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   "decimals": -5,
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    "concept": "ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:USD"
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  "fact-357": {
   "value": "42600000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:USD"
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  },
  "fact-358": {
   "value": "61900000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-359": {
   "value": "-34200000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-360": {
   "value": "-81900000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-361": {
   "value": "9600000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromIssuingShares",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-362": {
   "value": "100000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromIssuingShares",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-363": {
   "value": "0",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromIssueOfBondsNotesAndDebentures",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-364": {
   "value": "279100000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromIssueOfBondsNotesAndDebentures",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-365": {
   "value": "124500000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-366": {
   "value": "119800000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-367": {
   "value": "-0",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-368": {
   "value": "336600000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-369": {
   "value": "14000000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-370": {
   "value": "13700000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-371": {
   "value": "-128900000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-372": {
   "value": "-190900000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-373": {
   "value": "69000000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:USD"
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  },
  "fact-374": {
   "value": "100600000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:USD"
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  },
  "fact-375": {
   "value": "1350900000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:USD"
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  },
  "fact-376": {
   "value": "1300700000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-377": {
   "value": "69000000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-378": {
   "value": "100600000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-379": {
   "value": "17100000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-380": {
   "value": "-50400000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:USD"
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  },
  "fact-381": {
   "value": "1437000000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:USD"
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  },
  "fact-382": {
   "value": "1350900000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:USD"
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  },
  "fact-2": {
   "value": "181000000",
   "decimals": -6,
   "dimensions": {
    "concept": "hiscoxltd:CashBalanceNotAvailableForImmediateUseByTheGroupOutsideLloydsSyndicate",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-3": {
   "value": "178000000",
   "decimals": -6,
   "dimensions": {
    "concept": "hiscoxltd:CashBalanceNotAvailableForImmediateUseByTheGroupOutsideLloydsSyndicate",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-5": {
   "value": "108000000",
   "decimals": -6,
   "dimensions": {
    "concept": "hiscoxltd:PledgedCashHeldAgainstFundsAtLloyds",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-7": {
   "value": "89000000",
   "decimals": -6,
   "dimensions": {
    "concept": "hiscoxltd:PledgedCashHeldAgainstFundsAtLloyds",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-4": {
   "value": "10100000",
   "decimals": -5,
   "dimensions": {
    "concept": "hiscoxltd:CashHeldWithinTrustFundsAgainstReinsuranceArrangements",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-6": {
   "value": "500000",
   "decimals": -5,
   "dimensions": {
    "concept": "hiscoxltd:CashHeldWithinTrustFundsAgainstReinsuranceArrangements",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:USD"
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  "fact-387": {
   "value": "<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls3c ws45 gs310\">1 Genera<span class=\"_ _7\"></span>l information<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs311\">The H<span class=\"_ _7\"></span>iscox Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>, whic<span class=\"_ _7\"></span>h is head<span class=\"_ _7\"></span>quar<span class=\"_ _7\"></span>tere<span class=\"_ _7\"></span>d in Hami<span class=\"_ _7\"></span>lton,<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs312\">Ber<span class=\"_ _7\"></span>muda, c<span class=\"_ _7\"></span>ompr<span class=\"_ _7\"></span>ises Hi<span class=\"_ _7\"></span>scox Lt<span class=\"_ _9\"></span>d (the pa<span class=\"_ _7\"></span>rent com<span class=\"_ _7\"></span>pany<span class=\"_ _9\"></span>, referred </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs313\">t<span class=\"_ _9\"></span>o herein as t<span class=\"_ _9\"></span>he \u2018Compan<span class=\"_ _9\"></span>y\u2019<span class=\"_ _9\"></span>) and its sub<span class=\"_ _9\"></span>sidiaries (collectiv<span class=\"_ _9\"></span>ely<span class=\"_ _a\"></span>, <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs314\">the \u2018Hisc<span class=\"_ _7\"></span>ox Group<span class=\"_ _9\"></span>\u2019 or th<span class=\"_ _7\"></span>e \u2018<span class=\"_ _9\"></span>Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019)<span class=\"_ _9\"></span>. For the cu<span class=\"_ _7\"></span>rrent pe<span class=\"_ _7\"></span>riod </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs315\">the Gro<span class=\"_ _7\"></span>up provide<span class=\"_ _7\"></span>d insur<span class=\"_ _7\"></span>ance a<span class=\"_ _7\"></span>nd reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ces to </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs316\">its cli<span class=\"_ _7\"></span>ents worl<span class=\"_ _7\"></span>dwide. It ha<span class=\"_ _7\"></span>s oper<span class=\"_ _7\"></span>ations in Be<span class=\"_ _7\"></span>rmud<span class=\"_ _7\"></span>a, the UK, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs317\">Europe, Asi<span class=\"_ _7\"></span>a and the USA a<span class=\"_ _7\"></span>nd cur<span class=\"_ _7\"></span>rently ha<span class=\"_ _7\"></span>s over 3,<span class=\"_ _9\"></span>0<span class=\"_ _7\"></span>00 staf<span class=\"_ _7\"></span>f.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs318\">The C<span class=\"_ _7\"></span>ompa<span class=\"_ _7\"></span>ny is registere<span class=\"_ _7\"></span>d and do<span class=\"_ _7\"></span>micil<span class=\"_ _7\"></span>ed in Be<span class=\"_ _7\"></span>rmud<span class=\"_ _7\"></span>a and <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs319\">its ordi<span class=\"_ _7\"></span>nar<span class=\"_ _7\"></span>y sha<span class=\"_ _7\"></span>res are l<span class=\"_ _7\"></span>isted on the Lon<span class=\"_ _7\"></span>don Stock E<span class=\"_ _7\"></span>xchan<span class=\"_ _7\"></span>ge.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs31a\">The a<span class=\"_ _7\"></span>ddres<span class=\"_ _7\"></span>s of its registere<span class=\"_ _7\"></span>d of<span class=\"_ _7\"></span>fice is: Ches<span class=\"_ _7\"></span>ney Hous<span class=\"_ _7\"></span>e,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs31b\">96 Pit<span class=\"_ _7\"></span>ts Bay Road, Pemb<span class=\"_ _7\"></span>roke HM 08, Ber<span class=\"_ _7\"></span>muda<span class=\"_ _7\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-8": {
   "value": "Bermuda",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-9": {
   "value": "Hiscox Ltd",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-383": {
   "value": "Hiscox Ltd",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-385": {
   "value": "Ltd",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-10": {
   "value": "For the current period the Group provided insurance and reinsurance services to its clients worldwide",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-384": {
   "value": "Bermuda, the UK, Europe, Asia and the USA",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-11": {
   "value": "Bermuda",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-12": {
   "value": "Chesney House,  96 Pitts Bay Road, Pembroke HM 08, Bermuda.",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-388": {
   "value": "2 Basis of preparation<span class=\"_ _304\"> </span>The fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial stateme<span class=\"_ _7\"></span>nts of the Grou<span class=\"_ _7\"></span>p have been p<span class=\"_ _7\"></span>repare<span class=\"_ _7\"></span>d in acc<span class=\"_ _7\"></span>ordan<span class=\"_ _7\"></span>ce with UK-adopted Internatio<span class=\"_ _7\"></span>nal Acc<span class=\"_ _7\"></span>ounting Sta<span class=\"_ _7\"></span>ndards, a<span class=\"_ _7\"></span>nd Secti<span class=\"_ _7\"></span>on 4.<span class=\"_ _20\"></span>1 of the Dis<span class=\"_ _7\"></span>closu<span class=\"_ _7\"></span>re and T<span class=\"_ _a\"></span>r<span class=\"_ _7\"></span>anspa<span class=\"_ _7\"></span>rency Rule<span class=\"_ _7\"></span>s and the L<span class=\"_ _7\"></span>isting R<span class=\"_ _7\"></span>ules, both is<span class=\"_ _7\"></span>sued by the F<span class=\"_ _7\"></span>inanc<span class=\"_ _7\"></span>ial Conduct Auth<span class=\"_ _9\"></span>orit<span class=\"_ _7\"></span>y (F<span class=\"_ _9\"></span>CA)<span class=\"_ _9\"></span> and in accordance wit<span class=\"_ _9\"></span>h the<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>pro<span class=\"_ _9\"></span>visions of t<span class=\"_ _9\"></span>he Bermuda Companies Act 1<span class=\"_ _a\"></span>98<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>The c<span class=\"_ _7\"></span>onsol<span class=\"_ _7\"></span>idated fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l statements h<span class=\"_ _7\"></span>ave been pre<span class=\"_ _7\"></span>pared <span class=\"ls8 ws4\"> </span>on a going<span class=\"_ _9\"></span> concern basis. In<span class=\"_ _9\"></span> adopting<span class=\"_ _9\"></span> the going concern<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>basi<span class=\"_ _7\"></span>s, the Board ha<span class=\"_ _7\"></span>s reviewed th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s c<span class=\"_ _7\"></span>urrent a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span>forecast solv<span class=\"_ _9\"></span>ency and liquidity posit<span class=\"_ _9\"></span>ions for t<span class=\"_ _9\"></span>he next <span class=\"ls8 ws4\"> </span>1<span class=\"_ _a\"></span>2 m<span class=\"_ _7\"></span>onths and b<span class=\"_ _7\"></span>eyond. As par<span class=\"_ _7\"></span>t of the co<span class=\"_ _7\"></span>nside<span class=\"_ _7\"></span>ration of <span class=\"ls8 ws4\"> </span>the appr<span class=\"_ _9\"></span>opriateness o<span class=\"_ _9\"></span>f adopt<span class=\"_ _9\"></span>ing the going<span class=\"_ _9\"></span> concern basis,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>the Di<span class=\"_ _7\"></span>rectors us<span class=\"_ _7\"></span>e scen<span class=\"_ _7\"></span>ario a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>is and stre<span class=\"_ _7\"></span>ss testing to <span class=\"ls8 ws4\"> </span>ass<span class=\"_ _7\"></span>ess the ro<span class=\"_ _7\"></span>bustne<span class=\"_ _7\"></span>ss of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s solve<span class=\"_ _7\"></span>ncy and li<span class=\"_ _7\"></span>quidi<span class=\"_ _7\"></span>ty posi<span class=\"_ _7\"></span>tions. In un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>tak<span class=\"_ _7\"></span>ing thi<span class=\"_ _7\"></span>s anal<span class=\"_ _7\"></span>ysis, no mater<span class=\"_ _7\"></span>ial unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>tai<span class=\"_ _7\"></span>nty in rel<span class=\"_ _7\"></span>ation to going co<span class=\"_ _7\"></span>ncer<span class=\"_ _7\"></span>n has be<span class=\"_ _7\"></span>en id<span class=\"_ _7\"></span>entifie<span class=\"_ _7\"></span>d, due to the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s strong capital and liquidity positions<span class=\"_ _9\"></span> providing<span class=\"_ _9\"></span> resilience t<span class=\"_ _9\"></span>o shocks<span class=\"_ _9\"></span>, underpinned by t<span class=\"_ _9\"></span>he Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s approach<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>to risk ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>ment de<span class=\"_ _7\"></span>scri<span class=\"_ _7\"></span>bed in n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>e 3. Af<span class=\"_ _7\"></span>ter mak<span class=\"_ _7\"></span>ing enquiries, the<span class=\"_ _9\"></span> Directors<span class=\"_ _9\"></span> have<span class=\"_ _9\"></span> a reasonable expectat<span class=\"_ _9\"></span>ion <span class=\"ls8 ws4\"> </span>that the G<span class=\"_ _7\"></span>roup has ad<span class=\"_ _7\"></span>equate res<span class=\"_ _7\"></span>ource<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o co<span class=\"_ _7\"></span>ntinue in ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l existence ove<span class=\"_ _7\"></span>r a peri<span class=\"_ _7\"></span>od of at leas<span class=\"_ _7\"></span>t 1<span class=\"_ _a\"></span>2 mo<span class=\"_ _7\"></span>nths <span class=\"ls8 ws4\"> </span>from th<span class=\"_ _7\"></span>e date of t<span class=\"_ _9\"></span>hi<span class=\"_ _7\"></span>s repor<span class=\"_ _7\"></span>t. For this re<span class=\"_ _7\"></span>ason, the Gro<span class=\"_ _7\"></span>up contin<span class=\"_ _7\"></span>ues to adopt the g<span class=\"_ _7\"></span>oing co<span class=\"_ _7\"></span>ncer<span class=\"_ _7\"></span>n basis i<span class=\"_ _7\"></span>n prepa<span class=\"_ _7\"></span>ring <span class=\"ls8 ws4\"> </span>the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated financ<span class=\"_ _7\"></span>ial statem<span class=\"_ _7\"></span>ents.<span class=\"_ _304\"> </span>Items inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in the fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements of ea<span class=\"_ _7\"></span>ch of the <span class=\"ls8 ws4\"> </span>Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s entities a<span class=\"_ _7\"></span>re mea<span class=\"_ _7\"></span>sured in th<span class=\"_ _7\"></span>e curre<span class=\"_ _7\"></span>ncy of the <span class=\"ls8 ws4\"> </span>primar<span class=\"_ _7\"></span>y economic environment i<span class=\"_ _9\"></span>n which that ent<span class=\"_ _9\"></span>ity <span class=\"ls8 ws4\"> </span>operat<span class=\"_ _9\"></span>es (the<span class=\"_ _9\"></span> functional currency)<span class=\"_ _a\"></span>. The consolidat<span class=\"_ _9\"></span>ed <span class=\"ls8 ws4\"> </span>fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements are p<span class=\"_ _7\"></span>rese<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed i<span class=\"_ _7\"></span>n US Doll<span class=\"_ _7\"></span>ars mi<span class=\"_ _7\"></span>llions ($<span class=\"_ _7\"></span>m<span class=\"_ _9\"></span>) and rou<span class=\"_ _7\"></span>nded to the ne<span class=\"_ _7\"></span>arest h<span class=\"_ _7\"></span>undre<span class=\"_ _7\"></span>d thousa<span class=\"_ _7\"></span>nd Doll<span class=\"_ _7\"></span>ars, <span class=\"ls8 ws4\"> </span>unl<span class=\"_ _7\"></span>ess othe<span class=\"_ _7\"></span>rw<span class=\"_ _7\"></span>ise stated.<span class=\"_ _304\"> </span>The b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et of the Group i<span class=\"_ _7\"></span>s prese<span class=\"_ _7\"></span>nted in orde<span class=\"_ _7\"></span>r of<span class=\"_ _9\"></span> increasing liquidity<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> All amounts present<span class=\"_ _9\"></span>ed in the income<span class=\"_ _9\"></span> stateme<span class=\"_ _7\"></span>nt and statem<span class=\"_ _7\"></span>ent of com<span class=\"_ _7\"></span>prehe<span class=\"_ _7\"></span>nsive inc<span class=\"_ _7\"></span>ome rel<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>to continui<span class=\"_ _7\"></span>ng ope<span class=\"_ _7\"></span>rations.<span class=\"_ _304\"> </span>The fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial stateme<span class=\"_ _7\"></span>nts were ap<span class=\"_ _7\"></span>proved for issu<span class=\"_ _7\"></span>e by the <span class=\"ls8 ws4\"> </span>Boa<span class=\"_ _7\"></span>rd of Directors o<span class=\"_ _7\"></span>n 5<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Marc<span class=\"_ _7\"></span>h<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _a\"></span>4.<span class=\"_ _304\"> </span>2.<span class=\"_ _9\"></span>1 Mat<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>ial accounting policies information<span class=\"_ _304\"> </span>The principal account<span class=\"_ _9\"></span>ing policies applied in<span class=\"_ _9\"></span> the prepara<span class=\"_ _9\"></span>tion<span class=\"_ _9\"></span> of these c<span class=\"_ _7\"></span>onsol<span class=\"_ _7\"></span>idated fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l statements a<span class=\"_ _7\"></span>re set out b<span class=\"_ _7\"></span>elow<span class=\"_ _9\"></span>. The most critical<span class=\"_ _9\"></span> individual components o<span class=\"_ _9\"></span>f these financial<span class=\"_ _9\"></span> stateme<span class=\"_ _7\"></span>nts that involve the hi<span class=\"_ _7\"></span>ghes<span class=\"_ _7\"></span>t degre<span class=\"_ _7\"></span>e of judge<span class=\"_ _7\"></span>ment <span class=\"ls8 ws4\"> </span>or significant assump<span class=\"_ _9\"></span>tions and est<span class=\"_ _9\"></span>imations<span class=\"_ _9\"></span> are identified<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>i<span class=\"_ _2c\"></span>n<span class=\"_ _2c\"></span> n<span class=\"_ _c\"> </span>o<span class=\"_ _8\"></span>t<span class=\"_ _2c\"></span>e<span class=\"_ _2c\"></span> 2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>.<span class=\"_ _304\"> </span>E<span class=\"_ _7\"></span>xcept as de<span class=\"_ _7\"></span>scrib<span class=\"_ _7\"></span>ed in se<span class=\"_ _7\"></span>ction (a) bel<span class=\"_ _7\"></span>ow and overle<span class=\"_ _7\"></span>af<span class=\"_ _9\"></span>, the accounting<span class=\"_ _9\"></span> policies adopt<span class=\"_ _9\"></span>ed are<span class=\"_ _9\"></span> consistent<span class=\"_ _9\"></span> with those<span class=\"_ _9\"></span> of the<span class=\"_ _9\"></span> previous financial y<span class=\"_ _9\"></span>ear<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>(a) New accou<span class=\"_ _7\"></span>nting sta<span class=\"_ _7\"></span>ndards, inter<span class=\"_ _7\"></span>pretation<span class=\"_ _7\"></span>s and ame<span class=\"_ _7\"></span>ndme<span class=\"_ _7\"></span>nts t<span class=\"_ _9\"></span>o pu<span class=\"_ _7\"></span>blish<span class=\"_ _7\"></span>ed stan<span class=\"_ _7\"></span>dards In the<span class=\"_ _7\"></span>se cons<span class=\"_ _7\"></span>olidated fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al stateme<span class=\"_ _7\"></span>nts, the Compa<span class=\"_ _7\"></span>ny<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>has a<span class=\"_ _7\"></span>pplie<span class=\"_ _7\"></span>d IFRS 1<span class=\"_ _a\"></span>7 and I<span class=\"_ _7\"></span>FRS 9 for the fir<span class=\"_ _7\"></span>st time. <table class=\"s w144 h9d\" id=\"_38f07ede-5510-44b4-bab0-4698cdf260b3\"><tr><td></td><td class=\"t m0 x354 h44 y1f3f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x355 he y1f40 ff5f fs7 fc2 sc0 ls38 ws41\">Equit<span class=\"_ _7\"></span>y as at 31 Dece<span class=\"_ _7\"></span>mber 2021<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td></tr><tr><td class=\"c n x1b7 y1f41 w145 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">as previously r<span class=\"_ _9\"></span>epor<span class=\"_ _7\"></span>ted<span class=\"_ _304\"> </span></div></td><td class=\"c n x356 y1f41 w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,5<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f42 w146 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Impac<span class=\"_ _7\"></span>t of IFRS 1<span class=\"_ _a\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x357 y1f42 wa1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e7d w147 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Impac<span class=\"_ _7\"></span>t of IFRS 9<span class=\"_ _304\"> </span></div></td><td class=\"c n x358 y1e7d w148 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w149 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws41\">Res<span class=\"_ _7\"></span>tated equi<span class=\"_ _7\"></span>ty 1 Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y 2022<span class=\"_ _304\"> </span></div></td><td class=\"c n x359 y1e80 wa0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,5<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr></table>2<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.<span class=\"_ _a\"></span>1 IFRS 1<span class=\"_ _a\"></span>7 <span class=\"ff68 ls39 ws43\">Insurance Con<span class=\"_ _9\"></span>tracts<span class=\"_ _304\"> </span></span>The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s restated co<span class=\"_ _7\"></span>mparati<span class=\"_ _7\"></span>ve informatio<span class=\"_ _7\"></span>n for 2022<span class=\"_ _9\"></span> applying the full<span class=\"_ _9\"></span> retr<span class=\"_ _9\"></span>ospective t<span class=\"_ _9\"></span>ransitional pro<span class=\"_ _9\"></span>visions o<span class=\"_ _9\"></span>f <span class=\"ls8 ws4\"> </span>IFRS 1<span class=\"_ _a\"></span>7 <span class=\"ff68 ls39 ws43\">Insurance Contrac<span class=\"_ _9\"></span>ts<span class=\"_ _9\"></span><span class=\"ff5f ls8 ws4\">. </span></span>The n<span class=\"_ _7\"></span>ature of the cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n accou<span class=\"_ _7\"></span>nting pol<span class=\"_ _7\"></span>icie<span class=\"_ _7\"></span>s can be summarised as fol<span class=\"_ _9\"></span>lows.<span class=\"_ _9\"></span> Measure<span class=\"_ _7\"></span>ment<span class=\"_ _304\"> </span>IFRS 1<span class=\"_ _a\"></span>7 req<span class=\"_ _7\"></span>uires a c<span class=\"_ _7\"></span>urrent m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nt mode<span class=\"_ _7\"></span>l where estim<span class=\"_ _7\"></span>ates are reme<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d each re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d. Under <span class=\"ls8 ws4\"> </span>the Ge<span class=\"_ _7\"></span>nera<span class=\"_ _7\"></span>l Mea<span class=\"_ _7\"></span>sureme<span class=\"_ _7\"></span>nt Mod<span class=\"_ _7\"></span>el (GMM), contracts are<span class=\"_ _304\"> </span>measured using the b<span class=\"_ _9\"></span>uilding blocks of<span class=\"_ _9\"></span> discounted<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>probability-<span class=\"_ _9\"></span>weight<span class=\"_ _9\"></span>ed fulfilment cash<span class=\"_ _9\"></span> flows,<span class=\"_ _9\"></span> including an<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>expli<span class=\"_ _7\"></span>cit ris<span class=\"_ _7\"></span>k adjustm<span class=\"_ _7\"></span>ent, and a co<span class=\"_ _7\"></span>ntractual s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e margi<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> (CSM<span class=\"_ _9\"></span>) representing<span class=\"_ _9\"></span> the unearned pro<span class=\"_ _9\"></span>fit of t<span class=\"_ _9\"></span>he contract<span class=\"_ _9\"></span> whi<span class=\"_ _7\"></span>ch is rec<span class=\"_ _7\"></span>ognise<span class=\"_ _7\"></span>d as revenu<span class=\"_ _7\"></span>e over the coverag<span class=\"_ _7\"></span>e per<span class=\"_ _7\"></span>iod. A simp<span class=\"_ _7\"></span>lificati<span class=\"_ _7\"></span>on, the premi<span class=\"_ _7\"></span>um allo<span class=\"_ _7\"></span>cation a<span class=\"_ _7\"></span>pproac<span class=\"_ _7\"></span>h (P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A)<span class=\"_ _9\"></span>, ca<span class=\"_ _7\"></span>n be applied if certain eligibility criteria are<span class=\"_ _9\"></span> met.<span class=\"_ _9\"></span> The majorit<span class=\"_ _7\"></span>y o<span class=\"_ _9\"></span>f the<span class=\"_ _9\"></span> Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s polici<span class=\"_ _7\"></span>es have a coverag<span class=\"_ _7\"></span>e per<span class=\"_ _7\"></span>iod of 1<span class=\"_ _a\"></span>2 m<span class=\"_ _7\"></span>onths or le<span class=\"_ _7\"></span>ss and s<span class=\"_ _7\"></span>o are elig<span class=\"_ _7\"></span>ible for the P<span class=\"_ _9\"></span>A<span class=\"_ _7\"></span>A<span class=\"_ _7\"></span>. Man<span class=\"_ _7\"></span>agem<span class=\"_ _7\"></span>ent app<span class=\"_ _7\"></span>lies s<span class=\"_ _7\"></span>ignific<span class=\"_ _7\"></span>ant judg<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nts in asse<span class=\"_ _7\"></span>ssi<span class=\"_ _7\"></span>ng whethe<span class=\"_ _7\"></span>r appl<span class=\"_ _7\"></span>ying th<span class=\"_ _7\"></span>e P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A to groups of contrac<span class=\"_ _7\"></span>ts with a covera<span class=\"_ _7\"></span>ge per<span class=\"_ _7\"></span>iod ex<span class=\"_ _7\"></span>tending b<span class=\"_ _7\"></span>eyond <span class=\"ls8 ws4\"> </span>1<span class=\"_ _a\"></span>2 m<span class=\"_ _7\"></span>onths would p<span class=\"_ _7\"></span>roduce a m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>rement of th<span class=\"_ _7\"></span>e liabi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y for rema<span class=\"_ _7\"></span>ining c<span class=\"_ _7\"></span>overage (LRC) that wo<span class=\"_ _7\"></span>uld not dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>r materia<span class=\"_ _7\"></span>lly <span class=\"ls8 ws4\"> </span>from th<span class=\"_ _7\"></span>e one that woul<span class=\"_ _7\"></span>d be produ<span class=\"_ _7\"></span>ced ap<span class=\"_ _7\"></span>plyi<span class=\"_ _7\"></span>ng GMM. Man<span class=\"_ _7\"></span>agem<span class=\"_ _7\"></span>ent has c<span class=\"_ _7\"></span>onclu<span class=\"_ _7\"></span>ded that a m<span class=\"_ _7\"></span>ajori<span class=\"_ _7\"></span>ty of the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s insurance contracts i<span class=\"_ _9\"></span>ssue<span class=\"_ _7\"></span>d and r<span class=\"_ _9\"></span>einsurance contracts held meet th<span class=\"_ _7\"></span>e criter<span class=\"_ _7\"></span>ia and th<span class=\"_ _7\"></span>e P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A is app<span class=\"_ _7\"></span>lied to mea<span class=\"_ _7\"></span>sure the<span class=\"_ _7\"></span>m.<span class=\"_ _304\"> </span>The measurement principles differ from t<span class=\"_ _9\"></span>he approach used<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>by the Grou<span class=\"_ _7\"></span>p unde<span class=\"_ _7\"></span>r IFRS 4<span class=\"_ _9\"></span>. T<span class=\"_ _7\"></span>he key areas a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>the<span class=\"_ _9\"></span> LRC reflect<span class=\"_ _9\"></span>s premiums r<span class=\"_ _9\"></span>ecei<span class=\"_ _7\"></span>v<span class=\"_ _9\"></span>ed less insurance </span>acquisition cash flo<span class=\"_ _9\"></span>ws and less amounts r<span class=\"_ _9\"></span>ecognised <span class=\"ls8 ws4\"> </span>in insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce revenue;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span> <span class=\"_ _24\"></span>mea<span class=\"_ _7\"></span>sureme<span class=\"_ _7\"></span>nt of the LRC is ad<span class=\"_ _7\"></span>justed if a g<span class=\"_ _7\"></span>roup of </span>contract<span class=\"_ _9\"></span>s is e<span class=\"_ _9\"></span>xpected t<span class=\"_ _9\"></span>o be onerous<span class=\"_ _9\"></span> (for e<span class=\"_ _9\"></span>xample,<span class=\"_ _9\"></span> loss mak<span class=\"_ _7\"></span>ing) over the rem<span class=\"_ _7\"></span>aining c<span class=\"_ _7\"></span>overage p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d and a los<span class=\"_ _7\"></span>s is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed imme<span class=\"_ _7\"></span>diately i<span class=\"_ _7\"></span>n the cons<span class=\"_ _7\"></span>olidated in<span class=\"_ _7\"></span>come stateme<span class=\"_ _7\"></span>nt unde<span class=\"_ _7\"></span>r \u2018insuran<span class=\"_ _7\"></span>ce ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>\u2019 with <span class=\"ls8 ws4\"> </span>the r<span class=\"_ _9\"></span>ecoveries in \u2018<span class=\"_ _9\"></span>amount<span class=\"_ _9\"></span>s recov<span class=\"_ _9\"></span>erable from r<span class=\"_ _9\"></span>einsurers <span class=\"ls8 ws4\"> </span>for inc<span class=\"_ _9\"></span>urred claims<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>. A<span class=\"_ _9\"></span> loss component is measured<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>as the exces<span class=\"_ _7\"></span>s of the ful<span class=\"_ _7\"></span>filment c<span class=\"_ _7\"></span>ash flows th<span class=\"_ _7\"></span>at relate <span class=\"ls8 ws4\"> </span>to the remai<span class=\"_ _7\"></span>ning cover<span class=\"_ _7\"></span>age of the group ove<span class=\"_ _7\"></span>r the <span class=\"ls8 ws4\"> </span>car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of the L<span class=\"_ _7\"></span>RC of the group of co<span class=\"_ _7\"></span>ntracts;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>measurement o<span class=\"_ _9\"></span>f the<span class=\"_ _9\"></span> liability for incurred claims<span class=\"_ _9\"></span> (LIC)<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></span>is det<span class=\"_ _9\"></span>ermined on a pr<span class=\"_ _9\"></span>obability-w<span class=\"_ _9\"></span>eighted<span class=\"_ _9\"></span> expected<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>value b<span class=\"_ _7\"></span>asis. In co<span class=\"_ _7\"></span>ntrast to IFRS 4, the LIC is disc<span class=\"_ _7\"></span>ounted. The LIC also<span class=\"_ _9\"></span> includes an explicit<span class=\"_ _9\"></span> risk adjustment<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>t<span class=\"_ _9\"></span>o compensate<span class=\"_ _9\"></span> for non-<span class=\"_ _9\"></span>financial risk. The l<span class=\"_ _9\"></span>iability <span class=\"ls8 ws4\"> </span>includes the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> obligation t<span class=\"_ _9\"></span>o pa<span class=\"_ _9\"></span>y ot<span class=\"_ _9\"></span>her incurred insurance expense<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the disco<span class=\"_ _7\"></span>unt rates use<span class=\"_ _7\"></span>d to calcul<span class=\"_ _7\"></span>ate the LIC are </span>construct<span class=\"_ _9\"></span>ed using risk<span class=\"_ _a\"></span>-free rat<span class=\"_ _9\"></span>es, pl<span class=\"_ _9\"></span>us an illiquidity prem<span class=\"_ _7\"></span>ium, whe<span class=\"_ _7\"></span>re appli<span class=\"_ _7\"></span>cabl<span class=\"_ _7\"></span>e. Risk<span class=\"_ _9\"></span>-free rates a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> determ<span class=\"_ _7\"></span>ined by refere<span class=\"_ _7\"></span>nce to the mar<span class=\"_ _7\"></span>ket obser<span class=\"_ _7\"></span>va<span class=\"_ _7\"></span>ble data (swap rates or hi<span class=\"_ _7\"></span>ghly li<span class=\"_ _7\"></span>quid sovere<span class=\"_ _7\"></span>ign bo<span class=\"_ _7\"></span>nds) in the curr<span class=\"_ _9\"></span>encies of the<span class=\"_ _9\"></span> respective (<span class=\"_ _9\"></span>re<span class=\"_ _9\"></span>)insurance cont<span class=\"_ _9\"></span>ract liabilities. The illiquidit<span class=\"_ _7\"></span>y premium is det<span class=\"_ _9\"></span>ermin<span class=\"_ _7\"></span>ed based <span class=\"ls8 ws4\"> </span>on market<span class=\"_ _9\"></span> obser<span class=\"_ _7\"></span>vable illiquidity premiums in<span class=\"_ _9\"></span> financial assets<span class=\"_ _9\"></span>, adjust<span class=\"_ _9\"></span>ed t<span class=\"_ _9\"></span>o reflect the<span class=\"_ _9\"></span> liquidity characterist<span class=\"_ _9\"></span>ics <span class=\"ls8 ws4\"> </span>of the lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y cas<span class=\"_ _7\"></span>h flows;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the risk ad<span class=\"_ _7\"></span>justme<span class=\"_ _7\"></span>nt for non-fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l risk is th<span class=\"_ _7\"></span>e estimated </span>com<span class=\"_ _7\"></span>pens<span class=\"_ _7\"></span>ation that the G<span class=\"_ _7\"></span>roup requ<span class=\"_ _7\"></span>ires for b<span class=\"_ _7\"></span>eari<span class=\"_ _7\"></span>ng the unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>taint<span class=\"_ _7\"></span>y abo<span class=\"_ _7\"></span>ut the am<span class=\"_ _7\"></span>ount an<span class=\"_ _7\"></span>d timing of the c<span class=\"_ _7\"></span>ash <span class=\"ls8 ws4\"> </span>flows of group<span class=\"_ _7\"></span>s of insuran<span class=\"_ _7\"></span>ce contr<span class=\"_ _7\"></span>acts. Mana<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt applies significant judgement<span class=\"_ _9\"></span>s in det<span class=\"_ _9\"></span>ermining the risk<span class=\"_ _9\"></span> adjustment<span class=\"_ _9\"></span> amount<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt of the reinsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e contract a<span class=\"_ _7\"></span>sset for </span>remaining coverage (<span class=\"_ _9\"></span>ARC) reflecting r<span class=\"_ _9\"></span>einsurance prem<span class=\"_ _7\"></span>iums pa<span class=\"_ _7\"></span>id for reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e held i<span class=\"_ _7\"></span>s adjusted to <span class=\"ls8 ws4\"> </span>include a loss<span class=\"_ _9\"></span>-recov<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>y component t<span class=\"_ _9\"></span>o reflect<span class=\"_ _9\"></span> the expect<span class=\"_ _9\"></span>ed recovery of oner<span class=\"_ _9\"></span>ous contract<span class=\"_ _9\"></span> losses where <span class=\"ls8 ws4\"> </span>such contr<span class=\"_ _9\"></span>acts reins<span class=\"_ _9\"></span>ure onerous con<span class=\"_ _9\"></span>tracts<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt of the reinsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e asset for i<span class=\"_ _7\"></span>ncur<span class=\"_ _7\"></span>red <span class=\"ls8 ws4\"> </span></span>cla<span class=\"_ _7\"></span>ims (AIC) is s<span class=\"_ _7\"></span>imila<span class=\"_ _7\"></span>r t<span class=\"_ _9\"></span>o the LIC a<span class=\"_ _7\"></span>s set out a<span class=\"_ _7\"></span>bove<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>except for the adj<span class=\"_ _7\"></span>ustmen<span class=\"_ _7\"></span>t for the ef<span class=\"_ _7\"></span>fect of the r<span class=\"_ _7\"></span>isk <span class=\"ls8 ws4\"> </span>of r<span class=\"_ _9\"></span>einsurer\u2019<span class=\"_ _a\"></span>s non-per<span class=\"_ _7\"></span>formance<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the expec<span class=\"_ _7\"></span>ted premi<span class=\"_ _7\"></span>um rece<span class=\"_ _7\"></span>ipts are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in <span class=\"ls8 ws4\"> </span></span>the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated incom<span class=\"_ _7\"></span>e statement a<span class=\"_ _7\"></span>s par<span class=\"_ _7\"></span>t of <span class=\"ls8 ws4\"> </span>insu<span class=\"_ _7\"></span>rance reve<span class=\"_ _7\"></span>nue over the in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce coverag<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>per<span class=\"_ _7\"></span>iod on th<span class=\"_ _7\"></span>e basis of the pa<span class=\"_ _7\"></span>ssag<span class=\"_ _7\"></span>e of time unl<span class=\"_ _7\"></span>ess <span class=\"ls8 ws4\"> </span>the expe<span class=\"_ _7\"></span>cted pat<span class=\"_ _7\"></span>tern of rele<span class=\"_ _7\"></span>ase fro<span class=\"_ _7\"></span>m risk d<span class=\"_ _7\"></span>if<span class=\"_ _7\"></span>fers sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>ntly from th<span class=\"_ _7\"></span>e pass<span class=\"_ _7\"></span>age of time, in whi<span class=\"_ _7\"></span>ch <span class=\"ls8 ws4\"> </span>cas<span class=\"_ _7\"></span>e it is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed base<span class=\"_ _7\"></span>d on the exp<span class=\"_ _7\"></span>ected <span class=\"ls8 ws4\"> </span>timin<span class=\"_ _7\"></span>g of incurre<span class=\"_ _7\"></span>d clai<span class=\"_ _7\"></span>ms and be<span class=\"_ _7\"></span>nefits;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>all insu<span class=\"_ _7\"></span>rance a<span class=\"_ _7\"></span>nd rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contrac<span class=\"_ _7\"></span>t assets <span class=\"ls8 ws4\"> </span></span>and liabilities<span class=\"_ _9\"></span> are monetary items.<span class=\"_ _9\"></span> As a result<span class=\"_ _9\"></span>,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>those balances denominat<span class=\"_ _9\"></span>ed in for<span class=\"_ _9\"></span>eign <span class=\"ls8 ws4\"> </span>cur<span class=\"_ _7\"></span>renci<span class=\"_ _7\"></span>es are su<span class=\"_ _7\"></span>bject to revaluati<span class=\"_ _7\"></span>on at foreig<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span>exchang<span class=\"_ _7\"></span>e rates prevailin<span class=\"_ _7\"></span>g at the repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting <span class=\"ls8 ws4\"> </span>date, with the imp<span class=\"_ _7\"></span>act of chan<span class=\"_ _7\"></span>ges in fo<span class=\"_ _7\"></span>reign <span class=\"ls8 ws4\"> </span>exchang<span class=\"_ _7\"></span>e rates reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in the con<span class=\"_ _7\"></span>solidated <span class=\"ls8 ws4\"> </span>inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>unde<span class=\"_ _7\"></span>r IFRS 4<span class=\"_ _9\"></span>, ac<span class=\"_ _7\"></span>quisi<span class=\"_ _7\"></span>tion costs we<span class=\"_ _7\"></span>re recog<span class=\"_ _7\"></span>nised <span class=\"ls8 ws4\"> </span></span>and p<span class=\"_ _7\"></span>resented s<span class=\"_ _7\"></span>eparatel<span class=\"_ _7\"></span>y as \u2018<span class=\"_ _9\"></span>defer<span class=\"_ _7\"></span>red acq<span class=\"_ _7\"></span>uisitio<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span>costs\u2019<span class=\"_ _a\"></span>. Unde<span class=\"_ _7\"></span>r IFRS 1<span class=\"_ _a\"></span>7<span class=\"_ _20\"></span>, the G<span class=\"_ _7\"></span>roup has ta<span class=\"_ _7\"></span>ken the <span class=\"ls8 ws4\"> </span>opti<span class=\"_ _9\"></span>on to<span class=\"_ _9\"></span> include directly<span class=\"_ _9\"></span> attributable acquisition<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>cas<span class=\"_ _7\"></span>h flows in the LRC w<span class=\"_ _7\"></span>hich a<span class=\"_ _7\"></span>re t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>sted sepa<span class=\"_ _7\"></span>rately <span class=\"ls8 ws4\"> </span>for rec<span class=\"_ _7\"></span>overabil<span class=\"_ _7\"></span>ity a<span class=\"_ _7\"></span>nd are am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tised a<span class=\"_ _7\"></span>s par<span class=\"_ _7\"></span>t of <span class=\"ls8 ws4\"> </span>insurance ser<span class=\"_ _7\"></span>vice expenses.<span class=\"_ _304\"> </span>Chang<span class=\"_ _7\"></span>es to pres<span class=\"_ _7\"></span>entation an<span class=\"_ _7\"></span>d discl<span class=\"_ _7\"></span>osure<span class=\"_ _304\"> </span>The p<span class=\"_ _7\"></span>rese<span class=\"_ _7\"></span>ntation of the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated incom<span class=\"_ _7\"></span>e statement cha<span class=\"_ _7\"></span>nges, w<span class=\"_ _7\"></span>ith premi<span class=\"_ _7\"></span>um and cl<span class=\"_ _7\"></span>aims fig<span class=\"_ _7\"></span>ures be<span class=\"_ _7\"></span>ing rep<span class=\"_ _7\"></span>lace<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>with in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce revenue, ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce expe<span class=\"_ _7\"></span>nse and insu<span class=\"_ _7\"></span>rance fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>e incom<span class=\"_ _7\"></span>e and expe<span class=\"_ _7\"></span>nses. G<span class=\"_ _7\"></span>ross an<span class=\"_ _7\"></span>d net <span class=\"ls8 ws4\"> </span>wri<span class=\"_ _7\"></span>tten pre<span class=\"_ _7\"></span>mium w<span class=\"_ _7\"></span>ill no lon<span class=\"_ _7\"></span>ger be p<span class=\"_ _7\"></span>resen<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed o<span class=\"_ _7\"></span>n the face <span class=\"ls8 ws4\"> </span>of the con<span class=\"_ _7\"></span>solidated i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement.<span class=\"_ _304\"> </span>Further<span class=\"_ _a\"></span>, reinsurance commi<span class=\"_ _9\"></span>ssion income that<span class=\"_ _9\"></span> is contingen<span class=\"_ _9\"></span>t <span class=\"ls8 ws4\"> </span>on claims<span class=\"_ _9\"></span>, for e<span class=\"_ _9\"></span>xample pro<span class=\"_ _9\"></span>fit commission income<span class=\"_ _9\"></span>, is tr<span class=\"_ _9\"></span>eated<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>as pa<span class=\"_ _7\"></span>rt of c<span class=\"_ _7\"></span>laims re<span class=\"_ _7\"></span>coveri<span class=\"_ _7\"></span>es cas<span class=\"_ _7\"></span>h flows and that w<span class=\"_ _7\"></span>hich is <span class=\"ls8 ws4\"> </span>not con<span class=\"_ _9\"></span>tingent on clai<span class=\"_ _9\"></span>ms, for<span class=\"_ _9\"></span> example o<span class=\"_ _9\"></span>verrider commission,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>is acc<span class=\"_ _7\"></span>ounted for as p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>t of premiu<span class=\"_ _7\"></span>m paid or re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>ved <span class=\"ls8 ws4\"> </span>ca<span class=\"_ _7\"></span>sh flow<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>ransition<span class=\"_ _304\"> </span>On tra<span class=\"_ _7\"></span>nsitio<span class=\"_ _7\"></span>n date<span class=\"_ _9\"></span>, 1 Jan<span class=\"_ _7\"></span>uar<span class=\"_ _7\"></span>y 2022<span class=\"_ _9\"></span>, the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>has ide<span class=\"_ _7\"></span>ntified, rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed an<span class=\"_ _7\"></span>d meas<span class=\"_ _7\"></span>ured eac<span class=\"_ _7\"></span>h group </span>of insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ontracts as i<span class=\"_ _7\"></span>f IFRS 1<span class=\"_ _a\"></span>7 requ<span class=\"_ _7\"></span>ireme<span class=\"_ _7\"></span>nts had alway<span class=\"_ _9\"></span>s applied;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>derecognised any e<span class=\"_ _9\"></span>xisting balances tha<span class=\"_ _9\"></span>t would no<span class=\"_ _9\"></span>t <span class=\"ls8 ws4\"> </span></span>exist h<span class=\"_ _7\"></span>ad IFRS 1<span class=\"_ _a\"></span>7 requ<span class=\"_ _7\"></span>ireme<span class=\"_ _7\"></span>nts always app<span class=\"_ _7\"></span>lied;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>med a P<span class=\"_ _9\"></span>A<span class=\"_ _7\"></span>A eli<span class=\"_ _7\"></span>gibili<span class=\"_ _7\"></span>ty as<span class=\"_ _7\"></span>ses<span class=\"_ _7\"></span>sment fo<span class=\"_ _7\"></span>r the <span class=\"ls8 ws4\"> </span></span>202<span class=\"_ _9\"></span>1 and pr<span class=\"_ _7\"></span>ior un<span class=\"_ _7\"></span>expired g<span class=\"_ _7\"></span>roups of insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e and re<span class=\"_ _7\"></span>ins<span class=\"_ _7\"></span>ur<span class=\"_ _7\"></span>an<span class=\"_ _7\"></span>ce <span class=\"_ _7\"></span>contrac<span class=\"_ _7\"></span>ts with coverag<span class=\"_ _7\"></span>e per<span class=\"_ _7\"></span>iods of lon<span class=\"_ _7\"></span>ger <span class=\"ls8 ws4\"> </span>than 1<span class=\"_ _9\"></span>2 months; A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>has deter<span class=\"_ _7\"></span>mined th<span class=\"_ _7\"></span>at the net imp<span class=\"_ _7\"></span>act to equit<span class=\"_ _7\"></span>y at <span class=\"ls8 ws4\"> </span></span>1 Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y 2022 was $2<span class=\"_ _9\"></span>5.<span class=\"_ _20\"></span>1 m<span class=\"_ _7\"></span>illion (<span class=\"_ _7\"></span>incre<span class=\"_ _7\"></span>ase) drive<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span>by t<span class=\"_ _9\"></span>he follo<span class=\"_ _9\"></span>wing fact<span class=\"_ _9\"></span>ors<span class=\"_ _9\"></span>:  A<span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the a<span class=\"_ _7\"></span>pplic<span class=\"_ _7\"></span>ation of the di<span class=\"_ _7\"></span>scountin<span class=\"_ _7\"></span>g of the <span class=\"ls8 ws4\"> </span></span>insurance cont<span class=\"_ _9\"></span>ract liabilit<span class=\"_ _9\"></span>ies and assets o<span class=\"_ _9\"></span>f <span class=\"ls8 ws4\"> </span>$55.<span class=\"_ _9\"></span>0 million<span class=\"_ _9\"></span> (increase)<span class=\"_ _9\"></span>; and A<span class=\"_ _7\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>off<span class=\"_ _7\"></span>set<span class=\"_ _9\"></span> by ot<span class=\"_ _9\"></span>her dif<span class=\"_ _7\"></span>ferences including t<span class=\"_ _9\"></span>he recognition </span>of oner<span class=\"_ _9\"></span>ous contract<span class=\"_ _9\"></span> net loss component<span class=\"_ _9\"></span>s,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>non-p<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>form<span class=\"_ _7\"></span>ance r<span class=\"_ _7\"></span>isk, and a<span class=\"_ _7\"></span>lignm<span class=\"_ _7\"></span>ent of ris<span class=\"_ _7\"></span>k adjustment<span class=\"_ _9\"></span> and accountin<span class=\"_ _9\"></span>g policies on a consis<span class=\"_ _9\"></span>tent<span class=\"_ _9\"></span> basi<span class=\"_ _7\"></span>s unde<span class=\"_ _7\"></span>r IFRS 1<span class=\"_ _a\"></span>7 of $29<span class=\"_ _9\"></span>.9 mill<span class=\"_ _7\"></span>ion (decre<span class=\"_ _7\"></span>ase)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>2<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.2 IFRS 9 <span class=\"ff68 ls3d ws46\">Financial Instrum<span class=\"_ _9\"></span>ents<span class=\"_ _304\"> </span></span>The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s adopted IFRS 9 <span class=\"ff68 ls3d ws46\">Financial Ins<span class=\"_ _9\"></span>truments<span class=\"ff5f ls8 wsb4\"> wi<span class=\"_ _7\"></span>th </span></span>ef<span class=\"_ _7\"></span>fect f<span class=\"_ _7\"></span>rom 1 Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y 2023<span class=\"_ _9\"></span>. IFRS 9 re<span class=\"_ _7\"></span>plac<span class=\"_ _7\"></span>es IAS 39 an<span class=\"_ _7\"></span>d addresses the<span class=\"_ _9\"></span> classification and measurement<span class=\"_ _9\"></span> of financial<span class=\"_ _9\"></span> ass<span class=\"_ _7\"></span>ets and lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es; impair<span class=\"_ _7\"></span>ment of fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l assets; and gen<span class=\"_ _7\"></span>eral h<span class=\"_ _7\"></span>edge ac<span class=\"_ _7\"></span>counti<span class=\"_ _7\"></span>ng. Compa<span class=\"_ _7\"></span>ratives have be<span class=\"_ _7\"></span>en <span class=\"ls8 ws4\"> </span>restated w<span class=\"_ _7\"></span>ith adju<span class=\"_ _7\"></span>stments to the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mounts of <span class=\"ls8 ws4\"> </span>fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets an<span class=\"_ _7\"></span>d liabi<span class=\"_ _7\"></span>lities at th<span class=\"_ _7\"></span>e date of transitio<span class=\"_ _7\"></span>n recognised in ret<span class=\"_ _9\"></span>ained ear<span class=\"_ _7\"></span>nings<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The a<span class=\"_ _7\"></span>doption of IFRS 9 h<span class=\"_ _7\"></span>as resul<span class=\"_ _7\"></span>ted in cha<span class=\"_ _7\"></span>nges to the <span class=\"ls8 ws4\"> </span>Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s accounting pol<span class=\"_ _9\"></span>icies for recognit<span class=\"_ _9\"></span>ion, classificat<span class=\"_ _9\"></span>ion <span class=\"ls8 ws4\"> </span>and measurement o<span class=\"_ _9\"></span>f financial assets<span class=\"_ _9\"></span> and liabilities.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>ransition<span class=\"_ _304\"> </span>On the tra<span class=\"_ _7\"></span>nsitio<span class=\"_ _7\"></span>n date, 1 Januar<span class=\"_ _7\"></span>y 2022<span class=\"_ _9\"></span>, the n<span class=\"_ _7\"></span>et impact reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in equ<span class=\"_ _7\"></span>ity i<span class=\"_ _7\"></span>s $<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.2 m<span class=\"_ _7\"></span>illion (dec<span class=\"_ _7\"></span>rease) dr<span class=\"_ _7\"></span>iven by the reco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n of expec<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed c<span class=\"_ _7\"></span>redit l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s (ECL) unde<span class=\"_ _7\"></span>r IFRS 9 <span class=\"ls8 ws4\"> </span>for fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tised c<span class=\"_ _7\"></span>ost, net of ta<span class=\"_ _7\"></span>x.<span class=\"_ _304\"> </span>Class<span class=\"_ _7\"></span>ificatio<span class=\"_ _7\"></span>n and meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt of financ<span class=\"_ _7\"></span>ial in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nts<span class=\"_ _304\"> </span>IFRS 9<span class=\"_ _9\"></span> contains t<span class=\"_ _9\"></span>hree principal classificat<span class=\"_ _9\"></span>ion cat<span class=\"_ _9\"></span>egorie<span class=\"_ _7\"></span>s f<span class=\"_ _9\"></span>or fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets: amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed cost; fair va<span class=\"_ _7\"></span>lue throu<span class=\"_ _7\"></span>gh other com<span class=\"_ _7\"></span>prehe<span class=\"_ _7\"></span>nsive inc<span class=\"_ _7\"></span>ome (F<span class=\"_ _7\"></span>VOCI); and fair va<span class=\"_ _7\"></span>lue throug<span class=\"_ _7\"></span>h <span class=\"ls8 ws4\"> </span>profit or l<span class=\"_ _7\"></span>oss (F<span class=\"_ _7\"></span>VPL). On trans<span class=\"_ _7\"></span>ition to IFRS 9, the Group ass<span class=\"_ _7\"></span>esse<span class=\"_ _7\"></span>d the bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s mode<span class=\"_ _7\"></span>ls and co<span class=\"_ _7\"></span>ntractua<span class=\"_ _7\"></span>l cash <span class=\"ls8 ws4\"> </span>flows of its fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l instrum<span class=\"_ _7\"></span>ents.<span class=\"_ _304\"> </span><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs3f5\">The below table<span class=\"_ _9\"></span> reconciles the carry<span class=\"_ _7\"></span>ing amoun<span class=\"_ _9\"></span>ts o<span class=\"_ _9\"></span>f financial </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3f6\">instr<span class=\"_ _7\"></span>uments, f<span class=\"_ _7\"></span>rom their prev<span class=\"_ _7\"></span>ious m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>rement c<span class=\"_ _7\"></span>ategor<span class=\"_ _7\"></span>y in </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3f7\">acco<span class=\"_ _7\"></span>rdanc<span class=\"_ _7\"></span>e with IAS 39, to the meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt categor<span class=\"_ _7\"></span>ies <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3f8\">upon tr<span class=\"_ _7\"></span>ansiti<span class=\"_ _7\"></span>on to IFRS 9 on 1 Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y 2022<span class=\"_ _9\"></span>, inclu<span class=\"_ _7\"></span>ding any <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs3f9\">remeasurement impact<span class=\"_ _9\"></span>. Cer<span class=\"_ _7\"></span>tain balances previously disclosed<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3fa\">withi<span class=\"_ _7\"></span>n trade an<span class=\"_ _7\"></span>d other rece<span class=\"_ _7\"></span>ivabl<span class=\"_ _7\"></span>es/payable<span class=\"_ _7\"></span>s are in sc<span class=\"_ _7\"></span>ope of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3fb\">IFRS 1<span class=\"_ _a\"></span>7 as th<span class=\"_ _7\"></span>ey are attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble to insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ontracts; these </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3fc\">bala<span class=\"_ _7\"></span>nce<span class=\"_ _7\"></span>s have been exclu<span class=\"_ _7\"></span>ded fro<span class=\"_ _7\"></span>m the tabl<span class=\"_ _7\"></span>e below as th<span class=\"_ _7\"></span>ey are </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3fd\">not in sc<span class=\"_ _7\"></span>ope of IFRS 9.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs3fe\">The classification o<span class=\"_ _9\"></span>f financial inst<span class=\"_ _9\"></span>ruments under IF<span class=\"_ _9\"></span>RS 9 has<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3ff\">had no im<span class=\"_ _7\"></span>pact on th<span class=\"_ _7\"></span>e carr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing valu<span class=\"_ _7\"></span>es prev<span class=\"_ _7\"></span>iousl<span class=\"_ _7\"></span>y meas<span class=\"_ _7\"></span>ured </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs400\">und<span class=\"_ _7\"></span>er IAS 39.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs401\">The d<span class=\"_ _7\"></span>if<span class=\"_ _7\"></span>feren<span class=\"_ _7\"></span>ce in the c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng amou<span class=\"_ _7\"></span>nt for trade a<span class=\"_ _7\"></span>nd other </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs402\">rece<span class=\"_ _7\"></span>ivabl<span class=\"_ _7\"></span>es is du<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o the ECL i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment me<span class=\"_ _7\"></span>thodolo<span class=\"_ _7\"></span>gy </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs403\">introdu<span class=\"_ _7\"></span>ced by IFRS 9.<span class=\"_ _304\"> </span></div><div class=\"t m0 h4d ff68 fs7 fc3 sc0 ls3d ws46 gs404\">Impairment allo<span class=\"_ _9\"></span>wances<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs405\">IFRS 9 introd<span class=\"_ _7\"></span>uces a<span class=\"_ _7\"></span>n ECL appro<span class=\"_ _7\"></span>ach for me<span class=\"_ _7\"></span>asur<span class=\"_ _7\"></span>ing <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs406\">impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt allowan<span class=\"_ _7\"></span>ces. Th<span class=\"_ _7\"></span>e ECL method<span class=\"_ _7\"></span>olog<span class=\"_ _7\"></span>y is an <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs407\">unbiased,<span class=\"_ _9\"></span> probability-<span class=\"_ _9\"></span>weight<span class=\"_ _9\"></span>ed estimat<span class=\"_ _9\"></span>ion that<span class=\"_ _9\"></span> incorporates<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs408\">all avail<span class=\"_ _7\"></span>able i<span class=\"_ _7\"></span>nformatio<span class=\"_ _7\"></span>n relevant to the as<span class=\"_ _7\"></span>sess<span class=\"_ _7\"></span>ment of <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls78 ws41 gs409\">cr<span class=\"_ _7\"></span>ed<span class=\"_ _7\"></span>i<span class=\"_ _7\"></span>t r<span class=\"_ _7\"></span>i<span class=\"_ _7\"></span>sk,<span class=\"_ _7\"></span> i<span class=\"_ _7\"></span>nc<span class=\"_ _7\"></span>lu<span class=\"_ _7\"></span>di<span class=\"_ _7\"></span>n<span class=\"_ _7\"></span>g info<span class=\"_ _7\"></span>rmation a<span class=\"_ _7\"></span>bout p<span class=\"_ _7\"></span>ast events, cur<span class=\"_ _7\"></span>rent </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls75 ws44 gs40a\">conditions<span class=\"_ _9\"></span> and reasonable and<span class=\"_ _7\"></span> su<span class=\"_ _7\"></span>ppo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>ble <span class=\"_ _7\"></span>fore<span class=\"_ _7\"></span>ca<span class=\"_ _7\"></span>sts <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs40b\">of eco<span class=\"_ _7\"></span>nomic c<span class=\"_ _7\"></span>onditi<span class=\"_ _7\"></span>ons at the rep<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>ting date. The <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs40c\">for<span class=\"_ _7\"></span>ward-lo<span class=\"_ _7\"></span>okin<span class=\"_ _7\"></span>g aspe<span class=\"_ _7\"></span>ct of IFRS 9 requ<span class=\"_ _7\"></span>ires ju<span class=\"_ _7\"></span>dgem<span class=\"_ _7\"></span>ent <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs40d\">as to how chan<span class=\"_ _7\"></span>ges in e<span class=\"_ _7\"></span>cono<span class=\"_ _7\"></span>mic factor<span class=\"_ _7\"></span>s affe<span class=\"_ _7\"></span>ct ECLs.<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gs40f\">Clas<span class=\"_ _7\"></span>sific<span class=\"_ _7\"></span>ation and m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>remen<span class=\"_ _7\"></span>t of financi<span class=\"_ _7\"></span>al instr<span class=\"_ _7\"></span>ument<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> </div><div class=\"gs410\"><table class=\"s w14a h9e\" id=\"_1e235303-4f13-4a2d-8147-631f1a6b888a\"><tr><td></td><td></td><td class=\"t m0 x35a h44 y1f43 ff5f fs28 fc2 sc0 lse4 ws15d\">31 Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er 20<span class=\"_ _7\"></span>21<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x35b h43 y1f43 ff64 fs28 fc2 sc0 lse4 ws15d\">1 Jan<span class=\"_ _7\"></span>uar<span class=\"_ _7\"></span>y 20<span class=\"_ _7\"></span>22<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x35c h44 y1f44 ff5f fs28 fc2 sc0 lse4 ws15d\">IAS 3<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x35d h43 y1f44 ff64 fs28 fc2 sc0 lse4 ws15d\">IFR<span class=\"_ _7\"></span>S 9<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x261 h44 y1f45 ff5f fs28 fc2 sc0 lsf3 ws13f\">Measurement<span class=\"_ _9\"></span> </td><td class=\"t m0 x35e h44 y1f45 ff5f fs28 fc2 sc0 lsed ws139\">Carrying amount </td><td class=\"t m0 x35f h43 y1f45 ff64 fs28 fc2 sc0 lsed ws17b\">Measurement </td><td class=\"t m0 x360 h43 y1f45 ff64 fs28 fc2 sc0 lsf0 ws13c\">Carr<span class=\"_ _7\"></span>ying amount<span class=\"_ _9\"></span> </td></tr><tr><td></td><td class=\"t m0 x361 h44 y1f46 ff5f fs28 fc2 sc0 ls10a ws15c\">category<span class=\"_ _304\"> </span></td><td class=\"t m0 x362 h44 y1f46 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x363 h43 y1f46 ff64 fs28 fc2 sc0 lsa1 wsba\">cate<span class=\"_ _7\"></span>gor<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y1f46 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb h25 y1f47 ff64 fs7 fc2 sc0 ls3c ws45\">Financial assets<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f48 w14b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Government gilt<span class=\"_ _9\"></span>s/bonds<span class=\"_ _304\"> </span></div></td><td class=\"c n x364 y1f48 w14c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL<span class=\"_ _304\"> </span></div></td><td class=\"c n x365 y1f48 w18 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">9<span class=\"_ _2c\"> </span>0<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x366 y1f48 w14d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL (<span class=\"_ _9\"></span>mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x367 y1f48 w14e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">9<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f49 w14f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Corporate<span class=\"_ _9\"></span> bonds<span class=\"_ _304\"> </span></div></td><td class=\"c n x368 y1f49 w150 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">FV<span class=\"_ _7\"></span>PL<span class=\"_ _304\"> </span></div></td><td class=\"c n x369 y1f49 w151 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb4 wsd1\">3<span class=\"_ _7\"></span>,60<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x36a y1f49 w14d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _9\"></span> (mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x30c y1f49 w152 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">3,60<span class=\"_ _7\"></span>0.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4a w153 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Asset back<span class=\"_ _9\"></span>ed securities<span class=\"_ _304\"> </span></div></td><td class=\"c n x36b y1f4a w154 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _8\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x36c y1f4a w155 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x36d y1f4a w156 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">FVPL (<span class=\"_ _9\"></span>mandatory)<span class=\"_ _304\"> </span></div></td><td class=\"c n x36e y1f4a w157 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">11<span class=\"_ _7\"></span>6<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4b w158 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Mor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>gage-back<span class=\"_ _9\"></span>ed securities<span class=\"_ _304\"> </span></div></td><td class=\"c n x36f y1f4b w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x370 y1f4b w14e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x371 y1f4b w156 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">FVPL (<span class=\"_ _9\"></span>mandatory)<span class=\"_ _304\"> </span></div></td><td class=\"c n x372 y1f4b w15a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4c w15b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Other fixed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x373 y1f4c w14c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL<span class=\"_ _304\"> </span></div></td><td class=\"c n x374 y1f4c w35 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">434.<span class=\"_ _9\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x375 y1f4c w156 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">FVPL (m<span class=\"_ _9\"></span>andatory)<span class=\"_ _304\"> </span></div></td><td class=\"c n x376 y1f4c w15c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4<span class=\"_ _7\"></span>34.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4d w15d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Hedge/<span class=\"_ _9\"></span>equity funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x377 y1f4d w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x378 y1f4d w15e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x379 y1f4d w15f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _9\"></span> (mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x37a y1f4d w160 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4e w161 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">Strateg<span class=\"_ _7\"></span>ic inves<span class=\"_ _7\"></span>tments<span class=\"_ _304\"> </span></div></td><td class=\"c n x37b y1f4e w14c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL<span class=\"_ _304\"> </span></div></td><td class=\"c n x37c y1f4e w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">44.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x37d y1f4e w14d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL (<span class=\"_ _9\"></span>mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x37e y1f4e wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">44.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4f w162 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">Insurance-linked funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x37f y1f4f w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x380 y1f4f w163 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">50.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x381 y1f4f w15f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL (<span class=\"_ _9\"></span>mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x382 y1f4f w164 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">5<span class=\"_ _7\"></span>0.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y1f50 ff5f fs7 fc2 sc0 ls3b ws44\">Deposits with<span class=\"_ _9\"></span> credit inst<span class=\"_ _9\"></span>itutions<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x383 he y1f50 ff5f fs7 fc2 sc0 ls3e ws47\">Loans<span class=\"_ _9\"></span> and receiv<span class=\"_ _9\"></span>ables<span class=\"_ _304\"> </span></td><td class=\"c n x384 y1f51 w13c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">10<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x385 y1f51 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x386 y1f51 w166 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y1f52 ff5f fs7 fc2 sc0 ls83 ws155\">(L<span class=\"_ _7\"></span>loyd\u2019<span class=\"_ _9\"></span>s de<span class=\"_ _7\"></span>po<span class=\"_ _7\"></span>sit<span class=\"_ _7\"></span>s)</td><td class=\"t m0 x387 he y1f52 ff5f fs7 fc2 sc0 ls73 ws48\"> (Amor<span class=\"_ _7\"></span>tised cost)<span class=\"_ _304\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f53 w167 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws10a\">Derivat<span class=\"_ _9\"></span>ives<span class=\"_ _304\"> </span></div></td><td class=\"c n x388 y1f53 w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x389 y1f53 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x38a y1f53 w14d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _9\"></span> (mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x38b y1f53 w7c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f54 w168 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>rad<span class=\"_ _7\"></span>e and other re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>vable<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x38c y1f54 w169 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3e ws47\">Loans<span class=\"_ _9\"></span> and receiv<span class=\"_ _9\"></span>ables<span class=\"_ _304\"> </span></div></td><td class=\"c n x38d y1f54 w16a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">68.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x38e y1f54 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">A<span class=\"_ _7\"></span>mortised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x38f y1f54 w16b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x390 he y1f55 ff5f fs7 fc2 sc0 ls73 ws48\">(Amor<span class=\"_ _7\"></span>tised cost)<span class=\"_ _304\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f56 w16c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Cash and<span class=\"_ _9\"></span> cash equivalen<span class=\"_ _9\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n x391 y1f56 w16d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x392 y1f56 w16e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x393 y1f56 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">A<span class=\"_ _7\"></span>mortised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x394 y1f56 w16f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f57 w170 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d wsf4\">T<span class=\"_ _a\"></span>otal<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x395 y1f57 w171 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _2c\"></span>4<span class=\"_ _7\"></span>1<span class=\"_ _8\"></span>0<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x396 y1f57 w172 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsab wsc8\">7,<span class=\"_ _8\"></span>4<span class=\"_ _c\"> </span>0<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y1f58 ff64 fs7 fc2 sc0 ls7c ws89\">Financial liabilities<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f59 w173 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Bor<span class=\"_ _7\"></span>rowings a<span class=\"_ _7\"></span>nd accr<span class=\"_ _7\"></span>ued intere<span class=\"_ _7\"></span>st<span class=\"_ _304\"> </span></div></td><td class=\"c n x397 y1f59 w174 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amortised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x384 y1f59 w175 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">7<span class=\"_ _20\"></span>4<span class=\"_ _7\"></span>6.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x398 y1f59 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x399 y1f59 w176 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">7<span class=\"_ _a\"></span>46.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed7 w167 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws10a\">Derivat<span class=\"_ _9\"></span>ives<span class=\"_ _304\"> </span></div></td><td class=\"c n x388 y1ed7 w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x39a y1ed7 w177 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x39b y1ed7 w178 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VP<span class=\"_ _9\"></span>L (mand<span class=\"_ _9\"></span>atory)<span class=\"_ _304\"> </span></div></td><td class=\"c n x39c y1ed7 w179 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w17a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>rad<span class=\"_ _7\"></span>e and other p<span class=\"_ _7\"></span>ayables<span class=\"_ _304\"> </span></div></td><td class=\"c n x39d y1ed8 w16d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x39e y1ed8 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x39f y1ed8 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x3a0 y1ed8 w17b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w170 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d wsf4\">T<span class=\"_ _a\"></span>otal<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x3a1 y1e80 w12e h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x3a2 y1e80 w17c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">7<span class=\"_ _7\"></span>6<span class=\"_ _c\"> </span>9<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr></table></div>2<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.3 Am<span class=\"_ _7\"></span>endme<span class=\"_ _7\"></span>nts to IAS 1 Present<span class=\"_ _7\"></span>ation of Fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l<span class=\"_ _9\"></span> Stateme<span class=\"_ _7\"></span>nts and IFRS Pr<span class=\"_ _7\"></span>actice S<span class=\"_ _7\"></span>tatement 2, Maki<span class=\"_ _7\"></span>ng <span class=\"ls8 ws4\"> </span>Mat<span class=\"_ _9\"></span>erialit<span class=\"_ _7\"></span>y Judgements<span class=\"_ _9\"></span> \u2014 Disclosure o<span class=\"_ _9\"></span>f Account<span class=\"_ _9\"></span>ing P<span class=\"_ _9\"></span>olicies<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s adopted the am<span class=\"_ _7\"></span>endm<span class=\"_ _7\"></span>ents to IAS 1 for the first ti<span class=\"_ _7\"></span>me in the cu<span class=\"_ _7\"></span>rrent yea<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>. Th<span class=\"_ _7\"></span>e amen<span class=\"_ _7\"></span>dments c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>e the requ<span class=\"_ _7\"></span>ireme<span class=\"_ _7\"></span>nts in IAS 1 with re<span class=\"_ _7\"></span>gard to discl<span class=\"_ _7\"></span>osure of acc<span class=\"_ _7\"></span>ounting poli<span class=\"_ _7\"></span>cies. T<span class=\"_ _7\"></span>he ame<span class=\"_ _7\"></span>ndme<span class=\"_ _7\"></span>nts repla<span class=\"_ _7\"></span>ce all in<span class=\"_ _7\"></span>stanc<span class=\"_ _7\"></span>es of the term \u2018<span class=\"_ _9\"></span>significant account<span class=\"_ _9\"></span>ing policies<span class=\"_ _9\"></span>\u2019 with \u2018<span class=\"_ _9\"></span>mat<span class=\"_ _9\"></span>erial accountin<span class=\"_ _9\"></span>g <span class=\"ls8 ws4\"> </span>poli<span class=\"_ _7\"></span>cy inform<span class=\"_ _7\"></span>ation<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>. Th<span class=\"_ _7\"></span>ese am<span class=\"_ _7\"></span>endm<span class=\"_ _7\"></span>ents had no i<span class=\"_ _7\"></span>mpact on <span class=\"ls8 ws4\"> </span>the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated financ<span class=\"_ _7\"></span>ial statem<span class=\"_ _7\"></span>ents of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>2<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.4 Amen<span class=\"_ _7\"></span>dments to IAS 1<span class=\"_ _9\"></span>2 Income T<span class=\"_ _9\"></span>a<span class=\"_ _7\"></span>x<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s adopted the am<span class=\"_ _7\"></span>endm<span class=\"_ _7\"></span>ents to IAS 1<span class=\"_ _a\"></span>2 pu<span class=\"_ _7\"></span>blishe<span class=\"_ _7\"></span>d on 1<span class=\"_ _9\"></span>2 May 202<span class=\"_ _9\"></span>3 for the fir<span class=\"_ _7\"></span>st time in th<span class=\"_ _7\"></span>e curre<span class=\"_ _7\"></span>nt year<span class=\"_ _a\"></span>. T<span class=\"_ _7\"></span>he amendments address account<span class=\"_ _9\"></span>ing for income taxes arising<span class=\"_ _9\"></span> from ta<span class=\"_ _7\"></span>x l<span class=\"_ _7\"></span>aw enacted to impl<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt the Pilla<span class=\"_ _7\"></span>r T<span class=\"_ _a\"></span>wo mode<span class=\"_ _7\"></span>l rule<span class=\"_ _7\"></span>s published b<span class=\"_ _9\"></span>y the Organisat<span class=\"_ _9\"></span>ion for<span class=\"_ _9\"></span> Economic Co-operation<span class=\"_ _9\"></span> and D<span class=\"_ _7\"></span>evelopm<span class=\"_ _7\"></span>ent (OECD) (\u2018P<span class=\"_ _9\"></span>ill<span class=\"_ _7\"></span>ar T<span class=\"_ _a\"></span>wo le<span class=\"_ _7\"></span>gislati<span class=\"_ _7\"></span>on<span class=\"_ _9\"></span>\u2019)<span class=\"_ _9\"></span>. V<span class=\"_ _9\"></span>ar<span class=\"_ _7\"></span>ious jur<span class=\"_ _7\"></span>isdicti<span class=\"_ _7\"></span>ons in wh<span class=\"_ _7\"></span>ich the His<span class=\"_ _7\"></span>cox Group op<span class=\"_ _7\"></span>erates have en<span class=\"_ _7\"></span>acted or substant<span class=\"_ _9\"></span>ively enact<span class=\"_ _9\"></span>ed Pillar T<span class=\"_ _20\"></span>wo legislation<span class=\"_ _9\"></span> before t<span class=\"_ _9\"></span>he balance she<span class=\"_ _7\"></span>et date, includi<span class=\"_ _7\"></span>ng dome<span class=\"_ _7\"></span>stic top-up ta<span class=\"_ _7\"></span>x a<span class=\"_ _7\"></span>nd multin<span class=\"_ _7\"></span>ational top-up ta<span class=\"_ _7\"></span>xes, ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive for acco<span class=\"_ _7\"></span>unting pe<span class=\"_ _7\"></span>riod<span class=\"_ _7\"></span>s star<span class=\"_ _7\"></span>ting o<span class=\"_ _7\"></span>n or af<span class=\"_ _7\"></span>ter 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er 2023<span class=\"_ _9\"></span>. T<span class=\"_ _7\"></span>he Group h<span class=\"_ _7\"></span>as app<span class=\"_ _7\"></span>lied the exce<span class=\"_ _7\"></span>ption und<span class=\"_ _7\"></span>er the IAS 1<span class=\"_ _9\"></span>2 amen<span class=\"_ _7\"></span>dment to rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ing and d<span class=\"_ _7\"></span>isclos<span class=\"_ _7\"></span>ing infor<span class=\"_ _7\"></span>mation ab<span class=\"_ _7\"></span>out defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x a<span class=\"_ _7\"></span>ssets and l<span class=\"_ _7\"></span>iabil<span class=\"_ _7\"></span>ities re<span class=\"_ _7\"></span>lated <span class=\"ls8 ws4\"> </span>to t<span class=\"_ _9\"></span>op-u<span class=\"_ _7\"></span>p incom<span class=\"_ _7\"></span>e ta<span class=\"_ _7\"></span>xes. See note 23 for detai<span class=\"_ _7\"></span>ls of potential impac<span class=\"_ _7\"></span>t of these n<span class=\"_ _7\"></span>ew rule<span class=\"_ _7\"></span>s on futu<span class=\"_ _7\"></span>re accou<span class=\"_ _7\"></span>nting pe<span class=\"_ _7\"></span>riods.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s not ear<span class=\"_ _7\"></span>ly adopted any othe<span class=\"_ _7\"></span>r stand<span class=\"_ _7\"></span>ard, interp<span class=\"_ _7\"></span>retation or a<span class=\"_ _7\"></span>mendm<span class=\"_ _7\"></span>ent that ha<span class=\"_ _7\"></span>s bee<span class=\"_ _7\"></span>n issu<span class=\"_ _7\"></span>ed but is n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span> yet ef<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ve<span class=\"_ _9\"></span>. O<span class=\"_ _7\"></span>ther tha<span class=\"_ _7\"></span>n discus<span class=\"_ _7\"></span>sed as a<span class=\"_ _7\"></span>bove, new stand<span class=\"_ _7\"></span>ards, ame<span class=\"_ _7\"></span>ndme<span class=\"_ _7\"></span>nts t<span class=\"_ _9\"></span>o sta<span class=\"_ _7\"></span>ndard<span class=\"_ _7\"></span>s and inter<span class=\"_ _7\"></span>pretations, as a<span class=\"_ _7\"></span>dopted by the UK, that a<span class=\"_ _7\"></span>re ef<span class=\"_ _7\"></span>fective for a<span class=\"_ _7\"></span>nnua<span class=\"_ _7\"></span>l per<span class=\"_ _7\"></span>iods be<span class=\"_ _7\"></span>ginni<span class=\"_ _7\"></span>ng on 1 Jan<span class=\"_ _7\"></span>uar<span class=\"_ _7\"></span>y 2023 have bee<span class=\"_ _7\"></span>n appli<span class=\"_ _7\"></span>ed in pre<span class=\"_ _7\"></span>parin<span class=\"_ _7\"></span>g these cons<span class=\"_ _7\"></span>olidated fi<span class=\"_ _7\"></span>nanci<span class=\"_ _7\"></span>al stateme<span class=\"_ _7\"></span>nts and had n<span class=\"_ _7\"></span>o materia<span class=\"_ _7\"></span>l<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>impact on<span class=\"_ _9\"></span> the Group<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls78 ws41\"> <span class=\"_ _24\"></span>Am<span class=\"_ _7\"></span>endme<span class=\"_ _7\"></span>nts to IAS 1<span class=\"_ _a\"></span>2 Inc<span class=\"_ _7\"></span>ome T<span class=\"_ _a\"></span>a<span class=\"_ _7\"></span>xes \u2013 D<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span></span>T<span class=\"_ _a\"></span>ax re<span class=\"_ _9\"></span>lat<span class=\"_ _9\"></span>ed <span class=\"_ _9\"></span>to Assets a<span class=\"_ _7\"></span>nd Lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es ar<span class=\"_ _7\"></span>ising f<span class=\"_ _7\"></span>rom a <span class=\"ls8 ws4\"> </span>Single T<span class=\"_ _a\"></span>ransacti<span class=\"_ _9\"></span>on.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span> <span class=\"_ _24\"></span> <span class=\"_ _24\"></span>Am<span class=\"_ _7\"></span>endm<span class=\"_ _7\"></span>ents to IAS 8 Accou<span class=\"_ _7\"></span>nting Polici<span class=\"_ _7\"></span>es, Cha<span class=\"_ _7\"></span>nges </span>in Acc<span class=\"_ _7\"></span>ounting Esti<span class=\"_ _7\"></span>mates and Er<span class=\"_ _7\"></span>rors \u2013 Defi<span class=\"_ _7\"></span>nition of Acco<span class=\"_ _7\"></span>unting Estim<span class=\"_ _7\"></span>ates.<span class=\"_ _304\"> </span>(b<span class=\"_ _9\"></span>) Futur<span class=\"_ _9\"></span>e accounting de<span class=\"_ _9\"></span>velopments<span class=\"_ _304\"> </span>The fo<span class=\"_ _7\"></span>llowing n<span class=\"_ _7\"></span>ew stand<span class=\"_ _7\"></span>ards, and a<span class=\"_ _7\"></span>mend<span class=\"_ _7\"></span>ments to <span class=\"ls8 ws4\"> </span>stan<span class=\"_ _7\"></span>dards, are ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ctive for an<span class=\"_ _7\"></span>nual p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>ds beg<span class=\"_ _7\"></span>inning af<span class=\"_ _7\"></span>ter <span class=\"ls8 ws4\"> </span>1 Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y 2023 and have not bee<span class=\"_ _7\"></span>n app<span class=\"_ _7\"></span>lied in p<span class=\"_ _7\"></span>repar<span class=\"_ _7\"></span>ing thes<span class=\"_ _7\"></span>e fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Ame<span class=\"_ _7\"></span>ndments to IAS 1 Cl<span class=\"_ _7\"></span>assi<span class=\"_ _7\"></span>fication of L<span class=\"_ _7\"></span>iabil<span class=\"_ _7\"></span>ities <span class=\"ls8 ws4\"> </span></span>as Current<span class=\"_ _9\"></span> or Non-Current and Non<span class=\"_ _9\"></span>-current Liabilities<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>wi<span class=\"_ _7\"></span>th Cove<span class=\"_ _7\"></span>nant<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\">Amend<span class=\"_ _7\"></span>ments to IFRS 1<span class=\"_ _9\"></span>6 \u2013 <span class=\"ff68\">Lease Lia<span class=\"_ _7\"></span>bili<span class=\"_ _7\"></span>ty in a S<span class=\"_ _7\"></span>ale <span class=\"ls8 ws4\"> </span></span></span> <span class=\"_ _c0\"> </span>and Le<span class=\"_ _7\"></span>asebac<span class=\"_ _7\"></span><span class=\"ff5f ws117\">k.<span class=\"_ _304\"> </span></span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\">Amend<span class=\"_ _7\"></span>ments to IAS 7 and I<span class=\"_ _7\"></span>FRS 7 \u2013 <span class=\"ff68 ls3c wsbb\">Supplier <span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></span></span> <span class=\"_ _c0\"> </span>Fi<span class=\"_ _7\"></span>nance A<span class=\"_ _7\"></span>rrang<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nts<span class=\"_ _9\"></span><span class=\"ff5f ls8 ws4\">.<span class=\"_ _304\"> </span></span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\">Amend<span class=\"_ _7\"></span>ments to IFRS 1<span class=\"_ _9\"></span>0 and IAS 28 \u2013 Sal<span class=\"_ _7\"></span>e or <span class=\"ls8 ws4\"> </span></span> <span class=\"_ _c0\"> </span>Co<span class=\"_ _7\"></span>ntributi<span class=\"_ _7\"></span>on of Assets b<span class=\"_ _7\"></span>etwe<span class=\"_ _7\"></span>en an Inves<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>or a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span> <span class=\"_ _c0\"> </span>its Associat<span class=\"_ _9\"></span>e or Join<span class=\"_ _9\"></span>t V<span class=\"_ _9\"></span>enture<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>2.<span class=\"_ _7\"></span>2 Basis of<span class=\"_ _9\"></span> consolidation<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Subsidiaries<span class=\"_ _304\"> </span>Subsidiaries are t<span class=\"_ _9\"></span>hose entit<span class=\"_ _9\"></span>ies controlled<span class=\"_ _9\"></span> by the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>. <span class=\"ls8 ws4\"> </span>Control ex<span class=\"_ _7\"></span>ists whe<span class=\"_ _7\"></span>n the Grou<span class=\"_ _7\"></span>p has power over a<span class=\"_ _7\"></span>n entit<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, exposure<span class=\"_ _9\"></span> or rights<span class=\"_ _9\"></span> to v<span class=\"_ _9\"></span>ariable returns<span class=\"_ _9\"></span> from its i<span class=\"_ _9\"></span>nvolv<span class=\"_ _9\"></span>ement with<span class=\"_ _9\"></span> the investee a<span class=\"_ _7\"></span>nd abi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o use i<span class=\"_ _7\"></span>ts power to affe<span class=\"_ _7\"></span>ct those re<span class=\"_ _7\"></span>turns. The c<span class=\"_ _7\"></span>onsol<span class=\"_ _7\"></span>idated fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l statements in<span class=\"_ _7\"></span>clude th<span class=\"_ _7\"></span>e assets, lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s and re<span class=\"_ _7\"></span>sults of the Gro<span class=\"_ _7\"></span>up up to 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r eac<span class=\"_ _7\"></span>h<span class=\"_ _9\"></span> year<span class=\"_ _9\"></span>. The fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l stateme<span class=\"_ _7\"></span>nts of subsidi<span class=\"_ _7\"></span>ari<span class=\"_ _7\"></span>es are inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated financ<span class=\"_ _7\"></span>ial statem<span class=\"_ _7\"></span>ents onl<span class=\"_ _7\"></span>y from the date that control c<span class=\"_ _7\"></span>omme<span class=\"_ _7\"></span>nce<span class=\"_ _7\"></span>s until the date that co<span class=\"_ _7\"></span>ntrol cea<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span>The Group applies t<span class=\"_ _9\"></span>he acquisition<span class=\"_ _9\"></span> method t<span class=\"_ _9\"></span>o accoun<span class=\"_ _9\"></span>t for<span class=\"_ _9\"></span> business combination<span class=\"_ _9\"></span>s. The considerat<span class=\"_ _9\"></span>ion transf<span class=\"_ _9\"></span>erred for<span class=\"_ _9\"></span> the acq<span class=\"_ _7\"></span>uisitio<span class=\"_ _7\"></span>n of a subsi<span class=\"_ _7\"></span>diar<span class=\"_ _7\"></span>y is th<span class=\"_ _7\"></span>e fair valu<span class=\"_ _7\"></span>e of the assets transf<span class=\"_ _9\"></span>erred, the<span class=\"_ _9\"></span> liabilities incurred<span class=\"_ _9\"></span> to t<span class=\"_ _9\"></span>he former o<span class=\"_ _9\"></span>wners of the<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>acqu<span class=\"_ _7\"></span>iree an<span class=\"_ _7\"></span>d the equi<span class=\"_ _7\"></span>ty intere<span class=\"_ _7\"></span>sts iss<span class=\"_ _7\"></span>ued by the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>. T<span class=\"_ _7\"></span>he cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>ation trans<span class=\"_ _7\"></span>ferred a<span class=\"_ _7\"></span>lso inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>s the fair val<span class=\"_ _7\"></span>ue of any asset or liabil<span class=\"_ _9\"></span>it<span class=\"_ _7\"></span>y r<span class=\"_ _9\"></span>esulting from<span class=\"_ _9\"></span> a contingent<span class=\"_ _9\"></span> consideration<span class=\"_ _9\"></span> arrangement. I<span class=\"_ _9\"></span>dentifiable assets<span class=\"_ _9\"></span> acquired<span class=\"_ _9\"></span>, liabilities and<span class=\"_ _9\"></span> contingent<span class=\"_ _9\"></span> liabilities assumed in a<span class=\"_ _9\"></span> business combination<span class=\"_ _9\"></span> are mea<span class=\"_ _7\"></span>sured i<span class=\"_ _7\"></span>nitiall<span class=\"_ _7\"></span>y at their f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>es at the acq<span class=\"_ _7\"></span>uisitio<span class=\"_ _7\"></span>n date. The Grou<span class=\"_ _7\"></span>p recog<span class=\"_ _7\"></span>nises a<span class=\"_ _7\"></span>ny non-c<span class=\"_ _7\"></span>ontrollin<span class=\"_ _7\"></span>g interest in th<span class=\"_ _7\"></span>e acquire<span class=\"_ _7\"></span>e on an acquisit<span class=\"_ _9\"></span>ion-by<span class=\"_ _9\"></span>-acqui<span class=\"_ _9\"></span>sition basis<span class=\"_ _9\"></span>, either at f<span class=\"_ _9\"></span>air value or<span class=\"_ _9\"></span> at the non<span class=\"_ _7\"></span>-control<span class=\"_ _7\"></span>ling intere<span class=\"_ _7\"></span>st\u2019<span class=\"_ _9\"></span>s propor<span class=\"_ _7\"></span>tio<span class=\"_ _7\"></span>nate share of the recognised amounts o<span class=\"_ _9\"></span>f the acquir<span class=\"_ _9\"></span>ee\u2019<span class=\"_ _a\"></span>s identifiable net asset<span class=\"_ _9\"></span>s.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>ons with no<span class=\"_ _7\"></span>n-co<span class=\"_ _7\"></span>ntrolling intere<span class=\"_ _7\"></span>sts that do not re<span class=\"_ _7\"></span>sult in los<span class=\"_ _7\"></span>s of control are ac<span class=\"_ _7\"></span>counted for a<span class=\"_ _7\"></span>s equit<span class=\"_ _7\"></span>y tran<span class=\"_ _7\"></span>sactio<span class=\"_ _7\"></span>ns \u2013 that is, as tran<span class=\"_ _7\"></span>sactio<span class=\"_ _7\"></span>ns with the ow<span class=\"_ _7\"></span>ners i<span class=\"_ _7\"></span>n their ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y as own<span class=\"_ _7\"></span>ers. T<span class=\"_ _7\"></span>he dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rence b<span class=\"_ _7\"></span>etwee<span class=\"_ _7\"></span>n fair val<span class=\"_ _7\"></span>ue of any cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>ation paid a<span class=\"_ _7\"></span>nd the releva<span class=\"_ _7\"></span>nt share ac<span class=\"_ _7\"></span>quired of th<span class=\"_ _7\"></span>e carr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing valu<span class=\"_ _7\"></span>e of net ass<span class=\"_ _7\"></span>ets of the subs<span class=\"_ _7\"></span>idiar<span class=\"_ _7\"></span>y i<span class=\"_ _7\"></span>s record<span class=\"_ _7\"></span>ed in eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. G<span class=\"_ _7\"></span>ains or l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s on disp<span class=\"_ _7\"></span>osals to non-<span class=\"_ _7\"></span>controll<span class=\"_ _7\"></span>ing interests a<span class=\"_ _7\"></span>re also re<span class=\"_ _7\"></span>corde<span class=\"_ _7\"></span>d in equi<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(b<span class=\"_ _9\"></span>) Associat<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span>Ass<span class=\"_ _7\"></span>ociates a<span class=\"_ _7\"></span>re those enti<span class=\"_ _7\"></span>ties in w<span class=\"_ _7\"></span>hich the G<span class=\"_ _7\"></span>roup has s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant influe<span class=\"_ _7\"></span>nce, but n<span class=\"_ _7\"></span>ot control, over the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>nd ope<span class=\"_ _7\"></span>rating policies. Significan<span class=\"_ _9\"></span>t influence is generally ident<span class=\"_ _9\"></span>ified with a<span class=\"_ _9\"></span> sha<span class=\"_ _7\"></span>rehol<span class=\"_ _7\"></span>ding of bet<span class=\"_ _7\"></span>ween 20% and 50% of an e<span class=\"_ _7\"></span>ntity\u2019<span class=\"_ _9\"></span>s voting rights<span class=\"_ _9\"></span>. The consolidat<span class=\"_ _9\"></span>ed financial sta<span class=\"_ _9\"></span>tements<span class=\"_ _9\"></span> include the<span class=\"_ _9\"></span> Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s share of the total rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed gai<span class=\"_ _7\"></span>ns and lo<span class=\"_ _7\"></span>sses of ass<span class=\"_ _7\"></span>ociates on a<span class=\"_ _7\"></span>n equi<span class=\"_ _7\"></span>ty-acc<span class=\"_ _7\"></span>ounted bas<span class=\"_ _7\"></span>is from the d<span class=\"_ _7\"></span>ate t<span class=\"_ _9\"></span>hat significant infl<span class=\"_ _9\"></span>uence commences until the<span class=\"_ _9\"></span> date<span class=\"_ _9\"></span> that signifi<span class=\"_ _9\"></span>cant influence<span class=\"_ _9\"></span> ceases.<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s share of<span class=\"_ _9\"></span> its associat<span class=\"_ _9\"></span>e<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s post<span class=\"_ _a\"></span>-acquisition pr<span class=\"_ _9\"></span>ofits<span class=\"_ _9\"></span> or los<span class=\"_ _7\"></span>ses af<span class=\"_ _7\"></span>ter ta<span class=\"_ _7\"></span>x is re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in th<span class=\"_ _7\"></span>e incom<span class=\"_ _7\"></span>e statemen<span class=\"_ _7\"></span>t for eac<span class=\"_ _7\"></span>h peri<span class=\"_ _7\"></span>od, and its sh<span class=\"_ _7\"></span>are of the moveme<span class=\"_ _7\"></span>nt in the as<span class=\"_ _7\"></span>soci<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> net as<span class=\"_ _7\"></span>sets is refle<span class=\"_ _7\"></span>cted in the inves<span class=\"_ _7\"></span>tments\u2019 carr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing valu<span class=\"_ _7\"></span>es on the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet. Whe<span class=\"_ _7\"></span>n the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s share of los<span class=\"_ _7\"></span>ses e<span class=\"_ _7\"></span>qual<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> or excee<span class=\"_ _7\"></span>ds the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g amount of the a<span class=\"_ _7\"></span>ssoc<span class=\"_ _7\"></span>iate<span class=\"_ _9\"></span>, the c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing amo<span class=\"_ _7\"></span>unt is redu<span class=\"_ _7\"></span>ced to nil an<span class=\"_ _7\"></span>d recog<span class=\"_ _7\"></span>nition of f<span class=\"_ _7\"></span>ur<span class=\"_ _7\"></span>ther lo<span class=\"_ _7\"></span>sses i<span class=\"_ _7\"></span>s disc<span class=\"_ _7\"></span>ontinue<span class=\"_ _7\"></span>d except to the extent that the G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s incur<span class=\"_ _7\"></span>red obli<span class=\"_ _7\"></span>gations in re<span class=\"_ _7\"></span>spe<span class=\"_ _7\"></span>ct of the ass<span class=\"_ _7\"></span>ociate.<span class=\"_ _304\"> </span>(c<span class=\"_ _9\"></span>) T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>ons eli<span class=\"_ _7\"></span>minated on c<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dation<span class=\"_ _304\"> </span>Intragroup balances, transactions and any unreal<span class=\"_ _7\"></span>ised <span class=\"ls8 ws4\"> </span>gai<span class=\"_ _7\"></span>ns aris<span class=\"_ _7\"></span>ing from i<span class=\"_ _7\"></span>ntragroup tra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>ons are e<span class=\"_ _7\"></span>liminated i<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> prep<span class=\"_ _7\"></span>aring th<span class=\"_ _7\"></span>e conso<span class=\"_ _7\"></span>lidated fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l statemen<span class=\"_ _7\"></span>ts. Unreal<span class=\"_ _7\"></span>ised los<span class=\"_ _7\"></span>ses are a<span class=\"_ _7\"></span>lso eli<span class=\"_ _7\"></span>minated unl<span class=\"_ _7\"></span>ess th<span class=\"_ _7\"></span>e transac<span class=\"_ _7\"></span>tion provid<span class=\"_ _7\"></span>es evid<span class=\"_ _7\"></span>ence of a<span class=\"_ _7\"></span>n impair<span class=\"_ _7\"></span>ment of the a<span class=\"_ _7\"></span>sset tra<span class=\"_ _7\"></span>nsferre<span class=\"_ _7\"></span>d. Foreign cur<span class=\"_ _7\"></span>rency ga<span class=\"_ _7\"></span>ins and l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s on intragro<span class=\"_ _7\"></span>up monet<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y ass<span class=\"_ _7\"></span>ets and liabilities ma<span class=\"_ _9\"></span>y not<span class=\"_ _9\"></span> fully eliminat<span class=\"_ _9\"></span>e on consolida<span class=\"_ _9\"></span>tion when the<span class=\"_ _9\"></span> intra<span class=\"_ _9\"></span>group monetary item concerned is<span class=\"_ _9\"></span> transact<span class=\"_ _9\"></span>ed between two Group en<span class=\"_ _9\"></span>tities tha<span class=\"_ _9\"></span>t hav<span class=\"_ _9\"></span>e dif<span class=\"_ _7\"></span>fer<span class=\"_ _9\"></span>ent functional currencies<span class=\"_ _9\"></span>. Unrealised gains<span class=\"_ _9\"></span> arising from tr<span class=\"_ _9\"></span>ansactions with<span class=\"_ _9\"></span> associates<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>are el<span class=\"_ _7\"></span>iminated to the ex<span class=\"_ _7\"></span>tent of the Group\u2019<span class=\"_ _a\"></span>s i<span class=\"_ _7\"></span>nterest in the <span class=\"ls8 ws4\"> </span>entit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>. Unrea<span class=\"_ _7\"></span>lised l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s are elim<span class=\"_ _7\"></span>inated in the s<span class=\"_ _7\"></span>ame way<span class=\"_ _304\"> </span><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs490\">as un<span class=\"_ _7\"></span>realis<span class=\"_ _7\"></span>ed gai<span class=\"_ _7\"></span>ns, but onl<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o the ex<span class=\"_ _7\"></span>tent that the<span class=\"_ _7\"></span>re is no<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls21 ws99 gs491\">evid<span class=\"_ _9\"></span>ence o<span class=\"_ _9\"></span>f impa<span class=\"_ _9\"></span>irment<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls39 ws43 gs492\">2.3 Foreign curr<span class=\"_ _7\"></span>ency translation<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls39 ws43 gs493\">(<span class=\"_ _9\"></span>a) Funct<span class=\"_ _9\"></span>ional currency<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs494\">Items inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in the fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements of ea<span class=\"_ _7\"></span>ch of the<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs495\">Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s entities are<span class=\"_ _9\"></span> measured using t<span class=\"_ _9\"></span>he currency o<span class=\"_ _9\"></span>f the<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs496\">pri<span class=\"_ _7\"></span>mar<span class=\"_ _7\"></span>y ec<span class=\"_ _7\"></span>onomi<span class=\"_ _7\"></span>c environ<span class=\"_ _7\"></span>ment in w<span class=\"_ _7\"></span>hich th<span class=\"_ _7\"></span>e entit<span class=\"_ _7\"></span>y oper<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs497\">(the<span class=\"_ _9\"></span> \u2018functional currency<span class=\"_ _9\"></span>\u2019)<span class=\"_ _9\"></span>. En<span class=\"_ _9\"></span>tities operat<span class=\"_ _9\"></span>ing in F<span class=\"_ _9\"></span>rance,<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs498\">Germany<span class=\"_ _a\"></span>, The Netherlands, Sp<span class=\"_ _9\"></span>ain, P<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>tugal<span class=\"_ _9\"></span>, Ireland and<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs499\">Belgium hav<span class=\"_ _9\"></span>e functional currency o<span class=\"_ _9\"></span>f Euros<span class=\"_ _9\"></span>; tho<span class=\"_ _9\"></span>se subsidiar<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs49a\">entiti<span class=\"_ _7\"></span>es ope<span class=\"_ _7\"></span>rating fro<span class=\"_ _7\"></span>m the USA, B<span class=\"_ _7\"></span>ermu<span class=\"_ _7\"></span>da, Gue<span class=\"_ _7\"></span>rnsey a<span class=\"_ _7\"></span>nd<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs49b\">Syn<span class=\"_ _7\"></span>dicates h<span class=\"_ _7\"></span>ave functio<span class=\"_ _7\"></span>nal cur<span class=\"_ _7\"></span>rency of US D<span class=\"_ _7\"></span>ollar<span class=\"_ _7\"></span>s with the<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs49c\">exception of His<span class=\"_ _7\"></span>cox Lt<span class=\"_ _9\"></span>d, a publi<span class=\"_ _7\"></span>c compa<span class=\"_ _7\"></span>ny incor<span class=\"_ _7\"></span>porated a<span class=\"_ _7\"></span>nd<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs49d\">domiciled in Bermuda wit<span class=\"_ _9\"></span>h functional currency<span class=\"_ _9\"></span> of St<span class=\"_ _9\"></span>erling.<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs49e\">Funct<span class=\"_ _9\"></span>ional currencies of<span class=\"_ _9\"></span> entities opera<span class=\"_ _9\"></span>ting in Asia<span class=\"_ _9\"></span> include <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3e ws47 gs49f\">US Dol<span class=\"_ _9\"></span>lars, Si<span class=\"_ _9\"></span>ngapore<span class=\"_ _9\"></span> Dollars and<span class=\"_ _9\"></span> Thai Baht<span class=\"_ _9\"></span>. All<span class=\"_ _9\"></span> other<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4a0\">entiti<span class=\"_ _7\"></span>es have a fun<span class=\"_ _7\"></span>ctiona<span class=\"_ _7\"></span>l curre<span class=\"_ _7\"></span>ncy of Sterli<span class=\"_ _7\"></span>ng.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs4a1\">(b<span class=\"_ _9\"></span>) T<span class=\"_ _a\"></span>ransactions and<span class=\"_ _9\"></span> balances<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs4a2\">Foreign<span class=\"_ _9\"></span> currency transact<span class=\"_ _9\"></span>ions are t<span class=\"_ _9\"></span>ranslat<span class=\"_ _9\"></span>ed int<span class=\"_ _9\"></span>o the funct<span class=\"_ _9\"></span>ional<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4a3\">cur<span class=\"_ _7\"></span>rency us<span class=\"_ _7\"></span>ing the exchan<span class=\"_ _7\"></span>ge rates prevail<span class=\"_ _7\"></span>ing at the dates <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4a4\">of the trans<span class=\"_ _7\"></span>action<span class=\"_ _7\"></span>s. Foreign excha<span class=\"_ _7\"></span>nge gai<span class=\"_ _7\"></span>ns and lo<span class=\"_ _7\"></span>sses<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4a5\">resu<span class=\"_ _7\"></span>lting fro<span class=\"_ _7\"></span>m the set<span class=\"_ _7\"></span>tleme<span class=\"_ _7\"></span>nt of such tra<span class=\"_ _7\"></span>nsactio<span class=\"_ _7\"></span>ns and f<span class=\"_ _7\"></span>rom <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4a6\">the retran<span class=\"_ _7\"></span>slation at ye<span class=\"_ _7\"></span>ar<span class=\"_ _9\"></span>-end excha<span class=\"_ _7\"></span>nge rates of mon<span class=\"_ _7\"></span>etar<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs4a7\">assets and<span class=\"_ _9\"></span> liabilities denominat<span class=\"_ _9\"></span>ed in f<span class=\"_ _9\"></span>oreign currencies are<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4a8\">reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in the inc<span class=\"_ _7\"></span>ome statem<span class=\"_ _7\"></span>ent, ex<span class=\"_ _9\"></span>ce<span class=\"_ _7\"></span>pt when d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4a9\">in eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y as IFRS 9 ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive net investme<span class=\"_ _7\"></span>nt hed<span class=\"_ _7\"></span>ges or w<span class=\"_ _7\"></span>hen <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4aa\">the und<span class=\"_ _7\"></span>erl<span class=\"_ _7\"></span>ying ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e is dee<span class=\"_ _7\"></span>med to form pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t of the Group\u2019<span class=\"_ _a\"></span>s<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4ab\">net inves<span class=\"_ _7\"></span>tment in a su<span class=\"_ _7\"></span>bsidi<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y ope<span class=\"_ _7\"></span>ration an<span class=\"_ _7\"></span>d is unlikel<span class=\"_ _7\"></span>y to be<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs4ac\">settled in t<span class=\"_ _9\"></span>he foreseeable future<span class=\"_ _9\"></span>. Non-<span class=\"_ _9\"></span>monetar<span class=\"_ _7\"></span>y it<span class=\"_ _9\"></span>ems carried<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4ad\">at histori<span class=\"_ _7\"></span>cal co<span class=\"_ _7\"></span>st are tran<span class=\"_ _7\"></span>slated on the ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e shee<span class=\"_ _7\"></span>t at the<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4ae\">exchang<span class=\"_ _7\"></span>e rate prevailing o<span class=\"_ _7\"></span>n the orig<span class=\"_ _7\"></span>inal tra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>on date.<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4af\">Non-m<span class=\"_ _7\"></span>oneta<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y items mea<span class=\"_ _7\"></span>sured at fa<span class=\"_ _7\"></span>ir value a<span class=\"_ _7\"></span>re transl<span class=\"_ _7\"></span>ated using<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4b0\">the exchan<span class=\"_ _7\"></span>ge rate rulin<span class=\"_ _7\"></span>g when th<span class=\"_ _7\"></span>e fair valu<span class=\"_ _7\"></span>e was determ<span class=\"_ _7\"></span>ined.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs4b1\">(<span class=\"_ _9\"></span>c) Gr<span class=\"_ _9\"></span>oup companies<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4b2\">The re<span class=\"_ _7\"></span>sults a<span class=\"_ _7\"></span>nd fina<span class=\"_ _7\"></span>ncial p<span class=\"_ _7\"></span>ositio<span class=\"_ _7\"></span>n of all the Grou<span class=\"_ _7\"></span>p entitie<span class=\"_ _7\"></span>s that<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs4b3\">hav<span class=\"_ _9\"></span>e a functional currency different from t<span class=\"_ _9\"></span>he presentation<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls77 ws41 gs4b4\">cur<span class=\"_ _7\"></span>rency are tr<span class=\"_ _7\"></span>anslated in<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>o the pre<span class=\"_ _7\"></span>sentati<span class=\"_ _7\"></span>on cur<span class=\"_ _7\"></span>rency as fo<span class=\"_ _7\"></span>llows:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs4b5\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs4b6\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>assets a<span class=\"_ _7\"></span>nd liab<span class=\"_ _7\"></span>ilitie<span class=\"_ _7\"></span>s for each b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et prese<span class=\"_ _7\"></span>nted </span><span class=\"ff5f ls38 ws41\"><span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4b7\">are tra<span class=\"_ _7\"></span>nslated at the cl<span class=\"_ _7\"></span>osing rate at the d<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e of that<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls84 ws96 gs4b8\">balance shee<span class=\"_ _9\"></span>t;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs4b9\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs4ba\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>incom<span class=\"_ _7\"></span>e and expe<span class=\"_ _7\"></span>nses fo<span class=\"_ _7\"></span>r each in<span class=\"_ _7\"></span>come s<span class=\"_ _7\"></span>tatement are<span class=\"_ _304\"> </span></span><span class=\"ff5f ls38 ws41\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4bb\">trans<span class=\"_ _7\"></span>lated at average excha<span class=\"_ _7\"></span>nge rates (unle<span class=\"_ _7\"></span>ss this avera<span class=\"_ _7\"></span>ge <span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4bc\">is not a rea<span class=\"_ _7\"></span>sonab<span class=\"_ _7\"></span>le app<span class=\"_ _7\"></span>roximation of the cu<span class=\"_ _7\"></span>mulati<span class=\"_ _7\"></span>ve effe<span class=\"_ _7\"></span>ct<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4bd\">of the rates prevai<span class=\"_ _7\"></span>ling on the tra<span class=\"_ _7\"></span>nsac<span class=\"_ _7\"></span>tion dates, in wh<span class=\"_ _7\"></span>ich<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4be\">cas<span class=\"_ _7\"></span>e incom<span class=\"_ _7\"></span>e and exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s are trans<span class=\"_ _7\"></span>lated at the date of <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs4bf\">the t<span class=\"_ _9\"></span>ransactions<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>; and<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs4c0\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs4c1\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>all r<span class=\"_ _9\"></span>esulting ex<span class=\"_ _9\"></span>change dif<span class=\"_ _7\"></span>ferences are r<span class=\"_ _9\"></span>ecognised as a<span class=\"_ _304\"> </span></span><span class=\"ff5f ls39 ws43\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs4c2\">separat<span class=\"_ _9\"></span>e component o<span class=\"_ _9\"></span>f equity<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4c3\">Whe<span class=\"_ _7\"></span>n a foreig<span class=\"_ _7\"></span>n operati<span class=\"_ _7\"></span>on is sol<span class=\"_ _7\"></span>d, such exchang<span class=\"_ _7\"></span>e dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nces <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4c4\">are rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed in the i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement as p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>t of the gai<span class=\"_ _7\"></span>n,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4c5\">or los<span class=\"_ _7\"></span>s, on sal<span class=\"_ _7\"></span>e.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls38 ws41 gs4c6\">2.<span class=\"_ _7\"></span>4 Prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty, plant a<span class=\"_ _7\"></span>nd eq<span class=\"_ _7\"></span>uipme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4c7\">Prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>, plant a<span class=\"_ _7\"></span>nd equi<span class=\"_ _7\"></span>pment a<span class=\"_ _7\"></span>re stated at histori<span class=\"_ _7\"></span>cal co<span class=\"_ _7\"></span>st, less<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4c8\">dep<span class=\"_ _7\"></span>reciati<span class=\"_ _7\"></span>on and a<span class=\"_ _7\"></span>ny impair<span class=\"_ _7\"></span>ment lo<span class=\"_ _7\"></span>ss. Histori<span class=\"_ _7\"></span>cal co<span class=\"_ _7\"></span>st inclu<span class=\"_ _7\"></span>des<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4c9\">expe<span class=\"_ _7\"></span>nditure th<span class=\"_ _7\"></span>at is direc<span class=\"_ _7\"></span>tly attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble to the acqu<span class=\"_ _7\"></span>isition of th<span class=\"_ _7\"></span>e<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4ca\">items. Su<span class=\"_ _7\"></span>bsequ<span class=\"_ _7\"></span>ent cos<span class=\"_ _7\"></span>ts are inclu<span class=\"_ _7\"></span>ded in th<span class=\"_ _7\"></span>e asset\u2019<span class=\"_ _9\"></span>s ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4cb\">amo<span class=\"_ _7\"></span>unt or rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed as a se<span class=\"_ _7\"></span>parate ass<span class=\"_ _7\"></span>et<span class=\"_ _9\"></span>, as a<span class=\"_ _7\"></span>ppropr<span class=\"_ _7\"></span>iate<span class=\"_ _9\"></span>, on<span class=\"_ _7\"></span>ly<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs4cc\">when it is pr<span class=\"_ _9\"></span>obable that<span class=\"_ _9\"></span> future economic benefit<span class=\"_ _9\"></span>s associated<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4cd\">with the i<span class=\"_ _7\"></span>tem will flow to the Grou<span class=\"_ _7\"></span>p and the c<span class=\"_ _7\"></span>ost of the item ca<span class=\"_ _7\"></span>n<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4ce\">be me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d relia<span class=\"_ _7\"></span>bly<span class=\"_ _9\"></span>. All other re<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>s and ma<span class=\"_ _7\"></span>intenanc<span class=\"_ _7\"></span>e items<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4cf\">are ch<span class=\"_ _7\"></span>arged to the in<span class=\"_ _7\"></span>come statem<span class=\"_ _7\"></span>ent dur<span class=\"_ _7\"></span>ing the fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al per<span class=\"_ _7\"></span>iod<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls18 ws4c gs4d0\">in wh<span class=\"_ _7\"></span>ich they a<span class=\"_ _7\"></span>re incu<span class=\"_ _7\"></span>rred.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4d1\">La<span class=\"_ _7\"></span>nd is not de<span class=\"_ _7\"></span>preci<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>d as it is de<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o have an in<span class=\"_ _7\"></span>defini<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs4d2\">useful economic life<span class=\"_ _9\"></span>. The cost of<span class=\"_ _9\"></span> leaseho<span class=\"_ _7\"></span>ld impr<span class=\"_ _9\"></span>ovements<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4d3\">is amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tised over the u<span class=\"_ _7\"></span>nexpire<span class=\"_ _7\"></span>d term of the und<span class=\"_ _7\"></span>erl<span class=\"_ _7\"></span>ying <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4d4\">lea<span class=\"_ _7\"></span>se or the e<span class=\"_ _7\"></span>stimated usef<span class=\"_ _7\"></span>ul life of the a<span class=\"_ _7\"></span>sset, whic<span class=\"_ _7\"></span>hever is<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4d5\">sho<span class=\"_ _7\"></span>rter<span class=\"_ _9\"></span>. Depre<span class=\"_ _7\"></span>ciatio<span class=\"_ _7\"></span>n on other as<span class=\"_ _7\"></span>sets is ca<span class=\"_ _7\"></span>lculated us<span class=\"_ _7\"></span>ing the<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4d6\">strai<span class=\"_ _7\"></span>ght<span class=\"_ _9\"></span>-line m<span class=\"_ _7\"></span>ethod to alloc<span class=\"_ _7\"></span>ate their co<span class=\"_ _7\"></span>st<span class=\"_ _9\"></span>, le<span class=\"_ _7\"></span>ss the<span class=\"_ _7\"></span>ir resid<span class=\"_ _7\"></span>ual<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4d7\">value<span class=\"_ _7\"></span>s, over their e<span class=\"_ _7\"></span>stimated us<span class=\"_ _7\"></span>eful live<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4d8\">The r<span class=\"_ _7\"></span>ates appli<span class=\"_ _7\"></span>ed are as fo<span class=\"_ _7\"></span>llows:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs4d9\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs4da\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws101\"> buildi<span class=\"_ _9\"></span>ngs <span class=\"_ _1c1\"> </span>20<span class=\"_ _7\"></span>\u201350 <span class=\"_ _28\"> </span>years<span class=\"_ _304\"> </span></span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gs4db\">A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls85 ws84\"> <span class=\"_ _24\"></span>veh<span class=\"_ _7\"></span>icl<span class=\"_ _7\"></span>es  <span class=\"_ _1c2\"> </span>3 yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></span></span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gs4dc\">A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>leasehold improv<span class=\"_ _9\"></span>eme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>s including  <span class=\"_ _1c3\"> </span></span></span><span class=\"ff68\"><span class=\"ff5f ls39 ws43\"><span class=\"ls8 ws4\"> </span></span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4dd\">fix<span class=\"_ _7\"></span>tures a<span class=\"_ _7\"></span>nd fit<span class=\"_ _7\"></span>tings <span class=\"_ _ce\"> </span> <span class=\"_ _ef\"> </span>1<span class=\"_ _9\"></span>0<span class=\"_ _7\"></span>\u2013<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>5 yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gs4de\">A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>furniture,<span class=\"_ _9\"></span> fit<span class=\"_ _7\"></span>tings<span class=\"_ _9\"></span> and equipment  <span class=\"_ _13a\"> </span>3\u2013<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>5 years<span class=\"_ _304\"> </span></span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4df\">The a<span class=\"_ _7\"></span>ssets\u2019 resid<span class=\"_ _7\"></span>ual valu<span class=\"_ _7\"></span>es and u<span class=\"_ _7\"></span>seful l<span class=\"_ _7\"></span>ives are rev<span class=\"_ _7\"></span>iewed at <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4e0\">eac<span class=\"_ _7\"></span>h balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et date and adj<span class=\"_ _7\"></span>usted if ap<span class=\"_ _7\"></span>propri<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4e1\">An a<span class=\"_ _7\"></span>sset\u2019<span class=\"_ _9\"></span>s car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount i<span class=\"_ _7\"></span>s writ<span class=\"_ _7\"></span>ten down im<span class=\"_ _7\"></span>medi<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>el<span class=\"_ _7\"></span>y to its<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4e2\">recover<span class=\"_ _7\"></span>able a<span class=\"_ _7\"></span>mount if th<span class=\"_ _7\"></span>e asset<span class=\"_ _7\"></span>\u2019<span class=\"_ _a\"></span>s c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing amo<span class=\"_ _7\"></span>unt is gre<span class=\"_ _7\"></span>ater<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4e3\">than i<span class=\"_ _7\"></span>ts estimated re<span class=\"_ _7\"></span>coverabl<span class=\"_ _7\"></span>e amou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>. G<span class=\"_ _7\"></span>ains an<span class=\"_ _7\"></span>d losse<span class=\"_ _7\"></span>s on<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4e4\">disp<span class=\"_ _7\"></span>osal<span class=\"_ _7\"></span>s are determ<span class=\"_ _7\"></span>ined by co<span class=\"_ _7\"></span>mpari<span class=\"_ _7\"></span>ng proce<span class=\"_ _7\"></span>eds w<span class=\"_ _7\"></span>ith the<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4e5\">car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount. Th<span class=\"_ _7\"></span>ese are i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>ed in the in<span class=\"_ _7\"></span>come statem<span class=\"_ _7\"></span>ent.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls39 ws43 gs4e6\">2.5 Inta<span class=\"_ _7\"></span>ngible assets<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls7c ws89 gs4e7\">(a<span class=\"_ _9\"></span>) Goodwill<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs4e8\">Goodwill represents amount<span class=\"_ _9\"></span>s arising on acquisition<span class=\"_ _9\"></span> of<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs4e9\">subsidiaries and associat<span class=\"_ _9\"></span>es. In<span class=\"_ _9\"></span> respect of acquisit<span class=\"_ _9\"></span>ions tha<span class=\"_ _9\"></span>t <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4ea\">have occu<span class=\"_ _7\"></span>rred s<span class=\"_ _7\"></span>ince 1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _7\"></span>04, goodw<span class=\"_ _7\"></span>ill repre<span class=\"_ _7\"></span>sents <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4eb\">the exces<span class=\"_ _7\"></span>s of the fair valu<span class=\"_ _7\"></span>e of consi<span class=\"_ _7\"></span>deratio<span class=\"_ _7\"></span>n of an acqu<span class=\"_ _7\"></span>isition <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4ec\">over the fai<span class=\"_ _7\"></span>r value of the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s sha<span class=\"_ _7\"></span>re of the net ide<span class=\"_ _7\"></span>ntifiab<span class=\"_ _7\"></span>le<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs4ed\">assets and<span class=\"_ _9\"></span> contingent liabil<span class=\"_ _9\"></span>ities assumed of<span class=\"_ _9\"></span> the acquired<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs4ee\">subsidiar<span class=\"_ _7\"></span>y or<span class=\"_ _9\"></span> associate<span class=\"_ _9\"></span> at the a<span class=\"_ _9\"></span>cquisition dat<span class=\"_ _9\"></span>e<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4ef\">In res<span class=\"_ _7\"></span>pect of ac<span class=\"_ _7\"></span>quisi<span class=\"_ _7\"></span>tions pr<span class=\"_ _7\"></span>ior to 1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Janua<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2004, good<span class=\"_ _7\"></span>will is<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4f0\">incl<span class=\"_ _7\"></span>uded o<span class=\"_ _7\"></span>n the basis of i<span class=\"_ _7\"></span>ts deem<span class=\"_ _7\"></span>ed cos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>, wh<span class=\"_ _7\"></span>ich rep<span class=\"_ _7\"></span>resents <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4f1\">the am<span class=\"_ _7\"></span>ount rec<span class=\"_ _7\"></span>orded un<span class=\"_ _7\"></span>der prev<span class=\"_ _7\"></span>ious g<span class=\"_ _7\"></span>ener<span class=\"_ _7\"></span>ally ac<span class=\"_ _7\"></span>cepted<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs4f2\">accounting principles.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs4f3\">Goodwill on acquisit<span class=\"_ _9\"></span>ion of<span class=\"_ _9\"></span> subsidiaries is included in<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs4f4\">intangible asse<span class=\"_ _9\"></span>ts. Goodwill<span class=\"_ _9\"></span> on acquisition<span class=\"_ _9\"></span> of associat<span class=\"_ _9\"></span>es <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4f5\">is inc<span class=\"_ _7\"></span>luded i<span class=\"_ _7\"></span>n investme<span class=\"_ _7\"></span>nts in asso<span class=\"_ _7\"></span>ciates.<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4f6\">Goo<span class=\"_ _7\"></span>dwill i<span class=\"_ _7\"></span>s not amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed but is tes<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed at l<span class=\"_ _7\"></span>east a<span class=\"_ _7\"></span>nnua<span class=\"_ _7\"></span>lly <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4f7\">for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt and c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at co<span class=\"_ _7\"></span>st<span class=\"_ _9\"></span>, le<span class=\"_ _7\"></span>ss acc<span class=\"_ _7\"></span>umulated<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls7c ws89 gs4f8\">impairme<span class=\"_ _7\"></span>nt losses.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4f9\">Goo<span class=\"_ _7\"></span>dwill i<span class=\"_ _7\"></span>s alloc<span class=\"_ _7\"></span>ated to t<span class=\"_ _9\"></span>he G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s ca<span class=\"_ _7\"></span>sh-g<span class=\"_ _7\"></span>ener<span class=\"_ _7\"></span>ating units<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs4fa\">identified accor<span class=\"_ _9\"></span>ding t<span class=\"_ _9\"></span>o the smallest<span class=\"_ _9\"></span> identifiable unit t<span class=\"_ _9\"></span>o which<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4fb\">cas<span class=\"_ _7\"></span>h flows are ge<span class=\"_ _7\"></span>nerated.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4fc\">The i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment rev<span class=\"_ _7\"></span>iew proce<span class=\"_ _7\"></span>ss exam<span class=\"_ _7\"></span>ines w<span class=\"_ _7\"></span>hether o<span class=\"_ _7\"></span>r not<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4fd\">the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g value of the go<span class=\"_ _7\"></span>odwi<span class=\"_ _7\"></span>ll attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble to indiv<span class=\"_ _7\"></span>idua<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4fe\">cas<span class=\"_ _7\"></span>h-ge<span class=\"_ _7\"></span>neratin<span class=\"_ _7\"></span>g units excee<span class=\"_ _7\"></span>ds its rec<span class=\"_ _7\"></span>overable a<span class=\"_ _7\"></span>mount. Any<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4ff\">excess of go<span class=\"_ _7\"></span>odwi<span class=\"_ _7\"></span>ll over the recove<span class=\"_ _7\"></span>rable a<span class=\"_ _7\"></span>mount a<span class=\"_ _7\"></span>risin<span class=\"_ _7\"></span>g from<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs500\">the revi<span class=\"_ _7\"></span>ew proce<span class=\"_ _7\"></span>ss indi<span class=\"_ _7\"></span>cates impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt. Any impai<span class=\"_ _7\"></span>rment<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs501\">cha<span class=\"_ _7\"></span>rges are p<span class=\"_ _7\"></span>rese<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed a<span class=\"_ _7\"></span>s par<span class=\"_ _7\"></span>t of ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expen<span class=\"_ _7\"></span>ses. <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs502\">Gai<span class=\"_ _7\"></span>ns and lo<span class=\"_ _7\"></span>sses o<span class=\"_ _7\"></span>n the disp<span class=\"_ _7\"></span>osal of a<span class=\"_ _7\"></span>n entit<span class=\"_ _7\"></span>y inclu<span class=\"_ _7\"></span>de the<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs503\">car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of go<span class=\"_ _7\"></span>odwi<span class=\"_ _7\"></span>ll relating to the e<span class=\"_ _7\"></span>ntity s<span class=\"_ _7\"></span>old.<span class=\"_ _304\"> </span></div>(b<span class=\"_ _9\"></span>) Other intangible<span class=\"_ _9\"></span> assets<span class=\"_ _304\"> </span>Intan<span class=\"_ _7\"></span>gible a<span class=\"_ _7\"></span>ssets acq<span class=\"_ _7\"></span>uired se<span class=\"_ _7\"></span>paratel<span class=\"_ _7\"></span>y from a bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s are car<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>d initia<span class=\"_ _7\"></span>lly at cos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>. A<span class=\"_ _7\"></span>n intang<span class=\"_ _7\"></span>ible as<span class=\"_ _7\"></span>set acqu<span class=\"_ _7\"></span>ired as pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t <span class=\"ls8 ws4\"> </span>of a<span class=\"_ _9\"></span> business combination<span class=\"_ _9\"></span> is recognised outside<span class=\"_ _9\"></span> of goodwill<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>if the a<span class=\"_ _7\"></span>sset is se<span class=\"_ _7\"></span>para<span class=\"_ _7\"></span>ble or ar<span class=\"_ _7\"></span>ises f<span class=\"_ _7\"></span>rom contra<span class=\"_ _7\"></span>ctual o<span class=\"_ _7\"></span>r other <span class=\"ls8 ws4\"> </span>leg<span class=\"_ _7\"></span>al rig<span class=\"_ _7\"></span>hts and its fa<span class=\"_ _7\"></span>ir value c<span class=\"_ _7\"></span>an be me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d relia<span class=\"_ _7\"></span>bly<span class=\"_ _9\"></span>. Custome<span class=\"_ _7\"></span>r relatio<span class=\"_ _7\"></span>nships, sy<span class=\"_ _7\"></span>ndicate ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y and s<span class=\"_ _7\"></span>oft<span class=\"_ _7\"></span>ware acqu<span class=\"_ _7\"></span>ired are c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>lise<span class=\"_ _7\"></span>d at cost, bein<span class=\"_ _7\"></span>g the fair val<span class=\"_ _7\"></span>ue of the cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>ation paid. Sof<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ware is ca<span class=\"_ _7\"></span>pita<span class=\"_ _7\"></span>lised o<span class=\"_ _7\"></span>n the basis of the cos<span class=\"_ _7\"></span>ts incur<span class=\"_ _7\"></span>red to acquire a<span class=\"_ _7\"></span>nd brin<span class=\"_ _7\"></span>g it into use. Intan<span class=\"_ _7\"></span>gible ass<span class=\"_ _7\"></span>ets with ind<span class=\"_ _7\"></span>efinite live<span class=\"_ _7\"></span>s such as sy<span class=\"_ _7\"></span>ndic<span class=\"_ _7\"></span>ate capaci<span class=\"_ _7\"></span>ty are subs<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>ntly valu<span class=\"_ _7\"></span>ed at cost a<span class=\"_ _7\"></span>nd are su<span class=\"_ _7\"></span>bject to ann<span class=\"_ _7\"></span>ual impairment assessment<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Intangible asset<span class=\"_ _9\"></span>s with finit<span class=\"_ _9\"></span>e useful lives are<span class=\"_ _9\"></span> consequently car<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>d at cost, les<span class=\"_ _7\"></span>s accum<span class=\"_ _7\"></span>ulated amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation a<span class=\"_ _7\"></span>nd impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt.<span class=\"_ _9\"></span> The u<span class=\"_ _7\"></span>seful l<span class=\"_ _7\"></span>ife of the ass<span class=\"_ _7\"></span>et is reviewed a<span class=\"_ _7\"></span>nnua<span class=\"_ _7\"></span>lly<span class=\"_ _9\"></span>. Any cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> estim<span class=\"_ _7\"></span>ated usefu<span class=\"_ _7\"></span>l lives a<span class=\"_ _7\"></span>re accou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed fo<span class=\"_ _7\"></span>r prospe<span class=\"_ _7\"></span>ctivel<span class=\"_ _7\"></span>y with the ef<span class=\"_ _7\"></span>fect of the c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>e bein<span class=\"_ _7\"></span>g recog<span class=\"_ _7\"></span>nised i<span class=\"_ _7\"></span>n the curre<span class=\"_ _7\"></span>nt and f<span class=\"_ _7\"></span>uture periods, if rele<span class=\"_ _9\"></span>vant.<span class=\"_ _9\"></span> Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation i<span class=\"_ _7\"></span>s calcu<span class=\"_ _7\"></span>lated usin<span class=\"_ _7\"></span>g the straig<span class=\"_ _7\"></span>ht<span class=\"_ _9\"></span>-line m<span class=\"_ _7\"></span>ethod <span class=\"ls8 ws4\"> </span>to alloc<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e the c<span class=\"_ _7\"></span>ost over the e<span class=\"_ _7\"></span>stimated usef<span class=\"_ _7\"></span>ul live<span class=\"_ _7\"></span>s of the<span class=\"_ _9\"></span> intangible assets<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Subsequent e<span class=\"_ _9\"></span>xpenditure on o<span class=\"_ _9\"></span>ther intangible<span class=\"_ _9\"></span> assets is<span class=\"_ _9\"></span> capitalised only when it i<span class=\"_ _9\"></span>ncreases the futur<span class=\"_ _9\"></span>e economic <span class=\"ls8 ws4\"> </span>ben<span class=\"_ _7\"></span>efits emb<span class=\"_ _7\"></span>odie<span class=\"_ _7\"></span>d in the spe<span class=\"_ _7\"></span>cific a<span class=\"_ _7\"></span>sset to whic<span class=\"_ _7\"></span>h it relates. <span class=\"ls8 ws4\"> </span>All othe<span class=\"_ _7\"></span>r expe<span class=\"_ _7\"></span>nditure is ex<span class=\"_ _7\"></span>pens<span class=\"_ _7\"></span>ed as inc<span class=\"_ _7\"></span>urred.<span class=\"_ _304\"> </span>Tho<span class=\"_ _7\"></span>se intan<span class=\"_ _7\"></span>gible a<span class=\"_ _7\"></span>ssets wi<span class=\"_ _7\"></span>th finite lives a<span class=\"_ _7\"></span>re asse<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d for indi<span class=\"_ _7\"></span>cators of impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt at each re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e. Whe<span class=\"_ _7\"></span>re there is a<span class=\"_ _7\"></span>n indi<span class=\"_ _7\"></span>cation of imp<span class=\"_ _7\"></span>airm<span class=\"_ _7\"></span>ent then a f<span class=\"_ _7\"></span>ull im<span class=\"_ _7\"></span>pairm<span class=\"_ _7\"></span>ent test is p<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>forme<span class=\"_ _7\"></span>d. An im<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>ment los<span class=\"_ _7\"></span>s reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d for an inta<span class=\"_ _7\"></span>ngibl<span class=\"_ _7\"></span>e asset i<span class=\"_ _7\"></span>n prio<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> year<span class=\"_ _7\"></span>s shoul<span class=\"_ _7\"></span>d be revers<span class=\"_ _7\"></span>ed if, and only i<span class=\"_ _7\"></span>f<span class=\"_ _9\"></span>, there h<span class=\"_ _7\"></span>as bee<span class=\"_ _7\"></span>n a chan<span class=\"_ _7\"></span>ge in the e<span class=\"_ _7\"></span>stimates use<span class=\"_ _7\"></span>d to det<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rmine th<span class=\"_ _7\"></span>e asset\u2019s recoverabl<span class=\"_ _7\"></span>e amo<span class=\"_ _7\"></span>unt sinc<span class=\"_ _7\"></span>e the last i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment lo<span class=\"_ _7\"></span>ss was rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed.<span class=\"_ _304\"> </span>2.6 Impairment of non-financial assets<span class=\"_ _304\"> </span>Non-<span class=\"_ _9\"></span>financial assets (<span class=\"_ _9\"></span>such as goodwil<span class=\"_ _9\"></span>l, an in<span class=\"_ _9\"></span>tangible asset or<span class=\"_ _9\"></span> item of prop<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>, pla<span class=\"_ _7\"></span>nt and eq<span class=\"_ _7\"></span>uipme<span class=\"_ _7\"></span>nt) that have an indefi<span class=\"_ _7\"></span>nite usef<span class=\"_ _7\"></span>ul life are n<span class=\"_ _7\"></span>ot subje<span class=\"_ _7\"></span>ct to amor<span class=\"_ _7\"></span>tisatio<span class=\"_ _7\"></span>n and are tes<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed ann<span class=\"_ _7\"></span>ually o<span class=\"_ _7\"></span>r when<span class=\"_ _7\"></span>ever there i<span class=\"_ _7\"></span>s an indi<span class=\"_ _7\"></span>cation of imp<span class=\"_ _7\"></span>airm<span class=\"_ _7\"></span>ent.<span class=\"_ _9\"></span> Ass<span class=\"_ _7\"></span>ets that are sub<span class=\"_ _7\"></span>ject to amo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>sation are rev<span class=\"_ _7\"></span>iewed for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt whe<span class=\"_ _7\"></span>never events or c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>es in circu<span class=\"_ _7\"></span>mstan<span class=\"_ _7\"></span>ces indi<span class=\"_ _7\"></span>cate that the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount m<span class=\"_ _7\"></span>ay not be recovera<span class=\"_ _7\"></span>ble.<span class=\"_ _304\"> </span>Obj<span class=\"_ _7\"></span>ective fac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>s that are co<span class=\"_ _7\"></span>nside<span class=\"_ _7\"></span>red whe<span class=\"_ _7\"></span>n determ<span class=\"_ _7\"></span>ining whether a non-<span class=\"_ _9\"></span>financial asset or gr<span class=\"_ _9\"></span>oup of non-<span class=\"_ _9\"></span>financial assets<span class=\"_ _9\"></span> may be im<span class=\"_ _7\"></span>paired i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, bu<span class=\"_ _7\"></span>t are not limi<span class=\"_ _7\"></span>ted t<span class=\"_ _9\"></span>o, the followin<span class=\"_ _7\"></span>g:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>adv<span class=\"_ _9\"></span>erse economic, regulat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y or en<span class=\"_ _9\"></span>vironmental </span>con<span class=\"_ _7\"></span>ditions th<span class=\"_ _7\"></span>at may restri<span class=\"_ _7\"></span>ct futu<span class=\"_ _7\"></span>re cash flows a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span>asset usage and/<span class=\"_ _a\"></span>or recoverability;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the likelih<span class=\"_ _7\"></span>ood of acce<span class=\"_ _7\"></span>lerated o<span class=\"_ _7\"></span>bsole<span class=\"_ _7\"></span>sce<span class=\"_ _7\"></span>nce ar<span class=\"_ _7\"></span>ising <span class=\"ls8 ws4\"> </span></span>from th<span class=\"_ _7\"></span>e develop<span class=\"_ _7\"></span>ment of new tech<span class=\"_ _7\"></span>nolog<span class=\"_ _7\"></span>ies a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span>products<span class=\"_ _9\"></span>; and<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the disinteg<span class=\"_ _7\"></span>ration of the ac<span class=\"_ _7\"></span>tive market(s<span class=\"_ _9\"></span>) to whic<span class=\"_ _7\"></span>h the </span>ass<span class=\"_ _7\"></span>et is related. An im<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>ment los<span class=\"_ _7\"></span>s is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed for the am<span class=\"_ _7\"></span>ount by whi<span class=\"_ _7\"></span>ch <span class=\"ls8 ws4\"> </span>the as<span class=\"_ _7\"></span>set\u2019<span class=\"_ _9\"></span>s car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount excee<span class=\"_ _7\"></span>ds its rec<span class=\"_ _7\"></span>overable <span class=\"ls8 ws4\"> </span>amo<span class=\"_ _7\"></span>unt. The rec<span class=\"_ _7\"></span>overable a<span class=\"_ _7\"></span>mount i<span class=\"_ _7\"></span>s the high<span class=\"_ _7\"></span>er of an <span class=\"ls8 ws4\"> </span>ass<span class=\"_ _7\"></span>et\u2019<span class=\"_ _9\"></span>s fair valu<span class=\"_ _7\"></span>e less c<span class=\"_ _7\"></span>osts to sell or va<span class=\"_ _7\"></span>lue in us<span class=\"_ _7\"></span>e.<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>For the pu<span class=\"_ _7\"></span>rpose of a<span class=\"_ _7\"></span>sses<span class=\"_ _7\"></span>sing im<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>ment, assets a<span class=\"_ _7\"></span>re groupe<span class=\"_ _7\"></span>d at the lowes<span class=\"_ _7\"></span>t levels for wh<span class=\"_ _7\"></span>ich the<span class=\"_ _7\"></span>re are sepa<span class=\"_ _7\"></span>rately id<span class=\"_ _7\"></span>entifia<span class=\"_ _7\"></span>ble <span class=\"ls8 ws4\"> </span>cas<span class=\"_ _7\"></span>h flows (cash-g<span class=\"_ _7\"></span>ene<span class=\"_ _7\"></span>rating uni<span class=\"_ _7\"></span>ts<span class=\"_ _9\"></span>). Where an i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment <span class=\"ls8 ws4\"> </span>los<span class=\"_ _7\"></span>s subse<span class=\"_ _7\"></span>quentl<span class=\"_ _7\"></span>y reverse<span class=\"_ _7\"></span>s, the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying am<span class=\"_ _7\"></span>ount of the <span class=\"ls8 ws4\"> </span>ass<span class=\"_ _7\"></span>et is incre<span class=\"_ _7\"></span>ased to the revi<span class=\"_ _7\"></span>sed es<span class=\"_ _7\"></span>timate of its recovera<span class=\"_ _7\"></span>ble amo<span class=\"_ _7\"></span>unt, but only to the ex<span class=\"_ _7\"></span>tent that the in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>ed car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying amo<span class=\"_ _7\"></span>unt doe<span class=\"_ _7\"></span>s not ex<span class=\"_ _9\"></span>ce<span class=\"_ _7\"></span>ed the c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng amou<span class=\"_ _7\"></span>nt that would <span class=\"ls8 ws4\"> </span>have bee<span class=\"_ _7\"></span>n determ<span class=\"_ _7\"></span>ined had n<span class=\"_ _7\"></span>o impai<span class=\"_ _7\"></span>rment l<span class=\"_ _7\"></span>oss be<span class=\"_ _7\"></span>en reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d for the as<span class=\"_ _7\"></span>set in pr<span class=\"_ _7\"></span>ior per<span class=\"_ _7\"></span>iods. A rever<span class=\"_ _7\"></span>sal of an impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt loss i<span class=\"_ _7\"></span>s recog<span class=\"_ _7\"></span>nised a<span class=\"_ _7\"></span>s incom<span class=\"_ _7\"></span>e imme<span class=\"_ _7\"></span>diately<span class=\"_ _9\"></span>. Impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt loss<span class=\"_ _7\"></span>es reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in res<span class=\"_ _7\"></span>pect of go<span class=\"_ _7\"></span>odwil<span class=\"_ _7\"></span>l are <span class=\"ls8 ws4\"> </span>not subsequent<span class=\"_ _9\"></span>ly reversed<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>2.7 F<span class=\"_ _9\"></span>inancial as<span class=\"_ _7\"></span>sets and liabiliti<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span>The Group classifies it<span class=\"_ _9\"></span>s financial assets<span class=\"_ _9\"></span> in the f<span class=\"_ _9\"></span>ollowing<span class=\"_ _9\"></span> measurement cat<span class=\"_ _9\"></span>egories, which depends on t<span class=\"_ _9\"></span>he business mode<span class=\"_ _7\"></span>l for man<span class=\"_ _7\"></span>aging the fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>sets and the c<span class=\"_ _7\"></span>ontractu<span class=\"_ _7\"></span>al terms of the c<span class=\"_ _7\"></span>ash flows.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed cost: ass<span class=\"_ _7\"></span>ets that are he<span class=\"_ _7\"></span>ld for col<span class=\"_ _7\"></span>lectio<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span></span>of contrac<span class=\"_ _7\"></span>tual ca<span class=\"_ _7\"></span>sh flows wh<span class=\"_ _7\"></span>ere those c<span class=\"_ _7\"></span>ash flows repre<span class=\"_ _7\"></span>sent so<span class=\"_ _7\"></span>lely p<span class=\"_ _7\"></span>ayments of pr<span class=\"_ _7\"></span>incip<span class=\"_ _7\"></span>al and intere<span class=\"_ _7\"></span>st (SPPI<span class=\"_ _7\"></span>)<span class=\"_ _9\"></span>, <span class=\"_ _7\"></span>an<span class=\"_ _7\"></span>d th<span class=\"_ _7\"></span>at a<span class=\"_ _7\"></span>re not desi<span class=\"_ _7\"></span>gnated at fai<span class=\"_ _7\"></span>r value throu<span class=\"_ _7\"></span>gh pro<span class=\"_ _9\"></span>fit or loss (<span class=\"_ _9\"></span>F<span class=\"_ _7\"></span>VPL)<span class=\"_ _a\"></span>, are <span class=\"_ _7\"></span>meas<span class=\"_ _7\"></span>ured at <span class=\"_ _7\"></span>amor<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>. Interest i<span class=\"_ _7\"></span>ncome f<span class=\"_ _7\"></span>rom thes<span class=\"_ _7\"></span>e finan<span class=\"_ _7\"></span>cial as<span class=\"_ _7\"></span>sets is inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in interest i<span class=\"_ _7\"></span>ncom<span class=\"_ _7\"></span>e using the e<span class=\"_ _7\"></span>ffe<span class=\"_ _7\"></span>ctive intere<span class=\"_ _7\"></span>st rate method. Suc<span class=\"_ _7\"></span>h assets he<span class=\"_ _7\"></span>ld by the Group <span class=\"_ _9\"></span>include cash<span class=\"_ _9\"></span> and cash<span class=\"_ _9\"></span> equivalents<span class=\"_ _9\"></span>, receivables from<span class=\"_ _9\"></span> bro<span class=\"_ _7\"></span>kers, pre<span class=\"_ _7\"></span>payme<span class=\"_ _7\"></span>nts and accrued income<span class=\"_ _9\"></span>, r<span class=\"_ _9\"></span>eceivables and a<span class=\"_ _9\"></span>ccrued int<span class=\"_ _9\"></span>erest and<span class=\"_ _9\"></span> othe<span class=\"_ _7\"></span>r de<span class=\"_ _7\"></span>btors.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>F<span class=\"_ _9\"></span>air value t<span class=\"_ _9\"></span>hrough o<span class=\"_ _9\"></span>ther comprehensive<span class=\"_ _9\"></span> income (F<span class=\"_ _7\"></span>V<span class=\"_ _9\"></span>OCI)<span class=\"_ _9\"></span>:<span class=\"_ _9\"></span> </span>ass<span class=\"_ _7\"></span>ets that are he<span class=\"_ _7\"></span>ld for coll<span class=\"_ _7\"></span>ectio<span class=\"_ _7\"></span>n of contractu<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows and fo<span class=\"_ _7\"></span>r selli<span class=\"_ _7\"></span>ng the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets, and w<span class=\"_ _7\"></span>here the cas<span class=\"_ _7\"></span>h flows repre<span class=\"_ _7\"></span>sent SPPI, and that a<span class=\"_ _7\"></span>re not des<span class=\"_ _7\"></span>ignated <span class=\"ls8 ws4\"> </span>as F<span class=\"_ _7\"></span>VPL, are m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>red at F<span class=\"_ _7\"></span>VOCI. Movements i<span class=\"_ _7\"></span>n the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount a<span class=\"_ _7\"></span>re taken throu<span class=\"_ _7\"></span>gh OCI, except for the rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>tion of impai<span class=\"_ _7\"></span>rme<span class=\"_ _7\"></span>nt gains o<span class=\"_ _7\"></span>r losse<span class=\"_ _7\"></span>s, interest revenue a<span class=\"_ _7\"></span>nd forei<span class=\"_ _7\"></span>gn exchange g<span class=\"_ _7\"></span>ains a<span class=\"_ _7\"></span>nd loss<span class=\"_ _7\"></span>es whi<span class=\"_ _7\"></span>ch are rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed in profit o<span class=\"_ _7\"></span>r loss. W<span class=\"_ _7\"></span>hen the fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al ass<span class=\"_ _7\"></span>et is de<span class=\"_ _7\"></span>recog<span class=\"_ _7\"></span>nised, the c<span class=\"_ _7\"></span>umulati<span class=\"_ _7\"></span>ve gain or l<span class=\"_ _7\"></span>oss on the instrument\u2019<span class=\"_ _a\"></span>s amor<span class=\"_ _7\"></span>tised cost pr<span class=\"_ _9\"></span>eviously recognised in <span class=\"ls8 ws4\"> </span>OCI is re<span class=\"_ _7\"></span>clas<span class=\"_ _7\"></span>sifie<span class=\"_ _7\"></span>d from eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o profit o<span class=\"_ _7\"></span>r loss. Intere<span class=\"_ _7\"></span>st from th<span class=\"_ _7\"></span>ese fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets is i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>ed in intere<span class=\"_ _7\"></span>st inco<span class=\"_ _7\"></span>me usin<span class=\"_ _7\"></span>g the ef<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ve interest rate method. T<span class=\"_ _7\"></span>he Group d<span class=\"_ _7\"></span>oes not hold a<span class=\"_ _7\"></span>ny assets at F<span class=\"_ _7\"></span>VOCI a<span class=\"_ _7\"></span>s the busin<span class=\"_ _7\"></span>ess m<span class=\"_ _7\"></span>odel cri<span class=\"_ _7\"></span>teria are n<span class=\"_ _7\"></span>ot met.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Fair value thro<span class=\"_ _7\"></span>ugh profit or l<span class=\"_ _7\"></span>oss (F<span class=\"_ _7\"></span>VPL): assets th<span class=\"_ _7\"></span>at do </span>not mee<span class=\"_ _7\"></span>t the criter<span class=\"_ _7\"></span>ia for am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tised c<span class=\"_ _7\"></span>ost or F<span class=\"_ _7\"></span>VOCI are mea<span class=\"_ _7\"></span>sured at F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL. Assets ca<span class=\"_ _7\"></span>n also b<span class=\"_ _7\"></span>e desi<span class=\"_ _7\"></span>gnated <span class=\"ls8 ws4\"> </span>to FV<span class=\"_ _7\"></span>PL if in doin<span class=\"_ _7\"></span>g so it el<span class=\"_ _7\"></span>iminates, or si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>antly <span class=\"ls8 ws4\"> </span>redu<span class=\"_ _7\"></span>ces, an ac<span class=\"_ _7\"></span>counti<span class=\"_ _7\"></span>ng mismatch. Th<span class=\"_ _7\"></span>e gains o<span class=\"_ _7\"></span>r<span class=\"ls8 ws4\"> </span>los<span class=\"_ _7\"></span>ses ar<span class=\"_ _7\"></span>ising f<span class=\"_ _7\"></span>rom fair va<span class=\"_ _7\"></span>lue cha<span class=\"_ _7\"></span>nges o<span class=\"_ _7\"></span>n assets mea<span class=\"_ _7\"></span>sured at F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in profit or lo<span class=\"_ _7\"></span>ss <span class=\"ls8 ws4\"> </span>and p<span class=\"_ _7\"></span>resented w<span class=\"_ _7\"></span>ithin inves<span class=\"_ _7\"></span>tment res<span class=\"_ _7\"></span>ult in the p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span>in whi<span class=\"_ _7\"></span>ch they ar<span class=\"_ _7\"></span>ise. The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s inves<span class=\"_ _7\"></span>tment as<span class=\"_ _7\"></span>sets in <span class=\"ls8 ws4\"> </span>this ca<span class=\"_ _9\"></span>tegory include gov<span class=\"_ _9\"></span>ernme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span> bonds, corporat<span class=\"_ _9\"></span>e<span class=\"_ _9\"></span> bonds,<span class=\"_ _9\"></span> asset and mortgage-back<span class=\"_ _9\"></span>ed securities, o<span class=\"_ _9\"></span>ther<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>fixed income holdin<span class=\"_ _9\"></span>gs, equities,<span class=\"_ _9\"></span> investment<span class=\"_ _9\"></span> funds, insu<span class=\"_ _7\"></span>rance<span class=\"_ _7\"></span>-linked f<span class=\"_ _7\"></span>unds a<span class=\"_ _7\"></span>nd der<span class=\"_ _7\"></span>ivatives. A<span class=\"_ _7\"></span>ll these <span class=\"ls8 ws4\"> </span>ass<span class=\"_ _7\"></span>ets are at F<span class=\"_ _7\"></span>VPL be<span class=\"_ _7\"></span>cause of the b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss mo<span class=\"_ _7\"></span>del <span class=\"ls8 ws4\"> </span>test and th<span class=\"_ _7\"></span>e char<span class=\"_ _7\"></span>acteristi<span class=\"_ _7\"></span>cs of the ass<span class=\"_ _7\"></span>ociated <span class=\"ls8 ws4\"> </span>contr<span class=\"_ _9\"></span>actual cash<span class=\"_ _9\"></span> flows<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Recognition<span class=\"fc2 ls8 ws4\"> </span>The Group r<span class=\"_ _9\"></span>ecognises a financial asset or a<span class=\"_ _9\"></span> financial liability in its ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e sheet w<span class=\"_ _7\"></span>hen, and o<span class=\"_ _7\"></span>nly wh<span class=\"_ _7\"></span>en, it be<span class=\"_ _7\"></span>come<span class=\"_ _7\"></span>s a<span class=\"_ _304\"> </span>par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y to the contractu<span class=\"_ _7\"></span>al provis<span class=\"_ _7\"></span>ions of the in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nt. A<span class=\"_ _9\"></span>t ini<span class=\"_ _7\"></span>tial reco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n, the Group me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>s a finan<span class=\"_ _7\"></span>cial a<span class=\"_ _7\"></span>sset at its fa<span class=\"_ _7\"></span>ir value p<span class=\"_ _7\"></span>lus, in the c<span class=\"_ _7\"></span>ase of a fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>sset not at fa<span class=\"_ _7\"></span>ir value throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s, transa<span class=\"_ _7\"></span>ction co<span class=\"_ _7\"></span>sts that are inc<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>ntal and d<span class=\"_ _7\"></span>irectly at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e to the acquis<span class=\"_ _7\"></span>ition or is<span class=\"_ _7\"></span>sue of the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>sset. T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsactio<span class=\"_ _7\"></span>n costs of fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied <span class=\"ls8 ws4\"> </span>at F<span class=\"_ _7\"></span>VPL are exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>d in profit or lo<span class=\"_ _7\"></span>ss. (b<span class=\"_ _9\"></span>) Impairmen<span class=\"_ _9\"></span>t allow<span class=\"_ _9\"></span>ances<span class=\"_ _304\"> </span>An exp<span class=\"_ _7\"></span>ected cre<span class=\"_ _7\"></span>dit lo<span class=\"_ _7\"></span>ss (ECL) mod<span class=\"_ _7\"></span>el is ap<span class=\"_ _7\"></span>plica<span class=\"_ _7\"></span>ble for a<span class=\"_ _7\"></span>ll assets mea<span class=\"_ _7\"></span>sured at a<span class=\"_ _7\"></span>mor<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cost an<span class=\"_ _7\"></span>d F<span class=\"_ _7\"></span>V<span class=\"_ _9\"></span>OCI. T<span class=\"_ _7\"></span>he ass<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>ment of credi<span class=\"_ _7\"></span>t risk a<span class=\"_ _7\"></span>nd the es<span class=\"_ _7\"></span>timation of an ECL a<span class=\"_ _7\"></span>re unbi<span class=\"_ _7\"></span>ased, probability-<span class=\"_ _9\"></span>weight<span class=\"_ _9\"></span>ed and incorpora<span class=\"_ _9\"></span>te all<span class=\"_ _9\"></span> available<span class=\"_ _9\"></span> informati<span class=\"_ _9\"></span>on releva<span class=\"_ _7\"></span>nt t<span class=\"_ _9\"></span>o the a<span class=\"_ _7\"></span>sses<span class=\"_ _7\"></span>sme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, inc<span class=\"_ _7\"></span>ludin<span class=\"_ _7\"></span>g informati<span class=\"_ _7\"></span>on abou<span class=\"_ _7\"></span>t <span class=\"ls8 ws4\"> </span>past ev<span class=\"_ _9\"></span>ents<span class=\"_ _9\"></span>, current condit<span class=\"_ _9\"></span>ions and reasonable and<span class=\"_ _9\"></span> suppor<span class=\"_ _7\"></span>table f<span class=\"_ _9\"></span>orecasts o<span class=\"_ _9\"></span>f economic conditions<span class=\"_ _9\"></span> at the<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting date. The for<span class=\"_ _7\"></span>ward-l<span class=\"_ _7\"></span>ooki<span class=\"_ _7\"></span>ng aspe<span class=\"_ _7\"></span>ct of IFRS 9 <span class=\"ls8 ws4\"> </span>requ<span class=\"_ _7\"></span>ires jud<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt as to how chan<span class=\"_ _7\"></span>ges in e<span class=\"_ _7\"></span>cono<span class=\"_ _7\"></span>mic factors af<span class=\"_ _7\"></span>fect ECL<span class=\"_ _7\"></span>s. Impai<span class=\"_ _7\"></span>rment c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s are rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed in the <span class=\"ls8 ws4\"> </span>inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt withi<span class=\"_ _7\"></span>n operati<span class=\"_ _7\"></span>onal exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s.<span class=\"_ _9\"></span> The EC<span class=\"_ _7\"></span>L is a three<span class=\"_ _7\"></span>-stage mod<span class=\"_ _7\"></span>el bas<span class=\"_ _7\"></span>ed on for<span class=\"_ _7\"></span>ward-l<span class=\"_ _7\"></span>ooki<span class=\"_ _7\"></span>ng informat<span class=\"_ _9\"></span>ion regarding changes in credit quality since incept<span class=\"_ _9\"></span>ion.<span class=\"_ _9\"></span> Cred<span class=\"_ _7\"></span>it risk i<span class=\"_ _7\"></span>s meas<span class=\"_ _7\"></span>ured us<span class=\"_ _7\"></span>ing a proba<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y of defau<span class=\"_ _7\"></span>lt (PD)<span class=\"_ _9\"></span>; expos<span class=\"_ _7\"></span>ure at defau<span class=\"_ _7\"></span>lt (E<span class=\"_ _7\"></span>AD)<span class=\"_ _9\"></span>; and l<span class=\"_ _7\"></span>oss gi<span class=\"_ _7\"></span>ven defaul<span class=\"_ _7\"></span>t (L<span class=\"_ _9\"></span>GD) <span class=\"ls8 ws4\"> </span>as fo<span class=\"_ _7\"></span>llows.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>PD is an estim<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f the li<span class=\"_ _7\"></span>kelihoo<span class=\"_ _7\"></span>d of default of the a<span class=\"_ _7\"></span>sset. </span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>E<span class=\"_ _7\"></span>AD is a<span class=\"_ _7\"></span>n estimate of the expo<span class=\"_ _7\"></span>sure at that fu<span class=\"_ _7\"></span>ture defau<span class=\"_ _7\"></span>lt </span></span>date, takin<span class=\"_ _7\"></span>g into account ex<span class=\"_ _7\"></span>pected c<span class=\"_ _7\"></span>hange<span class=\"_ _7\"></span>s in the expos<span class=\"_ _7\"></span>ure af<span class=\"_ _7\"></span>ter the repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting date.<span class=\"_ _9\"></span> A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>L<span class=\"_ _9\"></span>GD is a<span class=\"_ _7\"></span>n estimate of the los<span class=\"_ _7\"></span>s aris<span class=\"_ _7\"></span>ing in the c<span class=\"_ _7\"></span>ase wh<span class=\"_ _7\"></span>ere a </span>defau<span class=\"_ _7\"></span>lt occu<span class=\"_ _7\"></span>rs at a give<span class=\"_ _7\"></span>n time. It is base<span class=\"_ _7\"></span>d on the di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> bet<span class=\"_ _7\"></span>ween the c<span class=\"_ _7\"></span>ontractu<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows due a<span class=\"_ _7\"></span>nd those that the Gro<span class=\"_ _7\"></span>up would exp<span class=\"_ _7\"></span>ect to rece<span class=\"_ _7\"></span>ive. It is usua<span class=\"_ _7\"></span>lly expre<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> as a pe<span class=\"_ _7\"></span>rcentag<span class=\"_ _7\"></span>e of the expos<span class=\"_ _7\"></span>ure at defaul<span class=\"_ _7\"></span>t.<span class=\"_ _304\"> </span>The th<span class=\"_ _7\"></span>ree stag<span class=\"_ _7\"></span>es of ECL are de<span class=\"_ _7\"></span>fined a<span class=\"_ _7\"></span>nd asse<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d as follows.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 1 \u2013 no s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e in credi<span class=\"_ _7\"></span>t risk s<span class=\"_ _7\"></span>ince </span>ince<span class=\"_ _7\"></span>ption, ECL is ca<span class=\"_ _7\"></span>lculated u<span class=\"_ _7\"></span>sing a 1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>-month PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 2 \u2013 a si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant inc<span class=\"_ _7\"></span>rease i<span class=\"_ _7\"></span>n credi<span class=\"_ _7\"></span>t risk si<span class=\"_ _7\"></span>nce </span>ince<span class=\"_ _7\"></span>ption, ECL is ca<span class=\"_ _7\"></span>lculated u<span class=\"_ _7\"></span>sing a lifeti<span class=\"_ _7\"></span>me PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 3 \u2013 c<span class=\"_ _7\"></span>redit im<span class=\"_ _7\"></span>paired, ECL is c<span class=\"_ _7\"></span>alcul<span class=\"_ _7\"></span>ated using <span class=\"ls8 ws4\"> </span></span>a lifetim<span class=\"_ _7\"></span>e PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt incre<span class=\"_ _7\"></span>ase in cre<span class=\"_ _7\"></span>dit ri<span class=\"_ _7\"></span>sk is con<span class=\"_ _7\"></span>side<span class=\"_ _7\"></span>red to have incurre<span class=\"_ _7\"></span>d whe<span class=\"_ _7\"></span>n payme<span class=\"_ _7\"></span>nts are 30 days pa<span class=\"_ _7\"></span>st due, or ea<span class=\"_ _7\"></span>rlie<span class=\"_ _7\"></span>r if other fac<span class=\"_ _7\"></span>tors indicat<span class=\"_ _9\"></span>e the risk has incr<span class=\"_ _9\"></span>eased significa<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ly since inception<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets a<span class=\"_ _7\"></span>re writ<span class=\"_ _7\"></span>ten of<span class=\"_ _7\"></span>f whe<span class=\"_ _7\"></span>n there is no re<span class=\"_ _7\"></span>ason<span class=\"_ _7\"></span>able expe<span class=\"_ _7\"></span>ctation of re<span class=\"_ _7\"></span>cover<span class=\"_ _7\"></span>y on a ca<span class=\"_ _7\"></span>se-by-cas<span class=\"_ _7\"></span>e basis.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>c) Derecognit<span class=\"_ _9\"></span>ion Financial assets<span class=\"_ _9\"></span> are derecognised when the<span class=\"_ _9\"></span> contract<span class=\"_ _9\"></span>ual rig<span class=\"_ _7\"></span>hts t<span class=\"_ _9\"></span>o rec<span class=\"_ _7\"></span>eive the c<span class=\"_ _7\"></span>ash flows f<span class=\"_ _7\"></span>rom the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets have expire<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span>; or th<span class=\"_ _7\"></span>ey have been tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>red and th<span class=\"_ _7\"></span>e Group tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> subs<span class=\"_ _7\"></span>tantial<span class=\"_ _7\"></span>ly all the r<span class=\"_ _7\"></span>isks an<span class=\"_ _7\"></span>d rewards of owner<span class=\"_ _7\"></span>ship; or they have bee<span class=\"_ _7\"></span>n transfe<span class=\"_ _7\"></span>rred a<span class=\"_ _7\"></span>nd the Grou<span class=\"_ _7\"></span>p neith<span class=\"_ _7\"></span>er trans<span class=\"_ _7\"></span>fers nor retain<span class=\"_ _7\"></span>s substa<span class=\"_ _7\"></span>ntiall<span class=\"_ _7\"></span>y all the ri<span class=\"_ _7\"></span>sks and reward<span class=\"_ _7\"></span>s of owners<span class=\"_ _7\"></span>hip an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> the Gro<span class=\"_ _7\"></span>up has not reta<span class=\"_ _7\"></span>ined c<span class=\"_ _7\"></span>ontrol. Any gai<span class=\"_ _7\"></span>n or loss a<span class=\"_ _7\"></span>risi<span class=\"_ _7\"></span>ng <span class=\"ls8 ws4\"> </span>from d<span class=\"_ _7\"></span>ereco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d direc<span class=\"_ _7\"></span>tly in profit or l<span class=\"_ _7\"></span>oss. <span class=\"ls8 ws4\"> </span>A financial liability is<span class=\"_ _9\"></span> derecognised when the obligat<span class=\"_ _9\"></span>ion under<span class=\"_ _9\"></span> that lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y is dis<span class=\"_ _7\"></span>charg<span class=\"_ _7\"></span>ed, canc<span class=\"_ _7\"></span>elle<span class=\"_ _7\"></span>d or expire<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>d) Inv<span class=\"_ _9\"></span>estment i<span class=\"_ _9\"></span>ncome<span class=\"_ _304\"> </span>The total g<span class=\"_ _7\"></span>ain/<span class=\"_ _7\"></span>loss f<span class=\"_ _7\"></span>rom fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets ca<span class=\"_ _7\"></span>rri<span class=\"_ _7\"></span>ed at fair va<span class=\"_ _7\"></span>lue throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s (F<span class=\"_ _7\"></span>VPL) is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed in profit o<span class=\"_ _7\"></span>r loss <span class=\"ls8 ws4\"> </span>and d<span class=\"_ _7\"></span>isclos<span class=\"_ _7\"></span>ed in the notes a<span class=\"_ _7\"></span>s investmen<span class=\"_ _7\"></span>t incom<span class=\"_ _7\"></span>e compr<span class=\"_ _7\"></span>ising int<span class=\"_ _9\"></span>erest<span class=\"_ _9\"></span> receiv<span class=\"_ _9\"></span>ed,<span class=\"_ _9\"></span> realised<span class=\"_ _9\"></span> gains/loss<span class=\"_ _9\"></span>es and unr<span class=\"_ _9\"></span>ealised<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>gains/los<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>e) Fi<span class=\"_ _9\"></span>nancial liabilities<span class=\"_ _304\"> </span>At<span class=\"_ _9\"></span> initial recognition<span class=\"_ _9\"></span>, the<span class=\"_ _9\"></span> Group classifies a financial l<span class=\"_ _9\"></span>iabilit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span> at fair va<span class=\"_ _7\"></span>lue and s<span class=\"_ _7\"></span>ubseq<span class=\"_ _7\"></span>uentl<span class=\"_ _7\"></span>y at amor<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cost us<span class=\"_ _7\"></span>ing the effective int<span class=\"_ _9\"></span>erest ra<span class=\"_ _9\"></span>te me<span class=\"_ _9\"></span>thod.<span class=\"_ _9\"></span> Financial liabilities mainly<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>include pa<span class=\"_ _9\"></span>yables t<span class=\"_ _9\"></span>o brok<span class=\"_ _9\"></span>erage cust<span class=\"_ _9\"></span>omers, short<span class=\"_ _9\"></span>-t<span class=\"_ _9\"></span>erm borrowings<span class=\"_ _9\"></span>, long-<span class=\"_ _9\"></span>term borrowings<span class=\"_ _9\"></span> and bonds pay<span class=\"_ _9\"></span>able.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>n all or p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>t of the cur<span class=\"_ _7\"></span>rent obli<span class=\"_ _7\"></span>gations of a fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l <span class=\"ls8 ws4\"> </span>lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y have bee<span class=\"_ _7\"></span>n disch<span class=\"_ _7\"></span>arge<span class=\"_ _7\"></span>d, t<span class=\"_ _9\"></span>he G<span class=\"_ _7\"></span>roup de<span class=\"_ _7\"></span>recog<span class=\"_ _7\"></span>nise<span class=\"_ _7\"></span>s the por<span class=\"_ _7\"></span>tion<span class=\"_ _9\"></span> of t<span class=\"_ _9\"></span>he financial liability or obligat<span class=\"_ _9\"></span>ion that<span class=\"_ _9\"></span> has been disc<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>d. The dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rence b<span class=\"_ _7\"></span>etwe<span class=\"_ _7\"></span>en the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g amou<span class=\"_ _7\"></span>nt of<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>the derecognised l<span class=\"_ _9\"></span>iability and the considerat<span class=\"_ _9\"></span>ion is recognised<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>in profit o<span class=\"_ _7\"></span>r loss.<span class=\"_ _304\"> </span>Der<span class=\"_ _7\"></span>ivative fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l liabi<span class=\"_ _7\"></span>lities a<span class=\"_ _7\"></span>re mea<span class=\"_ _7\"></span>sured at fa<span class=\"_ _7\"></span>ir value <span class=\"ls8 ws4\"> </span>throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s. All the re<span class=\"_ _7\"></span>lated real<span class=\"_ _7\"></span>ised an<span class=\"_ _7\"></span>d unrea<span class=\"_ _7\"></span>lised gai<span class=\"_ _7\"></span>ns or los<span class=\"_ _7\"></span>ses an<span class=\"_ _7\"></span>d transac<span class=\"_ _7\"></span>tion cos<span class=\"_ _7\"></span>ts are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in <span class=\"ls8 ws4\"> </span>profit<span class=\"_ _7\"></span> or los<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>2.<span class=\"_ _7\"></span>8 Cas<span class=\"_ _7\"></span>h and c<span class=\"_ _7\"></span>ash e<span class=\"_ _7\"></span>quiva<span class=\"_ _7\"></span>lents<span class=\"_ _304\"> </span>The Group has<span class=\"_ _9\"></span> classified cash deposits and short<span class=\"_ _9\"></span>-t<span class=\"_ _9\"></span>erm <span class=\"ls8 ws4\"> </span>high<span class=\"_ _7\"></span>ly liqu<span class=\"_ _7\"></span>id investme<span class=\"_ _7\"></span>nts as cas<span class=\"_ _7\"></span>h and c<span class=\"_ _7\"></span>ash eq<span class=\"_ _7\"></span>uivale<span class=\"_ _7\"></span>nts.<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>The<span class=\"_ _7\"></span>se as<span class=\"_ _7\"></span>sets are read<span class=\"_ _7\"></span>ily conve<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tible into know<span class=\"_ _7\"></span>n amounts of <span class=\"ls8 ws4\"> </span>cas<span class=\"_ _7\"></span>h and are s<span class=\"_ _7\"></span>ubjec<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o in<span class=\"_ _7\"></span>conse<span class=\"_ _7\"></span>quenti<span class=\"_ _7\"></span>al cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n value. <span class=\"ls8 ws4\"> </span>Cash e<span class=\"_ _7\"></span>quiva<span class=\"_ _7\"></span>lents are fi<span class=\"_ _7\"></span>nanci<span class=\"_ _7\"></span>al investm<span class=\"_ _7\"></span>ents with l<span class=\"_ _7\"></span>ess tha<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span>three m<span class=\"_ _7\"></span>onths to maturit<span class=\"_ _7\"></span>y at the date of acqu<span class=\"_ _7\"></span>isitio<span class=\"_ _7\"></span>n.<span class=\"_ _304\"> </span>2.9 Der<span class=\"_ _7\"></span>ivativ<span class=\"_ _9\"></span>e financial instrument<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>Der<span class=\"_ _7\"></span>ivatives a<span class=\"_ _7\"></span>re initia<span class=\"_ _7\"></span>lly rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed at fair va<span class=\"_ _7\"></span>lue on the d<span class=\"_ _7\"></span>ate on<span class=\"_ _9\"></span> whi<span class=\"_ _7\"></span>ch a der<span class=\"_ _7\"></span>ivative contr<span class=\"_ _7\"></span>act is entere<span class=\"_ _7\"></span>d into and are su<span class=\"_ _7\"></span>bsequ<span class=\"_ _7\"></span>ently value<span class=\"_ _7\"></span>d at fair val<span class=\"_ _7\"></span>ue at eac<span class=\"_ _7\"></span>h balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et date. F<span class=\"_ _9\"></span>ai<span class=\"_ _7\"></span>r value<span class=\"_ _7\"></span>s are obtai<span class=\"_ _7\"></span>ned from q<span class=\"_ _7\"></span>uoted mar<span class=\"_ _7\"></span>ket v<span class=\"_ _9\"></span>al<span class=\"_ _7\"></span>ues a<span class=\"_ _7\"></span>nd, if these a<span class=\"_ _7\"></span>re not availab<span class=\"_ _7\"></span>le, valuation<span class=\"_ _9\"></span> techniques including op<span class=\"_ _9\"></span>tion pricing models are used<span class=\"_ _9\"></span> as app<span class=\"_ _7\"></span>ropriate. The m<span class=\"_ _7\"></span>ethod of rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ing the res<span class=\"_ _7\"></span>ulting g<span class=\"_ _7\"></span>ain or los<span class=\"_ _7\"></span>s dep<span class=\"_ _7\"></span>ends o<span class=\"_ _7\"></span>n whethe<span class=\"_ _7\"></span>r the der<span class=\"_ _7\"></span>ivative is de<span class=\"_ _7\"></span>sign<span class=\"_ _7\"></span>ated as a hed<span class=\"_ _7\"></span>ging instr<span class=\"_ _7\"></span>ument a<span class=\"_ _7\"></span>nd, if so, the nature of the item be<span class=\"_ _7\"></span>ing he<span class=\"_ _7\"></span>dged. For der<span class=\"_ _7\"></span>ivatives n<span class=\"_ _7\"></span>ot formal<span class=\"_ _7\"></span>ly des<span class=\"_ _7\"></span>ignated as a h<span class=\"_ _7\"></span>edgin<span class=\"_ _7\"></span>g instru<span class=\"_ _7\"></span>ment, fair value c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>es are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised im<span class=\"_ _7\"></span>mediatel<span class=\"_ _7\"></span>y in the con<span class=\"_ _7\"></span>solid<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt. Change<span class=\"_ _7\"></span>s in the val<span class=\"_ _7\"></span>ue of der<span class=\"_ _7\"></span>ivatives an<span class=\"_ _7\"></span>d other<span class=\"_ _9\"></span> financial instruments<span class=\"_ _9\"></span> formally designat<span class=\"_ _9\"></span>ed as hedges of<span class=\"_ _9\"></span> net investme<span class=\"_ _7\"></span>nts in forei<span class=\"_ _7\"></span>gn ope<span class=\"_ _7\"></span>rations are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in th<span class=\"_ _7\"></span>e curre<span class=\"_ _7\"></span>ncy trans<span class=\"_ _7\"></span>lation res<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ve to the extent they a<span class=\"_ _7\"></span>re ef<span class=\"_ _7\"></span>fective; gain<span class=\"_ _7\"></span>s or loss<span class=\"_ _7\"></span>es relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o the i<span class=\"_ _7\"></span>nef<span class=\"_ _7\"></span>fective p<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tion of the he<span class=\"_ _7\"></span>dging i<span class=\"_ _7\"></span>nstrum<span class=\"_ _7\"></span>ents are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d imme<span class=\"_ _7\"></span>diately in th<span class=\"_ _7\"></span>e conso<span class=\"_ _7\"></span>lidated inc<span class=\"_ _7\"></span>ome statem<span class=\"_ _7\"></span>ent.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup had n<span class=\"_ _7\"></span>o deri<span class=\"_ _7\"></span>vative instru<span class=\"_ _7\"></span>ments d<span class=\"_ _7\"></span>esign<span class=\"_ _7\"></span>ated for hed<span class=\"_ _7\"></span>ge accounting during<span class=\"_ _9\"></span> the current and prior financial y<span class=\"_ _9\"></span>ear<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>2.<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>0 Own s<span class=\"_ _7\"></span>har<span class=\"_ _7\"></span>es<span class=\"_ _304\"> </span>Where any<span class=\"_ _9\"></span> Group company<span class=\"_ _9\"></span> purchases the P<span class=\"_ _9\"></span>arent Compan<span class=\"_ _9\"></span>y\u2019<span class=\"_ _a\"></span>s equ<span class=\"_ _7\"></span>ity s<span class=\"_ _7\"></span>hare ca<span class=\"_ _7\"></span>pita<span class=\"_ _7\"></span>l (<span class=\"_ _9\"></span>own sh<span class=\"_ _7\"></span>ares)<span class=\"_ _9\"></span>, the co<span class=\"_ _7\"></span>nside<span class=\"_ _7\"></span>ration pa<span class=\"_ _7\"></span>id,<span class=\"_ _9\"></span> incl<span class=\"_ _7\"></span>uding a<span class=\"_ _7\"></span>ny directl<span class=\"_ _7\"></span>y attri<span class=\"_ _7\"></span>butab<span class=\"_ _7\"></span>le incre<span class=\"_ _7\"></span>menta<span class=\"_ _7\"></span>l costs (net of inco<span class=\"_ _7\"></span>me ta<span class=\"_ _7\"></span>xes) is dedu<span class=\"_ _7\"></span>cted from e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble to the Company\u2019<span class=\"_ _a\"></span>s owners on<span class=\"_ _9\"></span> consolidation<span class=\"_ _9\"></span>. Where such shar<span class=\"_ _9\"></span>es are subs<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>ntly sold, re<span class=\"_ _7\"></span>issue<span class=\"_ _7\"></span>d or other<span class=\"_ _7\"></span>wi<span class=\"_ _7\"></span>se disp<span class=\"_ _7\"></span>osed of, any<span class=\"_ _9\"></span> cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>ation rec<span class=\"_ _7\"></span>eived is i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>ed in eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y attri<span class=\"_ _7\"></span>butab<span class=\"_ _7\"></span>le to the Com<span class=\"_ _7\"></span>pany\u2019<span class=\"_ _9\"></span>s owners, n<span class=\"_ _7\"></span>et of any direc<span class=\"_ _7\"></span>tly attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble inc<span class=\"_ _7\"></span>rement<span class=\"_ _7\"></span>al <span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>trans<span class=\"_ _7\"></span>action c<span class=\"_ _7\"></span>osts and th<span class=\"_ _7\"></span>e related ta<span class=\"_ _7\"></span>x ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>ts.<span class=\"_ _304\"> </span>2.<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span> Insurance and reinsura<span class=\"_ _7\"></span>nce con<span class=\"_ _9\"></span>tract<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>The accounting polic<span class=\"_ _9\"></span>y set out below<span class=\"_ _9\"></span> is applicable to<span class=\"_ _9\"></span> insurance and re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts that are i<span class=\"_ _7\"></span>ssue<span class=\"_ _7\"></span>d by the Group <span class=\"ls8 ws4\"> </span>and reinsurance<span class=\"_ _9\"></span> contracts<span class=\"_ _9\"></span> held by<span class=\"_ _9\"></span> the Group unless<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>indicat<span class=\"_ _9\"></span>ed otherw<span class=\"_ _7\"></span>ise<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Classification<span class=\"_ _304\"> </span>Insurance cont<span class=\"_ _9\"></span>racts ar<span class=\"_ _9\"></span>e defined as t<span class=\"_ _9\"></span>hose containing si<span class=\"_ _9\"></span>gnificant insu<span class=\"_ _7\"></span>rance r<span class=\"_ _7\"></span>isk. Si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant insu<span class=\"_ _7\"></span>rance r<span class=\"_ _7\"></span>isk cr<span class=\"_ _7\"></span>iteria a<span class=\"_ _7\"></span>re met if,<span class=\"_ _9\"></span> and o<span class=\"_ _7\"></span>nly if, an insure<span class=\"_ _7\"></span>d event cou<span class=\"_ _7\"></span>ld caus<span class=\"_ _7\"></span>e an insu<span class=\"_ _7\"></span>rer to make significant additional pa<span class=\"_ _9\"></span>yments in an<span class=\"_ _9\"></span>y scenario, e<span class=\"_ _9\"></span>xcluding<span class=\"_ _9\"></span> sce<span class=\"_ _7\"></span>nari<span class=\"_ _7\"></span>os that lac<span class=\"_ _7\"></span>k comme<span class=\"_ _7\"></span>rcial s<span class=\"_ _7\"></span>ubsta<span class=\"_ _7\"></span>nce, at the ince<span class=\"_ _7\"></span>ption <span class=\"ls8 ws4\"> </span>of t<span class=\"_ _9\"></span>he contra<span class=\"_ _9\"></span>ct. Such<span class=\"_ _9\"></span> contract<span class=\"_ _9\"></span>s remain insurance<span class=\"_ _9\"></span> contracts<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>until al<span class=\"_ _7\"></span>l rights a<span class=\"_ _7\"></span>nd obli<span class=\"_ _7\"></span>gations a<span class=\"_ _7\"></span>re exting<span class=\"_ _7\"></span>uishe<span class=\"_ _7\"></span>d or expire.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup is<span class=\"_ _7\"></span>sues s<span class=\"_ _7\"></span>hor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-term ca<span class=\"_ _7\"></span>sualt<span class=\"_ _7\"></span>y an<span class=\"_ _7\"></span>d proper<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y <span class=\"ls8 ws4\"> </span>(r<span class=\"_ _9\"></span>e)in<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s in the<span class=\"_ _9\"></span> normal course of<span class=\"_ _9\"></span> business, und<span class=\"_ _7\"></span>er whic<span class=\"_ _7\"></span>h it acc<span class=\"_ _7\"></span>epts sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt insura<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk from i<span class=\"_ _7\"></span>ts<span class=\"_ _9\"></span> poli<span class=\"_ _7\"></span>cyhol<span class=\"_ _7\"></span>ders. T<span class=\"_ _7\"></span>he Grou<span class=\"_ _7\"></span>p also e<span class=\"_ _7\"></span>nters into cede<span class=\"_ _7\"></span>d reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> contra<span class=\"_ _7\"></span>cts with rei<span class=\"_ _7\"></span>nsurer<span class=\"_ _7\"></span>s, unde<span class=\"_ _7\"></span>r which th<span class=\"_ _7\"></span>e Group tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt insura<span class=\"_ _7\"></span>nce r<span class=\"_ _7\"></span>isk to reinsure<span class=\"_ _7\"></span>rs an<span class=\"_ _7\"></span>d is comp<span class=\"_ _7\"></span>ensated <span class=\"ls8 ws4\"> </span>for claims<span class=\"_ _9\"></span> on contract<span class=\"_ _9\"></span>s issued b<span class=\"_ _9\"></span>y the Group<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(b<span class=\"_ _9\"></span>) Separating<span class=\"_ _9\"></span> components<span class=\"_ _304\"> </span>The Group assesses its insurance and r<span class=\"_ _9\"></span>einsurance products<span class=\"_ _9\"></span> t<span class=\"_ _9\"></span>o determine<span class=\"_ _9\"></span> whether the<span class=\"_ _9\"></span>y contain dist<span class=\"_ _9\"></span>inct components<span class=\"_ _9\"></span> which must b<span class=\"_ _7\"></span>e accou<span class=\"_ _7\"></span>nted for unde<span class=\"_ _7\"></span>r anothe<span class=\"_ _7\"></span>r IFRS instead of un<span class=\"_ _7\"></span>der IFRS 1<span class=\"_ _a\"></span>7<span class=\"_ _20\"></span>. Af<span class=\"_ _7\"></span>ter se<span class=\"_ _7\"></span>paratin<span class=\"_ _7\"></span>g any distin<span class=\"_ _7\"></span>ct comp<span class=\"_ _7\"></span>onents, the G<span class=\"_ _7\"></span>roup app<span class=\"_ _7\"></span>lies IFR<span class=\"_ _7\"></span>S 1<span class=\"_ _a\"></span>7 t<span class=\"_ _9\"></span>o al<span class=\"_ _7\"></span>l remai<span class=\"_ _7\"></span>ning co<span class=\"_ _7\"></span>mpone<span class=\"_ _7\"></span>nts of the (host) insurance cont<span class=\"_ _9\"></span>ract<span class=\"_ _9\"></span>. Currently<span class=\"_ _a\"></span>, the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> products do<span class=\"_ _9\"></span> not<span class=\"_ _9\"></span> include any di<span class=\"_ _9\"></span>stinct components t<span class=\"_ _9\"></span>hat require<span class=\"_ _9\"></span> separation.<span class=\"_ _304\"> </span>Some reinsur<span class=\"_ _9\"></span>ance contract<span class=\"_ _9\"></span>s issued contain pr<span class=\"_ _9\"></span>ofit commission<span class=\"_ _9\"></span> arrangem<span class=\"_ _9\"></span>ents<span class=\"_ _9\"></span>. Under<span class=\"_ _9\"></span> these<span class=\"_ _9\"></span> arrangemen<span class=\"_ _9\"></span>ts<span class=\"_ _9\"></span>, th<span class=\"_ _9\"></span>ere is<span class=\"_ _9\"></span> a<span class=\"_ _9\"></span> guaranteed minimum<span class=\"_ _9\"></span> amount that t<span class=\"_ _9\"></span>he policyholder will alwa<span class=\"_ _9\"></span>ys receive \u2013<span class=\"_ _9\"></span> either in the<span class=\"_ _9\"></span> form of<span class=\"_ _9\"></span> profit commission<span class=\"_ _9\"></span>, or as clai<span class=\"_ _9\"></span>ms,<span class=\"_ _9\"></span> or an<span class=\"_ _7\"></span>other contr<span class=\"_ _7\"></span>actual pay<span class=\"_ _7\"></span>ment ir<span class=\"_ _7\"></span>respe<span class=\"_ _7\"></span>ctive of the in<span class=\"_ _7\"></span>sured event<span class=\"_ _9\"></span> happening. The guarant<span class=\"_ _9\"></span>eed minimum amounts ha<span class=\"_ _9\"></span>ve bee<span class=\"_ _7\"></span>n ass<span class=\"_ _7\"></span>esse<span class=\"_ _7\"></span>d to be highl<span class=\"_ _7\"></span>y interrel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed w<span class=\"_ _7\"></span>ith the ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e component of<span class=\"_ _9\"></span> the reinsur<span class=\"_ _9\"></span>ance contract<span class=\"_ _9\"></span>s and are<span class=\"_ _9\"></span>, there<span class=\"_ _9\"></span>fore<span class=\"_ _9\"></span>, non-distinct<span class=\"_ _9\"></span> investment<span class=\"_ _9\"></span> components which are no<span class=\"_ _9\"></span>t accounted<span class=\"_ _9\"></span> for se<span class=\"_ _7\"></span>parately<span class=\"_ _9\"></span>. However<span class=\"_ _a\"></span>, re<span class=\"_ _7\"></span>ceipts an<span class=\"_ _7\"></span>d paymen<span class=\"_ _7\"></span>ts of these inv<span class=\"_ _9\"></span>estment components<span class=\"_ _9\"></span> are ex<span class=\"_ _9\"></span>cluded from<span class=\"_ _9\"></span> insurance <span class=\"ls8 ws4\"> </span>service re<span class=\"_ _9\"></span>venue<span class=\"_ _9\"></span> and e<span class=\"_ _9\"></span>xpenses<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(c<span class=\"_ _9\"></span>) Level of agg<span class=\"_ _7\"></span>regation<span class=\"_ _304\"> </span>Insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts a<span class=\"_ _7\"></span>re aggreg<span class=\"_ _7\"></span>ated into groups for mea<span class=\"_ _7\"></span>surem<span class=\"_ _7\"></span>ent pur<span class=\"_ _7\"></span>pose<span class=\"_ _7\"></span>s. The leve<span class=\"_ _7\"></span>l of aggregati<span class=\"_ _7\"></span>on for the <span class=\"ls8 ws4\"> </span>Grou<span class=\"_ _7\"></span>p is determi<span class=\"_ _7\"></span>ned fir<span class=\"_ _7\"></span>stly by groupi<span class=\"_ _7\"></span>ng contra<span class=\"_ _7\"></span>cts into por<span class=\"_ _7\"></span>tfo<span class=\"_ _7\"></span>lios whi<span class=\"_ _7\"></span>ch, with som<span class=\"_ _7\"></span>e limited exceptio<span class=\"_ _7\"></span>ns, are set as the re<span class=\"_ _7\"></span>ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ing classes of each<span class=\"_ _9\"></span> legal entity<span class=\"_ _9\"></span>. P<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>tfolios comprise<span class=\"_ _9\"></span> groups o<span class=\"_ _9\"></span>f contra<span class=\"_ _7\"></span>cts with si<span class=\"_ _7\"></span>milar r<span class=\"_ _7\"></span>isks wh<span class=\"_ _7\"></span>ich are ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>og<span class=\"_ _7\"></span>ether<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> Portfolios are further divided based on e<span class=\"_ _9\"></span>xpected pro<span class=\"_ _9\"></span>fitability <span class=\"ls8 ws4\"> </span>at incep<span class=\"_ _9\"></span>tion int<span class=\"_ _9\"></span>o t<span class=\"_ _9\"></span>hree cat<span class=\"_ _9\"></span>egorie<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>: onerous<span class=\"_ _9\"></span> contracts<span class=\"_ _9\"></span>, <span class=\"ls8 ws4\"> </span>contract<span class=\"_ _9\"></span>s with no<span class=\"_ _9\"></span> significant risk o<span class=\"_ _9\"></span>f becoming onerous,<span class=\"_ _9\"></span> and<span class=\"ls8 ws4\"> </span>the rem<span class=\"_ _7\"></span>ainde<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>. No g<span class=\"_ _7\"></span>roup for level of ag<span class=\"_ _7\"></span>gregatio<span class=\"_ _7\"></span>n purp<span class=\"_ _7\"></span>oses <span class=\"ls8 ws4\"> </span>may cont<span class=\"_ _7\"></span>ain contr<span class=\"_ _7\"></span>acts issu<span class=\"_ _7\"></span>ed more th<span class=\"_ _7\"></span>an one ye<span class=\"_ _7\"></span>ar apa<span class=\"_ _7\"></span>rt. <span class=\"ls8 ws4\"> </span>The grouping<span class=\"_ _9\"></span> of cont<span class=\"_ _9\"></span>racts is<span class=\"_ _9\"></span> not subsequent<span class=\"_ _9\"></span>ly reconsidered.<span class=\"_ _304\"> </span>A group of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts is cons<span class=\"_ _7\"></span>idere<span class=\"_ _7\"></span>d to be onerou<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> at initi<span class=\"_ _7\"></span>al reco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n if the fu<span class=\"_ _7\"></span>lfilme<span class=\"_ _7\"></span>nt cash fl<span class=\"_ _7\"></span>ows alloc<span class=\"_ _7\"></span>ated to<span class=\"_ _9\"></span> that grou<span class=\"_ _7\"></span>p of contracts in total a<span class=\"_ _7\"></span>re a net out<span class=\"_ _7\"></span>flow<span class=\"_ _9\"></span>. That is i<span class=\"_ _7\"></span>f the pres<span class=\"_ _7\"></span>ent valu<span class=\"_ _7\"></span>e of expected c<span class=\"_ _7\"></span>laims, at<span class=\"_ _7\"></span>tribu<span class=\"_ _7\"></span>tabl<span class=\"_ _7\"></span>e expens<span class=\"_ _7\"></span>es and ris<span class=\"_ _7\"></span>k adjustm<span class=\"_ _7\"></span>ent exceed<span class=\"_ _7\"></span>s the premi<span class=\"_ _7\"></span>um.<span class=\"_ _304\"> </span>Por<span class=\"_ _7\"></span>tfol<span class=\"_ _7\"></span>ios of reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts held a<span class=\"_ _7\"></span>re asse<span class=\"_ _7\"></span>ssed fo<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> aggre<span class=\"_ _7\"></span>gation se<span class=\"_ _7\"></span>paratel<span class=\"_ _7\"></span>y from por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio<span class=\"_ _7\"></span>s of insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts issued. Rein<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s held cannot<span class=\"_ _9\"></span> be onerous.<span class=\"_ _9\"></span> (<span class=\"_ _9\"></span>d) Recognition and derecognit<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span>Grou<span class=\"_ _7\"></span>ps of insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts iss<span class=\"_ _7\"></span>ued are i<span class=\"_ _7\"></span>nitial<span class=\"_ _7\"></span>ly reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d from th<span class=\"_ _7\"></span>e earl<span class=\"_ _7\"></span>iest of the fo<span class=\"_ _7\"></span>llowing:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the beg<span class=\"_ _7\"></span>inning of the c<span class=\"_ _7\"></span>overage p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the date wh<span class=\"_ _7\"></span>en the fir<span class=\"_ _7\"></span>st payme<span class=\"_ _7\"></span>nt from the po<span class=\"_ _7\"></span>licyh<span class=\"_ _7\"></span>olde<span class=\"_ _7\"></span>r is </span></span>due, or ac<span class=\"_ _7\"></span>tually re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>ved if there i<span class=\"_ _7\"></span>s no due date; and A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>when th<span class=\"_ _7\"></span>e Group de<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>s that a group of c<span class=\"_ _7\"></span>ontracts </span>becomes onerous.<span class=\"_ _9\"></span> Insurance cont<span class=\"_ _9\"></span>racts a<span class=\"_ _9\"></span>cquired in a<span class=\"_ _9\"></span> business combination<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>withi<span class=\"_ _7\"></span>n the scop<span class=\"_ _7\"></span>e of IFRS 3 <span class=\"ff68 ls7c ws89\">Business Combinations</span><span class=\"ls8 wsb4\"> or a <span class=\"_ _7\"></span><span class=\"ws4\"> </span></span>por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio tra<span class=\"_ _7\"></span>nsfer are a<span class=\"_ _7\"></span>ccou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed fo<span class=\"_ _7\"></span>r as if they were e<span class=\"_ _7\"></span>ntered <span class=\"ls8 ws4\"> </span>into at the date of acquis<span class=\"_ _7\"></span>ition or tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> Rei<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts held a<span class=\"_ _7\"></span>re reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as follows:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>a group of rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contrac<span class=\"_ _7\"></span>ts held th<span class=\"_ _7\"></span>at provide </span>propo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tionate coverag<span class=\"_ _7\"></span>e is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d at the later of the follo<span class=\"_ _9\"></span>wing dat<span class=\"_ _9\"></span>es (unless underlying con<span class=\"_ _9\"></span>tracts<span class=\"_ _9\"></span> are onerous<span class=\"_ _9\"></span>, in which case earlier recognition is r<span class=\"_ _9\"></span>equired)<span class=\"_ _9\"></span>:  A<span class=\"ff5f ls77 ws41\"> <span class=\"_ _24\"></span>th<span class=\"_ _7\"></span>e begi<span class=\"_ _7\"></span>nning of the c<span class=\"_ _7\"></span>overage pe<span class=\"_ _7\"></span>rio<span class=\"_ _7\"></span>d of the group; and </span> A<span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>the initial r<span class=\"_ _9\"></span>ecognition of<span class=\"_ _9\"></span> any underlying <span class=\"ls8 ws4\"> </span></span>insurance co<span class=\"_ _7\"></span>ntract<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>all other g<span class=\"_ _7\"></span>roups of reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts held a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> </span>reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d from the b<span class=\"_ _7\"></span>egin<span class=\"_ _7\"></span>ning of the cover<span class=\"_ _7\"></span>age pe<span class=\"_ _7\"></span>riod <span class=\"ls8 ws4\"> </span>of t<span class=\"_ _9\"></span>he group o<span class=\"_ _9\"></span>f reinsurance<span class=\"_ _9\"></span> contracts<span class=\"_ _9\"></span> held;<span class=\"_ _9\"></span> unless the Grou<span class=\"_ _7\"></span>p entered into the rei<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce contr<span class=\"_ _7\"></span>act hel<span class=\"_ _7\"></span>d at or before the d<span class=\"_ _7\"></span>ate when an o<span class=\"_ _7\"></span>nerou<span class=\"_ _7\"></span>s group of und<span class=\"_ _7\"></span>erl<span class=\"_ _7\"></span>ying contra<span class=\"_ _7\"></span>cts is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d prio<span class=\"_ _7\"></span>r t<span class=\"_ _9\"></span>o the b<span class=\"_ _7\"></span>egin<span class=\"_ _7\"></span>ning of the coverag<span class=\"_ _7\"></span>e per<span class=\"_ _7\"></span>iod of the grou<span class=\"_ _7\"></span>p of reinsura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts hel<span class=\"_ _7\"></span>d, in which c<span class=\"_ _7\"></span>ase the re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntract he<span class=\"_ _7\"></span>ld is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d at the sa<span class=\"_ _7\"></span>me time as th<span class=\"_ _7\"></span>e group of und<span class=\"_ _7\"></span>erly<span class=\"_ _7\"></span>ing insurance cont<span class=\"_ _9\"></span>racts is<span class=\"_ _9\"></span> recognised.<span class=\"_ _304\"> </span>Onl<span class=\"_ _7\"></span>y contrac<span class=\"_ _7\"></span>ts that indi<span class=\"_ _7\"></span>vidua<span class=\"_ _7\"></span>lly me<span class=\"_ _7\"></span>et the rec<span class=\"_ _7\"></span>ognitio<span class=\"_ _7\"></span>n criter<span class=\"_ _7\"></span>ia by the end of the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d are incl<span class=\"_ _7\"></span>uded i<span class=\"_ _7\"></span>n the groups. When contract<span class=\"_ _9\"></span>s meet the<span class=\"_ _9\"></span> recognition crit<span class=\"_ _9\"></span>eria in the gr<span class=\"_ _9\"></span>oups after<span class=\"_ _9\"></span> the rep<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>ting date, they are adde<span class=\"_ _7\"></span>d to the groups in th<span class=\"_ _7\"></span>e repor<span class=\"_ _7\"></span>ting period in which t<span class=\"_ _9\"></span>hey meet t<span class=\"_ _9\"></span>he recognition crit<span class=\"_ _9\"></span>eria. Composition<span class=\"_ _9\"></span> of t<span class=\"_ _9\"></span>he groups is<span class=\"_ _9\"></span> not reassessed in subsequent periods.<span class=\"_ _304\"> </span>An in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>ct is dere<span class=\"_ _7\"></span>cog<span class=\"_ _7\"></span>nised w<span class=\"_ _7\"></span>hen it i<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>exting<span class=\"_ _7\"></span>uishe<span class=\"_ _7\"></span>d (that is, whe<span class=\"_ _7\"></span>n the obli<span class=\"_ _7\"></span>gation sp<span class=\"_ _7\"></span>ecifi<span class=\"_ _7\"></span>ed in the </span>insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontract exp<span class=\"_ _7\"></span>ires or i<span class=\"_ _7\"></span>s disch<span class=\"_ _7\"></span>arged o<span class=\"_ _7\"></span>r canc<span class=\"_ _7\"></span>elle<span class=\"_ _7\"></span>d)<span class=\"_ _9\"></span>; or<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the contrac<span class=\"_ _7\"></span>t is modi<span class=\"_ _7\"></span>fied suc<span class=\"_ _7\"></span>h that the mod<span class=\"_ _7\"></span>ificatio<span class=\"_ _7\"></span>n resul<span class=\"_ _7\"></span>ts<span class=\"_ _9\"></span> </span>in a cha<span class=\"_ _7\"></span>nge in th<span class=\"_ _7\"></span>e meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt mode<span class=\"_ _7\"></span>l, for example: GMM, o<span class=\"_ _7\"></span>r the appl<span class=\"_ _7\"></span>icab<span class=\"_ _7\"></span>le stand<span class=\"_ _7\"></span>ard for me<span class=\"_ _7\"></span>asur<span class=\"_ _7\"></span>ing a component of<span class=\"_ _9\"></span> the cont<span class=\"_ _9\"></span>ract,<span class=\"_ _9\"></span> substantially<span class=\"_ _9\"></span> changes the contract<span class=\"_ _9\"></span> boundar<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, or requir<span class=\"_ _9\"></span>es the modified cont<span class=\"_ _9\"></span>racts<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>to be inclu<span class=\"_ _7\"></span>ded in a di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferent g<span class=\"_ _7\"></span>roup.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>n a modi<span class=\"_ _7\"></span>fication i<span class=\"_ _7\"></span>s not treated as a de<span class=\"_ _7\"></span>recog<span class=\"_ _7\"></span>nition, the Gro<span class=\"_ _7\"></span>up reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>s amou<span class=\"_ _7\"></span>nts paid or re<span class=\"_ _7\"></span>ceive<span class=\"_ _7\"></span>d for the modi<span class=\"_ _7\"></span>fication of th<span class=\"_ _7\"></span>e contract a<span class=\"_ _7\"></span>s an adju<span class=\"_ _7\"></span>stment to the rel<span class=\"_ _7\"></span>evant liability or asset f<span class=\"_ _9\"></span>or remaining co<span class=\"_ _9\"></span>verage<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>n a group of ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts is dere<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised, adju<span class=\"_ _7\"></span>stments to remove related r<span class=\"_ _7\"></span>ights an<span class=\"_ _7\"></span>d oblig<span class=\"_ _7\"></span>ations res<span class=\"_ _7\"></span>ult in the foll<span class=\"_ _7\"></span>owing am<span class=\"_ _7\"></span>ounts be<span class=\"_ _7\"></span>ing cha<span class=\"_ _7\"></span>rged im<span class=\"_ _7\"></span>medi<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>el<span class=\"_ _7\"></span>y to the<span class=\"_ _9\"></span> cons<span class=\"_ _7\"></span>olidated i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>if the contr<span class=\"_ _7\"></span>act is ex<span class=\"_ _7\"></span>tinguis<span class=\"_ _7\"></span>hed, any net d<span class=\"_ _7\"></span>if<span class=\"_ _7\"></span>feren<span class=\"_ _7\"></span>ce bet<span class=\"_ _7\"></span>ween </span>the derecognised p<span class=\"_ _9\"></span>ar<span class=\"_ _7\"></span>t of<span class=\"_ _9\"></span> the liability for<span class=\"_ _9\"></span> remaining<span class=\"_ _304\"> </span>coverag<span class=\"_ _7\"></span>e (LRC) of the ori<span class=\"_ _7\"></span>ginal c<span class=\"_ _7\"></span>ontract a<span class=\"_ _7\"></span>nd any other <span class=\"ls8 ws4\"> </span>cash flows arising<span class=\"_ _9\"></span> from extinguishment<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>if the contr<span class=\"_ _7\"></span>act is trans<span class=\"_ _7\"></span>ferre<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o the thi<span class=\"_ _7\"></span>rd par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, any ne<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span> </span>dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rence b<span class=\"_ _7\"></span>etwee<span class=\"_ _7\"></span>n the dere<span class=\"_ _7\"></span>cog<span class=\"_ _7\"></span>nised pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t of the LRC <span class=\"ls8 ws4\"> </span>of the ori<span class=\"_ _7\"></span>ginal c<span class=\"_ _7\"></span>ontract a<span class=\"_ _7\"></span>nd the pre<span class=\"_ _7\"></span>mium ch<span class=\"_ _7\"></span>arged by the third pa<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>y; or<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>if t<span class=\"_ _9\"></span>he original cont<span class=\"_ _9\"></span>ract is modified r<span class=\"_ _9\"></span>esulting in it<span class=\"_ _9\"></span>s </span>derecognition<span class=\"_ _9\"></span>, any net<span class=\"_ _9\"></span> dif<span class=\"_ _7\"></span>ference be<span class=\"_ _9\"></span>tween the dere<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t of the LRC and th<span class=\"_ _7\"></span>e hypothetic<span class=\"_ _7\"></span>al prem<span class=\"_ _7\"></span>ium that the e<span class=\"_ _7\"></span>ntity wo<span class=\"_ _7\"></span>uld have cha<span class=\"_ _7\"></span>rged if i<span class=\"_ _7\"></span>t had entered i<span class=\"_ _7\"></span>nto a contract wi<span class=\"_ _7\"></span>th equi<span class=\"_ _7\"></span>valent ter<span class=\"_ _7\"></span>ms as the <span class=\"ls8 ws4\"> </span>new co<span class=\"_ _7\"></span>ntract at the date of the co<span class=\"_ _7\"></span>ntract mod<span class=\"_ _7\"></span>ificatio<span class=\"_ _7\"></span>n,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>less any additional<span class=\"_ _9\"></span> premium charged for t<span class=\"_ _9\"></span>he modification<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>e) Con<span class=\"_ _9\"></span>tract boundary<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup us<span class=\"_ _7\"></span>es the co<span class=\"_ _7\"></span>ncept of co<span class=\"_ _7\"></span>ntract bou<span class=\"_ _7\"></span>ndar<span class=\"_ _7\"></span>y to determ<span class=\"_ _7\"></span>ine what c<span class=\"_ _7\"></span>ash flows s<span class=\"_ _7\"></span>hould be c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered i<span class=\"_ _7\"></span>n the mea<span class=\"_ _7\"></span>sureme<span class=\"_ _7\"></span>nt of groups of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts. Cash flows a<span class=\"_ _7\"></span>re within th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> boun<span class=\"_ _7\"></span>dar<span class=\"_ _7\"></span>y of an in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>ct if they ar<span class=\"_ _7\"></span>ise fro<span class=\"_ _7\"></span>m substa<span class=\"_ _7\"></span>ntive rig<span class=\"_ _7\"></span>hts and obl<span class=\"_ _7\"></span>igations th<span class=\"_ _7\"></span>at exist du<span class=\"_ _7\"></span>ring the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> in whi<span class=\"_ _7\"></span>ch the Gro<span class=\"_ _7\"></span>up can c<span class=\"_ _7\"></span>ompe<span class=\"_ _7\"></span>l the poli<span class=\"_ _7\"></span>cyhol<span class=\"_ _7\"></span>der to pay the prem<span class=\"_ _7\"></span>iums, or in w<span class=\"_ _7\"></span>hich the G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s a substa<span class=\"_ _7\"></span>ntive oblig<span class=\"_ _7\"></span>ation to provid<span class=\"_ _7\"></span>e the polic<span class=\"_ _7\"></span>yhold<span class=\"_ _7\"></span>er wi<span class=\"_ _7\"></span>th ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ces. A sub<span class=\"_ _7\"></span>stantive ob<span class=\"_ _7\"></span>ligatio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> to provide se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice<span class=\"_ _7\"></span>s ends w<span class=\"_ _7\"></span>hen:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the Group h<span class=\"_ _7\"></span>as the prac<span class=\"_ _7\"></span>tical a<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y to reass<span class=\"_ _7\"></span>ess the r<span class=\"_ _7\"></span>isks of </span>the par<span class=\"_ _7\"></span>ti<span class=\"_ _7\"></span>cular p<span class=\"_ _7\"></span>olicy<span class=\"_ _7\"></span>holde<span class=\"_ _7\"></span>r and, as a re<span class=\"_ _7\"></span>sult, can set a p<span class=\"_ _7\"></span>rice or level of b<span class=\"_ _7\"></span>enefits th<span class=\"_ _7\"></span>at full<span class=\"_ _7\"></span>y reflects tho<span class=\"_ _7\"></span>se ris<span class=\"_ _7\"></span>ks<span class=\"_ _9\"></span>; or<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>both of the followin<span class=\"_ _7\"></span>g criter<span class=\"_ _7\"></span>ia are satis<span class=\"_ _7\"></span>fied:</span> A<span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s the practi<span class=\"_ _7\"></span>cal ab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y to reasse<span class=\"_ _7\"></span>ss the </span>ris<span class=\"_ _7\"></span>ks of the por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio of insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts that conta<span class=\"_ _7\"></span>in the co<span class=\"_ _7\"></span>ntract and, as a re<span class=\"_ _7\"></span>sult, ca<span class=\"_ _7\"></span>n set a <span class=\"ls8 ws4\"> </span>pri<span class=\"_ _7\"></span>ce or level of b<span class=\"_ _7\"></span>enefits th<span class=\"_ _7\"></span>at fully re<span class=\"_ _7\"></span>flects the r<span class=\"_ _7\"></span>isk <span class=\"ls8 ws4\"> </span>of that por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio; and A<span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the p<span class=\"_ _7\"></span>rici<span class=\"_ _7\"></span>ng of the premi<span class=\"_ _7\"></span>ums for cover<span class=\"_ _7\"></span>age up to <span class=\"ls8 ws4\"> </span></span>the date whe<span class=\"_ _7\"></span>n the ris<span class=\"_ _7\"></span>ks are rea<span class=\"_ _7\"></span>sses<span class=\"_ _7\"></span>sed do<span class=\"_ _7\"></span>es <span class=\"ls8 ws4\"> </span>not take into acco<span class=\"_ _7\"></span>unt the ris<span class=\"_ _7\"></span>ks that relate to<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>per<span class=\"_ _7\"></span>iods af<span class=\"_ _7\"></span>ter the re<span class=\"_ _7\"></span>ass<span class=\"_ _7\"></span>essm<span class=\"_ _7\"></span>ent date.<span class=\"_ _304\"> </span>A lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y or as<span class=\"_ _7\"></span>set relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o exp<span class=\"_ _7\"></span>ected pre<span class=\"_ _7\"></span>miums o<span class=\"_ _7\"></span>r claim<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> outsi<span class=\"_ _7\"></span>de the bou<span class=\"_ _7\"></span>ndar<span class=\"_ _7\"></span>y of the i<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce con<span class=\"_ _7\"></span>tract is not reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d. Such am<span class=\"_ _7\"></span>ounts rel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e to future i<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce contr<span class=\"_ _7\"></span>acts.<span class=\"_ _304\"> </span>(f<span class=\"_ _7\"></span>) Mea<span class=\"_ _7\"></span>surem<span class=\"_ _7\"></span>ent \u2013 pre<span class=\"_ _7\"></span>mium all<span class=\"_ _7\"></span>ocatio<span class=\"_ _7\"></span>n approac<span class=\"_ _7\"></span>h<span class=\"_ _304\"> </span>Initia<span class=\"_ _7\"></span>l measureme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup ap<span class=\"_ _7\"></span>plie<span class=\"_ _7\"></span>s the premi<span class=\"_ _7\"></span>um allo<span class=\"_ _7\"></span>cation a<span class=\"_ _7\"></span>pproach (<span class=\"_ _7\"></span>P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A) <span class=\"ls8 ws4\"> </span>to the major<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y of the insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts that it i<span class=\"_ _7\"></span>ssue<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span>and re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts that it h<span class=\"_ _7\"></span>olds, be<span class=\"_ _7\"></span>cause:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the coverag<span class=\"_ _7\"></span>e peri<span class=\"_ _7\"></span>od of each c<span class=\"_ _7\"></span>ontract in th<span class=\"_ _7\"></span>e group is <span class=\"ls8 ws4\"> </span></span>one year or<span class=\"_ _9\"></span> less; or<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>for contrac<span class=\"_ _7\"></span>ts longe<span class=\"_ _7\"></span>r than on<span class=\"_ _7\"></span>e year<span class=\"_ _a\"></span>, th<span class=\"_ _7\"></span>e Group ha<span class=\"_ _7\"></span>s </span>modelled possible futur<span class=\"_ _9\"></span>e scenarios and reasonably<span class=\"_ _9\"></span> expe<span class=\"_ _7\"></span>cts that the me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>ment of the L<span class=\"_ _7\"></span>RC for the <span class=\"ls8 ws4\"> </span>group c<span class=\"_ _7\"></span>ontain<span class=\"_ _7\"></span>ing those c<span class=\"_ _7\"></span>ontracts u<span class=\"_ _7\"></span>nder th<span class=\"_ _7\"></span>e P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A <span class=\"ls8 ws4\"> </span>doe<span class=\"_ _7\"></span>s not dif<span class=\"_ _7\"></span>fer m<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>riall<span class=\"_ _7\"></span>y from the m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>rement th<span class=\"_ _7\"></span>at would be<span class=\"_ _9\"></span> produced applying the general model.<span class=\"_ _304\"> </span>For in<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s issued,<span class=\"_ _9\"></span> on initial r<span class=\"_ _9\"></span>ecognition, t<span class=\"_ _9\"></span>he Group<span class=\"_ _9\"></span> mea<span class=\"_ _7\"></span>sures th<span class=\"_ _7\"></span>e LRC as the a<span class=\"_ _7\"></span>mount of pre<span class=\"_ _7\"></span>miums re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>ved, less any acq<span class=\"_ _7\"></span>uisitio<span class=\"_ _7\"></span>n cash fl<span class=\"_ _7\"></span>ows paid an<span class=\"_ _7\"></span>d any amou<span class=\"_ _7\"></span>nts aris<span class=\"_ _7\"></span>ing from the derecognit<span class=\"_ _9\"></span>ion of t<span class=\"_ _9\"></span>he insurance acquisit<span class=\"_ _9\"></span>ion cash flow<span class=\"_ _9\"></span>s asset<span class=\"_ _9\"></span> and the<span class=\"_ _9\"></span> derecognition of<span class=\"_ _9\"></span> any ot<span class=\"_ _9\"></span>her relevan<span class=\"_ _9\"></span>t pre-recognition<span class=\"_ _9\"></span> ca<span class=\"_ _7\"></span>sh flow<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>For r<span class=\"_ _9\"></span>einsurance contra<span class=\"_ _9\"></span>cts held,<span class=\"_ _9\"></span> on initial r<span class=\"_ _9\"></span>ecognition,<span class=\"_ _9\"></span> the Group<span class=\"_ _9\"></span> mea<span class=\"_ _7\"></span>sures a<span class=\"_ _7\"></span>ssets for the re<span class=\"_ _7\"></span>main<span class=\"_ _7\"></span>ing coverag<span class=\"_ _7\"></span>e at the amo<span class=\"_ _7\"></span>unt of ced<span class=\"_ _7\"></span>ing prem<span class=\"_ _7\"></span>iums pa<span class=\"_ _7\"></span>id, plus broker fe<span class=\"_ _7\"></span>es pai<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o a pa<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>y other tha<span class=\"_ _7\"></span>n the reins<span class=\"_ _7\"></span>urer an<span class=\"_ _7\"></span>d any amou<span class=\"_ _7\"></span>nts aris<span class=\"_ _7\"></span>ing from th<span class=\"_ _7\"></span>e derecognition o<span class=\"_ _9\"></span>f any o<span class=\"_ _9\"></span>ther relev<span class=\"_ _9\"></span>ant pre-r<span class=\"_ _9\"></span>ecognition cash flow<span class=\"_ _9\"></span>s.<span class=\"_ _304\"> </span>For in<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s issued,<span class=\"_ _9\"></span> insurance acquisition<span class=\"_ _9\"></span> cash flows all<span class=\"_ _7\"></span>ocated to a group are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised over th<span class=\"_ _7\"></span>e coverage per<span class=\"_ _7\"></span>iod of con<span class=\"_ _7\"></span>tracts in the gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>. For re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts hel<span class=\"_ _7\"></span>d, broker fees a<span class=\"_ _7\"></span>re recog<span class=\"_ _7\"></span>nise<span class=\"_ _7\"></span>d ov<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>r the coverage p<span class=\"_ _7\"></span>eri<span class=\"_ _7\"></span>od of contra<span class=\"_ _7\"></span>cts in a group.<span class=\"_ _304\"> </span>Subs<span class=\"_ _9\"></span>equent m<span class=\"_ _9\"></span>easuremen<span class=\"_ _9\"></span>t<span class=\"_ _304\"> </span>For insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e contracts i<span class=\"_ _7\"></span>ssue<span class=\"_ _7\"></span>d, at each of the su<span class=\"_ _7\"></span>bsequ<span class=\"_ _7\"></span>ent repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting dates, the LRC i<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>increased f<span class=\"_ _9\"></span>or premiums received in t<span class=\"_ _9\"></span>he period;<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>de<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>ed for insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e acquis<span class=\"_ _7\"></span>ition c<span class=\"_ _7\"></span>ash flows pa<span class=\"_ _7\"></span>id in <span class=\"ls8 ws4\"> </span></span></span>the period<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>decre<span class=\"_ _7\"></span>ased fo<span class=\"_ _7\"></span>r the amou<span class=\"_ _7\"></span>nts of expected p<span class=\"_ _7\"></span>remiu<span class=\"_ _7\"></span>m recei<span class=\"_ _7\"></span>pts<span class=\"_ _9\"></span> </span>reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue for the s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>es provid<span class=\"_ _7\"></span>ed in the pe<span class=\"_ _7\"></span>riod;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>incr<span class=\"_ _9\"></span>eased for the<span class=\"_ _9\"></span> amor<span class=\"_ _7\"></span>tisat<span class=\"_ _9\"></span>ion of ins<span class=\"_ _9\"></span>urance acquisition<span class=\"_ _9\"></span> </span>cas<span class=\"_ _7\"></span>h flows in the pe<span class=\"_ _7\"></span>riod re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised a<span class=\"_ _7\"></span>s insura<span class=\"_ _7\"></span>nce se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice expe<span class=\"_ _7\"></span>nses; and d<span class=\"_ _7\"></span>ecrea<span class=\"_ _7\"></span>sed for a<span class=\"_ _7\"></span>ny investment c<span class=\"_ _7\"></span>ompo<span class=\"_ _7\"></span>nent paid or t<span class=\"_ _9\"></span>ransferred t<span class=\"_ _9\"></span>o the<span class=\"_ _9\"></span> liability for incurred clai<span class=\"_ _9\"></span>ms.<span class=\"_ _304\"> </span>For rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts held, at ea<span class=\"_ _7\"></span>ch of the subs<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>nt repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting dates, the rem<span class=\"_ _7\"></span>ainin<span class=\"_ _7\"></span>g coverage is:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>increased f<span class=\"_ _9\"></span>or ceding premiums paid in<span class=\"_ _9\"></span> the period;<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>inc<span class=\"_ _7\"></span>rease<span class=\"_ _7\"></span>d for broker fee<span class=\"_ _7\"></span>s paid i<span class=\"_ _7\"></span>n the per<span class=\"_ _7\"></span>iod;<span class=\"_ _304\"> </span></span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>decreased for the e<span class=\"_ _9\"></span>xpected amounts<span class=\"_ _9\"></span> of ceding premiums<span class=\"_ _9\"></span> </span></span>and b<span class=\"_ _7\"></span>roker fees re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised a<span class=\"_ _7\"></span>s reinsur<span class=\"_ _7\"></span>ance ex<span class=\"_ _7\"></span>pense<span class=\"_ _7\"></span>s for the se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice<span class=\"_ _7\"></span>s rece<span class=\"_ _7\"></span>ived in the p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span>; an<span class=\"_ _7\"></span>d<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>decre<span class=\"_ _7\"></span>ased fo<span class=\"_ _7\"></span>r any investme<span class=\"_ _7\"></span>nt comp<span class=\"_ _7\"></span>onent pa<span class=\"_ _7\"></span>id or </span>trans<span class=\"_ _7\"></span>ferred to the rei<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce as<span class=\"_ _7\"></span>sets for incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims.<span class=\"_ _304\"> </span>The Group does no<span class=\"_ _9\"></span>t adjust<span class=\"_ _9\"></span> the LRC f<span class=\"_ _9\"></span>or insurance cont<span class=\"_ _9\"></span>racts<span class=\"_ _9\"></span> issu<span class=\"_ _7\"></span>ed or the re<span class=\"_ _7\"></span>main<span class=\"_ _7\"></span>ing coverag<span class=\"_ _7\"></span>e for reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts held for the ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t of the time valu<span class=\"_ _7\"></span>e of money<span class=\"_ _9\"></span>, beca<span class=\"_ _7\"></span>use as<span class=\"_ _7\"></span>sociated prem<span class=\"_ _7\"></span>iums are d<span class=\"_ _7\"></span>ue withi<span class=\"_ _7\"></span>n one yea<span class=\"_ _7\"></span>r of the coverage p<span class=\"_ _7\"></span>eri<span class=\"_ _7\"></span>od. The Group only a<span class=\"_ _9\"></span>djusts t<span class=\"_ _9\"></span>he remaining co<span class=\"_ _9\"></span>verage f<span class=\"_ _9\"></span>or reinsurance<span class=\"_ _9\"></span> contra<span class=\"_ _7\"></span>cts held fo<span class=\"_ _7\"></span>r the time valu<span class=\"_ _7\"></span>e of money in re<span class=\"_ _7\"></span>lation to the leg<span class=\"_ _7\"></span>acy por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio tra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>ons (LPT<span class=\"_ _7\"></span>) th<span class=\"_ _7\"></span>at were held, as th<span class=\"_ _7\"></span>e asso<span class=\"_ _7\"></span>ciated prem<span class=\"_ _7\"></span>iums are n<span class=\"_ _7\"></span>ot due with<span class=\"_ _7\"></span>in one yea<span class=\"_ _7\"></span>r of the coverage p<span class=\"_ _7\"></span>eri<span class=\"_ _7\"></span>od.<span class=\"_ _304\"> </span>The Group est<span class=\"_ _9\"></span>imates t<span class=\"_ _9\"></span>he liability for i<span class=\"_ _9\"></span>ncurred claims (LIC<span class=\"_ _9\"></span>) <span class=\"ls8 ws4\"> </span>as the f<span class=\"_ _7\"></span>ulfilm<span class=\"_ _7\"></span>ent cas<span class=\"_ _7\"></span>h flows related to incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims. Th<span class=\"_ _7\"></span>e ful<span class=\"_ _7\"></span>filment c<span class=\"_ _7\"></span>ash flows i<span class=\"_ _7\"></span>ncor<span class=\"_ _7\"></span>porate, in an unbi<span class=\"_ _7\"></span>ased way<span class=\"_ _9\"></span>, all reasonable and supportable informa<span class=\"_ _9\"></span>tion av<span class=\"_ _9\"></span>ailable without<span class=\"_ _9\"></span> undu<span class=\"_ _7\"></span>e cost or e<span class=\"_ _7\"></span>ffo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t about th<span class=\"_ _7\"></span>e amou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, timi<span class=\"_ _7\"></span>ng and un<span class=\"_ _7\"></span>cer<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>inty of those f<span class=\"_ _7\"></span>uture ca<span class=\"_ _7\"></span>sh flows, and they refl<span class=\"_ _7\"></span>ect cu<span class=\"_ _7\"></span>rrent e<span class=\"_ _7\"></span>stimates from th<span class=\"_ _7\"></span>e pers<span class=\"_ _7\"></span>pecti<span class=\"_ _7\"></span>ve of the entit<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. If facts a<span class=\"_ _7\"></span>nd circum<span class=\"_ _7\"></span>stanc<span class=\"_ _7\"></span>es ind<span class=\"_ _7\"></span>icate that a group of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contract<span class=\"_ _9\"></span>s measured under t<span class=\"_ _9\"></span>he P<span class=\"_ _9\"></span>AA is onerous on<span class=\"_ _9\"></span> initial recognition or<span class=\"_ _9\"></span> has become onerous subsequent<span class=\"_ _9\"></span>ly<span class=\"_ _a\"></span>, the Group<span class=\"_ _9\"></span> incre<span class=\"_ _7\"></span>ase<span class=\"_ _7\"></span>s the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of the LR<span class=\"_ _7\"></span>C<span class=\"_ _9\"></span>, rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ing a los<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> com<span class=\"_ _7\"></span>pone<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, to the amou<span class=\"_ _7\"></span>nts of the excess of the f<span class=\"_ _7\"></span>ulfilm<span class=\"_ _7\"></span>ent cas<span class=\"_ _7\"></span>h flows that relate to the rema<span class=\"_ _7\"></span>ining c<span class=\"_ _7\"></span>overage of the grou<span class=\"_ _7\"></span>p of contrac<span class=\"_ _7\"></span>ts, ov<span class=\"_ _9\"></span>er th<span class=\"_ _7\"></span>e car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of the LRC of th<span class=\"_ _7\"></span>e group.<span class=\"_ _9\"></span> The a<span class=\"_ _7\"></span>mount of su<span class=\"_ _7\"></span>ch an in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in insur<span class=\"_ _7\"></span>ance ser<span class=\"_ _7\"></span>vice expenses. Subsequently<span class=\"_ _a\"></span>, the<span class=\"_ _9\"></span> loss component is amo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>sed over the c<span class=\"_ _7\"></span>overage pe<span class=\"_ _7\"></span>riod of the g<span class=\"_ _7\"></span>roup of contra<span class=\"_ _7\"></span>cts.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>n a loss i<span class=\"_ _7\"></span>s recog<span class=\"_ _7\"></span>nised o<span class=\"_ _7\"></span>n initia<span class=\"_ _7\"></span>l reco<span class=\"_ _7\"></span>gnition of a<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span>onerous gr<span class=\"_ _9\"></span>oup of underlying in<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s or on<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>addition<span class=\"_ _9\"></span> of onerous<span class=\"_ _9\"></span> underlying insurance contra<span class=\"_ _9\"></span>cts t<span class=\"_ _9\"></span>o that<span class=\"_ _304\"> </span>group, the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of the re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce as<span class=\"_ _7\"></span>set for remaining co<span class=\"_ _9\"></span>verage f<span class=\"_ _9\"></span>or reinsurance con<span class=\"_ _9\"></span>tracts<span class=\"_ _9\"></span> held measured und<span class=\"_ _7\"></span>er the P<span class=\"_ _9\"></span>A<span class=\"_ _7\"></span>A is inc<span class=\"_ _7\"></span>rease<span class=\"_ _7\"></span>d by the amou<span class=\"_ _7\"></span>nt of expected recover<span class=\"_ _7\"></span>ies th<span class=\"_ _7\"></span>at will be i<span class=\"_ _7\"></span>n the conso<span class=\"_ _7\"></span>lidated in<span class=\"_ _7\"></span>come st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent and a loss r<span class=\"_ _9\"></span>ecovery component is established or<span class=\"_ _9\"></span> adjusted<span class=\"_ _9\"></span> for that am<span class=\"_ _7\"></span>ount. The lo<span class=\"_ _7\"></span>ss rec<span class=\"_ _7\"></span>over<span class=\"_ _7\"></span>y compo<span class=\"_ _7\"></span>nent is c<span class=\"_ _7\"></span>alcu<span class=\"_ _7\"></span>lated by m<span class=\"_ _9\"></span>ultiplying the<span class=\"_ _9\"></span> loss component recognised on<span class=\"_ _9\"></span> underly<span class=\"_ _7\"></span>ing<span class=\"_ _9\"></span> insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts by the p<span class=\"_ _7\"></span>ercent<span class=\"_ _7\"></span>age of clai<span class=\"_ _7\"></span>ms on und<span class=\"_ _7\"></span>erl<span class=\"_ _7\"></span>ying insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts that th<span class=\"_ _7\"></span>e Group exp<span class=\"_ _7\"></span>ects to recover f<span class=\"_ _7\"></span>rom the rei<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts held th<span class=\"_ _7\"></span>at are entere<span class=\"_ _7\"></span>d into before or at the sa<span class=\"_ _7\"></span>me time as th<span class=\"_ _7\"></span>e loss is re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised o<span class=\"_ _7\"></span>n the unde<span class=\"_ _7\"></span>rly<span class=\"_ _7\"></span>ing insurance cont<span class=\"_ _9\"></span>racts.<span class=\"_ _9\"></span> When underlying insurance contr<span class=\"_ _9\"></span>acts<span class=\"_ _9\"></span> that are re<span class=\"_ _7\"></span>insure<span class=\"_ _7\"></span>d are incl<span class=\"_ _7\"></span>uded in th<span class=\"_ _7\"></span>e same g<span class=\"_ _7\"></span>roup as in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts issu<span class=\"_ _7\"></span>ed that are n<span class=\"_ _7\"></span>ot reinsure<span class=\"_ _7\"></span>d, the Group a<span class=\"_ _7\"></span>pplie<span class=\"_ _7\"></span>s a systematic a<span class=\"_ _7\"></span>nd ration<span class=\"_ _7\"></span>al method of a<span class=\"_ _7\"></span>llocati<span class=\"_ _7\"></span>on to determin<span class=\"_ _7\"></span>e the por<span class=\"_ _7\"></span>tio<span class=\"_ _7\"></span>n of losse<span class=\"_ _7\"></span>s that relates to und<span class=\"_ _7\"></span>erly<span class=\"_ _7\"></span>ing ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts.<span class=\"_ _304\"> </span>(g) Insura<span class=\"_ _7\"></span>nce reven<span class=\"_ _7\"></span>ue<span class=\"_ _304\"> </span>The i<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce revenu<span class=\"_ _7\"></span>e for the pe<span class=\"_ _7\"></span>riod is th<span class=\"_ _7\"></span>e amount of ex<span class=\"_ _7\"></span>pected premium r<span class=\"_ _9\"></span>eceipts (<span class=\"_ _9\"></span>ex<span class=\"_ _9\"></span>cluding an<span class=\"_ _9\"></span>y invest<span class=\"_ _9\"></span>ment component<span class=\"_ _9\"></span>) allo<span class=\"_ _7\"></span>cated to the per<span class=\"_ _7\"></span>iod. The G<span class=\"_ _7\"></span>roup all<span class=\"_ _7\"></span>ocates the ex<span class=\"_ _7\"></span>pected prem<span class=\"_ _7\"></span>ium rec<span class=\"_ _7\"></span>eipts to each pe<span class=\"_ _7\"></span>riod of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>ct <span class=\"ls8 ws4\"> </span>ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ices o<span class=\"_ _7\"></span>n the basi<span class=\"_ _7\"></span>s of the pass<span class=\"_ _7\"></span>age of time. Bu<span class=\"_ _7\"></span>t if the <span class=\"ls8 ws4\"> </span>expe<span class=\"_ _7\"></span>cted pat<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>n of rele<span class=\"_ _7\"></span>ase of ris<span class=\"_ _7\"></span>k durin<span class=\"_ _7\"></span>g the coverag<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>per<span class=\"_ _7\"></span>iod di<span class=\"_ _7\"></span>ffe<span class=\"_ _7\"></span>rs sig<span class=\"_ _7\"></span>nific<span class=\"_ _7\"></span>antly fro<span class=\"_ _7\"></span>m the pass<span class=\"_ _7\"></span>age of time, for examp<span class=\"_ _7\"></span>le a group of co<span class=\"_ _7\"></span>ntracts that is ex<span class=\"_ _7\"></span>posed to larg<span class=\"_ _7\"></span>e <span class=\"ls8 ws4\"> </span>natura<span class=\"_ _7\"></span>l catastro<span class=\"_ _7\"></span>phe ris<span class=\"_ _7\"></span>k conc<span class=\"_ _7\"></span>entrated in the fi<span class=\"_ _7\"></span>rst or se<span class=\"_ _7\"></span>cond <span class=\"ls8 ws4\"> </span>hal<span class=\"_ _7\"></span>f of the year<span class=\"_ _a\"></span>, th<span class=\"_ _7\"></span>en the al<span class=\"_ _7\"></span>locatio<span class=\"_ _7\"></span>n is made o<span class=\"_ _7\"></span>n the basis of <span class=\"ls8 ws4\"> </span>the expe<span class=\"_ _7\"></span>cted timin<span class=\"_ _7\"></span>g of incur<span class=\"_ _7\"></span>red insu<span class=\"_ _7\"></span>rance s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span>Cha<span class=\"_ _7\"></span>nges to the bas<span class=\"_ _7\"></span>is of allo<span class=\"_ _7\"></span>cation a<span class=\"_ _7\"></span>re accou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed fo<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> prosp<span class=\"_ _7\"></span>ective<span class=\"_ _7\"></span>ly as a ch<span class=\"_ _7\"></span>ange in a<span class=\"_ _7\"></span>ccou<span class=\"_ _7\"></span>nting estim<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(h)<span class=\"_ _9\"></span> Insurance ser<span class=\"_ _7\"></span>vice expenses<span class=\"_ _304\"> </span>Insurance ser<span class=\"_ _7\"></span>vice expenses include t<span class=\"_ _9\"></span>he following<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>incurred<span class=\"_ _9\"></span> claims, e<span class=\"_ _9\"></span>xcluding<span class=\"_ _9\"></span> invest<span class=\"_ _9\"></span>ment components<span class=\"_ _9\"></span> </span>reduced b<span class=\"_ _9\"></span>y loss component allocat<span class=\"_ _9\"></span>ions;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>other incu<span class=\"_ _7\"></span>rred di<span class=\"_ _7\"></span>rectly at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses;<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>insurance acquisit<span class=\"_ _9\"></span>ion cash flow<span class=\"_ _9\"></span>s amor<span class=\"_ _7\"></span>tisat<span class=\"_ _9\"></span>ion using t<span class=\"_ _9\"></span>he </span></span>pat<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rn that is co<span class=\"_ _7\"></span>nsistent w<span class=\"_ _7\"></span>ith the insu<span class=\"_ _7\"></span>rance reve<span class=\"_ _7\"></span>nue;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>chang<span class=\"_ _7\"></span>es that re<span class=\"_ _7\"></span>late t<span class=\"_ _9\"></span>o past s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s that relate to future se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice;<span class=\"_ _304\"> </span></span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e acquis<span class=\"_ _7\"></span>ition c<span class=\"_ _7\"></span>ash flows as<span class=\"_ _7\"></span>sets impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>; an<span class=\"_ _7\"></span>d<span class=\"_ _304\"> </span></span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>ma<span class=\"_ _7\"></span>ndator<span class=\"_ _7\"></span>y reinst<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent pre<span class=\"_ _7\"></span>miums.<span class=\"_ _304\"> </span></span></span>Oth<span class=\"_ _7\"></span>er expe<span class=\"_ _7\"></span>nses not m<span class=\"_ _7\"></span>eeting the a<span class=\"_ _7\"></span>bove categor<span class=\"_ _7\"></span>ies a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>incl<span class=\"_ _7\"></span>uded i<span class=\"_ _7\"></span>n other ope<span class=\"_ _7\"></span>rating exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s in the cons<span class=\"_ _7\"></span>olidated inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span>(i) Allocation o<span class=\"_ _9\"></span>f reinsurance premiums<span class=\"_ _304\"> </span>The allocation o<span class=\"_ _9\"></span>f reinsurance premiums includes r<span class=\"_ _9\"></span>einsurance prem<span class=\"_ _7\"></span>iums an<span class=\"_ _7\"></span>d other incu<span class=\"_ _7\"></span>rred d<span class=\"_ _7\"></span>irectly at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses. Reinsurance premium and e<span class=\"_ _9\"></span>xpenses are recognised <span class=\"ls8 ws4\"> </span>simi<span class=\"_ _7\"></span>larl<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e revenue. Th<span class=\"_ _7\"></span>e amou<span class=\"_ _7\"></span>nt of reinsur<span class=\"_ _7\"></span>ance expenses recognised in the<span class=\"_ _9\"></span> repor<span class=\"_ _7\"></span>ting period depicts<span class=\"_ _9\"></span> the trans<span class=\"_ _7\"></span>fer of rece<span class=\"_ _7\"></span>ived ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contract s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ces at an <span class=\"ls8 ws4\"> </span>amount tha<span class=\"_ _9\"></span>t reflects t<span class=\"_ _9\"></span>he por<span class=\"_ _7\"></span>tion o<span class=\"_ _9\"></span>f ceding premiums tha<span class=\"_ _9\"></span>t the Gro<span class=\"_ _7\"></span>up expec<span class=\"_ _7\"></span>ts t<span class=\"_ _9\"></span>o pay in excha<span class=\"_ _7\"></span>nge for thos<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ices. Additionally<span class=\"_ _a\"></span>, brok<span class=\"_ _9\"></span>er fees and ceding commissions tha<span class=\"_ _9\"></span>t are <span class=\"ls8 ws4\"> </span>not conti<span class=\"_ _7\"></span>ngent o<span class=\"_ _7\"></span>n claim<span class=\"_ _7\"></span>s of the unde<span class=\"_ _7\"></span>rlyi<span class=\"_ _7\"></span>ng contra<span class=\"_ _7\"></span>cts issu<span class=\"_ _7\"></span>ed redu<span class=\"_ _7\"></span>ce ced<span class=\"_ _7\"></span>ing prem<span class=\"_ _7\"></span>iums a<span class=\"_ _7\"></span>nd are acc<span class=\"_ _7\"></span>ounted for as pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t of<span class=\"_ _9\"></span> reinsurance premiums<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>In addition<span class=\"_ _9\"></span>, the<span class=\"_ _9\"></span> allocation of r<span class=\"_ _9\"></span>einsurance premiums includes cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n the reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e assets a<span class=\"_ _7\"></span>risin<span class=\"_ _7\"></span>g from retroacti<span class=\"_ _7\"></span>ve<span class=\"_ _9\"></span> reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts held a<span class=\"_ _7\"></span>nd volunta<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y reinstatem<span class=\"_ _7\"></span>ent <span class=\"ls8 ws4\"> </span>ceded premiums.<span class=\"_ _9\"></span> (<span class=\"_ _7\"></span>j) Amounts r<span class=\"_ _9\"></span>ecoverable fr<span class=\"_ _9\"></span>om reinsurers f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _304\"> </span>The amounts<span class=\"_ _9\"></span> recoverable<span class=\"_ _9\"></span> from reinsurers<span class=\"_ _9\"></span> for incurred<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>claims include<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>incurred<span class=\"_ _9\"></span> claims recov<span class=\"_ _9\"></span>eries, ex<span class=\"_ _9\"></span>cluding<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></span>inv<span class=\"_ _9\"></span>estment components<span class=\"_ _9\"></span>;<span class=\"_ _9\"></span> A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>loss-<span class=\"_ _9\"></span>recovery component allocations<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s that relate to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice;<span class=\"_ _304\"> </span></span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls78 ws41\"> <span class=\"_ _24\"></span>ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct of chan<span class=\"_ _7\"></span>ges in th<span class=\"_ _7\"></span>e risk of re<span class=\"_ _7\"></span>insurer<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>\u2019 <span class=\"ls8 ws4\"> </span></span></span>non-performance;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>amount<span class=\"_ _9\"></span>s relat<span class=\"_ _9\"></span>ing t<span class=\"_ _9\"></span>o accounting<span class=\"_ _9\"></span> for onerous<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></span>group<span class=\"_ _7\"></span>s of under<span class=\"_ _7\"></span>lyin<span class=\"_ _7\"></span>g insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts iss<span class=\"_ _7\"></span>ued;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>cedin<span class=\"_ _7\"></span>g comm<span class=\"_ _7\"></span>issio<span class=\"_ _7\"></span>ns that are co<span class=\"_ _7\"></span>ntinge<span class=\"_ _7\"></span>nt on <span class=\"ls8 ws4\"> </span></span>claims of<span class=\"_ _9\"></span> the underlying cont<span class=\"_ _9\"></span>racts issued r<span class=\"_ _9\"></span>educing <span class=\"ls8 ws4\"> </span>incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims re<span class=\"_ _7\"></span>cover<span class=\"_ _7\"></span>y; and<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>mandator<span class=\"_ _7\"></span>y re<span class=\"_ _7\"></span>instateme<span class=\"_ _7\"></span>nt cede<span class=\"_ _7\"></span>d premi<span class=\"_ _7\"></span>ums.<span class=\"_ _304\"> </span></span>(k) Ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e finan<span class=\"_ _7\"></span>ce inco<span class=\"_ _7\"></span>me or exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>Insurance finance income or e<span class=\"_ _9\"></span>xpenses comprise the <span class=\"ls8 ws4\"> </span>cha<span class=\"_ _7\"></span>nge in the c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing amo<span class=\"_ _7\"></span>unt of the group of i<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce contract<span class=\"_ _9\"></span>s arising from<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the ef<span class=\"_ _7\"></span>fect of the tim<span class=\"_ _7\"></span>e value of mo<span class=\"_ _7\"></span>ney and ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span></span>in the tim<span class=\"_ _7\"></span>e value of mon<span class=\"_ _7\"></span>ey<span class=\"_ _a\"></span>. T<span class=\"_ _7\"></span>his ma<span class=\"_ _7\"></span>inly co<span class=\"_ _7\"></span>mpris<span class=\"_ _7\"></span>es <span class=\"ls8 ws4\"> </span>interest a<span class=\"_ _7\"></span>ccreted on the L<span class=\"_ _7\"></span>IC and intere<span class=\"_ _7\"></span>st unwin<span class=\"_ _7\"></span>d on <span class=\"ls8 ws4\"> </span>the AIC; and<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the ef<span class=\"_ _7\"></span>fect of fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l risk a<span class=\"_ _7\"></span>nd cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n financ<span class=\"_ _7\"></span>ial ri<span class=\"_ _7\"></span>sk. </span>Thi<span class=\"_ _7\"></span>s mainl<span class=\"_ _7\"></span>y inclu<span class=\"_ _7\"></span>des the ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct of cha<span class=\"_ _7\"></span>nges in i<span class=\"_ _7\"></span>nterest <span class=\"ls8 ws4\"> </span>rates, for examp<span class=\"_ _7\"></span>le, discou<span class=\"_ _7\"></span>nt rates.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup do<span class=\"_ _7\"></span>es not dis<span class=\"_ _7\"></span>aggreg<span class=\"_ _7\"></span>ate chang<span class=\"_ _7\"></span>es in the r<span class=\"_ _7\"></span>isk adjustment<span class=\"_ _9\"></span> for non-<span class=\"_ _9\"></span>financial risk between in<span class=\"_ _9\"></span>surance <span class=\"ls8 ws4\"> </span>ser<span class=\"_ _7\"></span>vice result and insurance finance i<span class=\"_ _9\"></span>ncome or expenses.<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>The c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>e in the ris<span class=\"_ _7\"></span>k adjustm<span class=\"_ _7\"></span>ent is e<span class=\"_ _7\"></span>ntirely pre<span class=\"_ _7\"></span>sented as <span class=\"ls8 ws4\"> </span>par<span class=\"_ _7\"></span>t of the in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice res<span class=\"_ _7\"></span>ult.<span class=\"_ _304\"> </span>Foreig<span class=\"_ _7\"></span>n ex<span class=\"_ _9\"></span>ch<span class=\"_ _7\"></span>ange g<span class=\"_ _7\"></span>ains an<span class=\"_ _7\"></span>d losse<span class=\"_ _7\"></span>s contin<span class=\"_ _7\"></span>ue to be prese<span class=\"_ _7\"></span>nted as a net othe<span class=\"_ _7\"></span>r foreig<span class=\"_ _7\"></span>n ex<span class=\"_ _9\"></span>ch<span class=\"_ _7\"></span>ange ga<span class=\"_ _7\"></span>in/(loss) line i<span class=\"_ _7\"></span>tem.<span class=\"_ _304\"> </span>2.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>2 T<span class=\"_ _9\"></span>axatio<span class=\"_ _7\"></span>n Cur<span class=\"_ _7\"></span>rent ta<span class=\"_ _7\"></span>x, incl<span class=\"_ _7\"></span>uding c<span class=\"_ _7\"></span>orpor<span class=\"_ _7\"></span>ation ta<span class=\"_ _7\"></span>x and fo<span class=\"_ _7\"></span>reign ta<span class=\"_ _7\"></span>x, is provid<span class=\"_ _7\"></span>ed at amo<span class=\"_ _7\"></span>unts expe<span class=\"_ _7\"></span>cted to be paid (or recovere<span class=\"_ _7\"></span>d) <span class=\"ls8 ws4\"> </span>usin<span class=\"_ _7\"></span>g the ta<span class=\"_ _7\"></span>x rates and l<span class=\"_ _7\"></span>aws that have bee<span class=\"_ _7\"></span>n enac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed o<span class=\"_ _7\"></span>r subs<span class=\"_ _7\"></span>tantivel<span class=\"_ _7\"></span>y enac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed by the b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et date. A provision <span class=\"ls8 ws4\"> </span>is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed for thos<span class=\"_ _7\"></span>e matter<span class=\"_ _7\"></span>s for whic<span class=\"_ _7\"></span>h the ta<span class=\"_ _7\"></span>x determ<span class=\"_ _7\"></span>ination is unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>tai<span class=\"_ _7\"></span>n but it is c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered pro<span class=\"_ _7\"></span>bable th<span class=\"_ _7\"></span>at there wil<span class=\"_ _7\"></span>l be a futu<span class=\"_ _7\"></span>re out<span class=\"_ _7\"></span>flow of funds to a ta<span class=\"_ _7\"></span>x au<span class=\"_ _7\"></span>thorit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>. The provi<span class=\"_ _7\"></span>sions a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> mea<span class=\"_ _7\"></span>sured at th<span class=\"_ _7\"></span>e best e<span class=\"_ _7\"></span>stimate of the amou<span class=\"_ _7\"></span>nt expec<span class=\"_ _7\"></span>ted t<span class=\"_ _9\"></span>o bec<span class=\"_ _7\"></span>ome payab<span class=\"_ _7\"></span>le. The as<span class=\"_ _7\"></span>ses<span class=\"_ _7\"></span>sment i<span class=\"_ _7\"></span>s based o<span class=\"_ _7\"></span>n the judg<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span> of tax prof<span class=\"_ _9\"></span>essionals within the Group<span class=\"_ _9\"></span> suppor<span class=\"_ _7\"></span>ted<span class=\"_ _9\"></span> by pre<span class=\"_ _9\"></span>vious expe<span class=\"_ _7\"></span>rien<span class=\"_ _7\"></span>ce in res<span class=\"_ _7\"></span>pec<span class=\"_ _7\"></span>t of such acti<span class=\"_ _7\"></span>vitie<span class=\"_ _7\"></span>s and, in ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain ca<span class=\"_ _7\"></span>ses, base<span class=\"_ _7\"></span>d on adv<span class=\"_ _7\"></span>ice sou<span class=\"_ _7\"></span>ght from s<span class=\"_ _7\"></span>peci<span class=\"_ _7\"></span>alist ta<span class=\"_ _7\"></span>x ad<span class=\"_ _7\"></span>viso<span class=\"_ _7\"></span>rs. Defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x is p<span class=\"_ _7\"></span>rovided in f<span class=\"_ _7\"></span>ull, usin<span class=\"_ _7\"></span>g the liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y method, <span class=\"ls8 ws4\"> </span>on tempo<span class=\"_ _7\"></span>rar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>renc<span class=\"_ _7\"></span>es ari<span class=\"_ _7\"></span>sing bet<span class=\"_ _7\"></span>wee<span class=\"_ _7\"></span>n the ta<span class=\"_ _7\"></span>x base<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span>of asse<span class=\"_ _7\"></span>ts and lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s and the<span class=\"_ _7\"></span>ir ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mounts i<span class=\"_ _7\"></span>n the fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements. However<span class=\"_ _9\"></span>, if the defer<span class=\"_ _7\"></span>red inc<span class=\"_ _7\"></span>ome ta<span class=\"_ _7\"></span>x <span class=\"ls8 ws4\"> </span>ari<span class=\"_ _7\"></span>ses fro<span class=\"_ _7\"></span>m initia<span class=\"_ _7\"></span>l recog<span class=\"_ _7\"></span>nition of a<span class=\"_ _7\"></span>n asset o<span class=\"_ _7\"></span>r liabi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y in a trans<span class=\"_ _7\"></span>action othe<span class=\"_ _7\"></span>r than a bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss com<span class=\"_ _7\"></span>bination th<span class=\"_ _7\"></span>at at the <span class=\"ls8 ws4\"> </span>time o<span class=\"_ _9\"></span>f the t<span class=\"_ _9\"></span>ransaction a<span class=\"_ _9\"></span>f<span class=\"_ _7\"></span>fects neit<span class=\"_ _9\"></span>her accounting<span class=\"_ _9\"></span> nor taxable profit or l<span class=\"_ _7\"></span>oss, it is not re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised. With th<span class=\"_ _7\"></span>e ex<span class=\"_ _9\"></span>ce<span class=\"_ _7\"></span>ption of <span class=\"ls8 ws4\"> </span>defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x rel<span class=\"_ _7\"></span>ated t<span class=\"_ _9\"></span>o top-up i<span class=\"_ _7\"></span>ncome t<span class=\"_ _7\"></span>axe<span class=\"_ _7\"></span>s arisi<span class=\"_ _7\"></span>ng from ta<span class=\"_ _7\"></span>x<span class=\"_ _304\"> </span>law enact<span class=\"_ _9\"></span>ed t<span class=\"_ _9\"></span>o implement Pi<span class=\"_ _9\"></span>llar T<span class=\"_ _a\"></span>wo legisla<span class=\"_ _9\"></span>tion,<span class=\"_ _9\"></span> deferred <span class=\"ls8 ws4\"> </span>ta<span class=\"_ _7\"></span>x is deter<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>d using ta<span class=\"_ _7\"></span>x rates a<span class=\"_ _7\"></span>nd laws that have be<span class=\"_ _7\"></span>en <span class=\"ls8 ws4\"> </span>ena<span class=\"_ _7\"></span>cted or subs<span class=\"_ _7\"></span>tantivel<span class=\"_ _7\"></span>y enac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed by the b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et <span class=\"ls8 ws4\"> </span>date and are ex<span class=\"_ _7\"></span>pected to app<span class=\"_ _7\"></span>ly whe<span class=\"_ _7\"></span>n the related d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span>ta<span class=\"_ _7\"></span>x ass<span class=\"_ _7\"></span>et is real<span class=\"_ _7\"></span>ised or th<span class=\"_ _7\"></span>e defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y is set<span class=\"_ _7\"></span>tled. Defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets are rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed to the extent th<span class=\"_ _7\"></span>at it is probable t<span class=\"_ _9\"></span>hat future<span class=\"_ _9\"></span> ta<span class=\"_ _7\"></span>xable pr<span class=\"_ _9\"></span>ofit will be<span class=\"_ _9\"></span> available<span class=\"_ _9\"></span> against whi<span class=\"_ _7\"></span>ch the tempo<span class=\"_ _7\"></span>rar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rence<span class=\"_ _7\"></span>s can b<span class=\"_ _7\"></span>e utilise<span class=\"_ _7\"></span>d. Deferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x is provid<span class=\"_ _7\"></span>ed on temp<span class=\"_ _7\"></span>orar<span class=\"_ _7\"></span>y di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>es ar<span class=\"_ _7\"></span>ising o<span class=\"_ _7\"></span>n investments i<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> subsidiaries and associat<span class=\"_ _9\"></span>es, e<span class=\"_ _9\"></span>xcept<span class=\"_ _9\"></span> where the Gr<span class=\"_ _9\"></span>oup contr<span class=\"_ _9\"></span>ols the timi<span class=\"_ _7\"></span>ng of the revers<span class=\"_ _7\"></span>al of the tempor<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nce a<span class=\"_ _7\"></span>nd it is proba<span class=\"_ _7\"></span>ble that the tem<span class=\"_ _7\"></span>porar<span class=\"_ _7\"></span>y d<span class=\"_ _7\"></span>if<span class=\"_ _7\"></span>feren<span class=\"_ _7\"></span>ce will n<span class=\"_ _7\"></span>ot reverse in the foreseeable future<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>2.<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>3 Employee<span class=\"_ _9\"></span> benefits<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Pension<span class=\"_ _9\"></span> obligations<span class=\"_ _304\"> </span>The Group has<span class=\"_ _9\"></span> defined contribution<span class=\"_ _9\"></span> and defined benefit<span class=\"_ _9\"></span> pension schemes. The defined<span class=\"_ _9\"></span> benefit scheme closed t<span class=\"_ _9\"></span>o <span class=\"ls8 ws4\"> </span>futu<span class=\"_ _7\"></span>re accr<span class=\"_ _7\"></span>ual wi<span class=\"_ _7\"></span>th ef<span class=\"_ _7\"></span>fect from 31<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>200<span class=\"_ _7\"></span>6 and <span class=\"ls8 ws4\"> </span>active m<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>rs were of<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>d memb<span class=\"_ _7\"></span>ersh<span class=\"_ _7\"></span>ip of the defin<span class=\"_ _7\"></span>ed contr<span class=\"_ _7\"></span>ibutio<span class=\"_ _7\"></span>n sche<span class=\"_ _7\"></span>me from 1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y<span class=\"_ gs2e8\"> </span><span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>. A defi<span class=\"_ _7\"></span>ned contribut<span class=\"_ _9\"></span>ion plan is a pension<span class=\"_ _9\"></span> plan under which the<span class=\"_ _9\"></span> Group <span class=\"ls8 ws4\"> </span>pays fixed co<span class=\"_ _7\"></span>ntribu<span class=\"_ _7\"></span>tions into a sepa<span class=\"_ _7\"></span>rate entit<span class=\"_ _7\"></span>y and ha<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>no fu<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ther obl<span class=\"_ _7\"></span>igation b<span class=\"_ _7\"></span>eyond the agre<span class=\"_ _7\"></span>ed contr<span class=\"_ _7\"></span>ibutio<span class=\"_ _7\"></span>n rate<span class=\"_ _9\"></span>. <span class=\"ls8 ws4\"> </span>A defin<span class=\"_ _7\"></span>ed ben<span class=\"_ _7\"></span>efit pla<span class=\"_ _7\"></span>n is a pen<span class=\"_ _7\"></span>sion pl<span class=\"_ _7\"></span>an that defi<span class=\"_ _7\"></span>nes a<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>amo<span class=\"_ _7\"></span>unt of pens<span class=\"_ _7\"></span>ion be<span class=\"_ _7\"></span>nefit that a<span class=\"_ _7\"></span>n empl<span class=\"_ _7\"></span>oyee will rec<span class=\"_ _7\"></span>eive <span class=\"ls8 ws4\"> </span>on ret<span class=\"_ _9\"></span>irement<span class=\"_ _9\"></span>, usually dependent on one<span class=\"_ _9\"></span> or more fa<span class=\"_ _9\"></span>ctors<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>suc<span class=\"_ _7\"></span>h as age, year<span class=\"_ _7\"></span>s of ser<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e and co<span class=\"_ _7\"></span>mpen<span class=\"_ _7\"></span>sation.<span class=\"_ _304\"> </span>For defi<span class=\"_ _9\"></span>ned contribution<span class=\"_ _9\"></span> plans, the<span class=\"_ _9\"></span> Group pa<span class=\"_ _9\"></span>ys contribut<span class=\"_ _9\"></span>ions <span class=\"ls8 ws4\"> </span>to public<span class=\"_ _7\"></span>ly or pr<span class=\"_ _7\"></span>ivately admi<span class=\"_ _7\"></span>nistered p<span class=\"_ _7\"></span>ensio<span class=\"_ _7\"></span>n insura<span class=\"_ _7\"></span>nce <span class=\"ls8 ws4\"> </span>plans on a<span class=\"_ _9\"></span> contractual<span class=\"_ _9\"></span> basis. The cont<span class=\"_ _9\"></span>ributions are<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as an e<span class=\"_ _7\"></span>mployee b<span class=\"_ _7\"></span>enefit ex<span class=\"_ _7\"></span>pense w<span class=\"_ _7\"></span>hen th<span class=\"_ _7\"></span>ey<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>are du<span class=\"_ _7\"></span>e. Prepaid co<span class=\"_ _7\"></span>ntribu<span class=\"_ _7\"></span>tions are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised as a<span class=\"_ _7\"></span>n asse<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>to the extent that a c<span class=\"_ _7\"></span>ash ref<span class=\"_ _7\"></span>und or a red<span class=\"_ _7\"></span>uction i<span class=\"_ _7\"></span>n future payment<span class=\"_ _9\"></span>s is av<span class=\"_ _9\"></span>ailable.<span class=\"_ _304\"> </span>The a<span class=\"_ _7\"></span>mount re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised on th<span class=\"_ _7\"></span>e bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet in res<span class=\"_ _7\"></span>pect <span class=\"ls8 ws4\"> </span>of define<span class=\"_ _7\"></span>d ben<span class=\"_ _7\"></span>efit pen<span class=\"_ _7\"></span>sion pl<span class=\"_ _7\"></span>ans is the p<span class=\"_ _7\"></span>rese<span class=\"_ _7\"></span>nt value of the <span class=\"ls8 ws4\"> </span>defin<span class=\"_ _7\"></span>ed ben<span class=\"_ _7\"></span>efit obl<span class=\"_ _7\"></span>igation at th<span class=\"_ _7\"></span>e balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et date, less <span class=\"ls8 ws4\"> </span>the fai<span class=\"_ _7\"></span>r value of pla<span class=\"_ _7\"></span>n asse<span class=\"_ _7\"></span>ts. The ca<span class=\"_ _7\"></span>lculatio<span class=\"_ _7\"></span>n of the define<span class=\"_ _7\"></span>d benefit obligat<span class=\"_ _9\"></span>ion is performed annually by a<span class=\"_ _9\"></span> qualified <span class=\"ls8 ws4\"> </span>actuary using the pr<span class=\"_ _9\"></span>ojected unit<span class=\"_ _9\"></span> method<span class=\"_ _9\"></span>. As the plan<span class=\"_ _9\"></span> is <span class=\"ls8 ws4\"> </span>clos<span class=\"_ _7\"></span>ed to all futu<span class=\"_ _7\"></span>re bene<span class=\"_ _7\"></span>fit accr<span class=\"_ _7\"></span>ual, eac<span class=\"_ _7\"></span>h par<span class=\"_ _7\"></span>tici<span class=\"_ _7\"></span>pant\u2019<span class=\"_ _9\"></span>s <span class=\"ls8 ws4\"> </span>ben<span class=\"_ _7\"></span>efits und<span class=\"_ _7\"></span>er the pl<span class=\"_ _7\"></span>an are bas<span class=\"_ _7\"></span>ed on the<span class=\"_ _7\"></span>ir ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice to <span class=\"ls8 ws4\"> </span>the date of clos<span class=\"_ _7\"></span>ure or ea<span class=\"_ _7\"></span>rlie<span class=\"_ _7\"></span>r leavin<span class=\"_ _7\"></span>g date and the<span class=\"_ _7\"></span>ir final pen<span class=\"_ _7\"></span>siona<span class=\"_ _7\"></span>ble ea<span class=\"_ _7\"></span>rnin<span class=\"_ _7\"></span>gs. The s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e cost is th<span class=\"_ _7\"></span>e expected admi<span class=\"_ _7\"></span>nistration c<span class=\"_ _7\"></span>ost dur<span class=\"_ _7\"></span>ing the yea<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>. Past se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice c<span class=\"_ _7\"></span>osts <span class=\"ls8 ws4\"> </span>are rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed imm<span class=\"_ _7\"></span>ediatel<span class=\"_ _7\"></span>y in the inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span>Remeasurements o<span class=\"_ _9\"></span>f the ne<span class=\"_ _9\"></span>t defined benefit liability<span class=\"_ _a\"></span>, which com<span class=\"_ _7\"></span>prise a<span class=\"_ _7\"></span>ctuar<span class=\"_ _7\"></span>ial gai<span class=\"_ _7\"></span>ns and lo<span class=\"_ _7\"></span>sses, th<span class=\"_ _7\"></span>e return on pl<span class=\"_ _7\"></span>an as<span class=\"_ _7\"></span>sets (e<span class=\"_ _9\"></span>xclud<span class=\"_ _7\"></span>ing interes<span class=\"_ _7\"></span>t) and the ef<span class=\"_ _7\"></span>fect of th<span class=\"_ _7\"></span>e asset c<span class=\"_ _7\"></span>eilin<span class=\"_ _7\"></span>g (if any)<span class=\"_ _9\"></span>, are recognised<span class=\"_ _9\"></span> immediately in<span class=\"_ _9\"></span> other compr<span class=\"_ _9\"></span>ehensive income.<span class=\"_ _9\"></span> The G<span class=\"_ _7\"></span>roup deter<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>s the net intere<span class=\"_ _7\"></span>st expe<span class=\"_ _7\"></span>nse (inc<span class=\"_ _7\"></span>ome) on the net defined<span class=\"_ _9\"></span> benefit liability (asset<span class=\"_ _9\"></span>) f<span class=\"_ _9\"></span>or the period b<span class=\"_ _9\"></span>y applying the<span class=\"_ _9\"></span> disc<span class=\"_ _7\"></span>ount rate use<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o me<span class=\"_ _7\"></span>asure the d<span class=\"_ _7\"></span>efined b<span class=\"_ _7\"></span>enefi<span class=\"_ _7\"></span>t oblig<span class=\"_ _7\"></span>ation at the be<span class=\"_ _7\"></span>ginni<span class=\"_ _7\"></span>ng of the annu<span class=\"_ _7\"></span>al pe<span class=\"_ _7\"></span>riod to the the<span class=\"_ _7\"></span>n net defin<span class=\"_ _7\"></span>ed ben<span class=\"_ _7\"></span>efit lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y (asset)<span class=\"_ _9\"></span>, tak<span class=\"_ _7\"></span>ing into acc<span class=\"_ _7\"></span>ount any ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s in the net defi<span class=\"_ _7\"></span>ned be<span class=\"_ _7\"></span>nefit li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ty (ass<span class=\"_ _7\"></span>et) during th<span class=\"_ _7\"></span>e peri<span class=\"_ _7\"></span>od as a res<span class=\"_ _7\"></span>ult of contr<span class=\"_ _7\"></span>ibutio<span class=\"_ _7\"></span>ns and be<span class=\"_ _7\"></span>nefit pay<span class=\"_ _7\"></span>ments. Net in<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ere<span class=\"_ _7\"></span>st expe<span class=\"_ _7\"></span>nse and other exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s related to define<span class=\"_ _7\"></span>d ben<span class=\"_ _7\"></span>efit pla<span class=\"_ _7\"></span>ns are rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed in the in<span class=\"_ _7\"></span>come st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent throu<span class=\"_ _7\"></span>gh ope<span class=\"_ _7\"></span>rating expe<span class=\"_ _7\"></span>nses.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>o the ex<span class=\"_ _7\"></span>tent that a su<span class=\"_ _7\"></span>rplus e<span class=\"_ _7\"></span>merg<span class=\"_ _7\"></span>es on the d<span class=\"_ _7\"></span>efined <span class=\"ls8 ws4\"> </span>benefi<span class=\"_ _7\"></span>t obliga<span class=\"_ _9\"></span>tion,<span class=\"_ _9\"></span> it is only recognisable as<span class=\"_ _9\"></span> an asset when <span class=\"ls8 ws4\"> </span>it is probable that futu<span class=\"_ _7\"></span>re econ<span class=\"_ _7\"></span>omic be<span class=\"_ _7\"></span>nefits wi<span class=\"_ _7\"></span>ll be rec<span class=\"_ _7\"></span>overed <span class=\"ls8 ws4\"> </span>by the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(b<span class=\"_ _9\"></span>) Other long-<span class=\"_ _9\"></span>term emplo<span class=\"_ _9\"></span>yee benefits<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup provi<span class=\"_ _7\"></span>des sa<span class=\"_ _7\"></span>bbatic<span class=\"_ _7\"></span>al leave to empl<span class=\"_ _7\"></span>oyees on com<span class=\"_ _7\"></span>pletion of ever<span class=\"_ _7\"></span>y fi<span class=\"_ _7\"></span>ve years\u2019 ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice. The p<span class=\"_ _7\"></span>resen<span class=\"_ _7\"></span>t value of the expe<span class=\"_ _7\"></span>cted costs of the<span class=\"_ _7\"></span>se be<span class=\"_ _7\"></span>nefits is ac<span class=\"_ _7\"></span>crue<span class=\"_ _7\"></span>d over the per<span class=\"_ _7\"></span>iod of emp<span class=\"_ _7\"></span>loyme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>. In de<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>mini<span class=\"_ _7\"></span>ng this lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>, consid<span class=\"_ _7\"></span>eration i<span class=\"_ _7\"></span>s given to future in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>es in sa<span class=\"_ _7\"></span>lar<span class=\"_ _7\"></span>y level<span class=\"_ _7\"></span>s, exper<span class=\"_ _7\"></span>ienc<span class=\"_ _7\"></span>e with em<span class=\"_ _7\"></span>ployee depar<span class=\"_ _7\"></span>tures and periods o<span class=\"_ _9\"></span>f ser<span class=\"_ _7\"></span>vice.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>c) Shar<span class=\"_ _9\"></span>e-based compensation<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup op<span class=\"_ _7\"></span>erates eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y settl<span class=\"_ _7\"></span>ed sha<span class=\"_ _7\"></span>re-bas<span class=\"_ _7\"></span>ed emp<span class=\"_ _7\"></span>loyee compensation plans<span class=\"_ _9\"></span>. These include the<span class=\"_ _9\"></span> share opt<span class=\"_ _9\"></span>ion schemes,<span class=\"_ _9\"></span> and th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s Per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>manc<span class=\"_ _7\"></span>e Share Pl<span class=\"_ _7\"></span>ans, outli<span class=\"_ _7\"></span>ned in th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> Direct<span class=\"_ _9\"></span>ors\u2019<span class=\"_ _9\"></span> remuneration r<span class=\"_ _9\"></span>epor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>, toge<span class=\"_ _9\"></span>ther with t<span class=\"_ _9\"></span>he Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s Save<span class=\"_ _9\"></span> As Y<span class=\"_ _a\"></span>o<span class=\"_ _7\"></span>u Earn (SA<span class=\"_ _9\"></span>YE) s<span class=\"_ _7\"></span>chem<span class=\"_ _7\"></span>es. Th<span class=\"_ _7\"></span>e fair valu<span class=\"_ _7\"></span>e of the empl<span class=\"_ _7\"></span>oyee ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ices re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>ved, meas<span class=\"_ _7\"></span>ured at gra<span class=\"_ _7\"></span>nt date, in ex<span class=\"_ _9\"></span>cha<span class=\"_ _7\"></span>nge for the gra<span class=\"_ _7\"></span>nt of the awards is rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed as a<span class=\"_ _7\"></span>n expens<span class=\"_ _7\"></span>e, with the corresponding credit being recorded in<span class=\"_ _9\"></span> retained earnings withi<span class=\"_ _7\"></span>n equi<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>. The total am<span class=\"_ _7\"></span>ount to be expe<span class=\"_ _7\"></span>nsed over th<span class=\"_ _7\"></span>e vesting per<span class=\"_ _7\"></span>iod is d<span class=\"_ _7\"></span>et<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rmine<span class=\"_ _7\"></span>d by referenc<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o the fa<span class=\"_ _7\"></span>ir value of th<span class=\"_ _7\"></span>e awards gran<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed, excludi<span class=\"_ _7\"></span>ng the impa<span class=\"_ _7\"></span>ct of any non-m<span class=\"_ _7\"></span>arket vestin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> conditions<span class=\"_ _9\"></span> (for e<span class=\"_ _9\"></span>xample,<span class=\"_ _9\"></span> profitability or ne<span class=\"_ _9\"></span>t asset gro<span class=\"_ _9\"></span>w<span class=\"_ _7\"></span>th<span class=\"_ _9\"></span> targets<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>. Non-mark<span class=\"_ _9\"></span>et vesti<span class=\"_ _9\"></span>ng conditions ar<span class=\"_ _9\"></span>e included in assump<span class=\"_ _9\"></span>tions<span class=\"_ _9\"></span> abo<span class=\"_ _7\"></span>ut the num<span class=\"_ _7\"></span>ber of awards that a<span class=\"_ _7\"></span>re expec<span class=\"_ _7\"></span>ted t<span class=\"_ _9\"></span>o be<span class=\"_ _7\"></span>come exercisa<span class=\"_ _7\"></span>ble. At each ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e sheet d<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup revise<span class=\"_ _7\"></span>s its estim<span class=\"_ _7\"></span>ates of the numb<span class=\"_ _7\"></span>er of awards that are ex<span class=\"_ _7\"></span>pected to vest.<span class=\"_ _304\"> </span>The Group r<span class=\"_ _9\"></span>ecognises the impact<span class=\"_ _9\"></span> of the<span class=\"_ _9\"></span> revision o<span class=\"_ _9\"></span>f <span class=\"ls8 ws4\"> </span>ori<span class=\"_ _7\"></span>ginal e<span class=\"_ _7\"></span>stimates, if a<span class=\"_ _7\"></span>ny<span class=\"_ _a\"></span>, in the i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement, and a corresponding adjustment t<span class=\"_ _9\"></span>o equity<span class=\"_ _a\"></span>, in periods in which <span class=\"ls8 ws4\"> </span>the e<span class=\"_ _7\"></span>stimates are rev<span class=\"_ _7\"></span>ise<span class=\"_ _7\"></span>d.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>n the terms a<span class=\"_ _7\"></span>nd con<span class=\"_ _7\"></span>ditions of a<span class=\"_ _7\"></span>n equi<span class=\"_ _7\"></span>ty set<span class=\"_ _7\"></span>tled <span class=\"ls8 ws4\"> </span>share-based emplo<span class=\"_ _9\"></span>yee compensation<span class=\"_ _9\"></span> plan are modified<span class=\"_ _9\"></span>, and th<span class=\"_ _7\"></span>e expens<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o be re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>es as a re<span class=\"_ _7\"></span>sult of the modi<span class=\"_ _7\"></span>fication, the<span class=\"_ _7\"></span>n the inc<span class=\"_ _7\"></span>rease is re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised eve<span class=\"_ _7\"></span>nly over the remaining vest<span class=\"_ _9\"></span>ing period. When a modificat<span class=\"_ _9\"></span>ion reduces the<span class=\"_ _9\"></span> expe<span class=\"_ _7\"></span>nse to be reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d, there is no adj<span class=\"_ _7\"></span>ustme<span class=\"_ _7\"></span>nt recog<span class=\"_ _7\"></span>nised and th<span class=\"_ _7\"></span>e pre-mod<span class=\"_ _7\"></span>ificatio<span class=\"_ _7\"></span>n expen<span class=\"_ _7\"></span>se contin<span class=\"_ _7\"></span>ues to be app<span class=\"_ _7\"></span>lied. <span class=\"ls8 ws4\"> </span>The p<span class=\"_ _7\"></span>rocee<span class=\"_ _7\"></span>ds rec<span class=\"_ _7\"></span>eived, net of a<span class=\"_ _7\"></span>ny directly at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utab<span class=\"_ _7\"></span>le trans<span class=\"_ _7\"></span>action c<span class=\"_ _7\"></span>osts, are cre<span class=\"_ _7\"></span>dited to share ca<span class=\"_ _7\"></span>pita<span class=\"_ _7\"></span>l and sha<span class=\"_ _7\"></span>re premium when t<span class=\"_ _9\"></span>he option<span class=\"_ _9\"></span>s are e<span class=\"_ _9\"></span>xercised<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(d) T<span class=\"_ _a\"></span>erm<span class=\"_ _7\"></span>ination b<span class=\"_ _7\"></span>enefi<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>ermination benefit<span class=\"_ _9\"></span>s are pa<span class=\"_ _9\"></span>yable when emplo<span class=\"_ _9\"></span>yment is termi<span class=\"_ _7\"></span>nated before the no<span class=\"_ _7\"></span>rmal reti<span class=\"_ _7\"></span>rement d<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>, or wh<span class=\"_ _7\"></span>enever a<span class=\"_ _7\"></span>n emp<span class=\"_ _7\"></span>loyee acc<span class=\"_ _7\"></span>epts volunta<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y redund<span class=\"_ _7\"></span>ancy in excha<span class=\"_ _7\"></span>nge for the<span class=\"_ _7\"></span>se benefits.<span class=\"_ _9\"></span> The Group recognises t<span class=\"_ _9\"></span>ermination<span class=\"_ _9\"></span> benefits when it is<span class=\"_ _9\"></span> demonstrably committ<span class=\"_ _9\"></span>ed to<span class=\"_ _9\"></span> either: t<span class=\"_ _9\"></span>erminating t<span class=\"_ _9\"></span>he employment<span class=\"_ _9\"></span> of curr<span class=\"_ _9\"></span>ent employ<span class=\"_ _9\"></span>ees according t<span class=\"_ _9\"></span>o a det<span class=\"_ _9\"></span>ailed formal plan without<span class=\"_ _9\"></span> pos<span class=\"_ _7\"></span>sibili<span class=\"_ _7\"></span>ty of wi<span class=\"_ _7\"></span>thdrawal; or providi<span class=\"_ _7\"></span>ng termin<span class=\"_ _7\"></span>ation be<span class=\"_ _7\"></span>nefits as a resu<span class=\"_ _7\"></span>lt of an of<span class=\"_ _7\"></span>fer mad<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o en<span class=\"_ _7\"></span>coura<span class=\"_ _7\"></span>ge volunta<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y redun<span class=\"_ _7\"></span>dancy<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(e<span class=\"_ _9\"></span>) Profit sha<span class=\"_ _7\"></span>ring a<span class=\"_ _7\"></span>nd bonu<span class=\"_ _7\"></span>s plan<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>ses a lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y an<span class=\"_ _7\"></span>d an expe<span class=\"_ _7\"></span>nse for bon<span class=\"_ _7\"></span>uses <span class=\"ls8 ws4\"> </span>and profit sha<span class=\"_ _7\"></span>ring, bas<span class=\"_ _7\"></span>ed on a for<span class=\"_ _7\"></span>mula that ta<span class=\"_ _7\"></span>kes into<span class=\"_ _9\"></span> consideration<span class=\"_ _9\"></span> the pro<span class=\"_ _9\"></span>fit attributable t<span class=\"_ _9\"></span>o the<span class=\"_ _9\"></span> Company\u2019<span class=\"_ _a\"></span>s sha<span class=\"_ _7\"></span>rehol<span class=\"_ _7\"></span>ders af<span class=\"_ _7\"></span>ter c<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>tain ad<span class=\"_ _7\"></span>justme<span class=\"_ _7\"></span>nts. The G<span class=\"_ _7\"></span>roup reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>s a pro<span class=\"_ _9\"></span>vision where a<span class=\"_ _9\"></span> contractual<span class=\"_ _9\"></span> obligation t<span class=\"_ _9\"></span>o emplo<span class=\"_ _9\"></span>yees <span class=\"ls8 ws4\"> </span>exists or w<span class=\"_ _7\"></span>here the<span class=\"_ _7\"></span>re is a past p<span class=\"_ _7\"></span>ractice th<span class=\"_ _7\"></span>at has cre<span class=\"_ _7\"></span>ated a<span class=\"_ _9\"></span> constructiv<span class=\"_ _9\"></span>e obligat<span class=\"_ _9\"></span>ion.<span class=\"_ _304\"> </span>2.<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>4 Financ<span class=\"_ _7\"></span>e cost<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>Fina<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>sts consi<span class=\"_ _7\"></span>st of interest c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s accr<span class=\"_ _7\"></span>uing on th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s borrowin<span class=\"_ _7\"></span>gs and ba<span class=\"_ _7\"></span>nk overdraf<span class=\"_ _7\"></span>ts togethe<span class=\"_ _7\"></span>r with com<span class=\"_ _7\"></span>missi<span class=\"_ _7\"></span>on fee<span class=\"_ _7\"></span>s charge<span class=\"_ _7\"></span>d in res<span class=\"_ _7\"></span>pect of Let<span class=\"_ _7\"></span>ters of Cre<span class=\"_ _7\"></span>dit <span class=\"ls8 ws4\"> </span>and int<span class=\"_ _9\"></span>erest in r<span class=\"_ _9\"></span>espect of lease liabilit<span class=\"_ _9\"></span>ies and funds withheld<span class=\"_ _9\"></span>. Ar<span class=\"_ _7\"></span>range<span class=\"_ _7\"></span>ment fe<span class=\"_ _7\"></span>es in re<span class=\"_ _7\"></span>spec<span class=\"_ _7\"></span>t of financ<span class=\"_ _7\"></span>ing ar<span class=\"_ _7\"></span>range<span class=\"_ _7\"></span>ments <span class=\"ls8 ws4\"> </span>are ch<span class=\"_ _7\"></span>arged over th<span class=\"_ _7\"></span>e life of the rel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed f<span class=\"_ _7\"></span>aciliti<span class=\"_ _7\"></span>es.<span class=\"_ _304\"> </span>2.<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>5 Leases<span class=\"_ _304\"> </span>(a) Hiscox as le<span class=\"_ _7\"></span>ssee<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>ses ri<span class=\"_ _7\"></span>ght<span class=\"_ _9\"></span>-of-use as<span class=\"_ _7\"></span>sets at the com<span class=\"_ _7\"></span>menc<span class=\"_ _7\"></span>emen<span class=\"_ _7\"></span>t date of t<span class=\"_ _9\"></span>he l<span class=\"_ _7\"></span>ease (for exa<span class=\"_ _7\"></span>mple, the date the <span class=\"ls8 ws4\"> </span>underlying asset is a<span class=\"_ _9\"></span>vailable f<span class=\"_ _9\"></span>or use)<span class=\"_ _a\"></span>. Right<span class=\"_ _9\"></span>-of<span class=\"_ _9\"></span>-use asset<span class=\"_ _9\"></span>s <span class=\"ls8 ws4\"> </span>are me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d at cost, les<span class=\"_ _7\"></span>s any accu<span class=\"_ _7\"></span>mulated de<span class=\"_ _7\"></span>preci<span class=\"_ _7\"></span>ation <span class=\"ls8 ws4\"> </span>and im<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>ment lo<span class=\"_ _7\"></span>sses, a<span class=\"_ _7\"></span>nd adjusted fo<span class=\"_ _7\"></span>r any reme<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>ment <span class=\"ls8 ws4\"> </span>of lease<span class=\"_ _9\"></span> liabilities. The cos<span class=\"_ _9\"></span>t of right<span class=\"_ _a\"></span>-of-<span class=\"_ _9\"></span>use assets incl<span class=\"_ _9\"></span>udes <span class=\"ls8 ws4\"> </span>the amoun<span class=\"_ _9\"></span>t of lease liabil<span class=\"_ _9\"></span>ities recognised,<span class=\"_ _9\"></span> initial dir<span class=\"_ _9\"></span>ect <span class=\"ls8 ws4\"> </span>costs i<span class=\"_ _7\"></span>ncurre<span class=\"_ _7\"></span>d, and lea<span class=\"_ _7\"></span>se payme<span class=\"_ _7\"></span>nts made at o<span class=\"_ _7\"></span>r before <span class=\"ls8 ws4\"> </span>the co<span class=\"_ _7\"></span>mmenc<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt date<span class=\"_ _9\"></span>, le<span class=\"_ _7\"></span>ss any le<span class=\"_ _7\"></span>ase in<span class=\"_ _7\"></span>centive<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span>rece<span class=\"_ _7\"></span>ived. Unl<span class=\"_ _7\"></span>ess the G<span class=\"_ _7\"></span>roup is re<span class=\"_ _7\"></span>asona<span class=\"_ _7\"></span>bly ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain to obtain owne<span class=\"_ _7\"></span>rship of th<span class=\"_ _7\"></span>e leas<span class=\"_ _7\"></span>ed ass<span class=\"_ _7\"></span>et at the end of the l<span class=\"_ _7\"></span>ease ter<span class=\"_ _7\"></span>m,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>the rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed rig<span class=\"_ _7\"></span>ht<span class=\"_ _9\"></span>-of-use ass<span class=\"_ _7\"></span>ets are dep<span class=\"_ _7\"></span>reciated o<span class=\"_ _7\"></span>n a<span class=\"_ _9\"></span> strai<span class=\"_ _7\"></span>ght<span class=\"_ _9\"></span>-line b<span class=\"_ _7\"></span>asis over the s<span class=\"_ _7\"></span>hor<span class=\"_ _7\"></span>ter of their e<span class=\"_ _7\"></span>stimated us<span class=\"_ _7\"></span>eful <span class=\"ls8 ws4\"> </span>life an<span class=\"_ _7\"></span>d the lea<span class=\"_ _7\"></span>se term. Rig<span class=\"_ _7\"></span>ht<span class=\"_ _9\"></span>-of-use ass<span class=\"_ _7\"></span>ets are subj<span class=\"_ _7\"></span>ect to impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt. Right<span class=\"_ _9\"></span>-of-use as<span class=\"_ _7\"></span>sets are pre<span class=\"_ _7\"></span>sented on th<span class=\"_ _7\"></span>e <span class=\"ls8 ws4\"> </span>bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet as p<span class=\"_ _7\"></span>roper<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, p<span class=\"_ _7\"></span>lant an<span class=\"_ _7\"></span>d equip<span class=\"_ _7\"></span>ment.<span class=\"_ _304\"> </span>At the com<span class=\"_ _7\"></span>menc<span class=\"_ _7\"></span>ement d<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f the l<span class=\"_ _7\"></span>ease, the G<span class=\"_ _7\"></span>roup <span class=\"ls8 ws4\"> </span>reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>s lea<span class=\"_ _7\"></span>se liab<span class=\"_ _7\"></span>ilitie<span class=\"_ _7\"></span>s meas<span class=\"_ _7\"></span>ured at the p<span class=\"_ _7\"></span>resent va<span class=\"_ _7\"></span>lue of lea<span class=\"_ _7\"></span>se payme<span class=\"_ _7\"></span>nts to be made over the le<span class=\"_ _7\"></span>ase ter<span class=\"_ _7\"></span>m. The le<span class=\"_ _7\"></span>ase payme<span class=\"_ _7\"></span>nts inclu<span class=\"_ _7\"></span>de fixed paym<span class=\"_ _7\"></span>ents le<span class=\"_ _7\"></span>ss any le<span class=\"_ _7\"></span>ase inc<span class=\"_ _7\"></span>entives rece<span class=\"_ _7\"></span>ivabl<span class=\"_ _7\"></span>e, variab<span class=\"_ _7\"></span>le lea<span class=\"_ _7\"></span>se payme<span class=\"_ _7\"></span>nts that dep<span class=\"_ _7\"></span>end on a<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span>index or a r<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>, and a<span class=\"_ _7\"></span>mounts exp<span class=\"_ _7\"></span>ected to be pai<span class=\"_ _7\"></span>d unde<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>resi<span class=\"_ _7\"></span>dual val<span class=\"_ _7\"></span>ue gua<span class=\"_ _7\"></span>rantees. T<span class=\"_ _7\"></span>he lea<span class=\"_ _7\"></span>se payme<span class=\"_ _7\"></span>nts also in<span class=\"_ _7\"></span>clude the exercise p<span class=\"_ _7\"></span>rice of a pu<span class=\"_ _7\"></span>rchase o<span class=\"_ _7\"></span>ption reas<span class=\"_ _7\"></span>onab<span class=\"_ _7\"></span>ly cer<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>in to be ex<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rcised by the G<span class=\"_ _7\"></span>roup and p<span class=\"_ _7\"></span>ayments of pe<span class=\"_ _7\"></span>nalti<span class=\"_ _7\"></span>es for termi<span class=\"_ _7\"></span>nating a le<span class=\"_ _7\"></span>ase, if the le<span class=\"_ _7\"></span>ase term re<span class=\"_ _7\"></span>flects the G<span class=\"_ _7\"></span>roup ex<span class=\"_ _9\"></span>ercising t<span class=\"_ _9\"></span>he option<span class=\"_ _9\"></span> to<span class=\"_ _9\"></span> terminat<span class=\"_ _9\"></span>e.<span class=\"_ _9\"></span> The variable lease payment<span class=\"_ _9\"></span>s that do not d<span class=\"_ _7\"></span>epen<span class=\"_ _7\"></span>d on an ind<span class=\"_ _7\"></span>ex or a rate are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as an exp<span class=\"_ _7\"></span>ense in th<span class=\"_ _7\"></span>e peri<span class=\"_ _7\"></span>od in wh<span class=\"_ _7\"></span>ich the event o<span class=\"_ _7\"></span>r condi<span class=\"_ _7\"></span>tion that triggers the<span class=\"_ _9\"></span> payment occurs.<span class=\"_ _9\"></span> Lease liabilities ar<span class=\"_ _9\"></span>e included in<span class=\"_ _9\"></span> trade a<span class=\"_ _7\"></span>nd other payabl<span class=\"_ _7\"></span>es on the b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et.<span class=\"_ _304\"> </span>In ca<span class=\"_ _7\"></span>lculatin<span class=\"_ _7\"></span>g the pres<span class=\"_ _7\"></span>ent value of l<span class=\"_ _7\"></span>ease pay<span class=\"_ _7\"></span>ments, the Grou<span class=\"_ _7\"></span>p uses the i<span class=\"_ _7\"></span>ncrem<span class=\"_ _7\"></span>ental b<span class=\"_ _7\"></span>orrowin<span class=\"_ _7\"></span>g rate at the lease com<span class=\"_ _7\"></span>menc<span class=\"_ _7\"></span>emen<span class=\"_ _7\"></span>t date if the interest r<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e im<span class=\"_ _7\"></span>plicit i<span class=\"_ _7\"></span>n the lea<span class=\"_ _7\"></span>se is not readi<span class=\"_ _7\"></span>ly determ<span class=\"_ _7\"></span>inab<span class=\"_ _7\"></span>le. After th<span class=\"_ _7\"></span>e comm<span class=\"_ _7\"></span>ence<span class=\"_ _7\"></span>ment date, the amount o<span class=\"_ _9\"></span>f lease liabilities i<span class=\"_ _9\"></span>s increased t<span class=\"_ _9\"></span>o reflect t<span class=\"_ _9\"></span>he accret<span class=\"_ _9\"></span>ion of interest a<span class=\"_ _7\"></span>nd redu<span class=\"_ _7\"></span>ced for the l<span class=\"_ _7\"></span>ease p<span class=\"_ _7\"></span>ayments ma<span class=\"_ _7\"></span>de. In addition<span class=\"_ _9\"></span>, the<span class=\"_ _9\"></span> carr<span class=\"_ _7\"></span>ying amount of<span class=\"_ _9\"></span> lease liabilities is<span class=\"_ _9\"></span> remeasured if the<span class=\"_ _7\"></span>re is a modi<span class=\"_ _7\"></span>fication th<span class=\"_ _7\"></span>at is not acco<span class=\"_ _7\"></span>unted for as a se<span class=\"_ _7\"></span>parate lea<span class=\"_ _7\"></span>se: future le<span class=\"_ _7\"></span>ase paym<span class=\"_ _7\"></span>ents that are li<span class=\"_ _7\"></span>nked to a rat<span class=\"_ _9\"></span>e or in<span class=\"_ _7\"></span>dex, a cha<span class=\"_ _7\"></span>nge in the l<span class=\"_ _7\"></span>ease ter<span class=\"_ _7\"></span>m, a chang<span class=\"_ _7\"></span>e in the in-su<span class=\"_ _7\"></span>bstanc<span class=\"_ _7\"></span>e fixed lea<span class=\"_ _7\"></span>se payme<span class=\"_ _7\"></span>nts, a chang<span class=\"_ _7\"></span>e in the as<span class=\"_ _7\"></span>sess<span class=\"_ _7\"></span>ment to purch<span class=\"_ _7\"></span>ase the und<span class=\"_ _7\"></span>erly<span class=\"_ _7\"></span>ing as<span class=\"_ _7\"></span>set or a ch<span class=\"_ _7\"></span>ange in th<span class=\"_ _7\"></span>e amounts ex<span class=\"_ _7\"></span>pected to be payable u<span class=\"_ _7\"></span>nder a re<span class=\"_ _7\"></span>sidu<span class=\"_ _7\"></span>al value g<span class=\"_ _7\"></span>uara<span class=\"_ _7\"></span>ntee.<span class=\"_ _304\"> </span>The Group applies t<span class=\"_ _9\"></span>he shor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-<span class=\"_ _9\"></span>t<span class=\"_ _9\"></span>erm lease recognition<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>ex<span class=\"_ _9\"></span>emption<span class=\"_ _9\"></span> to it<span class=\"_ _9\"></span>s applicable short-<span class=\"_ _9\"></span>t<span class=\"_ _9\"></span>erm leases. It also<span class=\"_ _9\"></span> applies the low-value as<span class=\"_ _7\"></span>sets reco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n ex<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ption to lease<span class=\"_ _7\"></span>s of of<span class=\"_ _7\"></span>fice equ<span class=\"_ _7\"></span>ipmen<span class=\"_ _7\"></span>t that are con<span class=\"_ _7\"></span>side<span class=\"_ _7\"></span>red of low value. Lea<span class=\"_ _7\"></span>se payme<span class=\"_ _7\"></span>nts on sh<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>m leas<span class=\"_ _7\"></span>es and l<span class=\"_ _7\"></span>ease<span class=\"_ _7\"></span>s of low-<span class=\"_ _9\"></span>valu<span class=\"_ _7\"></span>e asse<span class=\"_ _7\"></span>ts are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as an exp<span class=\"_ _7\"></span>ense o<span class=\"_ _7\"></span>n a straight-line ba<span class=\"_ _7\"></span>sis over the lease<span class=\"_ _9\"></span> term<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(b) Hiscox as le<span class=\"_ _7\"></span>sso<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span>Rent<span class=\"_ _7\"></span>al inco<span class=\"_ _7\"></span>me from o<span class=\"_ _7\"></span>perating l<span class=\"_ _7\"></span>ease<span class=\"_ _7\"></span>s is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed <span class=\"ls8 ws4\"> </span>on a stra<span class=\"_ _7\"></span>ight<span class=\"_ _9\"></span>-lin<span class=\"_ _7\"></span>e basis over th<span class=\"_ _7\"></span>e term of the rel<span class=\"_ _7\"></span>evant <span class=\"ls8 ws4\"> </span>contractual agreeme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>2.<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>6 Divi<span class=\"_ _7\"></span>dend distribution<span class=\"_ _304\"> </span>Div<span class=\"_ _7\"></span>ide<span class=\"_ _7\"></span>nd distri<span class=\"_ _7\"></span>bution to the Co<span class=\"_ _7\"></span>mpany\u2019<span class=\"_ _9\"></span>s sha<span class=\"_ _7\"></span>rehold<span class=\"_ _7\"></span>ers is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as a lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y in the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements <span class=\"ls8 ws4\"> </span>in the pe<span class=\"_ _7\"></span>riod i<span class=\"_ _7\"></span>n whic<span class=\"_ _7\"></span>h the div<span class=\"_ _7\"></span>idend<span class=\"_ _7\"></span>s are app<span class=\"_ _7\"></span>roved.<span class=\"_ _304\"> </span>2.<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>7 O<span class=\"_ _7\"></span>per<span class=\"_ _7\"></span>atio<span class=\"_ _7\"></span>ns held f<span class=\"_ _7\"></span>or sa<span class=\"_ _7\"></span>le<span class=\"_ _304\"> </span>Ass<span class=\"_ _7\"></span>ets and lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es hel<span class=\"_ _7\"></span>d for disp<span class=\"_ _7\"></span>osal a<span class=\"_ _7\"></span>s par<span class=\"_ _7\"></span>t of ope<span class=\"_ _7\"></span>rations whi<span class=\"_ _7\"></span>ch are he<span class=\"_ _7\"></span>ld for sal<span class=\"_ _7\"></span>e are show<span class=\"_ _7\"></span>n separ<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>el<span class=\"_ _7\"></span>y in the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>stateme<span class=\"_ _7\"></span>nt of financ<span class=\"_ _7\"></span>ial pos<span class=\"_ _7\"></span>ition. Op<span class=\"_ _7\"></span>eration<span class=\"_ _7\"></span>s held for s<span class=\"_ _7\"></span>ale are reco<span class=\"_ _7\"></span>rded at the l<span class=\"_ _7\"></span>ower of their ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng amou<span class=\"_ _7\"></span>nt and the<span class=\"_ _7\"></span>ir fair value l<span class=\"_ _7\"></span>ess th<span class=\"_ _7\"></span>e estimated se<span class=\"_ _7\"></span>lling c<span class=\"_ _7\"></span>osts.<span class=\"_ _304\"> </span>2.<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>8 Use of significant judgements, es<span class=\"_ _7\"></span>timates<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>and assumptions<span class=\"_ _9\"></span> The p<span class=\"_ _7\"></span>repar<span class=\"_ _7\"></span>ation of finan<span class=\"_ _7\"></span>cial st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ents req<span class=\"_ _7\"></span>uires the G<span class=\"_ _7\"></span>roup <span class=\"ls8 ws4\"> </span>t<span class=\"_ _9\"></span>o select accounting<span class=\"_ _9\"></span> policies and make<span class=\"_ _9\"></span> judgements,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>estim<span class=\"_ _7\"></span>ates and as<span class=\"_ _7\"></span>sumptio<span class=\"_ _7\"></span>ns that af<span class=\"_ _7\"></span>fect the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ted <span class=\"ls8 ws4\"> </span>amo<span class=\"_ _7\"></span>unts of assets, li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties, inco<span class=\"_ _7\"></span>me and ex<span class=\"_ _7\"></span>pense<span class=\"_ _7\"></span>s in <span class=\"ls8 ws4\"> </span>the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated financ<span class=\"_ _7\"></span>ial statem<span class=\"_ _7\"></span>ents.<span class=\"_ _304\"> </span>The Audit Committ<span class=\"_ _9\"></span>ee reviews<span class=\"_ _9\"></span> the reasonableness of<span class=\"_ _9\"></span> critical judgements,<span class=\"_ _9\"></span> estimat<span class=\"_ _9\"></span>es and assumpt<span class=\"_ _9\"></span>ions applied and t<span class=\"_ _9\"></span>he appropriat<span class=\"_ _9\"></span>eness of mat<span class=\"_ _9\"></span>erial account<span class=\"_ _9\"></span>ing policies inf<span class=\"_ _9\"></span>ormation<span class=\"_ _9\"></span>. The significant issues considered<span class=\"_ _9\"></span> by the<span class=\"_ _9\"></span> Committee in t<span class=\"_ _9\"></span>he <span class=\"ls8 ws4\"> </span>year are<span class=\"_ _9\"></span> included within t<span class=\"_ _9\"></span>he Audit Committ<span class=\"_ _9\"></span>ee repor<span class=\"_ _7\"></span>t on<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>page<span class=\"_ _7\"></span>s 99 to 1<span class=\"_ _a\"></span>01<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>Significant account<span class=\"_ _9\"></span>ing judgements<span class=\"_ _304\"> </span>The following<span class=\"_ _9\"></span> accounting policies are<span class=\"_ _9\"></span> those considered t<span class=\"_ _9\"></span>o hav<span class=\"_ _9\"></span>e a significant imp<span class=\"_ _9\"></span>act on the<span class=\"_ _9\"></span> amounts recognised<span class=\"_ _9\"></span> in the<span class=\"_ _9\"></span> cons<span class=\"_ _7\"></span>olidated fi<span class=\"_ _7\"></span>nanci<span class=\"_ _7\"></span>al stateme<span class=\"_ _7\"></span>nts.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>Consolida<span class=\"_ _9\"></span>tion<span class=\"_ _9\"></span>: assessment of whe<span class=\"_ _9\"></span>ther the Gr<span class=\"_ _9\"></span>oup control<span class=\"_ _9\"></span>s </span>or ha<span class=\"_ _7\"></span>s signi<span class=\"_ _7\"></span>ficant in<span class=\"_ _7\"></span>fluenc<span class=\"_ _7\"></span>e over unde<span class=\"_ _7\"></span>rly<span class=\"_ _7\"></span>ing enti<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>, for example<span class=\"_ _9\"></span>, the<span class=\"_ _9\"></span> treatment<span class=\"_ _9\"></span> of insur<span class=\"_ _9\"></span>ance-linked securities<span class=\"_ _9\"></span> funds including<span class=\"_ _9\"></span> consideration o<span class=\"_ _9\"></span>f its decision-<span class=\"_ _9\"></span>making authority and its<span class=\"_ _9\"></span> rights t<span class=\"_ _9\"></span>o the<span class=\"_ _9\"></span> variable returns<span class=\"_ _9\"></span> from the<span class=\"_ _9\"></span> entity<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>Financial in<span class=\"_ _9\"></span>vestment<span class=\"_ _9\"></span>s:<span class=\"_ _9\"></span> classification and measur<span class=\"_ _9\"></span>ement <span class=\"ls8 ws4\"> </span></span>of investme<span class=\"_ _7\"></span>nts inclu<span class=\"_ _7\"></span>ding the a<span class=\"_ _7\"></span>pplic<span class=\"_ _7\"></span>ation of the fai<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>value op<span class=\"_ _9\"></span>tion.<span class=\"_ _304\"> </span>Insurance an<span class=\"_ _7\"></span>d reinsurance contracts<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Liability for incurr<span class=\"_ _9\"></span>ed claims<span class=\"_ _304\"> </span>The u<span class=\"_ _7\"></span>ltimate cost of ou<span class=\"_ _7\"></span>tstand<span class=\"_ _7\"></span>ing cla<span class=\"_ _7\"></span>ims is es<span class=\"_ _7\"></span>timated by <span class=\"ls8 ws4\"> </span>using a range<span class=\"_ _9\"></span> of standar<span class=\"_ _9\"></span>d actuarial claims pr<span class=\"_ _9\"></span>ojection<span class=\"_ _9\"></span> techniques<span class=\"_ _9\"></span>. The Group relies on<span class=\"_ _9\"></span> actuarial analysis t<span class=\"_ _9\"></span>o<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>estim<span class=\"_ _7\"></span>ate the settle<span class=\"_ _7\"></span>ment c<span class=\"_ _7\"></span>ost of futu<span class=\"_ _7\"></span>re claim<span class=\"_ _7\"></span>s. Via a for<span class=\"_ _7\"></span>mal gov<span class=\"_ _9\"></span>erned process, there<span class=\"_ _9\"></span> is close communicat<span class=\"_ _9\"></span>ion between <span class=\"ls8 ws4\"> </span>the actu<span class=\"_ _7\"></span>arie<span class=\"_ _7\"></span>s and othe<span class=\"_ _7\"></span>r key stakehold<span class=\"_ _7\"></span>ers, su<span class=\"_ _7\"></span>ch as the <span class=\"ls8 ws4\"> </span>und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wri<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rs, claim<span class=\"_ _7\"></span>s and fin<span class=\"_ _7\"></span>ance tea<span class=\"_ _7\"></span>ms whe<span class=\"_ _7\"></span>n settin<span class=\"_ _7\"></span>g <span class=\"ls8 ws4\"> </span>and valida<span class=\"_ _9\"></span>ting the<span class=\"_ _9\"></span> assumptions<span class=\"_ _9\"></span>. The main assumpt<span class=\"_ _9\"></span>ion und<span class=\"_ _7\"></span>erly<span class=\"_ _7\"></span>ing the<span class=\"_ _7\"></span>se techni<span class=\"_ _7\"></span>ques i<span class=\"_ _7\"></span>s that a Group\u2019<span class=\"_ _9\"></span>s past cla<span class=\"_ _7\"></span>ims develo<span class=\"_ _7\"></span>pment ex<span class=\"_ _7\"></span>per<span class=\"_ _7\"></span>ienc<span class=\"_ _7\"></span>e can be u<span class=\"_ _7\"></span>sed to projec<span class=\"_ _7\"></span>t future <span class=\"ls8 ws4\"> </span>claims dev<span class=\"_ _9\"></span>elopment and hence ulti<span class=\"_ _9\"></span>mate<span class=\"_ _9\"></span> claims costs<span class=\"_ _9\"></span>. The<span class=\"_ _7\"></span>se metho<span class=\"_ _7\"></span>ds extr<span class=\"_ _7\"></span>apolate the d<span class=\"_ _7\"></span>evelopm<span class=\"_ _7\"></span>ent of paid a<span class=\"_ _7\"></span>nd incurred losses,<span class=\"_ _9\"></span> avera<span class=\"_ _9\"></span>ge costs per claim<span class=\"_ _9\"></span> (including claims<span class=\"_ _9\"></span> han<span class=\"_ _7\"></span>dling co<span class=\"_ _7\"></span>sts)<span class=\"_ _9\"></span>, and cla<span class=\"_ _7\"></span>im numb<span class=\"_ _7\"></span>ers ba<span class=\"_ _7\"></span>sed on the o<span class=\"_ _7\"></span>bser<span class=\"_ _7\"></span>ve<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> develo<span class=\"_ _7\"></span>pment of e<span class=\"_ _7\"></span>arli<span class=\"_ _7\"></span>er year<span class=\"_ _7\"></span>s and exp<span class=\"_ _7\"></span>ected lo<span class=\"_ _7\"></span>ss ratios. Hist<span class=\"_ _9\"></span>orical claims development is mainly analysed b<span class=\"_ _9\"></span>y accident<span class=\"_ _9\"></span> year<span class=\"_ _7\"></span>s, but ca<span class=\"_ _7\"></span>n also be f<span class=\"_ _7\"></span>ur<span class=\"_ _7\"></span>ther a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>ed by geo<span class=\"_ _7\"></span>graph<span class=\"_ _7\"></span>ical a<span class=\"_ _7\"></span>rea,<span class=\"_ _304\"> </span>as well a<span class=\"_ _7\"></span>s by signi<span class=\"_ _7\"></span>ficant bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss lin<span class=\"_ _7\"></span>es and c<span class=\"_ _7\"></span>laim t<span class=\"_ _7\"></span>ype<span class=\"_ _7\"></span>s. In <span class=\"ls8 ws4\"> </span>most c<span class=\"_ _7\"></span>ases, no ex<span class=\"_ _7\"></span>plici<span class=\"_ _7\"></span>t assu<span class=\"_ _7\"></span>mptions are m<span class=\"_ _7\"></span>ade reg<span class=\"_ _7\"></span>arding <span class=\"ls8 ws4\"> </span>futu<span class=\"_ _7\"></span>re rates of claim<span class=\"_ _7\"></span>s inflation o<span class=\"_ _7\"></span>r loss rati<span class=\"_ _7\"></span>os. Instead, the assumption<span class=\"_ _9\"></span>s used are t<span class=\"_ _9\"></span>hose implicit in<span class=\"_ _9\"></span> the hist<span class=\"_ _9\"></span>orical claims<span class=\"_ _9\"></span> develo<span class=\"_ _7\"></span>pment d<span class=\"_ _7\"></span>ata on wh<span class=\"_ _7\"></span>ich the proj<span class=\"_ _7\"></span>ectio<span class=\"_ _7\"></span>ns are base<span class=\"_ _7\"></span>d.<span class=\"_ _9\"></span> Additi<span class=\"_ _7\"></span>onal qu<span class=\"_ _7\"></span>alitati<span class=\"_ _7\"></span>ve judge<span class=\"_ _7\"></span>ment is u<span class=\"_ _7\"></span>sed to asse<span class=\"_ _7\"></span>ss the ex<span class=\"_ _7\"></span>tent <span class=\"ls8 ws4\"> </span>to which pa<span class=\"_ _7\"></span>st trends m<span class=\"_ _7\"></span>ay not appl<span class=\"_ _7\"></span>y in future (for exa<span class=\"_ _7\"></span>mple, to<span class=\"_ _9\"></span> reflec<span class=\"_ _7\"></span>t one-<span class=\"_ _7\"></span>of<span class=\"_ _7\"></span>f occur<span class=\"_ _7\"></span>renc<span class=\"_ _7\"></span>es, cha<span class=\"_ _7\"></span>nges in ex<span class=\"_ _7\"></span>tern<span class=\"_ _7\"></span>al or ma<span class=\"_ _7\"></span>rket fact<span class=\"_ _9\"></span>ors such as public<span class=\"_ _9\"></span> attitudes t<span class=\"_ _9\"></span>o claiming<span class=\"_ _9\"></span>, economic conditions<span class=\"_ _9\"></span>, levels<span class=\"_ _9\"></span> of claims<span class=\"_ _9\"></span> inflation<span class=\"_ _9\"></span>, judicial decisions<span class=\"_ _9\"></span> and leg<span class=\"_ _7\"></span>islatio<span class=\"_ _7\"></span>n, as well as inter<span class=\"_ _7\"></span>nal fac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>s such as p<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tfol<span class=\"_ _7\"></span>io mix, poli<span class=\"_ _7\"></span>cy feature<span class=\"_ _7\"></span>s and cla<span class=\"_ _7\"></span>ims ha<span class=\"_ _7\"></span>ndling p<span class=\"_ _7\"></span>roced<span class=\"_ _7\"></span>ures) in orde<span class=\"_ _7\"></span>r t<span class=\"_ _9\"></span>o arr<span class=\"_ _7\"></span>ive at the es<span class=\"_ _7\"></span>timated ultim<span class=\"_ _7\"></span>ate cost of clai<span class=\"_ _7\"></span>ms that pres<span class=\"_ _7\"></span>ent <span class=\"ls8 ws4\"> </span>the pr<span class=\"_ _9\"></span>obability-w<span class=\"_ _9\"></span>eight<span class=\"_ _9\"></span>ed expected v<span class=\"_ _9\"></span>alue out<span class=\"_ _9\"></span>come from<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>the ran<span class=\"_ _7\"></span>ge of poss<span class=\"_ _7\"></span>ible ou<span class=\"_ _7\"></span>tcomes, ta<span class=\"_ _7\"></span>king ac<span class=\"_ _7\"></span>count of a<span class=\"_ _7\"></span>ll the uncer<span class=\"_ _7\"></span>taint<span class=\"_ _9\"></span>ies involv<span class=\"_ _9\"></span>ed.<span class=\"_ _304\"> </span>(b<span class=\"_ _9\"></span>) Risk adjust<span class=\"_ _9\"></span>ment for non<span class=\"_ _9\"></span>-financial risk<span class=\"_ _304\"> </span>The risk adjust<span class=\"_ _9\"></span>ment for non<span class=\"_ _9\"></span>-financial risk<span class=\"_ _9\"></span> is the compensat<span class=\"_ _9\"></span>ion that the G<span class=\"_ _7\"></span>roup requ<span class=\"_ _7\"></span>ires for be<span class=\"_ _7\"></span>ari<span class=\"_ _7\"></span>ng the unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>taint<span class=\"_ _7\"></span>y ab<span class=\"_ _7\"></span>out the amo<span class=\"_ _7\"></span>unt and tim<span class=\"_ _7\"></span>ing of the cas<span class=\"_ _7\"></span>h flows of groups of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts. The r<span class=\"_ _7\"></span>isk adju<span class=\"_ _7\"></span>stment refl<span class=\"_ _7\"></span>ects an a<span class=\"_ _7\"></span>mount that a<span class=\"_ _7\"></span>n insu<span class=\"_ _7\"></span>rer would c<span class=\"_ _7\"></span>harge to make it in<span class=\"_ _7\"></span>dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nt betwe<span class=\"_ _7\"></span>en the c<span class=\"_ _7\"></span>ash flows with a r<span class=\"_ _7\"></span>ange of prob<span class=\"_ _7\"></span>able sc<span class=\"_ _7\"></span>ena<span class=\"_ _7\"></span>rios ver<span class=\"_ _7\"></span>sus eq<span class=\"_ _7\"></span>uival<span class=\"_ _7\"></span>ent <span class=\"ls8 ws4\"> </span>fixe<span class=\"_ _7\"></span>d cas<span class=\"_ _7\"></span>h flows.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>o det<span class=\"_ _9\"></span>ermine the risk a<span class=\"_ _9\"></span>djustment f<span class=\"_ _9\"></span>or non-<span class=\"_ _9\"></span>financial risk for<span class=\"_ _9\"></span> reinsurance con<span class=\"_ _9\"></span>tracts<span class=\"_ _9\"></span>, the Gr<span class=\"_ _9\"></span>oup applies a combinat<span class=\"_ _9\"></span>ion <span class=\"ls8 ws4\"> </span>of a value at r<span class=\"_ _7\"></span>isk (<span class=\"_ _7\"></span>V<span class=\"_ _9\"></span>aR) (or a pe<span class=\"_ _7\"></span>rcentil<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>) ap<span class=\"_ _7\"></span>proach a<span class=\"_ _7\"></span>nd a scenario-based approach bot<span class=\"_ _9\"></span>h gross and net<span class=\"_ _9\"></span> of reinsurance<span class=\"_ _9\"></span> and d<span class=\"_ _7\"></span>erive<span class=\"_ _7\"></span>s the amo<span class=\"_ _7\"></span>unt of risk b<span class=\"_ _7\"></span>eing tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>red to the <span class=\"ls8 ws4\"> </span>reins<span class=\"_ _7\"></span>urer as th<span class=\"_ _7\"></span>e dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nce bet<span class=\"_ _7\"></span>ween th<span class=\"_ _7\"></span>e two res<span class=\"_ _7\"></span>ults. Most busi<span class=\"_ _7\"></span>nes<span class=\"_ _7\"></span>s is meas<span class=\"_ _7\"></span>ured un<span class=\"_ _7\"></span>der the P<span class=\"_ _9\"></span>A<span class=\"_ _7\"></span>A mo<span class=\"_ _7\"></span>del an<span class=\"_ _7\"></span>d therefore <span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _7\"></span>up doe<span class=\"_ _7\"></span>s not calc<span class=\"_ _7\"></span>ulate a risk ad<span class=\"_ _7\"></span>justme<span class=\"_ _7\"></span>nt in relatio<span class=\"_ _7\"></span>n t<span class=\"_ _9\"></span>o LRC e<span class=\"_ _9\"></span>xcluding<span class=\"_ _9\"></span> loss component.<span class=\"_ _304\"> </span>For t<span class=\"_ _9\"></span>he incurred claim l<span class=\"_ _9\"></span>iabilities measurement purposes<span class=\"_ _9\"></span>, the Gro<span class=\"_ _7\"></span>up calc<span class=\"_ _7\"></span>ulates the r<span class=\"_ _7\"></span>isk adju<span class=\"_ _7\"></span>stment at e<span class=\"_ _7\"></span>ach insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>tak<span class=\"_ _7\"></span>ing entit<span class=\"_ _7\"></span>y in ac<span class=\"_ _7\"></span>corda<span class=\"_ _7\"></span>nce wi<span class=\"_ _7\"></span>th its risk p<span class=\"_ _7\"></span>rofile usin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> a com<span class=\"_ _7\"></span>bination of VaR method a<span class=\"_ _7\"></span>nd sce<span class=\"_ _7\"></span>nari<span class=\"_ _7\"></span>o anal<span class=\"_ _7\"></span>ysis targ<span class=\"_ _7\"></span>eting an overa<span class=\"_ _7\"></span>ll confid<span class=\"_ _7\"></span>ence l<span class=\"_ _7\"></span>evel for the agg<span class=\"_ _7\"></span>regate ris<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span> distr<span class=\"_ _7\"></span>ibutio<span class=\"_ _7\"></span>n. Scena<span class=\"_ _7\"></span>rio an<span class=\"_ _7\"></span>alysi<span class=\"_ _7\"></span>s is used to deter<span class=\"_ _7\"></span>mine the l<span class=\"_ _7\"></span>evel of<span class=\"_ _9\"></span> com<span class=\"_ _7\"></span>pens<span class=\"_ _7\"></span>ation that the G<span class=\"_ _7\"></span>roup requ<span class=\"_ _7\"></span>ires for b<span class=\"_ _7\"></span>eari<span class=\"_ _7\"></span>ng unce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>taint<span class=\"_ _7\"></span>y about the lar<span class=\"_ _9\"></span>ge event<span class=\"_ _a\"></span>-driven claims, f<span class=\"_ _9\"></span>or example<span class=\"_ _9\"></span> natural<span class=\"_ _9\"></span> cata<span class=\"_ _7\"></span>strophe. Th<span class=\"_ _7\"></span>is ele<span class=\"_ _7\"></span>ment of the co<span class=\"_ _7\"></span>mpen<span class=\"_ _7\"></span>sation for r<span class=\"_ _7\"></span>isk ta<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> into consi<span class=\"_ _7\"></span>deratio<span class=\"_ _7\"></span>n the rang<span class=\"_ _7\"></span>e of potential outco<span class=\"_ _7\"></span>mes fro<span class=\"_ _7\"></span>m an event an<span class=\"_ _7\"></span>d the sens<span class=\"_ _7\"></span>itivi<span class=\"_ _7\"></span>ties of the lo<span class=\"_ _7\"></span>ss posi<span class=\"_ _7\"></span>tions in a<span class=\"_ _7\"></span>ny model<span class=\"_ _7\"></span>led sce<span class=\"_ _7\"></span>nari<span class=\"_ _7\"></span>os. Give<span class=\"_ _7\"></span>n the nature of the un<span class=\"_ _7\"></span>derl<span class=\"_ _7\"></span>ying b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss and los<span class=\"_ _7\"></span>ses it is n<span class=\"_ _7\"></span>orma<span class=\"_ _7\"></span>l for new ris<span class=\"_ _7\"></span>ks to becom<span class=\"_ _7\"></span>e appare<span class=\"_ _7\"></span>nt or for <span class=\"ls8 ws4\"> </span>the mag<span class=\"_ _7\"></span>nitude of exi<span class=\"_ _7\"></span>sting ris<span class=\"_ _7\"></span>ks to change ove<span class=\"_ _7\"></span>r time.<span class=\"_ _304\"> </span>Grou<span class=\"_ _7\"></span>p divers<span class=\"_ _7\"></span>ificati<span class=\"_ _7\"></span>on ben<span class=\"_ _7\"></span>efit is not co<span class=\"_ _7\"></span>nside<span class=\"_ _7\"></span>red at the ind<span class=\"_ _7\"></span>ivid<span class=\"_ _7\"></span>ual insu<span class=\"_ _7\"></span>rance u<span class=\"_ _7\"></span>nder<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>kin<span class=\"_ _7\"></span>g entit<span class=\"_ _7\"></span>y level but i<span class=\"_ _7\"></span>s consi<span class=\"_ _7\"></span>dered i<span class=\"_ _7\"></span>n determ<span class=\"_ _7\"></span>ining th<span class=\"_ _7\"></span>e confide<span class=\"_ _7\"></span>nce leve<span class=\"_ _7\"></span>l at a conso<span class=\"_ _7\"></span>lidated level for disc<span class=\"_ _7\"></span>losure p<span class=\"_ _7\"></span>urpo<span class=\"_ _7\"></span>ses. At 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2023<span class=\"_ _9\"></span>, the r<span class=\"_ _7\"></span>isk adju<span class=\"_ _7\"></span>stment in re<span class=\"_ _7\"></span>spe<span class=\"_ _7\"></span>ct of the LIC net of rei<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce is at the 83rd pe<span class=\"_ _7\"></span>rcentil<span class=\"_ _7\"></span>e (3<span class=\"_ _9\"></span>1 Dece<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 2022<span class=\"_ _9\"></span>: 7<span class=\"_ _9\"></span>8th pe<span class=\"_ _7\"></span>rcentile)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>c) P<span class=\"_ _9\"></span>remium allocation approa<span class=\"_ _9\"></span>ch eligibility asse<span class=\"_ _7\"></span>ssment<span class=\"_ _304\"> </span>A simplified measurement<span class=\"_ _9\"></span> model, t<span class=\"_ _9\"></span>he P<span class=\"_ _9\"></span>AA<span class=\"_ _7\"></span>, can be<span class=\"_ _9\"></span> applied if cer<span class=\"_ _7\"></span>tain eligibil<span class=\"_ _9\"></span>it<span class=\"_ _7\"></span>y crit<span class=\"_ _9\"></span>eria are met<span class=\"_ _9\"></span>. The majority of<span class=\"_ _9\"></span> the Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s poli<span class=\"_ _7\"></span>cies h<span class=\"_ _7\"></span>ave a coverage pe<span class=\"_ _7\"></span>riod of 1<span class=\"_ _9\"></span>2 months or l<span class=\"_ _7\"></span>ess a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span>so are<span class=\"_ _9\"></span> eligible for t<span class=\"_ _9\"></span>he P<span class=\"_ _a\"></span>A<span class=\"_ _7\"></span>A<span class=\"_ _7\"></span>. Management applies sign<span class=\"_ _9\"></span>ificant judg<span class=\"_ _7\"></span>ment w<span class=\"_ _7\"></span>hether a<span class=\"_ _7\"></span>pply<span class=\"_ _7\"></span>ing P<span class=\"_ _9\"></span>A<span class=\"_ _7\"></span>A to those groups of c<span class=\"_ _7\"></span>ontracts would di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>fer materi<span class=\"_ _7\"></span>ally f<span class=\"_ _7\"></span>rom GMM w<span class=\"_ _7\"></span>ith a coverag<span class=\"_ _7\"></span>e peri<span class=\"_ _7\"></span>od exten<span class=\"_ _7\"></span>ding beyon<span class=\"_ _7\"></span>d 1<span class=\"_ _a\"></span>2 mo<span class=\"_ _7\"></span>nths.<span class=\"_ _304\"> </span>Significant account<span class=\"_ _9\"></span>ing estima<span class=\"_ _9\"></span>tes<span class=\"_ _304\"> </span>All e<span class=\"_ _7\"></span>stimates are b<span class=\"_ _7\"></span>ased o<span class=\"_ _7\"></span>n manag<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt\u2019<span class=\"_ _9\"></span>s knowle<span class=\"_ _7\"></span>dge <span class=\"ls8 ws4\"> </span>of curr<span class=\"_ _9\"></span>ent facts<span class=\"_ _9\"></span> and circumstances<span class=\"_ _9\"></span>, assumptions<span class=\"_ _9\"></span> based <span class=\"ls8 ws4\"> </span>on that k<span class=\"_ _7\"></span>nowle<span class=\"_ _7\"></span>dge and th<span class=\"_ _7\"></span>eir pre<span class=\"_ _7\"></span>dictio<span class=\"_ _7\"></span>ns of future even<span class=\"_ _7\"></span>ts.<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>Actu<span class=\"_ _7\"></span>al re<span class=\"_ _7\"></span>su<span class=\"_ _7\"></span>lts may di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>fer from th<span class=\"_ _7\"></span>ose estim<span class=\"_ _7\"></span>ates, possi<span class=\"_ _7\"></span>bly signifi<span class=\"_ _9\"></span>cantly<span class=\"_ _a\"></span>. Re<span class=\"_ _9\"></span>vision<span class=\"_ _9\"></span>s t<span class=\"_ _9\"></span>o accounting est<span class=\"_ _9\"></span>imates are<span class=\"_ _9\"></span> recognised in the pe<span class=\"_ _7\"></span>riod i<span class=\"_ _7\"></span>n whic<span class=\"_ _7\"></span>h the estim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e is rev<span class=\"_ _7\"></span>ised a<span class=\"_ _7\"></span>nd in any <span class=\"ls8 ws4\"> </span>fu<span class=\"_ _7\"></span>ture per<span class=\"_ _7\"></span>iods af<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>cted.<span class=\"_ _304\"> </span>The m<span class=\"_ _7\"></span>ost cr<span class=\"_ _7\"></span>itical e<span class=\"_ _7\"></span>stimate incl<span class=\"_ _7\"></span>uded w<span class=\"_ _7\"></span>ithin the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s <span class=\"ls8 ws4\"> </span>bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet is the m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nt of insura<span class=\"_ _7\"></span>nce contr<span class=\"_ _7\"></span>act liabilities and<span class=\"_ _9\"></span> reinsurance cont<span class=\"_ _9\"></span>ract held assets<span class=\"_ _9\"></span>, and in<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>par<span class=\"_ _7\"></span>tic<span class=\"_ _9\"></span>ular the estima<span class=\"_ _9\"></span>te o<span class=\"_ _9\"></span>f the<span class=\"_ _9\"></span> liability for incurred claims<span class=\"_ _9\"></span> (LIC)<span class=\"_ _a\"></span>. The total gro<span class=\"_ _7\"></span>ss esti<span class=\"_ _7\"></span>mate of LIC as at 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2023 is<span class=\"_ _9\"></span> $6,604.<span class=\"_ _9\"></span>0 mil<span class=\"_ _7\"></span>lion (2022<span class=\"_ _9\"></span>: $6,694<span class=\"_ _9\"></span>.3 mill<span class=\"_ _7\"></span>ion)<span class=\"_ _9\"></span>. The total es<span class=\"_ _7\"></span>timate for reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e asset fo<span class=\"_ _7\"></span>r incur<span class=\"_ _7\"></span>red cla<span class=\"_ _7\"></span>ims as at 31 Dece<span class=\"_ _7\"></span>mber 2023 is $ 2<span class=\"_ _9\"></span>,098.3 mi<span class=\"_ _7\"></span>llion (2022<span class=\"_ _9\"></span>: $2<span class=\"_ _9\"></span>,5<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>7<span class=\"_ _20\"></span>.<span class=\"_ _7\"></span>2 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>).<span class=\"_ _304\"> </span>Insurance an<span class=\"_ _7\"></span>d reinsurance contracts<span class=\"_ _304\"> </span>In app<span class=\"_ _7\"></span>lyin<span class=\"_ _7\"></span>g IFRS 1<span class=\"_ _a\"></span>7 me<span class=\"_ _7\"></span>asurem<span class=\"_ _7\"></span>ent req<span class=\"_ _7\"></span>uireme<span class=\"_ _7\"></span>nts, the followi<span class=\"_ _7\"></span>ng inputs and met<span class=\"_ _9\"></span>hods were used<span class=\"_ _9\"></span> that include significant<span class=\"_ _9\"></span> estim<span class=\"_ _7\"></span>ates. The pre<span class=\"_ _7\"></span>sent val<span class=\"_ _7\"></span>ue of futu<span class=\"_ _7\"></span>re cash flows i<span class=\"_ _7\"></span>s estimated using det<span class=\"_ _9\"></span>erministic scenarios. The assumption<span class=\"_ _9\"></span>s used in the deter<span class=\"_ _7\"></span>ministi<span class=\"_ _7\"></span>c scen<span class=\"_ _7\"></span>ario<span class=\"_ _7\"></span>s are der<span class=\"_ _7\"></span>ived to approxim<span class=\"_ _7\"></span>ate the<span class=\"_ _9\"></span> proba<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y-weighted me<span class=\"_ _7\"></span>an of a full ra<span class=\"_ _7\"></span>nge of sc<span class=\"_ _7\"></span>enar<span class=\"_ _7\"></span>ios. For <span class=\"ls8 ws4\"> </span>the sensit<span class=\"_ _9\"></span>ivities with regar<span class=\"_ _9\"></span>d to<span class=\"_ _9\"></span> the assumpt<span class=\"_ _9\"></span>ions made t<span class=\"_ _9\"></span>hat<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>hav<span class=\"_ _9\"></span>e the most<span class=\"_ _9\"></span> significant impact on<span class=\"_ _9\"></span> measurement under<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>IFRS 1<span class=\"_ _a\"></span>7<span class=\"_ _20\"></span>, p<span class=\"_ _7\"></span>leas<span class=\"_ _7\"></span>e refer to not<span class=\"_ _9\"></span>e 3, man<span class=\"_ _7\"></span>ageme<span class=\"_ _7\"></span>nt of risk.<span class=\"_ _304\"> </span>(a) Discou<span class=\"_ _7\"></span>nt rates<span class=\"_ _304\"> </span>Insurance cont<span class=\"_ _9\"></span>ract liabilit<span class=\"_ _9\"></span>ies are calculat<span class=\"_ _9\"></span>ed by<span class=\"_ _9\"></span> discounting<span class=\"_ _9\"></span> expe<span class=\"_ _7\"></span>cted futu<span class=\"_ _7\"></span>re cash fl<span class=\"_ _7\"></span>ows at a risk<span class=\"_ _9\"></span>-free rate, plus a<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>illiq<span class=\"_ _7\"></span>uidit<span class=\"_ _7\"></span>y pre<span class=\"_ _7\"></span>mium wh<span class=\"_ _7\"></span>ere app<span class=\"_ _7\"></span>lica<span class=\"_ _7\"></span>ble. Risk-<span class=\"_ _9\"></span>fre<span class=\"_ _7\"></span>e rates were der<span class=\"_ _7\"></span>ived us<span class=\"_ _7\"></span>ing swap rates avail<span class=\"_ _7\"></span>able i<span class=\"_ _7\"></span>n the mar<span class=\"_ _7\"></span>ket denomi<span class=\"_ _7\"></span>nated in the s<span class=\"_ _7\"></span>ame cur<span class=\"_ _7\"></span>rency a<span class=\"_ _7\"></span>s the insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ontracts be<span class=\"_ _7\"></span>ing mea<span class=\"_ _7\"></span>sured. Wh<span class=\"_ _7\"></span>en swap rates a<span class=\"_ _7\"></span>re not availabl<span class=\"_ _7\"></span>e, highly l<span class=\"_ _7\"></span>iquid sov<span class=\"_ _9\"></span>ereign bonds with<span class=\"_ _9\"></span> the highest<span class=\"_ _9\"></span>, for<span class=\"_ _9\"></span> example<span class=\"_ _9\"></span>, A<span class=\"_ _7\"></span>A<span class=\"_ _7\"></span>A<span class=\"_ _7\"></span>/<span class=\"_ _a\"></span>A<span class=\"_ _7\"></span>A <span class=\"ls8 ws4\"> </span>cred<span class=\"_ _7\"></span>it rating were u<span class=\"_ _7\"></span>sed.<span class=\"_ _304\"> </span>Management uses judgement to<span class=\"_ _9\"></span> asses<span class=\"_ _7\"></span>s liquidity<span class=\"_ _9\"></span> cha<span class=\"_ _7\"></span>racteris<span class=\"_ _7\"></span>tics of the li<span class=\"_ _7\"></span>abilit<span class=\"_ _7\"></span>y ca<span class=\"_ _7\"></span>sh flows. Th<span class=\"_ _7\"></span>e illiqu<span class=\"_ _7\"></span>idit<span class=\"_ _7\"></span>y <span class=\"ls8 ws4\"> </span>prem<span class=\"_ _7\"></span>ium was es<span class=\"_ _7\"></span>timated base<span class=\"_ _7\"></span>d on mar<span class=\"_ _7\"></span>ket obser<span class=\"_ _7\"></span>va<span class=\"_ _7\"></span>ble liqu<span class=\"_ _7\"></span>idit<span class=\"_ _7\"></span>y premiums in financial asset<span class=\"_ _9\"></span>s, adjust<span class=\"_ _9\"></span>ed t<span class=\"_ _9\"></span>o reflect the<span class=\"_ _9\"></span> illiquidity cha<span class=\"_ _7\"></span>racteris<span class=\"_ _7\"></span>tics of the li<span class=\"_ _7\"></span>abilit<span class=\"_ _7\"></span>y ca<span class=\"_ _7\"></span>sh flows. Th<span class=\"_ _7\"></span>e illiqu<span class=\"_ _7\"></span>idit<span class=\"_ _7\"></span>y premi<span class=\"_ _7\"></span>um is deter<span class=\"_ _7\"></span>mined by refe<span class=\"_ _7\"></span>rence to mar<span class=\"_ _7\"></span>ket obser<span class=\"_ _7\"></span>va<span class=\"_ _7\"></span>ble A<span class=\"_ _7\"></span>A-rated bond<span class=\"_ _7\"></span>s yiel<span class=\"_ _7\"></span>d cur<span class=\"_ _7\"></span>ve in the cu<span class=\"_ _7\"></span>rrenc<span class=\"_ _7\"></span>y of the insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntract bei<span class=\"_ _7\"></span>ng mea<span class=\"_ _7\"></span>sured, adju<span class=\"_ _7\"></span>sted to remove both expec<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed a<span class=\"_ _7\"></span>nd unexpect<span class=\"_ _9\"></span>ed credit risk.<span class=\"_ _304\"> </span>The follo<span class=\"_ _9\"></span>wing discount r<span class=\"_ _9\"></span>ates w<span class=\"_ _9\"></span>ere applied f<span class=\"_ _9\"></span>or the currencies<span class=\"_ _9\"></span> and periods presented<span class=\"_ _9\"></span> below:<table class=\"s w17d ha0\" id=\"_795d9b0f-08d2-4f85-8042-66fed830d51e\"><tr><td></td><td></td><td></td><td class=\"t m0 x3a3 h43 y1f5a ff64 fs28 fc2 sc0 ls145 ws1dc\"> <span class=\"_ _1c4\"> </span>Y<span class=\"_ _9\"></span>ear end<span class=\"_ _9\"></span> 31<span class=\"_ _9\"></span> December 2<span class=\"_ _9\"></span>023<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3a4 h43 y1f5b ff64 fs28 fc2 sc0 ls145 ws1dc\">1 y<span class=\"_ _9\"></span>ear<span class=\"_ _304\"> </span></td><td class=\"t m0 x3a5 h43 y1f5b ff64 fs28 fc2 sc0 ls145 ws1dc\">3 y<span class=\"_ _9\"></span>ear<span class=\"_ _304\"> </span></td><td class=\"t m0 x3a6 h43 y1f5b ff64 fs28 fc2 sc0 ls145 ws1dc\">5 y<span class=\"_ _9\"></span>ear<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3a7 h43 y1f5c ff64 fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td><td class=\"t m0 x3a8 h43 y1f5c ff64 fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td><td class=\"t m0 x3a9 h43 y1f5c ff64 fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f41 w17e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">USD<span class=\"_ _304\"> </span></div></td><td class=\"c n x3aa y1f41 wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.8<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ab y1f41 w17f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.92<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ac y1f41 w180 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls140 ws226\">3<span class=\"_ _2c\"></span>.<span class=\"_ _7\"></span>74<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f5d w181 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">GBP<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ad y1f5d w182 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8a wsa0\">4.<span class=\"_ _7\"></span>97<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ae y1f5d w183 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">4<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x3af y1f5d w184 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.82<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e7d w185 h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws120\">EUR<span class=\"_ _304\"> </span></div></td><td class=\"c n x3b0 y1e7d wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">3<span class=\"_ _7\"></span>.49<span class=\"_ _304\"> </span></div></td><td class=\"c n x3b1 y1e7d w186 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>.75<span class=\"_ _304\"> </span></div></td><td class=\"c n x3b2 y1e7d w17b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.6<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w187 h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">CAD<span class=\"_ _304\"> </span></div></td><td class=\"c n x3b3 y1e80 w188 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.63<span class=\"_ _304\"> </span></div></td><td class=\"c n x3b4 y1e80 w189 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">3.6<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x3b5 y1e80 w184 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.39</div></td></tr></table><table class=\"s w18a ha1\" id=\"_474a364d-5acf-4d10-a844-cd17b64be1a4\"><tr><td></td><td></td><td></td><td class=\"t m0 x3b6 h44 y1f5e ff5f fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _1c6\"> </span>Y<span class=\"_ _9\"></span>ea<span class=\"_ _7\"></span>r en<span class=\"_ _7\"></span>d 31 Dece<span class=\"_ _7\"></span>mb<span class=\"_ _7\"></span>er 2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3b7 h44 y1f5f ff5f fs28 fc2 sc0 lse4 ws15d\">1 yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></td><td class=\"t m0 x3b8 h44 y1f5f ff5f fs28 fc2 sc0 lse4 ws15d\">3 yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></td><td class=\"t m0 x3b9 h44 y1f5f ff5f fs28 fc2 sc0 lse4 ws15d\">5 yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3ba h44 y1f60 ff5f fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td><td class=\"t m0 x3bb h44 y1f60 ff5f fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td><td class=\"t m0 x3bc h44 y1f60 ff5f fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f41 w17e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">USD<span class=\"_ _304\"> </span></div></td><td class=\"c n x3aa y1f41 w18b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x3bd y1f41 w18c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">4<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>24<span class=\"_ _304\"> </span></div></td><td class=\"c n x3be y1f41 w4d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.0<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f42 w181 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">GBP<span class=\"_ _304\"> </span></div></td><td class=\"c n x3bf y1f42 w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.5<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c0 y1f42 w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.6<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c1 y1f42 w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.5<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f61 w185 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws120\">EUR<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c2 y1f61 w18d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c3 y1f61 w18e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsde ws144\">3.<span class=\"_ _7\"></span>28<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c4 y1f61 w18f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>31<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w187 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">CAD<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c5 y1e80 w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.6<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c6 y1e80 w190 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>03<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c7 y1e80 w191 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">3<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>74<span class=\"_ _304\"> </span></div></td></tr></table>(b) Estimates of fu<span class=\"_ _7\"></span>ture cas<span class=\"_ _7\"></span>h flows t<span class=\"_ _9\"></span>o fu<span class=\"_ _7\"></span>lfil ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contracts<span class=\"_ _304\"> </span>Incl<span class=\"_ _7\"></span>uded in th<span class=\"_ _7\"></span>e meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt of each g<span class=\"_ _7\"></span>roup of contrac<span class=\"_ _7\"></span>ts <span class=\"ls8 ws4\"> </span>withi<span class=\"_ _7\"></span>n the scop<span class=\"_ _7\"></span>e of IFRS 1<span class=\"_ _a\"></span>7 are al<span class=\"_ _7\"></span>l of the future c<span class=\"_ _7\"></span>ash flows withi<span class=\"_ _7\"></span>n the boun<span class=\"_ _7\"></span>dar<span class=\"_ _7\"></span>y of eac<span class=\"_ _7\"></span>h group of co<span class=\"_ _7\"></span>ntracts. The e<span class=\"_ _7\"></span>stimates of these f<span class=\"_ _7\"></span>uture c<span class=\"_ _7\"></span>ash flows are b<span class=\"_ _7\"></span>ased on p<span class=\"_ _7\"></span>robabi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y-<span class=\"_ _9\"></span>weig<span class=\"_ _7\"></span>ht<span class=\"_ _9\"></span>ed expe<span class=\"_ _7\"></span>cted futu<span class=\"_ _7\"></span>re cash fl<span class=\"_ _7\"></span>ows. The Grou<span class=\"_ _7\"></span>p estimates w<span class=\"_ _7\"></span>hich <span class=\"ls8 ws4\"> </span>cas<span class=\"_ _7\"></span>h flows are expe<span class=\"_ _7\"></span>cted and th<span class=\"_ _7\"></span>e probab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y that they wil<span class=\"_ _7\"></span>l<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>occ<span class=\"_ _7\"></span>ur as at the me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>ment d<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e. In set<span class=\"_ _7\"></span>ting the<span class=\"_ _7\"></span>se expe<span class=\"_ _7\"></span>ctations, the G<span class=\"_ _7\"></span>roup us<span class=\"_ _7\"></span>es infor<span class=\"_ _7\"></span>mation ab<span class=\"_ _7\"></span>out pas<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>even<span class=\"_ _9\"></span>ts, curr<span class=\"_ _9\"></span>ent conditions<span class=\"_ _9\"></span> and forecasts<span class=\"_ _9\"></span> of future<span class=\"_ _9\"></span> conditions.<span class=\"_ _9\"></span> The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s e<span class=\"_ _7\"></span>stimate of future c<span class=\"_ _7\"></span>ash flows is th<span class=\"_ _7\"></span>e mean of a rang<span class=\"_ _7\"></span>e of scen<span class=\"_ _7\"></span>ario<span class=\"_ _7\"></span>s that reflec<span class=\"_ _7\"></span>t the full r<span class=\"_ _7\"></span>ange of pos<span class=\"_ _7\"></span>sibl<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> outcom<span class=\"_ _7\"></span>es. Each s<span class=\"_ _7\"></span>cena<span class=\"_ _7\"></span>rio sp<span class=\"_ _7\"></span>ecifi<span class=\"_ _7\"></span>es the a<span class=\"_ _7\"></span>mount, timing a<span class=\"_ _7\"></span>nd probability of<span class=\"_ _9\"></span> cash flows<span class=\"_ _9\"></span>. The probability<span class=\"_ _9\"></span>-weigh<span class=\"_ _9\"></span>ted a<span class=\"_ _9\"></span>verage<span class=\"_ _9\"></span> of the fu<span class=\"_ _7\"></span>ture cash fl<span class=\"_ _7\"></span>ows is calc<span class=\"_ _7\"></span>ulated usi<span class=\"_ _7\"></span>ng a determ<span class=\"_ _7\"></span>inistic scenario representing the<span class=\"_ _9\"></span> probability-<span class=\"_ _9\"></span>weighted mean o<span class=\"_ _9\"></span>f <span class=\"ls8 ws4\"> </span>a rang<span class=\"_ _7\"></span>e of scen<span class=\"_ _7\"></span>ario<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>re estim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s of e<span class=\"_ _9\"></span>x<span class=\"_ _7\"></span>pense<span class=\"_ _7\"></span>s-related c<span class=\"_ _7\"></span>ash flows are determ<span class=\"_ _7\"></span>ined at th<span class=\"_ _7\"></span>e por<span class=\"_ _7\"></span>tfo<span class=\"_ _7\"></span>lio level o<span class=\"_ _7\"></span>r highe<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>, they are a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed <span class=\"ls8 ws4\"> </span>to groups of contr<span class=\"_ _7\"></span>acts on a systemati<span class=\"_ _7\"></span>c basis, su<span class=\"_ _7\"></span>ch as <span class=\"ls8 ws4\"> </span>activity-based cost<span class=\"_ _9\"></span>ing method<span class=\"_ _9\"></span>. The Group has det<span class=\"_ _9\"></span>ermined that this m<span class=\"_ _7\"></span>ethod resu<span class=\"_ _7\"></span>lts in a systemati<span class=\"_ _7\"></span>c and ration<span class=\"_ _7\"></span>al all<span class=\"_ _7\"></span>ocation. Simi<span class=\"_ _7\"></span>lar metho<span class=\"_ _7\"></span>ds are co<span class=\"_ _7\"></span>nsistently a<span class=\"_ _7\"></span>ppli<span class=\"_ _7\"></span>ed to alloc<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s of a simil<span class=\"_ _7\"></span>ar nature. Acqu<span class=\"_ _7\"></span>isitio<span class=\"_ _7\"></span>n cash fl<span class=\"_ _7\"></span>ows are ty<span class=\"_ _7\"></span>pica<span class=\"_ _7\"></span>lly al<span class=\"_ _7\"></span>located to groups of contr<span class=\"_ _7\"></span>acts base<span class=\"_ _7\"></span>d on gros<span class=\"_ _7\"></span>s premiu<span class=\"_ _7\"></span>ms wri<span class=\"_ _7\"></span>tten. <span class=\"ls8 ws4\"> </span>Thi<span class=\"_ _7\"></span>s inclu<span class=\"_ _7\"></span>des an a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>ation of acqu<span class=\"_ _7\"></span>isition c<span class=\"_ _7\"></span>ash flows a<span class=\"_ _7\"></span>mong <span class=\"ls8 ws4\"> </span>existin<span class=\"_ _7\"></span>g groups of ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts issue<span class=\"_ _7\"></span>d. Claims set<span class=\"_ _7\"></span>tleme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>-related ex<span class=\"_ _7\"></span>pense<span class=\"_ _7\"></span>s are la<span class=\"_ _7\"></span>rgely a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed b<span class=\"_ _7\"></span>ased <span class=\"ls8 ws4\"> </span>on claims cost<span class=\"_ _9\"></span>s.<span class=\"_ _304\"> </span>Unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>taint<span class=\"_ _7\"></span>y in the e<span class=\"_ _7\"></span>stimatio<span class=\"_ _7\"></span>n of future cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d bene<span class=\"_ _7\"></span>fit pa<span class=\"_ _9\"></span>yments<span class=\"_ _9\"></span> arises prim<span class=\"_ _9\"></span>arily fr<span class=\"_ _9\"></span>om the<span class=\"_ _9\"></span> sev<span class=\"_ _9\"></span>erity and fr<span class=\"_ _9\"></span>equency<span class=\"_ _9\"></span> of clai<span class=\"_ _7\"></span>ms and un<span class=\"_ _7\"></span>cer<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>inties re<span class=\"_ _7\"></span>gardin<span class=\"_ _7\"></span>g future i<span class=\"_ _7\"></span>nflation rates leading t<span class=\"_ _9\"></span>o claims and claims-handling<span class=\"_ _9\"></span> expenses growth.<span class=\"_ _9\"></span> Ass<span class=\"_ _7\"></span>umptions u<span class=\"_ _7\"></span>sed to develop e<span class=\"_ _7\"></span>stimates a<span class=\"_ _7\"></span>bout f<span class=\"_ _7\"></span>uture cas<span class=\"_ _7\"></span>h flows are re<span class=\"_ _7\"></span>asse<span class=\"_ _7\"></span>ssed at e<span class=\"_ _7\"></span>ach re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting date and a<span class=\"_ _7\"></span>djusted whe<span class=\"_ _7\"></span>re requ<span class=\"_ _7\"></span>ired.<span class=\"_ _304\"> </span>(c<span class=\"_ _9\"></span>) Fair valu<span class=\"_ _7\"></span>e mea<span class=\"_ _7\"></span>sureme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup ca<span class=\"_ _7\"></span>rri<span class=\"_ _7\"></span>es its fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l investme<span class=\"_ _7\"></span>nts at fair valu<span class=\"_ _7\"></span>e <span class=\"ls8 ws4\"> </span>throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s, with fai<span class=\"_ _7\"></span>r values d<span class=\"_ _7\"></span>etermin<span class=\"_ _7\"></span>ed usi<span class=\"_ _7\"></span>ng published price quo<span class=\"_ _9\"></span>tations<span class=\"_ _9\"></span> in the most<span class=\"_ _9\"></span> active<span class=\"_ _9\"></span> financial market<span class=\"_ _9\"></span>s in whi<span class=\"_ _7\"></span>ch the as<span class=\"_ _7\"></span>sets trade, whe<span class=\"_ _7\"></span>re availab<span class=\"_ _7\"></span>le. Where q<span class=\"_ _7\"></span>uoted mar<span class=\"_ _7\"></span>ket price<span class=\"_ _7\"></span>s are not availa<span class=\"_ _7\"></span>ble, valuati<span class=\"_ _7\"></span>on techni<span class=\"_ _7\"></span>ques a<span class=\"_ _7\"></span>re use<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o valu<span class=\"_ _7\"></span>e finan<span class=\"_ _7\"></span>cial in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nts. The<span class=\"_ _7\"></span>se incl<span class=\"_ _7\"></span>ude third-pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty valuati<span class=\"_ _7\"></span>on repo<span class=\"_ _7\"></span>rts a<span class=\"_ _7\"></span>nd mod<span class=\"_ _7\"></span>els utili<span class=\"_ _7\"></span>sing both ob<span class=\"_ _7\"></span>ser<span class=\"_ _7\"></span>vabl<span class=\"_ _7\"></span>e and unobser<span class=\"_ _7\"></span>vable<span class=\"_ _9\"></span> market input<span class=\"_ _9\"></span>s. V<span class=\"_ _9\"></span>aluat<span class=\"_ _9\"></span>ion t<span class=\"_ _9\"></span>echniques involv<span class=\"_ _9\"></span>e judg<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, inc<span class=\"_ _7\"></span>ludin<span class=\"_ _7\"></span>g the use of valu<span class=\"_ _7\"></span>ation mod<span class=\"_ _7\"></span>els an<span class=\"_ _7\"></span>d their inpu<span class=\"_ _7\"></span>ts, which c<span class=\"_ _7\"></span>an le<span class=\"_ _7\"></span>ad t<span class=\"_ _9\"></span>o a ra<span class=\"_ _7\"></span>nge of plau<span class=\"_ _7\"></span>sible va<span class=\"_ _7\"></span>luation<span class=\"_ _7\"></span>s for financial inv<span class=\"_ _9\"></span>estments<span class=\"_ _9\"></span>. Not<span class=\"_ _9\"></span>e 3.<span class=\"_ _9\"></span>3(<span class=\"_ _9\"></span>a) discusses t<span class=\"_ _9\"></span>he reliability of<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s fair valu<span class=\"_ _7\"></span>es.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>d) Employ<span class=\"_ _9\"></span>ee benefit The employ<span class=\"_ _9\"></span>ee retir<span class=\"_ _9\"></span>ement benefit scheme obligat<span class=\"_ _9\"></span>ions are<span class=\"_ _9\"></span> cal<span class=\"_ _7\"></span>culated an<span class=\"_ _7\"></span>d value<span class=\"_ _7\"></span>d with refere<span class=\"_ _7\"></span>nce to a numbe<span class=\"_ _7\"></span>r of actuar<span class=\"_ _7\"></span>ial assumptions in<span class=\"_ _9\"></span>cluding mor<span class=\"_ _7\"></span>tality<span class=\"_ _9\"></span>,<span class=\"_ _9\"></span> inflation ra<span class=\"_ _9\"></span>tes and discoun<span class=\"_ _9\"></span>t rate, many of which h<span class=\"_ _7\"></span>ave been su<span class=\"_ _7\"></span>bjec<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o rec<span class=\"_ _7\"></span>ent volatil<span class=\"_ _7\"></span>ity<span class=\"_ _9\"></span>. This complex<span class=\"_ _9\"></span> set of<span class=\"_ _9\"></span> economic variables can hav<span class=\"_ _9\"></span>e a significant<span class=\"_ _9\"></span> impac<span class=\"_ _7\"></span>t on the fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l statements, a<span class=\"_ _7\"></span>s shown in note 2<span class=\"_ _9\"></span>4<span class=\"_ _9\"></span>. (e) T<span class=\"_ _9\"></span>a<span class=\"_ _7\"></span>x The G<span class=\"_ _7\"></span>roup op<span class=\"_ _7\"></span>erates in a mu<span class=\"_ _7\"></span>ltination<span class=\"_ _7\"></span>al envi<span class=\"_ _7\"></span>ronme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> leg<span class=\"_ _7\"></span>islatio<span class=\"_ _7\"></span>n conce<span class=\"_ _7\"></span>rnin<span class=\"_ _7\"></span>g the determ<span class=\"_ _7\"></span>ination of ta<span class=\"_ _7\"></span>xati<span class=\"_ _7\"></span>on of assets and liabilities<span class=\"_ _9\"></span> is complex and<span class=\"_ _9\"></span> continually e<span class=\"_ _9\"></span>volving.<span class=\"_ _9\"></span> In preparing<span class=\"_ _9\"></span> the financial<span class=\"_ _9\"></span> stat<span class=\"_ _9\"></span>ements, t<span class=\"_ _9\"></span>he Group applies significant<span class=\"_ _9\"></span> judg<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nts in iden<span class=\"_ _7\"></span>tif<span class=\"_ _7\"></span>ying u<span class=\"_ _7\"></span>ncer<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>inties over t<span class=\"_ _7\"></span>ax tre<span class=\"_ _7\"></span>atments a<span class=\"_ _7\"></span>nd in the me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>ment of the p<span class=\"_ _7\"></span>rovision b<span class=\"_ _7\"></span>eing th<span class=\"_ _7\"></span>e best e<span class=\"_ _7\"></span>stimate of<span class=\"_ _9\"></span> the am<span class=\"_ _7\"></span>ount expe<span class=\"_ _7\"></span>cted to beco<span class=\"_ _7\"></span>me payable. T<span class=\"_ _7\"></span>he asse<span class=\"_ _7\"></span>ssm<span class=\"_ _7\"></span>ent is base<span class=\"_ _7\"></span>d on the jud<span class=\"_ _7\"></span>gem<span class=\"_ _7\"></span>ent of ta<span class=\"_ _7\"></span>x profess<span class=\"_ _7\"></span>iona<span class=\"_ _7\"></span>ls within th<span class=\"_ _7\"></span>e Group suppor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed by<span class=\"_ _9\"></span> previous e<span class=\"_ _9\"></span>xperie<span class=\"_ _7\"></span>nce in<span class=\"_ _9\"></span> respect of such<span class=\"_ _9\"></span> activities<span class=\"_ _9\"></span> and ba<span class=\"_ _7\"></span>sed on ad<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e sought f<span class=\"_ _7\"></span>rom spe<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span>ist ta<span class=\"_ _7\"></span>x adv<span class=\"_ _7\"></span>isors.<span class=\"_ _304\"> </span>A defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>set ca<span class=\"_ _7\"></span>n be reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d only to the ex<span class=\"_ _7\"></span>tent that it is re<span class=\"_ _7\"></span>coverabl<span class=\"_ _7\"></span>e. The rec<span class=\"_ _7\"></span>overabil<span class=\"_ _7\"></span>ity of d<span class=\"_ _7\"></span>eferred t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>x assets in resp<span class=\"_ _7\"></span>ect of ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>y for<span class=\"_ _7\"></span>ward lo<span class=\"_ _7\"></span>sses re<span class=\"_ _7\"></span>quire<span class=\"_ _7\"></span>s consi<span class=\"_ _7\"></span>deratio<span class=\"_ _7\"></span>n of the futu<span class=\"_ _7\"></span>re levels of ta<span class=\"_ _7\"></span>xab<span class=\"_ _7\"></span>le profit in th<span class=\"_ _7\"></span>e Group. In prepa<span class=\"_ _7\"></span>ring th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s financ<span class=\"_ _7\"></span>ial stateme<span class=\"_ _7\"></span>nts, manag<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt estimates t<span class=\"_ _7\"></span>ax<span class=\"_ _7\"></span>ation assets and liabilit<span class=\"_ _9\"></span>ies af<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er taking appropriate<span class=\"_ _9\"></span> prof<span class=\"_ _9\"></span>ess<span class=\"_ _7\"></span>ional<span class=\"_ _9\"></span> adv<span class=\"_ _7\"></span>ice, as shown i<span class=\"_ _7\"></span>n note 22<span class=\"_ _9\"></span>. Signifi<span class=\"_ _7\"></span>cant e<span class=\"_ _7\"></span>stimates an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> ass<span class=\"_ _7\"></span>umptions u<span class=\"_ _7\"></span>sed in the va<span class=\"_ _7\"></span>luation of de<span class=\"_ _7\"></span>ferred t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>x relate t<span class=\"_ _9\"></span>o the fore<span class=\"_ _7\"></span>cast ta<span class=\"_ _7\"></span>xa<span class=\"_ _7\"></span>ble profits, ta<span class=\"_ _7\"></span>king in<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>o acc<span class=\"_ _7\"></span>ount the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>nd strategic p<span class=\"_ _7\"></span>lans. Se<span class=\"_ _7\"></span>e note 2<span class=\"_ _9\"></span>3 for f<span class=\"_ _7\"></span>ur<span class=\"_ _7\"></span>ther de<span class=\"_ _7\"></span>tails of adju<span class=\"_ _7\"></span>stments mad<span class=\"_ _7\"></span>e to deferred t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>x durin<span class=\"_ _7\"></span>g the year<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The d<span class=\"_ _7\"></span>etermin<span class=\"_ _7\"></span>ation and fi<span class=\"_ _7\"></span>nalis<span class=\"_ _7\"></span>ation of agre<span class=\"_ _7\"></span>ed ta<span class=\"_ _7\"></span>xation a<span class=\"_ _7\"></span>ssets and li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties may not o<span class=\"_ _7\"></span>ccur unti<span class=\"_ _7\"></span>l several ye<span class=\"_ _7\"></span>ars af<span class=\"_ _7\"></span>ter the repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting date and co<span class=\"_ _7\"></span>nsequ<span class=\"_ _7\"></span>ently the fi<span class=\"_ _7\"></span>nal am<span class=\"_ _7\"></span>ounts payabl<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>or rec<span class=\"_ _7\"></span>eivab<span class=\"_ _7\"></span>le may dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>r from thos<span class=\"_ _7\"></span>e prese<span class=\"_ _7\"></span>nted in thes<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements. 2.<span class=\"_ _20\"></span>19 Repor<span class=\"_ _7\"></span>ting of ad<span class=\"_ _7\"></span>ditiona<span class=\"_ _7\"></span>l per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>manc<span class=\"_ _7\"></span>e measu<span class=\"_ _7\"></span>res<span class=\"_ _304\"> </span>The Direct<span class=\"_ _9\"></span>ors consider that<span class=\"_ _9\"></span> the combined<span class=\"_ _9\"></span>, claims and e<span class=\"_ _9\"></span>xpense ratio me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>s repor<span class=\"_ _7\"></span>ted in re<span class=\"_ _7\"></span>spe<span class=\"_ _7\"></span>ct of oper<span class=\"_ _7\"></span>ating seg<span class=\"_ _7\"></span>ments <span class=\"ls8 ws4\"> </span>and th<span class=\"_ _7\"></span>e Group overa<span class=\"_ _7\"></span>ll in note 4<span class=\"_ _9\"></span>, net a<span class=\"_ _7\"></span>sset valu<span class=\"_ _7\"></span>e per sh<span class=\"_ _7\"></span>are and return o<span class=\"_ _7\"></span>n equi<span class=\"_ _7\"></span>ty me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>s discl<span class=\"_ _7\"></span>osed in n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es 5 a<span class=\"_ _7\"></span>nd 6 and prior<span class=\"_ _9\"></span>-<span class=\"_ _9\"></span>year dev<span class=\"_ _9\"></span>elopments disclosed in no<span class=\"_ _9\"></span>te 2<span class=\"_ _9\"></span>0<span class=\"_ _9\"></span>, provide use<span class=\"_ _9\"></span>ful informa<span class=\"_ _9\"></span>tion regarding<span class=\"_ _9\"></span> the underlying performance of the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s businesses.<span class=\"_ _304\"> </span>The<span class=\"_ _7\"></span>se me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>s are wid<span class=\"_ _7\"></span>ely rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed by the insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e industr<span class=\"_ _7\"></span>y and a<span class=\"_ _7\"></span>re consi<span class=\"_ _7\"></span>stent with the i<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>nal p<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>s reviewe<span class=\"_ _7\"></span>d by senior m<span class=\"_ _7\"></span>anag<span class=\"_ _7\"></span>ement i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>ing the ch<span class=\"_ _7\"></span>ief ope<span class=\"_ _7\"></span>rating decision-mak<span class=\"_ _9\"></span>er<span class=\"_ _a\"></span>. Howev<span class=\"_ _9\"></span>er<span class=\"_ _a\"></span>, these measures ar<span class=\"_ _9\"></span>e not de<span class=\"_ _9\"></span>fined withi<span class=\"_ _7\"></span>n the acco<span class=\"_ _7\"></span>unting sta<span class=\"_ _7\"></span>ndard<span class=\"_ _7\"></span>s and inter<span class=\"_ _7\"></span>pretations, a<span class=\"_ _7\"></span>nd theref<span class=\"_ _9\"></span>ore ma<span class=\"_ _9\"></span>y not be<span class=\"_ _9\"></span> directly comparable wit<span class=\"_ _9\"></span>h similarly tit<span class=\"_ _9\"></span>led additional<span class=\"_ _9\"></span> per<span class=\"_ _7\"></span>formance measures reported b<span class=\"_ _9\"></span>y ot<span class=\"_ _9\"></span>her companies.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-409": {
   "value": "<div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs31d\">The fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial stateme<span class=\"_ _7\"></span>nts of the Grou<span class=\"_ _7\"></span>p have been p<span class=\"_ _7\"></span>repare<span class=\"_ _7\"></span>d </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs31e\">in acc<span class=\"_ _7\"></span>ordan<span class=\"_ _7\"></span>ce with UK-adopted Internatio<span class=\"_ _7\"></span>nal Acc<span class=\"_ _7\"></span>ounting </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs31f\">Sta<span class=\"_ _7\"></span>ndards, a<span class=\"_ _7\"></span>nd Secti<span class=\"_ _7\"></span>on 4.<span class=\"_ _20\"></span>1 of the Dis<span class=\"_ _7\"></span>closu<span class=\"_ _7\"></span>re and T<span class=\"_ _a\"></span>r<span class=\"_ _7\"></span>anspa<span class=\"_ _7\"></span>rency </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs320\">Rule<span class=\"_ _7\"></span>s and the L<span class=\"_ _7\"></span>isting R<span class=\"_ _7\"></span>ules, both is<span class=\"_ _7\"></span>sued by the F<span class=\"_ _7\"></span>inanc<span class=\"_ _7\"></span>ial </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs321\">Conduct Auth<span class=\"_ _9\"></span>orit<span class=\"_ _7\"></span>y (F<span class=\"_ _9\"></span>CA)<span class=\"_ _9\"></span> and in accordance wit<span class=\"_ _9\"></span>h the<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs322\">pro<span class=\"_ _9\"></span>visions of t<span class=\"_ _9\"></span>he Bermuda Companies Act 1<span class=\"_ _a\"></span>98<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-410": {
   "value": "<div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs324\">The c<span class=\"_ _7\"></span>onsol<span class=\"_ _7\"></span>idated fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l statements h<span class=\"_ _7\"></span>ave been pre<span class=\"_ _7\"></span>pared <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs325\">on a going<span class=\"_ _9\"></span> concern basis. In<span class=\"_ _9\"></span> adopting<span class=\"_ _9\"></span> the going concern<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs326\">basi<span class=\"_ _7\"></span>s, the Board ha<span class=\"_ _7\"></span>s reviewed th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s c<span class=\"_ _7\"></span>urrent a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs327\">forecast solv<span class=\"_ _9\"></span>ency and liquidity posit<span class=\"_ _9\"></span>ions for t<span class=\"_ _9\"></span>he next <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs328\">1<span class=\"_ _a\"></span>2 m<span class=\"_ _7\"></span>onths and b<span class=\"_ _7\"></span>eyond. As par<span class=\"_ _7\"></span>t of the co<span class=\"_ _7\"></span>nside<span class=\"_ _7\"></span>ration of <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs329\">the appr<span class=\"_ _9\"></span>opriateness o<span class=\"_ _9\"></span>f adopt<span class=\"_ _9\"></span>ing the going<span class=\"_ _9\"></span> concern basis,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs32a\">the Di<span class=\"_ _7\"></span>rectors us<span class=\"_ _7\"></span>e scen<span class=\"_ _7\"></span>ario a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>is and stre<span class=\"_ _7\"></span>ss testing to <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs32b\">ass<span class=\"_ _7\"></span>ess the ro<span class=\"_ _7\"></span>bustne<span class=\"_ _7\"></span>ss of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s solve<span class=\"_ _7\"></span>ncy and li<span class=\"_ _7\"></span>quidi<span class=\"_ _7\"></span>ty </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs32c\">posi<span class=\"_ _7\"></span>tions. In un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>tak<span class=\"_ _7\"></span>ing thi<span class=\"_ _7\"></span>s anal<span class=\"_ _7\"></span>ysis, no mater<span class=\"_ _7\"></span>ial unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>tai<span class=\"_ _7\"></span>nty </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs32d\">in rel<span class=\"_ _7\"></span>ation to going co<span class=\"_ _7\"></span>ncer<span class=\"_ _7\"></span>n has be<span class=\"_ _7\"></span>en id<span class=\"_ _7\"></span>entifie<span class=\"_ _7\"></span>d, due to the<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs32e\">Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s strong capital and liquidity positions<span class=\"_ _9\"></span> providing<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs32f\">resilience t<span class=\"_ _9\"></span>o shocks<span class=\"_ _9\"></span>, underpinned by t<span class=\"_ _9\"></span>he Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s approach<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs330\">to risk ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>ment de<span class=\"_ _7\"></span>scri<span class=\"_ _7\"></span>bed in n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>e 3. Af<span class=\"_ _7\"></span>ter mak<span class=\"_ _7\"></span>ing </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs331\">enquiries, the<span class=\"_ _9\"></span> Directors<span class=\"_ _9\"></span> have<span class=\"_ _9\"></span> a reasonable expectat<span class=\"_ _9\"></span>ion <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs332\">that the G<span class=\"_ _7\"></span>roup has ad<span class=\"_ _7\"></span>equate res<span class=\"_ _7\"></span>ource<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o co<span class=\"_ _7\"></span>ntinue in </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs333\">ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l existence ove<span class=\"_ _7\"></span>r a peri<span class=\"_ _7\"></span>od of at leas<span class=\"_ _7\"></span>t 1<span class=\"_ _a\"></span>2 mo<span class=\"_ _7\"></span>nths <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs334\">from th<span class=\"_ _7\"></span>e date of t<span class=\"_ _9\"></span>hi<span class=\"_ _7\"></span>s repor<span class=\"_ _7\"></span>t. For this re<span class=\"_ _7\"></span>ason, the Gro<span class=\"_ _7\"></span>up </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs335\">contin<span class=\"_ _7\"></span>ues to adopt the g<span class=\"_ _7\"></span>oing co<span class=\"_ _7\"></span>ncer<span class=\"_ _7\"></span>n basis i<span class=\"_ _7\"></span>n prepa<span class=\"_ _7\"></span>ring <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs336\">the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated financ<span class=\"_ _7\"></span>ial statem<span class=\"_ _7\"></span>ents.<span class=\"_ _304\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-386": {
   "value": "<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls39 ws43 gs338\">2.<span class=\"_ _9\"></span>1 Mat<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>ial accounting policies information<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs339\">The principal account<span class=\"_ _9\"></span>ing policies applied in<span class=\"_ _9\"></span> the prepara<span class=\"_ _9\"></span>tion<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs33a\">of these c<span class=\"_ _7\"></span>onsol<span class=\"_ _7\"></span>idated fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l statements a<span class=\"_ _7\"></span>re set out b<span class=\"_ _7\"></span>elow<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs33b\">The most critical<span class=\"_ _9\"></span> individual components o<span class=\"_ _9\"></span>f these financial<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs33c\">stateme<span class=\"_ _7\"></span>nts that involve the hi<span class=\"_ _7\"></span>ghes<span class=\"_ _7\"></span>t degre<span class=\"_ _7\"></span>e of judge<span class=\"_ _7\"></span>ment <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs33d\">or significant assump<span class=\"_ _9\"></span>tions and est<span class=\"_ _9\"></span>imations<span class=\"_ _9\"></span> are identified<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 lsa2 wsbd gs33e\">i<span class=\"_ _2c\"></span>n<span class=\"_ _2c\"></span> n<span class=\"_ _c\"> </span>o<span class=\"_ _8\"></span>t<span class=\"_ _2c\"></span>e<span class=\"_ _2c\"></span> 2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws41 gs33f\">E<span class=\"_ _7\"></span>xcept as de<span class=\"_ _7\"></span>scrib<span class=\"_ _7\"></span>ed in se<span class=\"_ _7\"></span>ction (a) bel<span class=\"_ _7\"></span>ow and overle<span class=\"_ _7\"></span>af<span class=\"_ _9\"></span>, the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls6d ws44 gs340\">accounting<span class=\"_ _9\"></span> policies adopt<span class=\"_ _9\"></span>ed are<span class=\"_ _9\"></span> consistent<span class=\"_ _9\"></span> with those<span class=\"_ _9\"></span> of the<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls89 ws43 gs341\">previous financial y<span class=\"_ _9\"></span>ear<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gs342\">(a) New accou<span class=\"_ _7\"></span>nting sta<span class=\"_ _7\"></span>ndards, inter<span class=\"_ _7\"></span>pretation<span class=\"_ _7\"></span>s and </div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gs343\">ame<span class=\"_ _7\"></span>ndme<span class=\"_ _7\"></span>nts t<span class=\"_ _9\"></span>o pu<span class=\"_ _7\"></span>blish<span class=\"_ _7\"></span>ed stan<span class=\"_ _7\"></span>dards </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs344\">In the<span class=\"_ _7\"></span>se cons<span class=\"_ _7\"></span>olidated fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al stateme<span class=\"_ _7\"></span>nts, the Compa<span class=\"_ _7\"></span>ny<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs345\">has a<span class=\"_ _7\"></span>pplie<span class=\"_ _7\"></span>d IFRS 1<span class=\"_ _a\"></span>7 and I<span class=\"_ _7\"></span>FRS 9 for the fir<span class=\"_ _7\"></span>st time. </div><div class=\"gs346\"><table class=\"s w144 h9d\" id=\"_38f07ede-5510-44b4-bab0-4698cdf260b3\"><tr><td></td><td class=\"t m0 x354 h44 y1f3f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x355 he y1f40 ff5f fs7 fc2 sc0 ls38 ws41\">Equit<span class=\"_ _7\"></span>y as at 31 Dece<span class=\"_ _7\"></span>mber 2021<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td></tr><tr><td class=\"c n x1b7 y1f41 w145 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">as previously r<span class=\"_ _9\"></span>epor<span class=\"_ _7\"></span>ted<span class=\"_ _304\"> </span></div></td><td class=\"c n x356 y1f41 w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,5<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f42 w146 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Impac<span class=\"_ _7\"></span>t of IFRS 1<span class=\"_ _a\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x357 y1f42 wa1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e7d w147 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Impac<span class=\"_ _7\"></span>t of IFRS 9<span class=\"_ _304\"> </span></div></td><td class=\"c n x358 y1e7d w148 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w149 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws41\">Res<span class=\"_ _7\"></span>tated equi<span class=\"_ _7\"></span>ty 1 Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y 2022<span class=\"_ _304\"> </span></div></td><td class=\"c n x359 y1e80 wa0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,5<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gs347\">2<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.<span class=\"_ _a\"></span>1 IFRS 1<span class=\"_ _a\"></span>7 <span class=\"ff68 ls39 ws43\">Insurance Con<span class=\"_ _9\"></span>tracts<span class=\"_ _304\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs348\">The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s restated co<span class=\"_ _7\"></span>mparati<span class=\"_ _7\"></span>ve informatio<span class=\"_ _7\"></span>n for 2022<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs349\">applying the full<span class=\"_ _9\"></span> retr<span class=\"_ _9\"></span>ospective t<span class=\"_ _9\"></span>ransitional pro<span class=\"_ _9\"></span>visions o<span class=\"_ _9\"></span>f <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs34a\">IFRS 1<span class=\"_ _a\"></span>7 <span class=\"ff68 ls39 ws43\">Insurance Contrac<span class=\"_ _9\"></span>ts<span class=\"_ _9\"></span><span class=\"ff5f ls8 ws4\">. </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs34b\">The n<span class=\"_ _7\"></span>ature of the cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n accou<span class=\"_ _7\"></span>nting pol<span class=\"_ _7\"></span>icie<span class=\"_ _7\"></span>s can be </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs34c\">summarised as fol<span class=\"_ _9\"></span>lows.<span class=\"_ _9\"></span> </div><div class=\"t m0 h4d ff68 fs7 fc3 sc0 ls6d wsc4 gs34d\">Measure<span class=\"_ _7\"></span>ment<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs34e\">IFRS 1<span class=\"_ _a\"></span>7 req<span class=\"_ _7\"></span>uires a c<span class=\"_ _7\"></span>urrent m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nt mode<span class=\"_ _7\"></span>l where </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs34f\">estim<span class=\"_ _7\"></span>ates are reme<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d each re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d. Under <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs350\">the Ge<span class=\"_ _7\"></span>nera<span class=\"_ _7\"></span>l Mea<span class=\"_ _7\"></span>sureme<span class=\"_ _7\"></span>nt Mod<span class=\"_ _7\"></span>el (GMM), contracts are<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs352\">measured using the b<span class=\"_ _9\"></span>uilding blocks of<span class=\"_ _9\"></span> discounted<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs353\">probability-<span class=\"_ _9\"></span>weight<span class=\"_ _9\"></span>ed fulfilment cash<span class=\"_ _9\"></span> flows,<span class=\"_ _9\"></span> including an<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs354\">expli<span class=\"_ _7\"></span>cit ris<span class=\"_ _7\"></span>k adjustm<span class=\"_ _7\"></span>ent, and a co<span class=\"_ _7\"></span>ntractual s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e margi<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs355\">(CSM<span class=\"_ _9\"></span>) representing<span class=\"_ _9\"></span> the unearned pro<span class=\"_ _9\"></span>fit of t<span class=\"_ _9\"></span>he contract<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs356\">whi<span class=\"_ _7\"></span>ch is rec<span class=\"_ _7\"></span>ognise<span class=\"_ _7\"></span>d as revenu<span class=\"_ _7\"></span>e over the coverag<span class=\"_ _7\"></span>e per<span class=\"_ _7\"></span>iod. A </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs357\">simp<span class=\"_ _7\"></span>lificati<span class=\"_ _7\"></span>on, the premi<span class=\"_ _7\"></span>um allo<span class=\"_ _7\"></span>cation a<span class=\"_ _7\"></span>pproac<span class=\"_ _7\"></span>h (P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A)<span class=\"_ _9\"></span>, ca<span class=\"_ _7\"></span>n be </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs358\">applied if certain eligibility criteria are<span class=\"_ _9\"></span> met.<span class=\"_ _9\"></span> The majorit<span class=\"_ _7\"></span>y o<span class=\"_ _9\"></span>f the<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs359\">Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s polici<span class=\"_ _7\"></span>es have a coverag<span class=\"_ _7\"></span>e per<span class=\"_ _7\"></span>iod of 1<span class=\"_ _a\"></span>2 m<span class=\"_ _7\"></span>onths or le<span class=\"_ _7\"></span>ss </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs35a\">and s<span class=\"_ _7\"></span>o are elig<span class=\"_ _7\"></span>ible for the P<span class=\"_ _9\"></span>A<span class=\"_ _7\"></span>A<span class=\"_ _7\"></span>. Man<span class=\"_ _7\"></span>agem<span class=\"_ _7\"></span>ent app<span class=\"_ _7\"></span>lies s<span class=\"_ _7\"></span>ignific<span class=\"_ _7\"></span>ant </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs35b\">judg<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nts in asse<span class=\"_ _7\"></span>ssi<span class=\"_ _7\"></span>ng whethe<span class=\"_ _7\"></span>r appl<span class=\"_ _7\"></span>ying th<span class=\"_ _7\"></span>e P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A to groups </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs35c\">of contrac<span class=\"_ _7\"></span>ts with a covera<span class=\"_ _7\"></span>ge per<span class=\"_ _7\"></span>iod ex<span class=\"_ _7\"></span>tending b<span class=\"_ _7\"></span>eyond <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs35d\">1<span class=\"_ _a\"></span>2 m<span class=\"_ _7\"></span>onths would p<span class=\"_ _7\"></span>roduce a m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>rement of th<span class=\"_ _7\"></span>e liabi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y for </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs35e\">rema<span class=\"_ _7\"></span>ining c<span class=\"_ _7\"></span>overage (LRC) that wo<span class=\"_ _7\"></span>uld not dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>r materia<span class=\"_ _7\"></span>lly <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs35f\">from th<span class=\"_ _7\"></span>e one that woul<span class=\"_ _7\"></span>d be produ<span class=\"_ _7\"></span>ced ap<span class=\"_ _7\"></span>plyi<span class=\"_ _7\"></span>ng GMM. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs360\">Man<span class=\"_ _7\"></span>agem<span class=\"_ _7\"></span>ent has c<span class=\"_ _7\"></span>onclu<span class=\"_ _7\"></span>ded that a m<span class=\"_ _7\"></span>ajori<span class=\"_ _7\"></span>ty of the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3c ws45 gs361\">insurance contracts i<span class=\"_ _9\"></span>ssue<span class=\"_ _7\"></span>d and r<span class=\"_ _9\"></span>einsurance contracts held </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs362\">meet th<span class=\"_ _7\"></span>e criter<span class=\"_ _7\"></span>ia and th<span class=\"_ _7\"></span>e P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A is app<span class=\"_ _7\"></span>lied to mea<span class=\"_ _7\"></span>sure the<span class=\"_ _7\"></span>m.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs363\">The measurement principles differ from t<span class=\"_ _9\"></span>he approach used<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs364\">by the Grou<span class=\"_ _7\"></span>p unde<span class=\"_ _7\"></span>r IFRS 4<span class=\"_ _9\"></span>. T<span class=\"_ _7\"></span>he key areas a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs365\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs366\"> <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>the<span class=\"_ _9\"></span> LRC reflect<span class=\"_ _9\"></span>s premiums r<span class=\"_ _9\"></span>ecei<span class=\"_ _7\"></span>v<span class=\"_ _9\"></span>ed less insurance </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs367\">acquisition cash flo<span class=\"_ _9\"></span>ws and less amounts r<span class=\"_ _9\"></span>ecognised <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs368\">in insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce revenue;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs369\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs36a\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span> <span class=\"_ _24\"></span>mea<span class=\"_ _7\"></span>sureme<span class=\"_ _7\"></span>nt of the LRC is ad<span class=\"_ _7\"></span>justed if a g<span class=\"_ _7\"></span>roup of </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs36b\">contract<span class=\"_ _9\"></span>s is e<span class=\"_ _9\"></span>xpected t<span class=\"_ _9\"></span>o be onerous<span class=\"_ _9\"></span> (for e<span class=\"_ _9\"></span>xample,<span class=\"_ _9\"></span> loss </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs36c\">mak<span class=\"_ _7\"></span>ing) over the rem<span class=\"_ _7\"></span>aining c<span class=\"_ _7\"></span>overage p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d and a los<span class=\"_ _7\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs36d\">is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed imme<span class=\"_ _7\"></span>diately i<span class=\"_ _7\"></span>n the cons<span class=\"_ _7\"></span>olidated in<span class=\"_ _7\"></span>come </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs36e\">stateme<span class=\"_ _7\"></span>nt unde<span class=\"_ _7\"></span>r \u2018insuran<span class=\"_ _7\"></span>ce ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>\u2019 with <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs36f\">the r<span class=\"_ _9\"></span>ecoveries in \u2018<span class=\"_ _9\"></span>amount<span class=\"_ _9\"></span>s recov<span class=\"_ _9\"></span>erable from r<span class=\"_ _9\"></span>einsurers <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs370\">for inc<span class=\"_ _9\"></span>urred claims<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>. A<span class=\"_ _9\"></span> loss component is measured<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs371\">as the exces<span class=\"_ _7\"></span>s of the ful<span class=\"_ _7\"></span>filment c<span class=\"_ _7\"></span>ash flows th<span class=\"_ _7\"></span>at relate <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs372\">to the remai<span class=\"_ _7\"></span>ning cover<span class=\"_ _7\"></span>age of the group ove<span class=\"_ _7\"></span>r the <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs373\">car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of the L<span class=\"_ _7\"></span>RC of the group of co<span class=\"_ _7\"></span>ntracts;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs374\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs375\"> <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>measurement o<span class=\"_ _9\"></span>f the<span class=\"_ _9\"></span> liability for incurred claims<span class=\"_ _9\"></span> (LIC)<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs376\">is det<span class=\"_ _9\"></span>ermined on a pr<span class=\"_ _9\"></span>obability-w<span class=\"_ _9\"></span>eighted<span class=\"_ _9\"></span> expected<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs377\">value b<span class=\"_ _7\"></span>asis. In co<span class=\"_ _7\"></span>ntrast to IFRS 4, the LIC is disc<span class=\"_ _7\"></span>ounted. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs378\">The LIC also<span class=\"_ _9\"></span> includes an explicit<span class=\"_ _9\"></span> risk adjustment<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs379\">t<span class=\"_ _9\"></span>o compensate<span class=\"_ _9\"></span> for non-<span class=\"_ _9\"></span>financial risk. The l<span class=\"_ _9\"></span>iability <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs37a\">includes the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> obligation t<span class=\"_ _9\"></span>o pa<span class=\"_ _9\"></span>y ot<span class=\"_ _9\"></span>her incurred </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls7c ws89 gs37b\">insurance expense<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs37c\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs37d\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the disco<span class=\"_ _7\"></span>unt rates use<span class=\"_ _7\"></span>d to calcul<span class=\"_ _7\"></span>ate the LIC are </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs37e\">construct<span class=\"_ _9\"></span>ed using risk<span class=\"_ _a\"></span>-free rat<span class=\"_ _9\"></span>es, pl<span class=\"_ _9\"></span>us an illiquidity </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs37f\">prem<span class=\"_ _7\"></span>ium, whe<span class=\"_ _7\"></span>re appli<span class=\"_ _7\"></span>cabl<span class=\"_ _7\"></span>e. Risk<span class=\"_ _9\"></span>-free rates a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs380\">determ<span class=\"_ _7\"></span>ined by refere<span class=\"_ _7\"></span>nce to the mar<span class=\"_ _7\"></span>ket obser<span class=\"_ _7\"></span>va<span class=\"_ _7\"></span>ble </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs381\">data (swap rates or hi<span class=\"_ _7\"></span>ghly li<span class=\"_ _7\"></span>quid sovere<span class=\"_ _7\"></span>ign bo<span class=\"_ _7\"></span>nds) in </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs382\">the curr<span class=\"_ _9\"></span>encies of the<span class=\"_ _9\"></span> respective (<span class=\"_ _9\"></span>re<span class=\"_ _9\"></span>)insurance cont<span class=\"_ _9\"></span>ract </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls7c ws89 gs383\">liabilities. The illiquidit<span class=\"_ _7\"></span>y premium is det<span class=\"_ _9\"></span>ermin<span class=\"_ _7\"></span>ed based <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs384\">on market<span class=\"_ _9\"></span> obser<span class=\"_ _7\"></span>vable illiquidity premiums in<span class=\"_ _9\"></span> financial </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs385\">assets<span class=\"_ _9\"></span>, adjust<span class=\"_ _9\"></span>ed t<span class=\"_ _9\"></span>o reflect the<span class=\"_ _9\"></span> liquidity characterist<span class=\"_ _9\"></span>ics <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs386\">of the lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y cas<span class=\"_ _7\"></span>h flows;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs387\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs388\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the risk ad<span class=\"_ _7\"></span>justme<span class=\"_ _7\"></span>nt for non-fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l risk is th<span class=\"_ _7\"></span>e estimated </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs389\">com<span class=\"_ _7\"></span>pens<span class=\"_ _7\"></span>ation that the G<span class=\"_ _7\"></span>roup requ<span class=\"_ _7\"></span>ires for b<span class=\"_ _7\"></span>eari<span class=\"_ _7\"></span>ng the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs38a\">unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>taint<span class=\"_ _7\"></span>y abo<span class=\"_ _7\"></span>ut the am<span class=\"_ _7\"></span>ount an<span class=\"_ _7\"></span>d timing of the c<span class=\"_ _7\"></span>ash <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs38b\">flows of group<span class=\"_ _7\"></span>s of insuran<span class=\"_ _7\"></span>ce contr<span class=\"_ _7\"></span>acts. Mana<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs38c\">applies significant judgement<span class=\"_ _9\"></span>s in det<span class=\"_ _9\"></span>ermining the risk<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs38d\">adjustment<span class=\"_ _9\"></span> amount<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs38e\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs38f\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt of the reinsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e contract a<span class=\"_ _7\"></span>sset for </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3c ws45 gs390\">remaining coverage (<span class=\"_ _9\"></span>ARC) reflecting r<span class=\"_ _9\"></span>einsurance </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs391\">prem<span class=\"_ _7\"></span>iums pa<span class=\"_ _7\"></span>id for reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e held i<span class=\"_ _7\"></span>s adjusted to <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs392\">include a loss<span class=\"_ _9\"></span>-recov<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>y component t<span class=\"_ _9\"></span>o reflect<span class=\"_ _9\"></span> the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs393\">expect<span class=\"_ _9\"></span>ed recovery of oner<span class=\"_ _9\"></span>ous contract<span class=\"_ _9\"></span> losses where <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs394\">such contr<span class=\"_ _9\"></span>acts reins<span class=\"_ _9\"></span>ure onerous con<span class=\"_ _9\"></span>tracts<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs395\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs396\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt of the reinsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e asset for i<span class=\"_ _7\"></span>ncur<span class=\"_ _7\"></span>red <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs397\">cla<span class=\"_ _7\"></span>ims (AIC) is s<span class=\"_ _7\"></span>imila<span class=\"_ _7\"></span>r t<span class=\"_ _9\"></span>o the LIC a<span class=\"_ _7\"></span>s set out a<span class=\"_ _7\"></span>bove<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs398\">except for the adj<span class=\"_ _7\"></span>ustmen<span class=\"_ _7\"></span>t for the ef<span class=\"_ _7\"></span>fect of the r<span class=\"_ _7\"></span>isk <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs399\">of r<span class=\"_ _9\"></span>einsurer\u2019<span class=\"_ _a\"></span>s non-per<span class=\"_ _7\"></span>formance<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs39a\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs39b\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the expec<span class=\"_ _7\"></span>ted premi<span class=\"_ _7\"></span>um rece<span class=\"_ _7\"></span>ipts are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs39c\">the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated incom<span class=\"_ _7\"></span>e statement a<span class=\"_ _7\"></span>s par<span class=\"_ _7\"></span>t of <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs39d\">insu<span class=\"_ _7\"></span>rance reve<span class=\"_ _7\"></span>nue over the in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce coverag<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs39e\">per<span class=\"_ _7\"></span>iod on th<span class=\"_ _7\"></span>e basis of the pa<span class=\"_ _7\"></span>ssag<span class=\"_ _7\"></span>e of time unl<span class=\"_ _7\"></span>ess <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs39f\">the expe<span class=\"_ _7\"></span>cted pat<span class=\"_ _7\"></span>tern of rele<span class=\"_ _7\"></span>ase fro<span class=\"_ _7\"></span>m risk d<span class=\"_ _7\"></span>if<span class=\"_ _7\"></span>fers </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3a0\">sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>ntly from th<span class=\"_ _7\"></span>e pass<span class=\"_ _7\"></span>age of time, in whi<span class=\"_ _7\"></span>ch <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3a1\">cas<span class=\"_ _7\"></span>e it is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed base<span class=\"_ _7\"></span>d on the exp<span class=\"_ _7\"></span>ected <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3a2\">timin<span class=\"_ _7\"></span>g of incurre<span class=\"_ _7\"></span>d clai<span class=\"_ _7\"></span>ms and be<span class=\"_ _7\"></span>nefits;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs3a3\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs3a4\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>all insu<span class=\"_ _7\"></span>rance a<span class=\"_ _7\"></span>nd rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contrac<span class=\"_ _7\"></span>t assets <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs3a5\">and liabilities<span class=\"_ _9\"></span> are monetary items.<span class=\"_ _9\"></span> As a result<span class=\"_ _9\"></span>,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs3a6\">those balances denominat<span class=\"_ _9\"></span>ed in for<span class=\"_ _9\"></span>eign <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3a7\">cur<span class=\"_ _7\"></span>renci<span class=\"_ _7\"></span>es are su<span class=\"_ _7\"></span>bject to revaluati<span class=\"_ _7\"></span>on at foreig<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3a8\">exchang<span class=\"_ _7\"></span>e rates prevailin<span class=\"_ _7\"></span>g at the repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3a9\">date, with the imp<span class=\"_ _7\"></span>act of chan<span class=\"_ _7\"></span>ges in fo<span class=\"_ _7\"></span>reign <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3aa\">exchang<span class=\"_ _7\"></span>e rates reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in the con<span class=\"_ _7\"></span>solidated <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3ab\">inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs3ac\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs3ad\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>unde<span class=\"_ _7\"></span>r IFRS 4<span class=\"_ _9\"></span>, ac<span class=\"_ _7\"></span>quisi<span class=\"_ _7\"></span>tion costs we<span class=\"_ _7\"></span>re recog<span class=\"_ _7\"></span>nised <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3ae\">and p<span class=\"_ _7\"></span>resented s<span class=\"_ _7\"></span>eparatel<span class=\"_ _7\"></span>y as \u2018<span class=\"_ _9\"></span>defer<span class=\"_ _7\"></span>red acq<span class=\"_ _7\"></span>uisitio<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3af\">costs\u2019<span class=\"_ _a\"></span>. Unde<span class=\"_ _7\"></span>r IFRS 1<span class=\"_ _a\"></span>7<span class=\"_ _20\"></span>, the G<span class=\"_ _7\"></span>roup has ta<span class=\"_ _7\"></span>ken the <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs3b0\">opti<span class=\"_ _9\"></span>on to<span class=\"_ _9\"></span> include directly<span class=\"_ _9\"></span> attributable acquisition<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3b1\">cas<span class=\"_ _7\"></span>h flows in the LRC w<span class=\"_ _7\"></span>hich a<span class=\"_ _7\"></span>re t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>sted sepa<span class=\"_ _7\"></span>rately <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3b2\">for rec<span class=\"_ _7\"></span>overabil<span class=\"_ _7\"></span>ity a<span class=\"_ _7\"></span>nd are am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tised a<span class=\"_ _7\"></span>s par<span class=\"_ _7\"></span>t of <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs3b3\">insurance ser<span class=\"_ _7\"></span>vice expenses.<span class=\"_ _304\"> </span></div><div class=\"t m0 h4d ff68 fs7 fc3 sc0 ls38 ws41 gs3b4\">Chang<span class=\"_ _7\"></span>es to pres<span class=\"_ _7\"></span>entation an<span class=\"_ _7\"></span>d discl<span class=\"_ _7\"></span>osure<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3b5\">The p<span class=\"_ _7\"></span>rese<span class=\"_ _7\"></span>ntation of the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated incom<span class=\"_ _7\"></span>e statement </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3b6\">cha<span class=\"_ _7\"></span>nges, w<span class=\"_ _7\"></span>ith premi<span class=\"_ _7\"></span>um and cl<span class=\"_ _7\"></span>aims fig<span class=\"_ _7\"></span>ures be<span class=\"_ _7\"></span>ing rep<span class=\"_ _7\"></span>lace<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3b7\">with in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce revenue, ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce expe<span class=\"_ _7\"></span>nse and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3b8\">insu<span class=\"_ _7\"></span>rance fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>e incom<span class=\"_ _7\"></span>e and expe<span class=\"_ _7\"></span>nses. G<span class=\"_ _7\"></span>ross an<span class=\"_ _7\"></span>d net <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3b9\">wri<span class=\"_ _7\"></span>tten pre<span class=\"_ _7\"></span>mium w<span class=\"_ _7\"></span>ill no lon<span class=\"_ _7\"></span>ger be p<span class=\"_ _7\"></span>resen<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed o<span class=\"_ _7\"></span>n the face <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3ba\">of the con<span class=\"_ _7\"></span>solidated i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs3bb\">Further<span class=\"_ _a\"></span>, reinsurance commi<span class=\"_ _9\"></span>ssion income that<span class=\"_ _9\"></span> is contingen<span class=\"_ _9\"></span>t <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs3bc\">on claims<span class=\"_ _9\"></span>, for e<span class=\"_ _9\"></span>xample pro<span class=\"_ _9\"></span>fit commission income<span class=\"_ _9\"></span>, is tr<span class=\"_ _9\"></span>eated<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3bd\">as pa<span class=\"_ _7\"></span>rt of c<span class=\"_ _7\"></span>laims re<span class=\"_ _7\"></span>coveri<span class=\"_ _7\"></span>es cas<span class=\"_ _7\"></span>h flows and that w<span class=\"_ _7\"></span>hich is <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs3be\">not con<span class=\"_ _9\"></span>tingent on clai<span class=\"_ _9\"></span>ms, for<span class=\"_ _9\"></span> example o<span class=\"_ _9\"></span>verrider commission,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3bf\">is acc<span class=\"_ _7\"></span>ounted for as p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>t of premiu<span class=\"_ _7\"></span>m paid or re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>ved <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws84 gs3c0\">ca<span class=\"_ _7\"></span>sh flow<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span></div><div class=\"t m0 h4d ff68 fs7 fc3 sc0 ls3c wsbb gs3c1\">T<span class=\"_ _a\"></span>ransition<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3c2\">On tra<span class=\"_ _7\"></span>nsitio<span class=\"_ _7\"></span>n date<span class=\"_ _9\"></span>, 1 Jan<span class=\"_ _7\"></span>uar<span class=\"_ _7\"></span>y 2022<span class=\"_ _9\"></span>, the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs3c3\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs3c4\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>has ide<span class=\"_ _7\"></span>ntified, rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed an<span class=\"_ _7\"></span>d meas<span class=\"_ _7\"></span>ured eac<span class=\"_ _7\"></span>h group </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3c5\">of insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ontracts as i<span class=\"_ _7\"></span>f IFRS 1<span class=\"_ _a\"></span>7 requ<span class=\"_ _7\"></span>ireme<span class=\"_ _7\"></span>nts had </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs3c6\">alway<span class=\"_ _9\"></span>s applied;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs3c7\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs3c8\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>derecognised any e<span class=\"_ _9\"></span>xisting balances tha<span class=\"_ _9\"></span>t would no<span class=\"_ _9\"></span>t <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3c9\">exist h<span class=\"_ _7\"></span>ad IFRS 1<span class=\"_ _a\"></span>7 requ<span class=\"_ _7\"></span>ireme<span class=\"_ _7\"></span>nts always app<span class=\"_ _7\"></span>lied;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs3ca\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs3cb\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>med a P<span class=\"_ _9\"></span>A<span class=\"_ _7\"></span>A eli<span class=\"_ _7\"></span>gibili<span class=\"_ _7\"></span>ty as<span class=\"_ _7\"></span>ses<span class=\"_ _7\"></span>sment fo<span class=\"_ _7\"></span>r the <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3cc\">202<span class=\"_ _9\"></span>1 and pr<span class=\"_ _7\"></span>ior un<span class=\"_ _7\"></span>expired g<span class=\"_ _7\"></span>roups of insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls77 ws41 gs3cd\">re<span class=\"_ _7\"></span>ins<span class=\"_ _7\"></span>ur<span class=\"_ _7\"></span>an<span class=\"_ _7\"></span>ce <span class=\"_ _7\"></span>contrac<span class=\"_ _7\"></span>ts with coverag<span class=\"_ _7\"></span>e per<span class=\"_ _7\"></span>iods of lon<span class=\"_ _7\"></span>ger <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 lsb5 ws4c gs3ce\">than 1<span class=\"_ _9\"></span>2 months; </div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs3cf\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs3d0\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>has deter<span class=\"_ _7\"></span>mined th<span class=\"_ _7\"></span>at the net imp<span class=\"_ _7\"></span>act to equit<span class=\"_ _7\"></span>y at <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3d1\">1 Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y 2022 was $2<span class=\"_ _9\"></span>5.<span class=\"_ _20\"></span>1 m<span class=\"_ _7\"></span>illion (<span class=\"_ _7\"></span>incre<span class=\"_ _7\"></span>ase) drive<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs3d2\">by t<span class=\"_ _9\"></span>he follo<span class=\"_ _9\"></span>wing fact<span class=\"_ _9\"></span>ors<span class=\"_ _9\"></span>: </div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws22a gs3d3\"> A<span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the a<span class=\"_ _7\"></span>pplic<span class=\"_ _7\"></span>ation of the di<span class=\"_ _7\"></span>scountin<span class=\"_ _7\"></span>g of the <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs3d4\">insurance cont<span class=\"_ _9\"></span>ract liabilit<span class=\"_ _9\"></span>ies and assets o<span class=\"_ _9\"></span>f <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs3d5\">$55.<span class=\"_ _9\"></span>0 million<span class=\"_ _9\"></span> (increase)<span class=\"_ _9\"></span>; and</div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws22a gs3d6\"> A<span class=\"_ _7\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>off<span class=\"_ _7\"></span>set<span class=\"_ _9\"></span> by ot<span class=\"_ _9\"></span>her dif<span class=\"_ _7\"></span>ferences including t<span class=\"_ _9\"></span>he recognition </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs3d7\">of oner<span class=\"_ _9\"></span>ous contract<span class=\"_ _9\"></span> net loss component<span class=\"_ _9\"></span>s,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3d8\">non-p<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>form<span class=\"_ _7\"></span>ance r<span class=\"_ _7\"></span>isk, and a<span class=\"_ _7\"></span>lignm<span class=\"_ _7\"></span>ent of ris<span class=\"_ _7\"></span>k </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs3d9\">adjustment<span class=\"_ _9\"></span> and accountin<span class=\"_ _9\"></span>g policies on a consis<span class=\"_ _9\"></span>tent<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3da\">basi<span class=\"_ _7\"></span>s unde<span class=\"_ _7\"></span>r IFRS 1<span class=\"_ _a\"></span>7 of $29<span class=\"_ _9\"></span>.9 mill<span class=\"_ _7\"></span>ion (decre<span class=\"_ _7\"></span>ase)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gs3dc\">2<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.2 IFRS 9 <span class=\"ff68 ls3d ws46\">Financial Instrum<span class=\"_ _9\"></span>ents<span class=\"_ _304\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3dd\">The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s adopted IFRS 9 <span class=\"ff68 ls3d ws46\">Financial Ins<span class=\"_ _9\"></span>truments<span class=\"ff5f ls8 wsb4\"> wi<span class=\"_ _7\"></span>th </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3de\">ef<span class=\"_ _7\"></span>fect f<span class=\"_ _7\"></span>rom 1 Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y 2023<span class=\"_ _9\"></span>. IFRS 9 re<span class=\"_ _7\"></span>plac<span class=\"_ _7\"></span>es IAS 39 an<span class=\"_ _7\"></span>d </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs3df\">addresses the<span class=\"_ _9\"></span> classification and measurement<span class=\"_ _9\"></span> of financial<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3e0\">ass<span class=\"_ _7\"></span>ets and lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es; impair<span class=\"_ _7\"></span>ment of fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l assets; and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3e1\">gen<span class=\"_ _7\"></span>eral h<span class=\"_ _7\"></span>edge ac<span class=\"_ _7\"></span>counti<span class=\"_ _7\"></span>ng. Compa<span class=\"_ _7\"></span>ratives have be<span class=\"_ _7\"></span>en <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3e2\">restated w<span class=\"_ _7\"></span>ith adju<span class=\"_ _7\"></span>stments to the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mounts of <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3e3\">fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets an<span class=\"_ _7\"></span>d liabi<span class=\"_ _7\"></span>lities at th<span class=\"_ _7\"></span>e date of transitio<span class=\"_ _7\"></span>n </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs3e4\">recognised in ret<span class=\"_ _9\"></span>ained ear<span class=\"_ _7\"></span>nings<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3e5\">The a<span class=\"_ _7\"></span>doption of IFRS 9 h<span class=\"_ _7\"></span>as resul<span class=\"_ _7\"></span>ted in cha<span class=\"_ _7\"></span>nges to the <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs3e6\">Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s accounting pol<span class=\"_ _9\"></span>icies for recognit<span class=\"_ _9\"></span>ion, classificat<span class=\"_ _9\"></span>ion <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs3e7\">and measurement o<span class=\"_ _9\"></span>f financial assets<span class=\"_ _9\"></span> and liabilities.<span class=\"_ _304\"> </span></div><div class=\"t m0 h4d ff68 fs7 fc3 sc0 ls3c wsbb gs3e8\">T<span class=\"_ _a\"></span>ransition<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3e9\">On the tra<span class=\"_ _7\"></span>nsitio<span class=\"_ _7\"></span>n date, 1 Januar<span class=\"_ _7\"></span>y 2022<span class=\"_ _9\"></span>, the n<span class=\"_ _7\"></span>et impact </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3ea\">reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in equ<span class=\"_ _7\"></span>ity i<span class=\"_ _7\"></span>s $<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.2 m<span class=\"_ _7\"></span>illion (dec<span class=\"_ _7\"></span>rease) dr<span class=\"_ _7\"></span>iven by the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3eb\">reco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n of expec<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed c<span class=\"_ _7\"></span>redit l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s (ECL) unde<span class=\"_ _7\"></span>r IFRS 9 <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3ec\">for fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tised c<span class=\"_ _7\"></span>ost, net of ta<span class=\"_ _7\"></span>x.<span class=\"_ _304\"> </span></div><div class=\"t m0 h4d ff68 fs7 fc3 sc0 ls38 ws41 gs3ed\">Class<span class=\"_ _7\"></span>ificatio<span class=\"_ _7\"></span>n and meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt of financ<span class=\"_ _7\"></span>ial in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nts<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs3ee\">IFRS 9<span class=\"_ _9\"></span> contains t<span class=\"_ _9\"></span>hree principal classificat<span class=\"_ _9\"></span>ion cat<span class=\"_ _9\"></span>egorie<span class=\"_ _7\"></span>s f<span class=\"_ _9\"></span>or </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3ef\">fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets: amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed cost; fair va<span class=\"_ _7\"></span>lue throu<span class=\"_ _7\"></span>gh other </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3f0\">com<span class=\"_ _7\"></span>prehe<span class=\"_ _7\"></span>nsive inc<span class=\"_ _7\"></span>ome (F<span class=\"_ _7\"></span>VOCI); and fair va<span class=\"_ _7\"></span>lue throug<span class=\"_ _7\"></span>h <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3f1\">profit or l<span class=\"_ _7\"></span>oss (F<span class=\"_ _7\"></span>VPL). On trans<span class=\"_ _7\"></span>ition to IFRS 9, the Group </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3f2\">ass<span class=\"_ _7\"></span>esse<span class=\"_ _7\"></span>d the bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s mode<span class=\"_ _7\"></span>ls and co<span class=\"_ _7\"></span>ntractua<span class=\"_ _7\"></span>l cash <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs3f3\">flows of its fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l instrum<span class=\"_ _7\"></span>ents.<span class=\"_ _304\"> </span></div>The below table<span class=\"_ _9\"></span> reconciles the carry<span class=\"_ _7\"></span>ing amoun<span class=\"_ _9\"></span>ts o<span class=\"_ _9\"></span>f financial instr<span class=\"_ _7\"></span>uments, f<span class=\"_ _7\"></span>rom their prev<span class=\"_ _7\"></span>ious m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>rement c<span class=\"_ _7\"></span>ategor<span class=\"_ _7\"></span>y in acco<span class=\"_ _7\"></span>rdanc<span class=\"_ _7\"></span>e with IAS 39, to the meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt categor<span class=\"_ _7\"></span>ies <span class=\"ls8 ws4\"> </span>upon tr<span class=\"_ _7\"></span>ansiti<span class=\"_ _7\"></span>on to IFRS 9 on 1 Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y 2022<span class=\"_ _9\"></span>, inclu<span class=\"_ _7\"></span>ding any <span class=\"ls8 ws4\"> </span>remeasurement impact<span class=\"_ _9\"></span>. Cer<span class=\"_ _7\"></span>tain balances previously disclosed<span class=\"_ _9\"></span> withi<span class=\"_ _7\"></span>n trade an<span class=\"_ _7\"></span>d other rece<span class=\"_ _7\"></span>ivabl<span class=\"_ _7\"></span>es/payable<span class=\"_ _7\"></span>s are in sc<span class=\"_ _7\"></span>ope of IFRS 1<span class=\"_ _a\"></span>7 as th<span class=\"_ _7\"></span>ey are attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble to insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ontracts; these bala<span class=\"_ _7\"></span>nce<span class=\"_ _7\"></span>s have been exclu<span class=\"_ _7\"></span>ded fro<span class=\"_ _7\"></span>m the tabl<span class=\"_ _7\"></span>e below as th<span class=\"_ _7\"></span>ey are not in sc<span class=\"_ _7\"></span>ope of IFRS 9.<span class=\"_ _304\"> </span>The classification o<span class=\"_ _9\"></span>f financial inst<span class=\"_ _9\"></span>ruments under IF<span class=\"_ _9\"></span>RS 9 has<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>had no im<span class=\"_ _7\"></span>pact on th<span class=\"_ _7\"></span>e carr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing valu<span class=\"_ _7\"></span>es prev<span class=\"_ _7\"></span>iousl<span class=\"_ _7\"></span>y meas<span class=\"_ _7\"></span>ured und<span class=\"_ _7\"></span>er IAS 39.<span class=\"_ _304\"> </span>The d<span class=\"_ _7\"></span>if<span class=\"_ _7\"></span>feren<span class=\"_ _7\"></span>ce in the c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng amou<span class=\"_ _7\"></span>nt for trade a<span class=\"_ _7\"></span>nd other rece<span class=\"_ _7\"></span>ivabl<span class=\"_ _7\"></span>es is du<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o the ECL i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment me<span class=\"_ _7\"></span>thodolo<span class=\"_ _7\"></span>gy introdu<span class=\"_ _7\"></span>ced by IFRS 9.<span class=\"_ _304\"> </span>Impairment allo<span class=\"_ _9\"></span>wances<span class=\"_ _304\"> </span>IFRS 9 introd<span class=\"_ _7\"></span>uces a<span class=\"_ _7\"></span>n ECL appro<span class=\"_ _7\"></span>ach for me<span class=\"_ _7\"></span>asur<span class=\"_ _7\"></span>ing <span class=\"ls8 ws4\"> </span>impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt allowan<span class=\"_ _7\"></span>ces. Th<span class=\"_ _7\"></span>e ECL method<span class=\"_ _7\"></span>olog<span class=\"_ _7\"></span>y is an <span class=\"ls8 ws4\"> </span>unbiased,<span class=\"_ _9\"></span> probability-<span class=\"_ _9\"></span>weight<span class=\"_ _9\"></span>ed estimat<span class=\"_ _9\"></span>ion that<span class=\"_ _9\"></span> incorporates<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>all avail<span class=\"_ _7\"></span>able i<span class=\"_ _7\"></span>nformatio<span class=\"_ _7\"></span>n relevant to the as<span class=\"_ _7\"></span>sess<span class=\"_ _7\"></span>ment of <span class=\"ls8 ws4\"> </span>cr<span class=\"_ _7\"></span>ed<span class=\"_ _7\"></span>i<span class=\"_ _7\"></span>t r<span class=\"_ _7\"></span>i<span class=\"_ _7\"></span>sk,<span class=\"_ _7\"></span> i<span class=\"_ _7\"></span>nc<span class=\"_ _7\"></span>lu<span class=\"_ _7\"></span>di<span class=\"_ _7\"></span>n<span class=\"_ _7\"></span>g info<span class=\"_ _7\"></span>rmation a<span class=\"_ _7\"></span>bout p<span class=\"_ _7\"></span>ast events, cur<span class=\"_ _7\"></span>rent conditions<span class=\"_ _9\"></span> and reasonable and<span class=\"_ _7\"></span> su<span class=\"_ _7\"></span>ppo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>ble <span class=\"_ _7\"></span>fore<span class=\"_ _7\"></span>ca<span class=\"_ _7\"></span>sts <span class=\"ls8 ws4\"> </span>of eco<span class=\"_ _7\"></span>nomic c<span class=\"_ _7\"></span>onditi<span class=\"_ _7\"></span>ons at the rep<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>ting date. The <span class=\"ls8 ws4\"> </span>for<span class=\"_ _7\"></span>ward-lo<span class=\"_ _7\"></span>okin<span class=\"_ _7\"></span>g aspe<span class=\"_ _7\"></span>ct of IFRS 9 requ<span class=\"_ _7\"></span>ires ju<span class=\"_ _7\"></span>dgem<span class=\"_ _7\"></span>ent <span class=\"ls8 ws4\"> </span>as to how chan<span class=\"_ _7\"></span>ges in e<span class=\"_ _7\"></span>cono<span class=\"_ _7\"></span>mic factor<span class=\"_ _7\"></span>s affe<span class=\"_ _7\"></span>ct ECLs.<span class=\"_ _304\"> </span>Clas<span class=\"_ _7\"></span>sific<span class=\"_ _7\"></span>ation and m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>remen<span class=\"_ _7\"></span>t of financi<span class=\"_ _7\"></span>al instr<span class=\"_ _7\"></span>ument<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> <table class=\"s w14a h9e\" id=\"_1e235303-4f13-4a2d-8147-631f1a6b888a\"><tr><td></td><td></td><td class=\"t m0 x35a h44 y1f43 ff5f fs28 fc2 sc0 lse4 ws15d\">31 Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er 20<span class=\"_ _7\"></span>21<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x35b h43 y1f43 ff64 fs28 fc2 sc0 lse4 ws15d\">1 Jan<span class=\"_ _7\"></span>uar<span class=\"_ _7\"></span>y 20<span class=\"_ _7\"></span>22<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x35c h44 y1f44 ff5f fs28 fc2 sc0 lse4 ws15d\">IAS 3<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x35d h43 y1f44 ff64 fs28 fc2 sc0 lse4 ws15d\">IFR<span class=\"_ _7\"></span>S 9<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x261 h44 y1f45 ff5f fs28 fc2 sc0 lsf3 ws13f\">Measurement<span class=\"_ _9\"></span> </td><td class=\"t m0 x35e h44 y1f45 ff5f fs28 fc2 sc0 lsed ws139\">Carrying amount </td><td class=\"t m0 x35f h43 y1f45 ff64 fs28 fc2 sc0 lsed ws17b\">Measurement </td><td class=\"t m0 x360 h43 y1f45 ff64 fs28 fc2 sc0 lsf0 ws13c\">Carr<span class=\"_ _7\"></span>ying amount<span class=\"_ _9\"></span> </td></tr><tr><td></td><td class=\"t m0 x361 h44 y1f46 ff5f fs28 fc2 sc0 ls10a ws15c\">category<span class=\"_ _304\"> </span></td><td class=\"t m0 x362 h44 y1f46 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x363 h43 y1f46 ff64 fs28 fc2 sc0 lsa1 wsba\">cate<span class=\"_ _7\"></span>gor<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y1f46 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb h25 y1f47 ff64 fs7 fc2 sc0 ls3c ws45\">Financial assets<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f48 w14b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Government gilt<span class=\"_ _9\"></span>s/bonds<span class=\"_ _304\"> </span></div></td><td class=\"c n x364 y1f48 w14c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL<span class=\"_ _304\"> </span></div></td><td class=\"c n x365 y1f48 w18 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">9<span class=\"_ _2c\"> </span>0<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x366 y1f48 w14d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL (<span class=\"_ _9\"></span>mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x367 y1f48 w14e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">9<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f49 w14f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Corporate<span class=\"_ _9\"></span> bonds<span class=\"_ _304\"> </span></div></td><td class=\"c n x368 y1f49 w150 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">FV<span class=\"_ _7\"></span>PL<span class=\"_ _304\"> </span></div></td><td class=\"c n x369 y1f49 w151 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb4 wsd1\">3<span class=\"_ _7\"></span>,60<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x36a y1f49 w14d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _9\"></span> (mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x30c y1f49 w152 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">3,60<span class=\"_ _7\"></span>0.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4a w153 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Asset back<span class=\"_ _9\"></span>ed securities<span class=\"_ _304\"> </span></div></td><td class=\"c n x36b y1f4a w154 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _8\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x36c y1f4a w155 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x36d y1f4a w156 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">FVPL (<span class=\"_ _9\"></span>mandatory)<span class=\"_ _304\"> </span></div></td><td class=\"c n x36e y1f4a w157 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">11<span class=\"_ _7\"></span>6<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4b w158 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Mor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>gage-back<span class=\"_ _9\"></span>ed securities<span class=\"_ _304\"> </span></div></td><td class=\"c n x36f y1f4b w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x370 y1f4b w14e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x371 y1f4b w156 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">FVPL (<span class=\"_ _9\"></span>mandatory)<span class=\"_ _304\"> </span></div></td><td class=\"c n x372 y1f4b w15a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4c w15b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Other fixed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x373 y1f4c w14c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL<span class=\"_ _304\"> </span></div></td><td class=\"c n x374 y1f4c w35 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">434.<span class=\"_ _9\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x375 y1f4c w156 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">FVPL (m<span class=\"_ _9\"></span>andatory)<span class=\"_ _304\"> </span></div></td><td class=\"c n x376 y1f4c w15c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4<span class=\"_ _7\"></span>34.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4d w15d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Hedge/<span class=\"_ _9\"></span>equity funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x377 y1f4d w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x378 y1f4d w15e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x379 y1f4d w15f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _9\"></span> (mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x37a y1f4d w160 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4e w161 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">Strateg<span class=\"_ _7\"></span>ic inves<span class=\"_ _7\"></span>tments<span class=\"_ _304\"> </span></div></td><td class=\"c n x37b y1f4e w14c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL<span class=\"_ _304\"> </span></div></td><td class=\"c n x37c y1f4e w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">44.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x37d y1f4e w14d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL (<span class=\"_ _9\"></span>mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x37e y1f4e wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">44.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4f w162 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">Insurance-linked funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x37f y1f4f w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x380 y1f4f w163 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">50.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x381 y1f4f w15f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL (<span class=\"_ _9\"></span>mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x382 y1f4f w164 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">5<span class=\"_ _7\"></span>0.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y1f50 ff5f fs7 fc2 sc0 ls3b ws44\">Deposits with<span class=\"_ _9\"></span> credit inst<span class=\"_ _9\"></span>itutions<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x383 he y1f50 ff5f fs7 fc2 sc0 ls3e ws47\">Loans<span class=\"_ _9\"></span> and receiv<span class=\"_ _9\"></span>ables<span class=\"_ _304\"> </span></td><td class=\"c n x384 y1f51 w13c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">10<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x385 y1f51 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x386 y1f51 w166 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y1f52 ff5f fs7 fc2 sc0 ls83 ws155\">(L<span class=\"_ _7\"></span>loyd\u2019<span class=\"_ _9\"></span>s de<span class=\"_ _7\"></span>po<span class=\"_ _7\"></span>sit<span class=\"_ _7\"></span>s)</td><td class=\"t m0 x387 he y1f52 ff5f fs7 fc2 sc0 ls73 ws48\"> (Amor<span class=\"_ _7\"></span>tised cost)<span class=\"_ _304\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f53 w167 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws10a\">Derivat<span class=\"_ _9\"></span>ives<span class=\"_ _304\"> </span></div></td><td class=\"c n x388 y1f53 w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x389 y1f53 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x38a y1f53 w14d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _9\"></span> (mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x38b y1f53 w7c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f54 w168 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>rad<span class=\"_ _7\"></span>e and other re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>vable<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x38c y1f54 w169 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3e ws47\">Loans<span class=\"_ _9\"></span> and receiv<span class=\"_ _9\"></span>ables<span class=\"_ _304\"> </span></div></td><td class=\"c n x38d y1f54 w16a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">68.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x38e y1f54 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">A<span class=\"_ _7\"></span>mortised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x38f y1f54 w16b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x390 he y1f55 ff5f fs7 fc2 sc0 ls73 ws48\">(Amor<span class=\"_ _7\"></span>tised cost)<span class=\"_ _304\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f56 w16c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Cash and<span class=\"_ _9\"></span> cash equivalen<span class=\"_ _9\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n x391 y1f56 w16d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x392 y1f56 w16e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x393 y1f56 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">A<span class=\"_ _7\"></span>mortised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x394 y1f56 w16f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f57 w170 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d wsf4\">T<span class=\"_ _a\"></span>otal<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x395 y1f57 w171 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _2c\"></span>4<span class=\"_ _7\"></span>1<span class=\"_ _8\"></span>0<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x396 y1f57 w172 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsab wsc8\">7,<span class=\"_ _8\"></span>4<span class=\"_ _c\"> </span>0<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y1f58 ff64 fs7 fc2 sc0 ls7c ws89\">Financial liabilities<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f59 w173 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Bor<span class=\"_ _7\"></span>rowings a<span class=\"_ _7\"></span>nd accr<span class=\"_ _7\"></span>ued intere<span class=\"_ _7\"></span>st<span class=\"_ _304\"> </span></div></td><td class=\"c n x397 y1f59 w174 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amortised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x384 y1f59 w175 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">7<span class=\"_ _20\"></span>4<span class=\"_ _7\"></span>6.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x398 y1f59 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x399 y1f59 w176 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">7<span class=\"_ _a\"></span>46.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed7 w167 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws10a\">Derivat<span class=\"_ _9\"></span>ives<span class=\"_ _304\"> </span></div></td><td class=\"c n x388 y1ed7 w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x39a y1ed7 w177 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x39b y1ed7 w178 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VP<span class=\"_ _9\"></span>L (mand<span class=\"_ _9\"></span>atory)<span class=\"_ _304\"> </span></div></td><td class=\"c n x39c y1ed7 w179 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w17a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>rad<span class=\"_ _7\"></span>e and other p<span class=\"_ _7\"></span>ayables<span class=\"_ _304\"> </span></div></td><td class=\"c n x39d y1ed8 w16d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x39e y1ed8 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x39f y1ed8 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x3a0 y1ed8 w17b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w170 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d wsf4\">T<span class=\"_ _a\"></span>otal<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x3a1 y1e80 w12e h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x3a2 y1e80 w17c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">7<span class=\"_ _7\"></span>6<span class=\"_ _c\"> </span>9<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr></table><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gs412\">2<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.3 Am<span class=\"_ _7\"></span>endme<span class=\"_ _7\"></span>nts to IAS 1 Present<span class=\"_ _7\"></span>ation of Fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gs413\">Stateme<span class=\"_ _7\"></span>nts and IFRS Pr<span class=\"_ _7\"></span>actice S<span class=\"_ _7\"></span>tatement 2, Maki<span class=\"_ _7\"></span>ng <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs414\">Mat<span class=\"_ _9\"></span>erialit<span class=\"_ _7\"></span>y Judgements<span class=\"_ _9\"></span> \u2014 Disclosure o<span class=\"_ _9\"></span>f Account<span class=\"_ _9\"></span>ing P<span class=\"_ _9\"></span>olicies<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs415\">The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s adopted the am<span class=\"_ _7\"></span>endm<span class=\"_ _7\"></span>ents to IAS 1 for the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs416\">first ti<span class=\"_ _7\"></span>me in the cu<span class=\"_ _7\"></span>rrent yea<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>. Th<span class=\"_ _7\"></span>e amen<span class=\"_ _7\"></span>dments c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>e the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs417\">requ<span class=\"_ _7\"></span>ireme<span class=\"_ _7\"></span>nts in IAS 1 with re<span class=\"_ _7\"></span>gard to discl<span class=\"_ _7\"></span>osure of acc<span class=\"_ _7\"></span>ounting </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs418\">poli<span class=\"_ _7\"></span>cies. T<span class=\"_ _7\"></span>he ame<span class=\"_ _7\"></span>ndme<span class=\"_ _7\"></span>nts repla<span class=\"_ _7\"></span>ce all in<span class=\"_ _7\"></span>stanc<span class=\"_ _7\"></span>es of the term </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs419\">\u2018<span class=\"_ _9\"></span>significant account<span class=\"_ _9\"></span>ing policies<span class=\"_ _9\"></span>\u2019 with \u2018<span class=\"_ _9\"></span>mat<span class=\"_ _9\"></span>erial accountin<span class=\"_ _9\"></span>g <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs41a\">poli<span class=\"_ _7\"></span>cy inform<span class=\"_ _7\"></span>ation<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>. Th<span class=\"_ _7\"></span>ese am<span class=\"_ _7\"></span>endm<span class=\"_ _7\"></span>ents had no i<span class=\"_ _7\"></span>mpact on <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs41b\">the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated financ<span class=\"_ _7\"></span>ial statem<span class=\"_ _7\"></span>ents of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gs41c\">2<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.4 Amen<span class=\"_ _7\"></span>dments to IAS 1<span class=\"_ _9\"></span>2 Income T<span class=\"_ _9\"></span>a<span class=\"_ _7\"></span>x<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs41d\">The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s adopted the am<span class=\"_ _7\"></span>endm<span class=\"_ _7\"></span>ents to IAS 1<span class=\"_ _a\"></span>2 pu<span class=\"_ _7\"></span>blishe<span class=\"_ _7\"></span>d </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs41e\">on 1<span class=\"_ _9\"></span>2 May 202<span class=\"_ _9\"></span>3 for the fir<span class=\"_ _7\"></span>st time in th<span class=\"_ _7\"></span>e curre<span class=\"_ _7\"></span>nt year<span class=\"_ _a\"></span>. T<span class=\"_ _7\"></span>he </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs41f\">amendments address account<span class=\"_ _9\"></span>ing for income taxes arising<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs420\">from ta<span class=\"_ _7\"></span>x l<span class=\"_ _7\"></span>aw enacted to impl<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt the Pilla<span class=\"_ _7\"></span>r T<span class=\"_ _a\"></span>wo mode<span class=\"_ _7\"></span>l rule<span class=\"_ _7\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs421\">published b<span class=\"_ _9\"></span>y the Organisat<span class=\"_ _9\"></span>ion for<span class=\"_ _9\"></span> Economic Co-operation<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs422\">and D<span class=\"_ _7\"></span>evelopm<span class=\"_ _7\"></span>ent (OECD) (\u2018P<span class=\"_ _9\"></span>ill<span class=\"_ _7\"></span>ar T<span class=\"_ _a\"></span>wo le<span class=\"_ _7\"></span>gislati<span class=\"_ _7\"></span>on<span class=\"_ _9\"></span>\u2019)<span class=\"_ _9\"></span>. V<span class=\"_ _9\"></span>ar<span class=\"_ _7\"></span>ious </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs423\">jur<span class=\"_ _7\"></span>isdicti<span class=\"_ _7\"></span>ons in wh<span class=\"_ _7\"></span>ich the His<span class=\"_ _7\"></span>cox Group op<span class=\"_ _7\"></span>erates have en<span class=\"_ _7\"></span>acted </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls6d ws47 gs424\">or substant<span class=\"_ _9\"></span>ively enact<span class=\"_ _9\"></span>ed Pillar T<span class=\"_ _20\"></span>wo legislation<span class=\"_ _9\"></span> before t<span class=\"_ _9\"></span>he balance </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs425\">she<span class=\"_ _7\"></span>et date, includi<span class=\"_ _7\"></span>ng dome<span class=\"_ _7\"></span>stic top-up ta<span class=\"_ _7\"></span>x a<span class=\"_ _7\"></span>nd multin<span class=\"_ _7\"></span>ational </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs426\">top-up ta<span class=\"_ _7\"></span>xes, ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive for acco<span class=\"_ _7\"></span>unting pe<span class=\"_ _7\"></span>riod<span class=\"_ _7\"></span>s star<span class=\"_ _7\"></span>ting o<span class=\"_ _7\"></span>n or </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs427\">af<span class=\"_ _7\"></span>ter 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er 2023<span class=\"_ _9\"></span>. T<span class=\"_ _7\"></span>he Group h<span class=\"_ _7\"></span>as app<span class=\"_ _7\"></span>lied the exce<span class=\"_ _7\"></span>ption </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs428\">und<span class=\"_ _7\"></span>er the IAS 1<span class=\"_ _9\"></span>2 amen<span class=\"_ _7\"></span>dment to rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ing and d<span class=\"_ _7\"></span>isclos<span class=\"_ _7\"></span>ing </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs429\">infor<span class=\"_ _7\"></span>mation ab<span class=\"_ _7\"></span>out defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x a<span class=\"_ _7\"></span>ssets and l<span class=\"_ _7\"></span>iabil<span class=\"_ _7\"></span>ities re<span class=\"_ _7\"></span>lated <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs42a\">to t<span class=\"_ _9\"></span>op-u<span class=\"_ _7\"></span>p incom<span class=\"_ _7\"></span>e ta<span class=\"_ _7\"></span>xes. See note 23 for detai<span class=\"_ _7\"></span>ls of potential </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs42b\">impac<span class=\"_ _7\"></span>t of these n<span class=\"_ _7\"></span>ew rule<span class=\"_ _7\"></span>s on futu<span class=\"_ _7\"></span>re accou<span class=\"_ _7\"></span>nting pe<span class=\"_ _7\"></span>riods.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs42c\">The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s not ear<span class=\"_ _7\"></span>ly adopted any othe<span class=\"_ _7\"></span>r stand<span class=\"_ _7\"></span>ard, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs42d\">interp<span class=\"_ _7\"></span>retation or a<span class=\"_ _7\"></span>mendm<span class=\"_ _7\"></span>ent that ha<span class=\"_ _7\"></span>s bee<span class=\"_ _7\"></span>n issu<span class=\"_ _7\"></span>ed but is n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs42e\">yet ef<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ve<span class=\"_ _9\"></span>. O<span class=\"_ _7\"></span>ther tha<span class=\"_ _7\"></span>n discus<span class=\"_ _7\"></span>sed as a<span class=\"_ _7\"></span>bove, new stand<span class=\"_ _7\"></span>ards, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs42f\">ame<span class=\"_ _7\"></span>ndme<span class=\"_ _7\"></span>nts t<span class=\"_ _9\"></span>o sta<span class=\"_ _7\"></span>ndard<span class=\"_ _7\"></span>s and inter<span class=\"_ _7\"></span>pretations, as a<span class=\"_ _7\"></span>dopted </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs430\">by the UK, that a<span class=\"_ _7\"></span>re ef<span class=\"_ _7\"></span>fective for a<span class=\"_ _7\"></span>nnua<span class=\"_ _7\"></span>l per<span class=\"_ _7\"></span>iods be<span class=\"_ _7\"></span>ginni<span class=\"_ _7\"></span>ng </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs431\">on 1 Jan<span class=\"_ _7\"></span>uar<span class=\"_ _7\"></span>y 2023 have bee<span class=\"_ _7\"></span>n appli<span class=\"_ _7\"></span>ed in pre<span class=\"_ _7\"></span>parin<span class=\"_ _7\"></span>g these </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs432\">cons<span class=\"_ _7\"></span>olidated fi<span class=\"_ _7\"></span>nanci<span class=\"_ _7\"></span>al stateme<span class=\"_ _7\"></span>nts and had n<span class=\"_ _7\"></span>o materia<span class=\"_ _7\"></span>l<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs433\">impact on<span class=\"_ _9\"></span> the Group<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs434\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs435\"> <span class=\"_ _e\"></span><span class=\"ff5f ls78 ws41\"> <span class=\"_ _24\"></span>Am<span class=\"_ _7\"></span>endme<span class=\"_ _7\"></span>nts to IAS 1<span class=\"_ _a\"></span>2 Inc<span class=\"_ _7\"></span>ome T<span class=\"_ _a\"></span>a<span class=\"_ _7\"></span>xes \u2013 D<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs436\">T<span class=\"_ _a\"></span>ax re<span class=\"_ _9\"></span>lat<span class=\"_ _9\"></span>ed <span class=\"_ _9\"></span>to Assets a<span class=\"_ _7\"></span>nd Lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es ar<span class=\"_ _7\"></span>ising f<span class=\"_ _7\"></span>rom a <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs437\">Single T<span class=\"_ _a\"></span>ransacti<span class=\"_ _9\"></span>on.<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs438\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs439\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span> <span class=\"_ _24\"></span> <span class=\"_ _24\"></span>Am<span class=\"_ _7\"></span>endm<span class=\"_ _7\"></span>ents to IAS 8 Accou<span class=\"_ _7\"></span>nting Polici<span class=\"_ _7\"></span>es, Cha<span class=\"_ _7\"></span>nges </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs43a\">in Acc<span class=\"_ _7\"></span>ounting Esti<span class=\"_ _7\"></span>mates and Er<span class=\"_ _7\"></span>rors \u2013 Defi<span class=\"_ _7\"></span>nition of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs43b\">Acco<span class=\"_ _7\"></span>unting Estim<span class=\"_ _7\"></span>ates.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls39 ws43 gs43c\">(b<span class=\"_ _9\"></span>) Futur<span class=\"_ _9\"></span>e accounting de<span class=\"_ _9\"></span>velopments<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs43d\">The fo<span class=\"_ _7\"></span>llowing n<span class=\"_ _7\"></span>ew stand<span class=\"_ _7\"></span>ards, and a<span class=\"_ _7\"></span>mend<span class=\"_ _7\"></span>ments to <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs43e\">stan<span class=\"_ _7\"></span>dards, are ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ctive for an<span class=\"_ _7\"></span>nual p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>ds beg<span class=\"_ _7\"></span>inning af<span class=\"_ _7\"></span>ter <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs43f\">1 Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y 2023 and have not bee<span class=\"_ _7\"></span>n app<span class=\"_ _7\"></span>lied in p<span class=\"_ _7\"></span>repar<span class=\"_ _7\"></span>ing thes<span class=\"_ _7\"></span>e </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs440\">fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs441\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs442\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Ame<span class=\"_ _7\"></span>ndments to IAS 1 Cl<span class=\"_ _7\"></span>assi<span class=\"_ _7\"></span>fication of L<span class=\"_ _7\"></span>iabil<span class=\"_ _7\"></span>ities <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs443\">as Current<span class=\"_ _9\"></span> or Non-Current and Non<span class=\"_ _9\"></span>-current Liabilities<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws84 gs444\">wi<span class=\"_ _7\"></span>th Cove<span class=\"_ _7\"></span>nant<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs445\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs446\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\">Amend<span class=\"_ _7\"></span>ments to IFRS 1<span class=\"_ _9\"></span>6 \u2013 <span class=\"ff68\">Lease Lia<span class=\"_ _7\"></span>bili<span class=\"_ _7\"></span>ty in a S<span class=\"_ _7\"></span>ale <span class=\"ls8 ws4\"> </span></span></span></div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls38 ws41 gs447\"> <span class=\"_ _c0\"> </span>and Le<span class=\"_ _7\"></span>asebac<span class=\"_ _7\"></span><span class=\"ff5f ws117\">k.<span class=\"_ _304\"> </span></span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs448\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs449\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\">Amend<span class=\"_ _7\"></span>ments to IAS 7 and I<span class=\"_ _7\"></span>FRS 7 \u2013 <span class=\"ff68 ls3c wsbb\">Supplier <span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></span></span></div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls38 ws41 gs44a\"> <span class=\"_ _c0\"> </span>Fi<span class=\"_ _7\"></span>nance A<span class=\"_ _7\"></span>rrang<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nts<span class=\"_ _9\"></span><span class=\"ff5f ls8 ws4\">.<span class=\"_ _304\"> </span></span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs44b\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs44c\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\">Amend<span class=\"_ _7\"></span>ments to IFRS 1<span class=\"_ _9\"></span>0 and IAS 28 \u2013 Sal<span class=\"_ _7\"></span>e or <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs44d\"> <span class=\"_ _c0\"> </span>Co<span class=\"_ _7\"></span>ntributi<span class=\"_ _7\"></span>on of Assets b<span class=\"_ _7\"></span>etwe<span class=\"_ _7\"></span>en an Inves<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>or a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs44e\"> <span class=\"_ _c0\"> </span>its Associat<span class=\"_ _9\"></span>e or Join<span class=\"_ _9\"></span>t V<span class=\"_ _9\"></span>enture<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls3b ws44 gs44f\">2.<span class=\"_ _7\"></span>2 Basis of<span class=\"_ _9\"></span> consolidation<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs450\">(<span class=\"_ _9\"></span>a) Subsidiaries<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs451\">Subsidiaries are t<span class=\"_ _9\"></span>hose entit<span class=\"_ _9\"></span>ies controlled<span class=\"_ _9\"></span> by the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>. <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs452\">Control ex<span class=\"_ _7\"></span>ists whe<span class=\"_ _7\"></span>n the Grou<span class=\"_ _7\"></span>p has power over a<span class=\"_ _7\"></span>n entit<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs453\">exposure<span class=\"_ _9\"></span> or rights<span class=\"_ _9\"></span> to v<span class=\"_ _9\"></span>ariable returns<span class=\"_ _9\"></span> from its i<span class=\"_ _9\"></span>nvolv<span class=\"_ _9\"></span>ement with<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs454\">the investee a<span class=\"_ _7\"></span>nd abi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o use i<span class=\"_ _7\"></span>ts power to affe<span class=\"_ _7\"></span>ct those re<span class=\"_ _7\"></span>turns. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs455\">The c<span class=\"_ _7\"></span>onsol<span class=\"_ _7\"></span>idated fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l statements in<span class=\"_ _7\"></span>clude th<span class=\"_ _7\"></span>e assets, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs456\">lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s and re<span class=\"_ _7\"></span>sults of the Gro<span class=\"_ _7\"></span>up up to 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r eac<span class=\"_ _7\"></span>h<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs457\">year<span class=\"_ _9\"></span>. The fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l stateme<span class=\"_ _7\"></span>nts of subsidi<span class=\"_ _7\"></span>ari<span class=\"_ _7\"></span>es are inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs458\">the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated financ<span class=\"_ _7\"></span>ial statem<span class=\"_ _7\"></span>ents onl<span class=\"_ _7\"></span>y from the date that </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs459\">control c<span class=\"_ _7\"></span>omme<span class=\"_ _7\"></span>nce<span class=\"_ _7\"></span>s until the date that co<span class=\"_ _7\"></span>ntrol cea<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs45a\">The Group applies t<span class=\"_ _9\"></span>he acquisition<span class=\"_ _9\"></span> method t<span class=\"_ _9\"></span>o accoun<span class=\"_ _9\"></span>t for<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs45b\">business combination<span class=\"_ _9\"></span>s. The considerat<span class=\"_ _9\"></span>ion transf<span class=\"_ _9\"></span>erred for<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs45c\">the acq<span class=\"_ _7\"></span>uisitio<span class=\"_ _7\"></span>n of a subsi<span class=\"_ _7\"></span>diar<span class=\"_ _7\"></span>y is th<span class=\"_ _7\"></span>e fair valu<span class=\"_ _7\"></span>e of the assets </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs45d\">transf<span class=\"_ _9\"></span>erred, the<span class=\"_ _9\"></span> liabilities incurred<span class=\"_ _9\"></span> to t<span class=\"_ _9\"></span>he former o<span class=\"_ _9\"></span>wners of the<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs45e\">acqu<span class=\"_ _7\"></span>iree an<span class=\"_ _7\"></span>d the equi<span class=\"_ _7\"></span>ty intere<span class=\"_ _7\"></span>sts iss<span class=\"_ _7\"></span>ued by the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>. T<span class=\"_ _7\"></span>he </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs45f\">cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>ation trans<span class=\"_ _7\"></span>ferred a<span class=\"_ _7\"></span>lso inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>s the fair val<span class=\"_ _7\"></span>ue of any </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs460\">asset or liabil<span class=\"_ _9\"></span>it<span class=\"_ _7\"></span>y r<span class=\"_ _9\"></span>esulting from<span class=\"_ _9\"></span> a contingent<span class=\"_ _9\"></span> consideration<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs461\">arrangement. I<span class=\"_ _9\"></span>dentifiable assets<span class=\"_ _9\"></span> acquired<span class=\"_ _9\"></span>, liabilities and<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs462\">contingent<span class=\"_ _9\"></span> liabilities assumed in a<span class=\"_ _9\"></span> business combination<span class=\"_ _9\"></span> are </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs463\">mea<span class=\"_ _7\"></span>sured i<span class=\"_ _7\"></span>nitiall<span class=\"_ _7\"></span>y at their f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>es at the acq<span class=\"_ _7\"></span>uisitio<span class=\"_ _7\"></span>n date. The </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs464\">Grou<span class=\"_ _7\"></span>p recog<span class=\"_ _7\"></span>nises a<span class=\"_ _7\"></span>ny non-c<span class=\"_ _7\"></span>ontrollin<span class=\"_ _7\"></span>g interest in th<span class=\"_ _7\"></span>e acquire<span class=\"_ _7\"></span>e </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs465\">on an acquisit<span class=\"_ _9\"></span>ion-by<span class=\"_ _9\"></span>-acqui<span class=\"_ _9\"></span>sition basis<span class=\"_ _9\"></span>, either at f<span class=\"_ _9\"></span>air value or<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs466\">at the non<span class=\"_ _7\"></span>-control<span class=\"_ _7\"></span>ling intere<span class=\"_ _7\"></span>st\u2019<span class=\"_ _9\"></span>s propor<span class=\"_ _7\"></span>tio<span class=\"_ _7\"></span>nate share of the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs467\">recognised amounts o<span class=\"_ _9\"></span>f the acquir<span class=\"_ _9\"></span>ee\u2019<span class=\"_ _a\"></span>s identifiable net asset<span class=\"_ _9\"></span>s.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs468\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>ons with no<span class=\"_ _7\"></span>n-co<span class=\"_ _7\"></span>ntrolling intere<span class=\"_ _7\"></span>sts that do not re<span class=\"_ _7\"></span>sult in </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs469\">los<span class=\"_ _7\"></span>s of control are ac<span class=\"_ _7\"></span>counted for a<span class=\"_ _7\"></span>s equit<span class=\"_ _7\"></span>y tran<span class=\"_ _7\"></span>sactio<span class=\"_ _7\"></span>ns \u2013 that is, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws41 gs46a\">as tran<span class=\"_ _7\"></span>sactio<span class=\"_ _7\"></span>ns with the ow<span class=\"_ _7\"></span>ners i<span class=\"_ _7\"></span>n their ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y as own<span class=\"_ _7\"></span>ers. T<span class=\"_ _7\"></span>he </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs46b\">dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rence b<span class=\"_ _7\"></span>etwee<span class=\"_ _7\"></span>n fair val<span class=\"_ _7\"></span>ue of any cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>ation paid a<span class=\"_ _7\"></span>nd the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs46c\">releva<span class=\"_ _7\"></span>nt share ac<span class=\"_ _7\"></span>quired of th<span class=\"_ _7\"></span>e carr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing valu<span class=\"_ _7\"></span>e of net ass<span class=\"_ _7\"></span>ets of the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs46d\">subs<span class=\"_ _7\"></span>idiar<span class=\"_ _7\"></span>y i<span class=\"_ _7\"></span>s record<span class=\"_ _7\"></span>ed in eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. G<span class=\"_ _7\"></span>ains or l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s on disp<span class=\"_ _7\"></span>osals to </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs46e\">non-<span class=\"_ _7\"></span>controll<span class=\"_ _7\"></span>ing interests a<span class=\"_ _7\"></span>re also re<span class=\"_ _7\"></span>corde<span class=\"_ _7\"></span>d in equi<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs46f\">(b<span class=\"_ _9\"></span>) Associat<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs470\">Ass<span class=\"_ _7\"></span>ociates a<span class=\"_ _7\"></span>re those enti<span class=\"_ _7\"></span>ties in w<span class=\"_ _7\"></span>hich the G<span class=\"_ _7\"></span>roup has s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs471\">influe<span class=\"_ _7\"></span>nce, but n<span class=\"_ _7\"></span>ot control, over the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>nd ope<span class=\"_ _7\"></span>rating </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs472\">policies. Significan<span class=\"_ _9\"></span>t influence is generally ident<span class=\"_ _9\"></span>ified with a<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs473\">sha<span class=\"_ _7\"></span>rehol<span class=\"_ _7\"></span>ding of bet<span class=\"_ _7\"></span>ween 20% and 50% of an e<span class=\"_ _7\"></span>ntity\u2019<span class=\"_ _9\"></span>s voting </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs474\">rights<span class=\"_ _9\"></span>. The consolidat<span class=\"_ _9\"></span>ed financial sta<span class=\"_ _9\"></span>tements<span class=\"_ _9\"></span> include the<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs475\">Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s share of the total rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed gai<span class=\"_ _7\"></span>ns and lo<span class=\"_ _7\"></span>sses of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs476\">ass<span class=\"_ _7\"></span>ociates on a<span class=\"_ _7\"></span>n equi<span class=\"_ _7\"></span>ty-acc<span class=\"_ _7\"></span>ounted bas<span class=\"_ _7\"></span>is from the d<span class=\"_ _7\"></span>ate t<span class=\"_ _9\"></span>hat </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs477\">significant infl<span class=\"_ _9\"></span>uence commences until the<span class=\"_ _9\"></span> date<span class=\"_ _9\"></span> that signifi<span class=\"_ _9\"></span>cant </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls84 ws96 gs478\">influence<span class=\"_ _9\"></span> ceases.<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs479\">The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s share of<span class=\"_ _9\"></span> its associat<span class=\"_ _9\"></span>e<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s post<span class=\"_ _a\"></span>-acquisition pr<span class=\"_ _9\"></span>ofits<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs47a\">or los<span class=\"_ _7\"></span>ses af<span class=\"_ _7\"></span>ter ta<span class=\"_ _7\"></span>x is re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in th<span class=\"_ _7\"></span>e incom<span class=\"_ _7\"></span>e statemen<span class=\"_ _7\"></span>t for </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs47b\">eac<span class=\"_ _7\"></span>h peri<span class=\"_ _7\"></span>od, and its sh<span class=\"_ _7\"></span>are of the moveme<span class=\"_ _7\"></span>nt in the as<span class=\"_ _7\"></span>soci<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs47c\">net as<span class=\"_ _7\"></span>sets is refle<span class=\"_ _7\"></span>cted in the inves<span class=\"_ _7\"></span>tments\u2019 carr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing valu<span class=\"_ _7\"></span>es on </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs47d\">the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet. Whe<span class=\"_ _7\"></span>n the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s share of los<span class=\"_ _7\"></span>ses e<span class=\"_ _7\"></span>qual<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs47e\">or excee<span class=\"_ _7\"></span>ds the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g amount of the a<span class=\"_ _7\"></span>ssoc<span class=\"_ _7\"></span>iate<span class=\"_ _9\"></span>, the c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs47f\">amo<span class=\"_ _7\"></span>unt is redu<span class=\"_ _7\"></span>ced to nil an<span class=\"_ _7\"></span>d recog<span class=\"_ _7\"></span>nition of f<span class=\"_ _7\"></span>ur<span class=\"_ _7\"></span>ther lo<span class=\"_ _7\"></span>sses i<span class=\"_ _7\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs480\">disc<span class=\"_ _7\"></span>ontinue<span class=\"_ _7\"></span>d except to the extent that the G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s incur<span class=\"_ _7\"></span>red </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs481\">obli<span class=\"_ _7\"></span>gations in re<span class=\"_ _7\"></span>spe<span class=\"_ _7\"></span>ct of the ass<span class=\"_ _7\"></span>ociate.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gs482\">(c<span class=\"_ _9\"></span>) T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>ons eli<span class=\"_ _7\"></span>minated on c<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dation<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls73 ws48 gs483\">Intragroup balances, transactions and any unreal<span class=\"_ _7\"></span>ised <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs484\">gai<span class=\"_ _7\"></span>ns aris<span class=\"_ _7\"></span>ing from i<span class=\"_ _7\"></span>ntragroup tra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>ons are e<span class=\"_ _7\"></span>liminated i<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs485\">prep<span class=\"_ _7\"></span>aring th<span class=\"_ _7\"></span>e conso<span class=\"_ _7\"></span>lidated fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l statemen<span class=\"_ _7\"></span>ts. Unreal<span class=\"_ _7\"></span>ised </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs486\">los<span class=\"_ _7\"></span>ses are a<span class=\"_ _7\"></span>lso eli<span class=\"_ _7\"></span>minated unl<span class=\"_ _7\"></span>ess th<span class=\"_ _7\"></span>e transac<span class=\"_ _7\"></span>tion provid<span class=\"_ _7\"></span>es </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs487\">evid<span class=\"_ _7\"></span>ence of a<span class=\"_ _7\"></span>n impair<span class=\"_ _7\"></span>ment of the a<span class=\"_ _7\"></span>sset tra<span class=\"_ _7\"></span>nsferre<span class=\"_ _7\"></span>d. Foreign </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs488\">cur<span class=\"_ _7\"></span>rency ga<span class=\"_ _7\"></span>ins and l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s on intragro<span class=\"_ _7\"></span>up monet<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y ass<span class=\"_ _7\"></span>ets and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs489\">liabilities ma<span class=\"_ _9\"></span>y not<span class=\"_ _9\"></span> fully eliminat<span class=\"_ _9\"></span>e on consolida<span class=\"_ _9\"></span>tion when the<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs48a\">intra<span class=\"_ _9\"></span>group monetary item concerned is<span class=\"_ _9\"></span> transact<span class=\"_ _9\"></span>ed between </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs48b\">two Group en<span class=\"_ _9\"></span>tities tha<span class=\"_ _9\"></span>t hav<span class=\"_ _9\"></span>e dif<span class=\"_ _7\"></span>fer<span class=\"_ _9\"></span>ent functional currencies<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs48c\">Unrealised gains<span class=\"_ _9\"></span> arising from tr<span class=\"_ _9\"></span>ansactions with<span class=\"_ _9\"></span> associates<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs48d\">are el<span class=\"_ _7\"></span>iminated to the ex<span class=\"_ _7\"></span>tent of the Group\u2019<span class=\"_ _a\"></span>s i<span class=\"_ _7\"></span>nterest in the <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs48e\">entit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>. Unrea<span class=\"_ _7\"></span>lised l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s are elim<span class=\"_ _7\"></span>inated in the s<span class=\"_ _7\"></span>ame way<span class=\"_ _304\"> </span><span class=\"ls8 ws4\"> </span></div>as un<span class=\"_ _7\"></span>realis<span class=\"_ _7\"></span>ed gai<span class=\"_ _7\"></span>ns, but onl<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o the ex<span class=\"_ _7\"></span>tent that the<span class=\"_ _7\"></span>re is no<span class=\"_ _304\"> </span>evid<span class=\"_ _9\"></span>ence o<span class=\"_ _9\"></span>f impa<span class=\"_ _9\"></span>irment<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>2.3 Foreign curr<span class=\"_ _7\"></span>ency translation<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Funct<span class=\"_ _9\"></span>ional currency<span class=\"_ _304\"> </span>Items inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in the fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements of ea<span class=\"_ _7\"></span>ch of the<span class=\"_ _304\"> </span>Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s entities are<span class=\"_ _9\"></span> measured using t<span class=\"_ _9\"></span>he currency o<span class=\"_ _9\"></span>f the<span class=\"_ _9\"></span> pri<span class=\"_ _7\"></span>mar<span class=\"_ _7\"></span>y ec<span class=\"_ _7\"></span>onomi<span class=\"_ _7\"></span>c environ<span class=\"_ _7\"></span>ment in w<span class=\"_ _7\"></span>hich th<span class=\"_ _7\"></span>e entit<span class=\"_ _7\"></span>y oper<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> (the<span class=\"_ _9\"></span> \u2018functional currency<span class=\"_ _9\"></span>\u2019)<span class=\"_ _9\"></span>. En<span class=\"_ _9\"></span>tities operat<span class=\"_ _9\"></span>ing in F<span class=\"_ _9\"></span>rance,<span class=\"_ _304\"> </span>Germany<span class=\"_ _a\"></span>, The Netherlands, Sp<span class=\"_ _9\"></span>ain, P<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>tugal<span class=\"_ _9\"></span>, Ireland and<span class=\"_ _304\"> </span>Belgium hav<span class=\"_ _9\"></span>e functional currency o<span class=\"_ _9\"></span>f Euros<span class=\"_ _9\"></span>; tho<span class=\"_ _9\"></span>se subsidiar<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span>entiti<span class=\"_ _7\"></span>es ope<span class=\"_ _7\"></span>rating fro<span class=\"_ _7\"></span>m the USA, B<span class=\"_ _7\"></span>ermu<span class=\"_ _7\"></span>da, Gue<span class=\"_ _7\"></span>rnsey a<span class=\"_ _7\"></span>nd<span class=\"_ _304\"> </span>Syn<span class=\"_ _7\"></span>dicates h<span class=\"_ _7\"></span>ave functio<span class=\"_ _7\"></span>nal cur<span class=\"_ _7\"></span>rency of US D<span class=\"_ _7\"></span>ollar<span class=\"_ _7\"></span>s with the<span class=\"_ _304\"> </span>exception of His<span class=\"_ _7\"></span>cox Lt<span class=\"_ _9\"></span>d, a publi<span class=\"_ _7\"></span>c compa<span class=\"_ _7\"></span>ny incor<span class=\"_ _7\"></span>porated a<span class=\"_ _7\"></span>nd<span class=\"_ _304\"> </span>domiciled in Bermuda wit<span class=\"_ _9\"></span>h functional currency<span class=\"_ _9\"></span> of St<span class=\"_ _9\"></span>erling.<span class=\"_ _304\"> </span>Funct<span class=\"_ _9\"></span>ional currencies of<span class=\"_ _9\"></span> entities opera<span class=\"_ _9\"></span>ting in Asia<span class=\"_ _9\"></span> include US Dol<span class=\"_ _9\"></span>lars, Si<span class=\"_ _9\"></span>ngapore<span class=\"_ _9\"></span> Dollars and<span class=\"_ _9\"></span> Thai Baht<span class=\"_ _9\"></span>. All<span class=\"_ _9\"></span> other<span class=\"_ _9\"></span> entiti<span class=\"_ _7\"></span>es have a fun<span class=\"_ _7\"></span>ctiona<span class=\"_ _7\"></span>l curre<span class=\"_ _7\"></span>ncy of Sterli<span class=\"_ _7\"></span>ng.<span class=\"_ _304\"> </span>(b<span class=\"_ _9\"></span>) T<span class=\"_ _a\"></span>ransactions and<span class=\"_ _9\"></span> balances<span class=\"_ _304\"> </span>Foreign<span class=\"_ _9\"></span> currency transact<span class=\"_ _9\"></span>ions are t<span class=\"_ _9\"></span>ranslat<span class=\"_ _9\"></span>ed int<span class=\"_ _9\"></span>o the funct<span class=\"_ _9\"></span>ional<span class=\"_ _304\"> </span>cur<span class=\"_ _7\"></span>rency us<span class=\"_ _7\"></span>ing the exchan<span class=\"_ _7\"></span>ge rates prevail<span class=\"_ _7\"></span>ing at the dates of the trans<span class=\"_ _7\"></span>action<span class=\"_ _7\"></span>s. Foreign excha<span class=\"_ _7\"></span>nge gai<span class=\"_ _7\"></span>ns and lo<span class=\"_ _7\"></span>sses<span class=\"_ _304\"> </span>resu<span class=\"_ _7\"></span>lting fro<span class=\"_ _7\"></span>m the set<span class=\"_ _7\"></span>tleme<span class=\"_ _7\"></span>nt of such tra<span class=\"_ _7\"></span>nsactio<span class=\"_ _7\"></span>ns and f<span class=\"_ _7\"></span>rom the retran<span class=\"_ _7\"></span>slation at ye<span class=\"_ _7\"></span>ar<span class=\"_ _9\"></span>-end excha<span class=\"_ _7\"></span>nge rates of mon<span class=\"_ _7\"></span>etar<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span>assets and<span class=\"_ _9\"></span> liabilities denominat<span class=\"_ _9\"></span>ed in f<span class=\"_ _9\"></span>oreign currencies are<span class=\"_ _304\"> </span>reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in the inc<span class=\"_ _7\"></span>ome statem<span class=\"_ _7\"></span>ent, ex<span class=\"_ _9\"></span>ce<span class=\"_ _7\"></span>pt when d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> in eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y as IFRS 9 ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive net investme<span class=\"_ _7\"></span>nt hed<span class=\"_ _7\"></span>ges or w<span class=\"_ _7\"></span>hen the und<span class=\"_ _7\"></span>erl<span class=\"_ _7\"></span>ying ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e is dee<span class=\"_ _7\"></span>med to form pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t of the Group\u2019<span class=\"_ _a\"></span>s<span class=\"_ _304\"> </span>net inves<span class=\"_ _7\"></span>tment in a su<span class=\"_ _7\"></span>bsidi<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y ope<span class=\"_ _7\"></span>ration an<span class=\"_ _7\"></span>d is unlikel<span class=\"_ _7\"></span>y to be<span class=\"_ _304\"> </span>settled in t<span class=\"_ _9\"></span>he foreseeable future<span class=\"_ _9\"></span>. Non-<span class=\"_ _9\"></span>monetar<span class=\"_ _7\"></span>y it<span class=\"_ _9\"></span>ems carried<span class=\"_ _304\"> </span>at histori<span class=\"_ _7\"></span>cal co<span class=\"_ _7\"></span>st are tran<span class=\"_ _7\"></span>slated on the ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e shee<span class=\"_ _7\"></span>t at the<span class=\"_ _304\"> </span>exchang<span class=\"_ _7\"></span>e rate prevailing o<span class=\"_ _7\"></span>n the orig<span class=\"_ _7\"></span>inal tra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>on date.<span class=\"_ _9\"></span> Non-m<span class=\"_ _7\"></span>oneta<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y items mea<span class=\"_ _7\"></span>sured at fa<span class=\"_ _7\"></span>ir value a<span class=\"_ _7\"></span>re transl<span class=\"_ _7\"></span>ated using<span class=\"_ _304\"> </span>the exchan<span class=\"_ _7\"></span>ge rate rulin<span class=\"_ _7\"></span>g when th<span class=\"_ _7\"></span>e fair valu<span class=\"_ _7\"></span>e was determ<span class=\"_ _7\"></span>ined.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>c) Gr<span class=\"_ _9\"></span>oup companies<span class=\"_ _304\"> </span>The re<span class=\"_ _7\"></span>sults a<span class=\"_ _7\"></span>nd fina<span class=\"_ _7\"></span>ncial p<span class=\"_ _7\"></span>ositio<span class=\"_ _7\"></span>n of all the Grou<span class=\"_ _7\"></span>p entitie<span class=\"_ _7\"></span>s that<span class=\"_ _304\"> </span>hav<span class=\"_ _9\"></span>e a functional currency different from t<span class=\"_ _9\"></span>he presentation<span class=\"_ _304\"> </span>cur<span class=\"_ _7\"></span>rency are tr<span class=\"_ _7\"></span>anslated in<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>o the pre<span class=\"_ _7\"></span>sentati<span class=\"_ _7\"></span>on cur<span class=\"_ _7\"></span>rency as fo<span class=\"_ _7\"></span>llows:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>assets a<span class=\"_ _7\"></span>nd liab<span class=\"_ _7\"></span>ilitie<span class=\"_ _7\"></span>s for each b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et prese<span class=\"_ _7\"></span>nted </span>are tra<span class=\"_ _7\"></span>nslated at the cl<span class=\"_ _7\"></span>osing rate at the d<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e of that<span class=\"_ _304\"> </span>balance shee<span class=\"_ _9\"></span>t;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>incom<span class=\"_ _7\"></span>e and expe<span class=\"_ _7\"></span>nses fo<span class=\"_ _7\"></span>r each in<span class=\"_ _7\"></span>come s<span class=\"_ _7\"></span>tatement are<span class=\"_ _304\"> </span></span>trans<span class=\"_ _7\"></span>lated at average excha<span class=\"_ _7\"></span>nge rates (unle<span class=\"_ _7\"></span>ss this avera<span class=\"_ _7\"></span>ge is not a rea<span class=\"_ _7\"></span>sonab<span class=\"_ _7\"></span>le app<span class=\"_ _7\"></span>roximation of the cu<span class=\"_ _7\"></span>mulati<span class=\"_ _7\"></span>ve effe<span class=\"_ _7\"></span>ct<span class=\"_ _304\"> </span>of the rates prevai<span class=\"_ _7\"></span>ling on the tra<span class=\"_ _7\"></span>nsac<span class=\"_ _7\"></span>tion dates, in wh<span class=\"_ _7\"></span>ich<span class=\"_ _304\"> </span>cas<span class=\"_ _7\"></span>e incom<span class=\"_ _7\"></span>e and exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s are trans<span class=\"_ _7\"></span>lated at the date of the t<span class=\"_ _9\"></span>ransactions<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>; and<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>all r<span class=\"_ _9\"></span>esulting ex<span class=\"_ _9\"></span>change dif<span class=\"_ _7\"></span>ferences are r<span class=\"_ _9\"></span>ecognised as a<span class=\"_ _304\"> </span></span>separat<span class=\"_ _9\"></span>e component o<span class=\"_ _9\"></span>f equity<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>n a foreig<span class=\"_ _7\"></span>n operati<span class=\"_ _7\"></span>on is sol<span class=\"_ _7\"></span>d, such exchang<span class=\"_ _7\"></span>e dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nces are rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed in the i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement as p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>t of the gai<span class=\"_ _7\"></span>n,<span class=\"_ _9\"></span> or los<span class=\"_ _7\"></span>s, on sal<span class=\"_ _7\"></span>e.<span class=\"_ _304\"> </span>2.<span class=\"_ _7\"></span>4 Prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty, plant a<span class=\"_ _7\"></span>nd eq<span class=\"_ _7\"></span>uipme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span>Prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>, plant a<span class=\"_ _7\"></span>nd equi<span class=\"_ _7\"></span>pment a<span class=\"_ _7\"></span>re stated at histori<span class=\"_ _7\"></span>cal co<span class=\"_ _7\"></span>st, less<span class=\"_ _304\"> </span>dep<span class=\"_ _7\"></span>reciati<span class=\"_ _7\"></span>on and a<span class=\"_ _7\"></span>ny impair<span class=\"_ _7\"></span>ment lo<span class=\"_ _7\"></span>ss. Histori<span class=\"_ _7\"></span>cal co<span class=\"_ _7\"></span>st inclu<span class=\"_ _7\"></span>des<span class=\"_ _304\"> </span>expe<span class=\"_ _7\"></span>nditure th<span class=\"_ _7\"></span>at is direc<span class=\"_ _7\"></span>tly attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble to the acqu<span class=\"_ _7\"></span>isition of th<span class=\"_ _7\"></span>e<span class=\"_ _304\"> </span>items. Su<span class=\"_ _7\"></span>bsequ<span class=\"_ _7\"></span>ent cos<span class=\"_ _7\"></span>ts are inclu<span class=\"_ _7\"></span>ded in th<span class=\"_ _7\"></span>e asset\u2019<span class=\"_ _9\"></span>s ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng<span class=\"_ _304\"> </span>amo<span class=\"_ _7\"></span>unt or rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed as a se<span class=\"_ _7\"></span>parate ass<span class=\"_ _7\"></span>et<span class=\"_ _9\"></span>, as a<span class=\"_ _7\"></span>ppropr<span class=\"_ _7\"></span>iate<span class=\"_ _9\"></span>, on<span class=\"_ _7\"></span>ly<span class=\"_ _304\"> </span>when it is pr<span class=\"_ _9\"></span>obable that<span class=\"_ _9\"></span> future economic benefit<span class=\"_ _9\"></span>s associated<span class=\"_ _304\"> </span>with the i<span class=\"_ _7\"></span>tem will flow to the Grou<span class=\"_ _7\"></span>p and the c<span class=\"_ _7\"></span>ost of the item ca<span class=\"_ _7\"></span>n<span class=\"_ _304\"> </span>be me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d relia<span class=\"_ _7\"></span>bly<span class=\"_ _9\"></span>. All other re<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>s and ma<span class=\"_ _7\"></span>intenanc<span class=\"_ _7\"></span>e items<span class=\"_ _304\"> </span>are ch<span class=\"_ _7\"></span>arged to the in<span class=\"_ _7\"></span>come statem<span class=\"_ _7\"></span>ent dur<span class=\"_ _7\"></span>ing the fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al per<span class=\"_ _7\"></span>iod<span class=\"_ _304\"> </span>in wh<span class=\"_ _7\"></span>ich they a<span class=\"_ _7\"></span>re incu<span class=\"_ _7\"></span>rred.<span class=\"_ _304\"> </span>La<span class=\"_ _7\"></span>nd is not de<span class=\"_ _7\"></span>preci<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>d as it is de<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o have an in<span class=\"_ _7\"></span>defini<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _304\"> </span>useful economic life<span class=\"_ _9\"></span>. The cost of<span class=\"_ _9\"></span> leaseho<span class=\"_ _7\"></span>ld impr<span class=\"_ _9\"></span>ovements<span class=\"_ _9\"></span> is amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tised over the u<span class=\"_ _7\"></span>nexpire<span class=\"_ _7\"></span>d term of the und<span class=\"_ _7\"></span>erl<span class=\"_ _7\"></span>ying lea<span class=\"_ _7\"></span>se or the e<span class=\"_ _7\"></span>stimated usef<span class=\"_ _7\"></span>ul life of the a<span class=\"_ _7\"></span>sset, whic<span class=\"_ _7\"></span>hever is<span class=\"_ _304\"> </span>sho<span class=\"_ _7\"></span>rter<span class=\"_ _9\"></span>. Depre<span class=\"_ _7\"></span>ciatio<span class=\"_ _7\"></span>n on other as<span class=\"_ _7\"></span>sets is ca<span class=\"_ _7\"></span>lculated us<span class=\"_ _7\"></span>ing the<span class=\"_ _304\"> </span>strai<span class=\"_ _7\"></span>ght<span class=\"_ _9\"></span>-line m<span class=\"_ _7\"></span>ethod to alloc<span class=\"_ _7\"></span>ate their co<span class=\"_ _7\"></span>st<span class=\"_ _9\"></span>, le<span class=\"_ _7\"></span>ss the<span class=\"_ _7\"></span>ir resid<span class=\"_ _7\"></span>ual<span class=\"_ _304\"> </span>value<span class=\"_ _7\"></span>s, over their e<span class=\"_ _7\"></span>stimated us<span class=\"_ _7\"></span>eful live<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>The r<span class=\"_ _7\"></span>ates appli<span class=\"_ _7\"></span>ed are as fo<span class=\"_ _7\"></span>llows:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws101\"> buildi<span class=\"_ _9\"></span>ngs <span class=\"_ _1c1\"> </span>20<span class=\"_ _7\"></span>\u201350 <span class=\"_ _28\"> </span>years<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls85 ws84\"> <span class=\"_ _24\"></span>veh<span class=\"_ _7\"></span>icl<span class=\"_ _7\"></span>es  <span class=\"_ _1c2\"> </span>3 yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>leasehold improv<span class=\"_ _9\"></span>eme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>s including  <span class=\"_ _1c3\"> </span></span></span>fix<span class=\"_ _7\"></span>tures a<span class=\"_ _7\"></span>nd fit<span class=\"_ _7\"></span>tings <span class=\"_ _ce\"> </span> <span class=\"_ _ef\"> </span>1<span class=\"_ _9\"></span>0<span class=\"_ _7\"></span>\u2013<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>5 yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>furniture,<span class=\"_ _9\"></span> fit<span class=\"_ _7\"></span>tings<span class=\"_ _9\"></span> and equipment  <span class=\"_ _13a\"> </span>3\u2013<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>5 years<span class=\"_ _304\"> </span></span></span>The a<span class=\"_ _7\"></span>ssets\u2019 resid<span class=\"_ _7\"></span>ual valu<span class=\"_ _7\"></span>es and u<span class=\"_ _7\"></span>seful l<span class=\"_ _7\"></span>ives are rev<span class=\"_ _7\"></span>iewed at eac<span class=\"_ _7\"></span>h balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et date and adj<span class=\"_ _7\"></span>usted if ap<span class=\"_ _7\"></span>propri<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>An a<span class=\"_ _7\"></span>sset\u2019<span class=\"_ _9\"></span>s car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount i<span class=\"_ _7\"></span>s writ<span class=\"_ _7\"></span>ten down im<span class=\"_ _7\"></span>medi<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>el<span class=\"_ _7\"></span>y to its<span class=\"_ _304\"> </span>recover<span class=\"_ _7\"></span>able a<span class=\"_ _7\"></span>mount if th<span class=\"_ _7\"></span>e asset<span class=\"_ _7\"></span>\u2019<span class=\"_ _a\"></span>s c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing amo<span class=\"_ _7\"></span>unt is gre<span class=\"_ _7\"></span>ater<span class=\"_ _304\"> </span>than i<span class=\"_ _7\"></span>ts estimated re<span class=\"_ _7\"></span>coverabl<span class=\"_ _7\"></span>e amou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>. G<span class=\"_ _7\"></span>ains an<span class=\"_ _7\"></span>d losse<span class=\"_ _7\"></span>s on<span class=\"_ _304\"> </span>disp<span class=\"_ _7\"></span>osal<span class=\"_ _7\"></span>s are determ<span class=\"_ _7\"></span>ined by co<span class=\"_ _7\"></span>mpari<span class=\"_ _7\"></span>ng proce<span class=\"_ _7\"></span>eds w<span class=\"_ _7\"></span>ith the<span class=\"_ _304\"> </span>car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount. Th<span class=\"_ _7\"></span>ese are i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>ed in the in<span class=\"_ _7\"></span>come statem<span class=\"_ _7\"></span>ent.<span class=\"_ _304\"> </span>2.5 Inta<span class=\"_ _7\"></span>ngible assets<span class=\"_ _304\"> </span>(a<span class=\"_ _9\"></span>) Goodwill<span class=\"_ _304\"> </span>Goodwill represents amount<span class=\"_ _9\"></span>s arising on acquisition<span class=\"_ _9\"></span> of<span class=\"_ _304\"> </span>subsidiaries and associat<span class=\"_ _9\"></span>es. In<span class=\"_ _9\"></span> respect of acquisit<span class=\"_ _9\"></span>ions tha<span class=\"_ _9\"></span>t have occu<span class=\"_ _7\"></span>rred s<span class=\"_ _7\"></span>ince 1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _7\"></span>04, goodw<span class=\"_ _7\"></span>ill repre<span class=\"_ _7\"></span>sents the exces<span class=\"_ _7\"></span>s of the fair valu<span class=\"_ _7\"></span>e of consi<span class=\"_ _7\"></span>deratio<span class=\"_ _7\"></span>n of an acqu<span class=\"_ _7\"></span>isition over the fai<span class=\"_ _7\"></span>r value of the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s sha<span class=\"_ _7\"></span>re of the net ide<span class=\"_ _7\"></span>ntifiab<span class=\"_ _7\"></span>le<span class=\"_ _304\"> </span>assets and<span class=\"_ _9\"></span> contingent liabil<span class=\"_ _9\"></span>ities assumed of<span class=\"_ _9\"></span> the acquired<span class=\"_ _304\"> </span>subsidiar<span class=\"_ _7\"></span>y or<span class=\"_ _9\"></span> associate<span class=\"_ _9\"></span> at the a<span class=\"_ _9\"></span>cquisition dat<span class=\"_ _9\"></span>e<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>In res<span class=\"_ _7\"></span>pect of ac<span class=\"_ _7\"></span>quisi<span class=\"_ _7\"></span>tions pr<span class=\"_ _7\"></span>ior to 1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Janua<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2004, good<span class=\"_ _7\"></span>will is<span class=\"_ _304\"> </span>incl<span class=\"_ _7\"></span>uded o<span class=\"_ _7\"></span>n the basis of i<span class=\"_ _7\"></span>ts deem<span class=\"_ _7\"></span>ed cos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>, wh<span class=\"_ _7\"></span>ich rep<span class=\"_ _7\"></span>resents the am<span class=\"_ _7\"></span>ount rec<span class=\"_ _7\"></span>orded un<span class=\"_ _7\"></span>der prev<span class=\"_ _7\"></span>ious g<span class=\"_ _7\"></span>ener<span class=\"_ _7\"></span>ally ac<span class=\"_ _7\"></span>cepted<span class=\"_ _304\"> </span>accounting principles.<span class=\"_ _304\"> </span>Goodwill on acquisit<span class=\"_ _9\"></span>ion of<span class=\"_ _9\"></span> subsidiaries is included in<span class=\"_ _9\"></span> intangible asse<span class=\"_ _9\"></span>ts. Goodwill<span class=\"_ _9\"></span> on acquisition<span class=\"_ _9\"></span> of associat<span class=\"_ _9\"></span>es is inc<span class=\"_ _7\"></span>luded i<span class=\"_ _7\"></span>n investme<span class=\"_ _7\"></span>nts in asso<span class=\"_ _7\"></span>ciates.<span class=\"_ _304\"> </span>Goo<span class=\"_ _7\"></span>dwill i<span class=\"_ _7\"></span>s not amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed but is tes<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed at l<span class=\"_ _7\"></span>east a<span class=\"_ _7\"></span>nnua<span class=\"_ _7\"></span>lly for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt and c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at co<span class=\"_ _7\"></span>st<span class=\"_ _9\"></span>, le<span class=\"_ _7\"></span>ss acc<span class=\"_ _7\"></span>umulated<span class=\"_ _304\"> </span>impairme<span class=\"_ _7\"></span>nt losses.<span class=\"_ _304\"> </span>Goo<span class=\"_ _7\"></span>dwill i<span class=\"_ _7\"></span>s alloc<span class=\"_ _7\"></span>ated to t<span class=\"_ _9\"></span>he G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s ca<span class=\"_ _7\"></span>sh-g<span class=\"_ _7\"></span>ener<span class=\"_ _7\"></span>ating units<span class=\"_ _304\"> </span>identified accor<span class=\"_ _9\"></span>ding t<span class=\"_ _9\"></span>o the smallest<span class=\"_ _9\"></span> identifiable unit t<span class=\"_ _9\"></span>o which<span class=\"_ _304\"> </span>cas<span class=\"_ _7\"></span>h flows are ge<span class=\"_ _7\"></span>nerated.<span class=\"_ _304\"> </span>The i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment rev<span class=\"_ _7\"></span>iew proce<span class=\"_ _7\"></span>ss exam<span class=\"_ _7\"></span>ines w<span class=\"_ _7\"></span>hether o<span class=\"_ _7\"></span>r not<span class=\"_ _9\"></span> the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g value of the go<span class=\"_ _7\"></span>odwi<span class=\"_ _7\"></span>ll attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble to indiv<span class=\"_ _7\"></span>idua<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span>cas<span class=\"_ _7\"></span>h-ge<span class=\"_ _7\"></span>neratin<span class=\"_ _7\"></span>g units excee<span class=\"_ _7\"></span>ds its rec<span class=\"_ _7\"></span>overable a<span class=\"_ _7\"></span>mount. Any<span class=\"_ _304\"> </span>excess of go<span class=\"_ _7\"></span>odwi<span class=\"_ _7\"></span>ll over the recove<span class=\"_ _7\"></span>rable a<span class=\"_ _7\"></span>mount a<span class=\"_ _7\"></span>risin<span class=\"_ _7\"></span>g from<span class=\"_ _304\"> </span>the revi<span class=\"_ _7\"></span>ew proce<span class=\"_ _7\"></span>ss indi<span class=\"_ _7\"></span>cates impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt. Any impai<span class=\"_ _7\"></span>rment<span class=\"_ _304\"> </span>cha<span class=\"_ _7\"></span>rges are p<span class=\"_ _7\"></span>rese<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed a<span class=\"_ _7\"></span>s par<span class=\"_ _7\"></span>t of ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expen<span class=\"_ _7\"></span>ses. Gai<span class=\"_ _7\"></span>ns and lo<span class=\"_ _7\"></span>sses o<span class=\"_ _7\"></span>n the disp<span class=\"_ _7\"></span>osal of a<span class=\"_ _7\"></span>n entit<span class=\"_ _7\"></span>y inclu<span class=\"_ _7\"></span>de the<span class=\"_ _304\"> </span>car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of go<span class=\"_ _7\"></span>odwi<span class=\"_ _7\"></span>ll relating to the e<span class=\"_ _7\"></span>ntity s<span class=\"_ _7\"></span>old.<span class=\"_ _304\"> </span>2 Basis of preparation<span class=\"_ _304\"> </span>2.<span class=\"_ _7\"></span>2 Basis of<span class=\"_ _9\"></span> consolidation<span class=\"_ _304\"> </span>(c<span class=\"_ _9\"></span>) T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>ons eli<span class=\"_ _7\"></span>minated on c<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dation co<span class=\"_ _7\"></span>ntinue<span class=\"_ _7\"></span>d<span class=\"_ _304\"> </span><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs505\">(b<span class=\"_ _9\"></span>) Other intangible<span class=\"_ _9\"></span> assets<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs506\">Intan<span class=\"_ _7\"></span>gible a<span class=\"_ _7\"></span>ssets acq<span class=\"_ _7\"></span>uired se<span class=\"_ _7\"></span>paratel<span class=\"_ _7\"></span>y from a bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s are </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs507\">car<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>d initia<span class=\"_ _7\"></span>lly at cos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>. A<span class=\"_ _7\"></span>n intang<span class=\"_ _7\"></span>ible as<span class=\"_ _7\"></span>set acqu<span class=\"_ _7\"></span>ired as pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs508\">of a<span class=\"_ _9\"></span> business combination<span class=\"_ _9\"></span> is recognised outside<span class=\"_ _9\"></span> of goodwill<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs509\">if the a<span class=\"_ _7\"></span>sset is se<span class=\"_ _7\"></span>para<span class=\"_ _7\"></span>ble or ar<span class=\"_ _7\"></span>ises f<span class=\"_ _7\"></span>rom contra<span class=\"_ _7\"></span>ctual o<span class=\"_ _7\"></span>r other <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs50a\">leg<span class=\"_ _7\"></span>al rig<span class=\"_ _7\"></span>hts and its fa<span class=\"_ _7\"></span>ir value c<span class=\"_ _7\"></span>an be me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d relia<span class=\"_ _7\"></span>bly<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs50b\">Custome<span class=\"_ _7\"></span>r relatio<span class=\"_ _7\"></span>nships, sy<span class=\"_ _7\"></span>ndicate ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y and s<span class=\"_ _7\"></span>oft<span class=\"_ _7\"></span>ware </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs50c\">acqu<span class=\"_ _7\"></span>ired are c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>lise<span class=\"_ _7\"></span>d at cost, bein<span class=\"_ _7\"></span>g the fair val<span class=\"_ _7\"></span>ue of the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs50d\">cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>ation paid. Sof<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ware is ca<span class=\"_ _7\"></span>pita<span class=\"_ _7\"></span>lised o<span class=\"_ _7\"></span>n the basis of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs50e\">the cos<span class=\"_ _7\"></span>ts incur<span class=\"_ _7\"></span>red to acquire a<span class=\"_ _7\"></span>nd brin<span class=\"_ _7\"></span>g it into use. Intan<span class=\"_ _7\"></span>gible </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs50f\">ass<span class=\"_ _7\"></span>ets with ind<span class=\"_ _7\"></span>efinite live<span class=\"_ _7\"></span>s such as sy<span class=\"_ _7\"></span>ndic<span class=\"_ _7\"></span>ate capaci<span class=\"_ _7\"></span>ty are </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs510\">subs<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>ntly valu<span class=\"_ _7\"></span>ed at cost a<span class=\"_ _7\"></span>nd are su<span class=\"_ _7\"></span>bject to ann<span class=\"_ _7\"></span>ual </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3d ws46 gs511\">impairment assessment<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs512\">Intangible asset<span class=\"_ _9\"></span>s with finit<span class=\"_ _9\"></span>e useful lives are<span class=\"_ _9\"></span> consequently </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs513\">car<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>d at cost, les<span class=\"_ _7\"></span>s accum<span class=\"_ _7\"></span>ulated amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation a<span class=\"_ _7\"></span>nd impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs514\">The u<span class=\"_ _7\"></span>seful l<span class=\"_ _7\"></span>ife of the ass<span class=\"_ _7\"></span>et is reviewed a<span class=\"_ _7\"></span>nnua<span class=\"_ _7\"></span>lly<span class=\"_ _9\"></span>. Any cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs515\">estim<span class=\"_ _7\"></span>ated usefu<span class=\"_ _7\"></span>l lives a<span class=\"_ _7\"></span>re accou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed fo<span class=\"_ _7\"></span>r prospe<span class=\"_ _7\"></span>ctivel<span class=\"_ _7\"></span>y with the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs516\">ef<span class=\"_ _7\"></span>fect of the c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>e bein<span class=\"_ _7\"></span>g recog<span class=\"_ _7\"></span>nised i<span class=\"_ _7\"></span>n the curre<span class=\"_ _7\"></span>nt and f<span class=\"_ _7\"></span>uture </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs517\">periods, if rele<span class=\"_ _9\"></span>vant.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs518\">Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation i<span class=\"_ _7\"></span>s calcu<span class=\"_ _7\"></span>lated usin<span class=\"_ _7\"></span>g the straig<span class=\"_ _7\"></span>ht<span class=\"_ _9\"></span>-line m<span class=\"_ _7\"></span>ethod <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs519\">to alloc<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e the c<span class=\"_ _7\"></span>ost over the e<span class=\"_ _7\"></span>stimated usef<span class=\"_ _7\"></span>ul live<span class=\"_ _7\"></span>s of the<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs51a\">intangible assets<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs51b\">Subsequent e<span class=\"_ _9\"></span>xpenditure on o<span class=\"_ _9\"></span>ther intangible<span class=\"_ _9\"></span> assets is<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs51c\">capitalised only when it i<span class=\"_ _9\"></span>ncreases the futur<span class=\"_ _9\"></span>e economic <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs51d\">ben<span class=\"_ _7\"></span>efits emb<span class=\"_ _7\"></span>odie<span class=\"_ _7\"></span>d in the spe<span class=\"_ _7\"></span>cific a<span class=\"_ _7\"></span>sset to whic<span class=\"_ _7\"></span>h it relates. <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs51e\">All othe<span class=\"_ _7\"></span>r expe<span class=\"_ _7\"></span>nditure is ex<span class=\"_ _7\"></span>pens<span class=\"_ _7\"></span>ed as inc<span class=\"_ _7\"></span>urred.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs51f\">Tho<span class=\"_ _7\"></span>se intan<span class=\"_ _7\"></span>gible a<span class=\"_ _7\"></span>ssets wi<span class=\"_ _7\"></span>th finite lives a<span class=\"_ _7\"></span>re asse<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d for </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls78 ws41 gs520\">indi<span class=\"_ _7\"></span>cators of impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt at each re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e. Whe<span class=\"_ _7\"></span>re there is a<span class=\"_ _7\"></span>n </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 wsa3 gs521\">indi<span class=\"_ _7\"></span>cation of imp<span class=\"_ _7\"></span>airm<span class=\"_ _7\"></span>ent then a f<span class=\"_ _7\"></span>ull im<span class=\"_ _7\"></span>pairm<span class=\"_ _7\"></span>ent test is p<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>forme<span class=\"_ _7\"></span>d. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs522\">An im<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>ment los<span class=\"_ _7\"></span>s reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d for an inta<span class=\"_ _7\"></span>ngibl<span class=\"_ _7\"></span>e asset i<span class=\"_ _7\"></span>n prio<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws41 gs523\">year<span class=\"_ _7\"></span>s shoul<span class=\"_ _7\"></span>d be revers<span class=\"_ _7\"></span>ed if, and only i<span class=\"_ _7\"></span>f<span class=\"_ _9\"></span>, there h<span class=\"_ _7\"></span>as bee<span class=\"_ _7\"></span>n a chan<span class=\"_ _7\"></span>ge </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs524\">in the e<span class=\"_ _7\"></span>stimates use<span class=\"_ _7\"></span>d to det<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rmine th<span class=\"_ _7\"></span>e asset\u2019s recoverabl<span class=\"_ _7\"></span>e </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs525\">amo<span class=\"_ _7\"></span>unt sinc<span class=\"_ _7\"></span>e the last i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment lo<span class=\"_ _7\"></span>ss was rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls3b ws44 gs526\">2.6 Impairment of non-financial assets<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs527\">Non-<span class=\"_ _9\"></span>financial assets (<span class=\"_ _9\"></span>such as goodwil<span class=\"_ _9\"></span>l, an in<span class=\"_ _9\"></span>tangible asset or<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs528\">item of prop<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>, pla<span class=\"_ _7\"></span>nt and eq<span class=\"_ _7\"></span>uipme<span class=\"_ _7\"></span>nt) that have an indefi<span class=\"_ _7\"></span>nite </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs529\">usef<span class=\"_ _7\"></span>ul life are n<span class=\"_ _7\"></span>ot subje<span class=\"_ _7\"></span>ct to amor<span class=\"_ _7\"></span>tisatio<span class=\"_ _7\"></span>n and are tes<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs52a\">ann<span class=\"_ _7\"></span>ually o<span class=\"_ _7\"></span>r when<span class=\"_ _7\"></span>ever there i<span class=\"_ _7\"></span>s an indi<span class=\"_ _7\"></span>cation of imp<span class=\"_ _7\"></span>airm<span class=\"_ _7\"></span>ent.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs52b\">Ass<span class=\"_ _7\"></span>ets that are sub<span class=\"_ _7\"></span>ject to amo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>sation are rev<span class=\"_ _7\"></span>iewed for </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs52c\">impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt whe<span class=\"_ _7\"></span>never events or c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>es in circu<span class=\"_ _7\"></span>mstan<span class=\"_ _7\"></span>ces </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs52d\">indi<span class=\"_ _7\"></span>cate that the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount m<span class=\"_ _7\"></span>ay not be recovera<span class=\"_ _7\"></span>ble.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs52e\">Obj<span class=\"_ _7\"></span>ective fac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>s that are co<span class=\"_ _7\"></span>nside<span class=\"_ _7\"></span>red whe<span class=\"_ _7\"></span>n determ<span class=\"_ _7\"></span>ining </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs52f\">whether a non-<span class=\"_ _9\"></span>financial asset or gr<span class=\"_ _9\"></span>oup of non-<span class=\"_ _9\"></span>financial assets<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs530\">may be im<span class=\"_ _7\"></span>paired i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, bu<span class=\"_ _7\"></span>t are not limi<span class=\"_ _7\"></span>ted t<span class=\"_ _9\"></span>o, the followin<span class=\"_ _7\"></span>g:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs531\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs532\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>adv<span class=\"_ _9\"></span>erse economic, regulat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y or en<span class=\"_ _9\"></span>vironmental </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs533\">con<span class=\"_ _7\"></span>ditions th<span class=\"_ _7\"></span>at may restri<span class=\"_ _7\"></span>ct futu<span class=\"_ _7\"></span>re cash flows a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs534\">asset usage and/<span class=\"_ _a\"></span>or recoverability;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs535\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs536\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the likelih<span class=\"_ _7\"></span>ood of acce<span class=\"_ _7\"></span>lerated o<span class=\"_ _7\"></span>bsole<span class=\"_ _7\"></span>sce<span class=\"_ _7\"></span>nce ar<span class=\"_ _7\"></span>ising <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs537\">from th<span class=\"_ _7\"></span>e develop<span class=\"_ _7\"></span>ment of new tech<span class=\"_ _7\"></span>nolog<span class=\"_ _7\"></span>ies a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs538\">products<span class=\"_ _9\"></span>; and<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs539\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs53a\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the disinteg<span class=\"_ _7\"></span>ration of the ac<span class=\"_ _7\"></span>tive market(s<span class=\"_ _9\"></span>) to whic<span class=\"_ _7\"></span>h the </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs53b\">ass<span class=\"_ _7\"></span>et is related. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs53c\">An im<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>ment los<span class=\"_ _7\"></span>s is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed for the am<span class=\"_ _7\"></span>ount by whi<span class=\"_ _7\"></span>ch <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs53d\">the as<span class=\"_ _7\"></span>set\u2019<span class=\"_ _9\"></span>s car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount excee<span class=\"_ _7\"></span>ds its rec<span class=\"_ _7\"></span>overable <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs53e\">amo<span class=\"_ _7\"></span>unt. The rec<span class=\"_ _7\"></span>overable a<span class=\"_ _7\"></span>mount i<span class=\"_ _7\"></span>s the high<span class=\"_ _7\"></span>er of an <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs53f\">ass<span class=\"_ _7\"></span>et\u2019<span class=\"_ _9\"></span>s fair valu<span class=\"_ _7\"></span>e less c<span class=\"_ _7\"></span>osts to sell or va<span class=\"_ _7\"></span>lue in us<span class=\"_ _7\"></span>e.<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs540\">For the pu<span class=\"_ _7\"></span>rpose of a<span class=\"_ _7\"></span>sses<span class=\"_ _7\"></span>sing im<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>ment, assets a<span class=\"_ _7\"></span>re groupe<span class=\"_ _7\"></span>d </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs541\">at the lowes<span class=\"_ _7\"></span>t levels for wh<span class=\"_ _7\"></span>ich the<span class=\"_ _7\"></span>re are sepa<span class=\"_ _7\"></span>rately id<span class=\"_ _7\"></span>entifia<span class=\"_ _7\"></span>ble <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs542\">cas<span class=\"_ _7\"></span>h flows (cash-g<span class=\"_ _7\"></span>ene<span class=\"_ _7\"></span>rating uni<span class=\"_ _7\"></span>ts<span class=\"_ _9\"></span>). Where an i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs543\">los<span class=\"_ _7\"></span>s subse<span class=\"_ _7\"></span>quentl<span class=\"_ _7\"></span>y reverse<span class=\"_ _7\"></span>s, the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying am<span class=\"_ _7\"></span>ount of the <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs544\">ass<span class=\"_ _7\"></span>et is incre<span class=\"_ _7\"></span>ased to the revi<span class=\"_ _7\"></span>sed es<span class=\"_ _7\"></span>timate of its recovera<span class=\"_ _7\"></span>ble </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs545\">amo<span class=\"_ _7\"></span>unt, but only to the ex<span class=\"_ _7\"></span>tent that the in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>ed car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs546\">amo<span class=\"_ _7\"></span>unt doe<span class=\"_ _7\"></span>s not ex<span class=\"_ _9\"></span>ce<span class=\"_ _7\"></span>ed the c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng amou<span class=\"_ _7\"></span>nt that would <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs547\">have bee<span class=\"_ _7\"></span>n determ<span class=\"_ _7\"></span>ined had n<span class=\"_ _7\"></span>o impai<span class=\"_ _7\"></span>rment l<span class=\"_ _7\"></span>oss be<span class=\"_ _7\"></span>en </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs548\">reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d for the as<span class=\"_ _7\"></span>set in pr<span class=\"_ _7\"></span>ior per<span class=\"_ _7\"></span>iods. A rever<span class=\"_ _7\"></span>sal of an </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs549\">impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt loss i<span class=\"_ _7\"></span>s recog<span class=\"_ _7\"></span>nised a<span class=\"_ _7\"></span>s incom<span class=\"_ _7\"></span>e imme<span class=\"_ _7\"></span>diately<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs54a\">Impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt loss<span class=\"_ _7\"></span>es reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in res<span class=\"_ _7\"></span>pect of go<span class=\"_ _7\"></span>odwil<span class=\"_ _7\"></span>l are <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs54b\">not subsequent<span class=\"_ _9\"></span>ly reversed<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls3b ws44 gs54c\">2.7 F<span class=\"_ _9\"></span>inancial as<span class=\"_ _7\"></span>sets and liabiliti<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs54d\">The Group classifies it<span class=\"_ _9\"></span>s financial assets<span class=\"_ _9\"></span> in the f<span class=\"_ _9\"></span>ollowing<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs54e\">measurement cat<span class=\"_ _9\"></span>egories, which depends on t<span class=\"_ _9\"></span>he business </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs54f\">mode<span class=\"_ _7\"></span>l for man<span class=\"_ _7\"></span>aging the fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>sets and the c<span class=\"_ _7\"></span>ontractu<span class=\"_ _7\"></span>al </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs550\">terms of the c<span class=\"_ _7\"></span>ash flows.<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs551\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs552\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed cost: ass<span class=\"_ _7\"></span>ets that are he<span class=\"_ _7\"></span>ld for col<span class=\"_ _7\"></span>lectio<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs553\">of contrac<span class=\"_ _7\"></span>tual ca<span class=\"_ _7\"></span>sh flows wh<span class=\"_ _7\"></span>ere those c<span class=\"_ _7\"></span>ash flows </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs554\">repre<span class=\"_ _7\"></span>sent so<span class=\"_ _7\"></span>lely p<span class=\"_ _7\"></span>ayments of pr<span class=\"_ _7\"></span>incip<span class=\"_ _7\"></span>al and intere<span class=\"_ _7\"></span>st </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls77 ws41 gs555\">(SPPI<span class=\"_ _7\"></span>)<span class=\"_ _9\"></span>, <span class=\"_ _7\"></span>an<span class=\"_ _7\"></span>d th<span class=\"_ _7\"></span>at a<span class=\"_ _7\"></span>re not desi<span class=\"_ _7\"></span>gnated at fai<span class=\"_ _7\"></span>r value throu<span class=\"_ _7\"></span>gh </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws46 gs556\">pro<span class=\"_ _9\"></span>fit or loss (<span class=\"_ _9\"></span>F<span class=\"_ _7\"></span>VPL)<span class=\"_ _a\"></span>, are <span class=\"_ _7\"></span>meas<span class=\"_ _7\"></span>ured at <span class=\"_ _7\"></span>amor<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs557\">Interest i<span class=\"_ _7\"></span>ncome f<span class=\"_ _7\"></span>rom thes<span class=\"_ _7\"></span>e finan<span class=\"_ _7\"></span>cial as<span class=\"_ _7\"></span>sets is inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs558\">interest i<span class=\"_ _7\"></span>ncom<span class=\"_ _7\"></span>e using the e<span class=\"_ _7\"></span>ffe<span class=\"_ _7\"></span>ctive intere<span class=\"_ _7\"></span>st rate method. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs559\">Suc<span class=\"_ _7\"></span>h assets he<span class=\"_ _7\"></span>ld by the Group <span class=\"_ _9\"></span>include cash<span class=\"_ _9\"></span> and cash<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls18 ws44 gs55a\">equivalents<span class=\"_ _9\"></span>, receivables from<span class=\"_ _9\"></span> bro<span class=\"_ _7\"></span>kers, pre<span class=\"_ _7\"></span>payme<span class=\"_ _7\"></span>nts and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls84 ws96 gs55b\">accrued income<span class=\"_ _9\"></span>, r<span class=\"_ _9\"></span>eceivables and a<span class=\"_ _9\"></span>ccrued int<span class=\"_ _9\"></span>erest and<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws84 gs55c\">othe<span class=\"_ _7\"></span>r de<span class=\"_ _7\"></span>btors.<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs55d\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs55e\"> <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>F<span class=\"_ _9\"></span>air value t<span class=\"_ _9\"></span>hrough o<span class=\"_ _9\"></span>ther comprehensive<span class=\"_ _9\"></span> income (F<span class=\"_ _7\"></span>V<span class=\"_ _9\"></span>OCI)<span class=\"_ _9\"></span>:<span class=\"_ _9\"></span> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs55f\">ass<span class=\"_ _7\"></span>ets that are he<span class=\"_ _7\"></span>ld for coll<span class=\"_ _7\"></span>ectio<span class=\"_ _7\"></span>n of contractu<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs560\">flows and fo<span class=\"_ _7\"></span>r selli<span class=\"_ _7\"></span>ng the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets, and w<span class=\"_ _7\"></span>here the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs561\">cas<span class=\"_ _7\"></span>h flows repre<span class=\"_ _7\"></span>sent SPPI, and that a<span class=\"_ _7\"></span>re not des<span class=\"_ _7\"></span>ignated <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs562\">as F<span class=\"_ _7\"></span>VPL, are m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>red at F<span class=\"_ _7\"></span>VOCI. Movements i<span class=\"_ _7\"></span>n the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs563\">car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount a<span class=\"_ _7\"></span>re taken throu<span class=\"_ _7\"></span>gh OCI, except for </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs564\">the rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>tion of impai<span class=\"_ _7\"></span>rme<span class=\"_ _7\"></span>nt gains o<span class=\"_ _7\"></span>r losse<span class=\"_ _7\"></span>s, interest </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs565\">revenue a<span class=\"_ _7\"></span>nd forei<span class=\"_ _7\"></span>gn exchange g<span class=\"_ _7\"></span>ains a<span class=\"_ _7\"></span>nd loss<span class=\"_ _7\"></span>es whi<span class=\"_ _7\"></span>ch </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs566\">are rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed in profit o<span class=\"_ _7\"></span>r loss. W<span class=\"_ _7\"></span>hen the fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al ass<span class=\"_ _7\"></span>et </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs567\">is de<span class=\"_ _7\"></span>recog<span class=\"_ _7\"></span>nised, the c<span class=\"_ _7\"></span>umulati<span class=\"_ _7\"></span>ve gain or l<span class=\"_ _7\"></span>oss on the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs568\">instrument\u2019<span class=\"_ _a\"></span>s amor<span class=\"_ _7\"></span>tised cost pr<span class=\"_ _9\"></span>eviously recognised in <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs569\">OCI is re<span class=\"_ _7\"></span>clas<span class=\"_ _7\"></span>sifie<span class=\"_ _7\"></span>d from eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o profit o<span class=\"_ _7\"></span>r loss. Intere<span class=\"_ _7\"></span>st </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs56a\">from th<span class=\"_ _7\"></span>ese fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets is i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>ed in intere<span class=\"_ _7\"></span>st inco<span class=\"_ _7\"></span>me </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs56b\">usin<span class=\"_ _7\"></span>g the ef<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ve interest rate method. T<span class=\"_ _7\"></span>he Group d<span class=\"_ _7\"></span>oes </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs56c\">not hold a<span class=\"_ _7\"></span>ny assets at F<span class=\"_ _7\"></span>VOCI a<span class=\"_ _7\"></span>s the busin<span class=\"_ _7\"></span>ess m<span class=\"_ _7\"></span>odel </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs56d\">cri<span class=\"_ _7\"></span>teria are n<span class=\"_ _7\"></span>ot met.<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs56e\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs56f\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Fair value thro<span class=\"_ _7\"></span>ugh profit or l<span class=\"_ _7\"></span>oss (F<span class=\"_ _7\"></span>VPL): assets th<span class=\"_ _7\"></span>at do </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs570\">not mee<span class=\"_ _7\"></span>t the criter<span class=\"_ _7\"></span>ia for am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tised c<span class=\"_ _7\"></span>ost or F<span class=\"_ _7\"></span>VOCI are </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs571\">mea<span class=\"_ _7\"></span>sured at F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL. Assets ca<span class=\"_ _7\"></span>n also b<span class=\"_ _7\"></span>e desi<span class=\"_ _7\"></span>gnated <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs572\">to FV<span class=\"_ _7\"></span>PL if in doin<span class=\"_ _7\"></span>g so it el<span class=\"_ _7\"></span>iminates, or si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>antly <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs573\">redu<span class=\"_ _7\"></span>ces, an ac<span class=\"_ _7\"></span>counti<span class=\"_ _7\"></span>ng mismatch. Th<span class=\"_ _7\"></span>e gains o<span class=\"_ _7\"></span>r<span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs574\">los<span class=\"_ _7\"></span>ses ar<span class=\"_ _7\"></span>ising f<span class=\"_ _7\"></span>rom fair va<span class=\"_ _7\"></span>lue cha<span class=\"_ _7\"></span>nges o<span class=\"_ _7\"></span>n assets </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs575\">mea<span class=\"_ _7\"></span>sured at F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in profit or lo<span class=\"_ _7\"></span>ss <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs576\">and p<span class=\"_ _7\"></span>resented w<span class=\"_ _7\"></span>ithin inves<span class=\"_ _7\"></span>tment res<span class=\"_ _7\"></span>ult in the p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs577\">in whi<span class=\"_ _7\"></span>ch they ar<span class=\"_ _7\"></span>ise. The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s inves<span class=\"_ _7\"></span>tment as<span class=\"_ _7\"></span>sets in <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs578\">this ca<span class=\"_ _9\"></span>tegory include gov<span class=\"_ _9\"></span>ernme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span> bonds, corporat<span class=\"_ _9\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs579\">bonds,<span class=\"_ _9\"></span> asset and mortgage-back<span class=\"_ _9\"></span>ed securities, o<span class=\"_ _9\"></span>ther<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs57a\">fixed income holdin<span class=\"_ _9\"></span>gs, equities,<span class=\"_ _9\"></span> investment<span class=\"_ _9\"></span> funds, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs57b\">insu<span class=\"_ _7\"></span>rance<span class=\"_ _7\"></span>-linked f<span class=\"_ _7\"></span>unds a<span class=\"_ _7\"></span>nd der<span class=\"_ _7\"></span>ivatives. A<span class=\"_ _7\"></span>ll these <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs57c\">ass<span class=\"_ _7\"></span>ets are at F<span class=\"_ _7\"></span>VPL be<span class=\"_ _7\"></span>cause of the b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss mo<span class=\"_ _7\"></span>del <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs57d\">test and th<span class=\"_ _7\"></span>e char<span class=\"_ _7\"></span>acteristi<span class=\"_ _7\"></span>cs of the ass<span class=\"_ _7\"></span>ociated <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls84 ws96 gs57e\">contr<span class=\"_ _9\"></span>actual cash<span class=\"_ _9\"></span> flows<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls39 ws43 gs57f\">(<span class=\"_ _9\"></span>a) Recognition<span class=\"fc2 ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs580\">The Group r<span class=\"_ _9\"></span>ecognises a financial asset or a<span class=\"_ _9\"></span> financial liability </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs581\">in its ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e sheet w<span class=\"_ _7\"></span>hen, and o<span class=\"_ _7\"></span>nly wh<span class=\"_ _7\"></span>en, it be<span class=\"_ _7\"></span>come<span class=\"_ _7\"></span>s a<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs583\">par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y to the contractu<span class=\"_ _7\"></span>al provis<span class=\"_ _7\"></span>ions of the in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nt. A<span class=\"_ _9\"></span>t ini<span class=\"_ _7\"></span>tial </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs584\">reco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n, the Group me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>s a finan<span class=\"_ _7\"></span>cial a<span class=\"_ _7\"></span>sset at its fa<span class=\"_ _7\"></span>ir </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs585\">value p<span class=\"_ _7\"></span>lus, in the c<span class=\"_ _7\"></span>ase of a fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>sset not at fa<span class=\"_ _7\"></span>ir value </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs586\">throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s, transa<span class=\"_ _7\"></span>ction co<span class=\"_ _7\"></span>sts that are inc<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>ntal </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs587\">and d<span class=\"_ _7\"></span>irectly at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e to the acquis<span class=\"_ _7\"></span>ition or is<span class=\"_ _7\"></span>sue of the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs588\">fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>sset. T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsactio<span class=\"_ _7\"></span>n costs of fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs589\">at F<span class=\"_ _7\"></span>VPL are exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>d in profit or lo<span class=\"_ _7\"></span>ss. </div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls84 ws96 gs58a\">(b<span class=\"_ _9\"></span>) Impairmen<span class=\"_ _9\"></span>t allow<span class=\"_ _9\"></span>ances<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs58b\">An exp<span class=\"_ _7\"></span>ected cre<span class=\"_ _7\"></span>dit lo<span class=\"_ _7\"></span>ss (ECL) mod<span class=\"_ _7\"></span>el is ap<span class=\"_ _7\"></span>plica<span class=\"_ _7\"></span>ble for a<span class=\"_ _7\"></span>ll assets </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs58c\">mea<span class=\"_ _7\"></span>sured at a<span class=\"_ _7\"></span>mor<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cost an<span class=\"_ _7\"></span>d F<span class=\"_ _7\"></span>V<span class=\"_ _9\"></span>OCI. T<span class=\"_ _7\"></span>he ass<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>ment </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs58d\">of credi<span class=\"_ _7\"></span>t risk a<span class=\"_ _7\"></span>nd the es<span class=\"_ _7\"></span>timation of an ECL a<span class=\"_ _7\"></span>re unbi<span class=\"_ _7\"></span>ased, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs58e\">probability-<span class=\"_ _9\"></span>weight<span class=\"_ _9\"></span>ed and incorpora<span class=\"_ _9\"></span>te all<span class=\"_ _9\"></span> available<span class=\"_ _9\"></span> informati<span class=\"_ _9\"></span>on </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs58f\">releva<span class=\"_ _7\"></span>nt t<span class=\"_ _9\"></span>o the a<span class=\"_ _7\"></span>sses<span class=\"_ _7\"></span>sme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, inc<span class=\"_ _7\"></span>ludin<span class=\"_ _7\"></span>g informati<span class=\"_ _7\"></span>on abou<span class=\"_ _7\"></span>t <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs590\">past ev<span class=\"_ _9\"></span>ents<span class=\"_ _9\"></span>, current condit<span class=\"_ _9\"></span>ions and reasonable and<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs591\">suppor<span class=\"_ _7\"></span>table f<span class=\"_ _9\"></span>orecasts o<span class=\"_ _9\"></span>f economic conditions<span class=\"_ _9\"></span> at the<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs592\">repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting date. The for<span class=\"_ _7\"></span>ward-l<span class=\"_ _7\"></span>ooki<span class=\"_ _7\"></span>ng aspe<span class=\"_ _7\"></span>ct of IFRS 9 <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs593\">requ<span class=\"_ _7\"></span>ires jud<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt as to how chan<span class=\"_ _7\"></span>ges in e<span class=\"_ _7\"></span>cono<span class=\"_ _7\"></span>mic factors </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs594\">af<span class=\"_ _7\"></span>fect ECL<span class=\"_ _7\"></span>s. Impai<span class=\"_ _7\"></span>rment c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s are rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed in the <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs595\">inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt withi<span class=\"_ _7\"></span>n operati<span class=\"_ _7\"></span>onal exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs596\">The EC<span class=\"_ _7\"></span>L is a three<span class=\"_ _7\"></span>-stage mod<span class=\"_ _7\"></span>el bas<span class=\"_ _7\"></span>ed on for<span class=\"_ _7\"></span>ward-l<span class=\"_ _7\"></span>ooki<span class=\"_ _7\"></span>ng </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs597\">informat<span class=\"_ _9\"></span>ion regarding changes in credit quality since incept<span class=\"_ _9\"></span>ion.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs598\">Cred<span class=\"_ _7\"></span>it risk i<span class=\"_ _7\"></span>s meas<span class=\"_ _7\"></span>ured us<span class=\"_ _7\"></span>ing a proba<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y of defau<span class=\"_ _7\"></span>lt (PD)<span class=\"_ _9\"></span>; </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs599\">expos<span class=\"_ _7\"></span>ure at defau<span class=\"_ _7\"></span>lt (E<span class=\"_ _7\"></span>AD)<span class=\"_ _9\"></span>; and l<span class=\"_ _7\"></span>oss gi<span class=\"_ _7\"></span>ven defaul<span class=\"_ _7\"></span>t (L<span class=\"_ _9\"></span>GD) <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws84 gs59a\">as fo<span class=\"_ _7\"></span>llows.<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs59b\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs59c\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>PD is an estim<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f the li<span class=\"_ _7\"></span>kelihoo<span class=\"_ _7\"></span>d of default of the a<span class=\"_ _7\"></span>sset. </span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gs59d\">A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>E<span class=\"_ _7\"></span>AD is a<span class=\"_ _7\"></span>n estimate of the expo<span class=\"_ _7\"></span>sure at that fu<span class=\"_ _7\"></span>ture defau<span class=\"_ _7\"></span>lt </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs59e\">date, takin<span class=\"_ _7\"></span>g into account ex<span class=\"_ _7\"></span>pected c<span class=\"_ _7\"></span>hange<span class=\"_ _7\"></span>s in the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs59f\">expos<span class=\"_ _7\"></span>ure af<span class=\"_ _7\"></span>ter the repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting date.<span class=\"_ _9\"></span> </div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs5a0\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs5a1\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>L<span class=\"_ _9\"></span>GD is a<span class=\"_ _7\"></span>n estimate of the los<span class=\"_ _7\"></span>s aris<span class=\"_ _7\"></span>ing in the c<span class=\"_ _7\"></span>ase wh<span class=\"_ _7\"></span>ere a </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5a2\">defau<span class=\"_ _7\"></span>lt occu<span class=\"_ _7\"></span>rs at a give<span class=\"_ _7\"></span>n time. It is base<span class=\"_ _7\"></span>d on the di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5a3\">bet<span class=\"_ _7\"></span>ween the c<span class=\"_ _7\"></span>ontractu<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows due a<span class=\"_ _7\"></span>nd those that </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5a4\">the Gro<span class=\"_ _7\"></span>up would exp<span class=\"_ _7\"></span>ect to rece<span class=\"_ _7\"></span>ive. It is usua<span class=\"_ _7\"></span>lly expre<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5a5\">as a pe<span class=\"_ _7\"></span>rcentag<span class=\"_ _7\"></span>e of the expos<span class=\"_ _7\"></span>ure at defaul<span class=\"_ _7\"></span>t.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5a6\">The th<span class=\"_ _7\"></span>ree stag<span class=\"_ _7\"></span>es of ECL are de<span class=\"_ _7\"></span>fined a<span class=\"_ _7\"></span>nd asse<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d as follows.<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs5a7\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs5a8\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 1 \u2013 no s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e in credi<span class=\"_ _7\"></span>t risk s<span class=\"_ _7\"></span>ince </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5a9\">ince<span class=\"_ _7\"></span>ption, ECL is ca<span class=\"_ _7\"></span>lculated u<span class=\"_ _7\"></span>sing a 1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>-month PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs5aa\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs5ab\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 2 \u2013 a si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant inc<span class=\"_ _7\"></span>rease i<span class=\"_ _7\"></span>n credi<span class=\"_ _7\"></span>t risk si<span class=\"_ _7\"></span>nce </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5ac\">ince<span class=\"_ _7\"></span>ption, ECL is ca<span class=\"_ _7\"></span>lculated u<span class=\"_ _7\"></span>sing a lifeti<span class=\"_ _7\"></span>me PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs5ad\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs5ae\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 3 \u2013 c<span class=\"_ _7\"></span>redit im<span class=\"_ _7\"></span>paired, ECL is c<span class=\"_ _7\"></span>alcul<span class=\"_ _7\"></span>ated using <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5af\">a lifetim<span class=\"_ _7\"></span>e PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 wsfe gs5b0\">A sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt incre<span class=\"_ _7\"></span>ase in cre<span class=\"_ _7\"></span>dit ri<span class=\"_ _7\"></span>sk is con<span class=\"_ _7\"></span>side<span class=\"_ _7\"></span>red to have incurre<span class=\"_ _7\"></span>d </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws41 gs5b1\">whe<span class=\"_ _7\"></span>n payme<span class=\"_ _7\"></span>nts are 30 days pa<span class=\"_ _7\"></span>st due, or ea<span class=\"_ _7\"></span>rlie<span class=\"_ _7\"></span>r if other fac<span class=\"_ _7\"></span>tors </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls89 ws43 gs5b2\">indicat<span class=\"_ _9\"></span>e the risk has incr<span class=\"_ _9\"></span>eased significa<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ly since inception<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5b3\">Fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets a<span class=\"_ _7\"></span>re writ<span class=\"_ _7\"></span>ten of<span class=\"_ _7\"></span>f whe<span class=\"_ _7\"></span>n there is no re<span class=\"_ _7\"></span>ason<span class=\"_ _7\"></span>able </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5b4\">expe<span class=\"_ _7\"></span>ctation of re<span class=\"_ _7\"></span>cover<span class=\"_ _7\"></span>y on a ca<span class=\"_ _7\"></span>se-by-cas<span class=\"_ _7\"></span>e basis.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs5b5\">(<span class=\"_ _9\"></span>c) Derecognit<span class=\"_ _9\"></span>ion </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs5b6\">Financial assets<span class=\"_ _9\"></span> are derecognised when the<span class=\"_ _9\"></span> contract<span class=\"_ _9\"></span>ual </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5b7\">rig<span class=\"_ _7\"></span>hts t<span class=\"_ _9\"></span>o rec<span class=\"_ _7\"></span>eive the c<span class=\"_ _7\"></span>ash flows f<span class=\"_ _7\"></span>rom the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets have </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5b8\">expire<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span>; or th<span class=\"_ _7\"></span>ey have been tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>red and th<span class=\"_ _7\"></span>e Group tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5b9\">subs<span class=\"_ _7\"></span>tantial<span class=\"_ _7\"></span>ly all the r<span class=\"_ _7\"></span>isks an<span class=\"_ _7\"></span>d rewards of owner<span class=\"_ _7\"></span>ship; or they </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5ba\">have bee<span class=\"_ _7\"></span>n transfe<span class=\"_ _7\"></span>rred a<span class=\"_ _7\"></span>nd the Grou<span class=\"_ _7\"></span>p neith<span class=\"_ _7\"></span>er trans<span class=\"_ _7\"></span>fers nor </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5bb\">retain<span class=\"_ _7\"></span>s substa<span class=\"_ _7\"></span>ntiall<span class=\"_ _7\"></span>y all the ri<span class=\"_ _7\"></span>sks and reward<span class=\"_ _7\"></span>s of owners<span class=\"_ _7\"></span>hip an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5bc\">the Gro<span class=\"_ _7\"></span>up has not reta<span class=\"_ _7\"></span>ined c<span class=\"_ _7\"></span>ontrol. Any gai<span class=\"_ _7\"></span>n or loss a<span class=\"_ _7\"></span>risi<span class=\"_ _7\"></span>ng <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5bd\">from d<span class=\"_ _7\"></span>ereco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d direc<span class=\"_ _7\"></span>tly in profit or l<span class=\"_ _7\"></span>oss. <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs5be\">A financial liability is<span class=\"_ _9\"></span> derecognised when the obligat<span class=\"_ _9\"></span>ion under<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5bf\">that lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y is dis<span class=\"_ _7\"></span>charg<span class=\"_ _7\"></span>ed, canc<span class=\"_ _7\"></span>elle<span class=\"_ _7\"></span>d or expire<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3d ws46 gs5c0\">(<span class=\"_ _9\"></span>d) Inv<span class=\"_ _9\"></span>estment i<span class=\"_ _9\"></span>ncome<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws41 gs5c1\">The total g<span class=\"_ _7\"></span>ain/<span class=\"_ _7\"></span>loss f<span class=\"_ _7\"></span>rom fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets ca<span class=\"_ _7\"></span>rri<span class=\"_ _7\"></span>ed at fair va<span class=\"_ _7\"></span>lue </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws41 gs5c2\">throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s (F<span class=\"_ _7\"></span>VPL) is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed in profit o<span class=\"_ _7\"></span>r loss <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws41 gs5c3\">and d<span class=\"_ _7\"></span>isclos<span class=\"_ _7\"></span>ed in the notes a<span class=\"_ _7\"></span>s investmen<span class=\"_ _7\"></span>t incom<span class=\"_ _7\"></span>e compr<span class=\"_ _7\"></span>ising </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 wsb0 gs5c4\">int<span class=\"_ _9\"></span>erest<span class=\"_ _9\"></span> receiv<span class=\"_ _9\"></span>ed,<span class=\"_ _9\"></span> realised<span class=\"_ _9\"></span> gains/loss<span class=\"_ _9\"></span>es and unr<span class=\"_ _9\"></span>ealised<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls94 wsa9 gs5c5\">gains/los<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs5c6\">(<span class=\"_ _9\"></span>e) Fi<span class=\"_ _9\"></span>nancial liabilities<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs5c7\">At<span class=\"_ _9\"></span> initial recognition<span class=\"_ _9\"></span>, the<span class=\"_ _9\"></span> Group classifies a financial l<span class=\"_ _9\"></span>iabilit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5c8\">at fair va<span class=\"_ _7\"></span>lue and s<span class=\"_ _7\"></span>ubseq<span class=\"_ _7\"></span>uentl<span class=\"_ _7\"></span>y at amor<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cost us<span class=\"_ _7\"></span>ing the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs5c9\">effective int<span class=\"_ _9\"></span>erest ra<span class=\"_ _9\"></span>te me<span class=\"_ _9\"></span>thod.<span class=\"_ _9\"></span> Financial liabilities mainly<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs5ca\">include pa<span class=\"_ _9\"></span>yables t<span class=\"_ _9\"></span>o brok<span class=\"_ _9\"></span>erage cust<span class=\"_ _9\"></span>omers, short<span class=\"_ _9\"></span>-t<span class=\"_ _9\"></span>erm </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs5cb\">borrowings<span class=\"_ _9\"></span>, long-<span class=\"_ _9\"></span>term borrowings<span class=\"_ _9\"></span> and bonds pay<span class=\"_ _9\"></span>able.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5cc\">Whe<span class=\"_ _7\"></span>n all or p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>t of the cur<span class=\"_ _7\"></span>rent obli<span class=\"_ _7\"></span>gations of a fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5cd\">lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y have bee<span class=\"_ _7\"></span>n disch<span class=\"_ _7\"></span>arge<span class=\"_ _7\"></span>d, t<span class=\"_ _9\"></span>he G<span class=\"_ _7\"></span>roup de<span class=\"_ _7\"></span>recog<span class=\"_ _7\"></span>nise<span class=\"_ _7\"></span>s the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs5ce\">por<span class=\"_ _7\"></span>tion<span class=\"_ _9\"></span> of t<span class=\"_ _9\"></span>he financial liability or obligat<span class=\"_ _9\"></span>ion that<span class=\"_ _9\"></span> has been </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5cf\">disc<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>d. The dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rence b<span class=\"_ _7\"></span>etwe<span class=\"_ _7\"></span>en the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g amou<span class=\"_ _7\"></span>nt of<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs5d0\">the derecognised l<span class=\"_ _9\"></span>iability and the considerat<span class=\"_ _9\"></span>ion is recognised<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5d1\">in profit o<span class=\"_ _7\"></span>r loss.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5d2\">Der<span class=\"_ _7\"></span>ivative fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l liabi<span class=\"_ _7\"></span>lities a<span class=\"_ _7\"></span>re mea<span class=\"_ _7\"></span>sured at fa<span class=\"_ _7\"></span>ir value <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5d3\">throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s. All the re<span class=\"_ _7\"></span>lated real<span class=\"_ _7\"></span>ised an<span class=\"_ _7\"></span>d unrea<span class=\"_ _7\"></span>lised </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5d4\">gai<span class=\"_ _7\"></span>ns or los<span class=\"_ _7\"></span>ses an<span class=\"_ _7\"></span>d transac<span class=\"_ _7\"></span>tion cos<span class=\"_ _7\"></span>ts are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls74 ws9a gs5d5\">profit<span class=\"_ _7\"></span> or los<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls38 ws41 gs5d6\">2.<span class=\"_ _7\"></span>8 Cas<span class=\"_ _7\"></span>h and c<span class=\"_ _7\"></span>ash e<span class=\"_ _7\"></span>quiva<span class=\"_ _7\"></span>lents<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs5d7\">The Group has<span class=\"_ _9\"></span> classified cash deposits and short<span class=\"_ _9\"></span>-t<span class=\"_ _9\"></span>erm <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5d8\">high<span class=\"_ _7\"></span>ly liqu<span class=\"_ _7\"></span>id investme<span class=\"_ _7\"></span>nts as cas<span class=\"_ _7\"></span>h and c<span class=\"_ _7\"></span>ash eq<span class=\"_ _7\"></span>uivale<span class=\"_ _7\"></span>nts.<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5d9\">The<span class=\"_ _7\"></span>se as<span class=\"_ _7\"></span>sets are read<span class=\"_ _7\"></span>ily conve<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tible into know<span class=\"_ _7\"></span>n amounts of <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5da\">cas<span class=\"_ _7\"></span>h and are s<span class=\"_ _7\"></span>ubjec<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o in<span class=\"_ _7\"></span>conse<span class=\"_ _7\"></span>quenti<span class=\"_ _7\"></span>al cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n value. <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5db\">Cash e<span class=\"_ _7\"></span>quiva<span class=\"_ _7\"></span>lents are fi<span class=\"_ _7\"></span>nanci<span class=\"_ _7\"></span>al investm<span class=\"_ _7\"></span>ents with l<span class=\"_ _7\"></span>ess tha<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5dc\">three m<span class=\"_ _7\"></span>onths to maturit<span class=\"_ _7\"></span>y at the date of acqu<span class=\"_ _7\"></span>isitio<span class=\"_ _7\"></span>n.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls39 ws43 gs5dd\">2.9 Der<span class=\"_ _7\"></span>ivativ<span class=\"_ _9\"></span>e financial instrument<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5de\">Der<span class=\"_ _7\"></span>ivatives a<span class=\"_ _7\"></span>re initia<span class=\"_ _7\"></span>lly rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed at fair va<span class=\"_ _7\"></span>lue on the d<span class=\"_ _7\"></span>ate on<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5df\">whi<span class=\"_ _7\"></span>ch a der<span class=\"_ _7\"></span>ivative contr<span class=\"_ _7\"></span>act is entere<span class=\"_ _7\"></span>d into and are su<span class=\"_ _7\"></span>bsequ<span class=\"_ _7\"></span>ently </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5e0\">value<span class=\"_ _7\"></span>d at fair val<span class=\"_ _7\"></span>ue at eac<span class=\"_ _7\"></span>h balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et date. F<span class=\"_ _9\"></span>ai<span class=\"_ _7\"></span>r value<span class=\"_ _7\"></span>s are </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls8b ws41 gs5e1\">obtai<span class=\"_ _7\"></span>ned from q<span class=\"_ _7\"></span>uoted mar<span class=\"_ _7\"></span>ket v<span class=\"_ _9\"></span>al<span class=\"_ _7\"></span>ues a<span class=\"_ _7\"></span>nd, if these a<span class=\"_ _7\"></span>re not availab<span class=\"_ _7\"></span>le, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls6e ws43 gs5e2\">valuation<span class=\"_ _9\"></span> techniques including op<span class=\"_ _9\"></span>tion pricing models are used<span class=\"_ _9\"></span> as </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls77 ws41 gs5e3\">app<span class=\"_ _7\"></span>ropriate. The m<span class=\"_ _7\"></span>ethod of rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ing the res<span class=\"_ _7\"></span>ulting g<span class=\"_ _7\"></span>ain or los<span class=\"_ _7\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5e4\">dep<span class=\"_ _7\"></span>ends o<span class=\"_ _7\"></span>n whethe<span class=\"_ _7\"></span>r the der<span class=\"_ _7\"></span>ivative is de<span class=\"_ _7\"></span>sign<span class=\"_ _7\"></span>ated as a hed<span class=\"_ _7\"></span>ging </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5e5\">instr<span class=\"_ _7\"></span>ument a<span class=\"_ _7\"></span>nd, if so, the nature of the item be<span class=\"_ _7\"></span>ing he<span class=\"_ _7\"></span>dged. For </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls78 ws41 gs5e6\">der<span class=\"_ _7\"></span>ivatives n<span class=\"_ _7\"></span>ot formal<span class=\"_ _7\"></span>ly des<span class=\"_ _7\"></span>ignated as a h<span class=\"_ _7\"></span>edgin<span class=\"_ _7\"></span>g instru<span class=\"_ _7\"></span>ment, fair </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5e7\">value c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>es are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised im<span class=\"_ _7\"></span>mediatel<span class=\"_ _7\"></span>y in the con<span class=\"_ _7\"></span>solid<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5e8\">inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt. Change<span class=\"_ _7\"></span>s in the val<span class=\"_ _7\"></span>ue of der<span class=\"_ _7\"></span>ivatives an<span class=\"_ _7\"></span>d </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls18 ws44 gs5e9\">other<span class=\"_ _9\"></span> financial instruments<span class=\"_ _9\"></span> formally designat<span class=\"_ _9\"></span>ed as hedges of<span class=\"_ _9\"></span> net </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls77 ws41 gs5ea\">investme<span class=\"_ _7\"></span>nts in forei<span class=\"_ _7\"></span>gn ope<span class=\"_ _7\"></span>rations are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in th<span class=\"_ _7\"></span>e curre<span class=\"_ _7\"></span>ncy </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls78 ws41 gs5eb\">trans<span class=\"_ _7\"></span>lation res<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ve to the extent they a<span class=\"_ _7\"></span>re ef<span class=\"_ _7\"></span>fective; gain<span class=\"_ _7\"></span>s or loss<span class=\"_ _7\"></span>es </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5ec\">relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o the i<span class=\"_ _7\"></span>nef<span class=\"_ _7\"></span>fective p<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tion of the he<span class=\"_ _7\"></span>dging i<span class=\"_ _7\"></span>nstrum<span class=\"_ _7\"></span>ents are </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5ed\">reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d imme<span class=\"_ _7\"></span>diately in th<span class=\"_ _7\"></span>e conso<span class=\"_ _7\"></span>lidated inc<span class=\"_ _7\"></span>ome statem<span class=\"_ _7\"></span>ent.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5ee\">The G<span class=\"_ _7\"></span>roup had n<span class=\"_ _7\"></span>o deri<span class=\"_ _7\"></span>vative instru<span class=\"_ _7\"></span>ments d<span class=\"_ _7\"></span>esign<span class=\"_ _7\"></span>ated for hed<span class=\"_ _7\"></span>ge </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs5ef\">accounting during<span class=\"_ _9\"></span> the current and prior financial y<span class=\"_ _9\"></span>ear<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls38 ws41 gs5f0\">2.<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>0 Own s<span class=\"_ _7\"></span>har<span class=\"_ _7\"></span>es<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs5f1\">Where any<span class=\"_ _9\"></span> Group company<span class=\"_ _9\"></span> purchases the P<span class=\"_ _9\"></span>arent Compan<span class=\"_ _9\"></span>y\u2019<span class=\"_ _a\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5f2\">equ<span class=\"_ _7\"></span>ity s<span class=\"_ _7\"></span>hare ca<span class=\"_ _7\"></span>pita<span class=\"_ _7\"></span>l (<span class=\"_ _9\"></span>own sh<span class=\"_ _7\"></span>ares)<span class=\"_ _9\"></span>, the co<span class=\"_ _7\"></span>nside<span class=\"_ _7\"></span>ration pa<span class=\"_ _7\"></span>id,<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5f3\">incl<span class=\"_ _7\"></span>uding a<span class=\"_ _7\"></span>ny directl<span class=\"_ _7\"></span>y attri<span class=\"_ _7\"></span>butab<span class=\"_ _7\"></span>le incre<span class=\"_ _7\"></span>menta<span class=\"_ _7\"></span>l costs (net of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5f4\">inco<span class=\"_ _7\"></span>me ta<span class=\"_ _7\"></span>xes) is dedu<span class=\"_ _7\"></span>cted from e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble to the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs5f5\">Company\u2019<span class=\"_ _a\"></span>s owners on<span class=\"_ _9\"></span> consolidation<span class=\"_ _9\"></span>. Where such shar<span class=\"_ _9\"></span>es are </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5f6\">subs<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>ntly sold, re<span class=\"_ _7\"></span>issue<span class=\"_ _7\"></span>d or other<span class=\"_ _7\"></span>wi<span class=\"_ _7\"></span>se disp<span class=\"_ _7\"></span>osed of, any<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5f7\">cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>ation rec<span class=\"_ _7\"></span>eived is i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>ed in eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y attri<span class=\"_ _7\"></span>butab<span class=\"_ _7\"></span>le to the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5f8\">Com<span class=\"_ _7\"></span>pany\u2019<span class=\"_ _9\"></span>s owners, n<span class=\"_ _7\"></span>et of any direc<span class=\"_ _7\"></span>tly attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble inc<span class=\"_ _7\"></span>rement<span class=\"_ _7\"></span>al <span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5f9\">trans<span class=\"_ _7\"></span>action c<span class=\"_ _7\"></span>osts and th<span class=\"_ _7\"></span>e related ta<span class=\"_ _7\"></span>x ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>ts.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls3d ws46 gs5fb\">2.<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span> Insurance and reinsura<span class=\"_ _7\"></span>nce con<span class=\"_ _9\"></span>tract<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs5fc\">The accounting polic<span class=\"_ _9\"></span>y set out below<span class=\"_ _9\"></span> is applicable to<span class=\"_ _9\"></span> insurance </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5fd\">and re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts that are i<span class=\"_ _7\"></span>ssue<span class=\"_ _7\"></span>d by the Group <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs5fe\">and reinsurance<span class=\"_ _9\"></span> contracts<span class=\"_ _9\"></span> held by<span class=\"_ _9\"></span> the Group unless<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs5ff\">indicat<span class=\"_ _9\"></span>ed otherw<span class=\"_ _7\"></span>ise<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs600\">(<span class=\"_ _9\"></span>a) Classification<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs601\">Insurance cont<span class=\"_ _9\"></span>racts ar<span class=\"_ _9\"></span>e defined as t<span class=\"_ _9\"></span>hose containing si<span class=\"_ _9\"></span>gnificant </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs602\">insu<span class=\"_ _7\"></span>rance r<span class=\"_ _7\"></span>isk. Si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant insu<span class=\"_ _7\"></span>rance r<span class=\"_ _7\"></span>isk cr<span class=\"_ _7\"></span>iteria a<span class=\"_ _7\"></span>re met if,<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs603\">and o<span class=\"_ _7\"></span>nly if, an insure<span class=\"_ _7\"></span>d event cou<span class=\"_ _7\"></span>ld caus<span class=\"_ _7\"></span>e an insu<span class=\"_ _7\"></span>rer to make </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs604\">significant additional pa<span class=\"_ _9\"></span>yments in an<span class=\"_ _9\"></span>y scenario, e<span class=\"_ _9\"></span>xcluding<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs605\">sce<span class=\"_ _7\"></span>nari<span class=\"_ _7\"></span>os that lac<span class=\"_ _7\"></span>k comme<span class=\"_ _7\"></span>rcial s<span class=\"_ _7\"></span>ubsta<span class=\"_ _7\"></span>nce, at the ince<span class=\"_ _7\"></span>ption <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs606\">of t<span class=\"_ _9\"></span>he contra<span class=\"_ _9\"></span>ct. Such<span class=\"_ _9\"></span> contract<span class=\"_ _9\"></span>s remain insurance<span class=\"_ _9\"></span> contracts<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs607\">until al<span class=\"_ _7\"></span>l rights a<span class=\"_ _7\"></span>nd obli<span class=\"_ _7\"></span>gations a<span class=\"_ _7\"></span>re exting<span class=\"_ _7\"></span>uishe<span class=\"_ _7\"></span>d or expire.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs608\">The G<span class=\"_ _7\"></span>roup is<span class=\"_ _7\"></span>sues s<span class=\"_ _7\"></span>hor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-term ca<span class=\"_ _7\"></span>sualt<span class=\"_ _7\"></span>y an<span class=\"_ _7\"></span>d proper<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs609\">(r<span class=\"_ _9\"></span>e)in<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s in the<span class=\"_ _9\"></span> normal course of<span class=\"_ _9\"></span> business, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs60a\">und<span class=\"_ _7\"></span>er whic<span class=\"_ _7\"></span>h it acc<span class=\"_ _7\"></span>epts sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt insura<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk from i<span class=\"_ _7\"></span>ts<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs60b\">poli<span class=\"_ _7\"></span>cyhol<span class=\"_ _7\"></span>ders. T<span class=\"_ _7\"></span>he Grou<span class=\"_ _7\"></span>p also e<span class=\"_ _7\"></span>nters into cede<span class=\"_ _7\"></span>d reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs60c\">contra<span class=\"_ _7\"></span>cts with rei<span class=\"_ _7\"></span>nsurer<span class=\"_ _7\"></span>s, unde<span class=\"_ _7\"></span>r which th<span class=\"_ _7\"></span>e Group tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs60d\">sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt insura<span class=\"_ _7\"></span>nce r<span class=\"_ _7\"></span>isk to reinsure<span class=\"_ _7\"></span>rs an<span class=\"_ _7\"></span>d is comp<span class=\"_ _7\"></span>ensated <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs60e\">for claims<span class=\"_ _9\"></span> on contract<span class=\"_ _9\"></span>s issued b<span class=\"_ _9\"></span>y the Group<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs60f\">(b<span class=\"_ _9\"></span>) Separating<span class=\"_ _9\"></span> components<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs610\">The Group assesses its insurance and r<span class=\"_ _9\"></span>einsurance products<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs611\">t<span class=\"_ _9\"></span>o determine<span class=\"_ _9\"></span> whether the<span class=\"_ _9\"></span>y contain dist<span class=\"_ _9\"></span>inct components<span class=\"_ _9\"></span> which </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs612\">must b<span class=\"_ _7\"></span>e accou<span class=\"_ _7\"></span>nted for unde<span class=\"_ _7\"></span>r anothe<span class=\"_ _7\"></span>r IFRS instead of un<span class=\"_ _7\"></span>der </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs613\">IFRS 1<span class=\"_ _a\"></span>7<span class=\"_ _20\"></span>. Af<span class=\"_ _7\"></span>ter se<span class=\"_ _7\"></span>paratin<span class=\"_ _7\"></span>g any distin<span class=\"_ _7\"></span>ct comp<span class=\"_ _7\"></span>onents, the G<span class=\"_ _7\"></span>roup </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs614\">app<span class=\"_ _7\"></span>lies IFR<span class=\"_ _7\"></span>S 1<span class=\"_ _a\"></span>7 t<span class=\"_ _9\"></span>o al<span class=\"_ _7\"></span>l remai<span class=\"_ _7\"></span>ning co<span class=\"_ _7\"></span>mpone<span class=\"_ _7\"></span>nts of the (host) </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs615\">insurance cont<span class=\"_ _9\"></span>ract<span class=\"_ _9\"></span>. Currently<span class=\"_ _a\"></span>, the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> products do<span class=\"_ _9\"></span> not<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs616\">include any di<span class=\"_ _9\"></span>stinct components t<span class=\"_ _9\"></span>hat require<span class=\"_ _9\"></span> separation.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs617\">Some reinsur<span class=\"_ _9\"></span>ance contract<span class=\"_ _9\"></span>s issued contain pr<span class=\"_ _9\"></span>ofit commission<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls21 ws99 gs618\">arrangem<span class=\"_ _9\"></span>ents<span class=\"_ _9\"></span>. Under<span class=\"_ _9\"></span> these<span class=\"_ _9\"></span> arrangemen<span class=\"_ _9\"></span>ts<span class=\"_ _9\"></span>, th<span class=\"_ _9\"></span>ere is<span class=\"_ _9\"></span> a<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs619\">guaranteed minimum<span class=\"_ _9\"></span> amount that t<span class=\"_ _9\"></span>he policyholder will alwa<span class=\"_ _9\"></span>ys </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs61a\">receive \u2013<span class=\"_ _9\"></span> either in the<span class=\"_ _9\"></span> form of<span class=\"_ _9\"></span> profit commission<span class=\"_ _9\"></span>, or as clai<span class=\"_ _9\"></span>ms,<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs61b\">or an<span class=\"_ _7\"></span>other contr<span class=\"_ _7\"></span>actual pay<span class=\"_ _7\"></span>ment ir<span class=\"_ _7\"></span>respe<span class=\"_ _7\"></span>ctive of the in<span class=\"_ _7\"></span>sured </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs61c\">event<span class=\"_ _9\"></span> happening. The guarant<span class=\"_ _9\"></span>eed minimum amounts ha<span class=\"_ _9\"></span>ve </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs61d\">bee<span class=\"_ _7\"></span>n ass<span class=\"_ _7\"></span>esse<span class=\"_ _7\"></span>d to be highl<span class=\"_ _7\"></span>y interrel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed w<span class=\"_ _7\"></span>ith the ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs61e\">component of<span class=\"_ _9\"></span> the reinsur<span class=\"_ _9\"></span>ance contract<span class=\"_ _9\"></span>s and are<span class=\"_ _9\"></span>, there<span class=\"_ _9\"></span>fore<span class=\"_ _9\"></span>, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs61f\">non-distinct<span class=\"_ _9\"></span> investment<span class=\"_ _9\"></span> components which are no<span class=\"_ _9\"></span>t accounted<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs620\">for se<span class=\"_ _7\"></span>parately<span class=\"_ _9\"></span>. However<span class=\"_ _a\"></span>, re<span class=\"_ _7\"></span>ceipts an<span class=\"_ _7\"></span>d paymen<span class=\"_ _7\"></span>ts of these </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs621\">inv<span class=\"_ _9\"></span>estment components<span class=\"_ _9\"></span> are ex<span class=\"_ _9\"></span>cluded from<span class=\"_ _9\"></span> insurance <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls21 ws99 gs622\">service re<span class=\"_ _9\"></span>venue<span class=\"_ _9\"></span> and e<span class=\"_ _9\"></span>xpenses<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gs623\">(c<span class=\"_ _9\"></span>) Level of agg<span class=\"_ _7\"></span>regation<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs624\">Insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts a<span class=\"_ _7\"></span>re aggreg<span class=\"_ _7\"></span>ated into groups for </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs625\">mea<span class=\"_ _7\"></span>surem<span class=\"_ _7\"></span>ent pur<span class=\"_ _7\"></span>pose<span class=\"_ _7\"></span>s. The leve<span class=\"_ _7\"></span>l of aggregati<span class=\"_ _7\"></span>on for the <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs626\">Grou<span class=\"_ _7\"></span>p is determi<span class=\"_ _7\"></span>ned fir<span class=\"_ _7\"></span>stly by groupi<span class=\"_ _7\"></span>ng contra<span class=\"_ _7\"></span>cts into por<span class=\"_ _7\"></span>tfo<span class=\"_ _7\"></span>lios </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs627\">whi<span class=\"_ _7\"></span>ch, with som<span class=\"_ _7\"></span>e limited exceptio<span class=\"_ _7\"></span>ns, are set as the re<span class=\"_ _7\"></span>ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ing </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs628\">classes of each<span class=\"_ _9\"></span> legal entity<span class=\"_ _9\"></span>. P<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>tfolios comprise<span class=\"_ _9\"></span> groups o<span class=\"_ _9\"></span>f </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs629\">contra<span class=\"_ _7\"></span>cts with si<span class=\"_ _7\"></span>milar r<span class=\"_ _7\"></span>isks wh<span class=\"_ _7\"></span>ich are ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>og<span class=\"_ _7\"></span>ether<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs62a\">Portfolios are further divided based on e<span class=\"_ _9\"></span>xpected pro<span class=\"_ _9\"></span>fitability <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs62b\">at incep<span class=\"_ _9\"></span>tion int<span class=\"_ _9\"></span>o t<span class=\"_ _9\"></span>hree cat<span class=\"_ _9\"></span>egorie<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>: onerous<span class=\"_ _9\"></span> contracts<span class=\"_ _9\"></span>, <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs62c\">contract<span class=\"_ _9\"></span>s with no<span class=\"_ _9\"></span> significant risk o<span class=\"_ _9\"></span>f becoming onerous,<span class=\"_ _9\"></span> and<span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs62d\">the rem<span class=\"_ _7\"></span>ainde<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>. No g<span class=\"_ _7\"></span>roup for level of ag<span class=\"_ _7\"></span>gregatio<span class=\"_ _7\"></span>n purp<span class=\"_ _7\"></span>oses <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs62e\">may cont<span class=\"_ _7\"></span>ain contr<span class=\"_ _7\"></span>acts issu<span class=\"_ _7\"></span>ed more th<span class=\"_ _7\"></span>an one ye<span class=\"_ _7\"></span>ar apa<span class=\"_ _7\"></span>rt. <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs62f\">The grouping<span class=\"_ _9\"></span> of cont<span class=\"_ _9\"></span>racts is<span class=\"_ _9\"></span> not subsequent<span class=\"_ _9\"></span>ly reconsidered.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs630\">A group of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts is cons<span class=\"_ _7\"></span>idere<span class=\"_ _7\"></span>d to be onerou<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs631\">at initi<span class=\"_ _7\"></span>al reco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n if the fu<span class=\"_ _7\"></span>lfilme<span class=\"_ _7\"></span>nt cash fl<span class=\"_ _7\"></span>ows alloc<span class=\"_ _7\"></span>ated to<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs632\">that grou<span class=\"_ _7\"></span>p of contracts in total a<span class=\"_ _7\"></span>re a net out<span class=\"_ _7\"></span>flow<span class=\"_ _9\"></span>. That is i<span class=\"_ _7\"></span>f the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs633\">pres<span class=\"_ _7\"></span>ent valu<span class=\"_ _7\"></span>e of expected c<span class=\"_ _7\"></span>laims, at<span class=\"_ _7\"></span>tribu<span class=\"_ _7\"></span>tabl<span class=\"_ _7\"></span>e expens<span class=\"_ _7\"></span>es and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs634\">ris<span class=\"_ _7\"></span>k adjustm<span class=\"_ _7\"></span>ent exceed<span class=\"_ _7\"></span>s the premi<span class=\"_ _7\"></span>um.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs635\">Por<span class=\"_ _7\"></span>tfol<span class=\"_ _7\"></span>ios of reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts held a<span class=\"_ _7\"></span>re asse<span class=\"_ _7\"></span>ssed fo<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs636\">aggre<span class=\"_ _7\"></span>gation se<span class=\"_ _7\"></span>paratel<span class=\"_ _7\"></span>y from por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio<span class=\"_ _7\"></span>s of insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs637\">issued. Rein<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s held cannot<span class=\"_ _9\"></span> be onerous.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs638\">(<span class=\"_ _9\"></span>d) Recognition and derecognit<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs639\">Grou<span class=\"_ _7\"></span>ps of insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts iss<span class=\"_ _7\"></span>ued are i<span class=\"_ _7\"></span>nitial<span class=\"_ _7\"></span>ly reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs63a\">from th<span class=\"_ _7\"></span>e earl<span class=\"_ _7\"></span>iest of the fo<span class=\"_ _7\"></span>llowing:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs63b\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs63c\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the beg<span class=\"_ _7\"></span>inning of the c<span class=\"_ _7\"></span>overage p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gs63d\">A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the date wh<span class=\"_ _7\"></span>en the fir<span class=\"_ _7\"></span>st payme<span class=\"_ _7\"></span>nt from the po<span class=\"_ _7\"></span>licyh<span class=\"_ _7\"></span>olde<span class=\"_ _7\"></span>r is </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs63e\">due, or ac<span class=\"_ _7\"></span>tually re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>ved if there i<span class=\"_ _7\"></span>s no due date; and </div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs63f\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs640\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>when th<span class=\"_ _7\"></span>e Group de<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>s that a group of c<span class=\"_ _7\"></span>ontracts </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs641\">becomes onerous.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs642\">Insurance cont<span class=\"_ _9\"></span>racts a<span class=\"_ _9\"></span>cquired in a<span class=\"_ _9\"></span> business combination<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs643\">withi<span class=\"_ _7\"></span>n the scop<span class=\"_ _7\"></span>e of IFRS 3 <span class=\"ff68 ls7c ws89\">Business Combinations</span><span class=\"ls8 wsb4\"> or a <span class=\"_ _7\"></span><span class=\"ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs644\">por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio tra<span class=\"_ _7\"></span>nsfer are a<span class=\"_ _7\"></span>ccou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed fo<span class=\"_ _7\"></span>r as if they were e<span class=\"_ _7\"></span>ntered <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs645\">into at the date of acquis<span class=\"_ _7\"></span>ition or tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs646\">Rei<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts held a<span class=\"_ _7\"></span>re reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as follows:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs647\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs648\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>a group of rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contrac<span class=\"_ _7\"></span>ts held th<span class=\"_ _7\"></span>at provide </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs649\">propo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tionate coverag<span class=\"_ _7\"></span>e is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d at the later of the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs64a\">follo<span class=\"_ _9\"></span>wing dat<span class=\"_ _9\"></span>es (unless underlying con<span class=\"_ _9\"></span>tracts<span class=\"_ _9\"></span> are onerous<span class=\"_ _9\"></span>, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs64b\">in which case earlier recognition is r<span class=\"_ _9\"></span>equired)<span class=\"_ _9\"></span>: </div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws22a gs64c\"> A<span class=\"ff5f ls77 ws41\"> <span class=\"_ _24\"></span>th<span class=\"_ _7\"></span>e begi<span class=\"_ _7\"></span>nning of the c<span class=\"_ _7\"></span>overage pe<span class=\"_ _7\"></span>rio<span class=\"_ _7\"></span>d of the group; and </span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws22a gs64d\"> A<span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>the initial r<span class=\"_ _9\"></span>ecognition of<span class=\"_ _9\"></span> any underlying <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls73 ws48 gs64e\">insurance co<span class=\"_ _7\"></span>ntract<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs64f\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs650\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>all other g<span class=\"_ _7\"></span>roups of reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts held a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs651\">reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d from the b<span class=\"_ _7\"></span>egin<span class=\"_ _7\"></span>ning of the cover<span class=\"_ _7\"></span>age pe<span class=\"_ _7\"></span>riod <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs652\">of t<span class=\"_ _9\"></span>he group o<span class=\"_ _9\"></span>f reinsurance<span class=\"_ _9\"></span> contracts<span class=\"_ _9\"></span> held;<span class=\"_ _9\"></span> unless the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs653\">Grou<span class=\"_ _7\"></span>p entered into the rei<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce contr<span class=\"_ _7\"></span>act hel<span class=\"_ _7\"></span>d at or </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs654\">before the d<span class=\"_ _7\"></span>ate when an o<span class=\"_ _7\"></span>nerou<span class=\"_ _7\"></span>s group of und<span class=\"_ _7\"></span>erl<span class=\"_ _7\"></span>ying </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs655\">contra<span class=\"_ _7\"></span>cts is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d prio<span class=\"_ _7\"></span>r t<span class=\"_ _9\"></span>o the b<span class=\"_ _7\"></span>egin<span class=\"_ _7\"></span>ning of the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs656\">coverag<span class=\"_ _7\"></span>e per<span class=\"_ _7\"></span>iod of the grou<span class=\"_ _7\"></span>p of reinsura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs657\">hel<span class=\"_ _7\"></span>d, in which c<span class=\"_ _7\"></span>ase the re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntract he<span class=\"_ _7\"></span>ld is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs658\">reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d at the sa<span class=\"_ _7\"></span>me time as th<span class=\"_ _7\"></span>e group of und<span class=\"_ _7\"></span>erly<span class=\"_ _7\"></span>ing </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs659\">insurance cont<span class=\"_ _9\"></span>racts is<span class=\"_ _9\"></span> recognised.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs65a\">Onl<span class=\"_ _7\"></span>y contrac<span class=\"_ _7\"></span>ts that indi<span class=\"_ _7\"></span>vidua<span class=\"_ _7\"></span>lly me<span class=\"_ _7\"></span>et the rec<span class=\"_ _7\"></span>ognitio<span class=\"_ _7\"></span>n criter<span class=\"_ _7\"></span>ia </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs65b\">by the end of the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d are incl<span class=\"_ _7\"></span>uded i<span class=\"_ _7\"></span>n the groups. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs65c\">When contract<span class=\"_ _9\"></span>s meet the<span class=\"_ _9\"></span> recognition crit<span class=\"_ _9\"></span>eria in the gr<span class=\"_ _9\"></span>oups after<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs65d\">the rep<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>ting date, they are adde<span class=\"_ _7\"></span>d to the groups in th<span class=\"_ _7\"></span>e repor<span class=\"_ _7\"></span>ting </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs65e\">period in which t<span class=\"_ _9\"></span>hey meet t<span class=\"_ _9\"></span>he recognition crit<span class=\"_ _9\"></span>eria. Composition<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs65f\">of t<span class=\"_ _9\"></span>he groups is<span class=\"_ _9\"></span> not reassessed in subsequent periods.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs660\">An in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>ct is dere<span class=\"_ _7\"></span>cog<span class=\"_ _7\"></span>nised w<span class=\"_ _7\"></span>hen it i<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs661\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs662\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>exting<span class=\"_ _7\"></span>uishe<span class=\"_ _7\"></span>d (that is, whe<span class=\"_ _7\"></span>n the obli<span class=\"_ _7\"></span>gation sp<span class=\"_ _7\"></span>ecifi<span class=\"_ _7\"></span>ed in the </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls78 ws41 gs663\">insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontract exp<span class=\"_ _7\"></span>ires or i<span class=\"_ _7\"></span>s disch<span class=\"_ _7\"></span>arged o<span class=\"_ _7\"></span>r canc<span class=\"_ _7\"></span>elle<span class=\"_ _7\"></span>d)<span class=\"_ _9\"></span>; or<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs664\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs665\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the contrac<span class=\"_ _7\"></span>t is modi<span class=\"_ _7\"></span>fied suc<span class=\"_ _7\"></span>h that the mod<span class=\"_ _7\"></span>ificatio<span class=\"_ _7\"></span>n resul<span class=\"_ _7\"></span>ts<span class=\"_ _9\"></span> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs666\">in a cha<span class=\"_ _7\"></span>nge in th<span class=\"_ _7\"></span>e meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt mode<span class=\"_ _7\"></span>l, for example: </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs667\">GMM, o<span class=\"_ _7\"></span>r the appl<span class=\"_ _7\"></span>icab<span class=\"_ _7\"></span>le stand<span class=\"_ _7\"></span>ard for me<span class=\"_ _7\"></span>asur<span class=\"_ _7\"></span>ing a </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs668\">component of<span class=\"_ _9\"></span> the cont<span class=\"_ _9\"></span>ract,<span class=\"_ _9\"></span> substantially<span class=\"_ _9\"></span> changes the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs669\">contract<span class=\"_ _9\"></span> boundar<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, or requir<span class=\"_ _9\"></span>es the modified cont<span class=\"_ _9\"></span>racts<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs66a\">to be inclu<span class=\"_ _7\"></span>ded in a di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferent g<span class=\"_ _7\"></span>roup.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs66b\">Whe<span class=\"_ _7\"></span>n a modi<span class=\"_ _7\"></span>fication i<span class=\"_ _7\"></span>s not treated as a de<span class=\"_ _7\"></span>recog<span class=\"_ _7\"></span>nition, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs66c\">the Gro<span class=\"_ _7\"></span>up reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>s amou<span class=\"_ _7\"></span>nts paid or re<span class=\"_ _7\"></span>ceive<span class=\"_ _7\"></span>d for the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs66d\">modi<span class=\"_ _7\"></span>fication of th<span class=\"_ _7\"></span>e contract a<span class=\"_ _7\"></span>s an adju<span class=\"_ _7\"></span>stment to the rel<span class=\"_ _7\"></span>evant </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs66e\">liability or asset f<span class=\"_ _9\"></span>or remaining co<span class=\"_ _9\"></span>verage<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs66f\">Whe<span class=\"_ _7\"></span>n a group of ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts is dere<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs670\">adju<span class=\"_ _7\"></span>stments to remove related r<span class=\"_ _7\"></span>ights an<span class=\"_ _7\"></span>d oblig<span class=\"_ _7\"></span>ations res<span class=\"_ _7\"></span>ult </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs671\">in the foll<span class=\"_ _7\"></span>owing am<span class=\"_ _7\"></span>ounts be<span class=\"_ _7\"></span>ing cha<span class=\"_ _7\"></span>rged im<span class=\"_ _7\"></span>medi<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>el<span class=\"_ _7\"></span>y to the<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs672\">cons<span class=\"_ _7\"></span>olidated i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs673\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs674\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>if the contr<span class=\"_ _7\"></span>act is ex<span class=\"_ _7\"></span>tinguis<span class=\"_ _7\"></span>hed, any net d<span class=\"_ _7\"></span>if<span class=\"_ _7\"></span>feren<span class=\"_ _7\"></span>ce bet<span class=\"_ _7\"></span>ween </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs675\">the derecognised p<span class=\"_ _9\"></span>ar<span class=\"_ _7\"></span>t of<span class=\"_ _9\"></span> the liability for<span class=\"_ _9\"></span> remaining<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs677\">coverag<span class=\"_ _7\"></span>e (LRC) of the ori<span class=\"_ _7\"></span>ginal c<span class=\"_ _7\"></span>ontract a<span class=\"_ _7\"></span>nd any other <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs678\">cash flows arising<span class=\"_ _9\"></span> from extinguishment<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs679\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs67a\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>if the contr<span class=\"_ _7\"></span>act is trans<span class=\"_ _7\"></span>ferre<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o the thi<span class=\"_ _7\"></span>rd par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, any ne<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs67b\">dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rence b<span class=\"_ _7\"></span>etwee<span class=\"_ _7\"></span>n the dere<span class=\"_ _7\"></span>cog<span class=\"_ _7\"></span>nised pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t of the LRC <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs67c\">of the ori<span class=\"_ _7\"></span>ginal c<span class=\"_ _7\"></span>ontract a<span class=\"_ _7\"></span>nd the pre<span class=\"_ _7\"></span>mium ch<span class=\"_ _7\"></span>arged by the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs67d\">third pa<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>y; or<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs67e\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs67f\"> <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>if t<span class=\"_ _9\"></span>he original cont<span class=\"_ _9\"></span>ract is modified r<span class=\"_ _9\"></span>esulting in it<span class=\"_ _9\"></span>s </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs680\">derecognition<span class=\"_ _9\"></span>, any net<span class=\"_ _9\"></span> dif<span class=\"_ _7\"></span>ference be<span class=\"_ _9\"></span>tween the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs681\">dere<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t of the LRC and th<span class=\"_ _7\"></span>e hypothetic<span class=\"_ _7\"></span>al </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs682\">prem<span class=\"_ _7\"></span>ium that the e<span class=\"_ _7\"></span>ntity wo<span class=\"_ _7\"></span>uld have cha<span class=\"_ _7\"></span>rged if i<span class=\"_ _7\"></span>t had </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs683\">entered i<span class=\"_ _7\"></span>nto a contract wi<span class=\"_ _7\"></span>th equi<span class=\"_ _7\"></span>valent ter<span class=\"_ _7\"></span>ms as the <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs684\">new co<span class=\"_ _7\"></span>ntract at the date of the co<span class=\"_ _7\"></span>ntract mod<span class=\"_ _7\"></span>ificatio<span class=\"_ _7\"></span>n,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs685\">less any additional<span class=\"_ _9\"></span> premium charged for t<span class=\"_ _9\"></span>he modification<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs686\">(<span class=\"_ _9\"></span>e) Con<span class=\"_ _9\"></span>tract boundary<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs687\">The G<span class=\"_ _7\"></span>roup us<span class=\"_ _7\"></span>es the co<span class=\"_ _7\"></span>ncept of co<span class=\"_ _7\"></span>ntract bou<span class=\"_ _7\"></span>ndar<span class=\"_ _7\"></span>y to determ<span class=\"_ _7\"></span>ine </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs688\">what c<span class=\"_ _7\"></span>ash flows s<span class=\"_ _7\"></span>hould be c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered i<span class=\"_ _7\"></span>n the mea<span class=\"_ _7\"></span>sureme<span class=\"_ _7\"></span>nt </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs689\">of groups of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts. Cash flows a<span class=\"_ _7\"></span>re within th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs68a\">boun<span class=\"_ _7\"></span>dar<span class=\"_ _7\"></span>y of an in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>ct if they ar<span class=\"_ _7\"></span>ise fro<span class=\"_ _7\"></span>m substa<span class=\"_ _7\"></span>ntive </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs68b\">rig<span class=\"_ _7\"></span>hts and obl<span class=\"_ _7\"></span>igations th<span class=\"_ _7\"></span>at exist du<span class=\"_ _7\"></span>ring the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs68c\">in whi<span class=\"_ _7\"></span>ch the Gro<span class=\"_ _7\"></span>up can c<span class=\"_ _7\"></span>ompe<span class=\"_ _7\"></span>l the poli<span class=\"_ _7\"></span>cyhol<span class=\"_ _7\"></span>der to pay the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs68d\">prem<span class=\"_ _7\"></span>iums, or in w<span class=\"_ _7\"></span>hich the G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s a substa<span class=\"_ _7\"></span>ntive oblig<span class=\"_ _7\"></span>ation to </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs68e\">provid<span class=\"_ _7\"></span>e the polic<span class=\"_ _7\"></span>yhold<span class=\"_ _7\"></span>er wi<span class=\"_ _7\"></span>th ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ces. A sub<span class=\"_ _7\"></span>stantive ob<span class=\"_ _7\"></span>ligatio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs68f\">to provide se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice<span class=\"_ _7\"></span>s ends w<span class=\"_ _7\"></span>hen:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs690\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs691\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the Group h<span class=\"_ _7\"></span>as the prac<span class=\"_ _7\"></span>tical a<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y to reass<span class=\"_ _7\"></span>ess the r<span class=\"_ _7\"></span>isks of </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs692\">the par<span class=\"_ _7\"></span>ti<span class=\"_ _7\"></span>cular p<span class=\"_ _7\"></span>olicy<span class=\"_ _7\"></span>holde<span class=\"_ _7\"></span>r and, as a re<span class=\"_ _7\"></span>sult, can set a p<span class=\"_ _7\"></span>rice </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs693\">or level of b<span class=\"_ _7\"></span>enefits th<span class=\"_ _7\"></span>at full<span class=\"_ _7\"></span>y reflects tho<span class=\"_ _7\"></span>se ris<span class=\"_ _7\"></span>ks<span class=\"_ _9\"></span>; or<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs694\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs695\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>both of the followin<span class=\"_ _7\"></span>g criter<span class=\"_ _7\"></span>ia are satis<span class=\"_ _7\"></span>fied:</span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws22a gs696\"> A<span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s the practi<span class=\"_ _7\"></span>cal ab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y to reasse<span class=\"_ _7\"></span>ss the </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs697\">ris<span class=\"_ _7\"></span>ks of the por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio of insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts that </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs698\">conta<span class=\"_ _7\"></span>in the co<span class=\"_ _7\"></span>ntract and, as a re<span class=\"_ _7\"></span>sult, ca<span class=\"_ _7\"></span>n set a <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs699\">pri<span class=\"_ _7\"></span>ce or level of b<span class=\"_ _7\"></span>enefits th<span class=\"_ _7\"></span>at fully re<span class=\"_ _7\"></span>flects the r<span class=\"_ _7\"></span>isk <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs69a\">of that por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio; and</div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws22a gs69b\"> A<span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the p<span class=\"_ _7\"></span>rici<span class=\"_ _7\"></span>ng of the premi<span class=\"_ _7\"></span>ums for cover<span class=\"_ _7\"></span>age up to <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs69c\">the date whe<span class=\"_ _7\"></span>n the ris<span class=\"_ _7\"></span>ks are rea<span class=\"_ _7\"></span>sses<span class=\"_ _7\"></span>sed do<span class=\"_ _7\"></span>es <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs69d\">not take into acco<span class=\"_ _7\"></span>unt the ris<span class=\"_ _7\"></span>ks that relate to<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs69e\">per<span class=\"_ _7\"></span>iods af<span class=\"_ _7\"></span>ter the re<span class=\"_ _7\"></span>ass<span class=\"_ _7\"></span>essm<span class=\"_ _7\"></span>ent date.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs69f\">A lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y or as<span class=\"_ _7\"></span>set relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o exp<span class=\"_ _7\"></span>ected pre<span class=\"_ _7\"></span>miums o<span class=\"_ _7\"></span>r claim<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6a0\">outsi<span class=\"_ _7\"></span>de the bou<span class=\"_ _7\"></span>ndar<span class=\"_ _7\"></span>y of the i<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce con<span class=\"_ _7\"></span>tract is not </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6a1\">reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d. Such am<span class=\"_ _7\"></span>ounts rel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e to future i<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce contr<span class=\"_ _7\"></span>acts.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gs6a2\">(f<span class=\"_ _7\"></span>) Mea<span class=\"_ _7\"></span>surem<span class=\"_ _7\"></span>ent \u2013 pre<span class=\"_ _7\"></span>mium all<span class=\"_ _7\"></span>ocatio<span class=\"_ _7\"></span>n approac<span class=\"_ _7\"></span>h<span class=\"_ _304\"> </span></div><div class=\"t m0 h4d ff68 fs7 fc3 sc0 ls6d wsaf gs6a3\">Initia<span class=\"_ _7\"></span>l measureme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6a4\">The G<span class=\"_ _7\"></span>roup ap<span class=\"_ _7\"></span>plie<span class=\"_ _7\"></span>s the premi<span class=\"_ _7\"></span>um allo<span class=\"_ _7\"></span>cation a<span class=\"_ _7\"></span>pproach (<span class=\"_ _7\"></span>P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A) <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6a5\">to the major<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y of the insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts that it i<span class=\"_ _7\"></span>ssue<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6a6\">and re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts that it h<span class=\"_ _7\"></span>olds, be<span class=\"_ _7\"></span>cause:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs6a7\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs6a8\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the coverag<span class=\"_ _7\"></span>e peri<span class=\"_ _7\"></span>od of each c<span class=\"_ _7\"></span>ontract in th<span class=\"_ _7\"></span>e group is <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs6a9\">one year or<span class=\"_ _9\"></span> less; or<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs6aa\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs6ab\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>for contrac<span class=\"_ _7\"></span>ts longe<span class=\"_ _7\"></span>r than on<span class=\"_ _7\"></span>e year<span class=\"_ _a\"></span>, th<span class=\"_ _7\"></span>e Group ha<span class=\"_ _7\"></span>s </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs6ac\">modelled possible futur<span class=\"_ _9\"></span>e scenarios and reasonably<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6ad\">expe<span class=\"_ _7\"></span>cts that the me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>ment of the L<span class=\"_ _7\"></span>RC for the <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6ae\">group c<span class=\"_ _7\"></span>ontain<span class=\"_ _7\"></span>ing those c<span class=\"_ _7\"></span>ontracts u<span class=\"_ _7\"></span>nder th<span class=\"_ _7\"></span>e P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6af\">doe<span class=\"_ _7\"></span>s not dif<span class=\"_ _7\"></span>fer m<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>riall<span class=\"_ _7\"></span>y from the m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>rement th<span class=\"_ _7\"></span>at </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs6b0\">would be<span class=\"_ _9\"></span> produced applying the general model.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs6b1\">For in<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s issued,<span class=\"_ _9\"></span> on initial r<span class=\"_ _9\"></span>ecognition, t<span class=\"_ _9\"></span>he Group<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6b2\">mea<span class=\"_ _7\"></span>sures th<span class=\"_ _7\"></span>e LRC as the a<span class=\"_ _7\"></span>mount of pre<span class=\"_ _7\"></span>miums re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>ved, less </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6b3\">any acq<span class=\"_ _7\"></span>uisitio<span class=\"_ _7\"></span>n cash fl<span class=\"_ _7\"></span>ows paid an<span class=\"_ _7\"></span>d any amou<span class=\"_ _7\"></span>nts aris<span class=\"_ _7\"></span>ing from </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs6b4\">the derecognit<span class=\"_ _9\"></span>ion of t<span class=\"_ _9\"></span>he insurance acquisit<span class=\"_ _9\"></span>ion cash flow<span class=\"_ _9\"></span>s asset<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs6b5\">and the<span class=\"_ _9\"></span> derecognition of<span class=\"_ _9\"></span> any ot<span class=\"_ _9\"></span>her relevan<span class=\"_ _9\"></span>t pre-recognition<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws84 gs6b6\">ca<span class=\"_ _7\"></span>sh flow<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs6b7\">For r<span class=\"_ _9\"></span>einsurance contra<span class=\"_ _9\"></span>cts held,<span class=\"_ _9\"></span> on initial r<span class=\"_ _9\"></span>ecognition,<span class=\"_ _9\"></span> the Group<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6b8\">mea<span class=\"_ _7\"></span>sures a<span class=\"_ _7\"></span>ssets for the re<span class=\"_ _7\"></span>main<span class=\"_ _7\"></span>ing coverag<span class=\"_ _7\"></span>e at the amo<span class=\"_ _7\"></span>unt </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6b9\">of ced<span class=\"_ _7\"></span>ing prem<span class=\"_ _7\"></span>iums pa<span class=\"_ _7\"></span>id, plus broker fe<span class=\"_ _7\"></span>es pai<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o a pa<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>y </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6ba\">other tha<span class=\"_ _7\"></span>n the reins<span class=\"_ _7\"></span>urer an<span class=\"_ _7\"></span>d any amou<span class=\"_ _7\"></span>nts aris<span class=\"_ _7\"></span>ing from th<span class=\"_ _7\"></span>e </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs6bb\">derecognition o<span class=\"_ _9\"></span>f any o<span class=\"_ _9\"></span>ther relev<span class=\"_ _9\"></span>ant pre-r<span class=\"_ _9\"></span>ecognition cash flow<span class=\"_ _9\"></span>s.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs6bc\">For in<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s issued,<span class=\"_ _9\"></span> insurance acquisition<span class=\"_ _9\"></span> cash </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6bd\">flows all<span class=\"_ _7\"></span>ocated to a group are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised over th<span class=\"_ _7\"></span>e coverage </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6be\">per<span class=\"_ _7\"></span>iod of con<span class=\"_ _7\"></span>tracts in the gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>. For re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6bf\">hel<span class=\"_ _7\"></span>d, broker fees a<span class=\"_ _7\"></span>re recog<span class=\"_ _7\"></span>nise<span class=\"_ _7\"></span>d ov<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>r the coverage p<span class=\"_ _7\"></span>eri<span class=\"_ _7\"></span>od of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6c0\">contra<span class=\"_ _7\"></span>cts in a group.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls21 ws99 gs6c1\">Subs<span class=\"_ _9\"></span>equent m<span class=\"_ _9\"></span>easuremen<span class=\"_ _9\"></span>t<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6c2\">For insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e contracts i<span class=\"_ _7\"></span>ssue<span class=\"_ _7\"></span>d, at each of the su<span class=\"_ _7\"></span>bsequ<span class=\"_ _7\"></span>ent </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6c3\">repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting dates, the LRC i<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs6c4\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs6c5\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>increased f<span class=\"_ _9\"></span>or premiums received in t<span class=\"_ _9\"></span>he period;<span class=\"_ _304\"> </span></span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gs6c6\">A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>de<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>ed for insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e acquis<span class=\"_ _7\"></span>ition c<span class=\"_ _7\"></span>ash flows pa<span class=\"_ _7\"></span>id in <span class=\"ls8 ws4\"> </span></span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs6c7\">the period<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs6c8\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs6c9\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>decre<span class=\"_ _7\"></span>ased fo<span class=\"_ _7\"></span>r the amou<span class=\"_ _7\"></span>nts of expected p<span class=\"_ _7\"></span>remiu<span class=\"_ _7\"></span>m recei<span class=\"_ _7\"></span>pts<span class=\"_ _9\"></span> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6ca\">reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue for the s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>es </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6cb\">provid<span class=\"_ _7\"></span>ed in the pe<span class=\"_ _7\"></span>riod;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs6cc\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs6cd\"> <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>incr<span class=\"_ _9\"></span>eased for the<span class=\"_ _9\"></span> amor<span class=\"_ _7\"></span>tisat<span class=\"_ _9\"></span>ion of ins<span class=\"_ _9\"></span>urance acquisition<span class=\"_ _9\"></span> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6ce\">cas<span class=\"_ _7\"></span>h flows in the pe<span class=\"_ _7\"></span>riod re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised a<span class=\"_ _7\"></span>s insura<span class=\"_ _7\"></span>nce se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6cf\">expe<span class=\"_ _7\"></span>nses; and d<span class=\"_ _7\"></span>ecrea<span class=\"_ _7\"></span>sed for a<span class=\"_ _7\"></span>ny investment c<span class=\"_ _7\"></span>ompo<span class=\"_ _7\"></span>nent </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs6d0\">paid or t<span class=\"_ _9\"></span>ransferred t<span class=\"_ _9\"></span>o the<span class=\"_ _9\"></span> liability for incurred clai<span class=\"_ _9\"></span>ms.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6d1\">For rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts held, at ea<span class=\"_ _7\"></span>ch of the subs<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>nt </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6d2\">repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting dates, the rem<span class=\"_ _7\"></span>ainin<span class=\"_ _7\"></span>g coverage is:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs6d3\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs6d4\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>increased f<span class=\"_ _9\"></span>or ceding premiums paid in<span class=\"_ _9\"></span> the period;<span class=\"_ _304\"> </span></span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gs6d5\">A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>inc<span class=\"_ _7\"></span>rease<span class=\"_ _7\"></span>d for broker fee<span class=\"_ _7\"></span>s paid i<span class=\"_ _7\"></span>n the per<span class=\"_ _7\"></span>iod;<span class=\"_ _304\"> </span></span></span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gs6d6\">A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>decreased for the e<span class=\"_ _9\"></span>xpected amounts<span class=\"_ _9\"></span> of ceding premiums<span class=\"_ _9\"></span> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6d7\">and b<span class=\"_ _7\"></span>roker fees re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised a<span class=\"_ _7\"></span>s reinsur<span class=\"_ _7\"></span>ance ex<span class=\"_ _7\"></span>pense<span class=\"_ _7\"></span>s for </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6d8\">the se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice<span class=\"_ _7\"></span>s rece<span class=\"_ _7\"></span>ived in the p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span>; an<span class=\"_ _7\"></span>d<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs6d9\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs6da\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>decre<span class=\"_ _7\"></span>ased fo<span class=\"_ _7\"></span>r any investme<span class=\"_ _7\"></span>nt comp<span class=\"_ _7\"></span>onent pa<span class=\"_ _7\"></span>id or </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6db\">trans<span class=\"_ _7\"></span>ferred to the rei<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce as<span class=\"_ _7\"></span>sets for incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs4eb\">The Group does no<span class=\"_ _9\"></span>t adjust<span class=\"_ _9\"></span> the LRC f<span class=\"_ _9\"></span>or insurance cont<span class=\"_ _9\"></span>racts<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws41 gs4ec\">issu<span class=\"_ _7\"></span>ed or the re<span class=\"_ _7\"></span>main<span class=\"_ _7\"></span>ing coverag<span class=\"_ _7\"></span>e for reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts held </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4ed\">for the ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t of the time valu<span class=\"_ _7\"></span>e of money<span class=\"_ _9\"></span>, beca<span class=\"_ _7\"></span>use as<span class=\"_ _7\"></span>sociated </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws41 gs4ee\">prem<span class=\"_ _7\"></span>iums are d<span class=\"_ _7\"></span>ue withi<span class=\"_ _7\"></span>n one yea<span class=\"_ _7\"></span>r of the coverage p<span class=\"_ _7\"></span>eri<span class=\"_ _7\"></span>od. The </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs6dc\">Group only a<span class=\"_ _9\"></span>djusts t<span class=\"_ _9\"></span>he remaining co<span class=\"_ _9\"></span>verage f<span class=\"_ _9\"></span>or reinsurance<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls77 ws41 gs4ef\">contra<span class=\"_ _7\"></span>cts held fo<span class=\"_ _7\"></span>r the time valu<span class=\"_ _7\"></span>e of money in re<span class=\"_ _7\"></span>lation to the leg<span class=\"_ _7\"></span>acy </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4f0\">por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio tra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>ons (LPT<span class=\"_ _7\"></span>) th<span class=\"_ _7\"></span>at were held, as th<span class=\"_ _7\"></span>e asso<span class=\"_ _7\"></span>ciated </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4f1\">prem<span class=\"_ _7\"></span>iums are n<span class=\"_ _7\"></span>ot due with<span class=\"_ _7\"></span>in one yea<span class=\"_ _7\"></span>r of the coverage p<span class=\"_ _7\"></span>eri<span class=\"_ _7\"></span>od.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs6dd\">The Group est<span class=\"_ _9\"></span>imates t<span class=\"_ _9\"></span>he liability for i<span class=\"_ _9\"></span>ncurred claims (LIC<span class=\"_ _9\"></span>) <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4f3\">as the f<span class=\"_ _7\"></span>ulfilm<span class=\"_ _7\"></span>ent cas<span class=\"_ _7\"></span>h flows related to incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims. Th<span class=\"_ _7\"></span>e </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs4f4\">ful<span class=\"_ _7\"></span>filment c<span class=\"_ _7\"></span>ash flows i<span class=\"_ _7\"></span>ncor<span class=\"_ _7\"></span>porate, in an unbi<span class=\"_ _7\"></span>ased way<span class=\"_ _9\"></span>, all </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs4f5\">reasonable and supportable informa<span class=\"_ _9\"></span>tion av<span class=\"_ _9\"></span>ailable without<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6de\">undu<span class=\"_ _7\"></span>e cost or e<span class=\"_ _7\"></span>ffo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t about th<span class=\"_ _7\"></span>e amou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, timi<span class=\"_ _7\"></span>ng and un<span class=\"_ _7\"></span>cer<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>inty </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6df\">of those f<span class=\"_ _7\"></span>uture ca<span class=\"_ _7\"></span>sh flows, and they refl<span class=\"_ _7\"></span>ect cu<span class=\"_ _7\"></span>rrent e<span class=\"_ _7\"></span>stimates </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6e0\">from th<span class=\"_ _7\"></span>e pers<span class=\"_ _7\"></span>pecti<span class=\"_ _7\"></span>ve of the entit<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6e1\">If facts a<span class=\"_ _7\"></span>nd circum<span class=\"_ _7\"></span>stanc<span class=\"_ _7\"></span>es ind<span class=\"_ _7\"></span>icate that a group of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs6e2\">contract<span class=\"_ _9\"></span>s measured under t<span class=\"_ _9\"></span>he P<span class=\"_ _9\"></span>AA is onerous on<span class=\"_ _9\"></span> initial </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs6e3\">recognition or<span class=\"_ _9\"></span> has become onerous subsequent<span class=\"_ _9\"></span>ly<span class=\"_ _a\"></span>, the Group<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6e4\">incre<span class=\"_ _7\"></span>ase<span class=\"_ _7\"></span>s the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of the LR<span class=\"_ _7\"></span>C<span class=\"_ _9\"></span>, rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ing a los<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6e5\">com<span class=\"_ _7\"></span>pone<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, to the amou<span class=\"_ _7\"></span>nts of the excess of the f<span class=\"_ _7\"></span>ulfilm<span class=\"_ _7\"></span>ent </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6e6\">cas<span class=\"_ _7\"></span>h flows that relate to the rema<span class=\"_ _7\"></span>ining c<span class=\"_ _7\"></span>overage of the grou<span class=\"_ _7\"></span>p </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6e7\">of contrac<span class=\"_ _7\"></span>ts, ov<span class=\"_ _9\"></span>er th<span class=\"_ _7\"></span>e car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of the LRC of th<span class=\"_ _7\"></span>e group.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6e8\">The a<span class=\"_ _7\"></span>mount of su<span class=\"_ _7\"></span>ch an in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in insur<span class=\"_ _7\"></span>ance </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs6e9\">ser<span class=\"_ _7\"></span>vice expenses. Subsequently<span class=\"_ _a\"></span>, the<span class=\"_ _9\"></span> loss component is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6ea\">amo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>sed over the c<span class=\"_ _7\"></span>overage pe<span class=\"_ _7\"></span>riod of the g<span class=\"_ _7\"></span>roup of contra<span class=\"_ _7\"></span>cts.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6eb\">Whe<span class=\"_ _7\"></span>n a loss i<span class=\"_ _7\"></span>s recog<span class=\"_ _7\"></span>nised o<span class=\"_ _7\"></span>n initia<span class=\"_ _7\"></span>l reco<span class=\"_ _7\"></span>gnition of a<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs6ec\">onerous gr<span class=\"_ _9\"></span>oup of underlying in<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s or on<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs6ed\">addition<span class=\"_ _9\"></span> of onerous<span class=\"_ _9\"></span> underlying insurance contra<span class=\"_ _9\"></span>cts t<span class=\"_ _9\"></span>o that<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6ef\">group, the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of the re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce as<span class=\"_ _7\"></span>set for </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs6f0\">remaining co<span class=\"_ _9\"></span>verage f<span class=\"_ _9\"></span>or reinsurance con<span class=\"_ _9\"></span>tracts<span class=\"_ _9\"></span> held measured </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6f1\">und<span class=\"_ _7\"></span>er the P<span class=\"_ _9\"></span>A<span class=\"_ _7\"></span>A is inc<span class=\"_ _7\"></span>rease<span class=\"_ _7\"></span>d by the amou<span class=\"_ _7\"></span>nt of expected </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6f2\">recover<span class=\"_ _7\"></span>ies th<span class=\"_ _7\"></span>at will be i<span class=\"_ _7\"></span>n the conso<span class=\"_ _7\"></span>lidated in<span class=\"_ _7\"></span>come st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs6f3\">and a loss r<span class=\"_ _9\"></span>ecovery component is established or<span class=\"_ _9\"></span> adjusted<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6f4\">for that am<span class=\"_ _7\"></span>ount. The lo<span class=\"_ _7\"></span>ss rec<span class=\"_ _7\"></span>over<span class=\"_ _7\"></span>y compo<span class=\"_ _7\"></span>nent is c<span class=\"_ _7\"></span>alcu<span class=\"_ _7\"></span>lated </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs6f5\">by m<span class=\"_ _9\"></span>ultiplying the<span class=\"_ _9\"></span> loss component recognised on<span class=\"_ _9\"></span> underly<span class=\"_ _7\"></span>ing<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6f6\">insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts by the p<span class=\"_ _7\"></span>ercent<span class=\"_ _7\"></span>age of clai<span class=\"_ _7\"></span>ms on und<span class=\"_ _7\"></span>erl<span class=\"_ _7\"></span>ying </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6f7\">insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts that th<span class=\"_ _7\"></span>e Group exp<span class=\"_ _7\"></span>ects to recover f<span class=\"_ _7\"></span>rom </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6f8\">the rei<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts held th<span class=\"_ _7\"></span>at are entere<span class=\"_ _7\"></span>d into before or </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6f9\">at the sa<span class=\"_ _7\"></span>me time as th<span class=\"_ _7\"></span>e loss is re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised o<span class=\"_ _7\"></span>n the unde<span class=\"_ _7\"></span>rly<span class=\"_ _7\"></span>ing </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs6fa\">insurance cont<span class=\"_ _9\"></span>racts.<span class=\"_ _9\"></span> When underlying insurance contr<span class=\"_ _9\"></span>acts<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6fb\">that are re<span class=\"_ _7\"></span>insure<span class=\"_ _7\"></span>d are incl<span class=\"_ _7\"></span>uded in th<span class=\"_ _7\"></span>e same g<span class=\"_ _7\"></span>roup as in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6fc\">contra<span class=\"_ _7\"></span>cts issu<span class=\"_ _7\"></span>ed that are n<span class=\"_ _7\"></span>ot reinsure<span class=\"_ _7\"></span>d, the Group a<span class=\"_ _7\"></span>pplie<span class=\"_ _7\"></span>s a </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6fd\">systematic a<span class=\"_ _7\"></span>nd ration<span class=\"_ _7\"></span>al method of a<span class=\"_ _7\"></span>llocati<span class=\"_ _7\"></span>on to determin<span class=\"_ _7\"></span>e the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs6fe\">por<span class=\"_ _7\"></span>tio<span class=\"_ _7\"></span>n of losse<span class=\"_ _7\"></span>s that relates to und<span class=\"_ _7\"></span>erly<span class=\"_ _7\"></span>ing ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls18 ws4c gs6ff\">(g) Insura<span class=\"_ _7\"></span>nce reven<span class=\"_ _7\"></span>ue<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs700\">The i<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce revenu<span class=\"_ _7\"></span>e for the pe<span class=\"_ _7\"></span>riod is th<span class=\"_ _7\"></span>e amount of ex<span class=\"_ _7\"></span>pected </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs701\">premium r<span class=\"_ _9\"></span>eceipts (<span class=\"_ _9\"></span>ex<span class=\"_ _9\"></span>cluding an<span class=\"_ _9\"></span>y invest<span class=\"_ _9\"></span>ment component<span class=\"_ _9\"></span>) </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs702\">allo<span class=\"_ _7\"></span>cated to the per<span class=\"_ _7\"></span>iod. The G<span class=\"_ _7\"></span>roup all<span class=\"_ _7\"></span>ocates the ex<span class=\"_ _7\"></span>pected </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs703\">prem<span class=\"_ _7\"></span>ium rec<span class=\"_ _7\"></span>eipts to each pe<span class=\"_ _7\"></span>riod of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>ct <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs704\">ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ices o<span class=\"_ _7\"></span>n the basi<span class=\"_ _7\"></span>s of the pass<span class=\"_ _7\"></span>age of time. Bu<span class=\"_ _7\"></span>t if the <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs705\">expe<span class=\"_ _7\"></span>cted pat<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>n of rele<span class=\"_ _7\"></span>ase of ris<span class=\"_ _7\"></span>k durin<span class=\"_ _7\"></span>g the coverag<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs706\">per<span class=\"_ _7\"></span>iod di<span class=\"_ _7\"></span>ffe<span class=\"_ _7\"></span>rs sig<span class=\"_ _7\"></span>nific<span class=\"_ _7\"></span>antly fro<span class=\"_ _7\"></span>m the pass<span class=\"_ _7\"></span>age of time, for </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs707\">examp<span class=\"_ _7\"></span>le a group of co<span class=\"_ _7\"></span>ntracts that is ex<span class=\"_ _7\"></span>posed to larg<span class=\"_ _7\"></span>e <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs708\">natura<span class=\"_ _7\"></span>l catastro<span class=\"_ _7\"></span>phe ris<span class=\"_ _7\"></span>k conc<span class=\"_ _7\"></span>entrated in the fi<span class=\"_ _7\"></span>rst or se<span class=\"_ _7\"></span>cond <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs709\">hal<span class=\"_ _7\"></span>f of the year<span class=\"_ _a\"></span>, th<span class=\"_ _7\"></span>en the al<span class=\"_ _7\"></span>locatio<span class=\"_ _7\"></span>n is made o<span class=\"_ _7\"></span>n the basis of <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs70a\">the expe<span class=\"_ _7\"></span>cted timin<span class=\"_ _7\"></span>g of incur<span class=\"_ _7\"></span>red insu<span class=\"_ _7\"></span>rance s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs70b\">Cha<span class=\"_ _7\"></span>nges to the bas<span class=\"_ _7\"></span>is of allo<span class=\"_ _7\"></span>cation a<span class=\"_ _7\"></span>re accou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed fo<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs70c\">prosp<span class=\"_ _7\"></span>ective<span class=\"_ _7\"></span>ly as a ch<span class=\"_ _7\"></span>ange in a<span class=\"_ _7\"></span>ccou<span class=\"_ _7\"></span>nting estim<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls39 ws43 gs70d\">(h)<span class=\"_ _9\"></span> Insurance ser<span class=\"_ _7\"></span>vice expenses<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs70e\">Insurance ser<span class=\"_ _7\"></span>vice expenses include t<span class=\"_ _9\"></span>he following<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs70f\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs710\"> <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>incurred<span class=\"_ _9\"></span> claims, e<span class=\"_ _9\"></span>xcluding<span class=\"_ _9\"></span> invest<span class=\"_ _9\"></span>ment components<span class=\"_ _9\"></span> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs711\">reduced b<span class=\"_ _9\"></span>y loss component allocat<span class=\"_ _9\"></span>ions;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs712\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs713\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>other incu<span class=\"_ _7\"></span>rred di<span class=\"_ _7\"></span>rectly at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses;<span class=\"_ _304\"> </span></span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gs714\">A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>insurance acquisit<span class=\"_ _9\"></span>ion cash flow<span class=\"_ _9\"></span>s amor<span class=\"_ _7\"></span>tisat<span class=\"_ _9\"></span>ion using t<span class=\"_ _9\"></span>he </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs715\">pat<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rn that is co<span class=\"_ _7\"></span>nsistent w<span class=\"_ _7\"></span>ith the insu<span class=\"_ _7\"></span>rance reve<span class=\"_ _7\"></span>nue;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs716\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs717\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>chang<span class=\"_ _7\"></span>es that re<span class=\"_ _7\"></span>late t<span class=\"_ _9\"></span>o past s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gs718\">A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s that relate to future se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice;<span class=\"_ _304\"> </span></span></span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gs719\">A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e acquis<span class=\"_ _7\"></span>ition c<span class=\"_ _7\"></span>ash flows as<span class=\"_ _7\"></span>sets impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>; an<span class=\"_ _7\"></span>d<span class=\"_ _304\"> </span></span></span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gs71a\">A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>ma<span class=\"_ _7\"></span>ndator<span class=\"_ _7\"></span>y reinst<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent pre<span class=\"_ _7\"></span>miums.<span class=\"_ _304\"> </span></span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs71b\">Oth<span class=\"_ _7\"></span>er expe<span class=\"_ _7\"></span>nses not m<span class=\"_ _7\"></span>eeting the a<span class=\"_ _7\"></span>bove categor<span class=\"_ _7\"></span>ies a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs71c\">incl<span class=\"_ _7\"></span>uded i<span class=\"_ _7\"></span>n other ope<span class=\"_ _7\"></span>rating exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s in the cons<span class=\"_ _7\"></span>olidated </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs71d\">inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls39 ws43 gs71e\">(i) Allocation o<span class=\"_ _9\"></span>f reinsurance premiums<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs71f\">The allocation o<span class=\"_ _9\"></span>f reinsurance premiums includes r<span class=\"_ _9\"></span>einsurance </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs720\">prem<span class=\"_ _7\"></span>iums an<span class=\"_ _7\"></span>d other incu<span class=\"_ _7\"></span>rred d<span class=\"_ _7\"></span>irectly at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs721\">Reinsurance premium and e<span class=\"_ _9\"></span>xpenses are recognised <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs722\">simi<span class=\"_ _7\"></span>larl<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e revenue. Th<span class=\"_ _7\"></span>e amou<span class=\"_ _7\"></span>nt of reinsur<span class=\"_ _7\"></span>ance </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs723\">expenses recognised in the<span class=\"_ _9\"></span> repor<span class=\"_ _7\"></span>ting period depicts<span class=\"_ _9\"></span> the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs724\">trans<span class=\"_ _7\"></span>fer of rece<span class=\"_ _7\"></span>ived ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contract s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ces at an <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs725\">amount tha<span class=\"_ _9\"></span>t reflects t<span class=\"_ _9\"></span>he por<span class=\"_ _7\"></span>tion o<span class=\"_ _9\"></span>f ceding premiums tha<span class=\"_ _9\"></span>t </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs726\">the Gro<span class=\"_ _7\"></span>up expec<span class=\"_ _7\"></span>ts t<span class=\"_ _9\"></span>o pay in excha<span class=\"_ _7\"></span>nge for thos<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ices. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs727\">Additionally<span class=\"_ _a\"></span>, brok<span class=\"_ _9\"></span>er fees and ceding commissions tha<span class=\"_ _9\"></span>t are <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs728\">not conti<span class=\"_ _7\"></span>ngent o<span class=\"_ _7\"></span>n claim<span class=\"_ _7\"></span>s of the unde<span class=\"_ _7\"></span>rlyi<span class=\"_ _7\"></span>ng contra<span class=\"_ _7\"></span>cts issu<span class=\"_ _7\"></span>ed </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs729\">redu<span class=\"_ _7\"></span>ce ced<span class=\"_ _7\"></span>ing prem<span class=\"_ _7\"></span>iums a<span class=\"_ _7\"></span>nd are acc<span class=\"_ _7\"></span>ounted for as pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t of<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs72a\">reinsurance premiums<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs72b\">In addition<span class=\"_ _9\"></span>, the<span class=\"_ _9\"></span> allocation of r<span class=\"_ _9\"></span>einsurance premiums includes </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs72c\">cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n the reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e assets a<span class=\"_ _7\"></span>risin<span class=\"_ _7\"></span>g from retroacti<span class=\"_ _7\"></span>ve<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs72d\">reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts held a<span class=\"_ _7\"></span>nd volunta<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y reinstatem<span class=\"_ _7\"></span>ent <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs72e\">ceded premiums.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs72f\">(<span class=\"_ _7\"></span>j) Amounts r<span class=\"_ _9\"></span>ecoverable fr<span class=\"_ _9\"></span>om reinsurers f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs730\">The amounts<span class=\"_ _9\"></span> recoverable<span class=\"_ _9\"></span> from reinsurers<span class=\"_ _9\"></span> for incurred<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs731\">claims include<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs732\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs733\"> <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>incurred<span class=\"_ _9\"></span> claims recov<span class=\"_ _9\"></span>eries, ex<span class=\"_ _9\"></span>cluding<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs734\">inv<span class=\"_ _9\"></span>estment components<span class=\"_ _9\"></span>;<span class=\"_ _9\"></span> </div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs735\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs736\"> <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>loss-<span class=\"_ _9\"></span>recovery component allocations<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gs737\">A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s that relate to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice;<span class=\"_ _304\"> </span></span></span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gs738\">A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls78 ws41\"> <span class=\"_ _24\"></span>ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct of chan<span class=\"_ _7\"></span>ges in th<span class=\"_ _7\"></span>e risk of re<span class=\"_ _7\"></span>insurer<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>\u2019 <span class=\"ls8 ws4\"> </span></span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls75 ws11a gs739\">non-performance;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs73a\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs73b\"> <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>amount<span class=\"_ _9\"></span>s relat<span class=\"_ _9\"></span>ing t<span class=\"_ _9\"></span>o accounting<span class=\"_ _9\"></span> for onerous<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs73c\">group<span class=\"_ _7\"></span>s of under<span class=\"_ _7\"></span>lyin<span class=\"_ _7\"></span>g insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts iss<span class=\"_ _7\"></span>ued;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs73d\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs73e\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>cedin<span class=\"_ _7\"></span>g comm<span class=\"_ _7\"></span>issio<span class=\"_ _7\"></span>ns that are co<span class=\"_ _7\"></span>ntinge<span class=\"_ _7\"></span>nt on <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs73f\">claims of<span class=\"_ _9\"></span> the underlying cont<span class=\"_ _9\"></span>racts issued r<span class=\"_ _9\"></span>educing <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs740\">incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims re<span class=\"_ _7\"></span>cover<span class=\"_ _7\"></span>y; and<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs741\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs742\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>mandator<span class=\"_ _7\"></span>y re<span class=\"_ _7\"></span>instateme<span class=\"_ _7\"></span>nt cede<span class=\"_ _7\"></span>d premi<span class=\"_ _7\"></span>ums.<span class=\"_ _304\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gs743\">(k) Ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e finan<span class=\"_ _7\"></span>ce inco<span class=\"_ _7\"></span>me or exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs744\">Insurance finance income or e<span class=\"_ _9\"></span>xpenses comprise the <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs745\">cha<span class=\"_ _7\"></span>nge in the c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing amo<span class=\"_ _7\"></span>unt of the group of i<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs746\">contract<span class=\"_ _9\"></span>s arising from<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs747\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs748\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the ef<span class=\"_ _7\"></span>fect of the tim<span class=\"_ _7\"></span>e value of mo<span class=\"_ _7\"></span>ney and ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs749\">in the tim<span class=\"_ _7\"></span>e value of mon<span class=\"_ _7\"></span>ey<span class=\"_ _a\"></span>. T<span class=\"_ _7\"></span>his ma<span class=\"_ _7\"></span>inly co<span class=\"_ _7\"></span>mpris<span class=\"_ _7\"></span>es <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs74a\">interest a<span class=\"_ _7\"></span>ccreted on the L<span class=\"_ _7\"></span>IC and intere<span class=\"_ _7\"></span>st unwin<span class=\"_ _7\"></span>d on <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs74b\">the AIC; and<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs74c\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs74d\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the ef<span class=\"_ _7\"></span>fect of fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l risk a<span class=\"_ _7\"></span>nd cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n financ<span class=\"_ _7\"></span>ial ri<span class=\"_ _7\"></span>sk. </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs74e\">Thi<span class=\"_ _7\"></span>s mainl<span class=\"_ _7\"></span>y inclu<span class=\"_ _7\"></span>des the ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct of cha<span class=\"_ _7\"></span>nges in i<span class=\"_ _7\"></span>nterest <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs74f\">rates, for examp<span class=\"_ _7\"></span>le, discou<span class=\"_ _7\"></span>nt rates.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs750\">The G<span class=\"_ _7\"></span>roup do<span class=\"_ _7\"></span>es not dis<span class=\"_ _7\"></span>aggreg<span class=\"_ _7\"></span>ate chang<span class=\"_ _7\"></span>es in the r<span class=\"_ _7\"></span>isk </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs751\">adjustment<span class=\"_ _9\"></span> for non-<span class=\"_ _9\"></span>financial risk between in<span class=\"_ _9\"></span>surance <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs752\">ser<span class=\"_ _7\"></span>vice result and insurance finance i<span class=\"_ _9\"></span>ncome or expenses.<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs753\">The c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>e in the ris<span class=\"_ _7\"></span>k adjustm<span class=\"_ _7\"></span>ent is e<span class=\"_ _7\"></span>ntirely pre<span class=\"_ _7\"></span>sented as <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs754\">par<span class=\"_ _7\"></span>t of the in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice res<span class=\"_ _7\"></span>ult.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs755\">Foreig<span class=\"_ _7\"></span>n ex<span class=\"_ _9\"></span>ch<span class=\"_ _7\"></span>ange g<span class=\"_ _7\"></span>ains an<span class=\"_ _7\"></span>d losse<span class=\"_ _7\"></span>s contin<span class=\"_ _7\"></span>ue to be prese<span class=\"_ _7\"></span>nted </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs756\">as a net othe<span class=\"_ _7\"></span>r foreig<span class=\"_ _7\"></span>n ex<span class=\"_ _9\"></span>ch<span class=\"_ _7\"></span>ange ga<span class=\"_ _7\"></span>in/(loss) line i<span class=\"_ _7\"></span>tem.<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc3 sc0 ls38 ws41 gs757\">2.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>2 T<span class=\"_ _9\"></span>axatio<span class=\"_ _7\"></span>n </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs758\">Cur<span class=\"_ _7\"></span>rent ta<span class=\"_ _7\"></span>x, incl<span class=\"_ _7\"></span>uding c<span class=\"_ _7\"></span>orpor<span class=\"_ _7\"></span>ation ta<span class=\"_ _7\"></span>x and fo<span class=\"_ _7\"></span>reign ta<span class=\"_ _7\"></span>x, is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs759\">provid<span class=\"_ _7\"></span>ed at amo<span class=\"_ _7\"></span>unts expe<span class=\"_ _7\"></span>cted to be paid (or recovere<span class=\"_ _7\"></span>d) <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs75a\">usin<span class=\"_ _7\"></span>g the ta<span class=\"_ _7\"></span>x rates and l<span class=\"_ _7\"></span>aws that have bee<span class=\"_ _7\"></span>n enac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed o<span class=\"_ _7\"></span>r </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs75b\">subs<span class=\"_ _7\"></span>tantivel<span class=\"_ _7\"></span>y enac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed by the b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et date. A provision <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs75c\">is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed for thos<span class=\"_ _7\"></span>e matter<span class=\"_ _7\"></span>s for whic<span class=\"_ _7\"></span>h the ta<span class=\"_ _7\"></span>x determ<span class=\"_ _7\"></span>ination </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs75d\">is unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>tai<span class=\"_ _7\"></span>n but it is c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered pro<span class=\"_ _7\"></span>bable th<span class=\"_ _7\"></span>at there wil<span class=\"_ _7\"></span>l be a </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs75e\">futu<span class=\"_ _7\"></span>re out<span class=\"_ _7\"></span>flow of funds to a ta<span class=\"_ _7\"></span>x au<span class=\"_ _7\"></span>thorit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>. The provi<span class=\"_ _7\"></span>sions a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs75f\">mea<span class=\"_ _7\"></span>sured at th<span class=\"_ _7\"></span>e best e<span class=\"_ _7\"></span>stimate of the amou<span class=\"_ _7\"></span>nt expec<span class=\"_ _7\"></span>ted t<span class=\"_ _9\"></span>o </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs760\">bec<span class=\"_ _7\"></span>ome payab<span class=\"_ _7\"></span>le. The as<span class=\"_ _7\"></span>ses<span class=\"_ _7\"></span>sment i<span class=\"_ _7\"></span>s based o<span class=\"_ _7\"></span>n the judg<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs761\">of tax prof<span class=\"_ _9\"></span>essionals within the Group<span class=\"_ _9\"></span> suppor<span class=\"_ _7\"></span>ted<span class=\"_ _9\"></span> by pre<span class=\"_ _9\"></span>vious </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs762\">expe<span class=\"_ _7\"></span>rien<span class=\"_ _7\"></span>ce in res<span class=\"_ _7\"></span>pec<span class=\"_ _7\"></span>t of such acti<span class=\"_ _7\"></span>vitie<span class=\"_ _7\"></span>s and, in ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain ca<span class=\"_ _7\"></span>ses, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs763\">base<span class=\"_ _7\"></span>d on adv<span class=\"_ _7\"></span>ice sou<span class=\"_ _7\"></span>ght from s<span class=\"_ _7\"></span>peci<span class=\"_ _7\"></span>alist ta<span class=\"_ _7\"></span>x ad<span class=\"_ _7\"></span>viso<span class=\"_ _7\"></span>rs. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs764\">Defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x is p<span class=\"_ _7\"></span>rovided in f<span class=\"_ _7\"></span>ull, usin<span class=\"_ _7\"></span>g the liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y method, <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs765\">on tempo<span class=\"_ _7\"></span>rar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>renc<span class=\"_ _7\"></span>es ari<span class=\"_ _7\"></span>sing bet<span class=\"_ _7\"></span>wee<span class=\"_ _7\"></span>n the ta<span class=\"_ _7\"></span>x base<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs766\">of asse<span class=\"_ _7\"></span>ts and lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s and the<span class=\"_ _7\"></span>ir ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mounts i<span class=\"_ _7\"></span>n the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs767\">fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements. However<span class=\"_ _9\"></span>, if the defer<span class=\"_ _7\"></span>red inc<span class=\"_ _7\"></span>ome ta<span class=\"_ _7\"></span>x <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs768\">ari<span class=\"_ _7\"></span>ses fro<span class=\"_ _7\"></span>m initia<span class=\"_ _7\"></span>l recog<span class=\"_ _7\"></span>nition of a<span class=\"_ _7\"></span>n asset o<span class=\"_ _7\"></span>r liabi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y in a </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs769\">trans<span class=\"_ _7\"></span>action othe<span class=\"_ _7\"></span>r than a bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss com<span class=\"_ _7\"></span>bination th<span class=\"_ _7\"></span>at at the <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs76a\">time o<span class=\"_ _9\"></span>f the t<span class=\"_ _9\"></span>ransaction a<span class=\"_ _9\"></span>f<span class=\"_ _7\"></span>fects neit<span class=\"_ _9\"></span>her accounting<span class=\"_ _9\"></span> nor taxable </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs76b\">profit or l<span class=\"_ _7\"></span>oss, it is not re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised. With th<span class=\"_ _7\"></span>e ex<span class=\"_ _9\"></span>ce<span class=\"_ _7\"></span>ption of <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs76c\">defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x rel<span class=\"_ _7\"></span>ated t<span class=\"_ _9\"></span>o top-up i<span class=\"_ _7\"></span>ncome t<span class=\"_ _7\"></span>axe<span class=\"_ _7\"></span>s arisi<span class=\"_ _7\"></span>ng from ta<span class=\"_ _7\"></span>x<span class=\"_ _304\"> </span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs76e\">law enact<span class=\"_ _9\"></span>ed t<span class=\"_ _9\"></span>o implement Pi<span class=\"_ _9\"></span>llar T<span class=\"_ _a\"></span>wo legisla<span class=\"_ _9\"></span>tion,<span class=\"_ _9\"></span> deferred <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs76f\">ta<span class=\"_ _7\"></span>x is deter<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>d using ta<span class=\"_ _7\"></span>x rates a<span class=\"_ _7\"></span>nd laws that have be<span class=\"_ _7\"></span>en <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs770\">ena<span class=\"_ _7\"></span>cted or subs<span class=\"_ _7\"></span>tantivel<span class=\"_ _7\"></span>y enac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed by the b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs771\">date and are ex<span class=\"_ _7\"></span>pected to app<span class=\"_ _7\"></span>ly whe<span class=\"_ _7\"></span>n the related d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs772\">ta<span class=\"_ _7\"></span>x ass<span class=\"_ _7\"></span>et is real<span class=\"_ _7\"></span>ised or th<span class=\"_ _7\"></span>e defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y is set<span class=\"_ _7\"></span>tled. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs773\">Defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets are rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed to the extent th<span class=\"_ _7\"></span>at it is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs774\">probable t<span class=\"_ _9\"></span>hat future<span class=\"_ _9\"></span> ta<span class=\"_ _7\"></span>xable pr<span class=\"_ _9\"></span>ofit will be<span class=\"_ _9\"></span> available<span class=\"_ _9\"></span> against </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs775\">whi<span class=\"_ _7\"></span>ch the tempo<span class=\"_ _7\"></span>rar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rence<span class=\"_ _7\"></span>s can b<span class=\"_ _7\"></span>e utilise<span class=\"_ _7\"></span>d. Deferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs776\">is provid<span class=\"_ _7\"></span>ed on temp<span class=\"_ _7\"></span>orar<span class=\"_ _7\"></span>y di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>es ar<span class=\"_ _7\"></span>ising o<span class=\"_ _7\"></span>n investments i<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs777\">subsidiaries and associat<span class=\"_ _9\"></span>es, e<span class=\"_ _9\"></span>xcept<span class=\"_ _9\"></span> where the Gr<span class=\"_ _9\"></span>oup contr<span class=\"_ _9\"></span>ols </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs778\">the timi<span class=\"_ _7\"></span>ng of the revers<span class=\"_ _7\"></span>al of the tempor<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nce a<span class=\"_ _7\"></span>nd it is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs779\">proba<span class=\"_ _7\"></span>ble that the tem<span class=\"_ _7\"></span>porar<span class=\"_ _7\"></span>y d<span class=\"_ _7\"></span>if<span class=\"_ _7\"></span>feren<span class=\"_ _7\"></span>ce will n<span class=\"_ _7\"></span>ot reverse in the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs77a\">foreseeable future<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls3b ws44 gs77b\">2.<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>3 Employee<span class=\"_ _9\"></span> benefits<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs77c\">(<span class=\"_ _9\"></span>a) Pension<span class=\"_ _9\"></span> obligations<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs77d\">The Group has<span class=\"_ _9\"></span> defined contribution<span class=\"_ _9\"></span> and defined benefit<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs77e\">pension schemes. The defined<span class=\"_ _9\"></span> benefit scheme closed t<span class=\"_ _9\"></span>o <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs77f\">futu<span class=\"_ _7\"></span>re accr<span class=\"_ _7\"></span>ual wi<span class=\"_ _7\"></span>th ef<span class=\"_ _7\"></span>fect from 31<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>200<span class=\"_ _7\"></span>6 and <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs780\">active m<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>rs were of<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>d memb<span class=\"_ _7\"></span>ersh<span class=\"_ _7\"></span>ip of the defin<span class=\"_ _7\"></span>ed </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs781\">contr<span class=\"_ _7\"></span>ibutio<span class=\"_ _7\"></span>n sche<span class=\"_ _7\"></span>me from 1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y<span class=\"_ gs2e8\"> </span><span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>. A defi<span class=\"_ _7\"></span>ned </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs782\">contribut<span class=\"_ _9\"></span>ion plan is a pension<span class=\"_ _9\"></span> plan under which the<span class=\"_ _9\"></span> Group <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs783\">pays fixed co<span class=\"_ _7\"></span>ntribu<span class=\"_ _7\"></span>tions into a sepa<span class=\"_ _7\"></span>rate entit<span class=\"_ _7\"></span>y and ha<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs784\">no fu<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ther obl<span class=\"_ _7\"></span>igation b<span class=\"_ _7\"></span>eyond the agre<span class=\"_ _7\"></span>ed contr<span class=\"_ _7\"></span>ibutio<span class=\"_ _7\"></span>n rate<span class=\"_ _9\"></span>. <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs785\">A defin<span class=\"_ _7\"></span>ed ben<span class=\"_ _7\"></span>efit pla<span class=\"_ _7\"></span>n is a pen<span class=\"_ _7\"></span>sion pl<span class=\"_ _7\"></span>an that defi<span class=\"_ _7\"></span>nes a<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs786\">amo<span class=\"_ _7\"></span>unt of pens<span class=\"_ _7\"></span>ion be<span class=\"_ _7\"></span>nefit that a<span class=\"_ _7\"></span>n empl<span class=\"_ _7\"></span>oyee will rec<span class=\"_ _7\"></span>eive <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs787\">on ret<span class=\"_ _9\"></span>irement<span class=\"_ _9\"></span>, usually dependent on one<span class=\"_ _9\"></span> or more fa<span class=\"_ _9\"></span>ctors<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs788\">suc<span class=\"_ _7\"></span>h as age, year<span class=\"_ _7\"></span>s of ser<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e and co<span class=\"_ _7\"></span>mpen<span class=\"_ _7\"></span>sation.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs789\">For defi<span class=\"_ _9\"></span>ned contribution<span class=\"_ _9\"></span> plans, the<span class=\"_ _9\"></span> Group pa<span class=\"_ _9\"></span>ys contribut<span class=\"_ _9\"></span>ions <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs78a\">to public<span class=\"_ _7\"></span>ly or pr<span class=\"_ _7\"></span>ivately admi<span class=\"_ _7\"></span>nistered p<span class=\"_ _7\"></span>ensio<span class=\"_ _7\"></span>n insura<span class=\"_ _7\"></span>nce <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs78b\">plans on a<span class=\"_ _9\"></span> contractual<span class=\"_ _9\"></span> basis. The cont<span class=\"_ _9\"></span>ributions are<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs78c\">reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as an e<span class=\"_ _7\"></span>mployee b<span class=\"_ _7\"></span>enefit ex<span class=\"_ _7\"></span>pense w<span class=\"_ _7\"></span>hen th<span class=\"_ _7\"></span>ey<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs78d\">are du<span class=\"_ _7\"></span>e. Prepaid co<span class=\"_ _7\"></span>ntribu<span class=\"_ _7\"></span>tions are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised as a<span class=\"_ _7\"></span>n asse<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs78e\">to the extent that a c<span class=\"_ _7\"></span>ash ref<span class=\"_ _7\"></span>und or a red<span class=\"_ _7\"></span>uction i<span class=\"_ _7\"></span>n future </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs78f\">payment<span class=\"_ _9\"></span>s is av<span class=\"_ _9\"></span>ailable.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs790\">The a<span class=\"_ _7\"></span>mount re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised on th<span class=\"_ _7\"></span>e bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet in res<span class=\"_ _7\"></span>pect <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs791\">of define<span class=\"_ _7\"></span>d ben<span class=\"_ _7\"></span>efit pen<span class=\"_ _7\"></span>sion pl<span class=\"_ _7\"></span>ans is the p<span class=\"_ _7\"></span>rese<span class=\"_ _7\"></span>nt value of the <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs792\">defin<span class=\"_ _7\"></span>ed ben<span class=\"_ _7\"></span>efit obl<span class=\"_ _7\"></span>igation at th<span class=\"_ _7\"></span>e balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et date, less <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs793\">the fai<span class=\"_ _7\"></span>r value of pla<span class=\"_ _7\"></span>n asse<span class=\"_ _7\"></span>ts. The ca<span class=\"_ _7\"></span>lculatio<span class=\"_ _7\"></span>n of the define<span class=\"_ _7\"></span>d </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs794\">benefit obligat<span class=\"_ _9\"></span>ion is performed annually by a<span class=\"_ _9\"></span> qualified <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs795\">actuary using the pr<span class=\"_ _9\"></span>ojected unit<span class=\"_ _9\"></span> method<span class=\"_ _9\"></span>. As the plan<span class=\"_ _9\"></span> is <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs796\">clos<span class=\"_ _7\"></span>ed to all futu<span class=\"_ _7\"></span>re bene<span class=\"_ _7\"></span>fit accr<span class=\"_ _7\"></span>ual, eac<span class=\"_ _7\"></span>h par<span class=\"_ _7\"></span>tici<span class=\"_ _7\"></span>pant\u2019<span class=\"_ _9\"></span>s <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs797\">ben<span class=\"_ _7\"></span>efits und<span class=\"_ _7\"></span>er the pl<span class=\"_ _7\"></span>an are bas<span class=\"_ _7\"></span>ed on the<span class=\"_ _7\"></span>ir ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice to <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs798\">the date of clos<span class=\"_ _7\"></span>ure or ea<span class=\"_ _7\"></span>rlie<span class=\"_ _7\"></span>r leavin<span class=\"_ _7\"></span>g date and the<span class=\"_ _7\"></span>ir final </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs799\">pen<span class=\"_ _7\"></span>siona<span class=\"_ _7\"></span>ble ea<span class=\"_ _7\"></span>rnin<span class=\"_ _7\"></span>gs. The s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e cost is th<span class=\"_ _7\"></span>e expected </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs79a\">admi<span class=\"_ _7\"></span>nistration c<span class=\"_ _7\"></span>ost dur<span class=\"_ _7\"></span>ing the yea<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>. Past se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice c<span class=\"_ _7\"></span>osts <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs79b\">are rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed imm<span class=\"_ _7\"></span>ediatel<span class=\"_ _7\"></span>y in the inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs79c\">Remeasurements o<span class=\"_ _9\"></span>f the ne<span class=\"_ _9\"></span>t defined benefit liability<span class=\"_ _a\"></span>, which </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs79d\">com<span class=\"_ _7\"></span>prise a<span class=\"_ _7\"></span>ctuar<span class=\"_ _7\"></span>ial gai<span class=\"_ _7\"></span>ns and lo<span class=\"_ _7\"></span>sses, th<span class=\"_ _7\"></span>e return on pl<span class=\"_ _7\"></span>an as<span class=\"_ _7\"></span>sets </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs79e\">(e<span class=\"_ _9\"></span>xclud<span class=\"_ _7\"></span>ing interes<span class=\"_ _7\"></span>t) and the ef<span class=\"_ _7\"></span>fect of th<span class=\"_ _7\"></span>e asset c<span class=\"_ _7\"></span>eilin<span class=\"_ _7\"></span>g (if any)<span class=\"_ _9\"></span>, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs79f\">are recognised<span class=\"_ _9\"></span> immediately in<span class=\"_ _9\"></span> other compr<span class=\"_ _9\"></span>ehensive income.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7a0\">The G<span class=\"_ _7\"></span>roup deter<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>s the net intere<span class=\"_ _7\"></span>st expe<span class=\"_ _7\"></span>nse (inc<span class=\"_ _7\"></span>ome) on the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7a1\">net defined<span class=\"_ _9\"></span> benefit liability (asset<span class=\"_ _9\"></span>) f<span class=\"_ _9\"></span>or the period b<span class=\"_ _9\"></span>y applying the<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7a2\">disc<span class=\"_ _7\"></span>ount rate use<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o me<span class=\"_ _7\"></span>asure the d<span class=\"_ _7\"></span>efined b<span class=\"_ _7\"></span>enefi<span class=\"_ _7\"></span>t oblig<span class=\"_ _7\"></span>ation </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7a3\">at the be<span class=\"_ _7\"></span>ginni<span class=\"_ _7\"></span>ng of the annu<span class=\"_ _7\"></span>al pe<span class=\"_ _7\"></span>riod to the the<span class=\"_ _7\"></span>n net defin<span class=\"_ _7\"></span>ed </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7a4\">ben<span class=\"_ _7\"></span>efit lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y (asset)<span class=\"_ _9\"></span>, tak<span class=\"_ _7\"></span>ing into acc<span class=\"_ _7\"></span>ount any ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s in the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws41 gs7a5\">net defi<span class=\"_ _7\"></span>ned be<span class=\"_ _7\"></span>nefit li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ty (ass<span class=\"_ _7\"></span>et) during th<span class=\"_ _7\"></span>e peri<span class=\"_ _7\"></span>od as a res<span class=\"_ _7\"></span>ult of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7a6\">contr<span class=\"_ _7\"></span>ibutio<span class=\"_ _7\"></span>ns and be<span class=\"_ _7\"></span>nefit pay<span class=\"_ _7\"></span>ments. Net in<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ere<span class=\"_ _7\"></span>st expe<span class=\"_ _7\"></span>nse and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7a7\">other exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s related to define<span class=\"_ _7\"></span>d ben<span class=\"_ _7\"></span>efit pla<span class=\"_ _7\"></span>ns are rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7a8\">in the in<span class=\"_ _7\"></span>come st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent throu<span class=\"_ _7\"></span>gh ope<span class=\"_ _7\"></span>rating expe<span class=\"_ _7\"></span>nses.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7a9\">T<span class=\"_ _a\"></span>o the ex<span class=\"_ _7\"></span>tent that a su<span class=\"_ _7\"></span>rplus e<span class=\"_ _7\"></span>merg<span class=\"_ _7\"></span>es on the d<span class=\"_ _7\"></span>efined <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls6d ws44 gs7aa\">benefi<span class=\"_ _7\"></span>t obliga<span class=\"_ _9\"></span>tion,<span class=\"_ _9\"></span> it is only recognisable as<span class=\"_ _9\"></span> an asset when <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7ab\">it is probable that futu<span class=\"_ _7\"></span>re econ<span class=\"_ _7\"></span>omic be<span class=\"_ _7\"></span>nefits wi<span class=\"_ _7\"></span>ll be rec<span class=\"_ _7\"></span>overed <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7ac\">by the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs7ad\">(b<span class=\"_ _9\"></span>) Other long-<span class=\"_ _9\"></span>term emplo<span class=\"_ _9\"></span>yee benefits<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7ae\">The G<span class=\"_ _7\"></span>roup provi<span class=\"_ _7\"></span>des sa<span class=\"_ _7\"></span>bbatic<span class=\"_ _7\"></span>al leave to empl<span class=\"_ _7\"></span>oyees on </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7af\">com<span class=\"_ _7\"></span>pletion of ever<span class=\"_ _7\"></span>y fi<span class=\"_ _7\"></span>ve years\u2019 ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice. The p<span class=\"_ _7\"></span>resen<span class=\"_ _7\"></span>t value of the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7b0\">expe<span class=\"_ _7\"></span>cted costs of the<span class=\"_ _7\"></span>se be<span class=\"_ _7\"></span>nefits is ac<span class=\"_ _7\"></span>crue<span class=\"_ _7\"></span>d over the per<span class=\"_ _7\"></span>iod of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7b1\">emp<span class=\"_ _7\"></span>loyme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>. In de<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>mini<span class=\"_ _7\"></span>ng this lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>, consid<span class=\"_ _7\"></span>eration i<span class=\"_ _7\"></span>s given </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7b2\">to future in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>es in sa<span class=\"_ _7\"></span>lar<span class=\"_ _7\"></span>y level<span class=\"_ _7\"></span>s, exper<span class=\"_ _7\"></span>ienc<span class=\"_ _7\"></span>e with em<span class=\"_ _7\"></span>ployee </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs7b3\">depar<span class=\"_ _7\"></span>tures and periods o<span class=\"_ _9\"></span>f ser<span class=\"_ _7\"></span>vice.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs7b4\">(<span class=\"_ _9\"></span>c) Shar<span class=\"_ _9\"></span>e-based compensation<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7b5\">The G<span class=\"_ _7\"></span>roup op<span class=\"_ _7\"></span>erates eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y settl<span class=\"_ _7\"></span>ed sha<span class=\"_ _7\"></span>re-bas<span class=\"_ _7\"></span>ed emp<span class=\"_ _7\"></span>loyee </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7b6\">compensation plans<span class=\"_ _9\"></span>. These include the<span class=\"_ _9\"></span> share opt<span class=\"_ _9\"></span>ion schemes,<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7b7\">and th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s Per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>manc<span class=\"_ _7\"></span>e Share Pl<span class=\"_ _7\"></span>ans, outli<span class=\"_ _7\"></span>ned in th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7b8\">Direct<span class=\"_ _9\"></span>ors\u2019<span class=\"_ _9\"></span> remuneration r<span class=\"_ _9\"></span>epor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>, toge<span class=\"_ _9\"></span>ther with t<span class=\"_ _9\"></span>he Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s Save<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7b9\">As Y<span class=\"_ _a\"></span>o<span class=\"_ _7\"></span>u Earn (SA<span class=\"_ _9\"></span>YE) s<span class=\"_ _7\"></span>chem<span class=\"_ _7\"></span>es. Th<span class=\"_ _7\"></span>e fair valu<span class=\"_ _7\"></span>e of the empl<span class=\"_ _7\"></span>oyee </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7ba\">ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ices re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>ved, meas<span class=\"_ _7\"></span>ured at gra<span class=\"_ _7\"></span>nt date, in ex<span class=\"_ _9\"></span>cha<span class=\"_ _7\"></span>nge for </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7bb\">the gra<span class=\"_ _7\"></span>nt of the awards is rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed as a<span class=\"_ _7\"></span>n expens<span class=\"_ _7\"></span>e, with the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs7bc\">corresponding credit being recorded in<span class=\"_ _9\"></span> retained earnings </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7bd\">withi<span class=\"_ _7\"></span>n equi<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>. The total am<span class=\"_ _7\"></span>ount to be expe<span class=\"_ _7\"></span>nsed over th<span class=\"_ _7\"></span>e vesting </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7be\">per<span class=\"_ _7\"></span>iod is d<span class=\"_ _7\"></span>et<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rmine<span class=\"_ _7\"></span>d by referenc<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o the fa<span class=\"_ _7\"></span>ir value of th<span class=\"_ _7\"></span>e awards </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7bf\">gran<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed, excludi<span class=\"_ _7\"></span>ng the impa<span class=\"_ _7\"></span>ct of any non-m<span class=\"_ _7\"></span>arket vestin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls6d ws44 gs7c0\">conditions<span class=\"_ _9\"></span> (for e<span class=\"_ _9\"></span>xample,<span class=\"_ _9\"></span> profitability or ne<span class=\"_ _9\"></span>t asset gro<span class=\"_ _9\"></span>w<span class=\"_ _7\"></span>th<span class=\"_ _9\"></span> targets<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7c1\">Non-mark<span class=\"_ _9\"></span>et vesti<span class=\"_ _9\"></span>ng conditions ar<span class=\"_ _9\"></span>e included in assump<span class=\"_ _9\"></span>tions<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7c2\">abo<span class=\"_ _7\"></span>ut the num<span class=\"_ _7\"></span>ber of awards that a<span class=\"_ _7\"></span>re expec<span class=\"_ _7\"></span>ted t<span class=\"_ _9\"></span>o be<span class=\"_ _7\"></span>come </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7c3\">exercisa<span class=\"_ _7\"></span>ble. At each ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e sheet d<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup revise<span class=\"_ _7\"></span>s its </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7c4\">estim<span class=\"_ _7\"></span>ates of the numb<span class=\"_ _7\"></span>er of awards that are ex<span class=\"_ _7\"></span>pected to vest.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7c5\">The Group r<span class=\"_ _9\"></span>ecognises the impact<span class=\"_ _9\"></span> of the<span class=\"_ _9\"></span> revision o<span class=\"_ _9\"></span>f <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7c6\">ori<span class=\"_ _7\"></span>ginal e<span class=\"_ _7\"></span>stimates, if a<span class=\"_ _7\"></span>ny<span class=\"_ _a\"></span>, in the i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement, and a </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs7c7\">corresponding adjustment t<span class=\"_ _9\"></span>o equity<span class=\"_ _a\"></span>, in periods in which <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls18 ws4c gs7c8\">the e<span class=\"_ _7\"></span>stimates are rev<span class=\"_ _7\"></span>ise<span class=\"_ _7\"></span>d.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7c9\">Whe<span class=\"_ _7\"></span>n the terms a<span class=\"_ _7\"></span>nd con<span class=\"_ _7\"></span>ditions of a<span class=\"_ _7\"></span>n equi<span class=\"_ _7\"></span>ty set<span class=\"_ _7\"></span>tled <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7ca\">share-based emplo<span class=\"_ _9\"></span>yee compensation<span class=\"_ _9\"></span> plan are modified<span class=\"_ _9\"></span>, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7cb\">and th<span class=\"_ _7\"></span>e expens<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o be re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>es as a re<span class=\"_ _7\"></span>sult of the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7cc\">modi<span class=\"_ _7\"></span>fication, the<span class=\"_ _7\"></span>n the inc<span class=\"_ _7\"></span>rease is re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised eve<span class=\"_ _7\"></span>nly over the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs7cd\">remaining vest<span class=\"_ _9\"></span>ing period. When a modificat<span class=\"_ _9\"></span>ion reduces the<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7ce\">expe<span class=\"_ _7\"></span>nse to be reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d, there is no adj<span class=\"_ _7\"></span>ustme<span class=\"_ _7\"></span>nt recog<span class=\"_ _7\"></span>nised </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7cf\">and th<span class=\"_ _7\"></span>e pre-mod<span class=\"_ _7\"></span>ificatio<span class=\"_ _7\"></span>n expen<span class=\"_ _7\"></span>se contin<span class=\"_ _7\"></span>ues to be app<span class=\"_ _7\"></span>lied. <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7d0\">The p<span class=\"_ _7\"></span>rocee<span class=\"_ _7\"></span>ds rec<span class=\"_ _7\"></span>eived, net of a<span class=\"_ _7\"></span>ny directly at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utab<span class=\"_ _7\"></span>le </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7d1\">trans<span class=\"_ _7\"></span>action c<span class=\"_ _7\"></span>osts, are cre<span class=\"_ _7\"></span>dited to share ca<span class=\"_ _7\"></span>pita<span class=\"_ _7\"></span>l and sha<span class=\"_ _7\"></span>re </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7d2\">premium when t<span class=\"_ _9\"></span>he option<span class=\"_ _9\"></span>s are e<span class=\"_ _9\"></span>xercised<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gs7d3\">(d) T<span class=\"_ _a\"></span>erm<span class=\"_ _7\"></span>ination b<span class=\"_ _7\"></span>enefi<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7d4\">T<span class=\"_ _a\"></span>ermination benefit<span class=\"_ _9\"></span>s are pa<span class=\"_ _9\"></span>yable when emplo<span class=\"_ _9\"></span>yment is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7d5\">termi<span class=\"_ _7\"></span>nated before the no<span class=\"_ _7\"></span>rmal reti<span class=\"_ _7\"></span>rement d<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>, or wh<span class=\"_ _7\"></span>enever a<span class=\"_ _7\"></span>n </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7d6\">emp<span class=\"_ _7\"></span>loyee acc<span class=\"_ _7\"></span>epts volunta<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y redund<span class=\"_ _7\"></span>ancy in excha<span class=\"_ _7\"></span>nge for the<span class=\"_ _7\"></span>se </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7d7\">benefits.<span class=\"_ _9\"></span> The Group recognises t<span class=\"_ _9\"></span>ermination<span class=\"_ _9\"></span> benefits when it is<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7d8\">demonstrably committ<span class=\"_ _9\"></span>ed to<span class=\"_ _9\"></span> either: t<span class=\"_ _9\"></span>erminating t<span class=\"_ _9\"></span>he employment<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls6d ws44 gs7d9\">of curr<span class=\"_ _9\"></span>ent employ<span class=\"_ _9\"></span>ees according t<span class=\"_ _9\"></span>o a det<span class=\"_ _9\"></span>ailed formal plan without<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7da\">pos<span class=\"_ _7\"></span>sibili<span class=\"_ _7\"></span>ty of wi<span class=\"_ _7\"></span>thdrawal; or providi<span class=\"_ _7\"></span>ng termin<span class=\"_ _7\"></span>ation be<span class=\"_ _7\"></span>nefits as a </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7db\">resu<span class=\"_ _7\"></span>lt of an of<span class=\"_ _7\"></span>fer mad<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o en<span class=\"_ _7\"></span>coura<span class=\"_ _7\"></span>ge volunta<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y redun<span class=\"_ _7\"></span>dancy<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gs7dc\">(e<span class=\"_ _9\"></span>) Profit sha<span class=\"_ _7\"></span>ring a<span class=\"_ _7\"></span>nd bonu<span class=\"_ _7\"></span>s plan<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls77 ws41 gs7dd\">The G<span class=\"_ _7\"></span>roup rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>ses a lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y an<span class=\"_ _7\"></span>d an expe<span class=\"_ _7\"></span>nse for bon<span class=\"_ _7\"></span>uses <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7de\">and profit sha<span class=\"_ _7\"></span>ring, bas<span class=\"_ _7\"></span>ed on a for<span class=\"_ _7\"></span>mula that ta<span class=\"_ _7\"></span>kes into<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7df\">consideration<span class=\"_ _9\"></span> the pro<span class=\"_ _9\"></span>fit attributable t<span class=\"_ _9\"></span>o the<span class=\"_ _9\"></span> Company\u2019<span class=\"_ _a\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7e0\">sha<span class=\"_ _7\"></span>rehol<span class=\"_ _7\"></span>ders af<span class=\"_ _7\"></span>ter c<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>tain ad<span class=\"_ _7\"></span>justme<span class=\"_ _7\"></span>nts. The G<span class=\"_ _7\"></span>roup reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7e1\">a pro<span class=\"_ _9\"></span>vision where a<span class=\"_ _9\"></span> contractual<span class=\"_ _9\"></span> obligation t<span class=\"_ _9\"></span>o emplo<span class=\"_ _9\"></span>yees <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7e2\">exists or w<span class=\"_ _7\"></span>here the<span class=\"_ _7\"></span>re is a past p<span class=\"_ _7\"></span>ractice th<span class=\"_ _7\"></span>at has cre<span class=\"_ _7\"></span>ated a<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7e3\">constructiv<span class=\"_ _9\"></span>e obligat<span class=\"_ _9\"></span>ion.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls38 ws41 gs5fb\">2.<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>4 Financ<span class=\"_ _7\"></span>e cost<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5fc\">Fina<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>sts consi<span class=\"_ _7\"></span>st of interest c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s accr<span class=\"_ _7\"></span>uing on th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5fd\">Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s borrowin<span class=\"_ _7\"></span>gs and ba<span class=\"_ _7\"></span>nk overdraf<span class=\"_ _7\"></span>ts togethe<span class=\"_ _7\"></span>r with </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs5fe\">com<span class=\"_ _7\"></span>missi<span class=\"_ _7\"></span>on fee<span class=\"_ _7\"></span>s charge<span class=\"_ _7\"></span>d in res<span class=\"_ _7\"></span>pect of Let<span class=\"_ _7\"></span>ters of Cre<span class=\"_ _7\"></span>dit <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs5ff\">and int<span class=\"_ _9\"></span>erest in r<span class=\"_ _9\"></span>espect of lease liabilit<span class=\"_ _9\"></span>ies and funds withheld<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7e5\">Ar<span class=\"_ _7\"></span>range<span class=\"_ _7\"></span>ment fe<span class=\"_ _7\"></span>es in re<span class=\"_ _7\"></span>spec<span class=\"_ _7\"></span>t of financ<span class=\"_ _7\"></span>ing ar<span class=\"_ _7\"></span>range<span class=\"_ _7\"></span>ments <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs600\">are ch<span class=\"_ _7\"></span>arged over th<span class=\"_ _7\"></span>e life of the rel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed f<span class=\"_ _7\"></span>aciliti<span class=\"_ _7\"></span>es.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls99 wsb0 gs602\">2.<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>5 Leases<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gs603\">(a) Hiscox as le<span class=\"_ _7\"></span>ssee<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs604\">The G<span class=\"_ _7\"></span>roup rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>ses ri<span class=\"_ _7\"></span>ght<span class=\"_ _9\"></span>-of-use as<span class=\"_ _7\"></span>sets at the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs605\">com<span class=\"_ _7\"></span>menc<span class=\"_ _7\"></span>emen<span class=\"_ _7\"></span>t date of t<span class=\"_ _9\"></span>he l<span class=\"_ _7\"></span>ease (for exa<span class=\"_ _7\"></span>mple, the date the <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs606\">underlying asset is a<span class=\"_ _9\"></span>vailable f<span class=\"_ _9\"></span>or use)<span class=\"_ _a\"></span>. Right<span class=\"_ _9\"></span>-of<span class=\"_ _9\"></span>-use asset<span class=\"_ _9\"></span>s <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs607\">are me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d at cost, les<span class=\"_ _7\"></span>s any accu<span class=\"_ _7\"></span>mulated de<span class=\"_ _7\"></span>preci<span class=\"_ _7\"></span>ation <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7e6\">and im<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>ment lo<span class=\"_ _7\"></span>sses, a<span class=\"_ _7\"></span>nd adjusted fo<span class=\"_ _7\"></span>r any reme<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>ment <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs608\">of lease<span class=\"_ _9\"></span> liabilities. The cos<span class=\"_ _9\"></span>t of right<span class=\"_ _a\"></span>-of-<span class=\"_ _9\"></span>use assets incl<span class=\"_ _9\"></span>udes <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs609\">the amoun<span class=\"_ _9\"></span>t of lease liabil<span class=\"_ _9\"></span>ities recognised,<span class=\"_ _9\"></span> initial dir<span class=\"_ _9\"></span>ect <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs60a\">costs i<span class=\"_ _7\"></span>ncurre<span class=\"_ _7\"></span>d, and lea<span class=\"_ _7\"></span>se payme<span class=\"_ _7\"></span>nts made at o<span class=\"_ _7\"></span>r before <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs60b\">the co<span class=\"_ _7\"></span>mmenc<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt date<span class=\"_ _9\"></span>, le<span class=\"_ _7\"></span>ss any le<span class=\"_ _7\"></span>ase in<span class=\"_ _7\"></span>centive<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs60c\">rece<span class=\"_ _7\"></span>ived. Unl<span class=\"_ _7\"></span>ess the G<span class=\"_ _7\"></span>roup is re<span class=\"_ _7\"></span>asona<span class=\"_ _7\"></span>bly ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain to obtain </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs60d\">owne<span class=\"_ _7\"></span>rship of th<span class=\"_ _7\"></span>e leas<span class=\"_ _7\"></span>ed ass<span class=\"_ _7\"></span>et at the end of the l<span class=\"_ _7\"></span>ease ter<span class=\"_ _7\"></span>m,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs60e\">the rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed rig<span class=\"_ _7\"></span>ht<span class=\"_ _9\"></span>-of-use ass<span class=\"_ _7\"></span>ets are dep<span class=\"_ _7\"></span>reciated o<span class=\"_ _7\"></span>n a<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7e7\">strai<span class=\"_ _7\"></span>ght<span class=\"_ _9\"></span>-line b<span class=\"_ _7\"></span>asis over the s<span class=\"_ _7\"></span>hor<span class=\"_ _7\"></span>ter of their e<span class=\"_ _7\"></span>stimated us<span class=\"_ _7\"></span>eful <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs60f\">life an<span class=\"_ _7\"></span>d the lea<span class=\"_ _7\"></span>se term. Rig<span class=\"_ _7\"></span>ht<span class=\"_ _9\"></span>-of-use ass<span class=\"_ _7\"></span>ets are subj<span class=\"_ _7\"></span>ect to </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs610\">impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt. Right<span class=\"_ _9\"></span>-of-use as<span class=\"_ _7\"></span>sets are pre<span class=\"_ _7\"></span>sented on th<span class=\"_ _7\"></span>e <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs611\">bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet as p<span class=\"_ _7\"></span>roper<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, p<span class=\"_ _7\"></span>lant an<span class=\"_ _7\"></span>d equip<span class=\"_ _7\"></span>ment.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs613\">At the com<span class=\"_ _7\"></span>menc<span class=\"_ _7\"></span>ement d<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f the l<span class=\"_ _7\"></span>ease, the G<span class=\"_ _7\"></span>roup <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs614\">reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>s lea<span class=\"_ _7\"></span>se liab<span class=\"_ _7\"></span>ilitie<span class=\"_ _7\"></span>s meas<span class=\"_ _7\"></span>ured at the p<span class=\"_ _7\"></span>resent va<span class=\"_ _7\"></span>lue of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs615\">lea<span class=\"_ _7\"></span>se payme<span class=\"_ _7\"></span>nts to be made over the le<span class=\"_ _7\"></span>ase ter<span class=\"_ _7\"></span>m. The le<span class=\"_ _7\"></span>ase </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs616\">payme<span class=\"_ _7\"></span>nts inclu<span class=\"_ _7\"></span>de fixed paym<span class=\"_ _7\"></span>ents le<span class=\"_ _7\"></span>ss any le<span class=\"_ _7\"></span>ase inc<span class=\"_ _7\"></span>entives </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7e8\">rece<span class=\"_ _7\"></span>ivabl<span class=\"_ _7\"></span>e, variab<span class=\"_ _7\"></span>le lea<span class=\"_ _7\"></span>se payme<span class=\"_ _7\"></span>nts that dep<span class=\"_ _7\"></span>end on a<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs617\">index or a r<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>, and a<span class=\"_ _7\"></span>mounts exp<span class=\"_ _7\"></span>ected to be pai<span class=\"_ _7\"></span>d unde<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs618\">resi<span class=\"_ _7\"></span>dual val<span class=\"_ _7\"></span>ue gua<span class=\"_ _7\"></span>rantees. T<span class=\"_ _7\"></span>he lea<span class=\"_ _7\"></span>se payme<span class=\"_ _7\"></span>nts also in<span class=\"_ _7\"></span>clude </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs619\">the exercise p<span class=\"_ _7\"></span>rice of a pu<span class=\"_ _7\"></span>rchase o<span class=\"_ _7\"></span>ption reas<span class=\"_ _7\"></span>onab<span class=\"_ _7\"></span>ly cer<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>in </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs61a\">to be ex<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rcised by the G<span class=\"_ _7\"></span>roup and p<span class=\"_ _7\"></span>ayments of pe<span class=\"_ _7\"></span>nalti<span class=\"_ _7\"></span>es </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs61b\">for termi<span class=\"_ _7\"></span>nating a le<span class=\"_ _7\"></span>ase, if the le<span class=\"_ _7\"></span>ase term re<span class=\"_ _7\"></span>flects the G<span class=\"_ _7\"></span>roup </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs61c\">ex<span class=\"_ _9\"></span>ercising t<span class=\"_ _9\"></span>he option<span class=\"_ _9\"></span> to<span class=\"_ _9\"></span> terminat<span class=\"_ _9\"></span>e.<span class=\"_ _9\"></span> The variable lease payment<span class=\"_ _9\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs61d\">that do not d<span class=\"_ _7\"></span>epen<span class=\"_ _7\"></span>d on an ind<span class=\"_ _7\"></span>ex or a rate are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs61e\">an exp<span class=\"_ _7\"></span>ense in th<span class=\"_ _7\"></span>e peri<span class=\"_ _7\"></span>od in wh<span class=\"_ _7\"></span>ich the event o<span class=\"_ _7\"></span>r condi<span class=\"_ _7\"></span>tion that </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs61f\">triggers the<span class=\"_ _9\"></span> payment occurs.<span class=\"_ _9\"></span> Lease liabilities ar<span class=\"_ _9\"></span>e included in<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs620\">trade a<span class=\"_ _7\"></span>nd other payabl<span class=\"_ _7\"></span>es on the b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs622\">In ca<span class=\"_ _7\"></span>lculatin<span class=\"_ _7\"></span>g the pres<span class=\"_ _7\"></span>ent value of l<span class=\"_ _7\"></span>ease pay<span class=\"_ _7\"></span>ments, the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7e9\">Grou<span class=\"_ _7\"></span>p uses the i<span class=\"_ _7\"></span>ncrem<span class=\"_ _7\"></span>ental b<span class=\"_ _7\"></span>orrowin<span class=\"_ _7\"></span>g rate at the lease </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs623\">com<span class=\"_ _7\"></span>menc<span class=\"_ _7\"></span>emen<span class=\"_ _7\"></span>t date if the interest r<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e im<span class=\"_ _7\"></span>plicit i<span class=\"_ _7\"></span>n the lea<span class=\"_ _7\"></span>se is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs624\">not readi<span class=\"_ _7\"></span>ly determ<span class=\"_ _7\"></span>inab<span class=\"_ _7\"></span>le. After th<span class=\"_ _7\"></span>e comm<span class=\"_ _7\"></span>ence<span class=\"_ _7\"></span>ment date, the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs625\">amount o<span class=\"_ _9\"></span>f lease liabilities i<span class=\"_ _9\"></span>s increased t<span class=\"_ _9\"></span>o reflect t<span class=\"_ _9\"></span>he accret<span class=\"_ _9\"></span>ion </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs626\">of interest a<span class=\"_ _7\"></span>nd redu<span class=\"_ _7\"></span>ced for the l<span class=\"_ _7\"></span>ease p<span class=\"_ _7\"></span>ayments ma<span class=\"_ _7\"></span>de. In </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs627\">addition<span class=\"_ _9\"></span>, the<span class=\"_ _9\"></span> carr<span class=\"_ _7\"></span>ying amount of<span class=\"_ _9\"></span> lease liabilities is<span class=\"_ _9\"></span> remeasured </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs628\">if the<span class=\"_ _7\"></span>re is a modi<span class=\"_ _7\"></span>fication th<span class=\"_ _7\"></span>at is not acco<span class=\"_ _7\"></span>unted for as a se<span class=\"_ _7\"></span>parate </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs629\">lea<span class=\"_ _7\"></span>se: future le<span class=\"_ _7\"></span>ase paym<span class=\"_ _7\"></span>ents that are li<span class=\"_ _7\"></span>nked to a rat<span class=\"_ _9\"></span>e or in<span class=\"_ _7\"></span>dex, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs62a\">a cha<span class=\"_ _7\"></span>nge in the l<span class=\"_ _7\"></span>ease ter<span class=\"_ _7\"></span>m, a chang<span class=\"_ _7\"></span>e in the in-su<span class=\"_ _7\"></span>bstanc<span class=\"_ _7\"></span>e fixed </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs62b\">lea<span class=\"_ _7\"></span>se payme<span class=\"_ _7\"></span>nts, a chang<span class=\"_ _7\"></span>e in the as<span class=\"_ _7\"></span>sess<span class=\"_ _7\"></span>ment to purch<span class=\"_ _7\"></span>ase the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs62c\">und<span class=\"_ _7\"></span>erly<span class=\"_ _7\"></span>ing as<span class=\"_ _7\"></span>set or a ch<span class=\"_ _7\"></span>ange in th<span class=\"_ _7\"></span>e amounts ex<span class=\"_ _7\"></span>pected to be </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs62d\">payable u<span class=\"_ _7\"></span>nder a re<span class=\"_ _7\"></span>sidu<span class=\"_ _7\"></span>al value g<span class=\"_ _7\"></span>uara<span class=\"_ _7\"></span>ntee.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs62f\">The Group applies t<span class=\"_ _9\"></span>he shor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-<span class=\"_ _9\"></span>t<span class=\"_ _9\"></span>erm lease recognition<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7ea\">ex<span class=\"_ _9\"></span>emption<span class=\"_ _9\"></span> to it<span class=\"_ _9\"></span>s applicable short-<span class=\"_ _9\"></span>t<span class=\"_ _9\"></span>erm leases. It also<span class=\"_ _9\"></span> applies </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs630\">the low-value as<span class=\"_ _7\"></span>sets reco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n ex<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ption to lease<span class=\"_ _7\"></span>s of of<span class=\"_ _7\"></span>fice </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs631\">equ<span class=\"_ _7\"></span>ipmen<span class=\"_ _7\"></span>t that are con<span class=\"_ _7\"></span>side<span class=\"_ _7\"></span>red of low value. Lea<span class=\"_ _7\"></span>se payme<span class=\"_ _7\"></span>nts </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs632\">on sh<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>m leas<span class=\"_ _7\"></span>es and l<span class=\"_ _7\"></span>ease<span class=\"_ _7\"></span>s of low-<span class=\"_ _9\"></span>valu<span class=\"_ _7\"></span>e asse<span class=\"_ _7\"></span>ts are </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs633\">reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as an exp<span class=\"_ _7\"></span>ense o<span class=\"_ _7\"></span>n a straight-line ba<span class=\"_ _7\"></span>sis over the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls21 ws99 gs634\">lease<span class=\"_ _9\"></span> term<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gs635\">(b) Hiscox as le<span class=\"_ _7\"></span>sso<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs636\">Rent<span class=\"_ _7\"></span>al inco<span class=\"_ _7\"></span>me from o<span class=\"_ _7\"></span>perating l<span class=\"_ _7\"></span>ease<span class=\"_ _7\"></span>s is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs637\">on a stra<span class=\"_ _7\"></span>ight<span class=\"_ _9\"></span>-lin<span class=\"_ _7\"></span>e basis over th<span class=\"_ _7\"></span>e term of the rel<span class=\"_ _7\"></span>evant <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls73 ws48 gs7eb\">contractual agreeme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls39 ws43 gs639\">2.<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>6 Divi<span class=\"_ _7\"></span>dend distribution<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs63a\">Div<span class=\"_ _7\"></span>ide<span class=\"_ _7\"></span>nd distri<span class=\"_ _7\"></span>bution to the Co<span class=\"_ _7\"></span>mpany\u2019<span class=\"_ _9\"></span>s sha<span class=\"_ _7\"></span>rehold<span class=\"_ _7\"></span>ers is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs63b\">reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as a lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y in the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7ec\">in the pe<span class=\"_ _7\"></span>riod i<span class=\"_ _7\"></span>n whic<span class=\"_ _7\"></span>h the div<span class=\"_ _7\"></span>idend<span class=\"_ _7\"></span>s are app<span class=\"_ _7\"></span>roved.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls38 ws41 gs7ed\">2.<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>7 O<span class=\"_ _7\"></span>per<span class=\"_ _7\"></span>atio<span class=\"_ _7\"></span>ns held f<span class=\"_ _7\"></span>or sa<span class=\"_ _7\"></span>le<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7ee\">Ass<span class=\"_ _7\"></span>ets and lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es hel<span class=\"_ _7\"></span>d for disp<span class=\"_ _7\"></span>osal a<span class=\"_ _7\"></span>s par<span class=\"_ _7\"></span>t of ope<span class=\"_ _7\"></span>rations </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 wsfe gs7ef\">whi<span class=\"_ _7\"></span>ch are he<span class=\"_ _7\"></span>ld for sal<span class=\"_ _7\"></span>e are show<span class=\"_ _7\"></span>n separ<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>el<span class=\"_ _7\"></span>y in the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7f0\">stateme<span class=\"_ _7\"></span>nt of financ<span class=\"_ _7\"></span>ial pos<span class=\"_ _7\"></span>ition. Op<span class=\"_ _7\"></span>eration<span class=\"_ _7\"></span>s held for s<span class=\"_ _7\"></span>ale are </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7f1\">reco<span class=\"_ _7\"></span>rded at the l<span class=\"_ _7\"></span>ower of their ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng amou<span class=\"_ _7\"></span>nt and the<span class=\"_ _7\"></span>ir fair </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7f2\">value l<span class=\"_ _7\"></span>ess th<span class=\"_ _7\"></span>e estimated se<span class=\"_ _7\"></span>lling c<span class=\"_ _7\"></span>osts.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls39 ws43 gs7f3\">2.<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>8 Use of significant judgements, es<span class=\"_ _7\"></span>timates<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls3d ws46 gs7f4\">and assumptions<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7f5\">The p<span class=\"_ _7\"></span>repar<span class=\"_ _7\"></span>ation of finan<span class=\"_ _7\"></span>cial st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ents req<span class=\"_ _7\"></span>uires the G<span class=\"_ _7\"></span>roup <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7f6\">t<span class=\"_ _9\"></span>o select accounting<span class=\"_ _9\"></span> policies and make<span class=\"_ _9\"></span> judgements,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7f7\">estim<span class=\"_ _7\"></span>ates and as<span class=\"_ _7\"></span>sumptio<span class=\"_ _7\"></span>ns that af<span class=\"_ _7\"></span>fect the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ted <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7f8\">amo<span class=\"_ _7\"></span>unts of assets, li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties, inco<span class=\"_ _7\"></span>me and ex<span class=\"_ _7\"></span>pense<span class=\"_ _7\"></span>s in <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7f9\">the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated financ<span class=\"_ _7\"></span>ial statem<span class=\"_ _7\"></span>ents.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7fa\">The Audit Committ<span class=\"_ _9\"></span>ee reviews<span class=\"_ _9\"></span> the reasonableness of<span class=\"_ _9\"></span> critical </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7fb\">judgements,<span class=\"_ _9\"></span> estimat<span class=\"_ _9\"></span>es and assumpt<span class=\"_ _9\"></span>ions applied and t<span class=\"_ _9\"></span>he </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7fc\">appropriat<span class=\"_ _9\"></span>eness of mat<span class=\"_ _9\"></span>erial account<span class=\"_ _9\"></span>ing policies inf<span class=\"_ _9\"></span>ormation<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7fd\">The significant issues considered<span class=\"_ _9\"></span> by the<span class=\"_ _9\"></span> Committee in t<span class=\"_ _9\"></span>he <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs7fe\">year are<span class=\"_ _9\"></span> included within t<span class=\"_ _9\"></span>he Audit Committ<span class=\"_ _9\"></span>ee repor<span class=\"_ _7\"></span>t on<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs7ff\">page<span class=\"_ _7\"></span>s 99 to 1<span class=\"_ _a\"></span>01<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs800\">Significant account<span class=\"_ _9\"></span>ing judgements<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs801\">The following<span class=\"_ _9\"></span> accounting policies are<span class=\"_ _9\"></span> those considered t<span class=\"_ _9\"></span>o </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs802\">hav<span class=\"_ _9\"></span>e a significant imp<span class=\"_ _9\"></span>act on the<span class=\"_ _9\"></span> amounts recognised<span class=\"_ _9\"></span> in the<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs803\">cons<span class=\"_ _7\"></span>olidated fi<span class=\"_ _7\"></span>nanci<span class=\"_ _7\"></span>al stateme<span class=\"_ _7\"></span>nts.<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs804\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs805\"> <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>Consolida<span class=\"_ _9\"></span>tion<span class=\"_ _9\"></span>: assessment of whe<span class=\"_ _9\"></span>ther the Gr<span class=\"_ _9\"></span>oup control<span class=\"_ _9\"></span>s </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs806\">or ha<span class=\"_ _7\"></span>s signi<span class=\"_ _7\"></span>ficant in<span class=\"_ _7\"></span>fluenc<span class=\"_ _7\"></span>e over unde<span class=\"_ _7\"></span>rly<span class=\"_ _7\"></span>ing enti<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>, for </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs807\">example<span class=\"_ _9\"></span>, the<span class=\"_ _9\"></span> treatment<span class=\"_ _9\"></span> of insur<span class=\"_ _9\"></span>ance-linked securities<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs808\">funds including<span class=\"_ _9\"></span> consideration o<span class=\"_ _9\"></span>f its decision-<span class=\"_ _9\"></span>making </div><div class=\"t m0 he ff5f fs7 fc2 sc0 lsa6 ws44 gs809\">authority and its<span class=\"_ _9\"></span> rights t<span class=\"_ _9\"></span>o the<span class=\"_ _9\"></span> variable returns<span class=\"_ _9\"></span> from the<span class=\"_ _9\"></span> entity<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs80a\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs80b\"> <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>Financial in<span class=\"_ _9\"></span>vestment<span class=\"_ _9\"></span>s:<span class=\"_ _9\"></span> classification and measur<span class=\"_ _9\"></span>ement <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs80c\">of investme<span class=\"_ _7\"></span>nts inclu<span class=\"_ _7\"></span>ding the a<span class=\"_ _7\"></span>pplic<span class=\"_ _7\"></span>ation of the fai<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs80d\">value op<span class=\"_ _9\"></span>tion.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls73 ws48 gs80e\">Insurance an<span class=\"_ _7\"></span>d reinsurance contracts<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs80f\">(<span class=\"_ _9\"></span>a) Liability for incurr<span class=\"_ _9\"></span>ed claims<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs810\">The u<span class=\"_ _7\"></span>ltimate cost of ou<span class=\"_ _7\"></span>tstand<span class=\"_ _7\"></span>ing cla<span class=\"_ _7\"></span>ims is es<span class=\"_ _7\"></span>timated by <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs811\">using a range<span class=\"_ _9\"></span> of standar<span class=\"_ _9\"></span>d actuarial claims pr<span class=\"_ _9\"></span>ojection<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs812\">techniques<span class=\"_ _9\"></span>. The Group relies on<span class=\"_ _9\"></span> actuarial analysis t<span class=\"_ _9\"></span>o<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs813\">estim<span class=\"_ _7\"></span>ate the settle<span class=\"_ _7\"></span>ment c<span class=\"_ _7\"></span>ost of futu<span class=\"_ _7\"></span>re claim<span class=\"_ _7\"></span>s. Via a for<span class=\"_ _7\"></span>mal </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs814\">gov<span class=\"_ _9\"></span>erned process, there<span class=\"_ _9\"></span> is close communicat<span class=\"_ _9\"></span>ion between <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs815\">the actu<span class=\"_ _7\"></span>arie<span class=\"_ _7\"></span>s and othe<span class=\"_ _7\"></span>r key stakehold<span class=\"_ _7\"></span>ers, su<span class=\"_ _7\"></span>ch as the <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs816\">und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wri<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rs, claim<span class=\"_ _7\"></span>s and fin<span class=\"_ _7\"></span>ance tea<span class=\"_ _7\"></span>ms whe<span class=\"_ _7\"></span>n settin<span class=\"_ _7\"></span>g <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs817\">and valida<span class=\"_ _9\"></span>ting the<span class=\"_ _9\"></span> assumptions<span class=\"_ _9\"></span>. The main assumpt<span class=\"_ _9\"></span>ion </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs818\">und<span class=\"_ _7\"></span>erly<span class=\"_ _7\"></span>ing the<span class=\"_ _7\"></span>se techni<span class=\"_ _7\"></span>ques i<span class=\"_ _7\"></span>s that a Group\u2019<span class=\"_ _9\"></span>s past cla<span class=\"_ _7\"></span>ims </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs819\">develo<span class=\"_ _7\"></span>pment ex<span class=\"_ _7\"></span>per<span class=\"_ _7\"></span>ienc<span class=\"_ _7\"></span>e can be u<span class=\"_ _7\"></span>sed to projec<span class=\"_ _7\"></span>t future <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs81a\">claims dev<span class=\"_ _9\"></span>elopment and hence ulti<span class=\"_ _9\"></span>mate<span class=\"_ _9\"></span> claims costs<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs81b\">The<span class=\"_ _7\"></span>se metho<span class=\"_ _7\"></span>ds extr<span class=\"_ _7\"></span>apolate the d<span class=\"_ _7\"></span>evelopm<span class=\"_ _7\"></span>ent of paid a<span class=\"_ _7\"></span>nd </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs81c\">incurred losses,<span class=\"_ _9\"></span> avera<span class=\"_ _9\"></span>ge costs per claim<span class=\"_ _9\"></span> (including claims<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs81d\">han<span class=\"_ _7\"></span>dling co<span class=\"_ _7\"></span>sts)<span class=\"_ _9\"></span>, and cla<span class=\"_ _7\"></span>im numb<span class=\"_ _7\"></span>ers ba<span class=\"_ _7\"></span>sed on the o<span class=\"_ _7\"></span>bser<span class=\"_ _7\"></span>ve<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs81e\">develo<span class=\"_ _7\"></span>pment of e<span class=\"_ _7\"></span>arli<span class=\"_ _7\"></span>er year<span class=\"_ _7\"></span>s and exp<span class=\"_ _7\"></span>ected lo<span class=\"_ _7\"></span>ss ratios. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs81f\">Hist<span class=\"_ _9\"></span>orical claims development is mainly analysed b<span class=\"_ _9\"></span>y accident<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs820\">year<span class=\"_ _7\"></span>s, but ca<span class=\"_ _7\"></span>n also be f<span class=\"_ _7\"></span>ur<span class=\"_ _7\"></span>ther a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>ed by geo<span class=\"_ _7\"></span>graph<span class=\"_ _7\"></span>ical a<span class=\"_ _7\"></span>rea,<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs825\">as well a<span class=\"_ _7\"></span>s by signi<span class=\"_ _7\"></span>ficant bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss lin<span class=\"_ _7\"></span>es and c<span class=\"_ _7\"></span>laim t<span class=\"_ _7\"></span>ype<span class=\"_ _7\"></span>s. In <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs826\">most c<span class=\"_ _7\"></span>ases, no ex<span class=\"_ _7\"></span>plici<span class=\"_ _7\"></span>t assu<span class=\"_ _7\"></span>mptions are m<span class=\"_ _7\"></span>ade reg<span class=\"_ _7\"></span>arding <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs827\">futu<span class=\"_ _7\"></span>re rates of claim<span class=\"_ _7\"></span>s inflation o<span class=\"_ _7\"></span>r loss rati<span class=\"_ _7\"></span>os. Instead, the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs828\">assumption<span class=\"_ _9\"></span>s used are t<span class=\"_ _9\"></span>hose implicit in<span class=\"_ _9\"></span> the hist<span class=\"_ _9\"></span>orical claims<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs829\">develo<span class=\"_ _7\"></span>pment d<span class=\"_ _7\"></span>ata on wh<span class=\"_ _7\"></span>ich the proj<span class=\"_ _7\"></span>ectio<span class=\"_ _7\"></span>ns are base<span class=\"_ _7\"></span>d.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs82a\">Additi<span class=\"_ _7\"></span>onal qu<span class=\"_ _7\"></span>alitati<span class=\"_ _7\"></span>ve judge<span class=\"_ _7\"></span>ment is u<span class=\"_ _7\"></span>sed to asse<span class=\"_ _7\"></span>ss the ex<span class=\"_ _7\"></span>tent <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs82b\">to which pa<span class=\"_ _7\"></span>st trends m<span class=\"_ _7\"></span>ay not appl<span class=\"_ _7\"></span>y in future (for exa<span class=\"_ _7\"></span>mple, to<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs82c\">reflec<span class=\"_ _7\"></span>t one-<span class=\"_ _7\"></span>of<span class=\"_ _7\"></span>f occur<span class=\"_ _7\"></span>renc<span class=\"_ _7\"></span>es, cha<span class=\"_ _7\"></span>nges in ex<span class=\"_ _7\"></span>tern<span class=\"_ _7\"></span>al or ma<span class=\"_ _7\"></span>rket </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs82d\">fact<span class=\"_ _9\"></span>ors such as public<span class=\"_ _9\"></span> attitudes t<span class=\"_ _9\"></span>o claiming<span class=\"_ _9\"></span>, economic </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs82e\">conditions<span class=\"_ _9\"></span>, levels<span class=\"_ _9\"></span> of claims<span class=\"_ _9\"></span> inflation<span class=\"_ _9\"></span>, judicial decisions<span class=\"_ _9\"></span> and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs82f\">leg<span class=\"_ _7\"></span>islatio<span class=\"_ _7\"></span>n, as well as inter<span class=\"_ _7\"></span>nal fac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>s such as p<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tfol<span class=\"_ _7\"></span>io mix, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs830\">poli<span class=\"_ _7\"></span>cy feature<span class=\"_ _7\"></span>s and cla<span class=\"_ _7\"></span>ims ha<span class=\"_ _7\"></span>ndling p<span class=\"_ _7\"></span>roced<span class=\"_ _7\"></span>ures) in orde<span class=\"_ _7\"></span>r t<span class=\"_ _9\"></span>o </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs831\">arr<span class=\"_ _7\"></span>ive at the es<span class=\"_ _7\"></span>timated ultim<span class=\"_ _7\"></span>ate cost of clai<span class=\"_ _7\"></span>ms that pres<span class=\"_ _7\"></span>ent <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs832\">the pr<span class=\"_ _9\"></span>obability-w<span class=\"_ _9\"></span>eight<span class=\"_ _9\"></span>ed expected v<span class=\"_ _9\"></span>alue out<span class=\"_ _9\"></span>come from<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs833\">the ran<span class=\"_ _7\"></span>ge of poss<span class=\"_ _7\"></span>ible ou<span class=\"_ _7\"></span>tcomes, ta<span class=\"_ _7\"></span>king ac<span class=\"_ _7\"></span>count of a<span class=\"_ _7\"></span>ll the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs834\">uncer<span class=\"_ _7\"></span>taint<span class=\"_ _9\"></span>ies involv<span class=\"_ _9\"></span>ed.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs835\">(b<span class=\"_ _9\"></span>) Risk adjust<span class=\"_ _9\"></span>ment for non<span class=\"_ _9\"></span>-financial risk<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs836\">The risk adjust<span class=\"_ _9\"></span>ment for non<span class=\"_ _9\"></span>-financial risk<span class=\"_ _9\"></span> is the compensat<span class=\"_ _9\"></span>ion </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs837\">that the G<span class=\"_ _7\"></span>roup requ<span class=\"_ _7\"></span>ires for be<span class=\"_ _7\"></span>ari<span class=\"_ _7\"></span>ng the unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>taint<span class=\"_ _7\"></span>y ab<span class=\"_ _7\"></span>out the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs838\">amo<span class=\"_ _7\"></span>unt and tim<span class=\"_ _7\"></span>ing of the cas<span class=\"_ _7\"></span>h flows of groups of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs839\">contra<span class=\"_ _7\"></span>cts. The r<span class=\"_ _7\"></span>isk adju<span class=\"_ _7\"></span>stment refl<span class=\"_ _7\"></span>ects an a<span class=\"_ _7\"></span>mount that a<span class=\"_ _7\"></span>n </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs83a\">insu<span class=\"_ _7\"></span>rer would c<span class=\"_ _7\"></span>harge to make it in<span class=\"_ _7\"></span>dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nt betwe<span class=\"_ _7\"></span>en the c<span class=\"_ _7\"></span>ash </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs83b\">flows with a r<span class=\"_ _7\"></span>ange of prob<span class=\"_ _7\"></span>able sc<span class=\"_ _7\"></span>ena<span class=\"_ _7\"></span>rios ver<span class=\"_ _7\"></span>sus eq<span class=\"_ _7\"></span>uival<span class=\"_ _7\"></span>ent <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws84 gs83c\">fixe<span class=\"_ _7\"></span>d cas<span class=\"_ _7\"></span>h flows.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs83d\">T<span class=\"_ _a\"></span>o det<span class=\"_ _9\"></span>ermine the risk a<span class=\"_ _9\"></span>djustment f<span class=\"_ _9\"></span>or non-<span class=\"_ _9\"></span>financial risk for<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs83e\">reinsurance con<span class=\"_ _9\"></span>tracts<span class=\"_ _9\"></span>, the Gr<span class=\"_ _9\"></span>oup applies a combinat<span class=\"_ _9\"></span>ion <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs83f\">of a value at r<span class=\"_ _7\"></span>isk (<span class=\"_ _7\"></span>V<span class=\"_ _9\"></span>aR) (or a pe<span class=\"_ _7\"></span>rcentil<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>) ap<span class=\"_ _7\"></span>proach a<span class=\"_ _7\"></span>nd a </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs840\">scenario-based approach bot<span class=\"_ _9\"></span>h gross and net<span class=\"_ _9\"></span> of reinsurance<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs841\">and d<span class=\"_ _7\"></span>erive<span class=\"_ _7\"></span>s the amo<span class=\"_ _7\"></span>unt of risk b<span class=\"_ _7\"></span>eing tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>red to the <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs842\">reins<span class=\"_ _7\"></span>urer as th<span class=\"_ _7\"></span>e dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nce bet<span class=\"_ _7\"></span>ween th<span class=\"_ _7\"></span>e two res<span class=\"_ _7\"></span>ults. Most </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs843\">busi<span class=\"_ _7\"></span>nes<span class=\"_ _7\"></span>s is meas<span class=\"_ _7\"></span>ured un<span class=\"_ _7\"></span>der the P<span class=\"_ _9\"></span>A<span class=\"_ _7\"></span>A mo<span class=\"_ _7\"></span>del an<span class=\"_ _7\"></span>d therefore <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs844\">the Gro<span class=\"_ _7\"></span>up doe<span class=\"_ _7\"></span>s not calc<span class=\"_ _7\"></span>ulate a risk ad<span class=\"_ _7\"></span>justme<span class=\"_ _7\"></span>nt in relatio<span class=\"_ _7\"></span>n t<span class=\"_ _9\"></span>o </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs845\">LRC e<span class=\"_ _9\"></span>xcluding<span class=\"_ _9\"></span> loss component.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs846\">For t<span class=\"_ _9\"></span>he incurred claim l<span class=\"_ _9\"></span>iabilities measurement purposes<span class=\"_ _9\"></span>, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs847\">the Gro<span class=\"_ _7\"></span>up calc<span class=\"_ _7\"></span>ulates the r<span class=\"_ _7\"></span>isk adju<span class=\"_ _7\"></span>stment at e<span class=\"_ _7\"></span>ach insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs848\">und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>tak<span class=\"_ _7\"></span>ing entit<span class=\"_ _7\"></span>y in ac<span class=\"_ _7\"></span>corda<span class=\"_ _7\"></span>nce wi<span class=\"_ _7\"></span>th its risk p<span class=\"_ _7\"></span>rofile usin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs849\">a com<span class=\"_ _7\"></span>bination of VaR method a<span class=\"_ _7\"></span>nd sce<span class=\"_ _7\"></span>nari<span class=\"_ _7\"></span>o anal<span class=\"_ _7\"></span>ysis </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs84a\">targ<span class=\"_ _7\"></span>eting an overa<span class=\"_ _7\"></span>ll confid<span class=\"_ _7\"></span>ence l<span class=\"_ _7\"></span>evel for the agg<span class=\"_ _7\"></span>regate ris<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs84b\">distr<span class=\"_ _7\"></span>ibutio<span class=\"_ _7\"></span>n. Scena<span class=\"_ _7\"></span>rio an<span class=\"_ _7\"></span>alysi<span class=\"_ _7\"></span>s is used to deter<span class=\"_ _7\"></span>mine the l<span class=\"_ _7\"></span>evel of<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs84c\">com<span class=\"_ _7\"></span>pens<span class=\"_ _7\"></span>ation that the G<span class=\"_ _7\"></span>roup requ<span class=\"_ _7\"></span>ires for b<span class=\"_ _7\"></span>eari<span class=\"_ _7\"></span>ng unce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>taint<span class=\"_ _7\"></span>y </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs84d\">about the lar<span class=\"_ _9\"></span>ge event<span class=\"_ _a\"></span>-driven claims, f<span class=\"_ _9\"></span>or example<span class=\"_ _9\"></span> natural<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs84e\">cata<span class=\"_ _7\"></span>strophe. Th<span class=\"_ _7\"></span>is ele<span class=\"_ _7\"></span>ment of the co<span class=\"_ _7\"></span>mpen<span class=\"_ _7\"></span>sation for r<span class=\"_ _7\"></span>isk ta<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs84f\">into consi<span class=\"_ _7\"></span>deratio<span class=\"_ _7\"></span>n the rang<span class=\"_ _7\"></span>e of potential outco<span class=\"_ _7\"></span>mes fro<span class=\"_ _7\"></span>m an </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs850\">event an<span class=\"_ _7\"></span>d the sens<span class=\"_ _7\"></span>itivi<span class=\"_ _7\"></span>ties of the lo<span class=\"_ _7\"></span>ss posi<span class=\"_ _7\"></span>tions in a<span class=\"_ _7\"></span>ny model<span class=\"_ _7\"></span>led </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs851\">sce<span class=\"_ _7\"></span>nari<span class=\"_ _7\"></span>os. Give<span class=\"_ _7\"></span>n the nature of the un<span class=\"_ _7\"></span>derl<span class=\"_ _7\"></span>ying b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs852\">los<span class=\"_ _7\"></span>ses it is n<span class=\"_ _7\"></span>orma<span class=\"_ _7\"></span>l for new ris<span class=\"_ _7\"></span>ks to becom<span class=\"_ _7\"></span>e appare<span class=\"_ _7\"></span>nt or for <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs853\">the mag<span class=\"_ _7\"></span>nitude of exi<span class=\"_ _7\"></span>sting ris<span class=\"_ _7\"></span>ks to change ove<span class=\"_ _7\"></span>r time.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs854\">Grou<span class=\"_ _7\"></span>p divers<span class=\"_ _7\"></span>ificati<span class=\"_ _7\"></span>on ben<span class=\"_ _7\"></span>efit is not co<span class=\"_ _7\"></span>nside<span class=\"_ _7\"></span>red at the ind<span class=\"_ _7\"></span>ivid<span class=\"_ _7\"></span>ual </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs855\">insu<span class=\"_ _7\"></span>rance u<span class=\"_ _7\"></span>nder<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>kin<span class=\"_ _7\"></span>g entit<span class=\"_ _7\"></span>y level but i<span class=\"_ _7\"></span>s consi<span class=\"_ _7\"></span>dered i<span class=\"_ _7\"></span>n </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs856\">determ<span class=\"_ _7\"></span>ining th<span class=\"_ _7\"></span>e confide<span class=\"_ _7\"></span>nce leve<span class=\"_ _7\"></span>l at a conso<span class=\"_ _7\"></span>lidated level </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs857\">for disc<span class=\"_ _7\"></span>losure p<span class=\"_ _7\"></span>urpo<span class=\"_ _7\"></span>ses. At 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2023<span class=\"_ _9\"></span>, the r<span class=\"_ _7\"></span>isk </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs858\">adju<span class=\"_ _7\"></span>stment in re<span class=\"_ _7\"></span>spe<span class=\"_ _7\"></span>ct of the LIC net of rei<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce is at the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs859\">83rd pe<span class=\"_ _7\"></span>rcentil<span class=\"_ _7\"></span>e (3<span class=\"_ _9\"></span>1 Dece<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 2022<span class=\"_ _9\"></span>: 7<span class=\"_ _9\"></span>8th pe<span class=\"_ _7\"></span>rcentile)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls39 ws43 gs85a\">(<span class=\"_ _9\"></span>c) P<span class=\"_ _9\"></span>remium allocation approa<span class=\"_ _9\"></span>ch eligibility asse<span class=\"_ _7\"></span>ssment<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs85b\">A simplified measurement<span class=\"_ _9\"></span> model, t<span class=\"_ _9\"></span>he P<span class=\"_ _9\"></span>AA<span class=\"_ _7\"></span>, can be<span class=\"_ _9\"></span> applied if </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs85c\">cer<span class=\"_ _7\"></span>tain eligibil<span class=\"_ _9\"></span>it<span class=\"_ _7\"></span>y crit<span class=\"_ _9\"></span>eria are met<span class=\"_ _9\"></span>. The majority of<span class=\"_ _9\"></span> the Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs85d\">poli<span class=\"_ _7\"></span>cies h<span class=\"_ _7\"></span>ave a coverage pe<span class=\"_ _7\"></span>riod of 1<span class=\"_ _9\"></span>2 months or l<span class=\"_ _7\"></span>ess a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs85e\">so are<span class=\"_ _9\"></span> eligible for t<span class=\"_ _9\"></span>he P<span class=\"_ _a\"></span>A<span class=\"_ _7\"></span>A<span class=\"_ _7\"></span>. Management applies sign<span class=\"_ _9\"></span>ificant </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs85f\">judg<span class=\"_ _7\"></span>ment w<span class=\"_ _7\"></span>hether a<span class=\"_ _7\"></span>pply<span class=\"_ _7\"></span>ing P<span class=\"_ _9\"></span>A<span class=\"_ _7\"></span>A to those groups of c<span class=\"_ _7\"></span>ontracts </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs860\">would di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>fer materi<span class=\"_ _7\"></span>ally f<span class=\"_ _7\"></span>rom GMM w<span class=\"_ _7\"></span>ith a coverag<span class=\"_ _7\"></span>e peri<span class=\"_ _7\"></span>od </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs861\">exten<span class=\"_ _7\"></span>ding beyon<span class=\"_ _7\"></span>d 1<span class=\"_ _a\"></span>2 mo<span class=\"_ _7\"></span>nths.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs862\">Significant account<span class=\"_ _9\"></span>ing estima<span class=\"_ _9\"></span>tes<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs863\">All e<span class=\"_ _7\"></span>stimates are b<span class=\"_ _7\"></span>ased o<span class=\"_ _7\"></span>n manag<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt\u2019<span class=\"_ _9\"></span>s knowle<span class=\"_ _7\"></span>dge <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs864\">of curr<span class=\"_ _9\"></span>ent facts<span class=\"_ _9\"></span> and circumstances<span class=\"_ _9\"></span>, assumptions<span class=\"_ _9\"></span> based <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs865\">on that k<span class=\"_ _7\"></span>nowle<span class=\"_ _7\"></span>dge and th<span class=\"_ _7\"></span>eir pre<span class=\"_ _7\"></span>dictio<span class=\"_ _7\"></span>ns of future even<span class=\"_ _7\"></span>ts.<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws41 gs866\">Actu<span class=\"_ _7\"></span>al re<span class=\"_ _7\"></span>su<span class=\"_ _7\"></span>lts may di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>fer from th<span class=\"_ _7\"></span>ose estim<span class=\"_ _7\"></span>ates, possi<span class=\"_ _7\"></span>bly </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs867\">signifi<span class=\"_ _9\"></span>cantly<span class=\"_ _a\"></span>. Re<span class=\"_ _9\"></span>vision<span class=\"_ _9\"></span>s t<span class=\"_ _9\"></span>o accounting est<span class=\"_ _9\"></span>imates are<span class=\"_ _9\"></span> recognised </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs868\">in the pe<span class=\"_ _7\"></span>riod i<span class=\"_ _7\"></span>n whic<span class=\"_ _7\"></span>h the estim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e is rev<span class=\"_ _7\"></span>ised a<span class=\"_ _7\"></span>nd in any <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls18 ws4c gs869\">fu<span class=\"_ _7\"></span>ture per<span class=\"_ _7\"></span>iods af<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>cted.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs86a\">The m<span class=\"_ _7\"></span>ost cr<span class=\"_ _7\"></span>itical e<span class=\"_ _7\"></span>stimate incl<span class=\"_ _7\"></span>uded w<span class=\"_ _7\"></span>ithin the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs86b\">bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet is the m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nt of insura<span class=\"_ _7\"></span>nce contr<span class=\"_ _7\"></span>act </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs86c\">liabilities and<span class=\"_ _9\"></span> reinsurance cont<span class=\"_ _9\"></span>ract held assets<span class=\"_ _9\"></span>, and in<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs86d\">par<span class=\"_ _7\"></span>tic<span class=\"_ _9\"></span>ular the estima<span class=\"_ _9\"></span>te o<span class=\"_ _9\"></span>f the<span class=\"_ _9\"></span> liability for incurred claims<span class=\"_ _9\"></span> (LIC)<span class=\"_ _a\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs86e\">The total gro<span class=\"_ _7\"></span>ss esti<span class=\"_ _7\"></span>mate of LIC as at 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2023 is<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs86f\">$6,604.<span class=\"_ _9\"></span>0 mil<span class=\"_ _7\"></span>lion (2022<span class=\"_ _9\"></span>: $6,694<span class=\"_ _9\"></span>.3 mill<span class=\"_ _7\"></span>ion)<span class=\"_ _9\"></span>. The total es<span class=\"_ _7\"></span>timate for </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs870\">reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e asset fo<span class=\"_ _7\"></span>r incur<span class=\"_ _7\"></span>red cla<span class=\"_ _7\"></span>ims as at 31 Dece<span class=\"_ _7\"></span>mber 2023 </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs871\">is $ 2<span class=\"_ _9\"></span>,098.3 mi<span class=\"_ _7\"></span>llion (2022<span class=\"_ _9\"></span>: $2<span class=\"_ _9\"></span>,5<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>7<span class=\"_ _20\"></span>.<span class=\"_ _7\"></span>2 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>).<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls73 ws48 gs872\">Insurance an<span class=\"_ _7\"></span>d reinsurance contracts<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs873\">In app<span class=\"_ _7\"></span>lyin<span class=\"_ _7\"></span>g IFRS 1<span class=\"_ _a\"></span>7 me<span class=\"_ _7\"></span>asurem<span class=\"_ _7\"></span>ent req<span class=\"_ _7\"></span>uireme<span class=\"_ _7\"></span>nts, the followi<span class=\"_ _7\"></span>ng </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs874\">inputs and met<span class=\"_ _9\"></span>hods were used<span class=\"_ _9\"></span> that include significant<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs875\">estim<span class=\"_ _7\"></span>ates. The pre<span class=\"_ _7\"></span>sent val<span class=\"_ _7\"></span>ue of futu<span class=\"_ _7\"></span>re cash flows i<span class=\"_ _7\"></span>s estimated </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs876\">using det<span class=\"_ _9\"></span>erministic scenarios. The assumption<span class=\"_ _9\"></span>s used in </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs877\">the deter<span class=\"_ _7\"></span>ministi<span class=\"_ _7\"></span>c scen<span class=\"_ _7\"></span>ario<span class=\"_ _7\"></span>s are der<span class=\"_ _7\"></span>ived to approxim<span class=\"_ _7\"></span>ate the<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs878\">proba<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y-weighted me<span class=\"_ _7\"></span>an of a full ra<span class=\"_ _7\"></span>nge of sc<span class=\"_ _7\"></span>enar<span class=\"_ _7\"></span>ios. For <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs879\">the sensit<span class=\"_ _9\"></span>ivities with regar<span class=\"_ _9\"></span>d to<span class=\"_ _9\"></span> the assumpt<span class=\"_ _9\"></span>ions made t<span class=\"_ _9\"></span>hat<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs87a\">hav<span class=\"_ _9\"></span>e the most<span class=\"_ _9\"></span> significant impact on<span class=\"_ _9\"></span> measurement under<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs87b\">IFRS 1<span class=\"_ _a\"></span>7<span class=\"_ _20\"></span>, p<span class=\"_ _7\"></span>leas<span class=\"_ _7\"></span>e refer to not<span class=\"_ _9\"></span>e 3, man<span class=\"_ _7\"></span>ageme<span class=\"_ _7\"></span>nt of risk.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gs87c\">(a) Discou<span class=\"_ _7\"></span>nt rates<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs87d\">Insurance cont<span class=\"_ _9\"></span>ract liabilit<span class=\"_ _9\"></span>ies are calculat<span class=\"_ _9\"></span>ed by<span class=\"_ _9\"></span> discounting<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs87e\">expe<span class=\"_ _7\"></span>cted futu<span class=\"_ _7\"></span>re cash fl<span class=\"_ _7\"></span>ows at a risk<span class=\"_ _9\"></span>-free rate, plus a<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs87f\">illiq<span class=\"_ _7\"></span>uidit<span class=\"_ _7\"></span>y pre<span class=\"_ _7\"></span>mium wh<span class=\"_ _7\"></span>ere app<span class=\"_ _7\"></span>lica<span class=\"_ _7\"></span>ble. Risk-<span class=\"_ _9\"></span>fre<span class=\"_ _7\"></span>e rates were </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs880\">der<span class=\"_ _7\"></span>ived us<span class=\"_ _7\"></span>ing swap rates avail<span class=\"_ _7\"></span>able i<span class=\"_ _7\"></span>n the mar<span class=\"_ _7\"></span>ket denomi<span class=\"_ _7\"></span>nated </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs881\">in the s<span class=\"_ _7\"></span>ame cur<span class=\"_ _7\"></span>rency a<span class=\"_ _7\"></span>s the insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ontracts be<span class=\"_ _7\"></span>ing </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs882\">mea<span class=\"_ _7\"></span>sured. Wh<span class=\"_ _7\"></span>en swap rates a<span class=\"_ _7\"></span>re not availabl<span class=\"_ _7\"></span>e, highly l<span class=\"_ _7\"></span>iquid </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs883\">sov<span class=\"_ _9\"></span>ereign bonds with<span class=\"_ _9\"></span> the highest<span class=\"_ _9\"></span>, for<span class=\"_ _9\"></span> example<span class=\"_ _9\"></span>, A<span class=\"_ _7\"></span>A<span class=\"_ _7\"></span>A<span class=\"_ _7\"></span>/<span class=\"_ _a\"></span>A<span class=\"_ _7\"></span>A <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs884\">cred<span class=\"_ _7\"></span>it rating were u<span class=\"_ _7\"></span>sed.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs885\">Management uses judgement to<span class=\"_ _9\"></span> asses<span class=\"_ _7\"></span>s liquidity<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs886\">cha<span class=\"_ _7\"></span>racteris<span class=\"_ _7\"></span>tics of the li<span class=\"_ _7\"></span>abilit<span class=\"_ _7\"></span>y ca<span class=\"_ _7\"></span>sh flows. Th<span class=\"_ _7\"></span>e illiqu<span class=\"_ _7\"></span>idit<span class=\"_ _7\"></span>y <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs887\">prem<span class=\"_ _7\"></span>ium was es<span class=\"_ _7\"></span>timated base<span class=\"_ _7\"></span>d on mar<span class=\"_ _7\"></span>ket obser<span class=\"_ _7\"></span>va<span class=\"_ _7\"></span>ble liqu<span class=\"_ _7\"></span>idit<span class=\"_ _7\"></span>y </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs888\">premiums in financial asset<span class=\"_ _9\"></span>s, adjust<span class=\"_ _9\"></span>ed t<span class=\"_ _9\"></span>o reflect the<span class=\"_ _9\"></span> illiquidity </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs889\">cha<span class=\"_ _7\"></span>racteris<span class=\"_ _7\"></span>tics of the li<span class=\"_ _7\"></span>abilit<span class=\"_ _7\"></span>y ca<span class=\"_ _7\"></span>sh flows. Th<span class=\"_ _7\"></span>e illiqu<span class=\"_ _7\"></span>idit<span class=\"_ _7\"></span>y premi<span class=\"_ _7\"></span>um </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs88a\">is deter<span class=\"_ _7\"></span>mined by refe<span class=\"_ _7\"></span>rence to mar<span class=\"_ _7\"></span>ket obser<span class=\"_ _7\"></span>va<span class=\"_ _7\"></span>ble A<span class=\"_ _7\"></span>A-rated </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs88b\">bond<span class=\"_ _7\"></span>s yiel<span class=\"_ _7\"></span>d cur<span class=\"_ _7\"></span>ve in the cu<span class=\"_ _7\"></span>rrenc<span class=\"_ _7\"></span>y of the insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntract </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs88c\">bei<span class=\"_ _7\"></span>ng mea<span class=\"_ _7\"></span>sured, adju<span class=\"_ _7\"></span>sted to remove both expec<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed a<span class=\"_ _7\"></span>nd </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs88d\">unexpect<span class=\"_ _9\"></span>ed credit risk.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs88e\">The follo<span class=\"_ _9\"></span>wing discount r<span class=\"_ _9\"></span>ates w<span class=\"_ _9\"></span>ere applied f<span class=\"_ _9\"></span>or the currencies<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs88f\">and periods presented<span class=\"_ _9\"></span> below:</div><div class=\"gs890\"><table class=\"s w17d ha0\" id=\"_795d9b0f-08d2-4f85-8042-66fed830d51e\"><tr><td></td><td></td><td></td><td class=\"t m0 x3a3 h43 y1f5a ff64 fs28 fc2 sc0 ls145 ws1dc\"> <span class=\"_ _1c4\"> </span>Y<span class=\"_ _9\"></span>ear end<span class=\"_ _9\"></span> 31<span class=\"_ _9\"></span> December 2<span class=\"_ _9\"></span>023<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3a4 h43 y1f5b ff64 fs28 fc2 sc0 ls145 ws1dc\">1 y<span class=\"_ _9\"></span>ear<span class=\"_ _304\"> </span></td><td class=\"t m0 x3a5 h43 y1f5b ff64 fs28 fc2 sc0 ls145 ws1dc\">3 y<span class=\"_ _9\"></span>ear<span class=\"_ _304\"> </span></td><td class=\"t m0 x3a6 h43 y1f5b ff64 fs28 fc2 sc0 ls145 ws1dc\">5 y<span class=\"_ _9\"></span>ear<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3a7 h43 y1f5c ff64 fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td><td class=\"t m0 x3a8 h43 y1f5c ff64 fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td><td class=\"t m0 x3a9 h43 y1f5c ff64 fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f41 w17e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">USD<span class=\"_ _304\"> </span></div></td><td class=\"c n x3aa y1f41 wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.8<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ab y1f41 w17f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.92<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ac y1f41 w180 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls140 ws226\">3<span class=\"_ _2c\"></span>.<span class=\"_ _7\"></span>74<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f5d w181 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">GBP<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ad y1f5d w182 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8a wsa0\">4.<span class=\"_ _7\"></span>97<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ae y1f5d w183 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">4<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x3af y1f5d w184 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.82<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e7d w185 h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws120\">EUR<span class=\"_ _304\"> </span></div></td><td class=\"c n x3b0 y1e7d wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">3<span class=\"_ _7\"></span>.49<span class=\"_ _304\"> </span></div></td><td class=\"c n x3b1 y1e7d w186 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>.75<span class=\"_ _304\"> </span></div></td><td class=\"c n x3b2 y1e7d w17b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.6<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w187 h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">CAD<span class=\"_ _304\"> </span></div></td><td class=\"c n x3b3 y1e80 w188 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.63<span class=\"_ _304\"> </span></div></td><td class=\"c n x3b4 y1e80 w189 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">3.6<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x3b5 y1e80 w184 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.39</div></td></tr></table></div><div class=\"gs892\"><table class=\"s w18a ha1\" id=\"_474a364d-5acf-4d10-a844-cd17b64be1a4\"><tr><td></td><td></td><td></td><td class=\"t m0 x3b6 h44 y1f5e ff5f fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _1c6\"> </span>Y<span class=\"_ _9\"></span>ea<span class=\"_ _7\"></span>r en<span class=\"_ _7\"></span>d 31 Dece<span class=\"_ _7\"></span>mb<span class=\"_ _7\"></span>er 2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3b7 h44 y1f5f ff5f fs28 fc2 sc0 lse4 ws15d\">1 yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></td><td class=\"t m0 x3b8 h44 y1f5f ff5f fs28 fc2 sc0 lse4 ws15d\">3 yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></td><td class=\"t m0 x3b9 h44 y1f5f ff5f fs28 fc2 sc0 lse4 ws15d\">5 yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3ba h44 y1f60 ff5f fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td><td class=\"t m0 x3bb h44 y1f60 ff5f fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td><td class=\"t m0 x3bc h44 y1f60 ff5f fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f41 w17e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">USD<span class=\"_ _304\"> </span></div></td><td class=\"c n x3aa y1f41 w18b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x3bd y1f41 w18c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">4<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>24<span class=\"_ _304\"> </span></div></td><td class=\"c n x3be y1f41 w4d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.0<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f42 w181 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">GBP<span class=\"_ _304\"> </span></div></td><td class=\"c n x3bf y1f42 w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.5<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c0 y1f42 w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.6<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c1 y1f42 w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.5<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f61 w185 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws120\">EUR<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c2 y1f61 w18d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c3 y1f61 w18e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsde ws144\">3.<span class=\"_ _7\"></span>28<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c4 y1f61 w18f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>31<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w187 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">CAD<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c5 y1e80 w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.6<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c6 y1e80 w190 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>03<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c7 y1e80 w191 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">3<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>74<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gs893\">(b) Estimates of fu<span class=\"_ _7\"></span>ture cas<span class=\"_ _7\"></span>h flows t<span class=\"_ _9\"></span>o fu<span class=\"_ _7\"></span>lfil ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contracts<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs894\">Incl<span class=\"_ _7\"></span>uded in th<span class=\"_ _7\"></span>e meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt of each g<span class=\"_ _7\"></span>roup of contrac<span class=\"_ _7\"></span>ts <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs895\">withi<span class=\"_ _7\"></span>n the scop<span class=\"_ _7\"></span>e of IFRS 1<span class=\"_ _a\"></span>7 are al<span class=\"_ _7\"></span>l of the future c<span class=\"_ _7\"></span>ash flows </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs896\">withi<span class=\"_ _7\"></span>n the boun<span class=\"_ _7\"></span>dar<span class=\"_ _7\"></span>y of eac<span class=\"_ _7\"></span>h group of co<span class=\"_ _7\"></span>ntracts. The e<span class=\"_ _7\"></span>stimates </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs897\">of these f<span class=\"_ _7\"></span>uture c<span class=\"_ _7\"></span>ash flows are b<span class=\"_ _7\"></span>ased on p<span class=\"_ _7\"></span>robabi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y-<span class=\"_ _9\"></span>weig<span class=\"_ _7\"></span>ht<span class=\"_ _9\"></span>ed </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs898\">expe<span class=\"_ _7\"></span>cted futu<span class=\"_ _7\"></span>re cash fl<span class=\"_ _7\"></span>ows. The Grou<span class=\"_ _7\"></span>p estimates w<span class=\"_ _7\"></span>hich <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs899\">cas<span class=\"_ _7\"></span>h flows are expe<span class=\"_ _7\"></span>cted and th<span class=\"_ _7\"></span>e probab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y that they wil<span class=\"_ _7\"></span>l<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs89a\">occ<span class=\"_ _7\"></span>ur as at the me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>ment d<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e. In set<span class=\"_ _7\"></span>ting the<span class=\"_ _7\"></span>se </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs89b\">expe<span class=\"_ _7\"></span>ctations, the G<span class=\"_ _7\"></span>roup us<span class=\"_ _7\"></span>es infor<span class=\"_ _7\"></span>mation ab<span class=\"_ _7\"></span>out pas<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs89c\">even<span class=\"_ _9\"></span>ts, curr<span class=\"_ _9\"></span>ent conditions<span class=\"_ _9\"></span> and forecasts<span class=\"_ _9\"></span> of future<span class=\"_ _9\"></span> conditions.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs89d\">The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s e<span class=\"_ _7\"></span>stimate of future c<span class=\"_ _7\"></span>ash flows is th<span class=\"_ _7\"></span>e mean of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs89e\">a rang<span class=\"_ _7\"></span>e of scen<span class=\"_ _7\"></span>ario<span class=\"_ _7\"></span>s that reflec<span class=\"_ _7\"></span>t the full r<span class=\"_ _7\"></span>ange of pos<span class=\"_ _7\"></span>sibl<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs89f\">outcom<span class=\"_ _7\"></span>es. Each s<span class=\"_ _7\"></span>cena<span class=\"_ _7\"></span>rio sp<span class=\"_ _7\"></span>ecifi<span class=\"_ _7\"></span>es the a<span class=\"_ _7\"></span>mount, timing a<span class=\"_ _7\"></span>nd </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs8a0\">probability of<span class=\"_ _9\"></span> cash flows<span class=\"_ _9\"></span>. The probability<span class=\"_ _9\"></span>-weigh<span class=\"_ _9\"></span>ted a<span class=\"_ _9\"></span>verage<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8a1\">of the fu<span class=\"_ _7\"></span>ture cash fl<span class=\"_ _7\"></span>ows is calc<span class=\"_ _7\"></span>ulated usi<span class=\"_ _7\"></span>ng a determ<span class=\"_ _7\"></span>inistic </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs8a2\">scenario representing the<span class=\"_ _9\"></span> probability-<span class=\"_ _9\"></span>weighted mean o<span class=\"_ _9\"></span>f <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8a3\">a rang<span class=\"_ _7\"></span>e of scen<span class=\"_ _7\"></span>ario<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8a4\">Whe<span class=\"_ _7\"></span>re estim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s of e<span class=\"_ _9\"></span>x<span class=\"_ _7\"></span>pense<span class=\"_ _7\"></span>s-related c<span class=\"_ _7\"></span>ash flows are </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8a5\">determ<span class=\"_ _7\"></span>ined at th<span class=\"_ _7\"></span>e por<span class=\"_ _7\"></span>tfo<span class=\"_ _7\"></span>lio level o<span class=\"_ _7\"></span>r highe<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>, they are a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8a6\">to groups of contr<span class=\"_ _7\"></span>acts on a systemati<span class=\"_ _7\"></span>c basis, su<span class=\"_ _7\"></span>ch as <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs8a7\">activity-based cost<span class=\"_ _9\"></span>ing method<span class=\"_ _9\"></span>. The Group has det<span class=\"_ _9\"></span>ermined </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8a8\">that this m<span class=\"_ _7\"></span>ethod resu<span class=\"_ _7\"></span>lts in a systemati<span class=\"_ _7\"></span>c and ration<span class=\"_ _7\"></span>al all<span class=\"_ _7\"></span>ocation. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8a9\">Simi<span class=\"_ _7\"></span>lar metho<span class=\"_ _7\"></span>ds are co<span class=\"_ _7\"></span>nsistently a<span class=\"_ _7\"></span>ppli<span class=\"_ _7\"></span>ed to alloc<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8aa\">of a simil<span class=\"_ _7\"></span>ar nature. Acqu<span class=\"_ _7\"></span>isitio<span class=\"_ _7\"></span>n cash fl<span class=\"_ _7\"></span>ows are ty<span class=\"_ _7\"></span>pica<span class=\"_ _7\"></span>lly al<span class=\"_ _7\"></span>located </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8ab\">to groups of contr<span class=\"_ _7\"></span>acts base<span class=\"_ _7\"></span>d on gros<span class=\"_ _7\"></span>s premiu<span class=\"_ _7\"></span>ms wri<span class=\"_ _7\"></span>tten. <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8ac\">Thi<span class=\"_ _7\"></span>s inclu<span class=\"_ _7\"></span>des an a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>ation of acqu<span class=\"_ _7\"></span>isition c<span class=\"_ _7\"></span>ash flows a<span class=\"_ _7\"></span>mong <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8ad\">existin<span class=\"_ _7\"></span>g groups of ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts issue<span class=\"_ _7\"></span>d. Claims </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8ae\">set<span class=\"_ _7\"></span>tleme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>-related ex<span class=\"_ _7\"></span>pense<span class=\"_ _7\"></span>s are la<span class=\"_ _7\"></span>rgely a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed b<span class=\"_ _7\"></span>ased <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs8af\">on claims cost<span class=\"_ _9\"></span>s.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8b0\">Unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>taint<span class=\"_ _7\"></span>y in the e<span class=\"_ _7\"></span>stimatio<span class=\"_ _7\"></span>n of future cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d bene<span class=\"_ _7\"></span>fit </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls99 wsb0 gs8b1\">pa<span class=\"_ _9\"></span>yments<span class=\"_ _9\"></span> arises prim<span class=\"_ _9\"></span>arily fr<span class=\"_ _9\"></span>om the<span class=\"_ _9\"></span> sev<span class=\"_ _9\"></span>erity and fr<span class=\"_ _9\"></span>equency<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8b2\">of clai<span class=\"_ _7\"></span>ms and un<span class=\"_ _7\"></span>cer<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>inties re<span class=\"_ _7\"></span>gardin<span class=\"_ _7\"></span>g future i<span class=\"_ _7\"></span>nflation rates </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs8b3\">leading t<span class=\"_ _9\"></span>o claims and claims-handling<span class=\"_ _9\"></span> expenses growth.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8b4\">Ass<span class=\"_ _7\"></span>umptions u<span class=\"_ _7\"></span>sed to develop e<span class=\"_ _7\"></span>stimates a<span class=\"_ _7\"></span>bout f<span class=\"_ _7\"></span>uture cas<span class=\"_ _7\"></span>h </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8b5\">flows are re<span class=\"_ _7\"></span>asse<span class=\"_ _7\"></span>ssed at e<span class=\"_ _7\"></span>ach re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting date and a<span class=\"_ _7\"></span>djusted </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls18 ws4c gs8b6\">whe<span class=\"_ _7\"></span>re requ<span class=\"_ _7\"></span>ired.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gs8b7\">(c<span class=\"_ _9\"></span>) Fair valu<span class=\"_ _7\"></span>e mea<span class=\"_ _7\"></span>sureme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8b8\">The G<span class=\"_ _7\"></span>roup ca<span class=\"_ _7\"></span>rri<span class=\"_ _7\"></span>es its fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l investme<span class=\"_ _7\"></span>nts at fair valu<span class=\"_ _7\"></span>e <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8b9\">throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s, with fai<span class=\"_ _7\"></span>r values d<span class=\"_ _7\"></span>etermin<span class=\"_ _7\"></span>ed usi<span class=\"_ _7\"></span>ng </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs8ba\">published price quo<span class=\"_ _9\"></span>tations<span class=\"_ _9\"></span> in the most<span class=\"_ _9\"></span> active<span class=\"_ _9\"></span> financial market<span class=\"_ _9\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8bb\">in whi<span class=\"_ _7\"></span>ch the as<span class=\"_ _7\"></span>sets trade, whe<span class=\"_ _7\"></span>re availab<span class=\"_ _7\"></span>le. Where q<span class=\"_ _7\"></span>uoted </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8bc\">mar<span class=\"_ _7\"></span>ket price<span class=\"_ _7\"></span>s are not availa<span class=\"_ _7\"></span>ble, valuati<span class=\"_ _7\"></span>on techni<span class=\"_ _7\"></span>ques a<span class=\"_ _7\"></span>re </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8bd\">use<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o valu<span class=\"_ _7\"></span>e finan<span class=\"_ _7\"></span>cial in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nts. The<span class=\"_ _7\"></span>se incl<span class=\"_ _7\"></span>ude third-pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8be\">valuati<span class=\"_ _7\"></span>on repo<span class=\"_ _7\"></span>rts a<span class=\"_ _7\"></span>nd mod<span class=\"_ _7\"></span>els utili<span class=\"_ _7\"></span>sing both ob<span class=\"_ _7\"></span>ser<span class=\"_ _7\"></span>vabl<span class=\"_ _7\"></span>e and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs8bf\">unobser<span class=\"_ _7\"></span>vable<span class=\"_ _9\"></span> market input<span class=\"_ _9\"></span>s. V<span class=\"_ _9\"></span>aluat<span class=\"_ _9\"></span>ion t<span class=\"_ _9\"></span>echniques involv<span class=\"_ _9\"></span>e </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8c0\">judg<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, inc<span class=\"_ _7\"></span>ludin<span class=\"_ _7\"></span>g the use of valu<span class=\"_ _7\"></span>ation mod<span class=\"_ _7\"></span>els an<span class=\"_ _7\"></span>d their </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8c1\">inpu<span class=\"_ _7\"></span>ts, which c<span class=\"_ _7\"></span>an le<span class=\"_ _7\"></span>ad t<span class=\"_ _9\"></span>o a ra<span class=\"_ _7\"></span>nge of plau<span class=\"_ _7\"></span>sible va<span class=\"_ _7\"></span>luation<span class=\"_ _7\"></span>s for </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs8c2\">financial inv<span class=\"_ _9\"></span>estments<span class=\"_ _9\"></span>. Not<span class=\"_ _9\"></span>e 3.<span class=\"_ _9\"></span>3(<span class=\"_ _9\"></span>a) discusses t<span class=\"_ _9\"></span>he reliability of<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8c3\">the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s fair valu<span class=\"_ _7\"></span>es.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gs8c4\">(<span class=\"_ _9\"></span>d) Employ<span class=\"_ _9\"></span>ee benefit </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs8c5\">The employ<span class=\"_ _9\"></span>ee retir<span class=\"_ _9\"></span>ement benefit scheme obligat<span class=\"_ _9\"></span>ions are<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8c6\">cal<span class=\"_ _7\"></span>culated an<span class=\"_ _7\"></span>d value<span class=\"_ _7\"></span>d with refere<span class=\"_ _7\"></span>nce to a numbe<span class=\"_ _7\"></span>r of actuar<span class=\"_ _7\"></span>ial </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs8c7\">assumptions in<span class=\"_ _9\"></span>cluding mor<span class=\"_ _7\"></span>tality<span class=\"_ _9\"></span>,<span class=\"_ _9\"></span> inflation ra<span class=\"_ _9\"></span>tes and discoun<span class=\"_ _9\"></span>t </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8c8\">rate, many of which h<span class=\"_ _7\"></span>ave been su<span class=\"_ _7\"></span>bjec<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o rec<span class=\"_ _7\"></span>ent volatil<span class=\"_ _7\"></span>ity<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs8c9\">This complex<span class=\"_ _9\"></span> set of<span class=\"_ _9\"></span> economic variables can hav<span class=\"_ _9\"></span>e a significant<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8ca\">impac<span class=\"_ _7\"></span>t on the fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l statements, a<span class=\"_ _7\"></span>s shown in note 2<span class=\"_ _9\"></span>4<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls8 wsb4 gs8cb\">(e) T<span class=\"_ _9\"></span>a<span class=\"_ _7\"></span>x </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8cc\">The G<span class=\"_ _7\"></span>roup op<span class=\"_ _7\"></span>erates in a mu<span class=\"_ _7\"></span>ltination<span class=\"_ _7\"></span>al envi<span class=\"_ _7\"></span>ronme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8cd\">leg<span class=\"_ _7\"></span>islatio<span class=\"_ _7\"></span>n conce<span class=\"_ _7\"></span>rnin<span class=\"_ _7\"></span>g the determ<span class=\"_ _7\"></span>ination of ta<span class=\"_ _7\"></span>xati<span class=\"_ _7\"></span>on of assets </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs8ce\">and liabilities<span class=\"_ _9\"></span> is complex and<span class=\"_ _9\"></span> continually e<span class=\"_ _9\"></span>volving.<span class=\"_ _9\"></span> In preparing<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs8cf\">the financial<span class=\"_ _9\"></span> stat<span class=\"_ _9\"></span>ements, t<span class=\"_ _9\"></span>he Group applies significant<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8d0\">judg<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nts in iden<span class=\"_ _7\"></span>tif<span class=\"_ _7\"></span>ying u<span class=\"_ _7\"></span>ncer<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>inties over t<span class=\"_ _7\"></span>ax tre<span class=\"_ _7\"></span>atments a<span class=\"_ _7\"></span>nd </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8d1\">in the me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>ment of the p<span class=\"_ _7\"></span>rovision b<span class=\"_ _7\"></span>eing th<span class=\"_ _7\"></span>e best e<span class=\"_ _7\"></span>stimate of<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8d2\">the am<span class=\"_ _7\"></span>ount expe<span class=\"_ _7\"></span>cted to beco<span class=\"_ _7\"></span>me payable. T<span class=\"_ _7\"></span>he asse<span class=\"_ _7\"></span>ssm<span class=\"_ _7\"></span>ent is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8d3\">base<span class=\"_ _7\"></span>d on the jud<span class=\"_ _7\"></span>gem<span class=\"_ _7\"></span>ent of ta<span class=\"_ _7\"></span>x profess<span class=\"_ _7\"></span>iona<span class=\"_ _7\"></span>ls within th<span class=\"_ _7\"></span>e Group </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs8d4\">suppor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed by<span class=\"_ _9\"></span> previous e<span class=\"_ _9\"></span>xperie<span class=\"_ _7\"></span>nce in<span class=\"_ _9\"></span> respect of such<span class=\"_ _9\"></span> activities<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8d5\">and ba<span class=\"_ _7\"></span>sed on ad<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e sought f<span class=\"_ _7\"></span>rom spe<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span>ist ta<span class=\"_ _7\"></span>x adv<span class=\"_ _7\"></span>isors.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8d6\">A defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>set ca<span class=\"_ _7\"></span>n be reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d only to the ex<span class=\"_ _7\"></span>tent that </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8d7\">it is re<span class=\"_ _7\"></span>coverabl<span class=\"_ _7\"></span>e. The rec<span class=\"_ _7\"></span>overabil<span class=\"_ _7\"></span>ity of d<span class=\"_ _7\"></span>eferred t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>x assets in </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8d8\">resp<span class=\"_ _7\"></span>ect of ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>y for<span class=\"_ _7\"></span>ward lo<span class=\"_ _7\"></span>sses re<span class=\"_ _7\"></span>quire<span class=\"_ _7\"></span>s consi<span class=\"_ _7\"></span>deratio<span class=\"_ _7\"></span>n of the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8d9\">futu<span class=\"_ _7\"></span>re levels of ta<span class=\"_ _7\"></span>xab<span class=\"_ _7\"></span>le profit in th<span class=\"_ _7\"></span>e Group. In prepa<span class=\"_ _7\"></span>ring th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8da\">Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s financ<span class=\"_ _7\"></span>ial stateme<span class=\"_ _7\"></span>nts, manag<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt estimates t<span class=\"_ _7\"></span>ax<span class=\"_ _7\"></span>ation </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs8db\">assets and liabilit<span class=\"_ _9\"></span>ies af<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er taking appropriate<span class=\"_ _9\"></span> prof<span class=\"_ _9\"></span>ess<span class=\"_ _7\"></span>ional<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8dc\">adv<span class=\"_ _7\"></span>ice, as shown i<span class=\"_ _7\"></span>n note 22<span class=\"_ _9\"></span>. Signifi<span class=\"_ _7\"></span>cant e<span class=\"_ _7\"></span>stimates an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8dd\">ass<span class=\"_ _7\"></span>umptions u<span class=\"_ _7\"></span>sed in the va<span class=\"_ _7\"></span>luation of de<span class=\"_ _7\"></span>ferred t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>x relate t<span class=\"_ _9\"></span>o </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8de\">the fore<span class=\"_ _7\"></span>cast ta<span class=\"_ _7\"></span>xa<span class=\"_ _7\"></span>ble profits, ta<span class=\"_ _7\"></span>king in<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>o acc<span class=\"_ _7\"></span>ount the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8df\">fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>nd strategic p<span class=\"_ _7\"></span>lans. Se<span class=\"_ _7\"></span>e note 2<span class=\"_ _9\"></span>3 for f<span class=\"_ _7\"></span>ur<span class=\"_ _7\"></span>ther de<span class=\"_ _7\"></span>tails of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8e0\">adju<span class=\"_ _7\"></span>stments mad<span class=\"_ _7\"></span>e to deferred t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>x durin<span class=\"_ _7\"></span>g the year<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8e1\">The d<span class=\"_ _7\"></span>etermin<span class=\"_ _7\"></span>ation and fi<span class=\"_ _7\"></span>nalis<span class=\"_ _7\"></span>ation of agre<span class=\"_ _7\"></span>ed ta<span class=\"_ _7\"></span>xation a<span class=\"_ _7\"></span>ssets </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8e2\">and li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties may not o<span class=\"_ _7\"></span>ccur unti<span class=\"_ _7\"></span>l several ye<span class=\"_ _7\"></span>ars af<span class=\"_ _7\"></span>ter the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8e3\">repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting date and co<span class=\"_ _7\"></span>nsequ<span class=\"_ _7\"></span>ently the fi<span class=\"_ _7\"></span>nal am<span class=\"_ _7\"></span>ounts payabl<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8e4\">or rec<span class=\"_ _7\"></span>eivab<span class=\"_ _7\"></span>le may dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>r from thos<span class=\"_ _7\"></span>e prese<span class=\"_ _7\"></span>nted in thes<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8e5\">fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements. </div><div class=\"t m0 h25 ff64 fs7 fc3 sc0 ls38 ws41 gs8e6\">2.<span class=\"_ _20\"></span>19 Repor<span class=\"_ _7\"></span>ting of ad<span class=\"_ _7\"></span>ditiona<span class=\"_ _7\"></span>l per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>manc<span class=\"_ _7\"></span>e measu<span class=\"_ _7\"></span>res<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs8e7\">The Direct<span class=\"_ _9\"></span>ors consider that<span class=\"_ _9\"></span> the combined<span class=\"_ _9\"></span>, claims and e<span class=\"_ _9\"></span>xpense </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8e8\">ratio me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>s repor<span class=\"_ _7\"></span>ted in re<span class=\"_ _7\"></span>spe<span class=\"_ _7\"></span>ct of oper<span class=\"_ _7\"></span>ating seg<span class=\"_ _7\"></span>ments <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8e9\">and th<span class=\"_ _7\"></span>e Group overa<span class=\"_ _7\"></span>ll in note 4<span class=\"_ _9\"></span>, net a<span class=\"_ _7\"></span>sset valu<span class=\"_ _7\"></span>e per sh<span class=\"_ _7\"></span>are and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8ea\">return o<span class=\"_ _7\"></span>n equi<span class=\"_ _7\"></span>ty me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>s discl<span class=\"_ _7\"></span>osed in n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es 5 a<span class=\"_ _7\"></span>nd 6 and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs8eb\">prior<span class=\"_ _9\"></span>-<span class=\"_ _9\"></span>year dev<span class=\"_ _9\"></span>elopments disclosed in no<span class=\"_ _9\"></span>te 2<span class=\"_ _9\"></span>0<span class=\"_ _9\"></span>, provide use<span class=\"_ _9\"></span>ful </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs8ec\">informa<span class=\"_ _9\"></span>tion regarding<span class=\"_ _9\"></span> the underlying performance of the<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs8ed\">Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s businesses.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls78 ws41 gs8ee\">The<span class=\"_ _7\"></span>se me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>s are wid<span class=\"_ _7\"></span>ely rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed by the insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e industr<span class=\"_ _7\"></span>y </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws41 gs8ef\">and a<span class=\"_ _7\"></span>re consi<span class=\"_ _7\"></span>stent with the i<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>nal p<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws41 gs8f0\">reviewe<span class=\"_ _7\"></span>d by senior m<span class=\"_ _7\"></span>anag<span class=\"_ _7\"></span>ement i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>ing the ch<span class=\"_ _7\"></span>ief ope<span class=\"_ _7\"></span>rating </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls6d ws44 gs8f1\">decision-mak<span class=\"_ _9\"></span>er<span class=\"_ _a\"></span>. Howev<span class=\"_ _9\"></span>er<span class=\"_ _a\"></span>, these measures ar<span class=\"_ _9\"></span>e not de<span class=\"_ _9\"></span>fined </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws41 gs8f2\">withi<span class=\"_ _7\"></span>n the acco<span class=\"_ _7\"></span>unting sta<span class=\"_ _7\"></span>ndard<span class=\"_ _7\"></span>s and inter<span class=\"_ _7\"></span>pretations, a<span class=\"_ _7\"></span>nd </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls6d ws44 gs8f3\">theref<span class=\"_ _9\"></span>ore ma<span class=\"_ _9\"></span>y not be<span class=\"_ _9\"></span> directly comparable wit<span class=\"_ _9\"></span>h similarly tit<span class=\"_ _9\"></span>led </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls6d ws40 gs8f4\">additional<span class=\"_ _9\"></span> per<span class=\"_ _7\"></span>formance measures reported b<span class=\"_ _9\"></span>y ot<span class=\"_ _9\"></span>her companies.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-480": {
   "value": "(a) New accou<span class=\"_ _7\"></span>nting sta<span class=\"_ _7\"></span>ndards, inter<span class=\"_ _7\"></span>pretation<span class=\"_ _7\"></span>s and ame<span class=\"_ _7\"></span>ndme<span class=\"_ _7\"></span>nts t<span class=\"_ _9\"></span>o pu<span class=\"_ _7\"></span>blish<span class=\"_ _7\"></span>ed stan<span class=\"_ _7\"></span>dards In the<span class=\"_ _7\"></span>se cons<span class=\"_ _7\"></span>olidated fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al stateme<span class=\"_ _7\"></span>nts, the Compa<span class=\"_ _7\"></span>ny<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>has a<span class=\"_ _7\"></span>pplie<span class=\"_ _7\"></span>d IFRS 1<span class=\"_ _a\"></span>7 and I<span class=\"_ _7\"></span>FRS 9 for the fir<span class=\"_ _7\"></span>st time. <table class=\"s w144 h9d\" id=\"_38f07ede-5510-44b4-bab0-4698cdf260b3\"><tr><td></td><td class=\"t m0 x354 h44 y1f3f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x355 he y1f40 ff5f fs7 fc2 sc0 ls38 ws41\">Equit<span class=\"_ _7\"></span>y as at 31 Dece<span class=\"_ _7\"></span>mber 2021<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td></tr><tr><td class=\"c n x1b7 y1f41 w145 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">as previously r<span class=\"_ _9\"></span>epor<span class=\"_ _7\"></span>ted<span class=\"_ _304\"> </span></div></td><td class=\"c n x356 y1f41 w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,5<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f42 w146 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Impac<span class=\"_ _7\"></span>t of IFRS 1<span class=\"_ _a\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x357 y1f42 wa1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e7d w147 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Impac<span class=\"_ _7\"></span>t of IFRS 9<span class=\"_ _304\"> </span></div></td><td class=\"c n x358 y1e7d w148 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w149 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws41\">Res<span class=\"_ _7\"></span>tated equi<span class=\"_ _7\"></span>ty 1 Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y 2022<span class=\"_ _304\"> </span></div></td><td class=\"c n x359 y1e80 wa0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,5<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr></table>2<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.2 IFRS 9 <span class=\"ff68 ls3d ws46\">Financial Instrum<span class=\"_ _9\"></span>ents<span class=\"_ _304\"> </span></span>The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s adopted IFRS 9 <span class=\"ff68 ls3d ws46\">Financial Ins<span class=\"_ _9\"></span>truments<span class=\"ff5f ls8 wsb4\"> wi<span class=\"_ _7\"></span>th </span></span>ef<span class=\"_ _7\"></span>fect f<span class=\"_ _7\"></span>rom 1 Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y 2023<span class=\"_ _9\"></span>. IFRS 9 re<span class=\"_ _7\"></span>plac<span class=\"_ _7\"></span>es IAS 39 an<span class=\"_ _7\"></span>d addresses the<span class=\"_ _9\"></span> classification and measurement<span class=\"_ _9\"></span> of financial<span class=\"_ _9\"></span> ass<span class=\"_ _7\"></span>ets and lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es; impair<span class=\"_ _7\"></span>ment of fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l assets; and gen<span class=\"_ _7\"></span>eral h<span class=\"_ _7\"></span>edge ac<span class=\"_ _7\"></span>counti<span class=\"_ _7\"></span>ng. Compa<span class=\"_ _7\"></span>ratives have be<span class=\"_ _7\"></span>en <span class=\"ls8 ws4\"> </span>restated w<span class=\"_ _7\"></span>ith adju<span class=\"_ _7\"></span>stments to the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mounts of <span class=\"ls8 ws4\"> </span>fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets an<span class=\"_ _7\"></span>d liabi<span class=\"_ _7\"></span>lities at th<span class=\"_ _7\"></span>e date of transitio<span class=\"_ _7\"></span>n recognised in ret<span class=\"_ _9\"></span>ained ear<span class=\"_ _7\"></span>nings<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The a<span class=\"_ _7\"></span>doption of IFRS 9 h<span class=\"_ _7\"></span>as resul<span class=\"_ _7\"></span>ted in cha<span class=\"_ _7\"></span>nges to the <span class=\"ls8 ws4\"> </span>Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s accounting pol<span class=\"_ _9\"></span>icies for recognit<span class=\"_ _9\"></span>ion, classificat<span class=\"_ _9\"></span>ion <span class=\"ls8 ws4\"> </span>and measurement o<span class=\"_ _9\"></span>f financial assets<span class=\"_ _9\"></span> and liabilities.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>ransition<span class=\"_ _304\"> </span>On the tra<span class=\"_ _7\"></span>nsitio<span class=\"_ _7\"></span>n date, 1 Januar<span class=\"_ _7\"></span>y 2022<span class=\"_ _9\"></span>, the n<span class=\"_ _7\"></span>et impact reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in equ<span class=\"_ _7\"></span>ity i<span class=\"_ _7\"></span>s $<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.2 m<span class=\"_ _7\"></span>illion (dec<span class=\"_ _7\"></span>rease) dr<span class=\"_ _7\"></span>iven by the reco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n of expec<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed c<span class=\"_ _7\"></span>redit l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s (ECL) unde<span class=\"_ _7\"></span>r IFRS 9 <span class=\"ls8 ws4\"> </span>for fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tised c<span class=\"_ _7\"></span>ost, net of ta<span class=\"_ _7\"></span>x.<span class=\"_ _304\"> </span>Class<span class=\"_ _7\"></span>ificatio<span class=\"_ _7\"></span>n and meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt of financ<span class=\"_ _7\"></span>ial in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nts<span class=\"_ _304\"> </span>IFRS 9<span class=\"_ _9\"></span> contains t<span class=\"_ _9\"></span>hree principal classificat<span class=\"_ _9\"></span>ion cat<span class=\"_ _9\"></span>egorie<span class=\"_ _7\"></span>s f<span class=\"_ _9\"></span>or fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets: amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed cost; fair va<span class=\"_ _7\"></span>lue throu<span class=\"_ _7\"></span>gh other com<span class=\"_ _7\"></span>prehe<span class=\"_ _7\"></span>nsive inc<span class=\"_ _7\"></span>ome (F<span class=\"_ _7\"></span>VOCI); and fair va<span class=\"_ _7\"></span>lue throug<span class=\"_ _7\"></span>h <span class=\"ls8 ws4\"> </span>profit or l<span class=\"_ _7\"></span>oss (F<span class=\"_ _7\"></span>VPL). On trans<span class=\"_ _7\"></span>ition to IFRS 9, the Group ass<span class=\"_ _7\"></span>esse<span class=\"_ _7\"></span>d the bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s mode<span class=\"_ _7\"></span>ls and co<span class=\"_ _7\"></span>ntractua<span class=\"_ _7\"></span>l cash <span class=\"ls8 ws4\"> </span>flows of its fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l instrum<span class=\"_ _7\"></span>ents.<span class=\"_ _304\"> </span>The below table<span class=\"_ _9\"></span> reconciles the carry<span class=\"_ _7\"></span>ing amoun<span class=\"_ _9\"></span>ts o<span class=\"_ _9\"></span>f financial instr<span class=\"_ _7\"></span>uments, f<span class=\"_ _7\"></span>rom their prev<span class=\"_ _7\"></span>ious m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>rement c<span class=\"_ _7\"></span>ategor<span class=\"_ _7\"></span>y in acco<span class=\"_ _7\"></span>rdanc<span class=\"_ _7\"></span>e with IAS 39, to the meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt categor<span class=\"_ _7\"></span>ies <span class=\"ls8 ws4\"> </span>upon tr<span class=\"_ _7\"></span>ansiti<span class=\"_ _7\"></span>on to IFRS 9 on 1 Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y 2022<span class=\"_ _9\"></span>, inclu<span class=\"_ _7\"></span>ding any <span class=\"ls8 ws4\"> </span>remeasurement impact<span class=\"_ _9\"></span>. Cer<span class=\"_ _7\"></span>tain balances previously disclosed<span class=\"_ _9\"></span> withi<span class=\"_ _7\"></span>n trade an<span class=\"_ _7\"></span>d other rece<span class=\"_ _7\"></span>ivabl<span class=\"_ _7\"></span>es/payable<span class=\"_ _7\"></span>s are in sc<span class=\"_ _7\"></span>ope of IFRS 1<span class=\"_ _a\"></span>7 as th<span class=\"_ _7\"></span>ey are attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble to insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ontracts; these bala<span class=\"_ _7\"></span>nce<span class=\"_ _7\"></span>s have been exclu<span class=\"_ _7\"></span>ded fro<span class=\"_ _7\"></span>m the tabl<span class=\"_ _7\"></span>e below as th<span class=\"_ _7\"></span>ey are not in sc<span class=\"_ _7\"></span>ope of IFRS 9.<span class=\"_ _304\"> </span>The classification o<span class=\"_ _9\"></span>f financial inst<span class=\"_ _9\"></span>ruments under IF<span class=\"_ _9\"></span>RS 9 has<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>had no im<span class=\"_ _7\"></span>pact on th<span class=\"_ _7\"></span>e carr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing valu<span class=\"_ _7\"></span>es prev<span class=\"_ _7\"></span>iousl<span class=\"_ _7\"></span>y meas<span class=\"_ _7\"></span>ured und<span class=\"_ _7\"></span>er IAS 39.<span class=\"_ _304\"> </span>The d<span class=\"_ _7\"></span>if<span class=\"_ _7\"></span>feren<span class=\"_ _7\"></span>ce in the c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng amou<span class=\"_ _7\"></span>nt for trade a<span class=\"_ _7\"></span>nd other rece<span class=\"_ _7\"></span>ivabl<span class=\"_ _7\"></span>es is du<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o the ECL i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment me<span class=\"_ _7\"></span>thodolo<span class=\"_ _7\"></span>gy introdu<span class=\"_ _7\"></span>ced by IFRS 9.<span class=\"_ _304\"> </span>Impairment allo<span class=\"_ _9\"></span>wances<span class=\"_ _304\"> </span>IFRS 9 introd<span class=\"_ _7\"></span>uces a<span class=\"_ _7\"></span>n ECL appro<span class=\"_ _7\"></span>ach for me<span class=\"_ _7\"></span>asur<span class=\"_ _7\"></span>ing <span class=\"ls8 ws4\"> </span>impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt allowan<span class=\"_ _7\"></span>ces. Th<span class=\"_ _7\"></span>e ECL method<span class=\"_ _7\"></span>olog<span class=\"_ _7\"></span>y is an <span class=\"ls8 ws4\"> </span>unbiased,<span class=\"_ _9\"></span> probability-<span class=\"_ _9\"></span>weight<span class=\"_ _9\"></span>ed estimat<span class=\"_ _9\"></span>ion that<span class=\"_ _9\"></span> incorporates<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>all avail<span class=\"_ _7\"></span>able i<span class=\"_ _7\"></span>nformatio<span class=\"_ _7\"></span>n relevant to the as<span class=\"_ _7\"></span>sess<span class=\"_ _7\"></span>ment of <span class=\"ls8 ws4\"> </span>cr<span class=\"_ _7\"></span>ed<span class=\"_ _7\"></span>i<span class=\"_ _7\"></span>t r<span class=\"_ _7\"></span>i<span class=\"_ _7\"></span>sk,<span class=\"_ _7\"></span> i<span class=\"_ _7\"></span>nc<span class=\"_ _7\"></span>lu<span class=\"_ _7\"></span>di<span class=\"_ _7\"></span>n<span class=\"_ _7\"></span>g info<span class=\"_ _7\"></span>rmation a<span class=\"_ _7\"></span>bout p<span class=\"_ _7\"></span>ast events, cur<span class=\"_ _7\"></span>rent conditions<span class=\"_ _9\"></span> and reasonable and<span class=\"_ _7\"></span> su<span class=\"_ _7\"></span>ppo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>ble <span class=\"_ _7\"></span>fore<span class=\"_ _7\"></span>ca<span class=\"_ _7\"></span>sts <span class=\"ls8 ws4\"> </span>of eco<span class=\"_ _7\"></span>nomic c<span class=\"_ _7\"></span>onditi<span class=\"_ _7\"></span>ons at the rep<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>ting date. The <span class=\"ls8 ws4\"> </span>for<span class=\"_ _7\"></span>ward-lo<span class=\"_ _7\"></span>okin<span class=\"_ _7\"></span>g aspe<span class=\"_ _7\"></span>ct of IFRS 9 requ<span class=\"_ _7\"></span>ires ju<span class=\"_ _7\"></span>dgem<span class=\"_ _7\"></span>ent <span class=\"ls8 ws4\"> </span>as to how chan<span class=\"_ _7\"></span>ges in e<span class=\"_ _7\"></span>cono<span class=\"_ _7\"></span>mic factor<span class=\"_ _7\"></span>s affe<span class=\"_ _7\"></span>ct ECLs.<span class=\"_ _304\"> </span>Clas<span class=\"_ _7\"></span>sific<span class=\"_ _7\"></span>ation and m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>remen<span class=\"_ _7\"></span>t of financi<span class=\"_ _7\"></span>al instr<span class=\"_ _7\"></span>ument<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> <table class=\"s w14a h9e\" id=\"_1e235303-4f13-4a2d-8147-631f1a6b888a\"><tr><td></td><td></td><td class=\"t m0 x35a h44 y1f43 ff5f fs28 fc2 sc0 lse4 ws15d\">31 Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er 20<span class=\"_ _7\"></span>21<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x35b h43 y1f43 ff64 fs28 fc2 sc0 lse4 ws15d\">1 Jan<span class=\"_ _7\"></span>uar<span class=\"_ _7\"></span>y 20<span class=\"_ _7\"></span>22<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x35c h44 y1f44 ff5f fs28 fc2 sc0 lse4 ws15d\">IAS 3<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x35d h43 y1f44 ff64 fs28 fc2 sc0 lse4 ws15d\">IFR<span class=\"_ _7\"></span>S 9<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x261 h44 y1f45 ff5f fs28 fc2 sc0 lsf3 ws13f\">Measurement<span class=\"_ _9\"></span> </td><td class=\"t m0 x35e h44 y1f45 ff5f fs28 fc2 sc0 lsed ws139\">Carrying amount </td><td class=\"t m0 x35f h43 y1f45 ff64 fs28 fc2 sc0 lsed ws17b\">Measurement </td><td class=\"t m0 x360 h43 y1f45 ff64 fs28 fc2 sc0 lsf0 ws13c\">Carr<span class=\"_ _7\"></span>ying amount<span class=\"_ _9\"></span> </td></tr><tr><td></td><td class=\"t m0 x361 h44 y1f46 ff5f fs28 fc2 sc0 ls10a ws15c\">category<span class=\"_ _304\"> </span></td><td class=\"t m0 x362 h44 y1f46 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x363 h43 y1f46 ff64 fs28 fc2 sc0 lsa1 wsba\">cate<span class=\"_ _7\"></span>gor<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y1f46 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb h25 y1f47 ff64 fs7 fc2 sc0 ls3c ws45\">Financial assets<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f48 w14b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Government gilt<span class=\"_ _9\"></span>s/bonds<span class=\"_ _304\"> </span></div></td><td class=\"c n x364 y1f48 w14c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL<span class=\"_ _304\"> </span></div></td><td class=\"c n x365 y1f48 w18 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">9<span class=\"_ _2c\"> </span>0<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x366 y1f48 w14d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL (<span class=\"_ _9\"></span>mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x367 y1f48 w14e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">9<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f49 w14f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Corporate<span class=\"_ _9\"></span> bonds<span class=\"_ _304\"> </span></div></td><td class=\"c n x368 y1f49 w150 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">FV<span class=\"_ _7\"></span>PL<span class=\"_ _304\"> </span></div></td><td class=\"c n x369 y1f49 w151 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb4 wsd1\">3<span class=\"_ _7\"></span>,60<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x36a y1f49 w14d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _9\"></span> (mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x30c y1f49 w152 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">3,60<span class=\"_ _7\"></span>0.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4a w153 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Asset back<span class=\"_ _9\"></span>ed securities<span class=\"_ _304\"> </span></div></td><td class=\"c n x36b y1f4a w154 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _8\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x36c y1f4a w155 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x36d y1f4a w156 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">FVPL (<span class=\"_ _9\"></span>mandatory)<span class=\"_ _304\"> </span></div></td><td class=\"c n x36e y1f4a w157 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">11<span class=\"_ _7\"></span>6<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4b w158 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Mor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>gage-back<span class=\"_ _9\"></span>ed securities<span class=\"_ _304\"> </span></div></td><td class=\"c n x36f y1f4b w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x370 y1f4b w14e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x371 y1f4b w156 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">FVPL (<span class=\"_ _9\"></span>mandatory)<span class=\"_ _304\"> </span></div></td><td class=\"c n x372 y1f4b w15a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4c w15b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Other fixed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x373 y1f4c w14c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL<span class=\"_ _304\"> </span></div></td><td class=\"c n x374 y1f4c w35 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">434.<span class=\"_ _9\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x375 y1f4c w156 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">FVPL (m<span class=\"_ _9\"></span>andatory)<span class=\"_ _304\"> </span></div></td><td class=\"c n x376 y1f4c w15c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4<span class=\"_ _7\"></span>34.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4d w15d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Hedge/<span class=\"_ _9\"></span>equity funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x377 y1f4d w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x378 y1f4d w15e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x379 y1f4d w15f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _9\"></span> (mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x37a y1f4d w160 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4e w161 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">Strateg<span class=\"_ _7\"></span>ic inves<span class=\"_ _7\"></span>tments<span class=\"_ _304\"> </span></div></td><td class=\"c n x37b y1f4e w14c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL<span class=\"_ _304\"> </span></div></td><td class=\"c n x37c y1f4e w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">44.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x37d y1f4e w14d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL (<span class=\"_ _9\"></span>mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x37e y1f4e wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">44.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4f w162 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">Insurance-linked funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x37f y1f4f w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x380 y1f4f w163 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">50.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x381 y1f4f w15f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL (<span class=\"_ _9\"></span>mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x382 y1f4f w164 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">5<span class=\"_ _7\"></span>0.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y1f50 ff5f fs7 fc2 sc0 ls3b ws44\">Deposits with<span class=\"_ _9\"></span> credit inst<span class=\"_ _9\"></span>itutions<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x383 he y1f50 ff5f fs7 fc2 sc0 ls3e ws47\">Loans<span class=\"_ _9\"></span> and receiv<span class=\"_ _9\"></span>ables<span class=\"_ _304\"> </span></td><td class=\"c n x384 y1f51 w13c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">10<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x385 y1f51 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x386 y1f51 w166 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y1f52 ff5f fs7 fc2 sc0 ls83 ws155\">(L<span class=\"_ _7\"></span>loyd\u2019<span class=\"_ _9\"></span>s de<span class=\"_ _7\"></span>po<span class=\"_ _7\"></span>sit<span class=\"_ _7\"></span>s)</td><td class=\"t m0 x387 he y1f52 ff5f fs7 fc2 sc0 ls73 ws48\"> (Amor<span class=\"_ _7\"></span>tised cost)<span class=\"_ _304\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f53 w167 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws10a\">Derivat<span class=\"_ _9\"></span>ives<span class=\"_ _304\"> </span></div></td><td class=\"c n x388 y1f53 w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x389 y1f53 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x38a y1f53 w14d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _9\"></span> (mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x38b y1f53 w7c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f54 w168 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>rad<span class=\"_ _7\"></span>e and other re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>vable<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x38c y1f54 w169 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3e ws47\">Loans<span class=\"_ _9\"></span> and receiv<span class=\"_ _9\"></span>ables<span class=\"_ _304\"> </span></div></td><td class=\"c n x38d y1f54 w16a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">68.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x38e y1f54 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">A<span class=\"_ _7\"></span>mortised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x38f y1f54 w16b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x390 he y1f55 ff5f fs7 fc2 sc0 ls73 ws48\">(Amor<span class=\"_ _7\"></span>tised cost)<span class=\"_ _304\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f56 w16c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Cash and<span class=\"_ _9\"></span> cash equivalen<span class=\"_ _9\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n x391 y1f56 w16d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x392 y1f56 w16e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x393 y1f56 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">A<span class=\"_ _7\"></span>mortised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x394 y1f56 w16f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f57 w170 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d wsf4\">T<span class=\"_ _a\"></span>otal<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x395 y1f57 w171 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _2c\"></span>4<span class=\"_ _7\"></span>1<span class=\"_ _8\"></span>0<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x396 y1f57 w172 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsab wsc8\">7,<span class=\"_ _8\"></span>4<span class=\"_ _c\"> </span>0<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y1f58 ff64 fs7 fc2 sc0 ls7c ws89\">Financial liabilities<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f59 w173 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Bor<span class=\"_ _7\"></span>rowings a<span class=\"_ _7\"></span>nd accr<span class=\"_ _7\"></span>ued intere<span class=\"_ _7\"></span>st<span class=\"_ _304\"> </span></div></td><td class=\"c n x397 y1f59 w174 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amortised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x384 y1f59 w175 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">7<span class=\"_ _20\"></span>4<span class=\"_ _7\"></span>6.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x398 y1f59 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x399 y1f59 w176 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">7<span class=\"_ _a\"></span>46.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed7 w167 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws10a\">Derivat<span class=\"_ _9\"></span>ives<span class=\"_ _304\"> </span></div></td><td class=\"c n x388 y1ed7 w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x39a y1ed7 w177 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x39b y1ed7 w178 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VP<span class=\"_ _9\"></span>L (mand<span class=\"_ _9\"></span>atory)<span class=\"_ _304\"> </span></div></td><td class=\"c n x39c y1ed7 w179 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w17a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>rad<span class=\"_ _7\"></span>e and other p<span class=\"_ _7\"></span>ayables<span class=\"_ _304\"> </span></div></td><td class=\"c n x39d y1ed8 w16d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x39e y1ed8 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x39f y1ed8 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x3a0 y1ed8 w17b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w170 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d wsf4\">T<span class=\"_ _a\"></span>otal<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x3a1 y1e80 w12e h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x3a2 y1e80 w17c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">7<span class=\"_ _7\"></span>6<span class=\"_ _c\"> </span>9<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-450": {
   "value": "(a) New accou<span class=\"_ _7\"></span>nting sta<span class=\"_ _7\"></span>ndards, inter<span class=\"_ _7\"></span>pretation<span class=\"_ _7\"></span>s and ame<span class=\"_ _7\"></span>ndme<span class=\"_ _7\"></span>nts t<span class=\"_ _9\"></span>o pu<span class=\"_ _7\"></span>blish<span class=\"_ _7\"></span>ed stan<span class=\"_ _7\"></span>dards In the<span class=\"_ _7\"></span>se cons<span class=\"_ _7\"></span>olidated fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al stateme<span class=\"_ _7\"></span>nts, the Compa<span class=\"_ _7\"></span>ny<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>has a<span class=\"_ _7\"></span>pplie<span class=\"_ _7\"></span>d IFRS 1<span class=\"_ _a\"></span>7 and I<span class=\"_ _7\"></span>FRS 9 for the fir<span class=\"_ _7\"></span>st time. <table class=\"s w144 h9d\" id=\"_38f07ede-5510-44b4-bab0-4698cdf260b3\"><tr><td></td><td class=\"t m0 x354 h44 y1f3f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x355 he y1f40 ff5f fs7 fc2 sc0 ls38 ws41\">Equit<span class=\"_ _7\"></span>y as at 31 Dece<span class=\"_ _7\"></span>mber 2021<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td></tr><tr><td class=\"c n x1b7 y1f41 w145 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">as previously r<span class=\"_ _9\"></span>epor<span class=\"_ _7\"></span>ted<span class=\"_ _304\"> </span></div></td><td class=\"c n x356 y1f41 w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,5<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f42 w146 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Impac<span class=\"_ _7\"></span>t of IFRS 1<span class=\"_ _a\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x357 y1f42 wa1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e7d w147 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Impac<span class=\"_ _7\"></span>t of IFRS 9<span class=\"_ _304\"> </span></div></td><td class=\"c n x358 y1e7d w148 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w149 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws41\">Res<span class=\"_ _7\"></span>tated equi<span class=\"_ _7\"></span>ty 1 Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y 2022<span class=\"_ _304\"> </span></div></td><td class=\"c n x359 y1e80 wa0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,5<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-411": {
   "value": "(a) New accou<span class=\"_ _7\"></span>nting sta<span class=\"_ _7\"></span>ndards, inter<span class=\"_ _7\"></span>pretation<span class=\"_ _7\"></span>s and ame<span class=\"_ _7\"></span>ndme<span class=\"_ _7\"></span>nts t<span class=\"_ _9\"></span>o pu<span class=\"_ _7\"></span>blish<span class=\"_ _7\"></span>ed stan<span class=\"_ _7\"></span>dards In the<span class=\"_ _7\"></span>se cons<span class=\"_ _7\"></span>olidated fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al stateme<span class=\"_ _7\"></span>nts, the Compa<span class=\"_ _7\"></span>ny<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>has a<span class=\"_ _7\"></span>pplie<span class=\"_ _7\"></span>d IFRS 1<span class=\"_ _a\"></span>7 and I<span class=\"_ _7\"></span>FRS 9 for the fir<span class=\"_ _7\"></span>st time. <table class=\"s w144 h9d\" id=\"_38f07ede-5510-44b4-bab0-4698cdf260b3\"><tr><td></td><td class=\"t m0 x354 h44 y1f3f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x355 he y1f40 ff5f fs7 fc2 sc0 ls38 ws41\">Equit<span class=\"_ _7\"></span>y as at 31 Dece<span class=\"_ _7\"></span>mber 2021<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td></tr><tr><td class=\"c n x1b7 y1f41 w145 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">as previously r<span class=\"_ _9\"></span>epor<span class=\"_ _7\"></span>ted<span class=\"_ _304\"> </span></div></td><td class=\"c n x356 y1f41 w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,5<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f42 w146 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Impac<span class=\"_ _7\"></span>t of IFRS 1<span class=\"_ _a\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x357 y1f42 wa1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e7d w147 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Impac<span class=\"_ _7\"></span>t of IFRS 9<span class=\"_ _304\"> </span></div></td><td class=\"c n x358 y1e7d w148 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w149 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws41\">Res<span class=\"_ _7\"></span>tated equi<span class=\"_ _7\"></span>ty 1 Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y 2022<span class=\"_ _304\"> </span></div></td><td class=\"c n x359 y1e80 wa0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,5<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr></table>2<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.<span class=\"_ _a\"></span>1 IFRS 1<span class=\"_ _a\"></span>7 <span class=\"ff68 ls39 ws43\">Insurance Con<span class=\"_ _9\"></span>tracts<span class=\"_ _304\"> </span></span>The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s restated co<span class=\"_ _7\"></span>mparati<span class=\"_ _7\"></span>ve informatio<span class=\"_ _7\"></span>n for 2022<span class=\"_ _9\"></span> applying the full<span class=\"_ _9\"></span> retr<span class=\"_ _9\"></span>ospective t<span class=\"_ _9\"></span>ransitional pro<span class=\"_ _9\"></span>visions o<span class=\"_ _9\"></span>f <span class=\"ls8 ws4\"> </span>IFRS 1<span class=\"_ _a\"></span>7 <span class=\"ff68 ls39 ws43\">Insurance Contrac<span class=\"_ _9\"></span>ts<span class=\"_ _9\"></span><span class=\"ff5f ls8 ws4\">. </span></span>The n<span class=\"_ _7\"></span>ature of the cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n accou<span class=\"_ _7\"></span>nting pol<span class=\"_ _7\"></span>icie<span class=\"_ _7\"></span>s can be summarised as fol<span class=\"_ _9\"></span>lows.<span class=\"_ _9\"></span> Measure<span class=\"_ _7\"></span>ment<span class=\"_ _304\"> </span>IFRS 1<span class=\"_ _a\"></span>7 req<span class=\"_ _7\"></span>uires a c<span class=\"_ _7\"></span>urrent m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nt mode<span class=\"_ _7\"></span>l where estim<span class=\"_ _7\"></span>ates are reme<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d each re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d. Under <span class=\"ls8 ws4\"> </span>the Ge<span class=\"_ _7\"></span>nera<span class=\"_ _7\"></span>l Mea<span class=\"_ _7\"></span>sureme<span class=\"_ _7\"></span>nt Mod<span class=\"_ _7\"></span>el (GMM), contracts are<span class=\"_ _304\"> </span>measured using the b<span class=\"_ _9\"></span>uilding blocks of<span class=\"_ _9\"></span> discounted<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>probability-<span class=\"_ _9\"></span>weight<span class=\"_ _9\"></span>ed fulfilment cash<span class=\"_ _9\"></span> flows,<span class=\"_ _9\"></span> including an<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>expli<span class=\"_ _7\"></span>cit ris<span class=\"_ _7\"></span>k adjustm<span class=\"_ _7\"></span>ent, and a co<span class=\"_ _7\"></span>ntractual s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e margi<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> (CSM<span class=\"_ _9\"></span>) representing<span class=\"_ _9\"></span> the unearned pro<span class=\"_ _9\"></span>fit of t<span class=\"_ _9\"></span>he contract<span class=\"_ _9\"></span> whi<span class=\"_ _7\"></span>ch is rec<span class=\"_ _7\"></span>ognise<span class=\"_ _7\"></span>d as revenu<span class=\"_ _7\"></span>e over the coverag<span class=\"_ _7\"></span>e per<span class=\"_ _7\"></span>iod. A simp<span class=\"_ _7\"></span>lificati<span class=\"_ _7\"></span>on, the premi<span class=\"_ _7\"></span>um allo<span class=\"_ _7\"></span>cation a<span class=\"_ _7\"></span>pproac<span class=\"_ _7\"></span>h (P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A)<span class=\"_ _9\"></span>, ca<span class=\"_ _7\"></span>n be applied if certain eligibility criteria are<span class=\"_ _9\"></span> met.<span class=\"_ _9\"></span> The majorit<span class=\"_ _7\"></span>y o<span class=\"_ _9\"></span>f the<span class=\"_ _9\"></span> Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s polici<span class=\"_ _7\"></span>es have a coverag<span class=\"_ _7\"></span>e per<span class=\"_ _7\"></span>iod of 1<span class=\"_ _a\"></span>2 m<span class=\"_ _7\"></span>onths or le<span class=\"_ _7\"></span>ss and s<span class=\"_ _7\"></span>o are elig<span class=\"_ _7\"></span>ible for the P<span class=\"_ _9\"></span>A<span class=\"_ _7\"></span>A<span class=\"_ _7\"></span>. Man<span class=\"_ _7\"></span>agem<span class=\"_ _7\"></span>ent app<span class=\"_ _7\"></span>lies s<span class=\"_ _7\"></span>ignific<span class=\"_ _7\"></span>ant judg<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nts in asse<span class=\"_ _7\"></span>ssi<span class=\"_ _7\"></span>ng whethe<span class=\"_ _7\"></span>r appl<span class=\"_ _7\"></span>ying th<span class=\"_ _7\"></span>e P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A to groups of contrac<span class=\"_ _7\"></span>ts with a covera<span class=\"_ _7\"></span>ge per<span class=\"_ _7\"></span>iod ex<span class=\"_ _7\"></span>tending b<span class=\"_ _7\"></span>eyond <span class=\"ls8 ws4\"> </span>1<span class=\"_ _a\"></span>2 m<span class=\"_ _7\"></span>onths would p<span class=\"_ _7\"></span>roduce a m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>rement of th<span class=\"_ _7\"></span>e liabi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y for rema<span class=\"_ _7\"></span>ining c<span class=\"_ _7\"></span>overage (LRC) that wo<span class=\"_ _7\"></span>uld not dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>r materia<span class=\"_ _7\"></span>lly <span class=\"ls8 ws4\"> </span>from th<span class=\"_ _7\"></span>e one that woul<span class=\"_ _7\"></span>d be produ<span class=\"_ _7\"></span>ced ap<span class=\"_ _7\"></span>plyi<span class=\"_ _7\"></span>ng GMM. Man<span class=\"_ _7\"></span>agem<span class=\"_ _7\"></span>ent has c<span class=\"_ _7\"></span>onclu<span class=\"_ _7\"></span>ded that a m<span class=\"_ _7\"></span>ajori<span class=\"_ _7\"></span>ty of the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s insurance contracts i<span class=\"_ _9\"></span>ssue<span class=\"_ _7\"></span>d and r<span class=\"_ _9\"></span>einsurance contracts held meet th<span class=\"_ _7\"></span>e criter<span class=\"_ _7\"></span>ia and th<span class=\"_ _7\"></span>e P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A is app<span class=\"_ _7\"></span>lied to mea<span class=\"_ _7\"></span>sure the<span class=\"_ _7\"></span>m.<span class=\"_ _304\"> </span>The measurement principles differ from t<span class=\"_ _9\"></span>he approach used<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>by the Grou<span class=\"_ _7\"></span>p unde<span class=\"_ _7\"></span>r IFRS 4<span class=\"_ _9\"></span>. T<span class=\"_ _7\"></span>he key areas a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>the<span class=\"_ _9\"></span> LRC reflect<span class=\"_ _9\"></span>s premiums r<span class=\"_ _9\"></span>ecei<span class=\"_ _7\"></span>v<span class=\"_ _9\"></span>ed less insurance </span>acquisition cash flo<span class=\"_ _9\"></span>ws and less amounts r<span class=\"_ _9\"></span>ecognised <span class=\"ls8 ws4\"> </span>in insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce revenue;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span> <span class=\"_ _24\"></span>mea<span class=\"_ _7\"></span>sureme<span class=\"_ _7\"></span>nt of the LRC is ad<span class=\"_ _7\"></span>justed if a g<span class=\"_ _7\"></span>roup of </span>contract<span class=\"_ _9\"></span>s is e<span class=\"_ _9\"></span>xpected t<span class=\"_ _9\"></span>o be onerous<span class=\"_ _9\"></span> (for e<span class=\"_ _9\"></span>xample,<span class=\"_ _9\"></span> loss mak<span class=\"_ _7\"></span>ing) over the rem<span class=\"_ _7\"></span>aining c<span class=\"_ _7\"></span>overage p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d and a los<span class=\"_ _7\"></span>s is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed imme<span class=\"_ _7\"></span>diately i<span class=\"_ _7\"></span>n the cons<span class=\"_ _7\"></span>olidated in<span class=\"_ _7\"></span>come stateme<span class=\"_ _7\"></span>nt unde<span class=\"_ _7\"></span>r \u2018insuran<span class=\"_ _7\"></span>ce ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>\u2019 with <span class=\"ls8 ws4\"> </span>the r<span class=\"_ _9\"></span>ecoveries in \u2018<span class=\"_ _9\"></span>amount<span class=\"_ _9\"></span>s recov<span class=\"_ _9\"></span>erable from r<span class=\"_ _9\"></span>einsurers <span class=\"ls8 ws4\"> </span>for inc<span class=\"_ _9\"></span>urred claims<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>. A<span class=\"_ _9\"></span> loss component is measured<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>as the exces<span class=\"_ _7\"></span>s of the ful<span class=\"_ _7\"></span>filment c<span class=\"_ _7\"></span>ash flows th<span class=\"_ _7\"></span>at relate <span class=\"ls8 ws4\"> </span>to the remai<span class=\"_ _7\"></span>ning cover<span class=\"_ _7\"></span>age of the group ove<span class=\"_ _7\"></span>r the <span class=\"ls8 ws4\"> </span>car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of the L<span class=\"_ _7\"></span>RC of the group of co<span class=\"_ _7\"></span>ntracts;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>measurement o<span class=\"_ _9\"></span>f the<span class=\"_ _9\"></span> liability for incurred claims<span class=\"_ _9\"></span> (LIC)<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></span>is det<span class=\"_ _9\"></span>ermined on a pr<span class=\"_ _9\"></span>obability-w<span class=\"_ _9\"></span>eighted<span class=\"_ _9\"></span> expected<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>value b<span class=\"_ _7\"></span>asis. In co<span class=\"_ _7\"></span>ntrast to IFRS 4, the LIC is disc<span class=\"_ _7\"></span>ounted. The LIC also<span class=\"_ _9\"></span> includes an explicit<span class=\"_ _9\"></span> risk adjustment<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>t<span class=\"_ _9\"></span>o compensate<span class=\"_ _9\"></span> for non-<span class=\"_ _9\"></span>financial risk. The l<span class=\"_ _9\"></span>iability <span class=\"ls8 ws4\"> </span>includes the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> obligation t<span class=\"_ _9\"></span>o pa<span class=\"_ _9\"></span>y ot<span class=\"_ _9\"></span>her incurred insurance expense<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the disco<span class=\"_ _7\"></span>unt rates use<span class=\"_ _7\"></span>d to calcul<span class=\"_ _7\"></span>ate the LIC are </span>construct<span class=\"_ _9\"></span>ed using risk<span class=\"_ _a\"></span>-free rat<span class=\"_ _9\"></span>es, pl<span class=\"_ _9\"></span>us an illiquidity prem<span class=\"_ _7\"></span>ium, whe<span class=\"_ _7\"></span>re appli<span class=\"_ _7\"></span>cabl<span class=\"_ _7\"></span>e. Risk<span class=\"_ _9\"></span>-free rates a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> determ<span class=\"_ _7\"></span>ined by refere<span class=\"_ _7\"></span>nce to the mar<span class=\"_ _7\"></span>ket obser<span class=\"_ _7\"></span>va<span class=\"_ _7\"></span>ble data (swap rates or hi<span class=\"_ _7\"></span>ghly li<span class=\"_ _7\"></span>quid sovere<span class=\"_ _7\"></span>ign bo<span class=\"_ _7\"></span>nds) in the curr<span class=\"_ _9\"></span>encies of the<span class=\"_ _9\"></span> respective (<span class=\"_ _9\"></span>re<span class=\"_ _9\"></span>)insurance cont<span class=\"_ _9\"></span>ract liabilities. The illiquidit<span class=\"_ _7\"></span>y premium is det<span class=\"_ _9\"></span>ermin<span class=\"_ _7\"></span>ed based <span class=\"ls8 ws4\"> </span>on market<span class=\"_ _9\"></span> obser<span class=\"_ _7\"></span>vable illiquidity premiums in<span class=\"_ _9\"></span> financial assets<span class=\"_ _9\"></span>, adjust<span class=\"_ _9\"></span>ed t<span class=\"_ _9\"></span>o reflect the<span class=\"_ _9\"></span> liquidity characterist<span class=\"_ _9\"></span>ics <span class=\"ls8 ws4\"> </span>of the lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y cas<span class=\"_ _7\"></span>h flows;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the risk ad<span class=\"_ _7\"></span>justme<span class=\"_ _7\"></span>nt for non-fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l risk is th<span class=\"_ _7\"></span>e estimated </span>com<span class=\"_ _7\"></span>pens<span class=\"_ _7\"></span>ation that the G<span class=\"_ _7\"></span>roup requ<span class=\"_ _7\"></span>ires for b<span class=\"_ _7\"></span>eari<span class=\"_ _7\"></span>ng the unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>taint<span class=\"_ _7\"></span>y abo<span class=\"_ _7\"></span>ut the am<span class=\"_ _7\"></span>ount an<span class=\"_ _7\"></span>d timing of the c<span class=\"_ _7\"></span>ash <span class=\"ls8 ws4\"> </span>flows of group<span class=\"_ _7\"></span>s of insuran<span class=\"_ _7\"></span>ce contr<span class=\"_ _7\"></span>acts. Mana<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt applies significant judgement<span class=\"_ _9\"></span>s in det<span class=\"_ _9\"></span>ermining the risk<span class=\"_ _9\"></span> adjustment<span class=\"_ _9\"></span> amount<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt of the reinsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e contract a<span class=\"_ _7\"></span>sset for </span>remaining coverage (<span class=\"_ _9\"></span>ARC) reflecting r<span class=\"_ _9\"></span>einsurance prem<span class=\"_ _7\"></span>iums pa<span class=\"_ _7\"></span>id for reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e held i<span class=\"_ _7\"></span>s adjusted to <span class=\"ls8 ws4\"> </span>include a loss<span class=\"_ _9\"></span>-recov<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>y component t<span class=\"_ _9\"></span>o reflect<span class=\"_ _9\"></span> the expect<span class=\"_ _9\"></span>ed recovery of oner<span class=\"_ _9\"></span>ous contract<span class=\"_ _9\"></span> losses where <span class=\"ls8 ws4\"> </span>such contr<span class=\"_ _9\"></span>acts reins<span class=\"_ _9\"></span>ure onerous con<span class=\"_ _9\"></span>tracts<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt of the reinsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e asset for i<span class=\"_ _7\"></span>ncur<span class=\"_ _7\"></span>red <span class=\"ls8 ws4\"> </span></span>cla<span class=\"_ _7\"></span>ims (AIC) is s<span class=\"_ _7\"></span>imila<span class=\"_ _7\"></span>r t<span class=\"_ _9\"></span>o the LIC a<span class=\"_ _7\"></span>s set out a<span class=\"_ _7\"></span>bove<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>except for the adj<span class=\"_ _7\"></span>ustmen<span class=\"_ _7\"></span>t for the ef<span class=\"_ _7\"></span>fect of the r<span class=\"_ _7\"></span>isk <span class=\"ls8 ws4\"> </span>of r<span class=\"_ _9\"></span>einsurer\u2019<span class=\"_ _a\"></span>s non-per<span class=\"_ _7\"></span>formance<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the expec<span class=\"_ _7\"></span>ted premi<span class=\"_ _7\"></span>um rece<span class=\"_ _7\"></span>ipts are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in <span class=\"ls8 ws4\"> </span></span>the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated incom<span class=\"_ _7\"></span>e statement a<span class=\"_ _7\"></span>s par<span class=\"_ _7\"></span>t of <span class=\"ls8 ws4\"> </span>insu<span class=\"_ _7\"></span>rance reve<span class=\"_ _7\"></span>nue over the in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce coverag<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>per<span class=\"_ _7\"></span>iod on th<span class=\"_ _7\"></span>e basis of the pa<span class=\"_ _7\"></span>ssag<span class=\"_ _7\"></span>e of time unl<span class=\"_ _7\"></span>ess <span class=\"ls8 ws4\"> </span>the expe<span class=\"_ _7\"></span>cted pat<span class=\"_ _7\"></span>tern of rele<span class=\"_ _7\"></span>ase fro<span class=\"_ _7\"></span>m risk d<span class=\"_ _7\"></span>if<span class=\"_ _7\"></span>fers sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>ntly from th<span class=\"_ _7\"></span>e pass<span class=\"_ _7\"></span>age of time, in whi<span class=\"_ _7\"></span>ch <span class=\"ls8 ws4\"> </span>cas<span class=\"_ _7\"></span>e it is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed base<span class=\"_ _7\"></span>d on the exp<span class=\"_ _7\"></span>ected <span class=\"ls8 ws4\"> </span>timin<span class=\"_ _7\"></span>g of incurre<span class=\"_ _7\"></span>d clai<span class=\"_ _7\"></span>ms and be<span class=\"_ _7\"></span>nefits;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>all insu<span class=\"_ _7\"></span>rance a<span class=\"_ _7\"></span>nd rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contrac<span class=\"_ _7\"></span>t assets <span class=\"ls8 ws4\"> </span></span>and liabilities<span class=\"_ _9\"></span> are monetary items.<span class=\"_ _9\"></span> As a result<span class=\"_ _9\"></span>,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>those balances denominat<span class=\"_ _9\"></span>ed in for<span class=\"_ _9\"></span>eign <span class=\"ls8 ws4\"> </span>cur<span class=\"_ _7\"></span>renci<span class=\"_ _7\"></span>es are su<span class=\"_ _7\"></span>bject to revaluati<span class=\"_ _7\"></span>on at foreig<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span>exchang<span class=\"_ _7\"></span>e rates prevailin<span class=\"_ _7\"></span>g at the repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting <span class=\"ls8 ws4\"> </span>date, with the imp<span class=\"_ _7\"></span>act of chan<span class=\"_ _7\"></span>ges in fo<span class=\"_ _7\"></span>reign <span class=\"ls8 ws4\"> </span>exchang<span class=\"_ _7\"></span>e rates reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in the con<span class=\"_ _7\"></span>solidated <span class=\"ls8 ws4\"> </span>inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>unde<span class=\"_ _7\"></span>r IFRS 4<span class=\"_ _9\"></span>, ac<span class=\"_ _7\"></span>quisi<span class=\"_ _7\"></span>tion costs we<span class=\"_ _7\"></span>re recog<span class=\"_ _7\"></span>nised <span class=\"ls8 ws4\"> </span></span>and p<span class=\"_ _7\"></span>resented s<span class=\"_ _7\"></span>eparatel<span class=\"_ _7\"></span>y as \u2018<span class=\"_ _9\"></span>defer<span class=\"_ _7\"></span>red acq<span class=\"_ _7\"></span>uisitio<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span>costs\u2019<span class=\"_ _a\"></span>. Unde<span class=\"_ _7\"></span>r IFRS 1<span class=\"_ _a\"></span>7<span class=\"_ _20\"></span>, the G<span class=\"_ _7\"></span>roup has ta<span class=\"_ _7\"></span>ken the <span class=\"ls8 ws4\"> </span>opti<span class=\"_ _9\"></span>on to<span class=\"_ _9\"></span> include directly<span class=\"_ _9\"></span> attributable acquisition<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>cas<span class=\"_ _7\"></span>h flows in the LRC w<span class=\"_ _7\"></span>hich a<span class=\"_ _7\"></span>re t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>sted sepa<span class=\"_ _7\"></span>rately <span class=\"ls8 ws4\"> </span>for rec<span class=\"_ _7\"></span>overabil<span class=\"_ _7\"></span>ity a<span class=\"_ _7\"></span>nd are am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tised a<span class=\"_ _7\"></span>s par<span class=\"_ _7\"></span>t of <span class=\"ls8 ws4\"> </span>insurance ser<span class=\"_ _7\"></span>vice expenses.<span class=\"_ _304\"> </span>Chang<span class=\"_ _7\"></span>es to pres<span class=\"_ _7\"></span>entation an<span class=\"_ _7\"></span>d discl<span class=\"_ _7\"></span>osure<span class=\"_ _304\"> </span>The p<span class=\"_ _7\"></span>rese<span class=\"_ _7\"></span>ntation of the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated incom<span class=\"_ _7\"></span>e statement cha<span class=\"_ _7\"></span>nges, w<span class=\"_ _7\"></span>ith premi<span class=\"_ _7\"></span>um and cl<span class=\"_ _7\"></span>aims fig<span class=\"_ _7\"></span>ures be<span class=\"_ _7\"></span>ing rep<span class=\"_ _7\"></span>lace<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>with in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce revenue, ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce expe<span class=\"_ _7\"></span>nse and insu<span class=\"_ _7\"></span>rance fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>e incom<span class=\"_ _7\"></span>e and expe<span class=\"_ _7\"></span>nses. G<span class=\"_ _7\"></span>ross an<span class=\"_ _7\"></span>d net <span class=\"ls8 ws4\"> </span>wri<span class=\"_ _7\"></span>tten pre<span class=\"_ _7\"></span>mium w<span class=\"_ _7\"></span>ill no lon<span class=\"_ _7\"></span>ger be p<span class=\"_ _7\"></span>resen<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed o<span class=\"_ _7\"></span>n the face <span class=\"ls8 ws4\"> </span>of the con<span class=\"_ _7\"></span>solidated i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement.<span class=\"_ _304\"> </span>Further<span class=\"_ _a\"></span>, reinsurance commi<span class=\"_ _9\"></span>ssion income that<span class=\"_ _9\"></span> is contingen<span class=\"_ _9\"></span>t <span class=\"ls8 ws4\"> </span>on claims<span class=\"_ _9\"></span>, for e<span class=\"_ _9\"></span>xample pro<span class=\"_ _9\"></span>fit commission income<span class=\"_ _9\"></span>, is tr<span class=\"_ _9\"></span>eated<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>as pa<span class=\"_ _7\"></span>rt of c<span class=\"_ _7\"></span>laims re<span class=\"_ _7\"></span>coveri<span class=\"_ _7\"></span>es cas<span class=\"_ _7\"></span>h flows and that w<span class=\"_ _7\"></span>hich is <span class=\"ls8 ws4\"> </span>not con<span class=\"_ _9\"></span>tingent on clai<span class=\"_ _9\"></span>ms, for<span class=\"_ _9\"></span> example o<span class=\"_ _9\"></span>verrider commission,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>is acc<span class=\"_ _7\"></span>ounted for as p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>t of premiu<span class=\"_ _7\"></span>m paid or re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>ved <span class=\"ls8 ws4\"> </span>ca<span class=\"_ _7\"></span>sh flow<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>ransition<span class=\"_ _304\"> </span>On tra<span class=\"_ _7\"></span>nsitio<span class=\"_ _7\"></span>n date<span class=\"_ _9\"></span>, 1 Jan<span class=\"_ _7\"></span>uar<span class=\"_ _7\"></span>y 2022<span class=\"_ _9\"></span>, the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>has ide<span class=\"_ _7\"></span>ntified, rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed an<span class=\"_ _7\"></span>d meas<span class=\"_ _7\"></span>ured eac<span class=\"_ _7\"></span>h group </span>of insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ontracts as i<span class=\"_ _7\"></span>f IFRS 1<span class=\"_ _a\"></span>7 requ<span class=\"_ _7\"></span>ireme<span class=\"_ _7\"></span>nts had alway<span class=\"_ _9\"></span>s applied;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>derecognised any e<span class=\"_ _9\"></span>xisting balances tha<span class=\"_ _9\"></span>t would no<span class=\"_ _9\"></span>t <span class=\"ls8 ws4\"> </span></span>exist h<span class=\"_ _7\"></span>ad IFRS 1<span class=\"_ _a\"></span>7 requ<span class=\"_ _7\"></span>ireme<span class=\"_ _7\"></span>nts always app<span class=\"_ _7\"></span>lied;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>med a P<span class=\"_ _9\"></span>A<span class=\"_ _7\"></span>A eli<span class=\"_ _7\"></span>gibili<span class=\"_ _7\"></span>ty as<span class=\"_ _7\"></span>ses<span class=\"_ _7\"></span>sment fo<span class=\"_ _7\"></span>r the <span class=\"ls8 ws4\"> </span></span>202<span class=\"_ _9\"></span>1 and pr<span class=\"_ _7\"></span>ior un<span class=\"_ _7\"></span>expired g<span class=\"_ _7\"></span>roups of insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e and re<span class=\"_ _7\"></span>ins<span class=\"_ _7\"></span>ur<span class=\"_ _7\"></span>an<span class=\"_ _7\"></span>ce <span class=\"_ _7\"></span>contrac<span class=\"_ _7\"></span>ts with coverag<span class=\"_ _7\"></span>e per<span class=\"_ _7\"></span>iods of lon<span class=\"_ _7\"></span>ger <span class=\"ls8 ws4\"> </span>than 1<span class=\"_ _9\"></span>2 months; A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>has deter<span class=\"_ _7\"></span>mined th<span class=\"_ _7\"></span>at the net imp<span class=\"_ _7\"></span>act to equit<span class=\"_ _7\"></span>y at <span class=\"ls8 ws4\"> </span></span>1 Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y 2022 was $2<span class=\"_ _9\"></span>5.<span class=\"_ _20\"></span>1 m<span class=\"_ _7\"></span>illion (<span class=\"_ _7\"></span>incre<span class=\"_ _7\"></span>ase) drive<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span>by t<span class=\"_ _9\"></span>he follo<span class=\"_ _9\"></span>wing fact<span class=\"_ _9\"></span>ors<span class=\"_ _9\"></span>:  A<span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the a<span class=\"_ _7\"></span>pplic<span class=\"_ _7\"></span>ation of the di<span class=\"_ _7\"></span>scountin<span class=\"_ _7\"></span>g of the <span class=\"ls8 ws4\"> </span></span>insurance cont<span class=\"_ _9\"></span>ract liabilit<span class=\"_ _9\"></span>ies and assets o<span class=\"_ _9\"></span>f <span class=\"ls8 ws4\"> </span>$55.<span class=\"_ _9\"></span>0 million<span class=\"_ _9\"></span> (increase)<span class=\"_ _9\"></span>; and A<span class=\"_ _7\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>off<span class=\"_ _7\"></span>set<span class=\"_ _9\"></span> by ot<span class=\"_ _9\"></span>her dif<span class=\"_ _7\"></span>ferences including t<span class=\"_ _9\"></span>he recognition </span>of oner<span class=\"_ _9\"></span>ous contract<span class=\"_ _9\"></span> net loss component<span class=\"_ _9\"></span>s,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>non-p<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>form<span class=\"_ _7\"></span>ance r<span class=\"_ _7\"></span>isk, and a<span class=\"_ _7\"></span>lignm<span class=\"_ _7\"></span>ent of ris<span class=\"_ _7\"></span>k adjustment<span class=\"_ _9\"></span> and accountin<span class=\"_ _9\"></span>g policies on a consis<span class=\"_ _9\"></span>tent<span class=\"_ _9\"></span> basi<span class=\"_ _7\"></span>s unde<span class=\"_ _7\"></span>r IFRS 1<span class=\"_ _a\"></span>7 of $29<span class=\"_ _9\"></span>.9 mill<span class=\"_ _7\"></span>ion (decre<span class=\"_ _7\"></span>ase)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>2<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.2 IFRS 9 <span class=\"ff68 ls3d ws46\">Financial Instrum<span class=\"_ _9\"></span>ents<span class=\"_ _304\"> </span></span>The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s adopted IFRS 9 <span class=\"ff68 ls3d ws46\">Financial Ins<span class=\"_ _9\"></span>truments<span class=\"ff5f ls8 wsb4\"> wi<span class=\"_ _7\"></span>th </span></span>ef<span class=\"_ _7\"></span>fect f<span class=\"_ _7\"></span>rom 1 Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y 2023<span class=\"_ _9\"></span>. IFRS 9 re<span class=\"_ _7\"></span>plac<span class=\"_ _7\"></span>es IAS 39 an<span class=\"_ _7\"></span>d addresses the<span class=\"_ _9\"></span> classification and measurement<span class=\"_ _9\"></span> of financial<span class=\"_ _9\"></span> ass<span class=\"_ _7\"></span>ets and lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es; impair<span class=\"_ _7\"></span>ment of fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l assets; and gen<span class=\"_ _7\"></span>eral h<span class=\"_ _7\"></span>edge ac<span class=\"_ _7\"></span>counti<span class=\"_ _7\"></span>ng. Compa<span class=\"_ _7\"></span>ratives have be<span class=\"_ _7\"></span>en <span class=\"ls8 ws4\"> </span>restated w<span class=\"_ _7\"></span>ith adju<span class=\"_ _7\"></span>stments to the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mounts of <span class=\"ls8 ws4\"> </span>fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets an<span class=\"_ _7\"></span>d liabi<span class=\"_ _7\"></span>lities at th<span class=\"_ _7\"></span>e date of transitio<span class=\"_ _7\"></span>n recognised in ret<span class=\"_ _9\"></span>ained ear<span class=\"_ _7\"></span>nings<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The a<span class=\"_ _7\"></span>doption of IFRS 9 h<span class=\"_ _7\"></span>as resul<span class=\"_ _7\"></span>ted in cha<span class=\"_ _7\"></span>nges to the <span class=\"ls8 ws4\"> </span>Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s accounting pol<span class=\"_ _9\"></span>icies for recognit<span class=\"_ _9\"></span>ion, classificat<span class=\"_ _9\"></span>ion <span class=\"ls8 ws4\"> </span>and measurement o<span class=\"_ _9\"></span>f financial assets<span class=\"_ _9\"></span> and liabilities.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>ransition<span class=\"_ _304\"> </span>On the tra<span class=\"_ _7\"></span>nsitio<span class=\"_ _7\"></span>n date, 1 Januar<span class=\"_ _7\"></span>y 2022<span class=\"_ _9\"></span>, the n<span class=\"_ _7\"></span>et impact reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in equ<span class=\"_ _7\"></span>ity i<span class=\"_ _7\"></span>s $<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.2 m<span class=\"_ _7\"></span>illion (dec<span class=\"_ _7\"></span>rease) dr<span class=\"_ _7\"></span>iven by the reco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n of expec<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed c<span class=\"_ _7\"></span>redit l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s (ECL) unde<span class=\"_ _7\"></span>r IFRS 9 <span class=\"ls8 ws4\"> </span>for fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tised c<span class=\"_ _7\"></span>ost, net of ta<span class=\"_ _7\"></span>x.<span class=\"_ _304\"> </span>Class<span class=\"_ _7\"></span>ificatio<span class=\"_ _7\"></span>n and meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt of financ<span class=\"_ _7\"></span>ial in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nts<span class=\"_ _304\"> </span>IFRS 9<span class=\"_ _9\"></span> contains t<span class=\"_ _9\"></span>hree principal classificat<span class=\"_ _9\"></span>ion cat<span class=\"_ _9\"></span>egorie<span class=\"_ _7\"></span>s f<span class=\"_ _9\"></span>or fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets: amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed cost; fair va<span class=\"_ _7\"></span>lue throu<span class=\"_ _7\"></span>gh other com<span class=\"_ _7\"></span>prehe<span class=\"_ _7\"></span>nsive inc<span class=\"_ _7\"></span>ome (F<span class=\"_ _7\"></span>VOCI); and fair va<span class=\"_ _7\"></span>lue throug<span class=\"_ _7\"></span>h <span class=\"ls8 ws4\"> </span>profit or l<span class=\"_ _7\"></span>oss (F<span class=\"_ _7\"></span>VPL). On trans<span class=\"_ _7\"></span>ition to IFRS 9, the Group ass<span class=\"_ _7\"></span>esse<span class=\"_ _7\"></span>d the bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s mode<span class=\"_ _7\"></span>ls and co<span class=\"_ _7\"></span>ntractua<span class=\"_ _7\"></span>l cash <span class=\"ls8 ws4\"> </span>flows of its fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l instrum<span class=\"_ _7\"></span>ents.<span class=\"_ _304\"> </span>The below table<span class=\"_ _9\"></span> reconciles the carry<span class=\"_ _7\"></span>ing amoun<span class=\"_ _9\"></span>ts o<span class=\"_ _9\"></span>f financial instr<span class=\"_ _7\"></span>uments, f<span class=\"_ _7\"></span>rom their prev<span class=\"_ _7\"></span>ious m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>rement c<span class=\"_ _7\"></span>ategor<span class=\"_ _7\"></span>y in acco<span class=\"_ _7\"></span>rdanc<span class=\"_ _7\"></span>e with IAS 39, to the meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt categor<span class=\"_ _7\"></span>ies <span class=\"ls8 ws4\"> </span>upon tr<span class=\"_ _7\"></span>ansiti<span class=\"_ _7\"></span>on to IFRS 9 on 1 Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y 2022<span class=\"_ _9\"></span>, inclu<span class=\"_ _7\"></span>ding any <span class=\"ls8 ws4\"> </span>remeasurement impact<span class=\"_ _9\"></span>. Cer<span class=\"_ _7\"></span>tain balances previously disclosed<span class=\"_ _9\"></span> withi<span class=\"_ _7\"></span>n trade an<span class=\"_ _7\"></span>d other rece<span class=\"_ _7\"></span>ivabl<span class=\"_ _7\"></span>es/payable<span class=\"_ _7\"></span>s are in sc<span class=\"_ _7\"></span>ope of IFRS 1<span class=\"_ _a\"></span>7 as th<span class=\"_ _7\"></span>ey are attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble to insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ontracts; these bala<span class=\"_ _7\"></span>nce<span class=\"_ _7\"></span>s have been exclu<span class=\"_ _7\"></span>ded fro<span class=\"_ _7\"></span>m the tabl<span class=\"_ _7\"></span>e below as th<span class=\"_ _7\"></span>ey are not in sc<span class=\"_ _7\"></span>ope of IFRS 9.<span class=\"_ _304\"> </span>The classification o<span class=\"_ _9\"></span>f financial inst<span class=\"_ _9\"></span>ruments under IF<span class=\"_ _9\"></span>RS 9 has<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>had no im<span class=\"_ _7\"></span>pact on th<span class=\"_ _7\"></span>e carr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing valu<span class=\"_ _7\"></span>es prev<span class=\"_ _7\"></span>iousl<span class=\"_ _7\"></span>y meas<span class=\"_ _7\"></span>ured und<span class=\"_ _7\"></span>er IAS 39.<span class=\"_ _304\"> </span>The d<span class=\"_ _7\"></span>if<span class=\"_ _7\"></span>feren<span class=\"_ _7\"></span>ce in the c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng amou<span class=\"_ _7\"></span>nt for trade a<span class=\"_ _7\"></span>nd other rece<span class=\"_ _7\"></span>ivabl<span class=\"_ _7\"></span>es is du<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o the ECL i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment me<span class=\"_ _7\"></span>thodolo<span class=\"_ _7\"></span>gy introdu<span class=\"_ _7\"></span>ced by IFRS 9.<span class=\"_ _304\"> </span>Impairment allo<span class=\"_ _9\"></span>wances<span class=\"_ _304\"> </span>IFRS 9 introd<span class=\"_ _7\"></span>uces a<span class=\"_ _7\"></span>n ECL appro<span class=\"_ _7\"></span>ach for me<span class=\"_ _7\"></span>asur<span class=\"_ _7\"></span>ing <span class=\"ls8 ws4\"> </span>impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt allowan<span class=\"_ _7\"></span>ces. Th<span class=\"_ _7\"></span>e ECL method<span class=\"_ _7\"></span>olog<span class=\"_ _7\"></span>y is an <span class=\"ls8 ws4\"> </span>unbiased,<span class=\"_ _9\"></span> probability-<span class=\"_ _9\"></span>weight<span class=\"_ _9\"></span>ed estimat<span class=\"_ _9\"></span>ion that<span class=\"_ _9\"></span> incorporates<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>all avail<span class=\"_ _7\"></span>able i<span class=\"_ _7\"></span>nformatio<span class=\"_ _7\"></span>n relevant to the as<span class=\"_ _7\"></span>sess<span class=\"_ _7\"></span>ment of <span class=\"ls8 ws4\"> </span>cr<span class=\"_ _7\"></span>ed<span class=\"_ _7\"></span>i<span class=\"_ _7\"></span>t r<span class=\"_ _7\"></span>i<span class=\"_ _7\"></span>sk,<span class=\"_ _7\"></span> i<span class=\"_ _7\"></span>nc<span class=\"_ _7\"></span>lu<span class=\"_ _7\"></span>di<span class=\"_ _7\"></span>n<span class=\"_ _7\"></span>g info<span class=\"_ _7\"></span>rmation a<span class=\"_ _7\"></span>bout p<span class=\"_ _7\"></span>ast events, cur<span class=\"_ _7\"></span>rent conditions<span class=\"_ _9\"></span> and reasonable and<span class=\"_ _7\"></span> su<span class=\"_ _7\"></span>ppo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>ble <span class=\"_ _7\"></span>fore<span class=\"_ _7\"></span>ca<span class=\"_ _7\"></span>sts <span class=\"ls8 ws4\"> </span>of eco<span class=\"_ _7\"></span>nomic c<span class=\"_ _7\"></span>onditi<span class=\"_ _7\"></span>ons at the rep<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>ting date. The <span class=\"ls8 ws4\"> </span>for<span class=\"_ _7\"></span>ward-lo<span class=\"_ _7\"></span>okin<span class=\"_ _7\"></span>g aspe<span class=\"_ _7\"></span>ct of IFRS 9 requ<span class=\"_ _7\"></span>ires ju<span class=\"_ _7\"></span>dgem<span class=\"_ _7\"></span>ent <span class=\"ls8 ws4\"> </span>as to how chan<span class=\"_ _7\"></span>ges in e<span class=\"_ _7\"></span>cono<span class=\"_ _7\"></span>mic factor<span class=\"_ _7\"></span>s affe<span class=\"_ _7\"></span>ct ECLs.<span class=\"_ _304\"> </span>Clas<span class=\"_ _7\"></span>sific<span class=\"_ _7\"></span>ation and m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>remen<span class=\"_ _7\"></span>t of financi<span class=\"_ _7\"></span>al instr<span class=\"_ _7\"></span>ument<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> <table class=\"s w14a h9e\" id=\"_1e235303-4f13-4a2d-8147-631f1a6b888a\"><tr><td></td><td></td><td class=\"t m0 x35a h44 y1f43 ff5f fs28 fc2 sc0 lse4 ws15d\">31 Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er 20<span class=\"_ _7\"></span>21<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x35b h43 y1f43 ff64 fs28 fc2 sc0 lse4 ws15d\">1 Jan<span class=\"_ _7\"></span>uar<span class=\"_ _7\"></span>y 20<span class=\"_ _7\"></span>22<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x35c h44 y1f44 ff5f fs28 fc2 sc0 lse4 ws15d\">IAS 3<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x35d h43 y1f44 ff64 fs28 fc2 sc0 lse4 ws15d\">IFR<span class=\"_ _7\"></span>S 9<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x261 h44 y1f45 ff5f fs28 fc2 sc0 lsf3 ws13f\">Measurement<span class=\"_ _9\"></span> </td><td class=\"t m0 x35e h44 y1f45 ff5f fs28 fc2 sc0 lsed ws139\">Carrying amount </td><td class=\"t m0 x35f h43 y1f45 ff64 fs28 fc2 sc0 lsed ws17b\">Measurement </td><td class=\"t m0 x360 h43 y1f45 ff64 fs28 fc2 sc0 lsf0 ws13c\">Carr<span class=\"_ _7\"></span>ying amount<span class=\"_ _9\"></span> </td></tr><tr><td></td><td class=\"t m0 x361 h44 y1f46 ff5f fs28 fc2 sc0 ls10a ws15c\">category<span class=\"_ _304\"> </span></td><td class=\"t m0 x362 h44 y1f46 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x363 h43 y1f46 ff64 fs28 fc2 sc0 lsa1 wsba\">cate<span class=\"_ _7\"></span>gor<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y1f46 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb h25 y1f47 ff64 fs7 fc2 sc0 ls3c ws45\">Financial assets<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f48 w14b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Government gilt<span class=\"_ _9\"></span>s/bonds<span class=\"_ _304\"> </span></div></td><td class=\"c n x364 y1f48 w14c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL<span class=\"_ _304\"> </span></div></td><td class=\"c n x365 y1f48 w18 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">9<span class=\"_ _2c\"> </span>0<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x366 y1f48 w14d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL (<span class=\"_ _9\"></span>mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x367 y1f48 w14e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">9<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f49 w14f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Corporate<span class=\"_ _9\"></span> bonds<span class=\"_ _304\"> </span></div></td><td class=\"c n x368 y1f49 w150 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">FV<span class=\"_ _7\"></span>PL<span class=\"_ _304\"> </span></div></td><td class=\"c n x369 y1f49 w151 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb4 wsd1\">3<span class=\"_ _7\"></span>,60<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x36a y1f49 w14d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _9\"></span> (mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x30c y1f49 w152 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">3,60<span class=\"_ _7\"></span>0.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4a w153 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Asset back<span class=\"_ _9\"></span>ed securities<span class=\"_ _304\"> </span></div></td><td class=\"c n x36b y1f4a w154 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _8\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x36c y1f4a w155 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x36d y1f4a w156 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">FVPL (<span class=\"_ _9\"></span>mandatory)<span class=\"_ _304\"> </span></div></td><td class=\"c n x36e y1f4a w157 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">11<span class=\"_ _7\"></span>6<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4b w158 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Mor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>gage-back<span class=\"_ _9\"></span>ed securities<span class=\"_ _304\"> </span></div></td><td class=\"c n x36f y1f4b w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x370 y1f4b w14e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x371 y1f4b w156 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">FVPL (<span class=\"_ _9\"></span>mandatory)<span class=\"_ _304\"> </span></div></td><td class=\"c n x372 y1f4b w15a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4c w15b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Other fixed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x373 y1f4c w14c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL<span class=\"_ _304\"> </span></div></td><td class=\"c n x374 y1f4c w35 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">434.<span class=\"_ _9\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x375 y1f4c w156 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">FVPL (m<span class=\"_ _9\"></span>andatory)<span class=\"_ _304\"> </span></div></td><td class=\"c n x376 y1f4c w15c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4<span class=\"_ _7\"></span>34.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4d w15d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Hedge/<span class=\"_ _9\"></span>equity funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x377 y1f4d w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x378 y1f4d w15e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x379 y1f4d w15f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _9\"></span> (mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x37a y1f4d w160 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4e w161 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">Strateg<span class=\"_ _7\"></span>ic inves<span class=\"_ _7\"></span>tments<span class=\"_ _304\"> </span></div></td><td class=\"c n x37b y1f4e w14c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL<span class=\"_ _304\"> </span></div></td><td class=\"c n x37c y1f4e w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">44.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x37d y1f4e w14d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL (<span class=\"_ _9\"></span>mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x37e y1f4e wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">44.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f4f w162 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">Insurance-linked funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x37f y1f4f w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x380 y1f4f w163 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">50.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x381 y1f4f w15f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL (<span class=\"_ _9\"></span>mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x382 y1f4f w164 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">5<span class=\"_ _7\"></span>0.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y1f50 ff5f fs7 fc2 sc0 ls3b ws44\">Deposits with<span class=\"_ _9\"></span> credit inst<span class=\"_ _9\"></span>itutions<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x383 he y1f50 ff5f fs7 fc2 sc0 ls3e ws47\">Loans<span class=\"_ _9\"></span> and receiv<span class=\"_ _9\"></span>ables<span class=\"_ _304\"> </span></td><td class=\"c n x384 y1f51 w13c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">10<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x385 y1f51 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x386 y1f51 w166 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y1f52 ff5f fs7 fc2 sc0 ls83 ws155\">(L<span class=\"_ _7\"></span>loyd\u2019<span class=\"_ _9\"></span>s de<span class=\"_ _7\"></span>po<span class=\"_ _7\"></span>sit<span class=\"_ _7\"></span>s)</td><td class=\"t m0 x387 he y1f52 ff5f fs7 fc2 sc0 ls73 ws48\"> (Amor<span class=\"_ _7\"></span>tised cost)<span class=\"_ _304\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f53 w167 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws10a\">Derivat<span class=\"_ _9\"></span>ives<span class=\"_ _304\"> </span></div></td><td class=\"c n x388 y1f53 w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x389 y1f53 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x38a y1f53 w14d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _9\"></span> (mandat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y)<span class=\"_ _304\"> </span></div></td><td class=\"c n x38b y1f53 w7c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f54 w168 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>rad<span class=\"_ _7\"></span>e and other re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>vable<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x38c y1f54 w169 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3e ws47\">Loans<span class=\"_ _9\"></span> and receiv<span class=\"_ _9\"></span>ables<span class=\"_ _304\"> </span></div></td><td class=\"c n x38d y1f54 w16a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">68.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x38e y1f54 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">A<span class=\"_ _7\"></span>mortised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x38f y1f54 w16b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x390 he y1f55 ff5f fs7 fc2 sc0 ls73 ws48\">(Amor<span class=\"_ _7\"></span>tised cost)<span class=\"_ _304\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f56 w16c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Cash and<span class=\"_ _9\"></span> cash equivalen<span class=\"_ _9\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n x391 y1f56 w16d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x392 y1f56 w16e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x393 y1f56 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">A<span class=\"_ _7\"></span>mortised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x394 y1f56 w16f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f57 w170 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d wsf4\">T<span class=\"_ _a\"></span>otal<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x395 y1f57 w171 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _2c\"></span>4<span class=\"_ _7\"></span>1<span class=\"_ _8\"></span>0<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x396 y1f57 w172 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsab wsc8\">7,<span class=\"_ _8\"></span>4<span class=\"_ _c\"> </span>0<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y1f58 ff64 fs7 fc2 sc0 ls7c ws89\">Financial liabilities<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f59 w173 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Bor<span class=\"_ _7\"></span>rowings a<span class=\"_ _7\"></span>nd accr<span class=\"_ _7\"></span>ued intere<span class=\"_ _7\"></span>st<span class=\"_ _304\"> </span></div></td><td class=\"c n x397 y1f59 w174 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amortised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x384 y1f59 w175 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">7<span class=\"_ _20\"></span>4<span class=\"_ _7\"></span>6.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x398 y1f59 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x399 y1f59 w176 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">7<span class=\"_ _a\"></span>46.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed7 w167 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws10a\">Derivat<span class=\"_ _9\"></span>ives<span class=\"_ _304\"> </span></div></td><td class=\"c n x388 y1ed7 w159 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">F<span class=\"_ _7\"></span>VPL<span class=\"_ _304\"> </span></div></td><td class=\"c n x39a y1ed7 w177 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x39b y1ed7 w178 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">F<span class=\"_ _7\"></span>VP<span class=\"_ _9\"></span>L (mand<span class=\"_ _9\"></span>atory)<span class=\"_ _304\"> </span></div></td><td class=\"c n x39c y1ed7 w179 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w17a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>rad<span class=\"_ _7\"></span>e and other p<span class=\"_ _7\"></span>ayables<span class=\"_ _304\"> </span></div></td><td class=\"c n x39d y1ed8 w16d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x39e y1ed8 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x39f y1ed8 w165 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws44\">Amor<span class=\"_ _7\"></span>tised cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x3a0 y1ed8 w17b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w170 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d wsf4\">T<span class=\"_ _a\"></span>otal<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x3a1 y1e80 w12e h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x3a2 y1e80 w17c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">7<span class=\"_ _7\"></span>6<span class=\"_ _c\"> </span>9<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr></table>2<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.3 Am<span class=\"_ _7\"></span>endme<span class=\"_ _7\"></span>nts to IAS 1 Present<span class=\"_ _7\"></span>ation of Fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l<span class=\"_ _9\"></span> Stateme<span class=\"_ _7\"></span>nts and IFRS Pr<span class=\"_ _7\"></span>actice S<span class=\"_ _7\"></span>tatement 2, Maki<span class=\"_ _7\"></span>ng <span class=\"ls8 ws4\"> </span>Mat<span class=\"_ _9\"></span>erialit<span class=\"_ _7\"></span>y Judgements<span class=\"_ _9\"></span> \u2014 Disclosure o<span class=\"_ _9\"></span>f Account<span class=\"_ _9\"></span>ing P<span class=\"_ _9\"></span>olicies<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s adopted the am<span class=\"_ _7\"></span>endm<span class=\"_ _7\"></span>ents to IAS 1 for the first ti<span class=\"_ _7\"></span>me in the cu<span class=\"_ _7\"></span>rrent yea<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>. Th<span class=\"_ _7\"></span>e amen<span class=\"_ _7\"></span>dments c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>e the requ<span class=\"_ _7\"></span>ireme<span class=\"_ _7\"></span>nts in IAS 1 with re<span class=\"_ _7\"></span>gard to discl<span class=\"_ _7\"></span>osure of acc<span class=\"_ _7\"></span>ounting poli<span class=\"_ _7\"></span>cies. T<span class=\"_ _7\"></span>he ame<span class=\"_ _7\"></span>ndme<span class=\"_ _7\"></span>nts repla<span class=\"_ _7\"></span>ce all in<span class=\"_ _7\"></span>stanc<span class=\"_ _7\"></span>es of the term \u2018<span class=\"_ _9\"></span>significant account<span class=\"_ _9\"></span>ing policies<span class=\"_ _9\"></span>\u2019 with \u2018<span class=\"_ _9\"></span>mat<span class=\"_ _9\"></span>erial accountin<span class=\"_ _9\"></span>g <span class=\"ls8 ws4\"> </span>poli<span class=\"_ _7\"></span>cy inform<span class=\"_ _7\"></span>ation<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>. Th<span class=\"_ _7\"></span>ese am<span class=\"_ _7\"></span>endm<span class=\"_ _7\"></span>ents had no i<span class=\"_ _7\"></span>mpact on <span class=\"ls8 ws4\"> </span>the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated financ<span class=\"_ _7\"></span>ial statem<span class=\"_ _7\"></span>ents of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>2<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.4 Amen<span class=\"_ _7\"></span>dments to IAS 1<span class=\"_ _9\"></span>2 Income T<span class=\"_ _9\"></span>a<span class=\"_ _7\"></span>x<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s adopted the am<span class=\"_ _7\"></span>endm<span class=\"_ _7\"></span>ents to IAS 1<span class=\"_ _a\"></span>2 pu<span class=\"_ _7\"></span>blishe<span class=\"_ _7\"></span>d on 1<span class=\"_ _9\"></span>2 May 202<span class=\"_ _9\"></span>3 for the fir<span class=\"_ _7\"></span>st time in th<span class=\"_ _7\"></span>e curre<span class=\"_ _7\"></span>nt year<span class=\"_ _a\"></span>. T<span class=\"_ _7\"></span>he amendments address account<span class=\"_ _9\"></span>ing for income taxes arising<span class=\"_ _9\"></span> from ta<span class=\"_ _7\"></span>x l<span class=\"_ _7\"></span>aw enacted to impl<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt the Pilla<span class=\"_ _7\"></span>r T<span class=\"_ _a\"></span>wo mode<span class=\"_ _7\"></span>l rule<span class=\"_ _7\"></span>s published b<span class=\"_ _9\"></span>y the Organisat<span class=\"_ _9\"></span>ion for<span class=\"_ _9\"></span> Economic Co-operation<span class=\"_ _9\"></span> and D<span class=\"_ _7\"></span>evelopm<span class=\"_ _7\"></span>ent (OECD) (\u2018P<span class=\"_ _9\"></span>ill<span class=\"_ _7\"></span>ar T<span class=\"_ _a\"></span>wo le<span class=\"_ _7\"></span>gislati<span class=\"_ _7\"></span>on<span class=\"_ _9\"></span>\u2019)<span class=\"_ _9\"></span>. V<span class=\"_ _9\"></span>ar<span class=\"_ _7\"></span>ious jur<span class=\"_ _7\"></span>isdicti<span class=\"_ _7\"></span>ons in wh<span class=\"_ _7\"></span>ich the His<span class=\"_ _7\"></span>cox Group op<span class=\"_ _7\"></span>erates have en<span class=\"_ _7\"></span>acted or substant<span class=\"_ _9\"></span>ively enact<span class=\"_ _9\"></span>ed Pillar T<span class=\"_ _20\"></span>wo legislation<span class=\"_ _9\"></span> before t<span class=\"_ _9\"></span>he balance she<span class=\"_ _7\"></span>et date, includi<span class=\"_ _7\"></span>ng dome<span class=\"_ _7\"></span>stic top-up ta<span class=\"_ _7\"></span>x a<span class=\"_ _7\"></span>nd multin<span class=\"_ _7\"></span>ational top-up ta<span class=\"_ _7\"></span>xes, ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive for acco<span class=\"_ _7\"></span>unting pe<span class=\"_ _7\"></span>riod<span class=\"_ _7\"></span>s star<span class=\"_ _7\"></span>ting o<span class=\"_ _7\"></span>n or af<span class=\"_ _7\"></span>ter 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er 2023<span class=\"_ _9\"></span>. T<span class=\"_ _7\"></span>he Group h<span class=\"_ _7\"></span>as app<span class=\"_ _7\"></span>lied the exce<span class=\"_ _7\"></span>ption und<span class=\"_ _7\"></span>er the IAS 1<span class=\"_ _9\"></span>2 amen<span class=\"_ _7\"></span>dment to rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ing and d<span class=\"_ _7\"></span>isclos<span class=\"_ _7\"></span>ing infor<span class=\"_ _7\"></span>mation ab<span class=\"_ _7\"></span>out defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x a<span class=\"_ _7\"></span>ssets and l<span class=\"_ _7\"></span>iabil<span class=\"_ _7\"></span>ities re<span class=\"_ _7\"></span>lated <span class=\"ls8 ws4\"> </span>to t<span class=\"_ _9\"></span>op-u<span class=\"_ _7\"></span>p incom<span class=\"_ _7\"></span>e ta<span class=\"_ _7\"></span>xes. See note 23 for detai<span class=\"_ _7\"></span>ls of potential impac<span class=\"_ _7\"></span>t of these n<span class=\"_ _7\"></span>ew rule<span class=\"_ _7\"></span>s on futu<span class=\"_ _7\"></span>re accou<span class=\"_ _7\"></span>nting pe<span class=\"_ _7\"></span>riods.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s not ear<span class=\"_ _7\"></span>ly adopted any othe<span class=\"_ _7\"></span>r stand<span class=\"_ _7\"></span>ard, interp<span class=\"_ _7\"></span>retation or a<span class=\"_ _7\"></span>mendm<span class=\"_ _7\"></span>ent that ha<span class=\"_ _7\"></span>s bee<span class=\"_ _7\"></span>n issu<span class=\"_ _7\"></span>ed but is n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span> yet ef<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ve<span class=\"_ _9\"></span>. O<span class=\"_ _7\"></span>ther tha<span class=\"_ _7\"></span>n discus<span class=\"_ _7\"></span>sed as a<span class=\"_ _7\"></span>bove, new stand<span class=\"_ _7\"></span>ards, ame<span class=\"_ _7\"></span>ndme<span class=\"_ _7\"></span>nts t<span class=\"_ _9\"></span>o sta<span class=\"_ _7\"></span>ndard<span class=\"_ _7\"></span>s and inter<span class=\"_ _7\"></span>pretations, as a<span class=\"_ _7\"></span>dopted by the UK, that a<span class=\"_ _7\"></span>re ef<span class=\"_ _7\"></span>fective for a<span class=\"_ _7\"></span>nnua<span class=\"_ _7\"></span>l per<span class=\"_ _7\"></span>iods be<span class=\"_ _7\"></span>ginni<span class=\"_ _7\"></span>ng on 1 Jan<span class=\"_ _7\"></span>uar<span class=\"_ _7\"></span>y 2023 have bee<span class=\"_ _7\"></span>n appli<span class=\"_ _7\"></span>ed in pre<span class=\"_ _7\"></span>parin<span class=\"_ _7\"></span>g these cons<span class=\"_ _7\"></span>olidated fi<span class=\"_ _7\"></span>nanci<span class=\"_ _7\"></span>al stateme<span class=\"_ _7\"></span>nts and had n<span class=\"_ _7\"></span>o materia<span class=\"_ _7\"></span>l<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>impact on<span class=\"_ _9\"></span> the Group<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls78 ws41\"> <span class=\"_ _24\"></span>Am<span class=\"_ _7\"></span>endme<span class=\"_ _7\"></span>nts to IAS 1<span class=\"_ _a\"></span>2 Inc<span class=\"_ _7\"></span>ome T<span class=\"_ _a\"></span>a<span class=\"_ _7\"></span>xes \u2013 D<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span></span>T<span class=\"_ _a\"></span>ax re<span class=\"_ _9\"></span>lat<span class=\"_ _9\"></span>ed <span class=\"_ _9\"></span>to Assets a<span class=\"_ _7\"></span>nd Lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es ar<span class=\"_ _7\"></span>ising f<span class=\"_ _7\"></span>rom a <span class=\"ls8 ws4\"> </span>Single T<span class=\"_ _a\"></span>ransacti<span class=\"_ _9\"></span>on.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span> <span class=\"_ _24\"></span> <span class=\"_ _24\"></span>Am<span class=\"_ _7\"></span>endm<span class=\"_ _7\"></span>ents to IAS 8 Accou<span class=\"_ _7\"></span>nting Polici<span class=\"_ _7\"></span>es, Cha<span class=\"_ _7\"></span>nges </span>in Acc<span class=\"_ _7\"></span>ounting Esti<span class=\"_ _7\"></span>mates and Er<span class=\"_ _7\"></span>rors \u2013 Defi<span class=\"_ _7\"></span>nition of Acco<span class=\"_ _7\"></span>unting Estim<span class=\"_ _7\"></span>ates.<span class=\"_ _304\"> </span>(b<span class=\"_ _9\"></span>) Futur<span class=\"_ _9\"></span>e accounting de<span class=\"_ _9\"></span>velopments<span class=\"_ _304\"> </span>The fo<span class=\"_ _7\"></span>llowing n<span class=\"_ _7\"></span>ew stand<span class=\"_ _7\"></span>ards, and a<span class=\"_ _7\"></span>mend<span class=\"_ _7\"></span>ments to <span class=\"ls8 ws4\"> </span>stan<span class=\"_ _7\"></span>dards, are ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ctive for an<span class=\"_ _7\"></span>nual p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>ds beg<span class=\"_ _7\"></span>inning af<span class=\"_ _7\"></span>ter <span class=\"ls8 ws4\"> </span>1 Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y 2023 and have not bee<span class=\"_ _7\"></span>n app<span class=\"_ _7\"></span>lied in p<span class=\"_ _7\"></span>repar<span class=\"_ _7\"></span>ing thes<span class=\"_ _7\"></span>e fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Ame<span class=\"_ _7\"></span>ndments to IAS 1 Cl<span class=\"_ _7\"></span>assi<span class=\"_ _7\"></span>fication of L<span class=\"_ _7\"></span>iabil<span class=\"_ _7\"></span>ities <span class=\"ls8 ws4\"> </span></span>as Current<span class=\"_ _9\"></span> or Non-Current and Non<span class=\"_ _9\"></span>-current Liabilities<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>wi<span class=\"_ _7\"></span>th Cove<span class=\"_ _7\"></span>nant<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\">Amend<span class=\"_ _7\"></span>ments to IFRS 1<span class=\"_ _9\"></span>6 \u2013 <span class=\"ff68\">Lease Lia<span class=\"_ _7\"></span>bili<span class=\"_ _7\"></span>ty in a S<span class=\"_ _7\"></span>ale <span class=\"ls8 ws4\"> </span></span></span> <span class=\"_ _c0\"> </span>and Le<span class=\"_ _7\"></span>asebac<span class=\"_ _7\"></span><span class=\"ff5f ws117\">k.<span class=\"_ _304\"> </span></span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\">Amend<span class=\"_ _7\"></span>ments to IAS 7 and I<span class=\"_ _7\"></span>FRS 7 \u2013 <span class=\"ff68 ls3c wsbb\">Supplier <span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></span></span> <span class=\"_ _c0\"> </span>Fi<span class=\"_ _7\"></span>nance A<span class=\"_ _7\"></span>rrang<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nts<span class=\"_ _9\"></span><span class=\"ff5f ls8 ws4\">.<span class=\"_ _304\"> </span></span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\">Amend<span class=\"_ _7\"></span>ments to IFRS 1<span class=\"_ _9\"></span>0 and IAS 28 \u2013 Sal<span class=\"_ _7\"></span>e or <span class=\"ls8 ws4\"> </span></span> <span class=\"_ _c0\"> </span>Co<span class=\"_ _7\"></span>ntributi<span class=\"_ _7\"></span>on of Assets b<span class=\"_ _7\"></span>etwe<span class=\"_ _7\"></span>en an Inves<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>or a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span> <span class=\"_ _c0\"> </span>its Associat<span class=\"_ _9\"></span>e or Join<span class=\"_ _9\"></span>t V<span class=\"_ _9\"></span>enture<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-451": {
   "value": "2<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.<span class=\"_ _a\"></span>1 IFRS 1<span class=\"_ _a\"></span>7 <span class=\"ff68 ls39 ws43\">Insurance Con<span class=\"_ _9\"></span>tracts<span class=\"_ _304\"> </span></span>The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s restated co<span class=\"_ _7\"></span>mparati<span class=\"_ _7\"></span>ve informatio<span class=\"_ _7\"></span>n for 2022<span class=\"_ _9\"></span> applying the full<span class=\"_ _9\"></span> retr<span class=\"_ _9\"></span>ospective t<span class=\"_ _9\"></span>ransitional pro<span class=\"_ _9\"></span>visions o<span class=\"_ _9\"></span>f <span class=\"ls8 ws4\"> </span>IFRS 1<span class=\"_ _a\"></span>7 <span class=\"ff68 ls39 ws43\">Insurance Contrac<span class=\"_ _9\"></span>ts<span class=\"_ _9\"></span><span class=\"ff5f ls8 ws4\">. </span></span>The n<span class=\"_ _7\"></span>ature of the cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n accou<span class=\"_ _7\"></span>nting pol<span class=\"_ _7\"></span>icie<span class=\"_ _7\"></span>s can be summarised as fol<span class=\"_ _9\"></span>lows.<span class=\"_ _9\"></span> Measure<span class=\"_ _7\"></span>ment<span class=\"_ _304\"> </span>IFRS 1<span class=\"_ _a\"></span>7 req<span class=\"_ _7\"></span>uires a c<span class=\"_ _7\"></span>urrent m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nt mode<span class=\"_ _7\"></span>l where estim<span class=\"_ _7\"></span>ates are reme<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d each re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d. Under <span class=\"ls8 ws4\"> </span>the Ge<span class=\"_ _7\"></span>nera<span class=\"_ _7\"></span>l Mea<span class=\"_ _7\"></span>sureme<span class=\"_ _7\"></span>nt Mod<span class=\"_ _7\"></span>el (GMM), contracts are<span class=\"_ _304\"> </span>measured using the b<span class=\"_ _9\"></span>uilding blocks of<span class=\"_ _9\"></span> discounted<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>probability-<span class=\"_ _9\"></span>weight<span class=\"_ _9\"></span>ed fulfilment cash<span class=\"_ _9\"></span> flows,<span class=\"_ _9\"></span> including an<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>expli<span class=\"_ _7\"></span>cit ris<span class=\"_ _7\"></span>k adjustm<span class=\"_ _7\"></span>ent, and a co<span class=\"_ _7\"></span>ntractual s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e margi<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> (CSM<span class=\"_ _9\"></span>) representing<span class=\"_ _9\"></span> the unearned pro<span class=\"_ _9\"></span>fit of t<span class=\"_ _9\"></span>he contract<span class=\"_ _9\"></span> whi<span class=\"_ _7\"></span>ch is rec<span class=\"_ _7\"></span>ognise<span class=\"_ _7\"></span>d as revenu<span class=\"_ _7\"></span>e over the coverag<span class=\"_ _7\"></span>e per<span class=\"_ _7\"></span>iod. A simp<span class=\"_ _7\"></span>lificati<span class=\"_ _7\"></span>on, the premi<span class=\"_ _7\"></span>um allo<span class=\"_ _7\"></span>cation a<span class=\"_ _7\"></span>pproac<span class=\"_ _7\"></span>h (P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A)<span class=\"_ _9\"></span>, ca<span class=\"_ _7\"></span>n be applied if certain eligibility criteria are<span class=\"_ _9\"></span> met.<span class=\"_ _9\"></span> The majorit<span class=\"_ _7\"></span>y o<span class=\"_ _9\"></span>f the<span class=\"_ _9\"></span> Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s polici<span class=\"_ _7\"></span>es have a coverag<span class=\"_ _7\"></span>e per<span class=\"_ _7\"></span>iod of 1<span class=\"_ _a\"></span>2 m<span class=\"_ _7\"></span>onths or le<span class=\"_ _7\"></span>ss and s<span class=\"_ _7\"></span>o are elig<span class=\"_ _7\"></span>ible for the P<span class=\"_ _9\"></span>A<span class=\"_ _7\"></span>A<span class=\"_ _7\"></span>. Man<span class=\"_ _7\"></span>agem<span class=\"_ _7\"></span>ent app<span class=\"_ _7\"></span>lies s<span class=\"_ _7\"></span>ignific<span class=\"_ _7\"></span>ant judg<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nts in asse<span class=\"_ _7\"></span>ssi<span class=\"_ _7\"></span>ng whethe<span class=\"_ _7\"></span>r appl<span class=\"_ _7\"></span>ying th<span class=\"_ _7\"></span>e P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A to groups of contrac<span class=\"_ _7\"></span>ts with a covera<span class=\"_ _7\"></span>ge per<span class=\"_ _7\"></span>iod ex<span class=\"_ _7\"></span>tending b<span class=\"_ _7\"></span>eyond <span class=\"ls8 ws4\"> </span>1<span class=\"_ _a\"></span>2 m<span class=\"_ _7\"></span>onths would p<span class=\"_ _7\"></span>roduce a m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>rement of th<span class=\"_ _7\"></span>e liabi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y for rema<span class=\"_ _7\"></span>ining c<span class=\"_ _7\"></span>overage (LRC) that wo<span class=\"_ _7\"></span>uld not dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>r materia<span class=\"_ _7\"></span>lly <span class=\"ls8 ws4\"> </span>from th<span class=\"_ _7\"></span>e one that woul<span class=\"_ _7\"></span>d be produ<span class=\"_ _7\"></span>ced ap<span class=\"_ _7\"></span>plyi<span class=\"_ _7\"></span>ng GMM. Man<span class=\"_ _7\"></span>agem<span class=\"_ _7\"></span>ent has c<span class=\"_ _7\"></span>onclu<span class=\"_ _7\"></span>ded that a m<span class=\"_ _7\"></span>ajori<span class=\"_ _7\"></span>ty of the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s insurance contracts i<span class=\"_ _9\"></span>ssue<span class=\"_ _7\"></span>d and r<span class=\"_ _9\"></span>einsurance contracts held meet th<span class=\"_ _7\"></span>e criter<span class=\"_ _7\"></span>ia and th<span class=\"_ _7\"></span>e P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A is app<span class=\"_ _7\"></span>lied to mea<span class=\"_ _7\"></span>sure the<span class=\"_ _7\"></span>m.<span class=\"_ _304\"> </span>The measurement principles differ from t<span class=\"_ _9\"></span>he approach used<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>by the Grou<span class=\"_ _7\"></span>p unde<span class=\"_ _7\"></span>r IFRS 4<span class=\"_ _9\"></span>. T<span class=\"_ _7\"></span>he key areas a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>the<span class=\"_ _9\"></span> LRC reflect<span class=\"_ _9\"></span>s premiums r<span class=\"_ _9\"></span>ecei<span class=\"_ _7\"></span>v<span class=\"_ _9\"></span>ed less insurance </span>acquisition cash flo<span class=\"_ _9\"></span>ws and less amounts r<span class=\"_ _9\"></span>ecognised <span class=\"ls8 ws4\"> </span>in insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce revenue;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span> <span class=\"_ _24\"></span>mea<span class=\"_ _7\"></span>sureme<span class=\"_ _7\"></span>nt of the LRC is ad<span class=\"_ _7\"></span>justed if a g<span class=\"_ _7\"></span>roup of </span>contract<span class=\"_ _9\"></span>s is e<span class=\"_ _9\"></span>xpected t<span class=\"_ _9\"></span>o be onerous<span class=\"_ _9\"></span> (for e<span class=\"_ _9\"></span>xample,<span class=\"_ _9\"></span> loss mak<span class=\"_ _7\"></span>ing) over the rem<span class=\"_ _7\"></span>aining c<span class=\"_ _7\"></span>overage p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d and a los<span class=\"_ _7\"></span>s is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed imme<span class=\"_ _7\"></span>diately i<span class=\"_ _7\"></span>n the cons<span class=\"_ _7\"></span>olidated in<span class=\"_ _7\"></span>come stateme<span class=\"_ _7\"></span>nt unde<span class=\"_ _7\"></span>r \u2018insuran<span class=\"_ _7\"></span>ce ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>\u2019 with <span class=\"ls8 ws4\"> </span>the r<span class=\"_ _9\"></span>ecoveries in \u2018<span class=\"_ _9\"></span>amount<span class=\"_ _9\"></span>s recov<span class=\"_ _9\"></span>erable from r<span class=\"_ _9\"></span>einsurers <span class=\"ls8 ws4\"> </span>for inc<span class=\"_ _9\"></span>urred claims<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>. A<span class=\"_ _9\"></span> loss component is measured<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>as the exces<span class=\"_ _7\"></span>s of the ful<span class=\"_ _7\"></span>filment c<span class=\"_ _7\"></span>ash flows th<span class=\"_ _7\"></span>at relate <span class=\"ls8 ws4\"> </span>to the remai<span class=\"_ _7\"></span>ning cover<span class=\"_ _7\"></span>age of the group ove<span class=\"_ _7\"></span>r the <span class=\"ls8 ws4\"> </span>car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of the L<span class=\"_ _7\"></span>RC of the group of co<span class=\"_ _7\"></span>ntracts;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>measurement o<span class=\"_ _9\"></span>f the<span class=\"_ _9\"></span> liability for incurred claims<span class=\"_ _9\"></span> (LIC)<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></span>is det<span class=\"_ _9\"></span>ermined on a pr<span class=\"_ _9\"></span>obability-w<span class=\"_ _9\"></span>eighted<span class=\"_ _9\"></span> expected<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>value b<span class=\"_ _7\"></span>asis. In co<span class=\"_ _7\"></span>ntrast to IFRS 4, the LIC is disc<span class=\"_ _7\"></span>ounted. The LIC also<span class=\"_ _9\"></span> includes an explicit<span class=\"_ _9\"></span> risk adjustment<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>t<span class=\"_ _9\"></span>o compensate<span class=\"_ _9\"></span> for non-<span class=\"_ _9\"></span>financial risk. The l<span class=\"_ _9\"></span>iability <span class=\"ls8 ws4\"> </span>includes the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> obligation t<span class=\"_ _9\"></span>o pa<span class=\"_ _9\"></span>y ot<span class=\"_ _9\"></span>her incurred insurance expense<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the disco<span class=\"_ _7\"></span>unt rates use<span class=\"_ _7\"></span>d to calcul<span class=\"_ _7\"></span>ate the LIC are </span>construct<span class=\"_ _9\"></span>ed using risk<span class=\"_ _a\"></span>-free rat<span class=\"_ _9\"></span>es, pl<span class=\"_ _9\"></span>us an illiquidity prem<span class=\"_ _7\"></span>ium, whe<span class=\"_ _7\"></span>re appli<span class=\"_ _7\"></span>cabl<span class=\"_ _7\"></span>e. Risk<span class=\"_ _9\"></span>-free rates a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> determ<span class=\"_ _7\"></span>ined by refere<span class=\"_ _7\"></span>nce to the mar<span class=\"_ _7\"></span>ket obser<span class=\"_ _7\"></span>va<span class=\"_ _7\"></span>ble data (swap rates or hi<span class=\"_ _7\"></span>ghly li<span class=\"_ _7\"></span>quid sovere<span class=\"_ _7\"></span>ign bo<span class=\"_ _7\"></span>nds) in the curr<span class=\"_ _9\"></span>encies of the<span class=\"_ _9\"></span> respective (<span class=\"_ _9\"></span>re<span class=\"_ _9\"></span>)insurance cont<span class=\"_ _9\"></span>ract liabilities. The illiquidit<span class=\"_ _7\"></span>y premium is det<span class=\"_ _9\"></span>ermin<span class=\"_ _7\"></span>ed based <span class=\"ls8 ws4\"> </span>on market<span class=\"_ _9\"></span> obser<span class=\"_ _7\"></span>vable illiquidity premiums in<span class=\"_ _9\"></span> financial assets<span class=\"_ _9\"></span>, adjust<span class=\"_ _9\"></span>ed t<span class=\"_ _9\"></span>o reflect the<span class=\"_ _9\"></span> liquidity characterist<span class=\"_ _9\"></span>ics <span class=\"ls8 ws4\"> </span>of the lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y cas<span class=\"_ _7\"></span>h flows;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the risk ad<span class=\"_ _7\"></span>justme<span class=\"_ _7\"></span>nt for non-fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l risk is th<span class=\"_ _7\"></span>e estimated </span>com<span class=\"_ _7\"></span>pens<span class=\"_ _7\"></span>ation that the G<span class=\"_ _7\"></span>roup requ<span class=\"_ _7\"></span>ires for b<span class=\"_ _7\"></span>eari<span class=\"_ _7\"></span>ng the unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>taint<span class=\"_ _7\"></span>y abo<span class=\"_ _7\"></span>ut the am<span class=\"_ _7\"></span>ount an<span class=\"_ _7\"></span>d timing of the c<span class=\"_ _7\"></span>ash <span class=\"ls8 ws4\"> </span>flows of group<span class=\"_ _7\"></span>s of insuran<span class=\"_ _7\"></span>ce contr<span class=\"_ _7\"></span>acts. Mana<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt applies significant judgement<span class=\"_ _9\"></span>s in det<span class=\"_ _9\"></span>ermining the risk<span class=\"_ _9\"></span> adjustment<span class=\"_ _9\"></span> amount<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt of the reinsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e contract a<span class=\"_ _7\"></span>sset for </span>remaining coverage (<span class=\"_ _9\"></span>ARC) reflecting r<span class=\"_ _9\"></span>einsurance prem<span class=\"_ _7\"></span>iums pa<span class=\"_ _7\"></span>id for reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e held i<span class=\"_ _7\"></span>s adjusted to <span class=\"ls8 ws4\"> </span>include a loss<span class=\"_ _9\"></span>-recov<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>y component t<span class=\"_ _9\"></span>o reflect<span class=\"_ _9\"></span> the expect<span class=\"_ _9\"></span>ed recovery of oner<span class=\"_ _9\"></span>ous contract<span class=\"_ _9\"></span> losses where <span class=\"ls8 ws4\"> </span>such contr<span class=\"_ _9\"></span>acts reins<span class=\"_ _9\"></span>ure onerous con<span class=\"_ _9\"></span>tracts<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt of the reinsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e asset for i<span class=\"_ _7\"></span>ncur<span class=\"_ _7\"></span>red <span class=\"ls8 ws4\"> </span></span>cla<span class=\"_ _7\"></span>ims (AIC) is s<span class=\"_ _7\"></span>imila<span class=\"_ _7\"></span>r t<span class=\"_ _9\"></span>o the LIC a<span class=\"_ _7\"></span>s set out a<span class=\"_ _7\"></span>bove<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>except for the adj<span class=\"_ _7\"></span>ustmen<span class=\"_ _7\"></span>t for the ef<span class=\"_ _7\"></span>fect of the r<span class=\"_ _7\"></span>isk <span class=\"ls8 ws4\"> </span>of r<span class=\"_ _9\"></span>einsurer\u2019<span class=\"_ _a\"></span>s non-per<span class=\"_ _7\"></span>formance<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the expec<span class=\"_ _7\"></span>ted premi<span class=\"_ _7\"></span>um rece<span class=\"_ _7\"></span>ipts are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in <span class=\"ls8 ws4\"> </span></span>the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated incom<span class=\"_ _7\"></span>e statement a<span class=\"_ _7\"></span>s par<span class=\"_ _7\"></span>t of <span class=\"ls8 ws4\"> </span>insu<span class=\"_ _7\"></span>rance reve<span class=\"_ _7\"></span>nue over the in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce coverag<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>per<span class=\"_ _7\"></span>iod on th<span class=\"_ _7\"></span>e basis of the pa<span class=\"_ _7\"></span>ssag<span class=\"_ _7\"></span>e of time unl<span class=\"_ _7\"></span>ess <span class=\"ls8 ws4\"> </span>the expe<span class=\"_ _7\"></span>cted pat<span class=\"_ _7\"></span>tern of rele<span class=\"_ _7\"></span>ase fro<span class=\"_ _7\"></span>m risk d<span class=\"_ _7\"></span>if<span class=\"_ _7\"></span>fers sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>ntly from th<span class=\"_ _7\"></span>e pass<span class=\"_ _7\"></span>age of time, in whi<span class=\"_ _7\"></span>ch <span class=\"ls8 ws4\"> </span>cas<span class=\"_ _7\"></span>e it is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed base<span class=\"_ _7\"></span>d on the exp<span class=\"_ _7\"></span>ected <span class=\"ls8 ws4\"> </span>timin<span class=\"_ _7\"></span>g of incurre<span class=\"_ _7\"></span>d clai<span class=\"_ _7\"></span>ms and be<span class=\"_ _7\"></span>nefits;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>all insu<span class=\"_ _7\"></span>rance a<span class=\"_ _7\"></span>nd rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contrac<span class=\"_ _7\"></span>t assets <span class=\"ls8 ws4\"> </span></span>and liabilities<span class=\"_ _9\"></span> are monetary items.<span class=\"_ _9\"></span> As a result<span class=\"_ _9\"></span>,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>those balances denominat<span class=\"_ _9\"></span>ed in for<span class=\"_ _9\"></span>eign <span class=\"ls8 ws4\"> </span>cur<span class=\"_ _7\"></span>renci<span class=\"_ _7\"></span>es are su<span class=\"_ _7\"></span>bject to revaluati<span class=\"_ _7\"></span>on at foreig<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span>exchang<span class=\"_ _7\"></span>e rates prevailin<span class=\"_ _7\"></span>g at the repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting <span class=\"ls8 ws4\"> </span>date, with the imp<span class=\"_ _7\"></span>act of chan<span class=\"_ _7\"></span>ges in fo<span class=\"_ _7\"></span>reign <span class=\"ls8 ws4\"> </span>exchang<span class=\"_ _7\"></span>e rates reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in the con<span class=\"_ _7\"></span>solidated <span class=\"ls8 ws4\"> </span>inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>unde<span class=\"_ _7\"></span>r IFRS 4<span class=\"_ _9\"></span>, ac<span class=\"_ _7\"></span>quisi<span class=\"_ _7\"></span>tion costs we<span class=\"_ _7\"></span>re recog<span class=\"_ _7\"></span>nised <span class=\"ls8 ws4\"> </span></span>and p<span class=\"_ _7\"></span>resented s<span class=\"_ _7\"></span>eparatel<span class=\"_ _7\"></span>y as \u2018<span class=\"_ _9\"></span>defer<span class=\"_ _7\"></span>red acq<span class=\"_ _7\"></span>uisitio<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span>costs\u2019<span class=\"_ _a\"></span>. Unde<span class=\"_ _7\"></span>r IFRS 1<span class=\"_ _a\"></span>7<span class=\"_ _20\"></span>, the G<span class=\"_ _7\"></span>roup has ta<span class=\"_ _7\"></span>ken the <span class=\"ls8 ws4\"> </span>opti<span class=\"_ _9\"></span>on to<span class=\"_ _9\"></span> include directly<span class=\"_ _9\"></span> attributable acquisition<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>cas<span class=\"_ _7\"></span>h flows in the LRC w<span class=\"_ _7\"></span>hich a<span class=\"_ _7\"></span>re t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>sted sepa<span class=\"_ _7\"></span>rately <span class=\"ls8 ws4\"> </span>for rec<span class=\"_ _7\"></span>overabil<span class=\"_ _7\"></span>ity a<span class=\"_ _7\"></span>nd are am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tised a<span class=\"_ _7\"></span>s par<span class=\"_ _7\"></span>t of <span class=\"ls8 ws4\"> </span>insurance ser<span class=\"_ _7\"></span>vice expenses.<span class=\"_ _304\"> </span>Chang<span class=\"_ _7\"></span>es to pres<span class=\"_ _7\"></span>entation an<span class=\"_ _7\"></span>d discl<span class=\"_ _7\"></span>osure<span class=\"_ _304\"> </span>The p<span class=\"_ _7\"></span>rese<span class=\"_ _7\"></span>ntation of the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated incom<span class=\"_ _7\"></span>e statement cha<span class=\"_ _7\"></span>nges, w<span class=\"_ _7\"></span>ith premi<span class=\"_ _7\"></span>um and cl<span class=\"_ _7\"></span>aims fig<span class=\"_ _7\"></span>ures be<span class=\"_ _7\"></span>ing rep<span class=\"_ _7\"></span>lace<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>with in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce revenue, ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce expe<span class=\"_ _7\"></span>nse and insu<span class=\"_ _7\"></span>rance fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>e incom<span class=\"_ _7\"></span>e and expe<span class=\"_ _7\"></span>nses. G<span class=\"_ _7\"></span>ross an<span class=\"_ _7\"></span>d net <span class=\"ls8 ws4\"> </span>wri<span class=\"_ _7\"></span>tten pre<span class=\"_ _7\"></span>mium w<span class=\"_ _7\"></span>ill no lon<span class=\"_ _7\"></span>ger be p<span class=\"_ _7\"></span>resen<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed o<span class=\"_ _7\"></span>n the face <span class=\"ls8 ws4\"> </span>of the con<span class=\"_ _7\"></span>solidated i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement.<span class=\"_ _304\"> </span>Further<span class=\"_ _a\"></span>, reinsurance commi<span class=\"_ _9\"></span>ssion income that<span class=\"_ _9\"></span> is contingen<span class=\"_ _9\"></span>t <span class=\"ls8 ws4\"> </span>on claims<span class=\"_ _9\"></span>, for e<span class=\"_ _9\"></span>xample pro<span class=\"_ _9\"></span>fit commission income<span class=\"_ _9\"></span>, is tr<span class=\"_ _9\"></span>eated<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>as pa<span class=\"_ _7\"></span>rt of c<span class=\"_ _7\"></span>laims re<span class=\"_ _7\"></span>coveri<span class=\"_ _7\"></span>es cas<span class=\"_ _7\"></span>h flows and that w<span class=\"_ _7\"></span>hich is <span class=\"ls8 ws4\"> </span>not con<span class=\"_ _9\"></span>tingent on clai<span class=\"_ _9\"></span>ms, for<span class=\"_ _9\"></span> example o<span class=\"_ _9\"></span>verrider commission,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>is acc<span class=\"_ _7\"></span>ounted for as p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>t of premiu<span class=\"_ _7\"></span>m paid or re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>ved <span class=\"ls8 ws4\"> </span>ca<span class=\"_ _7\"></span>sh flow<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>ransition<span class=\"_ _304\"> </span>On tra<span class=\"_ _7\"></span>nsitio<span class=\"_ _7\"></span>n date<span class=\"_ _9\"></span>, 1 Jan<span class=\"_ _7\"></span>uar<span class=\"_ _7\"></span>y 2022<span class=\"_ _9\"></span>, the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>has ide<span class=\"_ _7\"></span>ntified, rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed an<span class=\"_ _7\"></span>d meas<span class=\"_ _7\"></span>ured eac<span class=\"_ _7\"></span>h group </span>of insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ontracts as i<span class=\"_ _7\"></span>f IFRS 1<span class=\"_ _a\"></span>7 requ<span class=\"_ _7\"></span>ireme<span class=\"_ _7\"></span>nts had alway<span class=\"_ _9\"></span>s applied;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>derecognised any e<span class=\"_ _9\"></span>xisting balances tha<span class=\"_ _9\"></span>t would no<span class=\"_ _9\"></span>t <span class=\"ls8 ws4\"> </span></span>exist h<span class=\"_ _7\"></span>ad IFRS 1<span class=\"_ _a\"></span>7 requ<span class=\"_ _7\"></span>ireme<span class=\"_ _7\"></span>nts always app<span class=\"_ _7\"></span>lied;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>med a P<span class=\"_ _9\"></span>A<span class=\"_ _7\"></span>A eli<span class=\"_ _7\"></span>gibili<span class=\"_ _7\"></span>ty as<span class=\"_ _7\"></span>ses<span class=\"_ _7\"></span>sment fo<span class=\"_ _7\"></span>r the <span class=\"ls8 ws4\"> </span></span>202<span class=\"_ _9\"></span>1 and pr<span class=\"_ _7\"></span>ior un<span class=\"_ _7\"></span>expired g<span class=\"_ _7\"></span>roups of insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e and re<span class=\"_ _7\"></span>ins<span class=\"_ _7\"></span>ur<span class=\"_ _7\"></span>an<span class=\"_ _7\"></span>ce <span class=\"_ _7\"></span>contrac<span class=\"_ _7\"></span>ts with coverag<span class=\"_ _7\"></span>e per<span class=\"_ _7\"></span>iods of lon<span class=\"_ _7\"></span>ger <span class=\"ls8 ws4\"> </span>than 1<span class=\"_ _9\"></span>2 months; A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>has deter<span class=\"_ _7\"></span>mined th<span class=\"_ _7\"></span>at the net imp<span class=\"_ _7\"></span>act to equit<span class=\"_ _7\"></span>y at <span class=\"ls8 ws4\"> </span></span>1 Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y 2022 was $2<span class=\"_ _9\"></span>5.<span class=\"_ _20\"></span>1 m<span class=\"_ _7\"></span>illion (<span class=\"_ _7\"></span>incre<span class=\"_ _7\"></span>ase) drive<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span>by t<span class=\"_ _9\"></span>he follo<span class=\"_ _9\"></span>wing fact<span class=\"_ _9\"></span>ors<span class=\"_ _9\"></span>:  A<span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the a<span class=\"_ _7\"></span>pplic<span class=\"_ _7\"></span>ation of the di<span class=\"_ _7\"></span>scountin<span class=\"_ _7\"></span>g of the <span class=\"ls8 ws4\"> </span></span>insurance cont<span class=\"_ _9\"></span>ract liabilit<span class=\"_ _9\"></span>ies and assets o<span class=\"_ _9\"></span>f <span class=\"ls8 ws4\"> </span>$55.<span class=\"_ _9\"></span>0 million<span class=\"_ _9\"></span> (increase)<span class=\"_ _9\"></span>; and A<span class=\"_ _7\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>off<span class=\"_ _7\"></span>set<span class=\"_ _9\"></span> by ot<span class=\"_ _9\"></span>her dif<span class=\"_ _7\"></span>ferences including t<span class=\"_ _9\"></span>he recognition </span>of oner<span class=\"_ _9\"></span>ous contract<span class=\"_ _9\"></span> net loss component<span class=\"_ _9\"></span>s,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>non-p<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>form<span class=\"_ _7\"></span>ance r<span class=\"_ _7\"></span>isk, and a<span class=\"_ _7\"></span>lignm<span class=\"_ _7\"></span>ent of ris<span class=\"_ _7\"></span>k adjustment<span class=\"_ _9\"></span> and accountin<span class=\"_ _9\"></span>g policies on a consis<span class=\"_ _9\"></span>tent<span class=\"_ _9\"></span> basi<span class=\"_ _7\"></span>s unde<span class=\"_ _7\"></span>r IFRS 1<span class=\"_ _a\"></span>7 of $29<span class=\"_ _9\"></span>.9 mill<span class=\"_ _7\"></span>ion (decre<span class=\"_ _7\"></span>ase)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Insurance an<span class=\"_ _7\"></span>d reinsurance contracts<span class=\"_ _304\"> </span>In app<span class=\"_ _7\"></span>lyin<span class=\"_ _7\"></span>g IFRS 1<span class=\"_ _a\"></span>7 me<span class=\"_ _7\"></span>asurem<span class=\"_ _7\"></span>ent req<span class=\"_ _7\"></span>uireme<span class=\"_ _7\"></span>nts, the followi<span class=\"_ _7\"></span>ng inputs and met<span class=\"_ _9\"></span>hods were used<span class=\"_ _9\"></span> that include significant<span class=\"_ _9\"></span> estim<span class=\"_ _7\"></span>ates. The pre<span class=\"_ _7\"></span>sent val<span class=\"_ _7\"></span>ue of futu<span class=\"_ _7\"></span>re cash flows i<span class=\"_ _7\"></span>s estimated using det<span class=\"_ _9\"></span>erministic scenarios. The assumption<span class=\"_ _9\"></span>s used in the deter<span class=\"_ _7\"></span>ministi<span class=\"_ _7\"></span>c scen<span class=\"_ _7\"></span>ario<span class=\"_ _7\"></span>s are der<span class=\"_ _7\"></span>ived to approxim<span class=\"_ _7\"></span>ate the<span class=\"_ _9\"></span> proba<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y-weighted me<span class=\"_ _7\"></span>an of a full ra<span class=\"_ _7\"></span>nge of sc<span class=\"_ _7\"></span>enar<span class=\"_ _7\"></span>ios. For <span class=\"ls8 ws4\"> </span>the sensit<span class=\"_ _9\"></span>ivities with regar<span class=\"_ _9\"></span>d to<span class=\"_ _9\"></span> the assumpt<span class=\"_ _9\"></span>ions made t<span class=\"_ _9\"></span>hat<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>hav<span class=\"_ _9\"></span>e the most<span class=\"_ _9\"></span> significant impact on<span class=\"_ _9\"></span> measurement under<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>IFRS 1<span class=\"_ _a\"></span>7<span class=\"_ _20\"></span>, p<span class=\"_ _7\"></span>leas<span class=\"_ _7\"></span>e refer to not<span class=\"_ _9\"></span>e 3, man<span class=\"_ _7\"></span>ageme<span class=\"_ _7\"></span>nt of risk.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantJudgementsAndChangesInJudgementsMadeInApplyingIFRS17Explanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-412": {
   "value": "2.<span class=\"_ _7\"></span>2 Basis of<span class=\"_ _9\"></span> consolidation<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Subsidiaries<span class=\"_ _304\"> </span>Subsidiaries are t<span class=\"_ _9\"></span>hose entit<span class=\"_ _9\"></span>ies controlled<span class=\"_ _9\"></span> by the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>. <span class=\"ls8 ws4\"> </span>Control ex<span class=\"_ _7\"></span>ists whe<span class=\"_ _7\"></span>n the Grou<span class=\"_ _7\"></span>p has power over a<span class=\"_ _7\"></span>n entit<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, exposure<span class=\"_ _9\"></span> or rights<span class=\"_ _9\"></span> to v<span class=\"_ _9\"></span>ariable returns<span class=\"_ _9\"></span> from its i<span class=\"_ _9\"></span>nvolv<span class=\"_ _9\"></span>ement with<span class=\"_ _9\"></span> the investee a<span class=\"_ _7\"></span>nd abi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o use i<span class=\"_ _7\"></span>ts power to affe<span class=\"_ _7\"></span>ct those re<span class=\"_ _7\"></span>turns. The c<span class=\"_ _7\"></span>onsol<span class=\"_ _7\"></span>idated fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l statements in<span class=\"_ _7\"></span>clude th<span class=\"_ _7\"></span>e assets, lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s and re<span class=\"_ _7\"></span>sults of the Gro<span class=\"_ _7\"></span>up up to 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r eac<span class=\"_ _7\"></span>h<span class=\"_ _9\"></span> year<span class=\"_ _9\"></span>. The fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l stateme<span class=\"_ _7\"></span>nts of subsidi<span class=\"_ _7\"></span>ari<span class=\"_ _7\"></span>es are inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated financ<span class=\"_ _7\"></span>ial statem<span class=\"_ _7\"></span>ents onl<span class=\"_ _7\"></span>y from the date that control c<span class=\"_ _7\"></span>omme<span class=\"_ _7\"></span>nce<span class=\"_ _7\"></span>s until the date that co<span class=\"_ _7\"></span>ntrol cea<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span>The Group applies t<span class=\"_ _9\"></span>he acquisition<span class=\"_ _9\"></span> method t<span class=\"_ _9\"></span>o accoun<span class=\"_ _9\"></span>t for<span class=\"_ _9\"></span> business combination<span class=\"_ _9\"></span>s. The considerat<span class=\"_ _9\"></span>ion transf<span class=\"_ _9\"></span>erred for<span class=\"_ _9\"></span> the acq<span class=\"_ _7\"></span>uisitio<span class=\"_ _7\"></span>n of a subsi<span class=\"_ _7\"></span>diar<span class=\"_ _7\"></span>y is th<span class=\"_ _7\"></span>e fair valu<span class=\"_ _7\"></span>e of the assets transf<span class=\"_ _9\"></span>erred, the<span class=\"_ _9\"></span> liabilities incurred<span class=\"_ _9\"></span> to t<span class=\"_ _9\"></span>he former o<span class=\"_ _9\"></span>wners of the<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>acqu<span class=\"_ _7\"></span>iree an<span class=\"_ _7\"></span>d the equi<span class=\"_ _7\"></span>ty intere<span class=\"_ _7\"></span>sts iss<span class=\"_ _7\"></span>ued by the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>. T<span class=\"_ _7\"></span>he cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>ation trans<span class=\"_ _7\"></span>ferred a<span class=\"_ _7\"></span>lso inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>s the fair val<span class=\"_ _7\"></span>ue of any asset or liabil<span class=\"_ _9\"></span>it<span class=\"_ _7\"></span>y r<span class=\"_ _9\"></span>esulting from<span class=\"_ _9\"></span> a contingent<span class=\"_ _9\"></span> consideration<span class=\"_ _9\"></span> arrangement. I<span class=\"_ _9\"></span>dentifiable assets<span class=\"_ _9\"></span> acquired<span class=\"_ _9\"></span>, liabilities and<span class=\"_ _9\"></span> contingent<span class=\"_ _9\"></span> liabilities assumed in a<span class=\"_ _9\"></span> business combination<span class=\"_ _9\"></span> are mea<span class=\"_ _7\"></span>sured i<span class=\"_ _7\"></span>nitiall<span class=\"_ _7\"></span>y at their f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>es at the acq<span class=\"_ _7\"></span>uisitio<span class=\"_ _7\"></span>n date. The Grou<span class=\"_ _7\"></span>p recog<span class=\"_ _7\"></span>nises a<span class=\"_ _7\"></span>ny non-c<span class=\"_ _7\"></span>ontrollin<span class=\"_ _7\"></span>g interest in th<span class=\"_ _7\"></span>e acquire<span class=\"_ _7\"></span>e on an acquisit<span class=\"_ _9\"></span>ion-by<span class=\"_ _9\"></span>-acqui<span class=\"_ _9\"></span>sition basis<span class=\"_ _9\"></span>, either at f<span class=\"_ _9\"></span>air value or<span class=\"_ _9\"></span> at the non<span class=\"_ _7\"></span>-control<span class=\"_ _7\"></span>ling intere<span class=\"_ _7\"></span>st\u2019<span class=\"_ _9\"></span>s propor<span class=\"_ _7\"></span>tio<span class=\"_ _7\"></span>nate share of the recognised amounts o<span class=\"_ _9\"></span>f the acquir<span class=\"_ _9\"></span>ee\u2019<span class=\"_ _a\"></span>s identifiable net asset<span class=\"_ _9\"></span>s.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>ons with no<span class=\"_ _7\"></span>n-co<span class=\"_ _7\"></span>ntrolling intere<span class=\"_ _7\"></span>sts that do not re<span class=\"_ _7\"></span>sult in los<span class=\"_ _7\"></span>s of control are ac<span class=\"_ _7\"></span>counted for a<span class=\"_ _7\"></span>s equit<span class=\"_ _7\"></span>y tran<span class=\"_ _7\"></span>sactio<span class=\"_ _7\"></span>ns \u2013 that is, as tran<span class=\"_ _7\"></span>sactio<span class=\"_ _7\"></span>ns with the ow<span class=\"_ _7\"></span>ners i<span class=\"_ _7\"></span>n their ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y as own<span class=\"_ _7\"></span>ers. T<span class=\"_ _7\"></span>he dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rence b<span class=\"_ _7\"></span>etwee<span class=\"_ _7\"></span>n fair val<span class=\"_ _7\"></span>ue of any cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>ation paid a<span class=\"_ _7\"></span>nd the releva<span class=\"_ _7\"></span>nt share ac<span class=\"_ _7\"></span>quired of th<span class=\"_ _7\"></span>e carr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing valu<span class=\"_ _7\"></span>e of net ass<span class=\"_ _7\"></span>ets of the subs<span class=\"_ _7\"></span>idiar<span class=\"_ _7\"></span>y i<span class=\"_ _7\"></span>s record<span class=\"_ _7\"></span>ed in eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. G<span class=\"_ _7\"></span>ains or l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s on disp<span class=\"_ _7\"></span>osals to non-<span class=\"_ _7\"></span>controll<span class=\"_ _7\"></span>ing interests a<span class=\"_ _7\"></span>re also re<span class=\"_ _7\"></span>corde<span class=\"_ _7\"></span>d in equi<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(b<span class=\"_ _9\"></span>) Associat<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span>Ass<span class=\"_ _7\"></span>ociates a<span class=\"_ _7\"></span>re those enti<span class=\"_ _7\"></span>ties in w<span class=\"_ _7\"></span>hich the G<span class=\"_ _7\"></span>roup has s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant influe<span class=\"_ _7\"></span>nce, but n<span class=\"_ _7\"></span>ot control, over the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>nd ope<span class=\"_ _7\"></span>rating policies. Significan<span class=\"_ _9\"></span>t influence is generally ident<span class=\"_ _9\"></span>ified with a<span class=\"_ _9\"></span> sha<span class=\"_ _7\"></span>rehol<span class=\"_ _7\"></span>ding of bet<span class=\"_ _7\"></span>ween 20% and 50% of an e<span class=\"_ _7\"></span>ntity\u2019<span class=\"_ _9\"></span>s voting rights<span class=\"_ _9\"></span>. The consolidat<span class=\"_ _9\"></span>ed financial sta<span class=\"_ _9\"></span>tements<span class=\"_ _9\"></span> include the<span class=\"_ _9\"></span> Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s share of the total rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed gai<span class=\"_ _7\"></span>ns and lo<span class=\"_ _7\"></span>sses of ass<span class=\"_ _7\"></span>ociates on a<span class=\"_ _7\"></span>n equi<span class=\"_ _7\"></span>ty-acc<span class=\"_ _7\"></span>ounted bas<span class=\"_ _7\"></span>is from the d<span class=\"_ _7\"></span>ate t<span class=\"_ _9\"></span>hat significant infl<span class=\"_ _9\"></span>uence commences until the<span class=\"_ _9\"></span> date<span class=\"_ _9\"></span> that signifi<span class=\"_ _9\"></span>cant influence<span class=\"_ _9\"></span> ceases.<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s share of<span class=\"_ _9\"></span> its associat<span class=\"_ _9\"></span>e<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s post<span class=\"_ _a\"></span>-acquisition pr<span class=\"_ _9\"></span>ofits<span class=\"_ _9\"></span> or los<span class=\"_ _7\"></span>ses af<span class=\"_ _7\"></span>ter ta<span class=\"_ _7\"></span>x is re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in th<span class=\"_ _7\"></span>e incom<span class=\"_ _7\"></span>e statemen<span class=\"_ _7\"></span>t for eac<span class=\"_ _7\"></span>h peri<span class=\"_ _7\"></span>od, and its sh<span class=\"_ _7\"></span>are of the moveme<span class=\"_ _7\"></span>nt in the as<span class=\"_ _7\"></span>soci<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> net as<span class=\"_ _7\"></span>sets is refle<span class=\"_ _7\"></span>cted in the inves<span class=\"_ _7\"></span>tments\u2019 carr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing valu<span class=\"_ _7\"></span>es on the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet. Whe<span class=\"_ _7\"></span>n the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s share of los<span class=\"_ _7\"></span>ses e<span class=\"_ _7\"></span>qual<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> or excee<span class=\"_ _7\"></span>ds the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g amount of the a<span class=\"_ _7\"></span>ssoc<span class=\"_ _7\"></span>iate<span class=\"_ _9\"></span>, the c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing amo<span class=\"_ _7\"></span>unt is redu<span class=\"_ _7\"></span>ced to nil an<span class=\"_ _7\"></span>d recog<span class=\"_ _7\"></span>nition of f<span class=\"_ _7\"></span>ur<span class=\"_ _7\"></span>ther lo<span class=\"_ _7\"></span>sses i<span class=\"_ _7\"></span>s disc<span class=\"_ _7\"></span>ontinue<span class=\"_ _7\"></span>d except to the extent that the G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s incur<span class=\"_ _7\"></span>red obli<span class=\"_ _7\"></span>gations in re<span class=\"_ _7\"></span>spe<span class=\"_ _7\"></span>ct of the ass<span class=\"_ _7\"></span>ociate.<span class=\"_ _304\"> </span>(c<span class=\"_ _9\"></span>) T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>ons eli<span class=\"_ _7\"></span>minated on c<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dation<span class=\"_ _304\"> </span>Intragroup balances, transactions and any unreal<span class=\"_ _7\"></span>ised <span class=\"ls8 ws4\"> </span>gai<span class=\"_ _7\"></span>ns aris<span class=\"_ _7\"></span>ing from i<span class=\"_ _7\"></span>ntragroup tra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>ons are e<span class=\"_ _7\"></span>liminated i<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> prep<span class=\"_ _7\"></span>aring th<span class=\"_ _7\"></span>e conso<span class=\"_ _7\"></span>lidated fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l statemen<span class=\"_ _7\"></span>ts. Unreal<span class=\"_ _7\"></span>ised los<span class=\"_ _7\"></span>ses are a<span class=\"_ _7\"></span>lso eli<span class=\"_ _7\"></span>minated unl<span class=\"_ _7\"></span>ess th<span class=\"_ _7\"></span>e transac<span class=\"_ _7\"></span>tion provid<span class=\"_ _7\"></span>es evid<span class=\"_ _7\"></span>ence of a<span class=\"_ _7\"></span>n impair<span class=\"_ _7\"></span>ment of the a<span class=\"_ _7\"></span>sset tra<span class=\"_ _7\"></span>nsferre<span class=\"_ _7\"></span>d. Foreign cur<span class=\"_ _7\"></span>rency ga<span class=\"_ _7\"></span>ins and l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s on intragro<span class=\"_ _7\"></span>up monet<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y ass<span class=\"_ _7\"></span>ets and liabilities ma<span class=\"_ _9\"></span>y not<span class=\"_ _9\"></span> fully eliminat<span class=\"_ _9\"></span>e on consolida<span class=\"_ _9\"></span>tion when the<span class=\"_ _9\"></span> intra<span class=\"_ _9\"></span>group monetary item concerned is<span class=\"_ _9\"></span> transact<span class=\"_ _9\"></span>ed between two Group en<span class=\"_ _9\"></span>tities tha<span class=\"_ _9\"></span>t hav<span class=\"_ _9\"></span>e dif<span class=\"_ _7\"></span>fer<span class=\"_ _9\"></span>ent functional currencies<span class=\"_ _9\"></span>. Unrealised gains<span class=\"_ _9\"></span> arising from tr<span class=\"_ _9\"></span>ansactions with<span class=\"_ _9\"></span> associates<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>are el<span class=\"_ _7\"></span>iminated to the ex<span class=\"_ _7\"></span>tent of the Group\u2019<span class=\"_ _a\"></span>s i<span class=\"_ _7\"></span>nterest in the <span class=\"ls8 ws4\"> </span>entit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>. Unrea<span class=\"_ _7\"></span>lised l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s are elim<span class=\"_ _7\"></span>inated in the s<span class=\"_ _7\"></span>ame way<span class=\"_ _304\"> </span>as un<span class=\"_ _7\"></span>realis<span class=\"_ _7\"></span>ed gai<span class=\"_ _7\"></span>ns, but onl<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o the ex<span class=\"_ _7\"></span>tent that the<span class=\"_ _7\"></span>re is no<span class=\"_ _304\"> </span> evid<span class=\"_ _9\"></span>ence o<span class=\"_ _9\"></span>f impa<span class=\"_ _9\"></span>irment<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-452": {
   "value": "(<span class=\"_ _9\"></span>a) Subsidiaries<span class=\"_ _304\"> </span>Subsidiaries are t<span class=\"_ _9\"></span>hose entit<span class=\"_ _9\"></span>ies controlled<span class=\"_ _9\"></span> by the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>. <span class=\"ls8 ws4\"> </span>Control ex<span class=\"_ _7\"></span>ists whe<span class=\"_ _7\"></span>n the Grou<span class=\"_ _7\"></span>p has power over a<span class=\"_ _7\"></span>n entit<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, exposure<span class=\"_ _9\"></span> or rights<span class=\"_ _9\"></span> to v<span class=\"_ _9\"></span>ariable returns<span class=\"_ _9\"></span> from its i<span class=\"_ _9\"></span>nvolv<span class=\"_ _9\"></span>ement with<span class=\"_ _9\"></span> the investee a<span class=\"_ _7\"></span>nd abi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o use i<span class=\"_ _7\"></span>ts power to affe<span class=\"_ _7\"></span>ct those re<span class=\"_ _7\"></span>turns. The c<span class=\"_ _7\"></span>onsol<span class=\"_ _7\"></span>idated fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l statements in<span class=\"_ _7\"></span>clude th<span class=\"_ _7\"></span>e assets, lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s and re<span class=\"_ _7\"></span>sults of the Gro<span class=\"_ _7\"></span>up up to 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r eac<span class=\"_ _7\"></span>h<span class=\"_ _9\"></span> year<span class=\"_ _9\"></span>. The fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l stateme<span class=\"_ _7\"></span>nts of subsidi<span class=\"_ _7\"></span>ari<span class=\"_ _7\"></span>es are inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated financ<span class=\"_ _7\"></span>ial statem<span class=\"_ _7\"></span>ents onl<span class=\"_ _7\"></span>y from the date that control c<span class=\"_ _7\"></span>omme<span class=\"_ _7\"></span>nce<span class=\"_ _7\"></span>s until the date that co<span class=\"_ _7\"></span>ntrol cea<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span>The Group applies t<span class=\"_ _9\"></span>he acquisition<span class=\"_ _9\"></span> method t<span class=\"_ _9\"></span>o accoun<span class=\"_ _9\"></span>t for<span class=\"_ _9\"></span> business combination<span class=\"_ _9\"></span>s. The considerat<span class=\"_ _9\"></span>ion transf<span class=\"_ _9\"></span>erred for<span class=\"_ _9\"></span> the acq<span class=\"_ _7\"></span>uisitio<span class=\"_ _7\"></span>n of a subsi<span class=\"_ _7\"></span>diar<span class=\"_ _7\"></span>y is th<span class=\"_ _7\"></span>e fair valu<span class=\"_ _7\"></span>e of the assets transf<span class=\"_ _9\"></span>erred, the<span class=\"_ _9\"></span> liabilities incurred<span class=\"_ _9\"></span> to t<span class=\"_ _9\"></span>he former o<span class=\"_ _9\"></span>wners of the<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>acqu<span class=\"_ _7\"></span>iree an<span class=\"_ _7\"></span>d the equi<span class=\"_ _7\"></span>ty intere<span class=\"_ _7\"></span>sts iss<span class=\"_ _7\"></span>ued by the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>. T<span class=\"_ _7\"></span>he cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>ation trans<span class=\"_ _7\"></span>ferred a<span class=\"_ _7\"></span>lso inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>s the fair val<span class=\"_ _7\"></span>ue of any asset or liabil<span class=\"_ _9\"></span>it<span class=\"_ _7\"></span>y r<span class=\"_ _9\"></span>esulting from<span class=\"_ _9\"></span> a contingent<span class=\"_ _9\"></span> consideration<span class=\"_ _9\"></span> arrangement. I<span class=\"_ _9\"></span>dentifiable assets<span class=\"_ _9\"></span> acquired<span class=\"_ _9\"></span>, liabilities and<span class=\"_ _9\"></span> contingent<span class=\"_ _9\"></span> liabilities assumed in a<span class=\"_ _9\"></span> business combination<span class=\"_ _9\"></span> are mea<span class=\"_ _7\"></span>sured i<span class=\"_ _7\"></span>nitiall<span class=\"_ _7\"></span>y at their f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>es at the acq<span class=\"_ _7\"></span>uisitio<span class=\"_ _7\"></span>n date. The Grou<span class=\"_ _7\"></span>p recog<span class=\"_ _7\"></span>nises a<span class=\"_ _7\"></span>ny non-c<span class=\"_ _7\"></span>ontrollin<span class=\"_ _7\"></span>g interest in th<span class=\"_ _7\"></span>e acquire<span class=\"_ _7\"></span>e on an acquisit<span class=\"_ _9\"></span>ion-by<span class=\"_ _9\"></span>-acqui<span class=\"_ _9\"></span>sition basis<span class=\"_ _9\"></span>, either at f<span class=\"_ _9\"></span>air value or<span class=\"_ _9\"></span> at the non<span class=\"_ _7\"></span>-control<span class=\"_ _7\"></span>ling intere<span class=\"_ _7\"></span>st\u2019<span class=\"_ _9\"></span>s propor<span class=\"_ _7\"></span>tio<span class=\"_ _7\"></span>nate share of the recognised amounts o<span class=\"_ _9\"></span>f the acquir<span class=\"_ _9\"></span>ee\u2019<span class=\"_ _a\"></span>s identifiable net asset<span class=\"_ _9\"></span>s.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>ons with no<span class=\"_ _7\"></span>n-co<span class=\"_ _7\"></span>ntrolling intere<span class=\"_ _7\"></span>sts that do not re<span class=\"_ _7\"></span>sult in los<span class=\"_ _7\"></span>s of control are ac<span class=\"_ _7\"></span>counted for a<span class=\"_ _7\"></span>s equit<span class=\"_ _7\"></span>y tran<span class=\"_ _7\"></span>sactio<span class=\"_ _7\"></span>ns \u2013 that is, as tran<span class=\"_ _7\"></span>sactio<span class=\"_ _7\"></span>ns with the ow<span class=\"_ _7\"></span>ners i<span class=\"_ _7\"></span>n their ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y as own<span class=\"_ _7\"></span>ers. T<span class=\"_ _7\"></span>he dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rence b<span class=\"_ _7\"></span>etwee<span class=\"_ _7\"></span>n fair val<span class=\"_ _7\"></span>ue of any cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>ation paid a<span class=\"_ _7\"></span>nd the releva<span class=\"_ _7\"></span>nt share ac<span class=\"_ _7\"></span>quired of th<span class=\"_ _7\"></span>e carr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing valu<span class=\"_ _7\"></span>e of net ass<span class=\"_ _7\"></span>ets of the subs<span class=\"_ _7\"></span>idiar<span class=\"_ _7\"></span>y i<span class=\"_ _7\"></span>s record<span class=\"_ _7\"></span>ed in eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. G<span class=\"_ _7\"></span>ains or l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s on disp<span class=\"_ _7\"></span>osals to non-<span class=\"_ _7\"></span>controll<span class=\"_ _7\"></span>ing interests a<span class=\"_ _7\"></span>re also re<span class=\"_ _7\"></span>corde<span class=\"_ _7\"></span>d in equi<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-453": {
   "value": "(b<span class=\"_ _9\"></span>) Associat<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span>Ass<span class=\"_ _7\"></span>ociates a<span class=\"_ _7\"></span>re those enti<span class=\"_ _7\"></span>ties in w<span class=\"_ _7\"></span>hich the G<span class=\"_ _7\"></span>roup has s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant influe<span class=\"_ _7\"></span>nce, but n<span class=\"_ _7\"></span>ot control, over the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>nd ope<span class=\"_ _7\"></span>rating policies. Significan<span class=\"_ _9\"></span>t influence is generally ident<span class=\"_ _9\"></span>ified with a<span class=\"_ _9\"></span> sha<span class=\"_ _7\"></span>rehol<span class=\"_ _7\"></span>ding of bet<span class=\"_ _7\"></span>ween 20% and 50% of an e<span class=\"_ _7\"></span>ntity\u2019<span class=\"_ _9\"></span>s voting rights<span class=\"_ _9\"></span>. The consolidat<span class=\"_ _9\"></span>ed financial sta<span class=\"_ _9\"></span>tements<span class=\"_ _9\"></span> include the<span class=\"_ _9\"></span> Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s share of the total rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed gai<span class=\"_ _7\"></span>ns and lo<span class=\"_ _7\"></span>sses of ass<span class=\"_ _7\"></span>ociates on a<span class=\"_ _7\"></span>n equi<span class=\"_ _7\"></span>ty-acc<span class=\"_ _7\"></span>ounted bas<span class=\"_ _7\"></span>is from the d<span class=\"_ _7\"></span>ate t<span class=\"_ _9\"></span>hat significant infl<span class=\"_ _9\"></span>uence commences until the<span class=\"_ _9\"></span> date<span class=\"_ _9\"></span> that signifi<span class=\"_ _9\"></span>cant influence<span class=\"_ _9\"></span> ceases.<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s share of<span class=\"_ _9\"></span> its associat<span class=\"_ _9\"></span>e<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s post<span class=\"_ _a\"></span>-acquisition pr<span class=\"_ _9\"></span>ofits<span class=\"_ _9\"></span> or los<span class=\"_ _7\"></span>ses af<span class=\"_ _7\"></span>ter ta<span class=\"_ _7\"></span>x is re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in th<span class=\"_ _7\"></span>e incom<span class=\"_ _7\"></span>e statemen<span class=\"_ _7\"></span>t for eac<span class=\"_ _7\"></span>h peri<span class=\"_ _7\"></span>od, and its sh<span class=\"_ _7\"></span>are of the moveme<span class=\"_ _7\"></span>nt in the as<span class=\"_ _7\"></span>soci<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> net as<span class=\"_ _7\"></span>sets is refle<span class=\"_ _7\"></span>cted in the inves<span class=\"_ _7\"></span>tments\u2019 carr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing valu<span class=\"_ _7\"></span>es on the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet. Whe<span class=\"_ _7\"></span>n the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s share of los<span class=\"_ _7\"></span>ses e<span class=\"_ _7\"></span>qual<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> or excee<span class=\"_ _7\"></span>ds the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g amount of the a<span class=\"_ _7\"></span>ssoc<span class=\"_ _7\"></span>iate<span class=\"_ _9\"></span>, the c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing amo<span class=\"_ _7\"></span>unt is redu<span class=\"_ _7\"></span>ced to nil an<span class=\"_ _7\"></span>d recog<span class=\"_ _7\"></span>nition of f<span class=\"_ _7\"></span>ur<span class=\"_ _7\"></span>ther lo<span class=\"_ _7\"></span>sses i<span class=\"_ _7\"></span>s disc<span class=\"_ _7\"></span>ontinue<span class=\"_ _7\"></span>d except to the extent that the G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s incur<span class=\"_ _7\"></span>red obli<span class=\"_ _7\"></span>gations in re<span class=\"_ _7\"></span>spe<span class=\"_ _7\"></span>ct of the ass<span class=\"_ _7\"></span>ociate.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-413": {
   "value": "2.3 Foreign curr<span class=\"_ _7\"></span>ency translation<span class=\"_ _304\"> </span> (<span class=\"_ _9\"></span>a) Funct<span class=\"_ _9\"></span>ional currency<span class=\"_ _304\"> </span>Items inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in the fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements of ea<span class=\"_ _7\"></span>ch of the<span class=\"_ _304\"> </span> Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s entities are<span class=\"_ _9\"></span> measured using t<span class=\"_ _9\"></span>he currency o<span class=\"_ _9\"></span>f the<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>pri<span class=\"_ _7\"></span>mar<span class=\"_ _7\"></span>y ec<span class=\"_ _7\"></span>onomi<span class=\"_ _7\"></span>c environ<span class=\"_ _7\"></span>ment in w<span class=\"_ _7\"></span>hich th<span class=\"_ _7\"></span>e entit<span class=\"_ _7\"></span>y oper<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>(the<span class=\"_ _9\"></span> \u2018functional currency<span class=\"_ _9\"></span>\u2019)<span class=\"_ _9\"></span>. En<span class=\"_ _9\"></span>tities operat<span class=\"_ _9\"></span>ing in F<span class=\"_ _9\"></span>rance,<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> Germany<span class=\"_ _a\"></span>, The Netherlands, Sp<span class=\"_ _9\"></span>ain, P<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>tugal<span class=\"_ _9\"></span>, Ireland and<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> Belgium hav<span class=\"_ _9\"></span>e functional currency o<span class=\"_ _9\"></span>f Euros<span class=\"_ _9\"></span>; tho<span class=\"_ _9\"></span>se subsidiar<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span> entiti<span class=\"_ _7\"></span>es ope<span class=\"_ _7\"></span>rating fro<span class=\"_ _7\"></span>m the USA, B<span class=\"_ _7\"></span>ermu<span class=\"_ _7\"></span>da, Gue<span class=\"_ _7\"></span>rnsey a<span class=\"_ _7\"></span>nd<span class=\"_ _304\"> </span> Syn<span class=\"_ _7\"></span>dicates h<span class=\"_ _7\"></span>ave functio<span class=\"_ _7\"></span>nal cur<span class=\"_ _7\"></span>rency of US D<span class=\"_ _7\"></span>ollar<span class=\"_ _7\"></span>s with the<span class=\"_ _304\"> </span> exception of His<span class=\"_ _7\"></span>cox Lt<span class=\"_ _9\"></span>d, a publi<span class=\"_ _7\"></span>c compa<span class=\"_ _7\"></span>ny incor<span class=\"_ _7\"></span>porated a<span class=\"_ _7\"></span>nd<span class=\"_ _304\"> </span> domiciled in Bermuda wit<span class=\"_ _9\"></span>h functional currency<span class=\"_ _9\"></span> of St<span class=\"_ _9\"></span>erling.<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> Funct<span class=\"_ _9\"></span>ional currencies of<span class=\"_ _9\"></span> entities opera<span class=\"_ _9\"></span>ting in Asia<span class=\"_ _9\"></span> include <span class=\"ls8 ws4\"> </span>US Dol<span class=\"_ _9\"></span>lars, Si<span class=\"_ _9\"></span>ngapore<span class=\"_ _9\"></span> Dollars and<span class=\"_ _9\"></span> Thai Baht<span class=\"_ _9\"></span>. All<span class=\"_ _9\"></span> other<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>entiti<span class=\"_ _7\"></span>es have a fun<span class=\"_ _7\"></span>ctiona<span class=\"_ _7\"></span>l curre<span class=\"_ _7\"></span>ncy of Sterli<span class=\"_ _7\"></span>ng.<span class=\"_ _304\"> </span>(b<span class=\"_ _9\"></span>) T<span class=\"_ _a\"></span>ransactions and<span class=\"_ _9\"></span> balances<span class=\"_ _304\"> </span>Foreign<span class=\"_ _9\"></span> currency transact<span class=\"_ _9\"></span>ions are t<span class=\"_ _9\"></span>ranslat<span class=\"_ _9\"></span>ed int<span class=\"_ _9\"></span>o the funct<span class=\"_ _9\"></span>ional<span class=\"_ _304\"> </span> cur<span class=\"_ _7\"></span>rency us<span class=\"_ _7\"></span>ing the exchan<span class=\"_ _7\"></span>ge rates prevail<span class=\"_ _7\"></span>ing at the dates <span class=\"ls8 ws4\"> </span>of the trans<span class=\"_ _7\"></span>action<span class=\"_ _7\"></span>s. Foreign excha<span class=\"_ _7\"></span>nge gai<span class=\"_ _7\"></span>ns and lo<span class=\"_ _7\"></span>sses<span class=\"_ _304\"> </span> resu<span class=\"_ _7\"></span>lting fro<span class=\"_ _7\"></span>m the set<span class=\"_ _7\"></span>tleme<span class=\"_ _7\"></span>nt of such tra<span class=\"_ _7\"></span>nsactio<span class=\"_ _7\"></span>ns and f<span class=\"_ _7\"></span>rom <span class=\"ls8 ws4\"> </span>the retran<span class=\"_ _7\"></span>slation at ye<span class=\"_ _7\"></span>ar<span class=\"_ _9\"></span>-end excha<span class=\"_ _7\"></span>nge rates of mon<span class=\"_ _7\"></span>etar<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span> assets and<span class=\"_ _9\"></span> liabilities denominat<span class=\"_ _9\"></span>ed in f<span class=\"_ _9\"></span>oreign currencies are<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in the inc<span class=\"_ _7\"></span>ome statem<span class=\"_ _7\"></span>ent, ex<span class=\"_ _9\"></span>ce<span class=\"_ _7\"></span>pt when d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>in eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y as IFRS 9 ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive net investme<span class=\"_ _7\"></span>nt hed<span class=\"_ _7\"></span>ges or w<span class=\"_ _7\"></span>hen <span class=\"ls8 ws4\"> </span>the und<span class=\"_ _7\"></span>erl<span class=\"_ _7\"></span>ying ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e is dee<span class=\"_ _7\"></span>med to form pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t of the Group\u2019<span class=\"_ _a\"></span>s<span class=\"_ _304\"> </span> net inves<span class=\"_ _7\"></span>tment in a su<span class=\"_ _7\"></span>bsidi<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y ope<span class=\"_ _7\"></span>ration an<span class=\"_ _7\"></span>d is unlikel<span class=\"_ _7\"></span>y to be<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> settled in t<span class=\"_ _9\"></span>he foreseeable future<span class=\"_ _9\"></span>. Non-<span class=\"_ _9\"></span>monetar<span class=\"_ _7\"></span>y it<span class=\"_ _9\"></span>ems carried<span class=\"_ _304\"> </span> at histori<span class=\"_ _7\"></span>cal co<span class=\"_ _7\"></span>st are tran<span class=\"_ _7\"></span>slated on the ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e shee<span class=\"_ _7\"></span>t at the<span class=\"_ _304\"> </span> exchang<span class=\"_ _7\"></span>e rate prevailing o<span class=\"_ _7\"></span>n the orig<span class=\"_ _7\"></span>inal tra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>on date.<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>Non-m<span class=\"_ _7\"></span>oneta<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y items mea<span class=\"_ _7\"></span>sured at fa<span class=\"_ _7\"></span>ir value a<span class=\"_ _7\"></span>re transl<span class=\"_ _7\"></span>ated using<span class=\"_ _304\"> </span> the exchan<span class=\"_ _7\"></span>ge rate rulin<span class=\"_ _7\"></span>g when th<span class=\"_ _7\"></span>e fair valu<span class=\"_ _7\"></span>e was determ<span class=\"_ _7\"></span>ined.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>c) Gr<span class=\"_ _9\"></span>oup companies<span class=\"_ _304\"> </span>The re<span class=\"_ _7\"></span>sults a<span class=\"_ _7\"></span>nd fina<span class=\"_ _7\"></span>ncial p<span class=\"_ _7\"></span>ositio<span class=\"_ _7\"></span>n of all the Grou<span class=\"_ _7\"></span>p entitie<span class=\"_ _7\"></span>s that<span class=\"_ _304\"> </span> hav<span class=\"_ _9\"></span>e a functional currency different from t<span class=\"_ _9\"></span>he presentation<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> cur<span class=\"_ _7\"></span>rency are tr<span class=\"_ _7\"></span>anslated in<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>o the pre<span class=\"_ _7\"></span>sentati<span class=\"_ _7\"></span>on cur<span class=\"_ _7\"></span>rency as fo<span class=\"_ _7\"></span>llows:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>assets a<span class=\"_ _7\"></span>nd liab<span class=\"_ _7\"></span>ilitie<span class=\"_ _7\"></span>s for each b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et prese<span class=\"_ _7\"></span>nted </span><span class=\"ff5f ls38 ws41\"><span class=\"ls8 ws4\"> </span></span>are tra<span class=\"_ _7\"></span>nslated at the cl<span class=\"_ _7\"></span>osing rate at the d<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e of that<span class=\"_ _304\"> </span> balance shee<span class=\"_ _9\"></span>t;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>incom<span class=\"_ _7\"></span>e and expe<span class=\"_ _7\"></span>nses fo<span class=\"_ _7\"></span>r each in<span class=\"_ _7\"></span>come s<span class=\"_ _7\"></span>tatement are<span class=\"_ _304\"> </span></span><span class=\"ff5f ls38 ws41\"> </span>trans<span class=\"_ _7\"></span>lated at average excha<span class=\"_ _7\"></span>nge rates (unle<span class=\"_ _7\"></span>ss this avera<span class=\"_ _7\"></span>ge <span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>is not a rea<span class=\"_ _7\"></span>sonab<span class=\"_ _7\"></span>le app<span class=\"_ _7\"></span>roximation of the cu<span class=\"_ _7\"></span>mulati<span class=\"_ _7\"></span>ve effe<span class=\"_ _7\"></span>ct<span class=\"_ _304\"> </span> of the rates prevai<span class=\"_ _7\"></span>ling on the tra<span class=\"_ _7\"></span>nsac<span class=\"_ _7\"></span>tion dates, in wh<span class=\"_ _7\"></span>ich<span class=\"_ _304\"> </span> cas<span class=\"_ _7\"></span>e incom<span class=\"_ _7\"></span>e and exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s are trans<span class=\"_ _7\"></span>lated at the date of <span class=\"ls8 ws4\"> </span>the t<span class=\"_ _9\"></span>ransactions<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>; and<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>all r<span class=\"_ _9\"></span>esulting ex<span class=\"_ _9\"></span>change dif<span class=\"_ _7\"></span>ferences are r<span class=\"_ _9\"></span>ecognised as a<span class=\"_ _304\"> </span></span><span class=\"ff5f ls39 ws43\"> </span>separat<span class=\"_ _9\"></span>e component o<span class=\"_ _9\"></span>f equity<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>n a foreig<span class=\"_ _7\"></span>n operati<span class=\"_ _7\"></span>on is sol<span class=\"_ _7\"></span>d, such exchang<span class=\"_ _7\"></span>e dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nces <span class=\"ls8 ws4\"> </span>are rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed in the i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement as p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>t of the gai<span class=\"_ _7\"></span>n,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>or los<span class=\"_ _7\"></span>s, on sal<span class=\"_ _7\"></span>e.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-454": {
   "value": "(<span class=\"_ _9\"></span>a) Funct<span class=\"_ _9\"></span>ional currency<span class=\"_ _304\"> </span>Items inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in the fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements of ea<span class=\"_ _7\"></span>ch of the<span class=\"_ _304\"> </span> Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s entities are<span class=\"_ _9\"></span> measured using t<span class=\"_ _9\"></span>he currency o<span class=\"_ _9\"></span>f the<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>pri<span class=\"_ _7\"></span>mar<span class=\"_ _7\"></span>y ec<span class=\"_ _7\"></span>onomi<span class=\"_ _7\"></span>c environ<span class=\"_ _7\"></span>ment in w<span class=\"_ _7\"></span>hich th<span class=\"_ _7\"></span>e entit<span class=\"_ _7\"></span>y oper<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>(the<span class=\"_ _9\"></span> \u2018functional currency<span class=\"_ _9\"></span>\u2019)<span class=\"_ _9\"></span>. En<span class=\"_ _9\"></span>tities operat<span class=\"_ _9\"></span>ing in F<span class=\"_ _9\"></span>rance,<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> Germany<span class=\"_ _a\"></span>, The Netherlands, Sp<span class=\"_ _9\"></span>ain, P<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>tugal<span class=\"_ _9\"></span>, Ireland and<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> Belgium hav<span class=\"_ _9\"></span>e functional currency o<span class=\"_ _9\"></span>f Euros<span class=\"_ _9\"></span>; tho<span class=\"_ _9\"></span>se subsidiar<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span> entiti<span class=\"_ _7\"></span>es ope<span class=\"_ _7\"></span>rating fro<span class=\"_ _7\"></span>m the USA, B<span class=\"_ _7\"></span>ermu<span class=\"_ _7\"></span>da, Gue<span class=\"_ _7\"></span>rnsey a<span class=\"_ _7\"></span>nd<span class=\"_ _304\"> </span> Syn<span class=\"_ _7\"></span>dicates h<span class=\"_ _7\"></span>ave functio<span class=\"_ _7\"></span>nal cur<span class=\"_ _7\"></span>rency of US D<span class=\"_ _7\"></span>ollar<span class=\"_ _7\"></span>s with the<span class=\"_ _304\"> </span> exception of His<span class=\"_ _7\"></span>cox Lt<span class=\"_ _9\"></span>d, a publi<span class=\"_ _7\"></span>c compa<span class=\"_ _7\"></span>ny incor<span class=\"_ _7\"></span>porated a<span class=\"_ _7\"></span>nd<span class=\"_ _304\"> </span> domiciled in Bermuda wit<span class=\"_ _9\"></span>h functional currency<span class=\"_ _9\"></span> of St<span class=\"_ _9\"></span>erling.<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> Funct<span class=\"_ _9\"></span>ional currencies of<span class=\"_ _9\"></span> entities opera<span class=\"_ _9\"></span>ting in Asia<span class=\"_ _9\"></span> include <span class=\"ls8 ws4\"> </span>US Dol<span class=\"_ _9\"></span>lars, Si<span class=\"_ _9\"></span>ngapore<span class=\"_ _9\"></span> Dollars and<span class=\"_ _9\"></span> Thai Baht<span class=\"_ _9\"></span>. All<span class=\"_ _9\"></span> other<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>entiti<span class=\"_ _7\"></span>es have a fun<span class=\"_ _7\"></span>ctiona<span class=\"_ _7\"></span>l curre<span class=\"_ _7\"></span>ncy of Sterli<span class=\"_ _7\"></span>ng.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-415": {
   "value": "2.<span class=\"_ _7\"></span>4 Prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty, plant a<span class=\"_ _7\"></span>nd eq<span class=\"_ _7\"></span>uipme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span>Prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>, plant a<span class=\"_ _7\"></span>nd equi<span class=\"_ _7\"></span>pment a<span class=\"_ _7\"></span>re stated at histori<span class=\"_ _7\"></span>cal co<span class=\"_ _7\"></span>st, less<span class=\"_ _304\"> </span> dep<span class=\"_ _7\"></span>reciati<span class=\"_ _7\"></span>on and a<span class=\"_ _7\"></span>ny impair<span class=\"_ _7\"></span>ment lo<span class=\"_ _7\"></span>ss. Histori<span class=\"_ _7\"></span>cal co<span class=\"_ _7\"></span>st inclu<span class=\"_ _7\"></span>des<span class=\"_ _304\"> </span> expe<span class=\"_ _7\"></span>nditure th<span class=\"_ _7\"></span>at is direc<span class=\"_ _7\"></span>tly attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble to the acqu<span class=\"_ _7\"></span>isition of th<span class=\"_ _7\"></span>e<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> items. Su<span class=\"_ _7\"></span>bsequ<span class=\"_ _7\"></span>ent cos<span class=\"_ _7\"></span>ts are inclu<span class=\"_ _7\"></span>ded in th<span class=\"_ _7\"></span>e asset\u2019<span class=\"_ _9\"></span>s ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng<span class=\"_ _304\"> </span> amo<span class=\"_ _7\"></span>unt or rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed as a se<span class=\"_ _7\"></span>parate ass<span class=\"_ _7\"></span>et<span class=\"_ _9\"></span>, as a<span class=\"_ _7\"></span>ppropr<span class=\"_ _7\"></span>iate<span class=\"_ _9\"></span>, on<span class=\"_ _7\"></span>ly<span class=\"_ _304\"> </span> when it is pr<span class=\"_ _9\"></span>obable that<span class=\"_ _9\"></span> future economic benefit<span class=\"_ _9\"></span>s associated<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> with the i<span class=\"_ _7\"></span>tem will flow to the Grou<span class=\"_ _7\"></span>p and the c<span class=\"_ _7\"></span>ost of the item ca<span class=\"_ _7\"></span>n<span class=\"_ _304\"> </span> be me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d relia<span class=\"_ _7\"></span>bly<span class=\"_ _9\"></span>. All other re<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>s and ma<span class=\"_ _7\"></span>intenanc<span class=\"_ _7\"></span>e items<span class=\"_ _304\"> </span> are ch<span class=\"_ _7\"></span>arged to the in<span class=\"_ _7\"></span>come statem<span class=\"_ _7\"></span>ent dur<span class=\"_ _7\"></span>ing the fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al per<span class=\"_ _7\"></span>iod<span class=\"_ _304\"> </span> in wh<span class=\"_ _7\"></span>ich they a<span class=\"_ _7\"></span>re incu<span class=\"_ _7\"></span>rred.<span class=\"_ _304\"> </span>La<span class=\"_ _7\"></span>nd is not de<span class=\"_ _7\"></span>preci<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>d as it is de<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o have an in<span class=\"_ _7\"></span>defini<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _304\"> </span> useful economic life<span class=\"_ _9\"></span>. The cost of<span class=\"_ _9\"></span> leaseho<span class=\"_ _7\"></span>ld impr<span class=\"_ _9\"></span>ovements<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>is amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tised over the u<span class=\"_ _7\"></span>nexpire<span class=\"_ _7\"></span>d term of the und<span class=\"_ _7\"></span>erl<span class=\"_ _7\"></span>ying <span class=\"ls8 ws4\"> </span>lea<span class=\"_ _7\"></span>se or the e<span class=\"_ _7\"></span>stimated usef<span class=\"_ _7\"></span>ul life of the a<span class=\"_ _7\"></span>sset, whic<span class=\"_ _7\"></span>hever is<span class=\"_ _304\"> </span> sho<span class=\"_ _7\"></span>rter<span class=\"_ _9\"></span>. Depre<span class=\"_ _7\"></span>ciatio<span class=\"_ _7\"></span>n on other as<span class=\"_ _7\"></span>sets is ca<span class=\"_ _7\"></span>lculated us<span class=\"_ _7\"></span>ing the<span class=\"_ _304\"> </span> strai<span class=\"_ _7\"></span>ght<span class=\"_ _9\"></span>-line m<span class=\"_ _7\"></span>ethod to alloc<span class=\"_ _7\"></span>ate their co<span class=\"_ _7\"></span>st<span class=\"_ _9\"></span>, le<span class=\"_ _7\"></span>ss the<span class=\"_ _7\"></span>ir resid<span class=\"_ _7\"></span>ual<span class=\"_ _304\"> </span> value<span class=\"_ _7\"></span>s, over their e<span class=\"_ _7\"></span>stimated us<span class=\"_ _7\"></span>eful live<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>The r<span class=\"_ _7\"></span>ates appli<span class=\"_ _7\"></span>ed are as fo<span class=\"_ _7\"></span>llows:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws101\"> buildi<span class=\"_ _9\"></span>ngs <span class=\"_ _1c1\"> </span>20<span class=\"_ _7\"></span>\u201350 <span class=\"_ _28\"> </span>years<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls85 ws84\"> <span class=\"_ _24\"></span>veh<span class=\"_ _7\"></span>icl<span class=\"_ _7\"></span>es  <span class=\"_ _1c2\"> </span>3 yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>leasehold improv<span class=\"_ _9\"></span>eme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>s including  <span class=\"_ _1c3\"> </span></span></span><span class=\"ff68\"><span class=\"ff5f ls39 ws43\"><span class=\"ls8 ws4\"> </span></span></span>fix<span class=\"_ _7\"></span>tures a<span class=\"_ _7\"></span>nd fit<span class=\"_ _7\"></span>tings <span class=\"_ _ce\"> </span> <span class=\"_ _ef\"> </span>1<span class=\"_ _9\"></span>0<span class=\"_ _7\"></span>\u2013<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>5 yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>furniture,<span class=\"_ _9\"></span> fit<span class=\"_ _7\"></span>tings<span class=\"_ _9\"></span> and equipment  <span class=\"_ _13a\"> </span>3\u2013<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>5 years<span class=\"_ _304\"> </span></span></span>The a<span class=\"_ _7\"></span>ssets\u2019 resid<span class=\"_ _7\"></span>ual valu<span class=\"_ _7\"></span>es and u<span class=\"_ _7\"></span>seful l<span class=\"_ _7\"></span>ives are rev<span class=\"_ _7\"></span>iewed at <span class=\"ls8 ws4\"> </span>eac<span class=\"_ _7\"></span>h balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et date and adj<span class=\"_ _7\"></span>usted if ap<span class=\"_ _7\"></span>propri<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>An a<span class=\"_ _7\"></span>sset\u2019<span class=\"_ _9\"></span>s car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount i<span class=\"_ _7\"></span>s writ<span class=\"_ _7\"></span>ten down im<span class=\"_ _7\"></span>medi<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>el<span class=\"_ _7\"></span>y to its<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> recover<span class=\"_ _7\"></span>able a<span class=\"_ _7\"></span>mount if th<span class=\"_ _7\"></span>e asset<span class=\"_ _7\"></span>\u2019<span class=\"_ _a\"></span>s c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing amo<span class=\"_ _7\"></span>unt is gre<span class=\"_ _7\"></span>ater<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> than i<span class=\"_ _7\"></span>ts estimated re<span class=\"_ _7\"></span>coverabl<span class=\"_ _7\"></span>e amou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>. G<span class=\"_ _7\"></span>ains an<span class=\"_ _7\"></span>d losse<span class=\"_ _7\"></span>s on<span class=\"_ _304\"> </span> disp<span class=\"_ _7\"></span>osal<span class=\"_ _7\"></span>s are determ<span class=\"_ _7\"></span>ined by co<span class=\"_ _7\"></span>mpari<span class=\"_ _7\"></span>ng proce<span class=\"_ _7\"></span>eds w<span class=\"_ _7\"></span>ith the<span class=\"_ _304\"> </span> car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount. Th<span class=\"_ _7\"></span>ese are i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>ed in the in<span class=\"_ _7\"></span>come statem<span class=\"_ _7\"></span>ent.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-455": {
   "value": "La<span class=\"_ _7\"></span>nd is not de<span class=\"_ _7\"></span>preci<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>d as it is de<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o have an in<span class=\"_ _7\"></span>defini<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _304\"> </span> useful economic life<span class=\"_ _9\"></span>. The cost of<span class=\"_ _9\"></span> leaseho<span class=\"_ _7\"></span>ld impr<span class=\"_ _9\"></span>ovements<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>is amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tised over the u<span class=\"_ _7\"></span>nexpire<span class=\"_ _7\"></span>d term of the und<span class=\"_ _7\"></span>erl<span class=\"_ _7\"></span>ying <span class=\"ls8 ws4\"> </span>lea<span class=\"_ _7\"></span>se or the e<span class=\"_ _7\"></span>stimated usef<span class=\"_ _7\"></span>ul life of the a<span class=\"_ _7\"></span>sset, whic<span class=\"_ _7\"></span>hever is<span class=\"_ _304\"> </span> sho<span class=\"_ _7\"></span>rter<span class=\"_ _9\"></span>. Depre<span class=\"_ _7\"></span>ciatio<span class=\"_ _7\"></span>n on other as<span class=\"_ _7\"></span>sets is ca<span class=\"_ _7\"></span>lculated us<span class=\"_ _7\"></span>ing the<span class=\"_ _304\"> </span> strai<span class=\"_ _7\"></span>ght<span class=\"_ _9\"></span>-line m<span class=\"_ _7\"></span>ethod to alloc<span class=\"_ _7\"></span>ate their co<span class=\"_ _7\"></span>st<span class=\"_ _9\"></span>, le<span class=\"_ _7\"></span>ss the<span class=\"_ _7\"></span>ir resid<span class=\"_ _7\"></span>ual<span class=\"_ _304\"> </span> value<span class=\"_ _7\"></span>s, over their e<span class=\"_ _7\"></span>stimated us<span class=\"_ _7\"></span>eful live<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>The r<span class=\"_ _7\"></span>ates appli<span class=\"_ _7\"></span>ed are as fo<span class=\"_ _7\"></span>llows:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws101\"> buildi<span class=\"_ _9\"></span>ngs <span class=\"_ _1c1\"> </span>20<span class=\"_ _7\"></span>\u201350 <span class=\"_ _28\"> </span>years<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls85 ws84\"> <span class=\"_ _24\"></span>veh<span class=\"_ _7\"></span>icl<span class=\"_ _7\"></span>es  <span class=\"_ _1c2\"> </span>3 yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>leasehold improv<span class=\"_ _9\"></span>eme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>s including  <span class=\"_ _1c3\"> </span></span></span><span class=\"ff68\"><span class=\"ff5f ls39 ws43\"><span class=\"ls8 ws4\"> </span></span></span>fix<span class=\"_ _7\"></span>tures a<span class=\"_ _7\"></span>nd fit<span class=\"_ _7\"></span>tings <span class=\"_ _ce\"> </span> <span class=\"_ _ef\"> </span>1<span class=\"_ _9\"></span>0<span class=\"_ _7\"></span>\u2013<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>5 yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>furniture,<span class=\"_ _9\"></span> fit<span class=\"_ _7\"></span>tings<span class=\"_ _9\"></span> and equipment  <span class=\"_ _13a\"> </span>3\u2013<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>5 years<span class=\"_ _304\"> </span></span></span>The a<span class=\"_ _7\"></span>ssets\u2019 resid<span class=\"_ _7\"></span>ual valu<span class=\"_ _7\"></span>es and u<span class=\"_ _7\"></span>seful l<span class=\"_ _7\"></span>ives are rev<span class=\"_ _7\"></span>iewed at <span class=\"ls8 ws4\"> </span>eac<span class=\"_ _7\"></span>h balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et date and adj<span class=\"_ _7\"></span>usted if ap<span class=\"_ _7\"></span>propri<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-414": {
   "value": "2.5 Inta<span class=\"_ _7\"></span>ngible assets<span class=\"_ _304\"> </span>(a<span class=\"_ _9\"></span>) Goodwill<span class=\"_ _304\"> </span>Goodwill represents amount<span class=\"_ _9\"></span>s arising on acquisition<span class=\"_ _9\"></span> of<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> subsidiaries and associat<span class=\"_ _9\"></span>es. In<span class=\"_ _9\"></span> respect of acquisit<span class=\"_ _9\"></span>ions tha<span class=\"_ _9\"></span>t <span class=\"ls8 ws4\"> </span>have occu<span class=\"_ _7\"></span>rred s<span class=\"_ _7\"></span>ince 1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _7\"></span>04, goodw<span class=\"_ _7\"></span>ill repre<span class=\"_ _7\"></span>sents <span class=\"ls8 ws4\"> </span>the exces<span class=\"_ _7\"></span>s of the fair valu<span class=\"_ _7\"></span>e of consi<span class=\"_ _7\"></span>deratio<span class=\"_ _7\"></span>n of an acqu<span class=\"_ _7\"></span>isition <span class=\"ls8 ws4\"> </span>over the fai<span class=\"_ _7\"></span>r value of the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s sha<span class=\"_ _7\"></span>re of the net ide<span class=\"_ _7\"></span>ntifiab<span class=\"_ _7\"></span>le<span class=\"_ _304\"> </span> assets and<span class=\"_ _9\"></span> contingent liabil<span class=\"_ _9\"></span>ities assumed of<span class=\"_ _9\"></span> the acquired<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> subsidiar<span class=\"_ _7\"></span>y or<span class=\"_ _9\"></span> associate<span class=\"_ _9\"></span> at the a<span class=\"_ _9\"></span>cquisition dat<span class=\"_ _9\"></span>e<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>In res<span class=\"_ _7\"></span>pect of ac<span class=\"_ _7\"></span>quisi<span class=\"_ _7\"></span>tions pr<span class=\"_ _7\"></span>ior to 1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Janua<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2004, good<span class=\"_ _7\"></span>will is<span class=\"_ _304\"> </span> incl<span class=\"_ _7\"></span>uded o<span class=\"_ _7\"></span>n the basis of i<span class=\"_ _7\"></span>ts deem<span class=\"_ _7\"></span>ed cos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>, wh<span class=\"_ _7\"></span>ich rep<span class=\"_ _7\"></span>resents <span class=\"ls8 ws4\"> </span>the am<span class=\"_ _7\"></span>ount rec<span class=\"_ _7\"></span>orded un<span class=\"_ _7\"></span>der prev<span class=\"_ _7\"></span>ious g<span class=\"_ _7\"></span>ener<span class=\"_ _7\"></span>ally ac<span class=\"_ _7\"></span>cepted<span class=\"_ _304\"> </span> accounting principles.<span class=\"_ _304\"> </span>Goodwill on acquisit<span class=\"_ _9\"></span>ion of<span class=\"_ _9\"></span> subsidiaries is included in<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>intangible asse<span class=\"_ _9\"></span>ts. Goodwill<span class=\"_ _9\"></span> on acquisition<span class=\"_ _9\"></span> of associat<span class=\"_ _9\"></span>es <span class=\"ls8 ws4\"> </span>is inc<span class=\"_ _7\"></span>luded i<span class=\"_ _7\"></span>n investme<span class=\"_ _7\"></span>nts in asso<span class=\"_ _7\"></span>ciates.<span class=\"_ _304\"> </span> Goo<span class=\"_ _7\"></span>dwill i<span class=\"_ _7\"></span>s not amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed but is tes<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed at l<span class=\"_ _7\"></span>east a<span class=\"_ _7\"></span>nnua<span class=\"_ _7\"></span>lly <span class=\"ls8 ws4\"> </span>for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt and c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at co<span class=\"_ _7\"></span>st<span class=\"_ _9\"></span>, le<span class=\"_ _7\"></span>ss acc<span class=\"_ _7\"></span>umulated<span class=\"_ _304\"> </span> impairme<span class=\"_ _7\"></span>nt losses.<span class=\"_ _304\"> </span>Goo<span class=\"_ _7\"></span>dwill i<span class=\"_ _7\"></span>s alloc<span class=\"_ _7\"></span>ated to t<span class=\"_ _9\"></span>he G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s ca<span class=\"_ _7\"></span>sh-g<span class=\"_ _7\"></span>ener<span class=\"_ _7\"></span>ating units<span class=\"_ _304\"> </span> identified accor<span class=\"_ _9\"></span>ding t<span class=\"_ _9\"></span>o the smallest<span class=\"_ _9\"></span> identifiable unit t<span class=\"_ _9\"></span>o which<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> cas<span class=\"_ _7\"></span>h flows are ge<span class=\"_ _7\"></span>nerated.<span class=\"_ _304\"> </span>The i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment rev<span class=\"_ _7\"></span>iew proce<span class=\"_ _7\"></span>ss exam<span class=\"_ _7\"></span>ines w<span class=\"_ _7\"></span>hether o<span class=\"_ _7\"></span>r not<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g value of the go<span class=\"_ _7\"></span>odwi<span class=\"_ _7\"></span>ll attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble to indiv<span class=\"_ _7\"></span>idua<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> cas<span class=\"_ _7\"></span>h-ge<span class=\"_ _7\"></span>neratin<span class=\"_ _7\"></span>g units excee<span class=\"_ _7\"></span>ds its rec<span class=\"_ _7\"></span>overable a<span class=\"_ _7\"></span>mount. Any<span class=\"_ _304\"> </span> excess of go<span class=\"_ _7\"></span>odwi<span class=\"_ _7\"></span>ll over the recove<span class=\"_ _7\"></span>rable a<span class=\"_ _7\"></span>mount a<span class=\"_ _7\"></span>risin<span class=\"_ _7\"></span>g from<span class=\"_ _304\"> </span> the revi<span class=\"_ _7\"></span>ew proce<span class=\"_ _7\"></span>ss indi<span class=\"_ _7\"></span>cates impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt. Any impai<span class=\"_ _7\"></span>rment<span class=\"_ _304\"> </span> cha<span class=\"_ _7\"></span>rges are p<span class=\"_ _7\"></span>rese<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed a<span class=\"_ _7\"></span>s par<span class=\"_ _7\"></span>t of ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expen<span class=\"_ _7\"></span>ses. <span class=\"ls8 ws4\"> </span>Gai<span class=\"_ _7\"></span>ns and lo<span class=\"_ _7\"></span>sses o<span class=\"_ _7\"></span>n the disp<span class=\"_ _7\"></span>osal of a<span class=\"_ _7\"></span>n entit<span class=\"_ _7\"></span>y inclu<span class=\"_ _7\"></span>de the<span class=\"_ _304\"> </span> car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of go<span class=\"_ _7\"></span>odwi<span class=\"_ _7\"></span>ll relating to the e<span class=\"_ _7\"></span>ntity s<span class=\"_ _7\"></span>old.<span class=\"_ _304\"> </span>(b<span class=\"_ _9\"></span>) Other intangible<span class=\"_ _9\"></span> assets<span class=\"_ _304\"> </span>Intan<span class=\"_ _7\"></span>gible a<span class=\"_ _7\"></span>ssets acq<span class=\"_ _7\"></span>uired se<span class=\"_ _7\"></span>paratel<span class=\"_ _7\"></span>y from a bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s are car<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>d initia<span class=\"_ _7\"></span>lly at cos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>. A<span class=\"_ _7\"></span>n intang<span class=\"_ _7\"></span>ible as<span class=\"_ _7\"></span>set acqu<span class=\"_ _7\"></span>ired as pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t <span class=\"ls8 ws4\"> </span>of a<span class=\"_ _9\"></span> business combination<span class=\"_ _9\"></span> is recognised outside<span class=\"_ _9\"></span> of goodwill<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>if the a<span class=\"_ _7\"></span>sset is se<span class=\"_ _7\"></span>para<span class=\"_ _7\"></span>ble or ar<span class=\"_ _7\"></span>ises f<span class=\"_ _7\"></span>rom contra<span class=\"_ _7\"></span>ctual o<span class=\"_ _7\"></span>r other <span class=\"ls8 ws4\"> </span>leg<span class=\"_ _7\"></span>al rig<span class=\"_ _7\"></span>hts and its fa<span class=\"_ _7\"></span>ir value c<span class=\"_ _7\"></span>an be me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d relia<span class=\"_ _7\"></span>bly<span class=\"_ _9\"></span>. Custome<span class=\"_ _7\"></span>r relatio<span class=\"_ _7\"></span>nships, sy<span class=\"_ _7\"></span>ndicate ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y and s<span class=\"_ _7\"></span>oft<span class=\"_ _7\"></span>ware acqu<span class=\"_ _7\"></span>ired are c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>lise<span class=\"_ _7\"></span>d at cost, bein<span class=\"_ _7\"></span>g the fair val<span class=\"_ _7\"></span>ue of the cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>ation paid. Sof<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ware is ca<span class=\"_ _7\"></span>pita<span class=\"_ _7\"></span>lised o<span class=\"_ _7\"></span>n the basis of the cos<span class=\"_ _7\"></span>ts incur<span class=\"_ _7\"></span>red to acquire a<span class=\"_ _7\"></span>nd brin<span class=\"_ _7\"></span>g it into use. Intan<span class=\"_ _7\"></span>gible ass<span class=\"_ _7\"></span>ets with ind<span class=\"_ _7\"></span>efinite live<span class=\"_ _7\"></span>s such as sy<span class=\"_ _7\"></span>ndic<span class=\"_ _7\"></span>ate capaci<span class=\"_ _7\"></span>ty are subs<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>ntly valu<span class=\"_ _7\"></span>ed at cost a<span class=\"_ _7\"></span>nd are su<span class=\"_ _7\"></span>bject to ann<span class=\"_ _7\"></span>ual impairment assessment<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Intangible asset<span class=\"_ _9\"></span>s with finit<span class=\"_ _9\"></span>e useful lives are<span class=\"_ _9\"></span> consequently car<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>d at cost, les<span class=\"_ _7\"></span>s accum<span class=\"_ _7\"></span>ulated amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation a<span class=\"_ _7\"></span>nd impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt.<span class=\"_ _9\"></span> The u<span class=\"_ _7\"></span>seful l<span class=\"_ _7\"></span>ife of the ass<span class=\"_ _7\"></span>et is reviewed a<span class=\"_ _7\"></span>nnua<span class=\"_ _7\"></span>lly<span class=\"_ _9\"></span>. Any cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> estim<span class=\"_ _7\"></span>ated usefu<span class=\"_ _7\"></span>l lives a<span class=\"_ _7\"></span>re accou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed fo<span class=\"_ _7\"></span>r prospe<span class=\"_ _7\"></span>ctivel<span class=\"_ _7\"></span>y with the ef<span class=\"_ _7\"></span>fect of the c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>e bein<span class=\"_ _7\"></span>g recog<span class=\"_ _7\"></span>nised i<span class=\"_ _7\"></span>n the curre<span class=\"_ _7\"></span>nt and f<span class=\"_ _7\"></span>uture periods, if rele<span class=\"_ _9\"></span>vant.<span class=\"_ _9\"></span> Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation i<span class=\"_ _7\"></span>s calcu<span class=\"_ _7\"></span>lated usin<span class=\"_ _7\"></span>g the straig<span class=\"_ _7\"></span>ht<span class=\"_ _9\"></span>-line m<span class=\"_ _7\"></span>ethod <span class=\"ls8 ws4\"> </span>to alloc<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e the c<span class=\"_ _7\"></span>ost over the e<span class=\"_ _7\"></span>stimated usef<span class=\"_ _7\"></span>ul live<span class=\"_ _7\"></span>s of the<span class=\"_ _9\"></span> intangible assets<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Subsequent e<span class=\"_ _9\"></span>xpenditure on o<span class=\"_ _9\"></span>ther intangible<span class=\"_ _9\"></span> assets is<span class=\"_ _9\"></span> capitalised only when it i<span class=\"_ _9\"></span>ncreases the futur<span class=\"_ _9\"></span>e economic <span class=\"ls8 ws4\"> </span>ben<span class=\"_ _7\"></span>efits emb<span class=\"_ _7\"></span>odie<span class=\"_ _7\"></span>d in the spe<span class=\"_ _7\"></span>cific a<span class=\"_ _7\"></span>sset to whic<span class=\"_ _7\"></span>h it relates. <span class=\"ls8 ws4\"> </span>All othe<span class=\"_ _7\"></span>r expe<span class=\"_ _7\"></span>nditure is ex<span class=\"_ _7\"></span>pens<span class=\"_ _7\"></span>ed as inc<span class=\"_ _7\"></span>urred.<span class=\"_ _304\"> </span>Tho<span class=\"_ _7\"></span>se intan<span class=\"_ _7\"></span>gible a<span class=\"_ _7\"></span>ssets wi<span class=\"_ _7\"></span>th finite lives a<span class=\"_ _7\"></span>re asse<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d for indi<span class=\"_ _7\"></span>cators of impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt at each re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e. Whe<span class=\"_ _7\"></span>re there is a<span class=\"_ _7\"></span>n indi<span class=\"_ _7\"></span>cation of imp<span class=\"_ _7\"></span>airm<span class=\"_ _7\"></span>ent then a f<span class=\"_ _7\"></span>ull im<span class=\"_ _7\"></span>pairm<span class=\"_ _7\"></span>ent test is p<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>forme<span class=\"_ _7\"></span>d. An im<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>ment los<span class=\"_ _7\"></span>s reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d for an inta<span class=\"_ _7\"></span>ngibl<span class=\"_ _7\"></span>e asset i<span class=\"_ _7\"></span>n prio<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> year<span class=\"_ _7\"></span>s shoul<span class=\"_ _7\"></span>d be revers<span class=\"_ _7\"></span>ed if, and only i<span class=\"_ _7\"></span>f<span class=\"_ _9\"></span>, there h<span class=\"_ _7\"></span>as bee<span class=\"_ _7\"></span>n a chan<span class=\"_ _7\"></span>ge in the e<span class=\"_ _7\"></span>stimates use<span class=\"_ _7\"></span>d to det<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rmine th<span class=\"_ _7\"></span>e asset\u2019s recoverabl<span class=\"_ _7\"></span>e amo<span class=\"_ _7\"></span>unt sinc<span class=\"_ _7\"></span>e the last i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment lo<span class=\"_ _7\"></span>ss was rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-456": {
   "value": "(a<span class=\"_ _9\"></span>) Goodwill<span class=\"_ _304\"> </span>Goodwill represents amount<span class=\"_ _9\"></span>s arising on acquisition<span class=\"_ _9\"></span> of<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> subsidiaries and associat<span class=\"_ _9\"></span>es. In<span class=\"_ _9\"></span> respect of acquisit<span class=\"_ _9\"></span>ions tha<span class=\"_ _9\"></span>t <span class=\"ls8 ws4\"> </span>have occu<span class=\"_ _7\"></span>rred s<span class=\"_ _7\"></span>ince 1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _7\"></span>04, goodw<span class=\"_ _7\"></span>ill repre<span class=\"_ _7\"></span>sents <span class=\"ls8 ws4\"> </span>the exces<span class=\"_ _7\"></span>s of the fair valu<span class=\"_ _7\"></span>e of consi<span class=\"_ _7\"></span>deratio<span class=\"_ _7\"></span>n of an acqu<span class=\"_ _7\"></span>isition <span class=\"ls8 ws4\"> </span>over the fai<span class=\"_ _7\"></span>r value of the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s sha<span class=\"_ _7\"></span>re of the net ide<span class=\"_ _7\"></span>ntifiab<span class=\"_ _7\"></span>le<span class=\"_ _304\"> </span> assets and<span class=\"_ _9\"></span> contingent liabil<span class=\"_ _9\"></span>ities assumed of<span class=\"_ _9\"></span> the acquired<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> subsidiar<span class=\"_ _7\"></span>y or<span class=\"_ _9\"></span> associate<span class=\"_ _9\"></span> at the a<span class=\"_ _9\"></span>cquisition dat<span class=\"_ _9\"></span>e<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>In res<span class=\"_ _7\"></span>pect of ac<span class=\"_ _7\"></span>quisi<span class=\"_ _7\"></span>tions pr<span class=\"_ _7\"></span>ior to 1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Janua<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2004, good<span class=\"_ _7\"></span>will is<span class=\"_ _304\"> </span> incl<span class=\"_ _7\"></span>uded o<span class=\"_ _7\"></span>n the basis of i<span class=\"_ _7\"></span>ts deem<span class=\"_ _7\"></span>ed cos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>, wh<span class=\"_ _7\"></span>ich rep<span class=\"_ _7\"></span>resents <span class=\"ls8 ws4\"> </span>the am<span class=\"_ _7\"></span>ount rec<span class=\"_ _7\"></span>orded un<span class=\"_ _7\"></span>der prev<span class=\"_ _7\"></span>ious g<span class=\"_ _7\"></span>ener<span class=\"_ _7\"></span>ally ac<span class=\"_ _7\"></span>cepted<span class=\"_ _304\"> </span> accounting principles.<span class=\"_ _304\"> </span>Goodwill on acquisit<span class=\"_ _9\"></span>ion of<span class=\"_ _9\"></span> subsidiaries is included in<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>intangible asse<span class=\"_ _9\"></span>ts. Goodwill<span class=\"_ _9\"></span> on acquisition<span class=\"_ _9\"></span> of associat<span class=\"_ _9\"></span>es <span class=\"ls8 ws4\"> </span>is inc<span class=\"_ _7\"></span>luded i<span class=\"_ _7\"></span>n investme<span class=\"_ _7\"></span>nts in asso<span class=\"_ _7\"></span>ciates.<span class=\"_ _304\"> </span> Goo<span class=\"_ _7\"></span>dwill i<span class=\"_ _7\"></span>s not amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed but is tes<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed at l<span class=\"_ _7\"></span>east a<span class=\"_ _7\"></span>nnua<span class=\"_ _7\"></span>lly <span class=\"ls8 ws4\"> </span>for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt and c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at co<span class=\"_ _7\"></span>st<span class=\"_ _9\"></span>, le<span class=\"_ _7\"></span>ss acc<span class=\"_ _7\"></span>umulated<span class=\"_ _304\"> </span> impairme<span class=\"_ _7\"></span>nt losses.<span class=\"_ _304\"> </span>Goo<span class=\"_ _7\"></span>dwill i<span class=\"_ _7\"></span>s alloc<span class=\"_ _7\"></span>ated to t<span class=\"_ _9\"></span>he G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s ca<span class=\"_ _7\"></span>sh-g<span class=\"_ _7\"></span>ener<span class=\"_ _7\"></span>ating units<span class=\"_ _304\"> </span> identified accor<span class=\"_ _9\"></span>ding t<span class=\"_ _9\"></span>o the smallest<span class=\"_ _9\"></span> identifiable unit t<span class=\"_ _9\"></span>o which<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> cas<span class=\"_ _7\"></span>h flows are ge<span class=\"_ _7\"></span>nerated.<span class=\"_ _304\"> </span>The i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment rev<span class=\"_ _7\"></span>iew proce<span class=\"_ _7\"></span>ss exam<span class=\"_ _7\"></span>ines w<span class=\"_ _7\"></span>hether o<span class=\"_ _7\"></span>r not<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g value of the go<span class=\"_ _7\"></span>odwi<span class=\"_ _7\"></span>ll attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble to indiv<span class=\"_ _7\"></span>idua<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> cas<span class=\"_ _7\"></span>h-ge<span class=\"_ _7\"></span>neratin<span class=\"_ _7\"></span>g units excee<span class=\"_ _7\"></span>ds its rec<span class=\"_ _7\"></span>overable a<span class=\"_ _7\"></span>mount. Any<span class=\"_ _304\"> </span> excess of go<span class=\"_ _7\"></span>odwi<span class=\"_ _7\"></span>ll over the recove<span class=\"_ _7\"></span>rable a<span class=\"_ _7\"></span>mount a<span class=\"_ _7\"></span>risin<span class=\"_ _7\"></span>g from<span class=\"_ _304\"> </span> the revi<span class=\"_ _7\"></span>ew proce<span class=\"_ _7\"></span>ss indi<span class=\"_ _7\"></span>cates impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt. Any impai<span class=\"_ _7\"></span>rment<span class=\"_ _304\"> </span> cha<span class=\"_ _7\"></span>rges are p<span class=\"_ _7\"></span>rese<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed a<span class=\"_ _7\"></span>s par<span class=\"_ _7\"></span>t of ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expen<span class=\"_ _7\"></span>ses. <span class=\"ls8 ws4\"> </span>Gai<span class=\"_ _7\"></span>ns and lo<span class=\"_ _7\"></span>sses o<span class=\"_ _7\"></span>n the disp<span class=\"_ _7\"></span>osal of a<span class=\"_ _7\"></span>n entit<span class=\"_ _7\"></span>y inclu<span class=\"_ _7\"></span>de the<span class=\"_ _304\"> </span> car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of go<span class=\"_ _7\"></span>odwi<span class=\"_ _7\"></span>ll relating to the e<span class=\"_ _7\"></span>ntity s<span class=\"_ _7\"></span>old.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-457": {
   "value": "(b<span class=\"_ _9\"></span>) Other intangible<span class=\"_ _9\"></span> assets<span class=\"_ _304\"> </span>Intan<span class=\"_ _7\"></span>gible a<span class=\"_ _7\"></span>ssets acq<span class=\"_ _7\"></span>uired se<span class=\"_ _7\"></span>paratel<span class=\"_ _7\"></span>y from a bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s are car<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>d initia<span class=\"_ _7\"></span>lly at cos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>. A<span class=\"_ _7\"></span>n intang<span class=\"_ _7\"></span>ible as<span class=\"_ _7\"></span>set acqu<span class=\"_ _7\"></span>ired as pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t <span class=\"ls8 ws4\"> </span>of a<span class=\"_ _9\"></span> business combination<span class=\"_ _9\"></span> is recognised outside<span class=\"_ _9\"></span> of goodwill<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>if the a<span class=\"_ _7\"></span>sset is se<span class=\"_ _7\"></span>para<span class=\"_ _7\"></span>ble or ar<span class=\"_ _7\"></span>ises f<span class=\"_ _7\"></span>rom contra<span class=\"_ _7\"></span>ctual o<span class=\"_ _7\"></span>r other <span class=\"ls8 ws4\"> </span>leg<span class=\"_ _7\"></span>al rig<span class=\"_ _7\"></span>hts and its fa<span class=\"_ _7\"></span>ir value c<span class=\"_ _7\"></span>an be me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d relia<span class=\"_ _7\"></span>bly<span class=\"_ _9\"></span>. Custome<span class=\"_ _7\"></span>r relatio<span class=\"_ _7\"></span>nships, sy<span class=\"_ _7\"></span>ndicate ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y and s<span class=\"_ _7\"></span>oft<span class=\"_ _7\"></span>ware acqu<span class=\"_ _7\"></span>ired are c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>lise<span class=\"_ _7\"></span>d at cost, bein<span class=\"_ _7\"></span>g the fair val<span class=\"_ _7\"></span>ue of the cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>ation paid. Sof<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ware is ca<span class=\"_ _7\"></span>pita<span class=\"_ _7\"></span>lised o<span class=\"_ _7\"></span>n the basis of the cos<span class=\"_ _7\"></span>ts incur<span class=\"_ _7\"></span>red to acquire a<span class=\"_ _7\"></span>nd brin<span class=\"_ _7\"></span>g it into use. Intan<span class=\"_ _7\"></span>gible ass<span class=\"_ _7\"></span>ets with ind<span class=\"_ _7\"></span>efinite live<span class=\"_ _7\"></span>s such as sy<span class=\"_ _7\"></span>ndic<span class=\"_ _7\"></span>ate capaci<span class=\"_ _7\"></span>ty are subs<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>ntly valu<span class=\"_ _7\"></span>ed at cost a<span class=\"_ _7\"></span>nd are su<span class=\"_ _7\"></span>bject to ann<span class=\"_ _7\"></span>ual impairment assessment<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Intangible asset<span class=\"_ _9\"></span>s with finit<span class=\"_ _9\"></span>e useful lives are<span class=\"_ _9\"></span> consequently car<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>d at cost, les<span class=\"_ _7\"></span>s accum<span class=\"_ _7\"></span>ulated amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation a<span class=\"_ _7\"></span>nd impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt.<span class=\"_ _9\"></span> The u<span class=\"_ _7\"></span>seful l<span class=\"_ _7\"></span>ife of the ass<span class=\"_ _7\"></span>et is reviewed a<span class=\"_ _7\"></span>nnua<span class=\"_ _7\"></span>lly<span class=\"_ _9\"></span>. Any cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> estim<span class=\"_ _7\"></span>ated usefu<span class=\"_ _7\"></span>l lives a<span class=\"_ _7\"></span>re accou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed fo<span class=\"_ _7\"></span>r prospe<span class=\"_ _7\"></span>ctivel<span class=\"_ _7\"></span>y with the ef<span class=\"_ _7\"></span>fect of the c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>e bein<span class=\"_ _7\"></span>g recog<span class=\"_ _7\"></span>nised i<span class=\"_ _7\"></span>n the curre<span class=\"_ _7\"></span>nt and f<span class=\"_ _7\"></span>uture periods, if rele<span class=\"_ _9\"></span>vant.<span class=\"_ _9\"></span> Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation i<span class=\"_ _7\"></span>s calcu<span class=\"_ _7\"></span>lated usin<span class=\"_ _7\"></span>g the straig<span class=\"_ _7\"></span>ht<span class=\"_ _9\"></span>-line m<span class=\"_ _7\"></span>ethod <span class=\"ls8 ws4\"> </span>to alloc<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e the c<span class=\"_ _7\"></span>ost over the e<span class=\"_ _7\"></span>stimated usef<span class=\"_ _7\"></span>ul live<span class=\"_ _7\"></span>s of the<span class=\"_ _9\"></span> intangible assets<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Subsequent e<span class=\"_ _9\"></span>xpenditure on o<span class=\"_ _9\"></span>ther intangible<span class=\"_ _9\"></span> assets is<span class=\"_ _9\"></span> capitalised only when it i<span class=\"_ _9\"></span>ncreases the futur<span class=\"_ _9\"></span>e economic <span class=\"ls8 ws4\"> </span>ben<span class=\"_ _7\"></span>efits emb<span class=\"_ _7\"></span>odie<span class=\"_ _7\"></span>d in the spe<span class=\"_ _7\"></span>cific a<span class=\"_ _7\"></span>sset to whic<span class=\"_ _7\"></span>h it relates. <span class=\"ls8 ws4\"> </span>All othe<span class=\"_ _7\"></span>r expe<span class=\"_ _7\"></span>nditure is ex<span class=\"_ _7\"></span>pens<span class=\"_ _7\"></span>ed as inc<span class=\"_ _7\"></span>urred.<span class=\"_ _304\"> </span>Tho<span class=\"_ _7\"></span>se intan<span class=\"_ _7\"></span>gible a<span class=\"_ _7\"></span>ssets wi<span class=\"_ _7\"></span>th finite lives a<span class=\"_ _7\"></span>re asse<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d for indi<span class=\"_ _7\"></span>cators of impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt at each re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e. Whe<span class=\"_ _7\"></span>re there is a<span class=\"_ _7\"></span>n indi<span class=\"_ _7\"></span>cation of imp<span class=\"_ _7\"></span>airm<span class=\"_ _7\"></span>ent then a f<span class=\"_ _7\"></span>ull im<span class=\"_ _7\"></span>pairm<span class=\"_ _7\"></span>ent test is p<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>forme<span class=\"_ _7\"></span>d. An im<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>ment los<span class=\"_ _7\"></span>s reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d for an inta<span class=\"_ _7\"></span>ngibl<span class=\"_ _7\"></span>e asset i<span class=\"_ _7\"></span>n prio<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> year<span class=\"_ _7\"></span>s shoul<span class=\"_ _7\"></span>d be revers<span class=\"_ _7\"></span>ed if, and only i<span class=\"_ _7\"></span>f<span class=\"_ _9\"></span>, there h<span class=\"_ _7\"></span>as bee<span class=\"_ _7\"></span>n a chan<span class=\"_ _7\"></span>ge in the e<span class=\"_ _7\"></span>stimates use<span class=\"_ _7\"></span>d to det<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rmine th<span class=\"_ _7\"></span>e asset\u2019s recoverabl<span class=\"_ _7\"></span>e amo<span class=\"_ _7\"></span>unt sinc<span class=\"_ _7\"></span>e the last i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment lo<span class=\"_ _7\"></span>ss was rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-458": {
   "value": "2.6 Impairment of non-financial assets<span class=\"_ _304\"> </span>Non-<span class=\"_ _9\"></span>financial assets (<span class=\"_ _9\"></span>such as goodwil<span class=\"_ _9\"></span>l, an in<span class=\"_ _9\"></span>tangible asset or<span class=\"_ _9\"></span> item of prop<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>, pla<span class=\"_ _7\"></span>nt and eq<span class=\"_ _7\"></span>uipme<span class=\"_ _7\"></span>nt) that have an indefi<span class=\"_ _7\"></span>nite usef<span class=\"_ _7\"></span>ul life are n<span class=\"_ _7\"></span>ot subje<span class=\"_ _7\"></span>ct to amor<span class=\"_ _7\"></span>tisatio<span class=\"_ _7\"></span>n and are tes<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed ann<span class=\"_ _7\"></span>ually o<span class=\"_ _7\"></span>r when<span class=\"_ _7\"></span>ever there i<span class=\"_ _7\"></span>s an indi<span class=\"_ _7\"></span>cation of imp<span class=\"_ _7\"></span>airm<span class=\"_ _7\"></span>ent.<span class=\"_ _9\"></span> Ass<span class=\"_ _7\"></span>ets that are sub<span class=\"_ _7\"></span>ject to amo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>sation are rev<span class=\"_ _7\"></span>iewed for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt whe<span class=\"_ _7\"></span>never events or c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>es in circu<span class=\"_ _7\"></span>mstan<span class=\"_ _7\"></span>ces indi<span class=\"_ _7\"></span>cate that the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount m<span class=\"_ _7\"></span>ay not be recovera<span class=\"_ _7\"></span>ble.<span class=\"_ _304\"> </span>Obj<span class=\"_ _7\"></span>ective fac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>s that are co<span class=\"_ _7\"></span>nside<span class=\"_ _7\"></span>red whe<span class=\"_ _7\"></span>n determ<span class=\"_ _7\"></span>ining whether a non-<span class=\"_ _9\"></span>financial asset or gr<span class=\"_ _9\"></span>oup of non-<span class=\"_ _9\"></span>financial assets<span class=\"_ _9\"></span> may be im<span class=\"_ _7\"></span>paired i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, bu<span class=\"_ _7\"></span>t are not limi<span class=\"_ _7\"></span>ted t<span class=\"_ _9\"></span>o, the followin<span class=\"_ _7\"></span>g:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>adv<span class=\"_ _9\"></span>erse economic, regulat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y or en<span class=\"_ _9\"></span>vironmental </span>con<span class=\"_ _7\"></span>ditions th<span class=\"_ _7\"></span>at may restri<span class=\"_ _7\"></span>ct futu<span class=\"_ _7\"></span>re cash flows a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span>asset usage and/<span class=\"_ _a\"></span>or recoverability;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the likelih<span class=\"_ _7\"></span>ood of acce<span class=\"_ _7\"></span>lerated o<span class=\"_ _7\"></span>bsole<span class=\"_ _7\"></span>sce<span class=\"_ _7\"></span>nce ar<span class=\"_ _7\"></span>ising <span class=\"ls8 ws4\"> </span></span>from th<span class=\"_ _7\"></span>e develop<span class=\"_ _7\"></span>ment of new tech<span class=\"_ _7\"></span>nolog<span class=\"_ _7\"></span>ies a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span>products<span class=\"_ _9\"></span>; and<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the disinteg<span class=\"_ _7\"></span>ration of the ac<span class=\"_ _7\"></span>tive market(s<span class=\"_ _9\"></span>) to whic<span class=\"_ _7\"></span>h the </span>ass<span class=\"_ _7\"></span>et is related. An im<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>ment los<span class=\"_ _7\"></span>s is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed for the am<span class=\"_ _7\"></span>ount by whi<span class=\"_ _7\"></span>ch <span class=\"ls8 ws4\"> </span>the as<span class=\"_ _7\"></span>set\u2019<span class=\"_ _9\"></span>s car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount excee<span class=\"_ _7\"></span>ds its rec<span class=\"_ _7\"></span>overable <span class=\"ls8 ws4\"> </span>amo<span class=\"_ _7\"></span>unt. The rec<span class=\"_ _7\"></span>overable a<span class=\"_ _7\"></span>mount i<span class=\"_ _7\"></span>s the high<span class=\"_ _7\"></span>er of an <span class=\"ls8 ws4\"> </span>ass<span class=\"_ _7\"></span>et\u2019<span class=\"_ _9\"></span>s fair valu<span class=\"_ _7\"></span>e less c<span class=\"_ _7\"></span>osts to sell or va<span class=\"_ _7\"></span>lue in us<span class=\"_ _7\"></span>e.<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>For the pu<span class=\"_ _7\"></span>rpose of a<span class=\"_ _7\"></span>sses<span class=\"_ _7\"></span>sing im<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>ment, assets a<span class=\"_ _7\"></span>re groupe<span class=\"_ _7\"></span>d at the lowes<span class=\"_ _7\"></span>t levels for wh<span class=\"_ _7\"></span>ich the<span class=\"_ _7\"></span>re are sepa<span class=\"_ _7\"></span>rately id<span class=\"_ _7\"></span>entifia<span class=\"_ _7\"></span>ble <span class=\"ls8 ws4\"> </span>cas<span class=\"_ _7\"></span>h flows (cash-g<span class=\"_ _7\"></span>ene<span class=\"_ _7\"></span>rating uni<span class=\"_ _7\"></span>ts<span class=\"_ _9\"></span>). Where an i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment <span class=\"ls8 ws4\"> </span>los<span class=\"_ _7\"></span>s subse<span class=\"_ _7\"></span>quentl<span class=\"_ _7\"></span>y reverse<span class=\"_ _7\"></span>s, the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying am<span class=\"_ _7\"></span>ount of the <span class=\"ls8 ws4\"> </span>ass<span class=\"_ _7\"></span>et is incre<span class=\"_ _7\"></span>ased to the revi<span class=\"_ _7\"></span>sed es<span class=\"_ _7\"></span>timate of its recovera<span class=\"_ _7\"></span>ble amo<span class=\"_ _7\"></span>unt, but only to the ex<span class=\"_ _7\"></span>tent that the in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>ed car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying amo<span class=\"_ _7\"></span>unt doe<span class=\"_ _7\"></span>s not ex<span class=\"_ _9\"></span>ce<span class=\"_ _7\"></span>ed the c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng amou<span class=\"_ _7\"></span>nt that would <span class=\"ls8 ws4\"> </span>have bee<span class=\"_ _7\"></span>n determ<span class=\"_ _7\"></span>ined had n<span class=\"_ _7\"></span>o impai<span class=\"_ _7\"></span>rment l<span class=\"_ _7\"></span>oss be<span class=\"_ _7\"></span>en reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d for the as<span class=\"_ _7\"></span>set in pr<span class=\"_ _7\"></span>ior per<span class=\"_ _7\"></span>iods. A rever<span class=\"_ _7\"></span>sal of an impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt loss i<span class=\"_ _7\"></span>s recog<span class=\"_ _7\"></span>nised a<span class=\"_ _7\"></span>s incom<span class=\"_ _7\"></span>e imme<span class=\"_ _7\"></span>diately<span class=\"_ _9\"></span>. Impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt loss<span class=\"_ _7\"></span>es reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in res<span class=\"_ _7\"></span>pect of go<span class=\"_ _7\"></span>odwil<span class=\"_ _7\"></span>l are <span class=\"ls8 ws4\"> </span>not subsequent<span class=\"_ _9\"></span>ly reversed<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(b<span class=\"_ _9\"></span>) Impairmen<span class=\"_ _9\"></span>t allow<span class=\"_ _9\"></span>ances<span class=\"_ _304\"> </span>An exp<span class=\"_ _7\"></span>ected cre<span class=\"_ _7\"></span>dit lo<span class=\"_ _7\"></span>ss (ECL) mod<span class=\"_ _7\"></span>el is ap<span class=\"_ _7\"></span>plica<span class=\"_ _7\"></span>ble for a<span class=\"_ _7\"></span>ll assets mea<span class=\"_ _7\"></span>sured at a<span class=\"_ _7\"></span>mor<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cost an<span class=\"_ _7\"></span>d F<span class=\"_ _7\"></span>V<span class=\"_ _9\"></span>OCI. T<span class=\"_ _7\"></span>he ass<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>ment of credi<span class=\"_ _7\"></span>t risk a<span class=\"_ _7\"></span>nd the es<span class=\"_ _7\"></span>timation of an ECL a<span class=\"_ _7\"></span>re unbi<span class=\"_ _7\"></span>ased, probability-<span class=\"_ _9\"></span>weight<span class=\"_ _9\"></span>ed and incorpora<span class=\"_ _9\"></span>te all<span class=\"_ _9\"></span> available<span class=\"_ _9\"></span> informati<span class=\"_ _9\"></span>on releva<span class=\"_ _7\"></span>nt t<span class=\"_ _9\"></span>o the a<span class=\"_ _7\"></span>sses<span class=\"_ _7\"></span>sme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, inc<span class=\"_ _7\"></span>ludin<span class=\"_ _7\"></span>g informati<span class=\"_ _7\"></span>on abou<span class=\"_ _7\"></span>t <span class=\"ls8 ws4\"> </span>past ev<span class=\"_ _9\"></span>ents<span class=\"_ _9\"></span>, current condit<span class=\"_ _9\"></span>ions and reasonable and<span class=\"_ _9\"></span> suppor<span class=\"_ _7\"></span>table f<span class=\"_ _9\"></span>orecasts o<span class=\"_ _9\"></span>f economic conditions<span class=\"_ _9\"></span> at the<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting date. The for<span class=\"_ _7\"></span>ward-l<span class=\"_ _7\"></span>ooki<span class=\"_ _7\"></span>ng aspe<span class=\"_ _7\"></span>ct of IFRS 9 <span class=\"ls8 ws4\"> </span>requ<span class=\"_ _7\"></span>ires jud<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt as to how chan<span class=\"_ _7\"></span>ges in e<span class=\"_ _7\"></span>cono<span class=\"_ _7\"></span>mic factors af<span class=\"_ _7\"></span>fect ECL<span class=\"_ _7\"></span>s. Impai<span class=\"_ _7\"></span>rment c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s are rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed in the <span class=\"ls8 ws4\"> </span>inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt withi<span class=\"_ _7\"></span>n operati<span class=\"_ _7\"></span>onal exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s.<span class=\"_ _9\"></span> The EC<span class=\"_ _7\"></span>L is a three<span class=\"_ _7\"></span>-stage mod<span class=\"_ _7\"></span>el bas<span class=\"_ _7\"></span>ed on for<span class=\"_ _7\"></span>ward-l<span class=\"_ _7\"></span>ooki<span class=\"_ _7\"></span>ng informat<span class=\"_ _9\"></span>ion regarding changes in credit quality since incept<span class=\"_ _9\"></span>ion.<span class=\"_ _9\"></span> Cred<span class=\"_ _7\"></span>it risk i<span class=\"_ _7\"></span>s meas<span class=\"_ _7\"></span>ured us<span class=\"_ _7\"></span>ing a proba<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y of defau<span class=\"_ _7\"></span>lt (PD)<span class=\"_ _9\"></span>; expos<span class=\"_ _7\"></span>ure at defau<span class=\"_ _7\"></span>lt (E<span class=\"_ _7\"></span>AD)<span class=\"_ _9\"></span>; and l<span class=\"_ _7\"></span>oss gi<span class=\"_ _7\"></span>ven defaul<span class=\"_ _7\"></span>t (L<span class=\"_ _9\"></span>GD) <span class=\"ls8 ws4\"> </span>as fo<span class=\"_ _7\"></span>llows.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>PD is an estim<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f the li<span class=\"_ _7\"></span>kelihoo<span class=\"_ _7\"></span>d of default of the a<span class=\"_ _7\"></span>sset. </span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>E<span class=\"_ _7\"></span>AD is a<span class=\"_ _7\"></span>n estimate of the expo<span class=\"_ _7\"></span>sure at that fu<span class=\"_ _7\"></span>ture defau<span class=\"_ _7\"></span>lt </span></span>date, takin<span class=\"_ _7\"></span>g into account ex<span class=\"_ _7\"></span>pected c<span class=\"_ _7\"></span>hange<span class=\"_ _7\"></span>s in the expos<span class=\"_ _7\"></span>ure af<span class=\"_ _7\"></span>ter the repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting date.<span class=\"_ _9\"></span> A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>L<span class=\"_ _9\"></span>GD is a<span class=\"_ _7\"></span>n estimate of the los<span class=\"_ _7\"></span>s aris<span class=\"_ _7\"></span>ing in the c<span class=\"_ _7\"></span>ase wh<span class=\"_ _7\"></span>ere a </span>defau<span class=\"_ _7\"></span>lt occu<span class=\"_ _7\"></span>rs at a give<span class=\"_ _7\"></span>n time. It is base<span class=\"_ _7\"></span>d on the di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> bet<span class=\"_ _7\"></span>ween the c<span class=\"_ _7\"></span>ontractu<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows due a<span class=\"_ _7\"></span>nd those that the Gro<span class=\"_ _7\"></span>up would exp<span class=\"_ _7\"></span>ect to rece<span class=\"_ _7\"></span>ive. It is usua<span class=\"_ _7\"></span>lly expre<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> as a pe<span class=\"_ _7\"></span>rcentag<span class=\"_ _7\"></span>e of the expos<span class=\"_ _7\"></span>ure at defaul<span class=\"_ _7\"></span>t.<span class=\"_ _304\"> </span>The th<span class=\"_ _7\"></span>ree stag<span class=\"_ _7\"></span>es of ECL are de<span class=\"_ _7\"></span>fined a<span class=\"_ _7\"></span>nd asse<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d as follows.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 1 \u2013 no s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e in credi<span class=\"_ _7\"></span>t risk s<span class=\"_ _7\"></span>ince </span>ince<span class=\"_ _7\"></span>ption, ECL is ca<span class=\"_ _7\"></span>lculated u<span class=\"_ _7\"></span>sing a 1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>-month PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 2 \u2013 a si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant inc<span class=\"_ _7\"></span>rease i<span class=\"_ _7\"></span>n credi<span class=\"_ _7\"></span>t risk si<span class=\"_ _7\"></span>nce </span>ince<span class=\"_ _7\"></span>ption, ECL is ca<span class=\"_ _7\"></span>lculated u<span class=\"_ _7\"></span>sing a lifeti<span class=\"_ _7\"></span>me PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 3 \u2013 c<span class=\"_ _7\"></span>redit im<span class=\"_ _7\"></span>paired, ECL is c<span class=\"_ _7\"></span>alcul<span class=\"_ _7\"></span>ated using <span class=\"ls8 ws4\"> </span></span>a lifetim<span class=\"_ _7\"></span>e PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt incre<span class=\"_ _7\"></span>ase in cre<span class=\"_ _7\"></span>dit ri<span class=\"_ _7\"></span>sk is con<span class=\"_ _7\"></span>side<span class=\"_ _7\"></span>red to have incurre<span class=\"_ _7\"></span>d whe<span class=\"_ _7\"></span>n payme<span class=\"_ _7\"></span>nts are 30 days pa<span class=\"_ _7\"></span>st due, or ea<span class=\"_ _7\"></span>rlie<span class=\"_ _7\"></span>r if other fac<span class=\"_ _7\"></span>tors indicat<span class=\"_ _9\"></span>e the risk has incr<span class=\"_ _9\"></span>eased significa<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ly since inception<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets a<span class=\"_ _7\"></span>re writ<span class=\"_ _7\"></span>ten of<span class=\"_ _7\"></span>f whe<span class=\"_ _7\"></span>n there is no re<span class=\"_ _7\"></span>ason<span class=\"_ _7\"></span>able expe<span class=\"_ _7\"></span>ctation of re<span class=\"_ _7\"></span>cover<span class=\"_ _7\"></span>y on a ca<span class=\"_ _7\"></span>se-by-cas<span class=\"_ _7\"></span>e basis.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-416": {
   "value": "2.6 Impairment of non-financial assets<span class=\"_ _304\"> </span>Non-<span class=\"_ _9\"></span>financial assets (<span class=\"_ _9\"></span>such as goodwil<span class=\"_ _9\"></span>l, an in<span class=\"_ _9\"></span>tangible asset or<span class=\"_ _9\"></span> item of prop<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>, pla<span class=\"_ _7\"></span>nt and eq<span class=\"_ _7\"></span>uipme<span class=\"_ _7\"></span>nt) that have an indefi<span class=\"_ _7\"></span>nite usef<span class=\"_ _7\"></span>ul life are n<span class=\"_ _7\"></span>ot subje<span class=\"_ _7\"></span>ct to amor<span class=\"_ _7\"></span>tisatio<span class=\"_ _7\"></span>n and are tes<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed ann<span class=\"_ _7\"></span>ually o<span class=\"_ _7\"></span>r when<span class=\"_ _7\"></span>ever there i<span class=\"_ _7\"></span>s an indi<span class=\"_ _7\"></span>cation of imp<span class=\"_ _7\"></span>airm<span class=\"_ _7\"></span>ent.<span class=\"_ _9\"></span> Ass<span class=\"_ _7\"></span>ets that are sub<span class=\"_ _7\"></span>ject to amo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>sation are rev<span class=\"_ _7\"></span>iewed for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt whe<span class=\"_ _7\"></span>never events or c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>es in circu<span class=\"_ _7\"></span>mstan<span class=\"_ _7\"></span>ces indi<span class=\"_ _7\"></span>cate that the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount m<span class=\"_ _7\"></span>ay not be recovera<span class=\"_ _7\"></span>ble.<span class=\"_ _304\"> </span>Obj<span class=\"_ _7\"></span>ective fac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>s that are co<span class=\"_ _7\"></span>nside<span class=\"_ _7\"></span>red whe<span class=\"_ _7\"></span>n determ<span class=\"_ _7\"></span>ining whether a non-<span class=\"_ _9\"></span>financial asset or gr<span class=\"_ _9\"></span>oup of non-<span class=\"_ _9\"></span>financial assets<span class=\"_ _9\"></span> may be im<span class=\"_ _7\"></span>paired i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, bu<span class=\"_ _7\"></span>t are not limi<span class=\"_ _7\"></span>ted t<span class=\"_ _9\"></span>o, the followin<span class=\"_ _7\"></span>g:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>adv<span class=\"_ _9\"></span>erse economic, regulat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y or en<span class=\"_ _9\"></span>vironmental </span>con<span class=\"_ _7\"></span>ditions th<span class=\"_ _7\"></span>at may restri<span class=\"_ _7\"></span>ct futu<span class=\"_ _7\"></span>re cash flows a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span>asset usage and/<span class=\"_ _a\"></span>or recoverability;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the likelih<span class=\"_ _7\"></span>ood of acce<span class=\"_ _7\"></span>lerated o<span class=\"_ _7\"></span>bsole<span class=\"_ _7\"></span>sce<span class=\"_ _7\"></span>nce ar<span class=\"_ _7\"></span>ising <span class=\"ls8 ws4\"> </span></span>from th<span class=\"_ _7\"></span>e develop<span class=\"_ _7\"></span>ment of new tech<span class=\"_ _7\"></span>nolog<span class=\"_ _7\"></span>ies a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span>products<span class=\"_ _9\"></span>; and<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the disinteg<span class=\"_ _7\"></span>ration of the ac<span class=\"_ _7\"></span>tive market(s<span class=\"_ _9\"></span>) to whic<span class=\"_ _7\"></span>h the </span>ass<span class=\"_ _7\"></span>et is related. An im<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>ment los<span class=\"_ _7\"></span>s is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed for the am<span class=\"_ _7\"></span>ount by whi<span class=\"_ _7\"></span>ch <span class=\"ls8 ws4\"> </span>the as<span class=\"_ _7\"></span>set\u2019<span class=\"_ _9\"></span>s car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount excee<span class=\"_ _7\"></span>ds its rec<span class=\"_ _7\"></span>overable <span class=\"ls8 ws4\"> </span>amo<span class=\"_ _7\"></span>unt. The rec<span class=\"_ _7\"></span>overable a<span class=\"_ _7\"></span>mount i<span class=\"_ _7\"></span>s the high<span class=\"_ _7\"></span>er of an <span class=\"ls8 ws4\"> </span>ass<span class=\"_ _7\"></span>et\u2019<span class=\"_ _9\"></span>s fair valu<span class=\"_ _7\"></span>e less c<span class=\"_ _7\"></span>osts to sell or va<span class=\"_ _7\"></span>lue in us<span class=\"_ _7\"></span>e.<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>For the pu<span class=\"_ _7\"></span>rpose of a<span class=\"_ _7\"></span>sses<span class=\"_ _7\"></span>sing im<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>ment, assets a<span class=\"_ _7\"></span>re groupe<span class=\"_ _7\"></span>d at the lowes<span class=\"_ _7\"></span>t levels for wh<span class=\"_ _7\"></span>ich the<span class=\"_ _7\"></span>re are sepa<span class=\"_ _7\"></span>rately id<span class=\"_ _7\"></span>entifia<span class=\"_ _7\"></span>ble <span class=\"ls8 ws4\"> </span>cas<span class=\"_ _7\"></span>h flows (cash-g<span class=\"_ _7\"></span>ene<span class=\"_ _7\"></span>rating uni<span class=\"_ _7\"></span>ts<span class=\"_ _9\"></span>). Where an i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment <span class=\"ls8 ws4\"> </span>los<span class=\"_ _7\"></span>s subse<span class=\"_ _7\"></span>quentl<span class=\"_ _7\"></span>y reverse<span class=\"_ _7\"></span>s, the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying am<span class=\"_ _7\"></span>ount of the <span class=\"ls8 ws4\"> </span>ass<span class=\"_ _7\"></span>et is incre<span class=\"_ _7\"></span>ased to the revi<span class=\"_ _7\"></span>sed es<span class=\"_ _7\"></span>timate of its recovera<span class=\"_ _7\"></span>ble amo<span class=\"_ _7\"></span>unt, but only to the ex<span class=\"_ _7\"></span>tent that the in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>ed car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying amo<span class=\"_ _7\"></span>unt doe<span class=\"_ _7\"></span>s not ex<span class=\"_ _9\"></span>ce<span class=\"_ _7\"></span>ed the c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng amou<span class=\"_ _7\"></span>nt that would <span class=\"ls8 ws4\"> </span>have bee<span class=\"_ _7\"></span>n determ<span class=\"_ _7\"></span>ined had n<span class=\"_ _7\"></span>o impai<span class=\"_ _7\"></span>rment l<span class=\"_ _7\"></span>oss be<span class=\"_ _7\"></span>en reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d for the as<span class=\"_ _7\"></span>set in pr<span class=\"_ _7\"></span>ior per<span class=\"_ _7\"></span>iods. A rever<span class=\"_ _7\"></span>sal of an impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt loss i<span class=\"_ _7\"></span>s recog<span class=\"_ _7\"></span>nised a<span class=\"_ _7\"></span>s incom<span class=\"_ _7\"></span>e imme<span class=\"_ _7\"></span>diately<span class=\"_ _9\"></span>. Impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt loss<span class=\"_ _7\"></span>es reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in res<span class=\"_ _7\"></span>pect of go<span class=\"_ _7\"></span>odwil<span class=\"_ _7\"></span>l are <span class=\"ls8 ws4\"> </span>not subsequent<span class=\"_ _9\"></span>ly reversed<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-499": {
   "value": "2.7 F<span class=\"_ _9\"></span>inancial as<span class=\"_ _7\"></span>sets and liabiliti<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span>The Group classifies it<span class=\"_ _9\"></span>s financial assets<span class=\"_ _9\"></span> in the f<span class=\"_ _9\"></span>ollowing<span class=\"_ _9\"></span> measurement cat<span class=\"_ _9\"></span>egories, which depends on t<span class=\"_ _9\"></span>he business mode<span class=\"_ _7\"></span>l for man<span class=\"_ _7\"></span>aging the fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>sets and the c<span class=\"_ _7\"></span>ontractu<span class=\"_ _7\"></span>al terms of the c<span class=\"_ _7\"></span>ash flows.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed cost: ass<span class=\"_ _7\"></span>ets that are he<span class=\"_ _7\"></span>ld for col<span class=\"_ _7\"></span>lectio<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span></span>of contrac<span class=\"_ _7\"></span>tual ca<span class=\"_ _7\"></span>sh flows wh<span class=\"_ _7\"></span>ere those c<span class=\"_ _7\"></span>ash flows repre<span class=\"_ _7\"></span>sent so<span class=\"_ _7\"></span>lely p<span class=\"_ _7\"></span>ayments of pr<span class=\"_ _7\"></span>incip<span class=\"_ _7\"></span>al and intere<span class=\"_ _7\"></span>st (SPPI<span class=\"_ _7\"></span>)<span class=\"_ _9\"></span>, <span class=\"_ _7\"></span>an<span class=\"_ _7\"></span>d th<span class=\"_ _7\"></span>at a<span class=\"_ _7\"></span>re not desi<span class=\"_ _7\"></span>gnated at fai<span class=\"_ _7\"></span>r value throu<span class=\"_ _7\"></span>gh pro<span class=\"_ _9\"></span>fit or loss (<span class=\"_ _9\"></span>F<span class=\"_ _7\"></span>VPL)<span class=\"_ _a\"></span>, are <span class=\"_ _7\"></span>meas<span class=\"_ _7\"></span>ured at <span class=\"_ _7\"></span>amor<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>. Interest i<span class=\"_ _7\"></span>ncome f<span class=\"_ _7\"></span>rom thes<span class=\"_ _7\"></span>e finan<span class=\"_ _7\"></span>cial as<span class=\"_ _7\"></span>sets is inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in interest i<span class=\"_ _7\"></span>ncom<span class=\"_ _7\"></span>e using the e<span class=\"_ _7\"></span>ffe<span class=\"_ _7\"></span>ctive intere<span class=\"_ _7\"></span>st rate method. Suc<span class=\"_ _7\"></span>h assets he<span class=\"_ _7\"></span>ld by the Group <span class=\"_ _9\"></span>include cash<span class=\"_ _9\"></span> and cash<span class=\"_ _9\"></span> equivalents<span class=\"_ _9\"></span>, receivables from<span class=\"_ _9\"></span> bro<span class=\"_ _7\"></span>kers, pre<span class=\"_ _7\"></span>payme<span class=\"_ _7\"></span>nts and accrued income<span class=\"_ _9\"></span>, r<span class=\"_ _9\"></span>eceivables and a<span class=\"_ _9\"></span>ccrued int<span class=\"_ _9\"></span>erest and<span class=\"_ _9\"></span> othe<span class=\"_ _7\"></span>r de<span class=\"_ _7\"></span>btors.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>F<span class=\"_ _9\"></span>air value t<span class=\"_ _9\"></span>hrough o<span class=\"_ _9\"></span>ther comprehensive<span class=\"_ _9\"></span> income (F<span class=\"_ _7\"></span>V<span class=\"_ _9\"></span>OCI)<span class=\"_ _9\"></span>:<span class=\"_ _9\"></span> </span>ass<span class=\"_ _7\"></span>ets that are he<span class=\"_ _7\"></span>ld for coll<span class=\"_ _7\"></span>ectio<span class=\"_ _7\"></span>n of contractu<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows and fo<span class=\"_ _7\"></span>r selli<span class=\"_ _7\"></span>ng the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets, and w<span class=\"_ _7\"></span>here the cas<span class=\"_ _7\"></span>h flows repre<span class=\"_ _7\"></span>sent SPPI, and that a<span class=\"_ _7\"></span>re not des<span class=\"_ _7\"></span>ignated <span class=\"ls8 ws4\"> </span>as F<span class=\"_ _7\"></span>VPL, are m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>red at F<span class=\"_ _7\"></span>VOCI. Movements i<span class=\"_ _7\"></span>n the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount a<span class=\"_ _7\"></span>re taken throu<span class=\"_ _7\"></span>gh OCI, except for the rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>tion of impai<span class=\"_ _7\"></span>rme<span class=\"_ _7\"></span>nt gains o<span class=\"_ _7\"></span>r losse<span class=\"_ _7\"></span>s, interest revenue a<span class=\"_ _7\"></span>nd forei<span class=\"_ _7\"></span>gn exchange g<span class=\"_ _7\"></span>ains a<span class=\"_ _7\"></span>nd loss<span class=\"_ _7\"></span>es whi<span class=\"_ _7\"></span>ch are rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed in profit o<span class=\"_ _7\"></span>r loss. W<span class=\"_ _7\"></span>hen the fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al ass<span class=\"_ _7\"></span>et is de<span class=\"_ _7\"></span>recog<span class=\"_ _7\"></span>nised, the c<span class=\"_ _7\"></span>umulati<span class=\"_ _7\"></span>ve gain or l<span class=\"_ _7\"></span>oss on the instrument\u2019<span class=\"_ _a\"></span>s amor<span class=\"_ _7\"></span>tised cost pr<span class=\"_ _9\"></span>eviously recognised in <span class=\"ls8 ws4\"> </span>OCI is re<span class=\"_ _7\"></span>clas<span class=\"_ _7\"></span>sifie<span class=\"_ _7\"></span>d from eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o profit o<span class=\"_ _7\"></span>r loss. Intere<span class=\"_ _7\"></span>st from th<span class=\"_ _7\"></span>ese fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets is i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>ed in intere<span class=\"_ _7\"></span>st inco<span class=\"_ _7\"></span>me usin<span class=\"_ _7\"></span>g the ef<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ve interest rate method. T<span class=\"_ _7\"></span>he Group d<span class=\"_ _7\"></span>oes not hold a<span class=\"_ _7\"></span>ny assets at F<span class=\"_ _7\"></span>VOCI a<span class=\"_ _7\"></span>s the busin<span class=\"_ _7\"></span>ess m<span class=\"_ _7\"></span>odel cri<span class=\"_ _7\"></span>teria are n<span class=\"_ _7\"></span>ot met.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Fair value thro<span class=\"_ _7\"></span>ugh profit or l<span class=\"_ _7\"></span>oss (F<span class=\"_ _7\"></span>VPL): assets th<span class=\"_ _7\"></span>at do </span>not mee<span class=\"_ _7\"></span>t the criter<span class=\"_ _7\"></span>ia for am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tised c<span class=\"_ _7\"></span>ost or F<span class=\"_ _7\"></span>VOCI are mea<span class=\"_ _7\"></span>sured at F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL. Assets ca<span class=\"_ _7\"></span>n also b<span class=\"_ _7\"></span>e desi<span class=\"_ _7\"></span>gnated <span class=\"ls8 ws4\"> </span>to FV<span class=\"_ _7\"></span>PL if in doin<span class=\"_ _7\"></span>g so it el<span class=\"_ _7\"></span>iminates, or si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>antly <span class=\"ls8 ws4\"> </span>redu<span class=\"_ _7\"></span>ces, an ac<span class=\"_ _7\"></span>counti<span class=\"_ _7\"></span>ng mismatch. Th<span class=\"_ _7\"></span>e gains o<span class=\"_ _7\"></span>r<span class=\"ls8 ws4\"> </span>los<span class=\"_ _7\"></span>ses ar<span class=\"_ _7\"></span>ising f<span class=\"_ _7\"></span>rom fair va<span class=\"_ _7\"></span>lue cha<span class=\"_ _7\"></span>nges o<span class=\"_ _7\"></span>n assets mea<span class=\"_ _7\"></span>sured at F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in profit or lo<span class=\"_ _7\"></span>ss <span class=\"ls8 ws4\"> </span>and p<span class=\"_ _7\"></span>resented w<span class=\"_ _7\"></span>ithin inves<span class=\"_ _7\"></span>tment res<span class=\"_ _7\"></span>ult in the p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span>in whi<span class=\"_ _7\"></span>ch they ar<span class=\"_ _7\"></span>ise. The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s inves<span class=\"_ _7\"></span>tment as<span class=\"_ _7\"></span>sets in <span class=\"ls8 ws4\"> </span>this ca<span class=\"_ _9\"></span>tegory include gov<span class=\"_ _9\"></span>ernme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span> bonds, corporat<span class=\"_ _9\"></span>e<span class=\"_ _9\"></span> bonds,<span class=\"_ _9\"></span> asset and mortgage-back<span class=\"_ _9\"></span>ed securities, o<span class=\"_ _9\"></span>ther<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>fixed income holdin<span class=\"_ _9\"></span>gs, equities,<span class=\"_ _9\"></span> investment<span class=\"_ _9\"></span> funds, insu<span class=\"_ _7\"></span>rance<span class=\"_ _7\"></span>-linked f<span class=\"_ _7\"></span>unds a<span class=\"_ _7\"></span>nd der<span class=\"_ _7\"></span>ivatives. A<span class=\"_ _7\"></span>ll these <span class=\"ls8 ws4\"> </span>ass<span class=\"_ _7\"></span>ets are at F<span class=\"_ _7\"></span>VPL be<span class=\"_ _7\"></span>cause of the b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss mo<span class=\"_ _7\"></span>del <span class=\"ls8 ws4\"> </span>test and th<span class=\"_ _7\"></span>e char<span class=\"_ _7\"></span>acteristi<span class=\"_ _7\"></span>cs of the ass<span class=\"_ _7\"></span>ociated <span class=\"ls8 ws4\"> </span>contr<span class=\"_ _9\"></span>actual cash<span class=\"_ _9\"></span> flows<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Recognition<span class=\"fc2 ls8 ws4\"> </span>The Group r<span class=\"_ _9\"></span>ecognises a financial asset or a<span class=\"_ _9\"></span> financial liability in its ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e sheet w<span class=\"_ _7\"></span>hen, and o<span class=\"_ _7\"></span>nly wh<span class=\"_ _7\"></span>en, it be<span class=\"_ _7\"></span>come<span class=\"_ _7\"></span>s a<span class=\"_ _304\"> </span>par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y to the contractu<span class=\"_ _7\"></span>al provis<span class=\"_ _7\"></span>ions of the in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nt. A<span class=\"_ _9\"></span>t ini<span class=\"_ _7\"></span>tial reco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n, the Group me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>s a finan<span class=\"_ _7\"></span>cial a<span class=\"_ _7\"></span>sset at its fa<span class=\"_ _7\"></span>ir value p<span class=\"_ _7\"></span>lus, in the c<span class=\"_ _7\"></span>ase of a fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>sset not at fa<span class=\"_ _7\"></span>ir value throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s, transa<span class=\"_ _7\"></span>ction co<span class=\"_ _7\"></span>sts that are inc<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>ntal and d<span class=\"_ _7\"></span>irectly at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e to the acquis<span class=\"_ _7\"></span>ition or is<span class=\"_ _7\"></span>sue of the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>sset. T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsactio<span class=\"_ _7\"></span>n costs of fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied <span class=\"ls8 ws4\"> </span>at F<span class=\"_ _7\"></span>VPL are exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>d in profit or lo<span class=\"_ _7\"></span>ss. (b<span class=\"_ _9\"></span>) Impairmen<span class=\"_ _9\"></span>t allow<span class=\"_ _9\"></span>ances<span class=\"_ _304\"> </span>An exp<span class=\"_ _7\"></span>ected cre<span class=\"_ _7\"></span>dit lo<span class=\"_ _7\"></span>ss (ECL) mod<span class=\"_ _7\"></span>el is ap<span class=\"_ _7\"></span>plica<span class=\"_ _7\"></span>ble for a<span class=\"_ _7\"></span>ll assets mea<span class=\"_ _7\"></span>sured at a<span class=\"_ _7\"></span>mor<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cost an<span class=\"_ _7\"></span>d F<span class=\"_ _7\"></span>V<span class=\"_ _9\"></span>OCI. T<span class=\"_ _7\"></span>he ass<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>ment of credi<span class=\"_ _7\"></span>t risk a<span class=\"_ _7\"></span>nd the es<span class=\"_ _7\"></span>timation of an ECL a<span class=\"_ _7\"></span>re unbi<span class=\"_ _7\"></span>ased, probability-<span class=\"_ _9\"></span>weight<span class=\"_ _9\"></span>ed and incorpora<span class=\"_ _9\"></span>te all<span class=\"_ _9\"></span> available<span class=\"_ _9\"></span> informati<span class=\"_ _9\"></span>on releva<span class=\"_ _7\"></span>nt t<span class=\"_ _9\"></span>o the a<span class=\"_ _7\"></span>sses<span class=\"_ _7\"></span>sme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, inc<span class=\"_ _7\"></span>ludin<span class=\"_ _7\"></span>g informati<span class=\"_ _7\"></span>on abou<span class=\"_ _7\"></span>t <span class=\"ls8 ws4\"> </span>past ev<span class=\"_ _9\"></span>ents<span class=\"_ _9\"></span>, current condit<span class=\"_ _9\"></span>ions and reasonable and<span class=\"_ _9\"></span> suppor<span class=\"_ _7\"></span>table f<span class=\"_ _9\"></span>orecasts o<span class=\"_ _9\"></span>f economic conditions<span class=\"_ _9\"></span> at the<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting date. The for<span class=\"_ _7\"></span>ward-l<span class=\"_ _7\"></span>ooki<span class=\"_ _7\"></span>ng aspe<span class=\"_ _7\"></span>ct of IFRS 9 <span class=\"ls8 ws4\"> </span>requ<span class=\"_ _7\"></span>ires jud<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt as to how chan<span class=\"_ _7\"></span>ges in e<span class=\"_ _7\"></span>cono<span class=\"_ _7\"></span>mic factors af<span class=\"_ _7\"></span>fect ECL<span class=\"_ _7\"></span>s. Impai<span class=\"_ _7\"></span>rment c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s are rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed in the <span class=\"ls8 ws4\"> </span>inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt withi<span class=\"_ _7\"></span>n operati<span class=\"_ _7\"></span>onal exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s.<span class=\"_ _9\"></span> The EC<span class=\"_ _7\"></span>L is a three<span class=\"_ _7\"></span>-stage mod<span class=\"_ _7\"></span>el bas<span class=\"_ _7\"></span>ed on for<span class=\"_ _7\"></span>ward-l<span class=\"_ _7\"></span>ooki<span class=\"_ _7\"></span>ng informat<span class=\"_ _9\"></span>ion regarding changes in credit quality since incept<span class=\"_ _9\"></span>ion.<span class=\"_ _9\"></span> Cred<span class=\"_ _7\"></span>it risk i<span class=\"_ _7\"></span>s meas<span class=\"_ _7\"></span>ured us<span class=\"_ _7\"></span>ing a proba<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y of defau<span class=\"_ _7\"></span>lt (PD)<span class=\"_ _9\"></span>; expos<span class=\"_ _7\"></span>ure at defau<span class=\"_ _7\"></span>lt (E<span class=\"_ _7\"></span>AD)<span class=\"_ _9\"></span>; and l<span class=\"_ _7\"></span>oss gi<span class=\"_ _7\"></span>ven defaul<span class=\"_ _7\"></span>t (L<span class=\"_ _9\"></span>GD) <span class=\"ls8 ws4\"> </span>as fo<span class=\"_ _7\"></span>llows.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>PD is an estim<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f the li<span class=\"_ _7\"></span>kelihoo<span class=\"_ _7\"></span>d of default of the a<span class=\"_ _7\"></span>sset. </span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>E<span class=\"_ _7\"></span>AD is a<span class=\"_ _7\"></span>n estimate of the expo<span class=\"_ _7\"></span>sure at that fu<span class=\"_ _7\"></span>ture defau<span class=\"_ _7\"></span>lt </span></span>date, takin<span class=\"_ _7\"></span>g into account ex<span class=\"_ _7\"></span>pected c<span class=\"_ _7\"></span>hange<span class=\"_ _7\"></span>s in the expos<span class=\"_ _7\"></span>ure af<span class=\"_ _7\"></span>ter the repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting date.<span class=\"_ _9\"></span> A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>L<span class=\"_ _9\"></span>GD is a<span class=\"_ _7\"></span>n estimate of the los<span class=\"_ _7\"></span>s aris<span class=\"_ _7\"></span>ing in the c<span class=\"_ _7\"></span>ase wh<span class=\"_ _7\"></span>ere a </span>defau<span class=\"_ _7\"></span>lt occu<span class=\"_ _7\"></span>rs at a give<span class=\"_ _7\"></span>n time. It is base<span class=\"_ _7\"></span>d on the di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> bet<span class=\"_ _7\"></span>ween the c<span class=\"_ _7\"></span>ontractu<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows due a<span class=\"_ _7\"></span>nd those that the Gro<span class=\"_ _7\"></span>up would exp<span class=\"_ _7\"></span>ect to rece<span class=\"_ _7\"></span>ive. It is usua<span class=\"_ _7\"></span>lly expre<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> as a pe<span class=\"_ _7\"></span>rcentag<span class=\"_ _7\"></span>e of the expos<span class=\"_ _7\"></span>ure at defaul<span class=\"_ _7\"></span>t.<span class=\"_ _304\"> </span>The th<span class=\"_ _7\"></span>ree stag<span class=\"_ _7\"></span>es of ECL are de<span class=\"_ _7\"></span>fined a<span class=\"_ _7\"></span>nd asse<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d as follows.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 1 \u2013 no s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e in credi<span class=\"_ _7\"></span>t risk s<span class=\"_ _7\"></span>ince </span>ince<span class=\"_ _7\"></span>ption, ECL is ca<span class=\"_ _7\"></span>lculated u<span class=\"_ _7\"></span>sing a 1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>-month PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 2 \u2013 a si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant inc<span class=\"_ _7\"></span>rease i<span class=\"_ _7\"></span>n credi<span class=\"_ _7\"></span>t risk si<span class=\"_ _7\"></span>nce </span>ince<span class=\"_ _7\"></span>ption, ECL is ca<span class=\"_ _7\"></span>lculated u<span class=\"_ _7\"></span>sing a lifeti<span class=\"_ _7\"></span>me PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 3 \u2013 c<span class=\"_ _7\"></span>redit im<span class=\"_ _7\"></span>paired, ECL is c<span class=\"_ _7\"></span>alcul<span class=\"_ _7\"></span>ated using <span class=\"ls8 ws4\"> </span></span>a lifetim<span class=\"_ _7\"></span>e PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt incre<span class=\"_ _7\"></span>ase in cre<span class=\"_ _7\"></span>dit ri<span class=\"_ _7\"></span>sk is con<span class=\"_ _7\"></span>side<span class=\"_ _7\"></span>red to have incurre<span class=\"_ _7\"></span>d whe<span class=\"_ _7\"></span>n payme<span class=\"_ _7\"></span>nts are 30 days pa<span class=\"_ _7\"></span>st due, or ea<span class=\"_ _7\"></span>rlie<span class=\"_ _7\"></span>r if other fac<span class=\"_ _7\"></span>tors indicat<span class=\"_ _9\"></span>e the risk has incr<span class=\"_ _9\"></span>eased significa<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ly since inception<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets a<span class=\"_ _7\"></span>re writ<span class=\"_ _7\"></span>ten of<span class=\"_ _7\"></span>f whe<span class=\"_ _7\"></span>n there is no re<span class=\"_ _7\"></span>ason<span class=\"_ _7\"></span>able expe<span class=\"_ _7\"></span>ctation of re<span class=\"_ _7\"></span>cover<span class=\"_ _7\"></span>y on a ca<span class=\"_ _7\"></span>se-by-cas<span class=\"_ _7\"></span>e basis.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>c) Derecognit<span class=\"_ _9\"></span>ion Financial assets<span class=\"_ _9\"></span> are derecognised when the<span class=\"_ _9\"></span> contract<span class=\"_ _9\"></span>ual rig<span class=\"_ _7\"></span>hts t<span class=\"_ _9\"></span>o rec<span class=\"_ _7\"></span>eive the c<span class=\"_ _7\"></span>ash flows f<span class=\"_ _7\"></span>rom the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets have expire<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span>; or th<span class=\"_ _7\"></span>ey have been tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>red and th<span class=\"_ _7\"></span>e Group tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> subs<span class=\"_ _7\"></span>tantial<span class=\"_ _7\"></span>ly all the r<span class=\"_ _7\"></span>isks an<span class=\"_ _7\"></span>d rewards of owner<span class=\"_ _7\"></span>ship; or they have bee<span class=\"_ _7\"></span>n transfe<span class=\"_ _7\"></span>rred a<span class=\"_ _7\"></span>nd the Grou<span class=\"_ _7\"></span>p neith<span class=\"_ _7\"></span>er trans<span class=\"_ _7\"></span>fers nor retain<span class=\"_ _7\"></span>s substa<span class=\"_ _7\"></span>ntiall<span class=\"_ _7\"></span>y all the ri<span class=\"_ _7\"></span>sks and reward<span class=\"_ _7\"></span>s of owners<span class=\"_ _7\"></span>hip an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> the Gro<span class=\"_ _7\"></span>up has not reta<span class=\"_ _7\"></span>ined c<span class=\"_ _7\"></span>ontrol. Any gai<span class=\"_ _7\"></span>n or loss a<span class=\"_ _7\"></span>risi<span class=\"_ _7\"></span>ng <span class=\"ls8 ws4\"> </span>from d<span class=\"_ _7\"></span>ereco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d direc<span class=\"_ _7\"></span>tly in profit or l<span class=\"_ _7\"></span>oss. <span class=\"ls8 ws4\"> </span>A financial liability is<span class=\"_ _9\"></span> derecognised when the obligat<span class=\"_ _9\"></span>ion under<span class=\"_ _9\"></span> that lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y is dis<span class=\"_ _7\"></span>charg<span class=\"_ _7\"></span>ed, canc<span class=\"_ _7\"></span>elle<span class=\"_ _7\"></span>d or expire<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>d) Inv<span class=\"_ _9\"></span>estment i<span class=\"_ _9\"></span>ncome<span class=\"_ _304\"> </span>The total g<span class=\"_ _7\"></span>ain/<span class=\"_ _7\"></span>loss f<span class=\"_ _7\"></span>rom fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets ca<span class=\"_ _7\"></span>rri<span class=\"_ _7\"></span>ed at fair va<span class=\"_ _7\"></span>lue throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s (F<span class=\"_ _7\"></span>VPL) is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed in profit o<span class=\"_ _7\"></span>r loss <span class=\"ls8 ws4\"> </span>and d<span class=\"_ _7\"></span>isclos<span class=\"_ _7\"></span>ed in the notes a<span class=\"_ _7\"></span>s investmen<span class=\"_ _7\"></span>t incom<span class=\"_ _7\"></span>e compr<span class=\"_ _7\"></span>ising int<span class=\"_ _9\"></span>erest<span class=\"_ _9\"></span> receiv<span class=\"_ _9\"></span>ed,<span class=\"_ _9\"></span> realised<span class=\"_ _9\"></span> gains/loss<span class=\"_ _9\"></span>es and unr<span class=\"_ _9\"></span>ealised<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>gains/los<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>e) Fi<span class=\"_ _9\"></span>nancial liabilities<span class=\"_ _304\"> </span>At<span class=\"_ _9\"></span> initial recognition<span class=\"_ _9\"></span>, the<span class=\"_ _9\"></span> Group classifies a financial l<span class=\"_ _9\"></span>iabilit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span> at fair va<span class=\"_ _7\"></span>lue and s<span class=\"_ _7\"></span>ubseq<span class=\"_ _7\"></span>uentl<span class=\"_ _7\"></span>y at amor<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cost us<span class=\"_ _7\"></span>ing the effective int<span class=\"_ _9\"></span>erest ra<span class=\"_ _9\"></span>te me<span class=\"_ _9\"></span>thod.<span class=\"_ _9\"></span> Financial liabilities mainly<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>include pa<span class=\"_ _9\"></span>yables t<span class=\"_ _9\"></span>o brok<span class=\"_ _9\"></span>erage cust<span class=\"_ _9\"></span>omers, short<span class=\"_ _9\"></span>-t<span class=\"_ _9\"></span>erm borrowings<span class=\"_ _9\"></span>, long-<span class=\"_ _9\"></span>term borrowings<span class=\"_ _9\"></span> and bonds pay<span class=\"_ _9\"></span>able.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>n all or p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>t of the cur<span class=\"_ _7\"></span>rent obli<span class=\"_ _7\"></span>gations of a fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l <span class=\"ls8 ws4\"> </span>lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y have bee<span class=\"_ _7\"></span>n disch<span class=\"_ _7\"></span>arge<span class=\"_ _7\"></span>d, t<span class=\"_ _9\"></span>he G<span class=\"_ _7\"></span>roup de<span class=\"_ _7\"></span>recog<span class=\"_ _7\"></span>nise<span class=\"_ _7\"></span>s the por<span class=\"_ _7\"></span>tion<span class=\"_ _9\"></span> of t<span class=\"_ _9\"></span>he financial liability or obligat<span class=\"_ _9\"></span>ion that<span class=\"_ _9\"></span> has been disc<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>d. The dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rence b<span class=\"_ _7\"></span>etwe<span class=\"_ _7\"></span>en the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g amou<span class=\"_ _7\"></span>nt of<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>the derecognised l<span class=\"_ _9\"></span>iability and the considerat<span class=\"_ _9\"></span>ion is recognised<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>in profit o<span class=\"_ _7\"></span>r loss.<span class=\"_ _304\"> </span>Der<span class=\"_ _7\"></span>ivative fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l liabi<span class=\"_ _7\"></span>lities a<span class=\"_ _7\"></span>re mea<span class=\"_ _7\"></span>sured at fa<span class=\"_ _7\"></span>ir value <span class=\"ls8 ws4\"> </span>throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s. All the re<span class=\"_ _7\"></span>lated real<span class=\"_ _7\"></span>ised an<span class=\"_ _7\"></span>d unrea<span class=\"_ _7\"></span>lised gai<span class=\"_ _7\"></span>ns or los<span class=\"_ _7\"></span>ses an<span class=\"_ _7\"></span>d transac<span class=\"_ _7\"></span>tion cos<span class=\"_ _7\"></span>ts are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in <span class=\"ls8 ws4\"> </span>profit<span class=\"_ _7\"></span> or los<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-481": {
   "value": "2.7 F<span class=\"_ _9\"></span>inancial as<span class=\"_ _7\"></span>sets and liabiliti<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span>The Group classifies it<span class=\"_ _9\"></span>s financial assets<span class=\"_ _9\"></span> in the f<span class=\"_ _9\"></span>ollowing<span class=\"_ _9\"></span> measurement cat<span class=\"_ _9\"></span>egories, which depends on t<span class=\"_ _9\"></span>he business mode<span class=\"_ _7\"></span>l for man<span class=\"_ _7\"></span>aging the fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>sets and the c<span class=\"_ _7\"></span>ontractu<span class=\"_ _7\"></span>al terms of the c<span class=\"_ _7\"></span>ash flows.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed cost: ass<span class=\"_ _7\"></span>ets that are he<span class=\"_ _7\"></span>ld for col<span class=\"_ _7\"></span>lectio<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span></span>of contrac<span class=\"_ _7\"></span>tual ca<span class=\"_ _7\"></span>sh flows wh<span class=\"_ _7\"></span>ere those c<span class=\"_ _7\"></span>ash flows repre<span class=\"_ _7\"></span>sent so<span class=\"_ _7\"></span>lely p<span class=\"_ _7\"></span>ayments of pr<span class=\"_ _7\"></span>incip<span class=\"_ _7\"></span>al and intere<span class=\"_ _7\"></span>st (SPPI<span class=\"_ _7\"></span>)<span class=\"_ _9\"></span>, <span class=\"_ _7\"></span>an<span class=\"_ _7\"></span>d th<span class=\"_ _7\"></span>at a<span class=\"_ _7\"></span>re not desi<span class=\"_ _7\"></span>gnated at fai<span class=\"_ _7\"></span>r value throu<span class=\"_ _7\"></span>gh pro<span class=\"_ _9\"></span>fit or loss (<span class=\"_ _9\"></span>F<span class=\"_ _7\"></span>VPL)<span class=\"_ _a\"></span>, are <span class=\"_ _7\"></span>meas<span class=\"_ _7\"></span>ured at <span class=\"_ _7\"></span>amor<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>. Interest i<span class=\"_ _7\"></span>ncome f<span class=\"_ _7\"></span>rom thes<span class=\"_ _7\"></span>e finan<span class=\"_ _7\"></span>cial as<span class=\"_ _7\"></span>sets is inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in interest i<span class=\"_ _7\"></span>ncom<span class=\"_ _7\"></span>e using the e<span class=\"_ _7\"></span>ffe<span class=\"_ _7\"></span>ctive intere<span class=\"_ _7\"></span>st rate method. Suc<span class=\"_ _7\"></span>h assets he<span class=\"_ _7\"></span>ld by the Group <span class=\"_ _9\"></span>include cash<span class=\"_ _9\"></span> and cash<span class=\"_ _9\"></span> equivalents<span class=\"_ _9\"></span>, receivables from<span class=\"_ _9\"></span> bro<span class=\"_ _7\"></span>kers, pre<span class=\"_ _7\"></span>payme<span class=\"_ _7\"></span>nts and accrued income<span class=\"_ _9\"></span>, r<span class=\"_ _9\"></span>eceivables and a<span class=\"_ _9\"></span>ccrued int<span class=\"_ _9\"></span>erest and<span class=\"_ _9\"></span> othe<span class=\"_ _7\"></span>r de<span class=\"_ _7\"></span>btors.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>F<span class=\"_ _9\"></span>air value t<span class=\"_ _9\"></span>hrough o<span class=\"_ _9\"></span>ther comprehensive<span class=\"_ _9\"></span> income (F<span class=\"_ _7\"></span>V<span class=\"_ _9\"></span>OCI)<span class=\"_ _9\"></span>:<span class=\"_ _9\"></span> </span>ass<span class=\"_ _7\"></span>ets that are he<span class=\"_ _7\"></span>ld for coll<span class=\"_ _7\"></span>ectio<span class=\"_ _7\"></span>n of contractu<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows and fo<span class=\"_ _7\"></span>r selli<span class=\"_ _7\"></span>ng the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets, and w<span class=\"_ _7\"></span>here the cas<span class=\"_ _7\"></span>h flows repre<span class=\"_ _7\"></span>sent SPPI, and that a<span class=\"_ _7\"></span>re not des<span class=\"_ _7\"></span>ignated <span class=\"ls8 ws4\"> </span>as F<span class=\"_ _7\"></span>VPL, are m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>red at F<span class=\"_ _7\"></span>VOCI. Movements i<span class=\"_ _7\"></span>n the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount a<span class=\"_ _7\"></span>re taken throu<span class=\"_ _7\"></span>gh OCI, except for the rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>tion of impai<span class=\"_ _7\"></span>rme<span class=\"_ _7\"></span>nt gains o<span class=\"_ _7\"></span>r losse<span class=\"_ _7\"></span>s, interest revenue a<span class=\"_ _7\"></span>nd forei<span class=\"_ _7\"></span>gn exchange g<span class=\"_ _7\"></span>ains a<span class=\"_ _7\"></span>nd loss<span class=\"_ _7\"></span>es whi<span class=\"_ _7\"></span>ch are rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed in profit o<span class=\"_ _7\"></span>r loss. W<span class=\"_ _7\"></span>hen the fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al ass<span class=\"_ _7\"></span>et is de<span class=\"_ _7\"></span>recog<span class=\"_ _7\"></span>nised, the c<span class=\"_ _7\"></span>umulati<span class=\"_ _7\"></span>ve gain or l<span class=\"_ _7\"></span>oss on the instrument\u2019<span class=\"_ _a\"></span>s amor<span class=\"_ _7\"></span>tised cost pr<span class=\"_ _9\"></span>eviously recognised in <span class=\"ls8 ws4\"> </span>OCI is re<span class=\"_ _7\"></span>clas<span class=\"_ _7\"></span>sifie<span class=\"_ _7\"></span>d from eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o profit o<span class=\"_ _7\"></span>r loss. Intere<span class=\"_ _7\"></span>st from th<span class=\"_ _7\"></span>ese fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets is i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>ed in intere<span class=\"_ _7\"></span>st inco<span class=\"_ _7\"></span>me usin<span class=\"_ _7\"></span>g the ef<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ve interest rate method. T<span class=\"_ _7\"></span>he Group d<span class=\"_ _7\"></span>oes not hold a<span class=\"_ _7\"></span>ny assets at F<span class=\"_ _7\"></span>VOCI a<span class=\"_ _7\"></span>s the busin<span class=\"_ _7\"></span>ess m<span class=\"_ _7\"></span>odel cri<span class=\"_ _7\"></span>teria are n<span class=\"_ _7\"></span>ot met.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Fair value thro<span class=\"_ _7\"></span>ugh profit or l<span class=\"_ _7\"></span>oss (F<span class=\"_ _7\"></span>VPL): assets th<span class=\"_ _7\"></span>at do </span>not mee<span class=\"_ _7\"></span>t the criter<span class=\"_ _7\"></span>ia for am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tised c<span class=\"_ _7\"></span>ost or F<span class=\"_ _7\"></span>VOCI are mea<span class=\"_ _7\"></span>sured at F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL. Assets ca<span class=\"_ _7\"></span>n also b<span class=\"_ _7\"></span>e desi<span class=\"_ _7\"></span>gnated <span class=\"ls8 ws4\"> </span>to FV<span class=\"_ _7\"></span>PL if in doin<span class=\"_ _7\"></span>g so it el<span class=\"_ _7\"></span>iminates, or si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>antly <span class=\"ls8 ws4\"> </span>redu<span class=\"_ _7\"></span>ces, an ac<span class=\"_ _7\"></span>counti<span class=\"_ _7\"></span>ng mismatch. Th<span class=\"_ _7\"></span>e gains o<span class=\"_ _7\"></span>r<span class=\"ls8 ws4\"> </span>los<span class=\"_ _7\"></span>ses ar<span class=\"_ _7\"></span>ising f<span class=\"_ _7\"></span>rom fair va<span class=\"_ _7\"></span>lue cha<span class=\"_ _7\"></span>nges o<span class=\"_ _7\"></span>n assets mea<span class=\"_ _7\"></span>sured at F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in profit or lo<span class=\"_ _7\"></span>ss <span class=\"ls8 ws4\"> </span>and p<span class=\"_ _7\"></span>resented w<span class=\"_ _7\"></span>ithin inves<span class=\"_ _7\"></span>tment res<span class=\"_ _7\"></span>ult in the p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span>in whi<span class=\"_ _7\"></span>ch they ar<span class=\"_ _7\"></span>ise. The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s inves<span class=\"_ _7\"></span>tment as<span class=\"_ _7\"></span>sets in <span class=\"ls8 ws4\"> </span>this ca<span class=\"_ _9\"></span>tegory include gov<span class=\"_ _9\"></span>ernme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span> bonds, corporat<span class=\"_ _9\"></span>e<span class=\"_ _9\"></span> bonds,<span class=\"_ _9\"></span> asset and mortgage-back<span class=\"_ _9\"></span>ed securities, o<span class=\"_ _9\"></span>ther<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>fixed income holdin<span class=\"_ _9\"></span>gs, equities,<span class=\"_ _9\"></span> investment<span class=\"_ _9\"></span> funds, insu<span class=\"_ _7\"></span>rance<span class=\"_ _7\"></span>-linked f<span class=\"_ _7\"></span>unds a<span class=\"_ _7\"></span>nd der<span class=\"_ _7\"></span>ivatives. A<span class=\"_ _7\"></span>ll these <span class=\"ls8 ws4\"> </span>ass<span class=\"_ _7\"></span>ets are at F<span class=\"_ _7\"></span>VPL be<span class=\"_ _7\"></span>cause of the b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss mo<span class=\"_ _7\"></span>del <span class=\"ls8 ws4\"> </span>test and th<span class=\"_ _7\"></span>e char<span class=\"_ _7\"></span>acteristi<span class=\"_ _7\"></span>cs of the ass<span class=\"_ _7\"></span>ociated <span class=\"ls8 ws4\"> </span>contr<span class=\"_ _9\"></span>actual cash<span class=\"_ _9\"></span> flows<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Recognition<span class=\"fc2 ls8 ws4\"> </span>The Group r<span class=\"_ _9\"></span>ecognises a financial asset or a<span class=\"_ _9\"></span> financial liability in its ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e sheet w<span class=\"_ _7\"></span>hen, and o<span class=\"_ _7\"></span>nly wh<span class=\"_ _7\"></span>en, it be<span class=\"_ _7\"></span>come<span class=\"_ _7\"></span>s a<span class=\"_ _304\"> </span>par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y to the contractu<span class=\"_ _7\"></span>al provis<span class=\"_ _7\"></span>ions of the in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nt. A<span class=\"_ _9\"></span>t ini<span class=\"_ _7\"></span>tial reco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n, the Group me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>s a finan<span class=\"_ _7\"></span>cial a<span class=\"_ _7\"></span>sset at its fa<span class=\"_ _7\"></span>ir value p<span class=\"_ _7\"></span>lus, in the c<span class=\"_ _7\"></span>ase of a fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>sset not at fa<span class=\"_ _7\"></span>ir value throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s, transa<span class=\"_ _7\"></span>ction co<span class=\"_ _7\"></span>sts that are inc<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>ntal and d<span class=\"_ _7\"></span>irectly at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e to the acquis<span class=\"_ _7\"></span>ition or is<span class=\"_ _7\"></span>sue of the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>sset. T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsactio<span class=\"_ _7\"></span>n costs of fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied <span class=\"ls8 ws4\"> </span>at F<span class=\"_ _7\"></span>VPL are exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>d in profit or lo<span class=\"_ _7\"></span>ss. (b<span class=\"_ _9\"></span>) Impairmen<span class=\"_ _9\"></span>t allow<span class=\"_ _9\"></span>ances<span class=\"_ _304\"> </span>An exp<span class=\"_ _7\"></span>ected cre<span class=\"_ _7\"></span>dit lo<span class=\"_ _7\"></span>ss (ECL) mod<span class=\"_ _7\"></span>el is ap<span class=\"_ _7\"></span>plica<span class=\"_ _7\"></span>ble for a<span class=\"_ _7\"></span>ll assets mea<span class=\"_ _7\"></span>sured at a<span class=\"_ _7\"></span>mor<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cost an<span class=\"_ _7\"></span>d F<span class=\"_ _7\"></span>V<span class=\"_ _9\"></span>OCI. T<span class=\"_ _7\"></span>he ass<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>ment of credi<span class=\"_ _7\"></span>t risk a<span class=\"_ _7\"></span>nd the es<span class=\"_ _7\"></span>timation of an ECL a<span class=\"_ _7\"></span>re unbi<span class=\"_ _7\"></span>ased, probability-<span class=\"_ _9\"></span>weight<span class=\"_ _9\"></span>ed and incorpora<span class=\"_ _9\"></span>te all<span class=\"_ _9\"></span> available<span class=\"_ _9\"></span> informati<span class=\"_ _9\"></span>on releva<span class=\"_ _7\"></span>nt t<span class=\"_ _9\"></span>o the a<span class=\"_ _7\"></span>sses<span class=\"_ _7\"></span>sme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, inc<span class=\"_ _7\"></span>ludin<span class=\"_ _7\"></span>g informati<span class=\"_ _7\"></span>on abou<span class=\"_ _7\"></span>t <span class=\"ls8 ws4\"> </span>past ev<span class=\"_ _9\"></span>ents<span class=\"_ _9\"></span>, current condit<span class=\"_ _9\"></span>ions and reasonable and<span class=\"_ _9\"></span> suppor<span class=\"_ _7\"></span>table f<span class=\"_ _9\"></span>orecasts o<span class=\"_ _9\"></span>f economic conditions<span class=\"_ _9\"></span> at the<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting date. The for<span class=\"_ _7\"></span>ward-l<span class=\"_ _7\"></span>ooki<span class=\"_ _7\"></span>ng aspe<span class=\"_ _7\"></span>ct of IFRS 9 <span class=\"ls8 ws4\"> </span>requ<span class=\"_ _7\"></span>ires jud<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt as to how chan<span class=\"_ _7\"></span>ges in e<span class=\"_ _7\"></span>cono<span class=\"_ _7\"></span>mic factors af<span class=\"_ _7\"></span>fect ECL<span class=\"_ _7\"></span>s. Impai<span class=\"_ _7\"></span>rment c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s are rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed in the <span class=\"ls8 ws4\"> </span>inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt withi<span class=\"_ _7\"></span>n operati<span class=\"_ _7\"></span>onal exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s.<span class=\"_ _9\"></span> The EC<span class=\"_ _7\"></span>L is a three<span class=\"_ _7\"></span>-stage mod<span class=\"_ _7\"></span>el bas<span class=\"_ _7\"></span>ed on for<span class=\"_ _7\"></span>ward-l<span class=\"_ _7\"></span>ooki<span class=\"_ _7\"></span>ng informat<span class=\"_ _9\"></span>ion regarding changes in credit quality since incept<span class=\"_ _9\"></span>ion.<span class=\"_ _9\"></span> Cred<span class=\"_ _7\"></span>it risk i<span class=\"_ _7\"></span>s meas<span class=\"_ _7\"></span>ured us<span class=\"_ _7\"></span>ing a proba<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y of defau<span class=\"_ _7\"></span>lt (PD)<span class=\"_ _9\"></span>; expos<span class=\"_ _7\"></span>ure at defau<span class=\"_ _7\"></span>lt (E<span class=\"_ _7\"></span>AD)<span class=\"_ _9\"></span>; and l<span class=\"_ _7\"></span>oss gi<span class=\"_ _7\"></span>ven defaul<span class=\"_ _7\"></span>t (L<span class=\"_ _9\"></span>GD) <span class=\"ls8 ws4\"> </span>as fo<span class=\"_ _7\"></span>llows.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>PD is an estim<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f the li<span class=\"_ _7\"></span>kelihoo<span class=\"_ _7\"></span>d of default of the a<span class=\"_ _7\"></span>sset. </span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>E<span class=\"_ _7\"></span>AD is a<span class=\"_ _7\"></span>n estimate of the expo<span class=\"_ _7\"></span>sure at that fu<span class=\"_ _7\"></span>ture defau<span class=\"_ _7\"></span>lt </span></span>date, takin<span class=\"_ _7\"></span>g into account ex<span class=\"_ _7\"></span>pected c<span class=\"_ _7\"></span>hange<span class=\"_ _7\"></span>s in the expos<span class=\"_ _7\"></span>ure af<span class=\"_ _7\"></span>ter the repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting date.<span class=\"_ _9\"></span> A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>L<span class=\"_ _9\"></span>GD is a<span class=\"_ _7\"></span>n estimate of the los<span class=\"_ _7\"></span>s aris<span class=\"_ _7\"></span>ing in the c<span class=\"_ _7\"></span>ase wh<span class=\"_ _7\"></span>ere a </span>defau<span class=\"_ _7\"></span>lt occu<span class=\"_ _7\"></span>rs at a give<span class=\"_ _7\"></span>n time. It is base<span class=\"_ _7\"></span>d on the di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> bet<span class=\"_ _7\"></span>ween the c<span class=\"_ _7\"></span>ontractu<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows due a<span class=\"_ _7\"></span>nd those that the Gro<span class=\"_ _7\"></span>up would exp<span class=\"_ _7\"></span>ect to rece<span class=\"_ _7\"></span>ive. It is usua<span class=\"_ _7\"></span>lly expre<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> as a pe<span class=\"_ _7\"></span>rcentag<span class=\"_ _7\"></span>e of the expos<span class=\"_ _7\"></span>ure at defaul<span class=\"_ _7\"></span>t.<span class=\"_ _304\"> </span>The th<span class=\"_ _7\"></span>ree stag<span class=\"_ _7\"></span>es of ECL are de<span class=\"_ _7\"></span>fined a<span class=\"_ _7\"></span>nd asse<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d as follows.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 1 \u2013 no s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e in credi<span class=\"_ _7\"></span>t risk s<span class=\"_ _7\"></span>ince </span>ince<span class=\"_ _7\"></span>ption, ECL is ca<span class=\"_ _7\"></span>lculated u<span class=\"_ _7\"></span>sing a 1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>-month PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 2 \u2013 a si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant inc<span class=\"_ _7\"></span>rease i<span class=\"_ _7\"></span>n credi<span class=\"_ _7\"></span>t risk si<span class=\"_ _7\"></span>nce </span>ince<span class=\"_ _7\"></span>ption, ECL is ca<span class=\"_ _7\"></span>lculated u<span class=\"_ _7\"></span>sing a lifeti<span class=\"_ _7\"></span>me PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 3 \u2013 c<span class=\"_ _7\"></span>redit im<span class=\"_ _7\"></span>paired, ECL is c<span class=\"_ _7\"></span>alcul<span class=\"_ _7\"></span>ated using <span class=\"ls8 ws4\"> </span></span>a lifetim<span class=\"_ _7\"></span>e PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt incre<span class=\"_ _7\"></span>ase in cre<span class=\"_ _7\"></span>dit ri<span class=\"_ _7\"></span>sk is con<span class=\"_ _7\"></span>side<span class=\"_ _7\"></span>red to have incurre<span class=\"_ _7\"></span>d whe<span class=\"_ _7\"></span>n payme<span class=\"_ _7\"></span>nts are 30 days pa<span class=\"_ _7\"></span>st due, or ea<span class=\"_ _7\"></span>rlie<span class=\"_ _7\"></span>r if other fac<span class=\"_ _7\"></span>tors indicat<span class=\"_ _9\"></span>e the risk has incr<span class=\"_ _9\"></span>eased significa<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ly since inception<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets a<span class=\"_ _7\"></span>re writ<span class=\"_ _7\"></span>ten of<span class=\"_ _7\"></span>f whe<span class=\"_ _7\"></span>n there is no re<span class=\"_ _7\"></span>ason<span class=\"_ _7\"></span>able expe<span class=\"_ _7\"></span>ctation of re<span class=\"_ _7\"></span>cover<span class=\"_ _7\"></span>y on a ca<span class=\"_ _7\"></span>se-by-cas<span class=\"_ _7\"></span>e basis.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>c) Derecognit<span class=\"_ _9\"></span>ion Financial assets<span class=\"_ _9\"></span> are derecognised when the<span class=\"_ _9\"></span> contract<span class=\"_ _9\"></span>ual rig<span class=\"_ _7\"></span>hts t<span class=\"_ _9\"></span>o rec<span class=\"_ _7\"></span>eive the c<span class=\"_ _7\"></span>ash flows f<span class=\"_ _7\"></span>rom the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets have expire<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span>; or th<span class=\"_ _7\"></span>ey have been tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>red and th<span class=\"_ _7\"></span>e Group tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> subs<span class=\"_ _7\"></span>tantial<span class=\"_ _7\"></span>ly all the r<span class=\"_ _7\"></span>isks an<span class=\"_ _7\"></span>d rewards of owner<span class=\"_ _7\"></span>ship; or they have bee<span class=\"_ _7\"></span>n transfe<span class=\"_ _7\"></span>rred a<span class=\"_ _7\"></span>nd the Grou<span class=\"_ _7\"></span>p neith<span class=\"_ _7\"></span>er trans<span class=\"_ _7\"></span>fers nor retain<span class=\"_ _7\"></span>s substa<span class=\"_ _7\"></span>ntiall<span class=\"_ _7\"></span>y all the ri<span class=\"_ _7\"></span>sks and reward<span class=\"_ _7\"></span>s of owners<span class=\"_ _7\"></span>hip an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> the Gro<span class=\"_ _7\"></span>up has not reta<span class=\"_ _7\"></span>ined c<span class=\"_ _7\"></span>ontrol. Any gai<span class=\"_ _7\"></span>n or loss a<span class=\"_ _7\"></span>risi<span class=\"_ _7\"></span>ng <span class=\"ls8 ws4\"> </span>from d<span class=\"_ _7\"></span>ereco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d direc<span class=\"_ _7\"></span>tly in profit or l<span class=\"_ _7\"></span>oss. <span class=\"ls8 ws4\"> </span>A financial liability is<span class=\"_ _9\"></span> derecognised when the obligat<span class=\"_ _9\"></span>ion under<span class=\"_ _9\"></span> that lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y is dis<span class=\"_ _7\"></span>charg<span class=\"_ _7\"></span>ed, canc<span class=\"_ _7\"></span>elle<span class=\"_ _7\"></span>d or expire<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>d) Inv<span class=\"_ _9\"></span>estment i<span class=\"_ _9\"></span>ncome<span class=\"_ _304\"> </span>The total g<span class=\"_ _7\"></span>ain/<span class=\"_ _7\"></span>loss f<span class=\"_ _7\"></span>rom fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets ca<span class=\"_ _7\"></span>rri<span class=\"_ _7\"></span>ed at fair va<span class=\"_ _7\"></span>lue throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s (F<span class=\"_ _7\"></span>VPL) is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed in profit o<span class=\"_ _7\"></span>r loss <span class=\"ls8 ws4\"> </span>and d<span class=\"_ _7\"></span>isclos<span class=\"_ _7\"></span>ed in the notes a<span class=\"_ _7\"></span>s investmen<span class=\"_ _7\"></span>t incom<span class=\"_ _7\"></span>e compr<span class=\"_ _7\"></span>ising int<span class=\"_ _9\"></span>erest<span class=\"_ _9\"></span> receiv<span class=\"_ _9\"></span>ed,<span class=\"_ _9\"></span> realised<span class=\"_ _9\"></span> gains/loss<span class=\"_ _9\"></span>es and unr<span class=\"_ _9\"></span>ealised<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>gains/los<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>e) Fi<span class=\"_ _9\"></span>nancial liabilities<span class=\"_ _304\"> </span>At<span class=\"_ _9\"></span> initial recognition<span class=\"_ _9\"></span>, the<span class=\"_ _9\"></span> Group classifies a financial l<span class=\"_ _9\"></span>iabilit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span> at fair va<span class=\"_ _7\"></span>lue and s<span class=\"_ _7\"></span>ubseq<span class=\"_ _7\"></span>uentl<span class=\"_ _7\"></span>y at amor<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cost us<span class=\"_ _7\"></span>ing the effective int<span class=\"_ _9\"></span>erest ra<span class=\"_ _9\"></span>te me<span class=\"_ _9\"></span>thod.<span class=\"_ _9\"></span> Financial liabilities mainly<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>include pa<span class=\"_ _9\"></span>yables t<span class=\"_ _9\"></span>o brok<span class=\"_ _9\"></span>erage cust<span class=\"_ _9\"></span>omers, short<span class=\"_ _9\"></span>-t<span class=\"_ _9\"></span>erm borrowings<span class=\"_ _9\"></span>, long-<span class=\"_ _9\"></span>term borrowings<span class=\"_ _9\"></span> and bonds pay<span class=\"_ _9\"></span>able.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>n all or p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>t of the cur<span class=\"_ _7\"></span>rent obli<span class=\"_ _7\"></span>gations of a fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l <span class=\"ls8 ws4\"> </span>lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y have bee<span class=\"_ _7\"></span>n disch<span class=\"_ _7\"></span>arge<span class=\"_ _7\"></span>d, t<span class=\"_ _9\"></span>he G<span class=\"_ _7\"></span>roup de<span class=\"_ _7\"></span>recog<span class=\"_ _7\"></span>nise<span class=\"_ _7\"></span>s the por<span class=\"_ _7\"></span>tion<span class=\"_ _9\"></span> of t<span class=\"_ _9\"></span>he financial liability or obligat<span class=\"_ _9\"></span>ion that<span class=\"_ _9\"></span> has been disc<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>d. The dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rence b<span class=\"_ _7\"></span>etwe<span class=\"_ _7\"></span>en the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g amou<span class=\"_ _7\"></span>nt of<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>the derecognised l<span class=\"_ _9\"></span>iability and the considerat<span class=\"_ _9\"></span>ion is recognised<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>in profit o<span class=\"_ _7\"></span>r loss.<span class=\"_ _304\"> </span>Der<span class=\"_ _7\"></span>ivative fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l liabi<span class=\"_ _7\"></span>lities a<span class=\"_ _7\"></span>re mea<span class=\"_ _7\"></span>sured at fa<span class=\"_ _7\"></span>ir value <span class=\"ls8 ws4\"> </span>throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s. All the re<span class=\"_ _7\"></span>lated real<span class=\"_ _7\"></span>ised an<span class=\"_ _7\"></span>d unrea<span class=\"_ _7\"></span>lised gai<span class=\"_ _7\"></span>ns or los<span class=\"_ _7\"></span>ses an<span class=\"_ _7\"></span>d transac<span class=\"_ _7\"></span>tion cos<span class=\"_ _7\"></span>ts are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in <span class=\"ls8 ws4\"> </span>profit<span class=\"_ _7\"></span> or los<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-417": {
   "value": "2.7 F<span class=\"_ _9\"></span>inancial as<span class=\"_ _7\"></span>sets and liabiliti<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span>The Group classifies it<span class=\"_ _9\"></span>s financial assets<span class=\"_ _9\"></span> in the f<span class=\"_ _9\"></span>ollowing<span class=\"_ _9\"></span> measurement cat<span class=\"_ _9\"></span>egories, which depends on t<span class=\"_ _9\"></span>he business mode<span class=\"_ _7\"></span>l for man<span class=\"_ _7\"></span>aging the fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>sets and the c<span class=\"_ _7\"></span>ontractu<span class=\"_ _7\"></span>al terms of the c<span class=\"_ _7\"></span>ash flows.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed cost: ass<span class=\"_ _7\"></span>ets that are he<span class=\"_ _7\"></span>ld for col<span class=\"_ _7\"></span>lectio<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span></span>of contrac<span class=\"_ _7\"></span>tual ca<span class=\"_ _7\"></span>sh flows wh<span class=\"_ _7\"></span>ere those c<span class=\"_ _7\"></span>ash flows repre<span class=\"_ _7\"></span>sent so<span class=\"_ _7\"></span>lely p<span class=\"_ _7\"></span>ayments of pr<span class=\"_ _7\"></span>incip<span class=\"_ _7\"></span>al and intere<span class=\"_ _7\"></span>st (SPPI<span class=\"_ _7\"></span>)<span class=\"_ _9\"></span>, <span class=\"_ _7\"></span>an<span class=\"_ _7\"></span>d th<span class=\"_ _7\"></span>at a<span class=\"_ _7\"></span>re not desi<span class=\"_ _7\"></span>gnated at fai<span class=\"_ _7\"></span>r value throu<span class=\"_ _7\"></span>gh pro<span class=\"_ _9\"></span>fit or loss (<span class=\"_ _9\"></span>F<span class=\"_ _7\"></span>VPL)<span class=\"_ _a\"></span>, are <span class=\"_ _7\"></span>meas<span class=\"_ _7\"></span>ured at <span class=\"_ _7\"></span>amor<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>. Interest i<span class=\"_ _7\"></span>ncome f<span class=\"_ _7\"></span>rom thes<span class=\"_ _7\"></span>e finan<span class=\"_ _7\"></span>cial as<span class=\"_ _7\"></span>sets is inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in interest i<span class=\"_ _7\"></span>ncom<span class=\"_ _7\"></span>e using the e<span class=\"_ _7\"></span>ffe<span class=\"_ _7\"></span>ctive intere<span class=\"_ _7\"></span>st rate method. Suc<span class=\"_ _7\"></span>h assets he<span class=\"_ _7\"></span>ld by the Group <span class=\"_ _9\"></span>include cash<span class=\"_ _9\"></span> and cash<span class=\"_ _9\"></span> equivalents<span class=\"_ _9\"></span>, receivables from<span class=\"_ _9\"></span> bro<span class=\"_ _7\"></span>kers, pre<span class=\"_ _7\"></span>payme<span class=\"_ _7\"></span>nts and accrued income<span class=\"_ _9\"></span>, r<span class=\"_ _9\"></span>eceivables and a<span class=\"_ _9\"></span>ccrued int<span class=\"_ _9\"></span>erest and<span class=\"_ _9\"></span> othe<span class=\"_ _7\"></span>r de<span class=\"_ _7\"></span>btors.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>F<span class=\"_ _9\"></span>air value t<span class=\"_ _9\"></span>hrough o<span class=\"_ _9\"></span>ther comprehensive<span class=\"_ _9\"></span> income (F<span class=\"_ _7\"></span>V<span class=\"_ _9\"></span>OCI)<span class=\"_ _9\"></span>:<span class=\"_ _9\"></span> </span>ass<span class=\"_ _7\"></span>ets that are he<span class=\"_ _7\"></span>ld for coll<span class=\"_ _7\"></span>ectio<span class=\"_ _7\"></span>n of contractu<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows and fo<span class=\"_ _7\"></span>r selli<span class=\"_ _7\"></span>ng the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets, and w<span class=\"_ _7\"></span>here the cas<span class=\"_ _7\"></span>h flows repre<span class=\"_ _7\"></span>sent SPPI, and that a<span class=\"_ _7\"></span>re not des<span class=\"_ _7\"></span>ignated <span class=\"ls8 ws4\"> </span>as F<span class=\"_ _7\"></span>VPL, are m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>red at F<span class=\"_ _7\"></span>VOCI. Movements i<span class=\"_ _7\"></span>n the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount a<span class=\"_ _7\"></span>re taken throu<span class=\"_ _7\"></span>gh OCI, except for the rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>tion of impai<span class=\"_ _7\"></span>rme<span class=\"_ _7\"></span>nt gains o<span class=\"_ _7\"></span>r losse<span class=\"_ _7\"></span>s, interest revenue a<span class=\"_ _7\"></span>nd forei<span class=\"_ _7\"></span>gn exchange g<span class=\"_ _7\"></span>ains a<span class=\"_ _7\"></span>nd loss<span class=\"_ _7\"></span>es whi<span class=\"_ _7\"></span>ch are rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed in profit o<span class=\"_ _7\"></span>r loss. W<span class=\"_ _7\"></span>hen the fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al ass<span class=\"_ _7\"></span>et is de<span class=\"_ _7\"></span>recog<span class=\"_ _7\"></span>nised, the c<span class=\"_ _7\"></span>umulati<span class=\"_ _7\"></span>ve gain or l<span class=\"_ _7\"></span>oss on the instrument\u2019<span class=\"_ _a\"></span>s amor<span class=\"_ _7\"></span>tised cost pr<span class=\"_ _9\"></span>eviously recognised in <span class=\"ls8 ws4\"> </span>OCI is re<span class=\"_ _7\"></span>clas<span class=\"_ _7\"></span>sifie<span class=\"_ _7\"></span>d from eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o profit o<span class=\"_ _7\"></span>r loss. Intere<span class=\"_ _7\"></span>st from th<span class=\"_ _7\"></span>ese fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets is i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>ed in intere<span class=\"_ _7\"></span>st inco<span class=\"_ _7\"></span>me usin<span class=\"_ _7\"></span>g the ef<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ve interest rate method. T<span class=\"_ _7\"></span>he Group d<span class=\"_ _7\"></span>oes not hold a<span class=\"_ _7\"></span>ny assets at F<span class=\"_ _7\"></span>VOCI a<span class=\"_ _7\"></span>s the busin<span class=\"_ _7\"></span>ess m<span class=\"_ _7\"></span>odel cri<span class=\"_ _7\"></span>teria are n<span class=\"_ _7\"></span>ot met.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Fair value thro<span class=\"_ _7\"></span>ugh profit or l<span class=\"_ _7\"></span>oss (F<span class=\"_ _7\"></span>VPL): assets th<span class=\"_ _7\"></span>at do </span>not mee<span class=\"_ _7\"></span>t the criter<span class=\"_ _7\"></span>ia for am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tised c<span class=\"_ _7\"></span>ost or F<span class=\"_ _7\"></span>VOCI are mea<span class=\"_ _7\"></span>sured at F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL. Assets ca<span class=\"_ _7\"></span>n also b<span class=\"_ _7\"></span>e desi<span class=\"_ _7\"></span>gnated <span class=\"ls8 ws4\"> </span>to FV<span class=\"_ _7\"></span>PL if in doin<span class=\"_ _7\"></span>g so it el<span class=\"_ _7\"></span>iminates, or si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>antly <span class=\"ls8 ws4\"> </span>redu<span class=\"_ _7\"></span>ces, an ac<span class=\"_ _7\"></span>counti<span class=\"_ _7\"></span>ng mismatch. Th<span class=\"_ _7\"></span>e gains o<span class=\"_ _7\"></span>r<span class=\"ls8 ws4\"> </span>los<span class=\"_ _7\"></span>ses ar<span class=\"_ _7\"></span>ising f<span class=\"_ _7\"></span>rom fair va<span class=\"_ _7\"></span>lue cha<span class=\"_ _7\"></span>nges o<span class=\"_ _7\"></span>n assets mea<span class=\"_ _7\"></span>sured at F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in profit or lo<span class=\"_ _7\"></span>ss <span class=\"ls8 ws4\"> </span>and p<span class=\"_ _7\"></span>resented w<span class=\"_ _7\"></span>ithin inves<span class=\"_ _7\"></span>tment res<span class=\"_ _7\"></span>ult in the p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span>in whi<span class=\"_ _7\"></span>ch they ar<span class=\"_ _7\"></span>ise. The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s inves<span class=\"_ _7\"></span>tment as<span class=\"_ _7\"></span>sets in <span class=\"ls8 ws4\"> </span>this ca<span class=\"_ _9\"></span>tegory include gov<span class=\"_ _9\"></span>ernme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span> bonds, corporat<span class=\"_ _9\"></span>e<span class=\"_ _9\"></span> bonds,<span class=\"_ _9\"></span> asset and mortgage-back<span class=\"_ _9\"></span>ed securities, o<span class=\"_ _9\"></span>ther<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>fixed income holdin<span class=\"_ _9\"></span>gs, equities,<span class=\"_ _9\"></span> investment<span class=\"_ _9\"></span> funds, insu<span class=\"_ _7\"></span>rance<span class=\"_ _7\"></span>-linked f<span class=\"_ _7\"></span>unds a<span class=\"_ _7\"></span>nd der<span class=\"_ _7\"></span>ivatives. A<span class=\"_ _7\"></span>ll these <span class=\"ls8 ws4\"> </span>ass<span class=\"_ _7\"></span>ets are at F<span class=\"_ _7\"></span>VPL be<span class=\"_ _7\"></span>cause of the b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss mo<span class=\"_ _7\"></span>del <span class=\"ls8 ws4\"> </span>test and th<span class=\"_ _7\"></span>e char<span class=\"_ _7\"></span>acteristi<span class=\"_ _7\"></span>cs of the ass<span class=\"_ _7\"></span>ociated <span class=\"ls8 ws4\"> </span>contr<span class=\"_ _9\"></span>actual cash<span class=\"_ _9\"></span> flows<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Recognition<span class=\"fc2 ls8 ws4\"> </span>The Group r<span class=\"_ _9\"></span>ecognises a financial asset or a<span class=\"_ _9\"></span> financial liability in its ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e sheet w<span class=\"_ _7\"></span>hen, and o<span class=\"_ _7\"></span>nly wh<span class=\"_ _7\"></span>en, it be<span class=\"_ _7\"></span>come<span class=\"_ _7\"></span>s a<span class=\"_ _304\"> </span>par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y to the contractu<span class=\"_ _7\"></span>al provis<span class=\"_ _7\"></span>ions of the in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nt. A<span class=\"_ _9\"></span>t ini<span class=\"_ _7\"></span>tial reco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n, the Group me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>s a finan<span class=\"_ _7\"></span>cial a<span class=\"_ _7\"></span>sset at its fa<span class=\"_ _7\"></span>ir value p<span class=\"_ _7\"></span>lus, in the c<span class=\"_ _7\"></span>ase of a fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>sset not at fa<span class=\"_ _7\"></span>ir value throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s, transa<span class=\"_ _7\"></span>ction co<span class=\"_ _7\"></span>sts that are inc<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>ntal and d<span class=\"_ _7\"></span>irectly at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e to the acquis<span class=\"_ _7\"></span>ition or is<span class=\"_ _7\"></span>sue of the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>sset. T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsactio<span class=\"_ _7\"></span>n costs of fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied <span class=\"ls8 ws4\"> </span>at F<span class=\"_ _7\"></span>VPL are exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>d in profit or lo<span class=\"_ _7\"></span>ss. (b<span class=\"_ _9\"></span>) Impairmen<span class=\"_ _9\"></span>t allow<span class=\"_ _9\"></span>ances<span class=\"_ _304\"> </span>An exp<span class=\"_ _7\"></span>ected cre<span class=\"_ _7\"></span>dit lo<span class=\"_ _7\"></span>ss (ECL) mod<span class=\"_ _7\"></span>el is ap<span class=\"_ _7\"></span>plica<span class=\"_ _7\"></span>ble for a<span class=\"_ _7\"></span>ll assets mea<span class=\"_ _7\"></span>sured at a<span class=\"_ _7\"></span>mor<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cost an<span class=\"_ _7\"></span>d F<span class=\"_ _7\"></span>V<span class=\"_ _9\"></span>OCI. T<span class=\"_ _7\"></span>he ass<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>ment of credi<span class=\"_ _7\"></span>t risk a<span class=\"_ _7\"></span>nd the es<span class=\"_ _7\"></span>timation of an ECL a<span class=\"_ _7\"></span>re unbi<span class=\"_ _7\"></span>ased, probability-<span class=\"_ _9\"></span>weight<span class=\"_ _9\"></span>ed and incorpora<span class=\"_ _9\"></span>te all<span class=\"_ _9\"></span> available<span class=\"_ _9\"></span> informati<span class=\"_ _9\"></span>on releva<span class=\"_ _7\"></span>nt t<span class=\"_ _9\"></span>o the a<span class=\"_ _7\"></span>sses<span class=\"_ _7\"></span>sme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, inc<span class=\"_ _7\"></span>ludin<span class=\"_ _7\"></span>g informati<span class=\"_ _7\"></span>on abou<span class=\"_ _7\"></span>t <span class=\"ls8 ws4\"> </span>past ev<span class=\"_ _9\"></span>ents<span class=\"_ _9\"></span>, current condit<span class=\"_ _9\"></span>ions and reasonable and<span class=\"_ _9\"></span> suppor<span class=\"_ _7\"></span>table f<span class=\"_ _9\"></span>orecasts o<span class=\"_ _9\"></span>f economic conditions<span class=\"_ _9\"></span> at the<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting date. The for<span class=\"_ _7\"></span>ward-l<span class=\"_ _7\"></span>ooki<span class=\"_ _7\"></span>ng aspe<span class=\"_ _7\"></span>ct of IFRS 9 <span class=\"ls8 ws4\"> </span>requ<span class=\"_ _7\"></span>ires jud<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt as to how chan<span class=\"_ _7\"></span>ges in e<span class=\"_ _7\"></span>cono<span class=\"_ _7\"></span>mic factors af<span class=\"_ _7\"></span>fect ECL<span class=\"_ _7\"></span>s. Impai<span class=\"_ _7\"></span>rment c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s are rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed in the <span class=\"ls8 ws4\"> </span>inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt withi<span class=\"_ _7\"></span>n operati<span class=\"_ _7\"></span>onal exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s.<span class=\"_ _9\"></span> The EC<span class=\"_ _7\"></span>L is a three<span class=\"_ _7\"></span>-stage mod<span class=\"_ _7\"></span>el bas<span class=\"_ _7\"></span>ed on for<span class=\"_ _7\"></span>ward-l<span class=\"_ _7\"></span>ooki<span class=\"_ _7\"></span>ng informat<span class=\"_ _9\"></span>ion regarding changes in credit quality since incept<span class=\"_ _9\"></span>ion.<span class=\"_ _9\"></span> Cred<span class=\"_ _7\"></span>it risk i<span class=\"_ _7\"></span>s meas<span class=\"_ _7\"></span>ured us<span class=\"_ _7\"></span>ing a proba<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y of defau<span class=\"_ _7\"></span>lt (PD)<span class=\"_ _9\"></span>; expos<span class=\"_ _7\"></span>ure at defau<span class=\"_ _7\"></span>lt (E<span class=\"_ _7\"></span>AD)<span class=\"_ _9\"></span>; and l<span class=\"_ _7\"></span>oss gi<span class=\"_ _7\"></span>ven defaul<span class=\"_ _7\"></span>t (L<span class=\"_ _9\"></span>GD) <span class=\"ls8 ws4\"> </span>as fo<span class=\"_ _7\"></span>llows.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>PD is an estim<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f the li<span class=\"_ _7\"></span>kelihoo<span class=\"_ _7\"></span>d of default of the a<span class=\"_ _7\"></span>sset. </span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>E<span class=\"_ _7\"></span>AD is a<span class=\"_ _7\"></span>n estimate of the expo<span class=\"_ _7\"></span>sure at that fu<span class=\"_ _7\"></span>ture defau<span class=\"_ _7\"></span>lt </span></span>date, takin<span class=\"_ _7\"></span>g into account ex<span class=\"_ _7\"></span>pected c<span class=\"_ _7\"></span>hange<span class=\"_ _7\"></span>s in the expos<span class=\"_ _7\"></span>ure af<span class=\"_ _7\"></span>ter the repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting date.<span class=\"_ _9\"></span> A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>L<span class=\"_ _9\"></span>GD is a<span class=\"_ _7\"></span>n estimate of the los<span class=\"_ _7\"></span>s aris<span class=\"_ _7\"></span>ing in the c<span class=\"_ _7\"></span>ase wh<span class=\"_ _7\"></span>ere a </span>defau<span class=\"_ _7\"></span>lt occu<span class=\"_ _7\"></span>rs at a give<span class=\"_ _7\"></span>n time. It is base<span class=\"_ _7\"></span>d on the di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> bet<span class=\"_ _7\"></span>ween the c<span class=\"_ _7\"></span>ontractu<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows due a<span class=\"_ _7\"></span>nd those that the Gro<span class=\"_ _7\"></span>up would exp<span class=\"_ _7\"></span>ect to rece<span class=\"_ _7\"></span>ive. It is usua<span class=\"_ _7\"></span>lly expre<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> as a pe<span class=\"_ _7\"></span>rcentag<span class=\"_ _7\"></span>e of the expos<span class=\"_ _7\"></span>ure at defaul<span class=\"_ _7\"></span>t.<span class=\"_ _304\"> </span>The th<span class=\"_ _7\"></span>ree stag<span class=\"_ _7\"></span>es of ECL are de<span class=\"_ _7\"></span>fined a<span class=\"_ _7\"></span>nd asse<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d as follows.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 1 \u2013 no s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e in credi<span class=\"_ _7\"></span>t risk s<span class=\"_ _7\"></span>ince </span>ince<span class=\"_ _7\"></span>ption, ECL is ca<span class=\"_ _7\"></span>lculated u<span class=\"_ _7\"></span>sing a 1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>-month PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 2 \u2013 a si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant inc<span class=\"_ _7\"></span>rease i<span class=\"_ _7\"></span>n credi<span class=\"_ _7\"></span>t risk si<span class=\"_ _7\"></span>nce </span>ince<span class=\"_ _7\"></span>ption, ECL is ca<span class=\"_ _7\"></span>lculated u<span class=\"_ _7\"></span>sing a lifeti<span class=\"_ _7\"></span>me PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 3 \u2013 c<span class=\"_ _7\"></span>redit im<span class=\"_ _7\"></span>paired, ECL is c<span class=\"_ _7\"></span>alcul<span class=\"_ _7\"></span>ated using <span class=\"ls8 ws4\"> </span></span>a lifetim<span class=\"_ _7\"></span>e PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt incre<span class=\"_ _7\"></span>ase in cre<span class=\"_ _7\"></span>dit ri<span class=\"_ _7\"></span>sk is con<span class=\"_ _7\"></span>side<span class=\"_ _7\"></span>red to have incurre<span class=\"_ _7\"></span>d whe<span class=\"_ _7\"></span>n payme<span class=\"_ _7\"></span>nts are 30 days pa<span class=\"_ _7\"></span>st due, or ea<span class=\"_ _7\"></span>rlie<span class=\"_ _7\"></span>r if other fac<span class=\"_ _7\"></span>tors indicat<span class=\"_ _9\"></span>e the risk has incr<span class=\"_ _9\"></span>eased significa<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ly since inception<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets a<span class=\"_ _7\"></span>re writ<span class=\"_ _7\"></span>ten of<span class=\"_ _7\"></span>f whe<span class=\"_ _7\"></span>n there is no re<span class=\"_ _7\"></span>ason<span class=\"_ _7\"></span>able expe<span class=\"_ _7\"></span>ctation of re<span class=\"_ _7\"></span>cover<span class=\"_ _7\"></span>y on a ca<span class=\"_ _7\"></span>se-by-cas<span class=\"_ _7\"></span>e basis.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>c) Derecognit<span class=\"_ _9\"></span>ion Financial assets<span class=\"_ _9\"></span> are derecognised when the<span class=\"_ _9\"></span> contract<span class=\"_ _9\"></span>ual rig<span class=\"_ _7\"></span>hts t<span class=\"_ _9\"></span>o rec<span class=\"_ _7\"></span>eive the c<span class=\"_ _7\"></span>ash flows f<span class=\"_ _7\"></span>rom the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets have expire<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span>; or th<span class=\"_ _7\"></span>ey have been tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>red and th<span class=\"_ _7\"></span>e Group tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> subs<span class=\"_ _7\"></span>tantial<span class=\"_ _7\"></span>ly all the r<span class=\"_ _7\"></span>isks an<span class=\"_ _7\"></span>d rewards of owner<span class=\"_ _7\"></span>ship; or they have bee<span class=\"_ _7\"></span>n transfe<span class=\"_ _7\"></span>rred a<span class=\"_ _7\"></span>nd the Grou<span class=\"_ _7\"></span>p neith<span class=\"_ _7\"></span>er trans<span class=\"_ _7\"></span>fers nor retain<span class=\"_ _7\"></span>s substa<span class=\"_ _7\"></span>ntiall<span class=\"_ _7\"></span>y all the ri<span class=\"_ _7\"></span>sks and reward<span class=\"_ _7\"></span>s of owners<span class=\"_ _7\"></span>hip an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> the Gro<span class=\"_ _7\"></span>up has not reta<span class=\"_ _7\"></span>ined c<span class=\"_ _7\"></span>ontrol. Any gai<span class=\"_ _7\"></span>n or loss a<span class=\"_ _7\"></span>risi<span class=\"_ _7\"></span>ng <span class=\"ls8 ws4\"> </span>from d<span class=\"_ _7\"></span>ereco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d direc<span class=\"_ _7\"></span>tly in profit or l<span class=\"_ _7\"></span>oss. <span class=\"ls8 ws4\"> </span>A financial liability is<span class=\"_ _9\"></span> derecognised when the obligat<span class=\"_ _9\"></span>ion under<span class=\"_ _9\"></span> that lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y is dis<span class=\"_ _7\"></span>charg<span class=\"_ _7\"></span>ed, canc<span class=\"_ _7\"></span>elle<span class=\"_ _7\"></span>d or expire<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>d) Inv<span class=\"_ _9\"></span>estment i<span class=\"_ _9\"></span>ncome<span class=\"_ _304\"> </span>The total g<span class=\"_ _7\"></span>ain/<span class=\"_ _7\"></span>loss f<span class=\"_ _7\"></span>rom fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets ca<span class=\"_ _7\"></span>rri<span class=\"_ _7\"></span>ed at fair va<span class=\"_ _7\"></span>lue throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s (F<span class=\"_ _7\"></span>VPL) is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed in profit o<span class=\"_ _7\"></span>r loss <span class=\"ls8 ws4\"> </span>and d<span class=\"_ _7\"></span>isclos<span class=\"_ _7\"></span>ed in the notes a<span class=\"_ _7\"></span>s investmen<span class=\"_ _7\"></span>t incom<span class=\"_ _7\"></span>e compr<span class=\"_ _7\"></span>ising int<span class=\"_ _9\"></span>erest<span class=\"_ _9\"></span> receiv<span class=\"_ _9\"></span>ed,<span class=\"_ _9\"></span> realised<span class=\"_ _9\"></span> gains/loss<span class=\"_ _9\"></span>es and unr<span class=\"_ _9\"></span>ealised<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>gains/los<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>e) Fi<span class=\"_ _9\"></span>nancial liabilities<span class=\"_ _304\"> </span>At<span class=\"_ _9\"></span> initial recognition<span class=\"_ _9\"></span>, the<span class=\"_ _9\"></span> Group classifies a financial l<span class=\"_ _9\"></span>iabilit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span> at fair va<span class=\"_ _7\"></span>lue and s<span class=\"_ _7\"></span>ubseq<span class=\"_ _7\"></span>uentl<span class=\"_ _7\"></span>y at amor<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cost us<span class=\"_ _7\"></span>ing the effective int<span class=\"_ _9\"></span>erest ra<span class=\"_ _9\"></span>te me<span class=\"_ _9\"></span>thod.<span class=\"_ _9\"></span> Financial liabilities mainly<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>include pa<span class=\"_ _9\"></span>yables t<span class=\"_ _9\"></span>o brok<span class=\"_ _9\"></span>erage cust<span class=\"_ _9\"></span>omers, short<span class=\"_ _9\"></span>-t<span class=\"_ _9\"></span>erm borrowings<span class=\"_ _9\"></span>, long-<span class=\"_ _9\"></span>term borrowings<span class=\"_ _9\"></span> and bonds pay<span class=\"_ _9\"></span>able.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>n all or p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>t of the cur<span class=\"_ _7\"></span>rent obli<span class=\"_ _7\"></span>gations of a fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l <span class=\"ls8 ws4\"> </span>lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y have bee<span class=\"_ _7\"></span>n disch<span class=\"_ _7\"></span>arge<span class=\"_ _7\"></span>d, t<span class=\"_ _9\"></span>he G<span class=\"_ _7\"></span>roup de<span class=\"_ _7\"></span>recog<span class=\"_ _7\"></span>nise<span class=\"_ _7\"></span>s the por<span class=\"_ _7\"></span>tion<span class=\"_ _9\"></span> of t<span class=\"_ _9\"></span>he financial liability or obligat<span class=\"_ _9\"></span>ion that<span class=\"_ _9\"></span> has been disc<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>d. The dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rence b<span class=\"_ _7\"></span>etwe<span class=\"_ _7\"></span>en the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g amou<span class=\"_ _7\"></span>nt of<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>the derecognised l<span class=\"_ _9\"></span>iability and the considerat<span class=\"_ _9\"></span>ion is recognised<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>in profit o<span class=\"_ _7\"></span>r loss.<span class=\"_ _304\"> </span>Der<span class=\"_ _7\"></span>ivative fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l liabi<span class=\"_ _7\"></span>lities a<span class=\"_ _7\"></span>re mea<span class=\"_ _7\"></span>sured at fa<span class=\"_ _7\"></span>ir value <span class=\"ls8 ws4\"> </span>throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s. All the re<span class=\"_ _7\"></span>lated real<span class=\"_ _7\"></span>ised an<span class=\"_ _7\"></span>d unrea<span class=\"_ _7\"></span>lised gai<span class=\"_ _7\"></span>ns or los<span class=\"_ _7\"></span>ses an<span class=\"_ _7\"></span>d transac<span class=\"_ _7\"></span>tion cos<span class=\"_ _7\"></span>ts are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in <span class=\"ls8 ws4\"> </span>profit<span class=\"_ _7\"></span> or los<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-459": {
   "value": "The Group classifies it<span class=\"_ _9\"></span>s financial assets<span class=\"_ _9\"></span> in the f<span class=\"_ _9\"></span>ollowing<span class=\"_ _9\"></span> measurement cat<span class=\"_ _9\"></span>egories, which depends on t<span class=\"_ _9\"></span>he business mode<span class=\"_ _7\"></span>l for man<span class=\"_ _7\"></span>aging the fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>sets and the c<span class=\"_ _7\"></span>ontractu<span class=\"_ _7\"></span>al terms of the c<span class=\"_ _7\"></span>ash flows.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed cost: ass<span class=\"_ _7\"></span>ets that are he<span class=\"_ _7\"></span>ld for col<span class=\"_ _7\"></span>lectio<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span></span>of contrac<span class=\"_ _7\"></span>tual ca<span class=\"_ _7\"></span>sh flows wh<span class=\"_ _7\"></span>ere those c<span class=\"_ _7\"></span>ash flows repre<span class=\"_ _7\"></span>sent so<span class=\"_ _7\"></span>lely p<span class=\"_ _7\"></span>ayments of pr<span class=\"_ _7\"></span>incip<span class=\"_ _7\"></span>al and intere<span class=\"_ _7\"></span>st (SPPI<span class=\"_ _7\"></span>)<span class=\"_ _9\"></span>, <span class=\"_ _7\"></span>an<span class=\"_ _7\"></span>d th<span class=\"_ _7\"></span>at a<span class=\"_ _7\"></span>re not desi<span class=\"_ _7\"></span>gnated at fai<span class=\"_ _7\"></span>r value throu<span class=\"_ _7\"></span>gh pro<span class=\"_ _9\"></span>fit or loss (<span class=\"_ _9\"></span>F<span class=\"_ _7\"></span>VPL)<span class=\"_ _a\"></span>, are <span class=\"_ _7\"></span>meas<span class=\"_ _7\"></span>ured at <span class=\"_ _7\"></span>amor<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>. Interest i<span class=\"_ _7\"></span>ncome f<span class=\"_ _7\"></span>rom thes<span class=\"_ _7\"></span>e finan<span class=\"_ _7\"></span>cial as<span class=\"_ _7\"></span>sets is inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in interest i<span class=\"_ _7\"></span>ncom<span class=\"_ _7\"></span>e using the e<span class=\"_ _7\"></span>ffe<span class=\"_ _7\"></span>ctive intere<span class=\"_ _7\"></span>st rate method. Suc<span class=\"_ _7\"></span>h assets he<span class=\"_ _7\"></span>ld by the Group <span class=\"_ _9\"></span>include cash<span class=\"_ _9\"></span> and cash<span class=\"_ _9\"></span> equivalents<span class=\"_ _9\"></span>, receivables from<span class=\"_ _9\"></span> bro<span class=\"_ _7\"></span>kers, pre<span class=\"_ _7\"></span>payme<span class=\"_ _7\"></span>nts and accrued income<span class=\"_ _9\"></span>, r<span class=\"_ _9\"></span>eceivables and a<span class=\"_ _9\"></span>ccrued int<span class=\"_ _9\"></span>erest and<span class=\"_ _9\"></span> othe<span class=\"_ _7\"></span>r de<span class=\"_ _7\"></span>btors.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>F<span class=\"_ _9\"></span>air value t<span class=\"_ _9\"></span>hrough o<span class=\"_ _9\"></span>ther comprehensive<span class=\"_ _9\"></span> income (F<span class=\"_ _7\"></span>V<span class=\"_ _9\"></span>OCI)<span class=\"_ _9\"></span>:<span class=\"_ _9\"></span> </span>ass<span class=\"_ _7\"></span>ets that are he<span class=\"_ _7\"></span>ld for coll<span class=\"_ _7\"></span>ectio<span class=\"_ _7\"></span>n of contractu<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows and fo<span class=\"_ _7\"></span>r selli<span class=\"_ _7\"></span>ng the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets, and w<span class=\"_ _7\"></span>here the cas<span class=\"_ _7\"></span>h flows repre<span class=\"_ _7\"></span>sent SPPI, and that a<span class=\"_ _7\"></span>re not des<span class=\"_ _7\"></span>ignated <span class=\"ls8 ws4\"> </span>as F<span class=\"_ _7\"></span>VPL, are m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>red at F<span class=\"_ _7\"></span>VOCI. Movements i<span class=\"_ _7\"></span>n the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount a<span class=\"_ _7\"></span>re taken throu<span class=\"_ _7\"></span>gh OCI, except for the rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>tion of impai<span class=\"_ _7\"></span>rme<span class=\"_ _7\"></span>nt gains o<span class=\"_ _7\"></span>r losse<span class=\"_ _7\"></span>s, interest revenue a<span class=\"_ _7\"></span>nd forei<span class=\"_ _7\"></span>gn exchange g<span class=\"_ _7\"></span>ains a<span class=\"_ _7\"></span>nd loss<span class=\"_ _7\"></span>es whi<span class=\"_ _7\"></span>ch are rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed in profit o<span class=\"_ _7\"></span>r loss. W<span class=\"_ _7\"></span>hen the fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al ass<span class=\"_ _7\"></span>et is de<span class=\"_ _7\"></span>recog<span class=\"_ _7\"></span>nised, the c<span class=\"_ _7\"></span>umulati<span class=\"_ _7\"></span>ve gain or l<span class=\"_ _7\"></span>oss on the instrument\u2019<span class=\"_ _a\"></span>s amor<span class=\"_ _7\"></span>tised cost pr<span class=\"_ _9\"></span>eviously recognised in <span class=\"ls8 ws4\"> </span>OCI is re<span class=\"_ _7\"></span>clas<span class=\"_ _7\"></span>sifie<span class=\"_ _7\"></span>d from eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o profit o<span class=\"_ _7\"></span>r loss. Intere<span class=\"_ _7\"></span>st from th<span class=\"_ _7\"></span>ese fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets is i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>ed in intere<span class=\"_ _7\"></span>st inco<span class=\"_ _7\"></span>me usin<span class=\"_ _7\"></span>g the ef<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ve interest rate method. T<span class=\"_ _7\"></span>he Group d<span class=\"_ _7\"></span>oes not hold a<span class=\"_ _7\"></span>ny assets at F<span class=\"_ _7\"></span>VOCI a<span class=\"_ _7\"></span>s the busin<span class=\"_ _7\"></span>ess m<span class=\"_ _7\"></span>odel cri<span class=\"_ _7\"></span>teria are n<span class=\"_ _7\"></span>ot met.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Fair value thro<span class=\"_ _7\"></span>ugh profit or l<span class=\"_ _7\"></span>oss (F<span class=\"_ _7\"></span>VPL): assets th<span class=\"_ _7\"></span>at do </span>not mee<span class=\"_ _7\"></span>t the criter<span class=\"_ _7\"></span>ia for am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tised c<span class=\"_ _7\"></span>ost or F<span class=\"_ _7\"></span>VOCI are mea<span class=\"_ _7\"></span>sured at F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL. Assets ca<span class=\"_ _7\"></span>n also b<span class=\"_ _7\"></span>e desi<span class=\"_ _7\"></span>gnated <span class=\"ls8 ws4\"> </span>to FV<span class=\"_ _7\"></span>PL if in doin<span class=\"_ _7\"></span>g so it el<span class=\"_ _7\"></span>iminates, or si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>antly <span class=\"ls8 ws4\"> </span>redu<span class=\"_ _7\"></span>ces, an ac<span class=\"_ _7\"></span>counti<span class=\"_ _7\"></span>ng mismatch. Th<span class=\"_ _7\"></span>e gains o<span class=\"_ _7\"></span>r<span class=\"ls8 ws4\"> </span>los<span class=\"_ _7\"></span>ses ar<span class=\"_ _7\"></span>ising f<span class=\"_ _7\"></span>rom fair va<span class=\"_ _7\"></span>lue cha<span class=\"_ _7\"></span>nges o<span class=\"_ _7\"></span>n assets mea<span class=\"_ _7\"></span>sured at F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in profit or lo<span class=\"_ _7\"></span>ss <span class=\"ls8 ws4\"> </span>and p<span class=\"_ _7\"></span>resented w<span class=\"_ _7\"></span>ithin inves<span class=\"_ _7\"></span>tment res<span class=\"_ _7\"></span>ult in the p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span>in whi<span class=\"_ _7\"></span>ch they ar<span class=\"_ _7\"></span>ise. The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s inves<span class=\"_ _7\"></span>tment as<span class=\"_ _7\"></span>sets in <span class=\"ls8 ws4\"> </span>this ca<span class=\"_ _9\"></span>tegory include gov<span class=\"_ _9\"></span>ernme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span> bonds, corporat<span class=\"_ _9\"></span>e<span class=\"_ _9\"></span> bonds,<span class=\"_ _9\"></span> asset and mortgage-back<span class=\"_ _9\"></span>ed securities, o<span class=\"_ _9\"></span>ther<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>fixed income holdin<span class=\"_ _9\"></span>gs, equities,<span class=\"_ _9\"></span> investment<span class=\"_ _9\"></span> funds, insu<span class=\"_ _7\"></span>rance<span class=\"_ _7\"></span>-linked f<span class=\"_ _7\"></span>unds a<span class=\"_ _7\"></span>nd der<span class=\"_ _7\"></span>ivatives. A<span class=\"_ _7\"></span>ll these <span class=\"ls8 ws4\"> </span>ass<span class=\"_ _7\"></span>ets are at F<span class=\"_ _7\"></span>VPL be<span class=\"_ _7\"></span>cause of the b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss mo<span class=\"_ _7\"></span>del <span class=\"ls8 ws4\"> </span>test and th<span class=\"_ _7\"></span>e char<span class=\"_ _7\"></span>acteristi<span class=\"_ _7\"></span>cs of the ass<span class=\"_ _7\"></span>ociated <span class=\"ls8 ws4\"> </span>contr<span class=\"_ _9\"></span>actual cash<span class=\"_ _9\"></span> flows<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-493": {
   "value": "The Group classifies it<span class=\"_ _9\"></span>s financial assets<span class=\"_ _9\"></span> in the f<span class=\"_ _9\"></span>ollowing<span class=\"_ _9\"></span> measurement cat<span class=\"_ _9\"></span>egories, which depends on t<span class=\"_ _9\"></span>he business mode<span class=\"_ _7\"></span>l for man<span class=\"_ _7\"></span>aging the fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>sets and the c<span class=\"_ _7\"></span>ontractu<span class=\"_ _7\"></span>al terms of the c<span class=\"_ _7\"></span>ash flows.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed cost: ass<span class=\"_ _7\"></span>ets that are he<span class=\"_ _7\"></span>ld for col<span class=\"_ _7\"></span>lectio<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span></span>of contrac<span class=\"_ _7\"></span>tual ca<span class=\"_ _7\"></span>sh flows wh<span class=\"_ _7\"></span>ere those c<span class=\"_ _7\"></span>ash flows repre<span class=\"_ _7\"></span>sent so<span class=\"_ _7\"></span>lely p<span class=\"_ _7\"></span>ayments of pr<span class=\"_ _7\"></span>incip<span class=\"_ _7\"></span>al and intere<span class=\"_ _7\"></span>st (SPPI<span class=\"_ _7\"></span>)<span class=\"_ _9\"></span>, <span class=\"_ _7\"></span>an<span class=\"_ _7\"></span>d th<span class=\"_ _7\"></span>at a<span class=\"_ _7\"></span>re not desi<span class=\"_ _7\"></span>gnated at fai<span class=\"_ _7\"></span>r value throu<span class=\"_ _7\"></span>gh pro<span class=\"_ _9\"></span>fit or loss (<span class=\"_ _9\"></span>F<span class=\"_ _7\"></span>VPL)<span class=\"_ _a\"></span>, are <span class=\"_ _7\"></span>meas<span class=\"_ _7\"></span>ured at <span class=\"_ _7\"></span>amor<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>. Interest i<span class=\"_ _7\"></span>ncome f<span class=\"_ _7\"></span>rom thes<span class=\"_ _7\"></span>e finan<span class=\"_ _7\"></span>cial as<span class=\"_ _7\"></span>sets is inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in interest i<span class=\"_ _7\"></span>ncom<span class=\"_ _7\"></span>e using the e<span class=\"_ _7\"></span>ffe<span class=\"_ _7\"></span>ctive intere<span class=\"_ _7\"></span>st rate method. Suc<span class=\"_ _7\"></span>h assets he<span class=\"_ _7\"></span>ld by the Group <span class=\"_ _9\"></span>include cash<span class=\"_ _9\"></span> and cash<span class=\"_ _9\"></span> equivalents<span class=\"_ _9\"></span>, receivables from<span class=\"_ _9\"></span> bro<span class=\"_ _7\"></span>kers, pre<span class=\"_ _7\"></span>payme<span class=\"_ _7\"></span>nts and accrued income<span class=\"_ _9\"></span>, r<span class=\"_ _9\"></span>eceivables and a<span class=\"_ _9\"></span>ccrued int<span class=\"_ _9\"></span>erest and<span class=\"_ _9\"></span> othe<span class=\"_ _7\"></span>r de<span class=\"_ _7\"></span>btors.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>F<span class=\"_ _9\"></span>air value t<span class=\"_ _9\"></span>hrough o<span class=\"_ _9\"></span>ther comprehensive<span class=\"_ _9\"></span> income (F<span class=\"_ _7\"></span>V<span class=\"_ _9\"></span>OCI)<span class=\"_ _9\"></span>:<span class=\"_ _9\"></span> </span>ass<span class=\"_ _7\"></span>ets that are he<span class=\"_ _7\"></span>ld for coll<span class=\"_ _7\"></span>ectio<span class=\"_ _7\"></span>n of contractu<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows and fo<span class=\"_ _7\"></span>r selli<span class=\"_ _7\"></span>ng the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets, and w<span class=\"_ _7\"></span>here the cas<span class=\"_ _7\"></span>h flows repre<span class=\"_ _7\"></span>sent SPPI, and that a<span class=\"_ _7\"></span>re not des<span class=\"_ _7\"></span>ignated <span class=\"ls8 ws4\"> </span>as F<span class=\"_ _7\"></span>VPL, are m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>red at F<span class=\"_ _7\"></span>VOCI. Movements i<span class=\"_ _7\"></span>n the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount a<span class=\"_ _7\"></span>re taken throu<span class=\"_ _7\"></span>gh OCI, except for the rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>tion of impai<span class=\"_ _7\"></span>rme<span class=\"_ _7\"></span>nt gains o<span class=\"_ _7\"></span>r losse<span class=\"_ _7\"></span>s, interest revenue a<span class=\"_ _7\"></span>nd forei<span class=\"_ _7\"></span>gn exchange g<span class=\"_ _7\"></span>ains a<span class=\"_ _7\"></span>nd loss<span class=\"_ _7\"></span>es whi<span class=\"_ _7\"></span>ch are rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed in profit o<span class=\"_ _7\"></span>r loss. W<span class=\"_ _7\"></span>hen the fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al ass<span class=\"_ _7\"></span>et is de<span class=\"_ _7\"></span>recog<span class=\"_ _7\"></span>nised, the c<span class=\"_ _7\"></span>umulati<span class=\"_ _7\"></span>ve gain or l<span class=\"_ _7\"></span>oss on the instrument\u2019<span class=\"_ _a\"></span>s amor<span class=\"_ _7\"></span>tised cost pr<span class=\"_ _9\"></span>eviously recognised in <span class=\"ls8 ws4\"> </span>OCI is re<span class=\"_ _7\"></span>clas<span class=\"_ _7\"></span>sifie<span class=\"_ _7\"></span>d from eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o profit o<span class=\"_ _7\"></span>r loss. Intere<span class=\"_ _7\"></span>st from th<span class=\"_ _7\"></span>ese fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets is i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>ed in intere<span class=\"_ _7\"></span>st inco<span class=\"_ _7\"></span>me usin<span class=\"_ _7\"></span>g the ef<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ve interest rate method. T<span class=\"_ _7\"></span>he Group d<span class=\"_ _7\"></span>oes not hold a<span class=\"_ _7\"></span>ny assets at F<span class=\"_ _7\"></span>VOCI a<span class=\"_ _7\"></span>s the busin<span class=\"_ _7\"></span>ess m<span class=\"_ _7\"></span>odel cri<span class=\"_ _7\"></span>teria are n<span class=\"_ _7\"></span>ot met.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Fair value thro<span class=\"_ _7\"></span>ugh profit or l<span class=\"_ _7\"></span>oss (F<span class=\"_ _7\"></span>VPL): assets th<span class=\"_ _7\"></span>at do </span>not mee<span class=\"_ _7\"></span>t the criter<span class=\"_ _7\"></span>ia for am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tised c<span class=\"_ _7\"></span>ost or F<span class=\"_ _7\"></span>VOCI are mea<span class=\"_ _7\"></span>sured at F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL. Assets ca<span class=\"_ _7\"></span>n also b<span class=\"_ _7\"></span>e desi<span class=\"_ _7\"></span>gnated <span class=\"ls8 ws4\"> </span>to FV<span class=\"_ _7\"></span>PL if in doin<span class=\"_ _7\"></span>g so it el<span class=\"_ _7\"></span>iminates, or si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>antly <span class=\"ls8 ws4\"> </span>redu<span class=\"_ _7\"></span>ces, an ac<span class=\"_ _7\"></span>counti<span class=\"_ _7\"></span>ng mismatch. Th<span class=\"_ _7\"></span>e gains o<span class=\"_ _7\"></span>r<span class=\"ls8 ws4\"> </span>los<span class=\"_ _7\"></span>ses ar<span class=\"_ _7\"></span>ising f<span class=\"_ _7\"></span>rom fair va<span class=\"_ _7\"></span>lue cha<span class=\"_ _7\"></span>nges o<span class=\"_ _7\"></span>n assets mea<span class=\"_ _7\"></span>sured at F<span class=\"_ _7\"></span>V<span class=\"_ _7\"></span>PL are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in profit or lo<span class=\"_ _7\"></span>ss <span class=\"ls8 ws4\"> </span>and p<span class=\"_ _7\"></span>resented w<span class=\"_ _7\"></span>ithin inves<span class=\"_ _7\"></span>tment res<span class=\"_ _7\"></span>ult in the p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span>in whi<span class=\"_ _7\"></span>ch they ar<span class=\"_ _7\"></span>ise. The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s inves<span class=\"_ _7\"></span>tment as<span class=\"_ _7\"></span>sets in <span class=\"ls8 ws4\"> </span>this ca<span class=\"_ _9\"></span>tegory include gov<span class=\"_ _9\"></span>ernme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span> bonds, corporat<span class=\"_ _9\"></span>e<span class=\"_ _9\"></span> bonds,<span class=\"_ _9\"></span> asset and mortgage-back<span class=\"_ _9\"></span>ed securities, o<span class=\"_ _9\"></span>ther<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>fixed income holdin<span class=\"_ _9\"></span>gs, equities,<span class=\"_ _9\"></span> investment<span class=\"_ _9\"></span> funds, insu<span class=\"_ _7\"></span>rance<span class=\"_ _7\"></span>-linked f<span class=\"_ _7\"></span>unds a<span class=\"_ _7\"></span>nd der<span class=\"_ _7\"></span>ivatives. A<span class=\"_ _7\"></span>ll these <span class=\"ls8 ws4\"> </span>ass<span class=\"_ _7\"></span>ets are at F<span class=\"_ _7\"></span>VPL be<span class=\"_ _7\"></span>cause of the b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss mo<span class=\"_ _7\"></span>del <span class=\"ls8 ws4\"> </span>test and th<span class=\"_ _7\"></span>e char<span class=\"_ _7\"></span>acteristi<span class=\"_ _7\"></span>cs of the ass<span class=\"_ _7\"></span>ociated <span class=\"ls8 ws4\"> </span>contr<span class=\"_ _9\"></span>actual cash<span class=\"_ _9\"></span> flows<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-494": {
   "value": "(b<span class=\"_ _9\"></span>) Impairmen<span class=\"_ _9\"></span>t allow<span class=\"_ _9\"></span>ances<span class=\"_ _304\"> </span>An exp<span class=\"_ _7\"></span>ected cre<span class=\"_ _7\"></span>dit lo<span class=\"_ _7\"></span>ss (ECL) mod<span class=\"_ _7\"></span>el is ap<span class=\"_ _7\"></span>plica<span class=\"_ _7\"></span>ble for a<span class=\"_ _7\"></span>ll assets mea<span class=\"_ _7\"></span>sured at a<span class=\"_ _7\"></span>mor<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cost an<span class=\"_ _7\"></span>d F<span class=\"_ _7\"></span>V<span class=\"_ _9\"></span>OCI. T<span class=\"_ _7\"></span>he ass<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>ment of credi<span class=\"_ _7\"></span>t risk a<span class=\"_ _7\"></span>nd the es<span class=\"_ _7\"></span>timation of an ECL a<span class=\"_ _7\"></span>re unbi<span class=\"_ _7\"></span>ased, probability-<span class=\"_ _9\"></span>weight<span class=\"_ _9\"></span>ed and incorpora<span class=\"_ _9\"></span>te all<span class=\"_ _9\"></span> available<span class=\"_ _9\"></span> informati<span class=\"_ _9\"></span>on releva<span class=\"_ _7\"></span>nt t<span class=\"_ _9\"></span>o the a<span class=\"_ _7\"></span>sses<span class=\"_ _7\"></span>sme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, inc<span class=\"_ _7\"></span>ludin<span class=\"_ _7\"></span>g informati<span class=\"_ _7\"></span>on abou<span class=\"_ _7\"></span>t <span class=\"ls8 ws4\"> </span>past ev<span class=\"_ _9\"></span>ents<span class=\"_ _9\"></span>, current condit<span class=\"_ _9\"></span>ions and reasonable and<span class=\"_ _9\"></span> suppor<span class=\"_ _7\"></span>table f<span class=\"_ _9\"></span>orecasts o<span class=\"_ _9\"></span>f economic conditions<span class=\"_ _9\"></span> at the<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting date. The for<span class=\"_ _7\"></span>ward-l<span class=\"_ _7\"></span>ooki<span class=\"_ _7\"></span>ng aspe<span class=\"_ _7\"></span>ct of IFRS 9 <span class=\"ls8 ws4\"> </span>requ<span class=\"_ _7\"></span>ires jud<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt as to how chan<span class=\"_ _7\"></span>ges in e<span class=\"_ _7\"></span>cono<span class=\"_ _7\"></span>mic factors af<span class=\"_ _7\"></span>fect ECL<span class=\"_ _7\"></span>s. Impai<span class=\"_ _7\"></span>rment c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s are rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed in the <span class=\"ls8 ws4\"> </span>inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt withi<span class=\"_ _7\"></span>n operati<span class=\"_ _7\"></span>onal exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s.<span class=\"_ _9\"></span> The EC<span class=\"_ _7\"></span>L is a three<span class=\"_ _7\"></span>-stage mod<span class=\"_ _7\"></span>el bas<span class=\"_ _7\"></span>ed on for<span class=\"_ _7\"></span>ward-l<span class=\"_ _7\"></span>ooki<span class=\"_ _7\"></span>ng informat<span class=\"_ _9\"></span>ion regarding changes in credit quality since incept<span class=\"_ _9\"></span>ion.<span class=\"_ _9\"></span> Cred<span class=\"_ _7\"></span>it risk i<span class=\"_ _7\"></span>s meas<span class=\"_ _7\"></span>ured us<span class=\"_ _7\"></span>ing a proba<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y of defau<span class=\"_ _7\"></span>lt (PD)<span class=\"_ _9\"></span>; expos<span class=\"_ _7\"></span>ure at defau<span class=\"_ _7\"></span>lt (E<span class=\"_ _7\"></span>AD)<span class=\"_ _9\"></span>; and l<span class=\"_ _7\"></span>oss gi<span class=\"_ _7\"></span>ven defaul<span class=\"_ _7\"></span>t (L<span class=\"_ _9\"></span>GD) <span class=\"ls8 ws4\"> </span>as fo<span class=\"_ _7\"></span>llows.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>PD is an estim<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f the li<span class=\"_ _7\"></span>kelihoo<span class=\"_ _7\"></span>d of default of the a<span class=\"_ _7\"></span>sset. </span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>E<span class=\"_ _7\"></span>AD is a<span class=\"_ _7\"></span>n estimate of the expo<span class=\"_ _7\"></span>sure at that fu<span class=\"_ _7\"></span>ture defau<span class=\"_ _7\"></span>lt </span></span>date, takin<span class=\"_ _7\"></span>g into account ex<span class=\"_ _7\"></span>pected c<span class=\"_ _7\"></span>hange<span class=\"_ _7\"></span>s in the expos<span class=\"_ _7\"></span>ure af<span class=\"_ _7\"></span>ter the repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting date.<span class=\"_ _9\"></span> A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>L<span class=\"_ _9\"></span>GD is a<span class=\"_ _7\"></span>n estimate of the los<span class=\"_ _7\"></span>s aris<span class=\"_ _7\"></span>ing in the c<span class=\"_ _7\"></span>ase wh<span class=\"_ _7\"></span>ere a </span>defau<span class=\"_ _7\"></span>lt occu<span class=\"_ _7\"></span>rs at a give<span class=\"_ _7\"></span>n time. It is base<span class=\"_ _7\"></span>d on the di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> bet<span class=\"_ _7\"></span>ween the c<span class=\"_ _7\"></span>ontractu<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows due a<span class=\"_ _7\"></span>nd those that the Gro<span class=\"_ _7\"></span>up would exp<span class=\"_ _7\"></span>ect to rece<span class=\"_ _7\"></span>ive. It is usua<span class=\"_ _7\"></span>lly expre<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> as a pe<span class=\"_ _7\"></span>rcentag<span class=\"_ _7\"></span>e of the expos<span class=\"_ _7\"></span>ure at defaul<span class=\"_ _7\"></span>t.<span class=\"_ _304\"> </span>The th<span class=\"_ _7\"></span>ree stag<span class=\"_ _7\"></span>es of ECL are de<span class=\"_ _7\"></span>fined a<span class=\"_ _7\"></span>nd asse<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d as follows.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 1 \u2013 no s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e in credi<span class=\"_ _7\"></span>t risk s<span class=\"_ _7\"></span>ince </span>ince<span class=\"_ _7\"></span>ption, ECL is ca<span class=\"_ _7\"></span>lculated u<span class=\"_ _7\"></span>sing a 1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>-month PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 2 \u2013 a si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant inc<span class=\"_ _7\"></span>rease i<span class=\"_ _7\"></span>n credi<span class=\"_ _7\"></span>t risk si<span class=\"_ _7\"></span>nce </span>ince<span class=\"_ _7\"></span>ption, ECL is ca<span class=\"_ _7\"></span>lculated u<span class=\"_ _7\"></span>sing a lifeti<span class=\"_ _7\"></span>me PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>Stage 3 \u2013 c<span class=\"_ _7\"></span>redit im<span class=\"_ _7\"></span>paired, ECL is c<span class=\"_ _7\"></span>alcul<span class=\"_ _7\"></span>ated using <span class=\"ls8 ws4\"> </span></span>a lifetim<span class=\"_ _7\"></span>e PD<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt incre<span class=\"_ _7\"></span>ase in cre<span class=\"_ _7\"></span>dit ri<span class=\"_ _7\"></span>sk is con<span class=\"_ _7\"></span>side<span class=\"_ _7\"></span>red to have incurre<span class=\"_ _7\"></span>d whe<span class=\"_ _7\"></span>n payme<span class=\"_ _7\"></span>nts are 30 days pa<span class=\"_ _7\"></span>st due, or ea<span class=\"_ _7\"></span>rlie<span class=\"_ _7\"></span>r if other fac<span class=\"_ _7\"></span>tors indicat<span class=\"_ _9\"></span>e the risk has incr<span class=\"_ _9\"></span>eased significa<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ly since inception<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets a<span class=\"_ _7\"></span>re writ<span class=\"_ _7\"></span>ten of<span class=\"_ _7\"></span>f whe<span class=\"_ _7\"></span>n there is no re<span class=\"_ _7\"></span>ason<span class=\"_ _7\"></span>able expe<span class=\"_ _7\"></span>ctation of re<span class=\"_ _7\"></span>cover<span class=\"_ _7\"></span>y on a ca<span class=\"_ _7\"></span>se-by-cas<span class=\"_ _7\"></span>e basis.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-460": {
   "value": "(<span class=\"_ _9\"></span>c) Derecognit<span class=\"_ _9\"></span>ion Financial assets<span class=\"_ _9\"></span> are derecognised when the<span class=\"_ _9\"></span> contract<span class=\"_ _9\"></span>ual rig<span class=\"_ _7\"></span>hts t<span class=\"_ _9\"></span>o rec<span class=\"_ _7\"></span>eive the c<span class=\"_ _7\"></span>ash flows f<span class=\"_ _7\"></span>rom the fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets have expire<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span>; or th<span class=\"_ _7\"></span>ey have been tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>red and th<span class=\"_ _7\"></span>e Group tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> subs<span class=\"_ _7\"></span>tantial<span class=\"_ _7\"></span>ly all the r<span class=\"_ _7\"></span>isks an<span class=\"_ _7\"></span>d rewards of owner<span class=\"_ _7\"></span>ship; or they have bee<span class=\"_ _7\"></span>n transfe<span class=\"_ _7\"></span>rred a<span class=\"_ _7\"></span>nd the Grou<span class=\"_ _7\"></span>p neith<span class=\"_ _7\"></span>er trans<span class=\"_ _7\"></span>fers nor retain<span class=\"_ _7\"></span>s substa<span class=\"_ _7\"></span>ntiall<span class=\"_ _7\"></span>y all the ri<span class=\"_ _7\"></span>sks and reward<span class=\"_ _7\"></span>s of owners<span class=\"_ _7\"></span>hip an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> the Gro<span class=\"_ _7\"></span>up has not reta<span class=\"_ _7\"></span>ined c<span class=\"_ _7\"></span>ontrol. Any gai<span class=\"_ _7\"></span>n or loss a<span class=\"_ _7\"></span>risi<span class=\"_ _7\"></span>ng <span class=\"ls8 ws4\"> </span>from d<span class=\"_ _7\"></span>ereco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d direc<span class=\"_ _7\"></span>tly in profit or l<span class=\"_ _7\"></span>oss. <span class=\"ls8 ws4\"> </span>A financial liability is<span class=\"_ _9\"></span> derecognised when the obligat<span class=\"_ _9\"></span>ion under<span class=\"_ _9\"></span> that lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y is dis<span class=\"_ _7\"></span>charg<span class=\"_ _7\"></span>ed, canc<span class=\"_ _7\"></span>elle<span class=\"_ _7\"></span>d or expire<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>d) Inv<span class=\"_ _9\"></span>estment i<span class=\"_ _9\"></span>ncome<span class=\"_ _304\"> </span>The total g<span class=\"_ _7\"></span>ain/<span class=\"_ _7\"></span>loss f<span class=\"_ _7\"></span>rom fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets ca<span class=\"_ _7\"></span>rri<span class=\"_ _7\"></span>ed at fair va<span class=\"_ _7\"></span>lue throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s (F<span class=\"_ _7\"></span>VPL) is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed in profit o<span class=\"_ _7\"></span>r loss <span class=\"ls8 ws4\"> </span>and d<span class=\"_ _7\"></span>isclos<span class=\"_ _7\"></span>ed in the notes a<span class=\"_ _7\"></span>s investmen<span class=\"_ _7\"></span>t incom<span class=\"_ _7\"></span>e compr<span class=\"_ _7\"></span>ising int<span class=\"_ _9\"></span>erest<span class=\"_ _9\"></span> receiv<span class=\"_ _9\"></span>ed,<span class=\"_ _9\"></span> realised<span class=\"_ _9\"></span> gains/loss<span class=\"_ _9\"></span>es and unr<span class=\"_ _9\"></span>ealised<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>gains/los<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-418": {
   "value": "2.<span class=\"_ _7\"></span>8 Cas<span class=\"_ _7\"></span>h and c<span class=\"_ _7\"></span>ash e<span class=\"_ _7\"></span>quiva<span class=\"_ _7\"></span>lents<span class=\"_ _304\"> </span>The Group has<span class=\"_ _9\"></span> classified cash deposits and short<span class=\"_ _9\"></span>-t<span class=\"_ _9\"></span>erm <span class=\"ls8 ws4\"> </span>high<span class=\"_ _7\"></span>ly liqu<span class=\"_ _7\"></span>id investme<span class=\"_ _7\"></span>nts as cas<span class=\"_ _7\"></span>h and c<span class=\"_ _7\"></span>ash eq<span class=\"_ _7\"></span>uivale<span class=\"_ _7\"></span>nts.<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>The<span class=\"_ _7\"></span>se as<span class=\"_ _7\"></span>sets are read<span class=\"_ _7\"></span>ily conve<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tible into know<span class=\"_ _7\"></span>n amounts of <span class=\"ls8 ws4\"> </span>cas<span class=\"_ _7\"></span>h and are s<span class=\"_ _7\"></span>ubjec<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o in<span class=\"_ _7\"></span>conse<span class=\"_ _7\"></span>quenti<span class=\"_ _7\"></span>al cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n value. <span class=\"ls8 ws4\"> </span>Cash e<span class=\"_ _7\"></span>quiva<span class=\"_ _7\"></span>lents are fi<span class=\"_ _7\"></span>nanci<span class=\"_ _7\"></span>al investm<span class=\"_ _7\"></span>ents with l<span class=\"_ _7\"></span>ess tha<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span>three m<span class=\"_ _7\"></span>onths to maturit<span class=\"_ _7\"></span>y at the date of acqu<span class=\"_ _7\"></span>isitio<span class=\"_ _7\"></span>n.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-482": {
   "value": "2.9 Der<span class=\"_ _7\"></span>ivativ<span class=\"_ _9\"></span>e financial instrument<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>Der<span class=\"_ _7\"></span>ivatives a<span class=\"_ _7\"></span>re initia<span class=\"_ _7\"></span>lly rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed at fair va<span class=\"_ _7\"></span>lue on the d<span class=\"_ _7\"></span>ate on<span class=\"_ _9\"></span> whi<span class=\"_ _7\"></span>ch a der<span class=\"_ _7\"></span>ivative contr<span class=\"_ _7\"></span>act is entere<span class=\"_ _7\"></span>d into and are su<span class=\"_ _7\"></span>bsequ<span class=\"_ _7\"></span>ently value<span class=\"_ _7\"></span>d at fair val<span class=\"_ _7\"></span>ue at eac<span class=\"_ _7\"></span>h balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et date. F<span class=\"_ _9\"></span>ai<span class=\"_ _7\"></span>r value<span class=\"_ _7\"></span>s are obtai<span class=\"_ _7\"></span>ned from q<span class=\"_ _7\"></span>uoted mar<span class=\"_ _7\"></span>ket v<span class=\"_ _9\"></span>al<span class=\"_ _7\"></span>ues a<span class=\"_ _7\"></span>nd, if these a<span class=\"_ _7\"></span>re not availab<span class=\"_ _7\"></span>le, valuation<span class=\"_ _9\"></span> techniques including op<span class=\"_ _9\"></span>tion pricing models are used<span class=\"_ _9\"></span> as app<span class=\"_ _7\"></span>ropriate. The m<span class=\"_ _7\"></span>ethod of rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ing the res<span class=\"_ _7\"></span>ulting g<span class=\"_ _7\"></span>ain or los<span class=\"_ _7\"></span>s dep<span class=\"_ _7\"></span>ends o<span class=\"_ _7\"></span>n whethe<span class=\"_ _7\"></span>r the der<span class=\"_ _7\"></span>ivative is de<span class=\"_ _7\"></span>sign<span class=\"_ _7\"></span>ated as a hed<span class=\"_ _7\"></span>ging instr<span class=\"_ _7\"></span>ument a<span class=\"_ _7\"></span>nd, if so, the nature of the item be<span class=\"_ _7\"></span>ing he<span class=\"_ _7\"></span>dged. For der<span class=\"_ _7\"></span>ivatives n<span class=\"_ _7\"></span>ot formal<span class=\"_ _7\"></span>ly des<span class=\"_ _7\"></span>ignated as a h<span class=\"_ _7\"></span>edgin<span class=\"_ _7\"></span>g instru<span class=\"_ _7\"></span>ment, fair value c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>es are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised im<span class=\"_ _7\"></span>mediatel<span class=\"_ _7\"></span>y in the con<span class=\"_ _7\"></span>solid<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt. Change<span class=\"_ _7\"></span>s in the val<span class=\"_ _7\"></span>ue of der<span class=\"_ _7\"></span>ivatives an<span class=\"_ _7\"></span>d other<span class=\"_ _9\"></span> financial instruments<span class=\"_ _9\"></span> formally designat<span class=\"_ _9\"></span>ed as hedges of<span class=\"_ _9\"></span> net investme<span class=\"_ _7\"></span>nts in forei<span class=\"_ _7\"></span>gn ope<span class=\"_ _7\"></span>rations are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in th<span class=\"_ _7\"></span>e curre<span class=\"_ _7\"></span>ncy trans<span class=\"_ _7\"></span>lation res<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ve to the extent they a<span class=\"_ _7\"></span>re ef<span class=\"_ _7\"></span>fective; gain<span class=\"_ _7\"></span>s or loss<span class=\"_ _7\"></span>es relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o the i<span class=\"_ _7\"></span>nef<span class=\"_ _7\"></span>fective p<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tion of the he<span class=\"_ _7\"></span>dging i<span class=\"_ _7\"></span>nstrum<span class=\"_ _7\"></span>ents are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d imme<span class=\"_ _7\"></span>diately in th<span class=\"_ _7\"></span>e conso<span class=\"_ _7\"></span>lidated inc<span class=\"_ _7\"></span>ome statem<span class=\"_ _7\"></span>ent.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup had n<span class=\"_ _7\"></span>o deri<span class=\"_ _7\"></span>vative instru<span class=\"_ _7\"></span>ments d<span class=\"_ _7\"></span>esign<span class=\"_ _7\"></span>ated for hed<span class=\"_ _7\"></span>ge accounting during<span class=\"_ _9\"></span> the current and prior financial y<span class=\"_ _9\"></span>ear<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-461": {
   "value": "2.9 Der<span class=\"_ _7\"></span>ivativ<span class=\"_ _9\"></span>e financial instrument<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>Der<span class=\"_ _7\"></span>ivatives a<span class=\"_ _7\"></span>re initia<span class=\"_ _7\"></span>lly rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed at fair va<span class=\"_ _7\"></span>lue on the d<span class=\"_ _7\"></span>ate on<span class=\"_ _9\"></span> whi<span class=\"_ _7\"></span>ch a der<span class=\"_ _7\"></span>ivative contr<span class=\"_ _7\"></span>act is entere<span class=\"_ _7\"></span>d into and are su<span class=\"_ _7\"></span>bsequ<span class=\"_ _7\"></span>ently value<span class=\"_ _7\"></span>d at fair val<span class=\"_ _7\"></span>ue at eac<span class=\"_ _7\"></span>h balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et date. F<span class=\"_ _9\"></span>ai<span class=\"_ _7\"></span>r value<span class=\"_ _7\"></span>s are obtai<span class=\"_ _7\"></span>ned from q<span class=\"_ _7\"></span>uoted mar<span class=\"_ _7\"></span>ket v<span class=\"_ _9\"></span>al<span class=\"_ _7\"></span>ues a<span class=\"_ _7\"></span>nd, if these a<span class=\"_ _7\"></span>re not availab<span class=\"_ _7\"></span>le, valuation<span class=\"_ _9\"></span> techniques including op<span class=\"_ _9\"></span>tion pricing models are used<span class=\"_ _9\"></span> as app<span class=\"_ _7\"></span>ropriate. The m<span class=\"_ _7\"></span>ethod of rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ing the res<span class=\"_ _7\"></span>ulting g<span class=\"_ _7\"></span>ain or los<span class=\"_ _7\"></span>s dep<span class=\"_ _7\"></span>ends o<span class=\"_ _7\"></span>n whethe<span class=\"_ _7\"></span>r the der<span class=\"_ _7\"></span>ivative is de<span class=\"_ _7\"></span>sign<span class=\"_ _7\"></span>ated as a hed<span class=\"_ _7\"></span>ging instr<span class=\"_ _7\"></span>ument a<span class=\"_ _7\"></span>nd, if so, the nature of the item be<span class=\"_ _7\"></span>ing he<span class=\"_ _7\"></span>dged. For der<span class=\"_ _7\"></span>ivatives n<span class=\"_ _7\"></span>ot formal<span class=\"_ _7\"></span>ly des<span class=\"_ _7\"></span>ignated as a h<span class=\"_ _7\"></span>edgin<span class=\"_ _7\"></span>g instru<span class=\"_ _7\"></span>ment, fair value c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>es are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised im<span class=\"_ _7\"></span>mediatel<span class=\"_ _7\"></span>y in the con<span class=\"_ _7\"></span>solid<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt. Change<span class=\"_ _7\"></span>s in the val<span class=\"_ _7\"></span>ue of der<span class=\"_ _7\"></span>ivatives an<span class=\"_ _7\"></span>d other<span class=\"_ _9\"></span> financial instruments<span class=\"_ _9\"></span> formally designat<span class=\"_ _9\"></span>ed as hedges of<span class=\"_ _9\"></span> net investme<span class=\"_ _7\"></span>nts in forei<span class=\"_ _7\"></span>gn ope<span class=\"_ _7\"></span>rations are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in th<span class=\"_ _7\"></span>e curre<span class=\"_ _7\"></span>ncy trans<span class=\"_ _7\"></span>lation res<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ve to the extent they a<span class=\"_ _7\"></span>re ef<span class=\"_ _7\"></span>fective; gain<span class=\"_ _7\"></span>s or loss<span class=\"_ _7\"></span>es relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o the i<span class=\"_ _7\"></span>nef<span class=\"_ _7\"></span>fective p<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tion of the he<span class=\"_ _7\"></span>dging i<span class=\"_ _7\"></span>nstrum<span class=\"_ _7\"></span>ents are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d imme<span class=\"_ _7\"></span>diately in th<span class=\"_ _7\"></span>e conso<span class=\"_ _7\"></span>lidated inc<span class=\"_ _7\"></span>ome statem<span class=\"_ _7\"></span>ent.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup had n<span class=\"_ _7\"></span>o deri<span class=\"_ _7\"></span>vative instru<span class=\"_ _7\"></span>ments d<span class=\"_ _7\"></span>esign<span class=\"_ _7\"></span>ated for hed<span class=\"_ _7\"></span>ge accounting during<span class=\"_ _9\"></span> the current and prior financial y<span class=\"_ _9\"></span>ear<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-419": {
   "value": "2.9 Der<span class=\"_ _7\"></span>ivativ<span class=\"_ _9\"></span>e financial instrument<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>Der<span class=\"_ _7\"></span>ivatives a<span class=\"_ _7\"></span>re initia<span class=\"_ _7\"></span>lly rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed at fair va<span class=\"_ _7\"></span>lue on the d<span class=\"_ _7\"></span>ate on<span class=\"_ _9\"></span> whi<span class=\"_ _7\"></span>ch a der<span class=\"_ _7\"></span>ivative contr<span class=\"_ _7\"></span>act is entere<span class=\"_ _7\"></span>d into and are su<span class=\"_ _7\"></span>bsequ<span class=\"_ _7\"></span>ently value<span class=\"_ _7\"></span>d at fair val<span class=\"_ _7\"></span>ue at eac<span class=\"_ _7\"></span>h balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et date. F<span class=\"_ _9\"></span>ai<span class=\"_ _7\"></span>r value<span class=\"_ _7\"></span>s are obtai<span class=\"_ _7\"></span>ned from q<span class=\"_ _7\"></span>uoted mar<span class=\"_ _7\"></span>ket v<span class=\"_ _9\"></span>al<span class=\"_ _7\"></span>ues a<span class=\"_ _7\"></span>nd, if these a<span class=\"_ _7\"></span>re not availab<span class=\"_ _7\"></span>le, valuation<span class=\"_ _9\"></span> techniques including op<span class=\"_ _9\"></span>tion pricing models are used<span class=\"_ _9\"></span> as app<span class=\"_ _7\"></span>ropriate. The m<span class=\"_ _7\"></span>ethod of rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ing the res<span class=\"_ _7\"></span>ulting g<span class=\"_ _7\"></span>ain or los<span class=\"_ _7\"></span>s dep<span class=\"_ _7\"></span>ends o<span class=\"_ _7\"></span>n whethe<span class=\"_ _7\"></span>r the der<span class=\"_ _7\"></span>ivative is de<span class=\"_ _7\"></span>sign<span class=\"_ _7\"></span>ated as a hed<span class=\"_ _7\"></span>ging instr<span class=\"_ _7\"></span>ument a<span class=\"_ _7\"></span>nd, if so, the nature of the item be<span class=\"_ _7\"></span>ing he<span class=\"_ _7\"></span>dged. For der<span class=\"_ _7\"></span>ivatives n<span class=\"_ _7\"></span>ot formal<span class=\"_ _7\"></span>ly des<span class=\"_ _7\"></span>ignated as a h<span class=\"_ _7\"></span>edgin<span class=\"_ _7\"></span>g instru<span class=\"_ _7\"></span>ment, fair value c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>es are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised im<span class=\"_ _7\"></span>mediatel<span class=\"_ _7\"></span>y in the con<span class=\"_ _7\"></span>solid<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt. Change<span class=\"_ _7\"></span>s in the val<span class=\"_ _7\"></span>ue of der<span class=\"_ _7\"></span>ivatives an<span class=\"_ _7\"></span>d other<span class=\"_ _9\"></span> financial instruments<span class=\"_ _9\"></span> formally designat<span class=\"_ _9\"></span>ed as hedges of<span class=\"_ _9\"></span> net investme<span class=\"_ _7\"></span>nts in forei<span class=\"_ _7\"></span>gn ope<span class=\"_ _7\"></span>rations are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in th<span class=\"_ _7\"></span>e curre<span class=\"_ _7\"></span>ncy trans<span class=\"_ _7\"></span>lation res<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ve to the extent they a<span class=\"_ _7\"></span>re ef<span class=\"_ _7\"></span>fective; gain<span class=\"_ _7\"></span>s or loss<span class=\"_ _7\"></span>es relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o the i<span class=\"_ _7\"></span>nef<span class=\"_ _7\"></span>fective p<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tion of the he<span class=\"_ _7\"></span>dging i<span class=\"_ _7\"></span>nstrum<span class=\"_ _7\"></span>ents are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d imme<span class=\"_ _7\"></span>diately in th<span class=\"_ _7\"></span>e conso<span class=\"_ _7\"></span>lidated inc<span class=\"_ _7\"></span>ome statem<span class=\"_ _7\"></span>ent.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup had n<span class=\"_ _7\"></span>o deri<span class=\"_ _7\"></span>vative instru<span class=\"_ _7\"></span>ments d<span class=\"_ _7\"></span>esign<span class=\"_ _7\"></span>ated for hed<span class=\"_ _7\"></span>ge accounting during<span class=\"_ _9\"></span> the current and prior financial y<span class=\"_ _9\"></span>ear<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-462": {
   "value": "2.<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>0 Own s<span class=\"_ _7\"></span>har<span class=\"_ _7\"></span>es<span class=\"_ _304\"> </span>Where any<span class=\"_ _9\"></span> Group company<span class=\"_ _9\"></span> purchases the P<span class=\"_ _9\"></span>arent Compan<span class=\"_ _9\"></span>y\u2019<span class=\"_ _a\"></span>s equ<span class=\"_ _7\"></span>ity s<span class=\"_ _7\"></span>hare ca<span class=\"_ _7\"></span>pita<span class=\"_ _7\"></span>l (<span class=\"_ _9\"></span>own sh<span class=\"_ _7\"></span>ares)<span class=\"_ _9\"></span>, the co<span class=\"_ _7\"></span>nside<span class=\"_ _7\"></span>ration pa<span class=\"_ _7\"></span>id,<span class=\"_ _9\"></span> incl<span class=\"_ _7\"></span>uding a<span class=\"_ _7\"></span>ny directl<span class=\"_ _7\"></span>y attri<span class=\"_ _7\"></span>butab<span class=\"_ _7\"></span>le incre<span class=\"_ _7\"></span>menta<span class=\"_ _7\"></span>l costs (net of inco<span class=\"_ _7\"></span>me ta<span class=\"_ _7\"></span>xes) is dedu<span class=\"_ _7\"></span>cted from e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble to the Company\u2019<span class=\"_ _a\"></span>s owners on<span class=\"_ _9\"></span> consolidation<span class=\"_ _9\"></span>. Where such shar<span class=\"_ _9\"></span>es are subs<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>ntly sold, re<span class=\"_ _7\"></span>issue<span class=\"_ _7\"></span>d or other<span class=\"_ _7\"></span>wi<span class=\"_ _7\"></span>se disp<span class=\"_ _7\"></span>osed of, any<span class=\"_ _9\"></span> cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>ation rec<span class=\"_ _7\"></span>eived is i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>ed in eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y attri<span class=\"_ _7\"></span>butab<span class=\"_ _7\"></span>le to the Com<span class=\"_ _7\"></span>pany\u2019<span class=\"_ _9\"></span>s owners, n<span class=\"_ _7\"></span>et of any direc<span class=\"_ _7\"></span>tly attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble inc<span class=\"_ _7\"></span>rement<span class=\"_ _7\"></span>al <span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>trans<span class=\"_ _7\"></span>action c<span class=\"_ _7\"></span>osts and th<span class=\"_ _7\"></span>e related ta<span class=\"_ _7\"></span>x ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>ts.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-463": {
   "value": "2.<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span> Insurance and reinsura<span class=\"_ _7\"></span>nce con<span class=\"_ _9\"></span>tract<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>The accounting polic<span class=\"_ _9\"></span>y set out below<span class=\"_ _9\"></span> is applicable to<span class=\"_ _9\"></span> insurance and re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts that are i<span class=\"_ _7\"></span>ssue<span class=\"_ _7\"></span>d by the Group <span class=\"ls8 ws4\"> </span>and reinsurance<span class=\"_ _9\"></span> contracts<span class=\"_ _9\"></span> held by<span class=\"_ _9\"></span> the Group unless<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>indicat<span class=\"_ _9\"></span>ed otherw<span class=\"_ _7\"></span>ise<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Classification<span class=\"_ _304\"> </span>Insurance cont<span class=\"_ _9\"></span>racts ar<span class=\"_ _9\"></span>e defined as t<span class=\"_ _9\"></span>hose containing si<span class=\"_ _9\"></span>gnificant insu<span class=\"_ _7\"></span>rance r<span class=\"_ _7\"></span>isk. Si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant insu<span class=\"_ _7\"></span>rance r<span class=\"_ _7\"></span>isk cr<span class=\"_ _7\"></span>iteria a<span class=\"_ _7\"></span>re met if,<span class=\"_ _9\"></span> and o<span class=\"_ _7\"></span>nly if, an insure<span class=\"_ _7\"></span>d event cou<span class=\"_ _7\"></span>ld caus<span class=\"_ _7\"></span>e an insu<span class=\"_ _7\"></span>rer to make significant additional pa<span class=\"_ _9\"></span>yments in an<span class=\"_ _9\"></span>y scenario, e<span class=\"_ _9\"></span>xcluding<span class=\"_ _9\"></span> sce<span class=\"_ _7\"></span>nari<span class=\"_ _7\"></span>os that lac<span class=\"_ _7\"></span>k comme<span class=\"_ _7\"></span>rcial s<span class=\"_ _7\"></span>ubsta<span class=\"_ _7\"></span>nce, at the ince<span class=\"_ _7\"></span>ption <span class=\"ls8 ws4\"> </span>of t<span class=\"_ _9\"></span>he contra<span class=\"_ _9\"></span>ct. Such<span class=\"_ _9\"></span> contract<span class=\"_ _9\"></span>s remain insurance<span class=\"_ _9\"></span> contracts<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>until al<span class=\"_ _7\"></span>l rights a<span class=\"_ _7\"></span>nd obli<span class=\"_ _7\"></span>gations a<span class=\"_ _7\"></span>re exting<span class=\"_ _7\"></span>uishe<span class=\"_ _7\"></span>d or expire.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup is<span class=\"_ _7\"></span>sues s<span class=\"_ _7\"></span>hor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-term ca<span class=\"_ _7\"></span>sualt<span class=\"_ _7\"></span>y an<span class=\"_ _7\"></span>d proper<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y <span class=\"ls8 ws4\"> </span>(r<span class=\"_ _9\"></span>e)in<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s in the<span class=\"_ _9\"></span> normal course of<span class=\"_ _9\"></span> business, und<span class=\"_ _7\"></span>er whic<span class=\"_ _7\"></span>h it acc<span class=\"_ _7\"></span>epts sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt insura<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk from i<span class=\"_ _7\"></span>ts<span class=\"_ _9\"></span> poli<span class=\"_ _7\"></span>cyhol<span class=\"_ _7\"></span>ders. T<span class=\"_ _7\"></span>he Grou<span class=\"_ _7\"></span>p also e<span class=\"_ _7\"></span>nters into cede<span class=\"_ _7\"></span>d reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> contra<span class=\"_ _7\"></span>cts with rei<span class=\"_ _7\"></span>nsurer<span class=\"_ _7\"></span>s, unde<span class=\"_ _7\"></span>r which th<span class=\"_ _7\"></span>e Group tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt insura<span class=\"_ _7\"></span>nce r<span class=\"_ _7\"></span>isk to reinsure<span class=\"_ _7\"></span>rs an<span class=\"_ _7\"></span>d is comp<span class=\"_ _7\"></span>ensated <span class=\"ls8 ws4\"> </span>for claims<span class=\"_ _9\"></span> on contract<span class=\"_ _9\"></span>s issued b<span class=\"_ _9\"></span>y the Group<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(b<span class=\"_ _9\"></span>) Separating<span class=\"_ _9\"></span> components<span class=\"_ _304\"> </span>The Group assesses its insurance and r<span class=\"_ _9\"></span>einsurance products<span class=\"_ _9\"></span> t<span class=\"_ _9\"></span>o determine<span class=\"_ _9\"></span> whether the<span class=\"_ _9\"></span>y contain dist<span class=\"_ _9\"></span>inct components<span class=\"_ _9\"></span> which must b<span class=\"_ _7\"></span>e accou<span class=\"_ _7\"></span>nted for unde<span class=\"_ _7\"></span>r anothe<span class=\"_ _7\"></span>r IFRS instead of un<span class=\"_ _7\"></span>der IFRS 1<span class=\"_ _a\"></span>7<span class=\"_ _20\"></span>. Af<span class=\"_ _7\"></span>ter se<span class=\"_ _7\"></span>paratin<span class=\"_ _7\"></span>g any distin<span class=\"_ _7\"></span>ct comp<span class=\"_ _7\"></span>onents, the G<span class=\"_ _7\"></span>roup app<span class=\"_ _7\"></span>lies IFR<span class=\"_ _7\"></span>S 1<span class=\"_ _a\"></span>7 t<span class=\"_ _9\"></span>o al<span class=\"_ _7\"></span>l remai<span class=\"_ _7\"></span>ning co<span class=\"_ _7\"></span>mpone<span class=\"_ _7\"></span>nts of the (host) insurance cont<span class=\"_ _9\"></span>ract<span class=\"_ _9\"></span>. Currently<span class=\"_ _a\"></span>, the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> products do<span class=\"_ _9\"></span> not<span class=\"_ _9\"></span> include any di<span class=\"_ _9\"></span>stinct components t<span class=\"_ _9\"></span>hat require<span class=\"_ _9\"></span> separation.<span class=\"_ _304\"> </span>Some reinsur<span class=\"_ _9\"></span>ance contract<span class=\"_ _9\"></span>s issued contain pr<span class=\"_ _9\"></span>ofit commission<span class=\"_ _9\"></span> arrangem<span class=\"_ _9\"></span>ents<span class=\"_ _9\"></span>. Under<span class=\"_ _9\"></span> these<span class=\"_ _9\"></span> arrangemen<span class=\"_ _9\"></span>ts<span class=\"_ _9\"></span>, th<span class=\"_ _9\"></span>ere is<span class=\"_ _9\"></span> a<span class=\"_ _9\"></span> guaranteed minimum<span class=\"_ _9\"></span> amount that t<span class=\"_ _9\"></span>he policyholder will alwa<span class=\"_ _9\"></span>ys receive \u2013<span class=\"_ _9\"></span> either in the<span class=\"_ _9\"></span> form of<span class=\"_ _9\"></span> profit commission<span class=\"_ _9\"></span>, or as clai<span class=\"_ _9\"></span>ms,<span class=\"_ _9\"></span> or an<span class=\"_ _7\"></span>other contr<span class=\"_ _7\"></span>actual pay<span class=\"_ _7\"></span>ment ir<span class=\"_ _7\"></span>respe<span class=\"_ _7\"></span>ctive of the in<span class=\"_ _7\"></span>sured event<span class=\"_ _9\"></span> happening. The guarant<span class=\"_ _9\"></span>eed minimum amounts ha<span class=\"_ _9\"></span>ve bee<span class=\"_ _7\"></span>n ass<span class=\"_ _7\"></span>esse<span class=\"_ _7\"></span>d to be highl<span class=\"_ _7\"></span>y interrel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed w<span class=\"_ _7\"></span>ith the ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e component of<span class=\"_ _9\"></span> the reinsur<span class=\"_ _9\"></span>ance contract<span class=\"_ _9\"></span>s and are<span class=\"_ _9\"></span>, there<span class=\"_ _9\"></span>fore<span class=\"_ _9\"></span>, non-distinct<span class=\"_ _9\"></span> investment<span class=\"_ _9\"></span> components which are no<span class=\"_ _9\"></span>t accounted<span class=\"_ _9\"></span> for se<span class=\"_ _7\"></span>parately<span class=\"_ _9\"></span>. However<span class=\"_ _a\"></span>, re<span class=\"_ _7\"></span>ceipts an<span class=\"_ _7\"></span>d paymen<span class=\"_ _7\"></span>ts of these inv<span class=\"_ _9\"></span>estment components<span class=\"_ _9\"></span> are ex<span class=\"_ _9\"></span>cluded from<span class=\"_ _9\"></span> insurance <span class=\"ls8 ws4\"> </span>service re<span class=\"_ _9\"></span>venue<span class=\"_ _9\"></span> and e<span class=\"_ _9\"></span>xpenses<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(c<span class=\"_ _9\"></span>) Level of agg<span class=\"_ _7\"></span>regation<span class=\"_ _304\"> </span>Insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts a<span class=\"_ _7\"></span>re aggreg<span class=\"_ _7\"></span>ated into groups for mea<span class=\"_ _7\"></span>surem<span class=\"_ _7\"></span>ent pur<span class=\"_ _7\"></span>pose<span class=\"_ _7\"></span>s. The leve<span class=\"_ _7\"></span>l of aggregati<span class=\"_ _7\"></span>on for the <span class=\"ls8 ws4\"> </span>Grou<span class=\"_ _7\"></span>p is determi<span class=\"_ _7\"></span>ned fir<span class=\"_ _7\"></span>stly by groupi<span class=\"_ _7\"></span>ng contra<span class=\"_ _7\"></span>cts into por<span class=\"_ _7\"></span>tfo<span class=\"_ _7\"></span>lios whi<span class=\"_ _7\"></span>ch, with som<span class=\"_ _7\"></span>e limited exceptio<span class=\"_ _7\"></span>ns, are set as the re<span class=\"_ _7\"></span>ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ing classes of each<span class=\"_ _9\"></span> legal entity<span class=\"_ _9\"></span>. P<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>tfolios comprise<span class=\"_ _9\"></span> groups o<span class=\"_ _9\"></span>f contra<span class=\"_ _7\"></span>cts with si<span class=\"_ _7\"></span>milar r<span class=\"_ _7\"></span>isks wh<span class=\"_ _7\"></span>ich are ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>og<span class=\"_ _7\"></span>ether<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> Portfolios are further divided based on e<span class=\"_ _9\"></span>xpected pro<span class=\"_ _9\"></span>fitability <span class=\"ls8 ws4\"> </span>at incep<span class=\"_ _9\"></span>tion int<span class=\"_ _9\"></span>o t<span class=\"_ _9\"></span>hree cat<span class=\"_ _9\"></span>egorie<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>: onerous<span class=\"_ _9\"></span> contracts<span class=\"_ _9\"></span>, <span class=\"ls8 ws4\"> </span>contract<span class=\"_ _9\"></span>s with no<span class=\"_ _9\"></span> significant risk o<span class=\"_ _9\"></span>f becoming onerous,<span class=\"_ _9\"></span> and<span class=\"ls8 ws4\"> </span>the rem<span class=\"_ _7\"></span>ainde<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>. No g<span class=\"_ _7\"></span>roup for level of ag<span class=\"_ _7\"></span>gregatio<span class=\"_ _7\"></span>n purp<span class=\"_ _7\"></span>oses <span class=\"ls8 ws4\"> </span>may cont<span class=\"_ _7\"></span>ain contr<span class=\"_ _7\"></span>acts issu<span class=\"_ _7\"></span>ed more th<span class=\"_ _7\"></span>an one ye<span class=\"_ _7\"></span>ar apa<span class=\"_ _7\"></span>rt. <span class=\"ls8 ws4\"> </span>The grouping<span class=\"_ _9\"></span> of cont<span class=\"_ _9\"></span>racts is<span class=\"_ _9\"></span> not subsequent<span class=\"_ _9\"></span>ly reconsidered.<span class=\"_ _304\"> </span>A group of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts is cons<span class=\"_ _7\"></span>idere<span class=\"_ _7\"></span>d to be onerou<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> at initi<span class=\"_ _7\"></span>al reco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n if the fu<span class=\"_ _7\"></span>lfilme<span class=\"_ _7\"></span>nt cash fl<span class=\"_ _7\"></span>ows alloc<span class=\"_ _7\"></span>ated to<span class=\"_ _9\"></span> that grou<span class=\"_ _7\"></span>p of contracts in total a<span class=\"_ _7\"></span>re a net out<span class=\"_ _7\"></span>flow<span class=\"_ _9\"></span>. That is i<span class=\"_ _7\"></span>f the pres<span class=\"_ _7\"></span>ent valu<span class=\"_ _7\"></span>e of expected c<span class=\"_ _7\"></span>laims, at<span class=\"_ _7\"></span>tribu<span class=\"_ _7\"></span>tabl<span class=\"_ _7\"></span>e expens<span class=\"_ _7\"></span>es and ris<span class=\"_ _7\"></span>k adjustm<span class=\"_ _7\"></span>ent exceed<span class=\"_ _7\"></span>s the premi<span class=\"_ _7\"></span>um.<span class=\"_ _304\"> </span>Por<span class=\"_ _7\"></span>tfol<span class=\"_ _7\"></span>ios of reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts held a<span class=\"_ _7\"></span>re asse<span class=\"_ _7\"></span>ssed fo<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> aggre<span class=\"_ _7\"></span>gation se<span class=\"_ _7\"></span>paratel<span class=\"_ _7\"></span>y from por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio<span class=\"_ _7\"></span>s of insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts issued. Rein<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s held cannot<span class=\"_ _9\"></span> be onerous.<span class=\"_ _9\"></span> (<span class=\"_ _9\"></span>d) Recognition and derecognit<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span>Grou<span class=\"_ _7\"></span>ps of insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts iss<span class=\"_ _7\"></span>ued are i<span class=\"_ _7\"></span>nitial<span class=\"_ _7\"></span>ly reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d from th<span class=\"_ _7\"></span>e earl<span class=\"_ _7\"></span>iest of the fo<span class=\"_ _7\"></span>llowing:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the beg<span class=\"_ _7\"></span>inning of the c<span class=\"_ _7\"></span>overage p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the date wh<span class=\"_ _7\"></span>en the fir<span class=\"_ _7\"></span>st payme<span class=\"_ _7\"></span>nt from the po<span class=\"_ _7\"></span>licyh<span class=\"_ _7\"></span>olde<span class=\"_ _7\"></span>r is </span></span>due, or ac<span class=\"_ _7\"></span>tually re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>ved if there i<span class=\"_ _7\"></span>s no due date; and A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>when th<span class=\"_ _7\"></span>e Group de<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>s that a group of c<span class=\"_ _7\"></span>ontracts </span>becomes onerous.<span class=\"_ _9\"></span> Insurance cont<span class=\"_ _9\"></span>racts a<span class=\"_ _9\"></span>cquired in a<span class=\"_ _9\"></span> business combination<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>withi<span class=\"_ _7\"></span>n the scop<span class=\"_ _7\"></span>e of IFRS 3 <span class=\"ff68 ls7c ws89\">Business Combinations</span><span class=\"ls8 wsb4\"> or a <span class=\"_ _7\"></span><span class=\"ws4\"> </span></span>por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio tra<span class=\"_ _7\"></span>nsfer are a<span class=\"_ _7\"></span>ccou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed fo<span class=\"_ _7\"></span>r as if they were e<span class=\"_ _7\"></span>ntered <span class=\"ls8 ws4\"> </span>into at the date of acquis<span class=\"_ _7\"></span>ition or tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> Rei<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts held a<span class=\"_ _7\"></span>re reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as follows:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>a group of rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contrac<span class=\"_ _7\"></span>ts held th<span class=\"_ _7\"></span>at provide </span>propo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tionate coverag<span class=\"_ _7\"></span>e is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d at the later of the follo<span class=\"_ _9\"></span>wing dat<span class=\"_ _9\"></span>es (unless underlying con<span class=\"_ _9\"></span>tracts<span class=\"_ _9\"></span> are onerous<span class=\"_ _9\"></span>, in which case earlier recognition is r<span class=\"_ _9\"></span>equired)<span class=\"_ _9\"></span>:  A<span class=\"ff5f ls77 ws41\"> <span class=\"_ _24\"></span>th<span class=\"_ _7\"></span>e begi<span class=\"_ _7\"></span>nning of the c<span class=\"_ _7\"></span>overage pe<span class=\"_ _7\"></span>rio<span class=\"_ _7\"></span>d of the group; and </span> A<span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>the initial r<span class=\"_ _9\"></span>ecognition of<span class=\"_ _9\"></span> any underlying <span class=\"ls8 ws4\"> </span></span>insurance co<span class=\"_ _7\"></span>ntract<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>all other g<span class=\"_ _7\"></span>roups of reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts held a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> </span>reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d from the b<span class=\"_ _7\"></span>egin<span class=\"_ _7\"></span>ning of the cover<span class=\"_ _7\"></span>age pe<span class=\"_ _7\"></span>riod <span class=\"ls8 ws4\"> </span>of t<span class=\"_ _9\"></span>he group o<span class=\"_ _9\"></span>f reinsurance<span class=\"_ _9\"></span> contracts<span class=\"_ _9\"></span> held;<span class=\"_ _9\"></span> unless the Grou<span class=\"_ _7\"></span>p entered into the rei<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce contr<span class=\"_ _7\"></span>act hel<span class=\"_ _7\"></span>d at or before the d<span class=\"_ _7\"></span>ate when an o<span class=\"_ _7\"></span>nerou<span class=\"_ _7\"></span>s group of und<span class=\"_ _7\"></span>erl<span class=\"_ _7\"></span>ying contra<span class=\"_ _7\"></span>cts is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d prio<span class=\"_ _7\"></span>r t<span class=\"_ _9\"></span>o the b<span class=\"_ _7\"></span>egin<span class=\"_ _7\"></span>ning of the coverag<span class=\"_ _7\"></span>e per<span class=\"_ _7\"></span>iod of the grou<span class=\"_ _7\"></span>p of reinsura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts hel<span class=\"_ _7\"></span>d, in which c<span class=\"_ _7\"></span>ase the re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntract he<span class=\"_ _7\"></span>ld is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d at the sa<span class=\"_ _7\"></span>me time as th<span class=\"_ _7\"></span>e group of und<span class=\"_ _7\"></span>erly<span class=\"_ _7\"></span>ing insurance cont<span class=\"_ _9\"></span>racts is<span class=\"_ _9\"></span> recognised.<span class=\"_ _304\"> </span>Onl<span class=\"_ _7\"></span>y contrac<span class=\"_ _7\"></span>ts that indi<span class=\"_ _7\"></span>vidua<span class=\"_ _7\"></span>lly me<span class=\"_ _7\"></span>et the rec<span class=\"_ _7\"></span>ognitio<span class=\"_ _7\"></span>n criter<span class=\"_ _7\"></span>ia by the end of the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d are incl<span class=\"_ _7\"></span>uded i<span class=\"_ _7\"></span>n the groups. When contract<span class=\"_ _9\"></span>s meet the<span class=\"_ _9\"></span> recognition crit<span class=\"_ _9\"></span>eria in the gr<span class=\"_ _9\"></span>oups after<span class=\"_ _9\"></span> the rep<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>ting date, they are adde<span class=\"_ _7\"></span>d to the groups in th<span class=\"_ _7\"></span>e repor<span class=\"_ _7\"></span>ting period in which t<span class=\"_ _9\"></span>hey meet t<span class=\"_ _9\"></span>he recognition crit<span class=\"_ _9\"></span>eria. Composition<span class=\"_ _9\"></span> of t<span class=\"_ _9\"></span>he groups is<span class=\"_ _9\"></span> not reassessed in subsequent periods.<span class=\"_ _304\"> </span>An in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>ct is dere<span class=\"_ _7\"></span>cog<span class=\"_ _7\"></span>nised w<span class=\"_ _7\"></span>hen it i<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>exting<span class=\"_ _7\"></span>uishe<span class=\"_ _7\"></span>d (that is, whe<span class=\"_ _7\"></span>n the obli<span class=\"_ _7\"></span>gation sp<span class=\"_ _7\"></span>ecifi<span class=\"_ _7\"></span>ed in the </span>insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontract exp<span class=\"_ _7\"></span>ires or i<span class=\"_ _7\"></span>s disch<span class=\"_ _7\"></span>arged o<span class=\"_ _7\"></span>r canc<span class=\"_ _7\"></span>elle<span class=\"_ _7\"></span>d)<span class=\"_ _9\"></span>; or<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the contrac<span class=\"_ _7\"></span>t is modi<span class=\"_ _7\"></span>fied suc<span class=\"_ _7\"></span>h that the mod<span class=\"_ _7\"></span>ificatio<span class=\"_ _7\"></span>n resul<span class=\"_ _7\"></span>ts<span class=\"_ _9\"></span> </span>in a cha<span class=\"_ _7\"></span>nge in th<span class=\"_ _7\"></span>e meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt mode<span class=\"_ _7\"></span>l, for example: GMM, o<span class=\"_ _7\"></span>r the appl<span class=\"_ _7\"></span>icab<span class=\"_ _7\"></span>le stand<span class=\"_ _7\"></span>ard for me<span class=\"_ _7\"></span>asur<span class=\"_ _7\"></span>ing a component of<span class=\"_ _9\"></span> the cont<span class=\"_ _9\"></span>ract,<span class=\"_ _9\"></span> substantially<span class=\"_ _9\"></span> changes the contract<span class=\"_ _9\"></span> boundar<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, or requir<span class=\"_ _9\"></span>es the modified cont<span class=\"_ _9\"></span>racts<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>to be inclu<span class=\"_ _7\"></span>ded in a di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferent g<span class=\"_ _7\"></span>roup.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>n a modi<span class=\"_ _7\"></span>fication i<span class=\"_ _7\"></span>s not treated as a de<span class=\"_ _7\"></span>recog<span class=\"_ _7\"></span>nition, the Gro<span class=\"_ _7\"></span>up reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>s amou<span class=\"_ _7\"></span>nts paid or re<span class=\"_ _7\"></span>ceive<span class=\"_ _7\"></span>d for the modi<span class=\"_ _7\"></span>fication of th<span class=\"_ _7\"></span>e contract a<span class=\"_ _7\"></span>s an adju<span class=\"_ _7\"></span>stment to the rel<span class=\"_ _7\"></span>evant liability or asset f<span class=\"_ _9\"></span>or remaining co<span class=\"_ _9\"></span>verage<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>n a group of ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts is dere<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised, adju<span class=\"_ _7\"></span>stments to remove related r<span class=\"_ _7\"></span>ights an<span class=\"_ _7\"></span>d oblig<span class=\"_ _7\"></span>ations res<span class=\"_ _7\"></span>ult in the foll<span class=\"_ _7\"></span>owing am<span class=\"_ _7\"></span>ounts be<span class=\"_ _7\"></span>ing cha<span class=\"_ _7\"></span>rged im<span class=\"_ _7\"></span>medi<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>el<span class=\"_ _7\"></span>y to the<span class=\"_ _9\"></span> cons<span class=\"_ _7\"></span>olidated i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>if the contr<span class=\"_ _7\"></span>act is ex<span class=\"_ _7\"></span>tinguis<span class=\"_ _7\"></span>hed, any net d<span class=\"_ _7\"></span>if<span class=\"_ _7\"></span>feren<span class=\"_ _7\"></span>ce bet<span class=\"_ _7\"></span>ween </span>the derecognised p<span class=\"_ _9\"></span>ar<span class=\"_ _7\"></span>t of<span class=\"_ _9\"></span> the liability for<span class=\"_ _9\"></span> remaining<span class=\"_ _304\"> </span>coverag<span class=\"_ _7\"></span>e (LRC) of the ori<span class=\"_ _7\"></span>ginal c<span class=\"_ _7\"></span>ontract a<span class=\"_ _7\"></span>nd any other <span class=\"ls8 ws4\"> </span>cash flows arising<span class=\"_ _9\"></span> from extinguishment<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>if the contr<span class=\"_ _7\"></span>act is trans<span class=\"_ _7\"></span>ferre<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o the thi<span class=\"_ _7\"></span>rd par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, any ne<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span> </span>dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rence b<span class=\"_ _7\"></span>etwee<span class=\"_ _7\"></span>n the dere<span class=\"_ _7\"></span>cog<span class=\"_ _7\"></span>nised pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t of the LRC <span class=\"ls8 ws4\"> </span>of the ori<span class=\"_ _7\"></span>ginal c<span class=\"_ _7\"></span>ontract a<span class=\"_ _7\"></span>nd the pre<span class=\"_ _7\"></span>mium ch<span class=\"_ _7\"></span>arged by the third pa<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>y; or<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>if t<span class=\"_ _9\"></span>he original cont<span class=\"_ _9\"></span>ract is modified r<span class=\"_ _9\"></span>esulting in it<span class=\"_ _9\"></span>s </span>derecognition<span class=\"_ _9\"></span>, any net<span class=\"_ _9\"></span> dif<span class=\"_ _7\"></span>ference be<span class=\"_ _9\"></span>tween the dere<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t of the LRC and th<span class=\"_ _7\"></span>e hypothetic<span class=\"_ _7\"></span>al prem<span class=\"_ _7\"></span>ium that the e<span class=\"_ _7\"></span>ntity wo<span class=\"_ _7\"></span>uld have cha<span class=\"_ _7\"></span>rged if i<span class=\"_ _7\"></span>t had entered i<span class=\"_ _7\"></span>nto a contract wi<span class=\"_ _7\"></span>th equi<span class=\"_ _7\"></span>valent ter<span class=\"_ _7\"></span>ms as the <span class=\"ls8 ws4\"> </span>new co<span class=\"_ _7\"></span>ntract at the date of the co<span class=\"_ _7\"></span>ntract mod<span class=\"_ _7\"></span>ificatio<span class=\"_ _7\"></span>n,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>less any additional<span class=\"_ _9\"></span> premium charged for t<span class=\"_ _9\"></span>he modification<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>e) Con<span class=\"_ _9\"></span>tract boundary<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup us<span class=\"_ _7\"></span>es the co<span class=\"_ _7\"></span>ncept of co<span class=\"_ _7\"></span>ntract bou<span class=\"_ _7\"></span>ndar<span class=\"_ _7\"></span>y to determ<span class=\"_ _7\"></span>ine what c<span class=\"_ _7\"></span>ash flows s<span class=\"_ _7\"></span>hould be c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered i<span class=\"_ _7\"></span>n the mea<span class=\"_ _7\"></span>sureme<span class=\"_ _7\"></span>nt of groups of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts. Cash flows a<span class=\"_ _7\"></span>re within th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> boun<span class=\"_ _7\"></span>dar<span class=\"_ _7\"></span>y of an in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>ct if they ar<span class=\"_ _7\"></span>ise fro<span class=\"_ _7\"></span>m substa<span class=\"_ _7\"></span>ntive rig<span class=\"_ _7\"></span>hts and obl<span class=\"_ _7\"></span>igations th<span class=\"_ _7\"></span>at exist du<span class=\"_ _7\"></span>ring the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> in whi<span class=\"_ _7\"></span>ch the Gro<span class=\"_ _7\"></span>up can c<span class=\"_ _7\"></span>ompe<span class=\"_ _7\"></span>l the poli<span class=\"_ _7\"></span>cyhol<span class=\"_ _7\"></span>der to pay the prem<span class=\"_ _7\"></span>iums, or in w<span class=\"_ _7\"></span>hich the G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s a substa<span class=\"_ _7\"></span>ntive oblig<span class=\"_ _7\"></span>ation to provid<span class=\"_ _7\"></span>e the polic<span class=\"_ _7\"></span>yhold<span class=\"_ _7\"></span>er wi<span class=\"_ _7\"></span>th ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ces. A sub<span class=\"_ _7\"></span>stantive ob<span class=\"_ _7\"></span>ligatio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> to provide se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice<span class=\"_ _7\"></span>s ends w<span class=\"_ _7\"></span>hen:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the Group h<span class=\"_ _7\"></span>as the prac<span class=\"_ _7\"></span>tical a<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y to reass<span class=\"_ _7\"></span>ess the r<span class=\"_ _7\"></span>isks of </span>the par<span class=\"_ _7\"></span>ti<span class=\"_ _7\"></span>cular p<span class=\"_ _7\"></span>olicy<span class=\"_ _7\"></span>holde<span class=\"_ _7\"></span>r and, as a re<span class=\"_ _7\"></span>sult, can set a p<span class=\"_ _7\"></span>rice or level of b<span class=\"_ _7\"></span>enefits th<span class=\"_ _7\"></span>at full<span class=\"_ _7\"></span>y reflects tho<span class=\"_ _7\"></span>se ris<span class=\"_ _7\"></span>ks<span class=\"_ _9\"></span>; or<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>both of the followin<span class=\"_ _7\"></span>g criter<span class=\"_ _7\"></span>ia are satis<span class=\"_ _7\"></span>fied:</span> A<span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s the practi<span class=\"_ _7\"></span>cal ab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y to reasse<span class=\"_ _7\"></span>ss the </span>ris<span class=\"_ _7\"></span>ks of the por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio of insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts that conta<span class=\"_ _7\"></span>in the co<span class=\"_ _7\"></span>ntract and, as a re<span class=\"_ _7\"></span>sult, ca<span class=\"_ _7\"></span>n set a <span class=\"ls8 ws4\"> </span>pri<span class=\"_ _7\"></span>ce or level of b<span class=\"_ _7\"></span>enefits th<span class=\"_ _7\"></span>at fully re<span class=\"_ _7\"></span>flects the r<span class=\"_ _7\"></span>isk <span class=\"ls8 ws4\"> </span>of that por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio; and A<span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the p<span class=\"_ _7\"></span>rici<span class=\"_ _7\"></span>ng of the premi<span class=\"_ _7\"></span>ums for cover<span class=\"_ _7\"></span>age up to <span class=\"ls8 ws4\"> </span></span>the date whe<span class=\"_ _7\"></span>n the ris<span class=\"_ _7\"></span>ks are rea<span class=\"_ _7\"></span>sses<span class=\"_ _7\"></span>sed do<span class=\"_ _7\"></span>es <span class=\"ls8 ws4\"> </span>not take into acco<span class=\"_ _7\"></span>unt the ris<span class=\"_ _7\"></span>ks that relate to<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>per<span class=\"_ _7\"></span>iods af<span class=\"_ _7\"></span>ter the re<span class=\"_ _7\"></span>ass<span class=\"_ _7\"></span>essm<span class=\"_ _7\"></span>ent date.<span class=\"_ _304\"> </span>A lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y or as<span class=\"_ _7\"></span>set relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o exp<span class=\"_ _7\"></span>ected pre<span class=\"_ _7\"></span>miums o<span class=\"_ _7\"></span>r claim<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> outsi<span class=\"_ _7\"></span>de the bou<span class=\"_ _7\"></span>ndar<span class=\"_ _7\"></span>y of the i<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce con<span class=\"_ _7\"></span>tract is not reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d. Such am<span class=\"_ _7\"></span>ounts rel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e to future i<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce contr<span class=\"_ _7\"></span>acts.<span class=\"_ _304\"> </span>(f<span class=\"_ _7\"></span>) Mea<span class=\"_ _7\"></span>surem<span class=\"_ _7\"></span>ent \u2013 pre<span class=\"_ _7\"></span>mium all<span class=\"_ _7\"></span>ocatio<span class=\"_ _7\"></span>n approac<span class=\"_ _7\"></span>h<span class=\"_ _304\"> </span>Initia<span class=\"_ _7\"></span>l measureme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup ap<span class=\"_ _7\"></span>plie<span class=\"_ _7\"></span>s the premi<span class=\"_ _7\"></span>um allo<span class=\"_ _7\"></span>cation a<span class=\"_ _7\"></span>pproach (<span class=\"_ _7\"></span>P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A) <span class=\"ls8 ws4\"> </span>to the major<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y of the insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts that it i<span class=\"_ _7\"></span>ssue<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span>and re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts that it h<span class=\"_ _7\"></span>olds, be<span class=\"_ _7\"></span>cause:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the coverag<span class=\"_ _7\"></span>e peri<span class=\"_ _7\"></span>od of each c<span class=\"_ _7\"></span>ontract in th<span class=\"_ _7\"></span>e group is <span class=\"ls8 ws4\"> </span></span>one year or<span class=\"_ _9\"></span> less; or<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>for contrac<span class=\"_ _7\"></span>ts longe<span class=\"_ _7\"></span>r than on<span class=\"_ _7\"></span>e year<span class=\"_ _a\"></span>, th<span class=\"_ _7\"></span>e Group ha<span class=\"_ _7\"></span>s </span>modelled possible futur<span class=\"_ _9\"></span>e scenarios and reasonably<span class=\"_ _9\"></span> expe<span class=\"_ _7\"></span>cts that the me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>ment of the L<span class=\"_ _7\"></span>RC for the <span class=\"ls8 ws4\"> </span>group c<span class=\"_ _7\"></span>ontain<span class=\"_ _7\"></span>ing those c<span class=\"_ _7\"></span>ontracts u<span class=\"_ _7\"></span>nder th<span class=\"_ _7\"></span>e P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A <span class=\"ls8 ws4\"> </span>doe<span class=\"_ _7\"></span>s not dif<span class=\"_ _7\"></span>fer m<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>riall<span class=\"_ _7\"></span>y from the m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>rement th<span class=\"_ _7\"></span>at would be<span class=\"_ _9\"></span> produced applying the general model.<span class=\"_ _304\"> </span>For in<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s issued,<span class=\"_ _9\"></span> on initial r<span class=\"_ _9\"></span>ecognition, t<span class=\"_ _9\"></span>he Group<span class=\"_ _9\"></span> mea<span class=\"_ _7\"></span>sures th<span class=\"_ _7\"></span>e LRC as the a<span class=\"_ _7\"></span>mount of pre<span class=\"_ _7\"></span>miums re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>ved, less any acq<span class=\"_ _7\"></span>uisitio<span class=\"_ _7\"></span>n cash fl<span class=\"_ _7\"></span>ows paid an<span class=\"_ _7\"></span>d any amou<span class=\"_ _7\"></span>nts aris<span class=\"_ _7\"></span>ing from the derecognit<span class=\"_ _9\"></span>ion of t<span class=\"_ _9\"></span>he insurance acquisit<span class=\"_ _9\"></span>ion cash flow<span class=\"_ _9\"></span>s asset<span class=\"_ _9\"></span> and the<span class=\"_ _9\"></span> derecognition of<span class=\"_ _9\"></span> any ot<span class=\"_ _9\"></span>her relevan<span class=\"_ _9\"></span>t pre-recognition<span class=\"_ _9\"></span> ca<span class=\"_ _7\"></span>sh flow<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>For r<span class=\"_ _9\"></span>einsurance contra<span class=\"_ _9\"></span>cts held,<span class=\"_ _9\"></span> on initial r<span class=\"_ _9\"></span>ecognition,<span class=\"_ _9\"></span> the Group<span class=\"_ _9\"></span> mea<span class=\"_ _7\"></span>sures a<span class=\"_ _7\"></span>ssets for the re<span class=\"_ _7\"></span>main<span class=\"_ _7\"></span>ing coverag<span class=\"_ _7\"></span>e at the amo<span class=\"_ _7\"></span>unt of ced<span class=\"_ _7\"></span>ing prem<span class=\"_ _7\"></span>iums pa<span class=\"_ _7\"></span>id, plus broker fe<span class=\"_ _7\"></span>es pai<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o a pa<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>y other tha<span class=\"_ _7\"></span>n the reins<span class=\"_ _7\"></span>urer an<span class=\"_ _7\"></span>d any amou<span class=\"_ _7\"></span>nts aris<span class=\"_ _7\"></span>ing from th<span class=\"_ _7\"></span>e derecognition o<span class=\"_ _9\"></span>f any o<span class=\"_ _9\"></span>ther relev<span class=\"_ _9\"></span>ant pre-r<span class=\"_ _9\"></span>ecognition cash flow<span class=\"_ _9\"></span>s.<span class=\"_ _304\"> </span>For in<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s issued,<span class=\"_ _9\"></span> insurance acquisition<span class=\"_ _9\"></span> cash flows all<span class=\"_ _7\"></span>ocated to a group are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised over th<span class=\"_ _7\"></span>e coverage per<span class=\"_ _7\"></span>iod of con<span class=\"_ _7\"></span>tracts in the gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>. For re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts hel<span class=\"_ _7\"></span>d, broker fees a<span class=\"_ _7\"></span>re recog<span class=\"_ _7\"></span>nise<span class=\"_ _7\"></span>d ov<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>r the coverage p<span class=\"_ _7\"></span>eri<span class=\"_ _7\"></span>od of contra<span class=\"_ _7\"></span>cts in a group.<span class=\"_ _304\"> </span>Subs<span class=\"_ _9\"></span>equent m<span class=\"_ _9\"></span>easuremen<span class=\"_ _9\"></span>t<span class=\"_ _304\"> </span>For insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e contracts i<span class=\"_ _7\"></span>ssue<span class=\"_ _7\"></span>d, at each of the su<span class=\"_ _7\"></span>bsequ<span class=\"_ _7\"></span>ent repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting dates, the LRC i<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>increased f<span class=\"_ _9\"></span>or premiums received in t<span class=\"_ _9\"></span>he period;<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>de<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>ed for insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e acquis<span class=\"_ _7\"></span>ition c<span class=\"_ _7\"></span>ash flows pa<span class=\"_ _7\"></span>id in <span class=\"ls8 ws4\"> </span></span></span>the period<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>decre<span class=\"_ _7\"></span>ased fo<span class=\"_ _7\"></span>r the amou<span class=\"_ _7\"></span>nts of expected p<span class=\"_ _7\"></span>remiu<span class=\"_ _7\"></span>m recei<span class=\"_ _7\"></span>pts<span class=\"_ _9\"></span> </span>reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue for the s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>es provid<span class=\"_ _7\"></span>ed in the pe<span class=\"_ _7\"></span>riod;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>incr<span class=\"_ _9\"></span>eased for the<span class=\"_ _9\"></span> amor<span class=\"_ _7\"></span>tisat<span class=\"_ _9\"></span>ion of ins<span class=\"_ _9\"></span>urance acquisition<span class=\"_ _9\"></span> </span>cas<span class=\"_ _7\"></span>h flows in the pe<span class=\"_ _7\"></span>riod re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised a<span class=\"_ _7\"></span>s insura<span class=\"_ _7\"></span>nce se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice expe<span class=\"_ _7\"></span>nses; and d<span class=\"_ _7\"></span>ecrea<span class=\"_ _7\"></span>sed for a<span class=\"_ _7\"></span>ny investment c<span class=\"_ _7\"></span>ompo<span class=\"_ _7\"></span>nent paid or t<span class=\"_ _9\"></span>ransferred t<span class=\"_ _9\"></span>o the<span class=\"_ _9\"></span> liability for incurred clai<span class=\"_ _9\"></span>ms.<span class=\"_ _304\"> </span>For rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts held, at ea<span class=\"_ _7\"></span>ch of the subs<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>nt repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting dates, the rem<span class=\"_ _7\"></span>ainin<span class=\"_ _7\"></span>g coverage is:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>increased f<span class=\"_ _9\"></span>or ceding premiums paid in<span class=\"_ _9\"></span> the period;<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>inc<span class=\"_ _7\"></span>rease<span class=\"_ _7\"></span>d for broker fee<span class=\"_ _7\"></span>s paid i<span class=\"_ _7\"></span>n the per<span class=\"_ _7\"></span>iod;<span class=\"_ _304\"> </span></span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>decreased for the e<span class=\"_ _9\"></span>xpected amounts<span class=\"_ _9\"></span> of ceding premiums<span class=\"_ _9\"></span> </span></span>and b<span class=\"_ _7\"></span>roker fees re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised a<span class=\"_ _7\"></span>s reinsur<span class=\"_ _7\"></span>ance ex<span class=\"_ _7\"></span>pense<span class=\"_ _7\"></span>s for the se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice<span class=\"_ _7\"></span>s rece<span class=\"_ _7\"></span>ived in the p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span>; an<span class=\"_ _7\"></span>d<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>decre<span class=\"_ _7\"></span>ased fo<span class=\"_ _7\"></span>r any investme<span class=\"_ _7\"></span>nt comp<span class=\"_ _7\"></span>onent pa<span class=\"_ _7\"></span>id or </span>trans<span class=\"_ _7\"></span>ferred to the rei<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce as<span class=\"_ _7\"></span>sets for incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims.<span class=\"_ _304\"> </span>The Group does no<span class=\"_ _9\"></span>t adjust<span class=\"_ _9\"></span> the LRC f<span class=\"_ _9\"></span>or insurance cont<span class=\"_ _9\"></span>racts<span class=\"_ _9\"></span> issu<span class=\"_ _7\"></span>ed or the re<span class=\"_ _7\"></span>main<span class=\"_ _7\"></span>ing coverag<span class=\"_ _7\"></span>e for reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts held for the ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t of the time valu<span class=\"_ _7\"></span>e of money<span class=\"_ _9\"></span>, beca<span class=\"_ _7\"></span>use as<span class=\"_ _7\"></span>sociated prem<span class=\"_ _7\"></span>iums are d<span class=\"_ _7\"></span>ue withi<span class=\"_ _7\"></span>n one yea<span class=\"_ _7\"></span>r of the coverage p<span class=\"_ _7\"></span>eri<span class=\"_ _7\"></span>od. The Group only a<span class=\"_ _9\"></span>djusts t<span class=\"_ _9\"></span>he remaining co<span class=\"_ _9\"></span>verage f<span class=\"_ _9\"></span>or reinsurance<span class=\"_ _9\"></span> contra<span class=\"_ _7\"></span>cts held fo<span class=\"_ _7\"></span>r the time valu<span class=\"_ _7\"></span>e of money in re<span class=\"_ _7\"></span>lation to the leg<span class=\"_ _7\"></span>acy por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio tra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>ons (LPT<span class=\"_ _7\"></span>) th<span class=\"_ _7\"></span>at were held, as th<span class=\"_ _7\"></span>e asso<span class=\"_ _7\"></span>ciated prem<span class=\"_ _7\"></span>iums are n<span class=\"_ _7\"></span>ot due with<span class=\"_ _7\"></span>in one yea<span class=\"_ _7\"></span>r of the coverage p<span class=\"_ _7\"></span>eri<span class=\"_ _7\"></span>od.<span class=\"_ _304\"> </span>The Group est<span class=\"_ _9\"></span>imates t<span class=\"_ _9\"></span>he liability for i<span class=\"_ _9\"></span>ncurred claims (LIC<span class=\"_ _9\"></span>) <span class=\"ls8 ws4\"> </span>as the f<span class=\"_ _7\"></span>ulfilm<span class=\"_ _7\"></span>ent cas<span class=\"_ _7\"></span>h flows related to incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims. Th<span class=\"_ _7\"></span>e ful<span class=\"_ _7\"></span>filment c<span class=\"_ _7\"></span>ash flows i<span class=\"_ _7\"></span>ncor<span class=\"_ _7\"></span>porate, in an unbi<span class=\"_ _7\"></span>ased way<span class=\"_ _9\"></span>, all reasonable and supportable informa<span class=\"_ _9\"></span>tion av<span class=\"_ _9\"></span>ailable without<span class=\"_ _9\"></span> undu<span class=\"_ _7\"></span>e cost or e<span class=\"_ _7\"></span>ffo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t about th<span class=\"_ _7\"></span>e amou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, timi<span class=\"_ _7\"></span>ng and un<span class=\"_ _7\"></span>cer<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>inty of those f<span class=\"_ _7\"></span>uture ca<span class=\"_ _7\"></span>sh flows, and they refl<span class=\"_ _7\"></span>ect cu<span class=\"_ _7\"></span>rrent e<span class=\"_ _7\"></span>stimates from th<span class=\"_ _7\"></span>e pers<span class=\"_ _7\"></span>pecti<span class=\"_ _7\"></span>ve of the entit<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. If facts a<span class=\"_ _7\"></span>nd circum<span class=\"_ _7\"></span>stanc<span class=\"_ _7\"></span>es ind<span class=\"_ _7\"></span>icate that a group of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contract<span class=\"_ _9\"></span>s measured under t<span class=\"_ _9\"></span>he P<span class=\"_ _9\"></span>AA is onerous on<span class=\"_ _9\"></span> initial recognition or<span class=\"_ _9\"></span> has become onerous subsequent<span class=\"_ _9\"></span>ly<span class=\"_ _a\"></span>, the Group<span class=\"_ _9\"></span> incre<span class=\"_ _7\"></span>ase<span class=\"_ _7\"></span>s the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of the LR<span class=\"_ _7\"></span>C<span class=\"_ _9\"></span>, rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ing a los<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> com<span class=\"_ _7\"></span>pone<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, to the amou<span class=\"_ _7\"></span>nts of the excess of the f<span class=\"_ _7\"></span>ulfilm<span class=\"_ _7\"></span>ent cas<span class=\"_ _7\"></span>h flows that relate to the rema<span class=\"_ _7\"></span>ining c<span class=\"_ _7\"></span>overage of the grou<span class=\"_ _7\"></span>p of contrac<span class=\"_ _7\"></span>ts, ov<span class=\"_ _9\"></span>er th<span class=\"_ _7\"></span>e car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of the LRC of th<span class=\"_ _7\"></span>e group.<span class=\"_ _9\"></span> The a<span class=\"_ _7\"></span>mount of su<span class=\"_ _7\"></span>ch an in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in insur<span class=\"_ _7\"></span>ance ser<span class=\"_ _7\"></span>vice expenses. Subsequently<span class=\"_ _a\"></span>, the<span class=\"_ _9\"></span> loss component is amo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>sed over the c<span class=\"_ _7\"></span>overage pe<span class=\"_ _7\"></span>riod of the g<span class=\"_ _7\"></span>roup of contra<span class=\"_ _7\"></span>cts.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>n a loss i<span class=\"_ _7\"></span>s recog<span class=\"_ _7\"></span>nised o<span class=\"_ _7\"></span>n initia<span class=\"_ _7\"></span>l reco<span class=\"_ _7\"></span>gnition of a<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span>onerous gr<span class=\"_ _9\"></span>oup of underlying in<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s or on<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>addition<span class=\"_ _9\"></span> of onerous<span class=\"_ _9\"></span> underlying insurance contra<span class=\"_ _9\"></span>cts t<span class=\"_ _9\"></span>o that<span class=\"_ _304\"> </span>group, the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of the re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce as<span class=\"_ _7\"></span>set for remaining co<span class=\"_ _9\"></span>verage f<span class=\"_ _9\"></span>or reinsurance con<span class=\"_ _9\"></span>tracts<span class=\"_ _9\"></span> held measured und<span class=\"_ _7\"></span>er the P<span class=\"_ _9\"></span>A<span class=\"_ _7\"></span>A is inc<span class=\"_ _7\"></span>rease<span class=\"_ _7\"></span>d by the amou<span class=\"_ _7\"></span>nt of expected recover<span class=\"_ _7\"></span>ies th<span class=\"_ _7\"></span>at will be i<span class=\"_ _7\"></span>n the conso<span class=\"_ _7\"></span>lidated in<span class=\"_ _7\"></span>come st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent and a loss r<span class=\"_ _9\"></span>ecovery component is established or<span class=\"_ _9\"></span> adjusted<span class=\"_ _9\"></span> for that am<span class=\"_ _7\"></span>ount. The lo<span class=\"_ _7\"></span>ss rec<span class=\"_ _7\"></span>over<span class=\"_ _7\"></span>y compo<span class=\"_ _7\"></span>nent is c<span class=\"_ _7\"></span>alcu<span class=\"_ _7\"></span>lated by m<span class=\"_ _9\"></span>ultiplying the<span class=\"_ _9\"></span> loss component recognised on<span class=\"_ _9\"></span> underly<span class=\"_ _7\"></span>ing<span class=\"_ _9\"></span> insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts by the p<span class=\"_ _7\"></span>ercent<span class=\"_ _7\"></span>age of clai<span class=\"_ _7\"></span>ms on und<span class=\"_ _7\"></span>erl<span class=\"_ _7\"></span>ying insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts that th<span class=\"_ _7\"></span>e Group exp<span class=\"_ _7\"></span>ects to recover f<span class=\"_ _7\"></span>rom the rei<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts held th<span class=\"_ _7\"></span>at are entere<span class=\"_ _7\"></span>d into before or at the sa<span class=\"_ _7\"></span>me time as th<span class=\"_ _7\"></span>e loss is re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised o<span class=\"_ _7\"></span>n the unde<span class=\"_ _7\"></span>rly<span class=\"_ _7\"></span>ing insurance cont<span class=\"_ _9\"></span>racts.<span class=\"_ _9\"></span> When underlying insurance contr<span class=\"_ _9\"></span>acts<span class=\"_ _9\"></span> that are re<span class=\"_ _7\"></span>insure<span class=\"_ _7\"></span>d are incl<span class=\"_ _7\"></span>uded in th<span class=\"_ _7\"></span>e same g<span class=\"_ _7\"></span>roup as in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts issu<span class=\"_ _7\"></span>ed that are n<span class=\"_ _7\"></span>ot reinsure<span class=\"_ _7\"></span>d, the Group a<span class=\"_ _7\"></span>pplie<span class=\"_ _7\"></span>s a systematic a<span class=\"_ _7\"></span>nd ration<span class=\"_ _7\"></span>al method of a<span class=\"_ _7\"></span>llocati<span class=\"_ _7\"></span>on to determin<span class=\"_ _7\"></span>e the por<span class=\"_ _7\"></span>tio<span class=\"_ _7\"></span>n of losse<span class=\"_ _7\"></span>s that relates to und<span class=\"_ _7\"></span>erly<span class=\"_ _7\"></span>ing ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts.<span class=\"_ _304\"> </span>(g) Insura<span class=\"_ _7\"></span>nce reven<span class=\"_ _7\"></span>ue<span class=\"_ _304\"> </span>The i<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce revenu<span class=\"_ _7\"></span>e for the pe<span class=\"_ _7\"></span>riod is th<span class=\"_ _7\"></span>e amount of ex<span class=\"_ _7\"></span>pected premium r<span class=\"_ _9\"></span>eceipts (<span class=\"_ _9\"></span>ex<span class=\"_ _9\"></span>cluding an<span class=\"_ _9\"></span>y invest<span class=\"_ _9\"></span>ment component<span class=\"_ _9\"></span>) allo<span class=\"_ _7\"></span>cated to the per<span class=\"_ _7\"></span>iod. The G<span class=\"_ _7\"></span>roup all<span class=\"_ _7\"></span>ocates the ex<span class=\"_ _7\"></span>pected prem<span class=\"_ _7\"></span>ium rec<span class=\"_ _7\"></span>eipts to each pe<span class=\"_ _7\"></span>riod of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>ct <span class=\"ls8 ws4\"> </span>ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ices o<span class=\"_ _7\"></span>n the basi<span class=\"_ _7\"></span>s of the pass<span class=\"_ _7\"></span>age of time. Bu<span class=\"_ _7\"></span>t if the <span class=\"ls8 ws4\"> </span>expe<span class=\"_ _7\"></span>cted pat<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>n of rele<span class=\"_ _7\"></span>ase of ris<span class=\"_ _7\"></span>k durin<span class=\"_ _7\"></span>g the coverag<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>per<span class=\"_ _7\"></span>iod di<span class=\"_ _7\"></span>ffe<span class=\"_ _7\"></span>rs sig<span class=\"_ _7\"></span>nific<span class=\"_ _7\"></span>antly fro<span class=\"_ _7\"></span>m the pass<span class=\"_ _7\"></span>age of time, for examp<span class=\"_ _7\"></span>le a group of co<span class=\"_ _7\"></span>ntracts that is ex<span class=\"_ _7\"></span>posed to larg<span class=\"_ _7\"></span>e <span class=\"ls8 ws4\"> </span>natura<span class=\"_ _7\"></span>l catastro<span class=\"_ _7\"></span>phe ris<span class=\"_ _7\"></span>k conc<span class=\"_ _7\"></span>entrated in the fi<span class=\"_ _7\"></span>rst or se<span class=\"_ _7\"></span>cond <span class=\"ls8 ws4\"> </span>hal<span class=\"_ _7\"></span>f of the year<span class=\"_ _a\"></span>, th<span class=\"_ _7\"></span>en the al<span class=\"_ _7\"></span>locatio<span class=\"_ _7\"></span>n is made o<span class=\"_ _7\"></span>n the basis of <span class=\"ls8 ws4\"> </span>the expe<span class=\"_ _7\"></span>cted timin<span class=\"_ _7\"></span>g of incur<span class=\"_ _7\"></span>red insu<span class=\"_ _7\"></span>rance s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span>Cha<span class=\"_ _7\"></span>nges to the bas<span class=\"_ _7\"></span>is of allo<span class=\"_ _7\"></span>cation a<span class=\"_ _7\"></span>re accou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed fo<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> prosp<span class=\"_ _7\"></span>ective<span class=\"_ _7\"></span>ly as a ch<span class=\"_ _7\"></span>ange in a<span class=\"_ _7\"></span>ccou<span class=\"_ _7\"></span>nting estim<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(h)<span class=\"_ _9\"></span> Insurance ser<span class=\"_ _7\"></span>vice expenses<span class=\"_ _304\"> </span>Insurance ser<span class=\"_ _7\"></span>vice expenses include t<span class=\"_ _9\"></span>he following<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>incurred<span class=\"_ _9\"></span> claims, e<span class=\"_ _9\"></span>xcluding<span class=\"_ _9\"></span> invest<span class=\"_ _9\"></span>ment components<span class=\"_ _9\"></span> </span>reduced b<span class=\"_ _9\"></span>y loss component allocat<span class=\"_ _9\"></span>ions;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>other incu<span class=\"_ _7\"></span>rred di<span class=\"_ _7\"></span>rectly at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses;<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>insurance acquisit<span class=\"_ _9\"></span>ion cash flow<span class=\"_ _9\"></span>s amor<span class=\"_ _7\"></span>tisat<span class=\"_ _9\"></span>ion using t<span class=\"_ _9\"></span>he </span></span>pat<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rn that is co<span class=\"_ _7\"></span>nsistent w<span class=\"_ _7\"></span>ith the insu<span class=\"_ _7\"></span>rance reve<span class=\"_ _7\"></span>nue;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>chang<span class=\"_ _7\"></span>es that re<span class=\"_ _7\"></span>late t<span class=\"_ _9\"></span>o past s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s that relate to future se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice;<span class=\"_ _304\"> </span></span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e acquis<span class=\"_ _7\"></span>ition c<span class=\"_ _7\"></span>ash flows as<span class=\"_ _7\"></span>sets impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>; an<span class=\"_ _7\"></span>d<span class=\"_ _304\"> </span></span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>ma<span class=\"_ _7\"></span>ndator<span class=\"_ _7\"></span>y reinst<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent pre<span class=\"_ _7\"></span>miums.<span class=\"_ _304\"> </span></span></span>Oth<span class=\"_ _7\"></span>er expe<span class=\"_ _7\"></span>nses not m<span class=\"_ _7\"></span>eeting the a<span class=\"_ _7\"></span>bove categor<span class=\"_ _7\"></span>ies a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>incl<span class=\"_ _7\"></span>uded i<span class=\"_ _7\"></span>n other ope<span class=\"_ _7\"></span>rating exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s in the cons<span class=\"_ _7\"></span>olidated inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span>(i) Allocation o<span class=\"_ _9\"></span>f reinsurance premiums<span class=\"_ _304\"> </span>The allocation o<span class=\"_ _9\"></span>f reinsurance premiums includes r<span class=\"_ _9\"></span>einsurance prem<span class=\"_ _7\"></span>iums an<span class=\"_ _7\"></span>d other incu<span class=\"_ _7\"></span>rred d<span class=\"_ _7\"></span>irectly at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses. Reinsurance premium and e<span class=\"_ _9\"></span>xpenses are recognised <span class=\"ls8 ws4\"> </span>simi<span class=\"_ _7\"></span>larl<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e revenue. Th<span class=\"_ _7\"></span>e amou<span class=\"_ _7\"></span>nt of reinsur<span class=\"_ _7\"></span>ance expenses recognised in the<span class=\"_ _9\"></span> repor<span class=\"_ _7\"></span>ting period depicts<span class=\"_ _9\"></span> the trans<span class=\"_ _7\"></span>fer of rece<span class=\"_ _7\"></span>ived ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contract s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ces at an <span class=\"ls8 ws4\"> </span>amount tha<span class=\"_ _9\"></span>t reflects t<span class=\"_ _9\"></span>he por<span class=\"_ _7\"></span>tion o<span class=\"_ _9\"></span>f ceding premiums tha<span class=\"_ _9\"></span>t the Gro<span class=\"_ _7\"></span>up expec<span class=\"_ _7\"></span>ts t<span class=\"_ _9\"></span>o pay in excha<span class=\"_ _7\"></span>nge for thos<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ices. Additionally<span class=\"_ _a\"></span>, brok<span class=\"_ _9\"></span>er fees and ceding commissions tha<span class=\"_ _9\"></span>t are <span class=\"ls8 ws4\"> </span>not conti<span class=\"_ _7\"></span>ngent o<span class=\"_ _7\"></span>n claim<span class=\"_ _7\"></span>s of the unde<span class=\"_ _7\"></span>rlyi<span class=\"_ _7\"></span>ng contra<span class=\"_ _7\"></span>cts issu<span class=\"_ _7\"></span>ed redu<span class=\"_ _7\"></span>ce ced<span class=\"_ _7\"></span>ing prem<span class=\"_ _7\"></span>iums a<span class=\"_ _7\"></span>nd are acc<span class=\"_ _7\"></span>ounted for as pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t of<span class=\"_ _9\"></span> reinsurance premiums<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>In addition<span class=\"_ _9\"></span>, the<span class=\"_ _9\"></span> allocation of r<span class=\"_ _9\"></span>einsurance premiums includes cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n the reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e assets a<span class=\"_ _7\"></span>risin<span class=\"_ _7\"></span>g from retroacti<span class=\"_ _7\"></span>ve<span class=\"_ _9\"></span> reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts held a<span class=\"_ _7\"></span>nd volunta<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y reinstatem<span class=\"_ _7\"></span>ent <span class=\"ls8 ws4\"> </span>ceded premiums.<span class=\"_ _9\"></span> (<span class=\"_ _7\"></span>j) Amounts r<span class=\"_ _9\"></span>ecoverable fr<span class=\"_ _9\"></span>om reinsurers f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _304\"> </span>The amounts<span class=\"_ _9\"></span> recoverable<span class=\"_ _9\"></span> from reinsurers<span class=\"_ _9\"></span> for incurred<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>claims include<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>incurred<span class=\"_ _9\"></span> claims recov<span class=\"_ _9\"></span>eries, ex<span class=\"_ _9\"></span>cluding<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></span>inv<span class=\"_ _9\"></span>estment components<span class=\"_ _9\"></span>;<span class=\"_ _9\"></span> A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>loss-<span class=\"_ _9\"></span>recovery component allocations<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s that relate to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice;<span class=\"_ _304\"> </span></span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls78 ws41\"> <span class=\"_ _24\"></span>ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct of chan<span class=\"_ _7\"></span>ges in th<span class=\"_ _7\"></span>e risk of re<span class=\"_ _7\"></span>insurer<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>\u2019 <span class=\"ls8 ws4\"> </span></span></span>non-performance;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>amount<span class=\"_ _9\"></span>s relat<span class=\"_ _9\"></span>ing t<span class=\"_ _9\"></span>o accounting<span class=\"_ _9\"></span> for onerous<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></span>group<span class=\"_ _7\"></span>s of under<span class=\"_ _7\"></span>lyin<span class=\"_ _7\"></span>g insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts iss<span class=\"_ _7\"></span>ued;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>cedin<span class=\"_ _7\"></span>g comm<span class=\"_ _7\"></span>issio<span class=\"_ _7\"></span>ns that are co<span class=\"_ _7\"></span>ntinge<span class=\"_ _7\"></span>nt on <span class=\"ls8 ws4\"> </span></span>claims of<span class=\"_ _9\"></span> the underlying cont<span class=\"_ _9\"></span>racts issued r<span class=\"_ _9\"></span>educing <span class=\"ls8 ws4\"> </span>incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims re<span class=\"_ _7\"></span>cover<span class=\"_ _7\"></span>y; and<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>mandator<span class=\"_ _7\"></span>y re<span class=\"_ _7\"></span>instateme<span class=\"_ _7\"></span>nt cede<span class=\"_ _7\"></span>d premi<span class=\"_ _7\"></span>ums.<span class=\"_ _304\"> </span></span>(k) Ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e finan<span class=\"_ _7\"></span>ce inco<span class=\"_ _7\"></span>me or exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>Insurance finance income or e<span class=\"_ _9\"></span>xpenses comprise the <span class=\"ls8 ws4\"> </span>cha<span class=\"_ _7\"></span>nge in the c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing amo<span class=\"_ _7\"></span>unt of the group of i<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce contract<span class=\"_ _9\"></span>s arising from<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the ef<span class=\"_ _7\"></span>fect of the tim<span class=\"_ _7\"></span>e value of mo<span class=\"_ _7\"></span>ney and ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span></span>in the tim<span class=\"_ _7\"></span>e value of mon<span class=\"_ _7\"></span>ey<span class=\"_ _a\"></span>. T<span class=\"_ _7\"></span>his ma<span class=\"_ _7\"></span>inly co<span class=\"_ _7\"></span>mpris<span class=\"_ _7\"></span>es <span class=\"ls8 ws4\"> </span>interest a<span class=\"_ _7\"></span>ccreted on the L<span class=\"_ _7\"></span>IC and intere<span class=\"_ _7\"></span>st unwin<span class=\"_ _7\"></span>d on <span class=\"ls8 ws4\"> </span>the AIC; and<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the ef<span class=\"_ _7\"></span>fect of fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l risk a<span class=\"_ _7\"></span>nd cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n financ<span class=\"_ _7\"></span>ial ri<span class=\"_ _7\"></span>sk. </span>Thi<span class=\"_ _7\"></span>s mainl<span class=\"_ _7\"></span>y inclu<span class=\"_ _7\"></span>des the ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct of cha<span class=\"_ _7\"></span>nges in i<span class=\"_ _7\"></span>nterest <span class=\"ls8 ws4\"> </span>rates, for examp<span class=\"_ _7\"></span>le, discou<span class=\"_ _7\"></span>nt rates.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup do<span class=\"_ _7\"></span>es not dis<span class=\"_ _7\"></span>aggreg<span class=\"_ _7\"></span>ate chang<span class=\"_ _7\"></span>es in the r<span class=\"_ _7\"></span>isk adjustment<span class=\"_ _9\"></span> for non-<span class=\"_ _9\"></span>financial risk between in<span class=\"_ _9\"></span>surance <span class=\"ls8 ws4\"> </span>ser<span class=\"_ _7\"></span>vice result and insurance finance i<span class=\"_ _9\"></span>ncome or expenses.<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>The c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>e in the ris<span class=\"_ _7\"></span>k adjustm<span class=\"_ _7\"></span>ent is e<span class=\"_ _7\"></span>ntirely pre<span class=\"_ _7\"></span>sented as <span class=\"ls8 ws4\"> </span>par<span class=\"_ _7\"></span>t of the in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice res<span class=\"_ _7\"></span>ult.<span class=\"_ _304\"> </span>Foreig<span class=\"_ _7\"></span>n ex<span class=\"_ _9\"></span>ch<span class=\"_ _7\"></span>ange g<span class=\"_ _7\"></span>ains an<span class=\"_ _7\"></span>d losse<span class=\"_ _7\"></span>s contin<span class=\"_ _7\"></span>ue to be prese<span class=\"_ _7\"></span>nted as a net othe<span class=\"_ _7\"></span>r foreig<span class=\"_ _7\"></span>n ex<span class=\"_ _9\"></span>ch<span class=\"_ _7\"></span>ange ga<span class=\"_ _7\"></span>in/(loss) line i<span class=\"_ _7\"></span>tem.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForReinsuranceExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-420": {
   "value": "2.<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span> Insurance and reinsura<span class=\"_ _7\"></span>nce con<span class=\"_ _9\"></span>tract<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>The accounting polic<span class=\"_ _9\"></span>y set out below<span class=\"_ _9\"></span> is applicable to<span class=\"_ _9\"></span> insurance and re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts that are i<span class=\"_ _7\"></span>ssue<span class=\"_ _7\"></span>d by the Group <span class=\"ls8 ws4\"> </span>and reinsurance<span class=\"_ _9\"></span> contracts<span class=\"_ _9\"></span> held by<span class=\"_ _9\"></span> the Group unless<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>indicat<span class=\"_ _9\"></span>ed otherw<span class=\"_ _7\"></span>ise<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Classification<span class=\"_ _304\"> </span>Insurance cont<span class=\"_ _9\"></span>racts ar<span class=\"_ _9\"></span>e defined as t<span class=\"_ _9\"></span>hose containing si<span class=\"_ _9\"></span>gnificant insu<span class=\"_ _7\"></span>rance r<span class=\"_ _7\"></span>isk. Si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant insu<span class=\"_ _7\"></span>rance r<span class=\"_ _7\"></span>isk cr<span class=\"_ _7\"></span>iteria a<span class=\"_ _7\"></span>re met if,<span class=\"_ _9\"></span> and o<span class=\"_ _7\"></span>nly if, an insure<span class=\"_ _7\"></span>d event cou<span class=\"_ _7\"></span>ld caus<span class=\"_ _7\"></span>e an insu<span class=\"_ _7\"></span>rer to make significant additional pa<span class=\"_ _9\"></span>yments in an<span class=\"_ _9\"></span>y scenario, e<span class=\"_ _9\"></span>xcluding<span class=\"_ _9\"></span> sce<span class=\"_ _7\"></span>nari<span class=\"_ _7\"></span>os that lac<span class=\"_ _7\"></span>k comme<span class=\"_ _7\"></span>rcial s<span class=\"_ _7\"></span>ubsta<span class=\"_ _7\"></span>nce, at the ince<span class=\"_ _7\"></span>ption <span class=\"ls8 ws4\"> </span>of t<span class=\"_ _9\"></span>he contra<span class=\"_ _9\"></span>ct. Such<span class=\"_ _9\"></span> contract<span class=\"_ _9\"></span>s remain insurance<span class=\"_ _9\"></span> contracts<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>until al<span class=\"_ _7\"></span>l rights a<span class=\"_ _7\"></span>nd obli<span class=\"_ _7\"></span>gations a<span class=\"_ _7\"></span>re exting<span class=\"_ _7\"></span>uishe<span class=\"_ _7\"></span>d or expire.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup is<span class=\"_ _7\"></span>sues s<span class=\"_ _7\"></span>hor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-term ca<span class=\"_ _7\"></span>sualt<span class=\"_ _7\"></span>y an<span class=\"_ _7\"></span>d proper<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y <span class=\"ls8 ws4\"> </span>(r<span class=\"_ _9\"></span>e)in<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s in the<span class=\"_ _9\"></span> normal course of<span class=\"_ _9\"></span> business, und<span class=\"_ _7\"></span>er whic<span class=\"_ _7\"></span>h it acc<span class=\"_ _7\"></span>epts sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt insura<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk from i<span class=\"_ _7\"></span>ts<span class=\"_ _9\"></span> poli<span class=\"_ _7\"></span>cyhol<span class=\"_ _7\"></span>ders. T<span class=\"_ _7\"></span>he Grou<span class=\"_ _7\"></span>p also e<span class=\"_ _7\"></span>nters into cede<span class=\"_ _7\"></span>d reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> contra<span class=\"_ _7\"></span>cts with rei<span class=\"_ _7\"></span>nsurer<span class=\"_ _7\"></span>s, unde<span class=\"_ _7\"></span>r which th<span class=\"_ _7\"></span>e Group tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt insura<span class=\"_ _7\"></span>nce r<span class=\"_ _7\"></span>isk to reinsure<span class=\"_ _7\"></span>rs an<span class=\"_ _7\"></span>d is comp<span class=\"_ _7\"></span>ensated <span class=\"ls8 ws4\"> </span>for claims<span class=\"_ _9\"></span> on contract<span class=\"_ _9\"></span>s issued b<span class=\"_ _9\"></span>y the Group<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(b<span class=\"_ _9\"></span>) Separating<span class=\"_ _9\"></span> components<span class=\"_ _304\"> </span>The Group assesses its insurance and r<span class=\"_ _9\"></span>einsurance products<span class=\"_ _9\"></span> t<span class=\"_ _9\"></span>o determine<span class=\"_ _9\"></span> whether the<span class=\"_ _9\"></span>y contain dist<span class=\"_ _9\"></span>inct components<span class=\"_ _9\"></span> which must b<span class=\"_ _7\"></span>e accou<span class=\"_ _7\"></span>nted for unde<span class=\"_ _7\"></span>r anothe<span class=\"_ _7\"></span>r IFRS instead of un<span class=\"_ _7\"></span>der IFRS 1<span class=\"_ _a\"></span>7<span class=\"_ _20\"></span>. Af<span class=\"_ _7\"></span>ter se<span class=\"_ _7\"></span>paratin<span class=\"_ _7\"></span>g any distin<span class=\"_ _7\"></span>ct comp<span class=\"_ _7\"></span>onents, the G<span class=\"_ _7\"></span>roup app<span class=\"_ _7\"></span>lies IFR<span class=\"_ _7\"></span>S 1<span class=\"_ _a\"></span>7 t<span class=\"_ _9\"></span>o al<span class=\"_ _7\"></span>l remai<span class=\"_ _7\"></span>ning co<span class=\"_ _7\"></span>mpone<span class=\"_ _7\"></span>nts of the (host) insurance cont<span class=\"_ _9\"></span>ract<span class=\"_ _9\"></span>. Currently<span class=\"_ _a\"></span>, the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> products do<span class=\"_ _9\"></span> not<span class=\"_ _9\"></span> include any di<span class=\"_ _9\"></span>stinct components t<span class=\"_ _9\"></span>hat require<span class=\"_ _9\"></span> separation.<span class=\"_ _304\"> </span>Some reinsur<span class=\"_ _9\"></span>ance contract<span class=\"_ _9\"></span>s issued contain pr<span class=\"_ _9\"></span>ofit commission<span class=\"_ _9\"></span> arrangem<span class=\"_ _9\"></span>ents<span class=\"_ _9\"></span>. Under<span class=\"_ _9\"></span> these<span class=\"_ _9\"></span> arrangemen<span class=\"_ _9\"></span>ts<span class=\"_ _9\"></span>, th<span class=\"_ _9\"></span>ere is<span class=\"_ _9\"></span> a<span class=\"_ _9\"></span> guaranteed minimum<span class=\"_ _9\"></span> amount that t<span class=\"_ _9\"></span>he policyholder will alwa<span class=\"_ _9\"></span>ys receive \u2013<span class=\"_ _9\"></span> either in the<span class=\"_ _9\"></span> form of<span class=\"_ _9\"></span> profit commission<span class=\"_ _9\"></span>, or as clai<span class=\"_ _9\"></span>ms,<span class=\"_ _9\"></span> or an<span class=\"_ _7\"></span>other contr<span class=\"_ _7\"></span>actual pay<span class=\"_ _7\"></span>ment ir<span class=\"_ _7\"></span>respe<span class=\"_ _7\"></span>ctive of the in<span class=\"_ _7\"></span>sured event<span class=\"_ _9\"></span> happening. The guarant<span class=\"_ _9\"></span>eed minimum amounts ha<span class=\"_ _9\"></span>ve bee<span class=\"_ _7\"></span>n ass<span class=\"_ _7\"></span>esse<span class=\"_ _7\"></span>d to be highl<span class=\"_ _7\"></span>y interrel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed w<span class=\"_ _7\"></span>ith the ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e component of<span class=\"_ _9\"></span> the reinsur<span class=\"_ _9\"></span>ance contract<span class=\"_ _9\"></span>s and are<span class=\"_ _9\"></span>, there<span class=\"_ _9\"></span>fore<span class=\"_ _9\"></span>, non-distinct<span class=\"_ _9\"></span> investment<span class=\"_ _9\"></span> components which are no<span class=\"_ _9\"></span>t accounted<span class=\"_ _9\"></span> for se<span class=\"_ _7\"></span>parately<span class=\"_ _9\"></span>. However<span class=\"_ _a\"></span>, re<span class=\"_ _7\"></span>ceipts an<span class=\"_ _7\"></span>d paymen<span class=\"_ _7\"></span>ts of these inv<span class=\"_ _9\"></span>estment components<span class=\"_ _9\"></span> are ex<span class=\"_ _9\"></span>cluded from<span class=\"_ _9\"></span> insurance <span class=\"ls8 ws4\"> </span>service re<span class=\"_ _9\"></span>venue<span class=\"_ _9\"></span> and e<span class=\"_ _9\"></span>xpenses<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(c<span class=\"_ _9\"></span>) Level of agg<span class=\"_ _7\"></span>regation<span class=\"_ _304\"> </span>Insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts a<span class=\"_ _7\"></span>re aggreg<span class=\"_ _7\"></span>ated into groups for mea<span class=\"_ _7\"></span>surem<span class=\"_ _7\"></span>ent pur<span class=\"_ _7\"></span>pose<span class=\"_ _7\"></span>s. The leve<span class=\"_ _7\"></span>l of aggregati<span class=\"_ _7\"></span>on for the <span class=\"ls8 ws4\"> </span>Grou<span class=\"_ _7\"></span>p is determi<span class=\"_ _7\"></span>ned fir<span class=\"_ _7\"></span>stly by groupi<span class=\"_ _7\"></span>ng contra<span class=\"_ _7\"></span>cts into por<span class=\"_ _7\"></span>tfo<span class=\"_ _7\"></span>lios whi<span class=\"_ _7\"></span>ch, with som<span class=\"_ _7\"></span>e limited exceptio<span class=\"_ _7\"></span>ns, are set as the re<span class=\"_ _7\"></span>ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ing classes of each<span class=\"_ _9\"></span> legal entity<span class=\"_ _9\"></span>. P<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>tfolios comprise<span class=\"_ _9\"></span> groups o<span class=\"_ _9\"></span>f contra<span class=\"_ _7\"></span>cts with si<span class=\"_ _7\"></span>milar r<span class=\"_ _7\"></span>isks wh<span class=\"_ _7\"></span>ich are ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>og<span class=\"_ _7\"></span>ether<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> Portfolios are further divided based on e<span class=\"_ _9\"></span>xpected pro<span class=\"_ _9\"></span>fitability <span class=\"ls8 ws4\"> </span>at incep<span class=\"_ _9\"></span>tion int<span class=\"_ _9\"></span>o t<span class=\"_ _9\"></span>hree cat<span class=\"_ _9\"></span>egorie<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>: onerous<span class=\"_ _9\"></span> contracts<span class=\"_ _9\"></span>, <span class=\"ls8 ws4\"> </span>contract<span class=\"_ _9\"></span>s with no<span class=\"_ _9\"></span> significant risk o<span class=\"_ _9\"></span>f becoming onerous,<span class=\"_ _9\"></span> and<span class=\"ls8 ws4\"> </span>the rem<span class=\"_ _7\"></span>ainde<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>. No g<span class=\"_ _7\"></span>roup for level of ag<span class=\"_ _7\"></span>gregatio<span class=\"_ _7\"></span>n purp<span class=\"_ _7\"></span>oses <span class=\"ls8 ws4\"> </span>may cont<span class=\"_ _7\"></span>ain contr<span class=\"_ _7\"></span>acts issu<span class=\"_ _7\"></span>ed more th<span class=\"_ _7\"></span>an one ye<span class=\"_ _7\"></span>ar apa<span class=\"_ _7\"></span>rt. <span class=\"ls8 ws4\"> </span>The grouping<span class=\"_ _9\"></span> of cont<span class=\"_ _9\"></span>racts is<span class=\"_ _9\"></span> not subsequent<span class=\"_ _9\"></span>ly reconsidered.<span class=\"_ _304\"> </span>A group of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts is cons<span class=\"_ _7\"></span>idere<span class=\"_ _7\"></span>d to be onerou<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> at initi<span class=\"_ _7\"></span>al reco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n if the fu<span class=\"_ _7\"></span>lfilme<span class=\"_ _7\"></span>nt cash fl<span class=\"_ _7\"></span>ows alloc<span class=\"_ _7\"></span>ated to<span class=\"_ _9\"></span> that grou<span class=\"_ _7\"></span>p of contracts in total a<span class=\"_ _7\"></span>re a net out<span class=\"_ _7\"></span>flow<span class=\"_ _9\"></span>. That is i<span class=\"_ _7\"></span>f the pres<span class=\"_ _7\"></span>ent valu<span class=\"_ _7\"></span>e of expected c<span class=\"_ _7\"></span>laims, at<span class=\"_ _7\"></span>tribu<span class=\"_ _7\"></span>tabl<span class=\"_ _7\"></span>e expens<span class=\"_ _7\"></span>es and ris<span class=\"_ _7\"></span>k adjustm<span class=\"_ _7\"></span>ent exceed<span class=\"_ _7\"></span>s the premi<span class=\"_ _7\"></span>um.<span class=\"_ _304\"> </span>Por<span class=\"_ _7\"></span>tfol<span class=\"_ _7\"></span>ios of reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts held a<span class=\"_ _7\"></span>re asse<span class=\"_ _7\"></span>ssed fo<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> aggre<span class=\"_ _7\"></span>gation se<span class=\"_ _7\"></span>paratel<span class=\"_ _7\"></span>y from por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio<span class=\"_ _7\"></span>s of insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts issued. Rein<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s held cannot<span class=\"_ _9\"></span> be onerous.<span class=\"_ _9\"></span> (<span class=\"_ _9\"></span>d) Recognition and derecognit<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span>Grou<span class=\"_ _7\"></span>ps of insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts iss<span class=\"_ _7\"></span>ued are i<span class=\"_ _7\"></span>nitial<span class=\"_ _7\"></span>ly reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d from th<span class=\"_ _7\"></span>e earl<span class=\"_ _7\"></span>iest of the fo<span class=\"_ _7\"></span>llowing:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the beg<span class=\"_ _7\"></span>inning of the c<span class=\"_ _7\"></span>overage p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the date wh<span class=\"_ _7\"></span>en the fir<span class=\"_ _7\"></span>st payme<span class=\"_ _7\"></span>nt from the po<span class=\"_ _7\"></span>licyh<span class=\"_ _7\"></span>olde<span class=\"_ _7\"></span>r is </span></span>due, or ac<span class=\"_ _7\"></span>tually re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>ved if there i<span class=\"_ _7\"></span>s no due date; and A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>when th<span class=\"_ _7\"></span>e Group de<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>s that a group of c<span class=\"_ _7\"></span>ontracts </span>becomes onerous.<span class=\"_ _9\"></span> Insurance cont<span class=\"_ _9\"></span>racts a<span class=\"_ _9\"></span>cquired in a<span class=\"_ _9\"></span> business combination<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>withi<span class=\"_ _7\"></span>n the scop<span class=\"_ _7\"></span>e of IFRS 3 <span class=\"ff68 ls7c ws89\">Business Combinations</span><span class=\"ls8 wsb4\"> or a <span class=\"_ _7\"></span><span class=\"ws4\"> </span></span>por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio tra<span class=\"_ _7\"></span>nsfer are a<span class=\"_ _7\"></span>ccou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed fo<span class=\"_ _7\"></span>r as if they were e<span class=\"_ _7\"></span>ntered <span class=\"ls8 ws4\"> </span>into at the date of acquis<span class=\"_ _7\"></span>ition or tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> Rei<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts held a<span class=\"_ _7\"></span>re reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as follows:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>a group of rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contrac<span class=\"_ _7\"></span>ts held th<span class=\"_ _7\"></span>at provide </span>propo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tionate coverag<span class=\"_ _7\"></span>e is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d at the later of the follo<span class=\"_ _9\"></span>wing dat<span class=\"_ _9\"></span>es (unless underlying con<span class=\"_ _9\"></span>tracts<span class=\"_ _9\"></span> are onerous<span class=\"_ _9\"></span>, in which case earlier recognition is r<span class=\"_ _9\"></span>equired)<span class=\"_ _9\"></span>:  A<span class=\"ff5f ls77 ws41\"> <span class=\"_ _24\"></span>th<span class=\"_ _7\"></span>e begi<span class=\"_ _7\"></span>nning of the c<span class=\"_ _7\"></span>overage pe<span class=\"_ _7\"></span>rio<span class=\"_ _7\"></span>d of the group; and </span> A<span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>the initial r<span class=\"_ _9\"></span>ecognition of<span class=\"_ _9\"></span> any underlying <span class=\"ls8 ws4\"> </span></span>insurance co<span class=\"_ _7\"></span>ntract<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>all other g<span class=\"_ _7\"></span>roups of reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts held a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> </span>reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d from the b<span class=\"_ _7\"></span>egin<span class=\"_ _7\"></span>ning of the cover<span class=\"_ _7\"></span>age pe<span class=\"_ _7\"></span>riod <span class=\"ls8 ws4\"> </span>of t<span class=\"_ _9\"></span>he group o<span class=\"_ _9\"></span>f reinsurance<span class=\"_ _9\"></span> contracts<span class=\"_ _9\"></span> held;<span class=\"_ _9\"></span> unless the Grou<span class=\"_ _7\"></span>p entered into the rei<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce contr<span class=\"_ _7\"></span>act hel<span class=\"_ _7\"></span>d at or before the d<span class=\"_ _7\"></span>ate when an o<span class=\"_ _7\"></span>nerou<span class=\"_ _7\"></span>s group of und<span class=\"_ _7\"></span>erl<span class=\"_ _7\"></span>ying contra<span class=\"_ _7\"></span>cts is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d prio<span class=\"_ _7\"></span>r t<span class=\"_ _9\"></span>o the b<span class=\"_ _7\"></span>egin<span class=\"_ _7\"></span>ning of the coverag<span class=\"_ _7\"></span>e per<span class=\"_ _7\"></span>iod of the grou<span class=\"_ _7\"></span>p of reinsura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts hel<span class=\"_ _7\"></span>d, in which c<span class=\"_ _7\"></span>ase the re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntract he<span class=\"_ _7\"></span>ld is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d at the sa<span class=\"_ _7\"></span>me time as th<span class=\"_ _7\"></span>e group of und<span class=\"_ _7\"></span>erly<span class=\"_ _7\"></span>ing insurance cont<span class=\"_ _9\"></span>racts is<span class=\"_ _9\"></span> recognised.<span class=\"_ _304\"> </span>Onl<span class=\"_ _7\"></span>y contrac<span class=\"_ _7\"></span>ts that indi<span class=\"_ _7\"></span>vidua<span class=\"_ _7\"></span>lly me<span class=\"_ _7\"></span>et the rec<span class=\"_ _7\"></span>ognitio<span class=\"_ _7\"></span>n criter<span class=\"_ _7\"></span>ia by the end of the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d are incl<span class=\"_ _7\"></span>uded i<span class=\"_ _7\"></span>n the groups. When contract<span class=\"_ _9\"></span>s meet the<span class=\"_ _9\"></span> recognition crit<span class=\"_ _9\"></span>eria in the gr<span class=\"_ _9\"></span>oups after<span class=\"_ _9\"></span> the rep<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>ting date, they are adde<span class=\"_ _7\"></span>d to the groups in th<span class=\"_ _7\"></span>e repor<span class=\"_ _7\"></span>ting period in which t<span class=\"_ _9\"></span>hey meet t<span class=\"_ _9\"></span>he recognition crit<span class=\"_ _9\"></span>eria. Composition<span class=\"_ _9\"></span> of t<span class=\"_ _9\"></span>he groups is<span class=\"_ _9\"></span> not reassessed in subsequent periods.<span class=\"_ _304\"> </span>An in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>ct is dere<span class=\"_ _7\"></span>cog<span class=\"_ _7\"></span>nised w<span class=\"_ _7\"></span>hen it i<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>exting<span class=\"_ _7\"></span>uishe<span class=\"_ _7\"></span>d (that is, whe<span class=\"_ _7\"></span>n the obli<span class=\"_ _7\"></span>gation sp<span class=\"_ _7\"></span>ecifi<span class=\"_ _7\"></span>ed in the </span>insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontract exp<span class=\"_ _7\"></span>ires or i<span class=\"_ _7\"></span>s disch<span class=\"_ _7\"></span>arged o<span class=\"_ _7\"></span>r canc<span class=\"_ _7\"></span>elle<span class=\"_ _7\"></span>d)<span class=\"_ _9\"></span>; or<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the contrac<span class=\"_ _7\"></span>t is modi<span class=\"_ _7\"></span>fied suc<span class=\"_ _7\"></span>h that the mod<span class=\"_ _7\"></span>ificatio<span class=\"_ _7\"></span>n resul<span class=\"_ _7\"></span>ts<span class=\"_ _9\"></span> </span>in a cha<span class=\"_ _7\"></span>nge in th<span class=\"_ _7\"></span>e meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt mode<span class=\"_ _7\"></span>l, for example: GMM, o<span class=\"_ _7\"></span>r the appl<span class=\"_ _7\"></span>icab<span class=\"_ _7\"></span>le stand<span class=\"_ _7\"></span>ard for me<span class=\"_ _7\"></span>asur<span class=\"_ _7\"></span>ing a component of<span class=\"_ _9\"></span> the cont<span class=\"_ _9\"></span>ract,<span class=\"_ _9\"></span> substantially<span class=\"_ _9\"></span> changes the contract<span class=\"_ _9\"></span> boundar<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, or requir<span class=\"_ _9\"></span>es the modified cont<span class=\"_ _9\"></span>racts<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>to be inclu<span class=\"_ _7\"></span>ded in a di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferent g<span class=\"_ _7\"></span>roup.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>n a modi<span class=\"_ _7\"></span>fication i<span class=\"_ _7\"></span>s not treated as a de<span class=\"_ _7\"></span>recog<span class=\"_ _7\"></span>nition, the Gro<span class=\"_ _7\"></span>up reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>s amou<span class=\"_ _7\"></span>nts paid or re<span class=\"_ _7\"></span>ceive<span class=\"_ _7\"></span>d for the modi<span class=\"_ _7\"></span>fication of th<span class=\"_ _7\"></span>e contract a<span class=\"_ _7\"></span>s an adju<span class=\"_ _7\"></span>stment to the rel<span class=\"_ _7\"></span>evant liability or asset f<span class=\"_ _9\"></span>or remaining co<span class=\"_ _9\"></span>verage<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>n a group of ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts is dere<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised, adju<span class=\"_ _7\"></span>stments to remove related r<span class=\"_ _7\"></span>ights an<span class=\"_ _7\"></span>d oblig<span class=\"_ _7\"></span>ations res<span class=\"_ _7\"></span>ult in the foll<span class=\"_ _7\"></span>owing am<span class=\"_ _7\"></span>ounts be<span class=\"_ _7\"></span>ing cha<span class=\"_ _7\"></span>rged im<span class=\"_ _7\"></span>medi<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>el<span class=\"_ _7\"></span>y to the<span class=\"_ _9\"></span> cons<span class=\"_ _7\"></span>olidated i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>if the contr<span class=\"_ _7\"></span>act is ex<span class=\"_ _7\"></span>tinguis<span class=\"_ _7\"></span>hed, any net d<span class=\"_ _7\"></span>if<span class=\"_ _7\"></span>feren<span class=\"_ _7\"></span>ce bet<span class=\"_ _7\"></span>ween </span>the derecognised p<span class=\"_ _9\"></span>ar<span class=\"_ _7\"></span>t of<span class=\"_ _9\"></span> the liability for<span class=\"_ _9\"></span> remaining<span class=\"_ _304\"> </span>coverag<span class=\"_ _7\"></span>e (LRC) of the ori<span class=\"_ _7\"></span>ginal c<span class=\"_ _7\"></span>ontract a<span class=\"_ _7\"></span>nd any other <span class=\"ls8 ws4\"> </span>cash flows arising<span class=\"_ _9\"></span> from extinguishment<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>if the contr<span class=\"_ _7\"></span>act is trans<span class=\"_ _7\"></span>ferre<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o the thi<span class=\"_ _7\"></span>rd par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, any ne<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span> </span>dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rence b<span class=\"_ _7\"></span>etwee<span class=\"_ _7\"></span>n the dere<span class=\"_ _7\"></span>cog<span class=\"_ _7\"></span>nised pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t of the LRC <span class=\"ls8 ws4\"> </span>of the ori<span class=\"_ _7\"></span>ginal c<span class=\"_ _7\"></span>ontract a<span class=\"_ _7\"></span>nd the pre<span class=\"_ _7\"></span>mium ch<span class=\"_ _7\"></span>arged by the third pa<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>y; or<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>if t<span class=\"_ _9\"></span>he original cont<span class=\"_ _9\"></span>ract is modified r<span class=\"_ _9\"></span>esulting in it<span class=\"_ _9\"></span>s </span>derecognition<span class=\"_ _9\"></span>, any net<span class=\"_ _9\"></span> dif<span class=\"_ _7\"></span>ference be<span class=\"_ _9\"></span>tween the dere<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t of the LRC and th<span class=\"_ _7\"></span>e hypothetic<span class=\"_ _7\"></span>al prem<span class=\"_ _7\"></span>ium that the e<span class=\"_ _7\"></span>ntity wo<span class=\"_ _7\"></span>uld have cha<span class=\"_ _7\"></span>rged if i<span class=\"_ _7\"></span>t had entered i<span class=\"_ _7\"></span>nto a contract wi<span class=\"_ _7\"></span>th equi<span class=\"_ _7\"></span>valent ter<span class=\"_ _7\"></span>ms as the <span class=\"ls8 ws4\"> </span>new co<span class=\"_ _7\"></span>ntract at the date of the co<span class=\"_ _7\"></span>ntract mod<span class=\"_ _7\"></span>ificatio<span class=\"_ _7\"></span>n,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>less any additional<span class=\"_ _9\"></span> premium charged for t<span class=\"_ _9\"></span>he modification<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>e) Con<span class=\"_ _9\"></span>tract boundary<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup us<span class=\"_ _7\"></span>es the co<span class=\"_ _7\"></span>ncept of co<span class=\"_ _7\"></span>ntract bou<span class=\"_ _7\"></span>ndar<span class=\"_ _7\"></span>y to determ<span class=\"_ _7\"></span>ine what c<span class=\"_ _7\"></span>ash flows s<span class=\"_ _7\"></span>hould be c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered i<span class=\"_ _7\"></span>n the mea<span class=\"_ _7\"></span>sureme<span class=\"_ _7\"></span>nt of groups of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts. Cash flows a<span class=\"_ _7\"></span>re within th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> boun<span class=\"_ _7\"></span>dar<span class=\"_ _7\"></span>y of an in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>ct if they ar<span class=\"_ _7\"></span>ise fro<span class=\"_ _7\"></span>m substa<span class=\"_ _7\"></span>ntive rig<span class=\"_ _7\"></span>hts and obl<span class=\"_ _7\"></span>igations th<span class=\"_ _7\"></span>at exist du<span class=\"_ _7\"></span>ring the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> in whi<span class=\"_ _7\"></span>ch the Gro<span class=\"_ _7\"></span>up can c<span class=\"_ _7\"></span>ompe<span class=\"_ _7\"></span>l the poli<span class=\"_ _7\"></span>cyhol<span class=\"_ _7\"></span>der to pay the prem<span class=\"_ _7\"></span>iums, or in w<span class=\"_ _7\"></span>hich the G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s a substa<span class=\"_ _7\"></span>ntive oblig<span class=\"_ _7\"></span>ation to provid<span class=\"_ _7\"></span>e the polic<span class=\"_ _7\"></span>yhold<span class=\"_ _7\"></span>er wi<span class=\"_ _7\"></span>th ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ces. A sub<span class=\"_ _7\"></span>stantive ob<span class=\"_ _7\"></span>ligatio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> to provide se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice<span class=\"_ _7\"></span>s ends w<span class=\"_ _7\"></span>hen:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the Group h<span class=\"_ _7\"></span>as the prac<span class=\"_ _7\"></span>tical a<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y to reass<span class=\"_ _7\"></span>ess the r<span class=\"_ _7\"></span>isks of </span>the par<span class=\"_ _7\"></span>ti<span class=\"_ _7\"></span>cular p<span class=\"_ _7\"></span>olicy<span class=\"_ _7\"></span>holde<span class=\"_ _7\"></span>r and, as a re<span class=\"_ _7\"></span>sult, can set a p<span class=\"_ _7\"></span>rice or level of b<span class=\"_ _7\"></span>enefits th<span class=\"_ _7\"></span>at full<span class=\"_ _7\"></span>y reflects tho<span class=\"_ _7\"></span>se ris<span class=\"_ _7\"></span>ks<span class=\"_ _9\"></span>; or<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>both of the followin<span class=\"_ _7\"></span>g criter<span class=\"_ _7\"></span>ia are satis<span class=\"_ _7\"></span>fied:</span> A<span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s the practi<span class=\"_ _7\"></span>cal ab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y to reasse<span class=\"_ _7\"></span>ss the </span>ris<span class=\"_ _7\"></span>ks of the por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio of insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts that conta<span class=\"_ _7\"></span>in the co<span class=\"_ _7\"></span>ntract and, as a re<span class=\"_ _7\"></span>sult, ca<span class=\"_ _7\"></span>n set a <span class=\"ls8 ws4\"> </span>pri<span class=\"_ _7\"></span>ce or level of b<span class=\"_ _7\"></span>enefits th<span class=\"_ _7\"></span>at fully re<span class=\"_ _7\"></span>flects the r<span class=\"_ _7\"></span>isk <span class=\"ls8 ws4\"> </span>of that por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio; and A<span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the p<span class=\"_ _7\"></span>rici<span class=\"_ _7\"></span>ng of the premi<span class=\"_ _7\"></span>ums for cover<span class=\"_ _7\"></span>age up to <span class=\"ls8 ws4\"> </span></span>the date whe<span class=\"_ _7\"></span>n the ris<span class=\"_ _7\"></span>ks are rea<span class=\"_ _7\"></span>sses<span class=\"_ _7\"></span>sed do<span class=\"_ _7\"></span>es <span class=\"ls8 ws4\"> </span>not take into acco<span class=\"_ _7\"></span>unt the ris<span class=\"_ _7\"></span>ks that relate to<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>per<span class=\"_ _7\"></span>iods af<span class=\"_ _7\"></span>ter the re<span class=\"_ _7\"></span>ass<span class=\"_ _7\"></span>essm<span class=\"_ _7\"></span>ent date.<span class=\"_ _304\"> </span>A lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y or as<span class=\"_ _7\"></span>set relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o exp<span class=\"_ _7\"></span>ected pre<span class=\"_ _7\"></span>miums o<span class=\"_ _7\"></span>r claim<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> outsi<span class=\"_ _7\"></span>de the bou<span class=\"_ _7\"></span>ndar<span class=\"_ _7\"></span>y of the i<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce con<span class=\"_ _7\"></span>tract is not reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d. Such am<span class=\"_ _7\"></span>ounts rel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e to future i<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce contr<span class=\"_ _7\"></span>acts.<span class=\"_ _304\"> </span>(f<span class=\"_ _7\"></span>) Mea<span class=\"_ _7\"></span>surem<span class=\"_ _7\"></span>ent \u2013 pre<span class=\"_ _7\"></span>mium all<span class=\"_ _7\"></span>ocatio<span class=\"_ _7\"></span>n approac<span class=\"_ _7\"></span>h<span class=\"_ _304\"> </span>Initia<span class=\"_ _7\"></span>l measureme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup ap<span class=\"_ _7\"></span>plie<span class=\"_ _7\"></span>s the premi<span class=\"_ _7\"></span>um allo<span class=\"_ _7\"></span>cation a<span class=\"_ _7\"></span>pproach (<span class=\"_ _7\"></span>P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A) <span class=\"ls8 ws4\"> </span>to the major<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y of the insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts that it i<span class=\"_ _7\"></span>ssue<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span>and re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts that it h<span class=\"_ _7\"></span>olds, be<span class=\"_ _7\"></span>cause:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the coverag<span class=\"_ _7\"></span>e peri<span class=\"_ _7\"></span>od of each c<span class=\"_ _7\"></span>ontract in th<span class=\"_ _7\"></span>e group is <span class=\"ls8 ws4\"> </span></span>one year or<span class=\"_ _9\"></span> less; or<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>for contrac<span class=\"_ _7\"></span>ts longe<span class=\"_ _7\"></span>r than on<span class=\"_ _7\"></span>e year<span class=\"_ _a\"></span>, th<span class=\"_ _7\"></span>e Group ha<span class=\"_ _7\"></span>s </span>modelled possible futur<span class=\"_ _9\"></span>e scenarios and reasonably<span class=\"_ _9\"></span> expe<span class=\"_ _7\"></span>cts that the me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>ment of the L<span class=\"_ _7\"></span>RC for the <span class=\"ls8 ws4\"> </span>group c<span class=\"_ _7\"></span>ontain<span class=\"_ _7\"></span>ing those c<span class=\"_ _7\"></span>ontracts u<span class=\"_ _7\"></span>nder th<span class=\"_ _7\"></span>e P<span class=\"_ _a\"></span>A<span class=\"_ _8\"></span>A <span class=\"ls8 ws4\"> </span>doe<span class=\"_ _7\"></span>s not dif<span class=\"_ _7\"></span>fer m<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>riall<span class=\"_ _7\"></span>y from the m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>rement th<span class=\"_ _7\"></span>at would be<span class=\"_ _9\"></span> produced applying the general model.<span class=\"_ _304\"> </span>For in<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s issued,<span class=\"_ _9\"></span> on initial r<span class=\"_ _9\"></span>ecognition, t<span class=\"_ _9\"></span>he Group<span class=\"_ _9\"></span> mea<span class=\"_ _7\"></span>sures th<span class=\"_ _7\"></span>e LRC as the a<span class=\"_ _7\"></span>mount of pre<span class=\"_ _7\"></span>miums re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>ved, less any acq<span class=\"_ _7\"></span>uisitio<span class=\"_ _7\"></span>n cash fl<span class=\"_ _7\"></span>ows paid an<span class=\"_ _7\"></span>d any amou<span class=\"_ _7\"></span>nts aris<span class=\"_ _7\"></span>ing from the derecognit<span class=\"_ _9\"></span>ion of t<span class=\"_ _9\"></span>he insurance acquisit<span class=\"_ _9\"></span>ion cash flow<span class=\"_ _9\"></span>s asset<span class=\"_ _9\"></span> and the<span class=\"_ _9\"></span> derecognition of<span class=\"_ _9\"></span> any ot<span class=\"_ _9\"></span>her relevan<span class=\"_ _9\"></span>t pre-recognition<span class=\"_ _9\"></span> ca<span class=\"_ _7\"></span>sh flow<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>For r<span class=\"_ _9\"></span>einsurance contra<span class=\"_ _9\"></span>cts held,<span class=\"_ _9\"></span> on initial r<span class=\"_ _9\"></span>ecognition,<span class=\"_ _9\"></span> the Group<span class=\"_ _9\"></span> mea<span class=\"_ _7\"></span>sures a<span class=\"_ _7\"></span>ssets for the re<span class=\"_ _7\"></span>main<span class=\"_ _7\"></span>ing coverag<span class=\"_ _7\"></span>e at the amo<span class=\"_ _7\"></span>unt of ced<span class=\"_ _7\"></span>ing prem<span class=\"_ _7\"></span>iums pa<span class=\"_ _7\"></span>id, plus broker fe<span class=\"_ _7\"></span>es pai<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o a pa<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>y other tha<span class=\"_ _7\"></span>n the reins<span class=\"_ _7\"></span>urer an<span class=\"_ _7\"></span>d any amou<span class=\"_ _7\"></span>nts aris<span class=\"_ _7\"></span>ing from th<span class=\"_ _7\"></span>e derecognition o<span class=\"_ _9\"></span>f any o<span class=\"_ _9\"></span>ther relev<span class=\"_ _9\"></span>ant pre-r<span class=\"_ _9\"></span>ecognition cash flow<span class=\"_ _9\"></span>s.<span class=\"_ _304\"> </span>For in<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s issued,<span class=\"_ _9\"></span> insurance acquisition<span class=\"_ _9\"></span> cash flows all<span class=\"_ _7\"></span>ocated to a group are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised over th<span class=\"_ _7\"></span>e coverage per<span class=\"_ _7\"></span>iod of con<span class=\"_ _7\"></span>tracts in the gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>. For re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts hel<span class=\"_ _7\"></span>d, broker fees a<span class=\"_ _7\"></span>re recog<span class=\"_ _7\"></span>nise<span class=\"_ _7\"></span>d ov<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>r the coverage p<span class=\"_ _7\"></span>eri<span class=\"_ _7\"></span>od of contra<span class=\"_ _7\"></span>cts in a group.<span class=\"_ _304\"> </span>Subs<span class=\"_ _9\"></span>equent m<span class=\"_ _9\"></span>easuremen<span class=\"_ _9\"></span>t<span class=\"_ _304\"> </span>For insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e contracts i<span class=\"_ _7\"></span>ssue<span class=\"_ _7\"></span>d, at each of the su<span class=\"_ _7\"></span>bsequ<span class=\"_ _7\"></span>ent repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting dates, the LRC i<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>increased f<span class=\"_ _9\"></span>or premiums received in t<span class=\"_ _9\"></span>he period;<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>de<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>ed for insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e acquis<span class=\"_ _7\"></span>ition c<span class=\"_ _7\"></span>ash flows pa<span class=\"_ _7\"></span>id in <span class=\"ls8 ws4\"> </span></span></span>the period<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>decre<span class=\"_ _7\"></span>ased fo<span class=\"_ _7\"></span>r the amou<span class=\"_ _7\"></span>nts of expected p<span class=\"_ _7\"></span>remiu<span class=\"_ _7\"></span>m recei<span class=\"_ _7\"></span>pts<span class=\"_ _9\"></span> </span>reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue for the s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>es provid<span class=\"_ _7\"></span>ed in the pe<span class=\"_ _7\"></span>riod;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>incr<span class=\"_ _9\"></span>eased for the<span class=\"_ _9\"></span> amor<span class=\"_ _7\"></span>tisat<span class=\"_ _9\"></span>ion of ins<span class=\"_ _9\"></span>urance acquisition<span class=\"_ _9\"></span> </span>cas<span class=\"_ _7\"></span>h flows in the pe<span class=\"_ _7\"></span>riod re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised a<span class=\"_ _7\"></span>s insura<span class=\"_ _7\"></span>nce se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice expe<span class=\"_ _7\"></span>nses; and d<span class=\"_ _7\"></span>ecrea<span class=\"_ _7\"></span>sed for a<span class=\"_ _7\"></span>ny investment c<span class=\"_ _7\"></span>ompo<span class=\"_ _7\"></span>nent paid or t<span class=\"_ _9\"></span>ransferred t<span class=\"_ _9\"></span>o the<span class=\"_ _9\"></span> liability for incurred clai<span class=\"_ _9\"></span>ms.<span class=\"_ _304\"> </span>For rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts held, at ea<span class=\"_ _7\"></span>ch of the subs<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>nt repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting dates, the rem<span class=\"_ _7\"></span>ainin<span class=\"_ _7\"></span>g coverage is:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>increased f<span class=\"_ _9\"></span>or ceding premiums paid in<span class=\"_ _9\"></span> the period;<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>inc<span class=\"_ _7\"></span>rease<span class=\"_ _7\"></span>d for broker fee<span class=\"_ _7\"></span>s paid i<span class=\"_ _7\"></span>n the per<span class=\"_ _7\"></span>iod;<span class=\"_ _304\"> </span></span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>decreased for the e<span class=\"_ _9\"></span>xpected amounts<span class=\"_ _9\"></span> of ceding premiums<span class=\"_ _9\"></span> </span></span>and b<span class=\"_ _7\"></span>roker fees re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised a<span class=\"_ _7\"></span>s reinsur<span class=\"_ _7\"></span>ance ex<span class=\"_ _7\"></span>pense<span class=\"_ _7\"></span>s for the se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice<span class=\"_ _7\"></span>s rece<span class=\"_ _7\"></span>ived in the p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span>; an<span class=\"_ _7\"></span>d<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>decre<span class=\"_ _7\"></span>ased fo<span class=\"_ _7\"></span>r any investme<span class=\"_ _7\"></span>nt comp<span class=\"_ _7\"></span>onent pa<span class=\"_ _7\"></span>id or </span>trans<span class=\"_ _7\"></span>ferred to the rei<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce as<span class=\"_ _7\"></span>sets for incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims.<span class=\"_ _304\"> </span>The Group does no<span class=\"_ _9\"></span>t adjust<span class=\"_ _9\"></span> the LRC f<span class=\"_ _9\"></span>or insurance cont<span class=\"_ _9\"></span>racts<span class=\"_ _9\"></span> issu<span class=\"_ _7\"></span>ed or the re<span class=\"_ _7\"></span>main<span class=\"_ _7\"></span>ing coverag<span class=\"_ _7\"></span>e for reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts held for the ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t of the time valu<span class=\"_ _7\"></span>e of money<span class=\"_ _9\"></span>, beca<span class=\"_ _7\"></span>use as<span class=\"_ _7\"></span>sociated prem<span class=\"_ _7\"></span>iums are d<span class=\"_ _7\"></span>ue withi<span class=\"_ _7\"></span>n one yea<span class=\"_ _7\"></span>r of the coverage p<span class=\"_ _7\"></span>eri<span class=\"_ _7\"></span>od. The Group only a<span class=\"_ _9\"></span>djusts t<span class=\"_ _9\"></span>he remaining co<span class=\"_ _9\"></span>verage f<span class=\"_ _9\"></span>or reinsurance<span class=\"_ _9\"></span> contra<span class=\"_ _7\"></span>cts held fo<span class=\"_ _7\"></span>r the time valu<span class=\"_ _7\"></span>e of money in re<span class=\"_ _7\"></span>lation to the leg<span class=\"_ _7\"></span>acy por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio tra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>ons (LPT<span class=\"_ _7\"></span>) th<span class=\"_ _7\"></span>at were held, as th<span class=\"_ _7\"></span>e asso<span class=\"_ _7\"></span>ciated prem<span class=\"_ _7\"></span>iums are n<span class=\"_ _7\"></span>ot due with<span class=\"_ _7\"></span>in one yea<span class=\"_ _7\"></span>r of the coverage p<span class=\"_ _7\"></span>eri<span class=\"_ _7\"></span>od.<span class=\"_ _304\"> </span>The Group est<span class=\"_ _9\"></span>imates t<span class=\"_ _9\"></span>he liability for i<span class=\"_ _9\"></span>ncurred claims (LIC<span class=\"_ _9\"></span>) <span class=\"ls8 ws4\"> </span>as the f<span class=\"_ _7\"></span>ulfilm<span class=\"_ _7\"></span>ent cas<span class=\"_ _7\"></span>h flows related to incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims. Th<span class=\"_ _7\"></span>e ful<span class=\"_ _7\"></span>filment c<span class=\"_ _7\"></span>ash flows i<span class=\"_ _7\"></span>ncor<span class=\"_ _7\"></span>porate, in an unbi<span class=\"_ _7\"></span>ased way<span class=\"_ _9\"></span>, all reasonable and supportable informa<span class=\"_ _9\"></span>tion av<span class=\"_ _9\"></span>ailable without<span class=\"_ _9\"></span> undu<span class=\"_ _7\"></span>e cost or e<span class=\"_ _7\"></span>ffo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t about th<span class=\"_ _7\"></span>e amou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, timi<span class=\"_ _7\"></span>ng and un<span class=\"_ _7\"></span>cer<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>inty of those f<span class=\"_ _7\"></span>uture ca<span class=\"_ _7\"></span>sh flows, and they refl<span class=\"_ _7\"></span>ect cu<span class=\"_ _7\"></span>rrent e<span class=\"_ _7\"></span>stimates from th<span class=\"_ _7\"></span>e pers<span class=\"_ _7\"></span>pecti<span class=\"_ _7\"></span>ve of the entit<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. If facts a<span class=\"_ _7\"></span>nd circum<span class=\"_ _7\"></span>stanc<span class=\"_ _7\"></span>es ind<span class=\"_ _7\"></span>icate that a group of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contract<span class=\"_ _9\"></span>s measured under t<span class=\"_ _9\"></span>he P<span class=\"_ _9\"></span>AA is onerous on<span class=\"_ _9\"></span> initial recognition or<span class=\"_ _9\"></span> has become onerous subsequent<span class=\"_ _9\"></span>ly<span class=\"_ _a\"></span>, the Group<span class=\"_ _9\"></span> incre<span class=\"_ _7\"></span>ase<span class=\"_ _7\"></span>s the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of the LR<span class=\"_ _7\"></span>C<span class=\"_ _9\"></span>, rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ing a los<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> com<span class=\"_ _7\"></span>pone<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, to the amou<span class=\"_ _7\"></span>nts of the excess of the f<span class=\"_ _7\"></span>ulfilm<span class=\"_ _7\"></span>ent cas<span class=\"_ _7\"></span>h flows that relate to the rema<span class=\"_ _7\"></span>ining c<span class=\"_ _7\"></span>overage of the grou<span class=\"_ _7\"></span>p of contrac<span class=\"_ _7\"></span>ts, ov<span class=\"_ _9\"></span>er th<span class=\"_ _7\"></span>e car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of the LRC of th<span class=\"_ _7\"></span>e group.<span class=\"_ _9\"></span> The a<span class=\"_ _7\"></span>mount of su<span class=\"_ _7\"></span>ch an in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in insur<span class=\"_ _7\"></span>ance ser<span class=\"_ _7\"></span>vice expenses. Subsequently<span class=\"_ _a\"></span>, the<span class=\"_ _9\"></span> loss component is amo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>sed over the c<span class=\"_ _7\"></span>overage pe<span class=\"_ _7\"></span>riod of the g<span class=\"_ _7\"></span>roup of contra<span class=\"_ _7\"></span>cts.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>n a loss i<span class=\"_ _7\"></span>s recog<span class=\"_ _7\"></span>nised o<span class=\"_ _7\"></span>n initia<span class=\"_ _7\"></span>l reco<span class=\"_ _7\"></span>gnition of a<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span>onerous gr<span class=\"_ _9\"></span>oup of underlying in<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s or on<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>addition<span class=\"_ _9\"></span> of onerous<span class=\"_ _9\"></span> underlying insurance contra<span class=\"_ _9\"></span>cts t<span class=\"_ _9\"></span>o that<span class=\"_ _304\"> </span>group, the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mount of the re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce as<span class=\"_ _7\"></span>set for remaining co<span class=\"_ _9\"></span>verage f<span class=\"_ _9\"></span>or reinsurance con<span class=\"_ _9\"></span>tracts<span class=\"_ _9\"></span> held measured und<span class=\"_ _7\"></span>er the P<span class=\"_ _9\"></span>A<span class=\"_ _7\"></span>A is inc<span class=\"_ _7\"></span>rease<span class=\"_ _7\"></span>d by the amou<span class=\"_ _7\"></span>nt of expected recover<span class=\"_ _7\"></span>ies th<span class=\"_ _7\"></span>at will be i<span class=\"_ _7\"></span>n the conso<span class=\"_ _7\"></span>lidated in<span class=\"_ _7\"></span>come st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent and a loss r<span class=\"_ _9\"></span>ecovery component is established or<span class=\"_ _9\"></span> adjusted<span class=\"_ _9\"></span> for that am<span class=\"_ _7\"></span>ount. The lo<span class=\"_ _7\"></span>ss rec<span class=\"_ _7\"></span>over<span class=\"_ _7\"></span>y compo<span class=\"_ _7\"></span>nent is c<span class=\"_ _7\"></span>alcu<span class=\"_ _7\"></span>lated by m<span class=\"_ _9\"></span>ultiplying the<span class=\"_ _9\"></span> loss component recognised on<span class=\"_ _9\"></span> underly<span class=\"_ _7\"></span>ing<span class=\"_ _9\"></span> insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts by the p<span class=\"_ _7\"></span>ercent<span class=\"_ _7\"></span>age of clai<span class=\"_ _7\"></span>ms on und<span class=\"_ _7\"></span>erl<span class=\"_ _7\"></span>ying insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts that th<span class=\"_ _7\"></span>e Group exp<span class=\"_ _7\"></span>ects to recover f<span class=\"_ _7\"></span>rom the rei<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts held th<span class=\"_ _7\"></span>at are entere<span class=\"_ _7\"></span>d into before or at the sa<span class=\"_ _7\"></span>me time as th<span class=\"_ _7\"></span>e loss is re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised o<span class=\"_ _7\"></span>n the unde<span class=\"_ _7\"></span>rly<span class=\"_ _7\"></span>ing insurance cont<span class=\"_ _9\"></span>racts.<span class=\"_ _9\"></span> When underlying insurance contr<span class=\"_ _9\"></span>acts<span class=\"_ _9\"></span> that are re<span class=\"_ _7\"></span>insure<span class=\"_ _7\"></span>d are incl<span class=\"_ _7\"></span>uded in th<span class=\"_ _7\"></span>e same g<span class=\"_ _7\"></span>roup as in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts issu<span class=\"_ _7\"></span>ed that are n<span class=\"_ _7\"></span>ot reinsure<span class=\"_ _7\"></span>d, the Group a<span class=\"_ _7\"></span>pplie<span class=\"_ _7\"></span>s a systematic a<span class=\"_ _7\"></span>nd ration<span class=\"_ _7\"></span>al method of a<span class=\"_ _7\"></span>llocati<span class=\"_ _7\"></span>on to determin<span class=\"_ _7\"></span>e the por<span class=\"_ _7\"></span>tio<span class=\"_ _7\"></span>n of losse<span class=\"_ _7\"></span>s that relates to und<span class=\"_ _7\"></span>erly<span class=\"_ _7\"></span>ing ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts.<span class=\"_ _304\"> </span>(g) Insura<span class=\"_ _7\"></span>nce reven<span class=\"_ _7\"></span>ue<span class=\"_ _304\"> </span>The i<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce revenu<span class=\"_ _7\"></span>e for the pe<span class=\"_ _7\"></span>riod is th<span class=\"_ _7\"></span>e amount of ex<span class=\"_ _7\"></span>pected premium r<span class=\"_ _9\"></span>eceipts (<span class=\"_ _9\"></span>ex<span class=\"_ _9\"></span>cluding an<span class=\"_ _9\"></span>y invest<span class=\"_ _9\"></span>ment component<span class=\"_ _9\"></span>) allo<span class=\"_ _7\"></span>cated to the per<span class=\"_ _7\"></span>iod. The G<span class=\"_ _7\"></span>roup all<span class=\"_ _7\"></span>ocates the ex<span class=\"_ _7\"></span>pected prem<span class=\"_ _7\"></span>ium rec<span class=\"_ _7\"></span>eipts to each pe<span class=\"_ _7\"></span>riod of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>ct <span class=\"ls8 ws4\"> </span>ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ices o<span class=\"_ _7\"></span>n the basi<span class=\"_ _7\"></span>s of the pass<span class=\"_ _7\"></span>age of time. Bu<span class=\"_ _7\"></span>t if the <span class=\"ls8 ws4\"> </span>expe<span class=\"_ _7\"></span>cted pat<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>n of rele<span class=\"_ _7\"></span>ase of ris<span class=\"_ _7\"></span>k durin<span class=\"_ _7\"></span>g the coverag<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>per<span class=\"_ _7\"></span>iod di<span class=\"_ _7\"></span>ffe<span class=\"_ _7\"></span>rs sig<span class=\"_ _7\"></span>nific<span class=\"_ _7\"></span>antly fro<span class=\"_ _7\"></span>m the pass<span class=\"_ _7\"></span>age of time, for examp<span class=\"_ _7\"></span>le a group of co<span class=\"_ _7\"></span>ntracts that is ex<span class=\"_ _7\"></span>posed to larg<span class=\"_ _7\"></span>e <span class=\"ls8 ws4\"> </span>natura<span class=\"_ _7\"></span>l catastro<span class=\"_ _7\"></span>phe ris<span class=\"_ _7\"></span>k conc<span class=\"_ _7\"></span>entrated in the fi<span class=\"_ _7\"></span>rst or se<span class=\"_ _7\"></span>cond <span class=\"ls8 ws4\"> </span>hal<span class=\"_ _7\"></span>f of the year<span class=\"_ _a\"></span>, th<span class=\"_ _7\"></span>en the al<span class=\"_ _7\"></span>locatio<span class=\"_ _7\"></span>n is made o<span class=\"_ _7\"></span>n the basis of <span class=\"ls8 ws4\"> </span>the expe<span class=\"_ _7\"></span>cted timin<span class=\"_ _7\"></span>g of incur<span class=\"_ _7\"></span>red insu<span class=\"_ _7\"></span>rance s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span>Cha<span class=\"_ _7\"></span>nges to the bas<span class=\"_ _7\"></span>is of allo<span class=\"_ _7\"></span>cation a<span class=\"_ _7\"></span>re accou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed fo<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> prosp<span class=\"_ _7\"></span>ective<span class=\"_ _7\"></span>ly as a ch<span class=\"_ _7\"></span>ange in a<span class=\"_ _7\"></span>ccou<span class=\"_ _7\"></span>nting estim<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(h)<span class=\"_ _9\"></span> Insurance ser<span class=\"_ _7\"></span>vice expenses<span class=\"_ _304\"> </span>Insurance ser<span class=\"_ _7\"></span>vice expenses include t<span class=\"_ _9\"></span>he following<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>incurred<span class=\"_ _9\"></span> claims, e<span class=\"_ _9\"></span>xcluding<span class=\"_ _9\"></span> invest<span class=\"_ _9\"></span>ment components<span class=\"_ _9\"></span> </span>reduced b<span class=\"_ _9\"></span>y loss component allocat<span class=\"_ _9\"></span>ions;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>other incu<span class=\"_ _7\"></span>rred di<span class=\"_ _7\"></span>rectly at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses;<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>insurance acquisit<span class=\"_ _9\"></span>ion cash flow<span class=\"_ _9\"></span>s amor<span class=\"_ _7\"></span>tisat<span class=\"_ _9\"></span>ion using t<span class=\"_ _9\"></span>he </span></span>pat<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rn that is co<span class=\"_ _7\"></span>nsistent w<span class=\"_ _7\"></span>ith the insu<span class=\"_ _7\"></span>rance reve<span class=\"_ _7\"></span>nue;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>chang<span class=\"_ _7\"></span>es that re<span class=\"_ _7\"></span>late t<span class=\"_ _9\"></span>o past s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s that relate to future se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice;<span class=\"_ _304\"> </span></span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e acquis<span class=\"_ _7\"></span>ition c<span class=\"_ _7\"></span>ash flows as<span class=\"_ _7\"></span>sets impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>; an<span class=\"_ _7\"></span>d<span class=\"_ _304\"> </span></span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>ma<span class=\"_ _7\"></span>ndator<span class=\"_ _7\"></span>y reinst<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent pre<span class=\"_ _7\"></span>miums.<span class=\"_ _304\"> </span></span></span>Oth<span class=\"_ _7\"></span>er expe<span class=\"_ _7\"></span>nses not m<span class=\"_ _7\"></span>eeting the a<span class=\"_ _7\"></span>bove categor<span class=\"_ _7\"></span>ies a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>incl<span class=\"_ _7\"></span>uded i<span class=\"_ _7\"></span>n other ope<span class=\"_ _7\"></span>rating exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s in the cons<span class=\"_ _7\"></span>olidated inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span>(i) Allocation o<span class=\"_ _9\"></span>f reinsurance premiums<span class=\"_ _304\"> </span>The allocation o<span class=\"_ _9\"></span>f reinsurance premiums includes r<span class=\"_ _9\"></span>einsurance prem<span class=\"_ _7\"></span>iums an<span class=\"_ _7\"></span>d other incu<span class=\"_ _7\"></span>rred d<span class=\"_ _7\"></span>irectly at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses. Reinsurance premium and e<span class=\"_ _9\"></span>xpenses are recognised <span class=\"ls8 ws4\"> </span>simi<span class=\"_ _7\"></span>larl<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e revenue. Th<span class=\"_ _7\"></span>e amou<span class=\"_ _7\"></span>nt of reinsur<span class=\"_ _7\"></span>ance expenses recognised in the<span class=\"_ _9\"></span> repor<span class=\"_ _7\"></span>ting period depicts<span class=\"_ _9\"></span> the trans<span class=\"_ _7\"></span>fer of rece<span class=\"_ _7\"></span>ived ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contract s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ces at an <span class=\"ls8 ws4\"> </span>amount tha<span class=\"_ _9\"></span>t reflects t<span class=\"_ _9\"></span>he por<span class=\"_ _7\"></span>tion o<span class=\"_ _9\"></span>f ceding premiums tha<span class=\"_ _9\"></span>t the Gro<span class=\"_ _7\"></span>up expec<span class=\"_ _7\"></span>ts t<span class=\"_ _9\"></span>o pay in excha<span class=\"_ _7\"></span>nge for thos<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ices. Additionally<span class=\"_ _a\"></span>, brok<span class=\"_ _9\"></span>er fees and ceding commissions tha<span class=\"_ _9\"></span>t are <span class=\"ls8 ws4\"> </span>not conti<span class=\"_ _7\"></span>ngent o<span class=\"_ _7\"></span>n claim<span class=\"_ _7\"></span>s of the unde<span class=\"_ _7\"></span>rlyi<span class=\"_ _7\"></span>ng contra<span class=\"_ _7\"></span>cts issu<span class=\"_ _7\"></span>ed redu<span class=\"_ _7\"></span>ce ced<span class=\"_ _7\"></span>ing prem<span class=\"_ _7\"></span>iums a<span class=\"_ _7\"></span>nd are acc<span class=\"_ _7\"></span>ounted for as pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t of<span class=\"_ _9\"></span> reinsurance premiums<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>In addition<span class=\"_ _9\"></span>, the<span class=\"_ _9\"></span> allocation of r<span class=\"_ _9\"></span>einsurance premiums includes cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n the reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e assets a<span class=\"_ _7\"></span>risin<span class=\"_ _7\"></span>g from retroacti<span class=\"_ _7\"></span>ve<span class=\"_ _9\"></span> reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts held a<span class=\"_ _7\"></span>nd volunta<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y reinstatem<span class=\"_ _7\"></span>ent <span class=\"ls8 ws4\"> </span>ceded premiums.<span class=\"_ _9\"></span> (<span class=\"_ _7\"></span>j) Amounts r<span class=\"_ _9\"></span>ecoverable fr<span class=\"_ _9\"></span>om reinsurers f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _304\"> </span>The amounts<span class=\"_ _9\"></span> recoverable<span class=\"_ _9\"></span> from reinsurers<span class=\"_ _9\"></span> for incurred<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>claims include<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>incurred<span class=\"_ _9\"></span> claims recov<span class=\"_ _9\"></span>eries, ex<span class=\"_ _9\"></span>cluding<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></span>inv<span class=\"_ _9\"></span>estment components<span class=\"_ _9\"></span>;<span class=\"_ _9\"></span> A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>loss-<span class=\"_ _9\"></span>recovery component allocations<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s that relate to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice;<span class=\"_ _304\"> </span></span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls78 ws41\"> <span class=\"_ _24\"></span>ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct of chan<span class=\"_ _7\"></span>ges in th<span class=\"_ _7\"></span>e risk of re<span class=\"_ _7\"></span>insurer<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>\u2019 <span class=\"ls8 ws4\"> </span></span></span>non-performance;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>amount<span class=\"_ _9\"></span>s relat<span class=\"_ _9\"></span>ing t<span class=\"_ _9\"></span>o accounting<span class=\"_ _9\"></span> for onerous<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></span>group<span class=\"_ _7\"></span>s of under<span class=\"_ _7\"></span>lyin<span class=\"_ _7\"></span>g insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts iss<span class=\"_ _7\"></span>ued;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>cedin<span class=\"_ _7\"></span>g comm<span class=\"_ _7\"></span>issio<span class=\"_ _7\"></span>ns that are co<span class=\"_ _7\"></span>ntinge<span class=\"_ _7\"></span>nt on <span class=\"ls8 ws4\"> </span></span>claims of<span class=\"_ _9\"></span> the underlying cont<span class=\"_ _9\"></span>racts issued r<span class=\"_ _9\"></span>educing <span class=\"ls8 ws4\"> </span>incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims re<span class=\"_ _7\"></span>cover<span class=\"_ _7\"></span>y; and<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>mandator<span class=\"_ _7\"></span>y re<span class=\"_ _7\"></span>instateme<span class=\"_ _7\"></span>nt cede<span class=\"_ _7\"></span>d premi<span class=\"_ _7\"></span>ums.<span class=\"_ _304\"> </span></span>(k) Ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e finan<span class=\"_ _7\"></span>ce inco<span class=\"_ _7\"></span>me or exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>Insurance finance income or e<span class=\"_ _9\"></span>xpenses comprise the <span class=\"ls8 ws4\"> </span>cha<span class=\"_ _7\"></span>nge in the c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing amo<span class=\"_ _7\"></span>unt of the group of i<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce contract<span class=\"_ _9\"></span>s arising from<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the ef<span class=\"_ _7\"></span>fect of the tim<span class=\"_ _7\"></span>e value of mo<span class=\"_ _7\"></span>ney and ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span></span>in the tim<span class=\"_ _7\"></span>e value of mon<span class=\"_ _7\"></span>ey<span class=\"_ _a\"></span>. T<span class=\"_ _7\"></span>his ma<span class=\"_ _7\"></span>inly co<span class=\"_ _7\"></span>mpris<span class=\"_ _7\"></span>es <span class=\"ls8 ws4\"> </span>interest a<span class=\"_ _7\"></span>ccreted on the L<span class=\"_ _7\"></span>IC and intere<span class=\"_ _7\"></span>st unwin<span class=\"_ _7\"></span>d on <span class=\"ls8 ws4\"> </span>the AIC; and<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the ef<span class=\"_ _7\"></span>fect of fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l risk a<span class=\"_ _7\"></span>nd cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n financ<span class=\"_ _7\"></span>ial ri<span class=\"_ _7\"></span>sk. </span>Thi<span class=\"_ _7\"></span>s mainl<span class=\"_ _7\"></span>y inclu<span class=\"_ _7\"></span>des the ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct of cha<span class=\"_ _7\"></span>nges in i<span class=\"_ _7\"></span>nterest <span class=\"ls8 ws4\"> </span>rates, for examp<span class=\"_ _7\"></span>le, discou<span class=\"_ _7\"></span>nt rates.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup do<span class=\"_ _7\"></span>es not dis<span class=\"_ _7\"></span>aggreg<span class=\"_ _7\"></span>ate chang<span class=\"_ _7\"></span>es in the r<span class=\"_ _7\"></span>isk adjustment<span class=\"_ _9\"></span> for non-<span class=\"_ _9\"></span>financial risk between in<span class=\"_ _9\"></span>surance <span class=\"ls8 ws4\"> </span>ser<span class=\"_ _7\"></span>vice result and insurance finance i<span class=\"_ _9\"></span>ncome or expenses.<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>The c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>e in the ris<span class=\"_ _7\"></span>k adjustm<span class=\"_ _7\"></span>ent is e<span class=\"_ _7\"></span>ntirely pre<span class=\"_ _7\"></span>sented as <span class=\"ls8 ws4\"> </span>par<span class=\"_ _7\"></span>t of the in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice res<span class=\"_ _7\"></span>ult.<span class=\"_ _304\"> </span>Foreig<span class=\"_ _7\"></span>n ex<span class=\"_ _9\"></span>ch<span class=\"_ _7\"></span>ange g<span class=\"_ _7\"></span>ains an<span class=\"_ _7\"></span>d losse<span class=\"_ _7\"></span>s contin<span class=\"_ _7\"></span>ue to be prese<span class=\"_ _7\"></span>nted as a net othe<span class=\"_ _7\"></span>r foreig<span class=\"_ _7\"></span>n ex<span class=\"_ _9\"></span>ch<span class=\"_ _7\"></span>ange ga<span class=\"_ _7\"></span>in/(loss) line i<span class=\"_ _7\"></span>tem.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInsuranceContracts",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-421": {
   "value": "2.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>2 T<span class=\"_ _9\"></span>axatio<span class=\"_ _7\"></span>n Cur<span class=\"_ _7\"></span>rent ta<span class=\"_ _7\"></span>x, incl<span class=\"_ _7\"></span>uding c<span class=\"_ _7\"></span>orpor<span class=\"_ _7\"></span>ation ta<span class=\"_ _7\"></span>x and fo<span class=\"_ _7\"></span>reign ta<span class=\"_ _7\"></span>x, is provid<span class=\"_ _7\"></span>ed at amo<span class=\"_ _7\"></span>unts expe<span class=\"_ _7\"></span>cted to be paid (or recovere<span class=\"_ _7\"></span>d) <span class=\"ls8 ws4\"> </span>usin<span class=\"_ _7\"></span>g the ta<span class=\"_ _7\"></span>x rates and l<span class=\"_ _7\"></span>aws that have bee<span class=\"_ _7\"></span>n enac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed o<span class=\"_ _7\"></span>r subs<span class=\"_ _7\"></span>tantivel<span class=\"_ _7\"></span>y enac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed by the b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et date. A provision <span class=\"ls8 ws4\"> </span>is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed for thos<span class=\"_ _7\"></span>e matter<span class=\"_ _7\"></span>s for whic<span class=\"_ _7\"></span>h the ta<span class=\"_ _7\"></span>x determ<span class=\"_ _7\"></span>ination is unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>tai<span class=\"_ _7\"></span>n but it is c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered pro<span class=\"_ _7\"></span>bable th<span class=\"_ _7\"></span>at there wil<span class=\"_ _7\"></span>l be a futu<span class=\"_ _7\"></span>re out<span class=\"_ _7\"></span>flow of funds to a ta<span class=\"_ _7\"></span>x au<span class=\"_ _7\"></span>thorit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>. The provi<span class=\"_ _7\"></span>sions a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> mea<span class=\"_ _7\"></span>sured at th<span class=\"_ _7\"></span>e best e<span class=\"_ _7\"></span>stimate of the amou<span class=\"_ _7\"></span>nt expec<span class=\"_ _7\"></span>ted t<span class=\"_ _9\"></span>o bec<span class=\"_ _7\"></span>ome payab<span class=\"_ _7\"></span>le. The as<span class=\"_ _7\"></span>ses<span class=\"_ _7\"></span>sment i<span class=\"_ _7\"></span>s based o<span class=\"_ _7\"></span>n the judg<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span> of tax prof<span class=\"_ _9\"></span>essionals within the Group<span class=\"_ _9\"></span> suppor<span class=\"_ _7\"></span>ted<span class=\"_ _9\"></span> by pre<span class=\"_ _9\"></span>vious expe<span class=\"_ _7\"></span>rien<span class=\"_ _7\"></span>ce in res<span class=\"_ _7\"></span>pec<span class=\"_ _7\"></span>t of such acti<span class=\"_ _7\"></span>vitie<span class=\"_ _7\"></span>s and, in ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain ca<span class=\"_ _7\"></span>ses, base<span class=\"_ _7\"></span>d on adv<span class=\"_ _7\"></span>ice sou<span class=\"_ _7\"></span>ght from s<span class=\"_ _7\"></span>peci<span class=\"_ _7\"></span>alist ta<span class=\"_ _7\"></span>x ad<span class=\"_ _7\"></span>viso<span class=\"_ _7\"></span>rs. Defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x is p<span class=\"_ _7\"></span>rovided in f<span class=\"_ _7\"></span>ull, usin<span class=\"_ _7\"></span>g the liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y method, <span class=\"ls8 ws4\"> </span>on tempo<span class=\"_ _7\"></span>rar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>renc<span class=\"_ _7\"></span>es ari<span class=\"_ _7\"></span>sing bet<span class=\"_ _7\"></span>wee<span class=\"_ _7\"></span>n the ta<span class=\"_ _7\"></span>x base<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span>of asse<span class=\"_ _7\"></span>ts and lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s and the<span class=\"_ _7\"></span>ir ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mounts i<span class=\"_ _7\"></span>n the fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements. However<span class=\"_ _9\"></span>, if the defer<span class=\"_ _7\"></span>red inc<span class=\"_ _7\"></span>ome ta<span class=\"_ _7\"></span>x <span class=\"ls8 ws4\"> </span>ari<span class=\"_ _7\"></span>ses fro<span class=\"_ _7\"></span>m initia<span class=\"_ _7\"></span>l recog<span class=\"_ _7\"></span>nition of a<span class=\"_ _7\"></span>n asset o<span class=\"_ _7\"></span>r liabi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y in a trans<span class=\"_ _7\"></span>action othe<span class=\"_ _7\"></span>r than a bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss com<span class=\"_ _7\"></span>bination th<span class=\"_ _7\"></span>at at the <span class=\"ls8 ws4\"> </span>time o<span class=\"_ _9\"></span>f the t<span class=\"_ _9\"></span>ransaction a<span class=\"_ _9\"></span>f<span class=\"_ _7\"></span>fects neit<span class=\"_ _9\"></span>her accounting<span class=\"_ _9\"></span> nor taxable profit or l<span class=\"_ _7\"></span>oss, it is not re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised. With th<span class=\"_ _7\"></span>e ex<span class=\"_ _9\"></span>ce<span class=\"_ _7\"></span>ption of <span class=\"ls8 ws4\"> </span>defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x rel<span class=\"_ _7\"></span>ated t<span class=\"_ _9\"></span>o top-up i<span class=\"_ _7\"></span>ncome t<span class=\"_ _7\"></span>axe<span class=\"_ _7\"></span>s arisi<span class=\"_ _7\"></span>ng from ta<span class=\"_ _7\"></span>x<span class=\"_ _304\"> </span>law enact<span class=\"_ _9\"></span>ed t<span class=\"_ _9\"></span>o implement Pi<span class=\"_ _9\"></span>llar T<span class=\"_ _a\"></span>wo legisla<span class=\"_ _9\"></span>tion,<span class=\"_ _9\"></span> deferred <span class=\"ls8 ws4\"> </span>ta<span class=\"_ _7\"></span>x is deter<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>d using ta<span class=\"_ _7\"></span>x rates a<span class=\"_ _7\"></span>nd laws that have be<span class=\"_ _7\"></span>en <span class=\"ls8 ws4\"> </span>ena<span class=\"_ _7\"></span>cted or subs<span class=\"_ _7\"></span>tantivel<span class=\"_ _7\"></span>y enac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed by the b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et <span class=\"ls8 ws4\"> </span>date and are ex<span class=\"_ _7\"></span>pected to app<span class=\"_ _7\"></span>ly whe<span class=\"_ _7\"></span>n the related d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span>ta<span class=\"_ _7\"></span>x ass<span class=\"_ _7\"></span>et is real<span class=\"_ _7\"></span>ised or th<span class=\"_ _7\"></span>e defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y is set<span class=\"_ _7\"></span>tled. Defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets are rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed to the extent th<span class=\"_ _7\"></span>at it is probable t<span class=\"_ _9\"></span>hat future<span class=\"_ _9\"></span> ta<span class=\"_ _7\"></span>xable pr<span class=\"_ _9\"></span>ofit will be<span class=\"_ _9\"></span> available<span class=\"_ _9\"></span> against whi<span class=\"_ _7\"></span>ch the tempo<span class=\"_ _7\"></span>rar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rence<span class=\"_ _7\"></span>s can b<span class=\"_ _7\"></span>e utilise<span class=\"_ _7\"></span>d. Deferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x is provid<span class=\"_ _7\"></span>ed on temp<span class=\"_ _7\"></span>orar<span class=\"_ _7\"></span>y di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>es ar<span class=\"_ _7\"></span>ising o<span class=\"_ _7\"></span>n investments i<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> subsidiaries and associat<span class=\"_ _9\"></span>es, e<span class=\"_ _9\"></span>xcept<span class=\"_ _9\"></span> where the Gr<span class=\"_ _9\"></span>oup contr<span class=\"_ _9\"></span>ols the timi<span class=\"_ _7\"></span>ng of the revers<span class=\"_ _7\"></span>al of the tempor<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nce a<span class=\"_ _7\"></span>nd it is proba<span class=\"_ _7\"></span>ble that the tem<span class=\"_ _7\"></span>porar<span class=\"_ _7\"></span>y d<span class=\"_ _7\"></span>if<span class=\"_ _7\"></span>feren<span class=\"_ _7\"></span>ce will n<span class=\"_ _7\"></span>ot reverse in the foreseeable future<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-464": {
   "value": "2.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>2 T<span class=\"_ _9\"></span>axatio<span class=\"_ _7\"></span>n Cur<span class=\"_ _7\"></span>rent ta<span class=\"_ _7\"></span>x, incl<span class=\"_ _7\"></span>uding c<span class=\"_ _7\"></span>orpor<span class=\"_ _7\"></span>ation ta<span class=\"_ _7\"></span>x and fo<span class=\"_ _7\"></span>reign ta<span class=\"_ _7\"></span>x, is provid<span class=\"_ _7\"></span>ed at amo<span class=\"_ _7\"></span>unts expe<span class=\"_ _7\"></span>cted to be paid (or recovere<span class=\"_ _7\"></span>d) <span class=\"ls8 ws4\"> </span>usin<span class=\"_ _7\"></span>g the ta<span class=\"_ _7\"></span>x rates and l<span class=\"_ _7\"></span>aws that have bee<span class=\"_ _7\"></span>n enac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed o<span class=\"_ _7\"></span>r subs<span class=\"_ _7\"></span>tantivel<span class=\"_ _7\"></span>y enac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed by the b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et date. A provision <span class=\"ls8 ws4\"> </span>is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed for thos<span class=\"_ _7\"></span>e matter<span class=\"_ _7\"></span>s for whic<span class=\"_ _7\"></span>h the ta<span class=\"_ _7\"></span>x determ<span class=\"_ _7\"></span>ination is unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>tai<span class=\"_ _7\"></span>n but it is c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered pro<span class=\"_ _7\"></span>bable th<span class=\"_ _7\"></span>at there wil<span class=\"_ _7\"></span>l be a futu<span class=\"_ _7\"></span>re out<span class=\"_ _7\"></span>flow of funds to a ta<span class=\"_ _7\"></span>x au<span class=\"_ _7\"></span>thorit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>. The provi<span class=\"_ _7\"></span>sions a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> mea<span class=\"_ _7\"></span>sured at th<span class=\"_ _7\"></span>e best e<span class=\"_ _7\"></span>stimate of the amou<span class=\"_ _7\"></span>nt expec<span class=\"_ _7\"></span>ted t<span class=\"_ _9\"></span>o bec<span class=\"_ _7\"></span>ome payab<span class=\"_ _7\"></span>le. The as<span class=\"_ _7\"></span>ses<span class=\"_ _7\"></span>sment i<span class=\"_ _7\"></span>s based o<span class=\"_ _7\"></span>n the judg<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span> of tax prof<span class=\"_ _9\"></span>essionals within the Group<span class=\"_ _9\"></span> suppor<span class=\"_ _7\"></span>ted<span class=\"_ _9\"></span> by pre<span class=\"_ _9\"></span>vious expe<span class=\"_ _7\"></span>rien<span class=\"_ _7\"></span>ce in res<span class=\"_ _7\"></span>pec<span class=\"_ _7\"></span>t of such acti<span class=\"_ _7\"></span>vitie<span class=\"_ _7\"></span>s and, in ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain ca<span class=\"_ _7\"></span>ses, base<span class=\"_ _7\"></span>d on adv<span class=\"_ _7\"></span>ice sou<span class=\"_ _7\"></span>ght from s<span class=\"_ _7\"></span>peci<span class=\"_ _7\"></span>alist ta<span class=\"_ _7\"></span>x ad<span class=\"_ _7\"></span>viso<span class=\"_ _7\"></span>rs. Defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x is p<span class=\"_ _7\"></span>rovided in f<span class=\"_ _7\"></span>ull, usin<span class=\"_ _7\"></span>g the liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y method, <span class=\"ls8 ws4\"> </span>on tempo<span class=\"_ _7\"></span>rar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>renc<span class=\"_ _7\"></span>es ari<span class=\"_ _7\"></span>sing bet<span class=\"_ _7\"></span>wee<span class=\"_ _7\"></span>n the ta<span class=\"_ _7\"></span>x base<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span>of asse<span class=\"_ _7\"></span>ts and lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s and the<span class=\"_ _7\"></span>ir ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>ying a<span class=\"_ _7\"></span>mounts i<span class=\"_ _7\"></span>n the fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements. However<span class=\"_ _9\"></span>, if the defer<span class=\"_ _7\"></span>red inc<span class=\"_ _7\"></span>ome ta<span class=\"_ _7\"></span>x <span class=\"ls8 ws4\"> </span>ari<span class=\"_ _7\"></span>ses fro<span class=\"_ _7\"></span>m initia<span class=\"_ _7\"></span>l recog<span class=\"_ _7\"></span>nition of a<span class=\"_ _7\"></span>n asset o<span class=\"_ _7\"></span>r liabi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y in a trans<span class=\"_ _7\"></span>action othe<span class=\"_ _7\"></span>r than a bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss com<span class=\"_ _7\"></span>bination th<span class=\"_ _7\"></span>at at the <span class=\"ls8 ws4\"> </span>time o<span class=\"_ _9\"></span>f the t<span class=\"_ _9\"></span>ransaction a<span class=\"_ _9\"></span>f<span class=\"_ _7\"></span>fects neit<span class=\"_ _9\"></span>her accounting<span class=\"_ _9\"></span> nor taxable profit or l<span class=\"_ _7\"></span>oss, it is not re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised. With th<span class=\"_ _7\"></span>e ex<span class=\"_ _9\"></span>ce<span class=\"_ _7\"></span>ption of <span class=\"ls8 ws4\"> </span>defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x rel<span class=\"_ _7\"></span>ated t<span class=\"_ _9\"></span>o top-up i<span class=\"_ _7\"></span>ncome t<span class=\"_ _7\"></span>axe<span class=\"_ _7\"></span>s arisi<span class=\"_ _7\"></span>ng from ta<span class=\"_ _7\"></span>x<span class=\"_ _304\"> </span>law enact<span class=\"_ _9\"></span>ed t<span class=\"_ _9\"></span>o implement Pi<span class=\"_ _9\"></span>llar T<span class=\"_ _a\"></span>wo legisla<span class=\"_ _9\"></span>tion,<span class=\"_ _9\"></span> deferred <span class=\"ls8 ws4\"> </span>ta<span class=\"_ _7\"></span>x is deter<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>d using ta<span class=\"_ _7\"></span>x rates a<span class=\"_ _7\"></span>nd laws that have be<span class=\"_ _7\"></span>en <span class=\"ls8 ws4\"> </span>ena<span class=\"_ _7\"></span>cted or subs<span class=\"_ _7\"></span>tantivel<span class=\"_ _7\"></span>y enac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed by the b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et <span class=\"ls8 ws4\"> </span>date and are ex<span class=\"_ _7\"></span>pected to app<span class=\"_ _7\"></span>ly whe<span class=\"_ _7\"></span>n the related d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span>ta<span class=\"_ _7\"></span>x ass<span class=\"_ _7\"></span>et is real<span class=\"_ _7\"></span>ised or th<span class=\"_ _7\"></span>e defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y is set<span class=\"_ _7\"></span>tled. Defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets are rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed to the extent th<span class=\"_ _7\"></span>at it is probable t<span class=\"_ _9\"></span>hat future<span class=\"_ _9\"></span> ta<span class=\"_ _7\"></span>xable pr<span class=\"_ _9\"></span>ofit will be<span class=\"_ _9\"></span> available<span class=\"_ _9\"></span> against whi<span class=\"_ _7\"></span>ch the tempo<span class=\"_ _7\"></span>rar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rence<span class=\"_ _7\"></span>s can b<span class=\"_ _7\"></span>e utilise<span class=\"_ _7\"></span>d. Deferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x is provid<span class=\"_ _7\"></span>ed on temp<span class=\"_ _7\"></span>orar<span class=\"_ _7\"></span>y di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>es ar<span class=\"_ _7\"></span>ising o<span class=\"_ _7\"></span>n investments i<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> subsidiaries and associat<span class=\"_ _9\"></span>es, e<span class=\"_ _9\"></span>xcept<span class=\"_ _9\"></span> where the Gr<span class=\"_ _9\"></span>oup contr<span class=\"_ _9\"></span>ols the timi<span class=\"_ _7\"></span>ng of the revers<span class=\"_ _7\"></span>al of the tempor<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nce a<span class=\"_ _7\"></span>nd it is proba<span class=\"_ _7\"></span>ble that the tem<span class=\"_ _7\"></span>porar<span class=\"_ _7\"></span>y d<span class=\"_ _7\"></span>if<span class=\"_ _7\"></span>feren<span class=\"_ _7\"></span>ce will n<span class=\"_ _7\"></span>ot reverse in the foreseeable future<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-422": {
   "value": "2.<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>3 Employee<span class=\"_ _9\"></span> benefits<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Pension<span class=\"_ _9\"></span> obligations<span class=\"_ _304\"> </span>The Group has<span class=\"_ _9\"></span> defined contribution<span class=\"_ _9\"></span> and defined benefit<span class=\"_ _9\"></span> pension schemes. The defined<span class=\"_ _9\"></span> benefit scheme closed t<span class=\"_ _9\"></span>o <span class=\"ls8 ws4\"> </span>futu<span class=\"_ _7\"></span>re accr<span class=\"_ _7\"></span>ual wi<span class=\"_ _7\"></span>th ef<span class=\"_ _7\"></span>fect from 31<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>200<span class=\"_ _7\"></span>6 and <span class=\"ls8 ws4\"> </span>active m<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>rs were of<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>d memb<span class=\"_ _7\"></span>ersh<span class=\"_ _7\"></span>ip of the defin<span class=\"_ _7\"></span>ed contr<span class=\"_ _7\"></span>ibutio<span class=\"_ _7\"></span>n sche<span class=\"_ _7\"></span>me from 1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y<span class=\"_ gs2e8\"> </span><span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>. A defi<span class=\"_ _7\"></span>ned contribut<span class=\"_ _9\"></span>ion plan is a pension<span class=\"_ _9\"></span> plan under which the<span class=\"_ _9\"></span> Group <span class=\"ls8 ws4\"> </span>pays fixed co<span class=\"_ _7\"></span>ntribu<span class=\"_ _7\"></span>tions into a sepa<span class=\"_ _7\"></span>rate entit<span class=\"_ _7\"></span>y and ha<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>no fu<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ther obl<span class=\"_ _7\"></span>igation b<span class=\"_ _7\"></span>eyond the agre<span class=\"_ _7\"></span>ed contr<span class=\"_ _7\"></span>ibutio<span class=\"_ _7\"></span>n rate<span class=\"_ _9\"></span>. <span class=\"ls8 ws4\"> </span>A defin<span class=\"_ _7\"></span>ed ben<span class=\"_ _7\"></span>efit pla<span class=\"_ _7\"></span>n is a pen<span class=\"_ _7\"></span>sion pl<span class=\"_ _7\"></span>an that defi<span class=\"_ _7\"></span>nes a<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>amo<span class=\"_ _7\"></span>unt of pens<span class=\"_ _7\"></span>ion be<span class=\"_ _7\"></span>nefit that a<span class=\"_ _7\"></span>n empl<span class=\"_ _7\"></span>oyee will rec<span class=\"_ _7\"></span>eive <span class=\"ls8 ws4\"> </span>on ret<span class=\"_ _9\"></span>irement<span class=\"_ _9\"></span>, usually dependent on one<span class=\"_ _9\"></span> or more fa<span class=\"_ _9\"></span>ctors<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>suc<span class=\"_ _7\"></span>h as age, year<span class=\"_ _7\"></span>s of ser<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e and co<span class=\"_ _7\"></span>mpen<span class=\"_ _7\"></span>sation.<span class=\"_ _304\"> </span>For defi<span class=\"_ _9\"></span>ned contribution<span class=\"_ _9\"></span> plans, the<span class=\"_ _9\"></span> Group pa<span class=\"_ _9\"></span>ys contribut<span class=\"_ _9\"></span>ions <span class=\"ls8 ws4\"> </span>to public<span class=\"_ _7\"></span>ly or pr<span class=\"_ _7\"></span>ivately admi<span class=\"_ _7\"></span>nistered p<span class=\"_ _7\"></span>ensio<span class=\"_ _7\"></span>n insura<span class=\"_ _7\"></span>nce <span class=\"ls8 ws4\"> </span>plans on a<span class=\"_ _9\"></span> contractual<span class=\"_ _9\"></span> basis. The cont<span class=\"_ _9\"></span>ributions are<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as an e<span class=\"_ _7\"></span>mployee b<span class=\"_ _7\"></span>enefit ex<span class=\"_ _7\"></span>pense w<span class=\"_ _7\"></span>hen th<span class=\"_ _7\"></span>ey<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>are du<span class=\"_ _7\"></span>e. Prepaid co<span class=\"_ _7\"></span>ntribu<span class=\"_ _7\"></span>tions are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised as a<span class=\"_ _7\"></span>n asse<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>to the extent that a c<span class=\"_ _7\"></span>ash ref<span class=\"_ _7\"></span>und or a red<span class=\"_ _7\"></span>uction i<span class=\"_ _7\"></span>n future payment<span class=\"_ _9\"></span>s is av<span class=\"_ _9\"></span>ailable.<span class=\"_ _304\"> </span>The a<span class=\"_ _7\"></span>mount re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised on th<span class=\"_ _7\"></span>e bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet in res<span class=\"_ _7\"></span>pect <span class=\"ls8 ws4\"> </span>of define<span class=\"_ _7\"></span>d ben<span class=\"_ _7\"></span>efit pen<span class=\"_ _7\"></span>sion pl<span class=\"_ _7\"></span>ans is the p<span class=\"_ _7\"></span>rese<span class=\"_ _7\"></span>nt value of the <span class=\"ls8 ws4\"> </span>defin<span class=\"_ _7\"></span>ed ben<span class=\"_ _7\"></span>efit obl<span class=\"_ _7\"></span>igation at th<span class=\"_ _7\"></span>e balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et date, less <span class=\"ls8 ws4\"> </span>the fai<span class=\"_ _7\"></span>r value of pla<span class=\"_ _7\"></span>n asse<span class=\"_ _7\"></span>ts. The ca<span class=\"_ _7\"></span>lculatio<span class=\"_ _7\"></span>n of the define<span class=\"_ _7\"></span>d benefit obligat<span class=\"_ _9\"></span>ion is performed annually by a<span class=\"_ _9\"></span> qualified <span class=\"ls8 ws4\"> </span>actuary using the pr<span class=\"_ _9\"></span>ojected unit<span class=\"_ _9\"></span> method<span class=\"_ _9\"></span>. As the plan<span class=\"_ _9\"></span> is <span class=\"ls8 ws4\"> </span>clos<span class=\"_ _7\"></span>ed to all futu<span class=\"_ _7\"></span>re bene<span class=\"_ _7\"></span>fit accr<span class=\"_ _7\"></span>ual, eac<span class=\"_ _7\"></span>h par<span class=\"_ _7\"></span>tici<span class=\"_ _7\"></span>pant\u2019<span class=\"_ _9\"></span>s <span class=\"ls8 ws4\"> </span>ben<span class=\"_ _7\"></span>efits und<span class=\"_ _7\"></span>er the pl<span class=\"_ _7\"></span>an are bas<span class=\"_ _7\"></span>ed on the<span class=\"_ _7\"></span>ir ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice to <span class=\"ls8 ws4\"> </span>the date of clos<span class=\"_ _7\"></span>ure or ea<span class=\"_ _7\"></span>rlie<span class=\"_ _7\"></span>r leavin<span class=\"_ _7\"></span>g date and the<span class=\"_ _7\"></span>ir final pen<span class=\"_ _7\"></span>siona<span class=\"_ _7\"></span>ble ea<span class=\"_ _7\"></span>rnin<span class=\"_ _7\"></span>gs. The s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e cost is th<span class=\"_ _7\"></span>e expected admi<span class=\"_ _7\"></span>nistration c<span class=\"_ _7\"></span>ost dur<span class=\"_ _7\"></span>ing the yea<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>. Past se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice c<span class=\"_ _7\"></span>osts <span class=\"ls8 ws4\"> </span>are rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed imm<span class=\"_ _7\"></span>ediatel<span class=\"_ _7\"></span>y in the inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span>Remeasurements o<span class=\"_ _9\"></span>f the ne<span class=\"_ _9\"></span>t defined benefit liability<span class=\"_ _a\"></span>, which com<span class=\"_ _7\"></span>prise a<span class=\"_ _7\"></span>ctuar<span class=\"_ _7\"></span>ial gai<span class=\"_ _7\"></span>ns and lo<span class=\"_ _7\"></span>sses, th<span class=\"_ _7\"></span>e return on pl<span class=\"_ _7\"></span>an as<span class=\"_ _7\"></span>sets (e<span class=\"_ _9\"></span>xclud<span class=\"_ _7\"></span>ing interes<span class=\"_ _7\"></span>t) and the ef<span class=\"_ _7\"></span>fect of th<span class=\"_ _7\"></span>e asset c<span class=\"_ _7\"></span>eilin<span class=\"_ _7\"></span>g (if any)<span class=\"_ _9\"></span>, are recognised<span class=\"_ _9\"></span> immediately in<span class=\"_ _9\"></span> other compr<span class=\"_ _9\"></span>ehensive income.<span class=\"_ _9\"></span> The G<span class=\"_ _7\"></span>roup deter<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>s the net intere<span class=\"_ _7\"></span>st expe<span class=\"_ _7\"></span>nse (inc<span class=\"_ _7\"></span>ome) on the net defined<span class=\"_ _9\"></span> benefit liability (asset<span class=\"_ _9\"></span>) f<span class=\"_ _9\"></span>or the period b<span class=\"_ _9\"></span>y applying the<span class=\"_ _9\"></span> disc<span class=\"_ _7\"></span>ount rate use<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o me<span class=\"_ _7\"></span>asure the d<span class=\"_ _7\"></span>efined b<span class=\"_ _7\"></span>enefi<span class=\"_ _7\"></span>t oblig<span class=\"_ _7\"></span>ation at the be<span class=\"_ _7\"></span>ginni<span class=\"_ _7\"></span>ng of the annu<span class=\"_ _7\"></span>al pe<span class=\"_ _7\"></span>riod to the the<span class=\"_ _7\"></span>n net defin<span class=\"_ _7\"></span>ed ben<span class=\"_ _7\"></span>efit lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y (asset)<span class=\"_ _9\"></span>, tak<span class=\"_ _7\"></span>ing into acc<span class=\"_ _7\"></span>ount any ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s in the net defi<span class=\"_ _7\"></span>ned be<span class=\"_ _7\"></span>nefit li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ty (ass<span class=\"_ _7\"></span>et) during th<span class=\"_ _7\"></span>e peri<span class=\"_ _7\"></span>od as a res<span class=\"_ _7\"></span>ult of contr<span class=\"_ _7\"></span>ibutio<span class=\"_ _7\"></span>ns and be<span class=\"_ _7\"></span>nefit pay<span class=\"_ _7\"></span>ments. Net in<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ere<span class=\"_ _7\"></span>st expe<span class=\"_ _7\"></span>nse and other exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s related to define<span class=\"_ _7\"></span>d ben<span class=\"_ _7\"></span>efit pla<span class=\"_ _7\"></span>ns are rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed in the in<span class=\"_ _7\"></span>come st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent throu<span class=\"_ _7\"></span>gh ope<span class=\"_ _7\"></span>rating expe<span class=\"_ _7\"></span>nses.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>o the ex<span class=\"_ _7\"></span>tent that a su<span class=\"_ _7\"></span>rplus e<span class=\"_ _7\"></span>merg<span class=\"_ _7\"></span>es on the d<span class=\"_ _7\"></span>efined <span class=\"ls8 ws4\"> </span>benefi<span class=\"_ _7\"></span>t obliga<span class=\"_ _9\"></span>tion,<span class=\"_ _9\"></span> it is only recognisable as<span class=\"_ _9\"></span> an asset when <span class=\"ls8 ws4\"> </span>it is probable that futu<span class=\"_ _7\"></span>re econ<span class=\"_ _7\"></span>omic be<span class=\"_ _7\"></span>nefits wi<span class=\"_ _7\"></span>ll be rec<span class=\"_ _7\"></span>overed <span class=\"ls8 ws4\"> </span>by the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(b<span class=\"_ _9\"></span>) Other long-<span class=\"_ _9\"></span>term emplo<span class=\"_ _9\"></span>yee benefits<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup provi<span class=\"_ _7\"></span>des sa<span class=\"_ _7\"></span>bbatic<span class=\"_ _7\"></span>al leave to empl<span class=\"_ _7\"></span>oyees on com<span class=\"_ _7\"></span>pletion of ever<span class=\"_ _7\"></span>y fi<span class=\"_ _7\"></span>ve years\u2019 ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice. The p<span class=\"_ _7\"></span>resen<span class=\"_ _7\"></span>t value of the expe<span class=\"_ _7\"></span>cted costs of the<span class=\"_ _7\"></span>se be<span class=\"_ _7\"></span>nefits is ac<span class=\"_ _7\"></span>crue<span class=\"_ _7\"></span>d over the per<span class=\"_ _7\"></span>iod of emp<span class=\"_ _7\"></span>loyme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>. In de<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>mini<span class=\"_ _7\"></span>ng this lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>, consid<span class=\"_ _7\"></span>eration i<span class=\"_ _7\"></span>s given to future in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>es in sa<span class=\"_ _7\"></span>lar<span class=\"_ _7\"></span>y level<span class=\"_ _7\"></span>s, exper<span class=\"_ _7\"></span>ienc<span class=\"_ _7\"></span>e with em<span class=\"_ _7\"></span>ployee depar<span class=\"_ _7\"></span>tures and periods o<span class=\"_ _9\"></span>f ser<span class=\"_ _7\"></span>vice.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>c) Shar<span class=\"_ _9\"></span>e-based compensation<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup op<span class=\"_ _7\"></span>erates eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y settl<span class=\"_ _7\"></span>ed sha<span class=\"_ _7\"></span>re-bas<span class=\"_ _7\"></span>ed emp<span class=\"_ _7\"></span>loyee compensation plans<span class=\"_ _9\"></span>. These include the<span class=\"_ _9\"></span> share opt<span class=\"_ _9\"></span>ion schemes,<span class=\"_ _9\"></span> and th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s Per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>manc<span class=\"_ _7\"></span>e Share Pl<span class=\"_ _7\"></span>ans, outli<span class=\"_ _7\"></span>ned in th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> Direct<span class=\"_ _9\"></span>ors\u2019<span class=\"_ _9\"></span> remuneration r<span class=\"_ _9\"></span>epor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>, toge<span class=\"_ _9\"></span>ther with t<span class=\"_ _9\"></span>he Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s Save<span class=\"_ _9\"></span> As Y<span class=\"_ _a\"></span>o<span class=\"_ _7\"></span>u Earn (SA<span class=\"_ _9\"></span>YE) s<span class=\"_ _7\"></span>chem<span class=\"_ _7\"></span>es. Th<span class=\"_ _7\"></span>e fair valu<span class=\"_ _7\"></span>e of the empl<span class=\"_ _7\"></span>oyee ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ices re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>ved, meas<span class=\"_ _7\"></span>ured at gra<span class=\"_ _7\"></span>nt date, in ex<span class=\"_ _9\"></span>cha<span class=\"_ _7\"></span>nge for the gra<span class=\"_ _7\"></span>nt of the awards is rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed as a<span class=\"_ _7\"></span>n expens<span class=\"_ _7\"></span>e, with the corresponding credit being recorded in<span class=\"_ _9\"></span> retained earnings withi<span class=\"_ _7\"></span>n equi<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>. The total am<span class=\"_ _7\"></span>ount to be expe<span class=\"_ _7\"></span>nsed over th<span class=\"_ _7\"></span>e vesting per<span class=\"_ _7\"></span>iod is d<span class=\"_ _7\"></span>et<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rmine<span class=\"_ _7\"></span>d by referenc<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o the fa<span class=\"_ _7\"></span>ir value of th<span class=\"_ _7\"></span>e awards gran<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed, excludi<span class=\"_ _7\"></span>ng the impa<span class=\"_ _7\"></span>ct of any non-m<span class=\"_ _7\"></span>arket vestin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> conditions<span class=\"_ _9\"></span> (for e<span class=\"_ _9\"></span>xample,<span class=\"_ _9\"></span> profitability or ne<span class=\"_ _9\"></span>t asset gro<span class=\"_ _9\"></span>w<span class=\"_ _7\"></span>th<span class=\"_ _9\"></span> targets<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>. Non-mark<span class=\"_ _9\"></span>et vesti<span class=\"_ _9\"></span>ng conditions ar<span class=\"_ _9\"></span>e included in assump<span class=\"_ _9\"></span>tions<span class=\"_ _9\"></span> abo<span class=\"_ _7\"></span>ut the num<span class=\"_ _7\"></span>ber of awards that a<span class=\"_ _7\"></span>re expec<span class=\"_ _7\"></span>ted t<span class=\"_ _9\"></span>o be<span class=\"_ _7\"></span>come exercisa<span class=\"_ _7\"></span>ble. At each ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e sheet d<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup revise<span class=\"_ _7\"></span>s its estim<span class=\"_ _7\"></span>ates of the numb<span class=\"_ _7\"></span>er of awards that are ex<span class=\"_ _7\"></span>pected to vest.<span class=\"_ _304\"> </span>The Group r<span class=\"_ _9\"></span>ecognises the impact<span class=\"_ _9\"></span> of the<span class=\"_ _9\"></span> revision o<span class=\"_ _9\"></span>f <span class=\"ls8 ws4\"> </span>ori<span class=\"_ _7\"></span>ginal e<span class=\"_ _7\"></span>stimates, if a<span class=\"_ _7\"></span>ny<span class=\"_ _a\"></span>, in the i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement, and a corresponding adjustment t<span class=\"_ _9\"></span>o equity<span class=\"_ _a\"></span>, in periods in which <span class=\"ls8 ws4\"> </span>the e<span class=\"_ _7\"></span>stimates are rev<span class=\"_ _7\"></span>ise<span class=\"_ _7\"></span>d.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>n the terms a<span class=\"_ _7\"></span>nd con<span class=\"_ _7\"></span>ditions of a<span class=\"_ _7\"></span>n equi<span class=\"_ _7\"></span>ty set<span class=\"_ _7\"></span>tled <span class=\"ls8 ws4\"> </span>share-based emplo<span class=\"_ _9\"></span>yee compensation<span class=\"_ _9\"></span> plan are modified<span class=\"_ _9\"></span>, and th<span class=\"_ _7\"></span>e expens<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o be re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>es as a re<span class=\"_ _7\"></span>sult of the modi<span class=\"_ _7\"></span>fication, the<span class=\"_ _7\"></span>n the inc<span class=\"_ _7\"></span>rease is re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised eve<span class=\"_ _7\"></span>nly over the remaining vest<span class=\"_ _9\"></span>ing period. When a modificat<span class=\"_ _9\"></span>ion reduces the<span class=\"_ _9\"></span> expe<span class=\"_ _7\"></span>nse to be reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d, there is no adj<span class=\"_ _7\"></span>ustme<span class=\"_ _7\"></span>nt recog<span class=\"_ _7\"></span>nised and th<span class=\"_ _7\"></span>e pre-mod<span class=\"_ _7\"></span>ificatio<span class=\"_ _7\"></span>n expen<span class=\"_ _7\"></span>se contin<span class=\"_ _7\"></span>ues to be app<span class=\"_ _7\"></span>lied. <span class=\"ls8 ws4\"> </span>The p<span class=\"_ _7\"></span>rocee<span class=\"_ _7\"></span>ds rec<span class=\"_ _7\"></span>eived, net of a<span class=\"_ _7\"></span>ny directly at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utab<span class=\"_ _7\"></span>le trans<span class=\"_ _7\"></span>action c<span class=\"_ _7\"></span>osts, are cre<span class=\"_ _7\"></span>dited to share ca<span class=\"_ _7\"></span>pita<span class=\"_ _7\"></span>l and sha<span class=\"_ _7\"></span>re premium when t<span class=\"_ _9\"></span>he option<span class=\"_ _9\"></span>s are e<span class=\"_ _9\"></span>xercised<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(d) T<span class=\"_ _a\"></span>erm<span class=\"_ _7\"></span>ination b<span class=\"_ _7\"></span>enefi<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>ermination benefit<span class=\"_ _9\"></span>s are pa<span class=\"_ _9\"></span>yable when emplo<span class=\"_ _9\"></span>yment is termi<span class=\"_ _7\"></span>nated before the no<span class=\"_ _7\"></span>rmal reti<span class=\"_ _7\"></span>rement d<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>, or wh<span class=\"_ _7\"></span>enever a<span class=\"_ _7\"></span>n emp<span class=\"_ _7\"></span>loyee acc<span class=\"_ _7\"></span>epts volunta<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y redund<span class=\"_ _7\"></span>ancy in excha<span class=\"_ _7\"></span>nge for the<span class=\"_ _7\"></span>se benefits.<span class=\"_ _9\"></span> The Group recognises t<span class=\"_ _9\"></span>ermination<span class=\"_ _9\"></span> benefits when it is<span class=\"_ _9\"></span> demonstrably committ<span class=\"_ _9\"></span>ed to<span class=\"_ _9\"></span> either: t<span class=\"_ _9\"></span>erminating t<span class=\"_ _9\"></span>he employment<span class=\"_ _9\"></span> of curr<span class=\"_ _9\"></span>ent employ<span class=\"_ _9\"></span>ees according t<span class=\"_ _9\"></span>o a det<span class=\"_ _9\"></span>ailed formal plan without<span class=\"_ _9\"></span> pos<span class=\"_ _7\"></span>sibili<span class=\"_ _7\"></span>ty of wi<span class=\"_ _7\"></span>thdrawal; or providi<span class=\"_ _7\"></span>ng termin<span class=\"_ _7\"></span>ation be<span class=\"_ _7\"></span>nefits as a resu<span class=\"_ _7\"></span>lt of an of<span class=\"_ _7\"></span>fer mad<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o en<span class=\"_ _7\"></span>coura<span class=\"_ _7\"></span>ge volunta<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y redun<span class=\"_ _7\"></span>dancy<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(e<span class=\"_ _9\"></span>) Profit sha<span class=\"_ _7\"></span>ring a<span class=\"_ _7\"></span>nd bonu<span class=\"_ _7\"></span>s plan<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>ses a lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y an<span class=\"_ _7\"></span>d an expe<span class=\"_ _7\"></span>nse for bon<span class=\"_ _7\"></span>uses <span class=\"ls8 ws4\"> </span>and profit sha<span class=\"_ _7\"></span>ring, bas<span class=\"_ _7\"></span>ed on a for<span class=\"_ _7\"></span>mula that ta<span class=\"_ _7\"></span>kes into<span class=\"_ _9\"></span> consideration<span class=\"_ _9\"></span> the pro<span class=\"_ _9\"></span>fit attributable t<span class=\"_ _9\"></span>o the<span class=\"_ _9\"></span> Company\u2019<span class=\"_ _a\"></span>s sha<span class=\"_ _7\"></span>rehol<span class=\"_ _7\"></span>ders af<span class=\"_ _7\"></span>ter c<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>tain ad<span class=\"_ _7\"></span>justme<span class=\"_ _7\"></span>nts. The G<span class=\"_ _7\"></span>roup reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>s a pro<span class=\"_ _9\"></span>vision where a<span class=\"_ _9\"></span> contractual<span class=\"_ _9\"></span> obligation t<span class=\"_ _9\"></span>o emplo<span class=\"_ _9\"></span>yees <span class=\"ls8 ws4\"> </span>exists or w<span class=\"_ _7\"></span>here the<span class=\"_ _7\"></span>re is a past p<span class=\"_ _7\"></span>ractice th<span class=\"_ _7\"></span>at has cre<span class=\"_ _7\"></span>ated a<span class=\"_ _9\"></span> constructiv<span class=\"_ _9\"></span>e obligat<span class=\"_ _9\"></span>ion.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-465": {
   "value": "(<span class=\"_ _9\"></span>c) Shar<span class=\"_ _9\"></span>e-based compensation<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup op<span class=\"_ _7\"></span>erates eq<span class=\"_ _7\"></span>uit<span class=\"_ _7\"></span>y settl<span class=\"_ _7\"></span>ed sha<span class=\"_ _7\"></span>re-bas<span class=\"_ _7\"></span>ed emp<span class=\"_ _7\"></span>loyee compensation plans<span class=\"_ _9\"></span>. These include the<span class=\"_ _9\"></span> share opt<span class=\"_ _9\"></span>ion schemes,<span class=\"_ _9\"></span> and th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s Per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>manc<span class=\"_ _7\"></span>e Share Pl<span class=\"_ _7\"></span>ans, outli<span class=\"_ _7\"></span>ned in th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> Direct<span class=\"_ _9\"></span>ors\u2019<span class=\"_ _9\"></span> remuneration r<span class=\"_ _9\"></span>epor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>, toge<span class=\"_ _9\"></span>ther with t<span class=\"_ _9\"></span>he Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s Save<span class=\"_ _9\"></span> As Y<span class=\"_ _a\"></span>o<span class=\"_ _7\"></span>u Earn (SA<span class=\"_ _9\"></span>YE) s<span class=\"_ _7\"></span>chem<span class=\"_ _7\"></span>es. Th<span class=\"_ _7\"></span>e fair valu<span class=\"_ _7\"></span>e of the empl<span class=\"_ _7\"></span>oyee ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ices re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>ved, meas<span class=\"_ _7\"></span>ured at gra<span class=\"_ _7\"></span>nt date, in ex<span class=\"_ _9\"></span>cha<span class=\"_ _7\"></span>nge for the gra<span class=\"_ _7\"></span>nt of the awards is rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>sed as a<span class=\"_ _7\"></span>n expens<span class=\"_ _7\"></span>e, with the corresponding credit being recorded in<span class=\"_ _9\"></span> retained earnings withi<span class=\"_ _7\"></span>n equi<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>. The total am<span class=\"_ _7\"></span>ount to be expe<span class=\"_ _7\"></span>nsed over th<span class=\"_ _7\"></span>e vesting per<span class=\"_ _7\"></span>iod is d<span class=\"_ _7\"></span>et<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rmine<span class=\"_ _7\"></span>d by referenc<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o the fa<span class=\"_ _7\"></span>ir value of th<span class=\"_ _7\"></span>e awards gran<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed, excludi<span class=\"_ _7\"></span>ng the impa<span class=\"_ _7\"></span>ct of any non-m<span class=\"_ _7\"></span>arket vestin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> conditions<span class=\"_ _9\"></span> (for e<span class=\"_ _9\"></span>xample,<span class=\"_ _9\"></span> profitability or ne<span class=\"_ _9\"></span>t asset gro<span class=\"_ _9\"></span>w<span class=\"_ _7\"></span>th<span class=\"_ _9\"></span> targets<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>. Non-mark<span class=\"_ _9\"></span>et vesti<span class=\"_ _9\"></span>ng conditions ar<span class=\"_ _9\"></span>e included in assump<span class=\"_ _9\"></span>tions<span class=\"_ _9\"></span> abo<span class=\"_ _7\"></span>ut the num<span class=\"_ _7\"></span>ber of awards that a<span class=\"_ _7\"></span>re expec<span class=\"_ _7\"></span>ted t<span class=\"_ _9\"></span>o be<span class=\"_ _7\"></span>come exercisa<span class=\"_ _7\"></span>ble. At each ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e sheet d<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup revise<span class=\"_ _7\"></span>s its estim<span class=\"_ _7\"></span>ates of the numb<span class=\"_ _7\"></span>er of awards that are ex<span class=\"_ _7\"></span>pected to vest.<span class=\"_ _304\"> </span>The Group r<span class=\"_ _9\"></span>ecognises the impact<span class=\"_ _9\"></span> of the<span class=\"_ _9\"></span> revision o<span class=\"_ _9\"></span>f <span class=\"ls8 ws4\"> </span>ori<span class=\"_ _7\"></span>ginal e<span class=\"_ _7\"></span>stimates, if a<span class=\"_ _7\"></span>ny<span class=\"_ _a\"></span>, in the i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement, and a corresponding adjustment t<span class=\"_ _9\"></span>o equity<span class=\"_ _a\"></span>, in periods in which <span class=\"ls8 ws4\"> </span>the e<span class=\"_ _7\"></span>stimates are rev<span class=\"_ _7\"></span>ise<span class=\"_ _7\"></span>d.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>n the terms a<span class=\"_ _7\"></span>nd con<span class=\"_ _7\"></span>ditions of a<span class=\"_ _7\"></span>n equi<span class=\"_ _7\"></span>ty set<span class=\"_ _7\"></span>tled <span class=\"ls8 ws4\"> </span>share-based emplo<span class=\"_ _9\"></span>yee compensation<span class=\"_ _9\"></span> plan are modified<span class=\"_ _9\"></span>, and th<span class=\"_ _7\"></span>e expens<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o be re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>es as a re<span class=\"_ _7\"></span>sult of the modi<span class=\"_ _7\"></span>fication, the<span class=\"_ _7\"></span>n the inc<span class=\"_ _7\"></span>rease is re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised eve<span class=\"_ _7\"></span>nly over the remaining vest<span class=\"_ _9\"></span>ing period. When a modificat<span class=\"_ _9\"></span>ion reduces the<span class=\"_ _9\"></span> expe<span class=\"_ _7\"></span>nse to be reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d, there is no adj<span class=\"_ _7\"></span>ustme<span class=\"_ _7\"></span>nt recog<span class=\"_ _7\"></span>nised and th<span class=\"_ _7\"></span>e pre-mod<span class=\"_ _7\"></span>ificatio<span class=\"_ _7\"></span>n expen<span class=\"_ _7\"></span>se contin<span class=\"_ _7\"></span>ues to be app<span class=\"_ _7\"></span>lied. <span class=\"ls8 ws4\"> </span>The p<span class=\"_ _7\"></span>rocee<span class=\"_ _7\"></span>ds rec<span class=\"_ _7\"></span>eived, net of a<span class=\"_ _7\"></span>ny directly at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utab<span class=\"_ _7\"></span>le trans<span class=\"_ _7\"></span>action c<span class=\"_ _7\"></span>osts, are cre<span class=\"_ _7\"></span>dited to share ca<span class=\"_ _7\"></span>pita<span class=\"_ _7\"></span>l and sha<span class=\"_ _7\"></span>re premium when t<span class=\"_ _9\"></span>he option<span class=\"_ _9\"></span>s are e<span class=\"_ _9\"></span>xercised<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-466": {
   "value": "(d) T<span class=\"_ _a\"></span>erm<span class=\"_ _7\"></span>ination b<span class=\"_ _7\"></span>enefi<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>ermination benefit<span class=\"_ _9\"></span>s are pa<span class=\"_ _9\"></span>yable when emplo<span class=\"_ _9\"></span>yment is termi<span class=\"_ _7\"></span>nated before the no<span class=\"_ _7\"></span>rmal reti<span class=\"_ _7\"></span>rement d<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>, or wh<span class=\"_ _7\"></span>enever a<span class=\"_ _7\"></span>n emp<span class=\"_ _7\"></span>loyee acc<span class=\"_ _7\"></span>epts volunta<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y redund<span class=\"_ _7\"></span>ancy in excha<span class=\"_ _7\"></span>nge for the<span class=\"_ _7\"></span>se benefits.<span class=\"_ _9\"></span> The Group recognises t<span class=\"_ _9\"></span>ermination<span class=\"_ _9\"></span> benefits when it is<span class=\"_ _9\"></span> demonstrably committ<span class=\"_ _9\"></span>ed to<span class=\"_ _9\"></span> either: t<span class=\"_ _9\"></span>erminating t<span class=\"_ _9\"></span>he employment<span class=\"_ _9\"></span> of curr<span class=\"_ _9\"></span>ent employ<span class=\"_ _9\"></span>ees according t<span class=\"_ _9\"></span>o a det<span class=\"_ _9\"></span>ailed formal plan without<span class=\"_ _9\"></span> pos<span class=\"_ _7\"></span>sibili<span class=\"_ _7\"></span>ty of wi<span class=\"_ _7\"></span>thdrawal; or providi<span class=\"_ _7\"></span>ng termin<span class=\"_ _7\"></span>ation be<span class=\"_ _7\"></span>nefits as a resu<span class=\"_ _7\"></span>lt of an of<span class=\"_ _7\"></span>fer mad<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o en<span class=\"_ _7\"></span>coura<span class=\"_ _7\"></span>ge volunta<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y redun<span class=\"_ _7\"></span>dancy<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-423": {
   "value": "2.<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>4 Financ<span class=\"_ _7\"></span>e cost<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>Fina<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>sts consi<span class=\"_ _7\"></span>st of interest c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s accr<span class=\"_ _7\"></span>uing on th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s borrowin<span class=\"_ _7\"></span>gs and ba<span class=\"_ _7\"></span>nk overdraf<span class=\"_ _7\"></span>ts togethe<span class=\"_ _7\"></span>r with com<span class=\"_ _7\"></span>missi<span class=\"_ _7\"></span>on fee<span class=\"_ _7\"></span>s charge<span class=\"_ _7\"></span>d in res<span class=\"_ _7\"></span>pect of Let<span class=\"_ _7\"></span>ters of Cre<span class=\"_ _7\"></span>dit <span class=\"ls8 ws4\"> </span>and int<span class=\"_ _9\"></span>erest in r<span class=\"_ _9\"></span>espect of lease liabilit<span class=\"_ _9\"></span>ies and funds withheld<span class=\"_ _9\"></span>. Ar<span class=\"_ _7\"></span>range<span class=\"_ _7\"></span>ment fe<span class=\"_ _7\"></span>es in re<span class=\"_ _7\"></span>spec<span class=\"_ _7\"></span>t of financ<span class=\"_ _7\"></span>ing ar<span class=\"_ _7\"></span>range<span class=\"_ _7\"></span>ments <span class=\"ls8 ws4\"> </span>are ch<span class=\"_ _7\"></span>arged over th<span class=\"_ _7\"></span>e life of the rel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed f<span class=\"_ _7\"></span>aciliti<span class=\"_ _7\"></span>es.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-467": {
   "value": "2.<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>4 Financ<span class=\"_ _7\"></span>e cost<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>Fina<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>sts consi<span class=\"_ _7\"></span>st of interest c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s accr<span class=\"_ _7\"></span>uing on th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s borrowin<span class=\"_ _7\"></span>gs and ba<span class=\"_ _7\"></span>nk overdraf<span class=\"_ _7\"></span>ts togethe<span class=\"_ _7\"></span>r with com<span class=\"_ _7\"></span>missi<span class=\"_ _7\"></span>on fee<span class=\"_ _7\"></span>s charge<span class=\"_ _7\"></span>d in res<span class=\"_ _7\"></span>pect of Let<span class=\"_ _7\"></span>ters of Cre<span class=\"_ _7\"></span>dit <span class=\"ls8 ws4\"> </span>and int<span class=\"_ _9\"></span>erest in r<span class=\"_ _9\"></span>espect of lease liabilit<span class=\"_ _9\"></span>ies and funds withheld<span class=\"_ _9\"></span>. Ar<span class=\"_ _7\"></span>range<span class=\"_ _7\"></span>ment fe<span class=\"_ _7\"></span>es in re<span class=\"_ _7\"></span>spec<span class=\"_ _7\"></span>t of financ<span class=\"_ _7\"></span>ing ar<span class=\"_ _7\"></span>range<span class=\"_ _7\"></span>ments <span class=\"ls8 ws4\"> </span>are ch<span class=\"_ _7\"></span>arged over th<span class=\"_ _7\"></span>e life of the rel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed f<span class=\"_ _7\"></span>aciliti<span class=\"_ _7\"></span>es.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-483": {
   "value": "2.<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>4 Financ<span class=\"_ _7\"></span>e cost<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>Fina<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>sts consi<span class=\"_ _7\"></span>st of interest c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s accr<span class=\"_ _7\"></span>uing on th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s borrowin<span class=\"_ _7\"></span>gs and ba<span class=\"_ _7\"></span>nk overdraf<span class=\"_ _7\"></span>ts togethe<span class=\"_ _7\"></span>r with com<span class=\"_ _7\"></span>missi<span class=\"_ _7\"></span>on fee<span class=\"_ _7\"></span>s charge<span class=\"_ _7\"></span>d in res<span class=\"_ _7\"></span>pect of Let<span class=\"_ _7\"></span>ters of Cre<span class=\"_ _7\"></span>dit <span class=\"ls8 ws4\"> </span>and int<span class=\"_ _9\"></span>erest in r<span class=\"_ _9\"></span>espect of lease liabilit<span class=\"_ _9\"></span>ies and funds withheld<span class=\"_ _9\"></span>. Ar<span class=\"_ _7\"></span>range<span class=\"_ _7\"></span>ment fe<span class=\"_ _7\"></span>es in re<span class=\"_ _7\"></span>spec<span class=\"_ _7\"></span>t of financ<span class=\"_ _7\"></span>ing ar<span class=\"_ _7\"></span>range<span class=\"_ _7\"></span>ments <span class=\"ls8 ws4\"> </span>are ch<span class=\"_ _7\"></span>arged over th<span class=\"_ _7\"></span>e life of the rel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed f<span class=\"_ _7\"></span>aciliti<span class=\"_ _7\"></span>es.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-424": {
   "value": "2.<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>5 Leases<span class=\"_ _304\"> </span>(a) Hiscox as le<span class=\"_ _7\"></span>ssee<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>ses ri<span class=\"_ _7\"></span>ght<span class=\"_ _9\"></span>-of-use as<span class=\"_ _7\"></span>sets at the com<span class=\"_ _7\"></span>menc<span class=\"_ _7\"></span>emen<span class=\"_ _7\"></span>t date of t<span class=\"_ _9\"></span>he l<span class=\"_ _7\"></span>ease (for exa<span class=\"_ _7\"></span>mple, the date the <span class=\"ls8 ws4\"> </span>underlying asset is a<span class=\"_ _9\"></span>vailable f<span class=\"_ _9\"></span>or use)<span class=\"_ _a\"></span>. Right<span class=\"_ _9\"></span>-of<span class=\"_ _9\"></span>-use asset<span class=\"_ _9\"></span>s <span class=\"ls8 ws4\"> </span>are me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d at cost, les<span class=\"_ _7\"></span>s any accu<span class=\"_ _7\"></span>mulated de<span class=\"_ _7\"></span>preci<span class=\"_ _7\"></span>ation <span class=\"ls8 ws4\"> </span>and im<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>ment lo<span class=\"_ _7\"></span>sses, a<span class=\"_ _7\"></span>nd adjusted fo<span class=\"_ _7\"></span>r any reme<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>ment <span class=\"ls8 ws4\"> </span>of lease<span class=\"_ _9\"></span> liabilities. The cos<span class=\"_ _9\"></span>t of right<span class=\"_ _a\"></span>-of-<span class=\"_ _9\"></span>use assets incl<span class=\"_ _9\"></span>udes <span class=\"ls8 ws4\"> </span>the amoun<span class=\"_ _9\"></span>t of lease liabil<span class=\"_ _9\"></span>ities recognised,<span class=\"_ _9\"></span> initial dir<span class=\"_ _9\"></span>ect <span class=\"ls8 ws4\"> </span>costs i<span class=\"_ _7\"></span>ncurre<span class=\"_ _7\"></span>d, and lea<span class=\"_ _7\"></span>se payme<span class=\"_ _7\"></span>nts made at o<span class=\"_ _7\"></span>r before <span class=\"ls8 ws4\"> </span>the co<span class=\"_ _7\"></span>mmenc<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt date<span class=\"_ _9\"></span>, le<span class=\"_ _7\"></span>ss any le<span class=\"_ _7\"></span>ase in<span class=\"_ _7\"></span>centive<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span>rece<span class=\"_ _7\"></span>ived. Unl<span class=\"_ _7\"></span>ess the G<span class=\"_ _7\"></span>roup is re<span class=\"_ _7\"></span>asona<span class=\"_ _7\"></span>bly ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain to obtain owne<span class=\"_ _7\"></span>rship of th<span class=\"_ _7\"></span>e leas<span class=\"_ _7\"></span>ed ass<span class=\"_ _7\"></span>et at the end of the l<span class=\"_ _7\"></span>ease ter<span class=\"_ _7\"></span>m,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>the rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed rig<span class=\"_ _7\"></span>ht<span class=\"_ _9\"></span>-of-use ass<span class=\"_ _7\"></span>ets are dep<span class=\"_ _7\"></span>reciated o<span class=\"_ _7\"></span>n a<span class=\"_ _9\"></span> strai<span class=\"_ _7\"></span>ght<span class=\"_ _9\"></span>-line b<span class=\"_ _7\"></span>asis over the s<span class=\"_ _7\"></span>hor<span class=\"_ _7\"></span>ter of their e<span class=\"_ _7\"></span>stimated us<span class=\"_ _7\"></span>eful <span class=\"ls8 ws4\"> </span>life an<span class=\"_ _7\"></span>d the lea<span class=\"_ _7\"></span>se term. Rig<span class=\"_ _7\"></span>ht<span class=\"_ _9\"></span>-of-use ass<span class=\"_ _7\"></span>ets are subj<span class=\"_ _7\"></span>ect to impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt. Right<span class=\"_ _9\"></span>-of-use as<span class=\"_ _7\"></span>sets are pre<span class=\"_ _7\"></span>sented on th<span class=\"_ _7\"></span>e <span class=\"ls8 ws4\"> </span>bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet as p<span class=\"_ _7\"></span>roper<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, p<span class=\"_ _7\"></span>lant an<span class=\"_ _7\"></span>d equip<span class=\"_ _7\"></span>ment.<span class=\"_ _304\"> </span>At the com<span class=\"_ _7\"></span>menc<span class=\"_ _7\"></span>ement d<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f the l<span class=\"_ _7\"></span>ease, the G<span class=\"_ _7\"></span>roup <span class=\"ls8 ws4\"> </span>reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>s lea<span class=\"_ _7\"></span>se liab<span class=\"_ _7\"></span>ilitie<span class=\"_ _7\"></span>s meas<span class=\"_ _7\"></span>ured at the p<span class=\"_ _7\"></span>resent va<span class=\"_ _7\"></span>lue of lea<span class=\"_ _7\"></span>se payme<span class=\"_ _7\"></span>nts to be made over the le<span class=\"_ _7\"></span>ase ter<span class=\"_ _7\"></span>m. The le<span class=\"_ _7\"></span>ase payme<span class=\"_ _7\"></span>nts inclu<span class=\"_ _7\"></span>de fixed paym<span class=\"_ _7\"></span>ents le<span class=\"_ _7\"></span>ss any le<span class=\"_ _7\"></span>ase inc<span class=\"_ _7\"></span>entives rece<span class=\"_ _7\"></span>ivabl<span class=\"_ _7\"></span>e, variab<span class=\"_ _7\"></span>le lea<span class=\"_ _7\"></span>se payme<span class=\"_ _7\"></span>nts that dep<span class=\"_ _7\"></span>end on a<span class=\"_ _7\"></span>n <span class=\"ls8 ws4\"> </span>index or a r<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>, and a<span class=\"_ _7\"></span>mounts exp<span class=\"_ _7\"></span>ected to be pai<span class=\"_ _7\"></span>d unde<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>resi<span class=\"_ _7\"></span>dual val<span class=\"_ _7\"></span>ue gua<span class=\"_ _7\"></span>rantees. T<span class=\"_ _7\"></span>he lea<span class=\"_ _7\"></span>se payme<span class=\"_ _7\"></span>nts also in<span class=\"_ _7\"></span>clude the exercise p<span class=\"_ _7\"></span>rice of a pu<span class=\"_ _7\"></span>rchase o<span class=\"_ _7\"></span>ption reas<span class=\"_ _7\"></span>onab<span class=\"_ _7\"></span>ly cer<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>in to be ex<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rcised by the G<span class=\"_ _7\"></span>roup and p<span class=\"_ _7\"></span>ayments of pe<span class=\"_ _7\"></span>nalti<span class=\"_ _7\"></span>es for termi<span class=\"_ _7\"></span>nating a le<span class=\"_ _7\"></span>ase, if the le<span class=\"_ _7\"></span>ase term re<span class=\"_ _7\"></span>flects the G<span class=\"_ _7\"></span>roup ex<span class=\"_ _9\"></span>ercising t<span class=\"_ _9\"></span>he option<span class=\"_ _9\"></span> to<span class=\"_ _9\"></span> terminat<span class=\"_ _9\"></span>e.<span class=\"_ _9\"></span> The variable lease payment<span class=\"_ _9\"></span>s that do not d<span class=\"_ _7\"></span>epen<span class=\"_ _7\"></span>d on an ind<span class=\"_ _7\"></span>ex or a rate are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as an exp<span class=\"_ _7\"></span>ense in th<span class=\"_ _7\"></span>e peri<span class=\"_ _7\"></span>od in wh<span class=\"_ _7\"></span>ich the event o<span class=\"_ _7\"></span>r condi<span class=\"_ _7\"></span>tion that triggers the<span class=\"_ _9\"></span> payment occurs.<span class=\"_ _9\"></span> Lease liabilities ar<span class=\"_ _9\"></span>e included in<span class=\"_ _9\"></span> trade a<span class=\"_ _7\"></span>nd other payabl<span class=\"_ _7\"></span>es on the b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et.<span class=\"_ _304\"> </span>In ca<span class=\"_ _7\"></span>lculatin<span class=\"_ _7\"></span>g the pres<span class=\"_ _7\"></span>ent value of l<span class=\"_ _7\"></span>ease pay<span class=\"_ _7\"></span>ments, the Grou<span class=\"_ _7\"></span>p uses the i<span class=\"_ _7\"></span>ncrem<span class=\"_ _7\"></span>ental b<span class=\"_ _7\"></span>orrowin<span class=\"_ _7\"></span>g rate at the lease com<span class=\"_ _7\"></span>menc<span class=\"_ _7\"></span>emen<span class=\"_ _7\"></span>t date if the interest r<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e im<span class=\"_ _7\"></span>plicit i<span class=\"_ _7\"></span>n the lea<span class=\"_ _7\"></span>se is not readi<span class=\"_ _7\"></span>ly determ<span class=\"_ _7\"></span>inab<span class=\"_ _7\"></span>le. After th<span class=\"_ _7\"></span>e comm<span class=\"_ _7\"></span>ence<span class=\"_ _7\"></span>ment date, the amount o<span class=\"_ _9\"></span>f lease liabilities i<span class=\"_ _9\"></span>s increased t<span class=\"_ _9\"></span>o reflect t<span class=\"_ _9\"></span>he accret<span class=\"_ _9\"></span>ion of interest a<span class=\"_ _7\"></span>nd redu<span class=\"_ _7\"></span>ced for the l<span class=\"_ _7\"></span>ease p<span class=\"_ _7\"></span>ayments ma<span class=\"_ _7\"></span>de. In addition<span class=\"_ _9\"></span>, the<span class=\"_ _9\"></span> carr<span class=\"_ _7\"></span>ying amount of<span class=\"_ _9\"></span> lease liabilities is<span class=\"_ _9\"></span> remeasured if the<span class=\"_ _7\"></span>re is a modi<span class=\"_ _7\"></span>fication th<span class=\"_ _7\"></span>at is not acco<span class=\"_ _7\"></span>unted for as a se<span class=\"_ _7\"></span>parate lea<span class=\"_ _7\"></span>se: future le<span class=\"_ _7\"></span>ase paym<span class=\"_ _7\"></span>ents that are li<span class=\"_ _7\"></span>nked to a rat<span class=\"_ _9\"></span>e or in<span class=\"_ _7\"></span>dex, a cha<span class=\"_ _7\"></span>nge in the l<span class=\"_ _7\"></span>ease ter<span class=\"_ _7\"></span>m, a chang<span class=\"_ _7\"></span>e in the in-su<span class=\"_ _7\"></span>bstanc<span class=\"_ _7\"></span>e fixed lea<span class=\"_ _7\"></span>se payme<span class=\"_ _7\"></span>nts, a chang<span class=\"_ _7\"></span>e in the as<span class=\"_ _7\"></span>sess<span class=\"_ _7\"></span>ment to purch<span class=\"_ _7\"></span>ase the und<span class=\"_ _7\"></span>erly<span class=\"_ _7\"></span>ing as<span class=\"_ _7\"></span>set or a ch<span class=\"_ _7\"></span>ange in th<span class=\"_ _7\"></span>e amounts ex<span class=\"_ _7\"></span>pected to be payable u<span class=\"_ _7\"></span>nder a re<span class=\"_ _7\"></span>sidu<span class=\"_ _7\"></span>al value g<span class=\"_ _7\"></span>uara<span class=\"_ _7\"></span>ntee.<span class=\"_ _304\"> </span>The Group applies t<span class=\"_ _9\"></span>he shor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-<span class=\"_ _9\"></span>t<span class=\"_ _9\"></span>erm lease recognition<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>ex<span class=\"_ _9\"></span>emption<span class=\"_ _9\"></span> to it<span class=\"_ _9\"></span>s applicable short-<span class=\"_ _9\"></span>t<span class=\"_ _9\"></span>erm leases. It also<span class=\"_ _9\"></span> applies the low-value as<span class=\"_ _7\"></span>sets reco<span class=\"_ _7\"></span>gnitio<span class=\"_ _7\"></span>n ex<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ption to lease<span class=\"_ _7\"></span>s of of<span class=\"_ _7\"></span>fice equ<span class=\"_ _7\"></span>ipmen<span class=\"_ _7\"></span>t that are con<span class=\"_ _7\"></span>side<span class=\"_ _7\"></span>red of low value. Lea<span class=\"_ _7\"></span>se payme<span class=\"_ _7\"></span>nts on sh<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>m leas<span class=\"_ _7\"></span>es and l<span class=\"_ _7\"></span>ease<span class=\"_ _7\"></span>s of low-<span class=\"_ _9\"></span>valu<span class=\"_ _7\"></span>e asse<span class=\"_ _7\"></span>ts are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as an exp<span class=\"_ _7\"></span>ense o<span class=\"_ _7\"></span>n a straight-line ba<span class=\"_ _7\"></span>sis over the lease<span class=\"_ _9\"></span> term<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(b) Hiscox as le<span class=\"_ _7\"></span>sso<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span>Rent<span class=\"_ _7\"></span>al inco<span class=\"_ _7\"></span>me from o<span class=\"_ _7\"></span>perating l<span class=\"_ _7\"></span>ease<span class=\"_ _7\"></span>s is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed <span class=\"ls8 ws4\"> </span>on a stra<span class=\"_ _7\"></span>ight<span class=\"_ _9\"></span>-lin<span class=\"_ _7\"></span>e basis over th<span class=\"_ _7\"></span>e term of the rel<span class=\"_ _7\"></span>evant <span class=\"ls8 ws4\"> </span>contractual agreeme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-425": {
   "value": "2.<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>6 Divi<span class=\"_ _7\"></span>dend distribution<span class=\"_ _304\"> </span>Div<span class=\"_ _7\"></span>ide<span class=\"_ _7\"></span>nd distri<span class=\"_ _7\"></span>bution to the Co<span class=\"_ _7\"></span>mpany\u2019<span class=\"_ _9\"></span>s sha<span class=\"_ _7\"></span>rehold<span class=\"_ _7\"></span>ers is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as a lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y in the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements <span class=\"ls8 ws4\"> </span>in the pe<span class=\"_ _7\"></span>riod i<span class=\"_ _7\"></span>n whic<span class=\"_ _7\"></span>h the div<span class=\"_ _7\"></span>idend<span class=\"_ _7\"></span>s are app<span class=\"_ _7\"></span>roved.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-426": {
   "value": "2.<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>7 O<span class=\"_ _7\"></span>per<span class=\"_ _7\"></span>atio<span class=\"_ _7\"></span>ns held f<span class=\"_ _7\"></span>or sa<span class=\"_ _7\"></span>le<span class=\"_ _304\"> </span>Ass<span class=\"_ _7\"></span>ets and lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es hel<span class=\"_ _7\"></span>d for disp<span class=\"_ _7\"></span>osal a<span class=\"_ _7\"></span>s par<span class=\"_ _7\"></span>t of ope<span class=\"_ _7\"></span>rations whi<span class=\"_ _7\"></span>ch are he<span class=\"_ _7\"></span>ld for sal<span class=\"_ _7\"></span>e are show<span class=\"_ _7\"></span>n separ<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>el<span class=\"_ _7\"></span>y in the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>stateme<span class=\"_ _7\"></span>nt of financ<span class=\"_ _7\"></span>ial pos<span class=\"_ _7\"></span>ition. Op<span class=\"_ _7\"></span>eration<span class=\"_ _7\"></span>s held for s<span class=\"_ _7\"></span>ale are reco<span class=\"_ _7\"></span>rded at the l<span class=\"_ _7\"></span>ower of their ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng amou<span class=\"_ _7\"></span>nt and the<span class=\"_ _7\"></span>ir fair value l<span class=\"_ _7\"></span>ess th<span class=\"_ _7\"></span>e estimated se<span class=\"_ _7\"></span>lling c<span class=\"_ _7\"></span>osts.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-427": {
   "value": "2.<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>8 Use of significant judgements, es<span class=\"_ _7\"></span>timates<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>and assumptions<span class=\"_ _9\"></span> The p<span class=\"_ _7\"></span>repar<span class=\"_ _7\"></span>ation of finan<span class=\"_ _7\"></span>cial st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ents req<span class=\"_ _7\"></span>uires the G<span class=\"_ _7\"></span>roup <span class=\"ls8 ws4\"> </span>t<span class=\"_ _9\"></span>o select accounting<span class=\"_ _9\"></span> policies and make<span class=\"_ _9\"></span> judgements,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>estim<span class=\"_ _7\"></span>ates and as<span class=\"_ _7\"></span>sumptio<span class=\"_ _7\"></span>ns that af<span class=\"_ _7\"></span>fect the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ted <span class=\"ls8 ws4\"> </span>amo<span class=\"_ _7\"></span>unts of assets, li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties, inco<span class=\"_ _7\"></span>me and ex<span class=\"_ _7\"></span>pense<span class=\"_ _7\"></span>s in <span class=\"ls8 ws4\"> </span>the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated financ<span class=\"_ _7\"></span>ial statem<span class=\"_ _7\"></span>ents.<span class=\"_ _304\"> </span>The Audit Committ<span class=\"_ _9\"></span>ee reviews<span class=\"_ _9\"></span> the reasonableness of<span class=\"_ _9\"></span> critical judgements,<span class=\"_ _9\"></span> estimat<span class=\"_ _9\"></span>es and assumpt<span class=\"_ _9\"></span>ions applied and t<span class=\"_ _9\"></span>he appropriat<span class=\"_ _9\"></span>eness of mat<span class=\"_ _9\"></span>erial account<span class=\"_ _9\"></span>ing policies inf<span class=\"_ _9\"></span>ormation<span class=\"_ _9\"></span>. The significant issues considered<span class=\"_ _9\"></span> by the<span class=\"_ _9\"></span> Committee in t<span class=\"_ _9\"></span>he <span class=\"ls8 ws4\"> </span>year are<span class=\"_ _9\"></span> included within t<span class=\"_ _9\"></span>he Audit Committ<span class=\"_ _9\"></span>ee repor<span class=\"_ _7\"></span>t on<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>page<span class=\"_ _7\"></span>s 99 to 1<span class=\"_ _a\"></span>01<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>Significant account<span class=\"_ _9\"></span>ing judgements<span class=\"_ _304\"> </span>The following<span class=\"_ _9\"></span> accounting policies are<span class=\"_ _9\"></span> those considered t<span class=\"_ _9\"></span>o hav<span class=\"_ _9\"></span>e a significant imp<span class=\"_ _9\"></span>act on the<span class=\"_ _9\"></span> amounts recognised<span class=\"_ _9\"></span> in the<span class=\"_ _9\"></span> cons<span class=\"_ _7\"></span>olidated fi<span class=\"_ _7\"></span>nanci<span class=\"_ _7\"></span>al stateme<span class=\"_ _7\"></span>nts.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>Consolida<span class=\"_ _9\"></span>tion<span class=\"_ _9\"></span>: assessment of whe<span class=\"_ _9\"></span>ther the Gr<span class=\"_ _9\"></span>oup control<span class=\"_ _9\"></span>s </span>or ha<span class=\"_ _7\"></span>s signi<span class=\"_ _7\"></span>ficant in<span class=\"_ _7\"></span>fluenc<span class=\"_ _7\"></span>e over unde<span class=\"_ _7\"></span>rly<span class=\"_ _7\"></span>ing enti<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>, for example<span class=\"_ _9\"></span>, the<span class=\"_ _9\"></span> treatment<span class=\"_ _9\"></span> of insur<span class=\"_ _9\"></span>ance-linked securities<span class=\"_ _9\"></span> funds including<span class=\"_ _9\"></span> consideration o<span class=\"_ _9\"></span>f its decision-<span class=\"_ _9\"></span>making authority and its<span class=\"_ _9\"></span> rights t<span class=\"_ _9\"></span>o the<span class=\"_ _9\"></span> variable returns<span class=\"_ _9\"></span> from the<span class=\"_ _9\"></span> entity<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>Financial in<span class=\"_ _9\"></span>vestment<span class=\"_ _9\"></span>s:<span class=\"_ _9\"></span> classification and measur<span class=\"_ _9\"></span>ement <span class=\"ls8 ws4\"> </span></span>of investme<span class=\"_ _7\"></span>nts inclu<span class=\"_ _7\"></span>ding the a<span class=\"_ _7\"></span>pplic<span class=\"_ _7\"></span>ation of the fai<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>value op<span class=\"_ _9\"></span>tion.<span class=\"_ _304\"> </span>Insurance an<span class=\"_ _7\"></span>d reinsurance contracts<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Liability for incurr<span class=\"_ _9\"></span>ed claims<span class=\"_ _304\"> </span>The u<span class=\"_ _7\"></span>ltimate cost of ou<span class=\"_ _7\"></span>tstand<span class=\"_ _7\"></span>ing cla<span class=\"_ _7\"></span>ims is es<span class=\"_ _7\"></span>timated by <span class=\"ls8 ws4\"> </span>using a range<span class=\"_ _9\"></span> of standar<span class=\"_ _9\"></span>d actuarial claims pr<span class=\"_ _9\"></span>ojection<span class=\"_ _9\"></span> techniques<span class=\"_ _9\"></span>. The Group relies on<span class=\"_ _9\"></span> actuarial analysis t<span class=\"_ _9\"></span>o<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>estim<span class=\"_ _7\"></span>ate the settle<span class=\"_ _7\"></span>ment c<span class=\"_ _7\"></span>ost of futu<span class=\"_ _7\"></span>re claim<span class=\"_ _7\"></span>s. Via a for<span class=\"_ _7\"></span>mal gov<span class=\"_ _9\"></span>erned process, there<span class=\"_ _9\"></span> is close communicat<span class=\"_ _9\"></span>ion between <span class=\"ls8 ws4\"> </span>the actu<span class=\"_ _7\"></span>arie<span class=\"_ _7\"></span>s and othe<span class=\"_ _7\"></span>r key stakehold<span class=\"_ _7\"></span>ers, su<span class=\"_ _7\"></span>ch as the <span class=\"ls8 ws4\"> </span>und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wri<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rs, claim<span class=\"_ _7\"></span>s and fin<span class=\"_ _7\"></span>ance tea<span class=\"_ _7\"></span>ms whe<span class=\"_ _7\"></span>n settin<span class=\"_ _7\"></span>g <span class=\"ls8 ws4\"> </span>and valida<span class=\"_ _9\"></span>ting the<span class=\"_ _9\"></span> assumptions<span class=\"_ _9\"></span>. The main assumpt<span class=\"_ _9\"></span>ion und<span class=\"_ _7\"></span>erly<span class=\"_ _7\"></span>ing the<span class=\"_ _7\"></span>se techni<span class=\"_ _7\"></span>ques i<span class=\"_ _7\"></span>s that a Group\u2019<span class=\"_ _9\"></span>s past cla<span class=\"_ _7\"></span>ims develo<span class=\"_ _7\"></span>pment ex<span class=\"_ _7\"></span>per<span class=\"_ _7\"></span>ienc<span class=\"_ _7\"></span>e can be u<span class=\"_ _7\"></span>sed to projec<span class=\"_ _7\"></span>t future <span class=\"ls8 ws4\"> </span>claims dev<span class=\"_ _9\"></span>elopment and hence ulti<span class=\"_ _9\"></span>mate<span class=\"_ _9\"></span> claims costs<span class=\"_ _9\"></span>. The<span class=\"_ _7\"></span>se metho<span class=\"_ _7\"></span>ds extr<span class=\"_ _7\"></span>apolate the d<span class=\"_ _7\"></span>evelopm<span class=\"_ _7\"></span>ent of paid a<span class=\"_ _7\"></span>nd incurred losses,<span class=\"_ _9\"></span> avera<span class=\"_ _9\"></span>ge costs per claim<span class=\"_ _9\"></span> (including claims<span class=\"_ _9\"></span> han<span class=\"_ _7\"></span>dling co<span class=\"_ _7\"></span>sts)<span class=\"_ _9\"></span>, and cla<span class=\"_ _7\"></span>im numb<span class=\"_ _7\"></span>ers ba<span class=\"_ _7\"></span>sed on the o<span class=\"_ _7\"></span>bser<span class=\"_ _7\"></span>ve<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> develo<span class=\"_ _7\"></span>pment of e<span class=\"_ _7\"></span>arli<span class=\"_ _7\"></span>er year<span class=\"_ _7\"></span>s and exp<span class=\"_ _7\"></span>ected lo<span class=\"_ _7\"></span>ss ratios. Hist<span class=\"_ _9\"></span>orical claims development is mainly analysed b<span class=\"_ _9\"></span>y accident<span class=\"_ _9\"></span> year<span class=\"_ _7\"></span>s, but ca<span class=\"_ _7\"></span>n also be f<span class=\"_ _7\"></span>ur<span class=\"_ _7\"></span>ther a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>ed by geo<span class=\"_ _7\"></span>graph<span class=\"_ _7\"></span>ical a<span class=\"_ _7\"></span>rea,<span class=\"_ _304\"> </span>as well a<span class=\"_ _7\"></span>s by signi<span class=\"_ _7\"></span>ficant bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss lin<span class=\"_ _7\"></span>es and c<span class=\"_ _7\"></span>laim t<span class=\"_ _7\"></span>ype<span class=\"_ _7\"></span>s. In <span class=\"ls8 ws4\"> </span>most c<span class=\"_ _7\"></span>ases, no ex<span class=\"_ _7\"></span>plici<span class=\"_ _7\"></span>t assu<span class=\"_ _7\"></span>mptions are m<span class=\"_ _7\"></span>ade reg<span class=\"_ _7\"></span>arding <span class=\"ls8 ws4\"> </span>futu<span class=\"_ _7\"></span>re rates of claim<span class=\"_ _7\"></span>s inflation o<span class=\"_ _7\"></span>r loss rati<span class=\"_ _7\"></span>os. Instead, the assumption<span class=\"_ _9\"></span>s used are t<span class=\"_ _9\"></span>hose implicit in<span class=\"_ _9\"></span> the hist<span class=\"_ _9\"></span>orical claims<span class=\"_ _9\"></span> develo<span class=\"_ _7\"></span>pment d<span class=\"_ _7\"></span>ata on wh<span class=\"_ _7\"></span>ich the proj<span class=\"_ _7\"></span>ectio<span class=\"_ _7\"></span>ns are base<span class=\"_ _7\"></span>d.<span class=\"_ _9\"></span> Additi<span class=\"_ _7\"></span>onal qu<span class=\"_ _7\"></span>alitati<span class=\"_ _7\"></span>ve judge<span class=\"_ _7\"></span>ment is u<span class=\"_ _7\"></span>sed to asse<span class=\"_ _7\"></span>ss the ex<span class=\"_ _7\"></span>tent <span class=\"ls8 ws4\"> </span>to which pa<span class=\"_ _7\"></span>st trends m<span class=\"_ _7\"></span>ay not appl<span class=\"_ _7\"></span>y in future (for exa<span class=\"_ _7\"></span>mple, to<span class=\"_ _9\"></span> reflec<span class=\"_ _7\"></span>t one-<span class=\"_ _7\"></span>of<span class=\"_ _7\"></span>f occur<span class=\"_ _7\"></span>renc<span class=\"_ _7\"></span>es, cha<span class=\"_ _7\"></span>nges in ex<span class=\"_ _7\"></span>tern<span class=\"_ _7\"></span>al or ma<span class=\"_ _7\"></span>rket fact<span class=\"_ _9\"></span>ors such as public<span class=\"_ _9\"></span> attitudes t<span class=\"_ _9\"></span>o claiming<span class=\"_ _9\"></span>, economic conditions<span class=\"_ _9\"></span>, levels<span class=\"_ _9\"></span> of claims<span class=\"_ _9\"></span> inflation<span class=\"_ _9\"></span>, judicial decisions<span class=\"_ _9\"></span> and leg<span class=\"_ _7\"></span>islatio<span class=\"_ _7\"></span>n, as well as inter<span class=\"_ _7\"></span>nal fac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>s such as p<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tfol<span class=\"_ _7\"></span>io mix, poli<span class=\"_ _7\"></span>cy feature<span class=\"_ _7\"></span>s and cla<span class=\"_ _7\"></span>ims ha<span class=\"_ _7\"></span>ndling p<span class=\"_ _7\"></span>roced<span class=\"_ _7\"></span>ures) in orde<span class=\"_ _7\"></span>r t<span class=\"_ _9\"></span>o arr<span class=\"_ _7\"></span>ive at the es<span class=\"_ _7\"></span>timated ultim<span class=\"_ _7\"></span>ate cost of clai<span class=\"_ _7\"></span>ms that pres<span class=\"_ _7\"></span>ent <span class=\"ls8 ws4\"> </span>the pr<span class=\"_ _9\"></span>obability-w<span class=\"_ _9\"></span>eight<span class=\"_ _9\"></span>ed expected v<span class=\"_ _9\"></span>alue out<span class=\"_ _9\"></span>come from<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>the ran<span class=\"_ _7\"></span>ge of poss<span class=\"_ _7\"></span>ible ou<span class=\"_ _7\"></span>tcomes, ta<span class=\"_ _7\"></span>king ac<span class=\"_ _7\"></span>count of a<span class=\"_ _7\"></span>ll the uncer<span class=\"_ _7\"></span>taint<span class=\"_ _9\"></span>ies involv<span class=\"_ _9\"></span>ed.<span class=\"_ _304\"> </span>(b<span class=\"_ _9\"></span>) Risk adjust<span class=\"_ _9\"></span>ment for non<span class=\"_ _9\"></span>-financial risk<span class=\"_ _304\"> </span>The risk adjust<span class=\"_ _9\"></span>ment for non<span class=\"_ _9\"></span>-financial risk<span class=\"_ _9\"></span> is the compensat<span class=\"_ _9\"></span>ion that the G<span class=\"_ _7\"></span>roup requ<span class=\"_ _7\"></span>ires for be<span class=\"_ _7\"></span>ari<span class=\"_ _7\"></span>ng the unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>taint<span class=\"_ _7\"></span>y ab<span class=\"_ _7\"></span>out the amo<span class=\"_ _7\"></span>unt and tim<span class=\"_ _7\"></span>ing of the cas<span class=\"_ _7\"></span>h flows of groups of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts. The r<span class=\"_ _7\"></span>isk adju<span class=\"_ _7\"></span>stment refl<span class=\"_ _7\"></span>ects an a<span class=\"_ _7\"></span>mount that a<span class=\"_ _7\"></span>n insu<span class=\"_ _7\"></span>rer would c<span class=\"_ _7\"></span>harge to make it in<span class=\"_ _7\"></span>dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nt betwe<span class=\"_ _7\"></span>en the c<span class=\"_ _7\"></span>ash flows with a r<span class=\"_ _7\"></span>ange of prob<span class=\"_ _7\"></span>able sc<span class=\"_ _7\"></span>ena<span class=\"_ _7\"></span>rios ver<span class=\"_ _7\"></span>sus eq<span class=\"_ _7\"></span>uival<span class=\"_ _7\"></span>ent <span class=\"ls8 ws4\"> </span>fixe<span class=\"_ _7\"></span>d cas<span class=\"_ _7\"></span>h flows.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>o det<span class=\"_ _9\"></span>ermine the risk a<span class=\"_ _9\"></span>djustment f<span class=\"_ _9\"></span>or non-<span class=\"_ _9\"></span>financial risk for<span class=\"_ _9\"></span> reinsurance con<span class=\"_ _9\"></span>tracts<span class=\"_ _9\"></span>, the Gr<span class=\"_ _9\"></span>oup applies a combinat<span class=\"_ _9\"></span>ion <span class=\"ls8 ws4\"> </span>of a value at r<span class=\"_ _7\"></span>isk (<span class=\"_ _7\"></span>V<span class=\"_ _9\"></span>aR) (or a pe<span class=\"_ _7\"></span>rcentil<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>) ap<span class=\"_ _7\"></span>proach a<span class=\"_ _7\"></span>nd a scenario-based approach bot<span class=\"_ _9\"></span>h gross and net<span class=\"_ _9\"></span> of reinsurance<span class=\"_ _9\"></span> and d<span class=\"_ _7\"></span>erive<span class=\"_ _7\"></span>s the amo<span class=\"_ _7\"></span>unt of risk b<span class=\"_ _7\"></span>eing tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>red to the <span class=\"ls8 ws4\"> </span>reins<span class=\"_ _7\"></span>urer as th<span class=\"_ _7\"></span>e dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nce bet<span class=\"_ _7\"></span>ween th<span class=\"_ _7\"></span>e two res<span class=\"_ _7\"></span>ults. Most busi<span class=\"_ _7\"></span>nes<span class=\"_ _7\"></span>s is meas<span class=\"_ _7\"></span>ured un<span class=\"_ _7\"></span>der the P<span class=\"_ _9\"></span>A<span class=\"_ _7\"></span>A mo<span class=\"_ _7\"></span>del an<span class=\"_ _7\"></span>d therefore <span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _7\"></span>up doe<span class=\"_ _7\"></span>s not calc<span class=\"_ _7\"></span>ulate a risk ad<span class=\"_ _7\"></span>justme<span class=\"_ _7\"></span>nt in relatio<span class=\"_ _7\"></span>n t<span class=\"_ _9\"></span>o LRC e<span class=\"_ _9\"></span>xcluding<span class=\"_ _9\"></span> loss component.<span class=\"_ _304\"> </span>For t<span class=\"_ _9\"></span>he incurred claim l<span class=\"_ _9\"></span>iabilities measurement purposes<span class=\"_ _9\"></span>, the Gro<span class=\"_ _7\"></span>up calc<span class=\"_ _7\"></span>ulates the r<span class=\"_ _7\"></span>isk adju<span class=\"_ _7\"></span>stment at e<span class=\"_ _7\"></span>ach insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>tak<span class=\"_ _7\"></span>ing entit<span class=\"_ _7\"></span>y in ac<span class=\"_ _7\"></span>corda<span class=\"_ _7\"></span>nce wi<span class=\"_ _7\"></span>th its risk p<span class=\"_ _7\"></span>rofile usin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> a com<span class=\"_ _7\"></span>bination of VaR method a<span class=\"_ _7\"></span>nd sce<span class=\"_ _7\"></span>nari<span class=\"_ _7\"></span>o anal<span class=\"_ _7\"></span>ysis targ<span class=\"_ _7\"></span>eting an overa<span class=\"_ _7\"></span>ll confid<span class=\"_ _7\"></span>ence l<span class=\"_ _7\"></span>evel for the agg<span class=\"_ _7\"></span>regate ris<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span> distr<span class=\"_ _7\"></span>ibutio<span class=\"_ _7\"></span>n. Scena<span class=\"_ _7\"></span>rio an<span class=\"_ _7\"></span>alysi<span class=\"_ _7\"></span>s is used to deter<span class=\"_ _7\"></span>mine the l<span class=\"_ _7\"></span>evel of<span class=\"_ _9\"></span> com<span class=\"_ _7\"></span>pens<span class=\"_ _7\"></span>ation that the G<span class=\"_ _7\"></span>roup requ<span class=\"_ _7\"></span>ires for b<span class=\"_ _7\"></span>eari<span class=\"_ _7\"></span>ng unce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>taint<span class=\"_ _7\"></span>y about the lar<span class=\"_ _9\"></span>ge event<span class=\"_ _a\"></span>-driven claims, f<span class=\"_ _9\"></span>or example<span class=\"_ _9\"></span> natural<span class=\"_ _9\"></span> cata<span class=\"_ _7\"></span>strophe. Th<span class=\"_ _7\"></span>is ele<span class=\"_ _7\"></span>ment of the co<span class=\"_ _7\"></span>mpen<span class=\"_ _7\"></span>sation for r<span class=\"_ _7\"></span>isk ta<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> into consi<span class=\"_ _7\"></span>deratio<span class=\"_ _7\"></span>n the rang<span class=\"_ _7\"></span>e of potential outco<span class=\"_ _7\"></span>mes fro<span class=\"_ _7\"></span>m an event an<span class=\"_ _7\"></span>d the sens<span class=\"_ _7\"></span>itivi<span class=\"_ _7\"></span>ties of the lo<span class=\"_ _7\"></span>ss posi<span class=\"_ _7\"></span>tions in a<span class=\"_ _7\"></span>ny model<span class=\"_ _7\"></span>led sce<span class=\"_ _7\"></span>nari<span class=\"_ _7\"></span>os. Give<span class=\"_ _7\"></span>n the nature of the un<span class=\"_ _7\"></span>derl<span class=\"_ _7\"></span>ying b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss and los<span class=\"_ _7\"></span>ses it is n<span class=\"_ _7\"></span>orma<span class=\"_ _7\"></span>l for new ris<span class=\"_ _7\"></span>ks to becom<span class=\"_ _7\"></span>e appare<span class=\"_ _7\"></span>nt or for <span class=\"ls8 ws4\"> </span>the mag<span class=\"_ _7\"></span>nitude of exi<span class=\"_ _7\"></span>sting ris<span class=\"_ _7\"></span>ks to change ove<span class=\"_ _7\"></span>r time.<span class=\"_ _304\"> </span>Grou<span class=\"_ _7\"></span>p divers<span class=\"_ _7\"></span>ificati<span class=\"_ _7\"></span>on ben<span class=\"_ _7\"></span>efit is not co<span class=\"_ _7\"></span>nside<span class=\"_ _7\"></span>red at the ind<span class=\"_ _7\"></span>ivid<span class=\"_ _7\"></span>ual insu<span class=\"_ _7\"></span>rance u<span class=\"_ _7\"></span>nder<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>kin<span class=\"_ _7\"></span>g entit<span class=\"_ _7\"></span>y level but i<span class=\"_ _7\"></span>s consi<span class=\"_ _7\"></span>dered i<span class=\"_ _7\"></span>n determ<span class=\"_ _7\"></span>ining th<span class=\"_ _7\"></span>e confide<span class=\"_ _7\"></span>nce leve<span class=\"_ _7\"></span>l at a conso<span class=\"_ _7\"></span>lidated level for disc<span class=\"_ _7\"></span>losure p<span class=\"_ _7\"></span>urpo<span class=\"_ _7\"></span>ses. At 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2023<span class=\"_ _9\"></span>, the r<span class=\"_ _7\"></span>isk adju<span class=\"_ _7\"></span>stment in re<span class=\"_ _7\"></span>spe<span class=\"_ _7\"></span>ct of the LIC net of rei<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce is at the 83rd pe<span class=\"_ _7\"></span>rcentil<span class=\"_ _7\"></span>e (3<span class=\"_ _9\"></span>1 Dece<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 2022<span class=\"_ _9\"></span>: 7<span class=\"_ _9\"></span>8th pe<span class=\"_ _7\"></span>rcentile)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>c) P<span class=\"_ _9\"></span>remium allocation approa<span class=\"_ _9\"></span>ch eligibility asse<span class=\"_ _7\"></span>ssment<span class=\"_ _304\"> </span>A simplified measurement<span class=\"_ _9\"></span> model, t<span class=\"_ _9\"></span>he P<span class=\"_ _9\"></span>AA<span class=\"_ _7\"></span>, can be<span class=\"_ _9\"></span> applied if cer<span class=\"_ _7\"></span>tain eligibil<span class=\"_ _9\"></span>it<span class=\"_ _7\"></span>y crit<span class=\"_ _9\"></span>eria are met<span class=\"_ _9\"></span>. The majority of<span class=\"_ _9\"></span> the Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s poli<span class=\"_ _7\"></span>cies h<span class=\"_ _7\"></span>ave a coverage pe<span class=\"_ _7\"></span>riod of 1<span class=\"_ _9\"></span>2 months or l<span class=\"_ _7\"></span>ess a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span>so are<span class=\"_ _9\"></span> eligible for t<span class=\"_ _9\"></span>he P<span class=\"_ _a\"></span>A<span class=\"_ _7\"></span>A<span class=\"_ _7\"></span>. Management applies sign<span class=\"_ _9\"></span>ificant judg<span class=\"_ _7\"></span>ment w<span class=\"_ _7\"></span>hether a<span class=\"_ _7\"></span>pply<span class=\"_ _7\"></span>ing P<span class=\"_ _9\"></span>A<span class=\"_ _7\"></span>A to those groups of c<span class=\"_ _7\"></span>ontracts would di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>fer materi<span class=\"_ _7\"></span>ally f<span class=\"_ _7\"></span>rom GMM w<span class=\"_ _7\"></span>ith a coverag<span class=\"_ _7\"></span>e peri<span class=\"_ _7\"></span>od exten<span class=\"_ _7\"></span>ding beyon<span class=\"_ _7\"></span>d 1<span class=\"_ _a\"></span>2 mo<span class=\"_ _7\"></span>nths.<span class=\"_ _304\"> </span>Significant account<span class=\"_ _9\"></span>ing estima<span class=\"_ _9\"></span>tes<span class=\"_ _304\"> </span>All e<span class=\"_ _7\"></span>stimates are b<span class=\"_ _7\"></span>ased o<span class=\"_ _7\"></span>n manag<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt\u2019<span class=\"_ _9\"></span>s knowle<span class=\"_ _7\"></span>dge <span class=\"ls8 ws4\"> </span>of curr<span class=\"_ _9\"></span>ent facts<span class=\"_ _9\"></span> and circumstances<span class=\"_ _9\"></span>, assumptions<span class=\"_ _9\"></span> based <span class=\"ls8 ws4\"> </span>on that k<span class=\"_ _7\"></span>nowle<span class=\"_ _7\"></span>dge and th<span class=\"_ _7\"></span>eir pre<span class=\"_ _7\"></span>dictio<span class=\"_ _7\"></span>ns of future even<span class=\"_ _7\"></span>ts.<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>Actu<span class=\"_ _7\"></span>al re<span class=\"_ _7\"></span>su<span class=\"_ _7\"></span>lts may di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>fer from th<span class=\"_ _7\"></span>ose estim<span class=\"_ _7\"></span>ates, possi<span class=\"_ _7\"></span>bly signifi<span class=\"_ _9\"></span>cantly<span class=\"_ _a\"></span>. Re<span class=\"_ _9\"></span>vision<span class=\"_ _9\"></span>s t<span class=\"_ _9\"></span>o accounting est<span class=\"_ _9\"></span>imates are<span class=\"_ _9\"></span> recognised in the pe<span class=\"_ _7\"></span>riod i<span class=\"_ _7\"></span>n whic<span class=\"_ _7\"></span>h the estim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e is rev<span class=\"_ _7\"></span>ised a<span class=\"_ _7\"></span>nd in any <span class=\"ls8 ws4\"> </span>fu<span class=\"_ _7\"></span>ture per<span class=\"_ _7\"></span>iods af<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>cted.<span class=\"_ _304\"> </span>The m<span class=\"_ _7\"></span>ost cr<span class=\"_ _7\"></span>itical e<span class=\"_ _7\"></span>stimate incl<span class=\"_ _7\"></span>uded w<span class=\"_ _7\"></span>ithin the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s <span class=\"ls8 ws4\"> </span>bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet is the m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nt of insura<span class=\"_ _7\"></span>nce contr<span class=\"_ _7\"></span>act liabilities and<span class=\"_ _9\"></span> reinsurance cont<span class=\"_ _9\"></span>ract held assets<span class=\"_ _9\"></span>, and in<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>par<span class=\"_ _7\"></span>tic<span class=\"_ _9\"></span>ular the estima<span class=\"_ _9\"></span>te o<span class=\"_ _9\"></span>f the<span class=\"_ _9\"></span> liability for incurred claims<span class=\"_ _9\"></span> (LIC)<span class=\"_ _a\"></span>. The total gro<span class=\"_ _7\"></span>ss esti<span class=\"_ _7\"></span>mate of LIC as at 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2023 is<span class=\"_ _9\"></span> $6,604.<span class=\"_ _9\"></span>0 mil<span class=\"_ _7\"></span>lion (2022<span class=\"_ _9\"></span>: $6,694<span class=\"_ _9\"></span>.3 mill<span class=\"_ _7\"></span>ion)<span class=\"_ _9\"></span>. The total es<span class=\"_ _7\"></span>timate for reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e asset fo<span class=\"_ _7\"></span>r incur<span class=\"_ _7\"></span>red cla<span class=\"_ _7\"></span>ims as at 31 Dece<span class=\"_ _7\"></span>mber 2023 is $ 2<span class=\"_ _9\"></span>,098.3 mi<span class=\"_ _7\"></span>llion (2022<span class=\"_ _9\"></span>: $2<span class=\"_ _9\"></span>,5<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>7<span class=\"_ _20\"></span>.<span class=\"_ _7\"></span>2 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>).<span class=\"_ _304\"> </span>Insurance an<span class=\"_ _7\"></span>d reinsurance contracts<span class=\"_ _304\"> </span>In app<span class=\"_ _7\"></span>lyin<span class=\"_ _7\"></span>g IFRS 1<span class=\"_ _a\"></span>7 me<span class=\"_ _7\"></span>asurem<span class=\"_ _7\"></span>ent req<span class=\"_ _7\"></span>uireme<span class=\"_ _7\"></span>nts, the followi<span class=\"_ _7\"></span>ng inputs and met<span class=\"_ _9\"></span>hods were used<span class=\"_ _9\"></span> that include significant<span class=\"_ _9\"></span> estim<span class=\"_ _7\"></span>ates. The pre<span class=\"_ _7\"></span>sent val<span class=\"_ _7\"></span>ue of futu<span class=\"_ _7\"></span>re cash flows i<span class=\"_ _7\"></span>s estimated using det<span class=\"_ _9\"></span>erministic scenarios. The assumption<span class=\"_ _9\"></span>s used in the deter<span class=\"_ _7\"></span>ministi<span class=\"_ _7\"></span>c scen<span class=\"_ _7\"></span>ario<span class=\"_ _7\"></span>s are der<span class=\"_ _7\"></span>ived to approxim<span class=\"_ _7\"></span>ate the<span class=\"_ _9\"></span> proba<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y-weighted me<span class=\"_ _7\"></span>an of a full ra<span class=\"_ _7\"></span>nge of sc<span class=\"_ _7\"></span>enar<span class=\"_ _7\"></span>ios. For <span class=\"ls8 ws4\"> </span>the sensit<span class=\"_ _9\"></span>ivities with regar<span class=\"_ _9\"></span>d to<span class=\"_ _9\"></span> the assumpt<span class=\"_ _9\"></span>ions made t<span class=\"_ _9\"></span>hat<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>hav<span class=\"_ _9\"></span>e the most<span class=\"_ _9\"></span> significant impact on<span class=\"_ _9\"></span> measurement under<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>IFRS 1<span class=\"_ _a\"></span>7<span class=\"_ _20\"></span>, p<span class=\"_ _7\"></span>leas<span class=\"_ _7\"></span>e refer to not<span class=\"_ _9\"></span>e 3, man<span class=\"_ _7\"></span>ageme<span class=\"_ _7\"></span>nt of risk.<span class=\"_ _304\"> </span>(a) Discou<span class=\"_ _7\"></span>nt rates<span class=\"_ _304\"> </span>Insurance cont<span class=\"_ _9\"></span>ract liabilit<span class=\"_ _9\"></span>ies are calculat<span class=\"_ _9\"></span>ed by<span class=\"_ _9\"></span> discounting<span class=\"_ _9\"></span> expe<span class=\"_ _7\"></span>cted futu<span class=\"_ _7\"></span>re cash fl<span class=\"_ _7\"></span>ows at a risk<span class=\"_ _9\"></span>-free rate, plus a<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>illiq<span class=\"_ _7\"></span>uidit<span class=\"_ _7\"></span>y pre<span class=\"_ _7\"></span>mium wh<span class=\"_ _7\"></span>ere app<span class=\"_ _7\"></span>lica<span class=\"_ _7\"></span>ble. Risk-<span class=\"_ _9\"></span>fre<span class=\"_ _7\"></span>e rates were der<span class=\"_ _7\"></span>ived us<span class=\"_ _7\"></span>ing swap rates avail<span class=\"_ _7\"></span>able i<span class=\"_ _7\"></span>n the mar<span class=\"_ _7\"></span>ket denomi<span class=\"_ _7\"></span>nated in the s<span class=\"_ _7\"></span>ame cur<span class=\"_ _7\"></span>rency a<span class=\"_ _7\"></span>s the insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ontracts be<span class=\"_ _7\"></span>ing mea<span class=\"_ _7\"></span>sured. Wh<span class=\"_ _7\"></span>en swap rates a<span class=\"_ _7\"></span>re not availabl<span class=\"_ _7\"></span>e, highly l<span class=\"_ _7\"></span>iquid sov<span class=\"_ _9\"></span>ereign bonds with<span class=\"_ _9\"></span> the highest<span class=\"_ _9\"></span>, for<span class=\"_ _9\"></span> example<span class=\"_ _9\"></span>, A<span class=\"_ _7\"></span>A<span class=\"_ _7\"></span>A<span class=\"_ _7\"></span>/<span class=\"_ _a\"></span>A<span class=\"_ _7\"></span>A <span class=\"ls8 ws4\"> </span>cred<span class=\"_ _7\"></span>it rating were u<span class=\"_ _7\"></span>sed.<span class=\"_ _304\"> </span>Management uses judgement to<span class=\"_ _9\"></span> asses<span class=\"_ _7\"></span>s liquidity<span class=\"_ _9\"></span> cha<span class=\"_ _7\"></span>racteris<span class=\"_ _7\"></span>tics of the li<span class=\"_ _7\"></span>abilit<span class=\"_ _7\"></span>y ca<span class=\"_ _7\"></span>sh flows. Th<span class=\"_ _7\"></span>e illiqu<span class=\"_ _7\"></span>idit<span class=\"_ _7\"></span>y <span class=\"ls8 ws4\"> </span>prem<span class=\"_ _7\"></span>ium was es<span class=\"_ _7\"></span>timated base<span class=\"_ _7\"></span>d on mar<span class=\"_ _7\"></span>ket obser<span class=\"_ _7\"></span>va<span class=\"_ _7\"></span>ble liqu<span class=\"_ _7\"></span>idit<span class=\"_ _7\"></span>y premiums in financial asset<span class=\"_ _9\"></span>s, adjust<span class=\"_ _9\"></span>ed t<span class=\"_ _9\"></span>o reflect the<span class=\"_ _9\"></span> illiquidity cha<span class=\"_ _7\"></span>racteris<span class=\"_ _7\"></span>tics of the li<span class=\"_ _7\"></span>abilit<span class=\"_ _7\"></span>y ca<span class=\"_ _7\"></span>sh flows. Th<span class=\"_ _7\"></span>e illiqu<span class=\"_ _7\"></span>idit<span class=\"_ _7\"></span>y premi<span class=\"_ _7\"></span>um is deter<span class=\"_ _7\"></span>mined by refe<span class=\"_ _7\"></span>rence to mar<span class=\"_ _7\"></span>ket obser<span class=\"_ _7\"></span>va<span class=\"_ _7\"></span>ble A<span class=\"_ _7\"></span>A-rated bond<span class=\"_ _7\"></span>s yiel<span class=\"_ _7\"></span>d cur<span class=\"_ _7\"></span>ve in the cu<span class=\"_ _7\"></span>rrenc<span class=\"_ _7\"></span>y of the insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntract bei<span class=\"_ _7\"></span>ng mea<span class=\"_ _7\"></span>sured, adju<span class=\"_ _7\"></span>sted to remove both expec<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed a<span class=\"_ _7\"></span>nd unexpect<span class=\"_ _9\"></span>ed credit risk.<span class=\"_ _304\"> </span>The follo<span class=\"_ _9\"></span>wing discount r<span class=\"_ _9\"></span>ates w<span class=\"_ _9\"></span>ere applied f<span class=\"_ _9\"></span>or the currencies<span class=\"_ _9\"></span> and periods presented<span class=\"_ _9\"></span> below:<table class=\"s w17d ha0\" id=\"_795d9b0f-08d2-4f85-8042-66fed830d51e\"><tr><td></td><td></td><td></td><td class=\"t m0 x3a3 h43 y1f5a ff64 fs28 fc2 sc0 ls145 ws1dc\"> <span class=\"_ _1c4\"> </span>Y<span class=\"_ _9\"></span>ear end<span class=\"_ _9\"></span> 31<span class=\"_ _9\"></span> December 2<span class=\"_ _9\"></span>023<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3a4 h43 y1f5b ff64 fs28 fc2 sc0 ls145 ws1dc\">1 y<span class=\"_ _9\"></span>ear<span class=\"_ _304\"> </span></td><td class=\"t m0 x3a5 h43 y1f5b ff64 fs28 fc2 sc0 ls145 ws1dc\">3 y<span class=\"_ _9\"></span>ear<span class=\"_ _304\"> </span></td><td class=\"t m0 x3a6 h43 y1f5b ff64 fs28 fc2 sc0 ls145 ws1dc\">5 y<span class=\"_ _9\"></span>ear<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3a7 h43 y1f5c ff64 fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td><td class=\"t m0 x3a8 h43 y1f5c ff64 fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td><td class=\"t m0 x3a9 h43 y1f5c ff64 fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f41 w17e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">USD<span class=\"_ _304\"> </span></div></td><td class=\"c n x3aa y1f41 wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.8<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ab y1f41 w17f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.92<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ac y1f41 w180 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls140 ws226\">3<span class=\"_ _2c\"></span>.<span class=\"_ _7\"></span>74<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f5d w181 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">GBP<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ad y1f5d w182 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8a wsa0\">4.<span class=\"_ _7\"></span>97<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ae y1f5d w183 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">4<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x3af y1f5d w184 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.82<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e7d w185 h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws120\">EUR<span class=\"_ _304\"> </span></div></td><td class=\"c n x3b0 y1e7d wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">3<span class=\"_ _7\"></span>.49<span class=\"_ _304\"> </span></div></td><td class=\"c n x3b1 y1e7d w186 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>.75<span class=\"_ _304\"> </span></div></td><td class=\"c n x3b2 y1e7d w17b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.6<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w187 h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">CAD<span class=\"_ _304\"> </span></div></td><td class=\"c n x3b3 y1e80 w188 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.63<span class=\"_ _304\"> </span></div></td><td class=\"c n x3b4 y1e80 w189 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">3.6<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x3b5 y1e80 w184 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.39</div></td></tr></table><table class=\"s w18a ha1\" id=\"_474a364d-5acf-4d10-a844-cd17b64be1a4\"><tr><td></td><td></td><td></td><td class=\"t m0 x3b6 h44 y1f5e ff5f fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _1c6\"> </span>Y<span class=\"_ _9\"></span>ea<span class=\"_ _7\"></span>r en<span class=\"_ _7\"></span>d 31 Dece<span class=\"_ _7\"></span>mb<span class=\"_ _7\"></span>er 2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3b7 h44 y1f5f ff5f fs28 fc2 sc0 lse4 ws15d\">1 yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></td><td class=\"t m0 x3b8 h44 y1f5f ff5f fs28 fc2 sc0 lse4 ws15d\">3 yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></td><td class=\"t m0 x3b9 h44 y1f5f ff5f fs28 fc2 sc0 lse4 ws15d\">5 yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3ba h44 y1f60 ff5f fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td><td class=\"t m0 x3bb h44 y1f60 ff5f fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td><td class=\"t m0 x3bc h44 y1f60 ff5f fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f41 w17e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">USD<span class=\"_ _304\"> </span></div></td><td class=\"c n x3aa y1f41 w18b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x3bd y1f41 w18c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">4<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>24<span class=\"_ _304\"> </span></div></td><td class=\"c n x3be y1f41 w4d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.0<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f42 w181 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">GBP<span class=\"_ _304\"> </span></div></td><td class=\"c n x3bf y1f42 w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.5<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c0 y1f42 w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.6<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c1 y1f42 w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.5<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f61 w185 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws120\">EUR<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c2 y1f61 w18d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c3 y1f61 w18e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsde ws144\">3.<span class=\"_ _7\"></span>28<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c4 y1f61 w18f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>31<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w187 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">CAD<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c5 y1e80 w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.6<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c6 y1e80 w190 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>03<span class=\"_ _304\"> </span></div></td><td class=\"c n x3c7 y1e80 w191 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">3<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>74<span class=\"_ _304\"> </span></div></td></tr></table>(b) Estimates of fu<span class=\"_ _7\"></span>ture cas<span class=\"_ _7\"></span>h flows t<span class=\"_ _9\"></span>o fu<span class=\"_ _7\"></span>lfil ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contracts<span class=\"_ _304\"> </span>Incl<span class=\"_ _7\"></span>uded in th<span class=\"_ _7\"></span>e meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt of each g<span class=\"_ _7\"></span>roup of contrac<span class=\"_ _7\"></span>ts <span class=\"ls8 ws4\"> </span>withi<span class=\"_ _7\"></span>n the scop<span class=\"_ _7\"></span>e of IFRS 1<span class=\"_ _a\"></span>7 are al<span class=\"_ _7\"></span>l of the future c<span class=\"_ _7\"></span>ash flows withi<span class=\"_ _7\"></span>n the boun<span class=\"_ _7\"></span>dar<span class=\"_ _7\"></span>y of eac<span class=\"_ _7\"></span>h group of co<span class=\"_ _7\"></span>ntracts. The e<span class=\"_ _7\"></span>stimates of these f<span class=\"_ _7\"></span>uture c<span class=\"_ _7\"></span>ash flows are b<span class=\"_ _7\"></span>ased on p<span class=\"_ _7\"></span>robabi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y-<span class=\"_ _9\"></span>weig<span class=\"_ _7\"></span>ht<span class=\"_ _9\"></span>ed expe<span class=\"_ _7\"></span>cted futu<span class=\"_ _7\"></span>re cash fl<span class=\"_ _7\"></span>ows. The Grou<span class=\"_ _7\"></span>p estimates w<span class=\"_ _7\"></span>hich <span class=\"ls8 ws4\"> </span>cas<span class=\"_ _7\"></span>h flows are expe<span class=\"_ _7\"></span>cted and th<span class=\"_ _7\"></span>e probab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y that they wil<span class=\"_ _7\"></span>l<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>occ<span class=\"_ _7\"></span>ur as at the me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>ment d<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e. In set<span class=\"_ _7\"></span>ting the<span class=\"_ _7\"></span>se expe<span class=\"_ _7\"></span>ctations, the G<span class=\"_ _7\"></span>roup us<span class=\"_ _7\"></span>es infor<span class=\"_ _7\"></span>mation ab<span class=\"_ _7\"></span>out pas<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>even<span class=\"_ _9\"></span>ts, curr<span class=\"_ _9\"></span>ent conditions<span class=\"_ _9\"></span> and forecasts<span class=\"_ _9\"></span> of future<span class=\"_ _9\"></span> conditions.<span class=\"_ _9\"></span> The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s e<span class=\"_ _7\"></span>stimate of future c<span class=\"_ _7\"></span>ash flows is th<span class=\"_ _7\"></span>e mean of a rang<span class=\"_ _7\"></span>e of scen<span class=\"_ _7\"></span>ario<span class=\"_ _7\"></span>s that reflec<span class=\"_ _7\"></span>t the full r<span class=\"_ _7\"></span>ange of pos<span class=\"_ _7\"></span>sibl<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> outcom<span class=\"_ _7\"></span>es. Each s<span class=\"_ _7\"></span>cena<span class=\"_ _7\"></span>rio sp<span class=\"_ _7\"></span>ecifi<span class=\"_ _7\"></span>es the a<span class=\"_ _7\"></span>mount, timing a<span class=\"_ _7\"></span>nd probability of<span class=\"_ _9\"></span> cash flows<span class=\"_ _9\"></span>. The probability<span class=\"_ _9\"></span>-weigh<span class=\"_ _9\"></span>ted a<span class=\"_ _9\"></span>verage<span class=\"_ _9\"></span> of the fu<span class=\"_ _7\"></span>ture cash fl<span class=\"_ _7\"></span>ows is calc<span class=\"_ _7\"></span>ulated usi<span class=\"_ _7\"></span>ng a determ<span class=\"_ _7\"></span>inistic scenario representing the<span class=\"_ _9\"></span> probability-<span class=\"_ _9\"></span>weighted mean o<span class=\"_ _9\"></span>f <span class=\"ls8 ws4\"> </span>a rang<span class=\"_ _7\"></span>e of scen<span class=\"_ _7\"></span>ario<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>Whe<span class=\"_ _7\"></span>re estim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s of e<span class=\"_ _9\"></span>x<span class=\"_ _7\"></span>pense<span class=\"_ _7\"></span>s-related c<span class=\"_ _7\"></span>ash flows are determ<span class=\"_ _7\"></span>ined at th<span class=\"_ _7\"></span>e por<span class=\"_ _7\"></span>tfo<span class=\"_ _7\"></span>lio level o<span class=\"_ _7\"></span>r highe<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>, they are a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed <span class=\"ls8 ws4\"> </span>to groups of contr<span class=\"_ _7\"></span>acts on a systemati<span class=\"_ _7\"></span>c basis, su<span class=\"_ _7\"></span>ch as <span class=\"ls8 ws4\"> </span>activity-based cost<span class=\"_ _9\"></span>ing method<span class=\"_ _9\"></span>. The Group has det<span class=\"_ _9\"></span>ermined that this m<span class=\"_ _7\"></span>ethod resu<span class=\"_ _7\"></span>lts in a systemati<span class=\"_ _7\"></span>c and ration<span class=\"_ _7\"></span>al all<span class=\"_ _7\"></span>ocation. Simi<span class=\"_ _7\"></span>lar metho<span class=\"_ _7\"></span>ds are co<span class=\"_ _7\"></span>nsistently a<span class=\"_ _7\"></span>ppli<span class=\"_ _7\"></span>ed to alloc<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s of a simil<span class=\"_ _7\"></span>ar nature. Acqu<span class=\"_ _7\"></span>isitio<span class=\"_ _7\"></span>n cash fl<span class=\"_ _7\"></span>ows are ty<span class=\"_ _7\"></span>pica<span class=\"_ _7\"></span>lly al<span class=\"_ _7\"></span>located to groups of contr<span class=\"_ _7\"></span>acts base<span class=\"_ _7\"></span>d on gros<span class=\"_ _7\"></span>s premiu<span class=\"_ _7\"></span>ms wri<span class=\"_ _7\"></span>tten. <span class=\"ls8 ws4\"> </span>Thi<span class=\"_ _7\"></span>s inclu<span class=\"_ _7\"></span>des an a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>ation of acqu<span class=\"_ _7\"></span>isition c<span class=\"_ _7\"></span>ash flows a<span class=\"_ _7\"></span>mong <span class=\"ls8 ws4\"> </span>existin<span class=\"_ _7\"></span>g groups of ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts issue<span class=\"_ _7\"></span>d. Claims set<span class=\"_ _7\"></span>tleme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>-related ex<span class=\"_ _7\"></span>pense<span class=\"_ _7\"></span>s are la<span class=\"_ _7\"></span>rgely a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed b<span class=\"_ _7\"></span>ased <span class=\"ls8 ws4\"> </span>on claims cost<span class=\"_ _9\"></span>s.<span class=\"_ _304\"> </span>Unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>taint<span class=\"_ _7\"></span>y in the e<span class=\"_ _7\"></span>stimatio<span class=\"_ _7\"></span>n of future cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d bene<span class=\"_ _7\"></span>fit pa<span class=\"_ _9\"></span>yments<span class=\"_ _9\"></span> arises prim<span class=\"_ _9\"></span>arily fr<span class=\"_ _9\"></span>om the<span class=\"_ _9\"></span> sev<span class=\"_ _9\"></span>erity and fr<span class=\"_ _9\"></span>equency<span class=\"_ _9\"></span> of clai<span class=\"_ _7\"></span>ms and un<span class=\"_ _7\"></span>cer<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>inties re<span class=\"_ _7\"></span>gardin<span class=\"_ _7\"></span>g future i<span class=\"_ _7\"></span>nflation rates leading t<span class=\"_ _9\"></span>o claims and claims-handling<span class=\"_ _9\"></span> expenses growth.<span class=\"_ _9\"></span> Ass<span class=\"_ _7\"></span>umptions u<span class=\"_ _7\"></span>sed to develop e<span class=\"_ _7\"></span>stimates a<span class=\"_ _7\"></span>bout f<span class=\"_ _7\"></span>uture cas<span class=\"_ _7\"></span>h flows are re<span class=\"_ _7\"></span>asse<span class=\"_ _7\"></span>ssed at e<span class=\"_ _7\"></span>ach re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting date and a<span class=\"_ _7\"></span>djusted whe<span class=\"_ _7\"></span>re requ<span class=\"_ _7\"></span>ired.<span class=\"_ _304\"> </span>(c<span class=\"_ _9\"></span>) Fair valu<span class=\"_ _7\"></span>e mea<span class=\"_ _7\"></span>sureme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup ca<span class=\"_ _7\"></span>rri<span class=\"_ _7\"></span>es its fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l investme<span class=\"_ _7\"></span>nts at fair valu<span class=\"_ _7\"></span>e <span class=\"ls8 ws4\"> </span>throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s, with fai<span class=\"_ _7\"></span>r values d<span class=\"_ _7\"></span>etermin<span class=\"_ _7\"></span>ed usi<span class=\"_ _7\"></span>ng published price quo<span class=\"_ _9\"></span>tations<span class=\"_ _9\"></span> in the most<span class=\"_ _9\"></span> active<span class=\"_ _9\"></span> financial market<span class=\"_ _9\"></span>s in whi<span class=\"_ _7\"></span>ch the as<span class=\"_ _7\"></span>sets trade, whe<span class=\"_ _7\"></span>re availab<span class=\"_ _7\"></span>le. Where q<span class=\"_ _7\"></span>uoted mar<span class=\"_ _7\"></span>ket price<span class=\"_ _7\"></span>s are not availa<span class=\"_ _7\"></span>ble, valuati<span class=\"_ _7\"></span>on techni<span class=\"_ _7\"></span>ques a<span class=\"_ _7\"></span>re use<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o valu<span class=\"_ _7\"></span>e finan<span class=\"_ _7\"></span>cial in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nts. The<span class=\"_ _7\"></span>se incl<span class=\"_ _7\"></span>ude third-pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty valuati<span class=\"_ _7\"></span>on repo<span class=\"_ _7\"></span>rts a<span class=\"_ _7\"></span>nd mod<span class=\"_ _7\"></span>els utili<span class=\"_ _7\"></span>sing both ob<span class=\"_ _7\"></span>ser<span class=\"_ _7\"></span>vabl<span class=\"_ _7\"></span>e and unobser<span class=\"_ _7\"></span>vable<span class=\"_ _9\"></span> market input<span class=\"_ _9\"></span>s. V<span class=\"_ _9\"></span>aluat<span class=\"_ _9\"></span>ion t<span class=\"_ _9\"></span>echniques involv<span class=\"_ _9\"></span>e judg<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, inc<span class=\"_ _7\"></span>ludin<span class=\"_ _7\"></span>g the use of valu<span class=\"_ _7\"></span>ation mod<span class=\"_ _7\"></span>els an<span class=\"_ _7\"></span>d their inpu<span class=\"_ _7\"></span>ts, which c<span class=\"_ _7\"></span>an le<span class=\"_ _7\"></span>ad t<span class=\"_ _9\"></span>o a ra<span class=\"_ _7\"></span>nge of plau<span class=\"_ _7\"></span>sible va<span class=\"_ _7\"></span>luation<span class=\"_ _7\"></span>s for financial inv<span class=\"_ _9\"></span>estments<span class=\"_ _9\"></span>. Not<span class=\"_ _9\"></span>e 3.<span class=\"_ _9\"></span>3(<span class=\"_ _9\"></span>a) discusses t<span class=\"_ _9\"></span>he reliability of<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s fair valu<span class=\"_ _7\"></span>es.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>d) Employ<span class=\"_ _9\"></span>ee benefit The employ<span class=\"_ _9\"></span>ee retir<span class=\"_ _9\"></span>ement benefit scheme obligat<span class=\"_ _9\"></span>ions are<span class=\"_ _9\"></span> cal<span class=\"_ _7\"></span>culated an<span class=\"_ _7\"></span>d value<span class=\"_ _7\"></span>d with refere<span class=\"_ _7\"></span>nce to a numbe<span class=\"_ _7\"></span>r of actuar<span class=\"_ _7\"></span>ial assumptions in<span class=\"_ _9\"></span>cluding mor<span class=\"_ _7\"></span>tality<span class=\"_ _9\"></span>,<span class=\"_ _9\"></span> inflation ra<span class=\"_ _9\"></span>tes and discoun<span class=\"_ _9\"></span>t rate, many of which h<span class=\"_ _7\"></span>ave been su<span class=\"_ _7\"></span>bjec<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o rec<span class=\"_ _7\"></span>ent volatil<span class=\"_ _7\"></span>ity<span class=\"_ _9\"></span>. This complex<span class=\"_ _9\"></span> set of<span class=\"_ _9\"></span> economic variables can hav<span class=\"_ _9\"></span>e a significant<span class=\"_ _9\"></span> impac<span class=\"_ _7\"></span>t on the fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l statements, a<span class=\"_ _7\"></span>s shown in note 2<span class=\"_ _9\"></span>4<span class=\"_ _9\"></span>. (e) T<span class=\"_ _9\"></span>a<span class=\"_ _7\"></span>x The G<span class=\"_ _7\"></span>roup op<span class=\"_ _7\"></span>erates in a mu<span class=\"_ _7\"></span>ltination<span class=\"_ _7\"></span>al envi<span class=\"_ _7\"></span>ronme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> leg<span class=\"_ _7\"></span>islatio<span class=\"_ _7\"></span>n conce<span class=\"_ _7\"></span>rnin<span class=\"_ _7\"></span>g the determ<span class=\"_ _7\"></span>ination of ta<span class=\"_ _7\"></span>xati<span class=\"_ _7\"></span>on of assets and liabilities<span class=\"_ _9\"></span> is complex and<span class=\"_ _9\"></span> continually e<span class=\"_ _9\"></span>volving.<span class=\"_ _9\"></span> In preparing<span class=\"_ _9\"></span> the financial<span class=\"_ _9\"></span> stat<span class=\"_ _9\"></span>ements, t<span class=\"_ _9\"></span>he Group applies significant<span class=\"_ _9\"></span> judg<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nts in iden<span class=\"_ _7\"></span>tif<span class=\"_ _7\"></span>ying u<span class=\"_ _7\"></span>ncer<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>inties over t<span class=\"_ _7\"></span>ax tre<span class=\"_ _7\"></span>atments a<span class=\"_ _7\"></span>nd in the me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>ment of the p<span class=\"_ _7\"></span>rovision b<span class=\"_ _7\"></span>eing th<span class=\"_ _7\"></span>e best e<span class=\"_ _7\"></span>stimate of<span class=\"_ _9\"></span> the am<span class=\"_ _7\"></span>ount expe<span class=\"_ _7\"></span>cted to beco<span class=\"_ _7\"></span>me payable. T<span class=\"_ _7\"></span>he asse<span class=\"_ _7\"></span>ssm<span class=\"_ _7\"></span>ent is base<span class=\"_ _7\"></span>d on the jud<span class=\"_ _7\"></span>gem<span class=\"_ _7\"></span>ent of ta<span class=\"_ _7\"></span>x profess<span class=\"_ _7\"></span>iona<span class=\"_ _7\"></span>ls within th<span class=\"_ _7\"></span>e Group suppor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed by<span class=\"_ _9\"></span> previous e<span class=\"_ _9\"></span>xperie<span class=\"_ _7\"></span>nce in<span class=\"_ _9\"></span> respect of such<span class=\"_ _9\"></span> activities<span class=\"_ _9\"></span> and ba<span class=\"_ _7\"></span>sed on ad<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e sought f<span class=\"_ _7\"></span>rom spe<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span>ist ta<span class=\"_ _7\"></span>x adv<span class=\"_ _7\"></span>isors.<span class=\"_ _304\"> </span>A defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>set ca<span class=\"_ _7\"></span>n be reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d only to the ex<span class=\"_ _7\"></span>tent that it is re<span class=\"_ _7\"></span>coverabl<span class=\"_ _7\"></span>e. The rec<span class=\"_ _7\"></span>overabil<span class=\"_ _7\"></span>ity of d<span class=\"_ _7\"></span>eferred t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>x assets in resp<span class=\"_ _7\"></span>ect of ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>y for<span class=\"_ _7\"></span>ward lo<span class=\"_ _7\"></span>sses re<span class=\"_ _7\"></span>quire<span class=\"_ _7\"></span>s consi<span class=\"_ _7\"></span>deratio<span class=\"_ _7\"></span>n of the futu<span class=\"_ _7\"></span>re levels of ta<span class=\"_ _7\"></span>xab<span class=\"_ _7\"></span>le profit in th<span class=\"_ _7\"></span>e Group. In prepa<span class=\"_ _7\"></span>ring th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s financ<span class=\"_ _7\"></span>ial stateme<span class=\"_ _7\"></span>nts, manag<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt estimates t<span class=\"_ _7\"></span>ax<span class=\"_ _7\"></span>ation assets and liabilit<span class=\"_ _9\"></span>ies af<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er taking appropriate<span class=\"_ _9\"></span> prof<span class=\"_ _9\"></span>ess<span class=\"_ _7\"></span>ional<span class=\"_ _9\"></span> adv<span class=\"_ _7\"></span>ice, as shown i<span class=\"_ _7\"></span>n note 22<span class=\"_ _9\"></span>. Signifi<span class=\"_ _7\"></span>cant e<span class=\"_ _7\"></span>stimates an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> ass<span class=\"_ _7\"></span>umptions u<span class=\"_ _7\"></span>sed in the va<span class=\"_ _7\"></span>luation of de<span class=\"_ _7\"></span>ferred t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>x relate t<span class=\"_ _9\"></span>o the fore<span class=\"_ _7\"></span>cast ta<span class=\"_ _7\"></span>xa<span class=\"_ _7\"></span>ble profits, ta<span class=\"_ _7\"></span>king in<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>o acc<span class=\"_ _7\"></span>ount the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>nd strategic p<span class=\"_ _7\"></span>lans. Se<span class=\"_ _7\"></span>e note 2<span class=\"_ _9\"></span>3 for f<span class=\"_ _7\"></span>ur<span class=\"_ _7\"></span>ther de<span class=\"_ _7\"></span>tails of adju<span class=\"_ _7\"></span>stments mad<span class=\"_ _7\"></span>e to deferred t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>x durin<span class=\"_ _7\"></span>g the year<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The d<span class=\"_ _7\"></span>etermin<span class=\"_ _7\"></span>ation and fi<span class=\"_ _7\"></span>nalis<span class=\"_ _7\"></span>ation of agre<span class=\"_ _7\"></span>ed ta<span class=\"_ _7\"></span>xation a<span class=\"_ _7\"></span>ssets and li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties may not o<span class=\"_ _7\"></span>ccur unti<span class=\"_ _7\"></span>l several ye<span class=\"_ _7\"></span>ars af<span class=\"_ _7\"></span>ter the repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting date and co<span class=\"_ _7\"></span>nsequ<span class=\"_ _7\"></span>ently the fi<span class=\"_ _7\"></span>nal am<span class=\"_ _7\"></span>ounts payabl<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>or rec<span class=\"_ _7\"></span>eivab<span class=\"_ _7\"></span>le may dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>r from thos<span class=\"_ _7\"></span>e prese<span class=\"_ _7\"></span>nted in thes<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements. 2.<span class=\"_ _20\"></span>19 Repor<span class=\"_ _7\"></span>ting of ad<span class=\"_ _7\"></span>ditiona<span class=\"_ _7\"></span>l per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>manc<span class=\"_ _7\"></span>e measu<span class=\"_ _7\"></span>res<span class=\"_ _304\"> </span>The Direct<span class=\"_ _9\"></span>ors consider that<span class=\"_ _9\"></span> the combined<span class=\"_ _9\"></span>, claims and e<span class=\"_ _9\"></span>xpense ratio me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>s repor<span class=\"_ _7\"></span>ted in re<span class=\"_ _7\"></span>spe<span class=\"_ _7\"></span>ct of oper<span class=\"_ _7\"></span>ating seg<span class=\"_ _7\"></span>ments <span class=\"ls8 ws4\"> </span>and th<span class=\"_ _7\"></span>e Group overa<span class=\"_ _7\"></span>ll in note 4<span class=\"_ _9\"></span>, net a<span class=\"_ _7\"></span>sset valu<span class=\"_ _7\"></span>e per sh<span class=\"_ _7\"></span>are and return o<span class=\"_ _7\"></span>n equi<span class=\"_ _7\"></span>ty me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>s discl<span class=\"_ _7\"></span>osed in n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es 5 a<span class=\"_ _7\"></span>nd 6 and prior<span class=\"_ _9\"></span>-<span class=\"_ _9\"></span>year dev<span class=\"_ _9\"></span>elopments disclosed in no<span class=\"_ _9\"></span>te 2<span class=\"_ _9\"></span>0<span class=\"_ _9\"></span>, provide use<span class=\"_ _9\"></span>ful informa<span class=\"_ _9\"></span>tion regarding<span class=\"_ _9\"></span> the underlying performance of the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s businesses.<span class=\"_ _304\"> </span>The<span class=\"_ _7\"></span>se me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>s are wid<span class=\"_ _7\"></span>ely rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed by the insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e industr<span class=\"_ _7\"></span>y and a<span class=\"_ _7\"></span>re consi<span class=\"_ _7\"></span>stent with the i<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>nal p<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>s reviewe<span class=\"_ _7\"></span>d by senior m<span class=\"_ _7\"></span>anag<span class=\"_ _7\"></span>ement i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>ing the ch<span class=\"_ _7\"></span>ief ope<span class=\"_ _7\"></span>rating decision-mak<span class=\"_ _9\"></span>er<span class=\"_ _a\"></span>. Howev<span class=\"_ _9\"></span>er<span class=\"_ _a\"></span>, these measures ar<span class=\"_ _9\"></span>e not de<span class=\"_ _9\"></span>fined withi<span class=\"_ _7\"></span>n the acco<span class=\"_ _7\"></span>unting sta<span class=\"_ _7\"></span>ndard<span class=\"_ _7\"></span>s and inter<span class=\"_ _7\"></span>pretations, a<span class=\"_ _7\"></span>nd theref<span class=\"_ _9\"></span>ore ma<span class=\"_ _9\"></span>y not be<span class=\"_ _9\"></span> directly comparable wit<span class=\"_ _9\"></span>h similarly tit<span class=\"_ _9\"></span>led additional<span class=\"_ _9\"></span> per<span class=\"_ _7\"></span>formance measures reported b<span class=\"_ _9\"></span>y ot<span class=\"_ _9\"></span>her companies.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-484": {
   "value": "2.18 Use of significant judgements, estimates  and assumptions The preparation of financial statements requires the Group  to select accounting policies and make judgements,  estimates and assumptions that affect the reported  amounts of assets, liabilities, income and expenses in  the consolidated financial statements. The Audit Committee reviews the reasonableness of critical judgements, estimates and assumptions applied and the appropriateness of material accounting policies information. The significant issues considered by the Committee in the  year are included within the Audit Committee report on  pages 99 to 101. Significant accounting judgements The following accounting policies are those considered to have a significant impact on the amounts recognised in the consolidated financial statements. A  Consolidation: assessment of whether the Group controls or has significant influence over underlying entity, for example, the treatment of insurance-linked securities funds including consideration of its decision-making authority and its rights to the variable returns from the entity. A  Financial investments: classification and measurement  of investments including the application of the fair  value option. Insurance and reinsurance contracts (a) Liability for incurred claims The ultimate cost of outstanding claims is estimated by  using a range of standard actuarial claims projection techniques. The Group relies on actuarial analysis to  estimate the settlement cost of future claims. Via a formal governed process, there is close communication between  the actuaries and other key stakeholders, such as the  underwriters, claims and finance teams when setting  and validating the assumptions. The main assumption underlying these techniques is that a Group\u2019s past claims development experience can be used to project future  claims development and hence ultimate claims costs. These methods extrapolate the development of paid and incurred losses, average costs per claim (including claims handling costs), and claim numbers based on the observed development of earlier years and expected loss ratios. Historical claims development is mainly analysed by accident years, but can also be further analysed by geographical area, as well as by significant business lines and claim types. In  most cases, no explicit assumptions are made regarding  future rates of claims inflation or loss ratios. Instead, the assumptions used are those implicit in the historical claims development data on which the projections are based. Additional qualitative judgement is used to assess the extent  to which past trends may not apply in future (for example, to reflect one-off occurrences, changes in external or market factors such as public attitudes to claiming, economic conditions, levels of claims inflation, judicial decisions and legislation, as well as internal factors such as portfolio mix, policy features and claims handling procedures) in order to arrive at the estimated ultimate cost of claims that present  the probability-weighted expected value outcome from  the range of possible outcomes, taking account of all the uncertainties involved. (b) Risk adjustment for non-financial risk The risk adjustment for non-financial risk is the compensation that the Group requires for bearing the uncertainty about the amount and timing of the cash flows of groups of insurance contracts. The risk adjustment reflects an amount that an insurer would charge to make it indifferent between the cash flows with a range of probable scenarios versus equivalent  fixed cash flows. To determine the risk adjustment for non-financial risk for reinsurance contracts, the Group applies a combination  of a value at risk (VaR) (or a percentile) approach and a scenario-based approach both gross and net of reinsurance and derives the amount of risk being transferred to the  reinsurer as the difference between the two results. Most business is measured under the PAA model and therefore  the Group does not calculate a risk adjustment in relation to LRC excluding loss component. For the incurred claim liabilities measurement purposes, the Group calculates the risk adjustment at each insurance undertaking entity in accordance with its risk profile using a combination of VaR method and scenario analysis targeting an overall confidence level for the aggregate risk distribution. Scenario analysis is used to determine the level of compensation that the Group requires for bearing uncertainty about the large event-driven claims, for example natural catastrophe. This element of the compensation for risk takes into consideration the range of potential outcomes from an event and the sensitivities of the loss positions in any modelled scenarios. Given the nature of the underlying business and losses it is normal for new risks to become apparent or for  the magnitude of existing risks to change over time. Group diversification benefit is not considered at the individual insurance undertaking entity level but is considered in determining the confidence level at a consolidated level for disclosure purposes. At 31 December 2023, the risk adjustment in respect of the LIC net of reinsurance is at the 83rd percentile (31 December 2022: 78th percentile). (c) Premium allocation approach eligibility assessment A simplified measurement model, the PAA, can be applied if certain eligibility criteria are met. The majority of the Group\u2019s policies have a coverage period of 12 months or less and  so are eligible for the PAA. Management applies significant judgment whether applying PAA to those groups of contracts would differ materially from GMM with a coverage period extending beyond 12 months. Significant accounting estimates All estimates are based on management\u2019s knowledge  of current facts and circumstances, assumptions based  on that knowledge and their predictions of future events.  Actual results may differ from those estimates, possibly significantly. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any  future periods affected. The most critical estimate included within the Group\u2019s  balance sheet is the measurement of insurance contract liabilities and reinsurance contract held assets, and in  particular the estimate of the liability for incurred claims (LIC). The total gross estimate of LIC as at 31 December 2023 is $6,604.0 million (2022: $6,694.3 million). The total estimate for reinsurance asset for incurred claims as at 31 December 2023 is $ 2,098.3 million (2022: $2,517.2 million). Insurance and reinsurance contracts In applying IFRS 17 measurement requirements, the following inputs and methods were used that include significant estimates. The present value of future cash flows is estimated using deterministic scenarios. The assumptions used in the deterministic scenarios are derived to approximate the probability-weighted mean of a full range of scenarios. For  the sensitivities with regard to the assumptions made that have the most significant impact on measurement under  IFRS 17, please refer to note 3, management of risk. (a) Discount rates Insurance contract liabilities are calculated by discounting expected future cash flows at a risk-free rate, plus an  illiquidity premium where applicable. Risk-free rates were derived using swap rates available in the market denominated in the same currency as the insurance contracts being measured. When swap rates are not available, highly liquid sovereign bonds with the highest, for example, AAA/AA  credit rating were used. Management uses judgement to assess liquidity characteristics of the liability cash flows. The illiquidity  premium was estimated based on market observable liquidity premiums in financial assets, adjusted to reflect the illiquidity characteristics of the liability cash flows. The illiquidity premium is determined by reference to market observable AA-rated bonds yield curve in the currency of the insurance contract being measured, adjusted to remove both expected and unexpected credit risk. The following discount rates were applied for the currencies and periods presented below:  Year end 31 December 2023 1 year 3 year 5 year % % % USD 4.83 3.92 3.74 GBP 4.97 4.12 3.82 EUR 3.49 2.75 2.65 CAD 4.63 3.69 3.39  Year end 31 December 2022 1 year 3 year 5 year % % % USD 4.90 4.24 4.00 GBP 4.59 4.64 4.55 EUR 3.12 3.28 3.31 CAD 4.66 4.03 3.74 (b) Estimates of future cash flows to fulfil insurance contracts Included in the measurement of each group of contracts  within the scope of IFRS 17 are all of the future cash flows within the boundary of each group of contracts. The estimates of these future cash flows are based on probability-weighted expected future cash flows. The Group estimates which  cash flows are expected and the probability that they will  occur as at the measurement date. In setting these expectations, the Group uses information about past  events, current conditions and forecasts of future conditions. The Group\u2019s estimate of future cash flows is the mean of a range of scenarios that reflect the full range of possible outcomes. Each scenario specifies the amount, timing and probability of cash flows. The probability-weighted average of the future cash flows is calculated using a deterministic scenario representing the probability-weighted mean of  a range of scenarios. Where estimates of expenses-related cash flows are determined at the portfolio level or higher, they are allocated  to groups of contracts on a systematic basis, such as  activity-based costing method. The Group has determined that this method results in a systematic and rational allocation. Similar methods are consistently applied to allocate expenses of a similar nature. Acquisition cash flows are typically allocated to groups of contracts based on gross premiums written.  This includes an allocation of acquisition cash flows among  existing groups of insurance contracts issued. Claims settlement-related expenses are largely allocated based  on claims costs. Uncertainty in the estimation of future claims and benefit payments arises primarily from the severity and frequency of claims and uncertainties regarding future inflation rates leading to claims and claims-handling expenses growth. Assumptions used to develop estimates about future cash flows are reassessed at each reporting date and adjusted where required. (c) Fair value measurement The Group carries its financial investments at fair value  through profit or loss, with fair values determined using published price quotations in the most active financial markets in which the assets trade, where available. Where quoted market prices are not available, valuation techniques are used to value financial instruments. These include third-party valuation reports and models utilising both observable and unobservable market inputs. Valuation techniques involve judgement, including the use of valuation models and their inputs, which can lead to a range of plausible valuations for financial investments. Note 3.3(a) discusses the reliability of  the Group\u2019s fair values. (d) Employee benefit The employee retirement benefit scheme obligations are calculated and valued with reference to a number of actuarial assumptions including mortality, inflation rates and discount rate, many of which have been subject to recent volatility. This complex set of economic variables can have a significant impact on the financial statements, as shown in note 24. (e) Tax The Group operates in a multinational environment, and legislation concerning the determination of taxation of assets and liabilities is complex and continually evolving. In preparing the financial statements, the Group applies significant judgements in identifying uncertainties over tax treatments and in the measurement of the provision being the best estimate of the amount expected to become payable. The assessment is based on the judgement of tax professionals within the Group supported by previous experience in respect of such activities and based on advice sought from specialist tax advisors. A deferred tax asset can be recognised only to the extent that it is recoverable. The recoverability of deferred tax assets in respect of carry forward losses requires consideration of the future levels of taxable profit in the Group. In preparing the Group\u2019s financial statements, management estimates taxation assets and liabilities after taking appropriate professional advice, as shown in note 22. Significant estimates and assumptions used in the valuation of deferred tax relate to the forecast taxable profits, taking into account the Group\u2019s financial and strategic plans. See note 23 for further details of adjustments made to deferred tax during the year. The determination and finalisation of agreed taxation assets and liabilities may not occur until several years after the reporting date and consequently the final amounts payable  or receivable may differ from those presented in these  financial statements. 2.19 Reporting of additional performance measures The Directors consider that the combined, claims and expense ratio measures reported in respect of operating segments  and the Group overall in note 4, net asset value per share and return on equity measures disclosed in notes 5 and 6 and prior-year developments disclosed in note 20, provide useful information regarding the underlying performance of the Group\u2019s businesses. These measures are widely recognised by the insurance industry and are consistent with the internal performance measures reviewed by senior management including the chief operating decision-maker. However, these measures are not defined within the accounting standards and interpretations, and therefore may not be directly comparable with similarly titled additional performance measures reported by other companies.",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-389": {
   "value": "<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls3e ws47 gs8f6\">3 Management<span class=\"_ _9\"></span> of risk<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls77 ws41 gs8f7\">The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s overa<span class=\"_ _7\"></span>ll app<span class=\"_ _7\"></span>etite for acceptin<span class=\"_ _7\"></span>g and ma<span class=\"_ _7\"></span>naging va<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8f8\">cla<span class=\"_ _7\"></span>sses of r<span class=\"_ _7\"></span>isk is defi<span class=\"_ _7\"></span>ned by the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s Board of D<span class=\"_ _7\"></span>irectors. T<span class=\"_ _7\"></span>he </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8f9\">Boa<span class=\"_ _7\"></span>rd has devel<span class=\"_ _7\"></span>oped a g<span class=\"_ _7\"></span>ov<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rnan<span class=\"_ _7\"></span>ce fra<span class=\"_ _7\"></span>mework an<span class=\"_ _7\"></span>d has set </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs8fa\">Group-wide risk<span class=\"_ _9\"></span> manageme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span> policies and procedures which </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8fb\">incl<span class=\"_ _7\"></span>ude ris<span class=\"_ _7\"></span>k iden<span class=\"_ _7\"></span>tificatio<span class=\"_ _7\"></span>n, risk man<span class=\"_ _7\"></span>agem<span class=\"_ _7\"></span>ent and m<span class=\"_ _7\"></span>itigatio<span class=\"_ _7\"></span>n and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs8fc\">risk reporting. The<span class=\"_ _9\"></span> objective o<span class=\"_ _9\"></span>f these policies and<span class=\"_ _9\"></span> procedures<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs8fd\">is to prot<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>ct the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s share<span class=\"_ _7\"></span>holde<span class=\"_ _7\"></span>rs, poli<span class=\"_ _7\"></span>cyhol<span class=\"_ _7\"></span>ders a<span class=\"_ _7\"></span>nd other </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws41 gs8fe\">stakeh<span class=\"_ _7\"></span>olde<span class=\"_ _7\"></span>rs from n<span class=\"_ _7\"></span>egative events th<span class=\"_ _7\"></span>at could h<span class=\"_ _7\"></span>inde<span class=\"_ _7\"></span>r the Group\u2019<span class=\"_ _a\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs900\">del<span class=\"_ _7\"></span>iver<span class=\"_ _7\"></span>y of its co<span class=\"_ _7\"></span>ntractual o<span class=\"_ _7\"></span>bligati<span class=\"_ _7\"></span>ons and i<span class=\"_ _7\"></span>ts achieve<span class=\"_ _7\"></span>ment of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs901\">sustainable pr<span class=\"_ _9\"></span>ofitable economic and social<span class=\"_ _9\"></span> per<span class=\"_ _7\"></span>formance.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs902\">The B<span class=\"_ _7\"></span>oard exercise<span class=\"_ _7\"></span>s oversi<span class=\"_ _7\"></span>ght of the develo<span class=\"_ _7\"></span>pment a<span class=\"_ _7\"></span>nd </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs903\">operational<span class=\"_ _9\"></span> implementation o<span class=\"_ _9\"></span>f its risk<span class=\"_ _9\"></span> management policies </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs904\">and procedures<span class=\"_ _9\"></span> through t<span class=\"_ _9\"></span>he Risk Committee<span class=\"_ _9\"></span>, and ongoing<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs905\">compliance through a<span class=\"_ _9\"></span> dedicated int<span class=\"_ _9\"></span>ernal audit function<span class=\"_ _9\"></span>, which </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls21 ws99 gs906\">has o<span class=\"_ _9\"></span>perat<span class=\"_ _9\"></span>ional i<span class=\"_ _9\"></span>ndependenc<span class=\"_ _9\"></span>e,<span class=\"_ _9\"></span> clear t<span class=\"_ _9\"></span>erms o<span class=\"_ _9\"></span>f r<span class=\"_ _9\"></span>efer<span class=\"_ _9\"></span>ence<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs907\">influe<span class=\"_ _7\"></span>nce<span class=\"_ _7\"></span>d by the Board\u2019<span class=\"_ _9\"></span>s Non E<span class=\"_ _7\"></span>xecuti<span class=\"_ _7\"></span>ve Direc<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>s and a </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs908\">clear upw<span class=\"_ _9\"></span>ards reporting struct<span class=\"_ _9\"></span>ure back in<span class=\"_ _9\"></span>to<span class=\"_ _9\"></span> the Board<span class=\"_ _9\"></span>. The </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs909\">Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>, in line w<span class=\"_ _7\"></span>ith the non<span class=\"_ _7\"></span>-life insu<span class=\"_ _7\"></span>rance i<span class=\"_ _7\"></span>ndustr<span class=\"_ _7\"></span>y g<span class=\"_ _7\"></span>ener<span class=\"_ _7\"></span>ally<span class=\"_ _9\"></span>, is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs90a\">fun<span class=\"_ _7\"></span>dame<span class=\"_ _7\"></span>ntall<span class=\"_ _7\"></span>y drive<span class=\"_ _7\"></span>n by a desire to ori<span class=\"_ _7\"></span>ginate, retain and s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs90b\">insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts to matur<span class=\"_ _7\"></span>ity<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s c<span class=\"_ _7\"></span>ash flows a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs90c\">funded mainly thr<span class=\"_ _9\"></span>ough advance pr<span class=\"_ _9\"></span>emium collections and<span class=\"_ _9\"></span> the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs90d\">timin<span class=\"_ _7\"></span>g of such pre<span class=\"_ _7\"></span>mium inflows i<span class=\"_ _7\"></span>s reason<span class=\"_ _7\"></span>ably p<span class=\"_ _7\"></span>redic<span class=\"_ _7\"></span>table. In </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs90e\">addition<span class=\"_ _9\"></span>, the<span class=\"_ _9\"></span> majorit<span class=\"_ _7\"></span>y o<span class=\"_ _9\"></span>f mat<span class=\"_ _9\"></span>erial cash outflows are<span class=\"_ _9\"></span> t<span class=\"_ _7\"></span>ypically<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs90f\">trig<span class=\"_ _7\"></span>gered by the o<span class=\"_ _7\"></span>ccur<span class=\"_ _7\"></span>rence of in<span class=\"_ _7\"></span>sured events, a<span class=\"_ _7\"></span>lthough th<span class=\"_ _7\"></span>e </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs910\">timin<span class=\"_ _7\"></span>g, freque<span class=\"_ _7\"></span>ncy and s<span class=\"_ _7\"></span>everit<span class=\"_ _7\"></span>y of clai<span class=\"_ _7\"></span>ms can fl<span class=\"_ _7\"></span>uctuate.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs911\">The p<span class=\"_ _7\"></span>rinc<span class=\"_ _7\"></span>ipal sou<span class=\"_ _7\"></span>rces of ri<span class=\"_ _7\"></span>sk releva<span class=\"_ _7\"></span>nt t<span class=\"_ _9\"></span>o the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s ope<span class=\"_ _7\"></span>rations </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs912\">and i<span class=\"_ _7\"></span>ts financ<span class=\"_ _7\"></span>ial statem<span class=\"_ _7\"></span>ents fall i<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>o thre<span class=\"_ _7\"></span>e broad catego<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>: </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs913\">ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l risk, in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce ris<span class=\"_ _7\"></span>k and fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l risk, w<span class=\"_ _7\"></span>hich are </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs914\">des<span class=\"_ _7\"></span>crib<span class=\"_ _7\"></span>ed in notes 3.<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>, 3.2 and 3.3 be<span class=\"_ _7\"></span>low<span class=\"_ _a\"></span>. T<span class=\"_ _7\"></span>he Gro<span class=\"_ _7\"></span>up also </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs915\">active<span class=\"_ _7\"></span>ly man<span class=\"_ _7\"></span>ages i<span class=\"_ _7\"></span>ts capit<span class=\"_ _7\"></span>al ris<span class=\"_ _7\"></span>ks as detai<span class=\"_ _7\"></span>led in n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>e 3.4 and ta<span class=\"_ _7\"></span>x </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs916\">ris<span class=\"_ _7\"></span>ks as detai<span class=\"_ _7\"></span>led in n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>e 3.5. Additiona<span class=\"_ _7\"></span>l unaud<span class=\"_ _7\"></span>ited inform<span class=\"_ _7\"></span>ation is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs917\">also p<span class=\"_ _7\"></span>rovided i<span class=\"_ _7\"></span>n the cor<span class=\"_ _7\"></span>porate govern<span class=\"_ _7\"></span>ance, ris<span class=\"_ _7\"></span>k manag<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs918\">and c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>l secti<span class=\"_ _7\"></span>ons of this Re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>t and Ac<span class=\"_ _7\"></span>counts.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls39 ws43 gs919\">3.<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span> Oper<span class=\"_ _7\"></span>ational risk<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs91a\">The G<span class=\"_ _7\"></span>roup is exp<span class=\"_ _7\"></span>osed to the ri<span class=\"_ _7\"></span>sk of direc<span class=\"_ _7\"></span>t or indire<span class=\"_ _7\"></span>ct los<span class=\"_ _7\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs91b\">resu<span class=\"_ _7\"></span>lting fro<span class=\"_ _7\"></span>m internal p<span class=\"_ _7\"></span>roce<span class=\"_ _7\"></span>sses, pe<span class=\"_ _7\"></span>ople o<span class=\"_ _7\"></span>r systems, or </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs91c\">from ex<span class=\"_ _7\"></span>terna<span class=\"_ _7\"></span>l events. Thi<span class=\"_ _7\"></span>s includ<span class=\"_ _7\"></span>es cyb<span class=\"_ _7\"></span>er se<span class=\"_ _7\"></span>curit<span class=\"_ _7\"></span>y ri<span class=\"_ _7\"></span>sk, as </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs91d\">well as m<span class=\"_ _7\"></span>ajor IT<span class=\"_ _a\"></span>, system<span class=\"_ _7\"></span>s or ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice fai<span class=\"_ _7\"></span>lures. T<span class=\"_ _7\"></span>he Group h<span class=\"_ _7\"></span>as </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs91e\">demonstrat<span class=\"_ _9\"></span>ed cont<span class=\"_ _9\"></span>inued resilience<span class=\"_ _9\"></span>, underscoring the benefit<span class=\"_ _9\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs91f\">of it<span class=\"_ _9\"></span>s business model,<span class=\"_ _9\"></span> disciplined risk management and<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs920\">ongoing in<span class=\"_ _9\"></span>vestment i<span class=\"_ _9\"></span>n technology and i<span class=\"_ _9\"></span>nfrastructure<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs921\">Hisc<span class=\"_ _7\"></span>ox has impl<span class=\"_ _7\"></span>emented s<span class=\"_ _7\"></span>everal op<span class=\"_ _7\"></span>eration<span class=\"_ _7\"></span>al ris<span class=\"_ _7\"></span>k manag<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs922\">processes, which include enhancing its<span class=\"_ _9\"></span> defences and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs923\">resp<span class=\"_ _7\"></span>onse to inform<span class=\"_ _7\"></span>ation se<span class=\"_ _7\"></span>curit<span class=\"_ _7\"></span>y an<span class=\"_ _7\"></span>d cybe<span class=\"_ _7\"></span>r threats. Hisc<span class=\"_ _7\"></span>ox<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs924\">regularly reassesses its informat<span class=\"_ _9\"></span>ion securit<span class=\"_ _7\"></span>y standards<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs925\">and methodologies t<span class=\"_ _9\"></span>o ensure appr<span class=\"_ _9\"></span>opriate go<span class=\"_ _9\"></span>vernance and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs926\">cons<span class=\"_ _7\"></span>istency in i<span class=\"_ _7\"></span>ts approac<span class=\"_ _7\"></span>h.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs927\">In lin<span class=\"_ _7\"></span>e with its \u2018f<span class=\"_ _7\"></span>uture of work<span class=\"_ _7\"></span>\u2019 progra<span class=\"_ _7\"></span>mme, Hiscox co<span class=\"_ _7\"></span>ntinue<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs928\">to monitor and a<span class=\"_ _7\"></span>dapt its hybr<span class=\"_ _7\"></span>id work<span class=\"_ _7\"></span>ing po<span class=\"_ _7\"></span>licie<span class=\"_ _7\"></span>s and pr<span class=\"_ _7\"></span>actice<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs929\">and e<span class=\"_ _7\"></span>nsure that th<span class=\"_ _7\"></span>e work<span class=\"_ _7\"></span>force is e<span class=\"_ _7\"></span>quipp<span class=\"_ _7\"></span>ed with th<span class=\"_ _7\"></span>e nece<span class=\"_ _7\"></span>ssa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs92a\">techno<span class=\"_ _7\"></span>logy to en<span class=\"_ _7\"></span>able thi<span class=\"_ _7\"></span>s. In the sec<span class=\"_ _7\"></span>ond hal<span class=\"_ _7\"></span>f of 202<span class=\"_ _9\"></span>3, the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs92b\">orga<span class=\"_ _7\"></span>nisatio<span class=\"_ _7\"></span>n also co<span class=\"_ _7\"></span>mpleted a \u2018ways of work<span class=\"_ _7\"></span>ing\u2019 review<span class=\"_ _9\"></span>. <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs92c\">The<span class=\"_ _7\"></span>se me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>s have continu<span class=\"_ _7\"></span>ed to be succ<span class=\"_ _7\"></span>essf<span class=\"_ _7\"></span>ul in <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs92d\">addre<span class=\"_ _7\"></span>ssin<span class=\"_ _7\"></span>g employe<span class=\"_ _7\"></span>e engag<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt and a num<span class=\"_ _7\"></span>ber of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs92e\">ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l risks.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs92f\">In 2023, Hiscox also foc<span class=\"_ _7\"></span>used o<span class=\"_ _7\"></span>n Group-wi<span class=\"_ _7\"></span>de cri<span class=\"_ _7\"></span>sis </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs930\">management response planning,<span class=\"_ _9\"></span> including conducting<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs931\">cyb<span class=\"_ _7\"></span>er cri<span class=\"_ _7\"></span>sis simu<span class=\"_ _7\"></span>lations to test an<span class=\"_ _7\"></span>d enha<span class=\"_ _7\"></span>nce its re<span class=\"_ _7\"></span>spons<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs932\">pla<span class=\"_ _7\"></span>ns. The org<span class=\"_ _7\"></span>anis<span class=\"_ _7\"></span>ation has a<span class=\"_ _7\"></span>lso est<span class=\"_ _7\"></span>ablis<span class=\"_ _7\"></span>hed an e<span class=\"_ _7\"></span>nterpr<span class=\"_ _7\"></span>ise </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs933\">por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>ment (EPM) c<span class=\"_ _7\"></span>apabi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y aime<span class=\"_ _7\"></span>d at<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs934\">strengt<span class=\"_ _9\"></span>hening operational ma<span class=\"_ _9\"></span>turity and contr<span class=\"_ _9\"></span>ols in relat<span class=\"_ _9\"></span>ion <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs935\">to its chan<span class=\"_ _7\"></span>ge agen<span class=\"_ _7\"></span>da over the nex<span class=\"_ _7\"></span>t t<span class=\"_ _7\"></span>wo-t<span class=\"_ _9\"></span>o-three yea<span class=\"_ _7\"></span>rs.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls3d ws46 gs936\">3.2 Insurance risk<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs937\">The p<span class=\"_ _7\"></span>redom<span class=\"_ _7\"></span>inant r<span class=\"_ _7\"></span>isk to which th<span class=\"_ _7\"></span>e Group is ex<span class=\"_ _7\"></span>posed i<span class=\"_ _7\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs938\">insu<span class=\"_ _7\"></span>rance r<span class=\"_ _7\"></span>isk wh<span class=\"_ _7\"></span>ich is as<span class=\"_ _7\"></span>sume<span class=\"_ _7\"></span>d through th<span class=\"_ _7\"></span>e unde<span class=\"_ _7\"></span>rw<span class=\"_ _7\"></span>ritin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs939\">proc<span class=\"_ _7\"></span>ess. Insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e risk c<span class=\"_ _7\"></span>an be su<span class=\"_ _7\"></span>b-categ<span class=\"_ _7\"></span>orise<span class=\"_ _7\"></span>d into<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs93a\">i) und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>iting ri<span class=\"_ _7\"></span>sk inclu<span class=\"_ _7\"></span>ding the r<span class=\"_ _7\"></span>isk of cata<span class=\"_ _7\"></span>strophe a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs93b\">systemic i<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce los<span class=\"_ _7\"></span>ses an<span class=\"_ _7\"></span>d the insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ompeti<span class=\"_ _7\"></span>tion <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs93c\">and cyc<span class=\"_ _7\"></span>le, and ii) re<span class=\"_ _7\"></span>ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ng risk.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gs93d\">i) Und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>iting ri<span class=\"_ _7\"></span>sk<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs93e\">The B<span class=\"_ _7\"></span>oard sets the G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>iting strateg<span class=\"_ _7\"></span>y and r<span class=\"_ _7\"></span>isk </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs93f\">appetit<span class=\"_ _9\"></span>e,<span class=\"_ _9\"></span> seek<span class=\"_ _7\"></span>ing<span class=\"_ _9\"></span> to e<span class=\"_ _9\"></span>xploit identified opportunities in<span class=\"_ _9\"></span> light o<span class=\"_ _9\"></span>f </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs940\">other<span class=\"_ _9\"></span> relevant<span class=\"_ _9\"></span> anticipat<span class=\"_ _9\"></span>ed marke<span class=\"_ _9\"></span>t conditions<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs941\">The B<span class=\"_ _7\"></span>oard req<span class=\"_ _7\"></span>uires a<span class=\"_ _7\"></span>ll unde<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>writer<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o op<span class=\"_ _7\"></span>erate withi<span class=\"_ _7\"></span>n an overall </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs942\">Grou<span class=\"_ _7\"></span>p appetite for in<span class=\"_ _7\"></span>divid<span class=\"_ _7\"></span>ual events. T<span class=\"_ _7\"></span>his defi<span class=\"_ _7\"></span>nes the ma<span class=\"_ _7\"></span>x<span class=\"_ _7\"></span>imum </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs943\">expos<span class=\"_ _7\"></span>ure that the Gro<span class=\"_ _7\"></span>up is prep<span class=\"_ _7\"></span>ared to retain o<span class=\"_ _7\"></span>n its own </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs944\">acco<span class=\"_ _7\"></span>unt for any on<span class=\"_ _7\"></span>e potential cat<span class=\"_ _7\"></span>astrophe eve<span class=\"_ _7\"></span>nt or dis<span class=\"_ _7\"></span>aster<span class=\"_ _a\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs945\">In addi<span class=\"_ _7\"></span>tion, the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s ov<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rall und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>iting ris<span class=\"_ _7\"></span>k appeti<span class=\"_ _7\"></span>te<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs946\">see<span class=\"_ _7\"></span>ks to ensure that in a 1<span class=\"_ _9\"></span>-in-200 bad yea<span class=\"_ _7\"></span>r we are with<span class=\"_ _7\"></span>in the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs947\">und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wri<span class=\"_ _7\"></span>ting ris<span class=\"_ _7\"></span>k limit. The l<span class=\"_ _7\"></span>imit is c<span class=\"_ _7\"></span>alibr<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed e<span class=\"_ _7\"></span>ach yea<span class=\"_ _7\"></span>r base<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs948\">on expo<span class=\"_ _7\"></span>sure, expec<span class=\"_ _7\"></span>ted profit and th<span class=\"_ _7\"></span>e size of other cor<span class=\"_ _7\"></span>related </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs949\">ris<span class=\"_ _7\"></span>ks t<span class=\"_ _9\"></span>o en<span class=\"_ _7\"></span>able u<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o co<span class=\"_ _7\"></span>ntinue in bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss and t<span class=\"_ _7\"></span>ake advantag<span class=\"_ _7\"></span>e </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs94a\">of mark<span class=\"_ _9\"></span>et opportunities tha<span class=\"_ _9\"></span>t arise.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs94b\">Specific under<span class=\"_ _7\"></span>writing<span class=\"_ _9\"></span> objectives such as<span class=\"_ _9\"></span> aggregation<span class=\"_ _9\"></span> limits,<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs94c\">reinsurance pro<span class=\"_ _9\"></span>tection<span class=\"_ _9\"></span> thresholds and geographical disaster<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs94d\">event ri<span class=\"_ _7\"></span>sk expos<span class=\"_ _7\"></span>ures are p<span class=\"_ _7\"></span>repare<span class=\"_ _7\"></span>d and revi<span class=\"_ _7\"></span>ewed by the Group </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs94e\">Chie<span class=\"_ _7\"></span>f Unde<span class=\"_ _7\"></span>rw<span class=\"_ _7\"></span>ritin<span class=\"_ _7\"></span>g Of<span class=\"_ _7\"></span>fice<span class=\"_ _7\"></span>r in orde<span class=\"_ _7\"></span>r t<span class=\"_ _9\"></span>o tran<span class=\"_ _7\"></span>slate the Boa<span class=\"_ _7\"></span>rd\u2019<span class=\"_ _a\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs94f\">summarised under<span class=\"_ _7\"></span>writing<span class=\"_ _9\"></span> strat<span class=\"_ _9\"></span>egy int<span class=\"_ _9\"></span>o specific measurable<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs950\">actio<span class=\"_ _7\"></span>ns and ta<span class=\"_ _7\"></span>rgets. The<span class=\"_ _7\"></span>se actio<span class=\"_ _7\"></span>ns and ta<span class=\"_ _7\"></span>rgets are revi<span class=\"_ _7\"></span>ewed <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs951\">and a<span class=\"_ _7\"></span>pproved by the Boa<span class=\"_ _7\"></span>rd in advan<span class=\"_ _7\"></span>ce of each u<span class=\"_ _7\"></span>nder<span class=\"_ _7\"></span>w<span class=\"_ _7\"></span>riting </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs952\">year<span class=\"_ _9\"></span>. The Bo<span class=\"_ _7\"></span>ard contin<span class=\"_ _7\"></span>ually rev<span class=\"_ _7\"></span>iews its un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>iting strateg<span class=\"_ _7\"></span>y </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs953\">throug<span class=\"_ _7\"></span>hout e<span class=\"_ _7\"></span>ach und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wri<span class=\"_ _7\"></span>ting year i<span class=\"_ _7\"></span>n light of the evol<span class=\"_ _7\"></span>ving </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs954\">market<span class=\"_ _9\"></span> pricing and loss condit<span class=\"_ _9\"></span>ions and as opportunities<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs955\">pres<span class=\"_ _7\"></span>ent them<span class=\"_ _7\"></span>selve<span class=\"_ _7\"></span>s. The G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s unde<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>writer<span class=\"_ _7\"></span>s and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs956\">man<span class=\"_ _7\"></span>agem<span class=\"_ _7\"></span>ent cons<span class=\"_ _7\"></span>ider u<span class=\"_ _7\"></span>nder<span class=\"_ _7\"></span>w<span class=\"_ _7\"></span>riting r<span class=\"_ _7\"></span>isk at an i<span class=\"_ _7\"></span>ndiv<span class=\"_ _7\"></span>idual </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs957\">contra<span class=\"_ _7\"></span>ct level, and a<span class=\"_ _7\"></span>lso from a p<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tfol<span class=\"_ _7\"></span>io per<span class=\"_ _7\"></span>spec<span class=\"_ _7\"></span>tive, where <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs958\">the ri<span class=\"_ _7\"></span>sks assu<span class=\"_ _7\"></span>med in s<span class=\"_ _7\"></span>imila<span class=\"_ _7\"></span>r clas<span class=\"_ _7\"></span>ses of pol<span class=\"_ _7\"></span>icie<span class=\"_ _7\"></span>s are aggre<span class=\"_ _7\"></span>gated </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs959\">and th<span class=\"_ _7\"></span>e exposure eva<span class=\"_ _7\"></span>luated in lig<span class=\"_ _7\"></span>ht of historic<span class=\"_ _7\"></span>al por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs95a\">experience and prospect<span class=\"_ _9\"></span>ive fact<span class=\"_ _9\"></span>ors.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs95b\">T<span class=\"_ _a\"></span>o as<span class=\"_ _7\"></span>sist wi<span class=\"_ _7\"></span>th the proce<span class=\"_ _7\"></span>ss of pr<span class=\"_ _7\"></span>icing a<span class=\"_ _7\"></span>nd mana<span class=\"_ _7\"></span>ging </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs95c\">und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wri<span class=\"_ _7\"></span>ting ris<span class=\"_ _7\"></span>k, the Group ro<span class=\"_ _7\"></span>utinel<span class=\"_ _7\"></span>y per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>ms a wid<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs95d\">range of<span class=\"_ _9\"></span> activities includi<span class=\"_ _9\"></span>ng the f<span class=\"_ _9\"></span>ollowing<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs95e\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs95f\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>regularly updat<span class=\"_ _9\"></span>ing the Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s risk models;<span class=\"_ _9\"></span> </span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gs960\">A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>documenting<span class=\"_ _9\"></span>, monit<span class=\"_ _9\"></span>oring and reporting on the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs961\">strategy to man<span class=\"_ _7\"></span>age ris<span class=\"_ _7\"></span>k;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs962\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs963\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>develop<span class=\"_ _7\"></span>ing systems that f<span class=\"_ _7\"></span>acilitate the id<span class=\"_ _7\"></span>entific<span class=\"_ _7\"></span>ation of </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs964\">eme<span class=\"_ _7\"></span>rging is<span class=\"_ _7\"></span>sue<span class=\"_ _7\"></span>s promptly;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs965\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs966\"> <span class=\"_ _e\"></span><span class=\"ff5f ls7c ws89\"> <span class=\"_ _24\"></span>utilising sophisticat<span class=\"_ _9\"></span>ed computer modelling tools t<span class=\"_ _9\"></span>o </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs967\">simulat<span class=\"_ _9\"></span>e catast<span class=\"_ _9\"></span>rophes and measure t<span class=\"_ _9\"></span>he resultant<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs968\">potential l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s before and af<span class=\"_ _7\"></span>ter re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs7d5\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs969\"> <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>monit<span class=\"_ _9\"></span>oring legal developments<span class=\"_ _9\"></span> and amending the </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs96a\">wordi<span class=\"_ _9\"></span>ng of poli<span class=\"_ _9\"></span>cies when neces<span class=\"_ _7\"></span>sary;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs96b\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs96c\"> <span class=\"_ _e\"></span><span class=\"ff5f ls3c ws45\"> <span class=\"_ _24\"></span>regularly aggregating risk e<span class=\"_ _9\"></span>xposures across individual </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs96d\">und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wri<span class=\"_ _7\"></span>ting por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folios a<span class=\"_ _7\"></span>nd kn<span class=\"_ _7\"></span>own accum<span class=\"_ _7\"></span>ulation<span class=\"_ _7\"></span>s of risk;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs96e\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs96f\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>examinin<span class=\"_ _7\"></span>g the aggre<span class=\"_ _7\"></span>gated expos<span class=\"_ _7\"></span>ures in ad<span class=\"_ _7\"></span>vance of </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs970\">und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wri<span class=\"_ _7\"></span>ting fur<span class=\"_ _7\"></span>th<span class=\"_ _7\"></span>er larg<span class=\"_ _7\"></span>e risks; and<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gs971\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gs972\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>develop<span class=\"_ _7\"></span>ing proc<span class=\"_ _7\"></span>esse<span class=\"_ _7\"></span>s that conti<span class=\"_ _7\"></span>nuall<span class=\"_ _7\"></span>y factor mar<span class=\"_ _7\"></span>ket<span class=\"_ _9\"></span> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs973\">int<span class=\"_ _9\"></span>elligence into<span class=\"_ _9\"></span> the pricing process.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs974\">The delegation o<span class=\"_ _9\"></span>f under<span class=\"_ _7\"></span>writing<span class=\"_ _9\"></span> authority to specific<span class=\"_ _9\"></span> individuals,<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs975\">both intern<span class=\"_ _7\"></span>ally a<span class=\"_ _7\"></span>nd exter<span class=\"_ _7\"></span>nall<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, is su<span class=\"_ _7\"></span>bjec<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o reg<span class=\"_ _7\"></span>ular rev<span class=\"_ _7\"></span>iew<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs976\">All u<span class=\"_ _7\"></span>nder<span class=\"_ _7\"></span>w<span class=\"_ _7\"></span>riting s<span class=\"_ _7\"></span>taf<span class=\"_ _7\"></span>f and bin<span class=\"_ _7\"></span>ding ag<span class=\"_ _7\"></span>encie<span class=\"_ _7\"></span>s have stric<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs977\">para<span class=\"_ _7\"></span>meters in re<span class=\"_ _7\"></span>lation to the level<span class=\"_ _7\"></span>s and t<span class=\"_ _7\"></span>ype<span class=\"_ _7\"></span>s of busine<span class=\"_ _7\"></span>ss </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs978\">they ca<span class=\"_ _7\"></span>n unde<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>write, based o<span class=\"_ _7\"></span>n indi<span class=\"_ _7\"></span>vidua<span class=\"_ _7\"></span>l levels of exp<span class=\"_ _7\"></span>erie<span class=\"_ _7\"></span>nce </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs979\">and c<span class=\"_ _7\"></span>ompetenc<span class=\"_ _7\"></span>e. Thes<span class=\"_ _7\"></span>e param<span class=\"_ _7\"></span>eters cover a<span class=\"_ _7\"></span>reas su<span class=\"_ _7\"></span>ch as the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs97a\">ma<span class=\"_ _7\"></span>ximum sums<span class=\"_ _9\"></span> insured per insur<span class=\"_ _9\"></span>ance contract<span class=\"_ _9\"></span>, maximum<span class=\"_ _304\"> </span></div>gross p<span class=\"_ _7\"></span>remiu<span class=\"_ _7\"></span>ms wri<span class=\"_ _7\"></span>tten an<span class=\"_ _7\"></span>d ma<span class=\"_ _7\"></span>ximu<span class=\"_ _7\"></span>m aggreg<span class=\"_ _7\"></span>ated exposu<span class=\"_ _7\"></span>res per geographical zone and risk class.<span class=\"_ _9\"></span> Regular meetings are he<span class=\"_ _7\"></span>ld bet<span class=\"_ _7\"></span>ween the G<span class=\"_ _7\"></span>roup Ch<span class=\"_ _7\"></span>ief Unde<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>writi<span class=\"_ _7\"></span>ng Of<span class=\"_ _7\"></span>fic<span class=\"_ _7\"></span>er and a specialist t<span class=\"_ _9\"></span>eam in order<span class=\"_ _9\"></span> to monit<span class=\"_ _9\"></span>or claims<span class=\"_ _9\"></span> development<span class=\"_ _9\"></span> patterns and discuss individual under<span class=\"_ _7\"></span>writing issues as they<span class=\"_ _9\"></span> ari<span class=\"_ _7\"></span>se. The Gro<span class=\"_ _7\"></span>up com<span class=\"_ _7\"></span>piles e<span class=\"_ _7\"></span>stimates of los<span class=\"_ _7\"></span>ses a<span class=\"_ _7\"></span>risin<span class=\"_ _7\"></span>g from extreme loss ev<span class=\"_ _9\"></span>ents using st<span class=\"_ _9\"></span>atistical models alongside inp<span class=\"_ _9\"></span>ut from it<span class=\"_ _9\"></span>s under<span class=\"_ _7\"></span>writers<span class=\"_ _9\"></span>. These require significan<span class=\"_ _9\"></span>t management judgement.<span class=\"_ _9\"></span> <span class=\"_ _9\"></span><span class=\"ls38 ws41\">The ex<span class=\"_ _7\"></span>treme los<span class=\"_ _7\"></span>s sce<span class=\"_ _7\"></span>nari<span class=\"_ _7\"></span>os, shown on pa<span class=\"_ _7\"></span>ges 38 to </span>39, represe<span class=\"_ _7\"></span>nt hypothetic<span class=\"_ _7\"></span>al maj<span class=\"_ _7\"></span>or events oc<span class=\"_ _7\"></span>curr<span class=\"_ _7\"></span>ing in are<span class=\"_ _7\"></span>as with larg<span class=\"_ _7\"></span>e insure<span class=\"_ _7\"></span>d value<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>They a<span class=\"_ _7\"></span>lso rep<span class=\"_ _7\"></span>resent a<span class=\"_ _7\"></span>reas of potentia<span class=\"_ _7\"></span>lly sig<span class=\"_ _7\"></span>nific<span class=\"_ _7\"></span>ant expos<span class=\"_ _7\"></span>ure for Hisc<span class=\"_ _7\"></span>ox<span class=\"_ _9\"></span>. In ad<span class=\"_ _7\"></span>dition to unde<span class=\"_ _7\"></span>rsta<span class=\"_ _7\"></span>nding th<span class=\"_ _7\"></span>e loss Hi<span class=\"_ _7\"></span>scox may suf<span class=\"_ _7\"></span>fer from a<span class=\"_ _7\"></span>n event, it is impo<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>ant to ensure th<span class=\"_ _7\"></span>at the risk m<span class=\"_ _7\"></span>odels use<span class=\"_ _7\"></span>d are cal<span class=\"_ _7\"></span>ibrated to the risks f<span class=\"_ _7\"></span>aced today<span class=\"_ _9\"></span>. This i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>es recognising and for<span class=\"_ _9\"></span>ecasting inflat<span class=\"_ _9\"></span>ionar<span class=\"_ _7\"></span>y trends,<span class=\"_ _9\"></span> updating t<span class=\"_ _9\"></span>rends in cla<span class=\"_ _7\"></span>ims paym<span class=\"_ _7\"></span>ents, and c<span class=\"_ _7\"></span>apturin<span class=\"_ _7\"></span>g climate cha<span class=\"_ _7\"></span>nge-re<span class=\"_ _7\"></span>lated impac<span class=\"_ _7\"></span>ts. Hiscox has a c<span class=\"_ _7\"></span>limate risk f<span class=\"_ _7\"></span>ramewo<span class=\"_ _7\"></span>rk, whi<span class=\"_ _7\"></span>ch is use<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> to asse<span class=\"_ _7\"></span>ss whe<span class=\"_ _7\"></span>re rese<span class=\"_ _7\"></span>arch res<span class=\"_ _7\"></span>ources s<span class=\"_ _7\"></span>hould b<span class=\"_ _7\"></span>e focuse<span class=\"_ _7\"></span>d, and mode<span class=\"_ _7\"></span>ls upd<span class=\"_ _7\"></span>ated, and as a res<span class=\"_ _7\"></span>ult improves n<span class=\"_ _7\"></span>ot only the G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s und<span class=\"_ _7\"></span>ersta<span class=\"_ _7\"></span>nding of the p<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>enti<span class=\"_ _7\"></span>al impa<span class=\"_ _7\"></span>ct of a chan<span class=\"_ _7\"></span>ging cli<span class=\"_ _7\"></span>mate<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>but a<span class=\"_ _7\"></span>lso the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s abili<span class=\"_ _7\"></span>ty to resp<span class=\"_ _7\"></span>ond.<span class=\"_ _304\"> </span>The s<span class=\"_ _7\"></span>ele<span class=\"_ _7\"></span>ction of ex<span class=\"_ _7\"></span>treme los<span class=\"_ _7\"></span>s sce<span class=\"_ _7\"></span>nari<span class=\"_ _7\"></span>o events is adju<span class=\"_ _7\"></span>sted<span class=\"_ _9\"></span> eac<span class=\"_ _7\"></span>h year an<span class=\"_ _7\"></span>d they are not the<span class=\"_ _7\"></span>refore nec<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>aril<span class=\"_ _7\"></span>y directl<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span> com<span class=\"_ _7\"></span>parab<span class=\"_ _7\"></span>le from on<span class=\"_ _7\"></span>e year to the nex<span class=\"_ _7\"></span>t. The events are ex<span class=\"_ _7\"></span>trem<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> and u<span class=\"_ _7\"></span>nprec<span class=\"_ _7\"></span>edented, an<span class=\"_ _7\"></span>d as suc<span class=\"_ _7\"></span>h these e<span class=\"_ _7\"></span>stimates may prove inad<span class=\"_ _7\"></span>equate as a re<span class=\"_ _7\"></span>sult of inc<span class=\"_ _7\"></span>orrec<span class=\"_ _7\"></span>t assu<span class=\"_ _7\"></span>mptions, mod<span class=\"_ _7\"></span>el defic<span class=\"_ _7\"></span>ienc<span class=\"_ _7\"></span>ies, or lo<span class=\"_ _7\"></span>sses f<span class=\"_ _7\"></span>rom unmo<span class=\"_ _7\"></span>dell<span class=\"_ _7\"></span>ed ris<span class=\"_ _7\"></span>ks. This me<span class=\"_ _7\"></span>ans that shou<span class=\"_ _7\"></span>ld an ex<span class=\"_ _7\"></span>treme lo<span class=\"_ _7\"></span>ss event actu<span class=\"_ _7\"></span>ally o<span class=\"_ _7\"></span>ccur<span class=\"_ _9\"></span>, the Group\u2019<span class=\"_ _a\"></span>s fi<span class=\"_ _7\"></span>nal ultim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e lo<span class=\"_ _7\"></span>sses c<span class=\"_ _7\"></span>ould mater<span class=\"_ _7\"></span>iall<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fer f<span class=\"_ _7\"></span>rom those e<span class=\"_ _7\"></span>stimates modelled by<span class=\"_ _9\"></span> management. The Gr<span class=\"_ _9\"></span>oup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s in<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s incl<span class=\"_ _7\"></span>ude provis<span class=\"_ _7\"></span>ions to conta<span class=\"_ _7\"></span>in loss<span class=\"_ _7\"></span>es, suc<span class=\"_ _7\"></span>h as the abi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o impose deductibles<span class=\"_ _9\"></span> and demand reinstat<span class=\"_ _9\"></span>ement premiums<span class=\"_ _9\"></span> in ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain ca<span class=\"_ _7\"></span>ses. In add<span class=\"_ _7\"></span>ition, in ord<span class=\"_ _7\"></span>er to manag<span class=\"_ _7\"></span>e the Group\u2019<span class=\"_ _a\"></span>s expos<span class=\"_ _7\"></span>ure to repeated c<span class=\"_ _7\"></span>atastroph<span class=\"_ _7\"></span>ic events (both ma<span class=\"_ _7\"></span>n-made and nat<span class=\"_ _9\"></span>ural catastr<span class=\"_ _9\"></span>ophes)<span class=\"_ _9\"></span>, r<span class=\"_ _9\"></span>elevant<span class=\"_ _9\"></span> policies frequently cont<span class=\"_ _9\"></span>ain payme<span class=\"_ _7\"></span>nt limits to ca<span class=\"_ _7\"></span>p the ma<span class=\"_ _7\"></span>xim<span class=\"_ _7\"></span>um amou<span class=\"_ _7\"></span>nt payable f<span class=\"_ _7\"></span>rom <span class=\"ls8 ws4\"> </span>thes<span class=\"_ _7\"></span>e insure<span class=\"_ _7\"></span>d events over the contr<span class=\"_ _7\"></span>act per<span class=\"_ _7\"></span>iod. In the c<span class=\"_ _7\"></span>ase of climat<span class=\"_ _9\"></span>e-exposed risks specifically<span class=\"_ _a\"></span>, the<span class=\"_ _9\"></span> vast majority of con<span class=\"_ _9\"></span>tracts<span class=\"_ _9\"></span> wri<span class=\"_ _7\"></span>tten by the G<span class=\"_ _7\"></span>roup are an<span class=\"_ _7\"></span>nual in n<span class=\"_ _7\"></span>ature and thu<span class=\"_ _7\"></span>s can be revise<span class=\"_ _7\"></span>d freq<span class=\"_ _7\"></span>uently<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>is flexibi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y is a key t<span class=\"_ _9\"></span>ool for m<span class=\"_ _7\"></span>anagi<span class=\"_ _7\"></span>ng <span class=\"ls8 ws4\"> </span>the mul<span class=\"_ _7\"></span>ti-dec<span class=\"_ _7\"></span>ade ch<span class=\"_ _7\"></span>allen<span class=\"_ _7\"></span>ge of clim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e ri<span class=\"_ _7\"></span>sks holi<span class=\"_ _7\"></span>stical<span class=\"_ _7\"></span>ly<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup al<span class=\"_ _7\"></span>so mana<span class=\"_ _7\"></span>ges un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>iting ri<span class=\"_ _7\"></span>sk by purcha<span class=\"_ _7\"></span>sing reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e. Reinsu<span class=\"_ _7\"></span>rance p<span class=\"_ _7\"></span>rot<span class=\"_ _9\"></span>ec<span class=\"_ _7\"></span>tion is pu<span class=\"_ _7\"></span>rchase<span class=\"_ _7\"></span>d at an entit<span class=\"_ _7\"></span>y level a<span class=\"_ _7\"></span>nd is also c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered at a<span class=\"_ _7\"></span>n overall G<span class=\"_ _7\"></span>roup level to mitig<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e the ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t of catastrop<span class=\"_ _7\"></span>hes an<span class=\"_ _7\"></span>d unexpe<span class=\"_ _7\"></span>cted con<span class=\"_ _7\"></span>centratio<span class=\"_ _7\"></span>ns of risk. However<span class=\"_ _a\"></span>, th<span class=\"_ _7\"></span>e scope a<span class=\"_ _7\"></span>nd ty<span class=\"_ _7\"></span>pe of rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce protection pu<span class=\"_ _7\"></span>rchas<span class=\"_ _7\"></span>ed may cha<span class=\"_ _7\"></span>nge de<span class=\"_ _7\"></span>pend<span class=\"_ _7\"></span>ing on the ex<span class=\"_ _7\"></span>tent and c<span class=\"_ _7\"></span>ompeti<span class=\"_ _7\"></span>tivene<span class=\"_ _7\"></span>ss of cov<span class=\"_ _9\"></span>er available<span class=\"_ _9\"></span> in the mark<span class=\"_ _9\"></span>et.<span class=\"_ _9\"></span> The estimat<span class=\"_ _9\"></span>ed liquidity pro<span class=\"_ _9\"></span>file t<span class=\"_ _9\"></span>o settle t<span class=\"_ _9\"></span>he net claims l<span class=\"_ _9\"></span>iabilities <span class=\"ls8 ws4\"> </span>is give<span class=\"_ _7\"></span>n in note 3.3(<span class=\"_ _9\"></span>e)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The s<span class=\"_ _7\"></span>pec<span class=\"_ _7\"></span>ific insu<span class=\"_ _7\"></span>rance r<span class=\"_ _7\"></span>isks ac<span class=\"_ _7\"></span>cepted by the Grou<span class=\"_ _7\"></span>p fall <span class=\"ls8 ws4\"> </span>broadl<span class=\"_ _7\"></span>y into the followin<span class=\"_ _7\"></span>g main c<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>eg<span class=\"_ _7\"></span>orie<span class=\"_ _7\"></span>s: reinsura<span class=\"_ _7\"></span>nce <span class=\"ls8 ws4\"> </span>inw<span class=\"_ _9\"></span>ards, marine<span class=\"_ _9\"></span> and major asset pr<span class=\"_ _9\"></span>oper<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>, o<span class=\"_ _9\"></span>ther propert<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>risks<span class=\"_ _9\"></span>, casualty prof<span class=\"_ _9\"></span>essional indemnity and casualty ot<span class=\"_ _9\"></span>her insurance risks<span class=\"_ _9\"></span>. These specific cat<span class=\"_ _9\"></span>egories are defined for<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>ris<span class=\"_ _7\"></span>k review pur<span class=\"_ _7\"></span>pose<span class=\"_ _7\"></span>s only<span class=\"_ _9\"></span>, as eac<span class=\"_ _7\"></span>h conta<span class=\"_ _7\"></span>ins ris<span class=\"_ _7\"></span>ks spec<span class=\"_ _7\"></span>ific <span class=\"ls8 ws4\"> </span>to the nature of the cover p<span class=\"_ _7\"></span>rovided. Th<span class=\"_ _7\"></span>ey are not exclusi<span class=\"_ _7\"></span>vely aligned t<span class=\"_ _9\"></span>o any specific r<span class=\"_ _9\"></span>epor<span class=\"_ _7\"></span>table segment in<span class=\"_ _9\"></span> the Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s operational<span class=\"_ _9\"></span> structure or<span class=\"_ _9\"></span> to<span class=\"_ _9\"></span> the primar<span class=\"_ _7\"></span>y in<span class=\"_ _9\"></span>ternal reports<span class=\"_ _9\"></span> review<span class=\"_ _9\"></span>ed by<span class=\"_ _9\"></span> the chief opera<span class=\"_ _9\"></span>ting decision-mak<span class=\"_ _9\"></span>er<span class=\"_ _a\"></span>. The Group<span class=\"_ _9\"></span> also c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ers c<span class=\"_ _7\"></span>limate chan<span class=\"_ _7\"></span>ge to be a cross-<span class=\"_ _7\"></span>cut<span class=\"_ _7\"></span>ting ris<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span> with potenti<span class=\"_ _7\"></span>al to impact e<span class=\"_ _7\"></span>ach existin<span class=\"_ _7\"></span>g risk t<span class=\"_ _7\"></span>yp<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, rathe<span class=\"_ _7\"></span>r than a stan<span class=\"_ _7\"></span>d-alon<span class=\"_ _7\"></span>e risk. By d<span class=\"_ _7\"></span>esig<span class=\"_ _7\"></span>n, the esta<span class=\"_ _7\"></span>blishe<span class=\"_ _7\"></span>d and e<span class=\"_ _7\"></span>mbed<span class=\"_ _7\"></span>ded Grou<span class=\"_ _7\"></span>p risk ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>ment f<span class=\"_ _7\"></span>ramewor<span class=\"_ _7\"></span>k provide<span class=\"_ _7\"></span>s a controll<span class=\"_ _7\"></span>ed and c<span class=\"_ _7\"></span>onsistent sy<span class=\"_ _7\"></span>stem for the ide<span class=\"_ _7\"></span>ntificatio<span class=\"_ _7\"></span>n, measu<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, mitigation<span class=\"_ _9\"></span>, monit<span class=\"_ _9\"></span>oring and reporting of risks<span class=\"_ _9\"></span> (both current<span class=\"_ _9\"></span> and e<span class=\"_ _7\"></span>mergi<span class=\"_ _7\"></span>ng) and so is str<span class=\"_ _7\"></span>ucture<span class=\"_ _7\"></span>d in a way that allows us to continually<span class=\"_ _9\"></span> and consist<span class=\"_ _9\"></span>ently manage t<span class=\"_ _9\"></span>he various impact<span class=\"_ _9\"></span>s of<span class=\"_ _9\"></span> clim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e r<span class=\"_ _7\"></span>isk on the r<span class=\"_ _7\"></span>isk profile. T<span class=\"_ _7\"></span>his is sup<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ted by equ<span class=\"_ _7\"></span>ally robus<span class=\"_ _7\"></span>t proce<span class=\"_ _7\"></span>sses a<span class=\"_ _7\"></span>nd poli<span class=\"_ _7\"></span>cies th<span class=\"_ _7\"></span>at addres<span class=\"_ _7\"></span>s climate-re<span class=\"_ _7\"></span>lated under<span class=\"_ _7\"></span>writing risk<span class=\"_ _9\"></span>s, such as<span class=\"_ _9\"></span> the Group-<span class=\"_ _9\"></span>wide E<span class=\"_ _9\"></span>SG ex<span class=\"_ _9\"></span>clusions<span class=\"_ _9\"></span> policy which repr<span class=\"_ _9\"></span>ese<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>s a commitment t<span class=\"_ _9\"></span>o reduce st<span class=\"_ _9\"></span>eadily<span class=\"_ _a\"></span>, <span class=\"ls8 ws4\"> </span>and e<span class=\"_ _7\"></span>limin<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e by 2030, both unde<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>writi<span class=\"_ _7\"></span>ng and inve<span class=\"_ _7\"></span>stment expos<span class=\"_ _7\"></span>ure to coal-fired power p<span class=\"_ _7\"></span>lants an<span class=\"_ _7\"></span>d coal m<span class=\"_ _7\"></span>ines; Arctic ene<span class=\"_ _7\"></span>rgy expl<span class=\"_ _7\"></span>oration, be<span class=\"_ _7\"></span>ginni<span class=\"_ _7\"></span>ng with the A<span class=\"_ _7\"></span>rctic Natio<span class=\"_ _7\"></span>nal <span class=\"ls8 ws4\"> </span>Wildlife Re<span class=\"_ _9\"></span>fuge; oi<span class=\"_ _9\"></span>l sands;<span class=\"_ _9\"></span> and contr<span class=\"_ _9\"></span>oversial w<span class=\"_ _9\"></span>eapons <span class=\"ls8 ws4\"> </span>such as landmines.<span class=\"_ _304\"> </span>More in<span class=\"_ _9\"></span>formation on<span class=\"_ _9\"></span> the st<span class=\"_ _9\"></span>rategy and<span class=\"_ _9\"></span> governance st<span class=\"_ _9\"></span>ructures <span class=\"ls8 ws4\"> </span>in pla<span class=\"_ _7\"></span>ce to manage c<span class=\"_ _7\"></span>limate-re<span class=\"_ _7\"></span>lated risks c<span class=\"_ _7\"></span>an be fou<span class=\"_ _7\"></span>nd on <span class=\"ls8 ws4\"> </span>page<span class=\"_ _7\"></span>s 50 to 6<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.<span class=\"ls3b ws44\"> The follo<span class=\"_ _9\"></span>wing describes the policies and<span class=\"_ _9\"></span> </span>proc<span class=\"_ _7\"></span>edure<span class=\"_ _7\"></span>s used to ide<span class=\"_ _7\"></span>ntif<span class=\"_ _7\"></span>y and me<span class=\"_ _7\"></span>asure th<span class=\"_ _7\"></span>e risks <span class=\"ls8 ws4\"> </span>ass<span class=\"_ _7\"></span>ociated wi<span class=\"_ _7\"></span>th each i<span class=\"_ _7\"></span>ndivi<span class=\"_ _7\"></span>dual c<span class=\"_ _7\"></span>ategor<span class=\"_ _7\"></span>y of bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>Estimated c<span class=\"_ _7\"></span>once<span class=\"_ _7\"></span>ntration of insu<span class=\"_ _7\"></span>rance r<span class=\"_ _7\"></span>isks me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d in insu<span class=\"_ _7\"></span>rance reve<span class=\"_ _7\"></span>nue is as fo<span class=\"_ _7\"></span>llows:<span class=\"_ _304\"> </span>Estim<span class=\"_ _7\"></span>ated conc<span class=\"_ _7\"></span>entra<span class=\"_ _7\"></span>tion of insur<span class=\"_ _7\"></span>ance r<span class=\"_ _7\"></span>isk in 2023<span class=\"_ _304\"> </span><table class=\"s w192 ha2\" id=\"_0900bd1a-1292-479d-a396-b170564a6c08\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x3c8 h43 y1f62 ff64 fs28 fc2 sc0 lse4 ws15d\">T<span class=\"_ _9\"></span>yp<span class=\"_ _7\"></span>es of i<span class=\"_ _7\"></span>nsu<span class=\"_ _7\"></span>ran<span class=\"_ _7\"></span>ce ri<span class=\"_ _7\"></span>sk in th<span class=\"_ _7\"></span>e Gro<span class=\"_ _7\"></span>up<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x3c9 h43 y1f63 ff64 fs28 fc2 sc0 lse4 ws15d\">Pro<span class=\"_ _7\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y \u2013<span class=\"_ _304\"> </span></td><td class=\"t m0 x3ca h43 y1f63 ff64 fs28 fc2 sc0 lse4 ws15d\">Pro<span class=\"_ _7\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y \u2013<span class=\"_ _304\"> </span></td><td class=\"t m0 x3cb h43 y1f63 ff64 fs28 fc2 sc0 lsed ws139\">Casualty \u2013<span class=\"_ _304\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3b8 h43 y1f64 ff64 fs28 fc2 sc0 lsed ws17b\">Reinsurance<span class=\"_ _304\"> </span></td><td class=\"t m0 x3cc h43 y1f64 ff64 fs28 fc2 sc0 ls34 ws1cb\">marine and<span class=\"_ _304\"> </span></td><td class=\"t m0 x3cd h43 y1f64 ff64 fs28 fc2 sc0 ls131 ws1bc\">other<span class=\"_ _304\"> </span></td><td class=\"t m0 x3ce h43 y1f64 ff64 fs28 fc2 sc0 lse6 ws12d\">professional<span class=\"_ _304\"> </span></td><td class=\"t m0 x3cf h43 y1f64 ff64 fs28 fc2 sc0 lsed ws139\">Casualty \u2013<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3d0 h43 y1f65 ff64 fs28 fc2 sc0 ls16b ws22c\">inwar<span class=\"_ _7\"></span>ds<span class=\"_ _304\"> </span></td><td class=\"t m0 x3b9 h43 y1f65 ff64 fs28 fc2 sc0 ls10a ws15e\">major assets<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d1 h43 y1f65 ff64 fs28 fc2 sc0 ls7c ws98\">assets<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d2 h43 y1f65 ff64 fs28 fc2 sc0 lsf0 ws1b9\">indemnity<span class=\"_ _304\"> </span></td><td class=\"t m0 x3cf h43 y1f65 ff64 fs28 fc2 sc0 ls131 ws1b8\">other risks<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d3 h43 y1f65 ff64 fs28 fc2 sc0 lsa ws34\">Other*<span class=\"_ _9\"></span> </td><td class=\"t m0 x1fc h43 y1f65 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3d4 h43 y1f66 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d5 h43 y1f66 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d6 h43 y1f66 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d7 h43 y1f66 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h43 y1f66 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h43 y1f66 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y1f66 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1e80 w170 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3d wsf4\">T<span class=\"_ _a\"></span>otal<span class=\"_ _304\"> </span></div></td><td class=\"c n x3d8 y1e80 w193 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8c ws163\">976<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x3d9 y1e80 w194 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa6 wsc1\">345.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x3da y1e80 w195 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb3 wsd0\">90<span class=\"_ _7\"></span>3.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x3db y1e80 w196 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>7<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x3dc y1e80 w21 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">789.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x3dd y1e80 w197 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">39<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x3de y1e80 w152 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls75 ws11a\">4,48<span class=\"_ _7\"></span>3.2<span class=\"_ _304\"> </span></div></td></tr></table>Estimated c<span class=\"_ _7\"></span>once<span class=\"_ _7\"></span>ntration of insu<span class=\"_ _7\"></span>rance r<span class=\"_ _7\"></span>isk in 2022 (restated)<span class=\"_ _304\"> </span><table class=\"s w198 ha3\" id=\"_27954f2d-469f-4a2a-a5e5-171166a5dd62\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x3df h44 y1f67 ff5f fs28 fc2 sc0 lse4 ws15d\">T<span class=\"_ _9\"></span>yp<span class=\"_ _7\"></span>es of i<span class=\"_ _7\"></span>nsu<span class=\"_ _7\"></span>ran<span class=\"_ _7\"></span>ce ri<span class=\"_ _7\"></span>sk in th<span class=\"_ _7\"></span>e Gro<span class=\"_ _7\"></span>up<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x3e0 h44 y1f68 ff5f fs28 fc2 sc0 lse4 ws15d\">Pro<span class=\"_ _7\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y \u2013<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e1 h44 y1f68 ff5f fs28 fc2 sc0 lse4 ws15d\">Pro<span class=\"_ _7\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y \u2013<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d2 h44 y1f68 ff5f fs28 fc2 sc0 lsf3 ws1d9\">Casualty \u2013<span class=\"_ _304\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3b8 h44 y1f69 ff5f fs28 fc2 sc0 ls7c ws98\">Reinsurance<span class=\"_ _304\"> </span></td><td class=\"t m0 x3cc h44 y1f69 ff5f fs28 fc2 sc0 ls7c wsdf\">marine and<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e2 h44 y1f69 ff5f fs28 fc2 sc0 ls9f wsb8\">other<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e3 h44 y1f69 ff5f fs28 fc2 sc0 lsed ws17b\">professional<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e4 h44 y1f69 ff5f fs28 fc2 sc0 lsf3 ws1d9\">Casualty \u2013<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3e5 h44 y1f6a ff5f fs28 fc2 sc0 ls9f wsb8\">inward<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x3b9 h44 y1f6a ff5f fs28 fc2 sc0 ls10a ws15e\">major assets<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e6 h44 y1f6a ff5f fs28 fc2 sc0 ls3 ws90\">assets<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e7 h44 y1f6a ff5f fs28 fc2 sc0 ls7c ws98\">indemnity<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e4 h44 y1f6a ff5f fs28 fc2 sc0 lsa0 ws1e0\">other<span class=\"_ _9\"></span> risks<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d3 h44 y1f6a ff5f fs28 fc2 sc0 ls10a ws15c\">Other* </td><td class=\"t m0 x1fc h44 y1f6a ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3d4 h44 y1f6b ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d5 h44 y1f6b ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d6 h44 y1f6b ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d7 h44 y1f6b ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h44 y1f6b ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h44 y1f6b ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y1f6b ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x3e8 y1e80 w150 h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">9<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x3e9 y1e80 w19a h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _c\"> </span>8<span class=\"_ _8\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ea y1e80 w19b h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">8<span class=\"_ _7\"></span>46.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x3eb y1e80 w19c h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ec y1e80 wb0 h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">78<span class=\"_ _7\"></span>0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ed y1e80 w19d h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">38<span class=\"_ _7\"></span>0.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ee y1e80 w13 h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">4,<span class=\"_ _7\"></span>273.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>*In<span class=\"_ _7\"></span>clu<span class=\"_ _7\"></span>des a d<span class=\"_ _7\"></span>ive<span class=\"_ _7\"></span>rse m<span class=\"_ _7\"></span>ix of ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tai<span class=\"_ _7\"></span>n spe<span class=\"_ _7\"></span>cia<span class=\"_ _7\"></span>lt<span class=\"_ _7\"></span>y lin<span class=\"_ _7\"></span>es su<span class=\"_ _7\"></span>ch as k<span class=\"_ _7\"></span>id<span class=\"_ _7\"></span>nap a<span class=\"_ _7\"></span>nd ra<span class=\"_ _7\"></span>nso<span class=\"_ _7\"></span>m, terro<span class=\"_ _7\"></span>ris<span class=\"_ _7\"></span>m and ot<span class=\"_ _7\"></span>her r<span class=\"_ _7\"></span>isk<span class=\"_ _7\"></span>s whi<span class=\"_ _7\"></span>ch co<span class=\"_ _7\"></span>ntai<span class=\"_ _7\"></span>n a<span class=\"_ gs9d8\"> </span><span class=\"_ _a\"></span>m<span class=\"_ _7\"></span>ix of pr<span class=\"_ _7\"></span>ope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty a<span class=\"_ _7\"></span>nd ca<span class=\"_ _7\"></span>sua<span class=\"_ _7\"></span>lt<span class=\"_ _7\"></span>y expo<span class=\"_ _7\"></span>sure<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span><div class=\"t m0 h4d ff68 fs7 fc3 sc0 ls3d ws46 gs9e0\">Reinsurance inw<span class=\"_ _9\"></span>ards<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9e1\">The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce inwards a<span class=\"_ _7\"></span>ccepta<span class=\"_ _7\"></span>nce<span class=\"_ _7\"></span>s are prim<span class=\"_ _7\"></span>aril<span class=\"_ _7\"></span>y </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9e2\">focused on<span class=\"_ _9\"></span> large commercial pr<span class=\"_ _9\"></span>oper<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>, homeo<span class=\"_ _9\"></span>wner and marine </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9e3\">and short-<span class=\"_ _9\"></span>tail specialty exposur<span class=\"_ _9\"></span>es held by o<span class=\"_ _9\"></span>ther insurance<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9e4\">companies, pr<span class=\"_ _9\"></span>edominantly in North America and ot<span class=\"_ _9\"></span>her </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9e5\">developed economies<span class=\"_ _9\"></span>. This business is charact<span class=\"_ _9\"></span>erised more<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9e6\">by large c<span class=\"_ _7\"></span>laims a<span class=\"_ _7\"></span>risi<span class=\"_ _7\"></span>ng from in<span class=\"_ _7\"></span>divid<span class=\"_ _7\"></span>ual events o<span class=\"_ _7\"></span>r catastrop<span class=\"_ _7\"></span>hes </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs9e7\">than the<span class=\"_ _9\"></span> high-frequency<span class=\"_ _a\"></span>, low<span class=\"_ _9\"></span>-sev<span class=\"_ _9\"></span>erit<span class=\"_ _7\"></span>y attritional losses<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9e8\">associat<span class=\"_ _9\"></span>ed with certain other business written b<span class=\"_ _9\"></span>y the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs9e9\">Multiple insur<span class=\"_ _9\"></span>ed losses can per<span class=\"_ _7\"></span>iodically arise out o<span class=\"_ _9\"></span>f a single<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9ea\">natural<span class=\"_ _9\"></span> or man-made occurr<span class=\"_ _9\"></span>ence. The main cir<span class=\"_ _9\"></span>cumstances<span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9eb\">that res<span class=\"_ _7\"></span>ult in cl<span class=\"_ _7\"></span>aims aga<span class=\"_ _7\"></span>inst the re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce inward<span class=\"_ _7\"></span>s book a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9ec\">conv<span class=\"_ _9\"></span>entional catast<span class=\"_ _9\"></span>rophes, such<span class=\"_ _9\"></span> as ear<span class=\"_ _7\"></span>thquak<span class=\"_ _9\"></span>es or st<span class=\"_ _9\"></span>orms,<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9ed\">but a<span class=\"_ _7\"></span>lso incl<span class=\"_ _7\"></span>udes othe<span class=\"_ _7\"></span>r events inc<span class=\"_ _7\"></span>luding fi<span class=\"_ _7\"></span>res, explo<span class=\"_ _7\"></span>sions a<span class=\"_ _7\"></span>nd </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9ee\">cyb<span class=\"_ _7\"></span>er events. Th<span class=\"_ _7\"></span>e occur<span class=\"_ _7\"></span>renc<span class=\"_ _7\"></span>e and impa<span class=\"_ _7\"></span>ct of these eve<span class=\"_ _7\"></span>nts are </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9ef\">ver<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fi<span class=\"_ _7\"></span>cult to predi<span class=\"_ _7\"></span>ct over the sho<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t term, whic<span class=\"_ _7\"></span>h compl<span class=\"_ _7\"></span>icates </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9f0\">attem<span class=\"_ _7\"></span>pts t<span class=\"_ _9\"></span>o antic<span class=\"_ _7\"></span>ipate claim<span class=\"_ _7\"></span>s frequ<span class=\"_ _7\"></span>enci<span class=\"_ _7\"></span>es on a<span class=\"_ _7\"></span>n annua<span class=\"_ _7\"></span>l </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9f1\">basi<span class=\"_ _7\"></span>s. In those yea<span class=\"_ _7\"></span>rs whe<span class=\"_ _7\"></span>re there is a l<span class=\"_ _7\"></span>ow incide<span class=\"_ _7\"></span>nce of severe </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9f2\">catastr<span class=\"_ _9\"></span>ophes, claims fr<span class=\"_ _9\"></span>equencies on the reinsur<span class=\"_ _9\"></span>ance inwar<span class=\"_ _9\"></span>ds </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9f3\">boo<span class=\"_ _7\"></span>k can be re<span class=\"_ _7\"></span>lativel<span class=\"_ _7\"></span>y low<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9f4\">A significant pr<span class=\"_ _9\"></span>opor<span class=\"_ _7\"></span>tion<span class=\"_ _9\"></span> of the<span class=\"_ _9\"></span> reinsurance in<span class=\"_ _9\"></span>wards business<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9f5\">provid<span class=\"_ _7\"></span>es cover on a<span class=\"_ _7\"></span>n excess of los<span class=\"_ _7\"></span>s basis fo<span class=\"_ _7\"></span>r indiv<span class=\"_ _7\"></span>idua<span class=\"_ _7\"></span>l events. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9f6\">The G<span class=\"_ _7\"></span>roup agre<span class=\"_ _7\"></span>es to reimb<span class=\"_ _7\"></span>urse the c<span class=\"_ _7\"></span>eda<span class=\"_ _7\"></span>nt once the<span class=\"_ _7\"></span>ir los<span class=\"_ _7\"></span>ses </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9f7\">exceed a m<span class=\"_ _7\"></span>inimum l<span class=\"_ _7\"></span>evel. Conse<span class=\"_ _7\"></span>quentl<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, the f<span class=\"_ _7\"></span>reque<span class=\"_ _7\"></span>ncy an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9f8\">sever<span class=\"_ _7\"></span>ity of re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce inwards c<span class=\"_ _7\"></span>laims a<span class=\"_ _7\"></span>re related not on<span class=\"_ _7\"></span>ly to<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9f9\">the num<span class=\"_ _7\"></span>ber of sig<span class=\"_ _7\"></span>nific<span class=\"_ _7\"></span>ant insu<span class=\"_ _7\"></span>red events that oc<span class=\"_ _7\"></span>cur<span class=\"_ _a\"></span>, b<span class=\"_ _7\"></span>ut also to </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9fa\">their individual<span class=\"_ _9\"></span> magnitude.<span class=\"_ _9\"></span> If numerous ca<span class=\"_ _9\"></span>tastrophes occurred<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9fb\">in any on<span class=\"_ _7\"></span>e year<span class=\"_ _a\"></span>, b<span class=\"_ _7\"></span>ut the ce<span class=\"_ _7\"></span>dant\u2019<span class=\"_ _9\"></span>s ind<span class=\"_ _7\"></span>ividu<span class=\"_ _7\"></span>al los<span class=\"_ _7\"></span>s on eac<span class=\"_ _7\"></span>h was </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9fc\">bel<span class=\"_ _7\"></span>ow the minim<span class=\"_ _7\"></span>um stated, then the G<span class=\"_ _7\"></span>roup woul<span class=\"_ _7\"></span>d have no </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9fd\">liability under such cont<span class=\"_ _9\"></span>racts.<span class=\"_ _9\"></span> Ma<span class=\"_ _7\"></span>ximum gross<span class=\"_ _9\"></span> line sizes and<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9fe\">aggre<span class=\"_ _7\"></span>gate exposu<span class=\"_ _7\"></span>res are set for e<span class=\"_ _7\"></span>ach t<span class=\"_ _7\"></span>ype of pro<span class=\"_ _7\"></span>gramm<span class=\"_ _7\"></span>e.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9ff\">The G<span class=\"_ _7\"></span>roup wr<span class=\"_ _7\"></span>ites rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce risks fo<span class=\"_ _7\"></span>r per<span class=\"_ _7\"></span>iods of mai<span class=\"_ _7\"></span>nly on<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa00\">year s<span class=\"_ _7\"></span>o that contrac<span class=\"_ _7\"></span>ts can be a<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>ssed for p<span class=\"_ _7\"></span>rici<span class=\"_ _7\"></span>ng and ter<span class=\"_ _7\"></span>ms </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa01\">and ad<span class=\"_ _7\"></span>justed to reflect a<span class=\"_ _7\"></span>ny chan<span class=\"_ _7\"></span>ges in m<span class=\"_ _7\"></span>arket con<span class=\"_ _7\"></span>ditions a<span class=\"_ _7\"></span>nd </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa02\">the evolv<span class=\"_ _7\"></span>ing imp<span class=\"_ _7\"></span>act of climate ch<span class=\"_ _7\"></span>ange.<span class=\"_ _304\"> </span></div><div class=\"t m0 h4d ff68 fs7 fc3 sc0 ls38 ws41 gsa03\">Prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty ri<span class=\"_ _7\"></span>sks \u2013 mari<span class=\"_ _7\"></span>ne and ma<span class=\"_ _7\"></span>jor assets<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa04\">The G<span class=\"_ _7\"></span>roup dire<span class=\"_ _7\"></span>ctly un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>ites a dive<span class=\"_ _7\"></span>rse ran<span class=\"_ _7\"></span>ge of prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa05\">ris<span class=\"_ _7\"></span>ks. The ri<span class=\"_ _7\"></span>sk profile of the pro<span class=\"_ _7\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y covered u<span class=\"_ _7\"></span>nder m<span class=\"_ _7\"></span>arin<span class=\"_ _7\"></span>e and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa06\">majo<span class=\"_ _7\"></span>r asset p<span class=\"_ _7\"></span>olici<span class=\"_ _7\"></span>es is di<span class=\"_ _7\"></span>ffe<span class=\"_ _7\"></span>rent to that ty<span class=\"_ _7\"></span>pic<span class=\"_ _7\"></span>ally co<span class=\"_ _7\"></span>ntaine<span class=\"_ _7\"></span>d in </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa07\">the other c<span class=\"_ _7\"></span>lass<span class=\"_ _7\"></span>es of prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty (suc<span class=\"_ _7\"></span>h as pri<span class=\"_ _7\"></span>vat<span class=\"_ _9\"></span>e hou<span class=\"_ _7\"></span>seho<span class=\"_ _7\"></span>lds and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa08\">contents in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce) covered by the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa09\">T<span class=\"_ _a\"></span>ypical proper<span class=\"_ _7\"></span>ty cov<span class=\"_ _9\"></span>ered by<span class=\"_ _9\"></span> marine and ot<span class=\"_ _9\"></span>her major propert<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa0a\">contra<span class=\"_ _7\"></span>cts inclu<span class=\"_ _7\"></span>des fi<span class=\"_ _7\"></span>x<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>d and movea<span class=\"_ _7\"></span>ble ass<span class=\"_ _7\"></span>ets such a<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa0b\">ship<span class=\"_ _7\"></span>s and other ve<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>ls, cargo in tr<span class=\"_ _7\"></span>ansit, en<span class=\"_ _7\"></span>ergy pl<span class=\"_ _7\"></span>atfor<span class=\"_ _7\"></span>ms </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa0c\">and in<span class=\"_ _7\"></span>stall<span class=\"_ _7\"></span>ations, pipe<span class=\"_ _7\"></span>line<span class=\"_ _7\"></span>s, other subs<span class=\"_ _7\"></span>ea ass<span class=\"_ _7\"></span>ets, satellites, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa0d\">commercial buildings<span class=\"_ _9\"></span> and industrial plan<span class=\"_ _9\"></span>t and machiner<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa0e\">The<span class=\"_ _7\"></span>se as<span class=\"_ _7\"></span>sets are t<span class=\"_ _7\"></span>ypic<span class=\"_ _7\"></span>ally ex<span class=\"_ _7\"></span>posed to a ble<span class=\"_ _7\"></span>nd of catas<span class=\"_ _7\"></span>trophic </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa0f\">and othe<span class=\"_ _7\"></span>r large l<span class=\"_ _7\"></span>oss events a<span class=\"_ _7\"></span>nd attr<span class=\"_ _7\"></span>itiona<span class=\"_ _7\"></span>l claim<span class=\"_ _7\"></span>s aris<span class=\"_ _7\"></span>ing from </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa10\">conventi<span class=\"_ _7\"></span>onal ha<span class=\"_ _7\"></span>z<span class=\"_ _7\"></span>ards suc<span class=\"_ _7\"></span>h as coll<span class=\"_ _7\"></span>ision, flo<span class=\"_ _7\"></span>oding, fire an<span class=\"_ _7\"></span>d thef<span class=\"_ _7\"></span>t.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa11\">Clim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e ch<span class=\"_ _7\"></span>ange m<span class=\"_ _7\"></span>ay give rise to more f<span class=\"_ _7\"></span>reque<span class=\"_ _7\"></span>nt and seve<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa12\">extre<span class=\"_ _7\"></span>me weathe<span class=\"_ _7\"></span>r events (for examp<span class=\"_ _7\"></span>le, windstor<span class=\"_ _7\"></span>ms and ri<span class=\"_ _7\"></span>ver </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa13\">flood<span class=\"_ _7\"></span>ing) and it m<span class=\"_ _7\"></span>ay be expec<span class=\"_ _7\"></span>ted that their f<span class=\"_ _7\"></span>reque<span class=\"_ _7\"></span>ncy wil<span class=\"_ _7\"></span>l </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3d ws46 gsa14\">increase o<span class=\"_ _9\"></span>ver t<span class=\"_ _9\"></span>ime.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa15\">For t<span class=\"_ _9\"></span>his reason<span class=\"_ _9\"></span>, the Group<span class=\"_ _9\"></span> accepts major<span class=\"_ _9\"></span> proper<span class=\"_ _7\"></span>ty insurance<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa16\">ris<span class=\"_ _7\"></span>ks for per<span class=\"_ _7\"></span>iods of ma<span class=\"_ _7\"></span>inly on<span class=\"_ _7\"></span>e year so that e<span class=\"_ _7\"></span>ach co<span class=\"_ _7\"></span>ntract ca<span class=\"_ _7\"></span>n </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa17\">be rep<span class=\"_ _7\"></span>rice<span class=\"_ _7\"></span>d on renewa<span class=\"_ _7\"></span>l t<span class=\"_ _9\"></span>o refle<span class=\"_ _7\"></span>ct the co<span class=\"_ _7\"></span>ntinual<span class=\"_ _7\"></span>ly evolvi<span class=\"_ _7\"></span>ng ris<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws96 gsa18\">profile<span class=\"_ _9\"></span>. The most significant risks<span class=\"_ _9\"></span> covered f<span class=\"_ _9\"></span>or periods ex<span class=\"_ _9\"></span>ceeding </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa19\">one ye<span class=\"_ _7\"></span>ar are ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain sp<span class=\"_ _7\"></span>ecia<span class=\"_ _7\"></span>list lin<span class=\"_ _7\"></span>es suc<span class=\"_ _7\"></span>h as mar<span class=\"_ _7\"></span>ine an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsa1a\">offshore construction project<span class=\"_ _9\"></span>s which can typ<span class=\"_ _7\"></span>ically ha<span class=\"_ _9\"></span>ve building<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa1b\">and a<span class=\"_ _7\"></span>ssem<span class=\"_ _7\"></span>bling p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>ds of bet<span class=\"_ _7\"></span>ween thre<span class=\"_ _7\"></span>e and four ye<span class=\"_ _7\"></span>ars. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa1c\">These form a small<span class=\"_ _9\"></span> proportion of t<span class=\"_ _9\"></span>he Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s overall<span class=\"_ _9\"></span> por<span class=\"_ _7\"></span>tfolio<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa1d\">Marine and major pr<span class=\"_ _9\"></span>oper<span class=\"_ _7\"></span>ty contracts<span class=\"_ _9\"></span> are normally underwrit<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>en </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa1e\">by referen<span class=\"_ _7\"></span>ce to the comme<span class=\"_ _7\"></span>rcial re<span class=\"_ _7\"></span>plac<span class=\"_ _7\"></span>ement va<span class=\"_ _7\"></span>lue of the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa1f\">prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty c<span class=\"_ _7\"></span>overed. The c<span class=\"_ _7\"></span>ost of repai<span class=\"_ _7\"></span>ring or re<span class=\"_ _7\"></span>build<span class=\"_ _7\"></span>ing as<span class=\"_ _7\"></span>sets, of<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa20\">repl<span class=\"_ _7\"></span>acem<span class=\"_ _7\"></span>ent or ind<span class=\"_ _7\"></span>emni<span class=\"_ _7\"></span>ty for c<span class=\"_ _7\"></span>ontents and tim<span class=\"_ _7\"></span>e taken to resta<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa21\">or resume opera<span class=\"_ _9\"></span>tions t<span class=\"_ _9\"></span>o original le<span class=\"_ _9\"></span>vels for<span class=\"_ _9\"></span> business int<span class=\"_ _9\"></span>erruption </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa22\">los<span class=\"_ _7\"></span>ses are th<span class=\"_ _7\"></span>e ke<span class=\"_ _9\"></span>y fac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>s that influe<span class=\"_ _7\"></span>nce the l<span class=\"_ _7\"></span>evel of claim<span class=\"_ _7\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa23\">under these policies<span class=\"_ _9\"></span>. The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s exposure<span class=\"_ _9\"></span> to commodity<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa24\">pri<span class=\"_ _7\"></span>ce ris<span class=\"_ _7\"></span>k in relatio<span class=\"_ _7\"></span>n t<span class=\"_ _9\"></span>o the<span class=\"_ _7\"></span>se ty<span class=\"_ _7\"></span>pes of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contrac<span class=\"_ _7\"></span>ts is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa25\">very limited<span class=\"_ _9\"></span>, given t<span class=\"_ _9\"></span>he control<span class=\"_ _9\"></span>led extent o<span class=\"_ _9\"></span>f business int<span class=\"_ _9\"></span>erruption<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa26\">cover of<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>d in the are<span class=\"_ _7\"></span>as prone to los<span class=\"_ _7\"></span>ses of as<span class=\"_ _7\"></span>set produ<span class=\"_ _7\"></span>ction.<span class=\"_ _304\"> </span></div><div class=\"t m0 h4d ff68 fs7 fc3 sc0 ls38 ws41 gsa27\">Othe<span class=\"_ _7\"></span>r prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty r<span class=\"_ _7\"></span>isks<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa28\">The G<span class=\"_ _7\"></span>roup provi<span class=\"_ _7\"></span>des ho<span class=\"_ _7\"></span>me and c<span class=\"_ _7\"></span>ontents insur<span class=\"_ _7\"></span>ance, togethe<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa29\">with c<span class=\"_ _7\"></span>over for ar<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>work, antiq<span class=\"_ _7\"></span>ues, cla<span class=\"_ _7\"></span>ssic c<span class=\"_ _7\"></span>ars, jewe<span class=\"_ _7\"></span>ller<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa2a\">coll<span class=\"_ _7\"></span>ecta<span class=\"_ _7\"></span>bles a<span class=\"_ _7\"></span>nd other a<span class=\"_ _7\"></span>ssets. Th<span class=\"_ _7\"></span>e Group al<span class=\"_ _7\"></span>so exten<span class=\"_ _7\"></span>ds cover </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa2b\">to reimbur<span class=\"_ _7\"></span>se ce<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>ain pol<span class=\"_ _7\"></span>icyho<span class=\"_ _7\"></span>lder<span class=\"_ _7\"></span>s when n<span class=\"_ _7\"></span>ame<span class=\"_ _7\"></span>d insure<span class=\"_ _7\"></span>ds or </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa2c\">insu<span class=\"_ _7\"></span>red ass<span class=\"_ _7\"></span>ets are seize<span class=\"_ _7\"></span>d for kid<span class=\"_ _7\"></span>nap and a r<span class=\"_ _7\"></span>ansom d<span class=\"_ _7\"></span>ema<span class=\"_ _7\"></span>nd is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa2d\">subs<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>ntly met. Events whi<span class=\"_ _7\"></span>ch can g<span class=\"_ _7\"></span>ene<span class=\"_ _7\"></span>rate claims o<span class=\"_ _7\"></span>n these </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa2e\">contra<span class=\"_ _7\"></span>cts inclu<span class=\"_ _7\"></span>de burgl<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>, kidna<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>, seizu<span class=\"_ _7\"></span>re of assets, acts of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa2f\">vanda<span class=\"_ _7\"></span>lism, fire<span class=\"_ _7\"></span>s, floodin<span class=\"_ _7\"></span>g and storm da<span class=\"_ _7\"></span>mage. Los<span class=\"_ _7\"></span>ses on mo<span class=\"_ _7\"></span>st </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa30\">cla<span class=\"_ _7\"></span>sses c<span class=\"_ _7\"></span>an be pre<span class=\"_ _7\"></span>dicted w<span class=\"_ _7\"></span>ith a greater de<span class=\"_ _7\"></span>gree of ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>taint<span class=\"_ _7\"></span>y as </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa31\">there i<span class=\"_ _7\"></span>s a rich hi<span class=\"_ _7\"></span>story of ac<span class=\"_ _7\"></span>tual lo<span class=\"_ _7\"></span>ss expe<span class=\"_ _7\"></span>rien<span class=\"_ _7\"></span>ce data a<span class=\"_ _7\"></span>nd the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa32\">loc<span class=\"_ _7\"></span>ations of the as<span class=\"_ _7\"></span>sets covered, a<span class=\"_ _7\"></span>nd the indi<span class=\"_ _7\"></span>vidu<span class=\"_ _7\"></span>al levels of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa33\">sec<span class=\"_ _7\"></span>urit<span class=\"_ _7\"></span>y taken by own<span class=\"_ _7\"></span>ers, are re<span class=\"_ _7\"></span>latively s<span class=\"_ _7\"></span>tatic from o<span class=\"_ _7\"></span>ne year <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa34\">to the next.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa35\">The l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s asso<span class=\"_ _7\"></span>ciated wi<span class=\"_ _7\"></span>th these co<span class=\"_ _7\"></span>ntracts tend to be of a </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa36\">high<span class=\"_ _7\"></span>er fre<span class=\"_ _7\"></span>quen<span class=\"_ _7\"></span>cy and lower s<span class=\"_ _7\"></span>everit<span class=\"_ _7\"></span>y than th<span class=\"_ _7\"></span>e mari<span class=\"_ _7\"></span>ne and othe<span class=\"_ _7\"></span>r </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa37\">majo<span class=\"_ _7\"></span>r prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty as<span class=\"_ _7\"></span>sets covered a<span class=\"_ _7\"></span>bove. The Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s home a<span class=\"_ _7\"></span>nd </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa38\">contents in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts are expo<span class=\"_ _7\"></span>sed to weather a<span class=\"_ _7\"></span>nd </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa39\">clim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>-related ri<span class=\"_ _7\"></span>sks such a<span class=\"_ _7\"></span>s floods a<span class=\"_ _7\"></span>nd win<span class=\"_ _7\"></span>dstorms an<span class=\"_ _7\"></span>d their </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa3a\">cons<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>nce<span class=\"_ _7\"></span>s. As outlin<span class=\"_ _7\"></span>ed ea<span class=\"_ _7\"></span>rlie<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>, the fre<span class=\"_ _7\"></span>quen<span class=\"_ _7\"></span>cy and seve<span class=\"_ _7\"></span>rit<span class=\"_ _7\"></span>y </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa3b\">of these l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s do not le<span class=\"_ _7\"></span>nd thems<span class=\"_ _7\"></span>elves to accu<span class=\"_ _7\"></span>rate predic<span class=\"_ _7\"></span>tion </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa3c\">over the sh<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>t term. Contrac<span class=\"_ _7\"></span>t per<span class=\"_ _7\"></span>iods are th<span class=\"_ _7\"></span>erefore not <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa3d\">nor<span class=\"_ _7\"></span>mally m<span class=\"_ _7\"></span>ore than o<span class=\"_ _7\"></span>ne year at a tim<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o en<span class=\"_ _7\"></span>able r<span class=\"_ _7\"></span>isks to <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsa3e\">be regularly repriced.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa3f\">Contract<span class=\"_ _9\"></span>s are underwrit<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>en by r<span class=\"_ _9\"></span>eference t<span class=\"_ _9\"></span>o the<span class=\"_ _9\"></span> commercial </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa40\">repl<span class=\"_ _7\"></span>acem<span class=\"_ _7\"></span>ent valu<span class=\"_ _7\"></span>e of the proper<span class=\"_ _7\"></span>ti<span class=\"_ _7\"></span>es and c<span class=\"_ _7\"></span>ontents insu<span class=\"_ _7\"></span>red.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa41\">Cla<span class=\"_ _7\"></span>ims payme<span class=\"_ _7\"></span>nt limits a<span class=\"_ _7\"></span>re always inc<span class=\"_ _7\"></span>luded to ca<span class=\"_ _7\"></span>p the amou<span class=\"_ _7\"></span>nt </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa42\">payable o<span class=\"_ _7\"></span>n occu<span class=\"_ _7\"></span>rrenc<span class=\"_ _7\"></span>e of the insure<span class=\"_ _7\"></span>d event.<span class=\"_ _304\"> </span></div><div class=\"t m0 h4d ff68 fs7 fc3 sc0 ls38 ws41 gsa43\">Casua<span class=\"_ _7\"></span>lty i<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce ris<span class=\"_ _7\"></span>ks<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa44\">The c<span class=\"_ _7\"></span>asua<span class=\"_ _7\"></span>lt<span class=\"_ _7\"></span>y unde<span class=\"_ _7\"></span>rw<span class=\"_ _7\"></span>ritin<span class=\"_ _7\"></span>g strategy at<span class=\"_ _7\"></span>tempts t<span class=\"_ _9\"></span>o e<span class=\"_ _7\"></span>nsure that </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa45\">the und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>itten r<span class=\"_ _7\"></span>isks are we<span class=\"_ _7\"></span>ll diver<span class=\"_ _7\"></span>sifie<span class=\"_ _7\"></span>d in terms of t<span class=\"_ _7\"></span>ype a<span class=\"_ _7\"></span>nd </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa46\">amo<span class=\"_ _7\"></span>unt of potential ha<span class=\"_ _7\"></span>za<span class=\"_ _7\"></span>rd, industr<span class=\"_ _7\"></span>y an<span class=\"_ _7\"></span>d geo<span class=\"_ _7\"></span>graphy<span class=\"_ _9\"></span>. However<span class=\"_ _a\"></span>, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsa47\">the Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s exposure i<span class=\"_ _9\"></span>s more focused t<span class=\"_ _9\"></span>ow<span class=\"_ _9\"></span>ards pro<span class=\"_ _9\"></span>fessional,<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa48\">general, t<span class=\"_ _9\"></span>echnological and marine liability risks<span class=\"_ _9\"></span> rather t<span class=\"_ _9\"></span>han </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws41 gsa49\">huma<span class=\"_ _7\"></span>n bodil<span class=\"_ _7\"></span>y injur<span class=\"_ _7\"></span>y r<span class=\"_ _7\"></span>isks, whi<span class=\"_ _7\"></span>ch are on<span class=\"_ _7\"></span>ly acce<span class=\"_ _7\"></span>pted unde<span class=\"_ _7\"></span>r limited </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa4a\">circu<span class=\"_ _7\"></span>mstanc<span class=\"_ _7\"></span>es. Cla<span class=\"_ _7\"></span>ims t<span class=\"_ _7\"></span>ypic<span class=\"_ _7\"></span>ally a<span class=\"_ _7\"></span>rise f<span class=\"_ _7\"></span>rom incid<span class=\"_ _7\"></span>ents suc<span class=\"_ _7\"></span>h as </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa4b\">er<span class=\"_ _7\"></span>rors and o<span class=\"_ _7\"></span>miss<span class=\"_ _7\"></span>ions at<span class=\"_ _7\"></span>tributed to the ins<span class=\"_ _7\"></span>ured, profes<span class=\"_ _7\"></span>siona<span class=\"_ _7\"></span>l </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa4c\">neg<span class=\"_ _7\"></span>lige<span class=\"_ _7\"></span>nce and s<span class=\"_ _7\"></span>pec<span class=\"_ _7\"></span>ific los<span class=\"_ _7\"></span>ses su<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>fered as a re<span class=\"_ _7\"></span>sult of el<span class=\"_ _7\"></span>ectron<span class=\"_ _7\"></span>ic </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa4d\">or t<span class=\"_ _9\"></span>echnological failure o<span class=\"_ _9\"></span>f software product<span class=\"_ _9\"></span>s and websit<span class=\"_ _9\"></span>es.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa4e\">The p<span class=\"_ _7\"></span>rovisio<span class=\"_ _7\"></span>n of insura<span class=\"_ _7\"></span>nce to cover alle<span class=\"_ _7\"></span>gation<span class=\"_ _7\"></span>s made aga<span class=\"_ _7\"></span>inst </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa4f\">individuals act<span class=\"_ _9\"></span>ing in the<span class=\"_ _9\"></span> course of fiduciary or managerial </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa50\">responsibilit<span class=\"_ _9\"></span>ies, including d<span class=\"_ _9\"></span>irectors<span class=\"_ _9\"></span> and officer<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>\u2019 insurance<span class=\"_ _9\"></span>, is<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa51\">one exa<span class=\"_ _7\"></span>mple of a ca<span class=\"_ _7\"></span>sual<span class=\"_ _7\"></span>ty ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e risk.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa52\">The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s casualt<span class=\"_ _7\"></span>y ins<span class=\"_ _9\"></span>urance contract<span class=\"_ _9\"></span>s mainly experience<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa53\">low-severi<span class=\"_ _7\"></span>ty at<span class=\"_ _7\"></span>tritio<span class=\"_ _7\"></span>nal los<span class=\"_ _7\"></span>ses. By n<span class=\"_ _7\"></span>ature, some ca<span class=\"_ _7\"></span>sualt<span class=\"_ _7\"></span>y los<span class=\"_ _7\"></span>ses </div>may take lon<span class=\"_ _7\"></span>ger to set<span class=\"_ _7\"></span>tle than othe<span class=\"_ _7\"></span>r categor<span class=\"_ _7\"></span>ies of bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s. In addition<span class=\"_ _9\"></span>, there<span class=\"_ _9\"></span> is increased pot<span class=\"_ _9\"></span>ential f<span class=\"_ _9\"></span>or accumulation<span class=\"_ _9\"></span> in casualty risk due t<span class=\"_ _9\"></span>o the<span class=\"_ _9\"></span> growing comple<span class=\"_ _9\"></span>xity of business,<span class=\"_ _9\"></span> technological a<span class=\"_ _9\"></span>dvances, and gr<span class=\"_ _9\"></span>eater in<span class=\"_ _9\"></span>terconnectivity and<span class=\"_ _9\"></span> interde<span class=\"_ _7\"></span>pend<span class=\"_ _7\"></span>ency ac<span class=\"_ _7\"></span>ross the wor<span class=\"_ _7\"></span>ld due to globa<span class=\"_ _7\"></span>lisatio<span class=\"_ _7\"></span>n.<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s pr<span class=\"_ _7\"></span>icin<span class=\"_ _7\"></span>g strategy for ca<span class=\"_ _7\"></span>sual<span class=\"_ _7\"></span>ty in<span class=\"_ _7\"></span>suranc<span class=\"_ _7\"></span>e <span class=\"ls8 ws4\"> </span>policies is typically based on his<span class=\"_ _9\"></span>torical claim<span class=\"_ _9\"></span> frequencies <span class=\"ls8 ws4\"> </span>and aver<span class=\"_ _7\"></span>age cla<span class=\"_ _7\"></span>im severi<span class=\"_ _7\"></span>ties, adju<span class=\"_ _7\"></span>sted for inflatio<span class=\"_ _7\"></span>n and extr<span class=\"_ _7\"></span>apolated fo<span class=\"_ _7\"></span>rwa<span class=\"_ _7\"></span>rds to incor<span class=\"_ _7\"></span>porate projec<span class=\"_ _7\"></span>ted chan<span class=\"_ _7\"></span>ges in cla<span class=\"_ _7\"></span>ims pat<span class=\"_ _7\"></span>terns. In deter<span class=\"_ _7\"></span>minin<span class=\"_ _7\"></span>g the pric<span class=\"_ _7\"></span>e of each po<span class=\"_ _7\"></span>licy<span class=\"_ _9\"></span>, an allowance i<span class=\"_ _9\"></span>s also made for<span class=\"_ _9\"></span> acquisition and administ<span class=\"_ _9\"></span>ration<span class=\"_ _9\"></span> expe<span class=\"_ _7\"></span>nses, rei<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce cos<span class=\"_ _7\"></span>ts, investment retu<span class=\"_ _7\"></span>rns and th<span class=\"_ _7\"></span>e Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s cost of cap<span class=\"_ _7\"></span>ital.<span class=\"_ _304\"> </span>The m<span class=\"_ _7\"></span>arket for cy<span class=\"_ _7\"></span>ber ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e is still a re<span class=\"_ _7\"></span>latively i<span class=\"_ _7\"></span>mmature on<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, com<span class=\"_ _7\"></span>plicated by the fa<span class=\"_ _7\"></span>st<span class=\"_ _9\"></span>-movin<span class=\"_ _7\"></span>g nature of the thre<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>, as th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> world becomes ev<span class=\"_ _9\"></span>en more connect<span class=\"_ _9\"></span>ed. The risk<span class=\"_ _9\"></span>s associat<span class=\"_ _9\"></span>ed with cy<span class=\"_ _7\"></span>ber in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce are mul<span class=\"_ _7\"></span>tiply<span class=\"_ _7\"></span>ing in both di<span class=\"_ _7\"></span>versit<span class=\"_ _7\"></span>y an<span class=\"_ _7\"></span>d scal<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, with a<span class=\"_ _7\"></span>ssoci<span class=\"_ _7\"></span>ated finan<span class=\"_ _7\"></span>cial an<span class=\"_ _7\"></span>d reput<span class=\"_ _7\"></span>ational c<span class=\"_ _7\"></span>onseq<span class=\"_ _7\"></span>uenc<span class=\"_ _7\"></span>es of fail<span class=\"_ _7\"></span>ing to prepare for th<span class=\"_ _7\"></span>em. The G<span class=\"_ _7\"></span>roup has fo<span class=\"_ _7\"></span>cuse<span class=\"_ _7\"></span>d its cybe<span class=\"_ _7\"></span>r exper<span class=\"_ _7\"></span>tise<span class=\"_ _9\"></span> on prev<span class=\"_ _9\"></span>ention, i<span class=\"_ _9\"></span>n addition t<span class=\"_ _9\"></span>o the mor<span class=\"_ _9\"></span>e tradit<span class=\"_ _9\"></span>ional recov<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>y product<span class=\"_ _9\"></span>. Cybe<span class=\"_ _7\"></span>r pr<span class=\"_ _9\"></span>oducts are sold<span class=\"_ _9\"></span> through our<span class=\"_ _9\"></span> busi<span class=\"_ _7\"></span>nes<span class=\"_ _7\"></span>ses in the U<span class=\"_ _7\"></span>K, USA an<span class=\"_ _7\"></span>d Europe, and the pro<span class=\"_ _7\"></span>duct is <span class=\"ls8 ws4\"> </span>sold b<span class=\"_ _7\"></span>oth direct to con<span class=\"_ _7\"></span>sumer<span class=\"_ _7\"></span>s and thro<span class=\"_ _7\"></span>ugh a more trad<span class=\"_ _7\"></span>itiona<span class=\"_ _7\"></span>l brok<span class=\"_ _9\"></span>er channel.<span class=\"_ _304\"> </span>ii) Reser<span class=\"_ _7\"></span>ving risk<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s pro<span class=\"_ _7\"></span>cedu<span class=\"_ _7\"></span>res for es<span class=\"_ _7\"></span>timating the o<span class=\"_ _7\"></span>utstand<span class=\"_ _7\"></span>ing <span class=\"ls8 ws4\"> </span>costs of set<span class=\"_ _7\"></span>tling i<span class=\"_ _7\"></span>nsured l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s at the bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet date, incl<span class=\"_ _7\"></span>uding li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ty of inc<span class=\"_ _7\"></span>urred c<span class=\"_ _7\"></span>laim<span class=\"_ _7\"></span>s, are detail<span class=\"_ _7\"></span>ed in note 20.<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s provision<span class=\"_ _9\"></span> estimat<span class=\"_ _9\"></span>es are subject t<span class=\"_ _9\"></span>o rigor<span class=\"_ _9\"></span>ous <span class=\"ls8 ws4\"> </span>review by se<span class=\"_ _7\"></span>nior ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>ment f<span class=\"_ _7\"></span>rom all are<span class=\"_ _7\"></span>as of the bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s.<span class=\"_ _9\"></span> The m<span class=\"_ _7\"></span>anag<span class=\"_ _7\"></span>ed Syn<span class=\"_ _7\"></span>dicates a<span class=\"_ _7\"></span>nd US bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s rece<span class=\"_ _7\"></span>ive a review <span class=\"ls8 ws4\"> </span>of their e<span class=\"_ _7\"></span>stimates f<span class=\"_ _7\"></span>rom inde<span class=\"_ _7\"></span>pend<span class=\"_ _7\"></span>ent actua<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>s. The fin<span class=\"_ _7\"></span>al provis<span class=\"_ _7\"></span>ion is ap<span class=\"_ _7\"></span>proved by the relevant b<span class=\"_ _7\"></span>oards on th<span class=\"_ _7\"></span>e recommendation<span class=\"_ _9\"></span> of dedicat<span class=\"_ _9\"></span>ed reser<span class=\"_ _7\"></span>ving committ<span class=\"_ _9\"></span>ees. Similar<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>to the unde<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>writin<span class=\"_ _7\"></span>g risk d<span class=\"_ _7\"></span>etaile<span class=\"_ _7\"></span>d above, the Group\u2019<span class=\"_ _a\"></span>s re<span class=\"_ _7\"></span>ser<span class=\"_ _7\"></span>ve risks are<span class=\"_ _9\"></span> well diversified<span class=\"_ _9\"></span>. Short-<span class=\"_ _9\"></span>tailed claims ar<span class=\"_ _9\"></span>e normally notifie<span class=\"_ _7\"></span>d and set<span class=\"_ _7\"></span>tled w<span class=\"_ _7\"></span>ithin 1<span class=\"_ _9\"></span>2 t<span class=\"_ _9\"></span>o 2<span class=\"_ _9\"></span>4 months of the i<span class=\"_ _7\"></span>nsured <span class=\"ls8 ws4\"> </span>event oc<span class=\"_ _7\"></span>curr<span class=\"_ _7\"></span>ing. Thos<span class=\"_ _7\"></span>e claim<span class=\"_ _7\"></span>s taki<span class=\"_ _7\"></span>ng the lon<span class=\"_ _7\"></span>gest tim<span class=\"_ _7\"></span>e to<span class=\"_ _9\"></span> develo<span class=\"_ _7\"></span>p and set<span class=\"_ _7\"></span>tle t<span class=\"_ _7\"></span>ypic<span class=\"_ _7\"></span>ally re<span class=\"_ _7\"></span>late t<span class=\"_ _9\"></span>o ca<span class=\"_ _7\"></span>sual<span class=\"_ _7\"></span>ty ri<span class=\"_ _7\"></span>sks, whe<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>legal complexities occasionally<span class=\"_ _9\"></span> develop regar<span class=\"_ _9\"></span>ding the<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>insured<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s alleged omissions<span class=\"_ _9\"></span> or negligence. The lengt<span class=\"_ _9\"></span>h of<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>time req<span class=\"_ _7\"></span>uired to obtai<span class=\"_ _7\"></span>n definiti<span class=\"_ _7\"></span>ve lega<span class=\"_ _7\"></span>l judgm<span class=\"_ _7\"></span>ents and m<span class=\"_ _7\"></span>ake<span class=\"_ _9\"></span> eventua<span class=\"_ _7\"></span>l settl<span class=\"_ _7\"></span>ements ex<span class=\"_ _7\"></span>poses th<span class=\"_ _7\"></span>e Group to a de<span class=\"_ _7\"></span>gree of rese<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ving r<span class=\"_ _7\"></span>isk in a<span class=\"_ _7\"></span>n inflationa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y enviro<span class=\"_ _7\"></span>nment.<span class=\"_ _304\"> </span>The fi<span class=\"_ _7\"></span>nal qu<span class=\"_ _7\"></span>antum for c<span class=\"_ _7\"></span>asual<span class=\"_ _7\"></span>ty cl<span class=\"_ _7\"></span>aims may n<span class=\"_ _7\"></span>ot be esta<span class=\"_ _7\"></span>blishe<span class=\"_ _7\"></span>d for ma<span class=\"_ _7\"></span>ny years af<span class=\"_ _7\"></span>ter the even<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>. A sig<span class=\"_ _7\"></span>nific<span class=\"_ _7\"></span>ant propo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tion of the cas<span class=\"_ _7\"></span>ualt<span class=\"_ _7\"></span>y insu<span class=\"_ _7\"></span>rance a<span class=\"_ _7\"></span>mounts re<span class=\"_ _7\"></span>ser<span class=\"_ _7\"></span>ved o<span class=\"_ _7\"></span>n the bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet may not be exp<span class=\"_ _7\"></span>ected to set<span class=\"_ _7\"></span>tle within 24 months of the bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et date. Conseq<span class=\"_ _7\"></span>uentl<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, our a<span class=\"_ _7\"></span>pproac<span class=\"_ _7\"></span>h is not to recogn<span class=\"_ _7\"></span>ise favourab<span class=\"_ _7\"></span>le expe<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>nce in the e<span class=\"_ _7\"></span>arl<span class=\"_ _7\"></span>y years of deve<span class=\"_ _7\"></span>lopme<span class=\"_ _7\"></span>nt in <span class=\"ls8 ws4\"> </span>the res<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vin<span class=\"_ _7\"></span>g proce<span class=\"_ _7\"></span>ss whe<span class=\"_ _7\"></span>n set<span class=\"_ _7\"></span>ting the boo<span class=\"_ _7\"></span>ked rese<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ve<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Cer<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ain mar<span class=\"_ _7\"></span>ine an<span class=\"_ _7\"></span>d prope<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>y ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts, such as those re<span class=\"_ _7\"></span>lating to subse<span class=\"_ _7\"></span>a and othe<span class=\"_ _7\"></span>r ene<span class=\"_ _7\"></span>rgy ass<span class=\"_ _7\"></span>ets and the related bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss interr<span class=\"_ _7\"></span>uption r<span class=\"_ _7\"></span>isks, can a<span class=\"_ _7\"></span>lso take lo<span class=\"_ _7\"></span>nger tha<span class=\"_ _7\"></span>n nor<span class=\"_ _7\"></span>mal to settl<span class=\"_ _7\"></span>e. This is be<span class=\"_ _7\"></span>caus<span class=\"_ _7\"></span>e of the leng<span class=\"_ _7\"></span>th of time requ<span class=\"_ _7\"></span>ired for deta<span class=\"_ _7\"></span>iled s<span class=\"_ _7\"></span>ubsea s<span class=\"_ _7\"></span>ur<span class=\"_ _7\"></span>veys to be carr<span class=\"_ _7\"></span>ied ou<span class=\"_ _7\"></span>t and da<span class=\"_ _7\"></span>mage assessme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>s agreed, t<span class=\"_ _9\"></span>ogether wit<span class=\"_ _9\"></span>h dif<span class=\"_ _7\"></span>ficulties in<span class=\"_ _9\"></span> predicting whe<span class=\"_ _7\"></span>n the ass<span class=\"_ _7\"></span>ets can be b<span class=\"_ _7\"></span>rought ba<span class=\"_ _7\"></span>ck into full prod<span class=\"_ _7\"></span>uction.<span class=\"_ _304\"> </span>For the inward<span class=\"_ _7\"></span>s reinsu<span class=\"_ _7\"></span>rance l<span class=\"_ _7\"></span>ines, the<span class=\"_ _7\"></span>re is of<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>n a time lag bet<span class=\"_ _7\"></span>ween the e<span class=\"_ _7\"></span>stab<span class=\"_ _7\"></span>lishm<span class=\"_ _7\"></span>ent and re<span class=\"_ _7\"></span>-esti<span class=\"_ _7\"></span>mate of case res<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ves and re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting to the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>. T<span class=\"_ _7\"></span>he Group wor<span class=\"_ _7\"></span>ks clos<span class=\"_ _7\"></span>ely wi<span class=\"_ _7\"></span>th<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>the rei<span class=\"_ _7\"></span>nsured to ens<span class=\"_ _7\"></span>ure timel<span class=\"_ _7\"></span>y repor<span class=\"_ _7\"></span>tin<span class=\"_ _7\"></span>g and als<span class=\"_ _7\"></span>o centra<span class=\"_ _7\"></span>lly ana<span class=\"_ _7\"></span>lyse<span class=\"_ _7\"></span>s industr<span class=\"_ _7\"></span>y l<span class=\"_ _7\"></span>oss data to veri<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>y the repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed re<span class=\"_ _7\"></span>ser<span class=\"_ _7\"></span>ve<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>The Group main<span class=\"_ _9\"></span>tains explicit<span class=\"_ _9\"></span> reser<span class=\"_ _7\"></span>ve uplifts t<span class=\"_ _9\"></span>o allow<span class=\"_ _9\"></span> for<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>the imp<span class=\"_ _7\"></span>act of high i<span class=\"_ _7\"></span>nflation in re<span class=\"_ _7\"></span>cent yea<span class=\"_ _7\"></span>rs. Loss rati<span class=\"_ _7\"></span>os <span class=\"ls8 ws4\"> </span>are al<span class=\"_ _7\"></span>so close<span class=\"_ _7\"></span>ly mon<span class=\"_ _7\"></span>itored to ensure th<span class=\"_ _7\"></span>ey includ<span class=\"_ _7\"></span>e an appropriat<span class=\"_ _9\"></span>e allowance f<span class=\"_ _9\"></span>or future in<span class=\"_ _9\"></span>flation.<span class=\"_ _304\"> </span>Loss<span class=\"_ _7\"></span>es from C<span class=\"_ _7\"></span>ovid-<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>9 continu<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o set<span class=\"_ _7\"></span>tle well w<span class=\"_ _7\"></span>ithin expe<span class=\"_ _7\"></span>ctations. A<span class=\"_ _7\"></span>s time pas<span class=\"_ _7\"></span>ses an<span class=\"_ _7\"></span>d lega<span class=\"_ _7\"></span>l case<span class=\"_ _7\"></span>s are grad<span class=\"_ _7\"></span>uall<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span> set<span class=\"_ _7\"></span>tled, the ou<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>com<span class=\"_ _7\"></span>e bec<span class=\"_ _7\"></span>omes m<span class=\"_ _7\"></span>ore cer<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>in and s<span class=\"_ _7\"></span>o the <span class=\"ls8 ws4\"> </span>level of ri<span class=\"_ _7\"></span>sk adjus<span class=\"_ _7\"></span>tment ab<span class=\"_ _7\"></span>ove the best e<span class=\"_ _7\"></span>stimate can <span class=\"ls8 ws4\"> </span>be r<span class=\"_ _9\"></span>educed.<span class=\"_ _304\"> </span>3.3 Financial risk Ove<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ew<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup is exp<span class=\"_ _7\"></span>osed to fina<span class=\"_ _7\"></span>ncial r<span class=\"_ _7\"></span>isk throu<span class=\"_ _7\"></span>gh its owne<span class=\"_ _7\"></span>rshi<span class=\"_ _7\"></span>p of<span class=\"_ _9\"></span> financial inst<span class=\"_ _9\"></span>ruments, includ<span class=\"_ _9\"></span>ing financial liabilities<span class=\"_ _9\"></span>. These items<span class=\"_ _9\"></span> collectively r<span class=\"_ _9\"></span>epresent a significant<span class=\"_ _9\"></span> eleme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span> of the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s net sha<span class=\"_ _7\"></span>rehol<span class=\"_ _7\"></span>der fu<span class=\"_ _7\"></span>nds. Th<span class=\"_ _7\"></span>e Group inves<span class=\"_ _7\"></span>ts in finan<span class=\"_ _7\"></span>cial as<span class=\"_ _7\"></span>sets in order t<span class=\"_ _9\"></span>o fund obliga<span class=\"_ _9\"></span>tions arising fr<span class=\"_ _9\"></span>om its insur<span class=\"_ _9\"></span>ance contract<span class=\"_ _9\"></span>s and financial liabilit<span class=\"_ _9\"></span>ies.<span class=\"_ _304\"> </span>The key fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l risk fo<span class=\"_ _7\"></span>r the Group i<span class=\"_ _7\"></span>s that the proc<span class=\"_ _7\"></span>eeds f<span class=\"_ _7\"></span>rom its fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets a<span class=\"_ _7\"></span>nd investme<span class=\"_ _7\"></span>nt resul<span class=\"_ _7\"></span>t gene<span class=\"_ _7\"></span>rated there<span class=\"_ _7\"></span>on are not su<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ficie<span class=\"_ _7\"></span>nt t<span class=\"_ _9\"></span>o fu<span class=\"_ _7\"></span>nd the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s oblig<span class=\"_ _7\"></span>ations. Th<span class=\"_ _7\"></span>e most impo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tant el<span class=\"_ _7\"></span>ements a<span class=\"_ _7\"></span>nd ec<span class=\"_ _7\"></span>onomi<span class=\"_ _7\"></span>c varia<span class=\"_ _7\"></span>bles th<span class=\"_ _7\"></span>at could re<span class=\"_ _7\"></span>sult in suc<span class=\"_ _7\"></span>h an outcom<span class=\"_ _7\"></span>e relate t<span class=\"_ _9\"></span>o the re<span class=\"_ _7\"></span>liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y of fair valu<span class=\"_ _7\"></span>e meas<span class=\"_ _7\"></span>ures, equ<span class=\"_ _7\"></span>ity p<span class=\"_ _7\"></span>rice r<span class=\"_ _7\"></span>isk, intere<span class=\"_ _7\"></span>st rate risk, cre<span class=\"_ _7\"></span>dit ri<span class=\"_ _7\"></span>sk, liqui<span class=\"_ _7\"></span>dit<span class=\"_ _7\"></span>y risk and c<span class=\"_ _7\"></span>urren<span class=\"_ _7\"></span>cy risk. T<span class=\"_ _7\"></span>he Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s polici<span class=\"_ _7\"></span>es an<span class=\"_ _7\"></span>d proced<span class=\"_ _7\"></span>ures for man<span class=\"_ _7\"></span>aging exp<span class=\"_ _7\"></span>osure to these s<span class=\"_ _7\"></span>pec<span class=\"_ _7\"></span>ific catego<span class=\"_ _7\"></span>ries of r<span class=\"_ _7\"></span>isk are detailed belo<span class=\"_ _9\"></span>w<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(a) Reli<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ty of fa<span class=\"_ _7\"></span>ir values<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s elec<span class=\"_ _7\"></span>ted t<span class=\"_ _9\"></span>o ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>y trade a<span class=\"_ _7\"></span>nd other re<span class=\"_ _7\"></span>ceiva<span class=\"_ _7\"></span>bles <span class=\"ls8 ws4\"> </span>at amo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>sed co<span class=\"_ _7\"></span>st and al<span class=\"_ _7\"></span>l financ<span class=\"_ _7\"></span>ial investm<span class=\"_ _7\"></span>ents at fair <span class=\"ls8 ws4\"> </span>value th<span class=\"_ _7\"></span>rough profit o<span class=\"_ _7\"></span>r loss a<span class=\"_ _7\"></span>s they are ma<span class=\"_ _7\"></span>naged a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span>evaluated o<span class=\"_ _7\"></span>n a fair valu<span class=\"_ _7\"></span>e basis i<span class=\"_ _7\"></span>n accord<span class=\"_ _7\"></span>ance w<span class=\"_ _7\"></span>ith a do<span class=\"_ _7\"></span>c<span class=\"_ _7\"></span>um<span class=\"_ _7\"></span>en<span class=\"_ _7\"></span>te<span class=\"_ _7\"></span>d st<span class=\"_ _7\"></span>ra<span class=\"_ _7\"></span>teg<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>. With th<span class=\"_ _7\"></span>e ex<span class=\"_ _9\"></span>ce<span class=\"_ _7\"></span>ption of any unq<span class=\"_ _7\"></span>uoted investmen<span class=\"_ _7\"></span>ts shown <span class=\"ls8 ws4\"> </span>in note 1<span class=\"_ _a\"></span>7<span class=\"_ _20\"></span>, all of the fi<span class=\"_ _7\"></span>nanci<span class=\"_ _7\"></span>al investm<span class=\"_ _7\"></span>ents hel<span class=\"_ _7\"></span>d by the Group <span class=\"ls8 ws4\"> </span>are avail<span class=\"_ _7\"></span>able to trade in m<span class=\"_ _7\"></span>arkets and th<span class=\"_ _7\"></span>e Group the<span class=\"_ _7\"></span>refore <span class=\"ls8 ws4\"> </span>see<span class=\"_ _7\"></span>ks to determine f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e by reference to pub<span class=\"_ _7\"></span>lishe<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span>prices or as derived b<span class=\"_ _9\"></span>y pricing v<span class=\"_ _9\"></span>endors using observable quotatio<span class=\"_ _7\"></span>ns in the mos<span class=\"_ _7\"></span>t active fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l markets in w<span class=\"_ _7\"></span>hich <span class=\"ls8 ws4\"> </span>the as<span class=\"_ _7\"></span>sets tra<span class=\"_ _7\"></span>de.<span class=\"_ _304\"> </span>The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e of financ<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>sets is mea<span class=\"_ _7\"></span>sured p<span class=\"_ _7\"></span>rima<span class=\"_ _7\"></span>rily w<span class=\"_ _7\"></span>ith refere<span class=\"_ _7\"></span>nce to their cl<span class=\"_ _7\"></span>osing m<span class=\"_ _7\"></span>arket pri<span class=\"_ _7\"></span>ces at the b<span class=\"_ _7\"></span>alanc<span class=\"_ _7\"></span>e she<span class=\"_ _7\"></span>et date. The abi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o obta<span class=\"_ _7\"></span>in quoted mar<span class=\"_ _7\"></span>ket pric<span class=\"_ _7\"></span>es may be reduced in periods of<span class=\"_ _9\"></span> diminished liquidity<span class=\"_ _9\"></span>. In<span class=\"_ _9\"></span> addition,<span class=\"_ _9\"></span> those q<span class=\"_ _7\"></span>uoted pric<span class=\"_ _7\"></span>es that may be avai<span class=\"_ _7\"></span>labl<span class=\"_ _7\"></span>e may repres<span class=\"_ _7\"></span>ent an unrealistic<span class=\"_ _9\"></span> propor<span class=\"_ _7\"></span>tion o<span class=\"_ _9\"></span>f market<span class=\"_ _9\"></span> holdings or individual trade si<span class=\"_ _7\"></span>zes that cou<span class=\"_ _7\"></span>ld not be read<span class=\"_ _7\"></span>ily availa<span class=\"_ _7\"></span>ble to the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>. In suc<span class=\"_ _7\"></span>h instan<span class=\"_ _7\"></span>ces, fai<span class=\"_ _7\"></span>r value<span class=\"_ _7\"></span>s may be determ<span class=\"_ _7\"></span>ined o<span class=\"_ _7\"></span>r par<span class=\"_ _7\"></span>tial<span class=\"_ _7\"></span>ly supplemented<span class=\"_ _9\"></span> using other<span class=\"_ _9\"></span> obser<span class=\"_ _7\"></span>vable mark<span class=\"_ _9\"></span>et inputs<span class=\"_ _9\"></span> such as pri<span class=\"_ _7\"></span>ces provi<span class=\"_ _7\"></span>ded by mar<span class=\"_ _7\"></span>ket makers s<span class=\"_ _7\"></span>uch as de<span class=\"_ _7\"></span>ale<span class=\"_ _7\"></span>rs and b<span class=\"_ _7\"></span>rokers, and p<span class=\"_ _7\"></span>rice<span class=\"_ _7\"></span>s achieve<span class=\"_ _7\"></span>d in the most re<span class=\"_ _7\"></span>cent re<span class=\"_ _7\"></span>gula<span class=\"_ _7\"></span>r transa<span class=\"_ _7\"></span>ction of iden<span class=\"_ _7\"></span>tical or c<span class=\"_ _7\"></span>lose<span class=\"_ _7\"></span>ly related in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nts occu<span class=\"_ _7\"></span>rrin<span class=\"_ _7\"></span>g before the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet date, but up<span class=\"_ _7\"></span>dated for releva<span class=\"_ _7\"></span>nt perce<span class=\"_ _7\"></span>ived changes in market condit<span class=\"_ _9\"></span>ions.<span class=\"_ _304\"> </span><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa9e\">V<span class=\"_ _9\"></span>alu<span class=\"_ _7\"></span>ation of sec<span class=\"_ _7\"></span>uriti<span class=\"_ _7\"></span>es will c<span class=\"_ _7\"></span>ontinue to be im<span class=\"_ _7\"></span>pacted by exter<span class=\"_ _7\"></span>nal </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa9f\">mar<span class=\"_ _7\"></span>ket factors incl<span class=\"_ _7\"></span>uding i<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rest rates, defau<span class=\"_ _7\"></span>lt rates, rating </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaa0\">age<span class=\"_ _7\"></span>ncy actio<span class=\"_ _7\"></span>ns and liq<span class=\"_ _7\"></span>uidit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>. The G<span class=\"_ _7\"></span>roup will m<span class=\"_ _7\"></span>ake adjustm<span class=\"_ _7\"></span>ents </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaa1\">to the investme<span class=\"_ _7\"></span>nt por<span class=\"_ _7\"></span>tfo<span class=\"_ _7\"></span>lio as ap<span class=\"_ _7\"></span>propr<span class=\"_ _7\"></span>iate as par<span class=\"_ _7\"></span>t of its overal<span class=\"_ _7\"></span>l<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaa2\">por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio strateg<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, b<span class=\"_ _7\"></span>ut its abi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o mi<span class=\"_ _7\"></span>tigate its risk by se<span class=\"_ _7\"></span>lling o<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls77 ws41 gsaa3\">hed<span class=\"_ _7\"></span>ging its exp<span class=\"_ _7\"></span>osure<span class=\"_ _7\"></span>s may be limi<span class=\"_ _7\"></span>ted by the market env<span class=\"_ _7\"></span>ironme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaa4\">The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s f<span class=\"_ _7\"></span>uture res<span class=\"_ _7\"></span>ults may be im<span class=\"_ _7\"></span>pacted, both <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaa5\">posi<span class=\"_ _7\"></span>tively a<span class=\"_ _7\"></span>nd neg<span class=\"_ _7\"></span>atively<span class=\"_ _9\"></span>, by the valuatio<span class=\"_ _7\"></span>n adjustm<span class=\"_ _7\"></span>ents <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsaa6\">applied t<span class=\"_ _9\"></span>o securities.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaa7\">Note 1<span class=\"_ _a\"></span>7 provide<span class=\"_ _7\"></span>s an an<span class=\"_ _7\"></span>alysi<span class=\"_ _7\"></span>s of the meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaa8\">attr<span class=\"_ _7\"></span>ibutes of the G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l instru<span class=\"_ _7\"></span>ments.<span class=\"_ _304\"> </span></div><div class=\"t m0 h4d ff68 fs7 fc3 sc0 ls39 ws43 gsaa9\">(b<span class=\"_ _9\"></span>) Price risk<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsaaa\">The Group is e<span class=\"_ _9\"></span>xposed to<span class=\"_ _9\"></span> price risk through its<span class=\"_ _9\"></span> holdings of<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaab\">equ<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>nd investme<span class=\"_ _7\"></span>nt fund<span class=\"_ _7\"></span>s. This is l<span class=\"_ _7\"></span>imited to a relative<span class=\"_ _7\"></span>ly </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsaac\">small and cont<span class=\"_ _9\"></span>rolled prop<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>tion o<span class=\"_ _9\"></span>f the o<span class=\"_ _9\"></span>verall in<span class=\"_ _9\"></span>vestment<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaad\">por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio a<span class=\"_ _7\"></span>nd the equ<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>nd investme<span class=\"_ _7\"></span>nt fun<span class=\"_ _7\"></span>ds involved <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsaae\">are div<span class=\"_ _9\"></span>ersified over a<span class=\"_ _9\"></span> number of companies and<span class=\"_ _9\"></span> industries.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaaf\">The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e of equiti<span class=\"_ _7\"></span>es and i<span class=\"_ _7\"></span>nvestment f<span class=\"_ _7\"></span>und as<span class=\"_ _7\"></span>sets in <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsab0\">the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et at 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023 was<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsab1\">$205 mill<span class=\"_ _7\"></span>ion (2022<span class=\"_ _9\"></span>: $339 mill<span class=\"_ _7\"></span>ion)<span class=\"_ _9\"></span>. A 1<span class=\"_ _9\"></span>0<span class=\"_ _9\"></span>% dow<span class=\"_ _7\"></span>nward corre<span class=\"_ _7\"></span>ction </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsab2\">in eq<span class=\"_ _7\"></span>uities a<span class=\"_ _7\"></span>nd investm<span class=\"_ _7\"></span>ent fun<span class=\"_ _7\"></span>d pric<span class=\"_ _7\"></span>es at 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsab3\">would h<span class=\"_ _7\"></span>av<span class=\"_ _9\"></span>e be<span class=\"_ _7\"></span>en exp<span class=\"_ _7\"></span>ected to reduc<span class=\"_ _7\"></span>e Group e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y and profi<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsab4\">af<span class=\"_ _7\"></span>ter ta<span class=\"_ _7\"></span>x by approxim<span class=\"_ _7\"></span>ately $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>8 milli<span class=\"_ _7\"></span>on (2<span class=\"_ _9\"></span>022: $30 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsab5\">The<span class=\"_ _7\"></span>se may be a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>ed as foll<span class=\"_ _7\"></span>ows<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gsab6\">Nature of e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y and investm<span class=\"_ _7\"></span>ent fund h<span class=\"_ _7\"></span>oldings</div><div class=\"gsab7\"><table class=\"s w1ab ha5\" id=\"_b53bd3ca-9eb1-4240-9052-b794ef0dc5a1\"><tr><td></td><td class=\"t m0 x1bb h8 y1f71 ff6a fs4 fc3 sc0 ls8 ws4\"> <span class=\"_ _61\"> </span><span class=\"ff64 fs28 fc2 ls9f wsb8\">20<span class=\"_ _7\"></span>23<span class=\"_ _304\"> </span></span></td><td class=\"t m0 x401 h44 y1f71 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x402 h43 y1f72 ff64 fs28 fc2 sc0 lsf0 ws13c\">% weighting<span class=\"_ _304\"> </span></td><td class=\"t m0 x403 h44 y1f72 ff5f fs28 fc2 sc0 lsed ws139\">% weighti<span class=\"_ _9\"></span>ng<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f73 w1ac h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Directly held<span class=\"_ _9\"></span> equit<span class=\"_ _7\"></span>y securities<span class=\"_ _304\"> </span></div></td><td class=\"c n x404 y1f73 w1ad h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">15<span class=\"_ _304\"> </span></div></td><td class=\"c n x405 y1f73 w1ae h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e78 w1af h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Equity funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x406 y1e78 w1b0 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">32<span class=\"_ _304\"> </span></div></td><td class=\"c n x407 y1e78 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">43<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f05 w1b1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Hedge funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x408 y1f05 w1b2 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">53<span class=\"_ _304\"> </span></div></td><td class=\"c n x409 y1f05 w1b3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws120\">49<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y1f74 ff64 fs7 fc2 sc0 ls3d ws46\">Geographic foc<span class=\"_ _9\"></span>us<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1e7d w1b4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Spe<span class=\"_ _7\"></span>cific UK m<span class=\"_ _7\"></span>andates<span class=\"_ _304\"> </span></div></td><td class=\"c n x40a y1e7d w1b5 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d wsf4\">39<span class=\"_ _304\"> </span></div></td><td class=\"c n x40b y1e7d w1b6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">22<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w1b7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Glo<span class=\"_ _7\"></span>bal man<span class=\"_ _7\"></span>dates<span class=\"_ _304\"> </span></div></td><td class=\"c n x40c y1e80 w1b8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8a wsa0\">61<span class=\"_ _304\"> </span></div></td><td class=\"c n x40d y1e80 w1b9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">78<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsab8\">The a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>ation of pri<span class=\"_ _7\"></span>ce ris<span class=\"_ _7\"></span>k is not heavi<span class=\"_ _7\"></span>ly confi<span class=\"_ _7\"></span>ned to any <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsab9\">one m<span class=\"_ _7\"></span>arket index so a<span class=\"_ _7\"></span>s to reduce the G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s exp<span class=\"_ _7\"></span>osure to </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsaba\">individual sensitivities<span class=\"_ _9\"></span>. W<span class=\"_ _9\"></span>e make alloca<span class=\"_ _9\"></span>tions t<span class=\"_ _9\"></span>o diversifying <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsabb\">and l<span class=\"_ _7\"></span>ess vol<span class=\"_ _7\"></span>atile strategie<span class=\"_ _7\"></span>s, such a<span class=\"_ _7\"></span>s absolu<span class=\"_ _7\"></span>te return strategi<span class=\"_ _7\"></span>es, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsabc\">so as to bala<span class=\"_ _7\"></span>nce ou<span class=\"_ _7\"></span>r desi<span class=\"_ _7\"></span>re t<span class=\"_ _9\"></span>o ma<span class=\"_ _7\"></span>x<span class=\"_ _7\"></span>imise retur<span class=\"_ _7\"></span>ns with the n<span class=\"_ _7\"></span>eed </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsabd\">t<span class=\"_ _9\"></span>o ensure capital is<span class=\"_ _9\"></span> available t<span class=\"_ _9\"></span>o support our underwriting </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsabe\">througho<span class=\"_ _9\"></span>ut any do<span class=\"_ _9\"></span>wnturn in financial mark<span class=\"_ _9\"></span>ets<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 h4d ff68 fs7 fc3 sc0 ls38 ws41 gsabf\">(c<span class=\"_ _9\"></span>) Interest r<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e ri<span class=\"_ _7\"></span>sk<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsac0\">Debt a<span class=\"_ _7\"></span>nd fixed inc<span class=\"_ _7\"></span>ome inves<span class=\"_ _7\"></span>tments rep<span class=\"_ _7\"></span>resent a s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsac1\">propo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tion of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s assets a<span class=\"_ _7\"></span>nd the Boa<span class=\"_ _7\"></span>rd continu<span class=\"_ _7\"></span>ally </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsac2\">moni<span class=\"_ _7\"></span>tors investme<span class=\"_ _7\"></span>nt strategy to minim<span class=\"_ _7\"></span>ise the r<span class=\"_ _7\"></span>isk of a fall in </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsac3\">the por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio\u2019<span class=\"_ _9\"></span>s market valu<span class=\"_ _7\"></span>e which c<span class=\"_ _7\"></span>ould af<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct the amo<span class=\"_ _7\"></span>unt </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsac4\">of busi<span class=\"_ _9\"></span>ness that the<span class=\"_ _9\"></span> Group is able<span class=\"_ _9\"></span> to underwrite or it<span class=\"_ _9\"></span>s ability </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsac5\">to settle c<span class=\"_ _7\"></span>laims a<span class=\"_ _7\"></span>s they fall d<span class=\"_ _7\"></span>ue. The fai<span class=\"_ _7\"></span>r value of the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsac6\">investme<span class=\"_ _7\"></span>nt por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio of de<span class=\"_ _7\"></span>bt and fixed in<span class=\"_ _7\"></span>come h<span class=\"_ _7\"></span>olding<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsac7\">is nor<span class=\"_ _7\"></span>mall<span class=\"_ _7\"></span>y inverse<span class=\"_ _7\"></span>ly cor<span class=\"_ _7\"></span>related to moveme<span class=\"_ _7\"></span>nts in market <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsac8\">interest r<span class=\"_ _7\"></span>ates. If market intere<span class=\"_ _7\"></span>st rates ris<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, the fa<span class=\"_ _7\"></span>ir value <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsac9\">of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s debt and fi<span class=\"_ _7\"></span>xed inco<span class=\"_ _7\"></span>me investme<span class=\"_ _7\"></span>nts would <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaca\">tend to fall an<span class=\"_ _7\"></span>d vice ve<span class=\"_ _7\"></span>rsa if c<span class=\"_ _7\"></span>redit s<span class=\"_ _7\"></span>preads re<span class=\"_ _7\"></span>maine<span class=\"_ _7\"></span>d cons<span class=\"_ _7\"></span>tant.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsacb\">Debt a<span class=\"_ _7\"></span>nd fixed inc<span class=\"_ _7\"></span>ome as<span class=\"_ _7\"></span>sets are pre<span class=\"_ _7\"></span>domin<span class=\"_ _7\"></span>antly inves<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed i<span class=\"_ _7\"></span>n </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsacc\">high-quality corporate<span class=\"_ _9\"></span>, gov<span class=\"_ _9\"></span>ernme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span> and asset<span class=\"_ _9\"></span>-backed<span class=\"_ _9\"></span> bonds. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsacd\">The i<span class=\"_ _7\"></span>nvestments t<span class=\"_ _7\"></span>yp<span class=\"_ _7\"></span>icall<span class=\"_ _7\"></span>y have relative<span class=\"_ _7\"></span>ly shor<span class=\"_ _7\"></span>t d<span class=\"_ _7\"></span>urations a<span class=\"_ _7\"></span>nd </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsace\">terms to matur<span class=\"_ _7\"></span>ity<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>e por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio is ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o min<span class=\"_ _7\"></span>imise th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsacf\">impac<span class=\"_ _7\"></span>t of interest rate ris<span class=\"_ _7\"></span>k on antic<span class=\"_ _7\"></span>ipated Group c<span class=\"_ _7\"></span>ash flows. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsad0\">The G<span class=\"_ _7\"></span>roup may al<span class=\"_ _7\"></span>so<span class=\"_ _9\"></span>, f<span class=\"_ _7\"></span>rom time to time, enter into interest rate </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsad1\">futu<span class=\"_ _7\"></span>re contrac<span class=\"_ _7\"></span>ts in order to redu<span class=\"_ _7\"></span>ce interes<span class=\"_ _7\"></span>t rate risk on sp<span class=\"_ _7\"></span>ecifi<span class=\"_ _7\"></span>c </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsad2\">por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folios. T<span class=\"_ _7\"></span>he fair va<span class=\"_ _7\"></span>lue of de<span class=\"_ _7\"></span>bt and fixed inc<span class=\"_ _7\"></span>ome as<span class=\"_ _7\"></span>sets <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsad3\">in the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet at 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2023 was <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsad4\">$6,334 mil<span class=\"_ _7\"></span>lion (2022<span class=\"_ _9\"></span>: $5,<span class=\"_ _9\"></span>42<span class=\"_ _9\"></span>7 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>. The<span class=\"_ _7\"></span>se may be an<span class=\"_ _7\"></span>alyse<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws84 gsad5\">be<span class=\"_ _7\"></span>low as<span class=\"_ _7\"></span> foll<span class=\"_ _7\"></span>ows:<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gsad6\">Nature of d<span class=\"_ _7\"></span>ebt and fi<span class=\"_ _7\"></span>x<span class=\"_ _9\"></span>ed in<span class=\"_ _7\"></span>come ho<span class=\"_ _7\"></span>ldings<span class=\"_ _304\"> </span></div><div class=\"gsad7\"><table class=\"s w19e ha4\" id=\"_c5fca8c1-acbe-4866-855c-102850e9036c\"><tr><td></td><td class=\"t m0 x3ef h43 y1f6c ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x3f0 h44 y1f6c ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3f1 h43 y1f6d ff64 fs28 fc2 sc0 lsf0 ws13c\">% weighting<span class=\"_ _304\"> </span></td><td class=\"t m0 x3f2 h44 y1f6d ff5f fs28 fc2 sc0 lsed ws139\">% weighti<span class=\"_ _9\"></span>ng<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f6e w19f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls99 wsb0\">Gov<span class=\"_ _9\"></span>ernment<span class=\"_ _9\"></span> issued<span class=\"_ _304\"> </span></div></td><td class=\"c n x3f3 y1f6e w1a0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20<span class=\"_ _304\"> </span></div></td><td class=\"c n x3f4 y1f6e w1a1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws11c\">20<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f6f w1a2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Agen<span class=\"_ _7\"></span>cy and gover<span class=\"_ _7\"></span>nme<span class=\"_ _7\"></span>nt suppo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed<span class=\"_ _304\"> </span></div></td><td class=\"c n x3f5 y1f6f w1a3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">4<span class=\"_ _304\"> </span></div></td><td class=\"c n x3f6 y1f6f w1a3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f70 w1a4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Asset<span class=\"_ _9\"></span>-back<span class=\"_ _9\"></span>ed securities<span class=\"_ _304\"> </span></div></td><td class=\"c n x3f7 y1f70 w1a3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">8<span class=\"_ _304\"> </span></div></td><td class=\"c n x3f8 y1f70 w1a3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f41 w1a5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws46\">Mor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>gage-back<span class=\"_ _9\"></span>ed inst<span class=\"_ _9\"></span>ruments<span class=\"_ _304\"> </span></div></td><td class=\"c n x3f9 y1f41 w1a3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">6<span class=\"_ _304\"> </span></div></td><td class=\"c n x3fa y1f41 w1a3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f42 w14f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Corporate<span class=\"_ _9\"></span> bonds<span class=\"_ _304\"> </span></div></td><td class=\"c n x3fb y1f42 w1a6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls13f wsec\">60<span class=\"_ _304\"> </span></div></td><td class=\"c n x3fc y1f42 w1a7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws10a\">64<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f61 w1a8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Lloyd\u2019<span class=\"_ _9\"></span>s depo<span class=\"_ _7\"></span>sits and b<span class=\"_ _7\"></span>ond fu<span class=\"_ _7\"></span>nds<span class=\"_ _304\"> </span></div></td><td class=\"c n x3fd y1f61 w1a3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">1<span class=\"_ _304\"> </span></div></td><td class=\"c n x3fe y1f61 w1a3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w1a9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Credit funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ff y1e80 w1aa h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">1<span class=\"_ _304\"> </span></div></td><td class=\"c n x400 y1e80 w1aa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">2<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsad8\">One m<span class=\"_ _7\"></span>ethod of ass<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>ing interes<span class=\"_ _7\"></span>t rate sensiti<span class=\"_ _7\"></span>vit<span class=\"_ _7\"></span>y is throug<span class=\"_ _7\"></span>h </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsad9\">the e<span class=\"_ _9\"></span>xamination<span class=\"_ _9\"></span> of dura<span class=\"_ _9\"></span>tion-conv<span class=\"_ _9\"></span>exity fact<span class=\"_ _9\"></span>ors in the underlying<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsada\">por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio. Durati<span class=\"_ _7\"></span>on is the weig<span class=\"_ _7\"></span>hted average le<span class=\"_ _7\"></span>ngth of time </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsadb\">requ<span class=\"_ _7\"></span>ired for an i<span class=\"_ _7\"></span>nstrum<span class=\"_ _7\"></span>ent\u2019<span class=\"_ _9\"></span>s cas<span class=\"_ _7\"></span>h flow stream to be rec<span class=\"_ _7\"></span>overed, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsadc\">whe<span class=\"_ _7\"></span>re the weighti<span class=\"_ _7\"></span>ngs involve<span class=\"_ _7\"></span>d are base<span class=\"_ _7\"></span>d on the dis<span class=\"_ _7\"></span>counted </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsadd\">pres<span class=\"_ _7\"></span>ent valu<span class=\"_ _7\"></span>es of eac<span class=\"_ _7\"></span>h cash flow<span class=\"_ _9\"></span>. A cl<span class=\"_ _7\"></span>osely re<span class=\"_ _7\"></span>lated con<span class=\"_ _7\"></span>cept,<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsade\">modified durat<span class=\"_ _9\"></span>ion, measur<span class=\"_ _9\"></span>es the sensitivity of<span class=\"_ _9\"></span> the inst<span class=\"_ _9\"></span>rument\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsadf\">pri<span class=\"_ _7\"></span>ce to a chang<span class=\"_ _7\"></span>e in its yie<span class=\"_ _7\"></span>ld to maturit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>. Convexit<span class=\"_ _7\"></span>y mea<span class=\"_ _7\"></span>sures </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsae0\">the se<span class=\"_ _7\"></span>nsitiv<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y of modifie<span class=\"_ _7\"></span>d duratio<span class=\"_ _7\"></span>n t<span class=\"_ _9\"></span>o ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s in the yi<span class=\"_ _7\"></span>eld to<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsae1\">maturity<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> Using these thr<span class=\"_ _9\"></span>ee concepts, scenario modelling<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsae2\">der<span class=\"_ _7\"></span>ives the b<span class=\"_ _7\"></span>elow es<span class=\"_ _7\"></span>timated impac<span class=\"_ _7\"></span>t on instr<span class=\"_ _7\"></span>uments\u2019 fair val<span class=\"_ _7\"></span>ues </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsae3\">for a 1<span class=\"_ _9\"></span>00 ba<span class=\"_ _7\"></span>sis poi<span class=\"_ _7\"></span>nt chan<span class=\"_ _7\"></span>ge in the term s<span class=\"_ _7\"></span>tructure of m<span class=\"_ _7\"></span>arket </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls78 ws116 gsae4\">in<span class=\"_ _7\"></span>ter<span class=\"_ _7\"></span>e<span class=\"_ _7\"></span>st r<span class=\"_ _7\"></span>ate<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsae5\">The Group has<span class=\"_ _9\"></span> used a durat<span class=\"_ _9\"></span>ion-conve<span class=\"_ _9\"></span>xit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>-based sensitivity </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsae6\">ana<span class=\"_ _7\"></span>lysis for th<span class=\"_ _7\"></span>e debt an<span class=\"_ _7\"></span>d fixed inco<span class=\"_ _7\"></span>me hold<span class=\"_ _7\"></span>ings, an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsae7\">recalculat<span class=\"_ _9\"></span>ed the discoun<span class=\"_ _9\"></span>ting impa<span class=\"_ _9\"></span>ct for t<span class=\"_ _9\"></span>he reinsurance<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsae8\">contract<span class=\"_ _9\"></span> assets and i<span class=\"_ _9\"></span>nsurance contra<span class=\"_ _9\"></span>ct liabilities.<span class=\"_ _9\"></span> If marke<span class=\"_ _9\"></span>t </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsae9\">interest r<span class=\"_ _7\"></span>ates had incre<span class=\"_ _7\"></span>ase<span class=\"_ _7\"></span>d or dec<span class=\"_ _7\"></span>rease<span class=\"_ _7\"></span>d by 1<span class=\"_ _a\"></span>0<span class=\"_ _7\"></span>0 basi<span class=\"_ _7\"></span>s points </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaea\">at the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet date, the Grou<span class=\"_ _7\"></span>p equi<span class=\"_ _7\"></span>ty an<span class=\"_ _7\"></span>d profit af<span class=\"_ _7\"></span>ter ta<span class=\"_ _7\"></span>x </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaeb\">for the yea<span class=\"_ _7\"></span>r might h<span class=\"_ _7\"></span>ave been exp<span class=\"_ _7\"></span>ected to dec<span class=\"_ _7\"></span>rease or i<span class=\"_ _7\"></span>ncrea<span class=\"_ _7\"></span>se </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsaec\">by t<span class=\"_ _9\"></span>he following<span class=\"_ _9\"></span> amounts<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"gsaed\"><table class=\"s w1ba ha6\" id=\"_95a0bccb-360e-42dd-b133-b47dfce04f30\"><tr><td></td><td class=\"t m0 x40e h43 y1f75 ff64 fs28 fc2 sc0 lsf0 ws13c\">1<span class=\"_ _9\"></span>% increase/decrease in interest rates<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x40f h43 y1f76 ff64 fs28 fc2 sc0 ls117 ws17c\">Equity/profit after tax<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x355 h25 y1f77 ff64 fs7 fc2 sc0 ls38 ws41\">3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x354 h43 y1f77 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f42 w1bb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Reinsurance cont<span class=\"_ _9\"></span>ract held asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x410 y1f42 w1bc h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d wsf4\">(34<span class=\"_ _9\"></span>)/34<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e7d w1bd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance cont<span class=\"_ _9\"></span>ract liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n x411 y1e7d w1be h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">87<span class=\"_ _9\"></span>/(87<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w1bf h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls89 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x412 y1e80 w1c0 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8a wsa0\">(<span class=\"_ _7\"></span>91)/<span class=\"_ _7\"></span>91<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"gsaee\"><table class=\"s w1c1 ha7\" id=\"_c96e3db1-503c-45bb-92f9-9d4cbc385941\"><tr><td></td><td class=\"t m0 x413 h44 y1f78 ff5f fs28 fc2 sc0 lsf3 ws1d9\">1<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span> increase/<span class=\"_ _9\"></span>decrease in in<span class=\"_ _9\"></span>terest ra<span class=\"_ _9\"></span>tes<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x414 h44 y1f79 ff5f fs28 fc2 sc0 lsed ws139\">Equity/<span class=\"_ _9\"></span>profit after tax<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x355 he y1f7a ff5f fs7 fc2 sc0 ls38 ws41\">3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022 (restated)<span class=\"_ _304\"> </span></td><td class=\"t m0 x354 h44 y1f7a ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f42 w1bb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Reinsurance cont<span class=\"_ _9\"></span>ract held asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x415 y1f42 w1c2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(43<span class=\"_ _9\"></span>)/<span class=\"_ _a\"></span>43<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e7d w1bd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance cont<span class=\"_ _9\"></span>ract liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n x416 y1e7d w1c3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls74 ws82\">92/(92<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w1bf h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls89 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x417 y1e80 w1c4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws11c\">(77<span class=\"_ _7\"></span>)/77<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsaef\">The liability for inc<span class=\"_ _9\"></span>urred claims, r<span class=\"_ _9\"></span>einsurance assets<span class=\"_ _9\"></span> for incurred<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaf0\">cla<span class=\"_ _7\"></span>ims and c<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>tain re<span class=\"_ _7\"></span>insur<span class=\"_ _7\"></span>ance a<span class=\"_ _7\"></span>ssets for rem<span class=\"_ _7\"></span>ainin<span class=\"_ _7\"></span>g coverage </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaf1\">are su<span class=\"_ _7\"></span>bject to disc<span class=\"_ _7\"></span>ounting. Ple<span class=\"_ _7\"></span>ase refer to note 2<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>8(a) for </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaf2\">fur<span class=\"_ _7\"></span>th<span class=\"_ _7\"></span>er deta<span class=\"_ _7\"></span>ils rega<span class=\"_ _7\"></span>rding the d<span class=\"_ _7\"></span>iscou<span class=\"_ _7\"></span>nt rate used.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaf3\">At 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 202<span class=\"_ _9\"></span>3, the Gro<span class=\"_ _7\"></span>up had bor<span class=\"_ _7\"></span>rowings at n<span class=\"_ _7\"></span>omina<span class=\"_ _7\"></span>l </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaf4\">value of \u00a352<span class=\"_ _9\"></span>5 mil<span class=\"_ _7\"></span>lion (2022<span class=\"_ _9\"></span>: \u00a35<span class=\"_ _9\"></span>25 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>). The bor<span class=\"_ _7\"></span>rowings </div>com<span class=\"_ _7\"></span>prise<span class=\"_ _7\"></span>d \u00a35<span class=\"_ _9\"></span>25 millio<span class=\"_ _7\"></span>n (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>: \u00a352<span class=\"_ _9\"></span>5 milli<span class=\"_ _7\"></span>on) of long-term <span class=\"ls8 ws4\"> </span>debt, whi<span class=\"_ _7\"></span>ch inclu<span class=\"_ _7\"></span>des t<span class=\"_ _7\"></span>wo listed ins<span class=\"_ _7\"></span>trume<span class=\"_ _7\"></span>nts of \u00a327<span class=\"_ _a\"></span>5 m<span class=\"_ _7\"></span>illio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>and \u00a3<span class=\"_ _7\"></span>2<span class=\"_ _9\"></span>50 mil<span class=\"_ _7\"></span>lion, as exp<span class=\"_ _7\"></span>laine<span class=\"_ _7\"></span>d in note 1<span class=\"_ _a\"></span>4<span class=\"_ _9\"></span>: the fir<span class=\"_ _7\"></span>st bein<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>fixed-to-floating rate call<span class=\"_ _7\"></span>able s<span class=\"_ _7\"></span>ubordin<span class=\"_ _7\"></span>ated notes where th<span class=\"_ _7\"></span>e floating r<span class=\"_ _7\"></span>ate becom<span class=\"_ _7\"></span>es ef<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ve from Novemb<span class=\"_ _7\"></span>er 202<span class=\"_ _9\"></span>5; the sec<span class=\"_ _7\"></span>ond be<span class=\"_ _7\"></span>ing fixed rate notes matur<span class=\"_ _7\"></span>ing in Se<span class=\"_ _7\"></span>ptember 2027<span class=\"_ _20\"></span>. <span class=\"ls8 ws4\"> </span>The G<span class=\"_ _7\"></span>roup al<span class=\"_ _7\"></span>so has a revolv<span class=\"_ _7\"></span>ing cre<span class=\"_ _7\"></span>dit faci<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y of $60<span class=\"_ _7\"></span>0 millio<span class=\"_ _7\"></span>n (202<span class=\"_ _9\"></span>2: $60<span class=\"_ _7\"></span>0 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>), which is $<span class=\"_ _7\"></span>nil drawn (2022<span class=\"_ _9\"></span>: $n<span class=\"_ _7\"></span>il) and, therefo<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span>, is not p<span class=\"_ _7\"></span>resenti<span class=\"_ _7\"></span>ng interest rate ri<span class=\"_ _7\"></span>sk. The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> no ot<span class=\"_ _9\"></span>her significant borro<span class=\"_ _9\"></span>wings or o<span class=\"_ _9\"></span>ther assets<span class=\"_ _9\"></span> or liabilities<span class=\"_ _9\"></span> car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying i<span class=\"_ _7\"></span>nterest rate ris<span class=\"_ _7\"></span>k, other than th<span class=\"_ _7\"></span>e facili<span class=\"_ _7\"></span>ties and L<span class=\"_ _7\"></span>etters <span class=\"ls8 ws4\"> </span>of Credi<span class=\"_ _7\"></span>t (L<span class=\"_ _9\"></span>OCs) outli<span class=\"_ _7\"></span>ned in note 27<span class=\"_ _e\"></span>.<span class=\"_ _304\"> </span>(d) Credi<span class=\"_ _7\"></span>t risk<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s exposu<span class=\"_ _7\"></span>re t<span class=\"_ _9\"></span>o cre<span class=\"_ _7\"></span>dit ris<span class=\"_ _7\"></span>k, whic<span class=\"_ _7\"></span>h is the ris<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>that a cou<span class=\"_ _7\"></span>nterpar<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y wil<span class=\"_ _7\"></span>l suf<span class=\"_ _7\"></span>fer a de<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>ioratio<span class=\"_ _7\"></span>n in actua<span class=\"_ _7\"></span>l or perc<span class=\"_ _7\"></span>eived fi<span class=\"_ _7\"></span>nanci<span class=\"_ _7\"></span>al stren<span class=\"_ _7\"></span>gth and be u<span class=\"_ _7\"></span>nabl<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o pay am<span class=\"_ _7\"></span>ounts <span class=\"ls8 ws4\"> </span>in fu<span class=\"_ _7\"></span>ll whe<span class=\"_ _7\"></span>n due, or that for any othe<span class=\"_ _7\"></span>r reaso<span class=\"_ _7\"></span>n they rene<span class=\"_ _7\"></span>ge <span class=\"ls8 ws4\"> </span>on a co<span class=\"_ _7\"></span>ntract or al<span class=\"_ _7\"></span>ter the terms of an a<span class=\"_ _7\"></span>greem<span class=\"_ _7\"></span>ent. The con<span class=\"_ _7\"></span>centratio<span class=\"_ _7\"></span>ns of credi<span class=\"_ _7\"></span>t risk exp<span class=\"_ _7\"></span>osure<span class=\"_ _7\"></span>s held by insu<span class=\"_ _7\"></span>rers <span class=\"ls8 ws4\"> </span>may be exp<span class=\"_ _7\"></span>ected to be greater th<span class=\"_ _7\"></span>an those a<span class=\"_ _7\"></span>ssoc<span class=\"_ _7\"></span>iated with <span class=\"ls8 ws4\"> </span>other in<span class=\"_ _7\"></span>dustri<span class=\"_ _7\"></span>es, due to the sp<span class=\"_ _7\"></span>ecific n<span class=\"_ _7\"></span>ature of reinsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> mar<span class=\"_ _7\"></span>kets and the ex<span class=\"_ _7\"></span>tent of investments h<span class=\"_ _7\"></span>eld in fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al mar<span class=\"_ _7\"></span>kets. In both markets, the Grou<span class=\"_ _7\"></span>p interacts wi<span class=\"_ _7\"></span>th a numbe<span class=\"_ _7\"></span>r of counter<span class=\"_ _7\"></span>par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s who are e<span class=\"_ _7\"></span>ngage<span class=\"_ _7\"></span>d in simi<span class=\"_ _7\"></span>lar acti<span class=\"_ _7\"></span>vitie<span class=\"_ _7\"></span>s with simi<span class=\"_ _7\"></span>lar cus<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>om<span class=\"_ _7\"></span>er profile<span class=\"_ _7\"></span>s, and of<span class=\"_ _7\"></span>ten in the sa<span class=\"_ _7\"></span>me ge<span class=\"_ _7\"></span>ograp<span class=\"_ _7\"></span>hica<span class=\"_ _7\"></span>l<span class=\"_ _9\"></span> area<span class=\"_ _7\"></span>s and in<span class=\"_ _7\"></span>dustr<span class=\"_ _7\"></span>y se<span class=\"_ _7\"></span>ctors. Cons<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>ntly<span class=\"_ _a\"></span>, a<span class=\"_ _7\"></span>s many of thes<span class=\"_ _7\"></span>e counterparties are themselves e<span class=\"_ _9\"></span>xposed to similar<span class=\"_ _9\"></span> economic characteristics<span class=\"_ _9\"></span>, one single localised or macr<span class=\"_ _9\"></span>oeconomic <span class=\"ls8 ws4\"> </span>cha<span class=\"_ _7\"></span>nge cou<span class=\"_ _7\"></span>ld severe<span class=\"_ _7\"></span>ly disr<span class=\"_ _7\"></span>upt the abi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y of a signifi<span class=\"_ _7\"></span>cant <span class=\"ls8 ws4\"> </span>numb<span class=\"_ _7\"></span>er of cou<span class=\"_ _7\"></span>nterpar<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s to meet the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s agree<span class=\"_ _7\"></span>d contract<span class=\"_ _9\"></span>ual terms and<span class=\"_ _9\"></span> obligations<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Key areas of exp<span class=\"_ _7\"></span>osure to credi<span class=\"_ _7\"></span>t risk i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A  <span class=\"_ _a\"></span><span class=\"ff5f ls39 ws43\">reinsurance asset f<span class=\"_ _9\"></span>or incurred claims including<span class=\"_ _9\"></span> </span> <span class=\"_ _c0\"> </span>am<span class=\"_ _7\"></span>ounts due f<span class=\"_ _7\"></span>rom reins<span class=\"_ _7\"></span>urers i<span class=\"_ _7\"></span>n respe<span class=\"_ _7\"></span>ct of cla<span class=\"_ _7\"></span>ims <span class=\"ls8 ws4\"> </span> <span class=\"_ _c0\"> </span>already pai<span class=\"_ _9\"></span>d;<span class=\"_ _304\"> </span>A<span class=\"_ _8\"> </span><span class=\"ff68 ws19c\">  <span class=\"_ _a\"></span><span class=\"ff5f ls38 ws41\">a<span class=\"_ _7\"></span>mounts du<span class=\"_ _7\"></span>e from ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>t holde<span class=\"_ _7\"></span>rs; and<span class=\"_ _304\"> </span></span></span>A  <span class=\"_ _a\"></span><span class=\"ff5f ls38 ws41\">cou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y risk w<span class=\"_ _7\"></span>ith res<span class=\"_ _7\"></span>pect to investme<span class=\"_ _7\"></span>nts, der<span class=\"_ _7\"></span>ivative </span>transact<span class=\"_ _9\"></span>ions and catast<span class=\"_ _9\"></span>rophe bonds<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s ma<span class=\"_ _7\"></span>x<span class=\"_ _7\"></span>imum exp<span class=\"_ _7\"></span>osure to credi<span class=\"_ _7\"></span>t risk is re<span class=\"_ _7\"></span>pres<span class=\"_ _7\"></span>ented by the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying va<span class=\"_ _7\"></span>lues of fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al ass<span class=\"_ _7\"></span>ets and rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce ass<span class=\"_ _7\"></span>ets inclu<span class=\"_ _7\"></span>ded in the c<span class=\"_ _7\"></span>onsol<span class=\"_ _7\"></span>idated bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet at any give<span class=\"_ _7\"></span>n point in tim<span class=\"_ _7\"></span>e. The Grou<span class=\"_ _7\"></span>p does n<span class=\"_ _7\"></span>ot use cred<span class=\"_ _7\"></span>it der<span class=\"_ _7\"></span>ivatives or other p<span class=\"_ _7\"></span>roducts to mitig<span class=\"_ _7\"></span>ate max<span class=\"_ _7\"></span>imum c<span class=\"_ _7\"></span>redit r<span class=\"_ _7\"></span>isk expo<span class=\"_ _7\"></span>sures on rei<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce ass<span class=\"_ _7\"></span>ets, but col<span class=\"_ _7\"></span>lateral may be re<span class=\"_ _7\"></span>que<span class=\"_ _7\"></span>sted t<span class=\"_ _9\"></span>o be hel<span class=\"_ _7\"></span>d agains<span class=\"_ _7\"></span>t these a<span class=\"_ _7\"></span>ssets. Th<span class=\"_ _7\"></span>e Group str<span class=\"_ _7\"></span>ucture<span class=\"_ _7\"></span>s the levels of cred<span class=\"_ _7\"></span>it risk a<span class=\"_ _7\"></span>ccepted by pl<span class=\"_ _7\"></span>acing lim<span class=\"_ _7\"></span>its on its exp<span class=\"_ _7\"></span>osure to a singl<span class=\"_ _7\"></span>e cou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, o<span class=\"_ _7\"></span>r groups of co<span class=\"_ _7\"></span>unterpa<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>es, and h<span class=\"_ _7\"></span>aving reg<span class=\"_ _7\"></span>ard to<span class=\"_ _9\"></span> geo<span class=\"_ _7\"></span>grap<span class=\"_ _7\"></span>hical l<span class=\"_ _7\"></span>ocatio<span class=\"_ _7\"></span>ns. Such r<span class=\"_ _7\"></span>isks are su<span class=\"_ _7\"></span>bject to an a<span class=\"_ _7\"></span>nnual o<span class=\"_ _7\"></span>r more f<span class=\"_ _7\"></span>requ<span class=\"_ _7\"></span>ent revi<span class=\"_ _7\"></span>ew<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The<span class=\"_ _7\"></span>re is no si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant con<span class=\"_ _7\"></span>centratio<span class=\"_ _7\"></span>n of credit r<span class=\"_ _7\"></span>isk wi<span class=\"_ _7\"></span>th respe<span class=\"_ _7\"></span>ct to trade and othe<span class=\"_ _7\"></span>r rece<span class=\"_ _7\"></span>ivable<span class=\"_ _7\"></span>s, as the Gro<span class=\"_ _7\"></span>up has a la<span class=\"_ _7\"></span>rge num<span class=\"_ _7\"></span>ber of internati<span class=\"_ _7\"></span>onall<span class=\"_ _7\"></span>y dispe<span class=\"_ _7\"></span>rse<span class=\"_ _7\"></span>d debtors wi<span class=\"_ _7\"></span>th unrelated o<span class=\"_ _7\"></span>peratio<span class=\"_ _7\"></span>ns. Rei<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce is use<span class=\"_ _7\"></span>d to contain i<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce ris<span class=\"_ _7\"></span>k. This d<span class=\"_ _7\"></span>oes not, however<span class=\"_ _a\"></span>, di<span class=\"_ _7\"></span>scha<span class=\"_ _7\"></span>rge the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s liabi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y as prim<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y insu<span class=\"_ _7\"></span>rer<span class=\"_ _a\"></span>. If a reins<span class=\"_ _7\"></span>urer fa<span class=\"_ _7\"></span>ils to pay a claim for a<span class=\"_ _7\"></span>ny reason, the G<span class=\"_ _7\"></span>roup rem<span class=\"_ _7\"></span>ains liable for<span class=\"_ _9\"></span> the pa<span class=\"_ _9\"></span>yment to<span class=\"_ _9\"></span> the policyholder<span class=\"_ _a\"></span>. The cr<span class=\"_ _9\"></span>edit<span class=\"_ _7\"></span>worthiness of reins<span class=\"_ _7\"></span>urer<span class=\"_ _7\"></span>s is therefo<span class=\"_ _7\"></span>re contin<span class=\"_ _7\"></span>uall<span class=\"_ _7\"></span>y reviewed<span class=\"_ _7\"></span> through<span class=\"_ _7\"></span>out <span class=\"ls8 ws4\"> </span>t<span class=\"_ _8\"></span>h<span class=\"_ _8\"></span>e<span class=\"_ _8\"></span> y<span class=\"_ _8\"></span>e<span class=\"_ _8\"></span>a<span class=\"_ _2c\"></span>r.<span class=\"_ _304\"> </span>The Group Reinsurance Credit Committ<span class=\"_ _9\"></span>ee (RCC) assesses <span class=\"ls8 ws4\"> </span>the cre<span class=\"_ _7\"></span>dit<span class=\"_ _7\"></span>wor<span class=\"_ _7\"></span>thin<span class=\"_ _7\"></span>ess of al<span class=\"_ _7\"></span>l reins<span class=\"_ _7\"></span>urers by rev<span class=\"_ _7\"></span>iewin<span class=\"_ _7\"></span>g credi<span class=\"_ _7\"></span>t grad<span class=\"_ _7\"></span>es provid<span class=\"_ _7\"></span>ed by rating age<span class=\"_ _7\"></span>ncie<span class=\"_ _7\"></span>s and othe<span class=\"_ _7\"></span>r publi<span class=\"_ _7\"></span>cly availa<span class=\"_ _7\"></span>ble financial inf<span class=\"_ _9\"></span>ormation detail<span class=\"_ _9\"></span>ing their financial<span class=\"_ _9\"></span> strength and<span class=\"_ _9\"></span> per<span class=\"_ _7\"></span>fo<span class=\"_ _7\"></span>rman<span class=\"_ _7\"></span>ce, as well as d<span class=\"_ _7\"></span>etaile<span class=\"_ _7\"></span>d anal<span class=\"_ _7\"></span>ysis fro<span class=\"_ _7\"></span>m the Group\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> ana<span class=\"_ _7\"></span>lysis tea<span class=\"_ _7\"></span>m. The fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l anal<span class=\"_ _7\"></span>ysis of reins<span class=\"_ _7\"></span>urers p<span class=\"_ _7\"></span>roduce<span class=\"_ _7\"></span>s an ass<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>ment categ<span class=\"_ _7\"></span>orise<span class=\"_ _7\"></span>d by factors inc<span class=\"_ _7\"></span>ludin<span class=\"_ _7\"></span>g their S&amp;<span class=\"_ _7\"></span>P rating (<span class=\"_ _9\"></span>or equivalent when no<span class=\"_ _9\"></span>t av<span class=\"_ _9\"></span>ailable from S&amp;P<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>De<span class=\"_ _7\"></span>spite the ri<span class=\"_ _7\"></span>gorous natu<span class=\"_ _7\"></span>re of this ass<span class=\"_ _7\"></span>essm<span class=\"_ _7\"></span>ent exercise, an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> the res<span class=\"_ _7\"></span>ultant re<span class=\"_ _7\"></span>stric<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed r<span class=\"_ _7\"></span>ange of rei<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce cou<span class=\"_ _7\"></span>nterpar<span class=\"_ _7\"></span>ti<span class=\"_ _7\"></span>es with ac<span class=\"_ _7\"></span>cepta<span class=\"_ _7\"></span>ble stren<span class=\"_ _7\"></span>gth and c<span class=\"_ _7\"></span>redit cre<span class=\"_ _7\"></span>denti<span class=\"_ _7\"></span>als that em<span class=\"_ _7\"></span>erge<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> theref<span class=\"_ _7\"></span>rom, some de<span class=\"_ _7\"></span>gree of cre<span class=\"_ _7\"></span>dit ri<span class=\"_ _7\"></span>sk con<span class=\"_ _7\"></span>centratio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>remains ine<span class=\"_ _9\"></span>vitable.<span class=\"_ _304\"> </span>Whi<span class=\"_ _7\"></span>le the rating ag<span class=\"_ _7\"></span>enci<span class=\"_ _7\"></span>es provid<span class=\"_ _7\"></span>e strong an<span class=\"_ _7\"></span>alysi<span class=\"_ _7\"></span>s on the fina<span class=\"_ _7\"></span>ncial<span class=\"_ _7\"></span>s and gover<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>e of a reinsur<span class=\"_ _7\"></span>ance se<span class=\"_ _7\"></span>cur<span class=\"_ _7\"></span>ity<span class=\"_ _9\"></span>, the RCC also t<span class=\"_ _7\"></span>akes acc<span class=\"_ _7\"></span>ount of qua<span class=\"_ _7\"></span>litative fac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>s. The RCC c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ers the rep<span class=\"_ _7\"></span>utation of its re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tners a<span class=\"_ _7\"></span>nd also re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>ves deta<span class=\"_ _7\"></span>ils of rece<span class=\"_ _7\"></span>nt payme<span class=\"_ _7\"></span>nt histor<span class=\"_ _7\"></span>y and the s<span class=\"_ _7\"></span>tatus of any ong<span class=\"_ _7\"></span>oing negotia<span class=\"_ _9\"></span>tions between Group<span class=\"_ _9\"></span> companies and these t<span class=\"_ _9\"></span>hird<span class=\"_ _9\"></span> par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s. The fin<span class=\"_ _7\"></span>al sco<span class=\"_ _7\"></span>re that a secu<span class=\"_ _7\"></span>rit<span class=\"_ _7\"></span>y rece<span class=\"_ _7\"></span>ives wi<span class=\"_ _7\"></span>ll determi<span class=\"_ _7\"></span>ne how muc<span class=\"_ _7\"></span>h reinsu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>redit r<span class=\"_ _7\"></span>isk His<span class=\"_ _7\"></span>cox is willin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o have <span class=\"ls8 ws4\"> </span>with that s<span class=\"_ _7\"></span>ecur<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y based o<span class=\"_ _7\"></span>n the expos<span class=\"_ _7\"></span>ure guid<span class=\"_ _7\"></span>eline<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>Thi<span class=\"_ _7\"></span>s informati<span class=\"_ _7\"></span>on is use<span class=\"_ _7\"></span>d to update the reinsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>purch<span class=\"_ _7\"></span>asing s<span class=\"_ _7\"></span>trategy<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> Indi<span class=\"_ _7\"></span>vidu<span class=\"_ _7\"></span>al ope<span class=\"_ _7\"></span>rating uni<span class=\"_ _7\"></span>ts mainta<span class=\"_ _7\"></span>in reco<span class=\"_ _7\"></span>rds of the payme<span class=\"_ _7\"></span>nt hist<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y for<span class=\"_ _9\"></span> significant brok<span class=\"_ _9\"></span>ers and cont<span class=\"_ _9\"></span>ract holders with whom<span class=\"_ _9\"></span> they<span class=\"_ _9\"></span> conduct regular business.<span class=\"_ _9\"></span> The exposure t<span class=\"_ _9\"></span>o individual<span class=\"_ _9\"></span> cou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s is also m<span class=\"_ _7\"></span>anag<span class=\"_ _7\"></span>ed by other me<span class=\"_ _7\"></span>chan<span class=\"_ _7\"></span>isms, suc<span class=\"_ _7\"></span>h<span class=\"_ _9\"></span> as the r<span class=\"_ _7\"></span>ight of of<span class=\"_ _7\"></span>fset, whe<span class=\"_ _7\"></span>re counter<span class=\"_ _7\"></span>par<span class=\"_ _7\"></span>ties a<span class=\"_ _7\"></span>re both debtors and c<span class=\"_ _7\"></span>reditors of the G<span class=\"_ _7\"></span>roup, and obtain<span class=\"_ _7\"></span>ing col<span class=\"_ _7\"></span>lateral fro<span class=\"_ _7\"></span>m<span class=\"_ _9\"></span> unrated c<span class=\"_ _7\"></span>ounterpa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ties. Ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>ment info<span class=\"_ _7\"></span>rmation re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ts deta<span class=\"_ _7\"></span>il provis<span class=\"_ _7\"></span>ions for im<span class=\"_ _7\"></span>pairm<span class=\"_ _7\"></span>ent on trad<span class=\"_ _7\"></span>e and other re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>vable<span class=\"_ _7\"></span>s and subsequent write-of<span class=\"_ _7\"></span>f<span class=\"_ _9\"></span>. Exposures to individual int<span class=\"_ _9\"></span>ermedia<span class=\"_ _7\"></span>ries and groups<span class=\"_ _9\"></span> of in<span class=\"_ _9\"></span>termediaries are collect<span class=\"_ _9\"></span>ed within the<span class=\"_ _9\"></span> ongoing monit<span class=\"_ _9\"></span>oring of t<span class=\"_ _9\"></span>he contr<span class=\"_ _9\"></span>ols associat<span class=\"_ _9\"></span>ed with regulat<span class=\"_ _9\"></span>ory solvency<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup al<span class=\"_ _7\"></span>so mitigate<span class=\"_ _7\"></span>s counterp<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ty c<span class=\"_ _7\"></span>redit r<span class=\"_ _7\"></span>isk by focus<span class=\"_ _7\"></span>ing debt a<span class=\"_ _7\"></span>nd fixed inc<span class=\"_ _7\"></span>ome inves<span class=\"_ _7\"></span>tments in a po<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tfoli<span class=\"_ _7\"></span>o of typ<span class=\"_ _7\"></span>ical<span class=\"_ _7\"></span>ly high-quality corporate and go<span class=\"_ _9\"></span>vernment bonds.<span class=\"_ _304\"> </span><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb5a\">An a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>is of the Group\u2019<span class=\"_ _9\"></span>s major exp<span class=\"_ _7\"></span>osure<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o cou<span class=\"_ _7\"></span>nterpar<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y cre<span class=\"_ _7\"></span>dit ris<span class=\"_ _7\"></span>k, ex<span class=\"_ _9\"></span>cl<span class=\"_ _7\"></span>uding trad<span class=\"_ _7\"></span>e and other re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>vable<span class=\"_ _7\"></span>s, and equ<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>nd </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb5b\">units i<span class=\"_ _7\"></span>n unit tr<span class=\"_ _7\"></span>usts, base<span class=\"_ _7\"></span>d on S&amp;P or e<span class=\"_ _7\"></span>quiva<span class=\"_ _7\"></span>lent ratin<span class=\"_ _7\"></span>g, is prese<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed b<span class=\"_ _7\"></span>elow:<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gsb5c\">As at 31 Dece<span class=\"_ _7\"></span>mber 20<span class=\"_ _7\"></span>23<span class=\"_ _16b\"> </span><span class=\"ff5f fs28 ls14d ws1f8\">N<span class=\"_ _7\"></span>ote<span class=\"_ _304\"> </span></span></div><div class=\"gsb5d\"><table class=\"s w1c5 ha8\" id=\"_85529e30-e27c-4908-967b-8e8c9ae600b8\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x418 h43 y1f7b ff64 fs28 fc2 sc0 ls16e ws22f\">O<span class=\"_ _7\"></span>the<span class=\"_ _7\"></span>r/<span class=\"_ _304\"> </span></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x419 h43 y1f7c ff64 fs28 fc2 sc0 ls16d ws22e\">AAA<span class=\"_ _304\"> </span></td><td class=\"t m0 x41a h43 y1f7c ff64 fs28 fc2 sc0 ls8 ws4\">A<span class=\"_ _7\"></span>A </td><td class=\"t m0 x41b h43 y1f7c ff64 fs28 fc2 sc0 ls8 ws4\">A<span class=\"_ _304\"> </span></td><td class=\"t m0 x1e7 h43 y1f7c ff64 fs28 fc2 sc0 ls7c ws98\">BBB<span class=\"_ _304\"> </span></td><td class=\"t m0 x41c h43 y1f7c ff64 fs28 fc2 sc0 lse6 ws12d\">non-rated </td><td class=\"t m0 x1b1 h43 y1f7c ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x41d h43 y1f7d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41e h43 y1f7d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h43 y1f7d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y1f7d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h43 y1f7d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y1f7d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f7e w1c6 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x421 y1f7f w1c7 h8f\"><div class=\"t m0 x1b6 he y1e4c ff5f fs28 fc2 sc0 lsd1 wsf8\">14<span class=\"_ _304\"> </span></div></td><td class=\"c n x422 y1f7e w1c8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">8<span class=\"_ _c\"> </span>4<span class=\"_ _7\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n x423 y1f7e w1c9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,7<span class=\"_ _7\"></span>51.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x424 y1f7e w1ca h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,7<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x425 y1f7e w17 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x426 y1f7e w1cb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">4<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x427 y1f7e w1cc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y1f80 ff5f fs7 fc2 sc0 ls3b ws44\">Reinsurance cont<span class=\"_ _9\"></span>ract held asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></td><td class=\"c n x428 y1f82 w1cd h91\"><div class=\"t m0 x1b6 h25 y1f81 ff5f fs28 fc2 sc0 lsa1 wsba\">20<span class=\"_ _304\"> </span></div></td><td class=\"c n x429 y1ed8 w1ce h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls15d ws211\">524<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x42a y1ed8 w1cf h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x42b y1ed8 wfa h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls78 ws122\">525.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x42c y1ed8 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x42d y1ed8 we9 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb5 wsd2\">9.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x42e y1ed8 w95 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2,0<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w170 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3d wsf4\">T<span class=\"_ _a\"></span>otal<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x42f y1e80 w1d0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x430 y1e80 w1d1 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>,79<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x431 y1e80 w1d2 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">2,2<span class=\"_ _9\"></span>46.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x432 y1e80 w16f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x433 y1e80 w1d3 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls16f ws230\">413<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x434 y1e80 w1d4 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb5e\">As at 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2022 (restated)*<span class=\"_ _1d5\"> </span><span class=\"fs28 ls14d ws1f8\">Note</span></div><div class=\"gsb5f\"><table class=\"s w1d5 ha9\" id=\"_2acd003d-bae3-43f0-878f-f55c1a058f51\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x1b2 h44 y1f83 ff5f fs28 fc2 sc0 ls171 ws232\"> O<span class=\"_ _7\"></span>th<span class=\"_ _7\"></span>e<span class=\"_ _7\"></span>r/<span class=\"ls8 ws4\"> </span></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x435 h44 y1f84 ff5f fs28 fc2 sc0 ls170 ws231\">AAA<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x41a h44 y1f84 ff5f fs28 fc2 sc0 ls8 ws4\">A<span class=\"_ _7\"></span>A </td><td class=\"t m0 x41b h44 y1f84 ff5f fs28 fc2 sc0 ls8 ws4\">A<span class=\"_ _304\"> </span></td><td class=\"t m0 x1e7 h44 y1f84 ff5f fs28 fc2 sc0 ls10a ws15c\">BBB</td><td class=\"t m0 x1b2 h44 y1f84 ff5f fs28 fc2 sc0 ls172 ws233\"> non-rated </td><td class=\"t m0 x1b1 h44 y1f84 ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x41d h44 y1f85 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x41e h44 y1f85 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h44 y1f85 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h44 y1f85 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h44 y1f85 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f85 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w1c6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x421 y1f87 w1c7 h91\"><div class=\"t m0 x1b6 he y1e4c ff5f fs28 fc2 sc0 lsd1 wsf8\">14<span class=\"_ _304\"> </span></div></td><td class=\"c n x436 y1f86 w150 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">5<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x437 y1f86 w1d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws11a\">1,<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x438 y1f86 w1d7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x439 y1f86 w1d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">1<span class=\"_ _9\"></span>,4<span class=\"_ _7\"></span>49.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x43a y1f86 w1d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">39<span class=\"_ _7\"></span>9.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x43b y1f86 wb4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y1f88 ff5f fs7 fc2 sc0 ls3b ws44\">Reinsurance cont<span class=\"_ _9\"></span>ract held asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></td><td class=\"c n x428 y1f89 w1cd h91\"><div class=\"t m0 x1b6 he y1e4c ff5f fs28 fc2 sc0 lsa1 wsba\">20<span class=\"_ _304\"> </span></div></td><td class=\"c n x43c y1ed8 w1da h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>9<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x43d y1ed8 w1d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">68<span class=\"_ _7\"></span>9.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x43e y1ed8 w1db h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">715<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x43f y1ed8 w110 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x440 y1ed8 w1dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x441 y1ed8 w1dd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x442 y1e80 w1de h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>9<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x443 y1e80 w1df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">2<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x444 y1e80 w1e0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">4<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x445 y1e80 w1e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2,<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x446 y1e80 w13f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x447 y1e80 w1e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsee ws13a\">414<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x448 y1e80 w1e3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _c\"> </span>9<span class=\"_ _2c\"></span>4<span class=\"_ _c\"> </span>3<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 h5 ff5f fs2 fc2 sc0 lsc wsc gsb60\">*Re<span class=\"_ _7\"></span>sta<span class=\"_ _7\"></span>ted for th<span class=\"_ _7\"></span>e ado<span class=\"_ _7\"></span>ption o<span class=\"_ _7\"></span>f IFRS 1<span class=\"_ _9\"></span>7<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb61\">With<span class=\"_ _7\"></span>in the debt a<span class=\"_ _7\"></span>nd fixed inc<span class=\"_ _7\"></span>ome ho<span class=\"_ _7\"></span>ldings, w<span class=\"_ _7\"></span>hich in<span class=\"_ _7\"></span>clude d<span class=\"_ _7\"></span>ebt sec<span class=\"_ _7\"></span>uritie<span class=\"_ _7\"></span>s, depo<span class=\"_ _7\"></span>sits with c<span class=\"_ _7\"></span>redit in<span class=\"_ _7\"></span>stitutio<span class=\"_ _7\"></span>ns, credit f<span class=\"_ _7\"></span>unds a<span class=\"_ _7\"></span>nd cas<span class=\"_ _7\"></span>h<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb62\">equ<span class=\"_ _7\"></span>ivale<span class=\"_ _7\"></span>nt assets, the<span class=\"_ _7\"></span>re are expos<span class=\"_ _7\"></span>ures to a rang<span class=\"_ _7\"></span>e of governm<span class=\"_ _7\"></span>ent bor<span class=\"_ _7\"></span>rowers, on ei<span class=\"_ _7\"></span>ther a dire<span class=\"_ _7\"></span>ct or gu<span class=\"_ _7\"></span>arantee<span class=\"_ _7\"></span>d basis, an<span class=\"_ _7\"></span>d bank<span class=\"_ _7\"></span>ing </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb63\">institu<span class=\"_ _7\"></span>tions. Th<span class=\"_ _7\"></span>e Group, t<span class=\"_ _9\"></span>og<span class=\"_ _7\"></span>ether wi<span class=\"_ _7\"></span>th its investme<span class=\"_ _7\"></span>nt mana<span class=\"_ _7\"></span>gers, cl<span class=\"_ _7\"></span>osel<span class=\"_ _7\"></span>y manag<span class=\"_ _7\"></span>es its ge<span class=\"_ _7\"></span>ogra<span class=\"_ _7\"></span>phic<span class=\"_ _7\"></span>al expos<span class=\"_ _7\"></span>ures acro<span class=\"_ _7\"></span>ss govern<span class=\"_ _7\"></span>ment </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb64\">issu<span class=\"_ _7\"></span>ed an<span class=\"_ _7\"></span>d suppo<span class=\"_ _7\"></span>rted d<span class=\"_ _7\"></span>ebt.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb65\">The l<span class=\"_ _7\"></span>arge<span class=\"_ _7\"></span>st aggre<span class=\"_ _7\"></span>gated counter<span class=\"_ _7\"></span>par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y exposu<span class=\"_ _7\"></span>re related to debt an<span class=\"_ _7\"></span>d fixed inco<span class=\"_ _7\"></span>me hold<span class=\"_ _7\"></span>ings at 31 Dece<span class=\"_ _7\"></span>mber 2023 of $994 m<span class=\"_ _7\"></span>illion i<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb66\">to the US T<span class=\"_ _a\"></span>rea<span class=\"_ _7\"></span>sur<span class=\"_ _7\"></span>y (2022<span class=\"_ _9\"></span>: $82<span class=\"_ _9\"></span>7 mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb67\">The G<span class=\"_ _7\"></span>roup is exp<span class=\"_ _7\"></span>osed to con<span class=\"_ _7\"></span>centratio<span class=\"_ _7\"></span>ns of risk w<span class=\"_ _7\"></span>ith indi<span class=\"_ _7\"></span>vidua<span class=\"_ _7\"></span>l reinsu<span class=\"_ _7\"></span>rers d<span class=\"_ _7\"></span>ue to the nature of the rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce mar<span class=\"_ _7\"></span>ket and the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb68\">restr<span class=\"_ _7\"></span>icted ran<span class=\"_ _7\"></span>ge of reinsu<span class=\"_ _7\"></span>rers that h<span class=\"_ _7\"></span>ave accepta<span class=\"_ _7\"></span>ble cre<span class=\"_ _7\"></span>dit rating<span class=\"_ _7\"></span>s. The la<span class=\"_ _7\"></span>rgest c<span class=\"_ _7\"></span>ounterpa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty exp<span class=\"_ _7\"></span>osure in<span class=\"_ _7\"></span>clude<span class=\"_ _7\"></span>d in reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb69\">ass<span class=\"_ _7\"></span>ets at 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 202<span class=\"_ _9\"></span>3 is to Mun<span class=\"_ _7\"></span>ich Rei<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce Com<span class=\"_ _7\"></span>pany (2022<span class=\"_ _9\"></span>: Blue Jay Re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce)<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>e recovera<span class=\"_ _7\"></span>ble am<span class=\"_ _7\"></span>ount from </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb6a\">Mun<span class=\"_ _7\"></span>ich Rei<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce Com<span class=\"_ _7\"></span>pany repre<span class=\"_ _7\"></span>sents 1<span class=\"_ _a\"></span>7% (202<span class=\"_ _9\"></span>2: Blue Jay Rei<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce 26%<span class=\"_ _9\"></span>) o<span class=\"_ _9\"></span>f this c<span class=\"_ _7\"></span>ategor<span class=\"_ _7\"></span>y of as<span class=\"_ _7\"></span>sets.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb6b\">For the cu<span class=\"_ _7\"></span>rrent pe<span class=\"_ _7\"></span>rio<span class=\"_ _7\"></span>d and pr<span class=\"_ _7\"></span>ior per<span class=\"_ _7\"></span>iod, the Gro<span class=\"_ _7\"></span>up did not exp<span class=\"_ _7\"></span>erie<span class=\"_ _7\"></span>nce a<span class=\"_ _7\"></span>ny material d<span class=\"_ _7\"></span>efaults o<span class=\"_ _7\"></span>n debt se<span class=\"_ _7\"></span>curiti<span class=\"_ _7\"></span>es. The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb6c\">A<span class=\"_ _7\"></span>A<span class=\"_ _7\"></span>A-rated re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce as<span class=\"_ _7\"></span>sets incl<span class=\"_ _7\"></span>ude fu<span class=\"_ _7\"></span>lly col<span class=\"_ _7\"></span>lateralis<span class=\"_ _7\"></span>ed posi<span class=\"_ _7\"></span>tions at 31 Dece<span class=\"_ _7\"></span>mber 2023 and 2022<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div>(<span class=\"_ _9\"></span>e) Liq<span class=\"_ _9\"></span>uidity risk The G<span class=\"_ _7\"></span>roup is exp<span class=\"_ _7\"></span>osed to dai<span class=\"_ _7\"></span>ly cal<span class=\"_ _7\"></span>ls on its availa<span class=\"_ _7\"></span>ble ca<span class=\"_ _7\"></span>sh reso<span class=\"_ _7\"></span>urces, ma<span class=\"_ _7\"></span>inly f<span class=\"_ _7\"></span>rom cla<span class=\"_ _7\"></span>ims ari<span class=\"_ _7\"></span>sing fro<span class=\"_ _7\"></span>m insura<span class=\"_ _7\"></span>nce an<span class=\"_ _7\"></span>d reinsu<span class=\"_ _7\"></span>rance contra<span class=\"_ _7\"></span>cts. Liqu<span class=\"_ _7\"></span>idit<span class=\"_ _7\"></span>y risk i<span class=\"_ _7\"></span>s the risk th<span class=\"_ _7\"></span>at cash m<span class=\"_ _7\"></span>ay not be availab<span class=\"_ _7\"></span>le to pay obligati<span class=\"_ _7\"></span>ons whe<span class=\"_ _7\"></span>n due at a rea<span class=\"_ _7\"></span>sona<span class=\"_ _7\"></span>ble cos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>. T<span class=\"_ _7\"></span>he Board sets lim<span class=\"_ _7\"></span>its on the min<span class=\"_ _7\"></span>imum leve<span class=\"_ _7\"></span>l of cash a<span class=\"_ _7\"></span>nd maturi<span class=\"_ _7\"></span>ng fun<span class=\"_ _7\"></span>ds availab<span class=\"_ _7\"></span>le to meet suc<span class=\"_ _7\"></span>h call<span class=\"_ _7\"></span>s and on the m<span class=\"_ _7\"></span>inimu<span class=\"_ _7\"></span>m level of borrow<span class=\"_ _7\"></span>ing facil<span class=\"_ _7\"></span>ities that s<span class=\"_ _7\"></span>hould b<span class=\"_ _7\"></span>e in plac<span class=\"_ _7\"></span>e to cover unexpe<span class=\"_ _7\"></span>cted levels of c<span class=\"_ _7\"></span>laims a<span class=\"_ _7\"></span>nd other c<span class=\"_ _7\"></span>ash de<span class=\"_ _7\"></span>mands.<span class=\"_ _304\"> </span>A sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt propor<span class=\"_ _7\"></span>ti<span class=\"_ _7\"></span>on of the Group\u2019<span class=\"_ _9\"></span>s investments is i<span class=\"_ _7\"></span>n highl<span class=\"_ _7\"></span>y liqui<span class=\"_ _7\"></span>d assets w<span class=\"_ _7\"></span>hich co<span class=\"_ _7\"></span>uld be co<span class=\"_ _7\"></span>nver<span class=\"_ _7\"></span>ted to cash in a pro<span class=\"_ _7\"></span>mpt fashi<span class=\"_ _7\"></span>on and at m<span class=\"_ _7\"></span>inima<span class=\"_ _7\"></span>l expens<span class=\"_ _7\"></span>e. The Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s exposure to eq<span class=\"_ _7\"></span>uities i<span class=\"_ _7\"></span>s conc<span class=\"_ _7\"></span>entrated on sh<span class=\"_ _7\"></span>ares a<span class=\"_ _7\"></span>nd fund<span class=\"_ _7\"></span>s that are trade<span class=\"_ _7\"></span>d on intern<span class=\"_ _7\"></span>ational<span class=\"_ _7\"></span>ly recognised s<span class=\"_ _9\"></span>tock e<span class=\"_ _9\"></span>xchanges<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The m<span class=\"_ _7\"></span>ain focu<span class=\"_ _7\"></span>s of the investme<span class=\"_ _7\"></span>nt por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio is on h<span class=\"_ _7\"></span>igh-q<span class=\"_ _7\"></span>ualit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>, shor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-d<span class=\"_ _7\"></span>uration de<span class=\"_ _7\"></span>bt and fixed i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>ecur<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>nd cas<span class=\"_ _7\"></span>h. There are no s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant ho<span class=\"_ _7\"></span>ldings of inve<span class=\"_ _7\"></span>stments wi<span class=\"_ _7\"></span>th spe<span class=\"_ _7\"></span>cific rep<span class=\"_ _7\"></span>ricin<span class=\"_ _7\"></span>g dates. Notw<span class=\"_ _7\"></span>ithsta<span class=\"_ _7\"></span>nding the re<span class=\"_ _7\"></span>gula<span class=\"_ _7\"></span>r interest re<span class=\"_ _7\"></span>ceipts an<span class=\"_ _7\"></span>d also the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s abili<span class=\"_ _7\"></span>ty to liqu<span class=\"_ _7\"></span>idate these se<span class=\"_ _7\"></span>cur<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>nd the maj<span class=\"_ _7\"></span>orit<span class=\"_ _7\"></span>y of its other fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al instr<span class=\"_ _7\"></span>ument a<span class=\"_ _7\"></span>ssets for c<span class=\"_ _7\"></span>ash in a pro<span class=\"_ _7\"></span>mpt and reas<span class=\"_ _7\"></span>onab<span class=\"_ _7\"></span>le mann<span class=\"_ _7\"></span>er<span class=\"_ _a\"></span>, the c<span class=\"_ _7\"></span>ontractu<span class=\"_ _7\"></span>al matur<span class=\"_ _7\"></span>ity p<span class=\"_ _7\"></span>rofile of the fair va<span class=\"_ _7\"></span>lue of thes<span class=\"_ _7\"></span>e secu<span class=\"_ _7\"></span>ritie<span class=\"_ _7\"></span>s at 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r is as foll<span class=\"_ _7\"></span>ows.<span class=\"_ _304\"> </span>As at 31 Dece<span class=\"_ _7\"></span>mber 20<span class=\"_ _7\"></span>23<table class=\"s w1e4 haa\" id=\"_c172372c-6624-44cf-a266-e92ad1a87b27\"><tr><td></td><td class=\"t m0 x449 h43 y1f8a ff64 fs28 fc2 sc0 lsf0 ws234\"> Within<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x44a h43 y1f8a ff64 fs28 fc2 sc0 ls8 ws1d7\"> <span class=\"_ _6\"> </span>B<span class=\"_ _7\"></span>et<span class=\"_ _7\"></span>we<span class=\"_ _7\"></span>en<span class=\"_ _7\"></span> on<span class=\"_ _7\"></span>e <span class=\"_ _9\"></span><span class=\"ws4\"> </span></td><td class=\"t m0 x44b h43 y1f8a ff64 fs28 fc2 sc0 lsd2 ws235\"> <span class=\"_ _6\"> </span>Be<span class=\"_ _7\"></span>twee<span class=\"_ _7\"></span>n two<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x44c h43 y1f8a ff64 fs28 fc2 sc0 ls173 wsfc\">Between<span class=\"_ _9\"></span> three<span class=\"_ _9\"></span> </td><td class=\"t m0 x44d h43 y1f8a ff64 fs28 fc2 sc0 lse4 ws15d\"> Be<span class=\"_ _7\"></span>twe<span class=\"_ _7\"></span>en fou<span class=\"_ _7\"></span>r</td><td class=\"t m0 x44e h43 y1f8a ff64 fs28 fc2 sc0 ls143 ws236\"> Over<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x44f h43 y1f8a ff64 fs28 fc2 sc0 ls9f ws21e\"> 2023<span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x449 h43 y1f8b ff64 fs28 fc2 sc0 ls145 ws1dc\"> <span class=\"_ _31\"> </span>one year</td><td class=\"t m0 x44a h43 y1f8b ff64 fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _89\"> </span>and t<span class=\"_ _7\"></span>wo ye<span class=\"_ _7\"></span>ars</td><td class=\"t m0 x44b h43 y1f8b ff64 fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _17c\"> </span>a<span class=\"_ _7\"></span>nd thr<span class=\"_ _7\"></span>ee ye<span class=\"_ _7\"></span>ars<span class=\"_ _304\"> </span></td><td class=\"t m0 x450 h43 y1f8b ff64 fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d four ye<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x44d h43 y1f8b ff64 fs28 fc2 sc0 ls145 ws1dc\">and fiv<span class=\"_ _9\"></span>e years</td><td class=\"t m0 x44e h43 y1f8b ff64 fs28 fc2 sc0 ls145 ws1dc\"> <span class=\"_ _35\"> </span>five y<span class=\"_ _9\"></span>ears</td><td class=\"t m0 x44f h43 y1f8b ff64 fs28 fc2 sc0 lsf3 ws237\"> total<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3d4 h43 y1f8c ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d5 h43 y1f8c ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d6 h43 y1f8c ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d7 h43 y1f8c ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h43 y1f8c ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h43 y1f8c ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y1f8c ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f7e w1c6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x451 y1f7e w1e5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x452 y1f7e w1e6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x453 y1f7e w1e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">1<span class=\"_ _a\"></span>,489.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x454 y1f7e w1e8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">6<span class=\"_ _7\"></span>59.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x455 y1f7e w15c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">3<span class=\"_ _7\"></span>66<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x456 y1f7e w1e9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6<span class=\"_ _7\"></span>34.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x457 y1f7e w1cc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333<span class=\"_ _9\"></span>.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f8d w16c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Cash and<span class=\"_ _9\"></span> cash equivalen<span class=\"_ _9\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n x2c7 y1f8d w1ea h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x458 y1f8d w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x459 y1f8d w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x45a y1f8d w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x45b y1f8d w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x45c y1f8d w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x45d y1f8d w1eb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">1,<span class=\"_ _2c\"> </span>4<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w170 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3d wsf4\">T<span class=\"_ _a\"></span>otal<span class=\"_ _304\"> </span></div></td><td class=\"c n x45e y1e80 w1ec h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">3<span class=\"_ _7\"></span>,0<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>2.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x45f y1e80 w1ed h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x460 y1e80 w1ee h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">1<span class=\"_ _9\"></span>,489.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x461 y1e80 w1e8 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb5 wsd2\">659.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x462 y1e80 w1e9 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">36<span class=\"_ _7\"></span>6.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x463 y1e80 w1e9 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">63<span class=\"_ _7\"></span>4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x23a y1e80 w97 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsab wsc8\">7,<span class=\"_ _8\"></span>7<span class=\"_ _2c\"></span>7<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>6<span class=\"_ _304\"> </span></div></td></tr></table><table class=\"s w1ef ha9\" id=\"_011cefdf-652c-4ecf-9148-97a200f18ee5\"><tr><td></td><td class=\"t m0 x203 he y1f8e ff5f fs7 fc2 sc0 ls38 ws41\">As at 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2022 (restated)*<span class=\"_ _136\"> </span><span class=\"fs28 ls8 ws238\"> W<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>hi<span class=\"_ _7\"></span>n <span class=\"_ _1d9\"></span><span class=\"ws4\"> </span></span></td><td class=\"t m0 x44a h44 y1f8e ff5f fs28 fc2 sc0 ls10a ws15e\"> <span class=\"_ _85\"> </span>Between one<span class=\"_ _9\"></span> <span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></td><td></td><td class=\"t m0 x44b h44 y1f8e ff5f fs28 fc2 sc0 lsa ws175\"> <span class=\"_ _85\"> </span>Between tw<span class=\"_ _9\"></span>o<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x450 h44 y1f8e ff5f fs28 fc2 sc0 lsa ws175\">Between<span class=\"_ _9\"></span> three<span class=\"_ _9\"></span> </td><td class=\"t m0 x1fa h44 y1f8e ff5f fs28 fc2 sc0 lsd0 ws239\"> Betwe<span class=\"_ _7\"></span>en four</td><td class=\"t m0 x44e h44 y1f8e ff5f fs28 fc2 sc0 ls76 ws23a\"> Over<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x44f h44 y1f8e ff5f fs28 fc2 sc0 lsa1 ws23b\"> 2022<span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x449 h44 y1f8f ff5f fs28 fc2 sc0 ls10a ws15e\"> <span class=\"_ _132\"> </span>one y<span class=\"_ _9\"></span>ear</td><td class=\"t m0 x44a h44 y1f8f ff5f fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _2a\"> </span>a<span class=\"_ _7\"></span>nd tw<span class=\"_ _7\"></span>o year<span class=\"_ _7\"></span>s</td><td></td><td class=\"t m0 x44b h44 y1f8f ff5f fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _1\"> </span>a<span class=\"_ _7\"></span>nd th<span class=\"_ _7\"></span>ree ye<span class=\"_ _7\"></span>ars<span class=\"_ _304\"> </span></td><td class=\"t m0 x464 h44 y1f8f ff5f fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d four y<span class=\"_ _7\"></span>ear<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fa h44 y1f8f ff5f fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d fiv<span class=\"_ _7\"></span>e year<span class=\"_ _7\"></span>s</td><td class=\"t m0 x44e h44 y1f8f ff5f fs28 fc2 sc0 ls76 ws161\"> <span class=\"_ _40\"> </span>fi<span class=\"_ _7\"></span>ve years</td><td class=\"t m0 x44f h44 y1f8f ff5f fs28 fc2 sc0 lsf2 ws23c\"> tota<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3d4 h44 y1f90 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d5 h44 y1f90 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x3d6 h44 y1f90 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d7 h44 y1f90 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h44 y1f90 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h44 y1f90 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y1f90 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w1c6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x451 y1f86 w1f0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x465 y1f86 w1f1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>19<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x466 y1f86 w1f2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>2<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x467 y1f86 w1f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x468 y1f86 w1f4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">49<span class=\"_ _7\"></span>5.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x469 y1f86 w1f5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2<span class=\"_ _7\"></span>72.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x46a y1f86 w1f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _c\"> </span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x46b y1f86 wb4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w16c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Cash and<span class=\"_ _9\"></span> cash equivalen<span class=\"_ _9\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n x46c y1ed8 w1f0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x46d y1ed8 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x46e y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x46f y1ed8 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x470 y1ed8 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x471 y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x472 y1ed8 w1f7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x473 y1e80 w1f8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2,7<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x474 y1e80 w1f9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>51<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x475 y1e80 w1fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1,<span class=\"_ _c\"> </span>2<span class=\"_ _8\"></span>9<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x461 y1e80 wfa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">4<span class=\"_ _7\"></span>95.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x476 y1e80 w1fb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2<span class=\"_ _7\"></span>72<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x477 y1e80 w1fc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _c\"> </span>8<span class=\"_ _8\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x478 y1e80 w1fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws11c\">6,777<span class=\"_ _e\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr></table>*Re<span class=\"_ _7\"></span>sta<span class=\"_ _7\"></span>ted for th<span class=\"_ _7\"></span>e ado<span class=\"_ _7\"></span>ption o<span class=\"_ _7\"></span>f IFRS 1<span class=\"_ _9\"></span>7<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s equities, equity funds,<span class=\"_ _9\"></span> hedge funds and credit funds<span class=\"_ _9\"></span> and other<span class=\"_ _9\"></span> non-dat<span class=\"_ _9\"></span>ed instruments<span class=\"_ _9\"></span> have<span class=\"_ _9\"></span> no contract<span class=\"_ _9\"></span>ual maturity terms b<span class=\"_ _7\"></span>ut predo<span class=\"_ _7\"></span>mina<span class=\"_ _7\"></span>ntly coul<span class=\"_ _7\"></span>d be liqu<span class=\"_ _7\"></span>idated in an o<span class=\"_ _7\"></span>rderl<span class=\"_ _7\"></span>y mann<span class=\"_ _7\"></span>er for ca<span class=\"_ _7\"></span>sh in a prom<span class=\"_ _7\"></span>pt and rea<span class=\"_ _7\"></span>sonab<span class=\"_ _7\"></span>le timef<span class=\"_ _7\"></span>rame wi<span class=\"_ _7\"></span>thin one ye<span class=\"_ _7\"></span>ar of the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet date.<span class=\"_ _304\"> </span>The ava<span class=\"_ _7\"></span>ilabl<span class=\"_ _7\"></span>e headro<span class=\"_ _7\"></span>om of work<span class=\"_ _7\"></span>ing cap<span class=\"_ _7\"></span>ital is m<span class=\"_ _7\"></span>onitored thro<span class=\"_ _7\"></span>ugh the us<span class=\"_ _7\"></span>e of a detail<span class=\"_ _7\"></span>ed Group c<span class=\"_ _7\"></span>ash flow fore<span class=\"_ _7\"></span>cast w<span class=\"_ _7\"></span>hich i<span class=\"_ _7\"></span>s reviewed by mana<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt monthl<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, or m<span class=\"_ _7\"></span>ore freq<span class=\"_ _7\"></span>uently a<span class=\"_ _7\"></span>s require<span class=\"_ _7\"></span>d.<span class=\"_ _304\"> </span>Av<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>age cont<span class=\"_ _7\"></span>ractua<span class=\"_ _7\"></span>l maturi<span class=\"_ _7\"></span>ty an<span class=\"_ _7\"></span>alyse<span class=\"_ _7\"></span>d by denomin<span class=\"_ _7\"></span>ational c<span class=\"_ _7\"></span>urre<span class=\"_ _7\"></span>ncy of investment<span class=\"_ _7\"></span>s as at 31 Decem<span class=\"_ _7\"></span>ber<table class=\"s w1fe hab\" id=\"_a78f838d-acf1-4976-8edc-74398e1ad526\"><tr><td></td><td class=\"t m0 x44e h43 y1f91 ff64 fs28 fc2 sc0 ls9f ws21e\"> 2023<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x44f h44 y1f91 ff5f fs28 fc2 sc0 lsa1 ws23b\"> 2022<span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x44e h43 y1f92 ff64 fs28 fc2 sc0 ls145 ws1dc\"> <span class=\"_ _7e\"> </span>in years</td><td class=\"t m0 x44f h44 y1f92 ff5f fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _a1\"> </span>in ye<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f41 w1ff h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">US Dollar<span class=\"_ _304\"> </span></div></td><td class=\"c n x479 y1f41 w188 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.03<span class=\"_ _304\"> </span></div></td><td class=\"c n x47a y1f41 wbb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">3<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f42 w200 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">Ste<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>li<span class=\"_ _7\"></span>ng<span class=\"_ _304\"> </span></div></td><td class=\"c n x47b y1f42 w201 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x47c y1f42 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.6<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f61 w202 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls83 ws11d\">Euro<span class=\"_ _304\"> </span></div></td><td class=\"c n x315 y1f61 w203 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">2.55<span class=\"_ _304\"> </span></div></td><td class=\"c n x47d y1f61 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.6<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w204 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3e ws47\">Canadi<span class=\"_ _9\"></span>an Dollar<span class=\"_ _304\"> </span></div></td><td class=\"c n x47e y1e80 w17b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.5<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x47f y1e80 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.4<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr></table><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb86\">The fo<span class=\"_ _7\"></span>llowing i<span class=\"_ _7\"></span>s an ana<span class=\"_ _7\"></span>lysis by lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y t<span class=\"_ _7\"></span>ype of the e<span class=\"_ _7\"></span>stimated timi<span class=\"_ _7\"></span>ng of net cas<span class=\"_ _7\"></span>h flows base<span class=\"_ _7\"></span>d on the lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y for inc<span class=\"_ _7\"></span>urred c<span class=\"_ _7\"></span>laim<span class=\"_ _7\"></span>s. The </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb87\">estim<span class=\"_ _7\"></span>ated phasi<span class=\"_ _7\"></span>ng of settl<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt is base<span class=\"_ _7\"></span>d on cur<span class=\"_ _7\"></span>rent estim<span class=\"_ _7\"></span>ates and his<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>ical tre<span class=\"_ _7\"></span>nds an<span class=\"_ _7\"></span>d the actua<span class=\"_ _7\"></span>l timing of fu<span class=\"_ _7\"></span>ture set<span class=\"_ _7\"></span>tleme<span class=\"_ _7\"></span>nt cas<span class=\"_ _7\"></span>h<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb88\">flows may dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>r materia<span class=\"_ _7\"></span>lly fro<span class=\"_ _7\"></span>m the discl<span class=\"_ _7\"></span>osure be<span class=\"_ _7\"></span>low<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gsb89\">Estim<span class=\"_ _7\"></span>ated profile of n<span class=\"_ _7\"></span>et undisc<span class=\"_ _7\"></span>ounted lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y for incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims on ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e sheet<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gsb8a\">As at 31 Dece<span class=\"_ _7\"></span>mber 20<span class=\"_ _7\"></span>23</div><div class=\"gsb8b\"><table class=\"s w205 hac\" id=\"_79964813-e2e7-455d-9f01-8686ceddc21c\"><tr><td></td><td class=\"t m0 x402 h43 y1f93 ff64 fs28 fc2 sc0 lsf0 ws234\"> Within<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x480 h43 y1f93 ff64 fs28 fc2 sc0 ls8 ws1d7\"> <span class=\"_ _6\"> </span>B<span class=\"_ _7\"></span>et<span class=\"_ _7\"></span>we<span class=\"_ _7\"></span>en<span class=\"_ _7\"></span> on<span class=\"_ _7\"></span>e </td><td class=\"t m0 x481 h43 y1f93 ff64 fs28 fc2 sc0 lsd2 ws235\"> <span class=\"_ _6\"> </span>Be<span class=\"_ _7\"></span>twee<span class=\"_ _7\"></span>n two </td><td class=\"t m0 x482 h43 y1f93 ff64 fs28 fc2 sc0 ls173 wsfc\"> <span class=\"_ _3\"> </span>Between<span class=\"_ _9\"></span> three<span class=\"_ _9\"></span> </td><td class=\"t m0 x483 h43 y1f93 ff64 fs28 fc2 sc0 ls8 ws1d7\"> <span class=\"_ _128\"> </span>Be<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>we<span class=\"_ _7\"></span>en<span class=\"_ _7\"></span> fou<span class=\"_ _7\"></span>r </td><td class=\"t m0 x1b2 h43 y1f93 ff64 fs28 fc2 sc0 ls143 ws236\"> Over<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x484 h43 y1f93 ff64 fs28 fc2 sc0 ls9f ws21e\"> 2023<span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x402 h43 y1f94 ff64 fs28 fc2 sc0 ls145 ws1dc\"> <span class=\"_ _31\"> </span>one year<span class=\"_ _304\"> </span></td><td class=\"t m0 x390 h43 y1f94 ff64 fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d two ye<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x361 h43 y1f94 ff64 fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d thre<span class=\"_ _7\"></span>e yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></td><td class=\"t m0 x271 h43 y1f94 ff64 fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d four ye<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x485 h43 y1f94 ff64 fs28 fc2 sc0 ls145 ws1dc\">and fiv<span class=\"_ _9\"></span>e years</td><td class=\"t m0 x1b2 h43 y1f94 ff64 fs28 fc2 sc0 ls145 ws1dc\"> <span class=\"_ _35\"> </span>five y<span class=\"_ _9\"></span>ears</td><td class=\"t m0 x484 h43 y1f94 ff64 fs28 fc2 sc0 lsf3 ws237\"> total<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x486 h43 y1f95 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41d h43 y1f95 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41e h43 y1f95 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h43 y1f95 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y1f95 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h43 y1f95 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y1f95 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1e80 w170 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3d wsf4\">T<span class=\"_ _a\"></span>otal<span class=\"_ _304\"> </span></div></td><td class=\"c n x487 y1e80 w206 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x488 y1e80 w207 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls75 ws11a\">1<span class=\"_ _9\"></span>,042.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x489 y1e80 w208 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">55<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x48a y1e80 w35 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">359<span class=\"_ _9\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x48b y1e80 w209 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2<span class=\"_ _7\"></span>02.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x48c y1e80 w20a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">3<span class=\"_ _7\"></span>68.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x48d y1e80 w20b h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">4,35<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>7<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb8c\">As at 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2022 (restated)*</div><div class=\"gsb8d\"><table class=\"s w1d5 had\" id=\"_b5a24dc7-31c1-4507-b0ec-c278c8578e4b\"><tr><td></td><td class=\"t m0 x402 h44 y1f96 ff5f fs28 fc2 sc0 ls3 ws23d\"> Within<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x480 h44 y1f96 ff5f fs28 fc2 sc0 ls10a ws15e\"> <span class=\"_ _85\"> </span>Between one<span class=\"_ _9\"></span> </td><td class=\"t m0 x481 h44 y1f96 ff5f fs28 fc2 sc0 lsa ws175\"> <span class=\"_ _85\"> </span>Between tw<span class=\"_ _9\"></span>o </td><td class=\"t m0 x482 h44 y1f96 ff5f fs28 fc2 sc0 lsa ws175\"> <span class=\"_ _2b\"> </span>Between t<span class=\"_ _9\"></span>hree<span class=\"_ _9\"></span> </td><td class=\"t m0 x483 h44 y1f96 ff5f fs28 fc2 sc0 lsd0 ws239\"> <span class=\"_ _29\"> </span>Betwee<span class=\"_ _7\"></span>n four </td><td class=\"t m0 x1b2 h44 y1f96 ff5f fs28 fc2 sc0 ls76 ws23a\"> Over<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x484 h44 y1f96 ff5f fs28 fc2 sc0 lsa1 ws23b\"> 2022<span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x402 h44 y1f97 ff5f fs28 fc2 sc0 ls10a ws15e\"> <span class=\"_ _132\"> </span>one y<span class=\"_ _9\"></span>ear<span class=\"_ _304\"> </span></td><td class=\"t m0 x48e h44 y1f97 ff5f fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d two ye<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x48f h44 y1f97 ff5f fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d thre<span class=\"_ _7\"></span>e yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></td><td class=\"t m0 x490 h44 y1f97 ff5f fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d four y<span class=\"_ _7\"></span>ear<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x491 h44 y1f97 ff5f fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d fiv<span class=\"_ _7\"></span>e year<span class=\"_ _7\"></span>s</td><td class=\"t m0 x1b2 h44 y1f97 ff5f fs28 fc2 sc0 ls76 ws161\"> <span class=\"_ _40\"> </span>fi<span class=\"_ _7\"></span>ve years</td><td class=\"t m0 x484 h44 y1f97 ff5f fs28 fc2 sc0 lsf2 ws23c\"> tota<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x486 h44 y1f98 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41d h44 y1f98 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41e h44 y1f98 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h44 y1f98 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h44 y1f98 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h44 y1f98 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f98 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x473 y1e80 w20c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x492 y1e80 w20d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">975<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x493 y1e80 w20e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">5<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x494 y1e80 w20f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">3<span class=\"_ _7\"></span>36.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x495 y1e80 w8e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">18<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x496 y1e80 w210 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">3<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>4.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x497 y1e80 w211 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">4<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>010<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 h5 ff5f fs2 fc2 sc0 lsc wsc gsb8e\">*Re<span class=\"_ _7\"></span>sta<span class=\"_ _7\"></span>ted for th<span class=\"_ _7\"></span>e ado<span class=\"_ _7\"></span>ption o<span class=\"_ _7\"></span>f IFRS 1<span class=\"_ _9\"></span>7<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb8f\">Deta<span class=\"_ _7\"></span>ils of the payme<span class=\"_ _7\"></span>nt profile of the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s bor<span class=\"_ _7\"></span>rowings, de<span class=\"_ _7\"></span>rivative in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nts and othe<span class=\"_ _7\"></span>r liabi<span class=\"_ _7\"></span>lities a<span class=\"_ _7\"></span>re given i<span class=\"_ _7\"></span>n notes<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb90\">1<span class=\"_ _a\"></span>4, 1<span class=\"_ _a\"></span>6 a<span class=\"_ _7\"></span>nd 2<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 h4d ff68 fs7 fc3 sc0 ls75 ws199 gsb91\">(f<span class=\"_ _7\"></span>) Cu<span class=\"_ _7\"></span>rre<span class=\"_ _7\"></span>ncy r<span class=\"_ _7\"></span>is<span class=\"_ _7\"></span>k<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb92\">Cur<span class=\"_ _7\"></span>rency ri<span class=\"_ _7\"></span>sk is the ri<span class=\"_ _7\"></span>sk of loss re<span class=\"_ _7\"></span>sultin<span class=\"_ _7\"></span>g from fluc<span class=\"_ _7\"></span>tuations i<span class=\"_ _7\"></span>n ex<span class=\"_ _9\"></span>cha<span class=\"_ _7\"></span>nge rates. T<span class=\"_ _7\"></span>he Group o<span class=\"_ _7\"></span>perates i<span class=\"_ _7\"></span>nternation<span class=\"_ _7\"></span>ally a<span class=\"_ _7\"></span>nd therefore i<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb93\">expos<span class=\"_ _7\"></span>ed to the finan<span class=\"_ _7\"></span>cial im<span class=\"_ _7\"></span>pact of fluctu<span class=\"_ _7\"></span>ations in th<span class=\"_ _7\"></span>e ex<span class=\"_ _9\"></span>ch<span class=\"_ _7\"></span>ange rates of var<span class=\"_ _7\"></span>ious cu<span class=\"_ _7\"></span>rren<span class=\"_ _7\"></span>cies. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb94\">The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s exp<span class=\"_ _7\"></span>osure<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o forei<span class=\"_ _7\"></span>gn exchang<span class=\"_ _7\"></span>e risk a<span class=\"_ _7\"></span>rise ma<span class=\"_ _7\"></span>inly w<span class=\"_ _7\"></span>ith resp<span class=\"_ _7\"></span>ect to the US Do<span class=\"_ _7\"></span>llar<span class=\"_ _a\"></span>, S<span class=\"_ _7\"></span>terling a<span class=\"_ _7\"></span>nd the Euro. The<span class=\"_ _7\"></span>se exposu<span class=\"_ _7\"></span>res </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsb95\">may be<span class=\"_ _9\"></span> classified in two main ca<span class=\"_ _9\"></span>tegories:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsb96\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gsb97\"> <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>operat<span class=\"_ _9\"></span>ional foreign<span class=\"_ _9\"></span> ex<span class=\"_ _9\"></span>change exposure arises fr<span class=\"_ _9\"></span>om the con<span class=\"_ _9\"></span>version of<span class=\"_ _9\"></span> foreign curr<span class=\"_ _9\"></span>ency transaction<span class=\"_ _9\"></span>s resulting<span class=\"_ _9\"></span> from the<span class=\"_ _9\"></span> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb98\">activ<span class=\"_ _7\"></span>ities of e<span class=\"_ _7\"></span>ntering in<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>o ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e, inv<span class=\"_ _9\"></span>es<span class=\"_ _7\"></span>tment, finan<span class=\"_ _7\"></span>cing an<span class=\"_ _7\"></span>d oper<span class=\"_ _7\"></span>ational c<span class=\"_ _7\"></span>ontracts in a c<span class=\"_ _7\"></span>urren<span class=\"_ _7\"></span>cy that is dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rent to each </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsb99\">respective<span class=\"_ _9\"></span> entity\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> functional currency<span class=\"_ _9\"></span>; and<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsb9a\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gsb9b\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>structu<span class=\"_ _7\"></span>ral forei<span class=\"_ _7\"></span>gn exchange ex<span class=\"_ _7\"></span>posure a<span class=\"_ _7\"></span>rise<span class=\"_ _7\"></span>s from the tra<span class=\"_ _7\"></span>nslatio<span class=\"_ _7\"></span>n of the Group\u2019<span class=\"_ _a\"></span>s n<span class=\"_ _7\"></span>et investme<span class=\"_ _7\"></span>nt in foreig<span class=\"_ _7\"></span>n oper<span class=\"_ _7\"></span>ations to the <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb9c\">US Dol<span class=\"_ _7\"></span>lar<span class=\"_ _a\"></span>, th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s p<span class=\"_ _7\"></span>resent<span class=\"_ _7\"></span>ation cur<span class=\"_ _7\"></span>rency<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gsb9d\">Ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l curre<span class=\"_ _7\"></span>ncy ri<span class=\"_ _7\"></span>sk<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb9e\">Ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l foreig<span class=\"_ _7\"></span>n ex<span class=\"_ _9\"></span>ch<span class=\"_ _7\"></span>ange r<span class=\"_ _7\"></span>isk is pr<span class=\"_ _7\"></span>incipa<span class=\"_ _7\"></span>lly ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>d within the G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s in<span class=\"_ _7\"></span>divi<span class=\"_ _7\"></span>dual e<span class=\"_ _7\"></span>ntities by broad<span class=\"_ _7\"></span>ly matching a<span class=\"_ _7\"></span>ssets an<span class=\"_ _7\"></span>d </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb9f\">lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s by curre<span class=\"_ _7\"></span>ncy and li<span class=\"_ _7\"></span>quidi<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>. Due at<span class=\"_ _7\"></span>tention is p<span class=\"_ _7\"></span>aid to loca<span class=\"_ _7\"></span>l regulator<span class=\"_ _7\"></span>y so<span class=\"_ _7\"></span>lvency a<span class=\"_ _7\"></span>nd ris<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span>-based c<span class=\"_ _7\"></span>apit<span class=\"_ _7\"></span>al requi<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nts. All </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsba0\">foreig<span class=\"_ _7\"></span>n curre<span class=\"_ _7\"></span>ncy de<span class=\"_ _7\"></span>rivative tra<span class=\"_ _7\"></span>nsactio<span class=\"_ _7\"></span>ns with ex<span class=\"_ _7\"></span>terna<span class=\"_ _7\"></span>l par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s are mana<span class=\"_ _7\"></span>ged ce<span class=\"_ _7\"></span>ntrall<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. T<span class=\"_ _7\"></span>he Grou<span class=\"_ _7\"></span>p also ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>s some exchan<span class=\"_ _7\"></span>ge </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsba1\">ris<span class=\"_ _7\"></span>k centra<span class=\"_ _7\"></span>lly throug<span class=\"_ _7\"></span>h matching intra<span class=\"_ _7\"></span>group loa<span class=\"_ _7\"></span>ns and b<span class=\"_ _7\"></span>alanc<span class=\"_ _7\"></span>es.<span class=\"_ _304\"> </span></div>Structural c<span class=\"_ _9\"></span>urrency risk<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s exp<span class=\"_ _7\"></span>osure to struc<span class=\"_ _7\"></span>tural cu<span class=\"_ _7\"></span>rrency r<span class=\"_ _7\"></span>isks ma<span class=\"_ _7\"></span>inly re<span class=\"_ _7\"></span>lates to St<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rling a<span class=\"_ _7\"></span>nd Euro net investm<span class=\"_ _7\"></span>ents in bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>ses o<span class=\"_ _7\"></span>peratin<span class=\"_ _7\"></span>g in the UK a<span class=\"_ _7\"></span>nd Europe. Th<span class=\"_ _7\"></span>e Group do<span class=\"_ _7\"></span>es not ordi<span class=\"_ _7\"></span>nari<span class=\"_ _7\"></span>ly see<span class=\"_ _7\"></span>k to use der<span class=\"_ _7\"></span>ivatives to mitig<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e the str<span class=\"_ _7\"></span>uctura<span class=\"_ _7\"></span>l risk b<span class=\"_ _7\"></span>ecau<span class=\"_ _7\"></span>se:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the curre<span class=\"_ _7\"></span>ncy tran<span class=\"_ _7\"></span>slation g<span class=\"_ _7\"></span>ains an<span class=\"_ _7\"></span>d losse<span class=\"_ _7\"></span>s are acc<span class=\"_ _7\"></span>ounted for in th<span class=\"_ _7\"></span>e curre<span class=\"_ _7\"></span>ncy trans<span class=\"_ _7\"></span>lation re<span class=\"_ _7\"></span>ser<span class=\"_ _7\"></span>ve (a compo<span class=\"_ _7\"></span>nent of equ<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y) and </span>do not af<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t the inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt unle<span class=\"_ _7\"></span>ss the rel<span class=\"_ _7\"></span>ated foreign o<span class=\"_ _7\"></span>peratio<span class=\"_ _7\"></span>n is disp<span class=\"_ _7\"></span>osed of;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\">the curre<span class=\"_ _7\"></span>ncy trans<span class=\"_ _7\"></span>lation ga<span class=\"_ _7\"></span>ins and l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s have no cash fl<span class=\"_ _7\"></span>ow<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span></span>In pe<span class=\"_ _7\"></span>riods of s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant volati<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y that are expe<span class=\"_ _7\"></span>cted to pers<span class=\"_ _7\"></span>ist for an ex<span class=\"_ _7\"></span>tende<span class=\"_ _7\"></span>d peri<span class=\"_ _7\"></span>od of time, the Grou<span class=\"_ _7\"></span>p may elec<span class=\"_ _7\"></span>t to utilise der<span class=\"_ _7\"></span>ivatives to mitig<span class=\"_ _7\"></span>ate or reduc<span class=\"_ _7\"></span>e the risk i<span class=\"_ _7\"></span>n order to pres<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ve cap<span class=\"_ _7\"></span>ital.<span class=\"_ _304\"> </span>The c<span class=\"_ _7\"></span>urre<span class=\"_ _7\"></span>ncy profile of the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s ass<span class=\"_ _7\"></span>ets and lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es is as fol<span class=\"_ _7\"></span>lows<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar ende<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _304\"> </span><table class=\"s w212 hae\" id=\"_bfc13e4a-cb12-4382-95ce-cdb372f355d2\"><tr><td></td><td></td><td class=\"t m0 x498 h43 y1f99 ff64 fs28 fc2 sc0 ls145 ws1dc\">US Dol<span class=\"_ _9\"></span>lar </td><td class=\"t m0 x499 h43 y1f99 ff64 fs28 fc2 sc0 lsa1 wsba\">Ster<span class=\"_ _7\"></span>ling<span class=\"_ _304\"> </span></td><td class=\"t m0 x30d h43 y1f99 ff64 fs28 fc2 sc0 ls174 ws23e\">Euro<span class=\"_ _304\"> </span></td><td class=\"t m0 x49a h43 y1f99 ff64 fs28 fc2 sc0 ls131 ws1bc\">Other<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y1f99 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x3d6 h43 y1f9a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d7 h43 y1f9a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h43 y1f9a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h43 y1f9a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y1f9a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td></tr><tr><td class=\"c n x1b7 y1f33 w213 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Goodwill and intangible asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x49b y1f33 w214 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">1<span class=\"_ _9\"></span>26.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x49c y1f33 w65 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x49d y1f33 w215 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">65.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x49e y1f33 w216 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">6.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x49f y1f33 w217 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">323.9<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1f34 w10c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at fai<span class=\"_ _7\"></span>r value<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x4a0 y1f34 w207 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">4,691<span class=\"_ _9\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x4a1 y1f34 w218 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x4a2 y1f34 w219 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">6<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4a3 y1f34 w21a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>1.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4a4 y1f34 w71 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,<span class=\"_ _7\"></span>57<span class=\"_ _a\"></span>4.4<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1f9b w16c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Cash and<span class=\"_ _9\"></span> cash equivalen<span class=\"_ _9\"></span>ts<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x4a5 y1f9b w21b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">819<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4a6 y1f9b w21c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">3<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x4a7 y1f9b w21d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x310 y1f9b w21e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x4a8 y1f9b w21f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>4<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1f36 w220 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Reinsurance cont<span class=\"_ _9\"></span>ract held asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x4a9 y1f36 w221 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">1,71<span class=\"_ _9\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4aa y1f36 w22 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20<span class=\"_ _7\"></span>3.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ab y1f36 w12e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ac y1f36 wa4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">26.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ad y1f36 w95 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2,0<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1f9c w222 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">Oth<span class=\"_ _7\"></span>er as<span class=\"_ _7\"></span>sets<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x4ae y1f9c w223 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d wsf4\">385.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x4af y1f9c w224 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls155 ws204\">14<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4b0 y1f9c w225 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">3<span class=\"_ _7\"></span>9.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x4b1 y1f9c w5d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">55.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x4b2 y1f9c w226 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">626.9<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1f9d w82 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c ws45\">T<span class=\"_ _a\"></span>otal assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x4b3 y1f9d w227 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsab wsc8\">7,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x4b4 y1f9d w228 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsab wsc8\">4<span class=\"_ _8\"></span>.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x4b5 y1f9d w1cf h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x4b6 y1f9d w229 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>7.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x4b7 y1f9d w22a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">366.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x4b8 y1f9d w22b h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls12a ws1ee\">11<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1f9e w1bd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance cont<span class=\"_ _9\"></span>ract liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x4b9 y1f9e w12 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">4,8<span class=\"_ _7\"></span>93.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ba y1f9e w22c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">76<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4bb y1f9e w1e9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">8<span class=\"_ _7\"></span>45.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x4bc y1f9e w22d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4bd y1f9e w22e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,6<span class=\"_ _7\"></span>04.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1f9f w22f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Other liabilities<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x4be y1f9f w230 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">92.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x4bf y1f9f w231 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">93<span class=\"_ _7\"></span>9.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c0 y1f9f wa2 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">96.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c1 y1f9f w232 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">31.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c2 y1f9f w233 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1,1<span class=\"_ _7\"></span>5<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1fa0 wb2 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb3 wsa3\">T<span class=\"_ _a\"></span>ota<span class=\"_ _7\"></span>l liabilitie<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x4c3 y1fa0 w234 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">4,9<span class=\"_ _7\"></span>85.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c4 y1fa0 w235 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c5 y1fa0 waf h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">9<span class=\"_ _7\"></span>42.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c6 y1fa0 w236 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">131.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c7 y1fa0 w237 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsab wsc8\">7,<span class=\"_ _7\"></span>7<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c8 y1fa0 w238 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsab wsc8\">3<span class=\"_ _8\"></span>.<span class=\"_ _c\"> </span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w9e h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsaf\">T<span class=\"_ _a\"></span>otal e<span class=\"_ _7\"></span>quity<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x4c9 y1e80 w239 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls140 ws226\">2<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>74<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ca y1e80 w23a h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x4cb y1e80 w23b h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsad wsca\">17<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x320 y1e80 w1e9 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">23<span class=\"_ _7\"></span>4.6<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x4cc y1e80 w99 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws117\">3,<span class=\"_ _7\"></span>296.7<span class=\"_ _304\"> </span></div></td></tr></table>Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022 (restated)<span class=\"_ _304\"> </span><table class=\"s w23c haf\" id=\"_c60e2a6a-ac5a-4d17-9eec-b60747b8db67\"><tr><td></td><td class=\"t m0 x4cd h44 y1fa1 ff5f fs28 fc2 sc0 ls10a ws15e\">US Dollar<span class=\"_ _9\"></span> </td><td class=\"t m0 x499 h44 y1fa1 ff5f fs28 fc2 sc0 lsa0 wsb9\">Sterlin<span class=\"_ _9\"></span>g<span class=\"_ _304\"> </span></td><td class=\"t m0 x30d h44 y1fa1 ff5f fs28 fc2 sc0 ls174 ws23e\">Euro<span class=\"_ _304\"> </span></td><td class=\"t m0 x49a h44 y1fa1 ff5f fs28 fc2 sc0 ls3 ws90\">Other<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y1fa1 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3d6 h44 y1fa2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d7 h44 y1fa2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h44 y1fa2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h44 y1fa2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y1fa2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1fa3 w213 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Goodwill and intangible asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ce y1fa3 w23d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">13<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4cf y1fa3 w23e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">13<span class=\"_ _7\"></span>1.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d0 y1fa3 wbb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">4<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d1 y1fa3 w23f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">6.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d2 y1fa3 w62 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">320.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa4 w10c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at fai<span class=\"_ _7\"></span>r value<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d3 y1fa4 w240 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">4<span class=\"_ _7\"></span>,1<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>5<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d4 y1fa4 w241 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws98\">938.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d5 y1fa4 w242 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">5<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d6 y1fa4 w243 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls10e ws166\">19<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d7 y1fa4 w244 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa5 w16c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Cash and<span class=\"_ _9\"></span> cash equivalen<span class=\"_ _9\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d8 y1fa5 w245 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d9 y1fa5 w246 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">24<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x4da y1fa5 w247 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">229.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x4db y1fa5 w248 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">9<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x4dc y1fa5 w80 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa6 w220 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Reinsurance cont<span class=\"_ _9\"></span>ract held asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x4dd y1fa6 w19c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x4de y1fa6 w210 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>4.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x476 y1fa6 w21a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls10d ws164\">17<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x4df y1fa6 w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">9<span class=\"_ _7\"></span>4.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e0 y1fa6 w249 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"> </span>5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa7 w222 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">Oth<span class=\"_ _7\"></span>er as<span class=\"_ _7\"></span>sets<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e1 y1fa7 wa1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">9<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e2 y1fa7 w24a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">2<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e3 y1fa7 w24b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">33.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e4 y1fa7 w24c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e5 y1fa7 w24d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">3<span class=\"_ _7\"></span>62.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f9d w24e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c wsf1\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _8\"></span> a<span class=\"_ _2c\"></span>s<span class=\"_ _8\"></span>s<span class=\"_ _2c\"></span>e<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e6 y1f9d w24f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>1<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.<span class=\"_ _c\"> </span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e7 y1f9d w81 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e8 y1f9d w250 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e9 y1f9d w251 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsee ws13a\">412<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ea y1f9d w84 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">10,<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa8 w1bd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance cont<span class=\"_ _9\"></span>ract liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n x4eb y1fa8 w252 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4,677<span class=\"_ _a\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ec y1fa8 w253 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">9<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ed y1fa8 w254 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">84<span class=\"_ _7\"></span>9.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x3dd y1fa8 w255 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">20<span class=\"_ _7\"></span>4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ee y1fa8 wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">6,6<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa9 w22f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Other liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x4be y1fa9 w256 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">6<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ef y1fa9 w3b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">856<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f0 y1fa9 w257 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f1 y1fa9 w123 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">3.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f2 y1fa9 w80 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa0 w258 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">T<span class=\"_ _a\"></span>otal liabi<span class=\"_ _9\"></span>lities<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f3 y1fa0 w1f8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">4,7<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f4 y1fa0 w259 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>19<span class=\"_ _8\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f5 y1fa0 w25a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">9<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f6 y1fa0 w25b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws11c\">208.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f7 y1fa0 w24f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _8\"></span>7<span class=\"_ _2c\"></span>2<span class=\"_ _2c\"></span>8<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w25c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal equity<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f8 y1e80 w25d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>74<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f9 y1e80 w25e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x4fa y1e80 w248 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsee ws13a\">41.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x4fb y1e80 w25f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws11c\">20<span class=\"_ _7\"></span>3.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x4fc y1e80 w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,6<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>5.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr></table><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gsbb3\">Sensitivity analysis<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbb4\">As at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mber<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023, the Grou<span class=\"_ _7\"></span>p used cl<span class=\"_ _7\"></span>osing r<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s of e<span class=\"_ _9\"></span>xcha<span class=\"_ _7\"></span>nge of $1<span class=\"_ _a\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>\u00a30.<span class=\"_ _a\"></span>78 and $1<span class=\"_ _a\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>\u20ac0.9<span class=\"_ _9\"></span>1 (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$1<span class=\"_ _a\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>\u00a30.83 and $1<span class=\"_ _a\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>\u20ac0.94<span class=\"_ _9\"></span>).<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbb5\">The G<span class=\"_ _7\"></span>roup pe<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>forms a s<span class=\"_ _7\"></span>ensiti<span class=\"_ _7\"></span>vit<span class=\"_ _7\"></span>y ana<span class=\"_ _7\"></span>lysis ba<span class=\"_ _7\"></span>sed on a 1<span class=\"_ _9\"></span>0% streng<span class=\"_ _7\"></span>thenin<span class=\"_ _7\"></span>g or weaken<span class=\"_ _7\"></span>ing of the US Do<span class=\"_ _7\"></span>llar ag<span class=\"_ _7\"></span>ainst S<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rling.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbb6\">Thi<span class=\"_ _7\"></span>s anal<span class=\"_ _7\"></span>ysis as<span class=\"_ _7\"></span>sume<span class=\"_ _7\"></span>s that all othe<span class=\"_ _7\"></span>r varia<span class=\"_ _7\"></span>bles, in pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ticula<span class=\"_ _7\"></span>r interest rates, re<span class=\"_ _7\"></span>main c<span class=\"_ _7\"></span>onstant a<span class=\"_ _7\"></span>nd that the u<span class=\"_ _7\"></span>nder<span class=\"_ _7\"></span>lying va<span class=\"_ _7\"></span>luation of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbb7\">ass<span class=\"_ _7\"></span>ets and lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es in the<span class=\"_ _7\"></span>ir base cu<span class=\"_ _7\"></span>rren<span class=\"_ _7\"></span>cy is unch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>d. The esti<span class=\"_ _7\"></span>mated sens<span class=\"_ _7\"></span>itivi<span class=\"_ _7\"></span>ties be<span class=\"_ _7\"></span>low take acco<span class=\"_ _7\"></span>unt of the retrans<span class=\"_ _7\"></span>lation </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsbb8\">mov<span class=\"_ _9\"></span>ements of<span class=\"_ _9\"></span> foreign currenc<span class=\"_ _9\"></span>y monetar<span class=\"_ _7\"></span>y asse<span class=\"_ _9\"></span>ts and liabilit<span class=\"_ _9\"></span>ies in Group ent<span class=\"_ _9\"></span>ities, and<span class=\"_ _9\"></span>, for<span class=\"_ _9\"></span> the effect on equity<span class=\"_ _a\"></span>, the impact<span class=\"_ _9\"></span> on the<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsbb9\">ret<span class=\"_ _9\"></span>ranslation o<span class=\"_ _9\"></span>f entit<span class=\"_ _9\"></span>ies with non-US<span class=\"_ _9\"></span> Dollar functional currencies.<span class=\"_ _9\"></span> The methodology includes<span class=\"_ _9\"></span> inter<span class=\"_ _a\"></span>-company balances tha<span class=\"_ _9\"></span>t are<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbba\">elim<span class=\"_ _7\"></span>inated on co<span class=\"_ _7\"></span>nsoli<span class=\"_ _7\"></span>dation, but sti<span class=\"_ _7\"></span>ll expose th<span class=\"_ _7\"></span>e Group to foreig<span class=\"_ _7\"></span>n curre<span class=\"_ _7\"></span>ncy ris<span class=\"_ _7\"></span>k.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbbb\">Dur<span class=\"_ _7\"></span>ing the yea<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>, the G<span class=\"_ _7\"></span>roup trans<span class=\"_ _7\"></span>acted in a nu<span class=\"_ _7\"></span>mber of over<span class=\"_ _9\"></span>-the-co<span class=\"_ _7\"></span>unter for<span class=\"_ _7\"></span>ward cur<span class=\"_ _7\"></span>rency d<span class=\"_ _7\"></span>eri<span class=\"_ _7\"></span>vative contracts. T<span class=\"_ _7\"></span>he impa<span class=\"_ _7\"></span>ct of these </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsbbc\">contract<span class=\"_ _9\"></span>s on the<span class=\"_ _9\"></span> sensitivity analysis is negligible<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gsbbd\">As at 31 Dece<span class=\"_ _7\"></span>mber</div><div class=\"gsbbe\"><table class=\"s w260 hb0\" id=\"_c319649f-ec20-4cc9-bf65-51f3282e07e5\"><tr><td></td><td></td><td></td><td class=\"t m0 x1b2 h44 y1faa ff5f fs28 fc2 sc0 lsa0 ws1e0\"> <span class=\"_ _14\"> </span>December 2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x484 h44 y1faa ff5f fs28 fc2 sc0 lsa0 ws1e0\"> <span class=\"_ _14\"> </span>December 2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x482 h43 y1fab ff64 fs28 fc2 sc0 ls145 ws1dc\"> <span class=\"_ _12\"> </span>De<span class=\"_ _7\"></span>cember<span class=\"_ _9\"></span> 2023<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x483 h43 y1fab ff64 fs28 fc2 sc0 ls145 ws1dc\"> <span class=\"_ _12\"> </span>De<span class=\"_ _7\"></span>cember<span class=\"_ _9\"></span> 2023<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x1b2 h44 y1fab ff5f fs28 fc2 sc0 ls10a ws15e\"> <span class=\"_ _1\"> </span>effect on equity<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x484 h44 y1fab ff5f fs28 fc2 sc0 ls10a ws15e\"> <span class=\"_ _0\"> </span>effect on profit<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x482 h43 y1fac ff64 fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _14\"> </span>ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct on e<span class=\"_ _7\"></span>qui<span class=\"_ _7\"></span>ty<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x483 h43 y1fac ff64 fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _88\"> </span>ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct on p<span class=\"_ _7\"></span>rof<span class=\"_ _7\"></span>it<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x1b2 h44 y1fac ff5f fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _7f\"> </span>af<span class=\"_ _7\"></span>ter t<span class=\"_ _7\"></span>ax</td><td class=\"t m0 x484 h44 y1fac ff5f fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _f6\"> </span>b<span class=\"_ _7\"></span>efo<span class=\"_ _7\"></span>re ta<span class=\"_ _7\"></span>x</td></tr><tr><td></td><td class=\"t m0 x482 h43 y1fad ff64 fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _3f\"> </span>af<span class=\"_ _7\"></span>te<span class=\"_ _7\"></span>r ta<span class=\"_ _7\"></span>x</td><td class=\"t m0 x483 h43 y1fad ff64 fs28 fc2 sc0 lsf3 ws1d9\"> <span class=\"_ _7c\"> </span>before tax<span class=\"_ _304\"> </span></td><td class=\"t m0 x4fd h44 y1fad ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td><td class=\"t m0 x4fe h44 y1fad ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x41f h43 y1fae ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y1fae ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h44 y1fae ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1fae ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1e7d w261 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Strengthening o<span class=\"_ _9\"></span>f Sterling<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ff y1e7d w248 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x500 y1e7d w262 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x501 y1e7d w263 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">6<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x502 y1e7d w264 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w265 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Weak<span class=\"_ _9\"></span>ening of St<span class=\"_ _9\"></span>erling<span class=\"_ _304\"> </span></div></td><td class=\"c n x503 y1e80 w157 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>7<span class=\"_ _c\"> </span>7.<span class=\"_ _8\"></span>4<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x504 y1e80 w266 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(13<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x505 y1e80 w267 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>62.<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x506 y1e80 w268 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 h4d ff68 fs7 fc3 sc0 ls38 ws41 gsbbf\">(g<span class=\"_ _9\"></span>) Li<span class=\"_ _7\"></span>mitations of se<span class=\"_ _7\"></span>nsit<span class=\"_ _7\"></span>ivit<span class=\"_ _7\"></span>y analy<span class=\"_ _7\"></span>sis<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbc0\">The s<span class=\"_ _7\"></span>ensi<span class=\"_ _7\"></span>tivit<span class=\"_ _7\"></span>y infor<span class=\"_ _7\"></span>mation gi<span class=\"_ _7\"></span>ven in notes 3.3 (a) t<span class=\"_ _9\"></span>o (f<span class=\"_ _7\"></span>) demo<span class=\"_ _7\"></span>nstrates the e<span class=\"_ _7\"></span>stimated impa<span class=\"_ _7\"></span>ct of a chan<span class=\"_ _7\"></span>ge in a maj<span class=\"_ _7\"></span>or inpu<span class=\"_ _7\"></span>t assu<span class=\"_ _7\"></span>mption, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsbc1\">while ot<span class=\"_ _9\"></span>her assumption<span class=\"_ _9\"></span>s remain unchanged.<span class=\"_ _9\"></span> In reality<span class=\"_ _a\"></span>, there are<span class=\"_ _9\"></span> normally significant lev<span class=\"_ _9\"></span>els of correla<span class=\"_ _9\"></span>tion between the<span class=\"_ _9\"></span> assumptions<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbc2\">and othe<span class=\"_ _7\"></span>r factors. It sh<span class=\"_ _7\"></span>ould al<span class=\"_ _7\"></span>so be noted that the<span class=\"_ _7\"></span>se sen<span class=\"_ _7\"></span>sitivi<span class=\"_ _7\"></span>ties are n<span class=\"_ _7\"></span>on-lin<span class=\"_ _7\"></span>ear<span class=\"_ _a\"></span>, a<span class=\"_ _7\"></span>nd larg<span class=\"_ _7\"></span>er or sm<span class=\"_ _7\"></span>alle<span class=\"_ _7\"></span>r impacts s<span class=\"_ _7\"></span>hould n<span class=\"_ _7\"></span>ot be </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbc3\">interp<span class=\"_ _7\"></span>olated or ex<span class=\"_ _7\"></span>trapo<span class=\"_ _7\"></span>lated from the<span class=\"_ _7\"></span>se resu<span class=\"_ _7\"></span>lts. The s<span class=\"_ _7\"></span>ame lim<span class=\"_ _7\"></span>itations ex<span class=\"_ _7\"></span>ist in res<span class=\"_ _7\"></span>pect to the retire<span class=\"_ _7\"></span>ment be<span class=\"_ _7\"></span>nefit sc<span class=\"_ _7\"></span>hem<span class=\"_ _7\"></span>e sensi<span class=\"_ _7\"></span>tivitie<span class=\"_ _7\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbc4\">pres<span class=\"_ _7\"></span>ented in note 2<span class=\"_ _9\"></span>4 t<span class=\"_ _9\"></span>o the<span class=\"_ _7\"></span>se fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements. Fur<span class=\"_ _7\"></span>ther<span class=\"_ _7\"></span>more, estim<span class=\"_ _7\"></span>ates of sensi<span class=\"_ _7\"></span>tivit<span class=\"_ _7\"></span>y may be<span class=\"_ _7\"></span>come le<span class=\"_ _7\"></span>ss rel<span class=\"_ _7\"></span>iabl<span class=\"_ _7\"></span>e in unusu<span class=\"_ _7\"></span>al </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbc5\">mar<span class=\"_ _7\"></span>ket conditi<span class=\"_ _7\"></span>ons, such a<span class=\"_ _7\"></span>s insta<span class=\"_ _7\"></span>nces w<span class=\"_ _7\"></span>hen r<span class=\"_ _7\"></span>isk<span class=\"_ _9\"></span>-free intere<span class=\"_ _7\"></span>st rates fall towards zero.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbc6\">The s<span class=\"_ _7\"></span>ensi<span class=\"_ _7\"></span>tivit<span class=\"_ _7\"></span>y ana<span class=\"_ _7\"></span>lysis d<span class=\"_ _7\"></span>oes not ta<span class=\"_ _7\"></span>ke int<span class=\"_ _9\"></span>o co<span class=\"_ _7\"></span>nside<span class=\"_ _7\"></span>ration that the G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s as<span class=\"_ _7\"></span>sets and l<span class=\"_ _7\"></span>iabil<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>re activel<span class=\"_ _7\"></span>y manag<span class=\"_ _7\"></span>ed. Additio<span class=\"_ _7\"></span>nally<span class=\"_ _9\"></span>, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbc7\">the fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l positi<span class=\"_ _7\"></span>on of the Group m<span class=\"_ _7\"></span>ay var<span class=\"_ _7\"></span>y at the time that a<span class=\"_ _7\"></span>ny actual m<span class=\"_ _7\"></span>arket moveme<span class=\"_ _7\"></span>nt occu<span class=\"_ _7\"></span>rs. For examp<span class=\"_ _7\"></span>le, the Group\u2019<span class=\"_ _a\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbc8\">fina<span class=\"_ _7\"></span>ncial r<span class=\"_ _7\"></span>isk ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>ment strateg<span class=\"_ _7\"></span>y aims to man<span class=\"_ _7\"></span>age the expo<span class=\"_ _7\"></span>sure to market fluc<span class=\"_ _7\"></span>tuations. A<span class=\"_ _7\"></span>s investment m<span class=\"_ _7\"></span>arkets move past </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsbc9\">various trigger lev<span class=\"_ _9\"></span>els, management actions<span class=\"_ _9\"></span> could include selling in<span class=\"_ _9\"></span>vestments<span class=\"_ _9\"></span>, changing inv<span class=\"_ _9\"></span>estment por<span class=\"_ _7\"></span>tfolio allocat<span class=\"_ _9\"></span>ion and<span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsbca\">taking ot<span class=\"_ _9\"></span>her prot<span class=\"_ _9\"></span>ective<span class=\"_ _9\"></span> action<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls3b ws44 gsbcc\">3.4 Capital risk management </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsbcd\">The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s primar<span class=\"_ _7\"></span>y objectiv<span class=\"_ _9\"></span>es when managing its<span class=\"_ _9\"></span> capital position are<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsbce\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gsbcf\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>t<span class=\"_ _9\"></span>o safe<span class=\"_ _7\"></span>guard i<span class=\"_ _7\"></span>ts abili<span class=\"_ _7\"></span>ty to continu<span class=\"_ _7\"></span>e as a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>go<span class=\"_ _7\"></span>ing con<span class=\"_ _7\"></span>cern, so th<span class=\"_ _7\"></span>at it can c<span class=\"_ _7\"></span>ontinue to provid<span class=\"_ _7\"></span>e long-term grow<span class=\"_ _7\"></span>th an<span class=\"_ _7\"></span>d progres<span class=\"_ _7\"></span>sive </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls21 ws99 gsbd0\">dividen<span class=\"_ _9\"></span>d re<span class=\"_ _9\"></span>turns<span class=\"_ _9\"></span> for<span class=\"_ _9\"></span> sharehol<span class=\"_ _9\"></span>ders<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsbd1\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gsbd2\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>t<span class=\"_ _9\"></span>o provi<span class=\"_ _7\"></span>de an ade<span class=\"_ _7\"></span>quate return to the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s share<span class=\"_ _7\"></span>hold<span class=\"_ _7\"></span>ers by pri<span class=\"_ _7\"></span>cing its i<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce produ<span class=\"_ _7\"></span>cts and se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>es com<span class=\"_ _7\"></span>mens<span class=\"_ _7\"></span>urately <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbd3\">with the l<span class=\"_ _7\"></span>evel of risk; </div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsbd4\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gsbd5\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>t<span class=\"_ _9\"></span>o ma<span class=\"_ _7\"></span>intain a<span class=\"_ _7\"></span>n ef<span class=\"_ _7\"></span>ficien<span class=\"_ _7\"></span>t cost of ca<span class=\"_ _7\"></span>pital; </span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gsbd6\">A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>to compl<span class=\"_ _7\"></span>y with al<span class=\"_ _7\"></span>l regulator<span class=\"_ _7\"></span>y re<span class=\"_ _7\"></span>quirem<span class=\"_ _7\"></span>ents by an ap<span class=\"_ _7\"></span>propri<span class=\"_ _7\"></span>ate margin;<span class=\"_ _9\"></span> </span></span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gsbd7\">A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>to mainta<span class=\"_ _7\"></span>in finan<span class=\"_ _7\"></span>cial stre<span class=\"_ _7\"></span>ngth ratin<span class=\"_ _7\"></span>gs of A in each of i<span class=\"_ _7\"></span>ts insura<span class=\"_ _7\"></span>nce enti<span class=\"_ _7\"></span>ties; and<span class=\"_ _304\"> </span></span></span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gsbd8\">A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>to settl<span class=\"_ _7\"></span>e policy<span class=\"_ _7\"></span>hold<span class=\"_ _7\"></span>ers\u2019 claim<span class=\"_ _7\"></span>s as they ar<span class=\"_ _7\"></span>ise.<span class=\"_ _304\"> </span></span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbd9\">The G<span class=\"_ _7\"></span>roup sets th<span class=\"_ _7\"></span>e amount of c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>l requi<span class=\"_ _7\"></span>red in its fu<span class=\"_ _7\"></span>nding s<span class=\"_ _7\"></span>tructure i<span class=\"_ _7\"></span>n propor<span class=\"_ _7\"></span>tio<span class=\"_ _7\"></span>n t<span class=\"_ _9\"></span>o ri<span class=\"_ _7\"></span>sk. The G<span class=\"_ _7\"></span>roup the<span class=\"_ _7\"></span>n manag<span class=\"_ _7\"></span>es the c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>l </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbda\">stru<span class=\"_ _7\"></span>cture and m<span class=\"_ _7\"></span>akes adju<span class=\"_ _7\"></span>stments to it in the li<span class=\"_ _7\"></span>ght of cha<span class=\"_ _7\"></span>nges in e<span class=\"_ _7\"></span>cono<span class=\"_ _7\"></span>mic co<span class=\"_ _7\"></span>ndition<span class=\"_ _7\"></span>s and the r<span class=\"_ _7\"></span>isk cha<span class=\"_ _7\"></span>racteri<span class=\"_ _7\"></span>stics of the un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>lying </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbdb\">ass<span class=\"_ _7\"></span>ets. In order to obtai<span class=\"_ _7\"></span>n or maint<span class=\"_ _7\"></span>ain an optim<span class=\"_ _7\"></span>al cap<span class=\"_ _7\"></span>ital str<span class=\"_ _7\"></span>ucture, the G<span class=\"_ _7\"></span>roup may adju<span class=\"_ _7\"></span>st the amo<span class=\"_ _7\"></span>unt of divi<span class=\"_ _7\"></span>dend<span class=\"_ _7\"></span>s paid to </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbdc\">sha<span class=\"_ _7\"></span>rehol<span class=\"_ _7\"></span>ders, retur<span class=\"_ _7\"></span>n cap<span class=\"_ _7\"></span>ital to share<span class=\"_ _7\"></span>hold<span class=\"_ _7\"></span>ers, is<span class=\"_ _7\"></span>sue new sh<span class=\"_ _7\"></span>ares, as<span class=\"_ _7\"></span>sume d<span class=\"_ _7\"></span>ebt, or sell as<span class=\"_ _7\"></span>sets to reduce d<span class=\"_ _7\"></span>ebt.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsbdd\">The Group measures<span class=\"_ _9\"></span> its capital requir<span class=\"_ _9\"></span>ements against<span class=\"_ _9\"></span> its av<span class=\"_ _9\"></span>ailable capital.<span class=\"_ _9\"></span> Avai<span class=\"_ _9\"></span>lable capital is defined b<span class=\"_ _9\"></span>y the Gr<span class=\"_ _9\"></span>oup as the<span class=\"_ _9\"></span> to<span class=\"_ _9\"></span>tal of<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbde\">net ta<span class=\"_ _7\"></span>ngible a<span class=\"_ _7\"></span>sset val<span class=\"_ _7\"></span>ue and s<span class=\"_ _7\"></span>ubordin<span class=\"_ _7\"></span>ated debt.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbdf\">The s<span class=\"_ _7\"></span>ubordi<span class=\"_ _7\"></span>nated debt is<span class=\"_ _7\"></span>sued by the G<span class=\"_ _7\"></span>roup is hyb<span class=\"_ _7\"></span>rid in natu<span class=\"_ _7\"></span>re, which me<span class=\"_ _7\"></span>ans it c<span class=\"_ _7\"></span>ounts towards regu<span class=\"_ _7\"></span>latory a<span class=\"_ _7\"></span>nd rating ag<span class=\"_ _7\"></span>ency </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls18 ws4c gsbe0\">ca<span class=\"_ _7\"></span>pital re<span class=\"_ _7\"></span>quire<span class=\"_ _7\"></span>ments.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbe1\">At 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 202<span class=\"_ _9\"></span>3, the avail<span class=\"_ _7\"></span>able c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>l was $3,323<span class=\"_ _9\"></span>.4 millio<span class=\"_ _7\"></span>n (2<span class=\"_ _9\"></span>022 restated: $2<span class=\"_ _9\"></span>,645.4 million)<span class=\"_ _9\"></span>, com<span class=\"_ _7\"></span>pris<span class=\"_ _7\"></span>ing net ta<span class=\"_ _7\"></span>ngibl<span class=\"_ _7\"></span>e asset </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbe2\">value of $2,9<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>.8 milli<span class=\"_ _7\"></span>on (2022 restated: $2<span class=\"_ _9\"></span>3<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>4.6 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>) an<span class=\"_ _7\"></span>d subord<span class=\"_ _7\"></span>inated debt of $3<span class=\"_ _7\"></span>50<span class=\"_ _9\"></span>.6 milli<span class=\"_ _7\"></span>on (202<span class=\"_ _9\"></span>2: $330.8 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>).<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbe3\">The G<span class=\"_ _7\"></span>roup ca<span class=\"_ _7\"></span>n sourc<span class=\"_ _7\"></span>e additio<span class=\"_ _7\"></span>nal fu<span class=\"_ _7\"></span>nding f<span class=\"_ _7\"></span>rom revolvin<span class=\"_ _7\"></span>g credi<span class=\"_ _7\"></span>t and Let<span class=\"_ _7\"></span>ter of Credit (<span class=\"_ _7\"></span>L<span class=\"_ _9\"></span>OC) facil<span class=\"_ _7\"></span>ities. St<span class=\"_ _7\"></span>andby fu<span class=\"_ _7\"></span>nding f<span class=\"_ _7\"></span>rom thes<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbe4\">sourc<span class=\"_ _7\"></span>es com<span class=\"_ _7\"></span>pris<span class=\"_ _7\"></span>ed $931 million at 31 Dece<span class=\"_ _7\"></span>mber 2023 (2022<span class=\"_ _9\"></span>: $93<span class=\"_ _9\"></span>1 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbe5\">The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s bo<span class=\"_ _7\"></span>rrowing fa<span class=\"_ _7\"></span>cilitie<span class=\"_ _7\"></span>s incl<span class=\"_ _7\"></span>ude fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l covenants th<span class=\"_ _7\"></span>at are stan<span class=\"_ _7\"></span>dard in su<span class=\"_ _7\"></span>ch arr<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>ments, inc<span class=\"_ _7\"></span>luding c<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>tai<span class=\"_ _7\"></span>n balan<span class=\"_ _7\"></span>ce </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbe6\">she<span class=\"_ _7\"></span>et metric<span class=\"_ _7\"></span>s. The<span class=\"_ _7\"></span>se are mo<span class=\"_ _7\"></span>nitored on a re<span class=\"_ _7\"></span>gular b<span class=\"_ _7\"></span>asis, at le<span class=\"_ _7\"></span>ast qua<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>terly<span class=\"_ _9\"></span>, but more f<span class=\"_ _7\"></span>reque<span class=\"_ _7\"></span>ntly wh<span class=\"_ _7\"></span>ere nec<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbe7\">The B<span class=\"_ _7\"></span>oard en<span class=\"_ _7\"></span>sures that th<span class=\"_ _7\"></span>e use an<span class=\"_ _7\"></span>d alloc<span class=\"_ _7\"></span>ation of ca<span class=\"_ _7\"></span>pital a<span class=\"_ _7\"></span>re given a pr<span class=\"_ _7\"></span>imar<span class=\"_ _7\"></span>y fo<span class=\"_ _7\"></span>cus in al<span class=\"_ _7\"></span>l signi<span class=\"_ _7\"></span>ficant o<span class=\"_ _7\"></span>peratio<span class=\"_ _7\"></span>nal acti<span class=\"_ _7\"></span>ons. With that </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbe8\">in min<span class=\"_ _7\"></span>d, the Group ha<span class=\"_ _7\"></span>s develop<span class=\"_ _7\"></span>ed and e<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>dded c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>l mode<span class=\"_ _7\"></span>lling tools w<span class=\"_ _7\"></span>ithin its b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss. Th<span class=\"_ _7\"></span>ese joi<span class=\"_ _7\"></span>n t<span class=\"_ _9\"></span>og<span class=\"_ _7\"></span>ether sh<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>m and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbe9\">long<span class=\"_ _7\"></span>-<span class=\"_ _9\"></span>term b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss pla<span class=\"_ _7\"></span>ns and l<span class=\"_ _7\"></span>ink div<span class=\"_ _7\"></span>ision<span class=\"_ _7\"></span>al asp<span class=\"_ _7\"></span>irations w<span class=\"_ _7\"></span>ith the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s ov<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rall strateg<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbea\">The m<span class=\"_ _7\"></span>odel p<span class=\"_ _7\"></span>rovides th<span class=\"_ _7\"></span>e basis of the a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>ation of cap<span class=\"_ _7\"></span>ital to dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nt busi<span class=\"_ _7\"></span>ness l<span class=\"_ _7\"></span>ines, as we<span class=\"_ _7\"></span>ll as the re<span class=\"_ _7\"></span>gulator<span class=\"_ _7\"></span>y and rati<span class=\"_ _7\"></span>ng agen<span class=\"_ _7\"></span>cy </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsbeb\">capital processes.<span class=\"_ _304\"> </span></div>Gearing<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup cu<span class=\"_ _7\"></span>rrently u<span class=\"_ _7\"></span>tilise<span class=\"_ _7\"></span>s gear<span class=\"_ _7\"></span>ing as a<span class=\"_ _7\"></span>n additio<span class=\"_ _7\"></span>nal so<span class=\"_ _7\"></span>urce of fun<span class=\"_ _7\"></span>ds to max<span class=\"_ _7\"></span>imise th<span class=\"_ _7\"></span>e oppor<span class=\"_ _7\"></span>tu<span class=\"_ _7\"></span>nities f<span class=\"_ _7\"></span>rom strong m<span class=\"_ _7\"></span>arkets and to reduce the<span class=\"_ _9\"></span> risk profi<span class=\"_ _9\"></span>le of t<span class=\"_ _9\"></span>he business in weak<span class=\"_ _9\"></span>er market<span class=\"_ _9\"></span>s, particularly with r<span class=\"_ _9\"></span>espect to t<span class=\"_ _9\"></span>he more v<span class=\"_ _9\"></span>olatile<span class=\"_ _9\"></span> business. The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s gea<span class=\"_ _7\"></span>ring i<span class=\"_ _7\"></span>s obtaine<span class=\"_ _7\"></span>d from a nu<span class=\"_ _7\"></span>mber of so<span class=\"_ _7\"></span>urces, in<span class=\"_ _7\"></span>cludin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A  <span class=\"_ _a\"></span><span class=\"ff5f ls38 ws41\">L<span class=\"_ _9\"></span>OC a<span class=\"_ _7\"></span>nd revolvi<span class=\"_ _7\"></span>ng cred<span class=\"_ _7\"></span>it facili<span class=\"_ _7\"></span>ty \u2013 the G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s ma<span class=\"_ _7\"></span>in facil<span class=\"_ _7\"></span>ity m<span class=\"_ _7\"></span>ay be drawn in c<span class=\"_ _7\"></span>ash up to $6<span class=\"_ _7\"></span>00 mil<span class=\"_ _7\"></span>lion un<span class=\"_ _7\"></span>der a revolv<span class=\"_ _7\"></span>ing cre<span class=\"_ _7\"></span>dit </span>facil<span class=\"_ _7\"></span>ity a<span class=\"_ _7\"></span>nd utili<span class=\"_ _7\"></span>sed as LOC up to $266 millio<span class=\"_ _7\"></span>n. The faci<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y was renewed d<span class=\"_ _7\"></span>urin<span class=\"_ _7\"></span>g 202<span class=\"_ _9\"></span>2, enabl<span class=\"_ _7\"></span>ing the Gro<span class=\"_ _7\"></span>up to utilise the LOC as Funds at L<span class=\"_ _7\"></span>loyd\u2019<span class=\"_ _a\"></span>s to supp<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>t unde<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>writi<span class=\"_ _7\"></span>ng on the 2022<span class=\"_ _9\"></span>, 2023 and 202<span class=\"_ _9\"></span>4 years of ac<span class=\"_ _7\"></span>count. Th<span class=\"_ _7\"></span>e revolving c<span class=\"_ _7\"></span>redit f<span class=\"_ _7\"></span>acilit<span class=\"_ _7\"></span>y is availa<span class=\"_ _7\"></span>ble until the e<span class=\"_ _7\"></span>nd of 202<span class=\"_ _9\"></span>4<span class=\"_ _9\"></span>. As at 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2023, $2<span class=\"_ _9\"></span>66 m<span class=\"_ _7\"></span>illion wa<span class=\"_ _7\"></span>s utilise<span class=\"_ _7\"></span>d by way o<span class=\"_ _9\"></span>f LOC to suppor<span class=\"_ _7\"></span>t the Fund<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span>at Lloyd\u2019<span class=\"_ _9\"></span>s require<span class=\"_ _7\"></span>ment a<span class=\"_ _7\"></span>nd the revolv<span class=\"_ _7\"></span>ing cred<span class=\"_ _7\"></span>it facil<span class=\"_ _7\"></span>ity wa<span class=\"_ _7\"></span>s undrawn (2022<span class=\"_ _9\"></span>: $266 mill<span class=\"_ _7\"></span>ion and th<span class=\"_ _7\"></span>e revolvin<span class=\"_ _7\"></span>g credi<span class=\"_ _7\"></span>t facilit<span class=\"_ _7\"></span>y <span class=\"ls8 ws4\"> </span>was u<span class=\"_ _7\"></span>ndraw<span class=\"_ _7\"></span>n)<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A  <span class=\"_ _a\"></span><span class=\"ff5f ls38 ws41\">In 2020<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup sou<span class=\"_ _7\"></span>rced an ad<span class=\"_ _7\"></span>dition<span class=\"_ _7\"></span>al $65 mi<span class=\"_ _7\"></span>llion of f<span class=\"_ _7\"></span>unding i<span class=\"_ _7\"></span>n the form of a Funds at L<span class=\"_ _7\"></span>loyd\u2019<span class=\"_ _a\"></span>s fa<span class=\"_ _7\"></span>cilit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>. Under th<span class=\"_ _7\"></span>is facili<span class=\"_ _7\"></span>ty </span>ass<span class=\"_ _7\"></span>ets are ple<span class=\"_ _7\"></span>dged w<span class=\"_ _7\"></span>ith the Cor<span class=\"_ _7\"></span>poratio<span class=\"_ _7\"></span>n of Lloyd\u2019<span class=\"_ _a\"></span>s o<span class=\"_ _7\"></span>n the Group\u2019<span class=\"_ _9\"></span>s behal<span class=\"_ _7\"></span>f<span class=\"_ _9\"></span>, provid<span class=\"_ _7\"></span>ing regu<span class=\"_ _7\"></span>lator<span class=\"_ _7\"></span>y Tier 1 c<span class=\"_ _7\"></span>apit<span class=\"_ _7\"></span>al. As at <span class=\"ls8 ws4\"> </span>3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023 and 2022 the facil<span class=\"_ _7\"></span>ity wa<span class=\"_ _7\"></span>s fully d<span class=\"_ _7\"></span>rawn;<span class=\"_ _304\"> </span>A  <span class=\"_ _a\"></span><span class=\"ff5f ls38 ws41\">\u00a327<span class=\"_ _9\"></span>5 millio<span class=\"_ _7\"></span>n of fixed-t<span class=\"_ _9\"></span>o-floatin<span class=\"_ _7\"></span>g rate subordin<span class=\"_ _7\"></span>ated notes that are cl<span class=\"_ _7\"></span>assi<span class=\"_ _7\"></span>fied as T<span class=\"_ _7\"></span>ier 2 de<span class=\"_ _7\"></span>bt. This was rai<span class=\"_ _7\"></span>sed in N<span class=\"_ _7\"></span>ovember 201<span class=\"_ _a\"></span>5 </span>and m<span class=\"_ _7\"></span>atures in 2045. Th<span class=\"_ _7\"></span>e debt is rated B<span class=\"_ _7\"></span>BB- by S&amp;P a<span class=\"_ _7\"></span>nd Fitch;<span class=\"_ _304\"> </span>A  <span class=\"_ _a\"></span><span class=\"ff5f ls38 ws41\">\u00a3250 millio<span class=\"_ _7\"></span>n of fixed rate seni<span class=\"_ _7\"></span>or notes rais<span class=\"_ _7\"></span>ed in Se<span class=\"_ _7\"></span>pt<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ber 2022 and m<span class=\"_ _7\"></span>aturing i<span class=\"_ _7\"></span>n Septembe<span class=\"_ _7\"></span>r 202<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>. Th<span class=\"_ _7\"></span>e debt is rated BB<span class=\"_ _7\"></span>B+ <span class=\"ls8 ws4\"> </span></span>by S&amp;P an<span class=\"_ _7\"></span>d Fitch<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A  <span class=\"_ _a\"></span><span class=\"ff5f ls38 ws41\">E<span class=\"_ _7\"></span>xter<span class=\"_ _7\"></span>nal Na<span class=\"_ _7\"></span>mes \u2013 27<span class=\"_ _20\"></span>.4<span class=\"_ _a\"></span>% of Sy<span class=\"_ _7\"></span>ndicate 33\u2019<span class=\"_ _9\"></span>s capac<span class=\"_ _7\"></span>ity i<span class=\"_ _7\"></span>s capi<span class=\"_ _7\"></span>talise<span class=\"_ _7\"></span>d by third par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s, who als<span class=\"_ _7\"></span>o pay a profit sha<span class=\"_ _7\"></span>re of<span class=\"_ _9\"></span> </span>app<span class=\"_ _7\"></span>ro<span class=\"_ _9\"></span>xi<span class=\"_ _7\"></span>mately 20%<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A  <span class=\"_ _a\"></span><span class=\"ff5f ls74 ws41\">Syn<span class=\"_ _7\"></span>dicate 6<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>04 at Ll<span class=\"_ _7\"></span>oyd<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s \u2013 with a c<span class=\"_ _7\"></span>apacit<span class=\"_ _7\"></span>y of \u00a357 million fo<span class=\"_ _7\"></span>r the 202<span class=\"_ _a\"></span>4 ye<span class=\"_ _7\"></span>ar of acco<span class=\"_ _7\"></span>unt (202<span class=\"_ _9\"></span>3 yea<span class=\"_ _7\"></span>r of accoun<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>: \u00a31<span class=\"_ _a\"></span>9.<span class=\"_ _9\"></span>4 mi<span class=\"_ _7\"></span>llion)<span class=\"_ _9\"></span>. </span>Thi<span class=\"_ _7\"></span>s Synd<span class=\"_ _7\"></span>icate is who<span class=\"_ _7\"></span>lly backed by ex<span class=\"_ _7\"></span>terna<span class=\"_ _7\"></span>l memb<span class=\"_ _7\"></span>ers a<span class=\"_ _7\"></span>nd takes pu<span class=\"_ _7\"></span>re year of acc<span class=\"_ _7\"></span>ount quota s<span class=\"_ _7\"></span>hare of Sy<span class=\"_ _7\"></span>ndic<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e 33\u2019<span class=\"_ _9\"></span>s app<span class=\"_ _7\"></span>licab<span class=\"_ _7\"></span>le excess of lo<span class=\"_ _7\"></span>ss prop<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ty c<span class=\"_ _7\"></span>atastrop<span class=\"_ _7\"></span>he reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e, marine, terro<span class=\"_ _7\"></span>rism a<span class=\"_ _7\"></span>nd cybe<span class=\"_ _7\"></span>r acco<span class=\"_ _7\"></span>unts;<span class=\"_ _304\"> </span>A  <span class=\"_ _a\"></span><span class=\"ff5f ls38 ws41\">gea<span class=\"_ _7\"></span>ring q<span class=\"_ _7\"></span>uota sha<span class=\"_ _7\"></span>res \u2013 histori<span class=\"_ _7\"></span>call<span class=\"_ _7\"></span>y the Group h<span class=\"_ _7\"></span>as use<span class=\"_ _7\"></span>d reinsu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>apit<span class=\"_ _7\"></span>al to fund its c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>l requi<span class=\"_ _7\"></span>rement fo<span class=\"_ _7\"></span>r shor<span class=\"_ _7\"></span>t-<span class=\"_ _9\"></span>term </span>expan<span class=\"_ _7\"></span>sions i<span class=\"_ _7\"></span>n the volume of bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wri<span class=\"_ _7\"></span>tten by the Sy<span class=\"_ _7\"></span>ndic<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>; and A  <span class=\"_ _a\"></span><span class=\"ff5f ls38 ws41\">qua<span class=\"_ _7\"></span>lif<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g quota sha<span class=\"_ _7\"></span>res an<span class=\"_ _7\"></span>d legac<span class=\"_ _7\"></span>y por<span class=\"_ _7\"></span>tfo<span class=\"_ _7\"></span>lio trans<span class=\"_ _7\"></span>action<span class=\"_ _7\"></span>s \u2013 these a<span class=\"_ _7\"></span>re reinsu<span class=\"_ _7\"></span>rance a<span class=\"_ _7\"></span>rran<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nts that allow th<span class=\"_ _7\"></span>e Group to </span>incre<span class=\"_ _7\"></span>ase the a<span class=\"_ _7\"></span>mount of pre<span class=\"_ _7\"></span>mium it w<span class=\"_ _7\"></span>rites.<span class=\"_ _304\"> </span>Financial strength<span class=\"_ _304\"> </span>The financial str<span class=\"_ _9\"></span>ength rat<span class=\"_ _9\"></span>ings of<span class=\"_ _9\"></span> the Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s significant insurance<span class=\"_ _9\"></span> company subsidiaries are<span class=\"_ _9\"></span> outlined below<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span><table class=\"s w269 h9d\" id=\"_75c9589a-68b6-4993-bc23-eec512983eaf\"><tr><td></td><td class=\"c n x507 y1fb0 w26a h9a\"><div class=\"t m0 x1b6 h44 y1faf ff5f fs28 fc2 sc0 lse4 ws15d\">A.M<span class=\"_ _7\"></span>. Bes<span class=\"_ _7\"></span>t<span class=\"_ _304\"> </span></div></td><td class=\"c n x508 y1fb0 w26b h9a\"><div class=\"t m0 x1b6 h44 y1faf ff5f fs28 fc2 sc0 lsf2 ws13e\">Fi<span class=\"_ _7\"></span>tch<span class=\"_ _304\"> </span></div></td><td class=\"c n x509 y1fb0 w26c h9a\"><div class=\"t m0 x1b6 h44 y1faf ff5f fs28 fc2 sc0 lse6 ws12d\">S&amp;P<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fb1 w26d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Hisco<span class=\"_ _9\"></span>x Insurance Company<span class=\"_ _9\"></span> Limited<span class=\"_ _304\"> </span></div></td><td class=\"c n x50a y1fb1 w26e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa9 wsc6\">A (<span class=\"_ _7\"></span>E<span class=\"_ _7\"></span>xce<span class=\"_ _7\"></span>ll<span class=\"_ _7\"></span>en<span class=\"_ _7\"></span>t)<span class=\"_ _304\"> </span></div></td><td class=\"c n x50b y1fb1 w26f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsc9 wsea\">A+<span class=\"_ _304\"> </span></div></td><td class=\"c n x50c y1fb1 w270 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws116\">A (S<span class=\"_ _7\"></span>tro<span class=\"_ _7\"></span>ng)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f41 w271 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Hisco<span class=\"_ _9\"></span>x Insurance Company<span class=\"_ _9\"></span> (Bermuda) Limit<span class=\"_ _9\"></span>ed<span class=\"_ _304\"> </span></div></td><td class=\"c n x50d y1f41 w26e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa9 wsc6\">A (<span class=\"_ _7\"></span>E<span class=\"_ _7\"></span>xce<span class=\"_ _7\"></span>ll<span class=\"_ _7\"></span>en<span class=\"_ _7\"></span>t)<span class=\"_ _304\"> </span></div></td><td class=\"c n x50e y1f41 w272 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsc9 wsea\">A+<span class=\"_ _304\"> </span></div></td><td class=\"c n x50f y1f41 w273 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws116\">A (S<span class=\"_ _7\"></span>tro<span class=\"_ _7\"></span>ng)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f42 w274 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Hisco<span class=\"_ _9\"></span>x Insur<span class=\"_ _9\"></span>ance Compan<span class=\"_ _9\"></span>y (Guernse<span class=\"_ _9\"></span>y) Limi<span class=\"_ _9\"></span>ted<span class=\"_ _304\"> </span></div></td><td class=\"c n x510 y1f42 w26e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa9 wsc6\">A (<span class=\"_ _7\"></span>E<span class=\"_ _7\"></span>xce<span class=\"_ _7\"></span>ll<span class=\"_ _7\"></span>en<span class=\"_ _7\"></span>t)<span class=\"_ _304\"> </span></div></td><td class=\"c n x511 y1f42 w272 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsc9 wsea\">A+<span class=\"_ _304\"> </span></div></td><td class=\"c n x512 y1f42 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e7d w275 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Hiscox Insurance Compa<span class=\"_ _7\"></span>ny<span class=\"_ _9\"></span> Inc.<span class=\"_ _304\"> </span></div></td><td class=\"c n x513 y1e7d w26e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa9 wsc6\">A (<span class=\"_ _7\"></span>E<span class=\"_ _7\"></span>xce<span class=\"_ _7\"></span>l<span class=\"_ _7\"></span>le<span class=\"_ _7\"></span>nt)<span class=\"_ _304\"> </span></div></td><td class=\"c n x514 y1e7d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x515 y1e7d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w276 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Hiscox<span class=\"_ _9\"></span> Soci\u00e9t\u00e9 Anonyme<span class=\"_ _304\"> </span></div></td><td class=\"c n x516 y1e80 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x517 y1e80 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x518 y1e80 w277 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws116\">A (<span class=\"_ _7\"></span>St<span class=\"_ _7\"></span>ron<span class=\"_ _7\"></span>g)<span class=\"_ _304\"> </span></div></td></tr></table>Syn<span class=\"_ _7\"></span>dicate 33 be<span class=\"_ _7\"></span>nefits f<span class=\"_ _7\"></span>rom an A.M. Be<span class=\"_ _7\"></span>st rating of A (E<span class=\"_ _7\"></span>xcell<span class=\"_ _7\"></span>ent)<span class=\"_ _9\"></span>. In addi<span class=\"_ _7\"></span>tion, the Sy<span class=\"_ _7\"></span>ndicate al<span class=\"_ _7\"></span>so bene<span class=\"_ _7\"></span>fits from the L<span class=\"_ _7\"></span>loyd\u2019<span class=\"_ _a\"></span>s rati<span class=\"_ _7\"></span>ngs <span class=\"ls8 ws4\"> </span>of A<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>(E<span class=\"_ _7\"></span>xcelle<span class=\"_ _7\"></span>nt) from A.M. Be<span class=\"_ _7\"></span>st, A<span class=\"_ _7\"></span>A- (Ver<span class=\"_ _7\"></span>y strong) fro<span class=\"_ _7\"></span>m S&amp;P<span class=\"_ _20\"></span>, A<span class=\"_ _7\"></span>A- (<span class=\"_ _7\"></span>Ver<span class=\"_ _7\"></span>y strong) from Fi<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ch a<span class=\"_ _7\"></span>nd A<span class=\"_ _7\"></span>A- (<span class=\"_ _7\"></span>V<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>y s<span class=\"_ _7\"></span>trong) from Kro<span class=\"_ _7\"></span>ll Bond <span class=\"ls8 ws4\"> </span>Rating Ag<span class=\"_ _7\"></span>ency<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Capital performance<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s ma<span class=\"_ _7\"></span>in cap<span class=\"_ _7\"></span>ital p<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce me<span class=\"_ _7\"></span>asure i<span class=\"_ _7\"></span>s the achi<span class=\"_ _7\"></span>eved return on e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y (ROE<span class=\"_ _7\"></span>). This mar<span class=\"_ _7\"></span>ker alig<span class=\"_ _7\"></span>ns the asp<span class=\"_ _7\"></span>irations of emp<span class=\"_ _7\"></span>loyees a<span class=\"_ _7\"></span>nd share<span class=\"_ _7\"></span>hold<span class=\"_ _7\"></span>ers. As va<span class=\"_ _7\"></span>riab<span class=\"_ _7\"></span>le remun<span class=\"_ _7\"></span>eratio<span class=\"_ _7\"></span>n relates dire<span class=\"_ _7\"></span>ctly to ROE and i<span class=\"_ _7\"></span>t is use<span class=\"_ _7\"></span>d as a key metric wi<span class=\"_ _7\"></span>thin the bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss pla<span class=\"_ _7\"></span>nning p<span class=\"_ _7\"></span>roces<span class=\"_ _7\"></span>s, this conc<span class=\"_ _7\"></span>ept is em<span class=\"_ _7\"></span>bedd<span class=\"_ _7\"></span>ed in the wor<span class=\"_ _7\"></span>king<span class=\"_ _7\"></span>s and cu<span class=\"_ _7\"></span>lture of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>e Group se<span class=\"_ _7\"></span>eks to maint<span class=\"_ _7\"></span>ain its co<span class=\"_ _7\"></span>st of<span class=\"_ _9\"></span> cap<span class=\"_ _7\"></span>ital leve<span class=\"_ _7\"></span>ls and its d<span class=\"_ _7\"></span>ebt to ov<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>all equ<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y ratios in lin<span class=\"_ _7\"></span>e with other<span class=\"_ _7\"></span>s in the no<span class=\"_ _7\"></span>n-life insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e industr<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Capital modelling and r<span class=\"_ _9\"></span>egulation<span class=\"_ _304\"> </span>The c<span class=\"_ _7\"></span>apit<span class=\"_ _7\"></span>al requ<span class=\"_ _7\"></span>ireme<span class=\"_ _7\"></span>nts of an insur<span class=\"_ _7\"></span>ance g<span class=\"_ _7\"></span>roup are deter<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>d by its exposure to ri<span class=\"_ _7\"></span>sk and the s<span class=\"_ _7\"></span>olvenc<span class=\"_ _7\"></span>y criter<span class=\"_ _7\"></span>ia esta<span class=\"_ _7\"></span>blish<span class=\"_ _7\"></span>ed by man<span class=\"_ _7\"></span>agem<span class=\"_ _7\"></span>ent and st<span class=\"_ _7\"></span>atutor<span class=\"_ _7\"></span>y regul<span class=\"_ _7\"></span>ations.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>l require<span class=\"_ _7\"></span>ments a<span class=\"_ _7\"></span>re manag<span class=\"_ _7\"></span>ed both ce<span class=\"_ _7\"></span>ntrally a<span class=\"_ _7\"></span>nd at a regu<span class=\"_ _7\"></span>lated entit<span class=\"_ _7\"></span>y level. Th<span class=\"_ _7\"></span>e asse<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d capi<span class=\"_ _7\"></span>tal requ<span class=\"_ _7\"></span>ireme<span class=\"_ _7\"></span>nt for t<span class=\"_ _9\"></span>he business placed thr<span class=\"_ _9\"></span>ough Hisco<span class=\"_ _9\"></span>x Insurance Compan<span class=\"_ _9\"></span>y Limited<span class=\"_ _9\"></span>, Hisco<span class=\"_ _9\"></span>x Insurance Compan<span class=\"_ _9\"></span>y (Bermuda) Limit<span class=\"_ _9\"></span>ed, Hi<span class=\"_ _9\"></span>scox<span class=\"_ _9\"></span> Insu<span class=\"_ _7\"></span>rance C<span class=\"_ _7\"></span>ompany (Gu<span class=\"_ _7\"></span>erns<span class=\"_ _7\"></span>ey) Limited, His<span class=\"_ _7\"></span>cox Insura<span class=\"_ _7\"></span>nce Co<span class=\"_ _7\"></span>mpany Inc.<span class=\"_ _9\"></span>, Hisc<span class=\"_ _7\"></span>ox Soci\u00e9t\u00e9 An<span class=\"_ _7\"></span>onyme a<span class=\"_ _7\"></span>nd Dire<span class=\"_ _7\"></span>ct Asia I<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce (Singa<span class=\"_ _7\"></span>pore) Pte Li<span class=\"_ _7\"></span>mited is dr<span class=\"_ _7\"></span>iven by the level of re<span class=\"_ _7\"></span>source<span class=\"_ _7\"></span>s nec<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y to maintai<span class=\"_ _7\"></span>n regul<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y re<span class=\"_ _7\"></span>quirem<span class=\"_ _7\"></span>ents.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s re<span class=\"_ _7\"></span>gulator<span class=\"_ _7\"></span>y ca<span class=\"_ _7\"></span>pital i<span class=\"_ _7\"></span>s super<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ised by the B<span class=\"_ _7\"></span>ermu<span class=\"_ _7\"></span>da Mon<span class=\"_ _7\"></span>etar<span class=\"_ _7\"></span>y Auth<span class=\"_ _7\"></span>orit<span class=\"_ _7\"></span>y (BMA<span class=\"_ _7\"></span>)<span class=\"_ _9\"></span>. The G<span class=\"_ _7\"></span>roup had s<span class=\"_ _7\"></span>uf<span class=\"_ _7\"></span>ficie<span class=\"_ _7\"></span>nt capi<span class=\"_ _7\"></span>tal at all time<span class=\"_ _7\"></span>s througho<span class=\"_ _7\"></span>ut the yea<span class=\"_ _7\"></span>r t<span class=\"_ _9\"></span>o me<span class=\"_ _7\"></span>et the BMA<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s re<span class=\"_ _7\"></span>quire<span class=\"_ _7\"></span>ments. Th<span class=\"_ _7\"></span>e Solve<span class=\"_ _7\"></span>ncy II regi<span class=\"_ _7\"></span>me cam<span class=\"_ _7\"></span>e into force in Europe on 1 J<span class=\"_ _7\"></span>anua<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y 20<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>6. Thi<span class=\"_ _7\"></span>s require<span class=\"_ _7\"></span>s insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ompan<span class=\"_ _7\"></span>ies to cal<span class=\"_ _7\"></span>culate their c<span class=\"_ _7\"></span>apit<span class=\"_ _7\"></span>al requi<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nts using e<span class=\"_ _7\"></span>ither a<span class=\"_ _7\"></span>n interna<span class=\"_ _7\"></span>l mode<span class=\"_ _7\"></span>l or a stand<span class=\"_ _7\"></span>ard form<span class=\"_ _7\"></span>ula. Hisc<span class=\"_ _7\"></span>ox Insuran<span class=\"_ _7\"></span>ce Com<span class=\"_ _7\"></span>pany Lim<span class=\"_ _7\"></span>ited and His<span class=\"_ _7\"></span>cox Soci\u00e9<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>\u00e9 A<span class=\"_ _7\"></span>nonyme u<span class=\"_ _7\"></span>se the sta<span class=\"_ _7\"></span>ndard for<span class=\"_ _7\"></span>mula to cal<span class=\"_ _7\"></span>culate their re<span class=\"_ _7\"></span>gulator<span class=\"_ _7\"></span>y ca<span class=\"_ _7\"></span>pital requ<span class=\"_ _7\"></span>ireme<span class=\"_ _7\"></span>nts. Thei<span class=\"_ _7\"></span>r risk profil<span class=\"_ _7\"></span>es are su<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ficie<span class=\"_ _7\"></span>ntly well re<span class=\"_ _7\"></span>prese<span class=\"_ _7\"></span>nted by the stand<span class=\"_ _7\"></span>ard formu<span class=\"_ _7\"></span>la not to warrant g<span class=\"_ _7\"></span>oing throu<span class=\"_ _7\"></span>gh the inter<span class=\"_ _7\"></span>nal mode<span class=\"_ _7\"></span>l approval p<span class=\"_ _7\"></span>roces<span class=\"_ _7\"></span>s. Hiscox\u2019<span class=\"_ _9\"></span>s Lloyd\u2019<span class=\"_ _a\"></span>s o<span class=\"_ _7\"></span>peratio<span class=\"_ _7\"></span>ns use the i<span class=\"_ _7\"></span>nternal m<span class=\"_ _7\"></span>odel th<span class=\"_ _7\"></span>at has be<span class=\"_ _7\"></span>en buil<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o me<span class=\"_ _7\"></span>et the requ<span class=\"_ _7\"></span>ireme<span class=\"_ _7\"></span>nts of the Sol<span class=\"_ _7\"></span>vency II reg<span class=\"_ _7\"></span>ime. The m<span class=\"_ _7\"></span>odel is c<span class=\"_ _7\"></span>once<span class=\"_ _7\"></span>ntrated spe<span class=\"_ _7\"></span>cifica<span class=\"_ _7\"></span>lly on th<span class=\"_ _7\"></span>e par<span class=\"_ _7\"></span>ticul<span class=\"_ _7\"></span>ar produ<span class=\"_ _7\"></span>ct line<span class=\"_ _7\"></span>s, market co<span class=\"_ _7\"></span>nditio<span class=\"_ _7\"></span>ns and ri<span class=\"_ _7\"></span>sk app<span class=\"_ _7\"></span>etite of<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>each ri<span class=\"_ _9\"></span>sk carrier<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>For Sy<span class=\"_ _7\"></span>ndicate 33 a<span class=\"_ _7\"></span>nd Syn<span class=\"_ _7\"></span>dicate 362<span class=\"_ _9\"></span>4<span class=\"_ _9\"></span>, inter<span class=\"_ _7\"></span>nal mo<span class=\"_ _7\"></span>del res<span class=\"_ _7\"></span>ults are up<span class=\"_ _7\"></span>lif<span class=\"_ _7\"></span>ted by Lloyd\u2019<span class=\"_ _9\"></span>s t<span class=\"_ _9\"></span>o the leve<span class=\"_ _7\"></span>l of capit<span class=\"_ _7\"></span>al requi<span class=\"_ _7\"></span>red to suppor<span class=\"_ _7\"></span>t i<span class=\"_ _7\"></span>ts<span class=\"_ _9\"></span> ratings. Ca<span class=\"_ _7\"></span>pita<span class=\"_ _7\"></span>l model<span class=\"_ _7\"></span>s are use<span class=\"_ _7\"></span>d more wid<span class=\"_ _7\"></span>ely ac<span class=\"_ _7\"></span>ross the G<span class=\"_ _7\"></span>roup to monitor expo<span class=\"_ _7\"></span>sure to k<span class=\"_ _9\"></span>ey ri<span class=\"_ _7\"></span>sk ty<span class=\"_ _7\"></span>pes, info<span class=\"_ _7\"></span>rm dec<span class=\"_ _7\"></span>ision<span class=\"_ _7\"></span>-mak<span class=\"_ _7\"></span>ing and mea<span class=\"_ _7\"></span>sure ROE a<span class=\"_ _7\"></span>cross di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferent se<span class=\"_ _7\"></span>gmen<span class=\"_ _7\"></span>ts of the busin<span class=\"_ _7\"></span>ess. From the 20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>6 year e<span class=\"_ _7\"></span>nd, the Group h<span class=\"_ _7\"></span>as bee<span class=\"_ _7\"></span>n requi<span class=\"_ _7\"></span>red to publis<span class=\"_ _7\"></span>h<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>a fina<span class=\"_ _7\"></span>ncial c<span class=\"_ _7\"></span>onditi<span class=\"_ _7\"></span>on repo<span class=\"_ _7\"></span>rt, as pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t of its regul<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y fil<span class=\"_ _7\"></span>ing with th<span class=\"_ _7\"></span>e BMA<span class=\"_ _7\"></span>. This is a p<span class=\"_ _7\"></span>ublic d<span class=\"_ _7\"></span>ocume<span class=\"_ _7\"></span>nt and s<span class=\"_ _7\"></span>ets out the fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l per<span class=\"_ _7\"></span>fo<span class=\"_ _7\"></span>rman<span class=\"_ _7\"></span>ce and so<span class=\"_ _7\"></span>lvency p<span class=\"_ _7\"></span>ositio<span class=\"_ _7\"></span>n of the Group in a<span class=\"_ _7\"></span>ccord<span class=\"_ _7\"></span>ance w<span class=\"_ _7\"></span>ith the eco<span class=\"_ _7\"></span>nomic b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et return fil<span class=\"_ _7\"></span>ed with th<span class=\"_ _7\"></span>e BMA<span class=\"_ _7\"></span>. It is intende<span class=\"_ _7\"></span>d to provide the pu<span class=\"_ _7\"></span>blic wi<span class=\"_ _7\"></span>th cer<span class=\"_ _7\"></span>tai<span class=\"_ _7\"></span>n inform<span class=\"_ _7\"></span>ation to be able to make infor<span class=\"_ _7\"></span>med a<span class=\"_ _7\"></span>sses<span class=\"_ _7\"></span>sme<span class=\"_ _7\"></span>nts about th<span class=\"_ _7\"></span>e Group. In the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s other<span class=\"_ _9\"></span> geographical territories<span class=\"_ _9\"></span>, including t<span class=\"_ _9\"></span>he USA and Asia<span class=\"_ _9\"></span>, its sub<span class=\"_ _9\"></span>sidiaries under<span class=\"_ _7\"></span>writing insurance<span class=\"_ _9\"></span> business are requir<span class=\"_ _9\"></span>ed to<span class=\"_ _9\"></span> ope<span class=\"_ _7\"></span>rate within broa<span class=\"_ _7\"></span>dly sim<span class=\"_ _7\"></span>ilar r<span class=\"_ _7\"></span>isk<span class=\"_ _9\"></span>-base<span class=\"_ _7\"></span>d exter<span class=\"_ _7\"></span>nall<span class=\"_ _7\"></span>y impose<span class=\"_ _7\"></span>d cap<span class=\"_ _7\"></span>ital req<span class=\"_ _7\"></span>uirem<span class=\"_ _7\"></span>ents whe<span class=\"_ _7\"></span>n acce<span class=\"_ _7\"></span>pting busi<span class=\"_ _7\"></span>nes<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>Dur<span class=\"_ _7\"></span>ing the yea<span class=\"_ _7\"></span>r the Grou<span class=\"_ _7\"></span>p was in com<span class=\"_ _7\"></span>plian<span class=\"_ _7\"></span>ce with c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>l requi<span class=\"_ _7\"></span>rements i<span class=\"_ _7\"></span>mpose<span class=\"_ _7\"></span>d by regulators i<span class=\"_ _7\"></span>n each j<span class=\"_ _7\"></span>urisd<span class=\"_ _7\"></span>iction w<span class=\"_ _7\"></span>here the Grou<span class=\"_ _7\"></span>p operates.<span class=\"_ _304\"> </span>3.<span class=\"_ _7\"></span>5 T<span class=\"_ _a\"></span>a<span class=\"_ _7\"></span>x ri<span class=\"_ _7\"></span>sk<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup is su<span class=\"_ _7\"></span>bjec<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o inc<span class=\"_ _7\"></span>ome ta<span class=\"_ _7\"></span>xes lev<span class=\"_ _7\"></span>ied by the var<span class=\"_ _7\"></span>ious ju<span class=\"_ _7\"></span>risdi<span class=\"_ _7\"></span>ctions i<span class=\"_ _7\"></span>n which th<span class=\"_ _7\"></span>e Group op<span class=\"_ _7\"></span>erates, an<span class=\"_ _7\"></span>d the divi<span class=\"_ _7\"></span>sion of ta<span class=\"_ _7\"></span>xi<span class=\"_ _7\"></span>ng rig<span class=\"_ _7\"></span>hts betwe<span class=\"_ _7\"></span>en the<span class=\"_ _7\"></span>se juri<span class=\"_ _7\"></span>sdictio<span class=\"_ _7\"></span>ns resul<span class=\"_ _7\"></span>ts in the Grou<span class=\"_ _7\"></span>p ta<span class=\"_ _7\"></span>x expen<span class=\"_ _7\"></span>se and ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ctive rate of incom<span class=\"_ _7\"></span>e ta<span class=\"_ _7\"></span>x discl<span class=\"_ _7\"></span>osed in th<span class=\"_ _7\"></span>ese fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l stateme<span class=\"_ _7\"></span>nts. Due to the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s operatin<span class=\"_ _7\"></span>g mode<span class=\"_ _7\"></span>l, there is an un<span class=\"_ _7\"></span>quanti<span class=\"_ _7\"></span>fiable r<span class=\"_ _7\"></span>isk that thi<span class=\"_ _7\"></span>s divi<span class=\"_ _7\"></span>sion of ta<span class=\"_ _7\"></span>xi<span class=\"_ _7\"></span>ng rights c<span class=\"_ _7\"></span>ould be a<span class=\"_ _7\"></span>ltered materi<span class=\"_ _7\"></span>ally<span class=\"_ _9\"></span>, eithe<span class=\"_ _7\"></span>r by a chang<span class=\"_ _7\"></span>e to t<span class=\"_ _9\"></span>he t<span class=\"_ _7\"></span>ax re<span class=\"_ _7\"></span>side<span class=\"_ _7\"></span>nce, or pe<span class=\"_ _7\"></span>rma<span class=\"_ _7\"></span>nent es<span class=\"_ _7\"></span>tablis<span class=\"_ _7\"></span>hme<span class=\"_ _7\"></span>nt profile, of Hiscox Ltd or its prin<span class=\"_ _7\"></span>cipal s<span class=\"_ _7\"></span>ubsid<span class=\"_ _7\"></span>iari<span class=\"_ _7\"></span>es;<span class=\"_ _9\"></span> or du<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o the re<span class=\"_ _7\"></span>prici<span class=\"_ _7\"></span>ng or rec<span class=\"_ _7\"></span>harac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>isatio<span class=\"_ _7\"></span>n for ta<span class=\"_ _7\"></span>x purp<span class=\"_ _7\"></span>oses of tra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>ons bet<span class=\"_ _7\"></span>ween m<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>rs of the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>, und<span class=\"_ _7\"></span>er loc<span class=\"_ _7\"></span>al trans<span class=\"_ _7\"></span>fer pri<span class=\"_ _7\"></span>cing or re<span class=\"_ _7\"></span>lated ta<span class=\"_ _7\"></span>x leg<span class=\"_ _7\"></span>islatio<span class=\"_ _7\"></span>n. The Grou<span class=\"_ _7\"></span>p seeks to ma<span class=\"_ _7\"></span>nage this r<span class=\"_ _7\"></span>isk by:<span class=\"_ _304\"> </span>A  <span class=\"_ _a\"></span><span class=\"ff5f ls3b ws44\">maintaining<span class=\"_ _9\"></span> appropriat<span class=\"_ _9\"></span>e int<span class=\"_ _9\"></span>ernal policies and contr<span class=\"_ _9\"></span>ols ov<span class=\"_ _9\"></span>er its operat<span class=\"_ _9\"></span>ions worldwide<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></span>A  <span class=\"_ _a\"></span><span class=\"ff5f ls3b ws44\">monit<span class=\"_ _9\"></span>oring compliance with t<span class=\"_ _9\"></span>hese policies on an ongoing<span class=\"_ _9\"></span> basis<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></span>A  <span class=\"_ _a\"></span><span class=\"ff5f ls39 ws43\">adhering t<span class=\"_ _9\"></span>o int<span class=\"_ _9\"></span>ernationally recognised best practice in<span class=\"_ _9\"></span> determining the<span class=\"_ _9\"></span> appropriate<span class=\"_ _9\"></span> division of pro<span class=\"_ _9\"></span>fits between <span class=\"ls8 ws4\"> </span></span>ta<span class=\"_ _7\"></span>xing jurisdict<span class=\"_ _9\"></span>ions;<span class=\"_ _304\"> </span>A  <span class=\"_ _a\"></span><span class=\"ff5f ls39 ws43\">taking additional advice and ob<span class=\"_ _9\"></span>taining legal opinions from local t<span class=\"_ _9\"></span>hird-part<span class=\"_ _7\"></span>y pro<span class=\"_ _9\"></span>fessionals with the<span class=\"_ _9\"></span> nece<span class=\"_ _7\"></span>ssar<span class=\"_ _7\"></span>y e<span class=\"_ _9\"></span>xper<span class=\"_ _7\"></span>ience <span class=\"ls8 ws4\"> </span></span>in the pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ticula<span class=\"_ _7\"></span>r area.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup se<span class=\"_ _7\"></span>eks to mainta<span class=\"_ _7\"></span>in an op<span class=\"_ _7\"></span>en dia<span class=\"_ _7\"></span>logue w<span class=\"_ _7\"></span>ith the rel<span class=\"_ _7\"></span>evant ta<span class=\"_ _7\"></span>x autho<span class=\"_ _7\"></span>ritie<span class=\"_ _7\"></span>s and to resol<span class=\"_ _7\"></span>ve any issu<span class=\"_ _7\"></span>es ar<span class=\"_ _7\"></span>ising p<span class=\"_ _7\"></span>romptly<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>V<span class=\"_ _9\"></span>arious jurisdicti<span class=\"_ _9\"></span>ons in which t<span class=\"_ _9\"></span>he Group operat<span class=\"_ _9\"></span>es hav<span class=\"_ _9\"></span>e now<span class=\"_ _9\"></span> enacted legisla<span class=\"_ _9\"></span>tion implementing<span class=\"_ _9\"></span> the principles o<span class=\"_ _9\"></span>f the OE<span class=\"_ _9\"></span>CD \u2018P<span class=\"_ _9\"></span>illar T<span class=\"_ _a\"></span>wo<span class=\"_ _9\"></span>\u2019 ta<span class=\"_ _7\"></span>x r<span class=\"_ _7\"></span>ules, inten<span class=\"_ _7\"></span>ded to appl<span class=\"_ _7\"></span>y a globa<span class=\"_ _7\"></span>l minimu<span class=\"_ _7\"></span>m ta<span class=\"_ _7\"></span>x to the profits of multin<span class=\"_ _7\"></span>ational e<span class=\"_ _7\"></span>nterpr<span class=\"_ _7\"></span>ises su<span class=\"_ _7\"></span>ch as His<span class=\"_ _7\"></span>cox with ef<span class=\"_ _7\"></span>fect f<span class=\"_ _7\"></span>rom 1 Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y 202<span class=\"_ _9\"></span>4<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>e anticip<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed i<span class=\"_ _7\"></span>mpact of the<span class=\"_ _7\"></span>se leg<span class=\"_ _7\"></span>islative c<span class=\"_ _7\"></span>hange<span class=\"_ _7\"></span>s on the G<span class=\"_ _7\"></span>roup is dis<span class=\"_ _7\"></span>cusse<span class=\"_ _7\"></span>d in note 23<span class=\"_ _9\"></span>. Pill<span class=\"_ _7\"></span>ar T<span class=\"_ _a\"></span>wo le<span class=\"_ _7\"></span>gislatio<span class=\"_ _7\"></span>n repre<span class=\"_ _7\"></span>sents a de<span class=\"_ _7\"></span>par<span class=\"_ _7\"></span>ture f<span class=\"_ _7\"></span>rom existin<span class=\"_ _7\"></span>g corpo<span class=\"_ _7\"></span>rate incom<span class=\"_ _7\"></span>e ta<span class=\"_ _7\"></span>x princ<span class=\"_ _7\"></span>iple<span class=\"_ _7\"></span>s, introducin<span class=\"_ _7\"></span>g new con<span class=\"_ _7\"></span>cepts and d<span class=\"_ _7\"></span>esig<span class=\"_ _7\"></span>n features to the cor<span class=\"_ _7\"></span>porate inco<span class=\"_ _7\"></span>me ta<span class=\"_ _7\"></span>x lan<span class=\"_ _7\"></span>dsca<span class=\"_ _7\"></span>pe; and sinc<span class=\"_ _7\"></span>e the rele<span class=\"_ _7\"></span>ase of mod<span class=\"_ _7\"></span>el rul<span class=\"_ _7\"></span>es by the OECD in D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 202<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>, has be<span class=\"_ _7\"></span>en de<span class=\"_ _7\"></span>sign<span class=\"_ _7\"></span>ed and impl<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nted at spee<span class=\"_ _7\"></span>d. In this contex<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>, the<span class=\"_ _7\"></span>re is a risk th<span class=\"_ _7\"></span>at the new le<span class=\"_ _7\"></span>gislati<span class=\"_ _7\"></span>on coul<span class=\"_ _7\"></span>d prove t<span class=\"_ _9\"></span>o have uninten<span class=\"_ _7\"></span>ded an<span class=\"_ _7\"></span>d/<span class=\"_ _9\"></span>or unfo<span class=\"_ _7\"></span>resee<span class=\"_ _7\"></span>n cons<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>nce<span class=\"_ _7\"></span>s for the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>, whic<span class=\"_ _7\"></span>h could h<span class=\"_ _7\"></span>ave an impac<span class=\"_ _7\"></span>t on the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s incom<span class=\"_ _7\"></span>e ta<span class=\"_ _7\"></span>x payable in f<span class=\"_ _7\"></span>uture pe<span class=\"_ _7\"></span>riod<span class=\"_ _7\"></span>s. The Gro<span class=\"_ _7\"></span>up relie<span class=\"_ _7\"></span>s on exp<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>t advi<span class=\"_ _7\"></span>ce from th<span class=\"_ _7\"></span>ird-par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y profess<span class=\"_ _7\"></span>ional<span class=\"_ _7\"></span>s, as well as op<span class=\"_ _7\"></span>en dia<span class=\"_ _7\"></span>logu<span class=\"_ _7\"></span>e with imp<span class=\"_ _7\"></span>leme<span class=\"_ _7\"></span>nting ta<span class=\"_ _7\"></span>x au<span class=\"_ _7\"></span>thoriti<span class=\"_ _7\"></span>es, to manage th<span class=\"_ _7\"></span>is risk.<span class=\"_ _304\"> </span>In ali<span class=\"_ _7\"></span>gnme<span class=\"_ _7\"></span>nt with the ado<span class=\"_ _7\"></span>ption of Pilla<span class=\"_ _7\"></span>r T<span class=\"_ _a\"></span>wo legi<span class=\"_ _7\"></span>slation by othe<span class=\"_ _7\"></span>r juris<span class=\"_ _7\"></span>diction<span class=\"_ _7\"></span>s, in Dece<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 202<span class=\"_ _9\"></span>3 Be<span class=\"_ _7\"></span>rmud<span class=\"_ _7\"></span>a enacted a c<span class=\"_ _7\"></span>orpo<span class=\"_ _7\"></span>rate<span class=\"_ _9\"></span> inco<span class=\"_ _7\"></span>me ta<span class=\"_ _7\"></span>x whi<span class=\"_ _7\"></span>ch will a<span class=\"_ _7\"></span>pply to the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s Ber<span class=\"_ _7\"></span>mudia<span class=\"_ _7\"></span>n resid<span class=\"_ _7\"></span>ent enti<span class=\"_ _7\"></span>ties wi<span class=\"_ _7\"></span>th effe<span class=\"_ _7\"></span>ct from 1 J<span class=\"_ _7\"></span>anua<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y 202<span class=\"_ _9\"></span>5 at a rate of 1<span class=\"_ _a\"></span>5<span class=\"_ _9\"></span>%. It is antic<span class=\"_ _7\"></span>ipated that the introd<span class=\"_ _7\"></span>uction of thi<span class=\"_ _7\"></span>s ta<span class=\"_ _7\"></span>x will inc<span class=\"_ _7\"></span>rease th<span class=\"_ _7\"></span>e incom<span class=\"_ _7\"></span>e ta<span class=\"_ _7\"></span>x payable a<span class=\"_ _7\"></span>nd therefo<span class=\"_ _7\"></span>re the ef<span class=\"_ _7\"></span>fective ta<span class=\"_ _7\"></span>x rate to whic<span class=\"_ _7\"></span>h the Grou<span class=\"_ _7\"></span>p is expose<span class=\"_ _7\"></span>d with ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t from 1 Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y 2025<span class=\"_ _9\"></span>. The G<span class=\"_ _7\"></span>roup rec<span class=\"_ _7\"></span>ogni<span class=\"_ _7\"></span>ses unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>tai<span class=\"_ _7\"></span>n ta<span class=\"_ _7\"></span>x provisio<span class=\"_ _7\"></span>ns whe<span class=\"_ _7\"></span>re there is un<span class=\"_ _7\"></span>cer<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>inty th<span class=\"_ _7\"></span>at a ta<span class=\"_ _7\"></span>x treatment w<span class=\"_ _7\"></span>ill be ac<span class=\"_ _7\"></span>cepted und<span class=\"_ _7\"></span>er loc<span class=\"_ _7\"></span>al law<span class=\"_ _9\"></span>, incl<span class=\"_ _7\"></span>uding m<span class=\"_ _7\"></span>atters w<span class=\"_ _7\"></span>hich a<span class=\"_ _7\"></span>re unde<span class=\"_ _7\"></span>r discus<span class=\"_ _7\"></span>sion w<span class=\"_ _7\"></span>ith the ta<span class=\"_ _7\"></span>x auth<span class=\"_ _7\"></span>oritie<span class=\"_ _7\"></span>s. Base<span class=\"_ _7\"></span>d on facts a<span class=\"_ _7\"></span>nd circum<span class=\"_ _7\"></span>stanc<span class=\"_ _7\"></span>es at the ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e sheet date, the range of the total exp<span class=\"_ _7\"></span>osure is e<span class=\"_ _7\"></span>stimated bet<span class=\"_ _7\"></span>wee<span class=\"_ _7\"></span>n $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>9 million a<span class=\"_ _7\"></span>nd $53 m<span class=\"_ _7\"></span>illion. Th<span class=\"_ _7\"></span>e estim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e is su<span class=\"_ _7\"></span>bjec<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o revi<span class=\"_ _7\"></span>ew on an ongoing basis<span class=\"_ _9\"></span> and is suscept<span class=\"_ _9\"></span>ible t<span class=\"_ _9\"></span>o the pr<span class=\"_ _9\"></span>ogress of t<span class=\"_ _9\"></span>he settlement discussions<span class=\"_ _9\"></span> with the t<span class=\"_ _9\"></span>a<span class=\"_ _7\"></span>x authorit<span class=\"_ _9\"></span>ies. Matters under<span class=\"_ _9\"></span> discussion whi<span class=\"_ _7\"></span>ch coul<span class=\"_ _7\"></span>d af<span class=\"_ _7\"></span>fect the e<span class=\"_ _7\"></span>stimate inclu<span class=\"_ _7\"></span>de the His<span class=\"_ _7\"></span>cox Group\u2019<span class=\"_ _a\"></span>s po<span class=\"_ _7\"></span>licy on th<span class=\"_ _7\"></span>e alloc<span class=\"_ _7\"></span>ation of expe<span class=\"_ _7\"></span>nses b<span class=\"_ _7\"></span>etwee<span class=\"_ _7\"></span>n comp<span class=\"_ _7\"></span>anie<span class=\"_ _7\"></span>s within th<span class=\"_ _7\"></span>e Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>, the allo<span class=\"_ _7\"></span>cation of in<span class=\"_ _7\"></span>come a<span class=\"_ _7\"></span>nd expe<span class=\"_ _7\"></span>nses be<span class=\"_ _7\"></span>twee<span class=\"_ _7\"></span>n branc<span class=\"_ _7\"></span>hes of the s<span class=\"_ _7\"></span>ame co<span class=\"_ _7\"></span>mpany<span class=\"_ _9\"></span>, and the pe<span class=\"_ _7\"></span>rio<span class=\"_ _7\"></span>d subje<span class=\"_ _7\"></span>ct to re-asse<span class=\"_ _7\"></span>ssm<span class=\"_ _7\"></span>ent.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-428": {
   "value": "3.2 Insurance risk<span class=\"_ _304\"> </span>The p<span class=\"_ _7\"></span>redom<span class=\"_ _7\"></span>inant r<span class=\"_ _7\"></span>isk to which th<span class=\"_ _7\"></span>e Group is ex<span class=\"_ _7\"></span>posed i<span class=\"_ _7\"></span>s insu<span class=\"_ _7\"></span>rance r<span class=\"_ _7\"></span>isk wh<span class=\"_ _7\"></span>ich is as<span class=\"_ _7\"></span>sume<span class=\"_ _7\"></span>d through th<span class=\"_ _7\"></span>e unde<span class=\"_ _7\"></span>rw<span class=\"_ _7\"></span>ritin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> proc<span class=\"_ _7\"></span>ess. Insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e risk c<span class=\"_ _7\"></span>an be su<span class=\"_ _7\"></span>b-categ<span class=\"_ _7\"></span>orise<span class=\"_ _7\"></span>d into<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>i) und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>iting ri<span class=\"_ _7\"></span>sk inclu<span class=\"_ _7\"></span>ding the r<span class=\"_ _7\"></span>isk of cata<span class=\"_ _7\"></span>strophe a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span>systemic i<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce los<span class=\"_ _7\"></span>ses an<span class=\"_ _7\"></span>d the insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ompeti<span class=\"_ _7\"></span>tion <span class=\"ls8 ws4\"> </span>and cyc<span class=\"_ _7\"></span>le, and ii) re<span class=\"_ _7\"></span>ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ng risk.<span class=\"_ _304\"> </span>i) Und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>iting ri<span class=\"_ _7\"></span>sk<span class=\"_ _304\"> </span>The B<span class=\"_ _7\"></span>oard sets the G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>iting strateg<span class=\"_ _7\"></span>y and r<span class=\"_ _7\"></span>isk appetit<span class=\"_ _9\"></span>e,<span class=\"_ _9\"></span> seek<span class=\"_ _7\"></span>ing<span class=\"_ _9\"></span> to e<span class=\"_ _9\"></span>xploit identified opportunities in<span class=\"_ _9\"></span> light o<span class=\"_ _9\"></span>f other<span class=\"_ _9\"></span> relevant<span class=\"_ _9\"></span> anticipat<span class=\"_ _9\"></span>ed marke<span class=\"_ _9\"></span>t conditions<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The B<span class=\"_ _7\"></span>oard req<span class=\"_ _7\"></span>uires a<span class=\"_ _7\"></span>ll unde<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>writer<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o op<span class=\"_ _7\"></span>erate withi<span class=\"_ _7\"></span>n an overall Grou<span class=\"_ _7\"></span>p appetite for in<span class=\"_ _7\"></span>divid<span class=\"_ _7\"></span>ual events. T<span class=\"_ _7\"></span>his defi<span class=\"_ _7\"></span>nes the ma<span class=\"_ _7\"></span>x<span class=\"_ _7\"></span>imum expos<span class=\"_ _7\"></span>ure that the Gro<span class=\"_ _7\"></span>up is prep<span class=\"_ _7\"></span>ared to retain o<span class=\"_ _7\"></span>n its own acco<span class=\"_ _7\"></span>unt for any on<span class=\"_ _7\"></span>e potential cat<span class=\"_ _7\"></span>astrophe eve<span class=\"_ _7\"></span>nt or dis<span class=\"_ _7\"></span>aster<span class=\"_ _a\"></span>. In addi<span class=\"_ _7\"></span>tion, the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s ov<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rall und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>iting ris<span class=\"_ _7\"></span>k appeti<span class=\"_ _7\"></span>te<span class=\"_ _9\"></span> see<span class=\"_ _7\"></span>ks to ensure that in a 1<span class=\"_ _9\"></span>-in-200 bad yea<span class=\"_ _7\"></span>r we are with<span class=\"_ _7\"></span>in the und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wri<span class=\"_ _7\"></span>ting ris<span class=\"_ _7\"></span>k limit. The l<span class=\"_ _7\"></span>imit is c<span class=\"_ _7\"></span>alibr<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed e<span class=\"_ _7\"></span>ach yea<span class=\"_ _7\"></span>r base<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> on expo<span class=\"_ _7\"></span>sure, expec<span class=\"_ _7\"></span>ted profit and th<span class=\"_ _7\"></span>e size of other cor<span class=\"_ _7\"></span>related ris<span class=\"_ _7\"></span>ks t<span class=\"_ _9\"></span>o en<span class=\"_ _7\"></span>able u<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o co<span class=\"_ _7\"></span>ntinue in bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss and t<span class=\"_ _7\"></span>ake advantag<span class=\"_ _7\"></span>e of mark<span class=\"_ _9\"></span>et opportunities tha<span class=\"_ _9\"></span>t arise.<span class=\"_ _304\"> </span>Specific under<span class=\"_ _7\"></span>writing<span class=\"_ _9\"></span> objectives such as<span class=\"_ _9\"></span> aggregation<span class=\"_ _9\"></span> limits,<span class=\"_ _9\"></span> reinsurance pro<span class=\"_ _9\"></span>tection<span class=\"_ _9\"></span> thresholds and geographical disaster<span class=\"_ _9\"></span> event ri<span class=\"_ _7\"></span>sk expos<span class=\"_ _7\"></span>ures are p<span class=\"_ _7\"></span>repare<span class=\"_ _7\"></span>d and revi<span class=\"_ _7\"></span>ewed by the Group Chie<span class=\"_ _7\"></span>f Unde<span class=\"_ _7\"></span>rw<span class=\"_ _7\"></span>ritin<span class=\"_ _7\"></span>g Of<span class=\"_ _7\"></span>fice<span class=\"_ _7\"></span>r in orde<span class=\"_ _7\"></span>r t<span class=\"_ _9\"></span>o tran<span class=\"_ _7\"></span>slate the Boa<span class=\"_ _7\"></span>rd\u2019<span class=\"_ _a\"></span>s summarised under<span class=\"_ _7\"></span>writing<span class=\"_ _9\"></span> strat<span class=\"_ _9\"></span>egy int<span class=\"_ _9\"></span>o specific measurable<span class=\"_ _9\"></span> actio<span class=\"_ _7\"></span>ns and ta<span class=\"_ _7\"></span>rgets. The<span class=\"_ _7\"></span>se actio<span class=\"_ _7\"></span>ns and ta<span class=\"_ _7\"></span>rgets are revi<span class=\"_ _7\"></span>ewed <span class=\"ls8 ws4\"> </span>and a<span class=\"_ _7\"></span>pproved by the Boa<span class=\"_ _7\"></span>rd in advan<span class=\"_ _7\"></span>ce of each u<span class=\"_ _7\"></span>nder<span class=\"_ _7\"></span>w<span class=\"_ _7\"></span>riting year<span class=\"_ _9\"></span>. The Bo<span class=\"_ _7\"></span>ard contin<span class=\"_ _7\"></span>ually rev<span class=\"_ _7\"></span>iews its un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>iting strateg<span class=\"_ _7\"></span>y throug<span class=\"_ _7\"></span>hout e<span class=\"_ _7\"></span>ach und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wri<span class=\"_ _7\"></span>ting year i<span class=\"_ _7\"></span>n light of the evol<span class=\"_ _7\"></span>ving market<span class=\"_ _9\"></span> pricing and loss condit<span class=\"_ _9\"></span>ions and as opportunities<span class=\"_ _9\"></span> pres<span class=\"_ _7\"></span>ent them<span class=\"_ _7\"></span>selve<span class=\"_ _7\"></span>s. The G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s unde<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>writer<span class=\"_ _7\"></span>s and man<span class=\"_ _7\"></span>agem<span class=\"_ _7\"></span>ent cons<span class=\"_ _7\"></span>ider u<span class=\"_ _7\"></span>nder<span class=\"_ _7\"></span>w<span class=\"_ _7\"></span>riting r<span class=\"_ _7\"></span>isk at an i<span class=\"_ _7\"></span>ndiv<span class=\"_ _7\"></span>idual contra<span class=\"_ _7\"></span>ct level, and a<span class=\"_ _7\"></span>lso from a p<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tfol<span class=\"_ _7\"></span>io per<span class=\"_ _7\"></span>spec<span class=\"_ _7\"></span>tive, where <span class=\"ls8 ws4\"> </span>the ri<span class=\"_ _7\"></span>sks assu<span class=\"_ _7\"></span>med in s<span class=\"_ _7\"></span>imila<span class=\"_ _7\"></span>r clas<span class=\"_ _7\"></span>ses of pol<span class=\"_ _7\"></span>icie<span class=\"_ _7\"></span>s are aggre<span class=\"_ _7\"></span>gated and th<span class=\"_ _7\"></span>e exposure eva<span class=\"_ _7\"></span>luated in lig<span class=\"_ _7\"></span>ht of historic<span class=\"_ _7\"></span>al por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio experience and prospect<span class=\"_ _9\"></span>ive fact<span class=\"_ _9\"></span>ors.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>o as<span class=\"_ _7\"></span>sist wi<span class=\"_ _7\"></span>th the proce<span class=\"_ _7\"></span>ss of pr<span class=\"_ _7\"></span>icing a<span class=\"_ _7\"></span>nd mana<span class=\"_ _7\"></span>ging und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wri<span class=\"_ _7\"></span>ting ris<span class=\"_ _7\"></span>k, the Group ro<span class=\"_ _7\"></span>utinel<span class=\"_ _7\"></span>y per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>ms a wid<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>range of<span class=\"_ _9\"></span> activities includi<span class=\"_ _9\"></span>ng the f<span class=\"_ _9\"></span>ollowing<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>regularly updat<span class=\"_ _9\"></span>ing the Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s risk models;<span class=\"_ _9\"></span> </span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>documenting<span class=\"_ _9\"></span>, monit<span class=\"_ _9\"></span>oring and reporting on the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s </span></span>strategy to man<span class=\"_ _7\"></span>age ris<span class=\"_ _7\"></span>k;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>develop<span class=\"_ _7\"></span>ing systems that f<span class=\"_ _7\"></span>acilitate the id<span class=\"_ _7\"></span>entific<span class=\"_ _7\"></span>ation of </span>eme<span class=\"_ _7\"></span>rging is<span class=\"_ _7\"></span>sue<span class=\"_ _7\"></span>s promptly;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls7c ws89\"> <span class=\"_ _24\"></span>utilising sophisticat<span class=\"_ _9\"></span>ed computer modelling tools t<span class=\"_ _9\"></span>o </span>simulat<span class=\"_ _9\"></span>e catast<span class=\"_ _9\"></span>rophes and measure t<span class=\"_ _9\"></span>he resultant<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>potential l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s before and af<span class=\"_ _7\"></span>ter re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls39 ws43\"> <span class=\"_ _24\"></span>monit<span class=\"_ _9\"></span>oring legal developments<span class=\"_ _9\"></span> and amending the </span>wordi<span class=\"_ _9\"></span>ng of poli<span class=\"_ _9\"></span>cies when neces<span class=\"_ _7\"></span>sary;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3c ws45\"> <span class=\"_ _24\"></span>regularly aggregating risk e<span class=\"_ _9\"></span>xposures across individual </span>und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wri<span class=\"_ _7\"></span>ting por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folios a<span class=\"_ _7\"></span>nd kn<span class=\"_ _7\"></span>own accum<span class=\"_ _7\"></span>ulation<span class=\"_ _7\"></span>s of risk;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>examinin<span class=\"_ _7\"></span>g the aggre<span class=\"_ _7\"></span>gated expos<span class=\"_ _7\"></span>ures in ad<span class=\"_ _7\"></span>vance of </span>und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wri<span class=\"_ _7\"></span>ting fur<span class=\"_ _7\"></span>th<span class=\"_ _7\"></span>er larg<span class=\"_ _7\"></span>e risks; and<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>develop<span class=\"_ _7\"></span>ing proc<span class=\"_ _7\"></span>esse<span class=\"_ _7\"></span>s that conti<span class=\"_ _7\"></span>nuall<span class=\"_ _7\"></span>y factor mar<span class=\"_ _7\"></span>ket<span class=\"_ _9\"></span> </span>int<span class=\"_ _9\"></span>elligence into<span class=\"_ _9\"></span> the pricing process.<span class=\"_ _304\"> </span>The delegation o<span class=\"_ _9\"></span>f under<span class=\"_ _7\"></span>writing<span class=\"_ _9\"></span> authority to specific<span class=\"_ _9\"></span> individuals,<span class=\"_ _9\"></span> both intern<span class=\"_ _7\"></span>ally a<span class=\"_ _7\"></span>nd exter<span class=\"_ _7\"></span>nall<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, is su<span class=\"_ _7\"></span>bjec<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o reg<span class=\"_ _7\"></span>ular rev<span class=\"_ _7\"></span>iew<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> All u<span class=\"_ _7\"></span>nder<span class=\"_ _7\"></span>w<span class=\"_ _7\"></span>riting s<span class=\"_ _7\"></span>taf<span class=\"_ _7\"></span>f and bin<span class=\"_ _7\"></span>ding ag<span class=\"_ _7\"></span>encie<span class=\"_ _7\"></span>s have stric<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span> para<span class=\"_ _7\"></span>meters in re<span class=\"_ _7\"></span>lation to the level<span class=\"_ _7\"></span>s and t<span class=\"_ _7\"></span>ype<span class=\"_ _7\"></span>s of busine<span class=\"_ _7\"></span>ss they ca<span class=\"_ _7\"></span>n unde<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>write, based o<span class=\"_ _7\"></span>n indi<span class=\"_ _7\"></span>vidua<span class=\"_ _7\"></span>l levels of exp<span class=\"_ _7\"></span>erie<span class=\"_ _7\"></span>nce and c<span class=\"_ _7\"></span>ompetenc<span class=\"_ _7\"></span>e. Thes<span class=\"_ _7\"></span>e param<span class=\"_ _7\"></span>eters cover a<span class=\"_ _7\"></span>reas su<span class=\"_ _7\"></span>ch as the ma<span class=\"_ _7\"></span>ximum sums<span class=\"_ _9\"></span> insured per insur<span class=\"_ _9\"></span>ance contract<span class=\"_ _9\"></span>, maximum<span class=\"_ _304\"> </span><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs97c\">gross p<span class=\"_ _7\"></span>remiu<span class=\"_ _7\"></span>ms wri<span class=\"_ _7\"></span>tten an<span class=\"_ _7\"></span>d ma<span class=\"_ _7\"></span>ximu<span class=\"_ _7\"></span>m aggreg<span class=\"_ _7\"></span>ated exposu<span class=\"_ _7\"></span>res </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs97d\">per geographical zone and risk class.<span class=\"_ _9\"></span> Regular meetings </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs97e\">are he<span class=\"_ _7\"></span>ld bet<span class=\"_ _7\"></span>ween the G<span class=\"_ _7\"></span>roup Ch<span class=\"_ _7\"></span>ief Unde<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>writi<span class=\"_ _7\"></span>ng Of<span class=\"_ _7\"></span>fic<span class=\"_ _7\"></span>er and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs97f\">a specialist t<span class=\"_ _9\"></span>eam in order<span class=\"_ _9\"></span> to monit<span class=\"_ _9\"></span>or claims<span class=\"_ _9\"></span> development<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3c ws45 gs980\">patterns and discuss individual under<span class=\"_ _7\"></span>writing issues as they<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs981\">ari<span class=\"_ _7\"></span>se. The Gro<span class=\"_ _7\"></span>up com<span class=\"_ _7\"></span>piles e<span class=\"_ _7\"></span>stimates of los<span class=\"_ _7\"></span>ses a<span class=\"_ _7\"></span>risin<span class=\"_ _7\"></span>g from </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs982\">extreme loss ev<span class=\"_ _9\"></span>ents using st<span class=\"_ _9\"></span>atistical models alongside inp<span class=\"_ _9\"></span>ut </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs983\">from it<span class=\"_ _9\"></span>s under<span class=\"_ _7\"></span>writers<span class=\"_ _9\"></span>. These require significan<span class=\"_ _9\"></span>t management </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws80 gs984\">judgement.<span class=\"_ _9\"></span> <span class=\"_ _9\"></span><span class=\"ls38 ws41\">The ex<span class=\"_ _7\"></span>treme los<span class=\"_ _7\"></span>s sce<span class=\"_ _7\"></span>nari<span class=\"_ _7\"></span>os, shown on pa<span class=\"_ _7\"></span>ges 38 to </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs985\">39, represe<span class=\"_ _7\"></span>nt hypothetic<span class=\"_ _7\"></span>al maj<span class=\"_ _7\"></span>or events oc<span class=\"_ _7\"></span>curr<span class=\"_ _7\"></span>ing in are<span class=\"_ _7\"></span>as with </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs986\">larg<span class=\"_ _7\"></span>e insure<span class=\"_ _7\"></span>d value<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs987\">They a<span class=\"_ _7\"></span>lso rep<span class=\"_ _7\"></span>resent a<span class=\"_ _7\"></span>reas of potentia<span class=\"_ _7\"></span>lly sig<span class=\"_ _7\"></span>nific<span class=\"_ _7\"></span>ant expos<span class=\"_ _7\"></span>ure for </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs988\">Hisc<span class=\"_ _7\"></span>ox<span class=\"_ _9\"></span>. In ad<span class=\"_ _7\"></span>dition to unde<span class=\"_ _7\"></span>rsta<span class=\"_ _7\"></span>nding th<span class=\"_ _7\"></span>e loss Hi<span class=\"_ _7\"></span>scox may suf<span class=\"_ _7\"></span>fer </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs989\">from a<span class=\"_ _7\"></span>n event, it is impo<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>ant to ensure th<span class=\"_ _7\"></span>at the risk m<span class=\"_ _7\"></span>odels </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs98a\">use<span class=\"_ _7\"></span>d are cal<span class=\"_ _7\"></span>ibrated to the risks f<span class=\"_ _7\"></span>aced today<span class=\"_ _9\"></span>. This i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>es </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs98b\">recognising and for<span class=\"_ _9\"></span>ecasting inflat<span class=\"_ _9\"></span>ionar<span class=\"_ _7\"></span>y trends,<span class=\"_ _9\"></span> updating t<span class=\"_ _9\"></span>rends </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs98c\">in cla<span class=\"_ _7\"></span>ims paym<span class=\"_ _7\"></span>ents, and c<span class=\"_ _7\"></span>apturin<span class=\"_ _7\"></span>g climate cha<span class=\"_ _7\"></span>nge-re<span class=\"_ _7\"></span>lated </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs98d\">impac<span class=\"_ _7\"></span>ts. Hiscox has a c<span class=\"_ _7\"></span>limate risk f<span class=\"_ _7\"></span>ramewo<span class=\"_ _7\"></span>rk, whi<span class=\"_ _7\"></span>ch is use<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs98e\">to asse<span class=\"_ _7\"></span>ss whe<span class=\"_ _7\"></span>re rese<span class=\"_ _7\"></span>arch res<span class=\"_ _7\"></span>ources s<span class=\"_ _7\"></span>hould b<span class=\"_ _7\"></span>e focuse<span class=\"_ _7\"></span>d, and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs98f\">mode<span class=\"_ _7\"></span>ls upd<span class=\"_ _7\"></span>ated, and as a res<span class=\"_ _7\"></span>ult improves n<span class=\"_ _7\"></span>ot only the G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs990\">und<span class=\"_ _7\"></span>ersta<span class=\"_ _7\"></span>nding of the p<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>enti<span class=\"_ _7\"></span>al impa<span class=\"_ _7\"></span>ct of a chan<span class=\"_ _7\"></span>ging cli<span class=\"_ _7\"></span>mate<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs991\">but a<span class=\"_ _7\"></span>lso the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s abili<span class=\"_ _7\"></span>ty to resp<span class=\"_ _7\"></span>ond.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs992\">The s<span class=\"_ _7\"></span>ele<span class=\"_ _7\"></span>ction of ex<span class=\"_ _7\"></span>treme los<span class=\"_ _7\"></span>s sce<span class=\"_ _7\"></span>nari<span class=\"_ _7\"></span>o events is adju<span class=\"_ _7\"></span>sted<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs993\">eac<span class=\"_ _7\"></span>h year an<span class=\"_ _7\"></span>d they are not the<span class=\"_ _7\"></span>refore nec<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>aril<span class=\"_ _7\"></span>y directl<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs994\">com<span class=\"_ _7\"></span>parab<span class=\"_ _7\"></span>le from on<span class=\"_ _7\"></span>e year to the nex<span class=\"_ _7\"></span>t. The events are ex<span class=\"_ _7\"></span>trem<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs995\">and u<span class=\"_ _7\"></span>nprec<span class=\"_ _7\"></span>edented, an<span class=\"_ _7\"></span>d as suc<span class=\"_ _7\"></span>h these e<span class=\"_ _7\"></span>stimates may prove </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs996\">inad<span class=\"_ _7\"></span>equate as a re<span class=\"_ _7\"></span>sult of inc<span class=\"_ _7\"></span>orrec<span class=\"_ _7\"></span>t assu<span class=\"_ _7\"></span>mptions, mod<span class=\"_ _7\"></span>el </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs997\">defic<span class=\"_ _7\"></span>ienc<span class=\"_ _7\"></span>ies, or lo<span class=\"_ _7\"></span>sses f<span class=\"_ _7\"></span>rom unmo<span class=\"_ _7\"></span>dell<span class=\"_ _7\"></span>ed ris<span class=\"_ _7\"></span>ks. This me<span class=\"_ _7\"></span>ans that </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs998\">shou<span class=\"_ _7\"></span>ld an ex<span class=\"_ _7\"></span>treme lo<span class=\"_ _7\"></span>ss event actu<span class=\"_ _7\"></span>ally o<span class=\"_ _7\"></span>ccur<span class=\"_ _9\"></span>, the Group\u2019<span class=\"_ _a\"></span>s fi<span class=\"_ _7\"></span>nal </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs999\">ultim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e lo<span class=\"_ _7\"></span>sses c<span class=\"_ _7\"></span>ould mater<span class=\"_ _7\"></span>iall<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fer f<span class=\"_ _7\"></span>rom those e<span class=\"_ _7\"></span>stimates </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs99a\">modelled by<span class=\"_ _9\"></span> management. The Gr<span class=\"_ _9\"></span>oup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s in<span class=\"_ _9\"></span>surance contract<span class=\"_ _9\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs99b\">incl<span class=\"_ _7\"></span>ude provis<span class=\"_ _7\"></span>ions to conta<span class=\"_ _7\"></span>in loss<span class=\"_ _7\"></span>es, suc<span class=\"_ _7\"></span>h as the abi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs99c\">impose deductibles<span class=\"_ _9\"></span> and demand reinstat<span class=\"_ _9\"></span>ement premiums<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs99d\">in ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain ca<span class=\"_ _7\"></span>ses. In add<span class=\"_ _7\"></span>ition, in ord<span class=\"_ _7\"></span>er to manag<span class=\"_ _7\"></span>e the Group\u2019<span class=\"_ _a\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs99e\">expos<span class=\"_ _7\"></span>ure to repeated c<span class=\"_ _7\"></span>atastroph<span class=\"_ _7\"></span>ic events (both ma<span class=\"_ _7\"></span>n-made </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs99f\">and nat<span class=\"_ _9\"></span>ural catastr<span class=\"_ _9\"></span>ophes)<span class=\"_ _9\"></span>, r<span class=\"_ _9\"></span>elevant<span class=\"_ _9\"></span> policies frequently cont<span class=\"_ _9\"></span>ain </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9a0\">payme<span class=\"_ _7\"></span>nt limits to ca<span class=\"_ _7\"></span>p the ma<span class=\"_ _7\"></span>xim<span class=\"_ _7\"></span>um amou<span class=\"_ _7\"></span>nt payable f<span class=\"_ _7\"></span>rom <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9a1\">thes<span class=\"_ _7\"></span>e insure<span class=\"_ _7\"></span>d events over the contr<span class=\"_ _7\"></span>act per<span class=\"_ _7\"></span>iod. In the c<span class=\"_ _7\"></span>ase of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws40 gs9a2\">climat<span class=\"_ _9\"></span>e-exposed risks specifically<span class=\"_ _a\"></span>, the<span class=\"_ _9\"></span> vast majority of con<span class=\"_ _9\"></span>tracts<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9a3\">wri<span class=\"_ _7\"></span>tten by the G<span class=\"_ _7\"></span>roup are an<span class=\"_ _7\"></span>nual in n<span class=\"_ _7\"></span>ature and thu<span class=\"_ _7\"></span>s can be </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9a4\">revise<span class=\"_ _7\"></span>d freq<span class=\"_ _7\"></span>uently<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>is flexibi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y is a key t<span class=\"_ _9\"></span>ool for m<span class=\"_ _7\"></span>anagi<span class=\"_ _7\"></span>ng <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9a5\">the mul<span class=\"_ _7\"></span>ti-dec<span class=\"_ _7\"></span>ade ch<span class=\"_ _7\"></span>allen<span class=\"_ _7\"></span>ge of clim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e ri<span class=\"_ _7\"></span>sks holi<span class=\"_ _7\"></span>stical<span class=\"_ _7\"></span>ly<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9a7\">The G<span class=\"_ _7\"></span>roup al<span class=\"_ _7\"></span>so mana<span class=\"_ _7\"></span>ges un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>iting ri<span class=\"_ _7\"></span>sk by purcha<span class=\"_ _7\"></span>sing </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9a8\">reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e. Reinsu<span class=\"_ _7\"></span>rance p<span class=\"_ _7\"></span>rot<span class=\"_ _9\"></span>ec<span class=\"_ _7\"></span>tion is pu<span class=\"_ _7\"></span>rchase<span class=\"_ _7\"></span>d at an entit<span class=\"_ _7\"></span>y </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9a9\">level a<span class=\"_ _7\"></span>nd is also c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered at a<span class=\"_ _7\"></span>n overall G<span class=\"_ _7\"></span>roup level to mitig<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls78 ws41 gs9aa\">the ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t of catastrop<span class=\"_ _7\"></span>hes an<span class=\"_ _7\"></span>d unexpe<span class=\"_ _7\"></span>cted con<span class=\"_ _7\"></span>centratio<span class=\"_ _7\"></span>ns of risk. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls8b ws41 gs9ab\">However<span class=\"_ _a\"></span>, th<span class=\"_ _7\"></span>e scope a<span class=\"_ _7\"></span>nd ty<span class=\"_ _7\"></span>pe of rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce protection pu<span class=\"_ _7\"></span>rchas<span class=\"_ _7\"></span>ed </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9ac\">may cha<span class=\"_ _7\"></span>nge de<span class=\"_ _7\"></span>pend<span class=\"_ _7\"></span>ing on the ex<span class=\"_ _7\"></span>tent and c<span class=\"_ _7\"></span>ompeti<span class=\"_ _7\"></span>tivene<span class=\"_ _7\"></span>ss of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9ad\">cov<span class=\"_ _9\"></span>er available<span class=\"_ _9\"></span> in the mark<span class=\"_ _9\"></span>et.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9ae\">The estimat<span class=\"_ _9\"></span>ed liquidity pro<span class=\"_ _9\"></span>file t<span class=\"_ _9\"></span>o settle t<span class=\"_ _9\"></span>he net claims l<span class=\"_ _9\"></span>iabilities <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9af\">is give<span class=\"_ _7\"></span>n in note 3.3(<span class=\"_ _9\"></span>e)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9b0\">The s<span class=\"_ _7\"></span>pec<span class=\"_ _7\"></span>ific insu<span class=\"_ _7\"></span>rance r<span class=\"_ _7\"></span>isks ac<span class=\"_ _7\"></span>cepted by the Grou<span class=\"_ _7\"></span>p fall <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9b1\">broadl<span class=\"_ _7\"></span>y into the followin<span class=\"_ _7\"></span>g main c<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>eg<span class=\"_ _7\"></span>orie<span class=\"_ _7\"></span>s: reinsura<span class=\"_ _7\"></span>nce <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9b2\">inw<span class=\"_ _9\"></span>ards, marine<span class=\"_ _9\"></span> and major asset pr<span class=\"_ _9\"></span>oper<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>, o<span class=\"_ _9\"></span>ther propert<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3d ws46 gs9b3\">risks<span class=\"_ _9\"></span>, casualty prof<span class=\"_ _9\"></span>essional indemnity and casualty ot<span class=\"_ _9\"></span>her </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9b4\">insurance risks<span class=\"_ _9\"></span>. These specific cat<span class=\"_ _9\"></span>egories are defined for<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9b5\">ris<span class=\"_ _7\"></span>k review pur<span class=\"_ _7\"></span>pose<span class=\"_ _7\"></span>s only<span class=\"_ _9\"></span>, as eac<span class=\"_ _7\"></span>h conta<span class=\"_ _7\"></span>ins ris<span class=\"_ _7\"></span>ks spec<span class=\"_ _7\"></span>ific <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9b6\">to the nature of the cover p<span class=\"_ _7\"></span>rovided. Th<span class=\"_ _7\"></span>ey are not exclusi<span class=\"_ _7\"></span>vely </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9b7\">aligned t<span class=\"_ _9\"></span>o any specific r<span class=\"_ _9\"></span>epor<span class=\"_ _7\"></span>table segment in<span class=\"_ _9\"></span> the Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9b8\">operational<span class=\"_ _9\"></span> structure or<span class=\"_ _9\"></span> to<span class=\"_ _9\"></span> the primar<span class=\"_ _7\"></span>y in<span class=\"_ _9\"></span>ternal reports<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9b9\">review<span class=\"_ _9\"></span>ed by<span class=\"_ _9\"></span> the chief opera<span class=\"_ _9\"></span>ting decision-mak<span class=\"_ _9\"></span>er<span class=\"_ _a\"></span>. The Group<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9ba\">also c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ers c<span class=\"_ _7\"></span>limate chan<span class=\"_ _7\"></span>ge to be a cross-<span class=\"_ _7\"></span>cut<span class=\"_ _7\"></span>ting ris<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9bb\">with potenti<span class=\"_ _7\"></span>al to impact e<span class=\"_ _7\"></span>ach existin<span class=\"_ _7\"></span>g risk t<span class=\"_ _7\"></span>yp<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, rathe<span class=\"_ _7\"></span>r than a </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9bc\">stan<span class=\"_ _7\"></span>d-alon<span class=\"_ _7\"></span>e risk. By d<span class=\"_ _7\"></span>esig<span class=\"_ _7\"></span>n, the esta<span class=\"_ _7\"></span>blishe<span class=\"_ _7\"></span>d and e<span class=\"_ _7\"></span>mbed<span class=\"_ _7\"></span>ded </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9bd\">Grou<span class=\"_ _7\"></span>p risk ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>ment f<span class=\"_ _7\"></span>ramewor<span class=\"_ _7\"></span>k provide<span class=\"_ _7\"></span>s a controll<span class=\"_ _7\"></span>ed </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9be\">and c<span class=\"_ _7\"></span>onsistent sy<span class=\"_ _7\"></span>stem for the ide<span class=\"_ _7\"></span>ntificatio<span class=\"_ _7\"></span>n, measu<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs9bf\">mitigation<span class=\"_ _9\"></span>, monit<span class=\"_ _9\"></span>oring and reporting of risks<span class=\"_ _9\"></span> (both current<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9c0\">and e<span class=\"_ _7\"></span>mergi<span class=\"_ _7\"></span>ng) and so is str<span class=\"_ _7\"></span>ucture<span class=\"_ _7\"></span>d in a way that allows us to </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9c1\">continually<span class=\"_ _9\"></span> and consist<span class=\"_ _9\"></span>ently manage t<span class=\"_ _9\"></span>he various impact<span class=\"_ _9\"></span>s of<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9c2\">clim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e r<span class=\"_ _7\"></span>isk on the r<span class=\"_ _7\"></span>isk profile. T<span class=\"_ _7\"></span>his is sup<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ted by equ<span class=\"_ _7\"></span>ally </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9c3\">robus<span class=\"_ _7\"></span>t proce<span class=\"_ _7\"></span>sses a<span class=\"_ _7\"></span>nd poli<span class=\"_ _7\"></span>cies th<span class=\"_ _7\"></span>at addres<span class=\"_ _7\"></span>s climate-re<span class=\"_ _7\"></span>lated </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9c4\">under<span class=\"_ _7\"></span>writing risk<span class=\"_ _9\"></span>s, such as<span class=\"_ _9\"></span> the Group-<span class=\"_ _9\"></span>wide E<span class=\"_ _9\"></span>SG ex<span class=\"_ _9\"></span>clusions<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gs9c5\">policy which repr<span class=\"_ _9\"></span>ese<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>s a commitment t<span class=\"_ _9\"></span>o reduce st<span class=\"_ _9\"></span>eadily<span class=\"_ _a\"></span>, <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9c6\">and e<span class=\"_ _7\"></span>limin<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e by 2030, both unde<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>writi<span class=\"_ _7\"></span>ng and inve<span class=\"_ _7\"></span>stment </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9c7\">expos<span class=\"_ _7\"></span>ure to coal-fired power p<span class=\"_ _7\"></span>lants an<span class=\"_ _7\"></span>d coal m<span class=\"_ _7\"></span>ines; Arctic </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9c8\">ene<span class=\"_ _7\"></span>rgy expl<span class=\"_ _7\"></span>oration, be<span class=\"_ _7\"></span>ginni<span class=\"_ _7\"></span>ng with the A<span class=\"_ _7\"></span>rctic Natio<span class=\"_ _7\"></span>nal <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9c9\">Wildlife Re<span class=\"_ _9\"></span>fuge; oi<span class=\"_ _9\"></span>l sands;<span class=\"_ _9\"></span> and contr<span class=\"_ _9\"></span>oversial w<span class=\"_ _9\"></span>eapons <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3c ws45 gs9ca\">such as landmines.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gs9cb\">More in<span class=\"_ _9\"></span>formation on<span class=\"_ _9\"></span> the st<span class=\"_ _9\"></span>rategy and<span class=\"_ _9\"></span> governance st<span class=\"_ _9\"></span>ructures <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9cc\">in pla<span class=\"_ _7\"></span>ce to manage c<span class=\"_ _7\"></span>limate-re<span class=\"_ _7\"></span>lated risks c<span class=\"_ _7\"></span>an be fou<span class=\"_ _7\"></span>nd on <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9cd\">page<span class=\"_ _7\"></span>s 50 to 6<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.<span class=\"ls3b ws44\"> The follo<span class=\"_ _9\"></span>wing describes the policies and<span class=\"_ _9\"></span> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9ce\">proc<span class=\"_ _7\"></span>edure<span class=\"_ _7\"></span>s used to ide<span class=\"_ _7\"></span>ntif<span class=\"_ _7\"></span>y and me<span class=\"_ _7\"></span>asure th<span class=\"_ _7\"></span>e risks <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9cf\">ass<span class=\"_ _7\"></span>ociated wi<span class=\"_ _7\"></span>th each i<span class=\"_ _7\"></span>ndivi<span class=\"_ _7\"></span>dual c<span class=\"_ _7\"></span>ategor<span class=\"_ _7\"></span>y of bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9d0\">Estimated c<span class=\"_ _7\"></span>once<span class=\"_ _7\"></span>ntration of insu<span class=\"_ _7\"></span>rance r<span class=\"_ _7\"></span>isks me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d in </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9d1\">insu<span class=\"_ _7\"></span>rance reve<span class=\"_ _7\"></span>nue is as fo<span class=\"_ _7\"></span>llows:<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gs9d3\">Estim<span class=\"_ _7\"></span>ated conc<span class=\"_ _7\"></span>entra<span class=\"_ _7\"></span>tion of insur<span class=\"_ _7\"></span>ance r<span class=\"_ _7\"></span>isk in 2023<span class=\"_ _304\"> </span></div><div class=\"gs9d4\"><table class=\"s w192 ha2\" id=\"_0900bd1a-1292-479d-a396-b170564a6c08\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x3c8 h43 y1f62 ff64 fs28 fc2 sc0 lse4 ws15d\">T<span class=\"_ _9\"></span>yp<span class=\"_ _7\"></span>es of i<span class=\"_ _7\"></span>nsu<span class=\"_ _7\"></span>ran<span class=\"_ _7\"></span>ce ri<span class=\"_ _7\"></span>sk in th<span class=\"_ _7\"></span>e Gro<span class=\"_ _7\"></span>up<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x3c9 h43 y1f63 ff64 fs28 fc2 sc0 lse4 ws15d\">Pro<span class=\"_ _7\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y \u2013<span class=\"_ _304\"> </span></td><td class=\"t m0 x3ca h43 y1f63 ff64 fs28 fc2 sc0 lse4 ws15d\">Pro<span class=\"_ _7\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y \u2013<span class=\"_ _304\"> </span></td><td class=\"t m0 x3cb h43 y1f63 ff64 fs28 fc2 sc0 lsed ws139\">Casualty \u2013<span class=\"_ _304\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3b8 h43 y1f64 ff64 fs28 fc2 sc0 lsed ws17b\">Reinsurance<span class=\"_ _304\"> </span></td><td class=\"t m0 x3cc h43 y1f64 ff64 fs28 fc2 sc0 ls34 ws1cb\">marine and<span class=\"_ _304\"> </span></td><td class=\"t m0 x3cd h43 y1f64 ff64 fs28 fc2 sc0 ls131 ws1bc\">other<span class=\"_ _304\"> </span></td><td class=\"t m0 x3ce h43 y1f64 ff64 fs28 fc2 sc0 lse6 ws12d\">professional<span class=\"_ _304\"> </span></td><td class=\"t m0 x3cf h43 y1f64 ff64 fs28 fc2 sc0 lsed ws139\">Casualty \u2013<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3d0 h43 y1f65 ff64 fs28 fc2 sc0 ls16b ws22c\">inwar<span class=\"_ _7\"></span>ds<span class=\"_ _304\"> </span></td><td class=\"t m0 x3b9 h43 y1f65 ff64 fs28 fc2 sc0 ls10a ws15e\">major assets<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d1 h43 y1f65 ff64 fs28 fc2 sc0 ls7c ws98\">assets<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d2 h43 y1f65 ff64 fs28 fc2 sc0 lsf0 ws1b9\">indemnity<span class=\"_ _304\"> </span></td><td class=\"t m0 x3cf h43 y1f65 ff64 fs28 fc2 sc0 ls131 ws1b8\">other risks<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d3 h43 y1f65 ff64 fs28 fc2 sc0 lsa ws34\">Other*<span class=\"_ _9\"></span> </td><td class=\"t m0 x1fc h43 y1f65 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3d4 h43 y1f66 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d5 h43 y1f66 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d6 h43 y1f66 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d7 h43 y1f66 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h43 y1f66 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h43 y1f66 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y1f66 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1e80 w170 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3d wsf4\">T<span class=\"_ _a\"></span>otal<span class=\"_ _304\"> </span></div></td><td class=\"c n x3d8 y1e80 w193 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8c ws163\">976<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x3d9 y1e80 w194 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa6 wsc1\">345.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x3da y1e80 w195 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb3 wsd0\">90<span class=\"_ _7\"></span>3.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x3db y1e80 w196 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>7<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x3dc y1e80 w21 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">789.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x3dd y1e80 w197 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">39<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x3de y1e80 w152 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls75 ws11a\">4,48<span class=\"_ _7\"></span>3.2<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs9d5\">Estimated c<span class=\"_ _7\"></span>once<span class=\"_ _7\"></span>ntration of insu<span class=\"_ _7\"></span>rance r<span class=\"_ _7\"></span>isk in 2022 (restated)<span class=\"_ _304\"> </span></div><div class=\"gs9d6\"><table class=\"s w198 ha3\" id=\"_27954f2d-469f-4a2a-a5e5-171166a5dd62\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x3df h44 y1f67 ff5f fs28 fc2 sc0 lse4 ws15d\">T<span class=\"_ _9\"></span>yp<span class=\"_ _7\"></span>es of i<span class=\"_ _7\"></span>nsu<span class=\"_ _7\"></span>ran<span class=\"_ _7\"></span>ce ri<span class=\"_ _7\"></span>sk in th<span class=\"_ _7\"></span>e Gro<span class=\"_ _7\"></span>up<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x3e0 h44 y1f68 ff5f fs28 fc2 sc0 lse4 ws15d\">Pro<span class=\"_ _7\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y \u2013<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e1 h44 y1f68 ff5f fs28 fc2 sc0 lse4 ws15d\">Pro<span class=\"_ _7\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y \u2013<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d2 h44 y1f68 ff5f fs28 fc2 sc0 lsf3 ws1d9\">Casualty \u2013<span class=\"_ _304\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3b8 h44 y1f69 ff5f fs28 fc2 sc0 ls7c ws98\">Reinsurance<span class=\"_ _304\"> </span></td><td class=\"t m0 x3cc h44 y1f69 ff5f fs28 fc2 sc0 ls7c wsdf\">marine and<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e2 h44 y1f69 ff5f fs28 fc2 sc0 ls9f wsb8\">other<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e3 h44 y1f69 ff5f fs28 fc2 sc0 lsed ws17b\">professional<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e4 h44 y1f69 ff5f fs28 fc2 sc0 lsf3 ws1d9\">Casualty \u2013<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x3e5 h44 y1f6a ff5f fs28 fc2 sc0 ls9f wsb8\">inward<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x3b9 h44 y1f6a ff5f fs28 fc2 sc0 ls10a ws15e\">major assets<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e6 h44 y1f6a ff5f fs28 fc2 sc0 ls3 ws90\">assets<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e7 h44 y1f6a ff5f fs28 fc2 sc0 ls7c ws98\">indemnity<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e4 h44 y1f6a ff5f fs28 fc2 sc0 lsa0 ws1e0\">other<span class=\"_ _9\"></span> risks<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d3 h44 y1f6a ff5f fs28 fc2 sc0 ls10a ws15c\">Other* </td><td class=\"t m0 x1fc h44 y1f6a ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3d4 h44 y1f6b ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d5 h44 y1f6b ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d6 h44 y1f6b ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d7 h44 y1f6b ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h44 y1f6b ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h44 y1f6b ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y1f6b ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x3e8 y1e80 w150 h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">9<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x3e9 y1e80 w19a h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _c\"> </span>8<span class=\"_ _8\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ea y1e80 w19b h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">8<span class=\"_ _7\"></span>46.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x3eb y1e80 w19c h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ec y1e80 wb0 h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">78<span class=\"_ _7\"></span>0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ed y1e80 w19d h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">38<span class=\"_ _7\"></span>0.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ee y1e80 w13 h9f\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">4,<span class=\"_ _7\"></span>273.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 h5 ff5f fs2 fc2 sc0 lsc wsc gs9d7\">*In<span class=\"_ _7\"></span>clu<span class=\"_ _7\"></span>des a d<span class=\"_ _7\"></span>ive<span class=\"_ _7\"></span>rse m<span class=\"_ _7\"></span>ix of ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tai<span class=\"_ _7\"></span>n spe<span class=\"_ _7\"></span>cia<span class=\"_ _7\"></span>lt<span class=\"_ _7\"></span>y lin<span class=\"_ _7\"></span>es su<span class=\"_ _7\"></span>ch as k<span class=\"_ _7\"></span>id<span class=\"_ _7\"></span>nap a<span class=\"_ _7\"></span>nd ra<span class=\"_ _7\"></span>nso<span class=\"_ _7\"></span>m, terro<span class=\"_ _7\"></span>ris<span class=\"_ _7\"></span>m and ot<span class=\"_ _7\"></span>her r<span class=\"_ _7\"></span>isk<span class=\"_ _7\"></span>s whi<span class=\"_ _7\"></span>ch co<span class=\"_ _7\"></span>ntai<span class=\"_ _7\"></span>n a<span class=\"_ gs9d8\"> </span><span class=\"_ _a\"></span>m<span class=\"_ _7\"></span>ix of pr<span class=\"_ _7\"></span>ope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty a<span class=\"_ _7\"></span>nd ca<span class=\"_ _7\"></span>sua<span class=\"_ _7\"></span>lt<span class=\"_ _7\"></span>y expo<span class=\"_ _7\"></span>sure<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span></div>Reinsurance inw<span class=\"_ _9\"></span>ards<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce inwards a<span class=\"_ _7\"></span>ccepta<span class=\"_ _7\"></span>nce<span class=\"_ _7\"></span>s are prim<span class=\"_ _7\"></span>aril<span class=\"_ _7\"></span>y focused on<span class=\"_ _9\"></span> large commercial pr<span class=\"_ _9\"></span>oper<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>, homeo<span class=\"_ _9\"></span>wner and marine and short-<span class=\"_ _9\"></span>tail specialty exposur<span class=\"_ _9\"></span>es held by o<span class=\"_ _9\"></span>ther insurance<span class=\"_ _9\"></span> companies, pr<span class=\"_ _9\"></span>edominantly in North America and ot<span class=\"_ _9\"></span>her developed economies<span class=\"_ _9\"></span>. This business is charact<span class=\"_ _9\"></span>erised more<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>by large c<span class=\"_ _7\"></span>laims a<span class=\"_ _7\"></span>risi<span class=\"_ _7\"></span>ng from in<span class=\"_ _7\"></span>divid<span class=\"_ _7\"></span>ual events o<span class=\"_ _7\"></span>r catastrop<span class=\"_ _7\"></span>hes than the<span class=\"_ _9\"></span> high-frequency<span class=\"_ _a\"></span>, low<span class=\"_ _9\"></span>-sev<span class=\"_ _9\"></span>erit<span class=\"_ _7\"></span>y attritional losses<span class=\"_ _9\"></span> associat<span class=\"_ _9\"></span>ed with certain other business written b<span class=\"_ _9\"></span>y the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>. Multiple insur<span class=\"_ _9\"></span>ed losses can per<span class=\"_ _7\"></span>iodically arise out o<span class=\"_ _9\"></span>f a single<span class=\"_ _9\"></span> natural<span class=\"_ _9\"></span> or man-made occurr<span class=\"_ _9\"></span>ence. The main cir<span class=\"_ _9\"></span>cumstances<span class=\"ls8 ws4\"> </span>that res<span class=\"_ _7\"></span>ult in cl<span class=\"_ _7\"></span>aims aga<span class=\"_ _7\"></span>inst the re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce inward<span class=\"_ _7\"></span>s book a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> conv<span class=\"_ _9\"></span>entional catast<span class=\"_ _9\"></span>rophes, such<span class=\"_ _9\"></span> as ear<span class=\"_ _7\"></span>thquak<span class=\"_ _9\"></span>es or st<span class=\"_ _9\"></span>orms,<span class=\"_ _9\"></span> but a<span class=\"_ _7\"></span>lso incl<span class=\"_ _7\"></span>udes othe<span class=\"_ _7\"></span>r events inc<span class=\"_ _7\"></span>luding fi<span class=\"_ _7\"></span>res, explo<span class=\"_ _7\"></span>sions a<span class=\"_ _7\"></span>nd cyb<span class=\"_ _7\"></span>er events. Th<span class=\"_ _7\"></span>e occur<span class=\"_ _7\"></span>renc<span class=\"_ _7\"></span>e and impa<span class=\"_ _7\"></span>ct of these eve<span class=\"_ _7\"></span>nts are ver<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fi<span class=\"_ _7\"></span>cult to predi<span class=\"_ _7\"></span>ct over the sho<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t term, whic<span class=\"_ _7\"></span>h compl<span class=\"_ _7\"></span>icates attem<span class=\"_ _7\"></span>pts t<span class=\"_ _9\"></span>o antic<span class=\"_ _7\"></span>ipate claim<span class=\"_ _7\"></span>s frequ<span class=\"_ _7\"></span>enci<span class=\"_ _7\"></span>es on a<span class=\"_ _7\"></span>n annua<span class=\"_ _7\"></span>l basi<span class=\"_ _7\"></span>s. In those yea<span class=\"_ _7\"></span>rs whe<span class=\"_ _7\"></span>re there is a l<span class=\"_ _7\"></span>ow incide<span class=\"_ _7\"></span>nce of severe catastr<span class=\"_ _9\"></span>ophes, claims fr<span class=\"_ _9\"></span>equencies on the reinsur<span class=\"_ _9\"></span>ance inwar<span class=\"_ _9\"></span>ds boo<span class=\"_ _7\"></span>k can be re<span class=\"_ _7\"></span>lativel<span class=\"_ _7\"></span>y low<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A significant pr<span class=\"_ _9\"></span>opor<span class=\"_ _7\"></span>tion<span class=\"_ _9\"></span> of the<span class=\"_ _9\"></span> reinsurance in<span class=\"_ _9\"></span>wards business<span class=\"_ _9\"></span> provid<span class=\"_ _7\"></span>es cover on a<span class=\"_ _7\"></span>n excess of los<span class=\"_ _7\"></span>s basis fo<span class=\"_ _7\"></span>r indiv<span class=\"_ _7\"></span>idua<span class=\"_ _7\"></span>l events. The G<span class=\"_ _7\"></span>roup agre<span class=\"_ _7\"></span>es to reimb<span class=\"_ _7\"></span>urse the c<span class=\"_ _7\"></span>eda<span class=\"_ _7\"></span>nt once the<span class=\"_ _7\"></span>ir los<span class=\"_ _7\"></span>ses exceed a m<span class=\"_ _7\"></span>inimum l<span class=\"_ _7\"></span>evel. Conse<span class=\"_ _7\"></span>quentl<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, the f<span class=\"_ _7\"></span>reque<span class=\"_ _7\"></span>ncy an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> sever<span class=\"_ _7\"></span>ity of re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce inwards c<span class=\"_ _7\"></span>laims a<span class=\"_ _7\"></span>re related not on<span class=\"_ _7\"></span>ly to<span class=\"_ _9\"></span> the num<span class=\"_ _7\"></span>ber of sig<span class=\"_ _7\"></span>nific<span class=\"_ _7\"></span>ant insu<span class=\"_ _7\"></span>red events that oc<span class=\"_ _7\"></span>cur<span class=\"_ _a\"></span>, b<span class=\"_ _7\"></span>ut also to their individual<span class=\"_ _9\"></span> magnitude.<span class=\"_ _9\"></span> If numerous ca<span class=\"_ _9\"></span>tastrophes occurred<span class=\"_ _9\"></span> in any on<span class=\"_ _7\"></span>e year<span class=\"_ _a\"></span>, b<span class=\"_ _7\"></span>ut the ce<span class=\"_ _7\"></span>dant\u2019<span class=\"_ _9\"></span>s ind<span class=\"_ _7\"></span>ividu<span class=\"_ _7\"></span>al los<span class=\"_ _7\"></span>s on eac<span class=\"_ _7\"></span>h was bel<span class=\"_ _7\"></span>ow the minim<span class=\"_ _7\"></span>um stated, then the G<span class=\"_ _7\"></span>roup woul<span class=\"_ _7\"></span>d have no liability under such cont<span class=\"_ _9\"></span>racts.<span class=\"_ _9\"></span> Ma<span class=\"_ _7\"></span>ximum gross<span class=\"_ _9\"></span> line sizes and<span class=\"_ _9\"></span> aggre<span class=\"_ _7\"></span>gate exposu<span class=\"_ _7\"></span>res are set for e<span class=\"_ _7\"></span>ach t<span class=\"_ _7\"></span>ype of pro<span class=\"_ _7\"></span>gramm<span class=\"_ _7\"></span>e.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup wr<span class=\"_ _7\"></span>ites rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce risks fo<span class=\"_ _7\"></span>r per<span class=\"_ _7\"></span>iods of mai<span class=\"_ _7\"></span>nly on<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> year s<span class=\"_ _7\"></span>o that contrac<span class=\"_ _7\"></span>ts can be a<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>ssed for p<span class=\"_ _7\"></span>rici<span class=\"_ _7\"></span>ng and ter<span class=\"_ _7\"></span>ms and ad<span class=\"_ _7\"></span>justed to reflect a<span class=\"_ _7\"></span>ny chan<span class=\"_ _7\"></span>ges in m<span class=\"_ _7\"></span>arket con<span class=\"_ _7\"></span>ditions a<span class=\"_ _7\"></span>nd the evolv<span class=\"_ _7\"></span>ing imp<span class=\"_ _7\"></span>act of climate ch<span class=\"_ _7\"></span>ange.<span class=\"_ _304\"> </span>Prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty ri<span class=\"_ _7\"></span>sks \u2013 mari<span class=\"_ _7\"></span>ne and ma<span class=\"_ _7\"></span>jor assets<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup dire<span class=\"_ _7\"></span>ctly un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>ites a dive<span class=\"_ _7\"></span>rse ran<span class=\"_ _7\"></span>ge of prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty ris<span class=\"_ _7\"></span>ks. The ri<span class=\"_ _7\"></span>sk profile of the pro<span class=\"_ _7\"></span>per<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y covered u<span class=\"_ _7\"></span>nder m<span class=\"_ _7\"></span>arin<span class=\"_ _7\"></span>e and majo<span class=\"_ _7\"></span>r asset p<span class=\"_ _7\"></span>olici<span class=\"_ _7\"></span>es is di<span class=\"_ _7\"></span>ffe<span class=\"_ _7\"></span>rent to that ty<span class=\"_ _7\"></span>pic<span class=\"_ _7\"></span>ally co<span class=\"_ _7\"></span>ntaine<span class=\"_ _7\"></span>d in the other c<span class=\"_ _7\"></span>lass<span class=\"_ _7\"></span>es of prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty (suc<span class=\"_ _7\"></span>h as pri<span class=\"_ _7\"></span>vat<span class=\"_ _9\"></span>e hou<span class=\"_ _7\"></span>seho<span class=\"_ _7\"></span>lds and contents in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce) covered by the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>ypical proper<span class=\"_ _7\"></span>ty cov<span class=\"_ _9\"></span>ered by<span class=\"_ _9\"></span> marine and ot<span class=\"_ _9\"></span>her major propert<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span> contra<span class=\"_ _7\"></span>cts inclu<span class=\"_ _7\"></span>des fi<span class=\"_ _7\"></span>x<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>d and movea<span class=\"_ _7\"></span>ble ass<span class=\"_ _7\"></span>ets such a<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> ship<span class=\"_ _7\"></span>s and other ve<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>ls, cargo in tr<span class=\"_ _7\"></span>ansit, en<span class=\"_ _7\"></span>ergy pl<span class=\"_ _7\"></span>atfor<span class=\"_ _7\"></span>ms and in<span class=\"_ _7\"></span>stall<span class=\"_ _7\"></span>ations, pipe<span class=\"_ _7\"></span>line<span class=\"_ _7\"></span>s, other subs<span class=\"_ _7\"></span>ea ass<span class=\"_ _7\"></span>ets, satellites, commercial buildings<span class=\"_ _9\"></span> and industrial plan<span class=\"_ _9\"></span>t and machiner<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. The<span class=\"_ _7\"></span>se as<span class=\"_ _7\"></span>sets are t<span class=\"_ _7\"></span>ypic<span class=\"_ _7\"></span>ally ex<span class=\"_ _7\"></span>posed to a ble<span class=\"_ _7\"></span>nd of catas<span class=\"_ _7\"></span>trophic and othe<span class=\"_ _7\"></span>r large l<span class=\"_ _7\"></span>oss events a<span class=\"_ _7\"></span>nd attr<span class=\"_ _7\"></span>itiona<span class=\"_ _7\"></span>l claim<span class=\"_ _7\"></span>s aris<span class=\"_ _7\"></span>ing from conventi<span class=\"_ _7\"></span>onal ha<span class=\"_ _7\"></span>z<span class=\"_ _7\"></span>ards suc<span class=\"_ _7\"></span>h as coll<span class=\"_ _7\"></span>ision, flo<span class=\"_ _7\"></span>oding, fire an<span class=\"_ _7\"></span>d thef<span class=\"_ _7\"></span>t.<span class=\"_ _9\"></span> Clim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e ch<span class=\"_ _7\"></span>ange m<span class=\"_ _7\"></span>ay give rise to more f<span class=\"_ _7\"></span>reque<span class=\"_ _7\"></span>nt and seve<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> extre<span class=\"_ _7\"></span>me weathe<span class=\"_ _7\"></span>r events (for examp<span class=\"_ _7\"></span>le, windstor<span class=\"_ _7\"></span>ms and ri<span class=\"_ _7\"></span>ver flood<span class=\"_ _7\"></span>ing) and it m<span class=\"_ _7\"></span>ay be expec<span class=\"_ _7\"></span>ted that their f<span class=\"_ _7\"></span>reque<span class=\"_ _7\"></span>ncy wil<span class=\"_ _7\"></span>l increase o<span class=\"_ _9\"></span>ver t<span class=\"_ _9\"></span>ime.<span class=\"_ _304\"> </span>For t<span class=\"_ _9\"></span>his reason<span class=\"_ _9\"></span>, the Group<span class=\"_ _9\"></span> accepts major<span class=\"_ _9\"></span> proper<span class=\"_ _7\"></span>ty insurance<span class=\"_ _9\"></span> ris<span class=\"_ _7\"></span>ks for per<span class=\"_ _7\"></span>iods of ma<span class=\"_ _7\"></span>inly on<span class=\"_ _7\"></span>e year so that e<span class=\"_ _7\"></span>ach co<span class=\"_ _7\"></span>ntract ca<span class=\"_ _7\"></span>n be rep<span class=\"_ _7\"></span>rice<span class=\"_ _7\"></span>d on renewa<span class=\"_ _7\"></span>l t<span class=\"_ _9\"></span>o refle<span class=\"_ _7\"></span>ct the co<span class=\"_ _7\"></span>ntinual<span class=\"_ _7\"></span>ly evolvi<span class=\"_ _7\"></span>ng ris<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span> profile<span class=\"_ _9\"></span>. The most significant risks<span class=\"_ _9\"></span> covered f<span class=\"_ _9\"></span>or periods ex<span class=\"_ _9\"></span>ceeding one ye<span class=\"_ _7\"></span>ar are ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain sp<span class=\"_ _7\"></span>ecia<span class=\"_ _7\"></span>list lin<span class=\"_ _7\"></span>es suc<span class=\"_ _7\"></span>h as mar<span class=\"_ _7\"></span>ine an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> offshore construction project<span class=\"_ _9\"></span>s which can typ<span class=\"_ _7\"></span>ically ha<span class=\"_ _9\"></span>ve building<span class=\"_ _9\"></span> and a<span class=\"_ _7\"></span>ssem<span class=\"_ _7\"></span>bling p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>ds of bet<span class=\"_ _7\"></span>ween thre<span class=\"_ _7\"></span>e and four ye<span class=\"_ _7\"></span>ars. These form a small<span class=\"_ _9\"></span> proportion of t<span class=\"_ _9\"></span>he Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s overall<span class=\"_ _9\"></span> por<span class=\"_ _7\"></span>tfolio<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Marine and major pr<span class=\"_ _9\"></span>oper<span class=\"_ _7\"></span>ty contracts<span class=\"_ _9\"></span> are normally underwrit<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>en by referen<span class=\"_ _7\"></span>ce to the comme<span class=\"_ _7\"></span>rcial re<span class=\"_ _7\"></span>plac<span class=\"_ _7\"></span>ement va<span class=\"_ _7\"></span>lue of the prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty c<span class=\"_ _7\"></span>overed. The c<span class=\"_ _7\"></span>ost of repai<span class=\"_ _7\"></span>ring or re<span class=\"_ _7\"></span>build<span class=\"_ _7\"></span>ing as<span class=\"_ _7\"></span>sets, of<span class=\"_ _9\"></span> repl<span class=\"_ _7\"></span>acem<span class=\"_ _7\"></span>ent or ind<span class=\"_ _7\"></span>emni<span class=\"_ _7\"></span>ty for c<span class=\"_ _7\"></span>ontents and tim<span class=\"_ _7\"></span>e taken to resta<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span> or resume opera<span class=\"_ _9\"></span>tions t<span class=\"_ _9\"></span>o original le<span class=\"_ _9\"></span>vels for<span class=\"_ _9\"></span> business int<span class=\"_ _9\"></span>erruption los<span class=\"_ _7\"></span>ses are th<span class=\"_ _7\"></span>e ke<span class=\"_ _9\"></span>y fac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>s that influe<span class=\"_ _7\"></span>nce the l<span class=\"_ _7\"></span>evel of claim<span class=\"_ _7\"></span>s under these policies<span class=\"_ _9\"></span>. The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s exposure<span class=\"_ _9\"></span> to commodity<span class=\"_ _9\"></span> pri<span class=\"_ _7\"></span>ce ris<span class=\"_ _7\"></span>k in relatio<span class=\"_ _7\"></span>n t<span class=\"_ _9\"></span>o the<span class=\"_ _7\"></span>se ty<span class=\"_ _7\"></span>pes of in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contrac<span class=\"_ _7\"></span>ts is very limited<span class=\"_ _9\"></span>, given t<span class=\"_ _9\"></span>he control<span class=\"_ _9\"></span>led extent o<span class=\"_ _9\"></span>f business int<span class=\"_ _9\"></span>erruption<span class=\"_ _9\"></span> cover of<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>d in the are<span class=\"_ _7\"></span>as prone to los<span class=\"_ _7\"></span>ses of as<span class=\"_ _7\"></span>set produ<span class=\"_ _7\"></span>ction.<span class=\"_ _304\"> </span>Othe<span class=\"_ _7\"></span>r prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty r<span class=\"_ _7\"></span>isks<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup provi<span class=\"_ _7\"></span>des ho<span class=\"_ _7\"></span>me and c<span class=\"_ _7\"></span>ontents insur<span class=\"_ _7\"></span>ance, togethe<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span> with c<span class=\"_ _7\"></span>over for ar<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>work, antiq<span class=\"_ _7\"></span>ues, cla<span class=\"_ _7\"></span>ssic c<span class=\"_ _7\"></span>ars, jewe<span class=\"_ _7\"></span>ller<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>, coll<span class=\"_ _7\"></span>ecta<span class=\"_ _7\"></span>bles a<span class=\"_ _7\"></span>nd other a<span class=\"_ _7\"></span>ssets. Th<span class=\"_ _7\"></span>e Group al<span class=\"_ _7\"></span>so exten<span class=\"_ _7\"></span>ds cover to reimbur<span class=\"_ _7\"></span>se ce<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>ain pol<span class=\"_ _7\"></span>icyho<span class=\"_ _7\"></span>lder<span class=\"_ _7\"></span>s when n<span class=\"_ _7\"></span>ame<span class=\"_ _7\"></span>d insure<span class=\"_ _7\"></span>ds or insu<span class=\"_ _7\"></span>red ass<span class=\"_ _7\"></span>ets are seize<span class=\"_ _7\"></span>d for kid<span class=\"_ _7\"></span>nap and a r<span class=\"_ _7\"></span>ansom d<span class=\"_ _7\"></span>ema<span class=\"_ _7\"></span>nd is subs<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>ntly met. Events whi<span class=\"_ _7\"></span>ch can g<span class=\"_ _7\"></span>ene<span class=\"_ _7\"></span>rate claims o<span class=\"_ _7\"></span>n these contra<span class=\"_ _7\"></span>cts inclu<span class=\"_ _7\"></span>de burgl<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>, kidna<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>, seizu<span class=\"_ _7\"></span>re of assets, acts of vanda<span class=\"_ _7\"></span>lism, fire<span class=\"_ _7\"></span>s, floodin<span class=\"_ _7\"></span>g and storm da<span class=\"_ _7\"></span>mage. Los<span class=\"_ _7\"></span>ses on mo<span class=\"_ _7\"></span>st cla<span class=\"_ _7\"></span>sses c<span class=\"_ _7\"></span>an be pre<span class=\"_ _7\"></span>dicted w<span class=\"_ _7\"></span>ith a greater de<span class=\"_ _7\"></span>gree of ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>taint<span class=\"_ _7\"></span>y as there i<span class=\"_ _7\"></span>s a rich hi<span class=\"_ _7\"></span>story of ac<span class=\"_ _7\"></span>tual lo<span class=\"_ _7\"></span>ss expe<span class=\"_ _7\"></span>rien<span class=\"_ _7\"></span>ce data a<span class=\"_ _7\"></span>nd the loc<span class=\"_ _7\"></span>ations of the as<span class=\"_ _7\"></span>sets covered, a<span class=\"_ _7\"></span>nd the indi<span class=\"_ _7\"></span>vidu<span class=\"_ _7\"></span>al levels of sec<span class=\"_ _7\"></span>urit<span class=\"_ _7\"></span>y taken by own<span class=\"_ _7\"></span>ers, are re<span class=\"_ _7\"></span>latively s<span class=\"_ _7\"></span>tatic from o<span class=\"_ _7\"></span>ne year <span class=\"ls8 ws4\"> </span>to the next.<span class=\"_ _304\"> </span>The l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s asso<span class=\"_ _7\"></span>ciated wi<span class=\"_ _7\"></span>th these co<span class=\"_ _7\"></span>ntracts tend to be of a high<span class=\"_ _7\"></span>er fre<span class=\"_ _7\"></span>quen<span class=\"_ _7\"></span>cy and lower s<span class=\"_ _7\"></span>everit<span class=\"_ _7\"></span>y than th<span class=\"_ _7\"></span>e mari<span class=\"_ _7\"></span>ne and othe<span class=\"_ _7\"></span>r majo<span class=\"_ _7\"></span>r prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty as<span class=\"_ _7\"></span>sets covered a<span class=\"_ _7\"></span>bove. The Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s home a<span class=\"_ _7\"></span>nd contents in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts are expo<span class=\"_ _7\"></span>sed to weather a<span class=\"_ _7\"></span>nd clim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>-related ri<span class=\"_ _7\"></span>sks such a<span class=\"_ _7\"></span>s floods a<span class=\"_ _7\"></span>nd win<span class=\"_ _7\"></span>dstorms an<span class=\"_ _7\"></span>d their cons<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>nce<span class=\"_ _7\"></span>s. As outlin<span class=\"_ _7\"></span>ed ea<span class=\"_ _7\"></span>rlie<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>, the fre<span class=\"_ _7\"></span>quen<span class=\"_ _7\"></span>cy and seve<span class=\"_ _7\"></span>rit<span class=\"_ _7\"></span>y of these l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s do not le<span class=\"_ _7\"></span>nd thems<span class=\"_ _7\"></span>elves to accu<span class=\"_ _7\"></span>rate predic<span class=\"_ _7\"></span>tion over the sh<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>t term. Contrac<span class=\"_ _7\"></span>t per<span class=\"_ _7\"></span>iods are th<span class=\"_ _7\"></span>erefore not <span class=\"ls8 ws4\"> </span>nor<span class=\"_ _7\"></span>mally m<span class=\"_ _7\"></span>ore than o<span class=\"_ _7\"></span>ne year at a tim<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o en<span class=\"_ _7\"></span>able r<span class=\"_ _7\"></span>isks to <span class=\"ls8 ws4\"> </span>be regularly repriced.<span class=\"_ _304\"> </span>Contract<span class=\"_ _9\"></span>s are underwrit<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>en by r<span class=\"_ _9\"></span>eference t<span class=\"_ _9\"></span>o the<span class=\"_ _9\"></span> commercial repl<span class=\"_ _7\"></span>acem<span class=\"_ _7\"></span>ent valu<span class=\"_ _7\"></span>e of the proper<span class=\"_ _7\"></span>ti<span class=\"_ _7\"></span>es and c<span class=\"_ _7\"></span>ontents insu<span class=\"_ _7\"></span>red.<span class=\"_ _9\"></span> Cla<span class=\"_ _7\"></span>ims payme<span class=\"_ _7\"></span>nt limits a<span class=\"_ _7\"></span>re always inc<span class=\"_ _7\"></span>luded to ca<span class=\"_ _7\"></span>p the amou<span class=\"_ _7\"></span>nt payable o<span class=\"_ _7\"></span>n occu<span class=\"_ _7\"></span>rrenc<span class=\"_ _7\"></span>e of the insure<span class=\"_ _7\"></span>d event.<span class=\"_ _304\"> </span>Casua<span class=\"_ _7\"></span>lty i<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce ris<span class=\"_ _7\"></span>ks<span class=\"_ _304\"> </span>The c<span class=\"_ _7\"></span>asua<span class=\"_ _7\"></span>lt<span class=\"_ _7\"></span>y unde<span class=\"_ _7\"></span>rw<span class=\"_ _7\"></span>ritin<span class=\"_ _7\"></span>g strategy at<span class=\"_ _7\"></span>tempts t<span class=\"_ _9\"></span>o e<span class=\"_ _7\"></span>nsure that the und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>itten r<span class=\"_ _7\"></span>isks are we<span class=\"_ _7\"></span>ll diver<span class=\"_ _7\"></span>sifie<span class=\"_ _7\"></span>d in terms of t<span class=\"_ _7\"></span>ype a<span class=\"_ _7\"></span>nd amo<span class=\"_ _7\"></span>unt of potential ha<span class=\"_ _7\"></span>za<span class=\"_ _7\"></span>rd, industr<span class=\"_ _7\"></span>y an<span class=\"_ _7\"></span>d geo<span class=\"_ _7\"></span>graphy<span class=\"_ _9\"></span>. However<span class=\"_ _a\"></span>, the Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s exposure i<span class=\"_ _9\"></span>s more focused t<span class=\"_ _9\"></span>ow<span class=\"_ _9\"></span>ards pro<span class=\"_ _9\"></span>fessional,<span class=\"_ _9\"></span> general, t<span class=\"_ _9\"></span>echnological and marine liability risks<span class=\"_ _9\"></span> rather t<span class=\"_ _9\"></span>han huma<span class=\"_ _7\"></span>n bodil<span class=\"_ _7\"></span>y injur<span class=\"_ _7\"></span>y r<span class=\"_ _7\"></span>isks, whi<span class=\"_ _7\"></span>ch are on<span class=\"_ _7\"></span>ly acce<span class=\"_ _7\"></span>pted unde<span class=\"_ _7\"></span>r limited circu<span class=\"_ _7\"></span>mstanc<span class=\"_ _7\"></span>es. Cla<span class=\"_ _7\"></span>ims t<span class=\"_ _7\"></span>ypic<span class=\"_ _7\"></span>ally a<span class=\"_ _7\"></span>rise f<span class=\"_ _7\"></span>rom incid<span class=\"_ _7\"></span>ents suc<span class=\"_ _7\"></span>h as er<span class=\"_ _7\"></span>rors and o<span class=\"_ _7\"></span>miss<span class=\"_ _7\"></span>ions at<span class=\"_ _7\"></span>tributed to the ins<span class=\"_ _7\"></span>ured, profes<span class=\"_ _7\"></span>siona<span class=\"_ _7\"></span>l neg<span class=\"_ _7\"></span>lige<span class=\"_ _7\"></span>nce and s<span class=\"_ _7\"></span>pec<span class=\"_ _7\"></span>ific los<span class=\"_ _7\"></span>ses su<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>fered as a re<span class=\"_ _7\"></span>sult of el<span class=\"_ _7\"></span>ectron<span class=\"_ _7\"></span>ic or t<span class=\"_ _9\"></span>echnological failure o<span class=\"_ _9\"></span>f software product<span class=\"_ _9\"></span>s and websit<span class=\"_ _9\"></span>es.<span class=\"_ _304\"> </span>The p<span class=\"_ _7\"></span>rovisio<span class=\"_ _7\"></span>n of insura<span class=\"_ _7\"></span>nce to cover alle<span class=\"_ _7\"></span>gation<span class=\"_ _7\"></span>s made aga<span class=\"_ _7\"></span>inst individuals act<span class=\"_ _9\"></span>ing in the<span class=\"_ _9\"></span> course of fiduciary or managerial responsibilit<span class=\"_ _9\"></span>ies, including d<span class=\"_ _9\"></span>irectors<span class=\"_ _9\"></span> and officer<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>\u2019 insurance<span class=\"_ _9\"></span>, is<span class=\"_ _9\"></span> one exa<span class=\"_ _7\"></span>mple of a ca<span class=\"_ _7\"></span>sual<span class=\"_ _7\"></span>ty ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e risk.<span class=\"_ _304\"> </span>The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s casualt<span class=\"_ _7\"></span>y ins<span class=\"_ _9\"></span>urance contract<span class=\"_ _9\"></span>s mainly experience<span class=\"_ _9\"></span> low-severi<span class=\"_ _7\"></span>ty at<span class=\"_ _7\"></span>tritio<span class=\"_ _7\"></span>nal los<span class=\"_ _7\"></span>ses. By n<span class=\"_ _7\"></span>ature, some ca<span class=\"_ _7\"></span>sualt<span class=\"_ _7\"></span>y los<span class=\"_ _7\"></span>ses<div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa55\">may take lon<span class=\"_ _7\"></span>ger to set<span class=\"_ _7\"></span>tle than othe<span class=\"_ _7\"></span>r categor<span class=\"_ _7\"></span>ies of bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsa56\">In addition<span class=\"_ _9\"></span>, there<span class=\"_ _9\"></span> is increased pot<span class=\"_ _9\"></span>ential f<span class=\"_ _9\"></span>or accumulation<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa57\">in casualty risk due t<span class=\"_ _9\"></span>o the<span class=\"_ _9\"></span> growing comple<span class=\"_ _9\"></span>xity of business,<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa58\">technological a<span class=\"_ _9\"></span>dvances, and gr<span class=\"_ _9\"></span>eater in<span class=\"_ _9\"></span>terconnectivity and<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa59\">interde<span class=\"_ _7\"></span>pend<span class=\"_ _7\"></span>ency ac<span class=\"_ _7\"></span>ross the wor<span class=\"_ _7\"></span>ld due to globa<span class=\"_ _7\"></span>lisatio<span class=\"_ _7\"></span>n.<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa5a\">The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s pr<span class=\"_ _7\"></span>icin<span class=\"_ _7\"></span>g strategy for ca<span class=\"_ _7\"></span>sual<span class=\"_ _7\"></span>ty in<span class=\"_ _7\"></span>suranc<span class=\"_ _7\"></span>e <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa5b\">policies is typically based on his<span class=\"_ _9\"></span>torical claim<span class=\"_ _9\"></span> frequencies <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa5c\">and aver<span class=\"_ _7\"></span>age cla<span class=\"_ _7\"></span>im severi<span class=\"_ _7\"></span>ties, adju<span class=\"_ _7\"></span>sted for inflatio<span class=\"_ _7\"></span>n and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa5d\">extr<span class=\"_ _7\"></span>apolated fo<span class=\"_ _7\"></span>rwa<span class=\"_ _7\"></span>rds to incor<span class=\"_ _7\"></span>porate projec<span class=\"_ _7\"></span>ted chan<span class=\"_ _7\"></span>ges in </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa5e\">cla<span class=\"_ _7\"></span>ims pat<span class=\"_ _7\"></span>terns. In deter<span class=\"_ _7\"></span>minin<span class=\"_ _7\"></span>g the pric<span class=\"_ _7\"></span>e of each po<span class=\"_ _7\"></span>licy<span class=\"_ _9\"></span>, an </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsa5f\">allowance i<span class=\"_ _9\"></span>s also made for<span class=\"_ _9\"></span> acquisition and administ<span class=\"_ _9\"></span>ration<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa60\">expe<span class=\"_ _7\"></span>nses, rei<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce cos<span class=\"_ _7\"></span>ts, investment retu<span class=\"_ _7\"></span>rns and th<span class=\"_ _7\"></span>e </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa61\">Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s cost of cap<span class=\"_ _7\"></span>ital.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa62\">The m<span class=\"_ _7\"></span>arket for cy<span class=\"_ _7\"></span>ber ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e is still a re<span class=\"_ _7\"></span>latively i<span class=\"_ _7\"></span>mmature on<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa63\">com<span class=\"_ _7\"></span>plicated by the fa<span class=\"_ _7\"></span>st<span class=\"_ _9\"></span>-movin<span class=\"_ _7\"></span>g nature of the thre<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>, as th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa64\">world becomes ev<span class=\"_ _9\"></span>en more connect<span class=\"_ _9\"></span>ed. The risk<span class=\"_ _9\"></span>s associat<span class=\"_ _9\"></span>ed </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa65\">with cy<span class=\"_ _7\"></span>ber in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce are mul<span class=\"_ _7\"></span>tiply<span class=\"_ _7\"></span>ing in both di<span class=\"_ _7\"></span>versit<span class=\"_ _7\"></span>y an<span class=\"_ _7\"></span>d scal<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa66\">with a<span class=\"_ _7\"></span>ssoci<span class=\"_ _7\"></span>ated finan<span class=\"_ _7\"></span>cial an<span class=\"_ _7\"></span>d reput<span class=\"_ _7\"></span>ational c<span class=\"_ _7\"></span>onseq<span class=\"_ _7\"></span>uenc<span class=\"_ _7\"></span>es of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa67\">fail<span class=\"_ _7\"></span>ing to prepare for th<span class=\"_ _7\"></span>em. The G<span class=\"_ _7\"></span>roup has fo<span class=\"_ _7\"></span>cuse<span class=\"_ _7\"></span>d its cybe<span class=\"_ _7\"></span>r </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsa68\">exper<span class=\"_ _7\"></span>tise<span class=\"_ _9\"></span> on prev<span class=\"_ _9\"></span>ention, i<span class=\"_ _9\"></span>n addition t<span class=\"_ _9\"></span>o the mor<span class=\"_ _9\"></span>e tradit<span class=\"_ _9\"></span>ional </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsa69\">recov<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>y product<span class=\"_ _9\"></span>. Cybe<span class=\"_ _7\"></span>r pr<span class=\"_ _9\"></span>oducts are sold<span class=\"_ _9\"></span> through our<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa6a\">busi<span class=\"_ _7\"></span>nes<span class=\"_ _7\"></span>ses in the U<span class=\"_ _7\"></span>K, USA an<span class=\"_ _7\"></span>d Europe, and the pro<span class=\"_ _7\"></span>duct is <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa6b\">sold b<span class=\"_ _7\"></span>oth direct to con<span class=\"_ _7\"></span>sumer<span class=\"_ _7\"></span>s and thro<span class=\"_ _7\"></span>ugh a more trad<span class=\"_ _7\"></span>itiona<span class=\"_ _7\"></span>l </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa6c\">brok<span class=\"_ _9\"></span>er channel.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls39 ws43 gsa6d\">ii) Reser<span class=\"_ _7\"></span>ving risk<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa6e\">The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s pro<span class=\"_ _7\"></span>cedu<span class=\"_ _7\"></span>res for es<span class=\"_ _7\"></span>timating the o<span class=\"_ _7\"></span>utstand<span class=\"_ _7\"></span>ing <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa6f\">costs of set<span class=\"_ _7\"></span>tling i<span class=\"_ _7\"></span>nsured l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s at the bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet date, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa70\">incl<span class=\"_ _7\"></span>uding li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ty of inc<span class=\"_ _7\"></span>urred c<span class=\"_ _7\"></span>laim<span class=\"_ _7\"></span>s, are detail<span class=\"_ _7\"></span>ed in note 20.<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa71\">The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s provision<span class=\"_ _9\"></span> estimat<span class=\"_ _9\"></span>es are subject t<span class=\"_ _9\"></span>o rigor<span class=\"_ _9\"></span>ous <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa72\">review by se<span class=\"_ _7\"></span>nior ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>ment f<span class=\"_ _7\"></span>rom all are<span class=\"_ _7\"></span>as of the bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa73\">The m<span class=\"_ _7\"></span>anag<span class=\"_ _7\"></span>ed Syn<span class=\"_ _7\"></span>dicates a<span class=\"_ _7\"></span>nd US bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s rece<span class=\"_ _7\"></span>ive a review <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa74\">of their e<span class=\"_ _7\"></span>stimates f<span class=\"_ _7\"></span>rom inde<span class=\"_ _7\"></span>pend<span class=\"_ _7\"></span>ent actua<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>s. The fin<span class=\"_ _7\"></span>al </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa75\">provis<span class=\"_ _7\"></span>ion is ap<span class=\"_ _7\"></span>proved by the relevant b<span class=\"_ _7\"></span>oards on th<span class=\"_ _7\"></span>e </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa76\">recommendation<span class=\"_ _9\"></span> of dedicat<span class=\"_ _9\"></span>ed reser<span class=\"_ _7\"></span>ving committ<span class=\"_ _9\"></span>ees. Similar<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa77\">to the unde<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>writin<span class=\"_ _7\"></span>g risk d<span class=\"_ _7\"></span>etaile<span class=\"_ _7\"></span>d above, the Group\u2019<span class=\"_ _a\"></span>s re<span class=\"_ _7\"></span>ser<span class=\"_ _7\"></span>ve </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa78\">risks are<span class=\"_ _9\"></span> well diversified<span class=\"_ _9\"></span>. Short-<span class=\"_ _9\"></span>tailed claims ar<span class=\"_ _9\"></span>e normally </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa79\">notifie<span class=\"_ _7\"></span>d and set<span class=\"_ _7\"></span>tled w<span class=\"_ _7\"></span>ithin 1<span class=\"_ _9\"></span>2 t<span class=\"_ _9\"></span>o 2<span class=\"_ _9\"></span>4 months of the i<span class=\"_ _7\"></span>nsured <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa7a\">event oc<span class=\"_ _7\"></span>curr<span class=\"_ _7\"></span>ing. Thos<span class=\"_ _7\"></span>e claim<span class=\"_ _7\"></span>s taki<span class=\"_ _7\"></span>ng the lon<span class=\"_ _7\"></span>gest tim<span class=\"_ _7\"></span>e to<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa7b\">develo<span class=\"_ _7\"></span>p and set<span class=\"_ _7\"></span>tle t<span class=\"_ _7\"></span>ypic<span class=\"_ _7\"></span>ally re<span class=\"_ _7\"></span>late t<span class=\"_ _9\"></span>o ca<span class=\"_ _7\"></span>sual<span class=\"_ _7\"></span>ty ri<span class=\"_ _7\"></span>sks, whe<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa7c\">legal complexities occasionally<span class=\"_ _9\"></span> develop regar<span class=\"_ _9\"></span>ding the<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa7d\">insured<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s alleged omissions<span class=\"_ _9\"></span> or negligence. The lengt<span class=\"_ _9\"></span>h of<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa7e\">time req<span class=\"_ _7\"></span>uired to obtai<span class=\"_ _7\"></span>n definiti<span class=\"_ _7\"></span>ve lega<span class=\"_ _7\"></span>l judgm<span class=\"_ _7\"></span>ents and m<span class=\"_ _7\"></span>ake<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa7f\">eventua<span class=\"_ _7\"></span>l settl<span class=\"_ _7\"></span>ements ex<span class=\"_ _7\"></span>poses th<span class=\"_ _7\"></span>e Group to a de<span class=\"_ _7\"></span>gree of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa80\">rese<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ving r<span class=\"_ _7\"></span>isk in a<span class=\"_ _7\"></span>n inflationa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y enviro<span class=\"_ _7\"></span>nment.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa81\">The fi<span class=\"_ _7\"></span>nal qu<span class=\"_ _7\"></span>antum for c<span class=\"_ _7\"></span>asual<span class=\"_ _7\"></span>ty cl<span class=\"_ _7\"></span>aims may n<span class=\"_ _7\"></span>ot be esta<span class=\"_ _7\"></span>blishe<span class=\"_ _7\"></span>d </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa82\">for ma<span class=\"_ _7\"></span>ny years af<span class=\"_ _7\"></span>ter the even<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>. A sig<span class=\"_ _7\"></span>nific<span class=\"_ _7\"></span>ant propo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tion of the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa83\">cas<span class=\"_ _7\"></span>ualt<span class=\"_ _7\"></span>y insu<span class=\"_ _7\"></span>rance a<span class=\"_ _7\"></span>mounts re<span class=\"_ _7\"></span>ser<span class=\"_ _7\"></span>ved o<span class=\"_ _7\"></span>n the bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa84\">may not be exp<span class=\"_ _7\"></span>ected to set<span class=\"_ _7\"></span>tle within 24 months of the bala<span class=\"_ _7\"></span>nce </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa85\">she<span class=\"_ _7\"></span>et date. Conseq<span class=\"_ _7\"></span>uentl<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, our a<span class=\"_ _7\"></span>pproac<span class=\"_ _7\"></span>h is not to recogn<span class=\"_ _7\"></span>ise </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa86\">favourab<span class=\"_ _7\"></span>le expe<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>nce in the e<span class=\"_ _7\"></span>arl<span class=\"_ _7\"></span>y years of deve<span class=\"_ _7\"></span>lopme<span class=\"_ _7\"></span>nt in <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa87\">the res<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vin<span class=\"_ _7\"></span>g proce<span class=\"_ _7\"></span>ss whe<span class=\"_ _7\"></span>n set<span class=\"_ _7\"></span>ting the boo<span class=\"_ _7\"></span>ked rese<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ve<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa88\">Cer<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ain mar<span class=\"_ _7\"></span>ine an<span class=\"_ _7\"></span>d prope<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>y ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts, such as </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa89\">those re<span class=\"_ _7\"></span>lating to subse<span class=\"_ _7\"></span>a and othe<span class=\"_ _7\"></span>r ene<span class=\"_ _7\"></span>rgy ass<span class=\"_ _7\"></span>ets and the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa8a\">related bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss interr<span class=\"_ _7\"></span>uption r<span class=\"_ _7\"></span>isks, can a<span class=\"_ _7\"></span>lso take lo<span class=\"_ _7\"></span>nger tha<span class=\"_ _7\"></span>n </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa8b\">nor<span class=\"_ _7\"></span>mal to settl<span class=\"_ _7\"></span>e. This is be<span class=\"_ _7\"></span>caus<span class=\"_ _7\"></span>e of the leng<span class=\"_ _7\"></span>th of time requ<span class=\"_ _7\"></span>ired </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa8c\">for deta<span class=\"_ _7\"></span>iled s<span class=\"_ _7\"></span>ubsea s<span class=\"_ _7\"></span>ur<span class=\"_ _7\"></span>veys to be carr<span class=\"_ _7\"></span>ied ou<span class=\"_ _7\"></span>t and da<span class=\"_ _7\"></span>mage </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsa8d\">assessme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>s agreed, t<span class=\"_ _9\"></span>ogether wit<span class=\"_ _9\"></span>h dif<span class=\"_ _7\"></span>ficulties in<span class=\"_ _9\"></span> predicting </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa8e\">whe<span class=\"_ _7\"></span>n the ass<span class=\"_ _7\"></span>ets can be b<span class=\"_ _7\"></span>rought ba<span class=\"_ _7\"></span>ck into full prod<span class=\"_ _7\"></span>uction.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa8f\">For the inward<span class=\"_ _7\"></span>s reinsu<span class=\"_ _7\"></span>rance l<span class=\"_ _7\"></span>ines, the<span class=\"_ _7\"></span>re is of<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>n a time lag </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa90\">bet<span class=\"_ _7\"></span>ween the e<span class=\"_ _7\"></span>stab<span class=\"_ _7\"></span>lishm<span class=\"_ _7\"></span>ent and re<span class=\"_ _7\"></span>-esti<span class=\"_ _7\"></span>mate of case res<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ves </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa91\">and re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting to the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>. T<span class=\"_ _7\"></span>he Group wor<span class=\"_ _7\"></span>ks clos<span class=\"_ _7\"></span>ely wi<span class=\"_ _7\"></span>th<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa92\">the rei<span class=\"_ _7\"></span>nsured to ens<span class=\"_ _7\"></span>ure timel<span class=\"_ _7\"></span>y repor<span class=\"_ _7\"></span>tin<span class=\"_ _7\"></span>g and als<span class=\"_ _7\"></span>o centra<span class=\"_ _7\"></span>lly </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa93\">ana<span class=\"_ _7\"></span>lyse<span class=\"_ _7\"></span>s industr<span class=\"_ _7\"></span>y l<span class=\"_ _7\"></span>oss data to veri<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>y the repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed re<span class=\"_ _7\"></span>ser<span class=\"_ _7\"></span>ve<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsa94\">The Group main<span class=\"_ _9\"></span>tains explicit<span class=\"_ _9\"></span> reser<span class=\"_ _7\"></span>ve uplifts t<span class=\"_ _9\"></span>o allow<span class=\"_ _9\"></span> for<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa95\">the imp<span class=\"_ _7\"></span>act of high i<span class=\"_ _7\"></span>nflation in re<span class=\"_ _7\"></span>cent yea<span class=\"_ _7\"></span>rs. Loss rati<span class=\"_ _7\"></span>os <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa96\">are al<span class=\"_ _7\"></span>so close<span class=\"_ _7\"></span>ly mon<span class=\"_ _7\"></span>itored to ensure th<span class=\"_ _7\"></span>ey includ<span class=\"_ _7\"></span>e an </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsa97\">appropriat<span class=\"_ _9\"></span>e allowance f<span class=\"_ _9\"></span>or future in<span class=\"_ _9\"></span>flation.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa98\">Loss<span class=\"_ _7\"></span>es from C<span class=\"_ _7\"></span>ovid-<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>9 continu<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o set<span class=\"_ _7\"></span>tle well w<span class=\"_ _7\"></span>ithin </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa99\">expe<span class=\"_ _7\"></span>ctations. A<span class=\"_ _7\"></span>s time pas<span class=\"_ _7\"></span>ses an<span class=\"_ _7\"></span>d lega<span class=\"_ _7\"></span>l case<span class=\"_ _7\"></span>s are grad<span class=\"_ _7\"></span>uall<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa9a\">set<span class=\"_ _7\"></span>tled, the ou<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>com<span class=\"_ _7\"></span>e bec<span class=\"_ _7\"></span>omes m<span class=\"_ _7\"></span>ore cer<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>in and s<span class=\"_ _7\"></span>o the <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsa9b\">level of ri<span class=\"_ _7\"></span>sk adjus<span class=\"_ _7\"></span>tment ab<span class=\"_ _7\"></span>ove the best e<span class=\"_ _7\"></span>stimate can <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls99 wsb0 gsa9c\">be r<span class=\"_ _9\"></span>educed.<span class=\"_ _304\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInsuranceRiskExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-429": {
   "value": "(b<span class=\"_ _9\"></span>) Price risk<span class=\"_ _304\"> </span>The Group is e<span class=\"_ _9\"></span>xposed to<span class=\"_ _9\"></span> price risk through its<span class=\"_ _9\"></span> holdings of<span class=\"_ _9\"></span> equ<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>nd investme<span class=\"_ _7\"></span>nt fund<span class=\"_ _7\"></span>s. This is l<span class=\"_ _7\"></span>imited to a relative<span class=\"_ _7\"></span>ly small and cont<span class=\"_ _9\"></span>rolled prop<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>tion o<span class=\"_ _9\"></span>f the o<span class=\"_ _9\"></span>verall in<span class=\"_ _9\"></span>vestment<span class=\"_ _9\"></span> por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio a<span class=\"_ _7\"></span>nd the equ<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>nd investme<span class=\"_ _7\"></span>nt fun<span class=\"_ _7\"></span>ds involved <span class=\"ls8 ws4\"> </span>are div<span class=\"_ _9\"></span>ersified over a<span class=\"_ _9\"></span> number of companies and<span class=\"_ _9\"></span> industries.<span class=\"_ _304\"> </span>The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e of equiti<span class=\"_ _7\"></span>es and i<span class=\"_ _7\"></span>nvestment f<span class=\"_ _7\"></span>und as<span class=\"_ _7\"></span>sets in <span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et at 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023 was<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>$205 mill<span class=\"_ _7\"></span>ion (2022<span class=\"_ _9\"></span>: $339 mill<span class=\"_ _7\"></span>ion)<span class=\"_ _9\"></span>. A 1<span class=\"_ _9\"></span>0<span class=\"_ _9\"></span>% dow<span class=\"_ _7\"></span>nward corre<span class=\"_ _7\"></span>ction in eq<span class=\"_ _7\"></span>uities a<span class=\"_ _7\"></span>nd investm<span class=\"_ _7\"></span>ent fun<span class=\"_ _7\"></span>d pric<span class=\"_ _7\"></span>es at 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _9\"></span> would h<span class=\"_ _7\"></span>av<span class=\"_ _9\"></span>e be<span class=\"_ _7\"></span>en exp<span class=\"_ _7\"></span>ected to reduc<span class=\"_ _7\"></span>e Group e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y and profi<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span> af<span class=\"_ _7\"></span>ter ta<span class=\"_ _7\"></span>x by approxim<span class=\"_ _7\"></span>ately $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>8 milli<span class=\"_ _7\"></span>on (2<span class=\"_ _9\"></span>022: $30 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>The<span class=\"_ _7\"></span>se may be a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>ed as foll<span class=\"_ _7\"></span>ows<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>Nature of e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y and investm<span class=\"_ _7\"></span>ent fund h<span class=\"_ _7\"></span>oldings<table class=\"s w1ab ha5\" id=\"_b53bd3ca-9eb1-4240-9052-b794ef0dc5a1\"><tr><td></td><td class=\"t m0 x1bb h8 y1f71 ff6a fs4 fc3 sc0 ls8 ws4\"> <span class=\"_ _61\"> </span><span class=\"ff64 fs28 fc2 ls9f wsb8\">20<span class=\"_ _7\"></span>23<span class=\"_ _304\"> </span></span></td><td class=\"t m0 x401 h44 y1f71 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x402 h43 y1f72 ff64 fs28 fc2 sc0 lsf0 ws13c\">% weighting<span class=\"_ _304\"> </span></td><td class=\"t m0 x403 h44 y1f72 ff5f fs28 fc2 sc0 lsed ws139\">% weighti<span class=\"_ _9\"></span>ng<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f73 w1ac h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Directly held<span class=\"_ _9\"></span> equit<span class=\"_ _7\"></span>y securities<span class=\"_ _304\"> </span></div></td><td class=\"c n x404 y1f73 w1ad h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">15<span class=\"_ _304\"> </span></div></td><td class=\"c n x405 y1f73 w1ae h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e78 w1af h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Equity funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x406 y1e78 w1b0 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">32<span class=\"_ _304\"> </span></div></td><td class=\"c n x407 y1e78 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">43<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f05 w1b1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Hedge funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x408 y1f05 w1b2 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">53<span class=\"_ _304\"> </span></div></td><td class=\"c n x409 y1f05 w1b3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws120\">49<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y1f74 ff64 fs7 fc2 sc0 ls3d ws46\">Geographic foc<span class=\"_ _9\"></span>us<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1e7d w1b4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Spe<span class=\"_ _7\"></span>cific UK m<span class=\"_ _7\"></span>andates<span class=\"_ _304\"> </span></div></td><td class=\"c n x40a y1e7d w1b5 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d wsf4\">39<span class=\"_ _304\"> </span></div></td><td class=\"c n x40b y1e7d w1b6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">22<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w1b7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Glo<span class=\"_ _7\"></span>bal man<span class=\"_ _7\"></span>dates<span class=\"_ _304\"> </span></div></td><td class=\"c n x40c y1e80 w1b8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8a wsa0\">61<span class=\"_ _304\"> </span></div></td><td class=\"c n x40d y1e80 w1b9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">78<span class=\"_ _304\"> </span></div></td></tr></table>The a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>ation of pri<span class=\"_ _7\"></span>ce ris<span class=\"_ _7\"></span>k is not heavi<span class=\"_ _7\"></span>ly confi<span class=\"_ _7\"></span>ned to any <span class=\"ls8 ws4\"> </span>one m<span class=\"_ _7\"></span>arket index so a<span class=\"_ _7\"></span>s to reduce the G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s exp<span class=\"_ _7\"></span>osure to individual sensitivities<span class=\"_ _9\"></span>. W<span class=\"_ _9\"></span>e make alloca<span class=\"_ _9\"></span>tions t<span class=\"_ _9\"></span>o diversifying <span class=\"ls8 ws4\"> </span>and l<span class=\"_ _7\"></span>ess vol<span class=\"_ _7\"></span>atile strategie<span class=\"_ _7\"></span>s, such a<span class=\"_ _7\"></span>s absolu<span class=\"_ _7\"></span>te return strategi<span class=\"_ _7\"></span>es, so as to bala<span class=\"_ _7\"></span>nce ou<span class=\"_ _7\"></span>r desi<span class=\"_ _7\"></span>re t<span class=\"_ _9\"></span>o ma<span class=\"_ _7\"></span>x<span class=\"_ _7\"></span>imise retur<span class=\"_ _7\"></span>ns with the n<span class=\"_ _7\"></span>eed t<span class=\"_ _9\"></span>o ensure capital is<span class=\"_ _9\"></span> available t<span class=\"_ _9\"></span>o support our underwriting througho<span class=\"_ _9\"></span>ut any do<span class=\"_ _9\"></span>wnturn in financial mark<span class=\"_ _9\"></span>ets<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(c<span class=\"_ _9\"></span>) Interest r<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e ri<span class=\"_ _7\"></span>sk<span class=\"_ _304\"> </span>Debt a<span class=\"_ _7\"></span>nd fixed inc<span class=\"_ _7\"></span>ome inves<span class=\"_ _7\"></span>tments rep<span class=\"_ _7\"></span>resent a s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant propo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tion of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s assets a<span class=\"_ _7\"></span>nd the Boa<span class=\"_ _7\"></span>rd continu<span class=\"_ _7\"></span>ally moni<span class=\"_ _7\"></span>tors investme<span class=\"_ _7\"></span>nt strategy to minim<span class=\"_ _7\"></span>ise the r<span class=\"_ _7\"></span>isk of a fall in the por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio\u2019<span class=\"_ _9\"></span>s market valu<span class=\"_ _7\"></span>e which c<span class=\"_ _7\"></span>ould af<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct the amo<span class=\"_ _7\"></span>unt of busi<span class=\"_ _9\"></span>ness that the<span class=\"_ _9\"></span> Group is able<span class=\"_ _9\"></span> to underwrite or it<span class=\"_ _9\"></span>s ability to settle c<span class=\"_ _7\"></span>laims a<span class=\"_ _7\"></span>s they fall d<span class=\"_ _7\"></span>ue. The fai<span class=\"_ _7\"></span>r value of the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s investme<span class=\"_ _7\"></span>nt por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio of de<span class=\"_ _7\"></span>bt and fixed in<span class=\"_ _7\"></span>come h<span class=\"_ _7\"></span>olding<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span>is nor<span class=\"_ _7\"></span>mall<span class=\"_ _7\"></span>y inverse<span class=\"_ _7\"></span>ly cor<span class=\"_ _7\"></span>related to moveme<span class=\"_ _7\"></span>nts in market <span class=\"ls8 ws4\"> </span>interest r<span class=\"_ _7\"></span>ates. If market intere<span class=\"_ _7\"></span>st rates ris<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, the fa<span class=\"_ _7\"></span>ir value <span class=\"ls8 ws4\"> </span>of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s debt and fi<span class=\"_ _7\"></span>xed inco<span class=\"_ _7\"></span>me investme<span class=\"_ _7\"></span>nts would <span class=\"ls8 ws4\"> </span>tend to fall an<span class=\"_ _7\"></span>d vice ve<span class=\"_ _7\"></span>rsa if c<span class=\"_ _7\"></span>redit s<span class=\"_ _7\"></span>preads re<span class=\"_ _7\"></span>maine<span class=\"_ _7\"></span>d cons<span class=\"_ _7\"></span>tant.<span class=\"_ _9\"></span> Debt a<span class=\"_ _7\"></span>nd fixed inc<span class=\"_ _7\"></span>ome as<span class=\"_ _7\"></span>sets are pre<span class=\"_ _7\"></span>domin<span class=\"_ _7\"></span>antly inves<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed i<span class=\"_ _7\"></span>n high-quality corporate<span class=\"_ _9\"></span>, gov<span class=\"_ _9\"></span>ernme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span> and asset<span class=\"_ _9\"></span>-backed<span class=\"_ _9\"></span> bonds. The i<span class=\"_ _7\"></span>nvestments t<span class=\"_ _7\"></span>yp<span class=\"_ _7\"></span>icall<span class=\"_ _7\"></span>y have relative<span class=\"_ _7\"></span>ly shor<span class=\"_ _7\"></span>t d<span class=\"_ _7\"></span>urations a<span class=\"_ _7\"></span>nd terms to matur<span class=\"_ _7\"></span>ity<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>e por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio is ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>d t<span class=\"_ _9\"></span>o min<span class=\"_ _7\"></span>imise th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> impac<span class=\"_ _7\"></span>t of interest rate ris<span class=\"_ _7\"></span>k on antic<span class=\"_ _7\"></span>ipated Group c<span class=\"_ _7\"></span>ash flows. The G<span class=\"_ _7\"></span>roup may al<span class=\"_ _7\"></span>so<span class=\"_ _9\"></span>, f<span class=\"_ _7\"></span>rom time to time, enter into interest rate futu<span class=\"_ _7\"></span>re contrac<span class=\"_ _7\"></span>ts in order to redu<span class=\"_ _7\"></span>ce interes<span class=\"_ _7\"></span>t rate risk on sp<span class=\"_ _7\"></span>ecifi<span class=\"_ _7\"></span>c por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folios. T<span class=\"_ _7\"></span>he fair va<span class=\"_ _7\"></span>lue of de<span class=\"_ _7\"></span>bt and fixed inc<span class=\"_ _7\"></span>ome as<span class=\"_ _7\"></span>sets <span class=\"ls8 ws4\"> </span>in the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet at 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2023 was <span class=\"ls8 ws4\"> </span>$6,334 mil<span class=\"_ _7\"></span>lion (2022<span class=\"_ _9\"></span>: $5,<span class=\"_ _9\"></span>42<span class=\"_ _9\"></span>7 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>. The<span class=\"_ _7\"></span>se may be an<span class=\"_ _7\"></span>alyse<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> be<span class=\"_ _7\"></span>low as<span class=\"_ _7\"></span> foll<span class=\"_ _7\"></span>ows:<span class=\"_ _304\"> </span>Nature of d<span class=\"_ _7\"></span>ebt and fi<span class=\"_ _7\"></span>x<span class=\"_ _9\"></span>ed in<span class=\"_ _7\"></span>come ho<span class=\"_ _7\"></span>ldings<span class=\"_ _304\"> </span><table class=\"s w19e ha4\" id=\"_c5fca8c1-acbe-4866-855c-102850e9036c\"><tr><td></td><td class=\"t m0 x3ef h43 y1f6c ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x3f0 h44 y1f6c ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3f1 h43 y1f6d ff64 fs28 fc2 sc0 lsf0 ws13c\">% weighting<span class=\"_ _304\"> </span></td><td class=\"t m0 x3f2 h44 y1f6d ff5f fs28 fc2 sc0 lsed ws139\">% weighti<span class=\"_ _9\"></span>ng<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f6e w19f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls99 wsb0\">Gov<span class=\"_ _9\"></span>ernment<span class=\"_ _9\"></span> issued<span class=\"_ _304\"> </span></div></td><td class=\"c n x3f3 y1f6e w1a0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20<span class=\"_ _304\"> </span></div></td><td class=\"c n x3f4 y1f6e w1a1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws11c\">20<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f6f w1a2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Agen<span class=\"_ _7\"></span>cy and gover<span class=\"_ _7\"></span>nme<span class=\"_ _7\"></span>nt suppo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed<span class=\"_ _304\"> </span></div></td><td class=\"c n x3f5 y1f6f w1a3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">4<span class=\"_ _304\"> </span></div></td><td class=\"c n x3f6 y1f6f w1a3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f70 w1a4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Asset<span class=\"_ _9\"></span>-back<span class=\"_ _9\"></span>ed securities<span class=\"_ _304\"> </span></div></td><td class=\"c n x3f7 y1f70 w1a3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">8<span class=\"_ _304\"> </span></div></td><td class=\"c n x3f8 y1f70 w1a3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f41 w1a5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws46\">Mor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>gage-back<span class=\"_ _9\"></span>ed inst<span class=\"_ _9\"></span>ruments<span class=\"_ _304\"> </span></div></td><td class=\"c n x3f9 y1f41 w1a3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">6<span class=\"_ _304\"> </span></div></td><td class=\"c n x3fa y1f41 w1a3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f42 w14f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Corporate<span class=\"_ _9\"></span> bonds<span class=\"_ _304\"> </span></div></td><td class=\"c n x3fb y1f42 w1a6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls13f wsec\">60<span class=\"_ _304\"> </span></div></td><td class=\"c n x3fc y1f42 w1a7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws10a\">64<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f61 w1a8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Lloyd\u2019<span class=\"_ _9\"></span>s depo<span class=\"_ _7\"></span>sits and b<span class=\"_ _7\"></span>ond fu<span class=\"_ _7\"></span>nds<span class=\"_ _304\"> </span></div></td><td class=\"c n x3fd y1f61 w1a3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">1<span class=\"_ _304\"> </span></div></td><td class=\"c n x3fe y1f61 w1a3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w1a9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Credit funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x3ff y1e80 w1aa h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">1<span class=\"_ _304\"> </span></div></td><td class=\"c n x400 y1e80 w1aa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">2<span class=\"_ _304\"> </span></div></td></tr></table>One m<span class=\"_ _7\"></span>ethod of ass<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>ing interes<span class=\"_ _7\"></span>t rate sensiti<span class=\"_ _7\"></span>vit<span class=\"_ _7\"></span>y is throug<span class=\"_ _7\"></span>h the e<span class=\"_ _9\"></span>xamination<span class=\"_ _9\"></span> of dura<span class=\"_ _9\"></span>tion-conv<span class=\"_ _9\"></span>exity fact<span class=\"_ _9\"></span>ors in the underlying<span class=\"_ _9\"></span> por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio. Durati<span class=\"_ _7\"></span>on is the weig<span class=\"_ _7\"></span>hted average le<span class=\"_ _7\"></span>ngth of time requ<span class=\"_ _7\"></span>ired for an i<span class=\"_ _7\"></span>nstrum<span class=\"_ _7\"></span>ent\u2019<span class=\"_ _9\"></span>s cas<span class=\"_ _7\"></span>h flow stream to be rec<span class=\"_ _7\"></span>overed, whe<span class=\"_ _7\"></span>re the weighti<span class=\"_ _7\"></span>ngs involve<span class=\"_ _7\"></span>d are base<span class=\"_ _7\"></span>d on the dis<span class=\"_ _7\"></span>counted pres<span class=\"_ _7\"></span>ent valu<span class=\"_ _7\"></span>es of eac<span class=\"_ _7\"></span>h cash flow<span class=\"_ _9\"></span>. A cl<span class=\"_ _7\"></span>osely re<span class=\"_ _7\"></span>lated con<span class=\"_ _7\"></span>cept,<span class=\"_ _9\"></span> modified durat<span class=\"_ _9\"></span>ion, measur<span class=\"_ _9\"></span>es the sensitivity of<span class=\"_ _9\"></span> the inst<span class=\"_ _9\"></span>rument\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> pri<span class=\"_ _7\"></span>ce to a chang<span class=\"_ _7\"></span>e in its yie<span class=\"_ _7\"></span>ld to maturit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>. Convexit<span class=\"_ _7\"></span>y mea<span class=\"_ _7\"></span>sures the se<span class=\"_ _7\"></span>nsitiv<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y of modifie<span class=\"_ _7\"></span>d duratio<span class=\"_ _7\"></span>n t<span class=\"_ _9\"></span>o ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s in the yi<span class=\"_ _7\"></span>eld to<span class=\"_ _9\"></span> maturity<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> Using these thr<span class=\"_ _9\"></span>ee concepts, scenario modelling<span class=\"_ _9\"></span> der<span class=\"_ _7\"></span>ives the b<span class=\"_ _7\"></span>elow es<span class=\"_ _7\"></span>timated impac<span class=\"_ _7\"></span>t on instr<span class=\"_ _7\"></span>uments\u2019 fair val<span class=\"_ _7\"></span>ues for a 1<span class=\"_ _9\"></span>00 ba<span class=\"_ _7\"></span>sis poi<span class=\"_ _7\"></span>nt chan<span class=\"_ _7\"></span>ge in the term s<span class=\"_ _7\"></span>tructure of m<span class=\"_ _7\"></span>arket in<span class=\"_ _7\"></span>ter<span class=\"_ _7\"></span>e<span class=\"_ _7\"></span>st r<span class=\"_ _7\"></span>ate<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>The Group has<span class=\"_ _9\"></span> used a durat<span class=\"_ _9\"></span>ion-conve<span class=\"_ _9\"></span>xit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>-based sensitivity ana<span class=\"_ _7\"></span>lysis for th<span class=\"_ _7\"></span>e debt an<span class=\"_ _7\"></span>d fixed inco<span class=\"_ _7\"></span>me hold<span class=\"_ _7\"></span>ings, an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> recalculat<span class=\"_ _9\"></span>ed the discoun<span class=\"_ _9\"></span>ting impa<span class=\"_ _9\"></span>ct for t<span class=\"_ _9\"></span>he reinsurance<span class=\"_ _9\"></span> contract<span class=\"_ _9\"></span> assets and i<span class=\"_ _9\"></span>nsurance contra<span class=\"_ _9\"></span>ct liabilities.<span class=\"_ _9\"></span> If marke<span class=\"_ _9\"></span>t interest r<span class=\"_ _7\"></span>ates had incre<span class=\"_ _7\"></span>ase<span class=\"_ _7\"></span>d or dec<span class=\"_ _7\"></span>rease<span class=\"_ _7\"></span>d by 1<span class=\"_ _a\"></span>0<span class=\"_ _7\"></span>0 basi<span class=\"_ _7\"></span>s points at the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet date, the Grou<span class=\"_ _7\"></span>p equi<span class=\"_ _7\"></span>ty an<span class=\"_ _7\"></span>d profit af<span class=\"_ _7\"></span>ter ta<span class=\"_ _7\"></span>x for the yea<span class=\"_ _7\"></span>r might h<span class=\"_ _7\"></span>ave been exp<span class=\"_ _7\"></span>ected to dec<span class=\"_ _7\"></span>rease or i<span class=\"_ _7\"></span>ncrea<span class=\"_ _7\"></span>se by t<span class=\"_ _9\"></span>he following<span class=\"_ _9\"></span> amounts<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span><table class=\"s w1ba ha6\" id=\"_95a0bccb-360e-42dd-b133-b47dfce04f30\"><tr><td></td><td class=\"t m0 x40e h43 y1f75 ff64 fs28 fc2 sc0 lsf0 ws13c\">1<span class=\"_ _9\"></span>% increase/decrease in interest rates<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x40f h43 y1f76 ff64 fs28 fc2 sc0 ls117 ws17c\">Equity/profit after tax<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x355 h25 y1f77 ff64 fs7 fc2 sc0 ls38 ws41\">3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x354 h43 y1f77 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f42 w1bb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Reinsurance cont<span class=\"_ _9\"></span>ract held asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x410 y1f42 w1bc h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d wsf4\">(34<span class=\"_ _9\"></span>)/34<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e7d w1bd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance cont<span class=\"_ _9\"></span>ract liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n x411 y1e7d w1be h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">87<span class=\"_ _9\"></span>/(87<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w1bf h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls89 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x412 y1e80 w1c0 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8a wsa0\">(<span class=\"_ _7\"></span>91)/<span class=\"_ _7\"></span>91<span class=\"_ _304\"> </span></div></td></tr></table><table class=\"s w1c1 ha7\" id=\"_c96e3db1-503c-45bb-92f9-9d4cbc385941\"><tr><td></td><td class=\"t m0 x413 h44 y1f78 ff5f fs28 fc2 sc0 lsf3 ws1d9\">1<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span> increase/<span class=\"_ _9\"></span>decrease in in<span class=\"_ _9\"></span>terest ra<span class=\"_ _9\"></span>tes<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x414 h44 y1f79 ff5f fs28 fc2 sc0 lsed ws139\">Equity/<span class=\"_ _9\"></span>profit after tax<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x355 he y1f7a ff5f fs7 fc2 sc0 ls38 ws41\">3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022 (restated)<span class=\"_ _304\"> </span></td><td class=\"t m0 x354 h44 y1f7a ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f42 w1bb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Reinsurance cont<span class=\"_ _9\"></span>ract held asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x415 y1f42 w1c2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(43<span class=\"_ _9\"></span>)/<span class=\"_ _a\"></span>43<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e7d w1bd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance cont<span class=\"_ _9\"></span>ract liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n x416 y1e7d w1c3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls74 ws82\">92/(92<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w1bf h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls89 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x417 y1e80 w1c4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws11c\">(77<span class=\"_ _7\"></span>)/77<span class=\"_ _304\"> </span></div></td></tr></table>The liability for inc<span class=\"_ _9\"></span>urred claims, r<span class=\"_ _9\"></span>einsurance assets<span class=\"_ _9\"></span> for incurred<span class=\"_ _9\"></span> cla<span class=\"_ _7\"></span>ims and c<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>tain re<span class=\"_ _7\"></span>insur<span class=\"_ _7\"></span>ance a<span class=\"_ _7\"></span>ssets for rem<span class=\"_ _7\"></span>ainin<span class=\"_ _7\"></span>g coverage are su<span class=\"_ _7\"></span>bject to disc<span class=\"_ _7\"></span>ounting. Ple<span class=\"_ _7\"></span>ase refer to note 2<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>8(a) for fur<span class=\"_ _7\"></span>th<span class=\"_ _7\"></span>er deta<span class=\"_ _7\"></span>ils rega<span class=\"_ _7\"></span>rding the d<span class=\"_ _7\"></span>iscou<span class=\"_ _7\"></span>nt rate used.<span class=\"_ _304\"> </span>At 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 202<span class=\"_ _9\"></span>3, the Gro<span class=\"_ _7\"></span>up had bor<span class=\"_ _7\"></span>rowings at n<span class=\"_ _7\"></span>omina<span class=\"_ _7\"></span>l value of \u00a352<span class=\"_ _9\"></span>5 mil<span class=\"_ _7\"></span>lion (2022<span class=\"_ _9\"></span>: \u00a35<span class=\"_ _9\"></span>25 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>). The bor<span class=\"_ _7\"></span>rowings<div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaf6\">com<span class=\"_ _7\"></span>prise<span class=\"_ _7\"></span>d \u00a35<span class=\"_ _9\"></span>25 millio<span class=\"_ _7\"></span>n (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>: \u00a352<span class=\"_ _9\"></span>5 milli<span class=\"_ _7\"></span>on) of long-term <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaf7\">debt, whi<span class=\"_ _7\"></span>ch inclu<span class=\"_ _7\"></span>des t<span class=\"_ _7\"></span>wo listed ins<span class=\"_ _7\"></span>trume<span class=\"_ _7\"></span>nts of \u00a327<span class=\"_ _a\"></span>5 m<span class=\"_ _7\"></span>illio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaf8\">and \u00a3<span class=\"_ _7\"></span>2<span class=\"_ _9\"></span>50 mil<span class=\"_ _7\"></span>lion, as exp<span class=\"_ _7\"></span>laine<span class=\"_ _7\"></span>d in note 1<span class=\"_ _a\"></span>4<span class=\"_ _9\"></span>: the fir<span class=\"_ _7\"></span>st bein<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsaf9\">fixed-to-floating rate call<span class=\"_ _7\"></span>able s<span class=\"_ _7\"></span>ubordin<span class=\"_ _7\"></span>ated notes where th<span class=\"_ _7\"></span>e </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsafa\">floating r<span class=\"_ _7\"></span>ate becom<span class=\"_ _7\"></span>es ef<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ve from Novemb<span class=\"_ _7\"></span>er 202<span class=\"_ _9\"></span>5; the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsafb\">sec<span class=\"_ _7\"></span>ond be<span class=\"_ _7\"></span>ing fixed rate notes matur<span class=\"_ _7\"></span>ing in Se<span class=\"_ _7\"></span>ptember 2027<span class=\"_ _20\"></span>. <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsafc\">The G<span class=\"_ _7\"></span>roup al<span class=\"_ _7\"></span>so has a revolv<span class=\"_ _7\"></span>ing cre<span class=\"_ _7\"></span>dit faci<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y of $60<span class=\"_ _7\"></span>0 millio<span class=\"_ _7\"></span>n </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsafd\">(202<span class=\"_ _9\"></span>2: $60<span class=\"_ _7\"></span>0 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>), which is $<span class=\"_ _7\"></span>nil drawn (2022<span class=\"_ _9\"></span>: $n<span class=\"_ _7\"></span>il) and, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsafe\">therefo<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span>, is not p<span class=\"_ _7\"></span>resenti<span class=\"_ _7\"></span>ng interest rate ri<span class=\"_ _7\"></span>sk. The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsaff\">no ot<span class=\"_ _9\"></span>her significant borro<span class=\"_ _9\"></span>wings or o<span class=\"_ _9\"></span>ther assets<span class=\"_ _9\"></span> or liabilities<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb00\">car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying i<span class=\"_ _7\"></span>nterest rate ris<span class=\"_ _7\"></span>k, other than th<span class=\"_ _7\"></span>e facili<span class=\"_ _7\"></span>ties and L<span class=\"_ _7\"></span>etters <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb01\">of Credi<span class=\"_ _7\"></span>t (L<span class=\"_ _9\"></span>OCs) outli<span class=\"_ _7\"></span>ned in note 27<span class=\"_ _e\"></span>.<span class=\"_ _304\"> </span></div>(f<span class=\"_ _7\"></span>) Cu<span class=\"_ _7\"></span>rre<span class=\"_ _7\"></span>ncy r<span class=\"_ _7\"></span>is<span class=\"_ _7\"></span>k<span class=\"_ _304\"> </span>Cur<span class=\"_ _7\"></span>rency ri<span class=\"_ _7\"></span>sk is the ri<span class=\"_ _7\"></span>sk of loss re<span class=\"_ _7\"></span>sultin<span class=\"_ _7\"></span>g from fluc<span class=\"_ _7\"></span>tuations i<span class=\"_ _7\"></span>n ex<span class=\"_ _9\"></span>cha<span class=\"_ _7\"></span>nge rates. T<span class=\"_ _7\"></span>he Group o<span class=\"_ _7\"></span>perates i<span class=\"_ _7\"></span>nternation<span class=\"_ _7\"></span>ally a<span class=\"_ _7\"></span>nd therefore i<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> expos<span class=\"_ _7\"></span>ed to the finan<span class=\"_ _7\"></span>cial im<span class=\"_ _7\"></span>pact of fluctu<span class=\"_ _7\"></span>ations in th<span class=\"_ _7\"></span>e ex<span class=\"_ _9\"></span>ch<span class=\"_ _7\"></span>ange rates of var<span class=\"_ _7\"></span>ious cu<span class=\"_ _7\"></span>rren<span class=\"_ _7\"></span>cies. The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s exp<span class=\"_ _7\"></span>osure<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o forei<span class=\"_ _7\"></span>gn exchang<span class=\"_ _7\"></span>e risk a<span class=\"_ _7\"></span>rise ma<span class=\"_ _7\"></span>inly w<span class=\"_ _7\"></span>ith resp<span class=\"_ _7\"></span>ect to the US Do<span class=\"_ _7\"></span>llar<span class=\"_ _a\"></span>, S<span class=\"_ _7\"></span>terling a<span class=\"_ _7\"></span>nd the Euro. The<span class=\"_ _7\"></span>se exposu<span class=\"_ _7\"></span>res may be<span class=\"_ _9\"></span> classified in two main ca<span class=\"_ _9\"></span>tegories:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls3b ws44\"> <span class=\"_ _24\"></span>operat<span class=\"_ _9\"></span>ional foreign<span class=\"_ _9\"></span> ex<span class=\"_ _9\"></span>change exposure arises fr<span class=\"_ _9\"></span>om the con<span class=\"_ _9\"></span>version of<span class=\"_ _9\"></span> foreign curr<span class=\"_ _9\"></span>ency transaction<span class=\"_ _9\"></span>s resulting<span class=\"_ _9\"></span> from the<span class=\"_ _9\"></span> </span>activ<span class=\"_ _7\"></span>ities of e<span class=\"_ _7\"></span>ntering in<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>o ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e, inv<span class=\"_ _9\"></span>es<span class=\"_ _7\"></span>tment, finan<span class=\"_ _7\"></span>cing an<span class=\"_ _7\"></span>d oper<span class=\"_ _7\"></span>ational c<span class=\"_ _7\"></span>ontracts in a c<span class=\"_ _7\"></span>urren<span class=\"_ _7\"></span>cy that is dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rent to each respective<span class=\"_ _9\"></span> entity\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> functional currency<span class=\"_ _9\"></span>; and<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>structu<span class=\"_ _7\"></span>ral forei<span class=\"_ _7\"></span>gn exchange ex<span class=\"_ _7\"></span>posure a<span class=\"_ _7\"></span>rise<span class=\"_ _7\"></span>s from the tra<span class=\"_ _7\"></span>nslatio<span class=\"_ _7\"></span>n of the Group\u2019<span class=\"_ _a\"></span>s n<span class=\"_ _7\"></span>et investme<span class=\"_ _7\"></span>nt in foreig<span class=\"_ _7\"></span>n oper<span class=\"_ _7\"></span>ations to the <span class=\"ls8 ws4\"> </span></span>US Dol<span class=\"_ _7\"></span>lar<span class=\"_ _a\"></span>, th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s p<span class=\"_ _7\"></span>resent<span class=\"_ _7\"></span>ation cur<span class=\"_ _7\"></span>rency<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l curre<span class=\"_ _7\"></span>ncy ri<span class=\"_ _7\"></span>sk<span class=\"_ _304\"> </span>Ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l foreig<span class=\"_ _7\"></span>n ex<span class=\"_ _9\"></span>ch<span class=\"_ _7\"></span>ange r<span class=\"_ _7\"></span>isk is pr<span class=\"_ _7\"></span>incipa<span class=\"_ _7\"></span>lly ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>d within the G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s in<span class=\"_ _7\"></span>divi<span class=\"_ _7\"></span>dual e<span class=\"_ _7\"></span>ntities by broad<span class=\"_ _7\"></span>ly matching a<span class=\"_ _7\"></span>ssets an<span class=\"_ _7\"></span>d lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s by curre<span class=\"_ _7\"></span>ncy and li<span class=\"_ _7\"></span>quidi<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>. Due at<span class=\"_ _7\"></span>tention is p<span class=\"_ _7\"></span>aid to loca<span class=\"_ _7\"></span>l regulator<span class=\"_ _7\"></span>y so<span class=\"_ _7\"></span>lvency a<span class=\"_ _7\"></span>nd ris<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span>-based c<span class=\"_ _7\"></span>apit<span class=\"_ _7\"></span>al requi<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nts. All foreig<span class=\"_ _7\"></span>n curre<span class=\"_ _7\"></span>ncy de<span class=\"_ _7\"></span>rivative tra<span class=\"_ _7\"></span>nsactio<span class=\"_ _7\"></span>ns with ex<span class=\"_ _7\"></span>terna<span class=\"_ _7\"></span>l par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s are mana<span class=\"_ _7\"></span>ged ce<span class=\"_ _7\"></span>ntrall<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. T<span class=\"_ _7\"></span>he Grou<span class=\"_ _7\"></span>p also ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>s some exchan<span class=\"_ _7\"></span>ge ris<span class=\"_ _7\"></span>k centra<span class=\"_ _7\"></span>lly throug<span class=\"_ _7\"></span>h matching intra<span class=\"_ _7\"></span>group loa<span class=\"_ _7\"></span>ns and b<span class=\"_ _7\"></span>alanc<span class=\"_ _7\"></span>es.<span class=\"_ _304\"> </span><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gsba3\">Structural c<span class=\"_ _9\"></span>urrency risk<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsba4\">The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s exp<span class=\"_ _7\"></span>osure to struc<span class=\"_ _7\"></span>tural cu<span class=\"_ _7\"></span>rrency r<span class=\"_ _7\"></span>isks ma<span class=\"_ _7\"></span>inly re<span class=\"_ _7\"></span>lates to St<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rling a<span class=\"_ _7\"></span>nd Euro net investm<span class=\"_ _7\"></span>ents in bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>ses o<span class=\"_ _7\"></span>peratin<span class=\"_ _7\"></span>g in </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsba5\">the UK a<span class=\"_ _7\"></span>nd Europe. Th<span class=\"_ _7\"></span>e Group do<span class=\"_ _7\"></span>es not ordi<span class=\"_ _7\"></span>nari<span class=\"_ _7\"></span>ly see<span class=\"_ _7\"></span>k to use der<span class=\"_ _7\"></span>ivatives to mitig<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e the str<span class=\"_ _7\"></span>uctura<span class=\"_ _7\"></span>l risk b<span class=\"_ _7\"></span>ecau<span class=\"_ _7\"></span>se:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsba6\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gsba7\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>the curre<span class=\"_ _7\"></span>ncy tran<span class=\"_ _7\"></span>slation g<span class=\"_ _7\"></span>ains an<span class=\"_ _7\"></span>d losse<span class=\"_ _7\"></span>s are acc<span class=\"_ _7\"></span>ounted for in th<span class=\"_ _7\"></span>e curre<span class=\"_ _7\"></span>ncy trans<span class=\"_ _7\"></span>lation re<span class=\"_ _7\"></span>ser<span class=\"_ _7\"></span>ve (a compo<span class=\"_ _7\"></span>nent of equ<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y) and </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsba8\">do not af<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t the inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt unle<span class=\"_ _7\"></span>ss the rel<span class=\"_ _7\"></span>ated foreign o<span class=\"_ _7\"></span>peratio<span class=\"_ _7\"></span>n is disp<span class=\"_ _7\"></span>osed of;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsba9\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gsbaa\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\">the curre<span class=\"_ _7\"></span>ncy trans<span class=\"_ _7\"></span>lation ga<span class=\"_ _7\"></span>ins and l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s have no cash fl<span class=\"_ _7\"></span>ow<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbab\">In pe<span class=\"_ _7\"></span>riods of s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant volati<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y that are expe<span class=\"_ _7\"></span>cted to pers<span class=\"_ _7\"></span>ist for an ex<span class=\"_ _7\"></span>tende<span class=\"_ _7\"></span>d peri<span class=\"_ _7\"></span>od of time, the Grou<span class=\"_ _7\"></span>p may elec<span class=\"_ _7\"></span>t to utilise </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbac\">der<span class=\"_ _7\"></span>ivatives to mitig<span class=\"_ _7\"></span>ate or reduc<span class=\"_ _7\"></span>e the risk i<span class=\"_ _7\"></span>n order to pres<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ve cap<span class=\"_ _7\"></span>ital.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbad\">The c<span class=\"_ _7\"></span>urre<span class=\"_ _7\"></span>ncy profile of the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s ass<span class=\"_ _7\"></span>ets and lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es is as fol<span class=\"_ _7\"></span>lows<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gsbae\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar ende<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _304\"> </span></div><div class=\"gsbaf\"><table class=\"s w212 hae\" id=\"_bfc13e4a-cb12-4382-95ce-cdb372f355d2\"><tr><td></td><td></td><td class=\"t m0 x498 h43 y1f99 ff64 fs28 fc2 sc0 ls145 ws1dc\">US Dol<span class=\"_ _9\"></span>lar </td><td class=\"t m0 x499 h43 y1f99 ff64 fs28 fc2 sc0 lsa1 wsba\">Ster<span class=\"_ _7\"></span>ling<span class=\"_ _304\"> </span></td><td class=\"t m0 x30d h43 y1f99 ff64 fs28 fc2 sc0 ls174 ws23e\">Euro<span class=\"_ _304\"> </span></td><td class=\"t m0 x49a h43 y1f99 ff64 fs28 fc2 sc0 ls131 ws1bc\">Other<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y1f99 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x3d6 h43 y1f9a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d7 h43 y1f9a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h43 y1f9a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h43 y1f9a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y1f9a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td></tr><tr><td class=\"c n x1b7 y1f33 w213 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Goodwill and intangible asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x49b y1f33 w214 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">1<span class=\"_ _9\"></span>26.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x49c y1f33 w65 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x49d y1f33 w215 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">65.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x49e y1f33 w216 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">6.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x49f y1f33 w217 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">323.9<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1f34 w10c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at fai<span class=\"_ _7\"></span>r value<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x4a0 y1f34 w207 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">4,691<span class=\"_ _9\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x4a1 y1f34 w218 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x4a2 y1f34 w219 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">6<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4a3 y1f34 w21a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>1.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4a4 y1f34 w71 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,<span class=\"_ _7\"></span>57<span class=\"_ _a\"></span>4.4<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1f9b w16c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Cash and<span class=\"_ _9\"></span> cash equivalen<span class=\"_ _9\"></span>ts<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x4a5 y1f9b w21b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">819<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4a6 y1f9b w21c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">3<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x4a7 y1f9b w21d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x310 y1f9b w21e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x4a8 y1f9b w21f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>4<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1f36 w220 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Reinsurance cont<span class=\"_ _9\"></span>ract held asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x4a9 y1f36 w221 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">1,71<span class=\"_ _9\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4aa y1f36 w22 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20<span class=\"_ _7\"></span>3.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ab y1f36 w12e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ac y1f36 wa4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">26.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ad y1f36 w95 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2,0<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1f9c w222 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">Oth<span class=\"_ _7\"></span>er as<span class=\"_ _7\"></span>sets<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x4ae y1f9c w223 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d wsf4\">385.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x4af y1f9c w224 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls155 ws204\">14<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4b0 y1f9c w225 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">3<span class=\"_ _7\"></span>9.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x4b1 y1f9c w5d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">55.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x4b2 y1f9c w226 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">626.9<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1f9d w82 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c ws45\">T<span class=\"_ _a\"></span>otal assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x4b3 y1f9d w227 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsab wsc8\">7,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x4b4 y1f9d w228 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsab wsc8\">4<span class=\"_ _8\"></span>.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x4b5 y1f9d w1cf h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x4b6 y1f9d w229 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>7.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x4b7 y1f9d w22a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">366.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x4b8 y1f9d w22b h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls12a ws1ee\">11<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1f9e w1bd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance cont<span class=\"_ _9\"></span>ract liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x4b9 y1f9e w12 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">4,8<span class=\"_ _7\"></span>93.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ba y1f9e w22c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">76<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4bb y1f9e w1e9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">8<span class=\"_ _7\"></span>45.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x4bc y1f9e w22d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4bd y1f9e w22e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,6<span class=\"_ _7\"></span>04.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1f9f w22f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Other liabilities<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x4be y1f9f w230 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">92.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x4bf y1f9f w231 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">93<span class=\"_ _7\"></span>9.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c0 y1f9f wa2 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">96.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c1 y1f9f w232 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">31.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c2 y1f9f w233 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1,1<span class=\"_ _7\"></span>5<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1fa0 wb2 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb3 wsa3\">T<span class=\"_ _a\"></span>ota<span class=\"_ _7\"></span>l liabilitie<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x4c3 y1fa0 w234 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">4,9<span class=\"_ _7\"></span>85.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c4 y1fa0 w235 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c5 y1fa0 waf h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">9<span class=\"_ _7\"></span>42.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c6 y1fa0 w236 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">131.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c7 y1fa0 w237 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsab wsc8\">7,<span class=\"_ _7\"></span>7<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c8 y1fa0 w238 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsab wsc8\">3<span class=\"_ _8\"></span>.<span class=\"_ _c\"> </span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w9e h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsaf\">T<span class=\"_ _a\"></span>otal e<span class=\"_ _7\"></span>quity<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x4c9 y1e80 w239 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls140 ws226\">2<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>74<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ca y1e80 w23a h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x4cb y1e80 w23b h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsad wsca\">17<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x320 y1e80 w1e9 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">23<span class=\"_ _7\"></span>4.6<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x4cc y1e80 w99 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws117\">3,<span class=\"_ _7\"></span>296.7<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbb0\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022 (restated)<span class=\"_ _304\"> </span></div><div class=\"gsbb1\"><table class=\"s w23c haf\" id=\"_c60e2a6a-ac5a-4d17-9eec-b60747b8db67\"><tr><td></td><td class=\"t m0 x4cd h44 y1fa1 ff5f fs28 fc2 sc0 ls10a ws15e\">US Dollar<span class=\"_ _9\"></span> </td><td class=\"t m0 x499 h44 y1fa1 ff5f fs28 fc2 sc0 lsa0 wsb9\">Sterlin<span class=\"_ _9\"></span>g<span class=\"_ _304\"> </span></td><td class=\"t m0 x30d h44 y1fa1 ff5f fs28 fc2 sc0 ls174 ws23e\">Euro<span class=\"_ _304\"> </span></td><td class=\"t m0 x49a h44 y1fa1 ff5f fs28 fc2 sc0 ls3 ws90\">Other<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y1fa1 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3d6 h44 y1fa2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d7 h44 y1fa2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h44 y1fa2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h44 y1fa2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y1fa2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1fa3 w213 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Goodwill and intangible asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ce y1fa3 w23d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">13<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4cf y1fa3 w23e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">13<span class=\"_ _7\"></span>1.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d0 y1fa3 wbb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">4<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d1 y1fa3 w23f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">6.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d2 y1fa3 w62 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">320.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa4 w10c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at fai<span class=\"_ _7\"></span>r value<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d3 y1fa4 w240 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">4<span class=\"_ _7\"></span>,1<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>5<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d4 y1fa4 w241 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws98\">938.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d5 y1fa4 w242 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">5<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d6 y1fa4 w243 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls10e ws166\">19<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d7 y1fa4 w244 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa5 w16c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Cash and<span class=\"_ _9\"></span> cash equivalen<span class=\"_ _9\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d8 y1fa5 w245 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x4d9 y1fa5 w246 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">24<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x4da y1fa5 w247 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">229.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x4db y1fa5 w248 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">9<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x4dc y1fa5 w80 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa6 w220 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Reinsurance cont<span class=\"_ _9\"></span>ract held asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x4dd y1fa6 w19c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x4de y1fa6 w210 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>4.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x476 y1fa6 w21a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls10d ws164\">17<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x4df y1fa6 w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">9<span class=\"_ _7\"></span>4.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e0 y1fa6 w249 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"> </span>5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa7 w222 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">Oth<span class=\"_ _7\"></span>er as<span class=\"_ _7\"></span>sets<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e1 y1fa7 wa1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">9<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e2 y1fa7 w24a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">2<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e3 y1fa7 w24b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">33.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e4 y1fa7 w24c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e5 y1fa7 w24d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">3<span class=\"_ _7\"></span>62.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f9d w24e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c wsf1\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _8\"></span> a<span class=\"_ _2c\"></span>s<span class=\"_ _8\"></span>s<span class=\"_ _2c\"></span>e<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e6 y1f9d w24f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>1<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.<span class=\"_ _c\"> </span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e7 y1f9d w81 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e8 y1f9d w250 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x4e9 y1f9d w251 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsee ws13a\">412<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ea y1f9d w84 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">10,<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa8 w1bd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance cont<span class=\"_ _9\"></span>ract liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n x4eb y1fa8 w252 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4,677<span class=\"_ _a\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ec y1fa8 w253 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">9<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ed y1fa8 w254 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">84<span class=\"_ _7\"></span>9.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x3dd y1fa8 w255 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">20<span class=\"_ _7\"></span>4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ee y1fa8 wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">6,6<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa9 w22f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Other liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x4be y1fa9 w256 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">6<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ef y1fa9 w3b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">856<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f0 y1fa9 w257 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f1 y1fa9 w123 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">3.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f2 y1fa9 w80 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa0 w258 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">T<span class=\"_ _a\"></span>otal liabi<span class=\"_ _9\"></span>lities<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f3 y1fa0 w1f8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">4,7<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f4 y1fa0 w259 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>19<span class=\"_ _8\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f5 y1fa0 w25a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">9<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f6 y1fa0 w25b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws11c\">208.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f7 y1fa0 w24f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _8\"></span>7<span class=\"_ _2c\"></span>2<span class=\"_ _2c\"></span>8<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w25c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal equity<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f8 y1e80 w25d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>74<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x4f9 y1e80 w25e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x4fa y1e80 w248 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsee ws13a\">41.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x4fb y1e80 w25f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws11c\">20<span class=\"_ _7\"></span>3.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x4fc y1e80 w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,6<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>5.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr></table></div>Sensitivity analysis<span class=\"_ _304\"> </span>As at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mber<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023, the Grou<span class=\"_ _7\"></span>p used cl<span class=\"_ _7\"></span>osing r<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s of e<span class=\"_ _9\"></span>xcha<span class=\"_ _7\"></span>nge of $1<span class=\"_ _a\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>\u00a30.<span class=\"_ _a\"></span>78 and $1<span class=\"_ _a\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>\u20ac0.9<span class=\"_ _9\"></span>1 (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$1<span class=\"_ _a\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>\u00a30.83 and $1<span class=\"_ _a\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>\u20ac0.94<span class=\"_ _9\"></span>).<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>The G<span class=\"_ _7\"></span>roup pe<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>forms a s<span class=\"_ _7\"></span>ensiti<span class=\"_ _7\"></span>vit<span class=\"_ _7\"></span>y ana<span class=\"_ _7\"></span>lysis ba<span class=\"_ _7\"></span>sed on a 1<span class=\"_ _9\"></span>0% streng<span class=\"_ _7\"></span>thenin<span class=\"_ _7\"></span>g or weaken<span class=\"_ _7\"></span>ing of the US Do<span class=\"_ _7\"></span>llar ag<span class=\"_ _7\"></span>ainst S<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rling.<span class=\"_ _304\"> </span>Thi<span class=\"_ _7\"></span>s anal<span class=\"_ _7\"></span>ysis as<span class=\"_ _7\"></span>sume<span class=\"_ _7\"></span>s that all othe<span class=\"_ _7\"></span>r varia<span class=\"_ _7\"></span>bles, in pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ticula<span class=\"_ _7\"></span>r interest rates, re<span class=\"_ _7\"></span>main c<span class=\"_ _7\"></span>onstant a<span class=\"_ _7\"></span>nd that the u<span class=\"_ _7\"></span>nder<span class=\"_ _7\"></span>lying va<span class=\"_ _7\"></span>luation of ass<span class=\"_ _7\"></span>ets and lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es in the<span class=\"_ _7\"></span>ir base cu<span class=\"_ _7\"></span>rren<span class=\"_ _7\"></span>cy is unch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>d. The esti<span class=\"_ _7\"></span>mated sens<span class=\"_ _7\"></span>itivi<span class=\"_ _7\"></span>ties be<span class=\"_ _7\"></span>low take acco<span class=\"_ _7\"></span>unt of the retrans<span class=\"_ _7\"></span>lation mov<span class=\"_ _9\"></span>ements of<span class=\"_ _9\"></span> foreign currenc<span class=\"_ _9\"></span>y monetar<span class=\"_ _7\"></span>y asse<span class=\"_ _9\"></span>ts and liabilit<span class=\"_ _9\"></span>ies in Group ent<span class=\"_ _9\"></span>ities, and<span class=\"_ _9\"></span>, for<span class=\"_ _9\"></span> the effect on equity<span class=\"_ _a\"></span>, the impact<span class=\"_ _9\"></span> on the<span class=\"_ _9\"></span> ret<span class=\"_ _9\"></span>ranslation o<span class=\"_ _9\"></span>f entit<span class=\"_ _9\"></span>ies with non-US<span class=\"_ _9\"></span> Dollar functional currencies.<span class=\"_ _9\"></span> The methodology includes<span class=\"_ _9\"></span> inter<span class=\"_ _a\"></span>-company balances tha<span class=\"_ _9\"></span>t are<span class=\"_ _9\"></span> elim<span class=\"_ _7\"></span>inated on co<span class=\"_ _7\"></span>nsoli<span class=\"_ _7\"></span>dation, but sti<span class=\"_ _7\"></span>ll expose th<span class=\"_ _7\"></span>e Group to foreig<span class=\"_ _7\"></span>n curre<span class=\"_ _7\"></span>ncy ris<span class=\"_ _7\"></span>k.<span class=\"_ _304\"> </span>Dur<span class=\"_ _7\"></span>ing the yea<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>, the G<span class=\"_ _7\"></span>roup trans<span class=\"_ _7\"></span>acted in a nu<span class=\"_ _7\"></span>mber of over<span class=\"_ _9\"></span>-the-co<span class=\"_ _7\"></span>unter for<span class=\"_ _7\"></span>ward cur<span class=\"_ _7\"></span>rency d<span class=\"_ _7\"></span>eri<span class=\"_ _7\"></span>vative contracts. T<span class=\"_ _7\"></span>he impa<span class=\"_ _7\"></span>ct of these contract<span class=\"_ _9\"></span>s on the<span class=\"_ _9\"></span> sensitivity analysis is negligible<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>As at 31 Dece<span class=\"_ _7\"></span>mber<table class=\"s w260 hb0\" id=\"_c319649f-ec20-4cc9-bf65-51f3282e07e5\"><tr><td></td><td></td><td></td><td class=\"t m0 x1b2 h44 y1faa ff5f fs28 fc2 sc0 lsa0 ws1e0\"> <span class=\"_ _14\"> </span>December 2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x484 h44 y1faa ff5f fs28 fc2 sc0 lsa0 ws1e0\"> <span class=\"_ _14\"> </span>December 2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x482 h43 y1fab ff64 fs28 fc2 sc0 ls145 ws1dc\"> <span class=\"_ _12\"> </span>De<span class=\"_ _7\"></span>cember<span class=\"_ _9\"></span> 2023<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x483 h43 y1fab ff64 fs28 fc2 sc0 ls145 ws1dc\"> <span class=\"_ _12\"> </span>De<span class=\"_ _7\"></span>cember<span class=\"_ _9\"></span> 2023<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x1b2 h44 y1fab ff5f fs28 fc2 sc0 ls10a ws15e\"> <span class=\"_ _1\"> </span>effect on equity<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x484 h44 y1fab ff5f fs28 fc2 sc0 ls10a ws15e\"> <span class=\"_ _0\"> </span>effect on profit<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x482 h43 y1fac ff64 fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _14\"> </span>ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct on e<span class=\"_ _7\"></span>qui<span class=\"_ _7\"></span>ty<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x483 h43 y1fac ff64 fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _88\"> </span>ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct on p<span class=\"_ _7\"></span>rof<span class=\"_ _7\"></span>it<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x1b2 h44 y1fac ff5f fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _7f\"> </span>af<span class=\"_ _7\"></span>ter t<span class=\"_ _7\"></span>ax</td><td class=\"t m0 x484 h44 y1fac ff5f fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _f6\"> </span>b<span class=\"_ _7\"></span>efo<span class=\"_ _7\"></span>re ta<span class=\"_ _7\"></span>x</td></tr><tr><td></td><td class=\"t m0 x482 h43 y1fad ff64 fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _3f\"> </span>af<span class=\"_ _7\"></span>te<span class=\"_ _7\"></span>r ta<span class=\"_ _7\"></span>x</td><td class=\"t m0 x483 h43 y1fad ff64 fs28 fc2 sc0 lsf3 ws1d9\"> <span class=\"_ _7c\"> </span>before tax<span class=\"_ _304\"> </span></td><td class=\"t m0 x4fd h44 y1fad ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td><td class=\"t m0 x4fe h44 y1fad ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x41f h43 y1fae ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y1fae ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h44 y1fae ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1fae ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1e7d w261 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Strengthening o<span class=\"_ _9\"></span>f Sterling<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ff y1e7d w248 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x500 y1e7d w262 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x501 y1e7d w263 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">6<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x502 y1e7d w264 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w265 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Weak<span class=\"_ _9\"></span>ening of St<span class=\"_ _9\"></span>erling<span class=\"_ _304\"> </span></div></td><td class=\"c n x503 y1e80 w157 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>7<span class=\"_ _c\"> </span>7.<span class=\"_ _8\"></span>4<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x504 y1e80 w266 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(13<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x505 y1e80 w267 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>62.<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x506 y1e80 w268 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-430": {
   "value": "<div class=\"t m0 h4d ff68 fs7 fc3 sc0 ls38 ws41 gsb03\">(d) Credi<span class=\"_ _7\"></span>t risk<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb04\">The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s exposu<span class=\"_ _7\"></span>re t<span class=\"_ _9\"></span>o cre<span class=\"_ _7\"></span>dit ris<span class=\"_ _7\"></span>k, whic<span class=\"_ _7\"></span>h is the ris<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb05\">that a cou<span class=\"_ _7\"></span>nterpar<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y wil<span class=\"_ _7\"></span>l suf<span class=\"_ _7\"></span>fer a de<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>ioratio<span class=\"_ _7\"></span>n in actua<span class=\"_ _7\"></span>l or </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb06\">perc<span class=\"_ _7\"></span>eived fi<span class=\"_ _7\"></span>nanci<span class=\"_ _7\"></span>al stren<span class=\"_ _7\"></span>gth and be u<span class=\"_ _7\"></span>nabl<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o pay am<span class=\"_ _7\"></span>ounts <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb07\">in fu<span class=\"_ _7\"></span>ll whe<span class=\"_ _7\"></span>n due, or that for any othe<span class=\"_ _7\"></span>r reaso<span class=\"_ _7\"></span>n they rene<span class=\"_ _7\"></span>ge <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb08\">on a co<span class=\"_ _7\"></span>ntract or al<span class=\"_ _7\"></span>ter the terms of an a<span class=\"_ _7\"></span>greem<span class=\"_ _7\"></span>ent. The </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb09\">con<span class=\"_ _7\"></span>centratio<span class=\"_ _7\"></span>ns of credi<span class=\"_ _7\"></span>t risk exp<span class=\"_ _7\"></span>osure<span class=\"_ _7\"></span>s held by insu<span class=\"_ _7\"></span>rers <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb0a\">may be exp<span class=\"_ _7\"></span>ected to be greater th<span class=\"_ _7\"></span>an those a<span class=\"_ _7\"></span>ssoc<span class=\"_ _7\"></span>iated with <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb0b\">other in<span class=\"_ _7\"></span>dustri<span class=\"_ _7\"></span>es, due to the sp<span class=\"_ _7\"></span>ecific n<span class=\"_ _7\"></span>ature of reinsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb0c\">mar<span class=\"_ _7\"></span>kets and the ex<span class=\"_ _7\"></span>tent of investments h<span class=\"_ _7\"></span>eld in fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb0d\">mar<span class=\"_ _7\"></span>kets. In both markets, the Grou<span class=\"_ _7\"></span>p interacts wi<span class=\"_ _7\"></span>th a numbe<span class=\"_ _7\"></span>r </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb0e\">of counter<span class=\"_ _7\"></span>par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s who are e<span class=\"_ _7\"></span>ngage<span class=\"_ _7\"></span>d in simi<span class=\"_ _7\"></span>lar acti<span class=\"_ _7\"></span>vitie<span class=\"_ _7\"></span>s with </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb0f\">simi<span class=\"_ _7\"></span>lar cus<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>om<span class=\"_ _7\"></span>er profile<span class=\"_ _7\"></span>s, and of<span class=\"_ _7\"></span>ten in the sa<span class=\"_ _7\"></span>me ge<span class=\"_ _7\"></span>ograp<span class=\"_ _7\"></span>hica<span class=\"_ _7\"></span>l<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb10\">area<span class=\"_ _7\"></span>s and in<span class=\"_ _7\"></span>dustr<span class=\"_ _7\"></span>y se<span class=\"_ _7\"></span>ctors. Cons<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>ntly<span class=\"_ _a\"></span>, a<span class=\"_ _7\"></span>s many of thes<span class=\"_ _7\"></span>e </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsb11\">counterparties are themselves e<span class=\"_ _9\"></span>xposed to similar<span class=\"_ _9\"></span> economic </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsb12\">characteristics<span class=\"_ _9\"></span>, one single localised or macr<span class=\"_ _9\"></span>oeconomic <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb13\">cha<span class=\"_ _7\"></span>nge cou<span class=\"_ _7\"></span>ld severe<span class=\"_ _7\"></span>ly disr<span class=\"_ _7\"></span>upt the abi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y of a signifi<span class=\"_ _7\"></span>cant <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb14\">numb<span class=\"_ _7\"></span>er of cou<span class=\"_ _7\"></span>nterpar<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s to meet the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s agree<span class=\"_ _7\"></span>d </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsb15\">contract<span class=\"_ _9\"></span>ual terms and<span class=\"_ _9\"></span> obligations<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb16\">Key areas of exp<span class=\"_ _7\"></span>osure to credi<span class=\"_ _7\"></span>t risk i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsb17\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws19c gsb18\">  <span class=\"_ _a\"></span><span class=\"ff5f ls39 ws43\">reinsurance asset f<span class=\"_ _9\"></span>or incurred claims including<span class=\"_ _9\"></span> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb19\"> <span class=\"_ _c0\"> </span>am<span class=\"_ _7\"></span>ounts due f<span class=\"_ _7\"></span>rom reins<span class=\"_ _7\"></span>urers i<span class=\"_ _7\"></span>n respe<span class=\"_ _7\"></span>ct of cla<span class=\"_ _7\"></span>ims <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls84 ws96 gsb1a\"> <span class=\"_ _c0\"> </span>already pai<span class=\"_ _9\"></span>d;<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gsb1b\">A<span class=\"_ _8\"> </span><span class=\"ff68 ws19c\">  <span class=\"_ _a\"></span><span class=\"ff5f ls38 ws41\">a<span class=\"_ _7\"></span>mounts du<span class=\"_ _7\"></span>e from ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>t holde<span class=\"_ _7\"></span>rs; and<span class=\"_ _304\"> </span></span></span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsb1c\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws19c gsb1d\">  <span class=\"_ _a\"></span><span class=\"ff5f ls38 ws41\">cou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y risk w<span class=\"_ _7\"></span>ith res<span class=\"_ _7\"></span>pect to investme<span class=\"_ _7\"></span>nts, der<span class=\"_ _7\"></span>ivative </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsb1e\">transact<span class=\"_ _9\"></span>ions and catast<span class=\"_ _9\"></span>rophe bonds<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb1f\">The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s ma<span class=\"_ _7\"></span>x<span class=\"_ _7\"></span>imum exp<span class=\"_ _7\"></span>osure to credi<span class=\"_ _7\"></span>t risk is re<span class=\"_ _7\"></span>pres<span class=\"_ _7\"></span>ented </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb20\">by the car<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ying va<span class=\"_ _7\"></span>lues of fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al ass<span class=\"_ _7\"></span>ets and rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb21\">ass<span class=\"_ _7\"></span>ets inclu<span class=\"_ _7\"></span>ded in the c<span class=\"_ _7\"></span>onsol<span class=\"_ _7\"></span>idated bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet at any </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb22\">give<span class=\"_ _7\"></span>n point in tim<span class=\"_ _7\"></span>e. The Grou<span class=\"_ _7\"></span>p does n<span class=\"_ _7\"></span>ot use cred<span class=\"_ _7\"></span>it der<span class=\"_ _7\"></span>ivatives </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb23\">or other p<span class=\"_ _7\"></span>roducts to mitig<span class=\"_ _7\"></span>ate max<span class=\"_ _7\"></span>imum c<span class=\"_ _7\"></span>redit r<span class=\"_ _7\"></span>isk expo<span class=\"_ _7\"></span>sures </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb24\">on rei<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce ass<span class=\"_ _7\"></span>ets, but col<span class=\"_ _7\"></span>lateral may be re<span class=\"_ _7\"></span>que<span class=\"_ _7\"></span>sted t<span class=\"_ _9\"></span>o be </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb25\">hel<span class=\"_ _7\"></span>d agains<span class=\"_ _7\"></span>t these a<span class=\"_ _7\"></span>ssets. Th<span class=\"_ _7\"></span>e Group str<span class=\"_ _7\"></span>ucture<span class=\"_ _7\"></span>s the levels of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb26\">cred<span class=\"_ _7\"></span>it risk a<span class=\"_ _7\"></span>ccepted by pl<span class=\"_ _7\"></span>acing lim<span class=\"_ _7\"></span>its on its exp<span class=\"_ _7\"></span>osure to a singl<span class=\"_ _7\"></span>e </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb27\">cou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, o<span class=\"_ _7\"></span>r groups of co<span class=\"_ _7\"></span>unterpa<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>es, and h<span class=\"_ _7\"></span>aving reg<span class=\"_ _7\"></span>ard to<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb28\">geo<span class=\"_ _7\"></span>grap<span class=\"_ _7\"></span>hical l<span class=\"_ _7\"></span>ocatio<span class=\"_ _7\"></span>ns. Such r<span class=\"_ _7\"></span>isks are su<span class=\"_ _7\"></span>bject to an a<span class=\"_ _7\"></span>nnual o<span class=\"_ _7\"></span>r </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls18 ws4c gsb29\">more f<span class=\"_ _7\"></span>requ<span class=\"_ _7\"></span>ent revi<span class=\"_ _7\"></span>ew<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb2a\">The<span class=\"_ _7\"></span>re is no si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant con<span class=\"_ _7\"></span>centratio<span class=\"_ _7\"></span>n of credit r<span class=\"_ _7\"></span>isk wi<span class=\"_ _7\"></span>th respe<span class=\"_ _7\"></span>ct </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 wsaf gsb2b\">to trade and othe<span class=\"_ _7\"></span>r rece<span class=\"_ _7\"></span>ivable<span class=\"_ _7\"></span>s, as the Gro<span class=\"_ _7\"></span>up has a la<span class=\"_ _7\"></span>rge num<span class=\"_ _7\"></span>ber </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb2c\">of internati<span class=\"_ _7\"></span>onall<span class=\"_ _7\"></span>y dispe<span class=\"_ _7\"></span>rse<span class=\"_ _7\"></span>d debtors wi<span class=\"_ _7\"></span>th unrelated o<span class=\"_ _7\"></span>peratio<span class=\"_ _7\"></span>ns. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb2d\">Rei<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce is use<span class=\"_ _7\"></span>d to contain i<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce ris<span class=\"_ _7\"></span>k. This d<span class=\"_ _7\"></span>oes not, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb2e\">however<span class=\"_ _a\"></span>, di<span class=\"_ _7\"></span>scha<span class=\"_ _7\"></span>rge the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s liabi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y as prim<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y insu<span class=\"_ _7\"></span>rer<span class=\"_ _a\"></span>. If a </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb2f\">reins<span class=\"_ _7\"></span>urer fa<span class=\"_ _7\"></span>ils to pay a claim for a<span class=\"_ _7\"></span>ny reason, the G<span class=\"_ _7\"></span>roup rem<span class=\"_ _7\"></span>ains </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsb30\">liable for<span class=\"_ _9\"></span> the pa<span class=\"_ _9\"></span>yment to<span class=\"_ _9\"></span> the policyholder<span class=\"_ _a\"></span>. The cr<span class=\"_ _9\"></span>edit<span class=\"_ _7\"></span>worthiness </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls18 ws4c gsb31\">of reins<span class=\"_ _7\"></span>urer<span class=\"_ _7\"></span>s is therefo<span class=\"_ _7\"></span>re contin<span class=\"_ _7\"></span>uall<span class=\"_ _7\"></span>y reviewed<span class=\"_ _7\"></span> through<span class=\"_ _7\"></span>out <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 lsee wsfa gsb32\">t<span class=\"_ _8\"></span>h<span class=\"_ _8\"></span>e<span class=\"_ _8\"></span> y<span class=\"_ _8\"></span>e<span class=\"_ _8\"></span>a<span class=\"_ _2c\"></span>r.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsb33\">The Group Reinsurance Credit Committ<span class=\"_ _9\"></span>ee (RCC) assesses <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls18 ws4c gsb34\">the cre<span class=\"_ _7\"></span>dit<span class=\"_ _7\"></span>wor<span class=\"_ _7\"></span>thin<span class=\"_ _7\"></span>ess of al<span class=\"_ _7\"></span>l reins<span class=\"_ _7\"></span>urers by rev<span class=\"_ _7\"></span>iewin<span class=\"_ _7\"></span>g credi<span class=\"_ _7\"></span>t </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb35\">grad<span class=\"_ _7\"></span>es provid<span class=\"_ _7\"></span>ed by rating age<span class=\"_ _7\"></span>ncie<span class=\"_ _7\"></span>s and othe<span class=\"_ _7\"></span>r publi<span class=\"_ _7\"></span>cly availa<span class=\"_ _7\"></span>ble </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsb36\">financial inf<span class=\"_ _9\"></span>ormation detail<span class=\"_ _9\"></span>ing their financial<span class=\"_ _9\"></span> strength and<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb37\">per<span class=\"_ _7\"></span>fo<span class=\"_ _7\"></span>rman<span class=\"_ _7\"></span>ce, as well as d<span class=\"_ _7\"></span>etaile<span class=\"_ _7\"></span>d anal<span class=\"_ _7\"></span>ysis fro<span class=\"_ _7\"></span>m the Group\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb38\">ana<span class=\"_ _7\"></span>lysis tea<span class=\"_ _7\"></span>m. The fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l anal<span class=\"_ _7\"></span>ysis of reins<span class=\"_ _7\"></span>urers p<span class=\"_ _7\"></span>roduce<span class=\"_ _7\"></span>s an </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb39\">ass<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>ment categ<span class=\"_ _7\"></span>orise<span class=\"_ _7\"></span>d by factors inc<span class=\"_ _7\"></span>ludin<span class=\"_ _7\"></span>g their S&amp;<span class=\"_ _7\"></span>P rating </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsb3a\">(<span class=\"_ _9\"></span>or equivalent when no<span class=\"_ _9\"></span>t av<span class=\"_ _9\"></span>ailable from S&amp;P<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb3b\">De<span class=\"_ _7\"></span>spite the ri<span class=\"_ _7\"></span>gorous natu<span class=\"_ _7\"></span>re of this ass<span class=\"_ _7\"></span>essm<span class=\"_ _7\"></span>ent exercise, an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb3c\">the res<span class=\"_ _7\"></span>ultant re<span class=\"_ _7\"></span>stric<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed r<span class=\"_ _7\"></span>ange of rei<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce cou<span class=\"_ _7\"></span>nterpar<span class=\"_ _7\"></span>ti<span class=\"_ _7\"></span>es </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb3d\">with ac<span class=\"_ _7\"></span>cepta<span class=\"_ _7\"></span>ble stren<span class=\"_ _7\"></span>gth and c<span class=\"_ _7\"></span>redit cre<span class=\"_ _7\"></span>denti<span class=\"_ _7\"></span>als that em<span class=\"_ _7\"></span>erge<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb3e\">theref<span class=\"_ _7\"></span>rom, some de<span class=\"_ _7\"></span>gree of cre<span class=\"_ _7\"></span>dit ri<span class=\"_ _7\"></span>sk con<span class=\"_ _7\"></span>centratio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsb3f\">remains ine<span class=\"_ _9\"></span>vitable.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb40\">Whi<span class=\"_ _7\"></span>le the rating ag<span class=\"_ _7\"></span>enci<span class=\"_ _7\"></span>es provid<span class=\"_ _7\"></span>e strong an<span class=\"_ _7\"></span>alysi<span class=\"_ _7\"></span>s on the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb41\">fina<span class=\"_ _7\"></span>ncial<span class=\"_ _7\"></span>s and gover<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>e of a reinsur<span class=\"_ _7\"></span>ance se<span class=\"_ _7\"></span>cur<span class=\"_ _7\"></span>ity<span class=\"_ _9\"></span>, the RCC </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb42\">also t<span class=\"_ _7\"></span>akes acc<span class=\"_ _7\"></span>ount of qua<span class=\"_ _7\"></span>litative fac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>s. The RCC c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ers </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb43\">the rep<span class=\"_ _7\"></span>utation of its re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tners a<span class=\"_ _7\"></span>nd also re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>ves </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb44\">deta<span class=\"_ _7\"></span>ils of rece<span class=\"_ _7\"></span>nt payme<span class=\"_ _7\"></span>nt histor<span class=\"_ _7\"></span>y and the s<span class=\"_ _7\"></span>tatus of any ong<span class=\"_ _7\"></span>oing </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsb45\">negotia<span class=\"_ _9\"></span>tions between Group<span class=\"_ _9\"></span> companies and these t<span class=\"_ _9\"></span>hird<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb46\">par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s. The fin<span class=\"_ _7\"></span>al sco<span class=\"_ _7\"></span>re that a secu<span class=\"_ _7\"></span>rit<span class=\"_ _7\"></span>y rece<span class=\"_ _7\"></span>ives wi<span class=\"_ _7\"></span>ll determi<span class=\"_ _7\"></span>ne </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb47\">how muc<span class=\"_ _7\"></span>h reinsu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>redit r<span class=\"_ _7\"></span>isk His<span class=\"_ _7\"></span>cox is willin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o have <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb48\">with that s<span class=\"_ _7\"></span>ecur<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y based o<span class=\"_ _7\"></span>n the expos<span class=\"_ _7\"></span>ure guid<span class=\"_ _7\"></span>eline<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb49\">Thi<span class=\"_ _7\"></span>s informati<span class=\"_ _7\"></span>on is use<span class=\"_ _7\"></span>d to update the reinsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb4a\">purch<span class=\"_ _7\"></span>asing s<span class=\"_ _7\"></span>trategy<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb4b\">Indi<span class=\"_ _7\"></span>vidu<span class=\"_ _7\"></span>al ope<span class=\"_ _7\"></span>rating uni<span class=\"_ _7\"></span>ts mainta<span class=\"_ _7\"></span>in reco<span class=\"_ _7\"></span>rds of the payme<span class=\"_ _7\"></span>nt </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsb4c\">hist<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y for<span class=\"_ _9\"></span> significant brok<span class=\"_ _9\"></span>ers and cont<span class=\"_ _9\"></span>ract holders with whom<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsb4d\">they<span class=\"_ _9\"></span> conduct regular business.<span class=\"_ _9\"></span> The exposure t<span class=\"_ _9\"></span>o individual<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb4e\">cou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s is also m<span class=\"_ _7\"></span>anag<span class=\"_ _7\"></span>ed by other me<span class=\"_ _7\"></span>chan<span class=\"_ _7\"></span>isms, suc<span class=\"_ _7\"></span>h<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb4f\">as the r<span class=\"_ _7\"></span>ight of of<span class=\"_ _7\"></span>fset, whe<span class=\"_ _7\"></span>re counter<span class=\"_ _7\"></span>par<span class=\"_ _7\"></span>ties a<span class=\"_ _7\"></span>re both debtors </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb50\">and c<span class=\"_ _7\"></span>reditors of the G<span class=\"_ _7\"></span>roup, and obtain<span class=\"_ _7\"></span>ing col<span class=\"_ _7\"></span>lateral fro<span class=\"_ _7\"></span>m<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb51\">unrated c<span class=\"_ _7\"></span>ounterpa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ties. Ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>ment info<span class=\"_ _7\"></span>rmation re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ts deta<span class=\"_ _7\"></span>il </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb52\">provis<span class=\"_ _7\"></span>ions for im<span class=\"_ _7\"></span>pairm<span class=\"_ _7\"></span>ent on trad<span class=\"_ _7\"></span>e and other re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>vable<span class=\"_ _7\"></span>s and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3c ws45 gsb53\">subsequent write-of<span class=\"_ _7\"></span>f<span class=\"_ _9\"></span>. Exposures to individual int<span class=\"_ _9\"></span>ermedia<span class=\"_ _7\"></span>ries </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsb54\">and groups<span class=\"_ _9\"></span> of in<span class=\"_ _9\"></span>termediaries are collect<span class=\"_ _9\"></span>ed within the<span class=\"_ _9\"></span> ongoing </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsb55\">monit<span class=\"_ _9\"></span>oring of t<span class=\"_ _9\"></span>he contr<span class=\"_ _9\"></span>ols associat<span class=\"_ _9\"></span>ed with regulat<span class=\"_ _9\"></span>ory solvency<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb56\">The G<span class=\"_ _7\"></span>roup al<span class=\"_ _7\"></span>so mitigate<span class=\"_ _7\"></span>s counterp<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ty c<span class=\"_ _7\"></span>redit r<span class=\"_ _7\"></span>isk by focus<span class=\"_ _7\"></span>ing </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb57\">debt a<span class=\"_ _7\"></span>nd fixed inc<span class=\"_ _7\"></span>ome inves<span class=\"_ _7\"></span>tments in a po<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tfoli<span class=\"_ _7\"></span>o of typ<span class=\"_ _7\"></span>ical<span class=\"_ _7\"></span>ly </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsb58\">high-quality corporate and go<span class=\"_ _9\"></span>vernment bonds.<span class=\"_ _304\"> </span></div>An a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>is of the Group\u2019<span class=\"_ _9\"></span>s major exp<span class=\"_ _7\"></span>osure<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o cou<span class=\"_ _7\"></span>nterpar<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y cre<span class=\"_ _7\"></span>dit ris<span class=\"_ _7\"></span>k, ex<span class=\"_ _9\"></span>cl<span class=\"_ _7\"></span>uding trad<span class=\"_ _7\"></span>e and other re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>vable<span class=\"_ _7\"></span>s, and equ<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>nd units i<span class=\"_ _7\"></span>n unit tr<span class=\"_ _7\"></span>usts, base<span class=\"_ _7\"></span>d on S&amp;P or e<span class=\"_ _7\"></span>quiva<span class=\"_ _7\"></span>lent ratin<span class=\"_ _7\"></span>g, is prese<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed b<span class=\"_ _7\"></span>elow:<span class=\"_ _304\"> </span>As at 31 Dece<span class=\"_ _7\"></span>mber 20<span class=\"_ _7\"></span>23<span class=\"_ _16b\"> </span><span class=\"ff5f fs28 ls14d ws1f8\">N<span class=\"_ _7\"></span>ote<span class=\"_ _304\"> </span></span><table class=\"s w1c5 ha8\" id=\"_85529e30-e27c-4908-967b-8e8c9ae600b8\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x418 h43 y1f7b ff64 fs28 fc2 sc0 ls16e ws22f\">O<span class=\"_ _7\"></span>the<span class=\"_ _7\"></span>r/<span class=\"_ _304\"> </span></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x419 h43 y1f7c ff64 fs28 fc2 sc0 ls16d ws22e\">AAA<span class=\"_ _304\"> </span></td><td class=\"t m0 x41a h43 y1f7c ff64 fs28 fc2 sc0 ls8 ws4\">A<span class=\"_ _7\"></span>A </td><td class=\"t m0 x41b h43 y1f7c ff64 fs28 fc2 sc0 ls8 ws4\">A<span class=\"_ _304\"> </span></td><td class=\"t m0 x1e7 h43 y1f7c ff64 fs28 fc2 sc0 ls7c ws98\">BBB<span class=\"_ _304\"> </span></td><td class=\"t m0 x41c h43 y1f7c ff64 fs28 fc2 sc0 lse6 ws12d\">non-rated </td><td class=\"t m0 x1b1 h43 y1f7c ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x41d h43 y1f7d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41e h43 y1f7d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h43 y1f7d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y1f7d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h43 y1f7d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y1f7d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f7e w1c6 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x421 y1f7f w1c7 h8f\"><div class=\"t m0 x1b6 he y1e4c ff5f fs28 fc2 sc0 lsd1 wsf8\">14<span class=\"_ _304\"> </span></div></td><td class=\"c n x422 y1f7e w1c8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">8<span class=\"_ _c\"> </span>4<span class=\"_ _7\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n x423 y1f7e w1c9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,7<span class=\"_ _7\"></span>51.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x424 y1f7e w1ca h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,7<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x425 y1f7e w17 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x426 y1f7e w1cb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">4<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x427 y1f7e w1cc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y1f80 ff5f fs7 fc2 sc0 ls3b ws44\">Reinsurance cont<span class=\"_ _9\"></span>ract held asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></td><td class=\"c n x428 y1f82 w1cd h91\"><div class=\"t m0 x1b6 h25 y1f81 ff5f fs28 fc2 sc0 lsa1 wsba\">20<span class=\"_ _304\"> </span></div></td><td class=\"c n x429 y1ed8 w1ce h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls15d ws211\">524<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x42a y1ed8 w1cf h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x42b y1ed8 wfa h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls78 ws122\">525.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x42c y1ed8 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x42d y1ed8 we9 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb5 wsd2\">9.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x42e y1ed8 w95 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2,0<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w170 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3d wsf4\">T<span class=\"_ _a\"></span>otal<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x42f y1e80 w1d0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x430 y1e80 w1d1 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>,79<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x431 y1e80 w1d2 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">2,2<span class=\"_ _9\"></span>46.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x432 y1e80 w16f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x433 y1e80 w1d3 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls16f ws230\">413<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x434 y1e80 w1d4 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr></table>As at 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2022 (restated)*<span class=\"_ _1d5\"> </span><span class=\"fs28 ls14d ws1f8\">Note</span><table class=\"s w1d5 ha9\" id=\"_2acd003d-bae3-43f0-878f-f55c1a058f51\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x1b2 h44 y1f83 ff5f fs28 fc2 sc0 ls171 ws232\"> O<span class=\"_ _7\"></span>th<span class=\"_ _7\"></span>e<span class=\"_ _7\"></span>r/<span class=\"ls8 ws4\"> </span></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x435 h44 y1f84 ff5f fs28 fc2 sc0 ls170 ws231\">AAA<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x41a h44 y1f84 ff5f fs28 fc2 sc0 ls8 ws4\">A<span class=\"_ _7\"></span>A </td><td class=\"t m0 x41b h44 y1f84 ff5f fs28 fc2 sc0 ls8 ws4\">A<span class=\"_ _304\"> </span></td><td class=\"t m0 x1e7 h44 y1f84 ff5f fs28 fc2 sc0 ls10a ws15c\">BBB</td><td class=\"t m0 x1b2 h44 y1f84 ff5f fs28 fc2 sc0 ls172 ws233\"> non-rated </td><td class=\"t m0 x1b1 h44 y1f84 ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x41d h44 y1f85 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x41e h44 y1f85 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h44 y1f85 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h44 y1f85 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h44 y1f85 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f85 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w1c6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x421 y1f87 w1c7 h91\"><div class=\"t m0 x1b6 he y1e4c ff5f fs28 fc2 sc0 lsd1 wsf8\">14<span class=\"_ _304\"> </span></div></td><td class=\"c n x436 y1f86 w150 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">5<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x437 y1f86 w1d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws11a\">1,<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x438 y1f86 w1d7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x439 y1f86 w1d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">1<span class=\"_ _9\"></span>,4<span class=\"_ _7\"></span>49.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x43a y1f86 w1d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">39<span class=\"_ _7\"></span>9.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x43b y1f86 wb4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y1f88 ff5f fs7 fc2 sc0 ls3b ws44\">Reinsurance cont<span class=\"_ _9\"></span>ract held asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></td><td class=\"c n x428 y1f89 w1cd h91\"><div class=\"t m0 x1b6 he y1e4c ff5f fs28 fc2 sc0 lsa1 wsba\">20<span class=\"_ _304\"> </span></div></td><td class=\"c n x43c y1ed8 w1da h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>9<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x43d y1ed8 w1d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">68<span class=\"_ _7\"></span>9.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x43e y1ed8 w1db h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">715<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x43f y1ed8 w110 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x440 y1ed8 w1dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x441 y1ed8 w1dd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x442 y1e80 w1de h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>9<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x443 y1e80 w1df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">2<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x444 y1e80 w1e0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">4<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x445 y1e80 w1e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2,<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x446 y1e80 w13f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x447 y1e80 w1e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsee ws13a\">414<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x448 y1e80 w1e3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _c\"> </span>9<span class=\"_ _2c\"></span>4<span class=\"_ _c\"> </span>3<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td></tr></table>*Re<span class=\"_ _7\"></span>sta<span class=\"_ _7\"></span>ted for th<span class=\"_ _7\"></span>e ado<span class=\"_ _7\"></span>ption o<span class=\"_ _7\"></span>f IFRS 1<span class=\"_ _9\"></span>7<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>With<span class=\"_ _7\"></span>in the debt a<span class=\"_ _7\"></span>nd fixed inc<span class=\"_ _7\"></span>ome ho<span class=\"_ _7\"></span>ldings, w<span class=\"_ _7\"></span>hich in<span class=\"_ _7\"></span>clude d<span class=\"_ _7\"></span>ebt sec<span class=\"_ _7\"></span>uritie<span class=\"_ _7\"></span>s, depo<span class=\"_ _7\"></span>sits with c<span class=\"_ _7\"></span>redit in<span class=\"_ _7\"></span>stitutio<span class=\"_ _7\"></span>ns, credit f<span class=\"_ _7\"></span>unds a<span class=\"_ _7\"></span>nd cas<span class=\"_ _7\"></span>h<span class=\"_ _9\"></span> equ<span class=\"_ _7\"></span>ivale<span class=\"_ _7\"></span>nt assets, the<span class=\"_ _7\"></span>re are expos<span class=\"_ _7\"></span>ures to a rang<span class=\"_ _7\"></span>e of governm<span class=\"_ _7\"></span>ent bor<span class=\"_ _7\"></span>rowers, on ei<span class=\"_ _7\"></span>ther a dire<span class=\"_ _7\"></span>ct or gu<span class=\"_ _7\"></span>arantee<span class=\"_ _7\"></span>d basis, an<span class=\"_ _7\"></span>d bank<span class=\"_ _7\"></span>ing institu<span class=\"_ _7\"></span>tions. Th<span class=\"_ _7\"></span>e Group, t<span class=\"_ _9\"></span>og<span class=\"_ _7\"></span>ether wi<span class=\"_ _7\"></span>th its investme<span class=\"_ _7\"></span>nt mana<span class=\"_ _7\"></span>gers, cl<span class=\"_ _7\"></span>osel<span class=\"_ _7\"></span>y manag<span class=\"_ _7\"></span>es its ge<span class=\"_ _7\"></span>ogra<span class=\"_ _7\"></span>phic<span class=\"_ _7\"></span>al expos<span class=\"_ _7\"></span>ures acro<span class=\"_ _7\"></span>ss govern<span class=\"_ _7\"></span>ment issu<span class=\"_ _7\"></span>ed an<span class=\"_ _7\"></span>d suppo<span class=\"_ _7\"></span>rted d<span class=\"_ _7\"></span>ebt.<span class=\"_ _304\"> </span>The l<span class=\"_ _7\"></span>arge<span class=\"_ _7\"></span>st aggre<span class=\"_ _7\"></span>gated counter<span class=\"_ _7\"></span>par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y exposu<span class=\"_ _7\"></span>re related to debt an<span class=\"_ _7\"></span>d fixed inco<span class=\"_ _7\"></span>me hold<span class=\"_ _7\"></span>ings at 31 Dece<span class=\"_ _7\"></span>mber 2023 of $994 m<span class=\"_ _7\"></span>illion i<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> to the US T<span class=\"_ _a\"></span>rea<span class=\"_ _7\"></span>sur<span class=\"_ _7\"></span>y (2022<span class=\"_ _9\"></span>: $82<span class=\"_ _9\"></span>7 mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup is exp<span class=\"_ _7\"></span>osed to con<span class=\"_ _7\"></span>centratio<span class=\"_ _7\"></span>ns of risk w<span class=\"_ _7\"></span>ith indi<span class=\"_ _7\"></span>vidua<span class=\"_ _7\"></span>l reinsu<span class=\"_ _7\"></span>rers d<span class=\"_ _7\"></span>ue to the nature of the rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce mar<span class=\"_ _7\"></span>ket and the restr<span class=\"_ _7\"></span>icted ran<span class=\"_ _7\"></span>ge of reinsu<span class=\"_ _7\"></span>rers that h<span class=\"_ _7\"></span>ave accepta<span class=\"_ _7\"></span>ble cre<span class=\"_ _7\"></span>dit rating<span class=\"_ _7\"></span>s. The la<span class=\"_ _7\"></span>rgest c<span class=\"_ _7\"></span>ounterpa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty exp<span class=\"_ _7\"></span>osure in<span class=\"_ _7\"></span>clude<span class=\"_ _7\"></span>d in reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e ass<span class=\"_ _7\"></span>ets at 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 202<span class=\"_ _9\"></span>3 is to Mun<span class=\"_ _7\"></span>ich Rei<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce Com<span class=\"_ _7\"></span>pany (2022<span class=\"_ _9\"></span>: Blue Jay Re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce)<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>e recovera<span class=\"_ _7\"></span>ble am<span class=\"_ _7\"></span>ount from Mun<span class=\"_ _7\"></span>ich Rei<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce Com<span class=\"_ _7\"></span>pany repre<span class=\"_ _7\"></span>sents 1<span class=\"_ _a\"></span>7% (202<span class=\"_ _9\"></span>2: Blue Jay Rei<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce 26%<span class=\"_ _9\"></span>) o<span class=\"_ _9\"></span>f this c<span class=\"_ _7\"></span>ategor<span class=\"_ _7\"></span>y of as<span class=\"_ _7\"></span>sets.<span class=\"_ _304\"> </span>For the cu<span class=\"_ _7\"></span>rrent pe<span class=\"_ _7\"></span>rio<span class=\"_ _7\"></span>d and pr<span class=\"_ _7\"></span>ior per<span class=\"_ _7\"></span>iod, the Gro<span class=\"_ _7\"></span>up did not exp<span class=\"_ _7\"></span>erie<span class=\"_ _7\"></span>nce a<span class=\"_ _7\"></span>ny material d<span class=\"_ _7\"></span>efaults o<span class=\"_ _7\"></span>n debt se<span class=\"_ _7\"></span>curiti<span class=\"_ _7\"></span>es. The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s <span class=\"ls8 ws4\"> </span>A<span class=\"_ _7\"></span>A<span class=\"_ _7\"></span>A-rated re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce as<span class=\"_ _7\"></span>sets incl<span class=\"_ _7\"></span>ude fu<span class=\"_ _7\"></span>lly col<span class=\"_ _7\"></span>lateralis<span class=\"_ _7\"></span>ed posi<span class=\"_ _7\"></span>tions at 31 Dece<span class=\"_ _7\"></span>mber 2023 and 2022<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-431": {
   "value": "<div class=\"t m0 h4d ff68 fs7 fc3 sc0 ls3d ws46 gsb6e\">(<span class=\"_ _9\"></span>e) Liq<span class=\"_ _9\"></span>uidity risk </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb6f\">The G<span class=\"_ _7\"></span>roup is exp<span class=\"_ _7\"></span>osed to dai<span class=\"_ _7\"></span>ly cal<span class=\"_ _7\"></span>ls on its availa<span class=\"_ _7\"></span>ble ca<span class=\"_ _7\"></span>sh reso<span class=\"_ _7\"></span>urces, ma<span class=\"_ _7\"></span>inly f<span class=\"_ _7\"></span>rom cla<span class=\"_ _7\"></span>ims ari<span class=\"_ _7\"></span>sing fro<span class=\"_ _7\"></span>m insura<span class=\"_ _7\"></span>nce an<span class=\"_ _7\"></span>d reinsu<span class=\"_ _7\"></span>rance </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb70\">contra<span class=\"_ _7\"></span>cts. Liqu<span class=\"_ _7\"></span>idit<span class=\"_ _7\"></span>y risk i<span class=\"_ _7\"></span>s the risk th<span class=\"_ _7\"></span>at cash m<span class=\"_ _7\"></span>ay not be availab<span class=\"_ _7\"></span>le to pay obligati<span class=\"_ _7\"></span>ons whe<span class=\"_ _7\"></span>n due at a rea<span class=\"_ _7\"></span>sona<span class=\"_ _7\"></span>ble cos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>. T<span class=\"_ _7\"></span>he Board </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb71\">sets lim<span class=\"_ _7\"></span>its on the min<span class=\"_ _7\"></span>imum leve<span class=\"_ _7\"></span>l of cash a<span class=\"_ _7\"></span>nd maturi<span class=\"_ _7\"></span>ng fun<span class=\"_ _7\"></span>ds availab<span class=\"_ _7\"></span>le to meet suc<span class=\"_ _7\"></span>h call<span class=\"_ _7\"></span>s and on the m<span class=\"_ _7\"></span>inimu<span class=\"_ _7\"></span>m level of borrow<span class=\"_ _7\"></span>ing </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb72\">facil<span class=\"_ _7\"></span>ities that s<span class=\"_ _7\"></span>hould b<span class=\"_ _7\"></span>e in plac<span class=\"_ _7\"></span>e to cover unexpe<span class=\"_ _7\"></span>cted levels of c<span class=\"_ _7\"></span>laims a<span class=\"_ _7\"></span>nd other c<span class=\"_ _7\"></span>ash de<span class=\"_ _7\"></span>mands.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb73\">A sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt propor<span class=\"_ _7\"></span>ti<span class=\"_ _7\"></span>on of the Group\u2019<span class=\"_ _9\"></span>s investments is i<span class=\"_ _7\"></span>n highl<span class=\"_ _7\"></span>y liqui<span class=\"_ _7\"></span>d assets w<span class=\"_ _7\"></span>hich co<span class=\"_ _7\"></span>uld be co<span class=\"_ _7\"></span>nver<span class=\"_ _7\"></span>ted to cash in a pro<span class=\"_ _7\"></span>mpt fashi<span class=\"_ _7\"></span>on </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb74\">and at m<span class=\"_ _7\"></span>inima<span class=\"_ _7\"></span>l expens<span class=\"_ _7\"></span>e. The Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s exposure to eq<span class=\"_ _7\"></span>uities i<span class=\"_ _7\"></span>s conc<span class=\"_ _7\"></span>entrated on sh<span class=\"_ _7\"></span>ares a<span class=\"_ _7\"></span>nd fund<span class=\"_ _7\"></span>s that are trade<span class=\"_ _7\"></span>d on intern<span class=\"_ _7\"></span>ational<span class=\"_ _7\"></span>ly </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3d ws46 gsb75\">recognised s<span class=\"_ _9\"></span>tock e<span class=\"_ _9\"></span>xchanges<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb76\">The m<span class=\"_ _7\"></span>ain focu<span class=\"_ _7\"></span>s of the investme<span class=\"_ _7\"></span>nt por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio is on h<span class=\"_ _7\"></span>igh-q<span class=\"_ _7\"></span>ualit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>, shor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-d<span class=\"_ _7\"></span>uration de<span class=\"_ _7\"></span>bt and fixed i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>ecur<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>nd cas<span class=\"_ _7\"></span>h. There </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb77\">are no s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant ho<span class=\"_ _7\"></span>ldings of inve<span class=\"_ _7\"></span>stments wi<span class=\"_ _7\"></span>th spe<span class=\"_ _7\"></span>cific rep<span class=\"_ _7\"></span>ricin<span class=\"_ _7\"></span>g dates. Notw<span class=\"_ _7\"></span>ithsta<span class=\"_ _7\"></span>nding the re<span class=\"_ _7\"></span>gula<span class=\"_ _7\"></span>r interest re<span class=\"_ _7\"></span>ceipts an<span class=\"_ _7\"></span>d also </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb78\">the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s abili<span class=\"_ _7\"></span>ty to liqu<span class=\"_ _7\"></span>idate these se<span class=\"_ _7\"></span>cur<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>nd the maj<span class=\"_ _7\"></span>orit<span class=\"_ _7\"></span>y of its other fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al instr<span class=\"_ _7\"></span>ument a<span class=\"_ _7\"></span>ssets for c<span class=\"_ _7\"></span>ash in a pro<span class=\"_ _7\"></span>mpt and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb79\">reas<span class=\"_ _7\"></span>onab<span class=\"_ _7\"></span>le mann<span class=\"_ _7\"></span>er<span class=\"_ _a\"></span>, the c<span class=\"_ _7\"></span>ontractu<span class=\"_ _7\"></span>al matur<span class=\"_ _7\"></span>ity p<span class=\"_ _7\"></span>rofile of the fair va<span class=\"_ _7\"></span>lue of thes<span class=\"_ _7\"></span>e secu<span class=\"_ _7\"></span>ritie<span class=\"_ _7\"></span>s at 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r is as foll<span class=\"_ _7\"></span>ows.<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gsb7a\">As at 31 Dece<span class=\"_ _7\"></span>mber 20<span class=\"_ _7\"></span>23</div><div class=\"gsb7b\"><table class=\"s w1e4 haa\" id=\"_c172372c-6624-44cf-a266-e92ad1a87b27\"><tr><td></td><td class=\"t m0 x449 h43 y1f8a ff64 fs28 fc2 sc0 lsf0 ws234\"> Within<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x44a h43 y1f8a ff64 fs28 fc2 sc0 ls8 ws1d7\"> <span class=\"_ _6\"> </span>B<span class=\"_ _7\"></span>et<span class=\"_ _7\"></span>we<span class=\"_ _7\"></span>en<span class=\"_ _7\"></span> on<span class=\"_ _7\"></span>e <span class=\"_ _9\"></span><span class=\"ws4\"> </span></td><td class=\"t m0 x44b h43 y1f8a ff64 fs28 fc2 sc0 lsd2 ws235\"> <span class=\"_ _6\"> </span>Be<span class=\"_ _7\"></span>twee<span class=\"_ _7\"></span>n two<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x44c h43 y1f8a ff64 fs28 fc2 sc0 ls173 wsfc\">Between<span class=\"_ _9\"></span> three<span class=\"_ _9\"></span> </td><td class=\"t m0 x44d h43 y1f8a ff64 fs28 fc2 sc0 lse4 ws15d\"> Be<span class=\"_ _7\"></span>twe<span class=\"_ _7\"></span>en fou<span class=\"_ _7\"></span>r</td><td class=\"t m0 x44e h43 y1f8a ff64 fs28 fc2 sc0 ls143 ws236\"> Over<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x44f h43 y1f8a ff64 fs28 fc2 sc0 ls9f ws21e\"> 2023<span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x449 h43 y1f8b ff64 fs28 fc2 sc0 ls145 ws1dc\"> <span class=\"_ _31\"> </span>one year</td><td class=\"t m0 x44a h43 y1f8b ff64 fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _89\"> </span>and t<span class=\"_ _7\"></span>wo ye<span class=\"_ _7\"></span>ars</td><td class=\"t m0 x44b h43 y1f8b ff64 fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _17c\"> </span>a<span class=\"_ _7\"></span>nd thr<span class=\"_ _7\"></span>ee ye<span class=\"_ _7\"></span>ars<span class=\"_ _304\"> </span></td><td class=\"t m0 x450 h43 y1f8b ff64 fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d four ye<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x44d h43 y1f8b ff64 fs28 fc2 sc0 ls145 ws1dc\">and fiv<span class=\"_ _9\"></span>e years</td><td class=\"t m0 x44e h43 y1f8b ff64 fs28 fc2 sc0 ls145 ws1dc\"> <span class=\"_ _35\"> </span>five y<span class=\"_ _9\"></span>ears</td><td class=\"t m0 x44f h43 y1f8b ff64 fs28 fc2 sc0 lsf3 ws237\"> total<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3d4 h43 y1f8c ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d5 h43 y1f8c ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d6 h43 y1f8c ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d7 h43 y1f8c ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h43 y1f8c ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h43 y1f8c ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y1f8c ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f7e w1c6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x451 y1f7e w1e5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x452 y1f7e w1e6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x453 y1f7e w1e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">1<span class=\"_ _a\"></span>,489.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x454 y1f7e w1e8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">6<span class=\"_ _7\"></span>59.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x455 y1f7e w15c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">3<span class=\"_ _7\"></span>66<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x456 y1f7e w1e9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6<span class=\"_ _7\"></span>34.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x457 y1f7e w1cc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333<span class=\"_ _9\"></span>.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f8d w16c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Cash and<span class=\"_ _9\"></span> cash equivalen<span class=\"_ _9\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n x2c7 y1f8d w1ea h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x458 y1f8d w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x459 y1f8d w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x45a y1f8d w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x45b y1f8d w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x45c y1f8d w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x45d y1f8d w1eb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">1,<span class=\"_ _2c\"> </span>4<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w170 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3d wsf4\">T<span class=\"_ _a\"></span>otal<span class=\"_ _304\"> </span></div></td><td class=\"c n x45e y1e80 w1ec h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">3<span class=\"_ _7\"></span>,0<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>2.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x45f y1e80 w1ed h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x460 y1e80 w1ee h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">1<span class=\"_ _9\"></span>,489.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x461 y1e80 w1e8 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb5 wsd2\">659.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x462 y1e80 w1e9 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">36<span class=\"_ _7\"></span>6.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x463 y1e80 w1e9 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">63<span class=\"_ _7\"></span>4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x23a y1e80 w97 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsab wsc8\">7,<span class=\"_ _8\"></span>7<span class=\"_ _2c\"></span>7<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>6<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"gsb7c\"><table class=\"s w1ef ha9\" id=\"_011cefdf-652c-4ecf-9148-97a200f18ee5\"><tr><td></td><td class=\"t m0 x203 he y1f8e ff5f fs7 fc2 sc0 ls38 ws41\">As at 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2022 (restated)*<span class=\"_ _136\"> </span><span class=\"fs28 ls8 ws238\"> W<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>hi<span class=\"_ _7\"></span>n <span class=\"_ _1d9\"></span><span class=\"ws4\"> </span></span></td><td class=\"t m0 x44a h44 y1f8e ff5f fs28 fc2 sc0 ls10a ws15e\"> <span class=\"_ _85\"> </span>Between one<span class=\"_ _9\"></span> <span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></td><td></td><td class=\"t m0 x44b h44 y1f8e ff5f fs28 fc2 sc0 lsa ws175\"> <span class=\"_ _85\"> </span>Between tw<span class=\"_ _9\"></span>o<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x450 h44 y1f8e ff5f fs28 fc2 sc0 lsa ws175\">Between<span class=\"_ _9\"></span> three<span class=\"_ _9\"></span> </td><td class=\"t m0 x1fa h44 y1f8e ff5f fs28 fc2 sc0 lsd0 ws239\"> Betwe<span class=\"_ _7\"></span>en four</td><td class=\"t m0 x44e h44 y1f8e ff5f fs28 fc2 sc0 ls76 ws23a\"> Over<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x44f h44 y1f8e ff5f fs28 fc2 sc0 lsa1 ws23b\"> 2022<span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x449 h44 y1f8f ff5f fs28 fc2 sc0 ls10a ws15e\"> <span class=\"_ _132\"> </span>one y<span class=\"_ _9\"></span>ear</td><td class=\"t m0 x44a h44 y1f8f ff5f fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _2a\"> </span>a<span class=\"_ _7\"></span>nd tw<span class=\"_ _7\"></span>o year<span class=\"_ _7\"></span>s</td><td></td><td class=\"t m0 x44b h44 y1f8f ff5f fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _1\"> </span>a<span class=\"_ _7\"></span>nd th<span class=\"_ _7\"></span>ree ye<span class=\"_ _7\"></span>ars<span class=\"_ _304\"> </span></td><td class=\"t m0 x464 h44 y1f8f ff5f fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d four y<span class=\"_ _7\"></span>ear<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fa h44 y1f8f ff5f fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d fiv<span class=\"_ _7\"></span>e year<span class=\"_ _7\"></span>s</td><td class=\"t m0 x44e h44 y1f8f ff5f fs28 fc2 sc0 ls76 ws161\"> <span class=\"_ _40\"> </span>fi<span class=\"_ _7\"></span>ve years</td><td class=\"t m0 x44f h44 y1f8f ff5f fs28 fc2 sc0 lsf2 ws23c\"> tota<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3d4 h44 y1f90 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d5 h44 y1f90 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x3d6 h44 y1f90 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d7 h44 y1f90 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h44 y1f90 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h44 y1f90 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y1f90 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w1c6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x451 y1f86 w1f0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x465 y1f86 w1f1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>19<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x466 y1f86 w1f2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>2<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x467 y1f86 w1f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x468 y1f86 w1f4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">49<span class=\"_ _7\"></span>5.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x469 y1f86 w1f5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2<span class=\"_ _7\"></span>72.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x46a y1f86 w1f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _c\"> </span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x46b y1f86 wb4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w16c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Cash and<span class=\"_ _9\"></span> cash equivalen<span class=\"_ _9\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n x46c y1ed8 w1f0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x46d y1ed8 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x46e y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x46f y1ed8 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x470 y1ed8 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x471 y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x472 y1ed8 w1f7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x473 y1e80 w1f8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2,7<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x474 y1e80 w1f9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>51<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x475 y1e80 w1fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1,<span class=\"_ _c\"> </span>2<span class=\"_ _8\"></span>9<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x461 y1e80 wfa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">4<span class=\"_ _7\"></span>95.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x476 y1e80 w1fb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2<span class=\"_ _7\"></span>72<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x477 y1e80 w1fc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _c\"> </span>8<span class=\"_ _8\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x478 y1e80 w1fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws11c\">6,777<span class=\"_ _e\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 h5 ff5f fs2 fc2 sc0 lsc wsc gsb7d\">*Re<span class=\"_ _7\"></span>sta<span class=\"_ _7\"></span>ted for th<span class=\"_ _7\"></span>e ado<span class=\"_ _7\"></span>ption o<span class=\"_ _7\"></span>f IFRS 1<span class=\"_ _9\"></span>7<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsb7e\">The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s equities, equity funds,<span class=\"_ _9\"></span> hedge funds and credit funds<span class=\"_ _9\"></span> and other<span class=\"_ _9\"></span> non-dat<span class=\"_ _9\"></span>ed instruments<span class=\"_ _9\"></span> have<span class=\"_ _9\"></span> no contract<span class=\"_ _9\"></span>ual maturity </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb7f\">terms b<span class=\"_ _7\"></span>ut predo<span class=\"_ _7\"></span>mina<span class=\"_ _7\"></span>ntly coul<span class=\"_ _7\"></span>d be liqu<span class=\"_ _7\"></span>idated in an o<span class=\"_ _7\"></span>rderl<span class=\"_ _7\"></span>y mann<span class=\"_ _7\"></span>er for ca<span class=\"_ _7\"></span>sh in a prom<span class=\"_ _7\"></span>pt and rea<span class=\"_ _7\"></span>sonab<span class=\"_ _7\"></span>le timef<span class=\"_ _7\"></span>rame wi<span class=\"_ _7\"></span>thin one ye<span class=\"_ _7\"></span>ar </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb80\">of the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet date.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb81\">The ava<span class=\"_ _7\"></span>ilabl<span class=\"_ _7\"></span>e headro<span class=\"_ _7\"></span>om of work<span class=\"_ _7\"></span>ing cap<span class=\"_ _7\"></span>ital is m<span class=\"_ _7\"></span>onitored thro<span class=\"_ _7\"></span>ugh the us<span class=\"_ _7\"></span>e of a detail<span class=\"_ _7\"></span>ed Group c<span class=\"_ _7\"></span>ash flow fore<span class=\"_ _7\"></span>cast w<span class=\"_ _7\"></span>hich i<span class=\"_ _7\"></span>s reviewed </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsb82\">by mana<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt monthl<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, or m<span class=\"_ _7\"></span>ore freq<span class=\"_ _7\"></span>uently a<span class=\"_ _7\"></span>s require<span class=\"_ _7\"></span>d.<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gsb83\">Av<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>age cont<span class=\"_ _7\"></span>ractua<span class=\"_ _7\"></span>l maturi<span class=\"_ _7\"></span>ty an<span class=\"_ _7\"></span>alyse<span class=\"_ _7\"></span>d by denomin<span class=\"_ _7\"></span>ational c<span class=\"_ _7\"></span>urre<span class=\"_ _7\"></span>ncy of investment<span class=\"_ _7\"></span>s as at 31 Decem<span class=\"_ _7\"></span>ber</div><div class=\"gsb84\"><table class=\"s w1fe hab\" id=\"_a78f838d-acf1-4976-8edc-74398e1ad526\"><tr><td></td><td class=\"t m0 x44e h43 y1f91 ff64 fs28 fc2 sc0 ls9f ws21e\"> 2023<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x44f h44 y1f91 ff5f fs28 fc2 sc0 lsa1 ws23b\"> 2022<span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x44e h43 y1f92 ff64 fs28 fc2 sc0 ls145 ws1dc\"> <span class=\"_ _7e\"> </span>in years</td><td class=\"t m0 x44f h44 y1f92 ff5f fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _a1\"> </span>in ye<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f41 w1ff h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">US Dollar<span class=\"_ _304\"> </span></div></td><td class=\"c n x479 y1f41 w188 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.03<span class=\"_ _304\"> </span></div></td><td class=\"c n x47a y1f41 wbb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">3<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f42 w200 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">Ste<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>li<span class=\"_ _7\"></span>ng<span class=\"_ _304\"> </span></div></td><td class=\"c n x47b y1f42 w201 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x47c y1f42 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.6<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f61 w202 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls83 ws11d\">Euro<span class=\"_ _304\"> </span></div></td><td class=\"c n x315 y1f61 w203 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">2.55<span class=\"_ _304\"> </span></div></td><td class=\"c n x47d y1f61 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.6<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w204 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3e ws47\">Canadi<span class=\"_ _9\"></span>an Dollar<span class=\"_ _304\"> </span></div></td><td class=\"c n x47e y1e80 w17b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.5<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x47f y1e80 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.4<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr></table></div>The fo<span class=\"_ _7\"></span>llowing i<span class=\"_ _7\"></span>s an ana<span class=\"_ _7\"></span>lysis by lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y t<span class=\"_ _7\"></span>ype of the e<span class=\"_ _7\"></span>stimated timi<span class=\"_ _7\"></span>ng of net cas<span class=\"_ _7\"></span>h flows base<span class=\"_ _7\"></span>d on the lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y for inc<span class=\"_ _7\"></span>urred c<span class=\"_ _7\"></span>laim<span class=\"_ _7\"></span>s. The estim<span class=\"_ _7\"></span>ated phasi<span class=\"_ _7\"></span>ng of settl<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt is base<span class=\"_ _7\"></span>d on cur<span class=\"_ _7\"></span>rent estim<span class=\"_ _7\"></span>ates and his<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>ical tre<span class=\"_ _7\"></span>nds an<span class=\"_ _7\"></span>d the actua<span class=\"_ _7\"></span>l timing of fu<span class=\"_ _7\"></span>ture set<span class=\"_ _7\"></span>tleme<span class=\"_ _7\"></span>nt cas<span class=\"_ _7\"></span>h<span class=\"_ _9\"></span> flows may dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>r materia<span class=\"_ _7\"></span>lly fro<span class=\"_ _7\"></span>m the discl<span class=\"_ _7\"></span>osure be<span class=\"_ _7\"></span>low<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Estim<span class=\"_ _7\"></span>ated profile of n<span class=\"_ _7\"></span>et undisc<span class=\"_ _7\"></span>ounted lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y for incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims on ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e sheet<span class=\"_ _304\"> </span>As at 31 Dece<span class=\"_ _7\"></span>mber 20<span class=\"_ _7\"></span>23<table class=\"s w205 hac\" id=\"_79964813-e2e7-455d-9f01-8686ceddc21c\"><tr><td></td><td class=\"t m0 x402 h43 y1f93 ff64 fs28 fc2 sc0 lsf0 ws234\"> Within<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x480 h43 y1f93 ff64 fs28 fc2 sc0 ls8 ws1d7\"> <span class=\"_ _6\"> </span>B<span class=\"_ _7\"></span>et<span class=\"_ _7\"></span>we<span class=\"_ _7\"></span>en<span class=\"_ _7\"></span> on<span class=\"_ _7\"></span>e </td><td class=\"t m0 x481 h43 y1f93 ff64 fs28 fc2 sc0 lsd2 ws235\"> <span class=\"_ _6\"> </span>Be<span class=\"_ _7\"></span>twee<span class=\"_ _7\"></span>n two </td><td class=\"t m0 x482 h43 y1f93 ff64 fs28 fc2 sc0 ls173 wsfc\"> <span class=\"_ _3\"> </span>Between<span class=\"_ _9\"></span> three<span class=\"_ _9\"></span> </td><td class=\"t m0 x483 h43 y1f93 ff64 fs28 fc2 sc0 ls8 ws1d7\"> <span class=\"_ _128\"> </span>Be<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>we<span class=\"_ _7\"></span>en<span class=\"_ _7\"></span> fou<span class=\"_ _7\"></span>r </td><td class=\"t m0 x1b2 h43 y1f93 ff64 fs28 fc2 sc0 ls143 ws236\"> Over<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x484 h43 y1f93 ff64 fs28 fc2 sc0 ls9f ws21e\"> 2023<span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x402 h43 y1f94 ff64 fs28 fc2 sc0 ls145 ws1dc\"> <span class=\"_ _31\"> </span>one year<span class=\"_ _304\"> </span></td><td class=\"t m0 x390 h43 y1f94 ff64 fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d two ye<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x361 h43 y1f94 ff64 fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d thre<span class=\"_ _7\"></span>e yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></td><td class=\"t m0 x271 h43 y1f94 ff64 fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d four ye<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x485 h43 y1f94 ff64 fs28 fc2 sc0 ls145 ws1dc\">and fiv<span class=\"_ _9\"></span>e years</td><td class=\"t m0 x1b2 h43 y1f94 ff64 fs28 fc2 sc0 ls145 ws1dc\"> <span class=\"_ _35\"> </span>five y<span class=\"_ _9\"></span>ears</td><td class=\"t m0 x484 h43 y1f94 ff64 fs28 fc2 sc0 lsf3 ws237\"> total<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x486 h43 y1f95 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41d h43 y1f95 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41e h43 y1f95 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h43 y1f95 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y1f95 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h43 y1f95 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y1f95 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1e80 w170 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3d wsf4\">T<span class=\"_ _a\"></span>otal<span class=\"_ _304\"> </span></div></td><td class=\"c n x487 y1e80 w206 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x488 y1e80 w207 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls75 ws11a\">1<span class=\"_ _9\"></span>,042.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x489 y1e80 w208 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">55<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x48a y1e80 w35 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">359<span class=\"_ _9\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x48b y1e80 w209 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2<span class=\"_ _7\"></span>02.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x48c y1e80 w20a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">3<span class=\"_ _7\"></span>68.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x48d y1e80 w20b h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">4,35<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>7<span class=\"_ _304\"> </span></div></td></tr></table>As at 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2022 (restated)*<table class=\"s w1d5 had\" id=\"_b5a24dc7-31c1-4507-b0ec-c278c8578e4b\"><tr><td></td><td class=\"t m0 x402 h44 y1f96 ff5f fs28 fc2 sc0 ls3 ws23d\"> Within<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x480 h44 y1f96 ff5f fs28 fc2 sc0 ls10a ws15e\"> <span class=\"_ _85\"> </span>Between one<span class=\"_ _9\"></span> </td><td class=\"t m0 x481 h44 y1f96 ff5f fs28 fc2 sc0 lsa ws175\"> <span class=\"_ _85\"> </span>Between tw<span class=\"_ _9\"></span>o </td><td class=\"t m0 x482 h44 y1f96 ff5f fs28 fc2 sc0 lsa ws175\"> <span class=\"_ _2b\"> </span>Between t<span class=\"_ _9\"></span>hree<span class=\"_ _9\"></span> </td><td class=\"t m0 x483 h44 y1f96 ff5f fs28 fc2 sc0 lsd0 ws239\"> <span class=\"_ _29\"> </span>Betwee<span class=\"_ _7\"></span>n four </td><td class=\"t m0 x1b2 h44 y1f96 ff5f fs28 fc2 sc0 ls76 ws23a\"> Over<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x484 h44 y1f96 ff5f fs28 fc2 sc0 lsa1 ws23b\"> 2022<span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x402 h44 y1f97 ff5f fs28 fc2 sc0 ls10a ws15e\"> <span class=\"_ _132\"> </span>one y<span class=\"_ _9\"></span>ear<span class=\"_ _304\"> </span></td><td class=\"t m0 x48e h44 y1f97 ff5f fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d two ye<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x48f h44 y1f97 ff5f fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d thre<span class=\"_ _7\"></span>e yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></td><td class=\"t m0 x490 h44 y1f97 ff5f fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d four y<span class=\"_ _7\"></span>ear<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x491 h44 y1f97 ff5f fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d fiv<span class=\"_ _7\"></span>e year<span class=\"_ _7\"></span>s</td><td class=\"t m0 x1b2 h44 y1f97 ff5f fs28 fc2 sc0 ls76 ws161\"> <span class=\"_ _40\"> </span>fi<span class=\"_ _7\"></span>ve years</td><td class=\"t m0 x484 h44 y1f97 ff5f fs28 fc2 sc0 lsf2 ws23c\"> tota<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x486 h44 y1f98 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41d h44 y1f98 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41e h44 y1f98 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h44 y1f98 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h44 y1f98 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h44 y1f98 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f98 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x473 y1e80 w20c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x492 y1e80 w20d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">975<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x493 y1e80 w20e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">5<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x494 y1e80 w20f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">3<span class=\"_ _7\"></span>36.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x495 y1e80 w8e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">18<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x496 y1e80 w210 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">3<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>4.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x497 y1e80 w211 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">4<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>010<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr></table>*Re<span class=\"_ _7\"></span>sta<span class=\"_ _7\"></span>ted for th<span class=\"_ _7\"></span>e ado<span class=\"_ _7\"></span>ption o<span class=\"_ _7\"></span>f IFRS 1<span class=\"_ _9\"></span>7<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>Deta<span class=\"_ _7\"></span>ils of the payme<span class=\"_ _7\"></span>nt profile of the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s bor<span class=\"_ _7\"></span>rowings, de<span class=\"_ _7\"></span>rivative in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nts and othe<span class=\"_ _7\"></span>r liabi<span class=\"_ _7\"></span>lities a<span class=\"_ _7\"></span>re given i<span class=\"_ _7\"></span>n notes<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>1<span class=\"_ _a\"></span>4, 1<span class=\"_ _a\"></span>6 a<span class=\"_ _7\"></span>nd 2<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-468": {
   "value": "Sensitivity analysis<span class=\"_ _304\"> </span>As at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mber<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023, the Grou<span class=\"_ _7\"></span>p used cl<span class=\"_ _7\"></span>osing r<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s of e<span class=\"_ _9\"></span>xcha<span class=\"_ _7\"></span>nge of $1<span class=\"_ _a\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>\u00a30.<span class=\"_ _a\"></span>78 and $1<span class=\"_ _a\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>\u20ac0.9<span class=\"_ _9\"></span>1 (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$1<span class=\"_ _a\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>\u00a30.83 and $1<span class=\"_ _a\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>\u20ac0.94<span class=\"_ _9\"></span>).<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>The G<span class=\"_ _7\"></span>roup pe<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>forms a s<span class=\"_ _7\"></span>ensiti<span class=\"_ _7\"></span>vit<span class=\"_ _7\"></span>y ana<span class=\"_ _7\"></span>lysis ba<span class=\"_ _7\"></span>sed on a 1<span class=\"_ _9\"></span>0% streng<span class=\"_ _7\"></span>thenin<span class=\"_ _7\"></span>g or weaken<span class=\"_ _7\"></span>ing of the US Do<span class=\"_ _7\"></span>llar ag<span class=\"_ _7\"></span>ainst S<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rling.<span class=\"_ _304\"> </span>Thi<span class=\"_ _7\"></span>s anal<span class=\"_ _7\"></span>ysis as<span class=\"_ _7\"></span>sume<span class=\"_ _7\"></span>s that all othe<span class=\"_ _7\"></span>r varia<span class=\"_ _7\"></span>bles, in pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ticula<span class=\"_ _7\"></span>r interest rates, re<span class=\"_ _7\"></span>main c<span class=\"_ _7\"></span>onstant a<span class=\"_ _7\"></span>nd that the u<span class=\"_ _7\"></span>nder<span class=\"_ _7\"></span>lying va<span class=\"_ _7\"></span>luation of ass<span class=\"_ _7\"></span>ets and lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es in the<span class=\"_ _7\"></span>ir base cu<span class=\"_ _7\"></span>rren<span class=\"_ _7\"></span>cy is unch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>d. The esti<span class=\"_ _7\"></span>mated sens<span class=\"_ _7\"></span>itivi<span class=\"_ _7\"></span>ties be<span class=\"_ _7\"></span>low take acco<span class=\"_ _7\"></span>unt of the retrans<span class=\"_ _7\"></span>lation mov<span class=\"_ _9\"></span>ements of<span class=\"_ _9\"></span> foreign currenc<span class=\"_ _9\"></span>y monetar<span class=\"_ _7\"></span>y asse<span class=\"_ _9\"></span>ts and liabilit<span class=\"_ _9\"></span>ies in Group ent<span class=\"_ _9\"></span>ities, and<span class=\"_ _9\"></span>, for<span class=\"_ _9\"></span> the effect on equity<span class=\"_ _a\"></span>, the impact<span class=\"_ _9\"></span> on the<span class=\"_ _9\"></span> ret<span class=\"_ _9\"></span>ranslation o<span class=\"_ _9\"></span>f entit<span class=\"_ _9\"></span>ies with non-US<span class=\"_ _9\"></span> Dollar functional currencies.<span class=\"_ _9\"></span> The methodology includes<span class=\"_ _9\"></span> inter<span class=\"_ _a\"></span>-company balances tha<span class=\"_ _9\"></span>t are<span class=\"_ _9\"></span> elim<span class=\"_ _7\"></span>inated on co<span class=\"_ _7\"></span>nsoli<span class=\"_ _7\"></span>dation, but sti<span class=\"_ _7\"></span>ll expose th<span class=\"_ _7\"></span>e Group to foreig<span class=\"_ _7\"></span>n curre<span class=\"_ _7\"></span>ncy ris<span class=\"_ _7\"></span>k.<span class=\"_ _304\"> </span>Dur<span class=\"_ _7\"></span>ing the yea<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>, the G<span class=\"_ _7\"></span>roup trans<span class=\"_ _7\"></span>acted in a nu<span class=\"_ _7\"></span>mber of over<span class=\"_ _9\"></span>-the-co<span class=\"_ _7\"></span>unter for<span class=\"_ _7\"></span>ward cur<span class=\"_ _7\"></span>rency d<span class=\"_ _7\"></span>eri<span class=\"_ _7\"></span>vative contracts. T<span class=\"_ _7\"></span>he impa<span class=\"_ _7\"></span>ct of these contract<span class=\"_ _9\"></span>s on the<span class=\"_ _9\"></span> sensitivity analysis is negligible<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>As at 31 Dece<span class=\"_ _7\"></span>mber<table class=\"s w260 hb0\" id=\"_c319649f-ec20-4cc9-bf65-51f3282e07e5\"><tr><td></td><td></td><td></td><td class=\"t m0 x1b2 h44 y1faa ff5f fs28 fc2 sc0 lsa0 ws1e0\"> <span class=\"_ _14\"> </span>December 2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x484 h44 y1faa ff5f fs28 fc2 sc0 lsa0 ws1e0\"> <span class=\"_ _14\"> </span>December 2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x482 h43 y1fab ff64 fs28 fc2 sc0 ls145 ws1dc\"> <span class=\"_ _12\"> </span>De<span class=\"_ _7\"></span>cember<span class=\"_ _9\"></span> 2023<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x483 h43 y1fab ff64 fs28 fc2 sc0 ls145 ws1dc\"> <span class=\"_ _12\"> </span>De<span class=\"_ _7\"></span>cember<span class=\"_ _9\"></span> 2023<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x1b2 h44 y1fab ff5f fs28 fc2 sc0 ls10a ws15e\"> <span class=\"_ _1\"> </span>effect on equity<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x484 h44 y1fab ff5f fs28 fc2 sc0 ls10a ws15e\"> <span class=\"_ _0\"> </span>effect on profit<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x482 h43 y1fac ff64 fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _14\"> </span>ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct on e<span class=\"_ _7\"></span>qui<span class=\"_ _7\"></span>ty<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x483 h43 y1fac ff64 fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _88\"> </span>ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct on p<span class=\"_ _7\"></span>rof<span class=\"_ _7\"></span>it<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x1b2 h44 y1fac ff5f fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _7f\"> </span>af<span class=\"_ _7\"></span>ter t<span class=\"_ _7\"></span>ax</td><td class=\"t m0 x484 h44 y1fac ff5f fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _f6\"> </span>b<span class=\"_ _7\"></span>efo<span class=\"_ _7\"></span>re ta<span class=\"_ _7\"></span>x</td></tr><tr><td></td><td class=\"t m0 x482 h43 y1fad ff64 fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _3f\"> </span>af<span class=\"_ _7\"></span>te<span class=\"_ _7\"></span>r ta<span class=\"_ _7\"></span>x</td><td class=\"t m0 x483 h43 y1fad ff64 fs28 fc2 sc0 lsf3 ws1d9\"> <span class=\"_ _7c\"> </span>before tax<span class=\"_ _304\"> </span></td><td class=\"t m0 x4fd h44 y1fad ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td><td class=\"t m0 x4fe h44 y1fad ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x41f h43 y1fae ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y1fae ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h44 y1fae ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1fae ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1e7d w261 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Strengthening o<span class=\"_ _9\"></span>f Sterling<span class=\"_ _304\"> </span></div></td><td class=\"c n x4ff y1e7d w248 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x500 y1e7d w262 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x501 y1e7d w263 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">6<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x502 y1e7d w264 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w265 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Weak<span class=\"_ _9\"></span>ening of St<span class=\"_ _9\"></span>erling<span class=\"_ _304\"> </span></div></td><td class=\"c n x503 y1e80 w157 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>7<span class=\"_ _c\"> </span>7.<span class=\"_ _8\"></span>4<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x504 y1e80 w266 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(13<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x505 y1e80 w267 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>62.<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x506 y1e80 w268 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr></table>(g<span class=\"_ _9\"></span>) Li<span class=\"_ _7\"></span>mitations of se<span class=\"_ _7\"></span>nsit<span class=\"_ _7\"></span>ivit<span class=\"_ _7\"></span>y analy<span class=\"_ _7\"></span>sis<span class=\"_ _304\"> </span>The s<span class=\"_ _7\"></span>ensi<span class=\"_ _7\"></span>tivit<span class=\"_ _7\"></span>y infor<span class=\"_ _7\"></span>mation gi<span class=\"_ _7\"></span>ven in notes 3.3 (a) t<span class=\"_ _9\"></span>o (f<span class=\"_ _7\"></span>) demo<span class=\"_ _7\"></span>nstrates the e<span class=\"_ _7\"></span>stimated impa<span class=\"_ _7\"></span>ct of a chan<span class=\"_ _7\"></span>ge in a maj<span class=\"_ _7\"></span>or inpu<span class=\"_ _7\"></span>t assu<span class=\"_ _7\"></span>mption, while ot<span class=\"_ _9\"></span>her assumption<span class=\"_ _9\"></span>s remain unchanged.<span class=\"_ _9\"></span> In reality<span class=\"_ _a\"></span>, there are<span class=\"_ _9\"></span> normally significant lev<span class=\"_ _9\"></span>els of correla<span class=\"_ _9\"></span>tion between the<span class=\"_ _9\"></span> assumptions<span class=\"_ _9\"></span> and othe<span class=\"_ _7\"></span>r factors. It sh<span class=\"_ _7\"></span>ould al<span class=\"_ _7\"></span>so be noted that the<span class=\"_ _7\"></span>se sen<span class=\"_ _7\"></span>sitivi<span class=\"_ _7\"></span>ties are n<span class=\"_ _7\"></span>on-lin<span class=\"_ _7\"></span>ear<span class=\"_ _a\"></span>, a<span class=\"_ _7\"></span>nd larg<span class=\"_ _7\"></span>er or sm<span class=\"_ _7\"></span>alle<span class=\"_ _7\"></span>r impacts s<span class=\"_ _7\"></span>hould n<span class=\"_ _7\"></span>ot be interp<span class=\"_ _7\"></span>olated or ex<span class=\"_ _7\"></span>trapo<span class=\"_ _7\"></span>lated from the<span class=\"_ _7\"></span>se resu<span class=\"_ _7\"></span>lts. The s<span class=\"_ _7\"></span>ame lim<span class=\"_ _7\"></span>itations ex<span class=\"_ _7\"></span>ist in res<span class=\"_ _7\"></span>pect to the retire<span class=\"_ _7\"></span>ment be<span class=\"_ _7\"></span>nefit sc<span class=\"_ _7\"></span>hem<span class=\"_ _7\"></span>e sensi<span class=\"_ _7\"></span>tivitie<span class=\"_ _7\"></span>s pres<span class=\"_ _7\"></span>ented in note 2<span class=\"_ _9\"></span>4 t<span class=\"_ _9\"></span>o the<span class=\"_ _7\"></span>se fina<span class=\"_ _7\"></span>ncial s<span class=\"_ _7\"></span>tatements. Fur<span class=\"_ _7\"></span>ther<span class=\"_ _7\"></span>more, estim<span class=\"_ _7\"></span>ates of sensi<span class=\"_ _7\"></span>tivit<span class=\"_ _7\"></span>y may be<span class=\"_ _7\"></span>come le<span class=\"_ _7\"></span>ss rel<span class=\"_ _7\"></span>iabl<span class=\"_ _7\"></span>e in unusu<span class=\"_ _7\"></span>al mar<span class=\"_ _7\"></span>ket conditi<span class=\"_ _7\"></span>ons, such a<span class=\"_ _7\"></span>s insta<span class=\"_ _7\"></span>nces w<span class=\"_ _7\"></span>hen r<span class=\"_ _7\"></span>isk<span class=\"_ _9\"></span>-free intere<span class=\"_ _7\"></span>st rates fall towards zero.<span class=\"_ _304\"> </span>The s<span class=\"_ _7\"></span>ensi<span class=\"_ _7\"></span>tivit<span class=\"_ _7\"></span>y ana<span class=\"_ _7\"></span>lysis d<span class=\"_ _7\"></span>oes not ta<span class=\"_ _7\"></span>ke int<span class=\"_ _9\"></span>o co<span class=\"_ _7\"></span>nside<span class=\"_ _7\"></span>ration that the G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s as<span class=\"_ _7\"></span>sets and l<span class=\"_ _7\"></span>iabil<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>re activel<span class=\"_ _7\"></span>y manag<span class=\"_ _7\"></span>ed. Additio<span class=\"_ _7\"></span>nally<span class=\"_ _9\"></span>, the fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l positi<span class=\"_ _7\"></span>on of the Group m<span class=\"_ _7\"></span>ay var<span class=\"_ _7\"></span>y at the time that a<span class=\"_ _7\"></span>ny actual m<span class=\"_ _7\"></span>arket moveme<span class=\"_ _7\"></span>nt occu<span class=\"_ _7\"></span>rs. For examp<span class=\"_ _7\"></span>le, the Group\u2019<span class=\"_ _a\"></span>s fina<span class=\"_ _7\"></span>ncial r<span class=\"_ _7\"></span>isk ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>ment strateg<span class=\"_ _7\"></span>y aims to man<span class=\"_ _7\"></span>age the expo<span class=\"_ _7\"></span>sure to market fluc<span class=\"_ _7\"></span>tuations. A<span class=\"_ _7\"></span>s investment m<span class=\"_ _7\"></span>arkets move past various trigger lev<span class=\"_ _9\"></span>els, management actions<span class=\"_ _9\"></span> could include selling in<span class=\"_ _9\"></span>vestments<span class=\"_ _9\"></span>, changing inv<span class=\"_ _9\"></span>estment por<span class=\"_ _7\"></span>tfolio allocat<span class=\"_ _9\"></span>ion and<span class=\"ls8 ws4\"> </span>taking ot<span class=\"_ _9\"></span>her prot<span class=\"_ _9\"></span>ective<span class=\"_ _9\"></span> action<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:SensitivityAnalysisForEachTypeOfMarketRisk",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-432": {
   "value": "3.4 Capital risk management The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s primar<span class=\"_ _7\"></span>y objectiv<span class=\"_ _9\"></span>es when managing its<span class=\"_ _9\"></span> capital position are<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>t<span class=\"_ _9\"></span>o safe<span class=\"_ _7\"></span>guard i<span class=\"_ _7\"></span>ts abili<span class=\"_ _7\"></span>ty to continu<span class=\"_ _7\"></span>e as a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>go<span class=\"_ _7\"></span>ing con<span class=\"_ _7\"></span>cern, so th<span class=\"_ _7\"></span>at it can c<span class=\"_ _7\"></span>ontinue to provid<span class=\"_ _7\"></span>e long-term grow<span class=\"_ _7\"></span>th an<span class=\"_ _7\"></span>d progres<span class=\"_ _7\"></span>sive </span>dividen<span class=\"_ _9\"></span>d re<span class=\"_ _9\"></span>turns<span class=\"_ _9\"></span> for<span class=\"_ _9\"></span> sharehol<span class=\"_ _9\"></span>ders<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>t<span class=\"_ _9\"></span>o provi<span class=\"_ _7\"></span>de an ade<span class=\"_ _7\"></span>quate return to the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s share<span class=\"_ _7\"></span>hold<span class=\"_ _7\"></span>ers by pri<span class=\"_ _7\"></span>cing its i<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce produ<span class=\"_ _7\"></span>cts and se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>es com<span class=\"_ _7\"></span>mens<span class=\"_ _7\"></span>urately <span class=\"ls8 ws4\"> </span></span>with the l<span class=\"_ _7\"></span>evel of risk; A <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>t<span class=\"_ _9\"></span>o ma<span class=\"_ _7\"></span>intain a<span class=\"_ _7\"></span>n ef<span class=\"_ _7\"></span>ficien<span class=\"_ _7\"></span>t cost of ca<span class=\"_ _7\"></span>pital; </span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>to compl<span class=\"_ _7\"></span>y with al<span class=\"_ _7\"></span>l regulator<span class=\"_ _7\"></span>y re<span class=\"_ _7\"></span>quirem<span class=\"_ _7\"></span>ents by an ap<span class=\"_ _7\"></span>propri<span class=\"_ _7\"></span>ate margin;<span class=\"_ _9\"></span> </span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>to mainta<span class=\"_ _7\"></span>in finan<span class=\"_ _7\"></span>cial stre<span class=\"_ _7\"></span>ngth ratin<span class=\"_ _7\"></span>gs of A in each of i<span class=\"_ _7\"></span>ts insura<span class=\"_ _7\"></span>nce enti<span class=\"_ _7\"></span>ties; and<span class=\"_ _304\"> </span></span></span>A<span class=\"_ _8\"> </span><span class=\"ff68\"> <span class=\"_ _e\"></span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _24\"></span>to settl<span class=\"_ _7\"></span>e policy<span class=\"_ _7\"></span>hold<span class=\"_ _7\"></span>ers\u2019 claim<span class=\"_ _7\"></span>s as they ar<span class=\"_ _7\"></span>ise.<span class=\"_ _304\"> </span></span></span>The G<span class=\"_ _7\"></span>roup sets th<span class=\"_ _7\"></span>e amount of c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>l requi<span class=\"_ _7\"></span>red in its fu<span class=\"_ _7\"></span>nding s<span class=\"_ _7\"></span>tructure i<span class=\"_ _7\"></span>n propor<span class=\"_ _7\"></span>tio<span class=\"_ _7\"></span>n t<span class=\"_ _9\"></span>o ri<span class=\"_ _7\"></span>sk. The G<span class=\"_ _7\"></span>roup the<span class=\"_ _7\"></span>n manag<span class=\"_ _7\"></span>es the c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>l stru<span class=\"_ _7\"></span>cture and m<span class=\"_ _7\"></span>akes adju<span class=\"_ _7\"></span>stments to it in the li<span class=\"_ _7\"></span>ght of cha<span class=\"_ _7\"></span>nges in e<span class=\"_ _7\"></span>cono<span class=\"_ _7\"></span>mic co<span class=\"_ _7\"></span>ndition<span class=\"_ _7\"></span>s and the r<span class=\"_ _7\"></span>isk cha<span class=\"_ _7\"></span>racteri<span class=\"_ _7\"></span>stics of the un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>lying ass<span class=\"_ _7\"></span>ets. In order to obtai<span class=\"_ _7\"></span>n or maint<span class=\"_ _7\"></span>ain an optim<span class=\"_ _7\"></span>al cap<span class=\"_ _7\"></span>ital str<span class=\"_ _7\"></span>ucture, the G<span class=\"_ _7\"></span>roup may adju<span class=\"_ _7\"></span>st the amo<span class=\"_ _7\"></span>unt of divi<span class=\"_ _7\"></span>dend<span class=\"_ _7\"></span>s paid to sha<span class=\"_ _7\"></span>rehol<span class=\"_ _7\"></span>ders, retur<span class=\"_ _7\"></span>n cap<span class=\"_ _7\"></span>ital to share<span class=\"_ _7\"></span>hold<span class=\"_ _7\"></span>ers, is<span class=\"_ _7\"></span>sue new sh<span class=\"_ _7\"></span>ares, as<span class=\"_ _7\"></span>sume d<span class=\"_ _7\"></span>ebt, or sell as<span class=\"_ _7\"></span>sets to reduce d<span class=\"_ _7\"></span>ebt.<span class=\"_ _304\"> </span>The Group measures<span class=\"_ _9\"></span> its capital requir<span class=\"_ _9\"></span>ements against<span class=\"_ _9\"></span> its av<span class=\"_ _9\"></span>ailable capital.<span class=\"_ _9\"></span> Avai<span class=\"_ _9\"></span>lable capital is defined b<span class=\"_ _9\"></span>y the Gr<span class=\"_ _9\"></span>oup as the<span class=\"_ _9\"></span> to<span class=\"_ _9\"></span>tal of<span class=\"_ _9\"></span> net ta<span class=\"_ _7\"></span>ngible a<span class=\"_ _7\"></span>sset val<span class=\"_ _7\"></span>ue and s<span class=\"_ _7\"></span>ubordin<span class=\"_ _7\"></span>ated debt.<span class=\"_ _304\"> </span>The s<span class=\"_ _7\"></span>ubordi<span class=\"_ _7\"></span>nated debt is<span class=\"_ _7\"></span>sued by the G<span class=\"_ _7\"></span>roup is hyb<span class=\"_ _7\"></span>rid in natu<span class=\"_ _7\"></span>re, which me<span class=\"_ _7\"></span>ans it c<span class=\"_ _7\"></span>ounts towards regu<span class=\"_ _7\"></span>latory a<span class=\"_ _7\"></span>nd rating ag<span class=\"_ _7\"></span>ency ca<span class=\"_ _7\"></span>pital re<span class=\"_ _7\"></span>quire<span class=\"_ _7\"></span>ments.<span class=\"_ _304\"> </span>At 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 202<span class=\"_ _9\"></span>3, the avail<span class=\"_ _7\"></span>able c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>l was $3,323<span class=\"_ _9\"></span>.4 millio<span class=\"_ _7\"></span>n (2<span class=\"_ _9\"></span>022 restated: $2<span class=\"_ _9\"></span>,645.4 million)<span class=\"_ _9\"></span>, com<span class=\"_ _7\"></span>pris<span class=\"_ _7\"></span>ing net ta<span class=\"_ _7\"></span>ngibl<span class=\"_ _7\"></span>e asset value of $2,9<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>.8 milli<span class=\"_ _7\"></span>on (2022 restated: $2<span class=\"_ _9\"></span>3<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>4.6 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>) an<span class=\"_ _7\"></span>d subord<span class=\"_ _7\"></span>inated debt of $3<span class=\"_ _7\"></span>50<span class=\"_ _9\"></span>.6 milli<span class=\"_ _7\"></span>on (202<span class=\"_ _9\"></span>2: $330.8 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>).<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup ca<span class=\"_ _7\"></span>n sourc<span class=\"_ _7\"></span>e additio<span class=\"_ _7\"></span>nal fu<span class=\"_ _7\"></span>nding f<span class=\"_ _7\"></span>rom revolvin<span class=\"_ _7\"></span>g credi<span class=\"_ _7\"></span>t and Let<span class=\"_ _7\"></span>ter of Credit (<span class=\"_ _7\"></span>L<span class=\"_ _9\"></span>OC) facil<span class=\"_ _7\"></span>ities. St<span class=\"_ _7\"></span>andby fu<span class=\"_ _7\"></span>nding f<span class=\"_ _7\"></span>rom thes<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> sourc<span class=\"_ _7\"></span>es com<span class=\"_ _7\"></span>pris<span class=\"_ _7\"></span>ed $931 million at 31 Dece<span class=\"_ _7\"></span>mber 2023 (2022<span class=\"_ _9\"></span>: $93<span class=\"_ _9\"></span>1 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s bo<span class=\"_ _7\"></span>rrowing fa<span class=\"_ _7\"></span>cilitie<span class=\"_ _7\"></span>s incl<span class=\"_ _7\"></span>ude fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l covenants th<span class=\"_ _7\"></span>at are stan<span class=\"_ _7\"></span>dard in su<span class=\"_ _7\"></span>ch arr<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>ments, inc<span class=\"_ _7\"></span>luding c<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>tai<span class=\"_ _7\"></span>n balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et metric<span class=\"_ _7\"></span>s. The<span class=\"_ _7\"></span>se are mo<span class=\"_ _7\"></span>nitored on a re<span class=\"_ _7\"></span>gular b<span class=\"_ _7\"></span>asis, at le<span class=\"_ _7\"></span>ast qua<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>terly<span class=\"_ _9\"></span>, but more f<span class=\"_ _7\"></span>reque<span class=\"_ _7\"></span>ntly wh<span class=\"_ _7\"></span>ere nec<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The B<span class=\"_ _7\"></span>oard en<span class=\"_ _7\"></span>sures that th<span class=\"_ _7\"></span>e use an<span class=\"_ _7\"></span>d alloc<span class=\"_ _7\"></span>ation of ca<span class=\"_ _7\"></span>pital a<span class=\"_ _7\"></span>re given a pr<span class=\"_ _7\"></span>imar<span class=\"_ _7\"></span>y fo<span class=\"_ _7\"></span>cus in al<span class=\"_ _7\"></span>l signi<span class=\"_ _7\"></span>ficant o<span class=\"_ _7\"></span>peratio<span class=\"_ _7\"></span>nal acti<span class=\"_ _7\"></span>ons. With that in min<span class=\"_ _7\"></span>d, the Group ha<span class=\"_ _7\"></span>s develop<span class=\"_ _7\"></span>ed and e<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>dded c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>l mode<span class=\"_ _7\"></span>lling tools w<span class=\"_ _7\"></span>ithin its b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss. Th<span class=\"_ _7\"></span>ese joi<span class=\"_ _7\"></span>n t<span class=\"_ _9\"></span>og<span class=\"_ _7\"></span>ether sh<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>m and long<span class=\"_ _7\"></span>-<span class=\"_ _9\"></span>term b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss pla<span class=\"_ _7\"></span>ns and l<span class=\"_ _7\"></span>ink div<span class=\"_ _7\"></span>ision<span class=\"_ _7\"></span>al asp<span class=\"_ _7\"></span>irations w<span class=\"_ _7\"></span>ith the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s ov<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rall strateg<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>The m<span class=\"_ _7\"></span>odel p<span class=\"_ _7\"></span>rovides th<span class=\"_ _7\"></span>e basis of the a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>ation of cap<span class=\"_ _7\"></span>ital to dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nt busi<span class=\"_ _7\"></span>ness l<span class=\"_ _7\"></span>ines, as we<span class=\"_ _7\"></span>ll as the re<span class=\"_ _7\"></span>gulator<span class=\"_ _7\"></span>y and rati<span class=\"_ _7\"></span>ng agen<span class=\"_ _7\"></span>cy capital processes.<span class=\"_ _304\"> </span><div class=\"t m0 he ff5f fs7 fc3 sc0 ls99 ws1d5 gsbed\">Gearing<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbee\">The G<span class=\"_ _7\"></span>roup cu<span class=\"_ _7\"></span>rrently u<span class=\"_ _7\"></span>tilise<span class=\"_ _7\"></span>s gear<span class=\"_ _7\"></span>ing as a<span class=\"_ _7\"></span>n additio<span class=\"_ _7\"></span>nal so<span class=\"_ _7\"></span>urce of fun<span class=\"_ _7\"></span>ds to max<span class=\"_ _7\"></span>imise th<span class=\"_ _7\"></span>e oppor<span class=\"_ _7\"></span>tu<span class=\"_ _7\"></span>nities f<span class=\"_ _7\"></span>rom strong m<span class=\"_ _7\"></span>arkets and to </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsbef\">reduce the<span class=\"_ _9\"></span> risk profi<span class=\"_ _9\"></span>le of t<span class=\"_ _9\"></span>he business in weak<span class=\"_ _9\"></span>er market<span class=\"_ _9\"></span>s, particularly with r<span class=\"_ _9\"></span>espect to t<span class=\"_ _9\"></span>he more v<span class=\"_ _9\"></span>olatile<span class=\"_ _9\"></span> business. The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbf0\">gea<span class=\"_ _7\"></span>ring i<span class=\"_ _7\"></span>s obtaine<span class=\"_ _7\"></span>d from a nu<span class=\"_ _7\"></span>mber of so<span class=\"_ _7\"></span>urces, in<span class=\"_ _7\"></span>cludin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsbf1\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws19c gsbf2\">  <span class=\"_ _a\"></span><span class=\"ff5f ls38 ws41\">L<span class=\"_ _9\"></span>OC a<span class=\"_ _7\"></span>nd revolvi<span class=\"_ _7\"></span>ng cred<span class=\"_ _7\"></span>it facili<span class=\"_ _7\"></span>ty \u2013 the G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s ma<span class=\"_ _7\"></span>in facil<span class=\"_ _7\"></span>ity m<span class=\"_ _7\"></span>ay be drawn in c<span class=\"_ _7\"></span>ash up to $6<span class=\"_ _7\"></span>00 mil<span class=\"_ _7\"></span>lion un<span class=\"_ _7\"></span>der a revolv<span class=\"_ _7\"></span>ing cre<span class=\"_ _7\"></span>dit </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbf3\">facil<span class=\"_ _7\"></span>ity a<span class=\"_ _7\"></span>nd utili<span class=\"_ _7\"></span>sed as LOC up to $266 millio<span class=\"_ _7\"></span>n. The faci<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y was renewed d<span class=\"_ _7\"></span>urin<span class=\"_ _7\"></span>g 202<span class=\"_ _9\"></span>2, enabl<span class=\"_ _7\"></span>ing the Gro<span class=\"_ _7\"></span>up to utilise the LOC </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbf4\">as Funds at L<span class=\"_ _7\"></span>loyd\u2019<span class=\"_ _a\"></span>s to supp<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>t unde<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>writi<span class=\"_ _7\"></span>ng on the 2022<span class=\"_ _9\"></span>, 2023 and 202<span class=\"_ _9\"></span>4 years of ac<span class=\"_ _7\"></span>count. Th<span class=\"_ _7\"></span>e revolving c<span class=\"_ _7\"></span>redit f<span class=\"_ _7\"></span>acilit<span class=\"_ _7\"></span>y is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbf5\">availa<span class=\"_ _7\"></span>ble until the e<span class=\"_ _7\"></span>nd of 202<span class=\"_ _9\"></span>4<span class=\"_ _9\"></span>. As at 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2023, $2<span class=\"_ _9\"></span>66 m<span class=\"_ _7\"></span>illion wa<span class=\"_ _7\"></span>s utilise<span class=\"_ _7\"></span>d by way o<span class=\"_ _9\"></span>f LOC to suppor<span class=\"_ _7\"></span>t the Fund<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbf6\">at Lloyd\u2019<span class=\"_ _9\"></span>s require<span class=\"_ _7\"></span>ment a<span class=\"_ _7\"></span>nd the revolv<span class=\"_ _7\"></span>ing cred<span class=\"_ _7\"></span>it facil<span class=\"_ _7\"></span>ity wa<span class=\"_ _7\"></span>s undrawn (2022<span class=\"_ _9\"></span>: $266 mill<span class=\"_ _7\"></span>ion and th<span class=\"_ _7\"></span>e revolvin<span class=\"_ _7\"></span>g credi<span class=\"_ _7\"></span>t facilit<span class=\"_ _7\"></span>y <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 lsa6 ws158 gsbf7\">was u<span class=\"_ _7\"></span>ndraw<span class=\"_ _7\"></span>n)<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsbf8\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws19c gsbf9\">  <span class=\"_ _a\"></span><span class=\"ff5f ls38 ws41\">In 2020<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup sou<span class=\"_ _7\"></span>rced an ad<span class=\"_ _7\"></span>dition<span class=\"_ _7\"></span>al $65 mi<span class=\"_ _7\"></span>llion of f<span class=\"_ _7\"></span>unding i<span class=\"_ _7\"></span>n the form of a Funds at L<span class=\"_ _7\"></span>loyd\u2019<span class=\"_ _a\"></span>s fa<span class=\"_ _7\"></span>cilit<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>. Under th<span class=\"_ _7\"></span>is facili<span class=\"_ _7\"></span>ty </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbfa\">ass<span class=\"_ _7\"></span>ets are ple<span class=\"_ _7\"></span>dged w<span class=\"_ _7\"></span>ith the Cor<span class=\"_ _7\"></span>poratio<span class=\"_ _7\"></span>n of Lloyd\u2019<span class=\"_ _a\"></span>s o<span class=\"_ _7\"></span>n the Group\u2019<span class=\"_ _9\"></span>s behal<span class=\"_ _7\"></span>f<span class=\"_ _9\"></span>, provid<span class=\"_ _7\"></span>ing regu<span class=\"_ _7\"></span>lator<span class=\"_ _7\"></span>y Tier 1 c<span class=\"_ _7\"></span>apit<span class=\"_ _7\"></span>al. As at <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbfb\">3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023 and 2022 the facil<span class=\"_ _7\"></span>ity wa<span class=\"_ _7\"></span>s fully d<span class=\"_ _7\"></span>rawn;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsbfc\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws19c gsbfd\">  <span class=\"_ _a\"></span><span class=\"ff5f ls38 ws41\">\u00a327<span class=\"_ _9\"></span>5 millio<span class=\"_ _7\"></span>n of fixed-t<span class=\"_ _9\"></span>o-floatin<span class=\"_ _7\"></span>g rate subordin<span class=\"_ _7\"></span>ated notes that are cl<span class=\"_ _7\"></span>assi<span class=\"_ _7\"></span>fied as T<span class=\"_ _7\"></span>ier 2 de<span class=\"_ _7\"></span>bt. This was rai<span class=\"_ _7\"></span>sed in N<span class=\"_ _7\"></span>ovember 201<span class=\"_ _a\"></span>5 </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsbfe\">and m<span class=\"_ _7\"></span>atures in 2045. Th<span class=\"_ _7\"></span>e debt is rated B<span class=\"_ _7\"></span>BB- by S&amp;P a<span class=\"_ _7\"></span>nd Fitch;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsbff\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws19c gsc00\">  <span class=\"_ _a\"></span><span class=\"ff5f ls38 ws41\">\u00a3250 millio<span class=\"_ _7\"></span>n of fixed rate seni<span class=\"_ _7\"></span>or notes rais<span class=\"_ _7\"></span>ed in Se<span class=\"_ _7\"></span>pt<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ber 2022 and m<span class=\"_ _7\"></span>aturing i<span class=\"_ _7\"></span>n Septembe<span class=\"_ _7\"></span>r 202<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>. Th<span class=\"_ _7\"></span>e debt is rated BB<span class=\"_ _7\"></span>B+ <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc01\">by S&amp;P an<span class=\"_ _7\"></span>d Fitch<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsc02\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws19c gsc03\">  <span class=\"_ _a\"></span><span class=\"ff5f ls38 ws41\">E<span class=\"_ _7\"></span>xter<span class=\"_ _7\"></span>nal Na<span class=\"_ _7\"></span>mes \u2013 27<span class=\"_ _20\"></span>.4<span class=\"_ _a\"></span>% of Sy<span class=\"_ _7\"></span>ndicate 33\u2019<span class=\"_ _9\"></span>s capac<span class=\"_ _7\"></span>ity i<span class=\"_ _7\"></span>s capi<span class=\"_ _7\"></span>talise<span class=\"_ _7\"></span>d by third par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s, who als<span class=\"_ _7\"></span>o pay a profit sha<span class=\"_ _7\"></span>re of<span class=\"_ _9\"></span> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc04\">app<span class=\"_ _7\"></span>ro<span class=\"_ _9\"></span>xi<span class=\"_ _7\"></span>mately 20%<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsc05\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws23f gsc06\">  <span class=\"_ _a\"></span><span class=\"ff5f ls74 ws41\">Syn<span class=\"_ _7\"></span>dicate 6<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>04 at Ll<span class=\"_ _7\"></span>oyd<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s \u2013 with a c<span class=\"_ _7\"></span>apacit<span class=\"_ _7\"></span>y of \u00a357 million fo<span class=\"_ _7\"></span>r the 202<span class=\"_ _a\"></span>4 ye<span class=\"_ _7\"></span>ar of acco<span class=\"_ _7\"></span>unt (202<span class=\"_ _9\"></span>3 yea<span class=\"_ _7\"></span>r of accoun<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>: \u00a31<span class=\"_ _a\"></span>9.<span class=\"_ _9\"></span>4 mi<span class=\"_ _7\"></span>llion)<span class=\"_ _9\"></span>. </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc07\">Thi<span class=\"_ _7\"></span>s Synd<span class=\"_ _7\"></span>icate is who<span class=\"_ _7\"></span>lly backed by ex<span class=\"_ _7\"></span>terna<span class=\"_ _7\"></span>l memb<span class=\"_ _7\"></span>ers a<span class=\"_ _7\"></span>nd takes pu<span class=\"_ _7\"></span>re year of acc<span class=\"_ _7\"></span>ount quota s<span class=\"_ _7\"></span>hare of Sy<span class=\"_ _7\"></span>ndic<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e 33\u2019<span class=\"_ _9\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc08\">app<span class=\"_ _7\"></span>licab<span class=\"_ _7\"></span>le excess of lo<span class=\"_ _7\"></span>ss prop<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ty c<span class=\"_ _7\"></span>atastrop<span class=\"_ _7\"></span>he reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e, marine, terro<span class=\"_ _7\"></span>rism a<span class=\"_ _7\"></span>nd cybe<span class=\"_ _7\"></span>r acco<span class=\"_ _7\"></span>unts;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsc09\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws19c gsc0a\">  <span class=\"_ _a\"></span><span class=\"ff5f ls38 ws41\">gea<span class=\"_ _7\"></span>ring q<span class=\"_ _7\"></span>uota sha<span class=\"_ _7\"></span>res \u2013 histori<span class=\"_ _7\"></span>call<span class=\"_ _7\"></span>y the Group h<span class=\"_ _7\"></span>as use<span class=\"_ _7\"></span>d reinsu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>apit<span class=\"_ _7\"></span>al to fund its c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>l requi<span class=\"_ _7\"></span>rement fo<span class=\"_ _7\"></span>r shor<span class=\"_ _7\"></span>t-<span class=\"_ _9\"></span>term </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc0b\">expan<span class=\"_ _7\"></span>sions i<span class=\"_ _7\"></span>n the volume of bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wri<span class=\"_ _7\"></span>tten by the Sy<span class=\"_ _7\"></span>ndic<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>; and </div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsc0c\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws19c gsc0d\">  <span class=\"_ _a\"></span><span class=\"ff5f ls38 ws41\">qua<span class=\"_ _7\"></span>lif<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g quota sha<span class=\"_ _7\"></span>res an<span class=\"_ _7\"></span>d legac<span class=\"_ _7\"></span>y por<span class=\"_ _7\"></span>tfo<span class=\"_ _7\"></span>lio trans<span class=\"_ _7\"></span>action<span class=\"_ _7\"></span>s \u2013 these a<span class=\"_ _7\"></span>re reinsu<span class=\"_ _7\"></span>rance a<span class=\"_ _7\"></span>rran<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nts that allow th<span class=\"_ _7\"></span>e Group to </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc0e\">incre<span class=\"_ _7\"></span>ase the a<span class=\"_ _7\"></span>mount of pre<span class=\"_ _7\"></span>mium it w<span class=\"_ _7\"></span>rites.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls39 ws43 gsc0f\">Financial strength<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsc10\">The financial str<span class=\"_ _9\"></span>ength rat<span class=\"_ _9\"></span>ings of<span class=\"_ _9\"></span> the Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s significant insurance<span class=\"_ _9\"></span> company subsidiaries are<span class=\"_ _9\"></span> outlined below<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"gsc11\"><table class=\"s w269 h9d\" id=\"_75c9589a-68b6-4993-bc23-eec512983eaf\"><tr><td></td><td class=\"c n x507 y1fb0 w26a h9a\"><div class=\"t m0 x1b6 h44 y1faf ff5f fs28 fc2 sc0 lse4 ws15d\">A.M<span class=\"_ _7\"></span>. Bes<span class=\"_ _7\"></span>t<span class=\"_ _304\"> </span></div></td><td class=\"c n x508 y1fb0 w26b h9a\"><div class=\"t m0 x1b6 h44 y1faf ff5f fs28 fc2 sc0 lsf2 ws13e\">Fi<span class=\"_ _7\"></span>tch<span class=\"_ _304\"> </span></div></td><td class=\"c n x509 y1fb0 w26c h9a\"><div class=\"t m0 x1b6 h44 y1faf ff5f fs28 fc2 sc0 lse6 ws12d\">S&amp;P<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fb1 w26d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Hisco<span class=\"_ _9\"></span>x Insurance Company<span class=\"_ _9\"></span> Limited<span class=\"_ _304\"> </span></div></td><td class=\"c n x50a y1fb1 w26e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa9 wsc6\">A (<span class=\"_ _7\"></span>E<span class=\"_ _7\"></span>xce<span class=\"_ _7\"></span>ll<span class=\"_ _7\"></span>en<span class=\"_ _7\"></span>t)<span class=\"_ _304\"> </span></div></td><td class=\"c n x50b y1fb1 w26f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsc9 wsea\">A+<span class=\"_ _304\"> </span></div></td><td class=\"c n x50c y1fb1 w270 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws116\">A (S<span class=\"_ _7\"></span>tro<span class=\"_ _7\"></span>ng)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f41 w271 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Hisco<span class=\"_ _9\"></span>x Insurance Company<span class=\"_ _9\"></span> (Bermuda) Limit<span class=\"_ _9\"></span>ed<span class=\"_ _304\"> </span></div></td><td class=\"c n x50d y1f41 w26e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa9 wsc6\">A (<span class=\"_ _7\"></span>E<span class=\"_ _7\"></span>xce<span class=\"_ _7\"></span>ll<span class=\"_ _7\"></span>en<span class=\"_ _7\"></span>t)<span class=\"_ _304\"> </span></div></td><td class=\"c n x50e y1f41 w272 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsc9 wsea\">A+<span class=\"_ _304\"> </span></div></td><td class=\"c n x50f y1f41 w273 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws116\">A (S<span class=\"_ _7\"></span>tro<span class=\"_ _7\"></span>ng)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f42 w274 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Hisco<span class=\"_ _9\"></span>x Insur<span class=\"_ _9\"></span>ance Compan<span class=\"_ _9\"></span>y (Guernse<span class=\"_ _9\"></span>y) Limi<span class=\"_ _9\"></span>ted<span class=\"_ _304\"> </span></div></td><td class=\"c n x510 y1f42 w26e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa9 wsc6\">A (<span class=\"_ _7\"></span>E<span class=\"_ _7\"></span>xce<span class=\"_ _7\"></span>ll<span class=\"_ _7\"></span>en<span class=\"_ _7\"></span>t)<span class=\"_ _304\"> </span></div></td><td class=\"c n x511 y1f42 w272 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsc9 wsea\">A+<span class=\"_ _304\"> </span></div></td><td class=\"c n x512 y1f42 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e7d w275 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Hiscox Insurance Compa<span class=\"_ _7\"></span>ny<span class=\"_ _9\"></span> Inc.<span class=\"_ _304\"> </span></div></td><td class=\"c n x513 y1e7d w26e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa9 wsc6\">A (<span class=\"_ _7\"></span>E<span class=\"_ _7\"></span>xce<span class=\"_ _7\"></span>l<span class=\"_ _7\"></span>le<span class=\"_ _7\"></span>nt)<span class=\"_ _304\"> </span></div></td><td class=\"c n x514 y1e7d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x515 y1e7d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w276 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Hiscox<span class=\"_ _9\"></span> Soci\u00e9t\u00e9 Anonyme<span class=\"_ _304\"> </span></div></td><td class=\"c n x516 y1e80 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x517 y1e80 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x518 y1e80 w277 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws116\">A (<span class=\"_ _7\"></span>St<span class=\"_ _7\"></span>ron<span class=\"_ _7\"></span>g)<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc12\">Syn<span class=\"_ _7\"></span>dicate 33 be<span class=\"_ _7\"></span>nefits f<span class=\"_ _7\"></span>rom an A.M. Be<span class=\"_ _7\"></span>st rating of A (E<span class=\"_ _7\"></span>xcell<span class=\"_ _7\"></span>ent)<span class=\"_ _9\"></span>. In addi<span class=\"_ _7\"></span>tion, the Sy<span class=\"_ _7\"></span>ndicate al<span class=\"_ _7\"></span>so bene<span class=\"_ _7\"></span>fits from the L<span class=\"_ _7\"></span>loyd\u2019<span class=\"_ _a\"></span>s rati<span class=\"_ _7\"></span>ngs <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc13\">of A<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>(E<span class=\"_ _7\"></span>xcelle<span class=\"_ _7\"></span>nt) from A.M. Be<span class=\"_ _7\"></span>st, A<span class=\"_ _7\"></span>A- (Ver<span class=\"_ _7\"></span>y strong) fro<span class=\"_ _7\"></span>m S&amp;P<span class=\"_ _20\"></span>, A<span class=\"_ _7\"></span>A- (<span class=\"_ _7\"></span>Ver<span class=\"_ _7\"></span>y strong) from Fi<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ch a<span class=\"_ _7\"></span>nd A<span class=\"_ _7\"></span>A- (<span class=\"_ _7\"></span>V<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>y s<span class=\"_ _7\"></span>trong) from Kro<span class=\"_ _7\"></span>ll Bond <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc14\">Rating Ag<span class=\"_ _7\"></span>ency<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gsc15\">Capital performance<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc16\">The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s ma<span class=\"_ _7\"></span>in cap<span class=\"_ _7\"></span>ital p<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce me<span class=\"_ _7\"></span>asure i<span class=\"_ _7\"></span>s the achi<span class=\"_ _7\"></span>eved return on e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y (ROE<span class=\"_ _7\"></span>). This mar<span class=\"_ _7\"></span>ker alig<span class=\"_ _7\"></span>ns the asp<span class=\"_ _7\"></span>irations of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc17\">emp<span class=\"_ _7\"></span>loyees a<span class=\"_ _7\"></span>nd share<span class=\"_ _7\"></span>hold<span class=\"_ _7\"></span>ers. As va<span class=\"_ _7\"></span>riab<span class=\"_ _7\"></span>le remun<span class=\"_ _7\"></span>eratio<span class=\"_ _7\"></span>n relates dire<span class=\"_ _7\"></span>ctly to ROE and i<span class=\"_ _7\"></span>t is use<span class=\"_ _7\"></span>d as a key metric wi<span class=\"_ _7\"></span>thin the bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc18\">pla<span class=\"_ _7\"></span>nning p<span class=\"_ _7\"></span>roces<span class=\"_ _7\"></span>s, this conc<span class=\"_ _7\"></span>ept is em<span class=\"_ _7\"></span>bedd<span class=\"_ _7\"></span>ed in the wor<span class=\"_ _7\"></span>king<span class=\"_ _7\"></span>s and cu<span class=\"_ _7\"></span>lture of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>e Group se<span class=\"_ _7\"></span>eks to maint<span class=\"_ _7\"></span>ain its co<span class=\"_ _7\"></span>st of<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc19\">cap<span class=\"_ _7\"></span>ital leve<span class=\"_ _7\"></span>ls and its d<span class=\"_ _7\"></span>ebt to ov<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>all equ<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y ratios in lin<span class=\"_ _7\"></span>e with other<span class=\"_ _7\"></span>s in the no<span class=\"_ _7\"></span>n-life insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e industr<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls39 ws43 gsc1a\">Capital modelling and r<span class=\"_ _9\"></span>egulation<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc1b\">The c<span class=\"_ _7\"></span>apit<span class=\"_ _7\"></span>al requ<span class=\"_ _7\"></span>ireme<span class=\"_ _7\"></span>nts of an insur<span class=\"_ _7\"></span>ance g<span class=\"_ _7\"></span>roup are deter<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>d by its exposure to ri<span class=\"_ _7\"></span>sk and the s<span class=\"_ _7\"></span>olvenc<span class=\"_ _7\"></span>y criter<span class=\"_ _7\"></span>ia esta<span class=\"_ _7\"></span>blish<span class=\"_ _7\"></span>ed by </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc1c\">man<span class=\"_ _7\"></span>agem<span class=\"_ _7\"></span>ent and st<span class=\"_ _7\"></span>atutor<span class=\"_ _7\"></span>y regul<span class=\"_ _7\"></span>ations.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc1d\">The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>l require<span class=\"_ _7\"></span>ments a<span class=\"_ _7\"></span>re manag<span class=\"_ _7\"></span>ed both ce<span class=\"_ _7\"></span>ntrally a<span class=\"_ _7\"></span>nd at a regu<span class=\"_ _7\"></span>lated entit<span class=\"_ _7\"></span>y level. Th<span class=\"_ _7\"></span>e asse<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>d capi<span class=\"_ _7\"></span>tal requ<span class=\"_ _7\"></span>ireme<span class=\"_ _7\"></span>nt </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsc1e\">for t<span class=\"_ _9\"></span>he business placed thr<span class=\"_ _9\"></span>ough Hisco<span class=\"_ _9\"></span>x Insurance Compan<span class=\"_ _9\"></span>y Limited<span class=\"_ _9\"></span>, Hisco<span class=\"_ _9\"></span>x Insurance Compan<span class=\"_ _9\"></span>y (Bermuda) Limit<span class=\"_ _9\"></span>ed, Hi<span class=\"_ _9\"></span>scox<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc1f\">Insu<span class=\"_ _7\"></span>rance C<span class=\"_ _7\"></span>ompany (Gu<span class=\"_ _7\"></span>erns<span class=\"_ _7\"></span>ey) Limited, His<span class=\"_ _7\"></span>cox Insura<span class=\"_ _7\"></span>nce Co<span class=\"_ _7\"></span>mpany Inc.<span class=\"_ _9\"></span>, Hisc<span class=\"_ _7\"></span>ox Soci\u00e9t\u00e9 An<span class=\"_ _7\"></span>onyme a<span class=\"_ _7\"></span>nd Dire<span class=\"_ _7\"></span>ct Asia I<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc20\">(Singa<span class=\"_ _7\"></span>pore) Pte Li<span class=\"_ _7\"></span>mited is dr<span class=\"_ _7\"></span>iven by the level of re<span class=\"_ _7\"></span>source<span class=\"_ _7\"></span>s nec<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y to maintai<span class=\"_ _7\"></span>n regul<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y re<span class=\"_ _7\"></span>quirem<span class=\"_ _7\"></span>ents.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff5f fs7 fc3 sc0 ls39 ws43 gsc22\">Capital modelling and r<span class=\"_ _9\"></span>egulation continued<span class=\"_ _9\"></span><span class=\"ff63 ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc23\">The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s re<span class=\"_ _7\"></span>gulator<span class=\"_ _7\"></span>y ca<span class=\"_ _7\"></span>pital i<span class=\"_ _7\"></span>s super<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ised by the B<span class=\"_ _7\"></span>ermu<span class=\"_ _7\"></span>da Mon<span class=\"_ _7\"></span>etar<span class=\"_ _7\"></span>y Auth<span class=\"_ _7\"></span>orit<span class=\"_ _7\"></span>y (BMA<span class=\"_ _7\"></span>)<span class=\"_ _9\"></span>. The G<span class=\"_ _7\"></span>roup had s<span class=\"_ _7\"></span>uf<span class=\"_ _7\"></span>ficie<span class=\"_ _7\"></span>nt capi<span class=\"_ _7\"></span>tal at all </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc24\">time<span class=\"_ _7\"></span>s througho<span class=\"_ _7\"></span>ut the yea<span class=\"_ _7\"></span>r t<span class=\"_ _9\"></span>o me<span class=\"_ _7\"></span>et the BMA<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s re<span class=\"_ _7\"></span>quire<span class=\"_ _7\"></span>ments. Th<span class=\"_ _7\"></span>e Solve<span class=\"_ _7\"></span>ncy II regi<span class=\"_ _7\"></span>me cam<span class=\"_ _7\"></span>e into force in Europe on 1 J<span class=\"_ _7\"></span>anua<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y 20<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>6. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc25\">Thi<span class=\"_ _7\"></span>s require<span class=\"_ _7\"></span>s insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ompan<span class=\"_ _7\"></span>ies to cal<span class=\"_ _7\"></span>culate their c<span class=\"_ _7\"></span>apit<span class=\"_ _7\"></span>al requi<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nts using e<span class=\"_ _7\"></span>ither a<span class=\"_ _7\"></span>n interna<span class=\"_ _7\"></span>l mode<span class=\"_ _7\"></span>l or a stand<span class=\"_ _7\"></span>ard form<span class=\"_ _7\"></span>ula. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc26\">Hisc<span class=\"_ _7\"></span>ox Insuran<span class=\"_ _7\"></span>ce Com<span class=\"_ _7\"></span>pany Lim<span class=\"_ _7\"></span>ited and His<span class=\"_ _7\"></span>cox Soci\u00e9<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>\u00e9 A<span class=\"_ _7\"></span>nonyme u<span class=\"_ _7\"></span>se the sta<span class=\"_ _7\"></span>ndard for<span class=\"_ _7\"></span>mula to cal<span class=\"_ _7\"></span>culate their re<span class=\"_ _7\"></span>gulator<span class=\"_ _7\"></span>y ca<span class=\"_ _7\"></span>pital </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc27\">requ<span class=\"_ _7\"></span>ireme<span class=\"_ _7\"></span>nts. Thei<span class=\"_ _7\"></span>r risk profil<span class=\"_ _7\"></span>es are su<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ficie<span class=\"_ _7\"></span>ntly well re<span class=\"_ _7\"></span>prese<span class=\"_ _7\"></span>nted by the stand<span class=\"_ _7\"></span>ard formu<span class=\"_ _7\"></span>la not to warrant g<span class=\"_ _7\"></span>oing throu<span class=\"_ _7\"></span>gh the inter<span class=\"_ _7\"></span>nal </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc28\">mode<span class=\"_ _7\"></span>l approval p<span class=\"_ _7\"></span>roces<span class=\"_ _7\"></span>s. Hiscox\u2019<span class=\"_ _9\"></span>s Lloyd\u2019<span class=\"_ _a\"></span>s o<span class=\"_ _7\"></span>peratio<span class=\"_ _7\"></span>ns use the i<span class=\"_ _7\"></span>nternal m<span class=\"_ _7\"></span>odel th<span class=\"_ _7\"></span>at has be<span class=\"_ _7\"></span>en buil<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o me<span class=\"_ _7\"></span>et the requ<span class=\"_ _7\"></span>ireme<span class=\"_ _7\"></span>nts of the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc29\">Sol<span class=\"_ _7\"></span>vency II reg<span class=\"_ _7\"></span>ime. The m<span class=\"_ _7\"></span>odel is c<span class=\"_ _7\"></span>once<span class=\"_ _7\"></span>ntrated spe<span class=\"_ _7\"></span>cifica<span class=\"_ _7\"></span>lly on th<span class=\"_ _7\"></span>e par<span class=\"_ _7\"></span>ticul<span class=\"_ _7\"></span>ar produ<span class=\"_ _7\"></span>ct line<span class=\"_ _7\"></span>s, market co<span class=\"_ _7\"></span>nditio<span class=\"_ _7\"></span>ns and ri<span class=\"_ _7\"></span>sk app<span class=\"_ _7\"></span>etite of<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls99 wsb0 gsc2a\">each ri<span class=\"_ _9\"></span>sk carrier<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc2b\">For Sy<span class=\"_ _7\"></span>ndicate 33 a<span class=\"_ _7\"></span>nd Syn<span class=\"_ _7\"></span>dicate 362<span class=\"_ _9\"></span>4<span class=\"_ _9\"></span>, inter<span class=\"_ _7\"></span>nal mo<span class=\"_ _7\"></span>del res<span class=\"_ _7\"></span>ults are up<span class=\"_ _7\"></span>lif<span class=\"_ _7\"></span>ted by Lloyd\u2019<span class=\"_ _9\"></span>s t<span class=\"_ _9\"></span>o the leve<span class=\"_ _7\"></span>l of capit<span class=\"_ _7\"></span>al requi<span class=\"_ _7\"></span>red to suppor<span class=\"_ _7\"></span>t i<span class=\"_ _7\"></span>ts<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc2c\">ratings. Ca<span class=\"_ _7\"></span>pita<span class=\"_ _7\"></span>l model<span class=\"_ _7\"></span>s are use<span class=\"_ _7\"></span>d more wid<span class=\"_ _7\"></span>ely ac<span class=\"_ _7\"></span>ross the G<span class=\"_ _7\"></span>roup to monitor expo<span class=\"_ _7\"></span>sure to k<span class=\"_ _9\"></span>ey ri<span class=\"_ _7\"></span>sk ty<span class=\"_ _7\"></span>pes, info<span class=\"_ _7\"></span>rm dec<span class=\"_ _7\"></span>ision<span class=\"_ _7\"></span>-mak<span class=\"_ _7\"></span>ing and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc2d\">mea<span class=\"_ _7\"></span>sure ROE a<span class=\"_ _7\"></span>cross di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferent se<span class=\"_ _7\"></span>gmen<span class=\"_ _7\"></span>ts of the busin<span class=\"_ _7\"></span>ess. From the 20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>6 year e<span class=\"_ _7\"></span>nd, the Group h<span class=\"_ _7\"></span>as bee<span class=\"_ _7\"></span>n requi<span class=\"_ _7\"></span>red to publis<span class=\"_ _7\"></span>h<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc2e\">a fina<span class=\"_ _7\"></span>ncial c<span class=\"_ _7\"></span>onditi<span class=\"_ _7\"></span>on repo<span class=\"_ _7\"></span>rt, as pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t of its regul<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y fil<span class=\"_ _7\"></span>ing with th<span class=\"_ _7\"></span>e BMA<span class=\"_ _7\"></span>. This is a p<span class=\"_ _7\"></span>ublic d<span class=\"_ _7\"></span>ocume<span class=\"_ _7\"></span>nt and s<span class=\"_ _7\"></span>ets out the fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc2f\">per<span class=\"_ _7\"></span>fo<span class=\"_ _7\"></span>rman<span class=\"_ _7\"></span>ce and so<span class=\"_ _7\"></span>lvency p<span class=\"_ _7\"></span>ositio<span class=\"_ _7\"></span>n of the Group in a<span class=\"_ _7\"></span>ccord<span class=\"_ _7\"></span>ance w<span class=\"_ _7\"></span>ith the eco<span class=\"_ _7\"></span>nomic b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et return fil<span class=\"_ _7\"></span>ed with th<span class=\"_ _7\"></span>e BMA<span class=\"_ _7\"></span>. It is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc30\">intende<span class=\"_ _7\"></span>d to provide the pu<span class=\"_ _7\"></span>blic wi<span class=\"_ _7\"></span>th cer<span class=\"_ _7\"></span>tai<span class=\"_ _7\"></span>n inform<span class=\"_ _7\"></span>ation to be able to make infor<span class=\"_ _7\"></span>med a<span class=\"_ _7\"></span>sses<span class=\"_ _7\"></span>sme<span class=\"_ _7\"></span>nts about th<span class=\"_ _7\"></span>e Group. In the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsc31\">other<span class=\"_ _9\"></span> geographical territories<span class=\"_ _9\"></span>, including t<span class=\"_ _9\"></span>he USA and Asia<span class=\"_ _9\"></span>, its sub<span class=\"_ _9\"></span>sidiaries under<span class=\"_ _7\"></span>writing insurance<span class=\"_ _9\"></span> business are requir<span class=\"_ _9\"></span>ed to<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc32\">ope<span class=\"_ _7\"></span>rate within broa<span class=\"_ _7\"></span>dly sim<span class=\"_ _7\"></span>ilar r<span class=\"_ _7\"></span>isk<span class=\"_ _9\"></span>-base<span class=\"_ _7\"></span>d exter<span class=\"_ _7\"></span>nall<span class=\"_ _7\"></span>y impose<span class=\"_ _7\"></span>d cap<span class=\"_ _7\"></span>ital req<span class=\"_ _7\"></span>uirem<span class=\"_ _7\"></span>ents whe<span class=\"_ _7\"></span>n acce<span class=\"_ _7\"></span>pting busi<span class=\"_ _7\"></span>nes<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc33\">Dur<span class=\"_ _7\"></span>ing the yea<span class=\"_ _7\"></span>r the Grou<span class=\"_ _7\"></span>p was in com<span class=\"_ _7\"></span>plian<span class=\"_ _7\"></span>ce with c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>l requi<span class=\"_ _7\"></span>rements i<span class=\"_ _7\"></span>mpose<span class=\"_ _7\"></span>d by regulators i<span class=\"_ _7\"></span>n each j<span class=\"_ _7\"></span>urisd<span class=\"_ _7\"></span>iction w<span class=\"_ _7\"></span>here the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc34\">Grou<span class=\"_ _7\"></span>p operates.<span class=\"_ _304\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-433": {
   "value": "<div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc36\">The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s op<span class=\"_ _7\"></span>erating s<span class=\"_ _7\"></span>egme<span class=\"_ _7\"></span>nt repor<span class=\"_ _7\"></span>ti<span class=\"_ _7\"></span>ng follows the o<span class=\"_ _7\"></span>rganis<span class=\"_ _7\"></span>ationa<span class=\"_ _7\"></span>l structu<span class=\"_ _7\"></span>re and ma<span class=\"_ _7\"></span>nagem<span class=\"_ _7\"></span>ent\u2019<span class=\"_ _9\"></span>s intern<span class=\"_ _7\"></span>al repo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>ng systems,<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc37\">whi<span class=\"_ _7\"></span>ch form the b<span class=\"_ _7\"></span>asis for a<span class=\"_ _7\"></span>sses<span class=\"_ _7\"></span>sing the fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting pe<span class=\"_ _7\"></span>rfo<span class=\"_ _7\"></span>rman<span class=\"_ _7\"></span>ce of<span class=\"_ _9\"></span>, and a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>ation of resou<span class=\"_ _7\"></span>rces to, each bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s segm<span class=\"_ _7\"></span>ent.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsc38\">The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s four primary business segments are i<span class=\"_ _9\"></span>dentified as fol<span class=\"_ _9\"></span>lows<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsc39\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws19c gsc3a\">  <span class=\"_ _a\"></span><span class=\"ff5f ws4\"> <span class=\"_ _bc\"></span><span class=\"ff64 ls3d ws46\">Hisco<span class=\"_ _9\"></span>x Retai<span class=\"_ _9\"></span>l <span class=\"ff5f ls38 ws41\">bri<span class=\"_ _7\"></span>ngs togethe<span class=\"_ _7\"></span>r the resul<span class=\"_ _7\"></span>ts of the Group\u2019<span class=\"_ _a\"></span>s ret<span class=\"_ _7\"></span>ail bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s divi<span class=\"_ _7\"></span>sions i<span class=\"_ _7\"></span>n the UK, Europ<span class=\"_ _7\"></span>e, USA and Asi<span class=\"_ _7\"></span>a. Hiscox UK<span class=\"_ _304\"> </span></span></span></span><span class=\"ff5f ws4\"><span class=\"ff64 ls3d ws46\"><span class=\"ff5f ls38 ws41\"> </span></span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsc3b\">and Hisco<span class=\"_ _9\"></span>x Eur<span class=\"_ _9\"></span>ope under<span class=\"_ _7\"></span>write<span class=\"_ _9\"></span> personal and commercial lines o<span class=\"_ _9\"></span>f business thr<span class=\"_ _9\"></span>ough Hiscox<span class=\"_ _9\"></span> Insurance Company<span class=\"_ _9\"></span> Limited and<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsc3c\">Hisco<span class=\"_ _9\"></span>x Soci\u00e9t\u00e9<span class=\"_ _9\"></span> Anonyme (Hisco<span class=\"_ _9\"></span>x SA)<span class=\"_ _9\"></span>,<span class=\"_ _9\"></span> toget<span class=\"_ _9\"></span>her with the<span class=\"_ _9\"></span> fine ar<span class=\"_ _7\"></span>t and<span class=\"_ _9\"></span> non-US household ins<span class=\"_ _9\"></span>urance business written thr<span class=\"_ _9\"></span>ough<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsc3d\">Syndicate<span class=\"_ _9\"></span> 33. Hi<span class=\"_ _9\"></span>scox US<span class=\"_ _9\"></span>A comprises commercial,<span class=\"_ _9\"></span> proper<span class=\"_ _7\"></span>ty and specialty business written by<span class=\"_ _9\"></span> Hiscox I<span class=\"_ _9\"></span>nsurance Company<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc3e\">Inc. and S<span class=\"_ _7\"></span>yndi<span class=\"_ _7\"></span>cate 362<span class=\"_ _9\"></span>4<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsc3f\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws19c gsc40\">  <span class=\"_ _a\"></span><span class=\"ff5f ws4\"> <span class=\"_ _bc\"></span><span class=\"ff64 ls38 ws41\">Hiscox Lon<span class=\"_ _7\"></span>don Mar<span class=\"_ _7\"></span>ket <span class=\"ff5f ls3b ws44\">comprises t<span class=\"_ _9\"></span>he int<span class=\"_ _9\"></span>ernationally tr<span class=\"_ _9\"></span>aded insurance business written b<span class=\"_ _9\"></span>y the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> London-based<span class=\"_ _304\"> </span></span></span></span><span class=\"ff5f ws4\"><span class=\"ff64 ls38 ws41\"><span class=\"ff5f ls3b ws44\"><span class=\"_ _9\"></span> </span></span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc41\">und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wri<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rs via S<span class=\"_ _7\"></span>yndic<span class=\"_ _7\"></span>ate 33, includi<span class=\"_ _7\"></span>ng line<span class=\"_ _7\"></span>s in prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>, mar<span class=\"_ _7\"></span>ine and e<span class=\"_ _7\"></span>nerg<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, ca<span class=\"_ _7\"></span>sual<span class=\"_ _7\"></span>ty a<span class=\"_ _7\"></span>nd other sp<span class=\"_ _7\"></span>ecia<span class=\"_ _7\"></span>lty i<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce lin<span class=\"_ _7\"></span>es;<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsc42\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws4 gsc43\"> <span class=\"_ _e\"></span><span class=\"ff6a ws240\">  <span class=\"ff64 ls38 ws41\">Hiscox Re &amp; ILS <span class=\"ff5f ls3b ws44\">is the r<span class=\"_ _9\"></span>einsurance division o<span class=\"_ _9\"></span>f the Hisco<span class=\"_ _9\"></span>x Group<span class=\"_ _9\"></span>,<span class=\"_ _9\"></span> combining the underwriting platforms in<span class=\"_ _9\"></span> Bermuda and<span class=\"_ _304\"> </span></span></span></span><span class=\"ff6a ws240\"><span class=\"ff64 ls38 ws41\"><span class=\"ff5f ls3b ws44\"> </span></span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsc44\">London<span class=\"_ _9\"></span>. The segment comprises the<span class=\"_ _9\"></span> per<span class=\"_ _7\"></span>formance of<span class=\"_ _9\"></span> Hiscox I<span class=\"_ _9\"></span>nsurance Company (<span class=\"_ _9\"></span>Bermuda) Limited<span class=\"_ _9\"></span>, ex<span class=\"_ _9\"></span>cluding t<span class=\"_ _9\"></span>he int<span class=\"_ _9\"></span>ernal<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc45\">quota s<span class=\"_ _7\"></span>hare ar<span class=\"_ _7\"></span>range<span class=\"_ _7\"></span>ments, wi<span class=\"_ _7\"></span>th the reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts writ<span class=\"_ _7\"></span>ten by Synd<span class=\"_ _7\"></span>icate 33. In addi<span class=\"_ _7\"></span>tion, the hea<span class=\"_ _7\"></span>lthca<span class=\"_ _7\"></span>re and ca<span class=\"_ _7\"></span>sualt<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc46\">reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts previou<span class=\"_ _7\"></span>sly wr<span class=\"_ _7\"></span>itten i<span class=\"_ _7\"></span>n Ber<span class=\"_ _7\"></span>muda on S<span class=\"_ _7\"></span>yndi<span class=\"_ _7\"></span>cate capac<span class=\"_ _7\"></span>ity a<span class=\"_ _7\"></span>re also in<span class=\"_ _7\"></span>clude<span class=\"_ _7\"></span>d. The se<span class=\"_ _7\"></span>gment a<span class=\"_ _7\"></span>lso inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>s the<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc47\">per<span class=\"_ _7\"></span>fo<span class=\"_ _7\"></span>rman<span class=\"_ _7\"></span>ce and fe<span class=\"_ _7\"></span>e incom<span class=\"_ _7\"></span>e from the ILS f<span class=\"_ _7\"></span>unds, al<span class=\"_ _7\"></span>ong wi<span class=\"_ _7\"></span>th the gains a<span class=\"_ _7\"></span>nd los<span class=\"_ _7\"></span>ses mad<span class=\"_ _7\"></span>e as a resu<span class=\"_ _7\"></span>lt of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s investment<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc48\">in the f<span class=\"_ _7\"></span>unds;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsc49\">A</div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls8 ws19c gsc4a\">  <span class=\"_ _a\"></span><span class=\"ff5f ws4\"> <span class=\"_ _bc\"></span><span class=\"ff64 ls3b ws44\">Corporate<span class=\"_ _9\"></span> Centre <span class=\"ff5f ls38 ws41\">compr<span class=\"_ _7\"></span>ises fi<span class=\"_ _7\"></span>nance c<span class=\"_ _7\"></span>osts and a<span class=\"_ _7\"></span>dminis<span class=\"_ _7\"></span>trative costs as<span class=\"_ _7\"></span>soci<span class=\"_ _7\"></span>ated with Grou<span class=\"_ _7\"></span>p mana<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt activ<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>nd<span class=\"_ _304\"> </span></span></span></span><span class=\"ff5f ws4\"><span class=\"ff64 ls3b ws44\"><span class=\"ff5f ls38 ws41\"> </span></span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc4b\">intragro<span class=\"_ _7\"></span>up bor<span class=\"_ _7\"></span>rowings, as wel<span class=\"_ _7\"></span>l as all fore<span class=\"_ _7\"></span>ign exchang<span class=\"_ _7\"></span>e gain<span class=\"_ _7\"></span>s and los<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc4c\">All a<span class=\"_ _7\"></span>mounts re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ted on the fol<span class=\"_ _7\"></span>lowing pag<span class=\"_ _7\"></span>es rep<span class=\"_ _7\"></span>resen<span class=\"_ _7\"></span>t transac<span class=\"_ _7\"></span>tions wi<span class=\"_ _7\"></span>th extern<span class=\"_ _7\"></span>al par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s onl<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. In th<span class=\"_ _7\"></span>e norma<span class=\"_ _7\"></span>l cour<span class=\"_ _7\"></span>se of trade,<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc4d\">the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s entitie<span class=\"_ _7\"></span>s enter into vario<span class=\"_ _7\"></span>us reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e arra<span class=\"_ _7\"></span>ngem<span class=\"_ _7\"></span>ents wi<span class=\"_ _7\"></span>th one anothe<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>. T<span class=\"_ _7\"></span>he related re<span class=\"_ _7\"></span>sults of thes<span class=\"_ _7\"></span>e transa<span class=\"_ _7\"></span>ctions a<span class=\"_ _7\"></span>re<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc4e\">elim<span class=\"_ _7\"></span>inated on co<span class=\"_ _7\"></span>nsoli<span class=\"_ _7\"></span>dation an<span class=\"_ _7\"></span>d are not incl<span class=\"_ _7\"></span>uded w<span class=\"_ _7\"></span>ithin the re<span class=\"_ _7\"></span>sults of the se<span class=\"_ _7\"></span>gme<span class=\"_ _7\"></span>nts. This is c<span class=\"_ _7\"></span>onsistent w<span class=\"_ _7\"></span>ith the infor<span class=\"_ _7\"></span>mation u<span class=\"_ _7\"></span>sed by<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc4f\">the chi<span class=\"_ _7\"></span>ef ope<span class=\"_ _7\"></span>rating de<span class=\"_ _7\"></span>cisio<span class=\"_ _7\"></span>n-maker wh<span class=\"_ _7\"></span>en evalu<span class=\"_ _7\"></span>ating the res<span class=\"_ _7\"></span>ults of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>. Per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>manc<span class=\"_ _7\"></span>e is mea<span class=\"_ _7\"></span>sured ba<span class=\"_ _7\"></span>sed on e<span class=\"_ _7\"></span>ach rep<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tabl<span class=\"_ _7\"></span>e<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc50\">seg<span class=\"_ _7\"></span>ment\u2019<span class=\"_ _9\"></span>s profit o<span class=\"_ _7\"></span>r loss be<span class=\"_ _7\"></span>fore ta<span class=\"_ _7\"></span>x and co<span class=\"_ _7\"></span>mbine<span class=\"_ _7\"></span>d ratio.<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls3e ws47 gsc51\">4 Operating<span class=\"_ _9\"></span> segments<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gsc53\">(a) Pro<span class=\"_ _9\"></span>fit b<span class=\"_ _7\"></span>efore ta<span class=\"_ _7\"></span>x by segm<span class=\"_ _7\"></span>ent<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gsc54\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar ende<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _304\"> </span></div><div class=\"gsc55\"><table class=\"s w278 hb1\" id=\"_30abf467-1c32-428f-a87d-18bea2dc4bc0\"><tr><td></td><td></td><td class=\"t m0 x519 h43 y1fb2 ff64 fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x51a h43 y1fb3 ff64 fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td class=\"t m0 x51b h43 y1fb3 ff64 fs28 fc2 sc0 lsed ws17b\">London </td><td class=\"t m0 x51c h43 y1fb3 ff64 fs28 fc2 sc0 ls14e ws241\">His<span class=\"_ _7\"></span>cox<span class=\"_ _304\"> </span></td><td class=\"t m0 x51d h43 y1fb3 ff64 fs28 fc2 sc0 ls10a ws15c\">Corporate<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x51e h43 y1fb4 ff64 fs28 fc2 sc0 lsf3 ws13f\">Retail<span class=\"_ _304\"> </span></td><td class=\"t m0 x519 h43 y1fb4 ff64 fs28 fc2 sc0 ls8 ws4\">Ma<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ket </td><td class=\"t m0 x51f h43 y1fb4 ff64 fs28 fc2 sc0 lse4 ws15d\">Re &amp; IL<span class=\"_ _7\"></span>S<span class=\"_ _304\"> </span></td><td class=\"t m0 x520 h43 y1fb4 ff64 fs28 fc2 sc0 lsf0 ws1b9\">Centre<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y1fb4 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x521 h43 y1fb5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x522 h43 y1fb5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x523 h43 y1fb5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x524 h43 y1fb5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y1fb5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td></tr><tr><td class=\"c n x1b7 y1fb6 w10 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue<span class=\"_ _304\"> </span></div></td><td class=\"c n x525 y1fb6 w279 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x526 y1fb6 w27a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1,1<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>5<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x527 y1fb6 w27b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">9<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>9.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x528 y1fb6 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x529 y1fb6 w12 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">4,4<span class=\"_ _7\"></span>83.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1fb7 w27c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls89 ws43\">Insurance ser<span class=\"_ _7\"></span>vice e<span class=\"_ _9\"></span>xpe<span class=\"_ _7\"></span>nses<span class=\"_ _304\"> </span></div></td><td class=\"c n x52a y1fb7 w27d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(2,<span class=\"_ _7\"></span>072.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x52b y1fb7 w27e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(856.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x52c y1fb7 w27f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">(26<span class=\"_ _7\"></span>0.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x283 y1fb7 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x52d y1fb7 w280 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>3<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x52e y1fb7 w281 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">9<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fb8 w282 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6d ws44\">Incurred claims<span class=\"_ _9\"></span> and changes to<span class=\"_ _9\"></span> liabilities for<span class=\"_ _9\"></span> incurred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x52f y1fb8 w283 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3e ws162\">(983.<span class=\"_ _9\"></span>6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x530 y1fb8 w284 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">(486.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x531 y1fb8 w285 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(55.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x532 y1fb8 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x533 y1fb8 w286 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1,<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fb9 w287 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _9\"></span>*<span class=\"_ _304\"> </span></div></td><td class=\"c n x534 y1fb9 w288 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(6<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x535 y1fb9 w289 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>51.<span class=\"_ _9\"></span>1)<span class=\"_ _304\"> </span></div></td><td class=\"c n x536 y1fb9 w28a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>9<span class=\"_ _2c\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x2dc y1fb9 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x537 y1fb9 w28b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fba w28c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Oth<span class=\"_ _7\"></span>er attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>*<span class=\"_ _304\"> </span></div></td><td class=\"c n x538 y1fba w28d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x539 y1fba w28e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>8<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x53a y1fba w12a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(8<span class=\"_ _7\"></span>5.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x53b y1fba w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x53c y1fba w28f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fbb w290 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Losses on oner<span class=\"_ _9\"></span>ous contract<span class=\"_ _9\"></span>s and re<span class=\"_ _9\"></span>versals<span class=\"_ _304\"> </span></div></td><td class=\"c n x53d y1fbb w291 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(13<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x53e y1fbb w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x53f y1fbb w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x540 y1fbb w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x541 y1fbb w266 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(13<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fbc w16 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c ws45\">Insurance ser<span class=\"_ _7\"></span>vice result before<span class=\"_ _9\"></span> reinsurance contracts held<span class=\"_ _304\"> </span></div></td><td class=\"c n x542 y1fbc w226 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">265.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x543 y1fbc w292 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x544 y1fbc w293 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb4 wsd1\">70<span class=\"_ _7\"></span>9.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x545 y1fbc w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x546 y1fbc w17 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fbd w294 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums<span class=\"_ _304\"> </span></div></td><td class=\"c n x547 y1fbd w295 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">(250.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x548 y1fbd w296 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(3<span class=\"_ _7\"></span>36.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x549 y1fbd w297 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>53<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x54a y1fbd w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x54b y1fbd w298 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,11<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fbe w299 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Amount reco<span class=\"_ _9\"></span>verable from r<span class=\"_ _9\"></span>einsurers for<span class=\"_ _9\"></span> incurred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x54c y1fbe w2c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12c ws1b0\">16<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x54d y1fbe w29a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">19<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x54e y1fbe w29b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls16f ws230\">(<span class=\"_ _7\"></span>41.<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x54f y1fbe w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x550 y1fbe w1b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fbf w29c h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">Net expense fr<span class=\"_ _9\"></span>om reinsurance contracts held<span class=\"_ _304\"> </span></div></td><td class=\"c n x551 y1fbf w12a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsc9 wsea\">(8<span class=\"_ _7\"></span>5.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x552 y1fbf w29d h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x553 y1fbf w29e h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">(57<span class=\"_ _7\"></span>3.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x54f y1fbf w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x554 y1fbf w1dd h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc0 w29f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c ws45\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n x555 y1fc0 w2a0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x556 y1fc0 w2a1 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsad wsca\">17<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x557 y1fc0 w23a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x558 y1fc0 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x559 y1fc0 w20 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">492.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc1 w2a2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Inve<span class=\"_ _7\"></span>stme<span class=\"_ _7\"></span>nt re<span class=\"_ _7\"></span>sul<span class=\"_ _7\"></span>t<span class=\"_ _304\"> </span></div></td><td class=\"c n x55a y1fc1 w22 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">203<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x55b y1fc1 w166 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x55c y1fc1 w2a3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb4 wsd1\">70.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x55d y1fc1 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x55e y1fc1 w1e9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">3<span class=\"_ _7\"></span>84.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc2 w2a4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance exp<span class=\"_ _7\"></span>ense f<span class=\"_ _7\"></span>rom insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts<span class=\"_ _304\"> </span></div></td><td class=\"c n x55f y1fc2 w2a5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x560 y1fc2 w1fc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x561 y1fc2 w2a6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x562 y1fc2 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x563 y1fc2 w2a7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">(220.7)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc3 w2a8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance in<span class=\"_ _7\"></span>come f<span class=\"_ _7\"></span>rom reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n x564 y1fc3 w2a9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x565 y1fc3 w2aa h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x566 y1fc3 w164 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">3<span class=\"_ _7\"></span>5.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x567 y1fc3 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x568 y1fc3 w2a9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc4 w2ab h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">Net insurance finance i<span class=\"_ _9\"></span>ncome<span class=\"_ _304\"> </span></div></td><td class=\"c n x569 y1fc4 w2ac h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3a ws130\">(8<span class=\"_ _7\"></span>9.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x56a y1fc4 w2ad h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>3<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x56b y1fc4 w2ae h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lseb ws136\">(12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x56c y1fc4 w6f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x56d y1fc4 w2af h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lseb ws136\">(<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc5 w2b0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c ws45\">Net financial result<span class=\"_ _304\"> </span></div></td><td class=\"c n x56e y1fc5 w2b1 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls12a ws1ee\">11<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x56f y1fc5 w230 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">72.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x570 y1fc5 w2b2 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _8\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x571 y1fc5 w6f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x572 y1fc5 w2b3 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls15d ws211\">24<span class=\"_ _7\"></span>4.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc6 w2b4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Other income<span class=\"_ _304\"> </span></div></td><td class=\"c n x573 y1fc6 w28 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x574 y1fc6 w17b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">22.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x575 y1fc6 w2b5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls16f ws230\">41.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x576 y1fc6 w2b6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">6.3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x577 y1fc6 w2e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">9<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc7 w2b7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls21 ws99\">Other<span class=\"_ _9\"></span> operat<span class=\"_ _9\"></span>ional<span class=\"_ _9\"></span> expens<span class=\"_ _9\"></span>es*<span class=\"_ _304\"> </span></div></td><td class=\"c n x578 y1fc7 w2b8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x579 y1fc7 w2b9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(1<span class=\"_ _9\"></span>8.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x57a y1fc7 w112 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x57b y1fc7 w2ba h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _7\"></span>4<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x57c y1fc7 w2af h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc8 w2bb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net for<span class=\"_ _9\"></span>eign ex<span class=\"_ _9\"></span>change losses<span class=\"_ _304\"> </span></div></td><td class=\"c n x57d y1fc8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x57e y1fc8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x57f y1fc8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x580 y1fc8 w2bc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>2<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x581 y1fc8 w2ad h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc9 w2bd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Oth<span class=\"_ _7\"></span>er fina<span class=\"_ _7\"></span>nce cos<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n x582 y1fc9 w215 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls94 wsa9\">(0.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x583 y1fc9 w4d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x584 y1fc9 w2be h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x585 y1fca w2bf h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x586 y1fca w219 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa6 wsc1\">(50.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fcb w2c0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Sha<span class=\"_ _7\"></span>re of profits of asso<span class=\"_ _7\"></span>ciates<span class=\"_ _304\"> </span></div></td><td class=\"c n x587 y1fcb w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x588 y1fcb w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x589 y1fcb w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x58a y1fcb w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x58b y1fcb w179 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed2 w2c1 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">Profit<span class=\"_ _7\"></span>/(loss) befo<span class=\"_ _7\"></span>re ta<span class=\"_ _7\"></span>x<span class=\"_ _304\"> </span></div></td><td class=\"c n x58c y1ed2 w2c2 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x58d y1ed2 w2ae h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>51.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x58e y1ed2 w2c3 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x58f y1ed2 w2c4 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x590 y1ed2 wfa h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls78 ws122\">625<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y1fcc ff64 fs7 fc2 sc0 ls38 ws41\">Ratio a<span class=\"_ _7\"></span>nalysi<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f7e w2c5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cla<span class=\"_ _7\"></span>ims ratio (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x591 y1f7e w2c6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls16f ws230\">41.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x592 y1f7e w203 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">35.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x593 y1f7e w5d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x594 y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x595 y1f7e wa1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>7.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fcd w2c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">E<span class=\"_ _7\"></span>xpe<span class=\"_ _7\"></span>nse ratio (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x596 y1fcd w102 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">50.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x597 y1fcd w188 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">43.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x598 y1fcd w21e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x2a3 y1fcd w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x599 y1fcd w6e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">4<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w2c8 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">Comb<span class=\"_ _7\"></span>ined ra<span class=\"_ _7\"></span>tio (<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x59a y1e80 w2c9 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">91.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x59b y1e80 w6e h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">7<span class=\"_ _8\"></span>9<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x59c y1e80 wa2 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">68.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x59d y1e80 w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x59e y1e80 w215 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls74 ws82\">85.5<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 h5 ff5f fs2 fc2 sc0 lsc wsc gsc56\">* <span class=\"_ _e\"></span>T<span class=\"_ _9\"></span>otal m<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>keting e<span class=\"_ _7\"></span>xpe<span class=\"_ _7\"></span>ndi<span class=\"_ _7\"></span>ture fo<span class=\"_ _7\"></span>r the ye<span class=\"_ _7\"></span>ar wa<span class=\"_ _7\"></span>s $85.0 mi<span class=\"_ _7\"></span>llio<span class=\"_ _7\"></span>n (2022: $65.8 m<span class=\"_ _7\"></span>illi<span class=\"_ _7\"></span>on).<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc57\">The c<span class=\"_ _7\"></span>laim<span class=\"_ _7\"></span>s ratio is cal<span class=\"_ _7\"></span>culated as i<span class=\"_ _7\"></span>ncurre<span class=\"_ _7\"></span>d clai<span class=\"_ _7\"></span>ms and lo<span class=\"_ _7\"></span>sses o<span class=\"_ _7\"></span>n onero<span class=\"_ _7\"></span>us contra<span class=\"_ _7\"></span>cts net of reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e recover<span class=\"_ _7\"></span>ies, as a pro<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>tion </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc58\">of insur<span class=\"_ _7\"></span>ance reven<span class=\"_ _7\"></span>ue net of all<span class=\"_ _7\"></span>ocatio<span class=\"_ _7\"></span>n of reinsura<span class=\"_ _7\"></span>nce pre<span class=\"_ _7\"></span>miums. T<span class=\"_ _7\"></span>he expe<span class=\"_ _7\"></span>nse ratio is c<span class=\"_ _7\"></span>alcu<span class=\"_ _7\"></span>lated as acq<span class=\"_ _7\"></span>uisitio<span class=\"_ _7\"></span>n costs an<span class=\"_ _7\"></span>d other </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc59\">attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s, as a propor<span class=\"_ _7\"></span>tio<span class=\"_ _7\"></span>n of insura<span class=\"_ _7\"></span>nce revenu<span class=\"_ _7\"></span>e net of allo<span class=\"_ _7\"></span>cation of re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce pre<span class=\"_ _7\"></span>miums. T<span class=\"_ _7\"></span>he com<span class=\"_ _7\"></span>bined r<span class=\"_ _7\"></span>atio is the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc5a\">total of the clai<span class=\"_ _7\"></span>ms and exp<span class=\"_ _7\"></span>ense rati<span class=\"_ _7\"></span>os. All ratio<span class=\"_ _7\"></span>s are on an ow<span class=\"_ _7\"></span>n-share ba<span class=\"_ _7\"></span>sis, whi<span class=\"_ _7\"></span>ch reflec<span class=\"_ _7\"></span>ts the Group\u2019<span class=\"_ _9\"></span>s share in S<span class=\"_ _7\"></span>yndic<span class=\"_ _7\"></span>ate 33, and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc5b\">incl<span class=\"_ _7\"></span>udes a re<span class=\"_ _7\"></span>clas<span class=\"_ _7\"></span>sific<span class=\"_ _7\"></span>ation of LPT pre<span class=\"_ _7\"></span>mium f<span class=\"_ _7\"></span>rom allo<span class=\"_ _7\"></span>cation of rei<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce pre<span class=\"_ _7\"></span>mium into amo<span class=\"_ _7\"></span>unts recovera<span class=\"_ _7\"></span>ble f<span class=\"_ _7\"></span>rom reinsu<span class=\"_ _7\"></span>rers as </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3d ws46 gsc5c\">detailed belo<span class=\"_ _9\"></span>w<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc5d\">Costs a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed to Co<span class=\"_ _7\"></span>rporate Ce<span class=\"_ _7\"></span>ntre along w<span class=\"_ _7\"></span>ith other no<span class=\"_ _7\"></span>n-attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble expe<span class=\"_ _7\"></span>nses a<span class=\"_ _7\"></span>re non-un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>iting-re<span class=\"_ _7\"></span>lated costs a<span class=\"_ _7\"></span>nd are not </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsc5e\">included within<span class=\"_ _9\"></span> the combined ra<span class=\"_ _9\"></span>tio<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc60\">As noted ab<span class=\"_ _7\"></span>ove<span class=\"_ _9\"></span>, the cl<span class=\"_ _7\"></span>aims ratio, expe<span class=\"_ _7\"></span>nse ratio an<span class=\"_ _7\"></span>d comb<span class=\"_ _7\"></span>ined ratio i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>e a recla<span class=\"_ _7\"></span>ssifi<span class=\"_ _7\"></span>cation of LP<span class=\"_ _7\"></span>T premiu<span class=\"_ _7\"></span>m from all<span class=\"_ _7\"></span>ocatio<span class=\"_ _7\"></span>n of<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsc61\">reinsurance pr<span class=\"_ _9\"></span>emiums int<span class=\"_ _9\"></span>o amounts<span class=\"_ _9\"></span> recov<span class=\"_ _9\"></span>erable from reinsur<span class=\"_ _9\"></span>ers for incurred<span class=\"_ _9\"></span> claims. The subsequent<span class=\"_ _9\"></span> impacts o<span class=\"_ _9\"></span>f LPT<span class=\"_ _a\"></span>s within<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc62\">reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses an<span class=\"_ _7\"></span>d reinsu<span class=\"_ _7\"></span>rance i<span class=\"_ _7\"></span>ncom<span class=\"_ _7\"></span>e are ana<span class=\"_ _7\"></span>lysed o<span class=\"_ _7\"></span>n a net basi<span class=\"_ _7\"></span>s within th<span class=\"_ _7\"></span>e net clai<span class=\"_ _7\"></span>ms to provide a vi<span class=\"_ _7\"></span>ew of the unde<span class=\"_ _7\"></span>rly<span class=\"_ _7\"></span>ing </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc63\">develo<span class=\"_ _7\"></span>pment o<span class=\"_ _7\"></span>n these c<span class=\"_ _7\"></span>ontracts, aga<span class=\"_ _7\"></span>inst the c<span class=\"_ _7\"></span>orres<span class=\"_ _7\"></span>pondi<span class=\"_ _7\"></span>ng develo<span class=\"_ _7\"></span>pment of th<span class=\"_ _7\"></span>e gross res<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ves, co<span class=\"_ _7\"></span>nsistent wi<span class=\"_ _7\"></span>th the focus o<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsc64\">net performance when assessing under<span class=\"_ _7\"></span>writing performance. The impact<span class=\"_ _9\"></span> on pro<span class=\"_ _9\"></span>fit is neutral<span class=\"_ _9\"></span>, how<span class=\"_ _9\"></span>ever<span class=\"_ _a\"></span>, t<span class=\"_ _9\"></span>his reclassification<span class=\"_ _9\"></span> for the<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc65\">ratios re<span class=\"_ _7\"></span>moves any volatil<span class=\"_ _7\"></span>ity o<span class=\"_ _7\"></span>n a year<span class=\"_ _9\"></span>-on-year c<span class=\"_ _7\"></span>ompar<span class=\"_ _7\"></span>ison.<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gsc66\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar ende<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _304\"> </span></div><div class=\"gsc67\"><table class=\"s w2ca hb2\" id=\"_c7779d13-143c-4843-b2f0-c5fee09e5323\"><tr><td></td><td></td><td class=\"t m0 x59f h43 y1fce ff64 fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x5a0 h43 y1fcf ff64 fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td class=\"t m0 x420 h43 y1fcf ff64 fs28 fc2 sc0 lsed ws17b\">London </td><td class=\"t m0 x26c h43 y1fcf ff64 fs28 fc2 sc0 ls14e ws241\">His<span class=\"_ _7\"></span>cox<span class=\"_ _304\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x483 h43 y1fd0 ff64 fs28 fc2 sc0 lsf3 ws13f\">Retail<span class=\"_ _304\"> </span></td><td class=\"t m0 x59f h43 y1fd0 ff64 fs28 fc2 sc0 ls8 ws4\">Ma<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ket </td><td class=\"t m0 x5a1 h43 y1fd0 ff64 fs28 fc2 sc0 lse4 ws15d\">Re &amp; IL<span class=\"_ _7\"></span>S<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h43 y1fd0 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x272 h43 y1fd1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x273 h43 y1fd1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5a2 h43 y1fd1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y1fd1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1fd2 w2cb h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">Insurance rev<span class=\"_ _9\"></span>enue<span class=\"_ _304\"> </span></div></td><td class=\"c n x5a3 y1fd2 w2cc h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x5a4 y1fd2 w2cd h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>5<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x5a5 y1fd2 w27b h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb5 wsd2\">9<span class=\"_ _7\"></span>69.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x5a6 y1fd2 w2ce h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls75 ws11a\">4,48<span class=\"_ _7\"></span>3.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fd3 w294 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums<span class=\"_ _304\"> </span></div></td><td class=\"c n x5a7 y1fd3 w2a7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">(250.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5a8 y1fd3 w2cf h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(336.<span class=\"_ _7\"></span>5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5a9 y1fd3 w29e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(5<span class=\"_ _7\"></span>32.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5aa y1fd3 w2d0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,11<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fd4 w2d1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">LPT premium<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ab y1fd4 w17b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">62.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ac y1fd4 w2d2 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _c\"> </span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ad y1fd4 w2d3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(8.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ae y1fd4 w2d4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">61.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fd5 w2d5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums after reclassify<span class=\"_ _7\"></span>ing LPT<span class=\"_ _9\"></span> premium<span class=\"_ _304\"> </span></div></td><td class=\"c n x5af y1fd5 w2d6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">(18<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b0 y1fd5 w10d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(328.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b1 y1fd5 w295 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">(540.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b2 y1fd5 w2d7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _7\"></span>1<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _c\"> </span>5<span class=\"_ _8\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fd6 w2d8 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls89 wsfe\">Adjusted net insu<span class=\"_ _7\"></span>rance revenue<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b3 y1fd6 w2d9 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _8\"></span>,14<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b4 y1fd6 w2da h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">8<span class=\"_ _c\"> </span>4<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b5 y1fd6 w2db h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb5 wsd2\">429.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b6 y1fd6 w2dc h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls75 ws11a\">3,425.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fd7 w2dd h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">Incur<span class=\"_ _7\"></span>red cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d chang<span class=\"_ _7\"></span>es to liabiliti<span class=\"_ _7\"></span>es for inc<span class=\"_ _7\"></span>urre<span class=\"_ _7\"></span>d claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b7 y1fd7 w283 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3e ws162\">(983.<span class=\"_ _9\"></span>6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b8 y1fd7 w2de h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">(<span class=\"_ _9\"></span>486.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b9 y1fd7 w2df h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls18 ws19\">(5<span class=\"_ _7\"></span>5.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ba y1fd7 w2e0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1,<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fd8 w2e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Amounts r<span class=\"_ _9\"></span>ecoverable fr<span class=\"_ _9\"></span>om reinsurers f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x5bb y1fd8 w2e2 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12c ws1b0\">16<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x5bc y1fd8 w2e3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">19<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x5bd y1fd8 w2e4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls16f ws230\">(<span class=\"_ _7\"></span>41.<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5be y1fd8 w1b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fd9 w2d1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">LPT premium<span class=\"_ _304\"> </span></div></td><td class=\"c n x5bf y1fd9 w2e5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(6<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c0 y1fd9 w2e6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c1 y1fd9 w2e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">8.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c2 y1fd9 w2e8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>1.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fda w2e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6d ws44\">Amounts r<span class=\"_ _9\"></span>ecoverable fr<span class=\"_ _9\"></span>om reinsurers f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> af<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er reclassif<span class=\"_ _7\"></span>ying LPT pr<span class=\"_ _9\"></span>emium<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c3 y1fda w2ea h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c4 y1fda w8d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c5 y1fda w2e5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(3<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c6 y1fda w2eb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">256.<span class=\"_ _20\"></span>1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdb w2ec h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">Adjus<span class=\"_ _7\"></span>ted net incu<span class=\"_ _7\"></span>rred c<span class=\"_ _7\"></span>laims<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c7 y1fdb w2ed h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">(88<span class=\"_ _7\"></span>0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c8 y1fdb w1dd h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c9 y1fdb w26a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">(88.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ca y1fdb w2ee h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">(1<span class=\"_ _9\"></span>,26<span class=\"_ _7\"></span>9.6)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdc w2ef h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Remove<span class=\"_ _9\"></span> benefit from discounting<span class=\"_ _9\"></span> of claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x5cb y1fdc w2f0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls94 wsa9\">(98.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5cc y1fdc w2f1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">(3<span class=\"_ _7\"></span>9.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5cd y1fdc w2f2 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(6<span class=\"_ _7\"></span>.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ce y1fdc w2f3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls155 ws204\">(<span class=\"_ _7\"></span>14<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdd w2f4 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Undiscounted adjusted net incurred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x5cf y1fdd w2f5 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d0 y1fdd w2f6 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls74 ws82\">(3<span class=\"_ _7\"></span>40.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d1 y1fdd w2f7 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">(9<span class=\"_ _7\"></span>4.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d2 y1fdd w2f8 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls16f ws230\">(<span class=\"_ _7\"></span>1,<span class=\"_ _7\"></span>41<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y1fde ff5f fs7 fc2 sc0 ls38 ws41\">The fo<span class=\"_ _7\"></span>llowing r<span class=\"_ _7\"></span>atios reflec<span class=\"_ _7\"></span>t the recl<span class=\"_ _7\"></span>assi<span class=\"_ _7\"></span>fication of L<span class=\"_ _7\"></span>PT premi<span class=\"_ _7\"></span>um and re<span class=\"_ _7\"></span>move the impac<span class=\"_ _7\"></span>t of discou<span class=\"_ _7\"></span>nting. </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1bb h25 y1fdf ff64 fs7 fc2 sc0 ls7c ws89\">Ratio analysis (<span class=\"_ _9\"></span>undiscounted) </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f7e w2c5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cla<span class=\"_ _7\"></span>ims ratio (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d3 y1f7e wa2 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">46.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d4 y1f7e w164 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">40.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d5 y1f7e w17b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2<span class=\"_ _7\"></span>2.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d6 y1f7e w2f9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls16f ws230\">41<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fcd w2c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">E<span class=\"_ _7\"></span>xpe<span class=\"_ _7\"></span>nse ratio (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d7 y1fcd w102 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">50.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d8 y1fcd wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">43<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d9 y1fcd w106 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x5da y1fcd w6e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">4<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w2c8 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">Comb<span class=\"_ _7\"></span>ined ra<span class=\"_ _7\"></span>tio (<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5db y1e80 w2fa h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">96.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x5dc y1e80 w184 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb3 wsd0\">83.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x5dd y1e80 w225 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb5 wsd2\">6<span class=\"_ _7\"></span>9.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x5de y1e80 w225 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb5 wsd2\">8<span class=\"_ _7\"></span>9.8<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc68\">The i<span class=\"_ _7\"></span>mpact o<span class=\"_ _7\"></span>n profit before ta<span class=\"_ _7\"></span>x of a 1<span class=\"_ _a\"></span>% ch<span class=\"_ _7\"></span>ange in e<span class=\"_ _7\"></span>ach co<span class=\"_ _7\"></span>mpone<span class=\"_ _7\"></span>nt of the seg<span class=\"_ _7\"></span>menta<span class=\"_ _7\"></span>l comb<span class=\"_ _7\"></span>ined ratio<span class=\"_ _7\"></span>s is shown i<span class=\"_ _7\"></span>n the followin<span class=\"_ _7\"></span>g </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc69\">tabl<span class=\"_ _7\"></span>e. Any fur<span class=\"_ _7\"></span>the<span class=\"_ _7\"></span>r ratio cha<span class=\"_ _7\"></span>nge is li<span class=\"_ _7\"></span>near i<span class=\"_ _7\"></span>n nature.<span class=\"_ _304\"> </span></div><div class=\"gsc6a\"><table class=\"s w2fb ha2\" id=\"_5b8ce375-7088-4c6e-a847-75c9a23fde4d\"><tr><td></td><td></td><td></td><td class=\"t m0 x5df h43 y1fe0 ff64 fs28 fc2 sc0 ls145 ws1dc\">Y<span class=\"_ _9\"></span>ear end<span class=\"_ _9\"></span>ed 31<span class=\"_ _9\"></span> December 2<span class=\"_ _9\"></span>023<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x26c h43 y1fe1 ff64 fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td></td></tr><tr><td></td><td class=\"t m0 x59f h43 y1fe2 ff64 fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td class=\"t m0 x5e0 h43 y1fe2 ff64 fs28 fc2 sc0 lsed ws17b\">London </td><td class=\"t m0 x35d h43 y1fe2 ff64 fs28 fc2 sc0 ls14e ws241\">His<span class=\"_ _7\"></span>cox<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x25c h43 y1fe3 ff64 fs28 fc2 sc0 lsf3 ws13f\">Retail<span class=\"_ _304\"> </span></td><td class=\"t m0 x26c h43 y1fe3 ff64 fs28 fc2 sc0 ls8 ws4\">Ma<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ket </td><td class=\"t m0 x5e1 h43 y1fe3 ff64 fs28 fc2 sc0 lse4 ws15d\">Re &amp; IL<span class=\"_ _7\"></span>S<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x273 h43 y1fe4 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5a2 h43 y1fe4 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y1fe4 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1e80 w2fc h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">1<span class=\"_ _a\"></span>% chan<span class=\"_ _7\"></span>ge in clai<span class=\"_ _7\"></span>ms or expe<span class=\"_ _7\"></span>nse ratio<span class=\"_ _304\"> </span></div></td><td class=\"c n x5e2 y1e80 w2a9 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x5e3 y1e80 w2b6 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">8.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x5e4 y1e80 w2fd h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">4.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc6c\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022 (restated)<span class=\"_ _304\"> </span></div><div class=\"gsc6d\"><table class=\"s w2fe hb3\" id=\"_ed2d1aad-3ae3-41c4-92d7-11f5097962e0\"><tr><td></td><td></td><td class=\"t m0 x5e5 h44 y1fe5 ff5f fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x5e6 h44 y1fe6 ff5f fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td class=\"t m0 x519 h44 y1fe6 ff5f fs28 fc2 sc0 ls10a ws15c\">London<span class=\"_ _9\"></span> </td><td class=\"t m0 x5e7 h44 y1fe6 ff5f fs28 fc2 sc0 ls85 ws9b\">His<span class=\"_ _7\"></span>cox<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e8 h44 y1fe6 ff5f fs28 fc2 sc0 ls10a ws15c\">Corporate<span class=\"_ _304\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x5e9 h44 y1fe7 ff5f fs28 fc2 sc0 lse6 ws12d\">Retail<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e5 h44 y1fe7 ff5f fs28 fc2 sc0 ls34 ws160\">Market<span class=\"_ _9\"></span> </td><td class=\"t m0 x5ea h44 y1fe7 ff5f fs28 fc2 sc0 lse4 ws15d\">Re &amp; IL<span class=\"_ _7\"></span>S<span class=\"_ _304\"> </span></td><td class=\"t m0 x5eb h44 y1fe7 ff5f fs28 fc2 sc0 ls3 ws90\">Centre<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y1fe7 ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x5ec h44 y1fe8 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x522 h44 y1fe8 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x523 h44 y1fe8 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5ed h44 y1fe8 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y1fe8 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1fe9 w10 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ee y1fe9 w2ff h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">2,<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>18<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ef y1fe9 w72 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">1<span class=\"_ _a\"></span>,<span class=\"_ _a\"></span>130.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f0 y1fe9 w1f5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">9<span class=\"_ _7\"></span>24.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f1 y1fe9 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f2 y1fe9 w13 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">4,<span class=\"_ _7\"></span>273.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fea w27c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls89 ws43\">Insurance ser<span class=\"_ _7\"></span>vice e<span class=\"_ _9\"></span>xpe<span class=\"_ _7\"></span>nses<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f3 y1fea w300 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(2,<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f4 y1fea w301 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f5 y1fea w302 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws9b\">(601<span class=\"_ _a\"></span>.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f6 y1fea w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f7 y1fea w15 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">(3<span class=\"_ _7\"></span>,48<span class=\"_ _7\"></span>5.9<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1feb w282 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6d ws44\">Incurred claims<span class=\"_ _9\"></span> and changes to<span class=\"_ _9\"></span> liabilities for<span class=\"_ _9\"></span> incurred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f8 y1feb w303 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">(<span class=\"_ _7\"></span>95<span class=\"_ _7\"></span>8.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f9 y1feb w304 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(5<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5fa y1feb w305 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(<span class=\"_ _9\"></span>436.<span class=\"_ _a\"></span>7)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5fb y1feb w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x5fc y1feb w306 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>9<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fec w307 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _304\"> </span></div></td><td class=\"c n x5fd y1fec w229 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">(<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>18<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5fe y1fec w308 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls150 ws1fb\">(<span class=\"_ _7\"></span>276<span class=\"_ _7\"></span>.6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ff y1fec w309 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(1<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>0.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x532 y1fec w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x600 y1fec w30a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>,<span class=\"_ _9\"></span>0<span class=\"_ _7\"></span>05.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fed w30b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Oth<span class=\"_ _7\"></span>er attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x601 y1fed w30c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(4<span class=\"_ _9\"></span>22<span class=\"_ _9\"></span>.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x602 y1fed w30d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x603 y1fed w30e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">(<span class=\"_ _7\"></span>54.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x604 y1fed w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x605 y1fed w1f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(57<span class=\"_ _9\"></span>5.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fee w290 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Losses on oner<span class=\"_ _9\"></span>ous contract<span class=\"_ _9\"></span>s and re<span class=\"_ _9\"></span>versals<span class=\"_ _304\"> </span></div></td><td class=\"c n x606 y1fee w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x607 y1fee w310 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(<span class=\"_ _7\"></span>0.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x608 y1fee w311 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x609 y1fee w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x60a y1fee w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.8)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fbc w312 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance service result befor<span class=\"_ _9\"></span>e reinsurance con<span class=\"_ _9\"></span>tracts held<span class=\"_ _304\"> </span></div></td><td class=\"c n x60b y1fbc w313 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">2<span class=\"_ _7\"></span>15<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x60c y1fbc w1fb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">24<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x60d y1fbc w314 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">3<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>2.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x60e y1fbc w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x60f y1fbc w18 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fef w294 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums<span class=\"_ _304\"> </span></div></td><td class=\"c n x610 y1fef w24f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">(293.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x611 y1fef w315 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws11c\">(356.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x612 y1fef w316 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">(<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>15<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x613 y1fef w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x614 y1fef w317 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff0 w299 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Amount reco<span class=\"_ _9\"></span>verable from r<span class=\"_ _9\"></span>einsurers for<span class=\"_ _9\"></span> incurred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x615 y1ff0 w3b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">26<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x616 y1ff0 w21 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">2<span class=\"_ _7\"></span>30.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x617 y1ff0 w318 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">3<span class=\"_ _c\"> </span>4<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x618 y1ff0 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x619 y1ff0 w319 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">83<span class=\"_ _7\"></span>8.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fbf w31a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net exp<span class=\"_ _7\"></span>ense f<span class=\"_ _7\"></span>rom reinsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e contracts h<span class=\"_ _7\"></span>eld<span class=\"_ _304\"> </span></div></td><td class=\"c n x61a y1fbf w31b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3<span class=\"_ _7\"></span>3.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x61b y1fbf w31c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x61c y1fbf w31d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>2<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"> </span>7.<span class=\"_ _c\"> </span>8<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x61d y1fbf w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x61e y1fbf w1f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(<span class=\"_ _9\"></span>426.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc0 w31e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n x61f y1fc0 w8f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">18<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x620 y1fc0 w31f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x621 y1fc0 w248 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x613 y1fc0 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x622 y1fc0 w320 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">3<span class=\"_ _7\"></span>60<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff1 w2a2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Inve<span class=\"_ _7\"></span>stme<span class=\"_ _7\"></span>nt re<span class=\"_ _7\"></span>sul<span class=\"_ _7\"></span>t<span class=\"_ _304\"> </span></div></td><td class=\"c n x623 y1ff1 w321 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">(98.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x624 y1ff1 w322 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(5<span class=\"_ _7\"></span>4.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x625 y1ff1 w323 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">(<span class=\"_ _7\"></span>34.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x626 y1ff1 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x627 y1ff1 w324 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff2 w2a4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance exp<span class=\"_ _7\"></span>ense f<span class=\"_ _7\"></span>rom insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts<span class=\"_ _304\"> </span></div></td><td class=\"c n x628 y1ff2 w1fc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x629 y1ff2 w5e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">56.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x62a y1ff2 w89 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x532 y1ff2 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x62b y1ff2 w325 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">2<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff3 w2a8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance in<span class=\"_ _7\"></span>come f<span class=\"_ _7\"></span>rom reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n x623 y1ff3 wcd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(38.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x62c y1ff3 w326 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(2<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x62d y1ff3 w327 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x62e y1ff3 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x62f y1ff3 w29 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _7\"></span>1<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc4 w328 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net insurance finance e<span class=\"_ _9\"></span>xpense<span class=\"_ _304\"> </span></div></td><td class=\"c n x630 y1fc4 wc2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">68<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x631 y1fc4 w230 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsde ws144\">28<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x632 y1fc4 w329 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">1<span class=\"_ _9\"></span>4.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x633 y1fc4 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x634 y1fc4 w32a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">111<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc5 w32b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net financial result<span class=\"_ _304\"> </span></div></td><td class=\"c n x635 y1fc5 w143 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(3<span class=\"_ _7\"></span>0.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x636 y1fc5 w126 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(25.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x637 y1fc5 w32c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls10e ws166\">(19<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x638 y1fc5 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x639 y1fc5 w32d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(75<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>7)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff4 w2b4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Other income<span class=\"_ _304\"> </span></div></td><td class=\"c n x63a y1ff4 w32e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x63b y1ff4 w32f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _c\"> </span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x63c y1ff4 wc2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">20.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x63d y1ff4 w228 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x63e y1ff4 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">4<span class=\"_ _7\"></span>2.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff5 w330 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls21 ws99\">Other<span class=\"_ _9\"></span> operat<span class=\"_ _9\"></span>ional<span class=\"_ _9\"></span> expens<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n x63f y1ff5 w331 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x640 y1ff5 w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x641 y1ff5 w332 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x642 y1ff5 wce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(23.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x643 y1ff5 w333 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws9b\">(67<span class=\"_ _20\"></span>.8)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdd w2bb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net for<span class=\"_ _9\"></span>eign ex<span class=\"_ _9\"></span>change losses<span class=\"_ _304\"> </span></div></td><td class=\"c n x644 y1fdd w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x645 y1fdd w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x646 y1fdd w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x647 y1fdd w334 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x648 y1fdd w335 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _8\"></span>4.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff6 w2bd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Oth<span class=\"_ _7\"></span>er fina<span class=\"_ _7\"></span>nce cos<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n x649 y1ff6 w336 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(1<span class=\"_ _a\"></span>.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x64a y1ff6 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x64b y1ff6 w148 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x585 y1fca w337 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x64c y1fca w36 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff7 w338 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Sha<span class=\"_ _7\"></span>re of profit of asso<span class=\"_ _7\"></span>ciates<span class=\"_ _304\"> </span></div></td><td class=\"c n x64d y1ff7 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x64e y1ff7 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x64f y1ff7 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x650 y1ff7 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">0.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x651 y1ff7 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">0.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed2 w339 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls74 ws9a\">Profit<span class=\"_ _7\"></span>/(los<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>) b<span class=\"_ _7\"></span>efore ta<span class=\"_ _7\"></span>x<span class=\"_ _304\"> </span></div></td><td class=\"c n x652 y1ed2 w33a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">13<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x653 y1ed2 w33b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">10<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x654 y1ed2 wc2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">46<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x655 y1ed2 w33c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(2<span class=\"_ _9\"></span>.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x656 y1ed2 w3c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">27<span class=\"_ _9\"></span>5.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y1ff8 ff5f fs7 fc2 sc0 ls38 ws41\">Ratio an<span class=\"_ _7\"></span>alys<span class=\"_ _7\"></span>is </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f86 w2c5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cla<span class=\"_ _7\"></span>ims ratio (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x657 y1f86 w54 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">40.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x658 y1f86 wcc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">3<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x659 y1f86 wfd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _c\"> </span>8<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x571 y1f86 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x65a y1f86 w248 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w2c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">E<span class=\"_ _7\"></span>xpe<span class=\"_ _7\"></span>nse ratio (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x65b y1e8e w33d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">51.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x65c y1e8e wcc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x65d y1e8e w33e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">46.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x65e y1e8e w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x65f y1e8e w33f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">4<span class=\"_ _7\"></span>9.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w340 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Combined rat<span class=\"_ _9\"></span>io (<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x660 y1e80 w341 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">91.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x661 y1e80 w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">8<span class=\"_ _7\"></span>4.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x65d y1e80 w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">84.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x662 y1e80 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x663 y1e80 w334 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">8<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsc6f\">The impact o<span class=\"_ _9\"></span>f the r<span class=\"_ _9\"></span>eclassification of<span class=\"_ _9\"></span> LPT premium is<span class=\"_ _9\"></span> shown in t<span class=\"_ _9\"></span>he follo<span class=\"_ _9\"></span>wing table.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc70\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022<span class=\"_ _304\"> </span></div><div class=\"gsc71\"><table class=\"s w342 hb4\" id=\"_e0e70b6c-8f64-4698-a0ea-4ad3acfd445a\"><tr><td></td><td></td><td class=\"t m0 x664 h44 y1ff9 ff5f fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x665 h44 y1ffa ff5f fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td class=\"t m0 x420 h44 y1ffa ff5f fs28 fc2 sc0 ls10a ws15c\">London<span class=\"_ _9\"></span> </td><td class=\"t m0 x666 h44 y1ffa ff5f fs28 fc2 sc0 ls85 ws9b\">His<span class=\"_ _7\"></span>cox<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x667 h44 y1ffb ff5f fs28 fc2 sc0 lse6 ws12d\">Retail<span class=\"_ _304\"> </span></td><td class=\"t m0 x664 h44 y1ffb ff5f fs28 fc2 sc0 ls34 ws160\">Market<span class=\"_ _9\"></span> </td><td class=\"t m0 x5a1 h44 y1ffb ff5f fs28 fc2 sc0 lse4 ws15d\">Re &amp; IL<span class=\"_ _7\"></span>S<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y1ffb ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x272 h44 y1ffc ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x273 h44 y1ffc ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x274 h44 y1ffc ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1ffc ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td></tr><tr><td class=\"c n x1b7 y1ffd w10 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue<span class=\"_ _304\"> </span></div></td><td class=\"c n x668 y1ffd w343 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 ws80\">2<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>218<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x669 y1ffd w344 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 wsb4\">1<span class=\"_ _9\"></span>,<span class=\"_ _20\"></span>130.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x66a y1ffd w1f5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b ws134\">9<span class=\"_ _7\"></span>24.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x66b y1ffd w345 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">4,<span class=\"_ _7\"></span>273.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1ffe w294 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums<span class=\"_ _304\"> </span></div></td><td class=\"c n x66c y1ffe w24f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 ws158\">(293.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x66d y1ffe w346 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws9e\">(3<span class=\"_ _7\"></span>56.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x66e y1ffe w347 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws98\">(<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>15<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x66f y1ffe w348 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1fff w2d1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">LPT premium<span class=\"_ _304\"> </span></div></td><td class=\"c n x670 y1fff w349 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x671 y1fff w163 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">20.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x672 y1fff w34a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">46.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x673 y1fff w8e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">18<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y2000 w2d5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums after reclassify<span class=\"_ _7\"></span>ing LPT<span class=\"_ _9\"></span> premium<span class=\"_ _304\"> </span></div></td><td class=\"c n x674 y2000 w34b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls10d wsea\">(<span class=\"_ _7\"></span>17<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x675 y2000 w34c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws199\">(335.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x676 y2000 w34d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws178\">(56<span class=\"_ _7\"></span>9.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x677 y2000 w34e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(<span class=\"_ _7\"></span>1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y2001 w34f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ed net in<span class=\"_ _9\"></span>surance rev<span class=\"_ _9\"></span>enue<span class=\"_ _304\"> </span></div></td><td class=\"c n x678 y2001 w350 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b ws134\">2,<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x679 y2001 w351 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbd\">7<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x67a y2001 w3b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 wsb4\">35<span class=\"_ _7\"></span>5.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x67b y2001 w1df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab ws143\">3<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x67c y2001 wd4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab ws143\">9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2002 w352 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Incurred claims<span class=\"_ _9\"></span> and changes to<span class=\"_ _9\"></span> liabilities for<span class=\"_ _9\"></span> incurred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x67d y2002 w303 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws116\">(9<span class=\"_ _7\"></span>58.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x67e y2002 w353 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 ws242\">(<span class=\"_ _7\"></span>50<span class=\"_ _8\"></span>6.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x67f y2002 w354 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">(<span class=\"_ _9\"></span>436.<span class=\"_ _a\"></span>7)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x680 y2002 w306 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbd\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>9<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2003 w2e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Amounts r<span class=\"_ _9\"></span>ecoverable fr<span class=\"_ _9\"></span>om reinsurers f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x5bb y2003 w355 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">260.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x681 y2003 w19d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">23<span class=\"_ _7\"></span>0.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x682 y2003 w356 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">3<span class=\"_ _c\"> </span>4<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x683 y2003 w357 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">83<span class=\"_ _7\"></span>8.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2004 w2d1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">LPT premium<span class=\"_ _304\"> </span></div></td><td class=\"c n x684 y2004 w358 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab ws143\">(<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x685 y2004 w359 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws1c3\">(20.8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x686 y2004 w4a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws243\">(4<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x687 y2004 w35a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 ws80\">(<span class=\"_ _7\"></span>18<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2005 w2e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6d ws44\">Amounts r<span class=\"_ _9\"></span>ecoverable fr<span class=\"_ _9\"></span>om reinsurers f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> af<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er reclassif<span class=\"_ _7\"></span>ying LPT pr<span class=\"_ _9\"></span>emium<span class=\"_ _304\"> </span></div></td><td class=\"c n x688 y2005 w35b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">14<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x689 y2005 w1b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x68a y2005 w35c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">3<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x68b y2005 w2ba h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">6<span class=\"_ _c\"> </span>5<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2006 w35d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ed net inc<span class=\"_ _9\"></span>urred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x68c y2006 w31c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae ws19\">(<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x68d y2006 w35e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 ws158\">(29<span class=\"_ _7\"></span>6.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x68e y2006 w35f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 ws93\">(13<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x68f y2006 w360 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws11a\">(<span class=\"_ _7\"></span>1,<span class=\"_ _8\"></span>24<span class=\"_ _2c\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2007 w2ef h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Remove<span class=\"_ _9\"></span> benefit from discounting<span class=\"_ _9\"></span> of claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x690 y2007 w361 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 ws167\">(53.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x63c y2007 w268 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 wsc2\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x691 y2007 w362 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws243\">(4<span class=\"_ _7\"></span>.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x692 y2007 w14c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 ws19a\">(<span class=\"_ _7\"></span>75.<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2008 w363 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Undiscount<span class=\"_ _9\"></span>ed adjust<span class=\"_ _9\"></span>ed net inc<span class=\"_ _9\"></span>urred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x693 y2008 w364 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws1c3\">(8<span class=\"_ _7\"></span>65.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x694 y2008 w365 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad ws11d\">(<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x695 y2008 w366 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 ws93\">(<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x696 y2008 w367 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws11a\">(<span class=\"_ _7\"></span>1,<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>19<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2009 ff5f fs7 fc2 sc0 ls39 ws43\">Ratio analysis<span class=\"_ _9\"></span> (undiscount<span class=\"_ _9\"></span>ed) </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f86 w2c5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cla<span class=\"_ _7\"></span>ims ratio (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x697 y1f86 w368 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">42<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x698 y1f86 w369 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">39.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x699 y1f86 w33f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">3<span class=\"_ _7\"></span>9.2<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x69a y1f86 w248 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsee ws13a\">41.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w2c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">E<span class=\"_ _7\"></span>xpe<span class=\"_ _7\"></span>nse ratio (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x69b y1ed8 w36a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">51.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x69c y1ed8 wcc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x69d y1ed8 w67 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">4<span class=\"_ _7\"></span>6.4<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x69e y1ed8 w36b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">49.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w340 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Combined rat<span class=\"_ _9\"></span>io (<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x69f y1e80 wbb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">9<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6a0 y1e80 w334 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">8<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6a1 y1e80 w5e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">85.6<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x6a2 y1e80 wac h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">9<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc72\">The i<span class=\"_ _7\"></span>mpact o<span class=\"_ _7\"></span>n profit before ta<span class=\"_ _7\"></span>x of a 1<span class=\"_ _a\"></span>% ch<span class=\"_ _7\"></span>ange in e<span class=\"_ _7\"></span>ach co<span class=\"_ _7\"></span>mpone<span class=\"_ _7\"></span>nt of the seg<span class=\"_ _7\"></span>menta<span class=\"_ _7\"></span>l comb<span class=\"_ _7\"></span>ined ratio<span class=\"_ _7\"></span>s is shown i<span class=\"_ _7\"></span>n the followin<span class=\"_ _7\"></span>g </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc73\">tabl<span class=\"_ _7\"></span>e. Any fur<span class=\"_ _7\"></span>the<span class=\"_ _7\"></span>r ratio cha<span class=\"_ _7\"></span>nge is li<span class=\"_ _7\"></span>near i<span class=\"_ _7\"></span>n nature.<span class=\"_ _304\"> </span></div><div class=\"gsc74\"><table class=\"s w1d5 hb5\" id=\"_fc031991-73ca-4c39-a036-54414c7133df\"><tr><td></td><td></td><td></td><td class=\"t m0 x41c h44 y200a ff5f fs28 fc2 sc0 lse4 ws15d\">Y<span class=\"_ _9\"></span>ea<span class=\"_ _7\"></span>r en<span class=\"_ _7\"></span>ded 31 De<span class=\"_ _7\"></span>ce<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x666 h44 y200b ff5f fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td></td></tr><tr><td></td><td class=\"t m0 x664 h44 y200c ff5f fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td class=\"t m0 x5e0 h44 y200c ff5f fs28 fc2 sc0 ls10a ws15c\">London<span class=\"_ _9\"></span> </td><td class=\"t m0 x35d h44 y200c ff5f fs28 fc2 sc0 ls85 ws9b\">His<span class=\"_ _7\"></span>cox<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x6a3 h44 y200d ff5f fs28 fc2 sc0 lse6 ws12d\">Retail<span class=\"_ _304\"> </span></td><td class=\"t m0 x666 h44 y200d ff5f fs28 fc2 sc0 ls34 ws160\">Market<span class=\"_ _9\"></span> </td><td class=\"t m0 x6a4 h44 y200d ff5f fs28 fc2 sc0 lse4 ws15d\">Re &amp; IL<span class=\"_ _7\"></span>S<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x273 h44 y200e ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x274 h44 y200e ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y200e ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1e80 w36c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">1<span class=\"_ _a\"></span>% cha<span class=\"_ _7\"></span>nge in cl<span class=\"_ _7\"></span>aims or ex<span class=\"_ _7\"></span>pense r<span class=\"_ _7\"></span>atio<span class=\"_ _304\"> </span></div></td><td class=\"c n x6a5 y1e80 w33e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">20.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x6a6 y1e80 w36d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">8.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6a7 y1e80 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">3.6<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gsc76\">(b<span class=\"_ _9\"></span>) Geographical informat<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc77\">The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s op<span class=\"_ _7\"></span>eratio<span class=\"_ _7\"></span>nal se<span class=\"_ _7\"></span>gments un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>ite busin<span class=\"_ _7\"></span>ess do<span class=\"_ _7\"></span>mesti<span class=\"_ _7\"></span>call<span class=\"_ _7\"></span>y in Ber<span class=\"_ _7\"></span>muda a<span class=\"_ _7\"></span>nd from lo<span class=\"_ _7\"></span>cations i<span class=\"_ _7\"></span>n the UK, USA<span class=\"_ _7\"></span>, Gue<span class=\"_ _7\"></span>rnsey<span class=\"_ _9\"></span>, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsc78\">France<span class=\"_ _9\"></span>, Germany<span class=\"_ _a\"></span>, Belgium,<span class=\"_ _9\"></span> The Netherlands, S<span class=\"_ _9\"></span>pain, P<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>tugal<span class=\"_ _9\"></span>, Ireland<span class=\"_ _9\"></span>, Singapore and<span class=\"_ _9\"></span> Thailand.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc79\">The fo<span class=\"_ _7\"></span>llowing t<span class=\"_ _7\"></span>able prov<span class=\"_ _7\"></span>ides a<span class=\"_ _7\"></span>n anal<span class=\"_ _7\"></span>ysis of the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s insur<span class=\"_ _7\"></span>ance reven<span class=\"_ _7\"></span>ue by materia<span class=\"_ _7\"></span>l geog<span class=\"_ _7\"></span>raphi<span class=\"_ _7\"></span>cal lo<span class=\"_ _7\"></span>cation f<span class=\"_ _7\"></span>rom exter<span class=\"_ _7\"></span>nal pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ties:<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gsc7a\">Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue from ex<span class=\"_ _7\"></span>terna<span class=\"_ _7\"></span>l par<span class=\"_ _7\"></span>ties<span class=\"_ _304\"> </span></div><div class=\"gsc7b\"><table class=\"s w36e hb6\" id=\"_f8509c8f-1826-4a09-a940-8f0b5cdaacd2\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x49a h44 y200f ff5f fs28 fc2 sc0 lse4 ws15d\">Y<span class=\"_ _9\"></span>ea<span class=\"_ _7\"></span>r to 31 Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er 202<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x6a8 h43 y2010 ff64 fs28 fc2 sc0 lse4 ws15d\">Y<span class=\"_ _9\"></span>ea<span class=\"_ _7\"></span>r to 31 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 20<span class=\"_ _7\"></span>23<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td class=\"t m0 x1ff h44 y2010 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x6a9 h43 y2011 ff64 fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td></td><td></td><td></td><td></td><td class=\"t m0 x5e5 h44 y2011 ff5f fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x6aa h43 y2012 ff64 fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td class=\"t m0 x6ab h43 y2012 ff64 fs28 fc2 sc0 lsed ws17b\">London </td><td class=\"t m0 x6ac h43 y2012 ff64 fs28 fc2 sc0 ls14e ws241\">His<span class=\"_ _7\"></span>cox<span class=\"_ _304\"> </span></td><td class=\"t m0 x6ad h43 y2012 ff64 fs28 fc2 sc0 ls10a ws15c\" colspan=\"2\">Corporate<span class=\"_ _304\"> </span></td><td class=\"t m0 x51e h44 y2012 ff5f fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td class=\"t m0 x519 h44 y2012 ff5f fs28 fc2 sc0 ls10a ws15c\">London<span class=\"_ _9\"></span> </td><td class=\"t m0 x5e7 h44 y2012 ff5f fs28 fc2 sc0 ls85 ws9b\">His<span class=\"_ _7\"></span>cox<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e8 h44 y2012 ff5f fs28 fc2 sc0 ls10a ws15c\">Corporate<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2012 ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3b6 h43 y2013 ff64 fs28 fc2 sc0 lsf3 ws13f\">Retail<span class=\"_ _304\"> </span></td><td class=\"t m0 x6a9 h43 y2013 ff64 fs28 fc2 sc0 ls8 ws4\">Ma<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ket </td><td class=\"t m0 x6ae h43 y2013 ff64 fs28 fc2 sc0 lse4 ws15d\">Re &amp; IL<span class=\"_ _7\"></span>S<span class=\"_ _304\"> </span></td><td class=\"t m0 x6af h43 y2013 ff64 fs28 fc2 sc0 lsf0 ws1b9\">Centre<span class=\"_ _304\"> </span></td><td class=\"t m0 x6b0 h43 y2013 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td><td class=\"t m0 x6b1 h44 y2013 ff5f fs28 fc2 sc0 lse6 ws12d\">Retail<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e5 h44 y2013 ff5f fs28 fc2 sc0 ls34 ws160\">Market<span class=\"_ _9\"></span> </td><td class=\"t m0 x5ea h44 y2013 ff5f fs28 fc2 sc0 lse4 ws15d\">Re &amp; IL<span class=\"_ _7\"></span>S<span class=\"_ _304\"> </span></td><td class=\"t m0 x5eb h44 y2013 ff5f fs28 fc2 sc0 ls3 ws90\">Centre<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y2013 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x6b2 h43 y2014 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x6b3 h43 y2014 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d0 h43 y2014 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x6b4 h43 y2014 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x6b5 h43 y2014 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x44c h44 y2014 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x522 h44 y2014 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x523 h44 y2014 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5ed h44 y2014 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td></tr><tr><td class=\"c n x1b7 y2015 w36f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d wsf4\">UK<span class=\"_ _304\"> </span></div></td><td class=\"c n x6b6 y2015 w370 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa9 ws106\">729.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x6b7 y2015 w2fa h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">9<span class=\"_ _7\"></span>6.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x6b8 y2015 w371 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls16f ws230\">41<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6b9 y2015 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ba y2015 w372 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">8<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6bb y2015 w373 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6bc y2015 w248 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">8<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x6bd y2015 w374 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x54a y2015 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6be y2015 w375 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">883.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2016 w376 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">Eur<span class=\"_ _9\"></span>ope<span class=\"_ _304\"> </span></div></td><td class=\"c n x6bf y2016 w377 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c0 y2016 w378 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">8<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c1 y2016 w18e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">6<span class=\"_ _7\"></span>2.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c2 y2016 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c3 y2016 w379 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls140 ws226\">741<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c4 y2016 w37a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsf8 ws146\">478<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c5 y2016 w37b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">8<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c6 y2016 w33f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">4<span class=\"_ _7\"></span>9.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c7 y2016 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c8 y2016 w37c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">610<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w37d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls89 wsd5\">USA<span class=\"_ _304\"> </span></div></td><td class=\"c n x6b6 y1f86 w197 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">93<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c9 y1f86 w2ac h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa9 ws106\">729.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ca y1f86 w37e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">5<span class=\"_ _7\"></span>52.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x6cb y1f86 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6cc y1f86 w37f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls155 ws204\">2,<span class=\"_ _2c\"></span>2<span class=\"_ _7\"></span>14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x6cd y1f86 w254 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">90<span class=\"_ _7\"></span>9.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ce y1f86 w1fb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">67<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6cf y1f86 w2e4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">5<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d0 y1f86 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d1 y1f86 w380 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">2<span class=\"_ _8\"></span>,11<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w381 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Re<span class=\"_ _7\"></span>st of wor<span class=\"_ _7\"></span>ld<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d2 y1e8e w382 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">7<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d3 y1e8e w219 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d4 y1e8e w116 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d5 y1e8e w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d6 y1e8e w27b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">6<span class=\"_ _7\"></span>59.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d7 y1e8e w383 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">72.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d8 y1e8e w384 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsde ws144\">28<span class=\"_ _7\"></span>6.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d9 y1e8e w20f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">3<span class=\"_ _7\"></span>06.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x6da y1e8e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6db y1e8e w385 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">6<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>5.4<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x6dc y1e80 w279 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6dd y1e80 w386 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>5<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x6de y1e80 w27b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">9<span class=\"_ _7\"></span>69.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x6df y1e80 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e0 y1e80 w12 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">4,4<span class=\"_ _7\"></span>83.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e1 y1e80 w387 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">2,<span class=\"_ _8\"></span>218<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e2 y1e80 w388 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e3 y1e80 w1fb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">9<span class=\"_ _7\"></span>24<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e4 y1e80 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e5 y1e80 w389 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">4,273<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc7c\">The fo<span class=\"_ _7\"></span>llowing t<span class=\"_ _7\"></span>able prov<span class=\"_ _7\"></span>ides a<span class=\"_ _7\"></span>n anal<span class=\"_ _7\"></span>ysis of the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s non-c<span class=\"_ _7\"></span>urren<span class=\"_ _7\"></span>t assets by mater<span class=\"_ _7\"></span>ial ge<span class=\"_ _7\"></span>ograp<span class=\"_ _7\"></span>hica<span class=\"_ _7\"></span>l locati<span class=\"_ _7\"></span>on excluding fi<span class=\"_ _7\"></span>nanci<span class=\"_ _7\"></span>al </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc7d\">instr<span class=\"_ _7\"></span>uments, defe<span class=\"_ _7\"></span>rred t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>ssets, pos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-emp<span class=\"_ _7\"></span>loyme<span class=\"_ _7\"></span>nt bene<span class=\"_ _7\"></span>fit asse<span class=\"_ _7\"></span>ts, and righ<span class=\"_ _7\"></span>ts arisi<span class=\"_ _7\"></span>ng unde<span class=\"_ _7\"></span>r insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ontracts:<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls3c ws45 gsc7e\">Non-cur<span class=\"_ _7\"></span>rent assets</div><div class=\"gsc7f\"><table class=\"s w1ef hb7\" id=\"_13170115-b5f1-4761-9b8f-d38e9e670ac0\"><tr><td></td><td class=\"t m0 x44e h43 y2017 ff64 fs28 fc2 sc0 ls9f ws21e\"> 2023<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x44f h44 y2017 ff5f fs28 fc2 sc0 lsa1 ws23b\"> 2022<span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x44e h43 y2018 ff64 fs28 fc2 sc0 lsf3 ws237\"> total</td><td class=\"t m0 x44f h44 y2018 ff5f fs28 fc2 sc0 lsf2 ws23c\"> tota<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2019 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y2019 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2015 w36f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d wsf4\">UK<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e6 y2015 wfa h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls78 ws122\">254<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e7 y2015 w38a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2016 w376 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">Eur<span class=\"_ _9\"></span>ope<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e8 y2016 w184 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">83.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e9 y2016 w33f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">5<span class=\"_ _7\"></span>9.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w37d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls89 wsd5\">USA<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ea y1f86 w38b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6eb y1f86 w24a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w381 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Re<span class=\"_ _7\"></span>st of wor<span class=\"_ _7\"></span>ld<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ec y1e8e w38c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">8.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ed y1e8e w38d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x6ee y1e80 w1c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">455.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ef y1e80 w2c2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _c\"> </span>5<span class=\"_ _8\"></span>9<span class=\"_ _2c\"></span>.1</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-390": {
   "value": "The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s op<span class=\"_ _7\"></span>erating s<span class=\"_ _7\"></span>egme<span class=\"_ _7\"></span>nt repor<span class=\"_ _7\"></span>ti<span class=\"_ _7\"></span>ng follows the o<span class=\"_ _7\"></span>rganis<span class=\"_ _7\"></span>ationa<span class=\"_ _7\"></span>l structu<span class=\"_ _7\"></span>re and ma<span class=\"_ _7\"></span>nagem<span class=\"_ _7\"></span>ent\u2019<span class=\"_ _9\"></span>s intern<span class=\"_ _7\"></span>al repo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>ng systems,<span class=\"_ _304\"> </span>whi<span class=\"_ _7\"></span>ch form the b<span class=\"_ _7\"></span>asis for a<span class=\"_ _7\"></span>sses<span class=\"_ _7\"></span>sing the fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting pe<span class=\"_ _7\"></span>rfo<span class=\"_ _7\"></span>rman<span class=\"_ _7\"></span>ce of<span class=\"_ _9\"></span>, and a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>ation of resou<span class=\"_ _7\"></span>rces to, each bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s segm<span class=\"_ _7\"></span>ent.<span class=\"_ _304\"> </span>The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s four primary business segments are i<span class=\"_ _9\"></span>dentified as fol<span class=\"_ _9\"></span>lows<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A  <span class=\"_ _a\"></span><span class=\"ff5f ws4\"> <span class=\"_ _bc\"></span><span class=\"ff64 ls3d ws46\">Hisco<span class=\"_ _9\"></span>x Retai<span class=\"_ _9\"></span>l <span class=\"ff5f ls38 ws41\">bri<span class=\"_ _7\"></span>ngs togethe<span class=\"_ _7\"></span>r the resul<span class=\"_ _7\"></span>ts of the Group\u2019<span class=\"_ _a\"></span>s ret<span class=\"_ _7\"></span>ail bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s divi<span class=\"_ _7\"></span>sions i<span class=\"_ _7\"></span>n the UK, Europ<span class=\"_ _7\"></span>e, USA and Asi<span class=\"_ _7\"></span>a. Hiscox UK<span class=\"_ _304\"> </span></span></span></span>and Hisco<span class=\"_ _9\"></span>x Eur<span class=\"_ _9\"></span>ope under<span class=\"_ _7\"></span>write<span class=\"_ _9\"></span> personal and commercial lines o<span class=\"_ _9\"></span>f business thr<span class=\"_ _9\"></span>ough Hiscox<span class=\"_ _9\"></span> Insurance Company<span class=\"_ _9\"></span> Limited and<span class=\"_ _304\"> </span>Hisco<span class=\"_ _9\"></span>x Soci\u00e9t\u00e9<span class=\"_ _9\"></span> Anonyme (Hisco<span class=\"_ _9\"></span>x SA)<span class=\"_ _9\"></span>,<span class=\"_ _9\"></span> toget<span class=\"_ _9\"></span>her with the<span class=\"_ _9\"></span> fine ar<span class=\"_ _7\"></span>t and<span class=\"_ _9\"></span> non-US household ins<span class=\"_ _9\"></span>urance business written thr<span class=\"_ _9\"></span>ough<span class=\"_ _304\"> </span>Syndicate<span class=\"_ _9\"></span> 33. Hi<span class=\"_ _9\"></span>scox US<span class=\"_ _9\"></span>A comprises commercial,<span class=\"_ _9\"></span> proper<span class=\"_ _7\"></span>ty and specialty business written by<span class=\"_ _9\"></span> Hiscox I<span class=\"_ _9\"></span>nsurance Company<span class=\"_ _304\"> </span>Inc. and S<span class=\"_ _7\"></span>yndi<span class=\"_ _7\"></span>cate 362<span class=\"_ _9\"></span>4<span class=\"_ _9\"></span>;<span class=\"_ _304\"> </span>A  <span class=\"_ _a\"></span><span class=\"ff5f ws4\"> <span class=\"_ _bc\"></span><span class=\"ff64 ls38 ws41\">Hiscox Lon<span class=\"_ _7\"></span>don Mar<span class=\"_ _7\"></span>ket <span class=\"ff5f ls3b ws44\">comprises t<span class=\"_ _9\"></span>he int<span class=\"_ _9\"></span>ernationally tr<span class=\"_ _9\"></span>aded insurance business written b<span class=\"_ _9\"></span>y the<span class=\"_ _9\"></span> Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> London-based<span class=\"_ _304\"> </span></span></span></span>und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>wri<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rs via S<span class=\"_ _7\"></span>yndic<span class=\"_ _7\"></span>ate 33, includi<span class=\"_ _7\"></span>ng line<span class=\"_ _7\"></span>s in prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>, mar<span class=\"_ _7\"></span>ine and e<span class=\"_ _7\"></span>nerg<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>, ca<span class=\"_ _7\"></span>sual<span class=\"_ _7\"></span>ty a<span class=\"_ _7\"></span>nd other sp<span class=\"_ _7\"></span>ecia<span class=\"_ _7\"></span>lty i<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce lin<span class=\"_ _7\"></span>es;<span class=\"_ _304\"> </span>A <span class=\"_ _e\"></span><span class=\"ff6a ws240\">  <span class=\"ff64 ls38 ws41\">Hiscox Re &amp; ILS <span class=\"ff5f ls3b ws44\">is the r<span class=\"_ _9\"></span>einsurance division o<span class=\"_ _9\"></span>f the Hisco<span class=\"_ _9\"></span>x Group<span class=\"_ _9\"></span>,<span class=\"_ _9\"></span> combining the underwriting platforms in<span class=\"_ _9\"></span> Bermuda and<span class=\"_ _304\"> </span></span></span></span>London<span class=\"_ _9\"></span>. The segment comprises the<span class=\"_ _9\"></span> per<span class=\"_ _7\"></span>formance of<span class=\"_ _9\"></span> Hiscox I<span class=\"_ _9\"></span>nsurance Company (<span class=\"_ _9\"></span>Bermuda) Limited<span class=\"_ _9\"></span>, ex<span class=\"_ _9\"></span>cluding t<span class=\"_ _9\"></span>he int<span class=\"_ _9\"></span>ernal<span class=\"_ _304\"> </span>quota s<span class=\"_ _7\"></span>hare ar<span class=\"_ _7\"></span>range<span class=\"_ _7\"></span>ments, wi<span class=\"_ _7\"></span>th the reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts writ<span class=\"_ _7\"></span>ten by Synd<span class=\"_ _7\"></span>icate 33. In addi<span class=\"_ _7\"></span>tion, the hea<span class=\"_ _7\"></span>lthca<span class=\"_ _7\"></span>re and ca<span class=\"_ _7\"></span>sualt<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span>reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts previou<span class=\"_ _7\"></span>sly wr<span class=\"_ _7\"></span>itten i<span class=\"_ _7\"></span>n Ber<span class=\"_ _7\"></span>muda on S<span class=\"_ _7\"></span>yndi<span class=\"_ _7\"></span>cate capac<span class=\"_ _7\"></span>ity a<span class=\"_ _7\"></span>re also in<span class=\"_ _7\"></span>clude<span class=\"_ _7\"></span>d. The se<span class=\"_ _7\"></span>gment a<span class=\"_ _7\"></span>lso inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>s the<span class=\"_ _304\"> </span>per<span class=\"_ _7\"></span>fo<span class=\"_ _7\"></span>rman<span class=\"_ _7\"></span>ce and fe<span class=\"_ _7\"></span>e incom<span class=\"_ _7\"></span>e from the ILS f<span class=\"_ _7\"></span>unds, al<span class=\"_ _7\"></span>ong wi<span class=\"_ _7\"></span>th the gains a<span class=\"_ _7\"></span>nd los<span class=\"_ _7\"></span>ses mad<span class=\"_ _7\"></span>e as a resu<span class=\"_ _7\"></span>lt of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s investment<span class=\"_ _304\"> </span>in the f<span class=\"_ _7\"></span>unds;<span class=\"_ _304\"> </span>A  <span class=\"_ _a\"></span><span class=\"ff5f ws4\"> <span class=\"_ _bc\"></span><span class=\"ff64 ls3b ws44\">Corporate<span class=\"_ _9\"></span> Centre <span class=\"ff5f ls38 ws41\">compr<span class=\"_ _7\"></span>ises fi<span class=\"_ _7\"></span>nance c<span class=\"_ _7\"></span>osts and a<span class=\"_ _7\"></span>dminis<span class=\"_ _7\"></span>trative costs as<span class=\"_ _7\"></span>soci<span class=\"_ _7\"></span>ated with Grou<span class=\"_ _7\"></span>p mana<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt activ<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>nd<span class=\"_ _304\"> </span></span></span></span>intragro<span class=\"_ _7\"></span>up bor<span class=\"_ _7\"></span>rowings, as wel<span class=\"_ _7\"></span>l as all fore<span class=\"_ _7\"></span>ign exchang<span class=\"_ _7\"></span>e gain<span class=\"_ _7\"></span>s and los<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span>All a<span class=\"_ _7\"></span>mounts re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ted on the fol<span class=\"_ _7\"></span>lowing pag<span class=\"_ _7\"></span>es rep<span class=\"_ _7\"></span>resen<span class=\"_ _7\"></span>t transac<span class=\"_ _7\"></span>tions wi<span class=\"_ _7\"></span>th extern<span class=\"_ _7\"></span>al par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s onl<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. In th<span class=\"_ _7\"></span>e norma<span class=\"_ _7\"></span>l cour<span class=\"_ _7\"></span>se of trade,<span class=\"_ _304\"> </span>the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s entitie<span class=\"_ _7\"></span>s enter into vario<span class=\"_ _7\"></span>us reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e arra<span class=\"_ _7\"></span>ngem<span class=\"_ _7\"></span>ents wi<span class=\"_ _7\"></span>th one anothe<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>. T<span class=\"_ _7\"></span>he related re<span class=\"_ _7\"></span>sults of thes<span class=\"_ _7\"></span>e transa<span class=\"_ _7\"></span>ctions a<span class=\"_ _7\"></span>re<span class=\"_ _304\"> </span>elim<span class=\"_ _7\"></span>inated on co<span class=\"_ _7\"></span>nsoli<span class=\"_ _7\"></span>dation an<span class=\"_ _7\"></span>d are not incl<span class=\"_ _7\"></span>uded w<span class=\"_ _7\"></span>ithin the re<span class=\"_ _7\"></span>sults of the se<span class=\"_ _7\"></span>gme<span class=\"_ _7\"></span>nts. This is c<span class=\"_ _7\"></span>onsistent w<span class=\"_ _7\"></span>ith the infor<span class=\"_ _7\"></span>mation u<span class=\"_ _7\"></span>sed by<span class=\"_ _304\"> </span>the chi<span class=\"_ _7\"></span>ef ope<span class=\"_ _7\"></span>rating de<span class=\"_ _7\"></span>cisio<span class=\"_ _7\"></span>n-maker wh<span class=\"_ _7\"></span>en evalu<span class=\"_ _7\"></span>ating the res<span class=\"_ _7\"></span>ults of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>. Per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>manc<span class=\"_ _7\"></span>e is mea<span class=\"_ _7\"></span>sured ba<span class=\"_ _7\"></span>sed on e<span class=\"_ _7\"></span>ach rep<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tabl<span class=\"_ _7\"></span>e<span class=\"_ _304\"> </span>seg<span class=\"_ _7\"></span>ment\u2019<span class=\"_ _9\"></span>s profit o<span class=\"_ _7\"></span>r loss be<span class=\"_ _7\"></span>fore ta<span class=\"_ _7\"></span>x and co<span class=\"_ _7\"></span>mbine<span class=\"_ _7\"></span>d ratio.<span class=\"_ _304\"> </span>4 Operating<span class=\"_ _9\"></span> segments<span class=\"_ _304\"> </span>(a) Pro<span class=\"_ _9\"></span>fit b<span class=\"_ _7\"></span>efore ta<span class=\"_ _7\"></span>x by segm<span class=\"_ _7\"></span>ent<span class=\"_ _304\"> </span>Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar ende<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _304\"> </span><table class=\"s w278 hb1\" id=\"_30abf467-1c32-428f-a87d-18bea2dc4bc0\"><tr><td></td><td></td><td class=\"t m0 x519 h43 y1fb2 ff64 fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x51a h43 y1fb3 ff64 fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td class=\"t m0 x51b h43 y1fb3 ff64 fs28 fc2 sc0 lsed ws17b\">London </td><td class=\"t m0 x51c h43 y1fb3 ff64 fs28 fc2 sc0 ls14e ws241\">His<span class=\"_ _7\"></span>cox<span class=\"_ _304\"> </span></td><td class=\"t m0 x51d h43 y1fb3 ff64 fs28 fc2 sc0 ls10a ws15c\">Corporate<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x51e h43 y1fb4 ff64 fs28 fc2 sc0 lsf3 ws13f\">Retail<span class=\"_ _304\"> </span></td><td class=\"t m0 x519 h43 y1fb4 ff64 fs28 fc2 sc0 ls8 ws4\">Ma<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ket </td><td class=\"t m0 x51f h43 y1fb4 ff64 fs28 fc2 sc0 lse4 ws15d\">Re &amp; IL<span class=\"_ _7\"></span>S<span class=\"_ _304\"> </span></td><td class=\"t m0 x520 h43 y1fb4 ff64 fs28 fc2 sc0 lsf0 ws1b9\">Centre<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y1fb4 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x521 h43 y1fb5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x522 h43 y1fb5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x523 h43 y1fb5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x524 h43 y1fb5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y1fb5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td></tr><tr><td class=\"c n x1b7 y1fb6 w10 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue<span class=\"_ _304\"> </span></div></td><td class=\"c n x525 y1fb6 w279 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x526 y1fb6 w27a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1,1<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>5<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x527 y1fb6 w27b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">9<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>9.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x528 y1fb6 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x529 y1fb6 w12 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">4,4<span class=\"_ _7\"></span>83.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1fb7 w27c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls89 ws43\">Insurance ser<span class=\"_ _7\"></span>vice e<span class=\"_ _9\"></span>xpe<span class=\"_ _7\"></span>nses<span class=\"_ _304\"> </span></div></td><td class=\"c n x52a y1fb7 w27d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(2,<span class=\"_ _7\"></span>072.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x52b y1fb7 w27e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(856.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x52c y1fb7 w27f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">(26<span class=\"_ _7\"></span>0.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x283 y1fb7 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x52d y1fb7 w280 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>3<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x52e y1fb7 w281 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">9<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fb8 w282 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6d ws44\">Incurred claims<span class=\"_ _9\"></span> and changes to<span class=\"_ _9\"></span> liabilities for<span class=\"_ _9\"></span> incurred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x52f y1fb8 w283 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3e ws162\">(983.<span class=\"_ _9\"></span>6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x530 y1fb8 w284 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">(486.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x531 y1fb8 w285 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(55.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x532 y1fb8 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x533 y1fb8 w286 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1,<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fb9 w287 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _9\"></span>*<span class=\"_ _304\"> </span></div></td><td class=\"c n x534 y1fb9 w288 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(6<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x535 y1fb9 w289 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>51.<span class=\"_ _9\"></span>1)<span class=\"_ _304\"> </span></div></td><td class=\"c n x536 y1fb9 w28a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>9<span class=\"_ _2c\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x2dc y1fb9 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x537 y1fb9 w28b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fba w28c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Oth<span class=\"_ _7\"></span>er attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>*<span class=\"_ _304\"> </span></div></td><td class=\"c n x538 y1fba w28d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x539 y1fba w28e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>8<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x53a y1fba w12a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(8<span class=\"_ _7\"></span>5.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x53b y1fba w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x53c y1fba w28f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fbb w290 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Losses on oner<span class=\"_ _9\"></span>ous contract<span class=\"_ _9\"></span>s and re<span class=\"_ _9\"></span>versals<span class=\"_ _304\"> </span></div></td><td class=\"c n x53d y1fbb w291 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(13<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x53e y1fbb w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x53f y1fbb w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x540 y1fbb w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x541 y1fbb w266 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(13<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fbc w16 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c ws45\">Insurance ser<span class=\"_ _7\"></span>vice result before<span class=\"_ _9\"></span> reinsurance contracts held<span class=\"_ _304\"> </span></div></td><td class=\"c n x542 y1fbc w226 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">265.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x543 y1fbc w292 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x544 y1fbc w293 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb4 wsd1\">70<span class=\"_ _7\"></span>9.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x545 y1fbc w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x546 y1fbc w17 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fbd w294 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums<span class=\"_ _304\"> </span></div></td><td class=\"c n x547 y1fbd w295 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">(250.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x548 y1fbd w296 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(3<span class=\"_ _7\"></span>36.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x549 y1fbd w297 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>53<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x54a y1fbd w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x54b y1fbd w298 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,11<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fbe w299 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Amount reco<span class=\"_ _9\"></span>verable from r<span class=\"_ _9\"></span>einsurers for<span class=\"_ _9\"></span> incurred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x54c y1fbe w2c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12c ws1b0\">16<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x54d y1fbe w29a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">19<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x54e y1fbe w29b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls16f ws230\">(<span class=\"_ _7\"></span>41.<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x54f y1fbe w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x550 y1fbe w1b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fbf w29c h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">Net expense fr<span class=\"_ _9\"></span>om reinsurance contracts held<span class=\"_ _304\"> </span></div></td><td class=\"c n x551 y1fbf w12a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsc9 wsea\">(8<span class=\"_ _7\"></span>5.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x552 y1fbf w29d h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x553 y1fbf w29e h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">(57<span class=\"_ _7\"></span>3.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x54f y1fbf w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x554 y1fbf w1dd h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc0 w29f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c ws45\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n x555 y1fc0 w2a0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x556 y1fc0 w2a1 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsad wsca\">17<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x557 y1fc0 w23a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x558 y1fc0 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x559 y1fc0 w20 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">492.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc1 w2a2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Inve<span class=\"_ _7\"></span>stme<span class=\"_ _7\"></span>nt re<span class=\"_ _7\"></span>sul<span class=\"_ _7\"></span>t<span class=\"_ _304\"> </span></div></td><td class=\"c n x55a y1fc1 w22 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">203<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x55b y1fc1 w166 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x55c y1fc1 w2a3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb4 wsd1\">70.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x55d y1fc1 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x55e y1fc1 w1e9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">3<span class=\"_ _7\"></span>84.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc2 w2a4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance exp<span class=\"_ _7\"></span>ense f<span class=\"_ _7\"></span>rom insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts<span class=\"_ _304\"> </span></div></td><td class=\"c n x55f y1fc2 w2a5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x560 y1fc2 w1fc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x561 y1fc2 w2a6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x562 y1fc2 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x563 y1fc2 w2a7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">(220.7)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc3 w2a8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance in<span class=\"_ _7\"></span>come f<span class=\"_ _7\"></span>rom reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n x564 y1fc3 w2a9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x565 y1fc3 w2aa h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x566 y1fc3 w164 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">3<span class=\"_ _7\"></span>5.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x567 y1fc3 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x568 y1fc3 w2a9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc4 w2ab h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">Net insurance finance i<span class=\"_ _9\"></span>ncome<span class=\"_ _304\"> </span></div></td><td class=\"c n x569 y1fc4 w2ac h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3a ws130\">(8<span class=\"_ _7\"></span>9.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x56a y1fc4 w2ad h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>3<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x56b y1fc4 w2ae h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lseb ws136\">(12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x56c y1fc4 w6f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x56d y1fc4 w2af h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lseb ws136\">(<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc5 w2b0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c ws45\">Net financial result<span class=\"_ _304\"> </span></div></td><td class=\"c n x56e y1fc5 w2b1 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls12a ws1ee\">11<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x56f y1fc5 w230 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">72.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x570 y1fc5 w2b2 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _8\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x571 y1fc5 w6f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x572 y1fc5 w2b3 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls15d ws211\">24<span class=\"_ _7\"></span>4.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc6 w2b4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Other income<span class=\"_ _304\"> </span></div></td><td class=\"c n x573 y1fc6 w28 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x574 y1fc6 w17b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">22.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x575 y1fc6 w2b5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls16f ws230\">41.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x576 y1fc6 w2b6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">6.3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x577 y1fc6 w2e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">9<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc7 w2b7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls21 ws99\">Other<span class=\"_ _9\"></span> operat<span class=\"_ _9\"></span>ional<span class=\"_ _9\"></span> expens<span class=\"_ _9\"></span>es*<span class=\"_ _304\"> </span></div></td><td class=\"c n x578 y1fc7 w2b8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x579 y1fc7 w2b9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(1<span class=\"_ _9\"></span>8.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x57a y1fc7 w112 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x57b y1fc7 w2ba h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _7\"></span>4<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x57c y1fc7 w2af h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc8 w2bb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net for<span class=\"_ _9\"></span>eign ex<span class=\"_ _9\"></span>change losses<span class=\"_ _304\"> </span></div></td><td class=\"c n x57d y1fc8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x57e y1fc8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x57f y1fc8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x580 y1fc8 w2bc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>2<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x581 y1fc8 w2ad h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc9 w2bd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Oth<span class=\"_ _7\"></span>er fina<span class=\"_ _7\"></span>nce cos<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n x582 y1fc9 w215 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls94 wsa9\">(0.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x583 y1fc9 w4d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x584 y1fc9 w2be h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x585 y1fca w2bf h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x586 y1fca w219 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa6 wsc1\">(50.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fcb w2c0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Sha<span class=\"_ _7\"></span>re of profits of asso<span class=\"_ _7\"></span>ciates<span class=\"_ _304\"> </span></div></td><td class=\"c n x587 y1fcb w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x588 y1fcb w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x589 y1fcb w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x58a y1fcb w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x58b y1fcb w179 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed2 w2c1 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">Profit<span class=\"_ _7\"></span>/(loss) befo<span class=\"_ _7\"></span>re ta<span class=\"_ _7\"></span>x<span class=\"_ _304\"> </span></div></td><td class=\"c n x58c y1ed2 w2c2 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x58d y1ed2 w2ae h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>51.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x58e y1ed2 w2c3 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x58f y1ed2 w2c4 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x590 y1ed2 wfa h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls78 ws122\">625<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y1fcc ff64 fs7 fc2 sc0 ls38 ws41\">Ratio a<span class=\"_ _7\"></span>nalysi<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f7e w2c5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cla<span class=\"_ _7\"></span>ims ratio (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x591 y1f7e w2c6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls16f ws230\">41.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x592 y1f7e w203 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">35.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x593 y1f7e w5d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x594 y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x595 y1f7e wa1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>7.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fcd w2c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">E<span class=\"_ _7\"></span>xpe<span class=\"_ _7\"></span>nse ratio (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x596 y1fcd w102 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">50.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x597 y1fcd w188 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">43.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x598 y1fcd w21e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x2a3 y1fcd w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x599 y1fcd w6e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">4<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w2c8 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">Comb<span class=\"_ _7\"></span>ined ra<span class=\"_ _7\"></span>tio (<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x59a y1e80 w2c9 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">91.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x59b y1e80 w6e h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">7<span class=\"_ _8\"></span>9<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x59c y1e80 wa2 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">68.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x59d y1e80 w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x59e y1e80 w215 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls74 ws82\">85.5<span class=\"_ _304\"> </span></div></td></tr></table>* <span class=\"_ _e\"></span>T<span class=\"_ _9\"></span>otal m<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>keting e<span class=\"_ _7\"></span>xpe<span class=\"_ _7\"></span>ndi<span class=\"_ _7\"></span>ture fo<span class=\"_ _7\"></span>r the ye<span class=\"_ _7\"></span>ar wa<span class=\"_ _7\"></span>s $85.0 mi<span class=\"_ _7\"></span>llio<span class=\"_ _7\"></span>n (2022: $65.8 m<span class=\"_ _7\"></span>illi<span class=\"_ _7\"></span>on).<span class=\"_ _304\"> </span>The c<span class=\"_ _7\"></span>laim<span class=\"_ _7\"></span>s ratio is cal<span class=\"_ _7\"></span>culated as i<span class=\"_ _7\"></span>ncurre<span class=\"_ _7\"></span>d clai<span class=\"_ _7\"></span>ms and lo<span class=\"_ _7\"></span>sses o<span class=\"_ _7\"></span>n onero<span class=\"_ _7\"></span>us contra<span class=\"_ _7\"></span>cts net of reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e recover<span class=\"_ _7\"></span>ies, as a pro<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>tion of insur<span class=\"_ _7\"></span>ance reven<span class=\"_ _7\"></span>ue net of all<span class=\"_ _7\"></span>ocatio<span class=\"_ _7\"></span>n of reinsura<span class=\"_ _7\"></span>nce pre<span class=\"_ _7\"></span>miums. T<span class=\"_ _7\"></span>he expe<span class=\"_ _7\"></span>nse ratio is c<span class=\"_ _7\"></span>alcu<span class=\"_ _7\"></span>lated as acq<span class=\"_ _7\"></span>uisitio<span class=\"_ _7\"></span>n costs an<span class=\"_ _7\"></span>d other attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s, as a propor<span class=\"_ _7\"></span>tio<span class=\"_ _7\"></span>n of insura<span class=\"_ _7\"></span>nce revenu<span class=\"_ _7\"></span>e net of allo<span class=\"_ _7\"></span>cation of re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce pre<span class=\"_ _7\"></span>miums. T<span class=\"_ _7\"></span>he com<span class=\"_ _7\"></span>bined r<span class=\"_ _7\"></span>atio is the total of the clai<span class=\"_ _7\"></span>ms and exp<span class=\"_ _7\"></span>ense rati<span class=\"_ _7\"></span>os. All ratio<span class=\"_ _7\"></span>s are on an ow<span class=\"_ _7\"></span>n-share ba<span class=\"_ _7\"></span>sis, whi<span class=\"_ _7\"></span>ch reflec<span class=\"_ _7\"></span>ts the Group\u2019<span class=\"_ _9\"></span>s share in S<span class=\"_ _7\"></span>yndic<span class=\"_ _7\"></span>ate 33, and incl<span class=\"_ _7\"></span>udes a re<span class=\"_ _7\"></span>clas<span class=\"_ _7\"></span>sific<span class=\"_ _7\"></span>ation of LPT pre<span class=\"_ _7\"></span>mium f<span class=\"_ _7\"></span>rom allo<span class=\"_ _7\"></span>cation of rei<span class=\"_ _7\"></span>nsura<span class=\"_ _7\"></span>nce pre<span class=\"_ _7\"></span>mium into amo<span class=\"_ _7\"></span>unts recovera<span class=\"_ _7\"></span>ble f<span class=\"_ _7\"></span>rom reinsu<span class=\"_ _7\"></span>rers as detailed belo<span class=\"_ _9\"></span>w<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Costs a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed to Co<span class=\"_ _7\"></span>rporate Ce<span class=\"_ _7\"></span>ntre along w<span class=\"_ _7\"></span>ith other no<span class=\"_ _7\"></span>n-attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble expe<span class=\"_ _7\"></span>nses a<span class=\"_ _7\"></span>re non-un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>iting-re<span class=\"_ _7\"></span>lated costs a<span class=\"_ _7\"></span>nd are not included within<span class=\"_ _9\"></span> the combined ra<span class=\"_ _9\"></span>tio<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>As noted ab<span class=\"_ _7\"></span>ove<span class=\"_ _9\"></span>, the cl<span class=\"_ _7\"></span>aims ratio, expe<span class=\"_ _7\"></span>nse ratio an<span class=\"_ _7\"></span>d comb<span class=\"_ _7\"></span>ined ratio i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>e a recla<span class=\"_ _7\"></span>ssifi<span class=\"_ _7\"></span>cation of LP<span class=\"_ _7\"></span>T premiu<span class=\"_ _7\"></span>m from all<span class=\"_ _7\"></span>ocatio<span class=\"_ _7\"></span>n of<span class=\"_ _9\"></span> reinsurance pr<span class=\"_ _9\"></span>emiums int<span class=\"_ _9\"></span>o amounts<span class=\"_ _9\"></span> recov<span class=\"_ _9\"></span>erable from reinsur<span class=\"_ _9\"></span>ers for incurred<span class=\"_ _9\"></span> claims. The subsequent<span class=\"_ _9\"></span> impacts o<span class=\"_ _9\"></span>f LPT<span class=\"_ _a\"></span>s within<span class=\"_ _9\"></span> reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses an<span class=\"_ _7\"></span>d reinsu<span class=\"_ _7\"></span>rance i<span class=\"_ _7\"></span>ncom<span class=\"_ _7\"></span>e are ana<span class=\"_ _7\"></span>lysed o<span class=\"_ _7\"></span>n a net basi<span class=\"_ _7\"></span>s within th<span class=\"_ _7\"></span>e net clai<span class=\"_ _7\"></span>ms to provide a vi<span class=\"_ _7\"></span>ew of the unde<span class=\"_ _7\"></span>rly<span class=\"_ _7\"></span>ing develo<span class=\"_ _7\"></span>pment o<span class=\"_ _7\"></span>n these c<span class=\"_ _7\"></span>ontracts, aga<span class=\"_ _7\"></span>inst the c<span class=\"_ _7\"></span>orres<span class=\"_ _7\"></span>pondi<span class=\"_ _7\"></span>ng develo<span class=\"_ _7\"></span>pment of th<span class=\"_ _7\"></span>e gross res<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ves, co<span class=\"_ _7\"></span>nsistent wi<span class=\"_ _7\"></span>th the focus o<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> net performance when assessing under<span class=\"_ _7\"></span>writing performance. The impact<span class=\"_ _9\"></span> on pro<span class=\"_ _9\"></span>fit is neutral<span class=\"_ _9\"></span>, how<span class=\"_ _9\"></span>ever<span class=\"_ _a\"></span>, t<span class=\"_ _9\"></span>his reclassification<span class=\"_ _9\"></span> for the<span class=\"_ _9\"></span> ratios re<span class=\"_ _7\"></span>moves any volatil<span class=\"_ _7\"></span>ity o<span class=\"_ _7\"></span>n a year<span class=\"_ _9\"></span>-on-year c<span class=\"_ _7\"></span>ompar<span class=\"_ _7\"></span>ison.<span class=\"_ _304\"> </span>Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar ende<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _304\"> </span><table class=\"s w2ca hb2\" id=\"_c7779d13-143c-4843-b2f0-c5fee09e5323\"><tr><td></td><td></td><td class=\"t m0 x59f h43 y1fce ff64 fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x5a0 h43 y1fcf ff64 fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td class=\"t m0 x420 h43 y1fcf ff64 fs28 fc2 sc0 lsed ws17b\">London </td><td class=\"t m0 x26c h43 y1fcf ff64 fs28 fc2 sc0 ls14e ws241\">His<span class=\"_ _7\"></span>cox<span class=\"_ _304\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x483 h43 y1fd0 ff64 fs28 fc2 sc0 lsf3 ws13f\">Retail<span class=\"_ _304\"> </span></td><td class=\"t m0 x59f h43 y1fd0 ff64 fs28 fc2 sc0 ls8 ws4\">Ma<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ket </td><td class=\"t m0 x5a1 h43 y1fd0 ff64 fs28 fc2 sc0 lse4 ws15d\">Re &amp; IL<span class=\"_ _7\"></span>S<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h43 y1fd0 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x272 h43 y1fd1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x273 h43 y1fd1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5a2 h43 y1fd1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y1fd1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1fd2 w2cb h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">Insurance rev<span class=\"_ _9\"></span>enue<span class=\"_ _304\"> </span></div></td><td class=\"c n x5a3 y1fd2 w2cc h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x5a4 y1fd2 w2cd h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>5<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x5a5 y1fd2 w27b h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb5 wsd2\">9<span class=\"_ _7\"></span>69.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x5a6 y1fd2 w2ce h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls75 ws11a\">4,48<span class=\"_ _7\"></span>3.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fd3 w294 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums<span class=\"_ _304\"> </span></div></td><td class=\"c n x5a7 y1fd3 w2a7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">(250.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5a8 y1fd3 w2cf h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(336.<span class=\"_ _7\"></span>5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5a9 y1fd3 w29e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(5<span class=\"_ _7\"></span>32.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5aa y1fd3 w2d0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,11<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fd4 w2d1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">LPT premium<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ab y1fd4 w17b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">62.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ac y1fd4 w2d2 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _c\"> </span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ad y1fd4 w2d3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(8.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ae y1fd4 w2d4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">61.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fd5 w2d5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums after reclassify<span class=\"_ _7\"></span>ing LPT<span class=\"_ _9\"></span> premium<span class=\"_ _304\"> </span></div></td><td class=\"c n x5af y1fd5 w2d6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">(18<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b0 y1fd5 w10d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(328.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b1 y1fd5 w295 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">(540.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b2 y1fd5 w2d7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _7\"></span>1<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _c\"> </span>5<span class=\"_ _8\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fd6 w2d8 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls89 wsfe\">Adjusted net insu<span class=\"_ _7\"></span>rance revenue<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b3 y1fd6 w2d9 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _8\"></span>,14<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b4 y1fd6 w2da h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">8<span class=\"_ _c\"> </span>4<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b5 y1fd6 w2db h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb5 wsd2\">429.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b6 y1fd6 w2dc h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls75 ws11a\">3,425.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fd7 w2dd h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">Incur<span class=\"_ _7\"></span>red cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d chang<span class=\"_ _7\"></span>es to liabiliti<span class=\"_ _7\"></span>es for inc<span class=\"_ _7\"></span>urre<span class=\"_ _7\"></span>d claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b7 y1fd7 w283 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3e ws162\">(983.<span class=\"_ _9\"></span>6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b8 y1fd7 w2de h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">(<span class=\"_ _9\"></span>486.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b9 y1fd7 w2df h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls18 ws19\">(5<span class=\"_ _7\"></span>5.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ba y1fd7 w2e0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1,<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fd8 w2e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Amounts r<span class=\"_ _9\"></span>ecoverable fr<span class=\"_ _9\"></span>om reinsurers f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x5bb y1fd8 w2e2 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12c ws1b0\">16<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x5bc y1fd8 w2e3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">19<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x5bd y1fd8 w2e4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls16f ws230\">(<span class=\"_ _7\"></span>41.<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5be y1fd8 w1b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fd9 w2d1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">LPT premium<span class=\"_ _304\"> </span></div></td><td class=\"c n x5bf y1fd9 w2e5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(6<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c0 y1fd9 w2e6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c1 y1fd9 w2e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">8.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c2 y1fd9 w2e8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>1.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fda w2e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6d ws44\">Amounts r<span class=\"_ _9\"></span>ecoverable fr<span class=\"_ _9\"></span>om reinsurers f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> af<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er reclassif<span class=\"_ _7\"></span>ying LPT pr<span class=\"_ _9\"></span>emium<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c3 y1fda w2ea h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c4 y1fda w8d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c5 y1fda w2e5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(3<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c6 y1fda w2eb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">256.<span class=\"_ _20\"></span>1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdb w2ec h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">Adjus<span class=\"_ _7\"></span>ted net incu<span class=\"_ _7\"></span>rred c<span class=\"_ _7\"></span>laims<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c7 y1fdb w2ed h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">(88<span class=\"_ _7\"></span>0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c8 y1fdb w1dd h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5c9 y1fdb w26a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">(88.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ca y1fdb w2ee h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">(1<span class=\"_ _9\"></span>,26<span class=\"_ _7\"></span>9.6)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdc w2ef h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Remove<span class=\"_ _9\"></span> benefit from discounting<span class=\"_ _9\"></span> of claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x5cb y1fdc w2f0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls94 wsa9\">(98.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5cc y1fdc w2f1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">(3<span class=\"_ _7\"></span>9.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5cd y1fdc w2f2 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(6<span class=\"_ _7\"></span>.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ce y1fdc w2f3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls155 ws204\">(<span class=\"_ _7\"></span>14<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdd w2f4 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Undiscounted adjusted net incurred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x5cf y1fdd w2f5 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d0 y1fdd w2f6 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls74 ws82\">(3<span class=\"_ _7\"></span>40.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d1 y1fdd w2f7 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">(9<span class=\"_ _7\"></span>4.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d2 y1fdd w2f8 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls16f ws230\">(<span class=\"_ _7\"></span>1,<span class=\"_ _7\"></span>41<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y1fde ff5f fs7 fc2 sc0 ls38 ws41\">The fo<span class=\"_ _7\"></span>llowing r<span class=\"_ _7\"></span>atios reflec<span class=\"_ _7\"></span>t the recl<span class=\"_ _7\"></span>assi<span class=\"_ _7\"></span>fication of L<span class=\"_ _7\"></span>PT premi<span class=\"_ _7\"></span>um and re<span class=\"_ _7\"></span>move the impac<span class=\"_ _7\"></span>t of discou<span class=\"_ _7\"></span>nting. </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1bb h25 y1fdf ff64 fs7 fc2 sc0 ls7c ws89\">Ratio analysis (<span class=\"_ _9\"></span>undiscounted) </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f7e w2c5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cla<span class=\"_ _7\"></span>ims ratio (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d3 y1f7e wa2 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">46.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d4 y1f7e w164 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">40.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d5 y1f7e w17b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2<span class=\"_ _7\"></span>2.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d6 y1f7e w2f9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls16f ws230\">41<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fcd w2c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">E<span class=\"_ _7\"></span>xpe<span class=\"_ _7\"></span>nse ratio (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d7 y1fcd w102 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">50.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d8 y1fcd wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">43<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x5d9 y1fcd w106 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x5da y1fcd w6e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">4<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w2c8 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">Comb<span class=\"_ _7\"></span>ined ra<span class=\"_ _7\"></span>tio (<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5db y1e80 w2fa h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">96.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x5dc y1e80 w184 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb3 wsd0\">83.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x5dd y1e80 w225 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb5 wsd2\">6<span class=\"_ _7\"></span>9.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x5de y1e80 w225 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb5 wsd2\">8<span class=\"_ _7\"></span>9.8<span class=\"_ _304\"> </span></div></td></tr></table>The i<span class=\"_ _7\"></span>mpact o<span class=\"_ _7\"></span>n profit before ta<span class=\"_ _7\"></span>x of a 1<span class=\"_ _a\"></span>% ch<span class=\"_ _7\"></span>ange in e<span class=\"_ _7\"></span>ach co<span class=\"_ _7\"></span>mpone<span class=\"_ _7\"></span>nt of the seg<span class=\"_ _7\"></span>menta<span class=\"_ _7\"></span>l comb<span class=\"_ _7\"></span>ined ratio<span class=\"_ _7\"></span>s is shown i<span class=\"_ _7\"></span>n the followin<span class=\"_ _7\"></span>g tabl<span class=\"_ _7\"></span>e. Any fur<span class=\"_ _7\"></span>the<span class=\"_ _7\"></span>r ratio cha<span class=\"_ _7\"></span>nge is li<span class=\"_ _7\"></span>near i<span class=\"_ _7\"></span>n nature.<span class=\"_ _304\"> </span><table class=\"s w2fb ha2\" id=\"_5b8ce375-7088-4c6e-a847-75c9a23fde4d\"><tr><td></td><td></td><td></td><td class=\"t m0 x5df h43 y1fe0 ff64 fs28 fc2 sc0 ls145 ws1dc\">Y<span class=\"_ _9\"></span>ear end<span class=\"_ _9\"></span>ed 31<span class=\"_ _9\"></span> December 2<span class=\"_ _9\"></span>023<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x26c h43 y1fe1 ff64 fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td></td></tr><tr><td></td><td class=\"t m0 x59f h43 y1fe2 ff64 fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td class=\"t m0 x5e0 h43 y1fe2 ff64 fs28 fc2 sc0 lsed ws17b\">London </td><td class=\"t m0 x35d h43 y1fe2 ff64 fs28 fc2 sc0 ls14e ws241\">His<span class=\"_ _7\"></span>cox<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x25c h43 y1fe3 ff64 fs28 fc2 sc0 lsf3 ws13f\">Retail<span class=\"_ _304\"> </span></td><td class=\"t m0 x26c h43 y1fe3 ff64 fs28 fc2 sc0 ls8 ws4\">Ma<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ket </td><td class=\"t m0 x5e1 h43 y1fe3 ff64 fs28 fc2 sc0 lse4 ws15d\">Re &amp; IL<span class=\"_ _7\"></span>S<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x273 h43 y1fe4 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5a2 h43 y1fe4 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y1fe4 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1e80 w2fc h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">1<span class=\"_ _a\"></span>% chan<span class=\"_ _7\"></span>ge in clai<span class=\"_ _7\"></span>ms or expe<span class=\"_ _7\"></span>nse ratio<span class=\"_ _304\"> </span></div></td><td class=\"c n x5e2 y1e80 w2a9 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x5e3 y1e80 w2b6 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">8.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x5e4 y1e80 w2fd h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">4.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022 (restated)<span class=\"_ _304\"> </span><table class=\"s w2fe hb3\" id=\"_ed2d1aad-3ae3-41c4-92d7-11f5097962e0\"><tr><td></td><td></td><td class=\"t m0 x5e5 h44 y1fe5 ff5f fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x5e6 h44 y1fe6 ff5f fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td class=\"t m0 x519 h44 y1fe6 ff5f fs28 fc2 sc0 ls10a ws15c\">London<span class=\"_ _9\"></span> </td><td class=\"t m0 x5e7 h44 y1fe6 ff5f fs28 fc2 sc0 ls85 ws9b\">His<span class=\"_ _7\"></span>cox<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e8 h44 y1fe6 ff5f fs28 fc2 sc0 ls10a ws15c\">Corporate<span class=\"_ _304\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x5e9 h44 y1fe7 ff5f fs28 fc2 sc0 lse6 ws12d\">Retail<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e5 h44 y1fe7 ff5f fs28 fc2 sc0 ls34 ws160\">Market<span class=\"_ _9\"></span> </td><td class=\"t m0 x5ea h44 y1fe7 ff5f fs28 fc2 sc0 lse4 ws15d\">Re &amp; IL<span class=\"_ _7\"></span>S<span class=\"_ _304\"> </span></td><td class=\"t m0 x5eb h44 y1fe7 ff5f fs28 fc2 sc0 ls3 ws90\">Centre<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y1fe7 ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x5ec h44 y1fe8 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x522 h44 y1fe8 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x523 h44 y1fe8 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5ed h44 y1fe8 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y1fe8 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1fe9 w10 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ee y1fe9 w2ff h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">2,<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>18<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ef y1fe9 w72 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">1<span class=\"_ _a\"></span>,<span class=\"_ _a\"></span>130.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f0 y1fe9 w1f5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">9<span class=\"_ _7\"></span>24.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f1 y1fe9 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f2 y1fe9 w13 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">4,<span class=\"_ _7\"></span>273.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fea w27c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls89 ws43\">Insurance ser<span class=\"_ _7\"></span>vice e<span class=\"_ _9\"></span>xpe<span class=\"_ _7\"></span>nses<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f3 y1fea w300 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(2,<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f4 y1fea w301 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f5 y1fea w302 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws9b\">(601<span class=\"_ _a\"></span>.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f6 y1fea w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f7 y1fea w15 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">(3<span class=\"_ _7\"></span>,48<span class=\"_ _7\"></span>5.9<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1feb w282 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6d ws44\">Incurred claims<span class=\"_ _9\"></span> and changes to<span class=\"_ _9\"></span> liabilities for<span class=\"_ _9\"></span> incurred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f8 y1feb w303 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">(<span class=\"_ _7\"></span>95<span class=\"_ _7\"></span>8.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5f9 y1feb w304 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(5<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5fa y1feb w305 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(<span class=\"_ _9\"></span>436.<span class=\"_ _a\"></span>7)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5fb y1feb w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x5fc y1feb w306 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>9<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fec w307 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _304\"> </span></div></td><td class=\"c n x5fd y1fec w229 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">(<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>18<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5fe y1fec w308 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls150 ws1fb\">(<span class=\"_ _7\"></span>276<span class=\"_ _7\"></span>.6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x5ff y1fec w309 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(1<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>0.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x532 y1fec w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x600 y1fec w30a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>,<span class=\"_ _9\"></span>0<span class=\"_ _7\"></span>05.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fed w30b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Oth<span class=\"_ _7\"></span>er attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x601 y1fed w30c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(4<span class=\"_ _9\"></span>22<span class=\"_ _9\"></span>.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x602 y1fed w30d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x603 y1fed w30e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">(<span class=\"_ _7\"></span>54.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x604 y1fed w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x605 y1fed w1f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(57<span class=\"_ _9\"></span>5.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fee w290 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Losses on oner<span class=\"_ _9\"></span>ous contract<span class=\"_ _9\"></span>s and re<span class=\"_ _9\"></span>versals<span class=\"_ _304\"> </span></div></td><td class=\"c n x606 y1fee w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x607 y1fee w310 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(<span class=\"_ _7\"></span>0.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x608 y1fee w311 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x609 y1fee w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x60a y1fee w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.8)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fbc w312 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance service result befor<span class=\"_ _9\"></span>e reinsurance con<span class=\"_ _9\"></span>tracts held<span class=\"_ _304\"> </span></div></td><td class=\"c n x60b y1fbc w313 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">2<span class=\"_ _7\"></span>15<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x60c y1fbc w1fb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">24<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x60d y1fbc w314 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">3<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>2.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x60e y1fbc w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x60f y1fbc w18 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fef w294 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums<span class=\"_ _304\"> </span></div></td><td class=\"c n x610 y1fef w24f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">(293.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x611 y1fef w315 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws11c\">(356.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x612 y1fef w316 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">(<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>15<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x613 y1fef w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x614 y1fef w317 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff0 w299 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Amount reco<span class=\"_ _9\"></span>verable from r<span class=\"_ _9\"></span>einsurers for<span class=\"_ _9\"></span> incurred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x615 y1ff0 w3b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">26<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x616 y1ff0 w21 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">2<span class=\"_ _7\"></span>30.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x617 y1ff0 w318 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">3<span class=\"_ _c\"> </span>4<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x618 y1ff0 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x619 y1ff0 w319 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">83<span class=\"_ _7\"></span>8.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fbf w31a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net exp<span class=\"_ _7\"></span>ense f<span class=\"_ _7\"></span>rom reinsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e contracts h<span class=\"_ _7\"></span>eld<span class=\"_ _304\"> </span></div></td><td class=\"c n x61a y1fbf w31b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3<span class=\"_ _7\"></span>3.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x61b y1fbf w31c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x61c y1fbf w31d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>2<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"> </span>7.<span class=\"_ _c\"> </span>8<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x61d y1fbf w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x61e y1fbf w1f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(<span class=\"_ _9\"></span>426.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc0 w31e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n x61f y1fc0 w8f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">18<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x620 y1fc0 w31f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x621 y1fc0 w248 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x613 y1fc0 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x622 y1fc0 w320 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">3<span class=\"_ _7\"></span>60<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff1 w2a2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Inve<span class=\"_ _7\"></span>stme<span class=\"_ _7\"></span>nt re<span class=\"_ _7\"></span>sul<span class=\"_ _7\"></span>t<span class=\"_ _304\"> </span></div></td><td class=\"c n x623 y1ff1 w321 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">(98.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x624 y1ff1 w322 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(5<span class=\"_ _7\"></span>4.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x625 y1ff1 w323 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">(<span class=\"_ _7\"></span>34.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x626 y1ff1 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x627 y1ff1 w324 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff2 w2a4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance exp<span class=\"_ _7\"></span>ense f<span class=\"_ _7\"></span>rom insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts<span class=\"_ _304\"> </span></div></td><td class=\"c n x628 y1ff2 w1fc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x629 y1ff2 w5e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">56.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x62a y1ff2 w89 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x532 y1ff2 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x62b y1ff2 w325 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">2<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff3 w2a8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance in<span class=\"_ _7\"></span>come f<span class=\"_ _7\"></span>rom reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n x623 y1ff3 wcd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(38.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x62c y1ff3 w326 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(2<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x62d y1ff3 w327 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x62e y1ff3 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x62f y1ff3 w29 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _7\"></span>1<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc4 w328 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net insurance finance e<span class=\"_ _9\"></span>xpense<span class=\"_ _304\"> </span></div></td><td class=\"c n x630 y1fc4 wc2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">68<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x631 y1fc4 w230 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsde ws144\">28<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x632 y1fc4 w329 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">1<span class=\"_ _9\"></span>4.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x633 y1fc4 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x634 y1fc4 w32a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">111<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fc5 w32b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net financial result<span class=\"_ _304\"> </span></div></td><td class=\"c n x635 y1fc5 w143 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(3<span class=\"_ _7\"></span>0.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x636 y1fc5 w126 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(25.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x637 y1fc5 w32c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls10e ws166\">(19<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x638 y1fc5 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x639 y1fc5 w32d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(75<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>7)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff4 w2b4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Other income<span class=\"_ _304\"> </span></div></td><td class=\"c n x63a y1ff4 w32e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x63b y1ff4 w32f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _c\"> </span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x63c y1ff4 wc2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">20.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x63d y1ff4 w228 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x63e y1ff4 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">4<span class=\"_ _7\"></span>2.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff5 w330 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls21 ws99\">Other<span class=\"_ _9\"></span> operat<span class=\"_ _9\"></span>ional<span class=\"_ _9\"></span> expens<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n x63f y1ff5 w331 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x640 y1ff5 w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x641 y1ff5 w332 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x642 y1ff5 wce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(23.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x643 y1ff5 w333 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws9b\">(67<span class=\"_ _20\"></span>.8)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdd w2bb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net for<span class=\"_ _9\"></span>eign ex<span class=\"_ _9\"></span>change losses<span class=\"_ _304\"> </span></div></td><td class=\"c n x644 y1fdd w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x645 y1fdd w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x646 y1fdd w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x647 y1fdd w334 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x648 y1fdd w335 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _8\"></span>4.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff6 w2bd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Oth<span class=\"_ _7\"></span>er fina<span class=\"_ _7\"></span>nce cos<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n x649 y1ff6 w336 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(1<span class=\"_ _a\"></span>.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x64a y1ff6 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x64b y1ff6 w148 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x585 y1fca w337 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x64c y1fca w36 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff7 w338 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Sha<span class=\"_ _7\"></span>re of profit of asso<span class=\"_ _7\"></span>ciates<span class=\"_ _304\"> </span></div></td><td class=\"c n x64d y1ff7 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x64e y1ff7 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x64f y1ff7 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x650 y1ff7 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">0.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x651 y1ff7 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">0.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed2 w339 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls74 ws9a\">Profit<span class=\"_ _7\"></span>/(los<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>) b<span class=\"_ _7\"></span>efore ta<span class=\"_ _7\"></span>x<span class=\"_ _304\"> </span></div></td><td class=\"c n x652 y1ed2 w33a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">13<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x653 y1ed2 w33b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">10<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x654 y1ed2 wc2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">46<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x655 y1ed2 w33c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(2<span class=\"_ _9\"></span>.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x656 y1ed2 w3c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">27<span class=\"_ _9\"></span>5.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y1ff8 ff5f fs7 fc2 sc0 ls38 ws41\">Ratio an<span class=\"_ _7\"></span>alys<span class=\"_ _7\"></span>is </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f86 w2c5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cla<span class=\"_ _7\"></span>ims ratio (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x657 y1f86 w54 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">40.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x658 y1f86 wcc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">3<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x659 y1f86 wfd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _c\"> </span>8<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x571 y1f86 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x65a y1f86 w248 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w2c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">E<span class=\"_ _7\"></span>xpe<span class=\"_ _7\"></span>nse ratio (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x65b y1e8e w33d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">51.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x65c y1e8e wcc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x65d y1e8e w33e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">46.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x65e y1e8e w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x65f y1e8e w33f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">4<span class=\"_ _7\"></span>9.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w340 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Combined rat<span class=\"_ _9\"></span>io (<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x660 y1e80 w341 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">91.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x661 y1e80 w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">8<span class=\"_ _7\"></span>4.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x65d y1e80 w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">84.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x662 y1e80 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x663 y1e80 w334 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">8<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr></table>The impact o<span class=\"_ _9\"></span>f the r<span class=\"_ _9\"></span>eclassification of<span class=\"_ _9\"></span> LPT premium is<span class=\"_ _9\"></span> shown in t<span class=\"_ _9\"></span>he follo<span class=\"_ _9\"></span>wing table.<span class=\"_ _304\"> </span>Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022<span class=\"_ _304\"> </span><table class=\"s w342 hb4\" id=\"_e0e70b6c-8f64-4698-a0ea-4ad3acfd445a\"><tr><td></td><td></td><td class=\"t m0 x664 h44 y1ff9 ff5f fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x665 h44 y1ffa ff5f fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td class=\"t m0 x420 h44 y1ffa ff5f fs28 fc2 sc0 ls10a ws15c\">London<span class=\"_ _9\"></span> </td><td class=\"t m0 x666 h44 y1ffa ff5f fs28 fc2 sc0 ls85 ws9b\">His<span class=\"_ _7\"></span>cox<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x667 h44 y1ffb ff5f fs28 fc2 sc0 lse6 ws12d\">Retail<span class=\"_ _304\"> </span></td><td class=\"t m0 x664 h44 y1ffb ff5f fs28 fc2 sc0 ls34 ws160\">Market<span class=\"_ _9\"></span> </td><td class=\"t m0 x5a1 h44 y1ffb ff5f fs28 fc2 sc0 lse4 ws15d\">Re &amp; IL<span class=\"_ _7\"></span>S<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y1ffb ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x272 h44 y1ffc ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x273 h44 y1ffc ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x274 h44 y1ffc ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1ffc ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td></tr><tr><td class=\"c n x1b7 y1ffd w10 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue<span class=\"_ _304\"> </span></div></td><td class=\"c n x668 y1ffd w343 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 ws80\">2<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>218<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x669 y1ffd w344 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 wsb4\">1<span class=\"_ _9\"></span>,<span class=\"_ _20\"></span>130.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x66a y1ffd w1f5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b ws134\">9<span class=\"_ _7\"></span>24.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x66b y1ffd w345 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">4,<span class=\"_ _7\"></span>273.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1ffe w294 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums<span class=\"_ _304\"> </span></div></td><td class=\"c n x66c y1ffe w24f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 ws158\">(293.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x66d y1ffe w346 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws9e\">(3<span class=\"_ _7\"></span>56.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x66e y1ffe w347 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws98\">(<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>15<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x66f y1ffe w348 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1fff w2d1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">LPT premium<span class=\"_ _304\"> </span></div></td><td class=\"c n x670 y1fff w349 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x671 y1fff w163 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">20.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x672 y1fff w34a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">46.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x673 y1fff w8e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">18<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y2000 w2d5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums after reclassify<span class=\"_ _7\"></span>ing LPT<span class=\"_ _9\"></span> premium<span class=\"_ _304\"> </span></div></td><td class=\"c n x674 y2000 w34b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls10d wsea\">(<span class=\"_ _7\"></span>17<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x675 y2000 w34c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws199\">(335.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x676 y2000 w34d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws178\">(56<span class=\"_ _7\"></span>9.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x677 y2000 w34e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(<span class=\"_ _7\"></span>1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y2001 w34f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ed net in<span class=\"_ _9\"></span>surance rev<span class=\"_ _9\"></span>enue<span class=\"_ _304\"> </span></div></td><td class=\"c n x678 y2001 w350 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b ws134\">2,<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x679 y2001 w351 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbd\">7<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x67a y2001 w3b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 wsb4\">35<span class=\"_ _7\"></span>5.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x67b y2001 w1df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab ws143\">3<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x67c y2001 wd4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab ws143\">9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2002 w352 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Incurred claims<span class=\"_ _9\"></span> and changes to<span class=\"_ _9\"></span> liabilities for<span class=\"_ _9\"></span> incurred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x67d y2002 w303 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws116\">(9<span class=\"_ _7\"></span>58.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x67e y2002 w353 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 ws242\">(<span class=\"_ _7\"></span>50<span class=\"_ _8\"></span>6.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x67f y2002 w354 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">(<span class=\"_ _9\"></span>436.<span class=\"_ _a\"></span>7)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x680 y2002 w306 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbd\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>9<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2003 w2e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Amounts r<span class=\"_ _9\"></span>ecoverable fr<span class=\"_ _9\"></span>om reinsurers f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x5bb y2003 w355 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">260.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x681 y2003 w19d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">23<span class=\"_ _7\"></span>0.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x682 y2003 w356 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">3<span class=\"_ _c\"> </span>4<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x683 y2003 w357 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">83<span class=\"_ _7\"></span>8.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2004 w2d1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">LPT premium<span class=\"_ _304\"> </span></div></td><td class=\"c n x684 y2004 w358 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab ws143\">(<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x685 y2004 w359 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws1c3\">(20.8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x686 y2004 w4a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws243\">(4<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x687 y2004 w35a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 ws80\">(<span class=\"_ _7\"></span>18<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2005 w2e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6d ws44\">Amounts r<span class=\"_ _9\"></span>ecoverable fr<span class=\"_ _9\"></span>om reinsurers f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> af<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er reclassif<span class=\"_ _7\"></span>ying LPT pr<span class=\"_ _9\"></span>emium<span class=\"_ _304\"> </span></div></td><td class=\"c n x688 y2005 w35b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">14<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x689 y2005 w1b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x68a y2005 w35c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">3<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x68b y2005 w2ba h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">6<span class=\"_ _c\"> </span>5<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2006 w35d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ed net inc<span class=\"_ _9\"></span>urred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x68c y2006 w31c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae ws19\">(<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x68d y2006 w35e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 ws158\">(29<span class=\"_ _7\"></span>6.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x68e y2006 w35f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 ws93\">(13<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x68f y2006 w360 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws11a\">(<span class=\"_ _7\"></span>1,<span class=\"_ _8\"></span>24<span class=\"_ _2c\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2007 w2ef h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Remove<span class=\"_ _9\"></span> benefit from discounting<span class=\"_ _9\"></span> of claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x690 y2007 w361 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 ws167\">(53.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x63c y2007 w268 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 wsc2\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x691 y2007 w362 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws243\">(4<span class=\"_ _7\"></span>.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x692 y2007 w14c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 ws19a\">(<span class=\"_ _7\"></span>75.<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2008 w363 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Undiscount<span class=\"_ _9\"></span>ed adjust<span class=\"_ _9\"></span>ed net inc<span class=\"_ _9\"></span>urred claims<span class=\"_ _304\"> </span></div></td><td class=\"c n x693 y2008 w364 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws1c3\">(8<span class=\"_ _7\"></span>65.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x694 y2008 w365 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad ws11d\">(<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x695 y2008 w366 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 ws93\">(<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x696 y2008 w367 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws11a\">(<span class=\"_ _7\"></span>1,<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>19<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2009 ff5f fs7 fc2 sc0 ls39 ws43\">Ratio analysis<span class=\"_ _9\"></span> (undiscount<span class=\"_ _9\"></span>ed) </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f86 w2c5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cla<span class=\"_ _7\"></span>ims ratio (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x697 y1f86 w368 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">42<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x698 y1f86 w369 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">39.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x699 y1f86 w33f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">3<span class=\"_ _7\"></span>9.2<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x69a y1f86 w248 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsee ws13a\">41.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w2c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">E<span class=\"_ _7\"></span>xpe<span class=\"_ _7\"></span>nse ratio (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x69b y1ed8 w36a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">51.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x69c y1ed8 wcc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x69d y1ed8 w67 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">4<span class=\"_ _7\"></span>6.4<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x69e y1ed8 w36b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">49.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w340 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Combined rat<span class=\"_ _9\"></span>io (<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x69f y1e80 wbb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">9<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6a0 y1e80 w334 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">8<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6a1 y1e80 w5e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">85.6<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x6a2 y1e80 wac h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">9<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr></table>The i<span class=\"_ _7\"></span>mpact o<span class=\"_ _7\"></span>n profit before ta<span class=\"_ _7\"></span>x of a 1<span class=\"_ _a\"></span>% ch<span class=\"_ _7\"></span>ange in e<span class=\"_ _7\"></span>ach co<span class=\"_ _7\"></span>mpone<span class=\"_ _7\"></span>nt of the seg<span class=\"_ _7\"></span>menta<span class=\"_ _7\"></span>l comb<span class=\"_ _7\"></span>ined ratio<span class=\"_ _7\"></span>s is shown i<span class=\"_ _7\"></span>n the followin<span class=\"_ _7\"></span>g tabl<span class=\"_ _7\"></span>e. Any fur<span class=\"_ _7\"></span>the<span class=\"_ _7\"></span>r ratio cha<span class=\"_ _7\"></span>nge is li<span class=\"_ _7\"></span>near i<span class=\"_ _7\"></span>n nature.<span class=\"_ _304\"> </span><table class=\"s w1d5 hb5\" id=\"_fc031991-73ca-4c39-a036-54414c7133df\"><tr><td></td><td></td><td></td><td class=\"t m0 x41c h44 y200a ff5f fs28 fc2 sc0 lse4 ws15d\">Y<span class=\"_ _9\"></span>ea<span class=\"_ _7\"></span>r en<span class=\"_ _7\"></span>ded 31 De<span class=\"_ _7\"></span>ce<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x666 h44 y200b ff5f fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td></td></tr><tr><td></td><td class=\"t m0 x664 h44 y200c ff5f fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td class=\"t m0 x5e0 h44 y200c ff5f fs28 fc2 sc0 ls10a ws15c\">London<span class=\"_ _9\"></span> </td><td class=\"t m0 x35d h44 y200c ff5f fs28 fc2 sc0 ls85 ws9b\">His<span class=\"_ _7\"></span>cox<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x6a3 h44 y200d ff5f fs28 fc2 sc0 lse6 ws12d\">Retail<span class=\"_ _304\"> </span></td><td class=\"t m0 x666 h44 y200d ff5f fs28 fc2 sc0 ls34 ws160\">Market<span class=\"_ _9\"></span> </td><td class=\"t m0 x6a4 h44 y200d ff5f fs28 fc2 sc0 lse4 ws15d\">Re &amp; IL<span class=\"_ _7\"></span>S<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x273 h44 y200e ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x274 h44 y200e ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y200e ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1e80 w36c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">1<span class=\"_ _a\"></span>% cha<span class=\"_ _7\"></span>nge in cl<span class=\"_ _7\"></span>aims or ex<span class=\"_ _7\"></span>pense r<span class=\"_ _7\"></span>atio<span class=\"_ _304\"> </span></div></td><td class=\"c n x6a5 y1e80 w33e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">20.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x6a6 y1e80 w36d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">8.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6a7 y1e80 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">3.6<span class=\"_ _304\"> </span></div></td></tr></table>(b<span class=\"_ _9\"></span>) Geographical informat<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s op<span class=\"_ _7\"></span>eratio<span class=\"_ _7\"></span>nal se<span class=\"_ _7\"></span>gments un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>ite busin<span class=\"_ _7\"></span>ess do<span class=\"_ _7\"></span>mesti<span class=\"_ _7\"></span>call<span class=\"_ _7\"></span>y in Ber<span class=\"_ _7\"></span>muda a<span class=\"_ _7\"></span>nd from lo<span class=\"_ _7\"></span>cations i<span class=\"_ _7\"></span>n the UK, USA<span class=\"_ _7\"></span>, Gue<span class=\"_ _7\"></span>rnsey<span class=\"_ _9\"></span>, France<span class=\"_ _9\"></span>, Germany<span class=\"_ _a\"></span>, Belgium,<span class=\"_ _9\"></span> The Netherlands, S<span class=\"_ _9\"></span>pain, P<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>tugal<span class=\"_ _9\"></span>, Ireland<span class=\"_ _9\"></span>, Singapore and<span class=\"_ _9\"></span> Thailand.<span class=\"_ _9\"></span> The fo<span class=\"_ _7\"></span>llowing t<span class=\"_ _7\"></span>able prov<span class=\"_ _7\"></span>ides a<span class=\"_ _7\"></span>n anal<span class=\"_ _7\"></span>ysis of the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s insur<span class=\"_ _7\"></span>ance reven<span class=\"_ _7\"></span>ue by materia<span class=\"_ _7\"></span>l geog<span class=\"_ _7\"></span>raphi<span class=\"_ _7\"></span>cal lo<span class=\"_ _7\"></span>cation f<span class=\"_ _7\"></span>rom exter<span class=\"_ _7\"></span>nal pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ties:<span class=\"_ _304\"> </span>Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue from ex<span class=\"_ _7\"></span>terna<span class=\"_ _7\"></span>l par<span class=\"_ _7\"></span>ties<span class=\"_ _304\"> </span><table class=\"s w36e hb6\" id=\"_f8509c8f-1826-4a09-a940-8f0b5cdaacd2\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x49a h44 y200f ff5f fs28 fc2 sc0 lse4 ws15d\">Y<span class=\"_ _9\"></span>ea<span class=\"_ _7\"></span>r to 31 Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er 202<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x6a8 h43 y2010 ff64 fs28 fc2 sc0 lse4 ws15d\">Y<span class=\"_ _9\"></span>ea<span class=\"_ _7\"></span>r to 31 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 20<span class=\"_ _7\"></span>23<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td class=\"t m0 x1ff h44 y2010 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x6a9 h43 y2011 ff64 fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td></td><td></td><td></td><td></td><td class=\"t m0 x5e5 h44 y2011 ff5f fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x6aa h43 y2012 ff64 fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td class=\"t m0 x6ab h43 y2012 ff64 fs28 fc2 sc0 lsed ws17b\">London </td><td class=\"t m0 x6ac h43 y2012 ff64 fs28 fc2 sc0 ls14e ws241\">His<span class=\"_ _7\"></span>cox<span class=\"_ _304\"> </span></td><td class=\"t m0 x6ad h43 y2012 ff64 fs28 fc2 sc0 ls10a ws15c\" colspan=\"2\">Corporate<span class=\"_ _304\"> </span></td><td class=\"t m0 x51e h44 y2012 ff5f fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td class=\"t m0 x519 h44 y2012 ff5f fs28 fc2 sc0 ls10a ws15c\">London<span class=\"_ _9\"></span> </td><td class=\"t m0 x5e7 h44 y2012 ff5f fs28 fc2 sc0 ls85 ws9b\">His<span class=\"_ _7\"></span>cox<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e8 h44 y2012 ff5f fs28 fc2 sc0 ls10a ws15c\">Corporate<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2012 ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3b6 h43 y2013 ff64 fs28 fc2 sc0 lsf3 ws13f\">Retail<span class=\"_ _304\"> </span></td><td class=\"t m0 x6a9 h43 y2013 ff64 fs28 fc2 sc0 ls8 ws4\">Ma<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ket </td><td class=\"t m0 x6ae h43 y2013 ff64 fs28 fc2 sc0 lse4 ws15d\">Re &amp; IL<span class=\"_ _7\"></span>S<span class=\"_ _304\"> </span></td><td class=\"t m0 x6af h43 y2013 ff64 fs28 fc2 sc0 lsf0 ws1b9\">Centre<span class=\"_ _304\"> </span></td><td class=\"t m0 x6b0 h43 y2013 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td><td class=\"t m0 x6b1 h44 y2013 ff5f fs28 fc2 sc0 lse6 ws12d\">Retail<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e5 h44 y2013 ff5f fs28 fc2 sc0 ls34 ws160\">Market<span class=\"_ _9\"></span> </td><td class=\"t m0 x5ea h44 y2013 ff5f fs28 fc2 sc0 lse4 ws15d\">Re &amp; IL<span class=\"_ _7\"></span>S<span class=\"_ _304\"> </span></td><td class=\"t m0 x5eb h44 y2013 ff5f fs28 fc2 sc0 ls3 ws90\">Centre<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y2013 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x6b2 h43 y2014 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x6b3 h43 y2014 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d0 h43 y2014 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x6b4 h43 y2014 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x6b5 h43 y2014 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x44c h44 y2014 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x522 h44 y2014 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x523 h44 y2014 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5ed h44 y2014 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td></tr><tr><td class=\"c n x1b7 y2015 w36f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d wsf4\">UK<span class=\"_ _304\"> </span></div></td><td class=\"c n x6b6 y2015 w370 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa9 ws106\">729.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x6b7 y2015 w2fa h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">9<span class=\"_ _7\"></span>6.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x6b8 y2015 w371 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls16f ws230\">41<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6b9 y2015 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ba y2015 w372 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">8<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6bb y2015 w373 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6bc y2015 w248 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">8<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x6bd y2015 w374 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x54a y2015 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6be y2015 w375 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">883.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2016 w376 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">Eur<span class=\"_ _9\"></span>ope<span class=\"_ _304\"> </span></div></td><td class=\"c n x6bf y2016 w377 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c0 y2016 w378 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">8<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c1 y2016 w18e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">6<span class=\"_ _7\"></span>2.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c2 y2016 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c3 y2016 w379 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls140 ws226\">741<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c4 y2016 w37a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsf8 ws146\">478<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c5 y2016 w37b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">8<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c6 y2016 w33f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">4<span class=\"_ _7\"></span>9.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c7 y2016 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c8 y2016 w37c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">610<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w37d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls89 wsd5\">USA<span class=\"_ _304\"> </span></div></td><td class=\"c n x6b6 y1f86 w197 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">93<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c9 y1f86 w2ac h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa9 ws106\">729.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ca y1f86 w37e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">5<span class=\"_ _7\"></span>52.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x6cb y1f86 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6cc y1f86 w37f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls155 ws204\">2,<span class=\"_ _2c\"></span>2<span class=\"_ _7\"></span>14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x6cd y1f86 w254 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">90<span class=\"_ _7\"></span>9.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ce y1f86 w1fb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">67<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6cf y1f86 w2e4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">5<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d0 y1f86 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d1 y1f86 w380 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">2<span class=\"_ _8\"></span>,11<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w381 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Re<span class=\"_ _7\"></span>st of wor<span class=\"_ _7\"></span>ld<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d2 y1e8e w382 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">7<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d3 y1e8e w219 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d4 y1e8e w116 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d5 y1e8e w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d6 y1e8e w27b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">6<span class=\"_ _7\"></span>59.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d7 y1e8e w383 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">72.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d8 y1e8e w384 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsde ws144\">28<span class=\"_ _7\"></span>6.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d9 y1e8e w20f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">3<span class=\"_ _7\"></span>06.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x6da y1e8e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6db y1e8e w385 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">6<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>5.4<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x6dc y1e80 w279 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6dd y1e80 w386 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>5<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x6de y1e80 w27b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">9<span class=\"_ _7\"></span>69.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x6df y1e80 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e0 y1e80 w12 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">4,4<span class=\"_ _7\"></span>83.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e1 y1e80 w387 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">2,<span class=\"_ _8\"></span>218<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e2 y1e80 w388 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e3 y1e80 w1fb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">9<span class=\"_ _7\"></span>24<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e4 y1e80 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e5 y1e80 w389 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">4,273<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td></tr></table>The fo<span class=\"_ _7\"></span>llowing t<span class=\"_ _7\"></span>able prov<span class=\"_ _7\"></span>ides a<span class=\"_ _7\"></span>n anal<span class=\"_ _7\"></span>ysis of the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s non-c<span class=\"_ _7\"></span>urren<span class=\"_ _7\"></span>t assets by mater<span class=\"_ _7\"></span>ial ge<span class=\"_ _7\"></span>ograp<span class=\"_ _7\"></span>hica<span class=\"_ _7\"></span>l locati<span class=\"_ _7\"></span>on excluding fi<span class=\"_ _7\"></span>nanci<span class=\"_ _7\"></span>al instr<span class=\"_ _7\"></span>uments, defe<span class=\"_ _7\"></span>rred t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>ssets, pos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-emp<span class=\"_ _7\"></span>loyme<span class=\"_ _7\"></span>nt bene<span class=\"_ _7\"></span>fit asse<span class=\"_ _7\"></span>ts, and righ<span class=\"_ _7\"></span>ts arisi<span class=\"_ _7\"></span>ng unde<span class=\"_ _7\"></span>r insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ontracts:<span class=\"_ _304\"> </span>Non-cur<span class=\"_ _7\"></span>rent assets<table class=\"s w1ef hb7\" id=\"_13170115-b5f1-4761-9b8f-d38e9e670ac0\"><tr><td></td><td class=\"t m0 x44e h43 y2017 ff64 fs28 fc2 sc0 ls9f ws21e\"> 2023<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x44f h44 y2017 ff5f fs28 fc2 sc0 lsa1 ws23b\"> 2022<span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x44e h43 y2018 ff64 fs28 fc2 sc0 lsf3 ws237\"> total</td><td class=\"t m0 x44f h44 y2018 ff5f fs28 fc2 sc0 lsf2 ws23c\"> tota<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2019 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y2019 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2015 w36f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d wsf4\">UK<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e6 y2015 wfa h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls78 ws122\">254<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e7 y2015 w38a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2016 w376 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">Eur<span class=\"_ _9\"></span>ope<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e8 y2016 w184 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">83.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e9 y2016 w33f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">5<span class=\"_ _7\"></span>9.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w37d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls89 wsd5\">USA<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ea y1f86 w38b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6eb y1f86 w24a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w381 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Re<span class=\"_ _7\"></span>st of wor<span class=\"_ _7\"></span>ld<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ec y1e8e w38c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">8.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ed y1e8e w38d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x6ee y1e80 w1c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">455.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ef y1e80 w2c2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _c\"> </span>5<span class=\"_ _8\"></span>9<span class=\"_ _2c\"></span>.1</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-469": {
   "value": "(b<span class=\"_ _9\"></span>) Geographical informat<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s op<span class=\"_ _7\"></span>eratio<span class=\"_ _7\"></span>nal se<span class=\"_ _7\"></span>gments un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>ite busin<span class=\"_ _7\"></span>ess do<span class=\"_ _7\"></span>mesti<span class=\"_ _7\"></span>call<span class=\"_ _7\"></span>y in Ber<span class=\"_ _7\"></span>muda a<span class=\"_ _7\"></span>nd from lo<span class=\"_ _7\"></span>cations i<span class=\"_ _7\"></span>n the UK, USA<span class=\"_ _7\"></span>, Gue<span class=\"_ _7\"></span>rnsey<span class=\"_ _9\"></span>, France<span class=\"_ _9\"></span>, Germany<span class=\"_ _a\"></span>, Belgium,<span class=\"_ _9\"></span> The Netherlands, S<span class=\"_ _9\"></span>pain, P<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>tugal<span class=\"_ _9\"></span>, Ireland<span class=\"_ _9\"></span>, Singapore and<span class=\"_ _9\"></span> Thailand.<span class=\"_ _9\"></span> The fo<span class=\"_ _7\"></span>llowing t<span class=\"_ _7\"></span>able prov<span class=\"_ _7\"></span>ides a<span class=\"_ _7\"></span>n anal<span class=\"_ _7\"></span>ysis of the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s insur<span class=\"_ _7\"></span>ance reven<span class=\"_ _7\"></span>ue by materia<span class=\"_ _7\"></span>l geog<span class=\"_ _7\"></span>raphi<span class=\"_ _7\"></span>cal lo<span class=\"_ _7\"></span>cation f<span class=\"_ _7\"></span>rom exter<span class=\"_ _7\"></span>nal pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ties:<span class=\"_ _304\"> </span>Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue from ex<span class=\"_ _7\"></span>terna<span class=\"_ _7\"></span>l par<span class=\"_ _7\"></span>ties<span class=\"_ _304\"> </span><table class=\"s w36e hb6\" id=\"_f8509c8f-1826-4a09-a940-8f0b5cdaacd2\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x49a h44 y200f ff5f fs28 fc2 sc0 lse4 ws15d\">Y<span class=\"_ _9\"></span>ea<span class=\"_ _7\"></span>r to 31 Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er 202<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x6a8 h43 y2010 ff64 fs28 fc2 sc0 lse4 ws15d\">Y<span class=\"_ _9\"></span>ea<span class=\"_ _7\"></span>r to 31 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 20<span class=\"_ _7\"></span>23<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td class=\"t m0 x1ff h44 y2010 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x6a9 h43 y2011 ff64 fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td></td><td></td><td></td><td></td><td class=\"t m0 x5e5 h44 y2011 ff5f fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x6aa h43 y2012 ff64 fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td class=\"t m0 x6ab h43 y2012 ff64 fs28 fc2 sc0 lsed ws17b\">London </td><td class=\"t m0 x6ac h43 y2012 ff64 fs28 fc2 sc0 ls14e ws241\">His<span class=\"_ _7\"></span>cox<span class=\"_ _304\"> </span></td><td class=\"t m0 x6ad h43 y2012 ff64 fs28 fc2 sc0 ls10a ws15c\" colspan=\"2\">Corporate<span class=\"_ _304\"> </span></td><td class=\"t m0 x51e h44 y2012 ff5f fs28 fc2 sc0 ls8 ws4\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox </td><td class=\"t m0 x519 h44 y2012 ff5f fs28 fc2 sc0 ls10a ws15c\">London<span class=\"_ _9\"></span> </td><td class=\"t m0 x5e7 h44 y2012 ff5f fs28 fc2 sc0 ls85 ws9b\">His<span class=\"_ _7\"></span>cox<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e8 h44 y2012 ff5f fs28 fc2 sc0 ls10a ws15c\">Corporate<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2012 ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3b6 h43 y2013 ff64 fs28 fc2 sc0 lsf3 ws13f\">Retail<span class=\"_ _304\"> </span></td><td class=\"t m0 x6a9 h43 y2013 ff64 fs28 fc2 sc0 ls8 ws4\">Ma<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ket </td><td class=\"t m0 x6ae h43 y2013 ff64 fs28 fc2 sc0 lse4 ws15d\">Re &amp; IL<span class=\"_ _7\"></span>S<span class=\"_ _304\"> </span></td><td class=\"t m0 x6af h43 y2013 ff64 fs28 fc2 sc0 lsf0 ws1b9\">Centre<span class=\"_ _304\"> </span></td><td class=\"t m0 x6b0 h43 y2013 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td><td class=\"t m0 x6b1 h44 y2013 ff5f fs28 fc2 sc0 lse6 ws12d\">Retail<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e5 h44 y2013 ff5f fs28 fc2 sc0 ls34 ws160\">Market<span class=\"_ _9\"></span> </td><td class=\"t m0 x5ea h44 y2013 ff5f fs28 fc2 sc0 lse4 ws15d\">Re &amp; IL<span class=\"_ _7\"></span>S<span class=\"_ _304\"> </span></td><td class=\"t m0 x5eb h44 y2013 ff5f fs28 fc2 sc0 ls3 ws90\">Centre<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y2013 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x6b2 h43 y2014 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x6b3 h43 y2014 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3d0 h43 y2014 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x6b4 h43 y2014 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x6b5 h43 y2014 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x44c h44 y2014 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x522 h44 y2014 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x523 h44 y2014 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5ed h44 y2014 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td></tr><tr><td class=\"c n x1b7 y2015 w36f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d wsf4\">UK<span class=\"_ _304\"> </span></div></td><td class=\"c n x6b6 y2015 w370 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa9 ws106\">729.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x6b7 y2015 w2fa h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">9<span class=\"_ _7\"></span>6.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x6b8 y2015 w371 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls16f ws230\">41<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6b9 y2015 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ba y2015 w372 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">8<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6bb y2015 w373 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6bc y2015 w248 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">8<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x6bd y2015 w374 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x54a y2015 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6be y2015 w375 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">883.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2016 w376 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">Eur<span class=\"_ _9\"></span>ope<span class=\"_ _304\"> </span></div></td><td class=\"c n x6bf y2016 w377 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c0 y2016 w378 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">8<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c1 y2016 w18e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">6<span class=\"_ _7\"></span>2.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c2 y2016 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c3 y2016 w379 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls140 ws226\">741<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c4 y2016 w37a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsf8 ws146\">478<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c5 y2016 w37b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">8<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c6 y2016 w33f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">4<span class=\"_ _7\"></span>9.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c7 y2016 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c8 y2016 w37c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">610<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w37d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls89 wsd5\">USA<span class=\"_ _304\"> </span></div></td><td class=\"c n x6b6 y1f86 w197 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">93<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x6c9 y1f86 w2ac h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa9 ws106\">729.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ca y1f86 w37e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">5<span class=\"_ _7\"></span>52.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x6cb y1f86 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6cc y1f86 w37f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls155 ws204\">2,<span class=\"_ _2c\"></span>2<span class=\"_ _7\"></span>14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x6cd y1f86 w254 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">90<span class=\"_ _7\"></span>9.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ce y1f86 w1fb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">67<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6cf y1f86 w2e4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">5<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d0 y1f86 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d1 y1f86 w380 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">2<span class=\"_ _8\"></span>,11<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w381 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Re<span class=\"_ _7\"></span>st of wor<span class=\"_ _7\"></span>ld<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d2 y1e8e w382 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">7<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d3 y1e8e w219 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d4 y1e8e w116 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d5 y1e8e w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d6 y1e8e w27b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">6<span class=\"_ _7\"></span>59.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d7 y1e8e w383 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">72.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d8 y1e8e w384 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsde ws144\">28<span class=\"_ _7\"></span>6.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6d9 y1e8e w20f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">3<span class=\"_ _7\"></span>06.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x6da y1e8e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6db y1e8e w385 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">6<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>5.4<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x6dc y1e80 w279 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6dd y1e80 w386 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>5<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x6de y1e80 w27b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">9<span class=\"_ _7\"></span>69.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x6df y1e80 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e0 y1e80 w12 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">4,4<span class=\"_ _7\"></span>83.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e1 y1e80 w387 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">2,<span class=\"_ _8\"></span>218<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e2 y1e80 w388 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e3 y1e80 w1fb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">9<span class=\"_ _7\"></span>24<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e4 y1e80 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e5 y1e80 w389 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">4,273<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td></tr></table>The fo<span class=\"_ _7\"></span>llowing t<span class=\"_ _7\"></span>able prov<span class=\"_ _7\"></span>ides a<span class=\"_ _7\"></span>n anal<span class=\"_ _7\"></span>ysis of the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s non-c<span class=\"_ _7\"></span>urren<span class=\"_ _7\"></span>t assets by mater<span class=\"_ _7\"></span>ial ge<span class=\"_ _7\"></span>ograp<span class=\"_ _7\"></span>hica<span class=\"_ _7\"></span>l locati<span class=\"_ _7\"></span>on excluding fi<span class=\"_ _7\"></span>nanci<span class=\"_ _7\"></span>al instr<span class=\"_ _7\"></span>uments, defe<span class=\"_ _7\"></span>rred t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>ssets, pos<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-emp<span class=\"_ _7\"></span>loyme<span class=\"_ _7\"></span>nt bene<span class=\"_ _7\"></span>fit asse<span class=\"_ _7\"></span>ts, and righ<span class=\"_ _7\"></span>ts arisi<span class=\"_ _7\"></span>ng unde<span class=\"_ _7\"></span>r insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ontracts:<span class=\"_ _304\"> </span>Non-cur<span class=\"_ _7\"></span>rent assets<table class=\"s w1ef hb7\" id=\"_13170115-b5f1-4761-9b8f-d38e9e670ac0\"><tr><td></td><td class=\"t m0 x44e h43 y2017 ff64 fs28 fc2 sc0 ls9f ws21e\"> 2023<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x44f h44 y2017 ff5f fs28 fc2 sc0 lsa1 ws23b\"> 2022<span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x44e h43 y2018 ff64 fs28 fc2 sc0 lsf3 ws237\"> total</td><td class=\"t m0 x44f h44 y2018 ff5f fs28 fc2 sc0 lsf2 ws23c\"> tota<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2019 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y2019 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2015 w36f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d wsf4\">UK<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e6 y2015 wfa h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls78 ws122\">254<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e7 y2015 w38a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2016 w376 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">Eur<span class=\"_ _9\"></span>ope<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e8 y2016 w184 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">83.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x6e9 y2016 w33f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">5<span class=\"_ _7\"></span>9.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w37d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls89 wsd5\">USA<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ea y1f86 w38b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6eb y1f86 w24a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w381 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Re<span class=\"_ _7\"></span>st of wor<span class=\"_ _7\"></span>ld<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ec y1e8e w38c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">8.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ed y1e8e w38d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x6ee y1e80 w1c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">455.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6ef y1e80 w2c2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _c\"> </span>5<span class=\"_ _8\"></span>9<span class=\"_ _2c\"></span>.1</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeographicalAreasExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-391": {
   "value": "<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls38 ws41 gsc81\">5 Net a<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>t value p<span class=\"_ _7\"></span>er sha<span class=\"_ _7\"></span>re an<span class=\"_ _7\"></span>d net ta<span class=\"_ _7\"></span>ngib<span class=\"_ _7\"></span>le as<span class=\"_ _7\"></span>set val<span class=\"_ _7\"></span>ue per s<span class=\"_ _7\"></span>har<span class=\"_ _7\"></span>e</div><div class=\"gsc82\"><table class=\"s w38e hb0\" id=\"_605084f6-b8da-492c-ac30-7fa35e6be163\"><tr><td></td><td></td><td></td><td class=\"t m0 x1b2 h44 y201a ff5f fs28 fc2 sc0 lsa1 ws23b\"> 2022</td><td class=\"t m0 x484 h44 y201a ff5f fs28 fc2 sc0 lsa1 ws23b\"> 2022</td></tr><tr><td></td><td class=\"t m0 x482 h43 y201b ff64 fs28 fc2 sc0 ls9f ws21e\"> 2023<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x483 h43 y201b ff64 fs28 fc2 sc0 ls9f ws21e\"> 2023<span class=\"ls8 ws4\"> </span></td><td class=\"t m0 x6f0 h44 y201b ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b3 h44 y201b ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)</td></tr><tr><td></td><td class=\"t m0 x482 h43 y201c ff64 fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _1\"> </span>ne<span class=\"_ _7\"></span>t ass<span class=\"_ _7\"></span>et val<span class=\"_ _7\"></span>ue</td><td class=\"t m0 x483 h43 y201c ff64 fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _1\"> </span>ne<span class=\"_ _7\"></span>t ass<span class=\"_ _7\"></span>et val<span class=\"_ _7\"></span>ue </td><td class=\"t m0 x1b2 h44 y201c ff5f fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _4\"> </span>ne<span class=\"_ _7\"></span>t ass<span class=\"_ _7\"></span>et val<span class=\"_ _7\"></span>ue</td><td class=\"t m0 x484 h44 y201c ff5f fs28 fc2 sc0 lse4 ws15d\"> <span class=\"_ _4\"> </span>ne<span class=\"_ _7\"></span>t ass<span class=\"_ _7\"></span>et val<span class=\"_ _7\"></span>ue <span class=\"_ _20\"></span><span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x6f1 h43 y201d ff64 fs28 fc2 sc0 ls72 ws1e9\">(total equity)<span class=\"_ _304\"> </span></td><td class=\"t m0 x6f2 h43 y201d ff64 fs28 fc2 sc0 lse4 ws15d\">pe<span class=\"_ _7\"></span>r sha<span class=\"_ _7\"></span>re<span class=\"_ _304\"> </span></td><td class=\"t m0 x6f3 h44 y201d ff5f fs28 fc2 sc0 lsed ws139\">(to<span class=\"_ _9\"></span>tal equity)</td><td class=\"t m0 x484 h44 y201d ff5f fs28 fc2 sc0 lsf3 ws1d9\"> <span class=\"_ _40\"> </span>per share<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></td></tr><tr><td></td><td class=\"t m0 x6f4 h43 y201e ff64 fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td><td class=\"t m0 x6f5 h43 y201e ff64 fs28 fc2 sc0 lsf0 ws1b9\">cents</td><td class=\"t m0 x6f6 h44 y201e ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m</td><td class=\"t m0 x484 h44 y201e ff5f fs28 fc2 sc0 ls3 ws244\"> cents<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1e7d w38f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Net asse<span class=\"_ _9\"></span>t value<span class=\"_ _304\"> </span></div></td><td class=\"c n x6f7 y1e7d w9f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws117\">3,29<span class=\"_ _7\"></span>6.<span class=\"_ _9\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x6f8 y1e7d w116 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">9<span class=\"_ _2c\"></span>5<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.1</div></td><td class=\"c n x6f9 y1e7d w9a h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,6<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x6fa y1e7d w390 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls150 ws1fb\">76<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w391 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net ta<span class=\"_ _7\"></span>ngibl<span class=\"_ _7\"></span>e asset val<span class=\"_ _7\"></span>ue<span class=\"_ _304\"> </span></div></td><td class=\"c n x6fb y1e80 w392 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2,972.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x6fc y1e80 w66 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">8<span class=\"_ _2c\"></span>5<span class=\"_ _2c\"></span>7.<span class=\"_ _8\"></span>7</div></td><td class=\"c n x6fd y1e80 w393 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">2<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x6fe y1e80 w26 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">6<span class=\"_ _8\"></span>71.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc83\">The N<span class=\"_ _7\"></span>A<span class=\"_ _9\"></span>V per sh<span class=\"_ _7\"></span>are is bas<span class=\"_ _7\"></span>ed on 346,6<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>2,554 share<span class=\"_ _7\"></span>s (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: 34<span class=\"_ _7\"></span>4<span class=\"_ _9\"></span>,6<span class=\"_ _9\"></span>72<span class=\"_ _9\"></span>,<span class=\"_ _20\"></span>1<span class=\"_ _a\"></span>72<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>, be<span class=\"_ _7\"></span>ing the sh<span class=\"_ _7\"></span>ares in i<span class=\"_ _7\"></span>ssue at 31 Dece<span class=\"_ _7\"></span>mber 2023, les<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc84\">those h<span class=\"_ _7\"></span>eld in tre<span class=\"_ _7\"></span>asur<span class=\"_ _7\"></span>y an<span class=\"_ _7\"></span>d those he<span class=\"_ _7\"></span>ld by the Grou<span class=\"_ _7\"></span>p Employee Be<span class=\"_ _7\"></span>nefit T<span class=\"_ _9\"></span>rust. Net ta<span class=\"_ _7\"></span>ngible a<span class=\"_ _7\"></span>ssets co<span class=\"_ _7\"></span>mpri<span class=\"_ _7\"></span>se to<span class=\"_ _9\"></span>ta<span class=\"_ _7\"></span>l equit<span class=\"_ _7\"></span>y excludi<span class=\"_ _7\"></span>ng </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsc85\">intangible assets<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc86\">Previou<span class=\"_ _7\"></span>sly re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ted NA<span class=\"_ _9\"></span>V as at 31 Dece<span class=\"_ _7\"></span>mber 2022 was $2,<span class=\"_ _9\"></span>4<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>6.<span class=\"_ _9\"></span>7 million (<span class=\"_ _7\"></span>7<span class=\"_ _9\"></span>0<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>.2 cents) and prev<span class=\"_ _7\"></span>iousl<span class=\"_ _7\"></span>y repor<span class=\"_ _7\"></span>ted net t<span class=\"_ _7\"></span>angib<span class=\"_ _7\"></span>le ass<span class=\"_ _7\"></span>et </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc87\">value a<span class=\"_ _7\"></span>s at 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2022 was $2<span class=\"_ _9\"></span>,096.3 milli<span class=\"_ _7\"></span>on (608.2 c<span class=\"_ _7\"></span>ents)<span class=\"_ _9\"></span>. Comp<span class=\"_ _7\"></span>aratives h<span class=\"_ _7\"></span>ave been re<span class=\"_ _7\"></span>stated for the ado<span class=\"_ _7\"></span>ption of IFRS 1<span class=\"_ _a\"></span>7 </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc88\">and IFR<span class=\"_ _7\"></span>S 9<span class=\"_ _9\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNetAssetValueAttributableToUnitholdersExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-392": {
   "value": "6 Return on equity 2022 2023 (restated) $m $m Profit for the year (all attributable to owners of the Company) 712.0 253.9 Opening total equity 2,635.0 2,563.2 Adjusted for the time-weighted impact of capital distributions and issuance of shares (54.3) (54.9) Adjusted opening total equity 2,580.7 2,508.3 Return on equity (%) 27.6 10.1 The return on equity is calculated by using profit for the period divided by the adjusted opening total equity. The adjusted opening  total equity represents the equity on 1 January of the relevant year as adjusted for time-weighted aspects of capital distributions and issuing of shares or treasury share purchases during the period. The time-weighted positions are calculated on a daily basis with reference to the proportion of time from the transaction to the end of the period. Previously reported ROE was 1.7% as at  31 December 2022. Comparatives have been restated for the adoption of IFRS 17 and IFRS 9.",
   "dimensions": {
    "concept": "hiscoxltd:DisclosureOfReturnOnEquity",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-434": {
   "value": "7 Net investment and insurance finance result The total investment result for the Group comprises: Note 2023 2022 $m $m Investment result Investment income including interest receivable 237.0 119.5 Net realised losses on financial investments at fair value through profit or loss (17.6 ) (54.1) Net fair value gains/(losses) on financial investments at fair value through profit or loss 170.6 (254.2) Investment return \u2013 financial assets 390.0 (188.8) Net fair value gains on derivative financial instruments 16 1.1 8.5 Investment expenses (6.7) ( 7.0) Total investment return 384.4 (187.3 ) Net finance (expense)/income from insurance contracts: Interest accreted (228.5) (35.7) Effects of changes in interest rates and other financial assumptions 7.8 249.4 Total net finance (expense)/income from insurance contracts (220.7) 213.7 Net finance income/(expenses) from reinsurance contracts: Interest accreted 87.5 9.5 Effects of changes in interest rates and other financial assumptions (6.5) (111.6) Total net finance income/(expenses) from reinsurance contracts 81.0 (102.1) Net insurance finance (expense)/income (139.7) 111.6 Net financial result 244.7 (75.7)",
   "dimensions": {
    "concept": "hiscoxltd:DisclosureOfInvestmentIncome",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-470": {
   "value": "7 Net investment and insurance finance result The total investment result for the Group comprises: Note 2023 2022 $m $m Investment result Investment income including interest receivable 237.0 119.5 Net realised losses on financial investments at fair value through profit or loss (17.6 ) (54.1) Net fair value gains/(losses) on financial investments at fair value through profit or loss 170.6 (254.2) Investment return \u2013 financial assets 390.0 (188.8) Net fair value gains on derivative financial instruments 16 1.1 8.5 Investment expenses (6.7) ( 7.0) Total investment return 384.4 (187.3 ) Net finance (expense)/income from insurance contracts: Interest accreted (228.5) (35.7) Effects of changes in interest rates and other financial assumptions 7.8 249.4 Total net finance (expense)/income from insurance contracts (220.7) 213.7 Net finance income/(expenses) from reinsurance contracts: Interest accreted 87.5 9.5 Effects of changes in interest rates and other financial assumptions (6.5) (111.6) Total net finance income/(expenses) from reinsurance contracts 81.0 (102.1) Net insurance finance (expense)/income (139.7) 111.6 Net financial result 244.7 (75.7)",
   "dimensions": {
    "concept": "hiscoxltd:DisclosureOfFinanceIncomeExpenses",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-393": {
   "value": "<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls39 ws43 gsc97\">8 Other income and operationa<span class=\"_ _7\"></span>l e<span class=\"_ _9\"></span>xpenses<span class=\"_ _304\"> </span></div><div class=\"gsc82\"><table class=\"s w36e hba\" id=\"_cd4cc44d-7741-412e-b3ee-3e4525e33772\"><tr><td></td><td></td><td class=\"t m0 x1fc h44 y2035 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1fb h43 y2036 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1ff h44 y2036 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2037 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y2037 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed2 w3ba h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls39 ws43\">Other income<span class=\"_ _304\"> </span></div></td><td class=\"c n x727 y1ed2 w201 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">9<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x728 y1ed2 w2f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">42.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2016 w3bb h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Staf<span class=\"_ _7\"></span>f costs<span class=\"_ _304\"> </span></div></td><td class=\"c n x729 y2016 w3bc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8a wsa0\">373<span class=\"_ _7\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x72a y2016 w35c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">3<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w3bd h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Depreciation<span class=\"_ _9\"></span>, amortisation and i<span class=\"_ _9\"></span>mpairment<span class=\"_ _304\"> </span></div></td><td class=\"c n x72b y1f86 w3be h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x72c y1f86 we1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">6<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w3bf h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls21 ws99\">Other<span class=\"_ _9\"></span> expens<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n x72d y1ed8 w3c0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">286.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x590 y1ed8 w254 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">26<span class=\"_ _7\"></span>9.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w3c1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d ws46\">Operational<span class=\"_ _9\"></span> expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n x72e y1e80 w370 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa9 ws106\">736<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x72f y1e80 w3c2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">6<span class=\"_ _7\"></span>43.3<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc98\">Oth<span class=\"_ _7\"></span>er inco<span class=\"_ _7\"></span>me incl<span class=\"_ _7\"></span>udes m<span class=\"_ _7\"></span>anage<span class=\"_ _7\"></span>ment fe<span class=\"_ _7\"></span>es an<span class=\"_ _7\"></span>d is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d when th<span class=\"_ _7\"></span>e investme<span class=\"_ _7\"></span>nt manag<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ces a<span class=\"_ _7\"></span>re rende<span class=\"_ _7\"></span>red to the ILS </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc99\">fun<span class=\"_ _7\"></span>ds and c<span class=\"_ _7\"></span>ommis<span class=\"_ _7\"></span>sions pa<span class=\"_ _7\"></span>id to Group-<span class=\"_ _7\"></span>owned S<span class=\"_ _7\"></span>yndi<span class=\"_ _7\"></span>cate managi<span class=\"_ _7\"></span>ng age<span class=\"_ _7\"></span>nt by third-par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y Name<span class=\"_ _7\"></span>s. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc9a\">On 4 Ju<span class=\"_ _7\"></span>ly 2023<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup dis<span class=\"_ _7\"></span>posed of a<span class=\"_ _7\"></span>n investme<span class=\"_ _7\"></span>nt in asso<span class=\"_ _7\"></span>ciate, Media In<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce Broker<span class=\"_ _7\"></span>s Internatio<span class=\"_ _7\"></span>nal Ltd, f<span class=\"_ _9\"></span>or $<span class=\"_ _7\"></span>9<span class=\"_ _9\"></span>.5 mill<span class=\"_ _7\"></span>ion </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc9b\">resu<span class=\"_ _7\"></span>lting in a ga<span class=\"_ _7\"></span>in of $4.<span class=\"_ _9\"></span>0 mil<span class=\"_ _7\"></span>lion al<span class=\"_ _7\"></span>so pres<span class=\"_ _7\"></span>ented in other i<span class=\"_ _7\"></span>ncome.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc9c\">Ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expe<span class=\"_ _7\"></span>nses co<span class=\"_ _7\"></span>mpri<span class=\"_ _7\"></span>se attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble expe<span class=\"_ _7\"></span>nses a<span class=\"_ _7\"></span>mountin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o $61<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>4 mil<span class=\"_ _7\"></span>lion (2022<span class=\"_ _9\"></span>: $57<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>.5 mill<span class=\"_ _7\"></span>ion) includ<span class=\"_ _7\"></span>ed with<span class=\"_ _7\"></span>in </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc9d\">insu<span class=\"_ _7\"></span>rance s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>se, and non-at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses am<span class=\"_ _7\"></span>ounting to $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>5.5 million (2022<span class=\"_ _9\"></span>: $67<span class=\"_ _20\"></span>.8 milli<span class=\"_ _7\"></span>on) include<span class=\"_ _7\"></span>d withi<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls21 ws99 gsc9e\">ot<span class=\"_ _9\"></span>her oper<span class=\"_ _9\"></span>ati<span class=\"_ _9\"></span>onal e<span class=\"_ _9\"></span>xpenses<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsc9f\">T<span class=\"_ _a\"></span>otal o<span class=\"_ _7\"></span>peratio<span class=\"_ _7\"></span>nal exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s have been re<span class=\"_ _7\"></span>stated for the ye<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022 t<span class=\"_ _9\"></span>o in<span class=\"_ _7\"></span>clude re<span class=\"_ _7\"></span>clas<span class=\"_ _7\"></span>sific<span class=\"_ _7\"></span>ation from ac<span class=\"_ _7\"></span>quisi<span class=\"_ _7\"></span>tion </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsca0\">costs u<span class=\"_ _7\"></span>nder IFR<span class=\"_ _7\"></span>S 1<span class=\"_ _a\"></span>7 and the i<span class=\"_ _7\"></span>mpact of IFRS 9 c<span class=\"_ _7\"></span>redit lo<span class=\"_ _7\"></span>ss impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt charg<span class=\"_ _7\"></span>es. Th<span class=\"_ _7\"></span>e restateme<span class=\"_ _7\"></span>nt resul<span class=\"_ _7\"></span>ts in an inc<span class=\"_ _7\"></span>rease of total </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsca1\">ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expens<span class=\"_ _7\"></span>es by $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>0 mill<span class=\"_ _7\"></span>ion.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsca2\">On 27 Septembe<span class=\"_ _7\"></span>r 2023<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup ann<span class=\"_ _7\"></span>ounce<span class=\"_ _7\"></span>d its agre<span class=\"_ _7\"></span>ement to dive<span class=\"_ _7\"></span>st Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asia to Igni<span class=\"_ _7\"></span>te Thaila<span class=\"_ _7\"></span>nd Hol<span class=\"_ _7\"></span>dings L<span class=\"_ _7\"></span>imited. The </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsca3\">trans<span class=\"_ _7\"></span>action re<span class=\"_ _7\"></span>mains s<span class=\"_ _7\"></span>ubjec<span class=\"_ _7\"></span>t to r<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>gulator<span class=\"_ _7\"></span>y app<span class=\"_ _7\"></span>roval. As such, the Di<span class=\"_ _7\"></span>rect<span class=\"_ _7\"></span>Asia b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss ha<span class=\"_ _7\"></span>s bee<span class=\"_ _7\"></span>n clas<span class=\"_ _7\"></span>sed as a di<span class=\"_ _7\"></span>sposa<span class=\"_ _7\"></span>l group h<span class=\"_ _7\"></span>eld </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsca4\">for sa<span class=\"_ _7\"></span>le in the fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l statemen<span class=\"_ _7\"></span>ts. The dis<span class=\"_ _7\"></span>posal g<span class=\"_ _7\"></span>roup has b<span class=\"_ _7\"></span>een va<span class=\"_ _7\"></span>lued at i<span class=\"_ _7\"></span>ts expected re<span class=\"_ _7\"></span>coverab<span class=\"_ _7\"></span>le amo<span class=\"_ _7\"></span>unt, which ha<span class=\"_ _7\"></span>s resul<span class=\"_ _7\"></span>ted in </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsca5\">a cha<span class=\"_ _7\"></span>rge of $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>8.5 million to ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expen<span class=\"_ _7\"></span>ses. Th<span class=\"_ _7\"></span>e Direc<span class=\"_ _7\"></span>tA<span class=\"_ _7\"></span>sia bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s is par<span class=\"_ _7\"></span>t of the reta<span class=\"_ _7\"></span>il ope<span class=\"_ _7\"></span>rating se<span class=\"_ _7\"></span>gment b<span class=\"_ _7\"></span>ut the as<span class=\"_ _7\"></span>sets,<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsca6\">lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s and re<span class=\"_ _7\"></span>sults of Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asia a<span class=\"_ _7\"></span>re not materia<span class=\"_ _7\"></span>l to t<span class=\"_ _9\"></span>he s<span class=\"_ _7\"></span>egme<span class=\"_ _7\"></span>nt. Assets he<span class=\"_ _7\"></span>ld for sal<span class=\"_ _7\"></span>e inclu<span class=\"_ _7\"></span>de reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>t held a<span class=\"_ _7\"></span>ssets </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsca7\">and cash,<span class=\"_ _9\"></span> while liabilities held<span class=\"_ _9\"></span> for sale include i<span class=\"_ _9\"></span>nsurance contra<span class=\"_ _9\"></span>ct liabilities and t<span class=\"_ _9\"></span>rade and o<span class=\"_ _9\"></span>ther pa<span class=\"_ _9\"></span>yables.<span class=\"_ _304\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-503": {
   "value": "8 Other income and operationa<span class=\"_ _7\"></span>l e<span class=\"_ _9\"></span>xpenses<span class=\"_ _304\"> </span><table class=\"s w36e hba\" id=\"_cd4cc44d-7741-412e-b3ee-3e4525e33772\"><tr><td></td><td></td><td class=\"t m0 x1fc h44 y2035 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1fb h43 y2036 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1ff h44 y2036 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2037 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y2037 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed2 w3ba h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls39 ws43\">Other income<span class=\"_ _304\"> </span></div></td><td class=\"c n x727 y1ed2 w201 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">9<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x728 y1ed2 w2f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">42.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2016 w3bb h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Staf<span class=\"_ _7\"></span>f costs<span class=\"_ _304\"> </span></div></td><td class=\"c n x729 y2016 w3bc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8a wsa0\">373<span class=\"_ _7\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x72a y2016 w35c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">3<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w3bd h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Depreciation<span class=\"_ _9\"></span>, amortisation and i<span class=\"_ _9\"></span>mpairment<span class=\"_ _304\"> </span></div></td><td class=\"c n x72b y1f86 w3be h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x72c y1f86 we1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">6<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w3bf h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls21 ws99\">Other<span class=\"_ _9\"></span> expens<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n x72d y1ed8 w3c0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">286.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x590 y1ed8 w254 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">26<span class=\"_ _7\"></span>9.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w3c1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d ws46\">Operational<span class=\"_ _9\"></span> expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n x72e y1e80 w370 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa9 ws106\">736<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x72f y1e80 w3c2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">6<span class=\"_ _7\"></span>43.3<span class=\"_ _304\"> </span></div></td></tr></table>Oth<span class=\"_ _7\"></span>er inco<span class=\"_ _7\"></span>me incl<span class=\"_ _7\"></span>udes m<span class=\"_ _7\"></span>anage<span class=\"_ _7\"></span>ment fe<span class=\"_ _7\"></span>es an<span class=\"_ _7\"></span>d is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d when th<span class=\"_ _7\"></span>e investme<span class=\"_ _7\"></span>nt manag<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ces a<span class=\"_ _7\"></span>re rende<span class=\"_ _7\"></span>red to the ILS fun<span class=\"_ _7\"></span>ds and c<span class=\"_ _7\"></span>ommis<span class=\"_ _7\"></span>sions pa<span class=\"_ _7\"></span>id to Group-<span class=\"_ _7\"></span>owned S<span class=\"_ _7\"></span>yndi<span class=\"_ _7\"></span>cate managi<span class=\"_ _7\"></span>ng age<span class=\"_ _7\"></span>nt by third-par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y Name<span class=\"_ _7\"></span>s. On 4 Ju<span class=\"_ _7\"></span>ly 2023<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup dis<span class=\"_ _7\"></span>posed of a<span class=\"_ _7\"></span>n investme<span class=\"_ _7\"></span>nt in asso<span class=\"_ _7\"></span>ciate, Media In<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce Broker<span class=\"_ _7\"></span>s Internatio<span class=\"_ _7\"></span>nal Ltd, f<span class=\"_ _9\"></span>or $<span class=\"_ _7\"></span>9<span class=\"_ _9\"></span>.5 mill<span class=\"_ _7\"></span>ion resu<span class=\"_ _7\"></span>lting in a ga<span class=\"_ _7\"></span>in of $4.<span class=\"_ _9\"></span>0 mil<span class=\"_ _7\"></span>lion al<span class=\"_ _7\"></span>so pres<span class=\"_ _7\"></span>ented in other i<span class=\"_ _7\"></span>ncome.<span class=\"_ _304\"> </span>Ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expe<span class=\"_ _7\"></span>nses co<span class=\"_ _7\"></span>mpri<span class=\"_ _7\"></span>se attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble expe<span class=\"_ _7\"></span>nses a<span class=\"_ _7\"></span>mountin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o $61<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>4 mil<span class=\"_ _7\"></span>lion (2022<span class=\"_ _9\"></span>: $57<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>.5 mill<span class=\"_ _7\"></span>ion) includ<span class=\"_ _7\"></span>ed with<span class=\"_ _7\"></span>in insu<span class=\"_ _7\"></span>rance s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>se, and non-at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses am<span class=\"_ _7\"></span>ounting to $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>5.5 million (2022<span class=\"_ _9\"></span>: $67<span class=\"_ _20\"></span>.8 milli<span class=\"_ _7\"></span>on) include<span class=\"_ _7\"></span>d withi<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>ot<span class=\"_ _9\"></span>her oper<span class=\"_ _9\"></span>ati<span class=\"_ _9\"></span>onal e<span class=\"_ _9\"></span>xpenses<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>otal o<span class=\"_ _7\"></span>peratio<span class=\"_ _7\"></span>nal exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s have been re<span class=\"_ _7\"></span>stated for the ye<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022 t<span class=\"_ _9\"></span>o in<span class=\"_ _7\"></span>clude re<span class=\"_ _7\"></span>clas<span class=\"_ _7\"></span>sific<span class=\"_ _7\"></span>ation from ac<span class=\"_ _7\"></span>quisi<span class=\"_ _7\"></span>tion costs u<span class=\"_ _7\"></span>nder IFR<span class=\"_ _7\"></span>S 1<span class=\"_ _a\"></span>7 and the i<span class=\"_ _7\"></span>mpact of IFRS 9 c<span class=\"_ _7\"></span>redit lo<span class=\"_ _7\"></span>ss impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt charg<span class=\"_ _7\"></span>es. Th<span class=\"_ _7\"></span>e restateme<span class=\"_ _7\"></span>nt resul<span class=\"_ _7\"></span>ts in an inc<span class=\"_ _7\"></span>rease of total ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expens<span class=\"_ _7\"></span>es by $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>0 mill<span class=\"_ _7\"></span>ion.<span class=\"_ _304\"> </span>On 27 Septembe<span class=\"_ _7\"></span>r 2023<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup ann<span class=\"_ _7\"></span>ounce<span class=\"_ _7\"></span>d its agre<span class=\"_ _7\"></span>ement to dive<span class=\"_ _7\"></span>st Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asia to Igni<span class=\"_ _7\"></span>te Thaila<span class=\"_ _7\"></span>nd Hol<span class=\"_ _7\"></span>dings L<span class=\"_ _7\"></span>imited. The trans<span class=\"_ _7\"></span>action re<span class=\"_ _7\"></span>mains s<span class=\"_ _7\"></span>ubjec<span class=\"_ _7\"></span>t to r<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>gulator<span class=\"_ _7\"></span>y app<span class=\"_ _7\"></span>roval. As such, the Di<span class=\"_ _7\"></span>rect<span class=\"_ _7\"></span>Asia b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss ha<span class=\"_ _7\"></span>s bee<span class=\"_ _7\"></span>n clas<span class=\"_ _7\"></span>sed as a di<span class=\"_ _7\"></span>sposa<span class=\"_ _7\"></span>l group h<span class=\"_ _7\"></span>eld for sa<span class=\"_ _7\"></span>le in the fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l statemen<span class=\"_ _7\"></span>ts. The dis<span class=\"_ _7\"></span>posal g<span class=\"_ _7\"></span>roup has b<span class=\"_ _7\"></span>een va<span class=\"_ _7\"></span>lued at i<span class=\"_ _7\"></span>ts expected re<span class=\"_ _7\"></span>coverab<span class=\"_ _7\"></span>le amo<span class=\"_ _7\"></span>unt, which ha<span class=\"_ _7\"></span>s resul<span class=\"_ _7\"></span>ted in a cha<span class=\"_ _7\"></span>rge of $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>8.5 million to ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expen<span class=\"_ _7\"></span>ses. Th<span class=\"_ _7\"></span>e Direc<span class=\"_ _7\"></span>tA<span class=\"_ _7\"></span>sia bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s is par<span class=\"_ _7\"></span>t of the reta<span class=\"_ _7\"></span>il ope<span class=\"_ _7\"></span>rating se<span class=\"_ _7\"></span>gment b<span class=\"_ _7\"></span>ut the as<span class=\"_ _7\"></span>sets,<span class=\"_ _9\"></span> lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s and re<span class=\"_ _7\"></span>sults of Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asia a<span class=\"_ _7\"></span>re not materia<span class=\"_ _7\"></span>l to t<span class=\"_ _9\"></span>he s<span class=\"_ _7\"></span>egme<span class=\"_ _7\"></span>nt. Assets he<span class=\"_ _7\"></span>ld for sal<span class=\"_ _7\"></span>e inclu<span class=\"_ _7\"></span>de reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>t held a<span class=\"_ _7\"></span>ssets and cash,<span class=\"_ _9\"></span> while liabilities held<span class=\"_ _9\"></span> for sale include i<span class=\"_ _9\"></span>nsurance contra<span class=\"_ _9\"></span>ct liabilities and t<span class=\"_ _9\"></span>rade and o<span class=\"_ _9\"></span>ther pa<span class=\"_ _9\"></span>yables.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-500": {
   "value": "8 Other income and operationa<span class=\"_ _7\"></span>l e<span class=\"_ _9\"></span>xpenses<span class=\"_ _304\"> </span><table class=\"s w36e hba\" id=\"_cd4cc44d-7741-412e-b3ee-3e4525e33772\"><tr><td></td><td></td><td class=\"t m0 x1fc h44 y2035 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1fb h43 y2036 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1ff h44 y2036 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2037 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y2037 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed2 w3ba h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls39 ws43\">Other income<span class=\"_ _304\"> </span></div></td><td class=\"c n x727 y1ed2 w201 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">9<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x728 y1ed2 w2f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">42.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2016 w3bb h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Staf<span class=\"_ _7\"></span>f costs<span class=\"_ _304\"> </span></div></td><td class=\"c n x729 y2016 w3bc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8a wsa0\">373<span class=\"_ _7\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x72a y2016 w35c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">3<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w3bd h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Depreciation<span class=\"_ _9\"></span>, amortisation and i<span class=\"_ _9\"></span>mpairment<span class=\"_ _304\"> </span></div></td><td class=\"c n x72b y1f86 w3be h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x72c y1f86 we1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">6<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w3bf h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls21 ws99\">Other<span class=\"_ _9\"></span> expens<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n x72d y1ed8 w3c0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">286.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x590 y1ed8 w254 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">26<span class=\"_ _7\"></span>9.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w3c1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d ws46\">Operational<span class=\"_ _9\"></span> expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n x72e y1e80 w370 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa9 ws106\">736<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x72f y1e80 w3c2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">6<span class=\"_ _7\"></span>43.3<span class=\"_ _304\"> </span></div></td></tr></table>Oth<span class=\"_ _7\"></span>er inco<span class=\"_ _7\"></span>me incl<span class=\"_ _7\"></span>udes m<span class=\"_ _7\"></span>anage<span class=\"_ _7\"></span>ment fe<span class=\"_ _7\"></span>es an<span class=\"_ _7\"></span>d is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d when th<span class=\"_ _7\"></span>e investme<span class=\"_ _7\"></span>nt manag<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ces a<span class=\"_ _7\"></span>re rende<span class=\"_ _7\"></span>red to the ILS fun<span class=\"_ _7\"></span>ds and c<span class=\"_ _7\"></span>ommis<span class=\"_ _7\"></span>sions pa<span class=\"_ _7\"></span>id to Group-<span class=\"_ _7\"></span>owned S<span class=\"_ _7\"></span>yndi<span class=\"_ _7\"></span>cate managi<span class=\"_ _7\"></span>ng age<span class=\"_ _7\"></span>nt by third-par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y Name<span class=\"_ _7\"></span>s. On 4 Ju<span class=\"_ _7\"></span>ly 2023<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup dis<span class=\"_ _7\"></span>posed of a<span class=\"_ _7\"></span>n investme<span class=\"_ _7\"></span>nt in asso<span class=\"_ _7\"></span>ciate, Media In<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce Broker<span class=\"_ _7\"></span>s Internatio<span class=\"_ _7\"></span>nal Ltd, f<span class=\"_ _9\"></span>or $<span class=\"_ _7\"></span>9<span class=\"_ _9\"></span>.5 mill<span class=\"_ _7\"></span>ion resu<span class=\"_ _7\"></span>lting in a ga<span class=\"_ _7\"></span>in of $4.<span class=\"_ _9\"></span>0 mil<span class=\"_ _7\"></span>lion al<span class=\"_ _7\"></span>so pres<span class=\"_ _7\"></span>ented in other i<span class=\"_ _7\"></span>ncome.<span class=\"_ _304\"> </span>Ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expe<span class=\"_ _7\"></span>nses co<span class=\"_ _7\"></span>mpri<span class=\"_ _7\"></span>se attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble expe<span class=\"_ _7\"></span>nses a<span class=\"_ _7\"></span>mountin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o $61<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>4 mil<span class=\"_ _7\"></span>lion (2022<span class=\"_ _9\"></span>: $57<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>.5 mill<span class=\"_ _7\"></span>ion) includ<span class=\"_ _7\"></span>ed with<span class=\"_ _7\"></span>in insu<span class=\"_ _7\"></span>rance s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>se, and non-at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses am<span class=\"_ _7\"></span>ounting to $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>5.5 million (2022<span class=\"_ _9\"></span>: $67<span class=\"_ _20\"></span>.8 milli<span class=\"_ _7\"></span>on) include<span class=\"_ _7\"></span>d withi<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>ot<span class=\"_ _9\"></span>her oper<span class=\"_ _9\"></span>ati<span class=\"_ _9\"></span>onal e<span class=\"_ _9\"></span>xpenses<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>otal o<span class=\"_ _7\"></span>peratio<span class=\"_ _7\"></span>nal exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s have been re<span class=\"_ _7\"></span>stated for the ye<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022 t<span class=\"_ _9\"></span>o in<span class=\"_ _7\"></span>clude re<span class=\"_ _7\"></span>clas<span class=\"_ _7\"></span>sific<span class=\"_ _7\"></span>ation from ac<span class=\"_ _7\"></span>quisi<span class=\"_ _7\"></span>tion costs u<span class=\"_ _7\"></span>nder IFR<span class=\"_ _7\"></span>S 1<span class=\"_ _a\"></span>7 and the i<span class=\"_ _7\"></span>mpact of IFRS 9 c<span class=\"_ _7\"></span>redit lo<span class=\"_ _7\"></span>ss impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt charg<span class=\"_ _7\"></span>es. Th<span class=\"_ _7\"></span>e restateme<span class=\"_ _7\"></span>nt resul<span class=\"_ _7\"></span>ts in an inc<span class=\"_ _7\"></span>rease of total ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expens<span class=\"_ _7\"></span>es by $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>0 mill<span class=\"_ _7\"></span>ion.<span class=\"_ _304\"> </span>On 27 Septembe<span class=\"_ _7\"></span>r 2023<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup ann<span class=\"_ _7\"></span>ounce<span class=\"_ _7\"></span>d its agre<span class=\"_ _7\"></span>ement to dive<span class=\"_ _7\"></span>st Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asia to Igni<span class=\"_ _7\"></span>te Thaila<span class=\"_ _7\"></span>nd Hol<span class=\"_ _7\"></span>dings L<span class=\"_ _7\"></span>imited. The trans<span class=\"_ _7\"></span>action re<span class=\"_ _7\"></span>mains s<span class=\"_ _7\"></span>ubjec<span class=\"_ _7\"></span>t to r<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>gulator<span class=\"_ _7\"></span>y app<span class=\"_ _7\"></span>roval. As such, the Di<span class=\"_ _7\"></span>rect<span class=\"_ _7\"></span>Asia b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss ha<span class=\"_ _7\"></span>s bee<span class=\"_ _7\"></span>n clas<span class=\"_ _7\"></span>sed as a di<span class=\"_ _7\"></span>sposa<span class=\"_ _7\"></span>l group h<span class=\"_ _7\"></span>eld for sa<span class=\"_ _7\"></span>le in the fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l statemen<span class=\"_ _7\"></span>ts. The dis<span class=\"_ _7\"></span>posal g<span class=\"_ _7\"></span>roup has b<span class=\"_ _7\"></span>een va<span class=\"_ _7\"></span>lued at i<span class=\"_ _7\"></span>ts expected re<span class=\"_ _7\"></span>coverab<span class=\"_ _7\"></span>le amo<span class=\"_ _7\"></span>unt, which ha<span class=\"_ _7\"></span>s resul<span class=\"_ _7\"></span>ted in a cha<span class=\"_ _7\"></span>rge of $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>8.5 million to ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expen<span class=\"_ _7\"></span>ses. Th<span class=\"_ _7\"></span>e Direc<span class=\"_ _7\"></span>tA<span class=\"_ _7\"></span>sia bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s is par<span class=\"_ _7\"></span>t of the reta<span class=\"_ _7\"></span>il ope<span class=\"_ _7\"></span>rating se<span class=\"_ _7\"></span>gment b<span class=\"_ _7\"></span>ut the as<span class=\"_ _7\"></span>sets,<span class=\"_ _9\"></span> lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s and re<span class=\"_ _7\"></span>sults of Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asia a<span class=\"_ _7\"></span>re not materia<span class=\"_ _7\"></span>l to t<span class=\"_ _9\"></span>he s<span class=\"_ _7\"></span>egme<span class=\"_ _7\"></span>nt. Assets he<span class=\"_ _7\"></span>ld for sal<span class=\"_ _7\"></span>e inclu<span class=\"_ _7\"></span>de reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>t held a<span class=\"_ _7\"></span>ssets and cash,<span class=\"_ _9\"></span> while liabilities held<span class=\"_ _9\"></span> for sale include i<span class=\"_ _9\"></span>nsurance contra<span class=\"_ _9\"></span>ct liabilities and t<span class=\"_ _9\"></span>rade and o<span class=\"_ _9\"></span>ther pa<span class=\"_ _9\"></span>yables.<span class=\"_ _304\"> </span><table class=\"s w3cd hbc\" id=\"_b1599f74-600a-4d0b-9f33-3d5271ef8064\"><tr><td></td><td></td><td></td><td class=\"t m0 x741 h44 y203c ff5f fs28 fc2 sc0 ls14d ws1f8\">Sta<span class=\"_ _7\"></span>te<span class=\"_ _304\"> </span></td><td class=\"t m0 x491 h44 y203c ff5f fs28 fc2 sc0 lse4 ws15d\">Sof<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ware a<span class=\"_ _7\"></span>nd<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x742 h44 y203d ff5f fs28 fc2 sc0 lsed ws17b\">Syndicate<span class=\"_ _304\"> </span></td><td class=\"t m0 x6f1 h44 y203d ff5f fs28 fc2 sc0 lse6 ws12d\">authorisation<span class=\"_ _304\"> </span></td><td class=\"t m0 x491 h44 y203d ff5f fs28 fc2 sc0 lsed ws17b\">development<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x743 h44 y203e ff5f fs28 fc2 sc0 lsf3 ws13f\">Goodwill</td><td class=\"t m0 x481 h44 y203e ff5f fs28 fc2 sc0 ls10a ws245\"> capacity </td><td class=\"t m0 x744 h44 y203e ff5f fs28 fc2 sc0 lsed ws17b\">licences </td><td class=\"t m0 x6f5 h44 y203e ff5f fs28 fc2 sc0 ls3 ws90\">costs<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e0 h44 y203e ff5f fs28 fc2 sc0 ls3 ws90\">Other<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y203e ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x41d h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41e h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y2040 ff5f fs7 fc2 sc0 ls38 ws41\">At 1 Janua<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y 2022<span class=\"_ _9\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2041 w3ce h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">Cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x745 y2041 w3cf h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x746 y2041 w248 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x747 y2041 w3d0 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">8.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x748 y2041 w385 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">38<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x749 y2041 w163 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">20.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x74a y2041 w3d1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">4<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2042 w3d2 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accu<span class=\"_ _7\"></span>mulated am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tisation a<span class=\"_ _7\"></span>nd impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n x74b y2042 w3d3 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.2<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x74c y2042 w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x74d y2042 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x74e y2042 w3d4 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>1<span class=\"_ _7\"></span>2<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x74f y2042 w3d5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">(15<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x750 y2042 w365 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2043 w3d6 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x751 y2043 w3d7 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">8.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x752 y2043 w248 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x753 y2043 w3d0 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">8.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x754 y2043 w42 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">25<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x755 y2043 w7d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x756 y2043 w1b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2044 ff5f fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2045 w3d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x751 y2045 w3d7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">8.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x757 y2045 w248 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"> </span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x758 y2045 w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x759 y2045 w3da h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">25<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x75a y2045 w7d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x75b y2045 w1b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2046 w3db h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Additions<span class=\"_ _304\"> </span></div></td><td class=\"c n x75c y2046 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75d y2046 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75e y2046 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75f y2046 w33f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">59.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x760 y2046 w3dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x761 y2046 wad h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">6<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2047 w3dd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws98\">Disposa<span class=\"_ _7\"></span>ls<span class=\"_ _304\"> </span></div></td><td class=\"c n x762 y2047 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x763 y2047 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x764 y2047 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x765 y2047 w3de h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x766 y2047 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x767 y2047 w3df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2048 w3e0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x768 y2048 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x769 y2048 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x76a y2048 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x76b y2048 wce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(35.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x76c y2048 w148 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x76d y2048 w3e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ffd w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n x76e y1ffd w3e3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(0.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x76f y1ffd w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x770 y1ffd w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x771 y1ffd w2b1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x772 y1ffd w311 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>0.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x773 y1ffd w3e4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">(16<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2049 w3e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing net book<span class=\"_ _9\"></span> amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x774 y2049 w3c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x775 y2049 wa1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x776 y2049 w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x777 y2049 w3e6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">266.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x778 y2049 w3e7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x779 y2049 w3e8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">32<span class=\"_ _7\"></span>0.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y204a ff5f fs7 fc2 sc0 ls38 ws41\">At 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2022  </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y204b w3ce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">Cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x77a y204b w3e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x77b y204b wa1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x77c y204b w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x77d y204b w254 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">40<span class=\"_ _7\"></span>9.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x77e y204b w6c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">2<span class=\"_ _7\"></span>0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x77f y204b w29b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">4<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y204c w3d2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accu<span class=\"_ _7\"></span>mulated am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tisation a<span class=\"_ _7\"></span>nd impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n x780 y204c w3ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(2.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x46e y204c w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x46f y204c w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x781 y204c w365 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x782 y204c w3d5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">(15<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x783 y204c w3eb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(1<span class=\"_ _a\"></span>61<span class=\"_ _a\"></span>.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y204d w3d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x784 y204d w3c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x785 y204d w3ec h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x786 y204d w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x787 y204d w3e6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">266.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x788 y204d w3e7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x789 y204d w3e8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">32<span class=\"_ _7\"></span>0.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y204e ff64 fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar ende<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y204f w3d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x78a y204f wa3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x78b y204f w3ed h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x78c y204f w3d9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">8<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x78d y204f w320 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">26<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x78e y204f w3d9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">4.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x78f y204f w226 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">320.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2050 w3db h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Additions<span class=\"_ _304\"> </span></div></td><td class=\"c n x75c y2050 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75d y2050 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75e y2050 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75f y2050 w17b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">42.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x790 y2050 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x791 y2050 w230 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">4<span class=\"_ _7\"></span>2.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2051 w3e0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x768 y2051 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x769 y2051 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x76a y2051 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x792 y2051 w3ee h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"> </span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x793 y2051 w3ef h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x794 y2051 w3f0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6e ws120\">(38.9)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2052 w3f1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d ws46\">Impairment ch<span class=\"_ _9\"></span>arge*<span class=\"_ _304\"> </span></div></td><td class=\"c n x795 y2052 wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x796 y2052 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x797 y2052 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x798 y2052 w3f2 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(6.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n x799 y2052 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x79a y2052 w3f3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(6.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2053 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n x79b y2053 w3f4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">0.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x79c y2053 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x79d y2053 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x79e y2053 wee h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">5<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x79f y2053 w179 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x5e4 y2053 w179 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">5.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2054 w3e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing net book<span class=\"_ _9\"></span> amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a0 y2054 w3c9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a1 y2054 w6e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a2 y2054 w3f5 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a3 y2054 w2c3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x78e y2054 w3f6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a4 y2054 w217 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">323.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y2055 ff64 fs7 fc2 sc0 ls38 ws41\">At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cembe<span class=\"_ _7\"></span>r 2023<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f86 w3ce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">Cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x77a y1f86 w3f7 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a5 y1f86 w3f8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a6 y1f86 w2b6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a7 y1f86 w208 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">46<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a8 y1f86 w5d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">23.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a9 y1f86 w15a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">5<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w3d2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accu<span class=\"_ _7\"></span>mulated am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tisation a<span class=\"_ _7\"></span>nd impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n x7aa y1e8e w3f9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>2.6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ab y1e8e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ac y1e8e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ad y1e8e w3fa h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>9<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ae y1e8e w3fb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">(20.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7af y1e8e w3fc h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>19<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w3d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b0 y1e80 w3fd h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b1 y1e80 w6e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b2 y1e80 w3c9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b3 y1e80 w21c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x73b y1e80 w3fe h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b4 y1e80 w217 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">323.9<span class=\"_ _304\"> </span></div></td></tr></table>*T<span class=\"_ _7\"></span>he imp<span class=\"_ _7\"></span>air<span class=\"_ _7\"></span>me<span class=\"_ _7\"></span>nt cha<span class=\"_ _7\"></span>rge fo<span class=\"_ _7\"></span>r the ye<span class=\"_ _7\"></span>ar re<span class=\"_ _7\"></span>late<span class=\"_ _7\"></span>s to Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asi<span class=\"_ _7\"></span>a bus<span class=\"_ _7\"></span>ine<span class=\"_ _7\"></span>ss c<span class=\"_ _7\"></span>las<span class=\"_ _7\"></span>sed a<span class=\"_ _7\"></span>s a dis<span class=\"_ _7\"></span>pos<span class=\"_ _7\"></span>al gro<span class=\"_ _7\"></span>up he<span class=\"_ _7\"></span>ld fo<span class=\"_ _7\"></span>r sal<span class=\"_ _7\"></span>e.<span class=\"_ _304\"> </span>Goodwill<span class=\"_ _304\"> </span>Goo<span class=\"_ _7\"></span>dwill i<span class=\"_ _7\"></span>s alloc<span class=\"_ _7\"></span>ated to t<span class=\"_ _9\"></span>he G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s ca<span class=\"_ _7\"></span>sh-g<span class=\"_ _7\"></span>ener<span class=\"_ _7\"></span>ating units (CGU<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>) ide<span class=\"_ _7\"></span>ntifie<span class=\"_ _7\"></span>d accordi<span class=\"_ _7\"></span>ng to the small<span class=\"_ _7\"></span>est id<span class=\"_ _7\"></span>entifia<span class=\"_ _7\"></span>ble uni<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o wh<span class=\"_ _7\"></span>ich cas<span class=\"_ _7\"></span>h flows are ge<span class=\"_ _7\"></span>nerated. $7<span class=\"_ _20\"></span>.4<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>m<span class=\"_ _7\"></span>illion (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$7<span class=\"_ _20\"></span>.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n) is alloc<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed to the L<span class=\"_ _7\"></span>loyd<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s cor<span class=\"_ _7\"></span>porate mem<span class=\"_ _7\"></span>ber e<span class=\"_ _7\"></span>ntity C<span class=\"_ _7\"></span>GU and $<span class=\"_ _7\"></span>0<span class=\"_ _9\"></span>.8<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mil<span class=\"_ _7\"></span>lion<span class=\"_ _304\"> </span>(202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$0.8<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>) is al<span class=\"_ _7\"></span>located to the CGUs w<span class=\"_ _7\"></span>ithin the H<span class=\"_ _7\"></span>iscox Retai<span class=\"_ _7\"></span>l busin<span class=\"_ _7\"></span>ess se<span class=\"_ _7\"></span>gme<span class=\"_ _7\"></span>nt. Goodw<span class=\"_ _7\"></span>ill is con<span class=\"_ _7\"></span>side<span class=\"_ _7\"></span>red to have an<span class=\"_ _304\"> </span>inde<span class=\"_ _7\"></span>finite life an<span class=\"_ _7\"></span>d as such i<span class=\"_ _7\"></span>s tested annu<span class=\"_ _7\"></span>ally for i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment ba<span class=\"_ _7\"></span>sed on the re<span class=\"_ _7\"></span>covera<span class=\"_ _7\"></span>ble amo<span class=\"_ _7\"></span>unt whi<span class=\"_ _7\"></span>ch is con<span class=\"_ _7\"></span>sidere<span class=\"_ _7\"></span>d to be the high<span class=\"_ _7\"></span>er<span class=\"_ _304\"> </span>of the fair va<span class=\"_ _7\"></span>lue, les<span class=\"_ _7\"></span>s cost to sell o<span class=\"_ _7\"></span>r value in u<span class=\"_ _7\"></span>se. Durin<span class=\"_ _7\"></span>g 202<span class=\"_ _9\"></span>3, there wa<span class=\"_ _7\"></span>s no impai<span class=\"_ _7\"></span>rme<span class=\"_ _7\"></span>nt charg<span class=\"_ _7\"></span>e on good<span class=\"_ _7\"></span>will (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$nil<span class=\"_ _7\"></span>)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>V<span class=\"_ _9\"></span>alu<span class=\"_ _7\"></span>e in use is c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered to be the b<span class=\"_ _7\"></span>est ind<span class=\"_ _7\"></span>ication of the re<span class=\"_ _7\"></span>coverab<span class=\"_ _7\"></span>le amo<span class=\"_ _7\"></span>unt for goo<span class=\"_ _7\"></span>dwill. Value in us<span class=\"_ _7\"></span>e calcu<span class=\"_ _7\"></span>lations a<span class=\"_ _7\"></span>re per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>med<span class=\"_ _304\"> </span>usin<span class=\"_ _7\"></span>g cas<span class=\"_ _7\"></span>h flow proje<span class=\"_ _7\"></span>ctions b<span class=\"_ _7\"></span>ased o<span class=\"_ _7\"></span>n finan<span class=\"_ _7\"></span>cial fo<span class=\"_ _7\"></span>recas<span class=\"_ _7\"></span>ts. A discount fact<span class=\"_ _9\"></span>or<span class=\"_ _a\"></span>, base<span class=\"_ _7\"></span>d on a w<span class=\"_ _9\"></span>eighted average cost of capital (<span class=\"_ _7\"></span>W<span class=\"_ _9\"></span>A<span class=\"_ _9\"></span>CC)<span class=\"_ _304\"> </span>for the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>, of 1<span class=\"_ _9\"></span>0.<span class=\"_ _9\"></span>0% t<span class=\"_ _9\"></span>o 1<span class=\"_ _9\"></span>0.3<span class=\"_ _9\"></span>%, depe<span class=\"_ _7\"></span>nding o<span class=\"_ _7\"></span>n the unde<span class=\"_ _7\"></span>rly<span class=\"_ _7\"></span>ing cu<span class=\"_ _7\"></span>rre<span class=\"_ _7\"></span>ncy <span class=\"_ _7\"></span>(2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.0% t<span class=\"_ _9\"></span>o 1<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.5<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span>), has <span class=\"_ _7\"></span>bee<span class=\"_ _7\"></span>n a<span class=\"_ _7\"></span>ppli<span class=\"_ _7\"></span>ed to th<span class=\"_ _7\"></span>e c<span class=\"_ _7\"></span>ash fl<span class=\"_ _7\"></span>ow<span class=\"_ _304\"> </span>proje<span class=\"_ _7\"></span>ctions to deter<span class=\"_ _7\"></span>mine the n<span class=\"_ _7\"></span>et prese<span class=\"_ _7\"></span>nt value. Th<span class=\"_ _7\"></span>e outcome of the va<span class=\"_ _7\"></span>lue in us<span class=\"_ _7\"></span>e calcu<span class=\"_ _7\"></span>lation is m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>red agai<span class=\"_ _7\"></span>nst the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g value<span class=\"_ _304\"> </span>of the ass<span class=\"_ _7\"></span>et and, whe<span class=\"_ _7\"></span>re the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>ying va<span class=\"_ _7\"></span>lue is in exce<span class=\"_ _7\"></span>ss of the valu<span class=\"_ _7\"></span>e in use, the ass<span class=\"_ _7\"></span>et is wri<span class=\"_ _7\"></span>tten dow<span class=\"_ _7\"></span>n t<span class=\"_ _9\"></span>o this a<span class=\"_ _7\"></span>mount.<span class=\"_ _304\"> </span>Impairment assessment<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>o test the s<span class=\"_ _7\"></span>ensi<span class=\"_ _7\"></span>tivit<span class=\"_ _7\"></span>y of the as<span class=\"_ _7\"></span>sess<span class=\"_ _7\"></span>ment, mana<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt flexed the key assu<span class=\"_ _7\"></span>mptions wi<span class=\"_ _7\"></span>thin a rea<span class=\"_ _7\"></span>sonab<span class=\"_ _7\"></span>ly expe<span class=\"_ _7\"></span>cted rang<span class=\"_ _7\"></span>e. Within thi<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>rang<span class=\"_ _7\"></span>e, goodw<span class=\"_ _7\"></span>ill and othe<span class=\"_ _7\"></span>r intang<span class=\"_ _7\"></span>ible as<span class=\"_ _7\"></span>sets rec<span class=\"_ _7\"></span>overies we<span class=\"_ _7\"></span>re stress tes<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed a<span class=\"_ _7\"></span>nd rema<span class=\"_ _7\"></span>in supp<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tabl<span class=\"_ _7\"></span>e across a<span class=\"_ _7\"></span>ll cas<span class=\"_ _7\"></span>h-ge<span class=\"_ _7\"></span>neratin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> units or<span class=\"_ _9\"></span> assets.<span class=\"_ _304\"> </span>Intangible asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span>All i<span class=\"_ _7\"></span>ntangi<span class=\"_ _7\"></span>ble as<span class=\"_ _7\"></span>sets have a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>finite usef<span class=\"_ _7\"></span>ul life except for th<span class=\"_ _7\"></span>e Synd<span class=\"_ _7\"></span>icate capa<span class=\"_ _7\"></span>cit<span class=\"_ _7\"></span>y and US state au<span class=\"_ _7\"></span>thoris<span class=\"_ _7\"></span>ation lic<span class=\"_ _7\"></span>ence<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>1<span class=\"_ _a\"></span>1 Go<span class=\"_ _7\"></span>odwil<span class=\"_ _7\"></span>l and in<span class=\"_ _7\"></span>tan<span class=\"_ _7\"></span>gible a<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span>(a) Syndi<span class=\"_ _7\"></span>cate capac<span class=\"_ _7\"></span>ity<span class=\"_ _304\"> </span>The c<span class=\"_ _7\"></span>ost of purch<span class=\"_ _7\"></span>asing th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ticipati<span class=\"_ _7\"></span>on in the Ll<span class=\"_ _7\"></span>oyd<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s insur<span class=\"_ _7\"></span>ance sy<span class=\"_ _7\"></span>ndic<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s is not amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed, but is tested a<span class=\"_ _7\"></span>nnual<span class=\"_ _7\"></span>ly for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt and is c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at co<span class=\"_ _7\"></span>st les<span class=\"_ _7\"></span>s accumu<span class=\"_ _7\"></span>lated impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt loss<span class=\"_ _7\"></span>es. Havin<span class=\"_ _7\"></span>g consi<span class=\"_ _7\"></span>dered th<span class=\"_ _7\"></span>e future p<span class=\"_ _7\"></span>rospec<span class=\"_ _7\"></span>ts of the London insu<span class=\"_ _7\"></span>rance m<span class=\"_ _7\"></span>arket, the Board b<span class=\"_ _7\"></span>elieves th<span class=\"_ _7\"></span>at the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s owners<span class=\"_ _7\"></span>hip of Sy<span class=\"_ _7\"></span>ndicate ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y will p<span class=\"_ _7\"></span>rovide e<span class=\"_ _7\"></span>conom<span class=\"_ _7\"></span>ic ben<span class=\"_ _7\"></span>efits over an inde<span class=\"_ _7\"></span>finite numb<span class=\"_ _7\"></span>er of futu<span class=\"_ _7\"></span>re peri<span class=\"_ _7\"></span>ods. Th<span class=\"_ _7\"></span>is assu<span class=\"_ _7\"></span>mption is revi<span class=\"_ _7\"></span>ewed ann<span class=\"_ _7\"></span>ually to deter<span class=\"_ _7\"></span>mine wh<span class=\"_ _7\"></span>ether the a<span class=\"_ _7\"></span>sset co<span class=\"_ _7\"></span>ntinue<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o have an indefinite l<span class=\"_ _9\"></span>ife.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s int<span class=\"_ _7\"></span>angib<span class=\"_ _7\"></span>le ass<span class=\"_ _7\"></span>et relating to Sy<span class=\"_ _7\"></span>ndicate ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y has b<span class=\"_ _7\"></span>een a<span class=\"_ _7\"></span>llocated, for im<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>ment testin<span class=\"_ _7\"></span>g purpo<span class=\"_ _7\"></span>ses, to one <span class=\"ls8 ws4\"> </span>indi<span class=\"_ _7\"></span>vidu<span class=\"_ _7\"></span>al CGU, being th<span class=\"_ _7\"></span>e active Lloyd\u2019<span class=\"_ _9\"></span>s corp<span class=\"_ _7\"></span>orate memb<span class=\"_ _7\"></span>er enti<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>. The a<span class=\"_ _7\"></span>sset is tested a<span class=\"_ _7\"></span>nnual<span class=\"_ _7\"></span>ly for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt base<span class=\"_ _7\"></span>d on its recover<span class=\"_ _7\"></span>able a<span class=\"_ _7\"></span>mount w<span class=\"_ _7\"></span>hich is c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered to be the hi<span class=\"_ _7\"></span>gher of the a<span class=\"_ _7\"></span>sset\u2019<span class=\"_ _9\"></span>s fair va<span class=\"_ _7\"></span>lue le<span class=\"_ _7\"></span>ss cos<span class=\"_ _7\"></span>ts t<span class=\"_ _9\"></span>o se<span class=\"_ _7\"></span>ll or its valu<span class=\"_ _7\"></span>e in use. Th<span class=\"_ _7\"></span>e value in use i<span class=\"_ _7\"></span>s determi<span class=\"_ _7\"></span>ned usi<span class=\"_ _7\"></span>ng cas<span class=\"_ _7\"></span>h flow projec<span class=\"_ _7\"></span>tions ba<span class=\"_ _7\"></span>sed on bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss pla<span class=\"_ _7\"></span>ns approved by ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>ment a<span class=\"_ _7\"></span>nd disco<span class=\"_ _7\"></span>unted at the app<span class=\"_ _7\"></span>licab<span class=\"_ _7\"></span>le W<span class=\"_ _9\"></span>ACC rate. A<span class=\"_ _9\"></span>t 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2023, the value in u<span class=\"_ _7\"></span>se or the fa<span class=\"_ _7\"></span>ir value l<span class=\"_ _7\"></span>ess co<span class=\"_ _7\"></span>st to sell exceed<span class=\"_ _7\"></span>ed the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng value of Syn<span class=\"_ _7\"></span>dicate ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d on the ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e sheet.<span class=\"_ _304\"> </span>(b) US state author<span class=\"_ _7\"></span>isation l<span class=\"_ _7\"></span>icen<span class=\"_ _7\"></span>ces<span class=\"_ _304\"> </span>In 2007<span class=\"_ _20\"></span>, the Grou<span class=\"_ _7\"></span>p acquire<span class=\"_ _7\"></span>d insur<span class=\"_ _7\"></span>ance au<span class=\"_ _7\"></span>thori<span class=\"_ _7\"></span>sation lic<span class=\"_ _7\"></span>enc<span class=\"_ _7\"></span>es for 50 US states a<span class=\"_ _7\"></span>s par<span class=\"_ _7\"></span>t of a bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s combi<span class=\"_ _7\"></span>nation. Th<span class=\"_ _7\"></span>e licen<span class=\"_ _7\"></span>ces a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> allo<span class=\"_ _7\"></span>cated for imp<span class=\"_ _7\"></span>airm<span class=\"_ _7\"></span>ent testing to the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s Nor<span class=\"_ _7\"></span>th Am<span class=\"_ _7\"></span>eric<span class=\"_ _7\"></span>an un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>iting bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s. The c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng value of thi<span class=\"_ _7\"></span>s asset c<span class=\"_ _7\"></span>alcul<span class=\"_ _7\"></span>ated usin<span class=\"_ _7\"></span>g a projec<span class=\"_ _7\"></span>ted cash fl<span class=\"_ _7\"></span>ow based o<span class=\"_ _7\"></span>n busin<span class=\"_ _7\"></span>ess pl<span class=\"_ _7\"></span>ans ap<span class=\"_ _7\"></span>proved by manag<span class=\"_ _7\"></span>emen<span class=\"_ _7\"></span>t and disc<span class=\"_ _7\"></span>ounted at the s<span class=\"_ _7\"></span>ame rate use<span class=\"_ _7\"></span>d for goo<span class=\"_ _7\"></span>dwill, is tested a<span class=\"_ _7\"></span>nnual<span class=\"_ _7\"></span>ly for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt base<span class=\"_ _7\"></span>d on its valu<span class=\"_ _7\"></span>e in use, and the re<span class=\"_ _7\"></span>sults s<span class=\"_ _7\"></span>how no impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span>(c<span class=\"_ _9\"></span>) Sof<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ware and deve<span class=\"_ _7\"></span>lopme<span class=\"_ _7\"></span>nt costs<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup ca<span class=\"_ _7\"></span>pita<span class=\"_ _7\"></span>lises a<span class=\"_ _7\"></span>cquire<span class=\"_ _7\"></span>d sof<span class=\"_ _7\"></span>tware li<span class=\"_ _7\"></span>cens<span class=\"_ _7\"></span>es base<span class=\"_ _7\"></span>d on the co<span class=\"_ _7\"></span>sts incur<span class=\"_ _7\"></span>red. Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation is c<span class=\"_ _7\"></span>alcu<span class=\"_ _7\"></span>lated using th<span class=\"_ _7\"></span>e straig<span class=\"_ _7\"></span>ht<span class=\"_ _9\"></span>-line method ove<span class=\"_ _7\"></span>r a peri<span class=\"_ _7\"></span>od of three to ten year<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>Intern<span class=\"_ _7\"></span>ally deve<span class=\"_ _7\"></span>lope<span class=\"_ _7\"></span>d sof<span class=\"_ _7\"></span>tware is c<span class=\"_ _7\"></span>apit<span class=\"_ _7\"></span>alise<span class=\"_ _7\"></span>d only i<span class=\"_ _7\"></span>f future e<span class=\"_ _7\"></span>conom<span class=\"_ _7\"></span>ic ben<span class=\"_ _7\"></span>efits are pro<span class=\"_ _7\"></span>bable a<span class=\"_ _7\"></span>nd can b<span class=\"_ _7\"></span>e mea<span class=\"_ _7\"></span>sured re<span class=\"_ _7\"></span>liabl<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation of inter<span class=\"_ _7\"></span>nall<span class=\"_ _7\"></span>y develop<span class=\"_ _7\"></span>ed com<span class=\"_ _7\"></span>puter sof<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ware beg<span class=\"_ _7\"></span>ins whe<span class=\"_ _7\"></span>n the sof<span class=\"_ _7\"></span>twa<span class=\"_ _7\"></span>re is availab<span class=\"_ _7\"></span>le for use a<span class=\"_ _7\"></span>nd is all<span class=\"_ _7\"></span>ocated on a strai<span class=\"_ _7\"></span>ght<span class=\"_ _9\"></span>-line b<span class=\"_ _7\"></span>asis over the ex<span class=\"_ _7\"></span>pected u<span class=\"_ _7\"></span>seful li<span class=\"_ _7\"></span>fe of the asset.<span class=\"_ _304\"> </span>The u<span class=\"_ _7\"></span>seful l<span class=\"_ _7\"></span>ife of the ass<span class=\"_ _7\"></span>et is reviewed a<span class=\"_ _7\"></span>nnua<span class=\"_ _7\"></span>lly an<span class=\"_ _7\"></span>d, if dif<span class=\"_ _7\"></span>ferent f<span class=\"_ _7\"></span>rom previ<span class=\"_ _7\"></span>ous esti<span class=\"_ _7\"></span>mates, is revise<span class=\"_ _7\"></span>d accord<span class=\"_ _7\"></span>ingly w<span class=\"_ _7\"></span>ith the ch<span class=\"_ _7\"></span>ange <span class=\"ls8 ws4\"> </span>bei<span class=\"_ _7\"></span>ng acco<span class=\"_ _7\"></span>unted for as a ch<span class=\"_ _7\"></span>ange in a<span class=\"_ _7\"></span>ccou<span class=\"_ _7\"></span>nting estim<span class=\"_ _7\"></span>ates in acco<span class=\"_ _7\"></span>rdanc<span class=\"_ _7\"></span>e with IAS<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>8.<span class=\"_ _304\"> </span>The c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing valu<span class=\"_ _7\"></span>e of soft<span class=\"_ _7\"></span>ware a<span class=\"_ _7\"></span>nd develo<span class=\"_ _7\"></span>pment c<span class=\"_ _7\"></span>osts is reviewe<span class=\"_ _7\"></span>d for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt on an on<span class=\"_ _7\"></span>going ba<span class=\"_ _7\"></span>sis by referen<span class=\"_ _7\"></span>ce to the stage <span class=\"ls8 ws4\"> </span>and ex<span class=\"_ _7\"></span>pectati<span class=\"_ _7\"></span>on of a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>proje<span class=\"_ _7\"></span>ct. Addition<span class=\"_ _7\"></span>ally<span class=\"_ _9\"></span>, at the end of e<span class=\"_ _7\"></span>ach repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting per<span class=\"_ _7\"></span>iod, the Gro<span class=\"_ _7\"></span>up reviews the p<span class=\"_ _7\"></span>ositio<span class=\"_ _7\"></span>ns for any ind<span class=\"_ _7\"></span>ication <span class=\"ls8 ws4\"> </span>of impai<span class=\"_ _7\"></span>rme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, an<span class=\"_ _7\"></span>d as a resu<span class=\"_ _7\"></span>lt of this impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt of $6.0 million wa<span class=\"_ _7\"></span>s record<span class=\"_ _7\"></span>ed in 2023 on Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asia bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss clas<span class=\"_ _7\"></span>sed a<span class=\"_ _7\"></span>s a dispos<span class=\"_ _7\"></span>al group h<span class=\"_ _7\"></span>eld for s<span class=\"_ _7\"></span>ale (2022<span class=\"_ _9\"></span>: $nil).<span class=\"_ _9\"></span> At 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023 there were $3<span class=\"_ _7\"></span>4<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1 millio<span class=\"_ _7\"></span>n of assets u<span class=\"_ _7\"></span>nder d<span class=\"_ _7\"></span>evelopme<span class=\"_ _7\"></span>nt on wh<span class=\"_ _7\"></span>ich amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation i<span class=\"_ _7\"></span>s yet t<span class=\"_ _9\"></span>o be ch<span class=\"_ _7\"></span>arged <span class=\"ls8 ws4\"> </span>(202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.<span class=\"_ _9\"></span>7<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The a<span class=\"_ _7\"></span>ssets are ex<span class=\"_ _7\"></span>pected to be re<span class=\"_ _7\"></span>covered or s<span class=\"_ _7\"></span>ettle<span class=\"_ _7\"></span>d more than 1<span class=\"_ _9\"></span>2 months af<span class=\"_ _7\"></span>ter the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>ate and as suc<span class=\"_ _7\"></span>h are con<span class=\"_ _7\"></span>sidere<span class=\"_ _7\"></span>d to<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>be non-current<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>d) Rights t<span class=\"_ _9\"></span>o cus<span class=\"_ _9\"></span>tomer cont<span class=\"_ _9\"></span>ractual r<span class=\"_ _9\"></span>elationships (i<span class=\"_ _9\"></span>ncluded in ot<span class=\"_ _9\"></span>her)<span class=\"_ _304\"> </span>Intan<span class=\"_ _7\"></span>gible c<span class=\"_ _7\"></span>osts related to sec<span class=\"_ _7\"></span>uring c<span class=\"_ _7\"></span>ustomer c<span class=\"_ _7\"></span>ontractua<span class=\"_ _7\"></span>l relatio<span class=\"_ _7\"></span>nships a<span class=\"_ _7\"></span>re reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as an as<span class=\"_ _7\"></span>set whe<span class=\"_ _7\"></span>re they can b<span class=\"_ _7\"></span>e identi<span class=\"_ _7\"></span>fied sep<span class=\"_ _7\"></span>arately an<span class=\"_ _7\"></span>d meas<span class=\"_ _7\"></span>ured rel<span class=\"_ _7\"></span>iabl<span class=\"_ _7\"></span>y and it is p<span class=\"_ _7\"></span>robabl<span class=\"_ _7\"></span>e that they will b<span class=\"_ _7\"></span>e recovere<span class=\"_ _7\"></span>d by directly re<span class=\"_ _7\"></span>lated fu<span class=\"_ _7\"></span>ture profits. The<span class=\"_ _7\"></span>se cos<span class=\"_ _7\"></span>ts are amo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>sed on a str<span class=\"_ _7\"></span>aight-line basi<span class=\"_ _7\"></span>s over the usef<span class=\"_ _7\"></span>ul eco<span class=\"_ _7\"></span>nomic l<span class=\"_ _7\"></span>ife whic<span class=\"_ _7\"></span>h is dee<span class=\"_ _7\"></span>med to be ten yea<span class=\"_ _7\"></span>rs and a<span class=\"_ _7\"></span>re car<span class=\"_ _7\"></span>ried at c<span class=\"_ _7\"></span>ost le<span class=\"_ _7\"></span>ss accu<span class=\"_ _7\"></span>mulated am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tisatio<span class=\"_ _7\"></span>n and imp<span class=\"_ _7\"></span>airme<span class=\"_ _7\"></span>nt los<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span>At the end of e<span class=\"_ _7\"></span>ach repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting per<span class=\"_ _7\"></span>iod, the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g value a<span class=\"_ _7\"></span>rrive<span class=\"_ _7\"></span>d at using va<span class=\"_ _7\"></span>lue in us<span class=\"_ _7\"></span>e is tested for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt. V<span class=\"_ _9\"></span>alue in u<span class=\"_ _7\"></span>se is cal<span class=\"_ _7\"></span>culated us<span class=\"_ _7\"></span>ing the sa<span class=\"_ _7\"></span>me metho<span class=\"_ _7\"></span>d as des<span class=\"_ _7\"></span>crib<span class=\"_ _7\"></span>ed above for go<span class=\"_ _7\"></span>odwil<span class=\"_ _7\"></span>l and the s<span class=\"_ _7\"></span>ame dis<span class=\"_ _7\"></span>count rate use<span class=\"_ _7\"></span>d. The res<span class=\"_ _7\"></span>ults of this test <span class=\"ls8 ws4\"> </span>led to no im<span class=\"_ _7\"></span>pairm<span class=\"_ _7\"></span>ent cha<span class=\"_ _7\"></span>rge on inta<span class=\"_ _7\"></span>ngib<span class=\"_ _7\"></span>le rights to cus<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ome<span class=\"_ _7\"></span>r contra<span class=\"_ _7\"></span>ctual rel<span class=\"_ _7\"></span>ationsh<span class=\"_ _7\"></span>ips in 2023 (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: $n<span class=\"_ _7\"></span>il)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>1<span class=\"_ _9\"></span>2 Prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty, plant a<span class=\"_ _7\"></span>nd eq<span class=\"_ _7\"></span>uipme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span><table class=\"s w3ff hbd\" id=\"_bfb9b928-591e-4f1b-92e9-1001b96156d5\"><tr><td></td><td></td><td></td><td class=\"t m0 x25e h43 y2056 ff64 fs28 fc2 sc0 lsf0 ws1b9\">Furniture<span class=\"_ _304\"> </span></td><td class=\"t m0 x265 h43 y2056 ff64 fs28 fc2 sc0 lsf3 ws13f\">Right<span class=\"_ _9\"></span>-of-use </td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x7b5 h43 y2057 ff64 fs28 fc2 sc0 lse4 ws15d\">fi<span class=\"_ _7\"></span>tti<span class=\"_ _7\"></span>ngs a<span class=\"_ _7\"></span>nd<span class=\"_ _304\"> </span></td><td class=\"t m0 x7b6 h43 y2057 ff64 fs28 fc2 sc0 ls8 ws4\">as<span class=\"_ _7\"></span>s<span class=\"_ _7\"></span>et<span class=\"_ _7\"></span>s: </td><td></td></tr><tr><td></td><td class=\"t m0 x7b7 h43 y2058 ff64 fs28 fc2 sc0 lsed ws139\">Land and<span class=\"_ _304\"> </span></td><td class=\"t m0 x7b8 h43 y2058 ff64 fs28 fc2 sc0 ls7c ws98\">Leasehold<span class=\"_ _304\"> </span></td><td class=\"t m0 x7b5 h43 y2058 ff64 fs28 fc2 sc0 ls117 ws246\">equipment<span class=\"_ _304\"> </span></td><td class=\"t m0 x4fd h43 y2058 ff64 fs28 fc2 sc0 ls8 ws4\">pr<span class=\"_ _7\"></span>op<span class=\"_ _7\"></span>e<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty </td><td></td></tr><tr><td></td><td class=\"t m0 x7b7 h43 y2059 ff64 fs28 fc2 sc0 ls131 ws1bc\">buildings<span class=\"_ _304\"> </span></td><td class=\"t m0 x271 h43 y2059 ff64 fs28 fc2 sc0 lsf0 ws1b9\">improvements </td><td class=\"t m0 x7b9 h43 y2059 ff64 fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d ar<span class=\"_ _7\"></span>t<span class=\"_ _304\"> </span></td><td class=\"t m0 x7ba h43 y2059 ff64 fs28 fc2 sc0 ls131 ws1b8\">and other<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h43 y2059 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x41e h43 y205a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h43 y205a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y205a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h43 y205a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y205a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y205b ff5f fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y205c w3d8 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x7bb y205c w400 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x7bc y205c wd4 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x7bd y205c w369 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">29.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x7be y205c w401 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">3<span class=\"_ _2c\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x7bf y205c w402 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">9<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y205d w3db h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Additions<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c0 y205d w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c1 y205d w109 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c2 y205d w163 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">20.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c3 y205d w403 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">52<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c4 y205d w404 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">73.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y205e w3dd h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws98\">Disposa<span class=\"_ _7\"></span>ls<span class=\"_ _304\"> </span></div></td><td class=\"c n x79c y205e w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x79d y205e w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c5 y205e w405 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c6 y205e w406 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>0.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c7 y205e w311 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(0.9<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y205f w407 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Dep<span class=\"_ _7\"></span>reciati<span class=\"_ _7\"></span>on cha<span class=\"_ _7\"></span>rge<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c8 y205f w408 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c9 y205f w2b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ca y205f w362 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4<span class=\"_ _7\"></span>.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7cb y205f w409 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">(16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7cc y205f w40a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>2.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2060 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n x7cd y2060 w3ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x764 y2060 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ce y2060 w40b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7cf y2060 w33c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(2<span class=\"_ _9\"></span>.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d0 y2060 w40c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2061 w3e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing net book<span class=\"_ _9\"></span> amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d1 y2061 w40d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">1<span class=\"_ _9\"></span>8.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d2 y2061 w40e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d3 y2061 we1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">4<span class=\"_ _7\"></span>3.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d4 y2061 w6d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls100 ws14f\">70<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d5 y2061 w117 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2062 ff5f fs7 fc2 sc0 ls38 ws41\">At 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2022  </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2063 w3ce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">Cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d6 y2063 w40f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">26<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d7 y2063 w410 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">13<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d8 y2063 wbb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">8<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d9 y2063 w411 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x7da y2063 w412 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2064 w413 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Accumulat<span class=\"_ _9\"></span>ed depreciat<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span></div></td><td class=\"c n x7db y2064 w414 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">(8.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7dc y2064 w415 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7dd y2064 w416 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7de y2064 w4a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7df y2064 w417 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(10<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>.4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2065 w3d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e0 y2065 w418 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">1<span class=\"_ _9\"></span>8.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e1 y2065 w40e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e2 y2065 we1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">4<span class=\"_ _7\"></span>3.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e3 y2065 w6d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls100 ws14f\">70<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x62b y2065 w117 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y2066 ff64 fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar ende<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2067 w3d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e4 y2067 w419 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e5 y2067 w41a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x49d y2067 w102 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">43.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e6 y2067 w41b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb4 wsd1\">70.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e7 y2067 w23a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2068 w3db h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Additions<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c0 y2068 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e8 y2068 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e9 y2068 w41c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ea y2068 w183 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7eb y2068 w41d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls155 ws204\">14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2069 w3dd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws98\">Disposa<span class=\"_ _7\"></span>ls<span class=\"_ _304\"> </span></div></td><td class=\"c n x79c y2069 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x79d y2069 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ec y2069 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ed y2069 w41e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ee y2069 w3ac h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y206a w407 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Dep<span class=\"_ _7\"></span>reciati<span class=\"_ _7\"></span>on cha<span class=\"_ _7\"></span>rge<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ef y206a w41f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f0 y206a w2d3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f1 y206a w420 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f2 y206a w266 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f3 y206a w421 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">(19<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y206b w422 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls21 ws26\">Impa<span class=\"_ _9\"></span>irment<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f4 y206b w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f5 y206b w423 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>0.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f6 y206b w16a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f7 y206b w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f8 y206b w102 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(0.6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y206c w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f9 y206c w68 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x7fa y206c w424 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x7fb y206c wed h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7fc y206c w3f6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x7fd y206c w68 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">5.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y206d w3e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing net book<span class=\"_ _9\"></span> amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x7fe y206d w183 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>8<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ff y206d w179 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x800 y206d w2b5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls16f ws230\">41.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x801 y206d w17b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">72.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x802 y206d we0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y206e ff64 fs7 fc2 sc0 ls38 ws41\">At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cembe<span class=\"_ _7\"></span>r 2023  </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2022 w3ce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">Cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x803 y2022 w425 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x804 y2022 w2e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x805 y2022 w6e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">8<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x806 y2022 w426 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x807 y2022 w8a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">258.<span class=\"_ _9\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2034 w413 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Accumulat<span class=\"_ _9\"></span>ed depreciat<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span></div></td><td class=\"c n x808 y2034 w427 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">(10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x809 y2034 w2ae h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(<span class=\"_ _7\"></span>12.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x80a y2034 w128 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4<span class=\"_ _7\"></span>3.<span class=\"_ _7\"></span>6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x80b y2034 w285 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(59.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x80c y2034 w428 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>6.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed7 w3d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x80d y1ed7 w2e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x80e y1ed7 w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x80f y1ed7 w2c6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls16f ws230\">41.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x810 y1ed7 w230 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">7<span class=\"_ _7\"></span>2.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x811 y1ed7 w41 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w429 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Les<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>: as<span class=\"_ _7\"></span>sets held fo<span class=\"_ _7\"></span>r sale<span class=\"_ _304\"> </span></div></td><td class=\"c n x812 y1ed8 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x813 y1ed8 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x814 y1ed8 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x31e y1ed8 w42a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(2.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x815 y1ed8 w42a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w3d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x80d y1e80 w2e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x80e y1e80 w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x80f y1e80 w2c6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls16f ws230\">41.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x816 y1e80 w42b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb4 wsd1\">70<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x817 y1e80 w4a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s la<span class=\"_ _7\"></span>nd and b<span class=\"_ _7\"></span>uildin<span class=\"_ _7\"></span>gs ass<span class=\"_ _7\"></span>ets relate to freeho<span class=\"_ _7\"></span>ld prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty in th<span class=\"_ _7\"></span>e UK. T<span class=\"_ _7\"></span>here was no i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment c<span class=\"_ _7\"></span>harge on th<span class=\"_ _7\"></span>ese as<span class=\"_ _7\"></span>sets<span class=\"_ _304\"> </span>dur<span class=\"_ _7\"></span>ing the yea<span class=\"_ _7\"></span>r (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: $n<span class=\"_ _7\"></span>il)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The a<span class=\"_ _7\"></span>ssets are ex<span class=\"_ _7\"></span>pected to be re<span class=\"_ _7\"></span>covered or s<span class=\"_ _7\"></span>ettle<span class=\"_ _7\"></span>d more than 1<span class=\"_ _9\"></span>2 months af<span class=\"_ _7\"></span>ter the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>ate and as suc<span class=\"_ _7\"></span>h are con<span class=\"_ _7\"></span>sidere<span class=\"_ _7\"></span>d to<span class=\"_ _9\"></span> be non-current<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The i<span class=\"_ _7\"></span>ncom<span class=\"_ _7\"></span>e from sub<span class=\"_ _7\"></span>leas<span class=\"_ _7\"></span>ing rig<span class=\"_ _7\"></span>ht<span class=\"_ _9\"></span>-of-use ass<span class=\"_ _7\"></span>ets amou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed to $0.4 millio<span class=\"_ _7\"></span>n (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$<span class=\"_ _7\"></span>0<span class=\"_ _9\"></span>.6<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion)<span class=\"_ _9\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-495": {
   "value": "8 Other income and operationa<span class=\"_ _7\"></span>l e<span class=\"_ _9\"></span>xpenses<span class=\"_ _304\"> </span><table class=\"s w36e hba\" id=\"_cd4cc44d-7741-412e-b3ee-3e4525e33772\"><tr><td></td><td></td><td class=\"t m0 x1fc h44 y2035 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1fb h43 y2036 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1ff h44 y2036 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2037 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y2037 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed2 w3ba h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls39 ws43\">Other income<span class=\"_ _304\"> </span></div></td><td class=\"c n x727 y1ed2 w201 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">9<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x728 y1ed2 w2f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">42.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2016 w3bb h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Staf<span class=\"_ _7\"></span>f costs<span class=\"_ _304\"> </span></div></td><td class=\"c n x729 y2016 w3bc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8a wsa0\">373<span class=\"_ _7\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x72a y2016 w35c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">3<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w3bd h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Depreciation<span class=\"_ _9\"></span>, amortisation and i<span class=\"_ _9\"></span>mpairment<span class=\"_ _304\"> </span></div></td><td class=\"c n x72b y1f86 w3be h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x72c y1f86 we1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">6<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w3bf h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls21 ws99\">Other<span class=\"_ _9\"></span> expens<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n x72d y1ed8 w3c0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">286.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x590 y1ed8 w254 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">26<span class=\"_ _7\"></span>9.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w3c1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d ws46\">Operational<span class=\"_ _9\"></span> expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n x72e y1e80 w370 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa9 ws106\">736<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x72f y1e80 w3c2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">6<span class=\"_ _7\"></span>43.3<span class=\"_ _304\"> </span></div></td></tr></table>Oth<span class=\"_ _7\"></span>er inco<span class=\"_ _7\"></span>me incl<span class=\"_ _7\"></span>udes m<span class=\"_ _7\"></span>anage<span class=\"_ _7\"></span>ment fe<span class=\"_ _7\"></span>es an<span class=\"_ _7\"></span>d is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d when th<span class=\"_ _7\"></span>e investme<span class=\"_ _7\"></span>nt manag<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ces a<span class=\"_ _7\"></span>re rende<span class=\"_ _7\"></span>red to the ILS fun<span class=\"_ _7\"></span>ds and c<span class=\"_ _7\"></span>ommis<span class=\"_ _7\"></span>sions pa<span class=\"_ _7\"></span>id to Group-<span class=\"_ _7\"></span>owned S<span class=\"_ _7\"></span>yndi<span class=\"_ _7\"></span>cate managi<span class=\"_ _7\"></span>ng age<span class=\"_ _7\"></span>nt by third-par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y Name<span class=\"_ _7\"></span>s. On 4 Ju<span class=\"_ _7\"></span>ly 2023<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup dis<span class=\"_ _7\"></span>posed of a<span class=\"_ _7\"></span>n investme<span class=\"_ _7\"></span>nt in asso<span class=\"_ _7\"></span>ciate, Media In<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce Broker<span class=\"_ _7\"></span>s Internatio<span class=\"_ _7\"></span>nal Ltd, f<span class=\"_ _9\"></span>or $<span class=\"_ _7\"></span>9<span class=\"_ _9\"></span>.5 mill<span class=\"_ _7\"></span>ion resu<span class=\"_ _7\"></span>lting in a ga<span class=\"_ _7\"></span>in of $4.<span class=\"_ _9\"></span>0 mil<span class=\"_ _7\"></span>lion al<span class=\"_ _7\"></span>so pres<span class=\"_ _7\"></span>ented in other i<span class=\"_ _7\"></span>ncome.<span class=\"_ _304\"> </span>Ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expe<span class=\"_ _7\"></span>nses co<span class=\"_ _7\"></span>mpri<span class=\"_ _7\"></span>se attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble expe<span class=\"_ _7\"></span>nses a<span class=\"_ _7\"></span>mountin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o $61<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>4 mil<span class=\"_ _7\"></span>lion (2022<span class=\"_ _9\"></span>: $57<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>.5 mill<span class=\"_ _7\"></span>ion) includ<span class=\"_ _7\"></span>ed with<span class=\"_ _7\"></span>in insu<span class=\"_ _7\"></span>rance s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>se, and non-at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses am<span class=\"_ _7\"></span>ounting to $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>5.5 million (2022<span class=\"_ _9\"></span>: $67<span class=\"_ _20\"></span>.8 milli<span class=\"_ _7\"></span>on) include<span class=\"_ _7\"></span>d withi<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>ot<span class=\"_ _9\"></span>her oper<span class=\"_ _9\"></span>ati<span class=\"_ _9\"></span>onal e<span class=\"_ _9\"></span>xpenses<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>otal o<span class=\"_ _7\"></span>peratio<span class=\"_ _7\"></span>nal exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s have been re<span class=\"_ _7\"></span>stated for the ye<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022 t<span class=\"_ _9\"></span>o in<span class=\"_ _7\"></span>clude re<span class=\"_ _7\"></span>clas<span class=\"_ _7\"></span>sific<span class=\"_ _7\"></span>ation from ac<span class=\"_ _7\"></span>quisi<span class=\"_ _7\"></span>tion costs u<span class=\"_ _7\"></span>nder IFR<span class=\"_ _7\"></span>S 1<span class=\"_ _a\"></span>7 and the i<span class=\"_ _7\"></span>mpact of IFRS 9 c<span class=\"_ _7\"></span>redit lo<span class=\"_ _7\"></span>ss impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt charg<span class=\"_ _7\"></span>es. Th<span class=\"_ _7\"></span>e restateme<span class=\"_ _7\"></span>nt resul<span class=\"_ _7\"></span>ts in an inc<span class=\"_ _7\"></span>rease of total ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expens<span class=\"_ _7\"></span>es by $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>0 mill<span class=\"_ _7\"></span>ion.<span class=\"_ _304\"> </span>On 27 Septembe<span class=\"_ _7\"></span>r 2023<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup ann<span class=\"_ _7\"></span>ounce<span class=\"_ _7\"></span>d its agre<span class=\"_ _7\"></span>ement to dive<span class=\"_ _7\"></span>st Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asia to Igni<span class=\"_ _7\"></span>te Thaila<span class=\"_ _7\"></span>nd Hol<span class=\"_ _7\"></span>dings L<span class=\"_ _7\"></span>imited. The trans<span class=\"_ _7\"></span>action re<span class=\"_ _7\"></span>mains s<span class=\"_ _7\"></span>ubjec<span class=\"_ _7\"></span>t to r<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>gulator<span class=\"_ _7\"></span>y app<span class=\"_ _7\"></span>roval. As such, the Di<span class=\"_ _7\"></span>rect<span class=\"_ _7\"></span>Asia b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss ha<span class=\"_ _7\"></span>s bee<span class=\"_ _7\"></span>n clas<span class=\"_ _7\"></span>sed as a di<span class=\"_ _7\"></span>sposa<span class=\"_ _7\"></span>l group h<span class=\"_ _7\"></span>eld for sa<span class=\"_ _7\"></span>le in the fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l statemen<span class=\"_ _7\"></span>ts. The dis<span class=\"_ _7\"></span>posal g<span class=\"_ _7\"></span>roup has b<span class=\"_ _7\"></span>een va<span class=\"_ _7\"></span>lued at i<span class=\"_ _7\"></span>ts expected re<span class=\"_ _7\"></span>coverab<span class=\"_ _7\"></span>le amo<span class=\"_ _7\"></span>unt, which ha<span class=\"_ _7\"></span>s resul<span class=\"_ _7\"></span>ted in a cha<span class=\"_ _7\"></span>rge of $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>8.5 million to ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expen<span class=\"_ _7\"></span>ses. Th<span class=\"_ _7\"></span>e Direc<span class=\"_ _7\"></span>tA<span class=\"_ _7\"></span>sia bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s is par<span class=\"_ _7\"></span>t of the reta<span class=\"_ _7\"></span>il ope<span class=\"_ _7\"></span>rating se<span class=\"_ _7\"></span>gment b<span class=\"_ _7\"></span>ut the as<span class=\"_ _7\"></span>sets,<span class=\"_ _9\"></span> lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s and re<span class=\"_ _7\"></span>sults of Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asia a<span class=\"_ _7\"></span>re not materia<span class=\"_ _7\"></span>l to t<span class=\"_ _9\"></span>he s<span class=\"_ _7\"></span>egme<span class=\"_ _7\"></span>nt. Assets he<span class=\"_ _7\"></span>ld for sal<span class=\"_ _7\"></span>e inclu<span class=\"_ _7\"></span>de reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>t held a<span class=\"_ _7\"></span>ssets and cash,<span class=\"_ _9\"></span> while liabilities held<span class=\"_ _9\"></span> for sale include i<span class=\"_ _9\"></span>nsurance contra<span class=\"_ _9\"></span>ct liabilities and t<span class=\"_ _9\"></span>rade and o<span class=\"_ _9\"></span>ther pa<span class=\"_ _9\"></span>yables.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-485": {
   "value": "8 Other income and operationa<span class=\"_ _7\"></span>l e<span class=\"_ _9\"></span>xpenses<span class=\"_ _304\"> </span><table class=\"s w36e hba\" id=\"_cd4cc44d-7741-412e-b3ee-3e4525e33772\"><tr><td></td><td></td><td class=\"t m0 x1fc h44 y2035 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1fb h43 y2036 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1ff h44 y2036 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2037 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y2037 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed2 w3ba h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls39 ws43\">Other income<span class=\"_ _304\"> </span></div></td><td class=\"c n x727 y1ed2 w201 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">9<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x728 y1ed2 w2f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">42.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2016 w3bb h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Staf<span class=\"_ _7\"></span>f costs<span class=\"_ _304\"> </span></div></td><td class=\"c n x729 y2016 w3bc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8a wsa0\">373<span class=\"_ _7\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x72a y2016 w35c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">3<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w3bd h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Depreciation<span class=\"_ _9\"></span>, amortisation and i<span class=\"_ _9\"></span>mpairment<span class=\"_ _304\"> </span></div></td><td class=\"c n x72b y1f86 w3be h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x72c y1f86 we1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">6<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w3bf h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls21 ws99\">Other<span class=\"_ _9\"></span> expens<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n x72d y1ed8 w3c0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">286.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x590 y1ed8 w254 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">26<span class=\"_ _7\"></span>9.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w3c1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d ws46\">Operational<span class=\"_ _9\"></span> expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n x72e y1e80 w370 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa9 ws106\">736<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x72f y1e80 w3c2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">6<span class=\"_ _7\"></span>43.3<span class=\"_ _304\"> </span></div></td></tr></table>Oth<span class=\"_ _7\"></span>er inco<span class=\"_ _7\"></span>me incl<span class=\"_ _7\"></span>udes m<span class=\"_ _7\"></span>anage<span class=\"_ _7\"></span>ment fe<span class=\"_ _7\"></span>es an<span class=\"_ _7\"></span>d is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d when th<span class=\"_ _7\"></span>e investme<span class=\"_ _7\"></span>nt manag<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ces a<span class=\"_ _7\"></span>re rende<span class=\"_ _7\"></span>red to the ILS fun<span class=\"_ _7\"></span>ds and c<span class=\"_ _7\"></span>ommis<span class=\"_ _7\"></span>sions pa<span class=\"_ _7\"></span>id to Group-<span class=\"_ _7\"></span>owned S<span class=\"_ _7\"></span>yndi<span class=\"_ _7\"></span>cate managi<span class=\"_ _7\"></span>ng age<span class=\"_ _7\"></span>nt by third-par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y Name<span class=\"_ _7\"></span>s. On 4 Ju<span class=\"_ _7\"></span>ly 2023<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup dis<span class=\"_ _7\"></span>posed of a<span class=\"_ _7\"></span>n investme<span class=\"_ _7\"></span>nt in asso<span class=\"_ _7\"></span>ciate, Media In<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce Broker<span class=\"_ _7\"></span>s Internatio<span class=\"_ _7\"></span>nal Ltd, f<span class=\"_ _9\"></span>or $<span class=\"_ _7\"></span>9<span class=\"_ _9\"></span>.5 mill<span class=\"_ _7\"></span>ion resu<span class=\"_ _7\"></span>lting in a ga<span class=\"_ _7\"></span>in of $4.<span class=\"_ _9\"></span>0 mil<span class=\"_ _7\"></span>lion al<span class=\"_ _7\"></span>so pres<span class=\"_ _7\"></span>ented in other i<span class=\"_ _7\"></span>ncome.<span class=\"_ _304\"> </span>Ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expe<span class=\"_ _7\"></span>nses co<span class=\"_ _7\"></span>mpri<span class=\"_ _7\"></span>se attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble expe<span class=\"_ _7\"></span>nses a<span class=\"_ _7\"></span>mountin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o $61<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>4 mil<span class=\"_ _7\"></span>lion (2022<span class=\"_ _9\"></span>: $57<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>.5 mill<span class=\"_ _7\"></span>ion) includ<span class=\"_ _7\"></span>ed with<span class=\"_ _7\"></span>in insu<span class=\"_ _7\"></span>rance s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>se, and non-at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses am<span class=\"_ _7\"></span>ounting to $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>5.5 million (2022<span class=\"_ _9\"></span>: $67<span class=\"_ _20\"></span>.8 milli<span class=\"_ _7\"></span>on) include<span class=\"_ _7\"></span>d withi<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>ot<span class=\"_ _9\"></span>her oper<span class=\"_ _9\"></span>ati<span class=\"_ _9\"></span>onal e<span class=\"_ _9\"></span>xpenses<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>otal o<span class=\"_ _7\"></span>peratio<span class=\"_ _7\"></span>nal exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s have been re<span class=\"_ _7\"></span>stated for the ye<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022 t<span class=\"_ _9\"></span>o in<span class=\"_ _7\"></span>clude re<span class=\"_ _7\"></span>clas<span class=\"_ _7\"></span>sific<span class=\"_ _7\"></span>ation from ac<span class=\"_ _7\"></span>quisi<span class=\"_ _7\"></span>tion costs u<span class=\"_ _7\"></span>nder IFR<span class=\"_ _7\"></span>S 1<span class=\"_ _a\"></span>7 and the i<span class=\"_ _7\"></span>mpact of IFRS 9 c<span class=\"_ _7\"></span>redit lo<span class=\"_ _7\"></span>ss impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt charg<span class=\"_ _7\"></span>es. Th<span class=\"_ _7\"></span>e restateme<span class=\"_ _7\"></span>nt resul<span class=\"_ _7\"></span>ts in an inc<span class=\"_ _7\"></span>rease of total ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expens<span class=\"_ _7\"></span>es by $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>0 mill<span class=\"_ _7\"></span>ion.<span class=\"_ _304\"> </span>On 27 Septembe<span class=\"_ _7\"></span>r 2023<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup ann<span class=\"_ _7\"></span>ounce<span class=\"_ _7\"></span>d its agre<span class=\"_ _7\"></span>ement to dive<span class=\"_ _7\"></span>st Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asia to Igni<span class=\"_ _7\"></span>te Thaila<span class=\"_ _7\"></span>nd Hol<span class=\"_ _7\"></span>dings L<span class=\"_ _7\"></span>imited. The trans<span class=\"_ _7\"></span>action re<span class=\"_ _7\"></span>mains s<span class=\"_ _7\"></span>ubjec<span class=\"_ _7\"></span>t to r<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>gulator<span class=\"_ _7\"></span>y app<span class=\"_ _7\"></span>roval. As such, the Di<span class=\"_ _7\"></span>rect<span class=\"_ _7\"></span>Asia b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss ha<span class=\"_ _7\"></span>s bee<span class=\"_ _7\"></span>n clas<span class=\"_ _7\"></span>sed as a di<span class=\"_ _7\"></span>sposa<span class=\"_ _7\"></span>l group h<span class=\"_ _7\"></span>eld for sa<span class=\"_ _7\"></span>le in the fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l statemen<span class=\"_ _7\"></span>ts. The dis<span class=\"_ _7\"></span>posal g<span class=\"_ _7\"></span>roup has b<span class=\"_ _7\"></span>een va<span class=\"_ _7\"></span>lued at i<span class=\"_ _7\"></span>ts expected re<span class=\"_ _7\"></span>coverab<span class=\"_ _7\"></span>le amo<span class=\"_ _7\"></span>unt, which ha<span class=\"_ _7\"></span>s resul<span class=\"_ _7\"></span>ted in a cha<span class=\"_ _7\"></span>rge of $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>8.5 million to ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expen<span class=\"_ _7\"></span>ses. Th<span class=\"_ _7\"></span>e Direc<span class=\"_ _7\"></span>tA<span class=\"_ _7\"></span>sia bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s is par<span class=\"_ _7\"></span>t of the reta<span class=\"_ _7\"></span>il ope<span class=\"_ _7\"></span>rating se<span class=\"_ _7\"></span>gment b<span class=\"_ _7\"></span>ut the as<span class=\"_ _7\"></span>sets,<span class=\"_ _9\"></span> lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s and re<span class=\"_ _7\"></span>sults of Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asia a<span class=\"_ _7\"></span>re not materia<span class=\"_ _7\"></span>l to t<span class=\"_ _9\"></span>he s<span class=\"_ _7\"></span>egme<span class=\"_ _7\"></span>nt. Assets he<span class=\"_ _7\"></span>ld for sal<span class=\"_ _7\"></span>e inclu<span class=\"_ _7\"></span>de reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>t held a<span class=\"_ _7\"></span>ssets and cash,<span class=\"_ _9\"></span> while liabilities held<span class=\"_ _9\"></span> for sale include i<span class=\"_ _9\"></span>nsurance contra<span class=\"_ _9\"></span>ct liabilities and t<span class=\"_ _9\"></span>rade and o<span class=\"_ _9\"></span>ther pa<span class=\"_ _9\"></span>yables.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-471": {
   "value": "8 Other income and operationa<span class=\"_ _7\"></span>l e<span class=\"_ _9\"></span>xpenses<span class=\"_ _304\"> </span><table class=\"s w36e hba\" id=\"_cd4cc44d-7741-412e-b3ee-3e4525e33772\"><tr><td></td><td></td><td class=\"t m0 x1fc h44 y2035 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1fb h43 y2036 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1ff h44 y2036 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2037 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y2037 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed2 w3ba h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls39 ws43\">Other income<span class=\"_ _304\"> </span></div></td><td class=\"c n x727 y1ed2 w201 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">9<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x728 y1ed2 w2f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">42.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2016 w3bb h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Staf<span class=\"_ _7\"></span>f costs<span class=\"_ _304\"> </span></div></td><td class=\"c n x729 y2016 w3bc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8a wsa0\">373<span class=\"_ _7\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x72a y2016 w35c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">3<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w3bd h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Depreciation<span class=\"_ _9\"></span>, amortisation and i<span class=\"_ _9\"></span>mpairment<span class=\"_ _304\"> </span></div></td><td class=\"c n x72b y1f86 w3be h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x72c y1f86 we1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">6<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w3bf h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls21 ws99\">Other<span class=\"_ _9\"></span> expens<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n x72d y1ed8 w3c0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">286.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x590 y1ed8 w254 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">26<span class=\"_ _7\"></span>9.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w3c1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d ws46\">Operational<span class=\"_ _9\"></span> expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n x72e y1e80 w370 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa9 ws106\">736<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x72f y1e80 w3c2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">6<span class=\"_ _7\"></span>43.3<span class=\"_ _304\"> </span></div></td></tr></table>Oth<span class=\"_ _7\"></span>er inco<span class=\"_ _7\"></span>me incl<span class=\"_ _7\"></span>udes m<span class=\"_ _7\"></span>anage<span class=\"_ _7\"></span>ment fe<span class=\"_ _7\"></span>es an<span class=\"_ _7\"></span>d is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d when th<span class=\"_ _7\"></span>e investme<span class=\"_ _7\"></span>nt manag<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ces a<span class=\"_ _7\"></span>re rende<span class=\"_ _7\"></span>red to the ILS fun<span class=\"_ _7\"></span>ds and c<span class=\"_ _7\"></span>ommis<span class=\"_ _7\"></span>sions pa<span class=\"_ _7\"></span>id to Group-<span class=\"_ _7\"></span>owned S<span class=\"_ _7\"></span>yndi<span class=\"_ _7\"></span>cate managi<span class=\"_ _7\"></span>ng age<span class=\"_ _7\"></span>nt by third-par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y Name<span class=\"_ _7\"></span>s. On 4 Ju<span class=\"_ _7\"></span>ly 2023<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup dis<span class=\"_ _7\"></span>posed of a<span class=\"_ _7\"></span>n investme<span class=\"_ _7\"></span>nt in asso<span class=\"_ _7\"></span>ciate, Media In<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce Broker<span class=\"_ _7\"></span>s Internatio<span class=\"_ _7\"></span>nal Ltd, f<span class=\"_ _9\"></span>or $<span class=\"_ _7\"></span>9<span class=\"_ _9\"></span>.5 mill<span class=\"_ _7\"></span>ion resu<span class=\"_ _7\"></span>lting in a ga<span class=\"_ _7\"></span>in of $4.<span class=\"_ _9\"></span>0 mil<span class=\"_ _7\"></span>lion al<span class=\"_ _7\"></span>so pres<span class=\"_ _7\"></span>ented in other i<span class=\"_ _7\"></span>ncome.<span class=\"_ _304\"> </span>Ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expe<span class=\"_ _7\"></span>nses co<span class=\"_ _7\"></span>mpri<span class=\"_ _7\"></span>se attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble expe<span class=\"_ _7\"></span>nses a<span class=\"_ _7\"></span>mountin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o $61<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>4 mil<span class=\"_ _7\"></span>lion (2022<span class=\"_ _9\"></span>: $57<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>.5 mill<span class=\"_ _7\"></span>ion) includ<span class=\"_ _7\"></span>ed with<span class=\"_ _7\"></span>in insu<span class=\"_ _7\"></span>rance s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>se, and non-at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses am<span class=\"_ _7\"></span>ounting to $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>5.5 million (2022<span class=\"_ _9\"></span>: $67<span class=\"_ _20\"></span>.8 milli<span class=\"_ _7\"></span>on) include<span class=\"_ _7\"></span>d withi<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>ot<span class=\"_ _9\"></span>her oper<span class=\"_ _9\"></span>ati<span class=\"_ _9\"></span>onal e<span class=\"_ _9\"></span>xpenses<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>otal o<span class=\"_ _7\"></span>peratio<span class=\"_ _7\"></span>nal exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s have been re<span class=\"_ _7\"></span>stated for the ye<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022 t<span class=\"_ _9\"></span>o in<span class=\"_ _7\"></span>clude re<span class=\"_ _7\"></span>clas<span class=\"_ _7\"></span>sific<span class=\"_ _7\"></span>ation from ac<span class=\"_ _7\"></span>quisi<span class=\"_ _7\"></span>tion costs u<span class=\"_ _7\"></span>nder IFR<span class=\"_ _7\"></span>S 1<span class=\"_ _a\"></span>7 and the i<span class=\"_ _7\"></span>mpact of IFRS 9 c<span class=\"_ _7\"></span>redit lo<span class=\"_ _7\"></span>ss impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt charg<span class=\"_ _7\"></span>es. Th<span class=\"_ _7\"></span>e restateme<span class=\"_ _7\"></span>nt resul<span class=\"_ _7\"></span>ts in an inc<span class=\"_ _7\"></span>rease of total ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expens<span class=\"_ _7\"></span>es by $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>0 mill<span class=\"_ _7\"></span>ion.<span class=\"_ _304\"> </span>On 27 Septembe<span class=\"_ _7\"></span>r 2023<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup ann<span class=\"_ _7\"></span>ounce<span class=\"_ _7\"></span>d its agre<span class=\"_ _7\"></span>ement to dive<span class=\"_ _7\"></span>st Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asia to Igni<span class=\"_ _7\"></span>te Thaila<span class=\"_ _7\"></span>nd Hol<span class=\"_ _7\"></span>dings L<span class=\"_ _7\"></span>imited. The trans<span class=\"_ _7\"></span>action re<span class=\"_ _7\"></span>mains s<span class=\"_ _7\"></span>ubjec<span class=\"_ _7\"></span>t to r<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>gulator<span class=\"_ _7\"></span>y app<span class=\"_ _7\"></span>roval. As such, the Di<span class=\"_ _7\"></span>rect<span class=\"_ _7\"></span>Asia b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss ha<span class=\"_ _7\"></span>s bee<span class=\"_ _7\"></span>n clas<span class=\"_ _7\"></span>sed as a di<span class=\"_ _7\"></span>sposa<span class=\"_ _7\"></span>l group h<span class=\"_ _7\"></span>eld for sa<span class=\"_ _7\"></span>le in the fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l statemen<span class=\"_ _7\"></span>ts. The dis<span class=\"_ _7\"></span>posal g<span class=\"_ _7\"></span>roup has b<span class=\"_ _7\"></span>een va<span class=\"_ _7\"></span>lued at i<span class=\"_ _7\"></span>ts expected re<span class=\"_ _7\"></span>coverab<span class=\"_ _7\"></span>le amo<span class=\"_ _7\"></span>unt, which ha<span class=\"_ _7\"></span>s resul<span class=\"_ _7\"></span>ted in a cha<span class=\"_ _7\"></span>rge of $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>8.5 million to ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expen<span class=\"_ _7\"></span>ses. Th<span class=\"_ _7\"></span>e Direc<span class=\"_ _7\"></span>tA<span class=\"_ _7\"></span>sia bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s is par<span class=\"_ _7\"></span>t of the reta<span class=\"_ _7\"></span>il ope<span class=\"_ _7\"></span>rating se<span class=\"_ _7\"></span>gment b<span class=\"_ _7\"></span>ut the as<span class=\"_ _7\"></span>sets,<span class=\"_ _9\"></span> lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s and re<span class=\"_ _7\"></span>sults of Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asia a<span class=\"_ _7\"></span>re not materia<span class=\"_ _7\"></span>l to t<span class=\"_ _9\"></span>he s<span class=\"_ _7\"></span>egme<span class=\"_ _7\"></span>nt. Assets he<span class=\"_ _7\"></span>ld for sal<span class=\"_ _7\"></span>e inclu<span class=\"_ _7\"></span>de reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>t held a<span class=\"_ _7\"></span>ssets and cash,<span class=\"_ _9\"></span> while liabilities held<span class=\"_ _9\"></span> for sale include i<span class=\"_ _9\"></span>nsurance contra<span class=\"_ _9\"></span>ct liabilities and t<span class=\"_ _9\"></span>rade and o<span class=\"_ _9\"></span>ther pa<span class=\"_ _9\"></span>yables.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-435": {
   "value": "8 Other income and operationa<span class=\"_ _7\"></span>l e<span class=\"_ _9\"></span>xpenses<span class=\"_ _304\"> </span><table class=\"s w36e hba\" id=\"_cd4cc44d-7741-412e-b3ee-3e4525e33772\"><tr><td></td><td></td><td class=\"t m0 x1fc h44 y2035 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1fb h43 y2036 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1ff h44 y2036 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2037 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y2037 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed2 w3ba h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls39 ws43\">Other income<span class=\"_ _304\"> </span></div></td><td class=\"c n x727 y1ed2 w201 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">9<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x728 y1ed2 w2f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">42.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2016 w3bb h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Staf<span class=\"_ _7\"></span>f costs<span class=\"_ _304\"> </span></div></td><td class=\"c n x729 y2016 w3bc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8a wsa0\">373<span class=\"_ _7\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x72a y2016 w35c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">3<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w3bd h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Depreciation<span class=\"_ _9\"></span>, amortisation and i<span class=\"_ _9\"></span>mpairment<span class=\"_ _304\"> </span></div></td><td class=\"c n x72b y1f86 w3be h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x72c y1f86 we1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">6<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w3bf h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls21 ws99\">Other<span class=\"_ _9\"></span> expens<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n x72d y1ed8 w3c0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">286.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x590 y1ed8 w254 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">26<span class=\"_ _7\"></span>9.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w3c1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d ws46\">Operational<span class=\"_ _9\"></span> expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n x72e y1e80 w370 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa9 ws106\">736<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x72f y1e80 w3c2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">6<span class=\"_ _7\"></span>43.3<span class=\"_ _304\"> </span></div></td></tr></table>Oth<span class=\"_ _7\"></span>er inco<span class=\"_ _7\"></span>me incl<span class=\"_ _7\"></span>udes m<span class=\"_ _7\"></span>anage<span class=\"_ _7\"></span>ment fe<span class=\"_ _7\"></span>es an<span class=\"_ _7\"></span>d is reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d when th<span class=\"_ _7\"></span>e investme<span class=\"_ _7\"></span>nt manag<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ces a<span class=\"_ _7\"></span>re rende<span class=\"_ _7\"></span>red to the ILS fun<span class=\"_ _7\"></span>ds and c<span class=\"_ _7\"></span>ommis<span class=\"_ _7\"></span>sions pa<span class=\"_ _7\"></span>id to Group-<span class=\"_ _7\"></span>owned S<span class=\"_ _7\"></span>yndi<span class=\"_ _7\"></span>cate managi<span class=\"_ _7\"></span>ng age<span class=\"_ _7\"></span>nt by third-par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y Name<span class=\"_ _7\"></span>s. On 4 Ju<span class=\"_ _7\"></span>ly 2023<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup dis<span class=\"_ _7\"></span>posed of a<span class=\"_ _7\"></span>n investme<span class=\"_ _7\"></span>nt in asso<span class=\"_ _7\"></span>ciate, Media In<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce Broker<span class=\"_ _7\"></span>s Internatio<span class=\"_ _7\"></span>nal Ltd, f<span class=\"_ _9\"></span>or $<span class=\"_ _7\"></span>9<span class=\"_ _9\"></span>.5 mill<span class=\"_ _7\"></span>ion resu<span class=\"_ _7\"></span>lting in a ga<span class=\"_ _7\"></span>in of $4.<span class=\"_ _9\"></span>0 mil<span class=\"_ _7\"></span>lion al<span class=\"_ _7\"></span>so pres<span class=\"_ _7\"></span>ented in other i<span class=\"_ _7\"></span>ncome.<span class=\"_ _304\"> </span>Ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expe<span class=\"_ _7\"></span>nses co<span class=\"_ _7\"></span>mpri<span class=\"_ _7\"></span>se attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble expe<span class=\"_ _7\"></span>nses a<span class=\"_ _7\"></span>mountin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o $61<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>4 mil<span class=\"_ _7\"></span>lion (2022<span class=\"_ _9\"></span>: $57<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>.5 mill<span class=\"_ _7\"></span>ion) includ<span class=\"_ _7\"></span>ed with<span class=\"_ _7\"></span>in insu<span class=\"_ _7\"></span>rance s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>se, and non-at<span class=\"_ _7\"></span>trib<span class=\"_ _7\"></span>utabl<span class=\"_ _7\"></span>e expen<span class=\"_ _7\"></span>ses am<span class=\"_ _7\"></span>ounting to $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>5.5 million (2022<span class=\"_ _9\"></span>: $67<span class=\"_ _20\"></span>.8 milli<span class=\"_ _7\"></span>on) include<span class=\"_ _7\"></span>d withi<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>ot<span class=\"_ _9\"></span>her oper<span class=\"_ _9\"></span>ati<span class=\"_ _9\"></span>onal e<span class=\"_ _9\"></span>xpenses<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>otal o<span class=\"_ _7\"></span>peratio<span class=\"_ _7\"></span>nal exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s have been re<span class=\"_ _7\"></span>stated for the ye<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022 t<span class=\"_ _9\"></span>o in<span class=\"_ _7\"></span>clude re<span class=\"_ _7\"></span>clas<span class=\"_ _7\"></span>sific<span class=\"_ _7\"></span>ation from ac<span class=\"_ _7\"></span>quisi<span class=\"_ _7\"></span>tion costs u<span class=\"_ _7\"></span>nder IFR<span class=\"_ _7\"></span>S 1<span class=\"_ _a\"></span>7 and the i<span class=\"_ _7\"></span>mpact of IFRS 9 c<span class=\"_ _7\"></span>redit lo<span class=\"_ _7\"></span>ss impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt charg<span class=\"_ _7\"></span>es. Th<span class=\"_ _7\"></span>e restateme<span class=\"_ _7\"></span>nt resul<span class=\"_ _7\"></span>ts in an inc<span class=\"_ _7\"></span>rease of total ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expens<span class=\"_ _7\"></span>es by $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>0 mill<span class=\"_ _7\"></span>ion.<span class=\"_ _304\"> </span>On 27 Septembe<span class=\"_ _7\"></span>r 2023<span class=\"_ _9\"></span>, the G<span class=\"_ _7\"></span>roup ann<span class=\"_ _7\"></span>ounce<span class=\"_ _7\"></span>d its agre<span class=\"_ _7\"></span>ement to dive<span class=\"_ _7\"></span>st Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asia to Igni<span class=\"_ _7\"></span>te Thaila<span class=\"_ _7\"></span>nd Hol<span class=\"_ _7\"></span>dings L<span class=\"_ _7\"></span>imited. The trans<span class=\"_ _7\"></span>action re<span class=\"_ _7\"></span>mains s<span class=\"_ _7\"></span>ubjec<span class=\"_ _7\"></span>t to r<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>gulator<span class=\"_ _7\"></span>y app<span class=\"_ _7\"></span>roval. As such, the Di<span class=\"_ _7\"></span>rect<span class=\"_ _7\"></span>Asia b<span class=\"_ _7\"></span>usine<span class=\"_ _7\"></span>ss ha<span class=\"_ _7\"></span>s bee<span class=\"_ _7\"></span>n clas<span class=\"_ _7\"></span>sed as a di<span class=\"_ _7\"></span>sposa<span class=\"_ _7\"></span>l group h<span class=\"_ _7\"></span>eld for sa<span class=\"_ _7\"></span>le in the fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l statemen<span class=\"_ _7\"></span>ts. The dis<span class=\"_ _7\"></span>posal g<span class=\"_ _7\"></span>roup has b<span class=\"_ _7\"></span>een va<span class=\"_ _7\"></span>lued at i<span class=\"_ _7\"></span>ts expected re<span class=\"_ _7\"></span>coverab<span class=\"_ _7\"></span>le amo<span class=\"_ _7\"></span>unt, which ha<span class=\"_ _7\"></span>s resul<span class=\"_ _7\"></span>ted in a cha<span class=\"_ _7\"></span>rge of $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>8.5 million to ope<span class=\"_ _7\"></span>rationa<span class=\"_ _7\"></span>l expen<span class=\"_ _7\"></span>ses. Th<span class=\"_ _7\"></span>e Direc<span class=\"_ _7\"></span>tA<span class=\"_ _7\"></span>sia bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s is par<span class=\"_ _7\"></span>t of the reta<span class=\"_ _7\"></span>il ope<span class=\"_ _7\"></span>rating se<span class=\"_ _7\"></span>gment b<span class=\"_ _7\"></span>ut the as<span class=\"_ _7\"></span>sets,<span class=\"_ _9\"></span> lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s and re<span class=\"_ _7\"></span>sults of Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asia a<span class=\"_ _7\"></span>re not materia<span class=\"_ _7\"></span>l to t<span class=\"_ _9\"></span>he s<span class=\"_ _7\"></span>egme<span class=\"_ _7\"></span>nt. Assets he<span class=\"_ _7\"></span>ld for sal<span class=\"_ _7\"></span>e inclu<span class=\"_ _7\"></span>de reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>t held a<span class=\"_ _7\"></span>ssets and cash,<span class=\"_ _9\"></span> while liabilities held<span class=\"_ _9\"></span> for sale include i<span class=\"_ _9\"></span>nsurance contra<span class=\"_ _9\"></span>ct liabilities and t<span class=\"_ _9\"></span>rade and o<span class=\"_ _9\"></span>ther pa<span class=\"_ _9\"></span>yables.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-486": {
   "value": "<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls39 ws43 gsca9\">9 Other finance costs<span class=\"_ _304\"> </span></div><div class=\"t m0 h44 ff5f fs28 fc2 sc0 ls14d ws1f8 gscaa\">Note<span class=\"_ _304\"> </span></div><div class=\"gscab\"><table class=\"s w3c3 hbb\" id=\"_2021b6f9-dcf5-4d42-b547-38deaae626f0\"><tr><td></td><td></td><td></td><td class=\"t m0 x1fc h44 y2038 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x1fb h43 y2039 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x730 h44 y2039 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x201 h43 y203a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x731 h44 y203a ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w3c4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Interest c<span class=\"_ _7\"></span>harge a<span class=\"_ _7\"></span>ssoc<span class=\"_ _7\"></span>iated with bo<span class=\"_ _7\"></span>rrowing<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x732 y1f87 w3c5 h94\"><div class=\"t m0 x1b6 he y1e7b ff5f fs28 fc2 sc0 lsd1 wsf8\">14<span class=\"_ _304\"> </span></div></td><td class=\"c n x733 y1f86 w225 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">3<span class=\"_ _7\"></span>9.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x734 y1f86 w256 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">3<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w3c6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls21 ws99\">Other<span class=\"_ _9\"></span> int<span class=\"_ _9\"></span>erest<span class=\"_ _9\"></span> expen<span class=\"_ _9\"></span>ses*<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x735 y1e8e wab h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x736 y1e8e w3c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w2bd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Oth<span class=\"_ _7\"></span>er fina<span class=\"_ _7\"></span>nce cos<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x737 y1e80 w102 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">50.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x738 y1e80 wbb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">3<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 h5 ff5f fs2 fc2 sc0 lsc wsc gscac\">* <span class=\"_ _e\"></span>Ot<span class=\"_ _7\"></span>her i<span class=\"_ _7\"></span>ntere<span class=\"_ _7\"></span>st exp<span class=\"_ _7\"></span>ens<span class=\"_ _7\"></span>es i<span class=\"_ _7\"></span>nclu<span class=\"_ _7\"></span>de<span class=\"_ _7\"></span>d intere<span class=\"_ _7\"></span>st o<span class=\"_ _7\"></span>n fun<span class=\"_ _7\"></span>ds wi<span class=\"_ _7\"></span>thhe<span class=\"_ _7\"></span>ld wh<span class=\"_ _7\"></span>ich i<span class=\"_ _7\"></span>s inc<span class=\"_ _7\"></span>lud<span class=\"_ _7\"></span>ed in i<span class=\"_ _7\"></span>nsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e fina<span class=\"_ _7\"></span>nc<span class=\"_ _7\"></span>e expe<span class=\"_ _7\"></span>nse<span class=\"_ _7\"></span>s und<span class=\"_ _7\"></span>er IF<span class=\"_ _7\"></span>RS 1<span class=\"_ _9\"></span>7<span class=\"_ _a\"></span>. Previ<span class=\"_ _7\"></span>ous<span class=\"_ _7\"></span>ly re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ted fi<span class=\"_ _7\"></span>nan<span class=\"_ _7\"></span>ce c<span class=\"_ _7\"></span>osts fo<span class=\"_ _7\"></span>r </div><div class=\"t m0 h5 ff5f fs2 fc2 sc0 lsc wsc gscad\">the ye<span class=\"_ _7\"></span>ar e<span class=\"_ _7\"></span>nde<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 2022 we<span class=\"_ _7\"></span>re $48<span class=\"_ _7\"></span>.<span class=\"_ _a\"></span>1 mi<span class=\"_ _7\"></span>llio<span class=\"_ _7\"></span>n.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-394": {
   "value": "9 Other finance costs<span class=\"_ _304\"> </span>Note<span class=\"_ _304\"> </span><table class=\"s w3c3 hbb\" id=\"_2021b6f9-dcf5-4d42-b547-38deaae626f0\"><tr><td></td><td></td><td></td><td class=\"t m0 x1fc h44 y2038 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x1fb h43 y2039 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x730 h44 y2039 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x201 h43 y203a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x731 h44 y203a ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w3c4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Interest c<span class=\"_ _7\"></span>harge a<span class=\"_ _7\"></span>ssoc<span class=\"_ _7\"></span>iated with bo<span class=\"_ _7\"></span>rrowing<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x732 y1f87 w3c5 h94\"><div class=\"t m0 x1b6 he y1e7b ff5f fs28 fc2 sc0 lsd1 wsf8\">14<span class=\"_ _304\"> </span></div></td><td class=\"c n x733 y1f86 w225 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">3<span class=\"_ _7\"></span>9.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x734 y1f86 w256 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">3<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w3c6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls21 ws99\">Other<span class=\"_ _9\"></span> int<span class=\"_ _9\"></span>erest<span class=\"_ _9\"></span> expen<span class=\"_ _9\"></span>ses*<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x735 y1e8e wab h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x736 y1e8e w3c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w2bd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Oth<span class=\"_ _7\"></span>er fina<span class=\"_ _7\"></span>nce cos<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x737 y1e80 w102 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">50.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x738 y1e80 wbb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">3<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr></table>* <span class=\"_ _e\"></span>Ot<span class=\"_ _7\"></span>her i<span class=\"_ _7\"></span>ntere<span class=\"_ _7\"></span>st exp<span class=\"_ _7\"></span>ens<span class=\"_ _7\"></span>es i<span class=\"_ _7\"></span>nclu<span class=\"_ _7\"></span>de<span class=\"_ _7\"></span>d intere<span class=\"_ _7\"></span>st o<span class=\"_ _7\"></span>n fun<span class=\"_ _7\"></span>ds wi<span class=\"_ _7\"></span>thhe<span class=\"_ _7\"></span>ld wh<span class=\"_ _7\"></span>ich i<span class=\"_ _7\"></span>s inc<span class=\"_ _7\"></span>lud<span class=\"_ _7\"></span>ed in i<span class=\"_ _7\"></span>nsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e fina<span class=\"_ _7\"></span>nc<span class=\"_ _7\"></span>e expe<span class=\"_ _7\"></span>nse<span class=\"_ _7\"></span>s und<span class=\"_ _7\"></span>er IF<span class=\"_ _7\"></span>RS 1<span class=\"_ _9\"></span>7<span class=\"_ _a\"></span>. Previ<span class=\"_ _7\"></span>ous<span class=\"_ _7\"></span>ly re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ted fi<span class=\"_ _7\"></span>nan<span class=\"_ _7\"></span>ce c<span class=\"_ _7\"></span>osts fo<span class=\"_ _7\"></span>r the ye<span class=\"_ _7\"></span>ar e<span class=\"_ _7\"></span>nde<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 2022 we<span class=\"_ _7\"></span>re $48<span class=\"_ _7\"></span>.<span class=\"_ _a\"></span>1 mi<span class=\"_ _7\"></span>llio<span class=\"_ _7\"></span>n.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-436": {
   "value": "9 Other finance costs<span class=\"_ _304\"> </span>Note<span class=\"_ _304\"> </span><table class=\"s w3c3 hbb\" id=\"_2021b6f9-dcf5-4d42-b547-38deaae626f0\"><tr><td></td><td></td><td></td><td class=\"t m0 x1fc h44 y2038 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x1fb h43 y2039 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x730 h44 y2039 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x201 h43 y203a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x731 h44 y203a ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w3c4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Interest c<span class=\"_ _7\"></span>harge a<span class=\"_ _7\"></span>ssoc<span class=\"_ _7\"></span>iated with bo<span class=\"_ _7\"></span>rrowing<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x732 y1f87 w3c5 h94\"><div class=\"t m0 x1b6 he y1e7b ff5f fs28 fc2 sc0 lsd1 wsf8\">14<span class=\"_ _304\"> </span></div></td><td class=\"c n x733 y1f86 w225 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">3<span class=\"_ _7\"></span>9.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x734 y1f86 w256 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">3<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w3c6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls21 ws99\">Other<span class=\"_ _9\"></span> int<span class=\"_ _9\"></span>erest<span class=\"_ _9\"></span> expen<span class=\"_ _9\"></span>ses*<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x735 y1e8e wab h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x736 y1e8e w3c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w2bd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Oth<span class=\"_ _7\"></span>er fina<span class=\"_ _7\"></span>nce cos<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x737 y1e80 w102 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">50.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x738 y1e80 wbb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">3<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr></table>* <span class=\"_ _e\"></span>Ot<span class=\"_ _7\"></span>her i<span class=\"_ _7\"></span>ntere<span class=\"_ _7\"></span>st exp<span class=\"_ _7\"></span>ens<span class=\"_ _7\"></span>es i<span class=\"_ _7\"></span>nclu<span class=\"_ _7\"></span>de<span class=\"_ _7\"></span>d intere<span class=\"_ _7\"></span>st o<span class=\"_ _7\"></span>n fun<span class=\"_ _7\"></span>ds wi<span class=\"_ _7\"></span>thhe<span class=\"_ _7\"></span>ld wh<span class=\"_ _7\"></span>ich i<span class=\"_ _7\"></span>s inc<span class=\"_ _7\"></span>lud<span class=\"_ _7\"></span>ed in i<span class=\"_ _7\"></span>nsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e fina<span class=\"_ _7\"></span>nc<span class=\"_ _7\"></span>e expe<span class=\"_ _7\"></span>nse<span class=\"_ _7\"></span>s und<span class=\"_ _7\"></span>er IF<span class=\"_ _7\"></span>RS 1<span class=\"_ _9\"></span>7<span class=\"_ _a\"></span>. Previ<span class=\"_ _7\"></span>ous<span class=\"_ _7\"></span>ly re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ted fi<span class=\"_ _7\"></span>nan<span class=\"_ _7\"></span>ce c<span class=\"_ _7\"></span>osts fo<span class=\"_ _7\"></span>r the ye<span class=\"_ _7\"></span>ar e<span class=\"_ _7\"></span>nde<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 2022 we<span class=\"_ _7\"></span>re $48<span class=\"_ _7\"></span>.<span class=\"_ _a\"></span>1 mi<span class=\"_ _7\"></span>llio<span class=\"_ _7\"></span>n.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-472": {
   "value": "9 Other finance costs<span class=\"_ _304\"> </span>Note<span class=\"_ _304\"> </span><table class=\"s w3c3 hbb\" id=\"_2021b6f9-dcf5-4d42-b547-38deaae626f0\"><tr><td></td><td></td><td></td><td class=\"t m0 x1fc h44 y2038 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x1fb h43 y2039 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x730 h44 y2039 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x201 h43 y203a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x731 h44 y203a ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w3c4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Interest c<span class=\"_ _7\"></span>harge a<span class=\"_ _7\"></span>ssoc<span class=\"_ _7\"></span>iated with bo<span class=\"_ _7\"></span>rrowing<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x732 y1f87 w3c5 h94\"><div class=\"t m0 x1b6 he y1e7b ff5f fs28 fc2 sc0 lsd1 wsf8\">14<span class=\"_ _304\"> </span></div></td><td class=\"c n x733 y1f86 w225 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">3<span class=\"_ _7\"></span>9.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x734 y1f86 w256 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">3<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w3c6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls21 ws99\">Other<span class=\"_ _9\"></span> int<span class=\"_ _9\"></span>erest<span class=\"_ _9\"></span> expen<span class=\"_ _9\"></span>ses*<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x735 y1e8e wab h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x736 y1e8e w3c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w2bd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Oth<span class=\"_ _7\"></span>er fina<span class=\"_ _7\"></span>nce cos<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x737 y1e80 w102 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">50.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x738 y1e80 wbb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">3<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr></table>* <span class=\"_ _e\"></span>Ot<span class=\"_ _7\"></span>her i<span class=\"_ _7\"></span>ntere<span class=\"_ _7\"></span>st exp<span class=\"_ _7\"></span>ens<span class=\"_ _7\"></span>es i<span class=\"_ _7\"></span>nclu<span class=\"_ _7\"></span>de<span class=\"_ _7\"></span>d intere<span class=\"_ _7\"></span>st o<span class=\"_ _7\"></span>n fun<span class=\"_ _7\"></span>ds wi<span class=\"_ _7\"></span>thhe<span class=\"_ _7\"></span>ld wh<span class=\"_ _7\"></span>ich i<span class=\"_ _7\"></span>s inc<span class=\"_ _7\"></span>lud<span class=\"_ _7\"></span>ed in i<span class=\"_ _7\"></span>nsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e fina<span class=\"_ _7\"></span>nc<span class=\"_ _7\"></span>e expe<span class=\"_ _7\"></span>nse<span class=\"_ _7\"></span>s und<span class=\"_ _7\"></span>er IF<span class=\"_ _7\"></span>RS 1<span class=\"_ _9\"></span>7<span class=\"_ _a\"></span>. Previ<span class=\"_ _7\"></span>ous<span class=\"_ _7\"></span>ly re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ted fi<span class=\"_ _7\"></span>nan<span class=\"_ _7\"></span>ce c<span class=\"_ _7\"></span>osts fo<span class=\"_ _7\"></span>r the ye<span class=\"_ _7\"></span>ar e<span class=\"_ _7\"></span>nde<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 2022 we<span class=\"_ _7\"></span>re $48<span class=\"_ _7\"></span>.<span class=\"_ _a\"></span>1 mi<span class=\"_ _7\"></span>llio<span class=\"_ _7\"></span>n.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-395": {
   "value": "<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls39 ws43 gscaf\">1<span class=\"_ _9\"></span>0 A<span class=\"_ _9\"></span>uditor\u2019<span class=\"_ _9\"></span>s remuner<span class=\"_ _7\"></span>ation<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscb0\">Fees p<span class=\"_ _7\"></span>ayable to the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s extern<span class=\"_ _7\"></span>al audi<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>or<span class=\"_ _9\"></span>, PwC, its mem<span class=\"_ _7\"></span>ber fir<span class=\"_ _7\"></span>ms and i<span class=\"_ _7\"></span>ts asso<span class=\"_ _7\"></span>ciates (ex<span class=\"_ _9\"></span>clu<span class=\"_ _7\"></span>sive of V<span class=\"_ _9\"></span>A<span class=\"_ _a\"></span>T<span class=\"_ _7\"></span>) inc<span class=\"_ _7\"></span>lude the fo<span class=\"_ _7\"></span>llowing </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscb1\">amo<span class=\"_ _7\"></span>unts reco<span class=\"_ _7\"></span>rded in the c<span class=\"_ _7\"></span>onsol<span class=\"_ _7\"></span>idated inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt:<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls74 ws82 gscb2\">Gro<span class=\"_ _7\"></span>up<span class=\"_ _304\"> </span></div><div class=\"gscb3\"><table class=\"s w23c ha1\" id=\"_641d2b33-0aab-4617-a896-21caa2e3aaf0\"><tr><td></td><td class=\"t m0 x1fb h43 y1f5e ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y1f5e ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y203b ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x731 h44 y203b ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 he y1f60 ff5f fs7 fc2 sc0 ls38 ws41\">Amo<span class=\"_ _7\"></span>unts rece<span class=\"_ _7\"></span>ivabl<span class=\"_ _7\"></span>e by the auditors a<span class=\"_ _7\"></span>nd its as<span class=\"_ _7\"></span>soci<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>es i<span class=\"_ _7\"></span>n respe<span class=\"_ _7\"></span>ct of:<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2016 w3c8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">The auditing<span class=\"_ _9\"></span> of the<span class=\"_ _9\"></span> accounts o<span class=\"_ _9\"></span>f the Gr<span class=\"_ _9\"></span>oup and its<span class=\"_ _9\"></span> subsidiaries<span class=\"_ _304\"> </span></div></td><td class=\"c n x739 y2016 w3c9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">6.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x73a y2016 w39 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w3ca h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">All a<span class=\"_ _7\"></span>udit-related ass<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ces<span class=\"_ _304\"> </span></div></td><td class=\"c n x73b y1f86 w3cb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">0.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x73c y1f86 w110 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w3cc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">All other non<span class=\"_ _9\"></span>-audit ser<span class=\"_ _7\"></span>vices<span class=\"_ _304\"> </span></div></td><td class=\"c n x73d y1ed8 wed h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x73e y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x73f y1e80 wa3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x740 y1e80 w110 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">5.9<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscb4\">Fees fo<span class=\"_ _7\"></span>r the audi<span class=\"_ _7\"></span>ting of the Grou<span class=\"_ _7\"></span>p and its su<span class=\"_ _7\"></span>bsidi<span class=\"_ _7\"></span>arie<span class=\"_ _7\"></span>s in 2023 includ<span class=\"_ _7\"></span>e audit wor<span class=\"_ _7\"></span>k relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o the im<span class=\"_ _7\"></span>plem<span class=\"_ _7\"></span>entation of IFR<span class=\"_ _7\"></span>S<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>7 </div><div class=\"t m0 he ff68 fs7 fc2 sc0 ls39 ws43 gscb5\">Insurance Con<span class=\"_ _9\"></span>tracts <span class=\"ff5f ls38 ws41\">of $<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.8<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mil<span class=\"_ _7\"></span>lion (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.6<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>e full au<span class=\"_ _7\"></span>dit fee payab<span class=\"_ _7\"></span>le for the Sy<span class=\"_ _7\"></span>ndic<span class=\"_ _7\"></span>ate<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>33 and Sy<span class=\"_ _7\"></span>ndic<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>61<span class=\"_ _a\"></span>0<span class=\"_ _7\"></span>4 <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscb6\">audi<span class=\"_ _7\"></span>t has be<span class=\"_ _7\"></span>en inc<span class=\"_ _7\"></span>luded a<span class=\"_ _7\"></span>bove, althoug<span class=\"_ _7\"></span>h an ele<span class=\"_ _7\"></span>ment of this i<span class=\"_ _7\"></span>s born<span class=\"_ _7\"></span>e by the third-par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y par<span class=\"_ _7\"></span>tic<span class=\"_ _7\"></span>ipants in th<span class=\"_ _7\"></span>e Synd<span class=\"_ _7\"></span>icate.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-437": {
   "value": "<div class=\"gscb8\"><table class=\"s w3cd hbc\" id=\"_b1599f74-600a-4d0b-9f33-3d5271ef8064\"><tr><td></td><td></td><td></td><td class=\"t m0 x741 h44 y203c ff5f fs28 fc2 sc0 ls14d ws1f8\">Sta<span class=\"_ _7\"></span>te<span class=\"_ _304\"> </span></td><td class=\"t m0 x491 h44 y203c ff5f fs28 fc2 sc0 lse4 ws15d\">Sof<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ware a<span class=\"_ _7\"></span>nd<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x742 h44 y203d ff5f fs28 fc2 sc0 lsed ws17b\">Syndicate<span class=\"_ _304\"> </span></td><td class=\"t m0 x6f1 h44 y203d ff5f fs28 fc2 sc0 lse6 ws12d\">authorisation<span class=\"_ _304\"> </span></td><td class=\"t m0 x491 h44 y203d ff5f fs28 fc2 sc0 lsed ws17b\">development<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x743 h44 y203e ff5f fs28 fc2 sc0 lsf3 ws13f\">Goodwill</td><td class=\"t m0 x481 h44 y203e ff5f fs28 fc2 sc0 ls10a ws245\"> capacity </td><td class=\"t m0 x744 h44 y203e ff5f fs28 fc2 sc0 lsed ws17b\">licences </td><td class=\"t m0 x6f5 h44 y203e ff5f fs28 fc2 sc0 ls3 ws90\">costs<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e0 h44 y203e ff5f fs28 fc2 sc0 ls3 ws90\">Other<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y203e ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x41d h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41e h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y2040 ff5f fs7 fc2 sc0 ls38 ws41\">At 1 Janua<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y 2022<span class=\"_ _9\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2041 w3ce h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">Cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x745 y2041 w3cf h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x746 y2041 w248 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x747 y2041 w3d0 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">8.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x748 y2041 w385 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">38<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x749 y2041 w163 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">20.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x74a y2041 w3d1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">4<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2042 w3d2 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accu<span class=\"_ _7\"></span>mulated am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tisation a<span class=\"_ _7\"></span>nd impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n x74b y2042 w3d3 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.2<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x74c y2042 w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x74d y2042 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x74e y2042 w3d4 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>1<span class=\"_ _7\"></span>2<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x74f y2042 w3d5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">(15<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x750 y2042 w365 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2043 w3d6 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x751 y2043 w3d7 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">8.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x752 y2043 w248 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x753 y2043 w3d0 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">8.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x754 y2043 w42 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">25<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x755 y2043 w7d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x756 y2043 w1b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2044 ff5f fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2045 w3d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x751 y2045 w3d7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">8.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x757 y2045 w248 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"> </span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x758 y2045 w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x759 y2045 w3da h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">25<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x75a y2045 w7d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x75b y2045 w1b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2046 w3db h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Additions<span class=\"_ _304\"> </span></div></td><td class=\"c n x75c y2046 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75d y2046 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75e y2046 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75f y2046 w33f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">59.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x760 y2046 w3dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x761 y2046 wad h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">6<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2047 w3dd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws98\">Disposa<span class=\"_ _7\"></span>ls<span class=\"_ _304\"> </span></div></td><td class=\"c n x762 y2047 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x763 y2047 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x764 y2047 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x765 y2047 w3de h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x766 y2047 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x767 y2047 w3df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2048 w3e0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x768 y2048 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x769 y2048 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x76a y2048 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x76b y2048 wce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(35.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x76c y2048 w148 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x76d y2048 w3e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ffd w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n x76e y1ffd w3e3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(0.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x76f y1ffd w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x770 y1ffd w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x771 y1ffd w2b1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x772 y1ffd w311 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>0.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x773 y1ffd w3e4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">(16<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2049 w3e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing net book<span class=\"_ _9\"></span> amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x774 y2049 w3c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x775 y2049 wa1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x776 y2049 w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x777 y2049 w3e6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">266.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x778 y2049 w3e7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x779 y2049 w3e8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">32<span class=\"_ _7\"></span>0.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y204a ff5f fs7 fc2 sc0 ls38 ws41\">At 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2022  </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y204b w3ce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">Cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x77a y204b w3e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x77b y204b wa1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x77c y204b w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x77d y204b w254 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">40<span class=\"_ _7\"></span>9.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x77e y204b w6c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">2<span class=\"_ _7\"></span>0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x77f y204b w29b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">4<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y204c w3d2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accu<span class=\"_ _7\"></span>mulated am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tisation a<span class=\"_ _7\"></span>nd impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n x780 y204c w3ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(2.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x46e y204c w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x46f y204c w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x781 y204c w365 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x782 y204c w3d5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">(15<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x783 y204c w3eb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(1<span class=\"_ _a\"></span>61<span class=\"_ _a\"></span>.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y204d w3d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x784 y204d w3c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x785 y204d w3ec h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x786 y204d w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x787 y204d w3e6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">266.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x788 y204d w3e7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x789 y204d w3e8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">32<span class=\"_ _7\"></span>0.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y204e ff64 fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar ende<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y204f w3d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x78a y204f wa3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x78b y204f w3ed h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x78c y204f w3d9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">8<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x78d y204f w320 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">26<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x78e y204f w3d9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">4.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x78f y204f w226 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">320.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2050 w3db h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Additions<span class=\"_ _304\"> </span></div></td><td class=\"c n x75c y2050 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75d y2050 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75e y2050 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75f y2050 w17b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">42.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x790 y2050 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x791 y2050 w230 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">4<span class=\"_ _7\"></span>2.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2051 w3e0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x768 y2051 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x769 y2051 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x76a y2051 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x792 y2051 w3ee h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"> </span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x793 y2051 w3ef h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x794 y2051 w3f0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6e ws120\">(38.9)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2052 w3f1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d ws46\">Impairment ch<span class=\"_ _9\"></span>arge*<span class=\"_ _304\"> </span></div></td><td class=\"c n x795 y2052 wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x796 y2052 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x797 y2052 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x798 y2052 w3f2 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(6.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n x799 y2052 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x79a y2052 w3f3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(6.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2053 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n x79b y2053 w3f4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">0.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x79c y2053 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x79d y2053 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x79e y2053 wee h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">5<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x79f y2053 w179 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x5e4 y2053 w179 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">5.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2054 w3e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing net book<span class=\"_ _9\"></span> amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a0 y2054 w3c9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a1 y2054 w6e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a2 y2054 w3f5 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a3 y2054 w2c3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x78e y2054 w3f6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a4 y2054 w217 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">323.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y2055 ff64 fs7 fc2 sc0 ls38 ws41\">At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cembe<span class=\"_ _7\"></span>r 2023<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f86 w3ce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">Cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x77a y1f86 w3f7 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a5 y1f86 w3f8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a6 y1f86 w2b6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a7 y1f86 w208 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">46<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a8 y1f86 w5d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">23.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a9 y1f86 w15a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">5<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w3d2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accu<span class=\"_ _7\"></span>mulated am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tisation a<span class=\"_ _7\"></span>nd impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n x7aa y1e8e w3f9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>2.6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ab y1e8e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ac y1e8e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ad y1e8e w3fa h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>9<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ae y1e8e w3fb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">(20.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7af y1e8e w3fc h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>19<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w3d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b0 y1e80 w3fd h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b1 y1e80 w6e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b2 y1e80 w3c9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b3 y1e80 w21c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x73b y1e80 w3fe h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b4 y1e80 w217 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">323.9<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 h5 ff5f fs2 fc2 sc0 lsc wsc gscb9\">*T<span class=\"_ _7\"></span>he imp<span class=\"_ _7\"></span>air<span class=\"_ _7\"></span>me<span class=\"_ _7\"></span>nt cha<span class=\"_ _7\"></span>rge fo<span class=\"_ _7\"></span>r the ye<span class=\"_ _7\"></span>ar re<span class=\"_ _7\"></span>late<span class=\"_ _7\"></span>s to Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asi<span class=\"_ _7\"></span>a bus<span class=\"_ _7\"></span>ine<span class=\"_ _7\"></span>ss c<span class=\"_ _7\"></span>las<span class=\"_ _7\"></span>sed a<span class=\"_ _7\"></span>s a dis<span class=\"_ _7\"></span>pos<span class=\"_ _7\"></span>al gro<span class=\"_ _7\"></span>up he<span class=\"_ _7\"></span>ld fo<span class=\"_ _7\"></span>r sal<span class=\"_ _7\"></span>e.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls7c ws98 gscba\">Goodwill<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscbb\">Goo<span class=\"_ _7\"></span>dwill i<span class=\"_ _7\"></span>s alloc<span class=\"_ _7\"></span>ated to t<span class=\"_ _9\"></span>he G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s ca<span class=\"_ _7\"></span>sh-g<span class=\"_ _7\"></span>ener<span class=\"_ _7\"></span>ating units (CGU<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>) ide<span class=\"_ _7\"></span>ntifie<span class=\"_ _7\"></span>d accordi<span class=\"_ _7\"></span>ng to the small<span class=\"_ _7\"></span>est id<span class=\"_ _7\"></span>entifia<span class=\"_ _7\"></span>ble uni<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o wh<span class=\"_ _7\"></span>ich <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscbc\">cas<span class=\"_ _7\"></span>h flows are ge<span class=\"_ _7\"></span>nerated. $7<span class=\"_ _20\"></span>.4<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>m<span class=\"_ _7\"></span>illion (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$7<span class=\"_ _20\"></span>.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n) is alloc<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed to the L<span class=\"_ _7\"></span>loyd<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s cor<span class=\"_ _7\"></span>porate mem<span class=\"_ _7\"></span>ber e<span class=\"_ _7\"></span>ntity C<span class=\"_ _7\"></span>GU and $<span class=\"_ _7\"></span>0<span class=\"_ _9\"></span>.8<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mil<span class=\"_ _7\"></span>lion<span class=\"_ _304\"> </span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscbd\">(202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$0.8<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>) is al<span class=\"_ _7\"></span>located to the CGUs w<span class=\"_ _7\"></span>ithin the H<span class=\"_ _7\"></span>iscox Retai<span class=\"_ _7\"></span>l busin<span class=\"_ _7\"></span>ess se<span class=\"_ _7\"></span>gme<span class=\"_ _7\"></span>nt. Goodw<span class=\"_ _7\"></span>ill is con<span class=\"_ _7\"></span>side<span class=\"_ _7\"></span>red to have an<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscbe\">inde<span class=\"_ _7\"></span>finite life an<span class=\"_ _7\"></span>d as such i<span class=\"_ _7\"></span>s tested annu<span class=\"_ _7\"></span>ally for i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment ba<span class=\"_ _7\"></span>sed on the re<span class=\"_ _7\"></span>covera<span class=\"_ _7\"></span>ble amo<span class=\"_ _7\"></span>unt whi<span class=\"_ _7\"></span>ch is con<span class=\"_ _7\"></span>sidere<span class=\"_ _7\"></span>d to be the high<span class=\"_ _7\"></span>er<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscbf\">of the fair va<span class=\"_ _7\"></span>lue, les<span class=\"_ _7\"></span>s cost to sell o<span class=\"_ _7\"></span>r value in u<span class=\"_ _7\"></span>se. Durin<span class=\"_ _7\"></span>g 202<span class=\"_ _9\"></span>3, there wa<span class=\"_ _7\"></span>s no impai<span class=\"_ _7\"></span>rme<span class=\"_ _7\"></span>nt charg<span class=\"_ _7\"></span>e on good<span class=\"_ _7\"></span>will (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$nil<span class=\"_ _7\"></span>)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscc0\">V<span class=\"_ _9\"></span>alu<span class=\"_ _7\"></span>e in use is c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered to be the b<span class=\"_ _7\"></span>est ind<span class=\"_ _7\"></span>ication of the re<span class=\"_ _7\"></span>coverab<span class=\"_ _7\"></span>le amo<span class=\"_ _7\"></span>unt for goo<span class=\"_ _7\"></span>dwill. Value in us<span class=\"_ _7\"></span>e calcu<span class=\"_ _7\"></span>lations a<span class=\"_ _7\"></span>re per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>med<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws48 gscc1\">usin<span class=\"_ _7\"></span>g cas<span class=\"_ _7\"></span>h flow proje<span class=\"_ _7\"></span>ctions b<span class=\"_ _7\"></span>ased o<span class=\"_ _7\"></span>n finan<span class=\"_ _7\"></span>cial fo<span class=\"_ _7\"></span>recas<span class=\"_ _7\"></span>ts. A discount fact<span class=\"_ _9\"></span>or<span class=\"_ _a\"></span>, base<span class=\"_ _7\"></span>d on a w<span class=\"_ _9\"></span>eighted average cost of capital (<span class=\"_ _7\"></span>W<span class=\"_ _9\"></span>A<span class=\"_ _9\"></span>CC)<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws41 gscc2\">for the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>, of 1<span class=\"_ _9\"></span>0.<span class=\"_ _9\"></span>0% t<span class=\"_ _9\"></span>o 1<span class=\"_ _9\"></span>0.3<span class=\"_ _9\"></span>%, depe<span class=\"_ _7\"></span>nding o<span class=\"_ _7\"></span>n the unde<span class=\"_ _7\"></span>rly<span class=\"_ _7\"></span>ing cu<span class=\"_ _7\"></span>rre<span class=\"_ _7\"></span>ncy <span class=\"_ _7\"></span>(2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.0% t<span class=\"_ _9\"></span>o 1<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.5<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span>), has <span class=\"_ _7\"></span>bee<span class=\"_ _7\"></span>n a<span class=\"_ _7\"></span>ppli<span class=\"_ _7\"></span>ed to th<span class=\"_ _7\"></span>e c<span class=\"_ _7\"></span>ash fl<span class=\"_ _7\"></span>ow<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscc3\">proje<span class=\"_ _7\"></span>ctions to deter<span class=\"_ _7\"></span>mine the n<span class=\"_ _7\"></span>et prese<span class=\"_ _7\"></span>nt value. Th<span class=\"_ _7\"></span>e outcome of the va<span class=\"_ _7\"></span>lue in us<span class=\"_ _7\"></span>e calcu<span class=\"_ _7\"></span>lation is m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>red agai<span class=\"_ _7\"></span>nst the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g value<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscc4\">of the ass<span class=\"_ _7\"></span>et and, whe<span class=\"_ _7\"></span>re the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>ying va<span class=\"_ _7\"></span>lue is in exce<span class=\"_ _7\"></span>ss of the valu<span class=\"_ _7\"></span>e in use, the ass<span class=\"_ _7\"></span>et is wri<span class=\"_ _7\"></span>tten dow<span class=\"_ _7\"></span>n t<span class=\"_ _9\"></span>o this a<span class=\"_ _7\"></span>mount.<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3d ws46 gscc5\">Impairment assessment<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscc6\">T<span class=\"_ _a\"></span>o test the s<span class=\"_ _7\"></span>ensi<span class=\"_ _7\"></span>tivit<span class=\"_ _7\"></span>y of the as<span class=\"_ _7\"></span>sess<span class=\"_ _7\"></span>ment, mana<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt flexed the key assu<span class=\"_ _7\"></span>mptions wi<span class=\"_ _7\"></span>thin a rea<span class=\"_ _7\"></span>sonab<span class=\"_ _7\"></span>ly expe<span class=\"_ _7\"></span>cted rang<span class=\"_ _7\"></span>e. Within thi<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscc7\">rang<span class=\"_ _7\"></span>e, goodw<span class=\"_ _7\"></span>ill and othe<span class=\"_ _7\"></span>r intang<span class=\"_ _7\"></span>ible as<span class=\"_ _7\"></span>sets rec<span class=\"_ _7\"></span>overies we<span class=\"_ _7\"></span>re stress tes<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed a<span class=\"_ _7\"></span>nd rema<span class=\"_ _7\"></span>in supp<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tabl<span class=\"_ _7\"></span>e across a<span class=\"_ _7\"></span>ll cas<span class=\"_ _7\"></span>h-ge<span class=\"_ _7\"></span>neratin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gscc8\">units or<span class=\"_ _9\"></span> assets.<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls39 ws43 gscc9\">Intangible asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscca\">All i<span class=\"_ _7\"></span>ntangi<span class=\"_ _7\"></span>ble as<span class=\"_ _7\"></span>sets have a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>finite usef<span class=\"_ _7\"></span>ul life except for th<span class=\"_ _7\"></span>e Synd<span class=\"_ _7\"></span>icate capa<span class=\"_ _7\"></span>cit<span class=\"_ _7\"></span>y and US state au<span class=\"_ _7\"></span>thoris<span class=\"_ _7\"></span>ation lic<span class=\"_ _7\"></span>ence<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls38 ws41 gsccb\">1<span class=\"_ _a\"></span>1 Go<span class=\"_ _7\"></span>odwil<span class=\"_ _7\"></span>l and in<span class=\"_ _7\"></span>tan<span class=\"_ _7\"></span>gible a<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gsccd\">(a) Syndi<span class=\"_ _7\"></span>cate capac<span class=\"_ _7\"></span>ity<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscce\">The c<span class=\"_ _7\"></span>ost of purch<span class=\"_ _7\"></span>asing th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ticipati<span class=\"_ _7\"></span>on in the Ll<span class=\"_ _7\"></span>oyd<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s insur<span class=\"_ _7\"></span>ance sy<span class=\"_ _7\"></span>ndic<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s is not amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed, but is tested a<span class=\"_ _7\"></span>nnual<span class=\"_ _7\"></span>ly for </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsccf\">impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt and is c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at co<span class=\"_ _7\"></span>st les<span class=\"_ _7\"></span>s accumu<span class=\"_ _7\"></span>lated impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt loss<span class=\"_ _7\"></span>es. Havin<span class=\"_ _7\"></span>g consi<span class=\"_ _7\"></span>dered th<span class=\"_ _7\"></span>e future p<span class=\"_ _7\"></span>rospec<span class=\"_ _7\"></span>ts of the London </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscd0\">insu<span class=\"_ _7\"></span>rance m<span class=\"_ _7\"></span>arket, the Board b<span class=\"_ _7\"></span>elieves th<span class=\"_ _7\"></span>at the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s owners<span class=\"_ _7\"></span>hip of Sy<span class=\"_ _7\"></span>ndicate ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y will p<span class=\"_ _7\"></span>rovide e<span class=\"_ _7\"></span>conom<span class=\"_ _7\"></span>ic ben<span class=\"_ _7\"></span>efits over an </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscd1\">inde<span class=\"_ _7\"></span>finite numb<span class=\"_ _7\"></span>er of futu<span class=\"_ _7\"></span>re peri<span class=\"_ _7\"></span>ods. Th<span class=\"_ _7\"></span>is assu<span class=\"_ _7\"></span>mption is revi<span class=\"_ _7\"></span>ewed ann<span class=\"_ _7\"></span>ually to deter<span class=\"_ _7\"></span>mine wh<span class=\"_ _7\"></span>ether the a<span class=\"_ _7\"></span>sset co<span class=\"_ _7\"></span>ntinue<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o have an </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3c ws45 gscd2\">indefinite l<span class=\"_ _9\"></span>ife.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscd3\">The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s int<span class=\"_ _7\"></span>angib<span class=\"_ _7\"></span>le ass<span class=\"_ _7\"></span>et relating to Sy<span class=\"_ _7\"></span>ndicate ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y has b<span class=\"_ _7\"></span>een a<span class=\"_ _7\"></span>llocated, for im<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>ment testin<span class=\"_ _7\"></span>g purpo<span class=\"_ _7\"></span>ses, to one <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscd4\">indi<span class=\"_ _7\"></span>vidu<span class=\"_ _7\"></span>al CGU, being th<span class=\"_ _7\"></span>e active Lloyd\u2019<span class=\"_ _9\"></span>s corp<span class=\"_ _7\"></span>orate memb<span class=\"_ _7\"></span>er enti<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>. The a<span class=\"_ _7\"></span>sset is tested a<span class=\"_ _7\"></span>nnual<span class=\"_ _7\"></span>ly for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt base<span class=\"_ _7\"></span>d on its </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscd5\">recover<span class=\"_ _7\"></span>able a<span class=\"_ _7\"></span>mount w<span class=\"_ _7\"></span>hich is c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered to be the hi<span class=\"_ _7\"></span>gher of the a<span class=\"_ _7\"></span>sset\u2019<span class=\"_ _9\"></span>s fair va<span class=\"_ _7\"></span>lue le<span class=\"_ _7\"></span>ss cos<span class=\"_ _7\"></span>ts t<span class=\"_ _9\"></span>o se<span class=\"_ _7\"></span>ll or its valu<span class=\"_ _7\"></span>e in use. Th<span class=\"_ _7\"></span>e value </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscd6\">in use i<span class=\"_ _7\"></span>s determi<span class=\"_ _7\"></span>ned usi<span class=\"_ _7\"></span>ng cas<span class=\"_ _7\"></span>h flow projec<span class=\"_ _7\"></span>tions ba<span class=\"_ _7\"></span>sed on bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss pla<span class=\"_ _7\"></span>ns approved by ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>ment a<span class=\"_ _7\"></span>nd disco<span class=\"_ _7\"></span>unted at the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscd7\">app<span class=\"_ _7\"></span>licab<span class=\"_ _7\"></span>le W<span class=\"_ _9\"></span>ACC rate. A<span class=\"_ _9\"></span>t 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2023, the value in u<span class=\"_ _7\"></span>se or the fa<span class=\"_ _7\"></span>ir value l<span class=\"_ _7\"></span>ess co<span class=\"_ _7\"></span>st to sell exceed<span class=\"_ _7\"></span>ed the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng value of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscd8\">Syn<span class=\"_ _7\"></span>dicate ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d on the ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e sheet.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gscd9\">(b) US state author<span class=\"_ _7\"></span>isation l<span class=\"_ _7\"></span>icen<span class=\"_ _7\"></span>ces<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscda\">In 2007<span class=\"_ _20\"></span>, the Grou<span class=\"_ _7\"></span>p acquire<span class=\"_ _7\"></span>d insur<span class=\"_ _7\"></span>ance au<span class=\"_ _7\"></span>thori<span class=\"_ _7\"></span>sation lic<span class=\"_ _7\"></span>enc<span class=\"_ _7\"></span>es for 50 US states a<span class=\"_ _7\"></span>s par<span class=\"_ _7\"></span>t of a bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s combi<span class=\"_ _7\"></span>nation. Th<span class=\"_ _7\"></span>e licen<span class=\"_ _7\"></span>ces a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscdb\">allo<span class=\"_ _7\"></span>cated for imp<span class=\"_ _7\"></span>airm<span class=\"_ _7\"></span>ent testing to the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s Nor<span class=\"_ _7\"></span>th Am<span class=\"_ _7\"></span>eric<span class=\"_ _7\"></span>an un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>iting bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s. The c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng value of thi<span class=\"_ _7\"></span>s asset c<span class=\"_ _7\"></span>alcul<span class=\"_ _7\"></span>ated </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscdc\">usin<span class=\"_ _7\"></span>g a projec<span class=\"_ _7\"></span>ted cash fl<span class=\"_ _7\"></span>ow based o<span class=\"_ _7\"></span>n busin<span class=\"_ _7\"></span>ess pl<span class=\"_ _7\"></span>ans ap<span class=\"_ _7\"></span>proved by manag<span class=\"_ _7\"></span>emen<span class=\"_ _7\"></span>t and disc<span class=\"_ _7\"></span>ounted at the s<span class=\"_ _7\"></span>ame rate use<span class=\"_ _7\"></span>d for </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscdd\">goo<span class=\"_ _7\"></span>dwill, is tested a<span class=\"_ _7\"></span>nnual<span class=\"_ _7\"></span>ly for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt base<span class=\"_ _7\"></span>d on its valu<span class=\"_ _7\"></span>e in use, and the re<span class=\"_ _7\"></span>sults s<span class=\"_ _7\"></span>how no impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gscde\">(c<span class=\"_ _9\"></span>) Sof<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ware and deve<span class=\"_ _7\"></span>lopme<span class=\"_ _7\"></span>nt costs<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscdf\">The G<span class=\"_ _7\"></span>roup ca<span class=\"_ _7\"></span>pita<span class=\"_ _7\"></span>lises a<span class=\"_ _7\"></span>cquire<span class=\"_ _7\"></span>d sof<span class=\"_ _7\"></span>tware li<span class=\"_ _7\"></span>cens<span class=\"_ _7\"></span>es base<span class=\"_ _7\"></span>d on the co<span class=\"_ _7\"></span>sts incur<span class=\"_ _7\"></span>red. Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation is c<span class=\"_ _7\"></span>alcu<span class=\"_ _7\"></span>lated using th<span class=\"_ _7\"></span>e straig<span class=\"_ _7\"></span>ht<span class=\"_ _9\"></span>-line </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsce0\">method ove<span class=\"_ _7\"></span>r a peri<span class=\"_ _7\"></span>od of three to ten year<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsce1\">Intern<span class=\"_ _7\"></span>ally deve<span class=\"_ _7\"></span>lope<span class=\"_ _7\"></span>d sof<span class=\"_ _7\"></span>tware is c<span class=\"_ _7\"></span>apit<span class=\"_ _7\"></span>alise<span class=\"_ _7\"></span>d only i<span class=\"_ _7\"></span>f future e<span class=\"_ _7\"></span>conom<span class=\"_ _7\"></span>ic ben<span class=\"_ _7\"></span>efits are pro<span class=\"_ _7\"></span>bable a<span class=\"_ _7\"></span>nd can b<span class=\"_ _7\"></span>e mea<span class=\"_ _7\"></span>sured re<span class=\"_ _7\"></span>liabl<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsce2\">Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation of inter<span class=\"_ _7\"></span>nall<span class=\"_ _7\"></span>y develop<span class=\"_ _7\"></span>ed com<span class=\"_ _7\"></span>puter sof<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ware beg<span class=\"_ _7\"></span>ins whe<span class=\"_ _7\"></span>n the sof<span class=\"_ _7\"></span>twa<span class=\"_ _7\"></span>re is availab<span class=\"_ _7\"></span>le for use a<span class=\"_ _7\"></span>nd is all<span class=\"_ _7\"></span>ocated on a </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsce3\">strai<span class=\"_ _7\"></span>ght<span class=\"_ _9\"></span>-line b<span class=\"_ _7\"></span>asis over the ex<span class=\"_ _7\"></span>pected u<span class=\"_ _7\"></span>seful li<span class=\"_ _7\"></span>fe of the asset.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsce4\">The u<span class=\"_ _7\"></span>seful l<span class=\"_ _7\"></span>ife of the ass<span class=\"_ _7\"></span>et is reviewed a<span class=\"_ _7\"></span>nnua<span class=\"_ _7\"></span>lly an<span class=\"_ _7\"></span>d, if dif<span class=\"_ _7\"></span>ferent f<span class=\"_ _7\"></span>rom previ<span class=\"_ _7\"></span>ous esti<span class=\"_ _7\"></span>mates, is revise<span class=\"_ _7\"></span>d accord<span class=\"_ _7\"></span>ingly w<span class=\"_ _7\"></span>ith the ch<span class=\"_ _7\"></span>ange <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsce5\">bei<span class=\"_ _7\"></span>ng acco<span class=\"_ _7\"></span>unted for as a ch<span class=\"_ _7\"></span>ange in a<span class=\"_ _7\"></span>ccou<span class=\"_ _7\"></span>nting estim<span class=\"_ _7\"></span>ates in acco<span class=\"_ _7\"></span>rdanc<span class=\"_ _7\"></span>e with IAS<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>8.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsce6\">The c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing valu<span class=\"_ _7\"></span>e of soft<span class=\"_ _7\"></span>ware a<span class=\"_ _7\"></span>nd develo<span class=\"_ _7\"></span>pment c<span class=\"_ _7\"></span>osts is reviewe<span class=\"_ _7\"></span>d for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt on an on<span class=\"_ _7\"></span>going ba<span class=\"_ _7\"></span>sis by referen<span class=\"_ _7\"></span>ce to the stage <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsce7\">and ex<span class=\"_ _7\"></span>pectati<span class=\"_ _7\"></span>on of a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>proje<span class=\"_ _7\"></span>ct. Addition<span class=\"_ _7\"></span>ally<span class=\"_ _9\"></span>, at the end of e<span class=\"_ _7\"></span>ach repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting per<span class=\"_ _7\"></span>iod, the Gro<span class=\"_ _7\"></span>up reviews the p<span class=\"_ _7\"></span>ositio<span class=\"_ _7\"></span>ns for any ind<span class=\"_ _7\"></span>ication <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 wsa3 gsce8\">of impai<span class=\"_ _7\"></span>rme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, an<span class=\"_ _7\"></span>d as a resu<span class=\"_ _7\"></span>lt of this impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt of $6.0 million wa<span class=\"_ _7\"></span>s record<span class=\"_ _7\"></span>ed in 2023 on Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asia bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss clas<span class=\"_ _7\"></span>sed a<span class=\"_ _7\"></span>s a dispos<span class=\"_ _7\"></span>al </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsce9\">group h<span class=\"_ _7\"></span>eld for s<span class=\"_ _7\"></span>ale (2022<span class=\"_ _9\"></span>: $nil).<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscea\">At 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023 there were $3<span class=\"_ _7\"></span>4<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1 millio<span class=\"_ _7\"></span>n of assets u<span class=\"_ _7\"></span>nder d<span class=\"_ _7\"></span>evelopme<span class=\"_ _7\"></span>nt on wh<span class=\"_ _7\"></span>ich amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation i<span class=\"_ _7\"></span>s yet t<span class=\"_ _9\"></span>o be ch<span class=\"_ _7\"></span>arged <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws117 gsceb\">(202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.<span class=\"_ _9\"></span>7<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscec\">The a<span class=\"_ _7\"></span>ssets are ex<span class=\"_ _7\"></span>pected to be re<span class=\"_ _7\"></span>covered or s<span class=\"_ _7\"></span>ettle<span class=\"_ _7\"></span>d more than 1<span class=\"_ _9\"></span>2 months af<span class=\"_ _7\"></span>ter the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>ate and as suc<span class=\"_ _7\"></span>h are con<span class=\"_ _7\"></span>sidere<span class=\"_ _7\"></span>d to<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsced\">be non-current<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gscee\">(<span class=\"_ _9\"></span>d) Rights t<span class=\"_ _9\"></span>o cus<span class=\"_ _9\"></span>tomer cont<span class=\"_ _9\"></span>ractual r<span class=\"_ _9\"></span>elationships (i<span class=\"_ _9\"></span>ncluded in ot<span class=\"_ _9\"></span>her)<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscef\">Intan<span class=\"_ _7\"></span>gible c<span class=\"_ _7\"></span>osts related to sec<span class=\"_ _7\"></span>uring c<span class=\"_ _7\"></span>ustomer c<span class=\"_ _7\"></span>ontractua<span class=\"_ _7\"></span>l relatio<span class=\"_ _7\"></span>nships a<span class=\"_ _7\"></span>re reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as an as<span class=\"_ _7\"></span>set whe<span class=\"_ _7\"></span>re they can b<span class=\"_ _7\"></span>e identi<span class=\"_ _7\"></span>fied </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscf0\">sep<span class=\"_ _7\"></span>arately an<span class=\"_ _7\"></span>d meas<span class=\"_ _7\"></span>ured rel<span class=\"_ _7\"></span>iabl<span class=\"_ _7\"></span>y and it is p<span class=\"_ _7\"></span>robabl<span class=\"_ _7\"></span>e that they will b<span class=\"_ _7\"></span>e recovere<span class=\"_ _7\"></span>d by directly re<span class=\"_ _7\"></span>lated fu<span class=\"_ _7\"></span>ture profits. The<span class=\"_ _7\"></span>se cos<span class=\"_ _7\"></span>ts are </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscf1\">amo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>sed on a str<span class=\"_ _7\"></span>aight-line basi<span class=\"_ _7\"></span>s over the usef<span class=\"_ _7\"></span>ul eco<span class=\"_ _7\"></span>nomic l<span class=\"_ _7\"></span>ife whic<span class=\"_ _7\"></span>h is dee<span class=\"_ _7\"></span>med to be ten yea<span class=\"_ _7\"></span>rs and a<span class=\"_ _7\"></span>re car<span class=\"_ _7\"></span>ried at c<span class=\"_ _7\"></span>ost le<span class=\"_ _7\"></span>ss </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscf2\">accu<span class=\"_ _7\"></span>mulated am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tisatio<span class=\"_ _7\"></span>n and imp<span class=\"_ _7\"></span>airme<span class=\"_ _7\"></span>nt los<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscf3\">At the end of e<span class=\"_ _7\"></span>ach repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting per<span class=\"_ _7\"></span>iod, the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g value a<span class=\"_ _7\"></span>rrive<span class=\"_ _7\"></span>d at using va<span class=\"_ _7\"></span>lue in us<span class=\"_ _7\"></span>e is tested for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt. V<span class=\"_ _9\"></span>alue in u<span class=\"_ _7\"></span>se is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscf4\">cal<span class=\"_ _7\"></span>culated us<span class=\"_ _7\"></span>ing the sa<span class=\"_ _7\"></span>me metho<span class=\"_ _7\"></span>d as des<span class=\"_ _7\"></span>crib<span class=\"_ _7\"></span>ed above for go<span class=\"_ _7\"></span>odwil<span class=\"_ _7\"></span>l and the s<span class=\"_ _7\"></span>ame dis<span class=\"_ _7\"></span>count rate use<span class=\"_ _7\"></span>d. The res<span class=\"_ _7\"></span>ults of this test <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscf5\">led to no im<span class=\"_ _7\"></span>pairm<span class=\"_ _7\"></span>ent cha<span class=\"_ _7\"></span>rge on inta<span class=\"_ _7\"></span>ngib<span class=\"_ _7\"></span>le rights to cus<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ome<span class=\"_ _7\"></span>r contra<span class=\"_ _7\"></span>ctual rel<span class=\"_ _7\"></span>ationsh<span class=\"_ _7\"></span>ips in 2023 (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: $n<span class=\"_ _7\"></span>il)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-396": {
   "value": "<table class=\"s w3cd hbc\" id=\"_b1599f74-600a-4d0b-9f33-3d5271ef8064\"><tr><td></td><td></td><td></td><td class=\"t m0 x741 h44 y203c ff5f fs28 fc2 sc0 ls14d ws1f8\">Sta<span class=\"_ _7\"></span>te<span class=\"_ _304\"> </span></td><td class=\"t m0 x491 h44 y203c ff5f fs28 fc2 sc0 lse4 ws15d\">Sof<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ware a<span class=\"_ _7\"></span>nd<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x742 h44 y203d ff5f fs28 fc2 sc0 lsed ws17b\">Syndicate<span class=\"_ _304\"> </span></td><td class=\"t m0 x6f1 h44 y203d ff5f fs28 fc2 sc0 lse6 ws12d\">authorisation<span class=\"_ _304\"> </span></td><td class=\"t m0 x491 h44 y203d ff5f fs28 fc2 sc0 lsed ws17b\">development<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x743 h44 y203e ff5f fs28 fc2 sc0 lsf3 ws13f\">Goodwill</td><td class=\"t m0 x481 h44 y203e ff5f fs28 fc2 sc0 ls10a ws245\"> capacity </td><td class=\"t m0 x744 h44 y203e ff5f fs28 fc2 sc0 lsed ws17b\">licences </td><td class=\"t m0 x6f5 h44 y203e ff5f fs28 fc2 sc0 ls3 ws90\">costs<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e0 h44 y203e ff5f fs28 fc2 sc0 ls3 ws90\">Other<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y203e ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x41d h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41e h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y2040 ff5f fs7 fc2 sc0 ls38 ws41\">At 1 Janua<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y 2022<span class=\"_ _9\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2041 w3ce h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">Cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x745 y2041 w3cf h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x746 y2041 w248 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x747 y2041 w3d0 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">8.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x748 y2041 w385 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">38<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x749 y2041 w163 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">20.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x74a y2041 w3d1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">4<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2042 w3d2 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accu<span class=\"_ _7\"></span>mulated am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tisation a<span class=\"_ _7\"></span>nd impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n x74b y2042 w3d3 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.2<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x74c y2042 w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x74d y2042 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x74e y2042 w3d4 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>1<span class=\"_ _7\"></span>2<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x74f y2042 w3d5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">(15<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x750 y2042 w365 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2043 w3d6 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x751 y2043 w3d7 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">8.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x752 y2043 w248 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x753 y2043 w3d0 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">8.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x754 y2043 w42 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">25<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x755 y2043 w7d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x756 y2043 w1b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2044 ff5f fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2045 w3d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x751 y2045 w3d7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">8.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x757 y2045 w248 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"> </span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x758 y2045 w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x759 y2045 w3da h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">25<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x75a y2045 w7d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x75b y2045 w1b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2046 w3db h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Additions<span class=\"_ _304\"> </span></div></td><td class=\"c n x75c y2046 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75d y2046 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75e y2046 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75f y2046 w33f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">59.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x760 y2046 w3dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x761 y2046 wad h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">6<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2047 w3dd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws98\">Disposa<span class=\"_ _7\"></span>ls<span class=\"_ _304\"> </span></div></td><td class=\"c n x762 y2047 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x763 y2047 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x764 y2047 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x765 y2047 w3de h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x766 y2047 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x767 y2047 w3df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2048 w3e0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x768 y2048 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x769 y2048 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x76a y2048 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x76b y2048 wce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(35.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x76c y2048 w148 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x76d y2048 w3e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ffd w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n x76e y1ffd w3e3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(0.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x76f y1ffd w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x770 y1ffd w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x771 y1ffd w2b1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x772 y1ffd w311 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>0.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x773 y1ffd w3e4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">(16<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2049 w3e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing net book<span class=\"_ _9\"></span> amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x774 y2049 w3c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x775 y2049 wa1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x776 y2049 w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x777 y2049 w3e6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">266.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x778 y2049 w3e7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x779 y2049 w3e8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">32<span class=\"_ _7\"></span>0.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y204a ff5f fs7 fc2 sc0 ls38 ws41\">At 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2022  </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y204b w3ce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">Cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x77a y204b w3e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x77b y204b wa1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x77c y204b w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x77d y204b w254 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">40<span class=\"_ _7\"></span>9.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x77e y204b w6c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">2<span class=\"_ _7\"></span>0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x77f y204b w29b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">4<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y204c w3d2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accu<span class=\"_ _7\"></span>mulated am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tisation a<span class=\"_ _7\"></span>nd impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n x780 y204c w3ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(2.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x46e y204c w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x46f y204c w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x781 y204c w365 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x782 y204c w3d5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">(15<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x783 y204c w3eb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(1<span class=\"_ _a\"></span>61<span class=\"_ _a\"></span>.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y204d w3d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x784 y204d w3c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x785 y204d w3ec h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x786 y204d w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x787 y204d w3e6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">266.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x788 y204d w3e7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x789 y204d w3e8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">32<span class=\"_ _7\"></span>0.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y204e ff64 fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar ende<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y204f w3d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x78a y204f wa3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x78b y204f w3ed h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x78c y204f w3d9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">8<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x78d y204f w320 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">26<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x78e y204f w3d9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">4.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x78f y204f w226 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">320.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2050 w3db h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Additions<span class=\"_ _304\"> </span></div></td><td class=\"c n x75c y2050 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75d y2050 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75e y2050 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75f y2050 w17b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">42.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x790 y2050 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x791 y2050 w230 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">4<span class=\"_ _7\"></span>2.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2051 w3e0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x768 y2051 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x769 y2051 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x76a y2051 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x792 y2051 w3ee h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"> </span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x793 y2051 w3ef h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x794 y2051 w3f0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6e ws120\">(38.9)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2052 w3f1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d ws46\">Impairment ch<span class=\"_ _9\"></span>arge*<span class=\"_ _304\"> </span></div></td><td class=\"c n x795 y2052 wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x796 y2052 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x797 y2052 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x798 y2052 w3f2 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(6.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n x799 y2052 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x79a y2052 w3f3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(6.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2053 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n x79b y2053 w3f4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">0.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x79c y2053 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x79d y2053 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x79e y2053 wee h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">5<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x79f y2053 w179 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x5e4 y2053 w179 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">5.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2054 w3e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing net book<span class=\"_ _9\"></span> amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a0 y2054 w3c9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a1 y2054 w6e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a2 y2054 w3f5 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a3 y2054 w2c3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x78e y2054 w3f6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a4 y2054 w217 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">323.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y2055 ff64 fs7 fc2 sc0 ls38 ws41\">At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cembe<span class=\"_ _7\"></span>r 2023<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f86 w3ce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">Cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x77a y1f86 w3f7 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a5 y1f86 w3f8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a6 y1f86 w2b6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a7 y1f86 w208 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">46<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a8 y1f86 w5d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">23.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a9 y1f86 w15a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">5<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w3d2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accu<span class=\"_ _7\"></span>mulated am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tisation a<span class=\"_ _7\"></span>nd impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n x7aa y1e8e w3f9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>2.6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ab y1e8e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ac y1e8e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ad y1e8e w3fa h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>9<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ae y1e8e w3fb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">(20.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7af y1e8e w3fc h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>19<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w3d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b0 y1e80 w3fd h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b1 y1e80 w6e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b2 y1e80 w3c9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b3 y1e80 w21c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x73b y1e80 w3fe h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b4 y1e80 w217 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">323.9<span class=\"_ _304\"> </span></div></td></tr></table>*T<span class=\"_ _7\"></span>he imp<span class=\"_ _7\"></span>air<span class=\"_ _7\"></span>me<span class=\"_ _7\"></span>nt cha<span class=\"_ _7\"></span>rge fo<span class=\"_ _7\"></span>r the ye<span class=\"_ _7\"></span>ar re<span class=\"_ _7\"></span>late<span class=\"_ _7\"></span>s to Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asi<span class=\"_ _7\"></span>a bus<span class=\"_ _7\"></span>ine<span class=\"_ _7\"></span>ss c<span class=\"_ _7\"></span>las<span class=\"_ _7\"></span>sed a<span class=\"_ _7\"></span>s a dis<span class=\"_ _7\"></span>pos<span class=\"_ _7\"></span>al gro<span class=\"_ _7\"></span>up he<span class=\"_ _7\"></span>ld fo<span class=\"_ _7\"></span>r sal<span class=\"_ _7\"></span>e.<span class=\"_ _304\"> </span>Goodwill<span class=\"_ _304\"> </span>Goo<span class=\"_ _7\"></span>dwill i<span class=\"_ _7\"></span>s alloc<span class=\"_ _7\"></span>ated to t<span class=\"_ _9\"></span>he G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s ca<span class=\"_ _7\"></span>sh-g<span class=\"_ _7\"></span>ener<span class=\"_ _7\"></span>ating units (CGU<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>) ide<span class=\"_ _7\"></span>ntifie<span class=\"_ _7\"></span>d accordi<span class=\"_ _7\"></span>ng to the small<span class=\"_ _7\"></span>est id<span class=\"_ _7\"></span>entifia<span class=\"_ _7\"></span>ble uni<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o wh<span class=\"_ _7\"></span>ich cas<span class=\"_ _7\"></span>h flows are ge<span class=\"_ _7\"></span>nerated. $7<span class=\"_ _20\"></span>.4<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>m<span class=\"_ _7\"></span>illion (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$7<span class=\"_ _20\"></span>.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n) is alloc<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed to the L<span class=\"_ _7\"></span>loyd<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s cor<span class=\"_ _7\"></span>porate mem<span class=\"_ _7\"></span>ber e<span class=\"_ _7\"></span>ntity C<span class=\"_ _7\"></span>GU and $<span class=\"_ _7\"></span>0<span class=\"_ _9\"></span>.8<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mil<span class=\"_ _7\"></span>lion<span class=\"_ _304\"> </span>(202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$0.8<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>) is al<span class=\"_ _7\"></span>located to the CGUs w<span class=\"_ _7\"></span>ithin the H<span class=\"_ _7\"></span>iscox Retai<span class=\"_ _7\"></span>l busin<span class=\"_ _7\"></span>ess se<span class=\"_ _7\"></span>gme<span class=\"_ _7\"></span>nt. Goodw<span class=\"_ _7\"></span>ill is con<span class=\"_ _7\"></span>side<span class=\"_ _7\"></span>red to have an<span class=\"_ _304\"> </span>inde<span class=\"_ _7\"></span>finite life an<span class=\"_ _7\"></span>d as such i<span class=\"_ _7\"></span>s tested annu<span class=\"_ _7\"></span>ally for i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment ba<span class=\"_ _7\"></span>sed on the re<span class=\"_ _7\"></span>covera<span class=\"_ _7\"></span>ble amo<span class=\"_ _7\"></span>unt whi<span class=\"_ _7\"></span>ch is con<span class=\"_ _7\"></span>sidere<span class=\"_ _7\"></span>d to be the high<span class=\"_ _7\"></span>er<span class=\"_ _304\"> </span>of the fair va<span class=\"_ _7\"></span>lue, les<span class=\"_ _7\"></span>s cost to sell o<span class=\"_ _7\"></span>r value in u<span class=\"_ _7\"></span>se. Durin<span class=\"_ _7\"></span>g 202<span class=\"_ _9\"></span>3, there wa<span class=\"_ _7\"></span>s no impai<span class=\"_ _7\"></span>rme<span class=\"_ _7\"></span>nt charg<span class=\"_ _7\"></span>e on good<span class=\"_ _7\"></span>will (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$nil<span class=\"_ _7\"></span>)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>V<span class=\"_ _9\"></span>alu<span class=\"_ _7\"></span>e in use is c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered to be the b<span class=\"_ _7\"></span>est ind<span class=\"_ _7\"></span>ication of the re<span class=\"_ _7\"></span>coverab<span class=\"_ _7\"></span>le amo<span class=\"_ _7\"></span>unt for goo<span class=\"_ _7\"></span>dwill. Value in us<span class=\"_ _7\"></span>e calcu<span class=\"_ _7\"></span>lations a<span class=\"_ _7\"></span>re per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>med<span class=\"_ _304\"> </span>usin<span class=\"_ _7\"></span>g cas<span class=\"_ _7\"></span>h flow proje<span class=\"_ _7\"></span>ctions b<span class=\"_ _7\"></span>ased o<span class=\"_ _7\"></span>n finan<span class=\"_ _7\"></span>cial fo<span class=\"_ _7\"></span>recas<span class=\"_ _7\"></span>ts. A discount fact<span class=\"_ _9\"></span>or<span class=\"_ _a\"></span>, base<span class=\"_ _7\"></span>d on a w<span class=\"_ _9\"></span>eighted average cost of capital (<span class=\"_ _7\"></span>W<span class=\"_ _9\"></span>A<span class=\"_ _9\"></span>CC)<span class=\"_ _304\"> </span>for the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>, of 1<span class=\"_ _9\"></span>0.<span class=\"_ _9\"></span>0% t<span class=\"_ _9\"></span>o 1<span class=\"_ _9\"></span>0.3<span class=\"_ _9\"></span>%, depe<span class=\"_ _7\"></span>nding o<span class=\"_ _7\"></span>n the unde<span class=\"_ _7\"></span>rly<span class=\"_ _7\"></span>ing cu<span class=\"_ _7\"></span>rre<span class=\"_ _7\"></span>ncy <span class=\"_ _7\"></span>(2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.0% t<span class=\"_ _9\"></span>o 1<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.5<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span>), has <span class=\"_ _7\"></span>bee<span class=\"_ _7\"></span>n a<span class=\"_ _7\"></span>ppli<span class=\"_ _7\"></span>ed to th<span class=\"_ _7\"></span>e c<span class=\"_ _7\"></span>ash fl<span class=\"_ _7\"></span>ow<span class=\"_ _304\"> </span>proje<span class=\"_ _7\"></span>ctions to deter<span class=\"_ _7\"></span>mine the n<span class=\"_ _7\"></span>et prese<span class=\"_ _7\"></span>nt value. Th<span class=\"_ _7\"></span>e outcome of the va<span class=\"_ _7\"></span>lue in us<span class=\"_ _7\"></span>e calcu<span class=\"_ _7\"></span>lation is m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>red agai<span class=\"_ _7\"></span>nst the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g value<span class=\"_ _304\"> </span>of the ass<span class=\"_ _7\"></span>et and, whe<span class=\"_ _7\"></span>re the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>ying va<span class=\"_ _7\"></span>lue is in exce<span class=\"_ _7\"></span>ss of the valu<span class=\"_ _7\"></span>e in use, the ass<span class=\"_ _7\"></span>et is wri<span class=\"_ _7\"></span>tten dow<span class=\"_ _7\"></span>n t<span class=\"_ _9\"></span>o this a<span class=\"_ _7\"></span>mount.<span class=\"_ _304\"> </span>Impairment assessment<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>o test the s<span class=\"_ _7\"></span>ensi<span class=\"_ _7\"></span>tivit<span class=\"_ _7\"></span>y of the as<span class=\"_ _7\"></span>sess<span class=\"_ _7\"></span>ment, mana<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt flexed the key assu<span class=\"_ _7\"></span>mptions wi<span class=\"_ _7\"></span>thin a rea<span class=\"_ _7\"></span>sonab<span class=\"_ _7\"></span>ly expe<span class=\"_ _7\"></span>cted rang<span class=\"_ _7\"></span>e. Within thi<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>rang<span class=\"_ _7\"></span>e, goodw<span class=\"_ _7\"></span>ill and othe<span class=\"_ _7\"></span>r intang<span class=\"_ _7\"></span>ible as<span class=\"_ _7\"></span>sets rec<span class=\"_ _7\"></span>overies we<span class=\"_ _7\"></span>re stress tes<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed a<span class=\"_ _7\"></span>nd rema<span class=\"_ _7\"></span>in supp<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tabl<span class=\"_ _7\"></span>e across a<span class=\"_ _7\"></span>ll cas<span class=\"_ _7\"></span>h-ge<span class=\"_ _7\"></span>neratin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> units or<span class=\"_ _9\"></span> assets.<span class=\"_ _304\"> </span>Intangible asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span>All i<span class=\"_ _7\"></span>ntangi<span class=\"_ _7\"></span>ble as<span class=\"_ _7\"></span>sets have a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>finite usef<span class=\"_ _7\"></span>ul life except for th<span class=\"_ _7\"></span>e Synd<span class=\"_ _7\"></span>icate capa<span class=\"_ _7\"></span>cit<span class=\"_ _7\"></span>y and US state au<span class=\"_ _7\"></span>thoris<span class=\"_ _7\"></span>ation lic<span class=\"_ _7\"></span>ence<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>1<span class=\"_ _a\"></span>1 Go<span class=\"_ _7\"></span>odwil<span class=\"_ _7\"></span>l and in<span class=\"_ _7\"></span>tan<span class=\"_ _7\"></span>gible a<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span>(a) Syndi<span class=\"_ _7\"></span>cate capac<span class=\"_ _7\"></span>ity<span class=\"_ _304\"> </span>The c<span class=\"_ _7\"></span>ost of purch<span class=\"_ _7\"></span>asing th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ticipati<span class=\"_ _7\"></span>on in the Ll<span class=\"_ _7\"></span>oyd<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s insur<span class=\"_ _7\"></span>ance sy<span class=\"_ _7\"></span>ndic<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s is not amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed, but is tested a<span class=\"_ _7\"></span>nnual<span class=\"_ _7\"></span>ly for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt and is c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at co<span class=\"_ _7\"></span>st les<span class=\"_ _7\"></span>s accumu<span class=\"_ _7\"></span>lated impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt loss<span class=\"_ _7\"></span>es. Havin<span class=\"_ _7\"></span>g consi<span class=\"_ _7\"></span>dered th<span class=\"_ _7\"></span>e future p<span class=\"_ _7\"></span>rospec<span class=\"_ _7\"></span>ts of the London insu<span class=\"_ _7\"></span>rance m<span class=\"_ _7\"></span>arket, the Board b<span class=\"_ _7\"></span>elieves th<span class=\"_ _7\"></span>at the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s owners<span class=\"_ _7\"></span>hip of Sy<span class=\"_ _7\"></span>ndicate ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y will p<span class=\"_ _7\"></span>rovide e<span class=\"_ _7\"></span>conom<span class=\"_ _7\"></span>ic ben<span class=\"_ _7\"></span>efits over an inde<span class=\"_ _7\"></span>finite numb<span class=\"_ _7\"></span>er of futu<span class=\"_ _7\"></span>re peri<span class=\"_ _7\"></span>ods. Th<span class=\"_ _7\"></span>is assu<span class=\"_ _7\"></span>mption is revi<span class=\"_ _7\"></span>ewed ann<span class=\"_ _7\"></span>ually to deter<span class=\"_ _7\"></span>mine wh<span class=\"_ _7\"></span>ether the a<span class=\"_ _7\"></span>sset co<span class=\"_ _7\"></span>ntinue<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o have an indefinite l<span class=\"_ _9\"></span>ife.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s int<span class=\"_ _7\"></span>angib<span class=\"_ _7\"></span>le ass<span class=\"_ _7\"></span>et relating to Sy<span class=\"_ _7\"></span>ndicate ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y has b<span class=\"_ _7\"></span>een a<span class=\"_ _7\"></span>llocated, for im<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>ment testin<span class=\"_ _7\"></span>g purpo<span class=\"_ _7\"></span>ses, to one <span class=\"ls8 ws4\"> </span>indi<span class=\"_ _7\"></span>vidu<span class=\"_ _7\"></span>al CGU, being th<span class=\"_ _7\"></span>e active Lloyd\u2019<span class=\"_ _9\"></span>s corp<span class=\"_ _7\"></span>orate memb<span class=\"_ _7\"></span>er enti<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>. The a<span class=\"_ _7\"></span>sset is tested a<span class=\"_ _7\"></span>nnual<span class=\"_ _7\"></span>ly for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt base<span class=\"_ _7\"></span>d on its recover<span class=\"_ _7\"></span>able a<span class=\"_ _7\"></span>mount w<span class=\"_ _7\"></span>hich is c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered to be the hi<span class=\"_ _7\"></span>gher of the a<span class=\"_ _7\"></span>sset\u2019<span class=\"_ _9\"></span>s fair va<span class=\"_ _7\"></span>lue le<span class=\"_ _7\"></span>ss cos<span class=\"_ _7\"></span>ts t<span class=\"_ _9\"></span>o se<span class=\"_ _7\"></span>ll or its valu<span class=\"_ _7\"></span>e in use. Th<span class=\"_ _7\"></span>e value in use i<span class=\"_ _7\"></span>s determi<span class=\"_ _7\"></span>ned usi<span class=\"_ _7\"></span>ng cas<span class=\"_ _7\"></span>h flow projec<span class=\"_ _7\"></span>tions ba<span class=\"_ _7\"></span>sed on bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss pla<span class=\"_ _7\"></span>ns approved by ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>ment a<span class=\"_ _7\"></span>nd disco<span class=\"_ _7\"></span>unted at the app<span class=\"_ _7\"></span>licab<span class=\"_ _7\"></span>le W<span class=\"_ _9\"></span>ACC rate. A<span class=\"_ _9\"></span>t 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2023, the value in u<span class=\"_ _7\"></span>se or the fa<span class=\"_ _7\"></span>ir value l<span class=\"_ _7\"></span>ess co<span class=\"_ _7\"></span>st to sell exceed<span class=\"_ _7\"></span>ed the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng value of Syn<span class=\"_ _7\"></span>dicate ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d on the ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e sheet.<span class=\"_ _304\"> </span>(b) US state author<span class=\"_ _7\"></span>isation l<span class=\"_ _7\"></span>icen<span class=\"_ _7\"></span>ces<span class=\"_ _304\"> </span>In 2007<span class=\"_ _20\"></span>, the Grou<span class=\"_ _7\"></span>p acquire<span class=\"_ _7\"></span>d insur<span class=\"_ _7\"></span>ance au<span class=\"_ _7\"></span>thori<span class=\"_ _7\"></span>sation lic<span class=\"_ _7\"></span>enc<span class=\"_ _7\"></span>es for 50 US states a<span class=\"_ _7\"></span>s par<span class=\"_ _7\"></span>t of a bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s combi<span class=\"_ _7\"></span>nation. Th<span class=\"_ _7\"></span>e licen<span class=\"_ _7\"></span>ces a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> allo<span class=\"_ _7\"></span>cated for imp<span class=\"_ _7\"></span>airm<span class=\"_ _7\"></span>ent testing to the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s Nor<span class=\"_ _7\"></span>th Am<span class=\"_ _7\"></span>eric<span class=\"_ _7\"></span>an un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>iting bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s. The c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng value of thi<span class=\"_ _7\"></span>s asset c<span class=\"_ _7\"></span>alcul<span class=\"_ _7\"></span>ated usin<span class=\"_ _7\"></span>g a projec<span class=\"_ _7\"></span>ted cash fl<span class=\"_ _7\"></span>ow based o<span class=\"_ _7\"></span>n busin<span class=\"_ _7\"></span>ess pl<span class=\"_ _7\"></span>ans ap<span class=\"_ _7\"></span>proved by manag<span class=\"_ _7\"></span>emen<span class=\"_ _7\"></span>t and disc<span class=\"_ _7\"></span>ounted at the s<span class=\"_ _7\"></span>ame rate use<span class=\"_ _7\"></span>d for goo<span class=\"_ _7\"></span>dwill, is tested a<span class=\"_ _7\"></span>nnual<span class=\"_ _7\"></span>ly for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt base<span class=\"_ _7\"></span>d on its valu<span class=\"_ _7\"></span>e in use, and the re<span class=\"_ _7\"></span>sults s<span class=\"_ _7\"></span>how no impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span>(c<span class=\"_ _9\"></span>) Sof<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ware and deve<span class=\"_ _7\"></span>lopme<span class=\"_ _7\"></span>nt costs<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup ca<span class=\"_ _7\"></span>pita<span class=\"_ _7\"></span>lises a<span class=\"_ _7\"></span>cquire<span class=\"_ _7\"></span>d sof<span class=\"_ _7\"></span>tware li<span class=\"_ _7\"></span>cens<span class=\"_ _7\"></span>es base<span class=\"_ _7\"></span>d on the co<span class=\"_ _7\"></span>sts incur<span class=\"_ _7\"></span>red. Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation is c<span class=\"_ _7\"></span>alcu<span class=\"_ _7\"></span>lated using th<span class=\"_ _7\"></span>e straig<span class=\"_ _7\"></span>ht<span class=\"_ _9\"></span>-line method ove<span class=\"_ _7\"></span>r a peri<span class=\"_ _7\"></span>od of three to ten year<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>Intern<span class=\"_ _7\"></span>ally deve<span class=\"_ _7\"></span>lope<span class=\"_ _7\"></span>d sof<span class=\"_ _7\"></span>tware is c<span class=\"_ _7\"></span>apit<span class=\"_ _7\"></span>alise<span class=\"_ _7\"></span>d only i<span class=\"_ _7\"></span>f future e<span class=\"_ _7\"></span>conom<span class=\"_ _7\"></span>ic ben<span class=\"_ _7\"></span>efits are pro<span class=\"_ _7\"></span>bable a<span class=\"_ _7\"></span>nd can b<span class=\"_ _7\"></span>e mea<span class=\"_ _7\"></span>sured re<span class=\"_ _7\"></span>liabl<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation of inter<span class=\"_ _7\"></span>nall<span class=\"_ _7\"></span>y develop<span class=\"_ _7\"></span>ed com<span class=\"_ _7\"></span>puter sof<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ware beg<span class=\"_ _7\"></span>ins whe<span class=\"_ _7\"></span>n the sof<span class=\"_ _7\"></span>twa<span class=\"_ _7\"></span>re is availab<span class=\"_ _7\"></span>le for use a<span class=\"_ _7\"></span>nd is all<span class=\"_ _7\"></span>ocated on a strai<span class=\"_ _7\"></span>ght<span class=\"_ _9\"></span>-line b<span class=\"_ _7\"></span>asis over the ex<span class=\"_ _7\"></span>pected u<span class=\"_ _7\"></span>seful li<span class=\"_ _7\"></span>fe of the asset.<span class=\"_ _304\"> </span>The u<span class=\"_ _7\"></span>seful l<span class=\"_ _7\"></span>ife of the ass<span class=\"_ _7\"></span>et is reviewed a<span class=\"_ _7\"></span>nnua<span class=\"_ _7\"></span>lly an<span class=\"_ _7\"></span>d, if dif<span class=\"_ _7\"></span>ferent f<span class=\"_ _7\"></span>rom previ<span class=\"_ _7\"></span>ous esti<span class=\"_ _7\"></span>mates, is revise<span class=\"_ _7\"></span>d accord<span class=\"_ _7\"></span>ingly w<span class=\"_ _7\"></span>ith the ch<span class=\"_ _7\"></span>ange <span class=\"ls8 ws4\"> </span>bei<span class=\"_ _7\"></span>ng acco<span class=\"_ _7\"></span>unted for as a ch<span class=\"_ _7\"></span>ange in a<span class=\"_ _7\"></span>ccou<span class=\"_ _7\"></span>nting estim<span class=\"_ _7\"></span>ates in acco<span class=\"_ _7\"></span>rdanc<span class=\"_ _7\"></span>e with IAS<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>8.<span class=\"_ _304\"> </span>The c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing valu<span class=\"_ _7\"></span>e of soft<span class=\"_ _7\"></span>ware a<span class=\"_ _7\"></span>nd develo<span class=\"_ _7\"></span>pment c<span class=\"_ _7\"></span>osts is reviewe<span class=\"_ _7\"></span>d for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt on an on<span class=\"_ _7\"></span>going ba<span class=\"_ _7\"></span>sis by referen<span class=\"_ _7\"></span>ce to the stage <span class=\"ls8 ws4\"> </span>and ex<span class=\"_ _7\"></span>pectati<span class=\"_ _7\"></span>on of a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>proje<span class=\"_ _7\"></span>ct. Addition<span class=\"_ _7\"></span>ally<span class=\"_ _9\"></span>, at the end of e<span class=\"_ _7\"></span>ach repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting per<span class=\"_ _7\"></span>iod, the Gro<span class=\"_ _7\"></span>up reviews the p<span class=\"_ _7\"></span>ositio<span class=\"_ _7\"></span>ns for any ind<span class=\"_ _7\"></span>ication <span class=\"ls8 ws4\"> </span>of impai<span class=\"_ _7\"></span>rme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, an<span class=\"_ _7\"></span>d as a resu<span class=\"_ _7\"></span>lt of this impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt of $6.0 million wa<span class=\"_ _7\"></span>s record<span class=\"_ _7\"></span>ed in 2023 on Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asia bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss clas<span class=\"_ _7\"></span>sed a<span class=\"_ _7\"></span>s a dispos<span class=\"_ _7\"></span>al group h<span class=\"_ _7\"></span>eld for s<span class=\"_ _7\"></span>ale (2022<span class=\"_ _9\"></span>: $nil).<span class=\"_ _9\"></span> At 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023 there were $3<span class=\"_ _7\"></span>4<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1 millio<span class=\"_ _7\"></span>n of assets u<span class=\"_ _7\"></span>nder d<span class=\"_ _7\"></span>evelopme<span class=\"_ _7\"></span>nt on wh<span class=\"_ _7\"></span>ich amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation i<span class=\"_ _7\"></span>s yet t<span class=\"_ _9\"></span>o be ch<span class=\"_ _7\"></span>arged <span class=\"ls8 ws4\"> </span>(202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.<span class=\"_ _9\"></span>7<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The a<span class=\"_ _7\"></span>ssets are ex<span class=\"_ _7\"></span>pected to be re<span class=\"_ _7\"></span>covered or s<span class=\"_ _7\"></span>ettle<span class=\"_ _7\"></span>d more than 1<span class=\"_ _9\"></span>2 months af<span class=\"_ _7\"></span>ter the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>ate and as suc<span class=\"_ _7\"></span>h are con<span class=\"_ _7\"></span>sidere<span class=\"_ _7\"></span>d to<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>be non-current<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>d) Rights t<span class=\"_ _9\"></span>o cus<span class=\"_ _9\"></span>tomer cont<span class=\"_ _9\"></span>ractual r<span class=\"_ _9\"></span>elationships (i<span class=\"_ _9\"></span>ncluded in ot<span class=\"_ _9\"></span>her)<span class=\"_ _304\"> </span>Intan<span class=\"_ _7\"></span>gible c<span class=\"_ _7\"></span>osts related to sec<span class=\"_ _7\"></span>uring c<span class=\"_ _7\"></span>ustomer c<span class=\"_ _7\"></span>ontractua<span class=\"_ _7\"></span>l relatio<span class=\"_ _7\"></span>nships a<span class=\"_ _7\"></span>re reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as an as<span class=\"_ _7\"></span>set whe<span class=\"_ _7\"></span>re they can b<span class=\"_ _7\"></span>e identi<span class=\"_ _7\"></span>fied sep<span class=\"_ _7\"></span>arately an<span class=\"_ _7\"></span>d meas<span class=\"_ _7\"></span>ured rel<span class=\"_ _7\"></span>iabl<span class=\"_ _7\"></span>y and it is p<span class=\"_ _7\"></span>robabl<span class=\"_ _7\"></span>e that they will b<span class=\"_ _7\"></span>e recovere<span class=\"_ _7\"></span>d by directly re<span class=\"_ _7\"></span>lated fu<span class=\"_ _7\"></span>ture profits. The<span class=\"_ _7\"></span>se cos<span class=\"_ _7\"></span>ts are amo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>sed on a str<span class=\"_ _7\"></span>aight-line basi<span class=\"_ _7\"></span>s over the usef<span class=\"_ _7\"></span>ul eco<span class=\"_ _7\"></span>nomic l<span class=\"_ _7\"></span>ife whic<span class=\"_ _7\"></span>h is dee<span class=\"_ _7\"></span>med to be ten yea<span class=\"_ _7\"></span>rs and a<span class=\"_ _7\"></span>re car<span class=\"_ _7\"></span>ried at c<span class=\"_ _7\"></span>ost le<span class=\"_ _7\"></span>ss accu<span class=\"_ _7\"></span>mulated am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tisatio<span class=\"_ _7\"></span>n and imp<span class=\"_ _7\"></span>airme<span class=\"_ _7\"></span>nt los<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span>At the end of e<span class=\"_ _7\"></span>ach repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting per<span class=\"_ _7\"></span>iod, the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g value a<span class=\"_ _7\"></span>rrive<span class=\"_ _7\"></span>d at using va<span class=\"_ _7\"></span>lue in us<span class=\"_ _7\"></span>e is tested for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt. V<span class=\"_ _9\"></span>alue in u<span class=\"_ _7\"></span>se is cal<span class=\"_ _7\"></span>culated us<span class=\"_ _7\"></span>ing the sa<span class=\"_ _7\"></span>me metho<span class=\"_ _7\"></span>d as des<span class=\"_ _7\"></span>crib<span class=\"_ _7\"></span>ed above for go<span class=\"_ _7\"></span>odwil<span class=\"_ _7\"></span>l and the s<span class=\"_ _7\"></span>ame dis<span class=\"_ _7\"></span>count rate use<span class=\"_ _7\"></span>d. The res<span class=\"_ _7\"></span>ults of this test <span class=\"ls8 ws4\"> </span>led to no im<span class=\"_ _7\"></span>pairm<span class=\"_ _7\"></span>ent cha<span class=\"_ _7\"></span>rge on inta<span class=\"_ _7\"></span>ngib<span class=\"_ _7\"></span>le rights to cus<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ome<span class=\"_ _7\"></span>r contra<span class=\"_ _7\"></span>ctual rel<span class=\"_ _7\"></span>ationsh<span class=\"_ _7\"></span>ips in 2023 (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: $n<span class=\"_ _7\"></span>il)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-473": {
   "value": "<table class=\"s w3cd hbc\" id=\"_b1599f74-600a-4d0b-9f33-3d5271ef8064\"><tr><td></td><td></td><td></td><td class=\"t m0 x741 h44 y203c ff5f fs28 fc2 sc0 ls14d ws1f8\">Sta<span class=\"_ _7\"></span>te<span class=\"_ _304\"> </span></td><td class=\"t m0 x491 h44 y203c ff5f fs28 fc2 sc0 lse4 ws15d\">Sof<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ware a<span class=\"_ _7\"></span>nd<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x742 h44 y203d ff5f fs28 fc2 sc0 lsed ws17b\">Syndicate<span class=\"_ _304\"> </span></td><td class=\"t m0 x6f1 h44 y203d ff5f fs28 fc2 sc0 lse6 ws12d\">authorisation<span class=\"_ _304\"> </span></td><td class=\"t m0 x491 h44 y203d ff5f fs28 fc2 sc0 lsed ws17b\">development<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x743 h44 y203e ff5f fs28 fc2 sc0 lsf3 ws13f\">Goodwill</td><td class=\"t m0 x481 h44 y203e ff5f fs28 fc2 sc0 ls10a ws245\"> capacity </td><td class=\"t m0 x744 h44 y203e ff5f fs28 fc2 sc0 lsed ws17b\">licences </td><td class=\"t m0 x6f5 h44 y203e ff5f fs28 fc2 sc0 ls3 ws90\">costs<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e0 h44 y203e ff5f fs28 fc2 sc0 ls3 ws90\">Other<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y203e ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x41d h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41e h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y203f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y2040 ff5f fs7 fc2 sc0 ls38 ws41\">At 1 Janua<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y 2022<span class=\"_ _9\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2041 w3ce h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">Cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x745 y2041 w3cf h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x746 y2041 w248 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x747 y2041 w3d0 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">8.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x748 y2041 w385 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">38<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x749 y2041 w163 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">20.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x74a y2041 w3d1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">4<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2042 w3d2 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accu<span class=\"_ _7\"></span>mulated am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tisation a<span class=\"_ _7\"></span>nd impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n x74b y2042 w3d3 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.2<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x74c y2042 w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x74d y2042 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x74e y2042 w3d4 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>1<span class=\"_ _7\"></span>2<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x74f y2042 w3d5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">(15<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x750 y2042 w365 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2043 w3d6 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x751 y2043 w3d7 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">8.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x752 y2043 w248 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x753 y2043 w3d0 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">8.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x754 y2043 w42 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">25<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x755 y2043 w7d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x756 y2043 w1b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2044 ff5f fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2045 w3d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x751 y2045 w3d7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">8.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x757 y2045 w248 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"> </span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x758 y2045 w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x759 y2045 w3da h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">25<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x75a y2045 w7d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x75b y2045 w1b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2046 w3db h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Additions<span class=\"_ _304\"> </span></div></td><td class=\"c n x75c y2046 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75d y2046 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75e y2046 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75f y2046 w33f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">59.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x760 y2046 w3dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x761 y2046 wad h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">6<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2047 w3dd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws98\">Disposa<span class=\"_ _7\"></span>ls<span class=\"_ _304\"> </span></div></td><td class=\"c n x762 y2047 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x763 y2047 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x764 y2047 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x765 y2047 w3de h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x766 y2047 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x767 y2047 w3df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2048 w3e0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x768 y2048 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x769 y2048 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x76a y2048 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x76b y2048 wce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(35.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x76c y2048 w148 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x76d y2048 w3e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ffd w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n x76e y1ffd w3e3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(0.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x76f y1ffd w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x770 y1ffd w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x771 y1ffd w2b1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x772 y1ffd w311 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>0.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x773 y1ffd w3e4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">(16<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2049 w3e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing net book<span class=\"_ _9\"></span> amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x774 y2049 w3c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x775 y2049 wa1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x776 y2049 w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x777 y2049 w3e6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">266.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x778 y2049 w3e7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x779 y2049 w3e8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">32<span class=\"_ _7\"></span>0.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y204a ff5f fs7 fc2 sc0 ls38 ws41\">At 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2022  </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y204b w3ce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">Cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x77a y204b w3e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x77b y204b wa1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x77c y204b w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x77d y204b w254 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">40<span class=\"_ _7\"></span>9.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x77e y204b w6c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">2<span class=\"_ _7\"></span>0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x77f y204b w29b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">4<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y204c w3d2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accu<span class=\"_ _7\"></span>mulated am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tisation a<span class=\"_ _7\"></span>nd impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n x780 y204c w3ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(2.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x46e y204c w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x46f y204c w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x781 y204c w365 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x782 y204c w3d5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">(15<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x783 y204c w3eb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(1<span class=\"_ _a\"></span>61<span class=\"_ _a\"></span>.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y204d w3d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x784 y204d w3c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x785 y204d w3ec h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x786 y204d w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x787 y204d w3e6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">266.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x788 y204d w3e7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x789 y204d w3e8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">32<span class=\"_ _7\"></span>0.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y204e ff64 fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar ende<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y204f w3d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x78a y204f wa3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x78b y204f w3ed h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x78c y204f w3d9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">8<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x78d y204f w320 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">26<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x78e y204f w3d9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">4.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x78f y204f w226 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">320.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2050 w3db h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Additions<span class=\"_ _304\"> </span></div></td><td class=\"c n x75c y2050 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75d y2050 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75e y2050 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x75f y2050 w17b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">42.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x790 y2050 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x791 y2050 w230 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">4<span class=\"_ _7\"></span>2.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2051 w3e0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x768 y2051 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x769 y2051 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x76a y2051 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x792 y2051 w3ee h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"> </span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x793 y2051 w3ef h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x794 y2051 w3f0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6e ws120\">(38.9)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2052 w3f1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d ws46\">Impairment ch<span class=\"_ _9\"></span>arge*<span class=\"_ _304\"> </span></div></td><td class=\"c n x795 y2052 wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x796 y2052 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x797 y2052 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x798 y2052 w3f2 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(6.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n x799 y2052 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x79a y2052 w3f3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(6.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2053 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n x79b y2053 w3f4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">0.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x79c y2053 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x79d y2053 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x79e y2053 wee h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">5<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x79f y2053 w179 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x5e4 y2053 w179 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">5.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2054 w3e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing net book<span class=\"_ _9\"></span> amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a0 y2054 w3c9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a1 y2054 w6e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a2 y2054 w3f5 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a3 y2054 w2c3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x78e y2054 w3f6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a4 y2054 w217 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">323.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y2055 ff64 fs7 fc2 sc0 ls38 ws41\">At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cembe<span class=\"_ _7\"></span>r 2023<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f86 w3ce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">Cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x77a y1f86 w3f7 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a5 y1f86 w3f8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a6 y1f86 w2b6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a7 y1f86 w208 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">46<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a8 y1f86 w5d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">23.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x7a9 y1f86 w15a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">5<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w3d2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accu<span class=\"_ _7\"></span>mulated am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tisation a<span class=\"_ _7\"></span>nd impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n x7aa y1e8e w3f9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>2.6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ab y1e8e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ac y1e8e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ad y1e8e w3fa h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>9<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ae y1e8e w3fb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">(20.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7af y1e8e w3fc h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>19<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w3d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b0 y1e80 w3fd h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b1 y1e80 w6e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b2 y1e80 w3c9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b3 y1e80 w21c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x73b y1e80 w3fe h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x7b4 y1e80 w217 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">323.9<span class=\"_ _304\"> </span></div></td></tr></table>*T<span class=\"_ _7\"></span>he imp<span class=\"_ _7\"></span>air<span class=\"_ _7\"></span>me<span class=\"_ _7\"></span>nt cha<span class=\"_ _7\"></span>rge fo<span class=\"_ _7\"></span>r the ye<span class=\"_ _7\"></span>ar re<span class=\"_ _7\"></span>late<span class=\"_ _7\"></span>s to Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asi<span class=\"_ _7\"></span>a bus<span class=\"_ _7\"></span>ine<span class=\"_ _7\"></span>ss c<span class=\"_ _7\"></span>las<span class=\"_ _7\"></span>sed a<span class=\"_ _7\"></span>s a dis<span class=\"_ _7\"></span>pos<span class=\"_ _7\"></span>al gro<span class=\"_ _7\"></span>up he<span class=\"_ _7\"></span>ld fo<span class=\"_ _7\"></span>r sal<span class=\"_ _7\"></span>e.<span class=\"_ _304\"> </span>Goodwill<span class=\"_ _304\"> </span>Goo<span class=\"_ _7\"></span>dwill i<span class=\"_ _7\"></span>s alloc<span class=\"_ _7\"></span>ated to t<span class=\"_ _9\"></span>he G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s ca<span class=\"_ _7\"></span>sh-g<span class=\"_ _7\"></span>ener<span class=\"_ _7\"></span>ating units (CGU<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>) ide<span class=\"_ _7\"></span>ntifie<span class=\"_ _7\"></span>d accordi<span class=\"_ _7\"></span>ng to the small<span class=\"_ _7\"></span>est id<span class=\"_ _7\"></span>entifia<span class=\"_ _7\"></span>ble uni<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o wh<span class=\"_ _7\"></span>ich cas<span class=\"_ _7\"></span>h flows are ge<span class=\"_ _7\"></span>nerated. $7<span class=\"_ _20\"></span>.4<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>m<span class=\"_ _7\"></span>illion (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$7<span class=\"_ _20\"></span>.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n) is alloc<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed to the L<span class=\"_ _7\"></span>loyd<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s cor<span class=\"_ _7\"></span>porate mem<span class=\"_ _7\"></span>ber e<span class=\"_ _7\"></span>ntity C<span class=\"_ _7\"></span>GU and $<span class=\"_ _7\"></span>0<span class=\"_ _9\"></span>.8<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mil<span class=\"_ _7\"></span>lion<span class=\"_ _304\"> </span>(202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$0.8<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>) is al<span class=\"_ _7\"></span>located to the CGUs w<span class=\"_ _7\"></span>ithin the H<span class=\"_ _7\"></span>iscox Retai<span class=\"_ _7\"></span>l busin<span class=\"_ _7\"></span>ess se<span class=\"_ _7\"></span>gme<span class=\"_ _7\"></span>nt. Goodw<span class=\"_ _7\"></span>ill is con<span class=\"_ _7\"></span>side<span class=\"_ _7\"></span>red to have an<span class=\"_ _304\"> </span>inde<span class=\"_ _7\"></span>finite life an<span class=\"_ _7\"></span>d as such i<span class=\"_ _7\"></span>s tested annu<span class=\"_ _7\"></span>ally for i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment ba<span class=\"_ _7\"></span>sed on the re<span class=\"_ _7\"></span>covera<span class=\"_ _7\"></span>ble amo<span class=\"_ _7\"></span>unt whi<span class=\"_ _7\"></span>ch is con<span class=\"_ _7\"></span>sidere<span class=\"_ _7\"></span>d to be the high<span class=\"_ _7\"></span>er<span class=\"_ _304\"> </span>of the fair va<span class=\"_ _7\"></span>lue, les<span class=\"_ _7\"></span>s cost to sell o<span class=\"_ _7\"></span>r value in u<span class=\"_ _7\"></span>se. Durin<span class=\"_ _7\"></span>g 202<span class=\"_ _9\"></span>3, there wa<span class=\"_ _7\"></span>s no impai<span class=\"_ _7\"></span>rme<span class=\"_ _7\"></span>nt charg<span class=\"_ _7\"></span>e on good<span class=\"_ _7\"></span>will (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$nil<span class=\"_ _7\"></span>)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>V<span class=\"_ _9\"></span>alu<span class=\"_ _7\"></span>e in use is c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered to be the b<span class=\"_ _7\"></span>est ind<span class=\"_ _7\"></span>ication of the re<span class=\"_ _7\"></span>coverab<span class=\"_ _7\"></span>le amo<span class=\"_ _7\"></span>unt for goo<span class=\"_ _7\"></span>dwill. Value in us<span class=\"_ _7\"></span>e calcu<span class=\"_ _7\"></span>lations a<span class=\"_ _7\"></span>re per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>med<span class=\"_ _304\"> </span>usin<span class=\"_ _7\"></span>g cas<span class=\"_ _7\"></span>h flow proje<span class=\"_ _7\"></span>ctions b<span class=\"_ _7\"></span>ased o<span class=\"_ _7\"></span>n finan<span class=\"_ _7\"></span>cial fo<span class=\"_ _7\"></span>recas<span class=\"_ _7\"></span>ts. A discount fact<span class=\"_ _9\"></span>or<span class=\"_ _a\"></span>, base<span class=\"_ _7\"></span>d on a w<span class=\"_ _9\"></span>eighted average cost of capital (<span class=\"_ _7\"></span>W<span class=\"_ _9\"></span>A<span class=\"_ _9\"></span>CC)<span class=\"_ _304\"> </span>for the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>, of 1<span class=\"_ _9\"></span>0.<span class=\"_ _9\"></span>0% t<span class=\"_ _9\"></span>o 1<span class=\"_ _9\"></span>0.3<span class=\"_ _9\"></span>%, depe<span class=\"_ _7\"></span>nding o<span class=\"_ _7\"></span>n the unde<span class=\"_ _7\"></span>rly<span class=\"_ _7\"></span>ing cu<span class=\"_ _7\"></span>rre<span class=\"_ _7\"></span>ncy <span class=\"_ _7\"></span>(2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.0% t<span class=\"_ _9\"></span>o 1<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.5<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span>), has <span class=\"_ _7\"></span>bee<span class=\"_ _7\"></span>n a<span class=\"_ _7\"></span>ppli<span class=\"_ _7\"></span>ed to th<span class=\"_ _7\"></span>e c<span class=\"_ _7\"></span>ash fl<span class=\"_ _7\"></span>ow<span class=\"_ _304\"> </span>proje<span class=\"_ _7\"></span>ctions to deter<span class=\"_ _7\"></span>mine the n<span class=\"_ _7\"></span>et prese<span class=\"_ _7\"></span>nt value. Th<span class=\"_ _7\"></span>e outcome of the va<span class=\"_ _7\"></span>lue in us<span class=\"_ _7\"></span>e calcu<span class=\"_ _7\"></span>lation is m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>red agai<span class=\"_ _7\"></span>nst the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g value<span class=\"_ _304\"> </span>of the ass<span class=\"_ _7\"></span>et and, whe<span class=\"_ _7\"></span>re the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>ying va<span class=\"_ _7\"></span>lue is in exce<span class=\"_ _7\"></span>ss of the valu<span class=\"_ _7\"></span>e in use, the ass<span class=\"_ _7\"></span>et is wri<span class=\"_ _7\"></span>tten dow<span class=\"_ _7\"></span>n t<span class=\"_ _9\"></span>o this a<span class=\"_ _7\"></span>mount.<span class=\"_ _304\"> </span>Impairment assessment<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>o test the s<span class=\"_ _7\"></span>ensi<span class=\"_ _7\"></span>tivit<span class=\"_ _7\"></span>y of the as<span class=\"_ _7\"></span>sess<span class=\"_ _7\"></span>ment, mana<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt flexed the key assu<span class=\"_ _7\"></span>mptions wi<span class=\"_ _7\"></span>thin a rea<span class=\"_ _7\"></span>sonab<span class=\"_ _7\"></span>ly expe<span class=\"_ _7\"></span>cted rang<span class=\"_ _7\"></span>e. Within thi<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>rang<span class=\"_ _7\"></span>e, goodw<span class=\"_ _7\"></span>ill and othe<span class=\"_ _7\"></span>r intang<span class=\"_ _7\"></span>ible as<span class=\"_ _7\"></span>sets rec<span class=\"_ _7\"></span>overies we<span class=\"_ _7\"></span>re stress tes<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed a<span class=\"_ _7\"></span>nd rema<span class=\"_ _7\"></span>in supp<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tabl<span class=\"_ _7\"></span>e across a<span class=\"_ _7\"></span>ll cas<span class=\"_ _7\"></span>h-ge<span class=\"_ _7\"></span>neratin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> units or<span class=\"_ _9\"></span> assets.<span class=\"_ _304\"> </span>Intangible asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span>All i<span class=\"_ _7\"></span>ntangi<span class=\"_ _7\"></span>ble as<span class=\"_ _7\"></span>sets have a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>finite usef<span class=\"_ _7\"></span>ul life except for th<span class=\"_ _7\"></span>e Synd<span class=\"_ _7\"></span>icate capa<span class=\"_ _7\"></span>cit<span class=\"_ _7\"></span>y and US state au<span class=\"_ _7\"></span>thoris<span class=\"_ _7\"></span>ation lic<span class=\"_ _7\"></span>ence<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>1<span class=\"_ _a\"></span>1 Go<span class=\"_ _7\"></span>odwil<span class=\"_ _7\"></span>l and in<span class=\"_ _7\"></span>tan<span class=\"_ _7\"></span>gible a<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span>(a) Syndi<span class=\"_ _7\"></span>cate capac<span class=\"_ _7\"></span>ity<span class=\"_ _304\"> </span>The c<span class=\"_ _7\"></span>ost of purch<span class=\"_ _7\"></span>asing th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ticipati<span class=\"_ _7\"></span>on in the Ll<span class=\"_ _7\"></span>oyd<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s insur<span class=\"_ _7\"></span>ance sy<span class=\"_ _7\"></span>ndic<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s is not amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed, but is tested a<span class=\"_ _7\"></span>nnual<span class=\"_ _7\"></span>ly for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt and is c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at co<span class=\"_ _7\"></span>st les<span class=\"_ _7\"></span>s accumu<span class=\"_ _7\"></span>lated impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt loss<span class=\"_ _7\"></span>es. Havin<span class=\"_ _7\"></span>g consi<span class=\"_ _7\"></span>dered th<span class=\"_ _7\"></span>e future p<span class=\"_ _7\"></span>rospec<span class=\"_ _7\"></span>ts of the London insu<span class=\"_ _7\"></span>rance m<span class=\"_ _7\"></span>arket, the Board b<span class=\"_ _7\"></span>elieves th<span class=\"_ _7\"></span>at the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s owners<span class=\"_ _7\"></span>hip of Sy<span class=\"_ _7\"></span>ndicate ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y will p<span class=\"_ _7\"></span>rovide e<span class=\"_ _7\"></span>conom<span class=\"_ _7\"></span>ic ben<span class=\"_ _7\"></span>efits over an inde<span class=\"_ _7\"></span>finite numb<span class=\"_ _7\"></span>er of futu<span class=\"_ _7\"></span>re peri<span class=\"_ _7\"></span>ods. Th<span class=\"_ _7\"></span>is assu<span class=\"_ _7\"></span>mption is revi<span class=\"_ _7\"></span>ewed ann<span class=\"_ _7\"></span>ually to deter<span class=\"_ _7\"></span>mine wh<span class=\"_ _7\"></span>ether the a<span class=\"_ _7\"></span>sset co<span class=\"_ _7\"></span>ntinue<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o have an indefinite l<span class=\"_ _9\"></span>ife.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s int<span class=\"_ _7\"></span>angib<span class=\"_ _7\"></span>le ass<span class=\"_ _7\"></span>et relating to Sy<span class=\"_ _7\"></span>ndicate ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y has b<span class=\"_ _7\"></span>een a<span class=\"_ _7\"></span>llocated, for im<span class=\"_ _7\"></span>pair<span class=\"_ _7\"></span>ment testin<span class=\"_ _7\"></span>g purpo<span class=\"_ _7\"></span>ses, to one <span class=\"ls8 ws4\"> </span>indi<span class=\"_ _7\"></span>vidu<span class=\"_ _7\"></span>al CGU, being th<span class=\"_ _7\"></span>e active Lloyd\u2019<span class=\"_ _9\"></span>s corp<span class=\"_ _7\"></span>orate memb<span class=\"_ _7\"></span>er enti<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>. The a<span class=\"_ _7\"></span>sset is tested a<span class=\"_ _7\"></span>nnual<span class=\"_ _7\"></span>ly for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt base<span class=\"_ _7\"></span>d on its recover<span class=\"_ _7\"></span>able a<span class=\"_ _7\"></span>mount w<span class=\"_ _7\"></span>hich is c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered to be the hi<span class=\"_ _7\"></span>gher of the a<span class=\"_ _7\"></span>sset\u2019<span class=\"_ _9\"></span>s fair va<span class=\"_ _7\"></span>lue le<span class=\"_ _7\"></span>ss cos<span class=\"_ _7\"></span>ts t<span class=\"_ _9\"></span>o se<span class=\"_ _7\"></span>ll or its valu<span class=\"_ _7\"></span>e in use. Th<span class=\"_ _7\"></span>e value in use i<span class=\"_ _7\"></span>s determi<span class=\"_ _7\"></span>ned usi<span class=\"_ _7\"></span>ng cas<span class=\"_ _7\"></span>h flow projec<span class=\"_ _7\"></span>tions ba<span class=\"_ _7\"></span>sed on bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss pla<span class=\"_ _7\"></span>ns approved by ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>ment a<span class=\"_ _7\"></span>nd disco<span class=\"_ _7\"></span>unted at the app<span class=\"_ _7\"></span>licab<span class=\"_ _7\"></span>le W<span class=\"_ _9\"></span>ACC rate. A<span class=\"_ _9\"></span>t 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2023, the value in u<span class=\"_ _7\"></span>se or the fa<span class=\"_ _7\"></span>ir value l<span class=\"_ _7\"></span>ess co<span class=\"_ _7\"></span>st to sell exceed<span class=\"_ _7\"></span>ed the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng value of Syn<span class=\"_ _7\"></span>dicate ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d on the ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e sheet.<span class=\"_ _304\"> </span>(b) US state author<span class=\"_ _7\"></span>isation l<span class=\"_ _7\"></span>icen<span class=\"_ _7\"></span>ces<span class=\"_ _304\"> </span>In 2007<span class=\"_ _20\"></span>, the Grou<span class=\"_ _7\"></span>p acquire<span class=\"_ _7\"></span>d insur<span class=\"_ _7\"></span>ance au<span class=\"_ _7\"></span>thori<span class=\"_ _7\"></span>sation lic<span class=\"_ _7\"></span>enc<span class=\"_ _7\"></span>es for 50 US states a<span class=\"_ _7\"></span>s par<span class=\"_ _7\"></span>t of a bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s combi<span class=\"_ _7\"></span>nation. Th<span class=\"_ _7\"></span>e licen<span class=\"_ _7\"></span>ces a<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> allo<span class=\"_ _7\"></span>cated for imp<span class=\"_ _7\"></span>airm<span class=\"_ _7\"></span>ent testing to the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s Nor<span class=\"_ _7\"></span>th Am<span class=\"_ _7\"></span>eric<span class=\"_ _7\"></span>an un<span class=\"_ _7\"></span>der<span class=\"_ _7\"></span>wr<span class=\"_ _7\"></span>iting bus<span class=\"_ _7\"></span>ines<span class=\"_ _7\"></span>s. The c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng value of thi<span class=\"_ _7\"></span>s asset c<span class=\"_ _7\"></span>alcul<span class=\"_ _7\"></span>ated usin<span class=\"_ _7\"></span>g a projec<span class=\"_ _7\"></span>ted cash fl<span class=\"_ _7\"></span>ow based o<span class=\"_ _7\"></span>n busin<span class=\"_ _7\"></span>ess pl<span class=\"_ _7\"></span>ans ap<span class=\"_ _7\"></span>proved by manag<span class=\"_ _7\"></span>emen<span class=\"_ _7\"></span>t and disc<span class=\"_ _7\"></span>ounted at the s<span class=\"_ _7\"></span>ame rate use<span class=\"_ _7\"></span>d for goo<span class=\"_ _7\"></span>dwill, is tested a<span class=\"_ _7\"></span>nnual<span class=\"_ _7\"></span>ly for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt base<span class=\"_ _7\"></span>d on its valu<span class=\"_ _7\"></span>e in use, and the re<span class=\"_ _7\"></span>sults s<span class=\"_ _7\"></span>how no impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span>(c<span class=\"_ _9\"></span>) Sof<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ware and deve<span class=\"_ _7\"></span>lopme<span class=\"_ _7\"></span>nt costs<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup ca<span class=\"_ _7\"></span>pita<span class=\"_ _7\"></span>lises a<span class=\"_ _7\"></span>cquire<span class=\"_ _7\"></span>d sof<span class=\"_ _7\"></span>tware li<span class=\"_ _7\"></span>cens<span class=\"_ _7\"></span>es base<span class=\"_ _7\"></span>d on the co<span class=\"_ _7\"></span>sts incur<span class=\"_ _7\"></span>red. Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation is c<span class=\"_ _7\"></span>alcu<span class=\"_ _7\"></span>lated using th<span class=\"_ _7\"></span>e straig<span class=\"_ _7\"></span>ht<span class=\"_ _9\"></span>-line method ove<span class=\"_ _7\"></span>r a peri<span class=\"_ _7\"></span>od of three to ten year<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>Intern<span class=\"_ _7\"></span>ally deve<span class=\"_ _7\"></span>lope<span class=\"_ _7\"></span>d sof<span class=\"_ _7\"></span>tware is c<span class=\"_ _7\"></span>apit<span class=\"_ _7\"></span>alise<span class=\"_ _7\"></span>d only i<span class=\"_ _7\"></span>f future e<span class=\"_ _7\"></span>conom<span class=\"_ _7\"></span>ic ben<span class=\"_ _7\"></span>efits are pro<span class=\"_ _7\"></span>bable a<span class=\"_ _7\"></span>nd can b<span class=\"_ _7\"></span>e mea<span class=\"_ _7\"></span>sured re<span class=\"_ _7\"></span>liabl<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. Amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation of inter<span class=\"_ _7\"></span>nall<span class=\"_ _7\"></span>y develop<span class=\"_ _7\"></span>ed com<span class=\"_ _7\"></span>puter sof<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ware beg<span class=\"_ _7\"></span>ins whe<span class=\"_ _7\"></span>n the sof<span class=\"_ _7\"></span>twa<span class=\"_ _7\"></span>re is availab<span class=\"_ _7\"></span>le for use a<span class=\"_ _7\"></span>nd is all<span class=\"_ _7\"></span>ocated on a strai<span class=\"_ _7\"></span>ght<span class=\"_ _9\"></span>-line b<span class=\"_ _7\"></span>asis over the ex<span class=\"_ _7\"></span>pected u<span class=\"_ _7\"></span>seful li<span class=\"_ _7\"></span>fe of the asset.<span class=\"_ _304\"> </span>The u<span class=\"_ _7\"></span>seful l<span class=\"_ _7\"></span>ife of the ass<span class=\"_ _7\"></span>et is reviewed a<span class=\"_ _7\"></span>nnua<span class=\"_ _7\"></span>lly an<span class=\"_ _7\"></span>d, if dif<span class=\"_ _7\"></span>ferent f<span class=\"_ _7\"></span>rom previ<span class=\"_ _7\"></span>ous esti<span class=\"_ _7\"></span>mates, is revise<span class=\"_ _7\"></span>d accord<span class=\"_ _7\"></span>ingly w<span class=\"_ _7\"></span>ith the ch<span class=\"_ _7\"></span>ange <span class=\"ls8 ws4\"> </span>bei<span class=\"_ _7\"></span>ng acco<span class=\"_ _7\"></span>unted for as a ch<span class=\"_ _7\"></span>ange in a<span class=\"_ _7\"></span>ccou<span class=\"_ _7\"></span>nting estim<span class=\"_ _7\"></span>ates in acco<span class=\"_ _7\"></span>rdanc<span class=\"_ _7\"></span>e with IAS<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>8.<span class=\"_ _304\"> </span>The c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing valu<span class=\"_ _7\"></span>e of soft<span class=\"_ _7\"></span>ware a<span class=\"_ _7\"></span>nd develo<span class=\"_ _7\"></span>pment c<span class=\"_ _7\"></span>osts is reviewe<span class=\"_ _7\"></span>d for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt on an on<span class=\"_ _7\"></span>going ba<span class=\"_ _7\"></span>sis by referen<span class=\"_ _7\"></span>ce to the stage <span class=\"ls8 ws4\"> </span>and ex<span class=\"_ _7\"></span>pectati<span class=\"_ _7\"></span>on of a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>proje<span class=\"_ _7\"></span>ct. Addition<span class=\"_ _7\"></span>ally<span class=\"_ _9\"></span>, at the end of e<span class=\"_ _7\"></span>ach repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting per<span class=\"_ _7\"></span>iod, the Gro<span class=\"_ _7\"></span>up reviews the p<span class=\"_ _7\"></span>ositio<span class=\"_ _7\"></span>ns for any ind<span class=\"_ _7\"></span>ication <span class=\"ls8 ws4\"> </span>of impai<span class=\"_ _7\"></span>rme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>, an<span class=\"_ _7\"></span>d as a resu<span class=\"_ _7\"></span>lt of this impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt of $6.0 million wa<span class=\"_ _7\"></span>s record<span class=\"_ _7\"></span>ed in 2023 on Dire<span class=\"_ _7\"></span>ct<span class=\"_ _7\"></span>Asia bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss clas<span class=\"_ _7\"></span>sed a<span class=\"_ _7\"></span>s a dispos<span class=\"_ _7\"></span>al group h<span class=\"_ _7\"></span>eld for s<span class=\"_ _7\"></span>ale (2022<span class=\"_ _9\"></span>: $nil).<span class=\"_ _9\"></span> At 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023 there were $3<span class=\"_ _7\"></span>4<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1 millio<span class=\"_ _7\"></span>n of assets u<span class=\"_ _7\"></span>nder d<span class=\"_ _7\"></span>evelopme<span class=\"_ _7\"></span>nt on wh<span class=\"_ _7\"></span>ich amo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tisation i<span class=\"_ _7\"></span>s yet t<span class=\"_ _9\"></span>o be ch<span class=\"_ _7\"></span>arged <span class=\"ls8 ws4\"> </span>(202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.<span class=\"_ _9\"></span>7<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The a<span class=\"_ _7\"></span>ssets are ex<span class=\"_ _7\"></span>pected to be re<span class=\"_ _7\"></span>covered or s<span class=\"_ _7\"></span>ettle<span class=\"_ _7\"></span>d more than 1<span class=\"_ _9\"></span>2 months af<span class=\"_ _7\"></span>ter the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>ate and as suc<span class=\"_ _7\"></span>h are con<span class=\"_ _7\"></span>sidere<span class=\"_ _7\"></span>d to<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>be non-current<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>d) Rights t<span class=\"_ _9\"></span>o cus<span class=\"_ _9\"></span>tomer cont<span class=\"_ _9\"></span>ractual r<span class=\"_ _9\"></span>elationships (i<span class=\"_ _9\"></span>ncluded in ot<span class=\"_ _9\"></span>her)<span class=\"_ _304\"> </span>Intan<span class=\"_ _7\"></span>gible c<span class=\"_ _7\"></span>osts related to sec<span class=\"_ _7\"></span>uring c<span class=\"_ _7\"></span>ustomer c<span class=\"_ _7\"></span>ontractua<span class=\"_ _7\"></span>l relatio<span class=\"_ _7\"></span>nships a<span class=\"_ _7\"></span>re reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d as an as<span class=\"_ _7\"></span>set whe<span class=\"_ _7\"></span>re they can b<span class=\"_ _7\"></span>e identi<span class=\"_ _7\"></span>fied sep<span class=\"_ _7\"></span>arately an<span class=\"_ _7\"></span>d meas<span class=\"_ _7\"></span>ured rel<span class=\"_ _7\"></span>iabl<span class=\"_ _7\"></span>y and it is p<span class=\"_ _7\"></span>robabl<span class=\"_ _7\"></span>e that they will b<span class=\"_ _7\"></span>e recovere<span class=\"_ _7\"></span>d by directly re<span class=\"_ _7\"></span>lated fu<span class=\"_ _7\"></span>ture profits. The<span class=\"_ _7\"></span>se cos<span class=\"_ _7\"></span>ts are amo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>sed on a str<span class=\"_ _7\"></span>aight-line basi<span class=\"_ _7\"></span>s over the usef<span class=\"_ _7\"></span>ul eco<span class=\"_ _7\"></span>nomic l<span class=\"_ _7\"></span>ife whic<span class=\"_ _7\"></span>h is dee<span class=\"_ _7\"></span>med to be ten yea<span class=\"_ _7\"></span>rs and a<span class=\"_ _7\"></span>re car<span class=\"_ _7\"></span>ried at c<span class=\"_ _7\"></span>ost le<span class=\"_ _7\"></span>ss accu<span class=\"_ _7\"></span>mulated am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tisatio<span class=\"_ _7\"></span>n and imp<span class=\"_ _7\"></span>airme<span class=\"_ _7\"></span>nt los<span class=\"_ _7\"></span>ses.<span class=\"_ _304\"> </span>At the end of e<span class=\"_ _7\"></span>ach repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting per<span class=\"_ _7\"></span>iod, the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yin<span class=\"_ _7\"></span>g value a<span class=\"_ _7\"></span>rrive<span class=\"_ _7\"></span>d at using va<span class=\"_ _7\"></span>lue in us<span class=\"_ _7\"></span>e is tested for impa<span class=\"_ _7\"></span>irme<span class=\"_ _7\"></span>nt. V<span class=\"_ _9\"></span>alue in u<span class=\"_ _7\"></span>se is cal<span class=\"_ _7\"></span>culated us<span class=\"_ _7\"></span>ing the sa<span class=\"_ _7\"></span>me metho<span class=\"_ _7\"></span>d as des<span class=\"_ _7\"></span>crib<span class=\"_ _7\"></span>ed above for go<span class=\"_ _7\"></span>odwil<span class=\"_ _7\"></span>l and the s<span class=\"_ _7\"></span>ame dis<span class=\"_ _7\"></span>count rate use<span class=\"_ _7\"></span>d. The res<span class=\"_ _7\"></span>ults of this test <span class=\"ls8 ws4\"> </span>led to no im<span class=\"_ _7\"></span>pairm<span class=\"_ _7\"></span>ent cha<span class=\"_ _7\"></span>rge on inta<span class=\"_ _7\"></span>ngib<span class=\"_ _7\"></span>le rights to cus<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ome<span class=\"_ _7\"></span>r contra<span class=\"_ _7\"></span>ctual rel<span class=\"_ _7\"></span>ationsh<span class=\"_ _7\"></span>ips in 2023 (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: $n<span class=\"_ _7\"></span>il)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-397": {
   "value": "1<span class=\"_ _9\"></span>2 Prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty, plant a<span class=\"_ _7\"></span>nd eq<span class=\"_ _7\"></span>uipme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span><table class=\"s w3ff hbd\" id=\"_bfb9b928-591e-4f1b-92e9-1001b96156d5\"><tr><td></td><td></td><td></td><td class=\"t m0 x25e h43 y2056 ff64 fs28 fc2 sc0 lsf0 ws1b9\">Furniture<span class=\"_ _304\"> </span></td><td class=\"t m0 x265 h43 y2056 ff64 fs28 fc2 sc0 lsf3 ws13f\">Right<span class=\"_ _9\"></span>-of-use </td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x7b5 h43 y2057 ff64 fs28 fc2 sc0 lse4 ws15d\">fi<span class=\"_ _7\"></span>tti<span class=\"_ _7\"></span>ngs a<span class=\"_ _7\"></span>nd<span class=\"_ _304\"> </span></td><td class=\"t m0 x7b6 h43 y2057 ff64 fs28 fc2 sc0 ls8 ws4\">as<span class=\"_ _7\"></span>s<span class=\"_ _7\"></span>et<span class=\"_ _7\"></span>s: </td><td></td></tr><tr><td></td><td class=\"t m0 x7b7 h43 y2058 ff64 fs28 fc2 sc0 lsed ws139\">Land and<span class=\"_ _304\"> </span></td><td class=\"t m0 x7b8 h43 y2058 ff64 fs28 fc2 sc0 ls7c ws98\">Leasehold<span class=\"_ _304\"> </span></td><td class=\"t m0 x7b5 h43 y2058 ff64 fs28 fc2 sc0 ls117 ws246\">equipment<span class=\"_ _304\"> </span></td><td class=\"t m0 x4fd h43 y2058 ff64 fs28 fc2 sc0 ls8 ws4\">pr<span class=\"_ _7\"></span>op<span class=\"_ _7\"></span>e<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty </td><td></td></tr><tr><td></td><td class=\"t m0 x7b7 h43 y2059 ff64 fs28 fc2 sc0 ls131 ws1bc\">buildings<span class=\"_ _304\"> </span></td><td class=\"t m0 x271 h43 y2059 ff64 fs28 fc2 sc0 lsf0 ws1b9\">improvements </td><td class=\"t m0 x7b9 h43 y2059 ff64 fs28 fc2 sc0 lse4 ws15d\">an<span class=\"_ _7\"></span>d ar<span class=\"_ _7\"></span>t<span class=\"_ _304\"> </span></td><td class=\"t m0 x7ba h43 y2059 ff64 fs28 fc2 sc0 ls131 ws1b8\">and other<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h43 y2059 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x41e h43 y205a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h43 y205a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y205a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h43 y205a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y205a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y205b ff5f fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y205c w3d8 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x7bb y205c w400 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x7bc y205c wd4 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x7bd y205c w369 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">29.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x7be y205c w401 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">3<span class=\"_ _2c\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x7bf y205c w402 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">9<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y205d w3db h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Additions<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c0 y205d w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c1 y205d w109 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c2 y205d w163 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">20.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c3 y205d w403 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">52<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c4 y205d w404 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">73.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y205e w3dd h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws98\">Disposa<span class=\"_ _7\"></span>ls<span class=\"_ _304\"> </span></div></td><td class=\"c n x79c y205e w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x79d y205e w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c5 y205e w405 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c6 y205e w406 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>0.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c7 y205e w311 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(0.9<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y205f w407 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Dep<span class=\"_ _7\"></span>reciati<span class=\"_ _7\"></span>on cha<span class=\"_ _7\"></span>rge<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c8 y205f w408 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c9 y205f w2b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ca y205f w362 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4<span class=\"_ _7\"></span>.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7cb y205f w409 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">(16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7cc y205f w40a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>2.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2060 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n x7cd y2060 w3ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x764 y2060 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ce y2060 w40b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7cf y2060 w33c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(2<span class=\"_ _9\"></span>.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d0 y2060 w40c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2061 w3e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing net book<span class=\"_ _9\"></span> amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d1 y2061 w40d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">1<span class=\"_ _9\"></span>8.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d2 y2061 w40e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d3 y2061 we1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">4<span class=\"_ _7\"></span>3.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d4 y2061 w6d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls100 ws14f\">70<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d5 y2061 w117 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2062 ff5f fs7 fc2 sc0 ls38 ws41\">At 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2022  </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2063 w3ce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">Cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d6 y2063 w40f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">26<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d7 y2063 w410 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">13<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d8 y2063 wbb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">8<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x7d9 y2063 w411 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x7da y2063 w412 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2064 w413 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Accumulat<span class=\"_ _9\"></span>ed depreciat<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span></div></td><td class=\"c n x7db y2064 w414 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">(8.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7dc y2064 w415 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7dd y2064 w416 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7de y2064 w4a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7df y2064 w417 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(10<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>.4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2065 w3d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e0 y2065 w418 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">1<span class=\"_ _9\"></span>8.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e1 y2065 w40e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e2 y2065 we1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">4<span class=\"_ _7\"></span>3.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e3 y2065 w6d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls100 ws14f\">70<span class=\"_ _7\"></span>.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x62b y2065 w117 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y2066 ff64 fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar ende<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2067 w3d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e4 y2067 w419 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e5 y2067 w41a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x49d y2067 w102 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">43.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e6 y2067 w41b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb4 wsd1\">70.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e7 y2067 w23a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2068 w3db h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Additions<span class=\"_ _304\"> </span></div></td><td class=\"c n x7c0 y2068 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e8 y2068 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e9 y2068 w41c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ea y2068 w183 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7eb y2068 w41d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls155 ws204\">14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2069 w3dd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws98\">Disposa<span class=\"_ _7\"></span>ls<span class=\"_ _304\"> </span></div></td><td class=\"c n x79c y2069 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x79d y2069 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ec y2069 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ed y2069 w41e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ee y2069 w3ac h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y206a w407 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Dep<span class=\"_ _7\"></span>reciati<span class=\"_ _7\"></span>on cha<span class=\"_ _7\"></span>rge<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ef y206a w41f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f0 y206a w2d3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f1 y206a w420 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f2 y206a w266 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f3 y206a w421 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">(19<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y206b w422 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls21 ws26\">Impa<span class=\"_ _9\"></span>irment<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f4 y206b w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f5 y206b w423 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>0.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f6 y206b w16a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f7 y206b w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f8 y206b w102 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(0.6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y206c w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f9 y206c w68 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x7fa y206c w424 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x7fb y206c wed h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7fc y206c w3f6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x7fd y206c w68 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">5.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y206d w3e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing net book<span class=\"_ _9\"></span> amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x7fe y206d w183 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>8<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ff y206d w179 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x800 y206d w2b5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls16f ws230\">41.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x801 y206d w17b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">72.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x802 y206d we0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y206e ff64 fs7 fc2 sc0 ls38 ws41\">At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cembe<span class=\"_ _7\"></span>r 2023  </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2022 w3ce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">Cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x803 y2022 w425 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x804 y2022 w2e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x805 y2022 w6e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">8<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x806 y2022 w426 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x807 y2022 w8a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">258.<span class=\"_ _9\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2034 w413 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Accumulat<span class=\"_ _9\"></span>ed depreciat<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span></div></td><td class=\"c n x808 y2034 w427 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">(10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x809 y2034 w2ae h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(<span class=\"_ _7\"></span>12.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x80a y2034 w128 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4<span class=\"_ _7\"></span>3.<span class=\"_ _7\"></span>6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x80b y2034 w285 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(59.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x80c y2034 w428 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>6.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed7 w3d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x80d y1ed7 w2e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x80e y1ed7 w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x80f y1ed7 w2c6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls16f ws230\">41.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x810 y1ed7 w230 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">7<span class=\"_ _7\"></span>2.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x811 y1ed7 w41 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w429 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Les<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>: as<span class=\"_ _7\"></span>sets held fo<span class=\"_ _7\"></span>r sale<span class=\"_ _304\"> </span></div></td><td class=\"c n x812 y1ed8 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x813 y1ed8 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x814 y1ed8 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x31e y1ed8 w42a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(2.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x815 y1ed8 w42a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w3d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net book amount<span class=\"_ _304\"> </span></div></td><td class=\"c n x80d y1e80 w2e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x80e y1e80 w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x80f y1e80 w2c6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls16f ws230\">41.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x816 y1e80 w42b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb4 wsd1\">70<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x817 y1e80 w4a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s la<span class=\"_ _7\"></span>nd and b<span class=\"_ _7\"></span>uildin<span class=\"_ _7\"></span>gs ass<span class=\"_ _7\"></span>ets relate to freeho<span class=\"_ _7\"></span>ld prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty in th<span class=\"_ _7\"></span>e UK. T<span class=\"_ _7\"></span>here was no i<span class=\"_ _7\"></span>mpair<span class=\"_ _7\"></span>ment c<span class=\"_ _7\"></span>harge on th<span class=\"_ _7\"></span>ese as<span class=\"_ _7\"></span>sets<span class=\"_ _304\"> </span> dur<span class=\"_ _7\"></span>ing the yea<span class=\"_ _7\"></span>r (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: $n<span class=\"_ _7\"></span>il)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span> The a<span class=\"_ _7\"></span>ssets are ex<span class=\"_ _7\"></span>pected to be re<span class=\"_ _7\"></span>covered or s<span class=\"_ _7\"></span>ettle<span class=\"_ _7\"></span>d more than 1<span class=\"_ _9\"></span>2 months af<span class=\"_ _7\"></span>ter the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>ate and as suc<span class=\"_ _7\"></span>h are con<span class=\"_ _7\"></span>sidere<span class=\"_ _7\"></span>d to<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>be non-current<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The i<span class=\"_ _7\"></span>ncom<span class=\"_ _7\"></span>e from sub<span class=\"_ _7\"></span>leas<span class=\"_ _7\"></span>ing rig<span class=\"_ _7\"></span>ht<span class=\"_ _9\"></span>-of-use ass<span class=\"_ _7\"></span>ets amou<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>ed to $0.4 millio<span class=\"_ _7\"></span>n (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$<span class=\"_ _7\"></span>0<span class=\"_ _9\"></span>.6<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion)<span class=\"_ _9\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-398": {
   "value": "<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls39 ws43 gscf7\">1<span class=\"_ _9\"></span>3<span class=\"_ _9\"></span> Subsidia<span class=\"_ _7\"></span>ries, associates and interests in other entities<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscf8\">Thi<span class=\"_ _7\"></span>s note provides d<span class=\"_ _7\"></span>etails of the S<span class=\"_ _7\"></span>yndi<span class=\"_ _7\"></span>cates and S<span class=\"_ _7\"></span>peci<span class=\"_ _7\"></span>al Purp<span class=\"_ _7\"></span>ose Insu<span class=\"_ _7\"></span>rers (SPI) man<span class=\"_ _7\"></span>aged by the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>, the ac<span class=\"_ _7\"></span>quisi<span class=\"_ _7\"></span>tion and <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscf9\">disp<span class=\"_ _7\"></span>osal of su<span class=\"_ _7\"></span>bsidi<span class=\"_ _7\"></span>arie<span class=\"_ _7\"></span>s and as<span class=\"_ _7\"></span>soci<span class=\"_ _7\"></span>ates duri<span class=\"_ _7\"></span>ng the year a<span class=\"_ _7\"></span>nd investme<span class=\"_ _7\"></span>nts in ass<span class=\"_ _7\"></span>ociates.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gscfa\">(<span class=\"_ _9\"></span>a) Subsidiaries<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscfb\">Hisc<span class=\"_ _7\"></span>ox Dedic<span class=\"_ _7\"></span>ated Corp<span class=\"_ _7\"></span>orate Memb<span class=\"_ _7\"></span>er Lim<span class=\"_ _7\"></span>ited (HDCM<span class=\"_ _7\"></span>) unde<span class=\"_ _7\"></span>rw<span class=\"_ _7\"></span>rites as a c<span class=\"_ _7\"></span>orpo<span class=\"_ _7\"></span>rate membe<span class=\"_ _7\"></span>r of Lloyd\u2019<span class=\"_ _9\"></span>s on the main S<span class=\"_ _7\"></span>yndi<span class=\"_ _7\"></span>cates </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscfc\">man<span class=\"_ _7\"></span>aged by His<span class=\"_ _7\"></span>cox Syndi<span class=\"_ _7\"></span>cates Lim<span class=\"_ _7\"></span>ited (the mai<span class=\"_ _7\"></span>n manag<span class=\"_ _7\"></span>ed Sy<span class=\"_ _7\"></span>ndicates n<span class=\"_ _7\"></span>umbe<span class=\"_ _7\"></span>red 33 an<span class=\"_ _7\"></span>d 362<span class=\"_ _9\"></span>4<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscfd\">As at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mber<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023, HDCM own<span class=\"_ _7\"></span>ed 72<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>6% of Syndi<span class=\"_ _7\"></span>cate<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>33 (202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>7<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>.6<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span>), and 1<span class=\"_ _9\"></span>00% of Synd<span class=\"_ _7\"></span>icate<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>362<span class=\"_ _9\"></span>4 (2<span class=\"_ _9\"></span>022:<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>100%<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>. In view <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscfe\">of the severa<span class=\"_ _7\"></span>l but not jo<span class=\"_ _7\"></span>int liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y of unde<span class=\"_ _7\"></span>rw<span class=\"_ _7\"></span>ritin<span class=\"_ _7\"></span>g memb<span class=\"_ _7\"></span>ers at L<span class=\"_ _7\"></span>loyd<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s for the tra<span class=\"_ _7\"></span>nsactio<span class=\"_ _7\"></span>ns of Syn<span class=\"_ _7\"></span>dicates in w<span class=\"_ _7\"></span>hich they p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ticipate, <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gscff\">the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s attri<span class=\"_ _7\"></span>butab<span class=\"_ _7\"></span>le sha<span class=\"_ _7\"></span>re of the transa<span class=\"_ _7\"></span>ctions, as<span class=\"_ _7\"></span>sets and l<span class=\"_ _7\"></span>iabili<span class=\"_ _7\"></span>ties of the<span class=\"_ _7\"></span>se Syn<span class=\"_ _7\"></span>dicates h<span class=\"_ _7\"></span>as bee<span class=\"_ _7\"></span>n inclu<span class=\"_ _7\"></span>ded in th<span class=\"_ _7\"></span>e financ<span class=\"_ _7\"></span>ial </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd00\">stateme<span class=\"_ _7\"></span>nts. The Gro<span class=\"_ _7\"></span>up man<span class=\"_ _7\"></span>ages the u<span class=\"_ _7\"></span>nder<span class=\"_ _7\"></span>w<span class=\"_ _7\"></span>riting of, but doe<span class=\"_ _7\"></span>s not par<span class=\"_ _7\"></span>tic<span class=\"_ _7\"></span>ipate as a memb<span class=\"_ _7\"></span>er of<span class=\"_ _9\"></span>, Sy<span class=\"_ _7\"></span>ndic<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>61<span class=\"_ _a\"></span>0<span class=\"_ _7\"></span>4 at Lloyd\u2019<span class=\"_ _9\"></span>s which </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd01\">provid<span class=\"_ _7\"></span>es rein<span class=\"_ _7\"></span>suranc<span class=\"_ _7\"></span>e to Syndic<span class=\"_ _7\"></span>ate<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>33 on a nor<span class=\"_ _7\"></span>mal co<span class=\"_ _7\"></span>mmerc<span class=\"_ _7\"></span>ial bas<span class=\"_ _7\"></span>is. Conse<span class=\"_ _7\"></span>que<span class=\"_ _7\"></span>ntly<span class=\"_ _a\"></span>, a<span class=\"_ _7\"></span>side f<span class=\"_ _7\"></span>rom the rece<span class=\"_ _7\"></span>ipt of manag<span class=\"_ _7\"></span>ing age<span class=\"_ _7\"></span>ncy <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd02\">fee<span class=\"_ _7\"></span>s, defined p<span class=\"_ _7\"></span>rofit comm<span class=\"_ _7\"></span>issio<span class=\"_ _7\"></span>ns as ap<span class=\"_ _7\"></span>propri<span class=\"_ _7\"></span>ate and interest a<span class=\"_ _7\"></span>risin<span class=\"_ _7\"></span>g on ef<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ve assets in<span class=\"_ _7\"></span>clude<span class=\"_ _7\"></span>d within th<span class=\"_ _7\"></span>e exper<span class=\"_ _7\"></span>ienc<span class=\"_ _7\"></span>e acco<span class=\"_ _7\"></span>unt,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd03\">the Gro<span class=\"_ _7\"></span>up has no s<span class=\"_ _7\"></span>hare in the a<span class=\"_ _7\"></span>ssets, lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s or tran<span class=\"_ _7\"></span>sactio<span class=\"_ _7\"></span>ns of Synd<span class=\"_ _7\"></span>icate<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>6<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>04. The pos<span class=\"_ _7\"></span>ition a<span class=\"_ _7\"></span>nd per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>manc<span class=\"_ _7\"></span>e of that Synd<span class=\"_ _7\"></span>icate <span class=\"_ _a\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd04\">is the<span class=\"_ _7\"></span>refore not inclu<span class=\"_ _7\"></span>ded in th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al stateme<span class=\"_ _7\"></span>nts.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 lsd5 ws213 gsd05\">(<span class=\"_ _7\"></span>b) S<span class=\"_ _7\"></span>PI<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsd06\">The Kiskadee Diversified Fun<span class=\"_ _9\"></span>d and Kiskadee Select Fun<span class=\"_ _9\"></span>d were laun<span class=\"_ _9\"></span>ched in 20<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>4 t<span class=\"_ _9\"></span>o pr<span class=\"_ _9\"></span>ovide in<span class=\"_ _9\"></span>vestment opportunities t<span class=\"_ _9\"></span>o<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd07\">institu<span class=\"_ _7\"></span>tional i<span class=\"_ _7\"></span>nvestors in prop<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y catastro<span class=\"_ _7\"></span>phe rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce and in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce-lin<span class=\"_ _7\"></span>ked strategie<span class=\"_ _7\"></span>s. The fu<span class=\"_ _7\"></span>nds are m<span class=\"_ _7\"></span>anage<span class=\"_ _7\"></span>d by<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd08\">Hisc<span class=\"_ _7\"></span>ox Re Insura<span class=\"_ _7\"></span>nce Li<span class=\"_ _7\"></span>nked Strategie<span class=\"_ _7\"></span>s Limi<span class=\"_ _7\"></span>ted (forme<span class=\"_ _7\"></span>rly k<span class=\"_ _7\"></span>nown as K<span class=\"_ _7\"></span>iskad<span class=\"_ _7\"></span>ee Investme<span class=\"_ _7\"></span>nt Man<span class=\"_ _7\"></span>ager<span class=\"_ _7\"></span>s Limited<span class=\"_ _7\"></span>) whic<span class=\"_ _7\"></span>h is a whol<span class=\"_ _7\"></span>ly </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsd09\">owned subsidiary of t<span class=\"_ _9\"></span>he Group<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd0a\">The K<span class=\"_ _7\"></span>isk<span class=\"_ _7\"></span>adee L<span class=\"_ _7\"></span>atitude Fund wa<span class=\"_ _7\"></span>s launc<span class=\"_ _7\"></span>hed in 201<span class=\"_ _a\"></span>9 to give investors a<span class=\"_ _7\"></span>cces<span class=\"_ _7\"></span>s to a more diver<span class=\"_ _7\"></span>se por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio of ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd0b\">reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e risks, w<span class=\"_ _7\"></span>ith les<span class=\"_ _7\"></span>s focus on p<span class=\"_ _7\"></span>ure prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty c<span class=\"_ _7\"></span>atastroph<span class=\"_ _7\"></span>e risk. T<span class=\"_ _7\"></span>he fun<span class=\"_ _7\"></span>d is mana<span class=\"_ _7\"></span>ged by Hisc<span class=\"_ _7\"></span>ox Re Insura<span class=\"_ _7\"></span>nce Li<span class=\"_ _7\"></span>nked </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd0c\">Strategi<span class=\"_ _7\"></span>es Lim<span class=\"_ _7\"></span>ited whic<span class=\"_ _7\"></span>h is a who<span class=\"_ _7\"></span>lly owne<span class=\"_ _7\"></span>d subsi<span class=\"_ _7\"></span>diar<span class=\"_ _7\"></span>y of the G<span class=\"_ _7\"></span>roup.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsd0d\">The Group det<span class=\"_ _9\"></span>ermined tha<span class=\"_ _9\"></span>t it does not<span class=\"_ _9\"></span> control<span class=\"_ _9\"></span> the Kiskadee Diversified F<span class=\"_ _9\"></span>und, t<span class=\"_ _9\"></span>he Kiskadee Select Fund<span class=\"_ _9\"></span> and the Kiskadee<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd0e\">Lati<span class=\"_ _7\"></span>tude Fund. Hen<span class=\"_ _7\"></span>ce they are not c<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dated.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd0f\">The K<span class=\"_ _7\"></span>isk<span class=\"_ _7\"></span>adee Cad<span class=\"_ _7\"></span>ence Fun<span class=\"_ _7\"></span>d was launc<span class=\"_ _7\"></span>hed in D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mber<span class=\"_ gs2e8\"> </span><span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>01<span class=\"_ _a\"></span>9 to achi<span class=\"_ _7\"></span>eve attracti<span class=\"_ _7\"></span>ve risk<span class=\"_ _9\"></span>-adju<span class=\"_ _7\"></span>sted returns by inves<span class=\"_ _7\"></span>ting pri<span class=\"_ _7\"></span>mari<span class=\"_ _7\"></span>ly in <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd10\">a world<span class=\"_ _7\"></span>wide re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce a<span class=\"_ _7\"></span>nd retroces<span class=\"_ _7\"></span>sion p<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tfol<span class=\"_ _7\"></span>io and the K<span class=\"_ _7\"></span>isk<span class=\"_ _7\"></span>adee Se<span class=\"_ _7\"></span>lec<span class=\"_ _7\"></span>t Plus Fund was lau<span class=\"_ _7\"></span>nche<span class=\"_ _7\"></span>d in Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>1 to achieve </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd11\">attr<span class=\"_ _7\"></span>active ris<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span>-adjusted retur<span class=\"_ _7\"></span>ns that have low co<span class=\"_ _7\"></span>rrelatio<span class=\"_ _7\"></span>n to broader fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l mar<span class=\"_ _7\"></span>kets b<span class=\"_ _9\"></span>y investi<span class=\"_ _7\"></span>ng prim<span class=\"_ _7\"></span>aril<span class=\"_ _7\"></span>y in a diver<span class=\"_ _7\"></span>sifie<span class=\"_ _7\"></span>d,<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsd12\">worldwide pr<span class=\"_ _9\"></span>oper<span class=\"_ _7\"></span>ty catastrophe<span class=\"_ _9\"></span> reinsurance and r<span class=\"_ _9\"></span>etrocession port<span class=\"_ _7\"></span>fol<span class=\"_ _9\"></span>io,<span class=\"_ _9\"></span> including a portion o<span class=\"_ _9\"></span>f non-catastr<span class=\"_ _9\"></span>ophe reinsurance<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd13\">The<span class=\"_ _7\"></span>se fu<span class=\"_ _7\"></span>nds are se<span class=\"_ _7\"></span>greg<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed a<span class=\"_ _7\"></span>ccoun<span class=\"_ _7\"></span>ts of Kiska<span class=\"_ _7\"></span>dee ILS Fund SAC Ltd<span class=\"_ _9\"></span>, wh<span class=\"_ _7\"></span>ich is ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>d by Hiscox Re Insu<span class=\"_ _7\"></span>rance L<span class=\"_ _7\"></span>inked<span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd14\">Strategi<span class=\"_ _7\"></span>es Lim<span class=\"_ _7\"></span>ited, a wholl<span class=\"_ _7\"></span>y owned su<span class=\"_ _7\"></span>bsidi<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>e Group d<span class=\"_ _7\"></span>etermin<span class=\"_ _7\"></span>ed that it do<span class=\"_ _7\"></span>es con<span class=\"_ _7\"></span>trol these f<span class=\"_ _7\"></span>unds a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd15\">hen<span class=\"_ _7\"></span>ce they are c<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dated.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd16\">As at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mber<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023, the Grou<span class=\"_ _7\"></span>p recog<span class=\"_ _7\"></span>nised a fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>set at fair val<span class=\"_ _7\"></span>ue of $35.4<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>m<span class=\"_ _7\"></span>illio<span class=\"_ _7\"></span>n (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$4<span class=\"_ _7\"></span>5.<span class=\"_ _9\"></span>3<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion) in rel<span class=\"_ _7\"></span>ation to<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd17\">its investm<span class=\"_ _7\"></span>ent in the u<span class=\"_ _7\"></span>ncons<span class=\"_ _7\"></span>olidated f<span class=\"_ _7\"></span>unds (note<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>7)<span class=\"_ _9\"></span>. In as<span class=\"_ _7\"></span>ses<span class=\"_ _7\"></span>sing the m<span class=\"_ _7\"></span>ax<span class=\"_ _7\"></span>imum exp<span class=\"_ _7\"></span>osure to loss f<span class=\"_ _7\"></span>rom its intere<span class=\"_ _7\"></span>st in the fu<span class=\"_ _7\"></span>nds, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd18\">the Gro<span class=\"_ _7\"></span>up has deter<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>d it is no gre<span class=\"_ _7\"></span>ater than the fa<span class=\"_ _7\"></span>ir value re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised a<span class=\"_ _7\"></span>s at the bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet date. The total size of the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd19\">unc<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dated fun<span class=\"_ _7\"></span>ds was $505 m<span class=\"_ _7\"></span>illion at 31<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023 (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$6<span class=\"_ _7\"></span>00<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion)<span class=\"_ _9\"></span>. In add<span class=\"_ _7\"></span>ition to the return o<span class=\"_ _7\"></span>n the finan<span class=\"_ _7\"></span>cial a<span class=\"_ _7\"></span>sset, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd1a\">the Gro<span class=\"_ _7\"></span>up also re<span class=\"_ _7\"></span>ceive<span class=\"_ _7\"></span>s fee inc<span class=\"_ _7\"></span>ome throu<span class=\"_ _7\"></span>gh Hisc<span class=\"_ _7\"></span>ox Re Insuran<span class=\"_ _7\"></span>ce Lin<span class=\"_ _7\"></span>ked Strategie<span class=\"_ _7\"></span>s Limi<span class=\"_ _7\"></span>ted and His<span class=\"_ _7\"></span>cox Insura<span class=\"_ _7\"></span>nce Com<span class=\"_ _7\"></span>pany </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsd1b\">(Bermuda) Limit<span class=\"_ _9\"></span>ed, bo<span class=\"_ _9\"></span>th wholly o<span class=\"_ _9\"></span>wned subsidiaries, under<span class=\"_ _9\"></span> normal commercial terms<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd1c\">The G<span class=\"_ _7\"></span>roup is exp<span class=\"_ _7\"></span>osed to cred<span class=\"_ _7\"></span>it ris<span class=\"_ _7\"></span>k assoc<span class=\"_ _7\"></span>iated with re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s on ris<span class=\"_ _7\"></span>ks fronted for the S<span class=\"_ _7\"></span>PIs. Not<span class=\"_ _9\"></span>e<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>3.3(d) discu<span class=\"_ _7\"></span>sses <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd1d\">how the Gro<span class=\"_ _7\"></span>up mana<span class=\"_ _7\"></span>ges cre<span class=\"_ _7\"></span>dit ri<span class=\"_ _7\"></span>sk ass<span class=\"_ _7\"></span>ociated wi<span class=\"_ _7\"></span>th reinsu<span class=\"_ _7\"></span>rance a<span class=\"_ _7\"></span>ssets. Th<span class=\"_ _7\"></span>e oper<span class=\"_ _7\"></span>ations of the fu<span class=\"_ _7\"></span>nds an<span class=\"_ _7\"></span>d SPIs are fina<span class=\"_ _7\"></span>nced </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd1e\">throug<span class=\"_ _7\"></span>h the issu<span class=\"_ _7\"></span>ance of prefe<span class=\"_ _7\"></span>renc<span class=\"_ _7\"></span>e share<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o ex<span class=\"_ _7\"></span>terna<span class=\"_ _7\"></span>l investors. Th<span class=\"_ _7\"></span>e Group do<span class=\"_ _7\"></span>es not intend to provid<span class=\"_ _7\"></span>e any fur<span class=\"_ _7\"></span>the<span class=\"_ _7\"></span>r fina<span class=\"_ _7\"></span>ncial </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd1f\">supp<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>t to the funds o<span class=\"_ _7\"></span>r SPIs.<span class=\"_ _304\"> </span></div>(c<span class=\"_ _9\"></span>) Investme<span class=\"_ _7\"></span>nts in as<span class=\"_ _7\"></span>sociates<span class=\"_ _304\"> </span>Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar ende<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er<span class=\"_ _304\"> </span><table class=\"s w42c hbe\" id=\"_d67f1083-c903-455a-9827-596ceeaa0a40\"><tr><td></td><td class=\"t m0 x26c h43 y206f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y206f ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y2070 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y2070 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2071 w42d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">At begi<span class=\"_ _7\"></span>nning of yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x818 y2071 w3cb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">5.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x2b4 y2071 w69 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2072 w42e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Dis<span class=\"_ _7\"></span>posa<span class=\"_ _7\"></span>ls duri<span class=\"_ _7\"></span>ng the year<span class=\"_ _304\"> </span></div></td><td class=\"c n x819 y2072 w16a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(<span class=\"_ _7\"></span>5.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x81a y2072 w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2073 w42f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws89\">Distributions received<span class=\"_ _304\"> </span></div></td><td class=\"c n x81b y2073 w4d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x81c y2073 w311 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(0.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w430 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net profit f<span class=\"_ _7\"></span>rom investme<span class=\"_ _7\"></span>nts in as<span class=\"_ _7\"></span>sociates<span class=\"_ _304\"> </span></div></td><td class=\"c n x81d y1f86 w179 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x81e y1f86 w110 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n x81f y1ed8 w3cb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">0.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x820 y1ed8 w2b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w431 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">At end of yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x821 y1e80 w68 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x822 y1e80 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5.6<span class=\"_ _304\"> </span></div></td></tr></table>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s intere<span class=\"_ _7\"></span>sts in its pr<span class=\"_ _7\"></span>incip<span class=\"_ _7\"></span>al asso<span class=\"_ _7\"></span>ciates, all of w<span class=\"_ _7\"></span>hich are u<span class=\"_ _7\"></span>nlisted, were as fo<span class=\"_ _7\"></span>llows:<span class=\"_ _304\"> </span><table class=\"s w432 hbf\" id=\"_b60d3a6b-a167-4f43-bdcb-8b80362fb963\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x823 h43 y2074 ff64 fs28 fc2 sc0 lsed ws139\">1<span class=\"_ _9\"></span>00% results<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x362 h43 y2075 ff64 fs28 fc2 sc0 ls7c ws98\">Assets<span class=\"_ _304\"> </span></td><td class=\"t m0 x6f2 h43 y2075 ff64 fs28 fc2 sc0 ls131 ws1bc\">Liabilitie<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x41c h43 y2075 ff64 fs28 fc2 sc0 ls143 ws1e4\">Reven<span class=\"_ _7\"></span>ues<span class=\"_ _304\"> </span></td><td class=\"t m0 x824 h43 y2075 ff64 fs28 fc2 sc0 lse4 ws15d\">Pro<span class=\"_ _7\"></span>fit a<span class=\"_ _7\"></span>fte<span class=\"_ _7\"></span>r ta<span class=\"_ _7\"></span>x<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x825 h43 y2076 ff64 fs28 fc2 sc0 lse4 ws15d\">% inte<span class=\"_ _7\"></span>re<span class=\"_ _7\"></span>st he<span class=\"_ _7\"></span>ld at 31 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>be<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h43 y2076 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y2076 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h43 y2076 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y2076 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb h25 y2077 ff64 fs7 fc2 sc0 ls83 ws11d\">2023<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2051 w433 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ass<span class=\"_ _7\"></span>ociates in<span class=\"_ _7\"></span>corp<span class=\"_ _7\"></span>orated in the UK<span class=\"_ _304\"> </span></div></td><td class=\"c n x826 y2051 w434 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsfe ws14d\">3<span class=\"_ _7\"></span>2%<span class=\"_ _304\"> </span></div></td><td class=\"c n x827 y2051 w435 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x828 y2051 wed h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x829 y2051 w436 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">5.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x82a y2051 w437 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2052 w438 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Associat<span class=\"_ _9\"></span>es incorporat<span class=\"_ _9\"></span>ed in Eur<span class=\"_ _9\"></span>ope<span class=\"_ _304\"> </span></div></td><td class=\"c n x82b y2052 w439 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb0 wscd\">26%<span class=\"_ _304\"> </span></div></td><td class=\"c n x82c y2052 w3f6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x82d y2052 w41c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x82e y2052 w435 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x33f y2052 w7c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2078 w43a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al at the en<span class=\"_ _7\"></span>d of 2023<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x82f y2078 w2e7 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">5.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x830 y2078 w43b h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb3 wsd0\">3.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x831 y2078 wee h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">8<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x832 y2078 w41a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2009 ff5f fs7 fc2 sc0 ls87 ws11c\">2022<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f86 w43c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ass<span class=\"_ _7\"></span>ociates in<span class=\"_ _7\"></span>corp<span class=\"_ _7\"></span>orated in the UK a<span class=\"_ _7\"></span>nd USA<span class=\"_ _304\"> </span></div></td><td class=\"c n x833 y1f86 w43d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">f<span class=\"_ _7\"></span>rom 32<span class=\"_ _9\"></span>% to 35<span class=\"_ _9\"></span>%<span class=\"_ _304\"> </span></div></td><td class=\"c n x834 y1f86 w43e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">10<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x835 y1f86 w69 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">6<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x836 y1f86 w3e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x837 y1f86 w110 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w438 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Associat<span class=\"_ _9\"></span>es incorporat<span class=\"_ _9\"></span>ed in Eur<span class=\"_ _9\"></span>ope<span class=\"_ _304\"> </span></div></td><td class=\"c n x838 y1ed8 w43f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">f<span class=\"_ _7\"></span>rom 26<span class=\"_ _9\"></span>% to 35<span class=\"_ _9\"></span>%<span class=\"_ _304\"> </span></div></td><td class=\"c n x839 y1ed8 w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x83a y1ed8 w440 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">5.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x83b y1ed8 w1f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x83c y1ed8 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w442 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal at th<span class=\"_ _7\"></span>e end of 2022<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x83d y1e80 w443 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">18<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x83e y1e80 wac h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x83f y1e80 w444 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">15<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x840 y1e80 w228 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.9<span class=\"_ _304\"> </span></div></td></tr></table>The e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y intere<span class=\"_ _7\"></span>sts held by the G<span class=\"_ _7\"></span>roup in res<span class=\"_ _7\"></span>pec<span class=\"_ _7\"></span>t of assoc<span class=\"_ _7\"></span>iates do not have quoted ma<span class=\"_ _7\"></span>rket pric<span class=\"_ _7\"></span>es an<span class=\"_ _7\"></span>d are not trade<span class=\"_ _7\"></span>d regul<span class=\"_ _7\"></span>arly i<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> any acti<span class=\"_ _7\"></span>ve recog<span class=\"_ _7\"></span>nised m<span class=\"_ _7\"></span>arket. The as<span class=\"_ _7\"></span>soci<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>es c<span class=\"_ _7\"></span>once<span class=\"_ _7\"></span>rne<span class=\"_ _7\"></span>d have no materia<span class=\"_ _7\"></span>l impac<span class=\"_ _7\"></span>t on the resu<span class=\"_ _7\"></span>lts or as<span class=\"_ _7\"></span>sets of the Group. The a<span class=\"_ _7\"></span>ssets are ex<span class=\"_ _7\"></span>pected to be re<span class=\"_ _7\"></span>covered or s<span class=\"_ _7\"></span>ettle<span class=\"_ _7\"></span>d more than 1<span class=\"_ _9\"></span>2 months af<span class=\"_ _7\"></span>ter the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>ate and as suc<span class=\"_ _7\"></span>h are con<span class=\"_ _7\"></span>sidere<span class=\"_ _7\"></span>d to<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>be non-current<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-487": {
   "value": "1<span class=\"_ _9\"></span>3<span class=\"_ _9\"></span> Subsidia<span class=\"_ _7\"></span>ries, associates and interests in other entities<span class=\"_ _304\"> </span>Thi<span class=\"_ _7\"></span>s note provides d<span class=\"_ _7\"></span>etails of the S<span class=\"_ _7\"></span>yndi<span class=\"_ _7\"></span>cates and S<span class=\"_ _7\"></span>peci<span class=\"_ _7\"></span>al Purp<span class=\"_ _7\"></span>ose Insu<span class=\"_ _7\"></span>rers (SPI) man<span class=\"_ _7\"></span>aged by the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>, the ac<span class=\"_ _7\"></span>quisi<span class=\"_ _7\"></span>tion and <span class=\"ls8 ws4\"> </span>disp<span class=\"_ _7\"></span>osal of su<span class=\"_ _7\"></span>bsidi<span class=\"_ _7\"></span>arie<span class=\"_ _7\"></span>s and as<span class=\"_ _7\"></span>soci<span class=\"_ _7\"></span>ates duri<span class=\"_ _7\"></span>ng the year a<span class=\"_ _7\"></span>nd investme<span class=\"_ _7\"></span>nts in ass<span class=\"_ _7\"></span>ociates.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Subsidiaries<span class=\"_ _304\"> </span>Hisc<span class=\"_ _7\"></span>ox Dedic<span class=\"_ _7\"></span>ated Corp<span class=\"_ _7\"></span>orate Memb<span class=\"_ _7\"></span>er Lim<span class=\"_ _7\"></span>ited (HDCM<span class=\"_ _7\"></span>) unde<span class=\"_ _7\"></span>rw<span class=\"_ _7\"></span>rites as a c<span class=\"_ _7\"></span>orpo<span class=\"_ _7\"></span>rate membe<span class=\"_ _7\"></span>r of Lloyd\u2019<span class=\"_ _9\"></span>s on the main S<span class=\"_ _7\"></span>yndi<span class=\"_ _7\"></span>cates man<span class=\"_ _7\"></span>aged by His<span class=\"_ _7\"></span>cox Syndi<span class=\"_ _7\"></span>cates Lim<span class=\"_ _7\"></span>ited (the mai<span class=\"_ _7\"></span>n manag<span class=\"_ _7\"></span>ed Sy<span class=\"_ _7\"></span>ndicates n<span class=\"_ _7\"></span>umbe<span class=\"_ _7\"></span>red 33 an<span class=\"_ _7\"></span>d 362<span class=\"_ _9\"></span>4<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>As at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mber<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023, HDCM own<span class=\"_ _7\"></span>ed 72<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>6% of Syndi<span class=\"_ _7\"></span>cate<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>33 (202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>7<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>.6<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span>), and 1<span class=\"_ _9\"></span>00% of Synd<span class=\"_ _7\"></span>icate<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>362<span class=\"_ _9\"></span>4 (2<span class=\"_ _9\"></span>022:<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>100%<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>. In view <span class=\"ls8 ws4\"> </span>of the severa<span class=\"_ _7\"></span>l but not jo<span class=\"_ _7\"></span>int liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y of unde<span class=\"_ _7\"></span>rw<span class=\"_ _7\"></span>ritin<span class=\"_ _7\"></span>g memb<span class=\"_ _7\"></span>ers at L<span class=\"_ _7\"></span>loyd<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s for the tra<span class=\"_ _7\"></span>nsactio<span class=\"_ _7\"></span>ns of Syn<span class=\"_ _7\"></span>dicates in w<span class=\"_ _7\"></span>hich they p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ticipate, <span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s attri<span class=\"_ _7\"></span>butab<span class=\"_ _7\"></span>le sha<span class=\"_ _7\"></span>re of the transa<span class=\"_ _7\"></span>ctions, as<span class=\"_ _7\"></span>sets and l<span class=\"_ _7\"></span>iabili<span class=\"_ _7\"></span>ties of the<span class=\"_ _7\"></span>se Syn<span class=\"_ _7\"></span>dicates h<span class=\"_ _7\"></span>as bee<span class=\"_ _7\"></span>n inclu<span class=\"_ _7\"></span>ded in th<span class=\"_ _7\"></span>e financ<span class=\"_ _7\"></span>ial stateme<span class=\"_ _7\"></span>nts. The Gro<span class=\"_ _7\"></span>up man<span class=\"_ _7\"></span>ages the u<span class=\"_ _7\"></span>nder<span class=\"_ _7\"></span>w<span class=\"_ _7\"></span>riting of, but doe<span class=\"_ _7\"></span>s not par<span class=\"_ _7\"></span>tic<span class=\"_ _7\"></span>ipate as a memb<span class=\"_ _7\"></span>er of<span class=\"_ _9\"></span>, Sy<span class=\"_ _7\"></span>ndic<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>61<span class=\"_ _a\"></span>0<span class=\"_ _7\"></span>4 at Lloyd\u2019<span class=\"_ _9\"></span>s which provid<span class=\"_ _7\"></span>es rein<span class=\"_ _7\"></span>suranc<span class=\"_ _7\"></span>e to Syndic<span class=\"_ _7\"></span>ate<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>33 on a nor<span class=\"_ _7\"></span>mal co<span class=\"_ _7\"></span>mmerc<span class=\"_ _7\"></span>ial bas<span class=\"_ _7\"></span>is. Conse<span class=\"_ _7\"></span>que<span class=\"_ _7\"></span>ntly<span class=\"_ _a\"></span>, a<span class=\"_ _7\"></span>side f<span class=\"_ _7\"></span>rom the rece<span class=\"_ _7\"></span>ipt of manag<span class=\"_ _7\"></span>ing age<span class=\"_ _7\"></span>ncy <span class=\"ls8 ws4\"> </span>fee<span class=\"_ _7\"></span>s, defined p<span class=\"_ _7\"></span>rofit comm<span class=\"_ _7\"></span>issio<span class=\"_ _7\"></span>ns as ap<span class=\"_ _7\"></span>propri<span class=\"_ _7\"></span>ate and interest a<span class=\"_ _7\"></span>risin<span class=\"_ _7\"></span>g on ef<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ve assets in<span class=\"_ _7\"></span>clude<span class=\"_ _7\"></span>d within th<span class=\"_ _7\"></span>e exper<span class=\"_ _7\"></span>ienc<span class=\"_ _7\"></span>e acco<span class=\"_ _7\"></span>unt,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _7\"></span>up has no s<span class=\"_ _7\"></span>hare in the a<span class=\"_ _7\"></span>ssets, lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s or tran<span class=\"_ _7\"></span>sactio<span class=\"_ _7\"></span>ns of Synd<span class=\"_ _7\"></span>icate<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>6<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>04. The pos<span class=\"_ _7\"></span>ition a<span class=\"_ _7\"></span>nd per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>manc<span class=\"_ _7\"></span>e of that Synd<span class=\"_ _7\"></span>icate <span class=\"_ _a\"></span><span class=\"ls8 ws4\"> </span>is the<span class=\"_ _7\"></span>refore not inclu<span class=\"_ _7\"></span>ded in th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al stateme<span class=\"_ _7\"></span>nts.<span class=\"_ _304\"> </span>(<span class=\"_ _7\"></span>b) S<span class=\"_ _7\"></span>PI<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>The Kiskadee Diversified Fun<span class=\"_ _9\"></span>d and Kiskadee Select Fun<span class=\"_ _9\"></span>d were laun<span class=\"_ _9\"></span>ched in 20<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>4 t<span class=\"_ _9\"></span>o pr<span class=\"_ _9\"></span>ovide in<span class=\"_ _9\"></span>vestment opportunities t<span class=\"_ _9\"></span>o<span class=\"_ _9\"></span> institu<span class=\"_ _7\"></span>tional i<span class=\"_ _7\"></span>nvestors in prop<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y catastro<span class=\"_ _7\"></span>phe rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce and in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce-lin<span class=\"_ _7\"></span>ked strategie<span class=\"_ _7\"></span>s. The fu<span class=\"_ _7\"></span>nds are m<span class=\"_ _7\"></span>anage<span class=\"_ _7\"></span>d by<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>Hisc<span class=\"_ _7\"></span>ox Re Insura<span class=\"_ _7\"></span>nce Li<span class=\"_ _7\"></span>nked Strategie<span class=\"_ _7\"></span>s Limi<span class=\"_ _7\"></span>ted (forme<span class=\"_ _7\"></span>rly k<span class=\"_ _7\"></span>nown as K<span class=\"_ _7\"></span>iskad<span class=\"_ _7\"></span>ee Investme<span class=\"_ _7\"></span>nt Man<span class=\"_ _7\"></span>ager<span class=\"_ _7\"></span>s Limited<span class=\"_ _7\"></span>) whic<span class=\"_ _7\"></span>h is a whol<span class=\"_ _7\"></span>ly owned subsidiary of t<span class=\"_ _9\"></span>he Group<span class=\"_ _9\"></span>. The K<span class=\"_ _7\"></span>isk<span class=\"_ _7\"></span>adee L<span class=\"_ _7\"></span>atitude Fund wa<span class=\"_ _7\"></span>s launc<span class=\"_ _7\"></span>hed in 201<span class=\"_ _a\"></span>9 to give investors a<span class=\"_ _7\"></span>cces<span class=\"_ _7\"></span>s to a more diver<span class=\"_ _7\"></span>se por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio of ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e and reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e risks, w<span class=\"_ _7\"></span>ith les<span class=\"_ _7\"></span>s focus on p<span class=\"_ _7\"></span>ure prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty c<span class=\"_ _7\"></span>atastroph<span class=\"_ _7\"></span>e risk. T<span class=\"_ _7\"></span>he fun<span class=\"_ _7\"></span>d is mana<span class=\"_ _7\"></span>ged by Hisc<span class=\"_ _7\"></span>ox Re Insura<span class=\"_ _7\"></span>nce Li<span class=\"_ _7\"></span>nked Strategi<span class=\"_ _7\"></span>es Lim<span class=\"_ _7\"></span>ited whic<span class=\"_ _7\"></span>h is a who<span class=\"_ _7\"></span>lly owne<span class=\"_ _7\"></span>d subsi<span class=\"_ _7\"></span>diar<span class=\"_ _7\"></span>y of the G<span class=\"_ _7\"></span>roup.<span class=\"_ _304\"> </span>The Group det<span class=\"_ _9\"></span>ermined tha<span class=\"_ _9\"></span>t it does not<span class=\"_ _9\"></span> control<span class=\"_ _9\"></span> the Kiskadee Diversified F<span class=\"_ _9\"></span>und, t<span class=\"_ _9\"></span>he Kiskadee Select Fund<span class=\"_ _9\"></span> and the Kiskadee<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>Lati<span class=\"_ _7\"></span>tude Fund. Hen<span class=\"_ _7\"></span>ce they are not c<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dated.<span class=\"_ _304\"> </span>The K<span class=\"_ _7\"></span>isk<span class=\"_ _7\"></span>adee Cad<span class=\"_ _7\"></span>ence Fun<span class=\"_ _7\"></span>d was launc<span class=\"_ _7\"></span>hed in D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mber<span class=\"_ gs2e8\"> </span><span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>01<span class=\"_ _a\"></span>9 to achi<span class=\"_ _7\"></span>eve attracti<span class=\"_ _7\"></span>ve risk<span class=\"_ _9\"></span>-adju<span class=\"_ _7\"></span>sted returns by inves<span class=\"_ _7\"></span>ting pri<span class=\"_ _7\"></span>mari<span class=\"_ _7\"></span>ly in <span class=\"ls8 ws4\"> </span>a world<span class=\"_ _7\"></span>wide re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce a<span class=\"_ _7\"></span>nd retroces<span class=\"_ _7\"></span>sion p<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tfol<span class=\"_ _7\"></span>io and the K<span class=\"_ _7\"></span>isk<span class=\"_ _7\"></span>adee Se<span class=\"_ _7\"></span>lec<span class=\"_ _7\"></span>t Plus Fund was lau<span class=\"_ _7\"></span>nche<span class=\"_ _7\"></span>d in Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>1 to achieve attr<span class=\"_ _7\"></span>active ris<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span>-adjusted retur<span class=\"_ _7\"></span>ns that have low co<span class=\"_ _7\"></span>rrelatio<span class=\"_ _7\"></span>n to broader fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l mar<span class=\"_ _7\"></span>kets b<span class=\"_ _9\"></span>y investi<span class=\"_ _7\"></span>ng prim<span class=\"_ _7\"></span>aril<span class=\"_ _7\"></span>y in a diver<span class=\"_ _7\"></span>sifie<span class=\"_ _7\"></span>d,<span class=\"_ _9\"></span> worldwide pr<span class=\"_ _9\"></span>oper<span class=\"_ _7\"></span>ty catastrophe<span class=\"_ _9\"></span> reinsurance and r<span class=\"_ _9\"></span>etrocession port<span class=\"_ _7\"></span>fol<span class=\"_ _9\"></span>io,<span class=\"_ _9\"></span> including a portion o<span class=\"_ _9\"></span>f non-catastr<span class=\"_ _9\"></span>ophe reinsurance<span class=\"_ _9\"></span>. The<span class=\"_ _7\"></span>se fu<span class=\"_ _7\"></span>nds are se<span class=\"_ _7\"></span>greg<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed a<span class=\"_ _7\"></span>ccoun<span class=\"_ _7\"></span>ts of Kiska<span class=\"_ _7\"></span>dee ILS Fund SAC Ltd<span class=\"_ _9\"></span>, wh<span class=\"_ _7\"></span>ich is ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>d by Hiscox Re Insu<span class=\"_ _7\"></span>rance L<span class=\"_ _7\"></span>inked<span class=\"ls8 ws4\"> </span>Strategi<span class=\"_ _7\"></span>es Lim<span class=\"_ _7\"></span>ited, a wholl<span class=\"_ _7\"></span>y owned su<span class=\"_ _7\"></span>bsidi<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>e Group d<span class=\"_ _7\"></span>etermin<span class=\"_ _7\"></span>ed that it do<span class=\"_ _7\"></span>es con<span class=\"_ _7\"></span>trol these f<span class=\"_ _7\"></span>unds a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span>hen<span class=\"_ _7\"></span>ce they are c<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dated.<span class=\"_ _304\"> </span>As at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mber<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023, the Grou<span class=\"_ _7\"></span>p recog<span class=\"_ _7\"></span>nised a fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>set at fair val<span class=\"_ _7\"></span>ue of $35.4<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>m<span class=\"_ _7\"></span>illio<span class=\"_ _7\"></span>n (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$4<span class=\"_ _7\"></span>5.<span class=\"_ _9\"></span>3<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion) in rel<span class=\"_ _7\"></span>ation to<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>its investm<span class=\"_ _7\"></span>ent in the u<span class=\"_ _7\"></span>ncons<span class=\"_ _7\"></span>olidated f<span class=\"_ _7\"></span>unds (note<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>7)<span class=\"_ _9\"></span>. In as<span class=\"_ _7\"></span>ses<span class=\"_ _7\"></span>sing the m<span class=\"_ _7\"></span>ax<span class=\"_ _7\"></span>imum exp<span class=\"_ _7\"></span>osure to loss f<span class=\"_ _7\"></span>rom its intere<span class=\"_ _7\"></span>st in the fu<span class=\"_ _7\"></span>nds, the Gro<span class=\"_ _7\"></span>up has deter<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>d it is no gre<span class=\"_ _7\"></span>ater than the fa<span class=\"_ _7\"></span>ir value re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised a<span class=\"_ _7\"></span>s at the bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet date. The total size of the unc<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dated fun<span class=\"_ _7\"></span>ds was $505 m<span class=\"_ _7\"></span>illion at 31<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023 (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$6<span class=\"_ _7\"></span>00<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion)<span class=\"_ _9\"></span>. In add<span class=\"_ _7\"></span>ition to the return o<span class=\"_ _7\"></span>n the finan<span class=\"_ _7\"></span>cial a<span class=\"_ _7\"></span>sset, the Gro<span class=\"_ _7\"></span>up also re<span class=\"_ _7\"></span>ceive<span class=\"_ _7\"></span>s fee inc<span class=\"_ _7\"></span>ome throu<span class=\"_ _7\"></span>gh Hisc<span class=\"_ _7\"></span>ox Re Insuran<span class=\"_ _7\"></span>ce Lin<span class=\"_ _7\"></span>ked Strategie<span class=\"_ _7\"></span>s Limi<span class=\"_ _7\"></span>ted and His<span class=\"_ _7\"></span>cox Insura<span class=\"_ _7\"></span>nce Com<span class=\"_ _7\"></span>pany (Bermuda) Limit<span class=\"_ _9\"></span>ed, bo<span class=\"_ _9\"></span>th wholly o<span class=\"_ _9\"></span>wned subsidiaries, under<span class=\"_ _9\"></span> normal commercial terms<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup is exp<span class=\"_ _7\"></span>osed to cred<span class=\"_ _7\"></span>it ris<span class=\"_ _7\"></span>k assoc<span class=\"_ _7\"></span>iated with re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s on ris<span class=\"_ _7\"></span>ks fronted for the S<span class=\"_ _7\"></span>PIs. Not<span class=\"_ _9\"></span>e<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>3.3(d) discu<span class=\"_ _7\"></span>sses <span class=\"ls8 ws4\"> </span>how the Gro<span class=\"_ _7\"></span>up mana<span class=\"_ _7\"></span>ges cre<span class=\"_ _7\"></span>dit ri<span class=\"_ _7\"></span>sk ass<span class=\"_ _7\"></span>ociated wi<span class=\"_ _7\"></span>th reinsu<span class=\"_ _7\"></span>rance a<span class=\"_ _7\"></span>ssets. Th<span class=\"_ _7\"></span>e oper<span class=\"_ _7\"></span>ations of the fu<span class=\"_ _7\"></span>nds an<span class=\"_ _7\"></span>d SPIs are fina<span class=\"_ _7\"></span>nced throug<span class=\"_ _7\"></span>h the issu<span class=\"_ _7\"></span>ance of prefe<span class=\"_ _7\"></span>renc<span class=\"_ _7\"></span>e share<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o ex<span class=\"_ _7\"></span>terna<span class=\"_ _7\"></span>l investors. Th<span class=\"_ _7\"></span>e Group do<span class=\"_ _7\"></span>es not intend to provid<span class=\"_ _7\"></span>e any fur<span class=\"_ _7\"></span>the<span class=\"_ _7\"></span>r fina<span class=\"_ _7\"></span>ncial supp<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>t to the funds o<span class=\"_ _7\"></span>r SPIs.<span class=\"_ _304\"> </span>(c<span class=\"_ _9\"></span>) Investme<span class=\"_ _7\"></span>nts in as<span class=\"_ _7\"></span>sociates<span class=\"_ _304\"> </span>Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar ende<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er<span class=\"_ _304\"> </span><table class=\"s w42c hbe\" id=\"_d67f1083-c903-455a-9827-596ceeaa0a40\"><tr><td></td><td class=\"t m0 x26c h43 y206f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y206f ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y2070 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y2070 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2071 w42d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">At begi<span class=\"_ _7\"></span>nning of yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x818 y2071 w3cb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">5.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x2b4 y2071 w69 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2072 w42e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Dis<span class=\"_ _7\"></span>posa<span class=\"_ _7\"></span>ls duri<span class=\"_ _7\"></span>ng the year<span class=\"_ _304\"> </span></div></td><td class=\"c n x819 y2072 w16a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(<span class=\"_ _7\"></span>5.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x81a y2072 w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2073 w42f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws89\">Distributions received<span class=\"_ _304\"> </span></div></td><td class=\"c n x81b y2073 w4d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x81c y2073 w311 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(0.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w430 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net profit f<span class=\"_ _7\"></span>rom investme<span class=\"_ _7\"></span>nts in as<span class=\"_ _7\"></span>sociates<span class=\"_ _304\"> </span></div></td><td class=\"c n x81d y1f86 w179 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x81e y1f86 w110 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n x81f y1ed8 w3cb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">0.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x820 y1ed8 w2b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w431 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">At end of yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x821 y1e80 w68 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x822 y1e80 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5.6<span class=\"_ _304\"> </span></div></td></tr></table>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s intere<span class=\"_ _7\"></span>sts in its pr<span class=\"_ _7\"></span>incip<span class=\"_ _7\"></span>al asso<span class=\"_ _7\"></span>ciates, all of w<span class=\"_ _7\"></span>hich are u<span class=\"_ _7\"></span>nlisted, were as fo<span class=\"_ _7\"></span>llows:<span class=\"_ _304\"> </span><table class=\"s w432 hbf\" id=\"_b60d3a6b-a167-4f43-bdcb-8b80362fb963\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x823 h43 y2074 ff64 fs28 fc2 sc0 lsed ws139\">1<span class=\"_ _9\"></span>00% results<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x362 h43 y2075 ff64 fs28 fc2 sc0 ls7c ws98\">Assets<span class=\"_ _304\"> </span></td><td class=\"t m0 x6f2 h43 y2075 ff64 fs28 fc2 sc0 ls131 ws1bc\">Liabilitie<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x41c h43 y2075 ff64 fs28 fc2 sc0 ls143 ws1e4\">Reven<span class=\"_ _7\"></span>ues<span class=\"_ _304\"> </span></td><td class=\"t m0 x824 h43 y2075 ff64 fs28 fc2 sc0 lse4 ws15d\">Pro<span class=\"_ _7\"></span>fit a<span class=\"_ _7\"></span>fte<span class=\"_ _7\"></span>r ta<span class=\"_ _7\"></span>x<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x825 h43 y2076 ff64 fs28 fc2 sc0 lse4 ws15d\">% inte<span class=\"_ _7\"></span>re<span class=\"_ _7\"></span>st he<span class=\"_ _7\"></span>ld at 31 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>be<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h43 y2076 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y2076 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h43 y2076 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y2076 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb h25 y2077 ff64 fs7 fc2 sc0 ls83 ws11d\">2023<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2051 w433 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ass<span class=\"_ _7\"></span>ociates in<span class=\"_ _7\"></span>corp<span class=\"_ _7\"></span>orated in the UK<span class=\"_ _304\"> </span></div></td><td class=\"c n x826 y2051 w434 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsfe ws14d\">3<span class=\"_ _7\"></span>2%<span class=\"_ _304\"> </span></div></td><td class=\"c n x827 y2051 w435 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x828 y2051 wed h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x829 y2051 w436 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">5.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x82a y2051 w437 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2052 w438 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Associat<span class=\"_ _9\"></span>es incorporat<span class=\"_ _9\"></span>ed in Eur<span class=\"_ _9\"></span>ope<span class=\"_ _304\"> </span></div></td><td class=\"c n x82b y2052 w439 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb0 wscd\">26%<span class=\"_ _304\"> </span></div></td><td class=\"c n x82c y2052 w3f6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x82d y2052 w41c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x82e y2052 w435 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x33f y2052 w7c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2078 w43a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al at the en<span class=\"_ _7\"></span>d of 2023<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x82f y2078 w2e7 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">5.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x830 y2078 w43b h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb3 wsd0\">3.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x831 y2078 wee h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">8<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x832 y2078 w41a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2009 ff5f fs7 fc2 sc0 ls87 ws11c\">2022<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f86 w43c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ass<span class=\"_ _7\"></span>ociates in<span class=\"_ _7\"></span>corp<span class=\"_ _7\"></span>orated in the UK a<span class=\"_ _7\"></span>nd USA<span class=\"_ _304\"> </span></div></td><td class=\"c n x833 y1f86 w43d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">f<span class=\"_ _7\"></span>rom 32<span class=\"_ _9\"></span>% to 35<span class=\"_ _9\"></span>%<span class=\"_ _304\"> </span></div></td><td class=\"c n x834 y1f86 w43e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">10<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x835 y1f86 w69 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">6<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x836 y1f86 w3e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x837 y1f86 w110 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w438 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Associat<span class=\"_ _9\"></span>es incorporat<span class=\"_ _9\"></span>ed in Eur<span class=\"_ _9\"></span>ope<span class=\"_ _304\"> </span></div></td><td class=\"c n x838 y1ed8 w43f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">f<span class=\"_ _7\"></span>rom 26<span class=\"_ _9\"></span>% to 35<span class=\"_ _9\"></span>%<span class=\"_ _304\"> </span></div></td><td class=\"c n x839 y1ed8 w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x83a y1ed8 w440 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">5.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x83b y1ed8 w1f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x83c y1ed8 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w442 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal at th<span class=\"_ _7\"></span>e end of 2022<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x83d y1e80 w443 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">18<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x83e y1e80 wac h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x83f y1e80 w444 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">15<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x840 y1e80 w228 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.9<span class=\"_ _304\"> </span></div></td></tr></table>The e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y intere<span class=\"_ _7\"></span>sts held by the G<span class=\"_ _7\"></span>roup in res<span class=\"_ _7\"></span>pec<span class=\"_ _7\"></span>t of assoc<span class=\"_ _7\"></span>iates do not have quoted ma<span class=\"_ _7\"></span>rket pric<span class=\"_ _7\"></span>es an<span class=\"_ _7\"></span>d are not trade<span class=\"_ _7\"></span>d regul<span class=\"_ _7\"></span>arly i<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> any acti<span class=\"_ _7\"></span>ve recog<span class=\"_ _7\"></span>nised m<span class=\"_ _7\"></span>arket. The as<span class=\"_ _7\"></span>soci<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>es c<span class=\"_ _7\"></span>once<span class=\"_ _7\"></span>rne<span class=\"_ _7\"></span>d have no materia<span class=\"_ _7\"></span>l impac<span class=\"_ _7\"></span>t on the resu<span class=\"_ _7\"></span>lts or as<span class=\"_ _7\"></span>sets of the Group. The a<span class=\"_ _7\"></span>ssets are ex<span class=\"_ _7\"></span>pected to be re<span class=\"_ _7\"></span>covered or s<span class=\"_ _7\"></span>ettle<span class=\"_ _7\"></span>d more than 1<span class=\"_ _9\"></span>2 months af<span class=\"_ _7\"></span>ter the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>ate and as suc<span class=\"_ _7\"></span>h are con<span class=\"_ _7\"></span>sidere<span class=\"_ _7\"></span>d to<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>be non-current<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-474": {
   "value": "1<span class=\"_ _9\"></span>3<span class=\"_ _9\"></span> Subsidia<span class=\"_ _7\"></span>ries, associates and interests in other entities<span class=\"_ _304\"> </span>Thi<span class=\"_ _7\"></span>s note provides d<span class=\"_ _7\"></span>etails of the S<span class=\"_ _7\"></span>yndi<span class=\"_ _7\"></span>cates and S<span class=\"_ _7\"></span>peci<span class=\"_ _7\"></span>al Purp<span class=\"_ _7\"></span>ose Insu<span class=\"_ _7\"></span>rers (SPI) man<span class=\"_ _7\"></span>aged by the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>, the ac<span class=\"_ _7\"></span>quisi<span class=\"_ _7\"></span>tion and <span class=\"ls8 ws4\"> </span>disp<span class=\"_ _7\"></span>osal of su<span class=\"_ _7\"></span>bsidi<span class=\"_ _7\"></span>arie<span class=\"_ _7\"></span>s and as<span class=\"_ _7\"></span>soci<span class=\"_ _7\"></span>ates duri<span class=\"_ _7\"></span>ng the year a<span class=\"_ _7\"></span>nd investme<span class=\"_ _7\"></span>nts in ass<span class=\"_ _7\"></span>ociates.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Subsidiaries<span class=\"_ _304\"> </span>Hisc<span class=\"_ _7\"></span>ox Dedic<span class=\"_ _7\"></span>ated Corp<span class=\"_ _7\"></span>orate Memb<span class=\"_ _7\"></span>er Lim<span class=\"_ _7\"></span>ited (HDCM<span class=\"_ _7\"></span>) unde<span class=\"_ _7\"></span>rw<span class=\"_ _7\"></span>rites as a c<span class=\"_ _7\"></span>orpo<span class=\"_ _7\"></span>rate membe<span class=\"_ _7\"></span>r of Lloyd\u2019<span class=\"_ _9\"></span>s on the main S<span class=\"_ _7\"></span>yndi<span class=\"_ _7\"></span>cates man<span class=\"_ _7\"></span>aged by His<span class=\"_ _7\"></span>cox Syndi<span class=\"_ _7\"></span>cates Lim<span class=\"_ _7\"></span>ited (the mai<span class=\"_ _7\"></span>n manag<span class=\"_ _7\"></span>ed Sy<span class=\"_ _7\"></span>ndicates n<span class=\"_ _7\"></span>umbe<span class=\"_ _7\"></span>red 33 an<span class=\"_ _7\"></span>d 362<span class=\"_ _9\"></span>4<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>As at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mber<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023, HDCM own<span class=\"_ _7\"></span>ed 72<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>6% of Syndi<span class=\"_ _7\"></span>cate<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>33 (202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>7<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>.6<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span>), and 1<span class=\"_ _9\"></span>00% of Synd<span class=\"_ _7\"></span>icate<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>362<span class=\"_ _9\"></span>4 (2<span class=\"_ _9\"></span>022:<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>100%<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>. In view <span class=\"ls8 ws4\"> </span>of the severa<span class=\"_ _7\"></span>l but not jo<span class=\"_ _7\"></span>int liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y of unde<span class=\"_ _7\"></span>rw<span class=\"_ _7\"></span>ritin<span class=\"_ _7\"></span>g memb<span class=\"_ _7\"></span>ers at L<span class=\"_ _7\"></span>loyd<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s for the tra<span class=\"_ _7\"></span>nsactio<span class=\"_ _7\"></span>ns of Syn<span class=\"_ _7\"></span>dicates in w<span class=\"_ _7\"></span>hich they p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ticipate, <span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s attri<span class=\"_ _7\"></span>butab<span class=\"_ _7\"></span>le sha<span class=\"_ _7\"></span>re of the transa<span class=\"_ _7\"></span>ctions, as<span class=\"_ _7\"></span>sets and l<span class=\"_ _7\"></span>iabili<span class=\"_ _7\"></span>ties of the<span class=\"_ _7\"></span>se Syn<span class=\"_ _7\"></span>dicates h<span class=\"_ _7\"></span>as bee<span class=\"_ _7\"></span>n inclu<span class=\"_ _7\"></span>ded in th<span class=\"_ _7\"></span>e financ<span class=\"_ _7\"></span>ial stateme<span class=\"_ _7\"></span>nts. The Gro<span class=\"_ _7\"></span>up man<span class=\"_ _7\"></span>ages the u<span class=\"_ _7\"></span>nder<span class=\"_ _7\"></span>w<span class=\"_ _7\"></span>riting of, but doe<span class=\"_ _7\"></span>s not par<span class=\"_ _7\"></span>tic<span class=\"_ _7\"></span>ipate as a memb<span class=\"_ _7\"></span>er of<span class=\"_ _9\"></span>, Sy<span class=\"_ _7\"></span>ndic<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>61<span class=\"_ _a\"></span>0<span class=\"_ _7\"></span>4 at Lloyd\u2019<span class=\"_ _9\"></span>s which provid<span class=\"_ _7\"></span>es rein<span class=\"_ _7\"></span>suranc<span class=\"_ _7\"></span>e to Syndic<span class=\"_ _7\"></span>ate<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>33 on a nor<span class=\"_ _7\"></span>mal co<span class=\"_ _7\"></span>mmerc<span class=\"_ _7\"></span>ial bas<span class=\"_ _7\"></span>is. Conse<span class=\"_ _7\"></span>que<span class=\"_ _7\"></span>ntly<span class=\"_ _a\"></span>, a<span class=\"_ _7\"></span>side f<span class=\"_ _7\"></span>rom the rece<span class=\"_ _7\"></span>ipt of manag<span class=\"_ _7\"></span>ing age<span class=\"_ _7\"></span>ncy <span class=\"ls8 ws4\"> </span>fee<span class=\"_ _7\"></span>s, defined p<span class=\"_ _7\"></span>rofit comm<span class=\"_ _7\"></span>issio<span class=\"_ _7\"></span>ns as ap<span class=\"_ _7\"></span>propri<span class=\"_ _7\"></span>ate and interest a<span class=\"_ _7\"></span>risin<span class=\"_ _7\"></span>g on ef<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ve assets in<span class=\"_ _7\"></span>clude<span class=\"_ _7\"></span>d within th<span class=\"_ _7\"></span>e exper<span class=\"_ _7\"></span>ienc<span class=\"_ _7\"></span>e acco<span class=\"_ _7\"></span>unt,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _7\"></span>up has no s<span class=\"_ _7\"></span>hare in the a<span class=\"_ _7\"></span>ssets, lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s or tran<span class=\"_ _7\"></span>sactio<span class=\"_ _7\"></span>ns of Synd<span class=\"_ _7\"></span>icate<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>6<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>04. The pos<span class=\"_ _7\"></span>ition a<span class=\"_ _7\"></span>nd per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>manc<span class=\"_ _7\"></span>e of that Synd<span class=\"_ _7\"></span>icate <span class=\"_ _a\"></span><span class=\"ls8 ws4\"> </span>is the<span class=\"_ _7\"></span>refore not inclu<span class=\"_ _7\"></span>ded in th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al stateme<span class=\"_ _7\"></span>nts.<span class=\"_ _304\"> </span>(<span class=\"_ _7\"></span>b) S<span class=\"_ _7\"></span>PI<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>The Kiskadee Diversified Fun<span class=\"_ _9\"></span>d and Kiskadee Select Fun<span class=\"_ _9\"></span>d were laun<span class=\"_ _9\"></span>ched in 20<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>4 t<span class=\"_ _9\"></span>o pr<span class=\"_ _9\"></span>ovide in<span class=\"_ _9\"></span>vestment opportunities t<span class=\"_ _9\"></span>o<span class=\"_ _9\"></span> institu<span class=\"_ _7\"></span>tional i<span class=\"_ _7\"></span>nvestors in prop<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y catastro<span class=\"_ _7\"></span>phe rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce and in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce-lin<span class=\"_ _7\"></span>ked strategie<span class=\"_ _7\"></span>s. The fu<span class=\"_ _7\"></span>nds are m<span class=\"_ _7\"></span>anage<span class=\"_ _7\"></span>d by<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>Hisc<span class=\"_ _7\"></span>ox Re Insura<span class=\"_ _7\"></span>nce Li<span class=\"_ _7\"></span>nked Strategie<span class=\"_ _7\"></span>s Limi<span class=\"_ _7\"></span>ted (forme<span class=\"_ _7\"></span>rly k<span class=\"_ _7\"></span>nown as K<span class=\"_ _7\"></span>iskad<span class=\"_ _7\"></span>ee Investme<span class=\"_ _7\"></span>nt Man<span class=\"_ _7\"></span>ager<span class=\"_ _7\"></span>s Limited<span class=\"_ _7\"></span>) whic<span class=\"_ _7\"></span>h is a whol<span class=\"_ _7\"></span>ly owned subsidiary of t<span class=\"_ _9\"></span>he Group<span class=\"_ _9\"></span>. The K<span class=\"_ _7\"></span>isk<span class=\"_ _7\"></span>adee L<span class=\"_ _7\"></span>atitude Fund wa<span class=\"_ _7\"></span>s launc<span class=\"_ _7\"></span>hed in 201<span class=\"_ _a\"></span>9 to give investors a<span class=\"_ _7\"></span>cces<span class=\"_ _7\"></span>s to a more diver<span class=\"_ _7\"></span>se por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio of ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e and reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e risks, w<span class=\"_ _7\"></span>ith les<span class=\"_ _7\"></span>s focus on p<span class=\"_ _7\"></span>ure prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty c<span class=\"_ _7\"></span>atastroph<span class=\"_ _7\"></span>e risk. T<span class=\"_ _7\"></span>he fun<span class=\"_ _7\"></span>d is mana<span class=\"_ _7\"></span>ged by Hisc<span class=\"_ _7\"></span>ox Re Insura<span class=\"_ _7\"></span>nce Li<span class=\"_ _7\"></span>nked Strategi<span class=\"_ _7\"></span>es Lim<span class=\"_ _7\"></span>ited whic<span class=\"_ _7\"></span>h is a who<span class=\"_ _7\"></span>lly owne<span class=\"_ _7\"></span>d subsi<span class=\"_ _7\"></span>diar<span class=\"_ _7\"></span>y of the G<span class=\"_ _7\"></span>roup.<span class=\"_ _304\"> </span>The Group det<span class=\"_ _9\"></span>ermined tha<span class=\"_ _9\"></span>t it does not<span class=\"_ _9\"></span> control<span class=\"_ _9\"></span> the Kiskadee Diversified F<span class=\"_ _9\"></span>und, t<span class=\"_ _9\"></span>he Kiskadee Select Fund<span class=\"_ _9\"></span> and the Kiskadee<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>Lati<span class=\"_ _7\"></span>tude Fund. Hen<span class=\"_ _7\"></span>ce they are not c<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dated.<span class=\"_ _304\"> </span>The K<span class=\"_ _7\"></span>isk<span class=\"_ _7\"></span>adee Cad<span class=\"_ _7\"></span>ence Fun<span class=\"_ _7\"></span>d was launc<span class=\"_ _7\"></span>hed in D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mber<span class=\"_ gs2e8\"> </span><span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>01<span class=\"_ _a\"></span>9 to achi<span class=\"_ _7\"></span>eve attracti<span class=\"_ _7\"></span>ve risk<span class=\"_ _9\"></span>-adju<span class=\"_ _7\"></span>sted returns by inves<span class=\"_ _7\"></span>ting pri<span class=\"_ _7\"></span>mari<span class=\"_ _7\"></span>ly in <span class=\"ls8 ws4\"> </span>a world<span class=\"_ _7\"></span>wide re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce a<span class=\"_ _7\"></span>nd retroces<span class=\"_ _7\"></span>sion p<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tfol<span class=\"_ _7\"></span>io and the K<span class=\"_ _7\"></span>isk<span class=\"_ _7\"></span>adee Se<span class=\"_ _7\"></span>lec<span class=\"_ _7\"></span>t Plus Fund was lau<span class=\"_ _7\"></span>nche<span class=\"_ _7\"></span>d in Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>1 to achieve attr<span class=\"_ _7\"></span>active ris<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span>-adjusted retur<span class=\"_ _7\"></span>ns that have low co<span class=\"_ _7\"></span>rrelatio<span class=\"_ _7\"></span>n to broader fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l mar<span class=\"_ _7\"></span>kets b<span class=\"_ _9\"></span>y investi<span class=\"_ _7\"></span>ng prim<span class=\"_ _7\"></span>aril<span class=\"_ _7\"></span>y in a diver<span class=\"_ _7\"></span>sifie<span class=\"_ _7\"></span>d,<span class=\"_ _9\"></span> worldwide pr<span class=\"_ _9\"></span>oper<span class=\"_ _7\"></span>ty catastrophe<span class=\"_ _9\"></span> reinsurance and r<span class=\"_ _9\"></span>etrocession port<span class=\"_ _7\"></span>fol<span class=\"_ _9\"></span>io,<span class=\"_ _9\"></span> including a portion o<span class=\"_ _9\"></span>f non-catastr<span class=\"_ _9\"></span>ophe reinsurance<span class=\"_ _9\"></span>. The<span class=\"_ _7\"></span>se fu<span class=\"_ _7\"></span>nds are se<span class=\"_ _7\"></span>greg<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed a<span class=\"_ _7\"></span>ccoun<span class=\"_ _7\"></span>ts of Kiska<span class=\"_ _7\"></span>dee ILS Fund SAC Ltd<span class=\"_ _9\"></span>, wh<span class=\"_ _7\"></span>ich is ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>d by Hiscox Re Insu<span class=\"_ _7\"></span>rance L<span class=\"_ _7\"></span>inked<span class=\"ls8 ws4\"> </span>Strategi<span class=\"_ _7\"></span>es Lim<span class=\"_ _7\"></span>ited, a wholl<span class=\"_ _7\"></span>y owned su<span class=\"_ _7\"></span>bsidi<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>e Group d<span class=\"_ _7\"></span>etermin<span class=\"_ _7\"></span>ed that it do<span class=\"_ _7\"></span>es con<span class=\"_ _7\"></span>trol these f<span class=\"_ _7\"></span>unds a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span>hen<span class=\"_ _7\"></span>ce they are c<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dated.<span class=\"_ _304\"> </span>As at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mber<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023, the Grou<span class=\"_ _7\"></span>p recog<span class=\"_ _7\"></span>nised a fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>set at fair val<span class=\"_ _7\"></span>ue of $35.4<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>m<span class=\"_ _7\"></span>illio<span class=\"_ _7\"></span>n (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$4<span class=\"_ _7\"></span>5.<span class=\"_ _9\"></span>3<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion) in rel<span class=\"_ _7\"></span>ation to<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>its investm<span class=\"_ _7\"></span>ent in the u<span class=\"_ _7\"></span>ncons<span class=\"_ _7\"></span>olidated f<span class=\"_ _7\"></span>unds (note<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>7)<span class=\"_ _9\"></span>. In as<span class=\"_ _7\"></span>ses<span class=\"_ _7\"></span>sing the m<span class=\"_ _7\"></span>ax<span class=\"_ _7\"></span>imum exp<span class=\"_ _7\"></span>osure to loss f<span class=\"_ _7\"></span>rom its intere<span class=\"_ _7\"></span>st in the fu<span class=\"_ _7\"></span>nds, the Gro<span class=\"_ _7\"></span>up has deter<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>d it is no gre<span class=\"_ _7\"></span>ater than the fa<span class=\"_ _7\"></span>ir value re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised a<span class=\"_ _7\"></span>s at the bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet date. The total size of the unc<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dated fun<span class=\"_ _7\"></span>ds was $505 m<span class=\"_ _7\"></span>illion at 31<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023 (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$6<span class=\"_ _7\"></span>00<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion)<span class=\"_ _9\"></span>. In add<span class=\"_ _7\"></span>ition to the return o<span class=\"_ _7\"></span>n the finan<span class=\"_ _7\"></span>cial a<span class=\"_ _7\"></span>sset, the Gro<span class=\"_ _7\"></span>up also re<span class=\"_ _7\"></span>ceive<span class=\"_ _7\"></span>s fee inc<span class=\"_ _7\"></span>ome throu<span class=\"_ _7\"></span>gh Hisc<span class=\"_ _7\"></span>ox Re Insuran<span class=\"_ _7\"></span>ce Lin<span class=\"_ _7\"></span>ked Strategie<span class=\"_ _7\"></span>s Limi<span class=\"_ _7\"></span>ted and His<span class=\"_ _7\"></span>cox Insura<span class=\"_ _7\"></span>nce Com<span class=\"_ _7\"></span>pany (Bermuda) Limit<span class=\"_ _9\"></span>ed, bo<span class=\"_ _9\"></span>th wholly o<span class=\"_ _9\"></span>wned subsidiaries, under<span class=\"_ _9\"></span> normal commercial terms<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup is exp<span class=\"_ _7\"></span>osed to cred<span class=\"_ _7\"></span>it ris<span class=\"_ _7\"></span>k assoc<span class=\"_ _7\"></span>iated with re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s on ris<span class=\"_ _7\"></span>ks fronted for the S<span class=\"_ _7\"></span>PIs. Not<span class=\"_ _9\"></span>e<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>3.3(d) discu<span class=\"_ _7\"></span>sses <span class=\"ls8 ws4\"> </span>how the Gro<span class=\"_ _7\"></span>up mana<span class=\"_ _7\"></span>ges cre<span class=\"_ _7\"></span>dit ri<span class=\"_ _7\"></span>sk ass<span class=\"_ _7\"></span>ociated wi<span class=\"_ _7\"></span>th reinsu<span class=\"_ _7\"></span>rance a<span class=\"_ _7\"></span>ssets. Th<span class=\"_ _7\"></span>e oper<span class=\"_ _7\"></span>ations of the fu<span class=\"_ _7\"></span>nds an<span class=\"_ _7\"></span>d SPIs are fina<span class=\"_ _7\"></span>nced throug<span class=\"_ _7\"></span>h the issu<span class=\"_ _7\"></span>ance of prefe<span class=\"_ _7\"></span>renc<span class=\"_ _7\"></span>e share<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o ex<span class=\"_ _7\"></span>terna<span class=\"_ _7\"></span>l investors. Th<span class=\"_ _7\"></span>e Group do<span class=\"_ _7\"></span>es not intend to provid<span class=\"_ _7\"></span>e any fur<span class=\"_ _7\"></span>the<span class=\"_ _7\"></span>r fina<span class=\"_ _7\"></span>ncial supp<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>t to the funds o<span class=\"_ _7\"></span>r SPIs.<span class=\"_ _304\"> </span>(c<span class=\"_ _9\"></span>) Investme<span class=\"_ _7\"></span>nts in as<span class=\"_ _7\"></span>sociates<span class=\"_ _304\"> </span>Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar ende<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er<span class=\"_ _304\"> </span><table class=\"s w42c hbe\" id=\"_d67f1083-c903-455a-9827-596ceeaa0a40\"><tr><td></td><td class=\"t m0 x26c h43 y206f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y206f ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y2070 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y2070 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2071 w42d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">At begi<span class=\"_ _7\"></span>nning of yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x818 y2071 w3cb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">5.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x2b4 y2071 w69 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2072 w42e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Dis<span class=\"_ _7\"></span>posa<span class=\"_ _7\"></span>ls duri<span class=\"_ _7\"></span>ng the year<span class=\"_ _304\"> </span></div></td><td class=\"c n x819 y2072 w16a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(<span class=\"_ _7\"></span>5.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x81a y2072 w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2073 w42f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws89\">Distributions received<span class=\"_ _304\"> </span></div></td><td class=\"c n x81b y2073 w4d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x81c y2073 w311 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(0.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w430 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net profit f<span class=\"_ _7\"></span>rom investme<span class=\"_ _7\"></span>nts in as<span class=\"_ _7\"></span>sociates<span class=\"_ _304\"> </span></div></td><td class=\"c n x81d y1f86 w179 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x81e y1f86 w110 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n x81f y1ed8 w3cb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">0.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x820 y1ed8 w2b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w431 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">At end of yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x821 y1e80 w68 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x822 y1e80 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5.6<span class=\"_ _304\"> </span></div></td></tr></table>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s intere<span class=\"_ _7\"></span>sts in its pr<span class=\"_ _7\"></span>incip<span class=\"_ _7\"></span>al asso<span class=\"_ _7\"></span>ciates, all of w<span class=\"_ _7\"></span>hich are u<span class=\"_ _7\"></span>nlisted, were as fo<span class=\"_ _7\"></span>llows:<span class=\"_ _304\"> </span><table class=\"s w432 hbf\" id=\"_b60d3a6b-a167-4f43-bdcb-8b80362fb963\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x823 h43 y2074 ff64 fs28 fc2 sc0 lsed ws139\">1<span class=\"_ _9\"></span>00% results<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x362 h43 y2075 ff64 fs28 fc2 sc0 ls7c ws98\">Assets<span class=\"_ _304\"> </span></td><td class=\"t m0 x6f2 h43 y2075 ff64 fs28 fc2 sc0 ls131 ws1bc\">Liabilitie<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x41c h43 y2075 ff64 fs28 fc2 sc0 ls143 ws1e4\">Reven<span class=\"_ _7\"></span>ues<span class=\"_ _304\"> </span></td><td class=\"t m0 x824 h43 y2075 ff64 fs28 fc2 sc0 lse4 ws15d\">Pro<span class=\"_ _7\"></span>fit a<span class=\"_ _7\"></span>fte<span class=\"_ _7\"></span>r ta<span class=\"_ _7\"></span>x<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x825 h43 y2076 ff64 fs28 fc2 sc0 lse4 ws15d\">% inte<span class=\"_ _7\"></span>re<span class=\"_ _7\"></span>st he<span class=\"_ _7\"></span>ld at 31 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>be<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h43 y2076 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y2076 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h43 y2076 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y2076 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb h25 y2077 ff64 fs7 fc2 sc0 ls83 ws11d\">2023<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2051 w433 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ass<span class=\"_ _7\"></span>ociates in<span class=\"_ _7\"></span>corp<span class=\"_ _7\"></span>orated in the UK<span class=\"_ _304\"> </span></div></td><td class=\"c n x826 y2051 w434 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsfe ws14d\">3<span class=\"_ _7\"></span>2%<span class=\"_ _304\"> </span></div></td><td class=\"c n x827 y2051 w435 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x828 y2051 wed h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x829 y2051 w436 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">5.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x82a y2051 w437 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2052 w438 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Associat<span class=\"_ _9\"></span>es incorporat<span class=\"_ _9\"></span>ed in Eur<span class=\"_ _9\"></span>ope<span class=\"_ _304\"> </span></div></td><td class=\"c n x82b y2052 w439 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb0 wscd\">26%<span class=\"_ _304\"> </span></div></td><td class=\"c n x82c y2052 w3f6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x82d y2052 w41c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x82e y2052 w435 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x33f y2052 w7c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2078 w43a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al at the en<span class=\"_ _7\"></span>d of 2023<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x82f y2078 w2e7 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">5.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x830 y2078 w43b h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb3 wsd0\">3.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x831 y2078 wee h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">8<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x832 y2078 w41a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2009 ff5f fs7 fc2 sc0 ls87 ws11c\">2022<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f86 w43c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ass<span class=\"_ _7\"></span>ociates in<span class=\"_ _7\"></span>corp<span class=\"_ _7\"></span>orated in the UK a<span class=\"_ _7\"></span>nd USA<span class=\"_ _304\"> </span></div></td><td class=\"c n x833 y1f86 w43d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">f<span class=\"_ _7\"></span>rom 32<span class=\"_ _9\"></span>% to 35<span class=\"_ _9\"></span>%<span class=\"_ _304\"> </span></div></td><td class=\"c n x834 y1f86 w43e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">10<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x835 y1f86 w69 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">6<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x836 y1f86 w3e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x837 y1f86 w110 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w438 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Associat<span class=\"_ _9\"></span>es incorporat<span class=\"_ _9\"></span>ed in Eur<span class=\"_ _9\"></span>ope<span class=\"_ _304\"> </span></div></td><td class=\"c n x838 y1ed8 w43f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">f<span class=\"_ _7\"></span>rom 26<span class=\"_ _9\"></span>% to 35<span class=\"_ _9\"></span>%<span class=\"_ _304\"> </span></div></td><td class=\"c n x839 y1ed8 w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x83a y1ed8 w440 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">5.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x83b y1ed8 w1f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x83c y1ed8 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w442 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal at th<span class=\"_ _7\"></span>e end of 2022<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x83d y1e80 w443 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">18<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x83e y1e80 wac h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x83f y1e80 w444 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">15<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x840 y1e80 w228 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.9<span class=\"_ _304\"> </span></div></td></tr></table>The e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y intere<span class=\"_ _7\"></span>sts held by the G<span class=\"_ _7\"></span>roup in res<span class=\"_ _7\"></span>pec<span class=\"_ _7\"></span>t of assoc<span class=\"_ _7\"></span>iates do not have quoted ma<span class=\"_ _7\"></span>rket pric<span class=\"_ _7\"></span>es an<span class=\"_ _7\"></span>d are not trade<span class=\"_ _7\"></span>d regul<span class=\"_ _7\"></span>arly i<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> any acti<span class=\"_ _7\"></span>ve recog<span class=\"_ _7\"></span>nised m<span class=\"_ _7\"></span>arket. The as<span class=\"_ _7\"></span>soci<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>es c<span class=\"_ _7\"></span>once<span class=\"_ _7\"></span>rne<span class=\"_ _7\"></span>d have no materia<span class=\"_ _7\"></span>l impac<span class=\"_ _7\"></span>t on the resu<span class=\"_ _7\"></span>lts or as<span class=\"_ _7\"></span>sets of the Group. The a<span class=\"_ _7\"></span>ssets are ex<span class=\"_ _7\"></span>pected to be re<span class=\"_ _7\"></span>covered or s<span class=\"_ _7\"></span>ettle<span class=\"_ _7\"></span>d more than 1<span class=\"_ _9\"></span>2 months af<span class=\"_ _7\"></span>ter the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>ate and as suc<span class=\"_ _7\"></span>h are con<span class=\"_ _7\"></span>sidere<span class=\"_ _7\"></span>d to<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>be non-current<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-438": {
   "value": "1<span class=\"_ _9\"></span>3<span class=\"_ _9\"></span> Subsidia<span class=\"_ _7\"></span>ries, associates and interests in other entities<span class=\"_ _304\"> </span>Thi<span class=\"_ _7\"></span>s note provides d<span class=\"_ _7\"></span>etails of the S<span class=\"_ _7\"></span>yndi<span class=\"_ _7\"></span>cates and S<span class=\"_ _7\"></span>peci<span class=\"_ _7\"></span>al Purp<span class=\"_ _7\"></span>ose Insu<span class=\"_ _7\"></span>rers (SPI) man<span class=\"_ _7\"></span>aged by the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>, the ac<span class=\"_ _7\"></span>quisi<span class=\"_ _7\"></span>tion and <span class=\"ls8 ws4\"> </span>disp<span class=\"_ _7\"></span>osal of su<span class=\"_ _7\"></span>bsidi<span class=\"_ _7\"></span>arie<span class=\"_ _7\"></span>s and as<span class=\"_ _7\"></span>soci<span class=\"_ _7\"></span>ates duri<span class=\"_ _7\"></span>ng the year a<span class=\"_ _7\"></span>nd investme<span class=\"_ _7\"></span>nts in ass<span class=\"_ _7\"></span>ociates.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Subsidiaries<span class=\"_ _304\"> </span>Hisc<span class=\"_ _7\"></span>ox Dedic<span class=\"_ _7\"></span>ated Corp<span class=\"_ _7\"></span>orate Memb<span class=\"_ _7\"></span>er Lim<span class=\"_ _7\"></span>ited (HDCM<span class=\"_ _7\"></span>) unde<span class=\"_ _7\"></span>rw<span class=\"_ _7\"></span>rites as a c<span class=\"_ _7\"></span>orpo<span class=\"_ _7\"></span>rate membe<span class=\"_ _7\"></span>r of Lloyd\u2019<span class=\"_ _9\"></span>s on the main S<span class=\"_ _7\"></span>yndi<span class=\"_ _7\"></span>cates man<span class=\"_ _7\"></span>aged by His<span class=\"_ _7\"></span>cox Syndi<span class=\"_ _7\"></span>cates Lim<span class=\"_ _7\"></span>ited (the mai<span class=\"_ _7\"></span>n manag<span class=\"_ _7\"></span>ed Sy<span class=\"_ _7\"></span>ndicates n<span class=\"_ _7\"></span>umbe<span class=\"_ _7\"></span>red 33 an<span class=\"_ _7\"></span>d 362<span class=\"_ _9\"></span>4<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>As at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mber<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023, HDCM own<span class=\"_ _7\"></span>ed 72<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>6% of Syndi<span class=\"_ _7\"></span>cate<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>33 (202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>7<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>.6<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span>), and 1<span class=\"_ _9\"></span>00% of Synd<span class=\"_ _7\"></span>icate<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>362<span class=\"_ _9\"></span>4 (2<span class=\"_ _9\"></span>022:<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>100%<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>. In view <span class=\"ls8 ws4\"> </span>of the severa<span class=\"_ _7\"></span>l but not jo<span class=\"_ _7\"></span>int liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y of unde<span class=\"_ _7\"></span>rw<span class=\"_ _7\"></span>ritin<span class=\"_ _7\"></span>g memb<span class=\"_ _7\"></span>ers at L<span class=\"_ _7\"></span>loyd<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s for the tra<span class=\"_ _7\"></span>nsactio<span class=\"_ _7\"></span>ns of Syn<span class=\"_ _7\"></span>dicates in w<span class=\"_ _7\"></span>hich they p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ticipate, <span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s attri<span class=\"_ _7\"></span>butab<span class=\"_ _7\"></span>le sha<span class=\"_ _7\"></span>re of the transa<span class=\"_ _7\"></span>ctions, as<span class=\"_ _7\"></span>sets and l<span class=\"_ _7\"></span>iabili<span class=\"_ _7\"></span>ties of the<span class=\"_ _7\"></span>se Syn<span class=\"_ _7\"></span>dicates h<span class=\"_ _7\"></span>as bee<span class=\"_ _7\"></span>n inclu<span class=\"_ _7\"></span>ded in th<span class=\"_ _7\"></span>e financ<span class=\"_ _7\"></span>ial stateme<span class=\"_ _7\"></span>nts. The Gro<span class=\"_ _7\"></span>up man<span class=\"_ _7\"></span>ages the u<span class=\"_ _7\"></span>nder<span class=\"_ _7\"></span>w<span class=\"_ _7\"></span>riting of, but doe<span class=\"_ _7\"></span>s not par<span class=\"_ _7\"></span>tic<span class=\"_ _7\"></span>ipate as a memb<span class=\"_ _7\"></span>er of<span class=\"_ _9\"></span>, Sy<span class=\"_ _7\"></span>ndic<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>61<span class=\"_ _a\"></span>0<span class=\"_ _7\"></span>4 at Lloyd\u2019<span class=\"_ _9\"></span>s which provid<span class=\"_ _7\"></span>es rein<span class=\"_ _7\"></span>suranc<span class=\"_ _7\"></span>e to Syndic<span class=\"_ _7\"></span>ate<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>33 on a nor<span class=\"_ _7\"></span>mal co<span class=\"_ _7\"></span>mmerc<span class=\"_ _7\"></span>ial bas<span class=\"_ _7\"></span>is. Conse<span class=\"_ _7\"></span>que<span class=\"_ _7\"></span>ntly<span class=\"_ _a\"></span>, a<span class=\"_ _7\"></span>side f<span class=\"_ _7\"></span>rom the rece<span class=\"_ _7\"></span>ipt of manag<span class=\"_ _7\"></span>ing age<span class=\"_ _7\"></span>ncy <span class=\"ls8 ws4\"> </span>fee<span class=\"_ _7\"></span>s, defined p<span class=\"_ _7\"></span>rofit comm<span class=\"_ _7\"></span>issio<span class=\"_ _7\"></span>ns as ap<span class=\"_ _7\"></span>propri<span class=\"_ _7\"></span>ate and interest a<span class=\"_ _7\"></span>risin<span class=\"_ _7\"></span>g on ef<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ve assets in<span class=\"_ _7\"></span>clude<span class=\"_ _7\"></span>d within th<span class=\"_ _7\"></span>e exper<span class=\"_ _7\"></span>ienc<span class=\"_ _7\"></span>e acco<span class=\"_ _7\"></span>unt,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _7\"></span>up has no s<span class=\"_ _7\"></span>hare in the a<span class=\"_ _7\"></span>ssets, lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s or tran<span class=\"_ _7\"></span>sactio<span class=\"_ _7\"></span>ns of Synd<span class=\"_ _7\"></span>icate<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>6<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>04. The pos<span class=\"_ _7\"></span>ition a<span class=\"_ _7\"></span>nd per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>manc<span class=\"_ _7\"></span>e of that Synd<span class=\"_ _7\"></span>icate <span class=\"_ _a\"></span><span class=\"ls8 ws4\"> </span>is the<span class=\"_ _7\"></span>refore not inclu<span class=\"_ _7\"></span>ded in th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s fin<span class=\"_ _7\"></span>anci<span class=\"_ _7\"></span>al stateme<span class=\"_ _7\"></span>nts.<span class=\"_ _304\"> </span>(<span class=\"_ _7\"></span>b) S<span class=\"_ _7\"></span>PI<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span>The Kiskadee Diversified Fun<span class=\"_ _9\"></span>d and Kiskadee Select Fun<span class=\"_ _9\"></span>d were laun<span class=\"_ _9\"></span>ched in 20<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>4 t<span class=\"_ _9\"></span>o pr<span class=\"_ _9\"></span>ovide in<span class=\"_ _9\"></span>vestment opportunities t<span class=\"_ _9\"></span>o<span class=\"_ _9\"></span> institu<span class=\"_ _7\"></span>tional i<span class=\"_ _7\"></span>nvestors in prop<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y catastro<span class=\"_ _7\"></span>phe rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce and in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce-lin<span class=\"_ _7\"></span>ked strategie<span class=\"_ _7\"></span>s. The fu<span class=\"_ _7\"></span>nds are m<span class=\"_ _7\"></span>anage<span class=\"_ _7\"></span>d by<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>Hisc<span class=\"_ _7\"></span>ox Re Insura<span class=\"_ _7\"></span>nce Li<span class=\"_ _7\"></span>nked Strategie<span class=\"_ _7\"></span>s Limi<span class=\"_ _7\"></span>ted (forme<span class=\"_ _7\"></span>rly k<span class=\"_ _7\"></span>nown as K<span class=\"_ _7\"></span>iskad<span class=\"_ _7\"></span>ee Investme<span class=\"_ _7\"></span>nt Man<span class=\"_ _7\"></span>ager<span class=\"_ _7\"></span>s Limited<span class=\"_ _7\"></span>) whic<span class=\"_ _7\"></span>h is a whol<span class=\"_ _7\"></span>ly owned subsidiary of t<span class=\"_ _9\"></span>he Group<span class=\"_ _9\"></span>. The K<span class=\"_ _7\"></span>isk<span class=\"_ _7\"></span>adee L<span class=\"_ _7\"></span>atitude Fund wa<span class=\"_ _7\"></span>s launc<span class=\"_ _7\"></span>hed in 201<span class=\"_ _a\"></span>9 to give investors a<span class=\"_ _7\"></span>cces<span class=\"_ _7\"></span>s to a more diver<span class=\"_ _7\"></span>se por<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>folio of ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e and reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e risks, w<span class=\"_ _7\"></span>ith les<span class=\"_ _7\"></span>s focus on p<span class=\"_ _7\"></span>ure prope<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ty c<span class=\"_ _7\"></span>atastroph<span class=\"_ _7\"></span>e risk. T<span class=\"_ _7\"></span>he fun<span class=\"_ _7\"></span>d is mana<span class=\"_ _7\"></span>ged by Hisc<span class=\"_ _7\"></span>ox Re Insura<span class=\"_ _7\"></span>nce Li<span class=\"_ _7\"></span>nked Strategi<span class=\"_ _7\"></span>es Lim<span class=\"_ _7\"></span>ited whic<span class=\"_ _7\"></span>h is a who<span class=\"_ _7\"></span>lly owne<span class=\"_ _7\"></span>d subsi<span class=\"_ _7\"></span>diar<span class=\"_ _7\"></span>y of the G<span class=\"_ _7\"></span>roup.<span class=\"_ _304\"> </span>The Group det<span class=\"_ _9\"></span>ermined tha<span class=\"_ _9\"></span>t it does not<span class=\"_ _9\"></span> control<span class=\"_ _9\"></span> the Kiskadee Diversified F<span class=\"_ _9\"></span>und, t<span class=\"_ _9\"></span>he Kiskadee Select Fund<span class=\"_ _9\"></span> and the Kiskadee<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>Lati<span class=\"_ _7\"></span>tude Fund. Hen<span class=\"_ _7\"></span>ce they are not c<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dated.<span class=\"_ _304\"> </span>The K<span class=\"_ _7\"></span>isk<span class=\"_ _7\"></span>adee Cad<span class=\"_ _7\"></span>ence Fun<span class=\"_ _7\"></span>d was launc<span class=\"_ _7\"></span>hed in D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mber<span class=\"_ gs2e8\"> </span><span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>01<span class=\"_ _a\"></span>9 to achi<span class=\"_ _7\"></span>eve attracti<span class=\"_ _7\"></span>ve risk<span class=\"_ _9\"></span>-adju<span class=\"_ _7\"></span>sted returns by inves<span class=\"_ _7\"></span>ting pri<span class=\"_ _7\"></span>mari<span class=\"_ _7\"></span>ly in <span class=\"ls8 ws4\"> </span>a world<span class=\"_ _7\"></span>wide re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce a<span class=\"_ _7\"></span>nd retroces<span class=\"_ _7\"></span>sion p<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tfol<span class=\"_ _7\"></span>io and the K<span class=\"_ _7\"></span>isk<span class=\"_ _7\"></span>adee Se<span class=\"_ _7\"></span>lec<span class=\"_ _7\"></span>t Plus Fund was lau<span class=\"_ _7\"></span>nche<span class=\"_ _7\"></span>d in Janu<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>1 to achieve attr<span class=\"_ _7\"></span>active ris<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span>-adjusted retur<span class=\"_ _7\"></span>ns that have low co<span class=\"_ _7\"></span>rrelatio<span class=\"_ _7\"></span>n to broader fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l mar<span class=\"_ _7\"></span>kets b<span class=\"_ _9\"></span>y investi<span class=\"_ _7\"></span>ng prim<span class=\"_ _7\"></span>aril<span class=\"_ _7\"></span>y in a diver<span class=\"_ _7\"></span>sifie<span class=\"_ _7\"></span>d,<span class=\"_ _9\"></span> worldwide pr<span class=\"_ _9\"></span>oper<span class=\"_ _7\"></span>ty catastrophe<span class=\"_ _9\"></span> reinsurance and r<span class=\"_ _9\"></span>etrocession port<span class=\"_ _7\"></span>fol<span class=\"_ _9\"></span>io,<span class=\"_ _9\"></span> including a portion o<span class=\"_ _9\"></span>f non-catastr<span class=\"_ _9\"></span>ophe reinsurance<span class=\"_ _9\"></span>. The<span class=\"_ _7\"></span>se fu<span class=\"_ _7\"></span>nds are se<span class=\"_ _7\"></span>greg<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed a<span class=\"_ _7\"></span>ccoun<span class=\"_ _7\"></span>ts of Kiska<span class=\"_ _7\"></span>dee ILS Fund SAC Ltd<span class=\"_ _9\"></span>, wh<span class=\"_ _7\"></span>ich is ma<span class=\"_ _7\"></span>nage<span class=\"_ _7\"></span>d by Hiscox Re Insu<span class=\"_ _7\"></span>rance L<span class=\"_ _7\"></span>inked<span class=\"ls8 ws4\"> </span>Strategi<span class=\"_ _7\"></span>es Lim<span class=\"_ _7\"></span>ited, a wholl<span class=\"_ _7\"></span>y owned su<span class=\"_ _7\"></span>bsidi<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>e Group d<span class=\"_ _7\"></span>etermin<span class=\"_ _7\"></span>ed that it do<span class=\"_ _7\"></span>es con<span class=\"_ _7\"></span>trol these f<span class=\"_ _7\"></span>unds a<span class=\"_ _7\"></span>nd <span class=\"ls8 ws4\"> </span>hen<span class=\"_ _7\"></span>ce they are c<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dated.<span class=\"_ _304\"> </span>As at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mber<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023, the Grou<span class=\"_ _7\"></span>p recog<span class=\"_ _7\"></span>nised a fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>set at fair val<span class=\"_ _7\"></span>ue of $35.4<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>m<span class=\"_ _7\"></span>illio<span class=\"_ _7\"></span>n (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$4<span class=\"_ _7\"></span>5.<span class=\"_ _9\"></span>3<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion) in rel<span class=\"_ _7\"></span>ation to<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>its investm<span class=\"_ _7\"></span>ent in the u<span class=\"_ _7\"></span>ncons<span class=\"_ _7\"></span>olidated f<span class=\"_ _7\"></span>unds (note<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>7)<span class=\"_ _9\"></span>. In as<span class=\"_ _7\"></span>ses<span class=\"_ _7\"></span>sing the m<span class=\"_ _7\"></span>ax<span class=\"_ _7\"></span>imum exp<span class=\"_ _7\"></span>osure to loss f<span class=\"_ _7\"></span>rom its intere<span class=\"_ _7\"></span>st in the fu<span class=\"_ _7\"></span>nds, the Gro<span class=\"_ _7\"></span>up has deter<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>d it is no gre<span class=\"_ _7\"></span>ater than the fa<span class=\"_ _7\"></span>ir value re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised a<span class=\"_ _7\"></span>s at the bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet date. The total size of the unc<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dated fun<span class=\"_ _7\"></span>ds was $505 m<span class=\"_ _7\"></span>illion at 31<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023 (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$6<span class=\"_ _7\"></span>00<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion)<span class=\"_ _9\"></span>. In add<span class=\"_ _7\"></span>ition to the return o<span class=\"_ _7\"></span>n the finan<span class=\"_ _7\"></span>cial a<span class=\"_ _7\"></span>sset, the Gro<span class=\"_ _7\"></span>up also re<span class=\"_ _7\"></span>ceive<span class=\"_ _7\"></span>s fee inc<span class=\"_ _7\"></span>ome throu<span class=\"_ _7\"></span>gh Hisc<span class=\"_ _7\"></span>ox Re Insuran<span class=\"_ _7\"></span>ce Lin<span class=\"_ _7\"></span>ked Strategie<span class=\"_ _7\"></span>s Limi<span class=\"_ _7\"></span>ted and His<span class=\"_ _7\"></span>cox Insura<span class=\"_ _7\"></span>nce Com<span class=\"_ _7\"></span>pany (Bermuda) Limit<span class=\"_ _9\"></span>ed, bo<span class=\"_ _9\"></span>th wholly o<span class=\"_ _9\"></span>wned subsidiaries, under<span class=\"_ _9\"></span> normal commercial terms<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup is exp<span class=\"_ _7\"></span>osed to cred<span class=\"_ _7\"></span>it ris<span class=\"_ _7\"></span>k assoc<span class=\"_ _7\"></span>iated with re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s on ris<span class=\"_ _7\"></span>ks fronted for the S<span class=\"_ _7\"></span>PIs. Not<span class=\"_ _9\"></span>e<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>3.3(d) discu<span class=\"_ _7\"></span>sses <span class=\"ls8 ws4\"> </span>how the Gro<span class=\"_ _7\"></span>up mana<span class=\"_ _7\"></span>ges cre<span class=\"_ _7\"></span>dit ri<span class=\"_ _7\"></span>sk ass<span class=\"_ _7\"></span>ociated wi<span class=\"_ _7\"></span>th reinsu<span class=\"_ _7\"></span>rance a<span class=\"_ _7\"></span>ssets. Th<span class=\"_ _7\"></span>e oper<span class=\"_ _7\"></span>ations of the fu<span class=\"_ _7\"></span>nds an<span class=\"_ _7\"></span>d SPIs are fina<span class=\"_ _7\"></span>nced throug<span class=\"_ _7\"></span>h the issu<span class=\"_ _7\"></span>ance of prefe<span class=\"_ _7\"></span>renc<span class=\"_ _7\"></span>e share<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o ex<span class=\"_ _7\"></span>terna<span class=\"_ _7\"></span>l investors. Th<span class=\"_ _7\"></span>e Group do<span class=\"_ _7\"></span>es not intend to provid<span class=\"_ _7\"></span>e any fur<span class=\"_ _7\"></span>the<span class=\"_ _7\"></span>r fina<span class=\"_ _7\"></span>ncial supp<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>t to the funds o<span class=\"_ _7\"></span>r SPIs.<span class=\"_ _304\"> </span><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gsd21\">(c<span class=\"_ _9\"></span>) Investme<span class=\"_ _7\"></span>nts in as<span class=\"_ _7\"></span>sociates<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gsd22\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar ende<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er<span class=\"_ _304\"> </span></div><div class=\"gsc71\"><table class=\"s w42c hbe\" id=\"_d67f1083-c903-455a-9827-596ceeaa0a40\"><tr><td></td><td class=\"t m0 x26c h43 y206f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y206f ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y2070 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y2070 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2071 w42d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">At begi<span class=\"_ _7\"></span>nning of yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x818 y2071 w3cb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">5.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x2b4 y2071 w69 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2072 w42e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Dis<span class=\"_ _7\"></span>posa<span class=\"_ _7\"></span>ls duri<span class=\"_ _7\"></span>ng the year<span class=\"_ _304\"> </span></div></td><td class=\"c n x819 y2072 w16a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(<span class=\"_ _7\"></span>5.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x81a y2072 w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2073 w42f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws89\">Distributions received<span class=\"_ _304\"> </span></div></td><td class=\"c n x81b y2073 w4d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x81c y2073 w311 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(0.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w430 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net profit f<span class=\"_ _7\"></span>rom investme<span class=\"_ _7\"></span>nts in as<span class=\"_ _7\"></span>sociates<span class=\"_ _304\"> </span></div></td><td class=\"c n x81d y1f86 w179 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x81e y1f86 w110 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n x81f y1ed8 w3cb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">0.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x820 y1ed8 w2b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w431 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">At end of yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x821 y1e80 w68 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x822 y1e80 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5.6<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd23\">The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s intere<span class=\"_ _7\"></span>sts in its pr<span class=\"_ _7\"></span>incip<span class=\"_ _7\"></span>al asso<span class=\"_ _7\"></span>ciates, all of w<span class=\"_ _7\"></span>hich are u<span class=\"_ _7\"></span>nlisted, were as fo<span class=\"_ _7\"></span>llows:<span class=\"_ _304\"> </span></div><div class=\"gsd24\"><table class=\"s w432 hbf\" id=\"_b60d3a6b-a167-4f43-bdcb-8b80362fb963\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x823 h43 y2074 ff64 fs28 fc2 sc0 lsed ws139\">1<span class=\"_ _9\"></span>00% results<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x362 h43 y2075 ff64 fs28 fc2 sc0 ls7c ws98\">Assets<span class=\"_ _304\"> </span></td><td class=\"t m0 x6f2 h43 y2075 ff64 fs28 fc2 sc0 ls131 ws1bc\">Liabilitie<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x41c h43 y2075 ff64 fs28 fc2 sc0 ls143 ws1e4\">Reven<span class=\"_ _7\"></span>ues<span class=\"_ _304\"> </span></td><td class=\"t m0 x824 h43 y2075 ff64 fs28 fc2 sc0 lse4 ws15d\">Pro<span class=\"_ _7\"></span>fit a<span class=\"_ _7\"></span>fte<span class=\"_ _7\"></span>r ta<span class=\"_ _7\"></span>x<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x825 h43 y2076 ff64 fs28 fc2 sc0 lse4 ws15d\">% inte<span class=\"_ _7\"></span>re<span class=\"_ _7\"></span>st he<span class=\"_ _7\"></span>ld at 31 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>be<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h43 y2076 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y2076 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h43 y2076 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y2076 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb h25 y2077 ff64 fs7 fc2 sc0 ls83 ws11d\">2023<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2051 w433 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ass<span class=\"_ _7\"></span>ociates in<span class=\"_ _7\"></span>corp<span class=\"_ _7\"></span>orated in the UK<span class=\"_ _304\"> </span></div></td><td class=\"c n x826 y2051 w434 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsfe ws14d\">3<span class=\"_ _7\"></span>2%<span class=\"_ _304\"> </span></div></td><td class=\"c n x827 y2051 w435 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x828 y2051 wed h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x829 y2051 w436 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">5.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x82a y2051 w437 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2052 w438 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Associat<span class=\"_ _9\"></span>es incorporat<span class=\"_ _9\"></span>ed in Eur<span class=\"_ _9\"></span>ope<span class=\"_ _304\"> </span></div></td><td class=\"c n x82b y2052 w439 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb0 wscd\">26%<span class=\"_ _304\"> </span></div></td><td class=\"c n x82c y2052 w3f6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x82d y2052 w41c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x82e y2052 w435 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x33f y2052 w7c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2078 w43a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al at the en<span class=\"_ _7\"></span>d of 2023<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x82f y2078 w2e7 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">5.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x830 y2078 w43b h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb3 wsd0\">3.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x831 y2078 wee h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">8<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x832 y2078 w41a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2009 ff5f fs7 fc2 sc0 ls87 ws11c\">2022<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f86 w43c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ass<span class=\"_ _7\"></span>ociates in<span class=\"_ _7\"></span>corp<span class=\"_ _7\"></span>orated in the UK a<span class=\"_ _7\"></span>nd USA<span class=\"_ _304\"> </span></div></td><td class=\"c n x833 y1f86 w43d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">f<span class=\"_ _7\"></span>rom 32<span class=\"_ _9\"></span>% to 35<span class=\"_ _9\"></span>%<span class=\"_ _304\"> </span></div></td><td class=\"c n x834 y1f86 w43e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">10<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x835 y1f86 w69 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">6<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x836 y1f86 w3e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x837 y1f86 w110 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w438 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Associat<span class=\"_ _9\"></span>es incorporat<span class=\"_ _9\"></span>ed in Eur<span class=\"_ _9\"></span>ope<span class=\"_ _304\"> </span></div></td><td class=\"c n x838 y1ed8 w43f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">f<span class=\"_ _7\"></span>rom 26<span class=\"_ _9\"></span>% to 35<span class=\"_ _9\"></span>%<span class=\"_ _304\"> </span></div></td><td class=\"c n x839 y1ed8 w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">8<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x83a y1ed8 w440 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">5.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x83b y1ed8 w1f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x83c y1ed8 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w442 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal at th<span class=\"_ _7\"></span>e end of 2022<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x83d y1e80 w443 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">18<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x83e y1e80 wac h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x83f y1e80 w444 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">15<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x840 y1e80 w228 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.9<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd25\">The e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y intere<span class=\"_ _7\"></span>sts held by the G<span class=\"_ _7\"></span>roup in res<span class=\"_ _7\"></span>pec<span class=\"_ _7\"></span>t of assoc<span class=\"_ _7\"></span>iates do not have quoted ma<span class=\"_ _7\"></span>rket pric<span class=\"_ _7\"></span>es an<span class=\"_ _7\"></span>d are not trade<span class=\"_ _7\"></span>d regul<span class=\"_ _7\"></span>arly i<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd26\">any acti<span class=\"_ _7\"></span>ve recog<span class=\"_ _7\"></span>nised m<span class=\"_ _7\"></span>arket. The as<span class=\"_ _7\"></span>soci<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>es c<span class=\"_ _7\"></span>once<span class=\"_ _7\"></span>rne<span class=\"_ _7\"></span>d have no materia<span class=\"_ _7\"></span>l impac<span class=\"_ _7\"></span>t on the resu<span class=\"_ _7\"></span>lts or as<span class=\"_ _7\"></span>sets of the Group. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd27\">The a<span class=\"_ _7\"></span>ssets are ex<span class=\"_ _7\"></span>pected to be re<span class=\"_ _7\"></span>covered or s<span class=\"_ _7\"></span>ettle<span class=\"_ _7\"></span>d more than 1<span class=\"_ _9\"></span>2 months af<span class=\"_ _7\"></span>ter the re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>ate and as suc<span class=\"_ _7\"></span>h are con<span class=\"_ _7\"></span>sidere<span class=\"_ _7\"></span>d to<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsd28\">be non-current<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls38 ws41 gsede\">29 Pr<span class=\"_ _7\"></span>incip<span class=\"_ _7\"></span>al sub<span class=\"_ _7\"></span>sidia<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y com<span class=\"_ _7\"></span>pani<span class=\"_ _7\"></span>es of His<span class=\"_ _7\"></span>cox Ltd at 31 Dece<span class=\"_ _7\"></span>mber 2<span class=\"_ _7\"></span>023<span class=\"_ _304\"> </span></div><div class=\"gsc82\"><table class=\"s w6e4 he3\" id=\"_583742f1-7fe3-4e79-97b4-ed7467c8e04c\"><tr><td class=\"c n x1b7 y21f1 w6e5 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15c\">Company<span class=\"_ _304\"> </span></div></td><td class=\"c n xcf2 y21f1 w6e6 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Natur<span class=\"_ _9\"></span>e of business<span class=\"_ _304\"> </span></div></td><td class=\"c n xcf3 y21f1 w15e h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls3 ws90\">Countr<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21f2 w6e7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa9 wsc6\">Hi<span class=\"_ _7\"></span>sc<span class=\"_ _7\"></span>ox p<span class=\"_ _7\"></span>lc*<span class=\"_ _304\"> </span></div></td><td class=\"c n xcf4 y21f2 w6e8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Holding company<span class=\"_ _304\"> </span></div></td><td class=\"c n xcf5 y21f2 w6e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Gre<span class=\"_ _7\"></span>at Brita<span class=\"_ _7\"></span>in<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21f3 w26d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Hisco<span class=\"_ _9\"></span>x Insurance Company<span class=\"_ _9\"></span> Limited<span class=\"_ _304\"> </span></div></td><td class=\"c n xcf6 y21f3 w6ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">General insuranc<span class=\"_ _7\"></span>e<span class=\"_ _304\"> </span></div></td><td class=\"c n xcf7 y21f3 w6e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Gre<span class=\"_ _7\"></span>at Brita<span class=\"_ _7\"></span>in<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21f4 w6eb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Hisco<span class=\"_ _9\"></span>x Insur<span class=\"_ _9\"></span>ance Compan<span class=\"_ _9\"></span>y (Guernse<span class=\"_ _9\"></span>y) Limi<span class=\"_ _9\"></span>ted*<span class=\"_ _304\"> </span></div></td><td class=\"c n xcf8 y21f4 w6ec h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Gene<span class=\"_ _7\"></span>ral insurance<span class=\"_ _304\"> </span></div></td><td class=\"c n xcf9 y21f4 w6ed h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws10a\">Guer<span class=\"_ _7\"></span>nse<span class=\"_ _9\"></span>y<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21f5 w6ee h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Hiscox<span class=\"_ _9\"></span> Holdings Inc.<span class=\"_ _304\"> </span></div></td><td class=\"c n xcfa y21f5 w6e8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Holding company<span class=\"_ _304\"> </span></div></td><td class=\"c n xcfb y21f5 w6ef h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 ws158\">USA<span class=\"_ _7\"></span> (Del<span class=\"_ _7\"></span>aware)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21f6 w6f0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">AL<span class=\"_ _a\"></span>T<span class=\"_ _9\"></span>OHA, Inc<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div></td><td class=\"c n xcfc y21f6 w6f1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Insurance holding company<span class=\"_ _304\"> </span></div></td><td class=\"c n xcfd y21f6 w6f2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 ws158\">USA (D<span class=\"_ _7\"></span>elawa<span class=\"_ _7\"></span>re)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21f7 w275 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Hiscox Insurance Compa<span class=\"_ _7\"></span>ny<span class=\"_ _9\"></span> Inc.<span class=\"_ _304\"> </span></div></td><td class=\"c n xcfe y21f7 w6f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">General insura<span class=\"_ _7\"></span>nce<span class=\"_ _304\"> </span></div></td><td class=\"c n xcff y21f7 w6f4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws89\">USA (Illinois<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21f8 w6f5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Hiscox<span class=\"_ _9\"></span> Inc.<span class=\"_ _304\"> </span></div></td><td class=\"c n xd00 y21f8 w6f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Insurance intermed<span class=\"_ _7\"></span>iar<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></div></td><td class=\"c n xd01 y21f8 w6ef h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 ws158\">USA (<span class=\"_ _7\"></span>Del<span class=\"_ _7\"></span>aware)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21f9 w6f7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Hisc<span class=\"_ _7\"></span>ox Speci<span class=\"_ _7\"></span>al Risks Ag<span class=\"_ _7\"></span>ency (A<span class=\"_ _7\"></span>mer<span class=\"_ _7\"></span>icas) Inc.<span class=\"_ _304\"> </span></div></td><td class=\"c n xcfe y21f9 w6f8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">Under<span class=\"_ _7\"></span>writing agency<span class=\"_ _304\"> </span></div></td><td class=\"c n xcf3 y21f9 w6ef h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 ws158\">USA (<span class=\"_ _7\"></span>Del<span class=\"_ _7\"></span>aware)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21fa w6f9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Hiscox<span class=\"_ _9\"></span> Insurance Ser<span class=\"_ _7\"></span>vices Inc.<span class=\"_ _304\"> </span></div></td><td class=\"c n xd02 y21fa w6f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Insurance intermed<span class=\"_ _7\"></span>iar<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></div></td><td class=\"c n xd03 y21fa w6ef h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 ws158\">USA (<span class=\"_ _7\"></span>Del<span class=\"_ _7\"></span>aware)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21fb w6fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Hisco<span class=\"_ _9\"></span>x Specialt<span class=\"_ _7\"></span>y In<span class=\"_ _9\"></span>surance Company Inc<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div></td><td class=\"c n xd04 y21fb w6f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Gene<span class=\"_ _7\"></span>ral insurance<span class=\"_ _304\"> </span></div></td><td class=\"c n xd05 y21fb w6fb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws89\">USA (Illinois)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21fc w6fc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Hisco<span class=\"_ _9\"></span>x Insurance Company<span class=\"_ _9\"></span> (Bermuda) Limit<span class=\"_ _9\"></span>ed*<span class=\"_ _304\"> </span></div></td><td class=\"c n xd06 y21fc w6fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">Ge<span class=\"_ _7\"></span>neral insurance and reinsurance<span class=\"_ _304\"> </span></div></td><td class=\"c n xd07 y21fc w6fe h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d wsf4\">Bermuda<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21fd w6ff h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Hisc<span class=\"_ _7\"></span>ox Dedic<span class=\"_ _7\"></span>ated Corp<span class=\"_ _7\"></span>orate Memb<span class=\"_ _7\"></span>er Lim<span class=\"_ _7\"></span>ited<span class=\"_ _304\"> </span></div></td><td class=\"c n xd08 y21fd w700 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Lloyd\u2019<span class=\"_ _9\"></span>s corpo<span class=\"_ _7\"></span>rate Name<span class=\"_ _304\"> </span></div></td><td class=\"c n xd09 y21fd w6e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Gre<span class=\"_ _7\"></span>at Bri<span class=\"_ _7\"></span>tain<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21fe w701 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Hisc<span class=\"_ _7\"></span>ox Re Insura<span class=\"_ _7\"></span>nce Li<span class=\"_ _7\"></span>nked Strategie<span class=\"_ _7\"></span>s Limi<span class=\"_ _7\"></span>ted*<span class=\"_ _304\"> </span></div></td><td class=\"c n xd0a y21fe w702 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Investment manager<span class=\"_ _304\"> </span></div></td><td class=\"c n xd0b y21fe w6fe h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d wsf4\">Bermuda<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21ff w703 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Hisc<span class=\"_ _7\"></span>ox Agency L<span class=\"_ _7\"></span>imited*<span class=\"_ _304\"> </span></div></td><td class=\"c n xd0c y21ff w704 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Lloyd<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> ser<span class=\"_ _7\"></span>vice company<span class=\"_ _304\"> </span></div></td><td class=\"c n xd0d y21ff w705 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d wsf4\">Bermuda<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2200 w706 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Hiscox<span class=\"_ _9\"></span> Holdings Limited<span class=\"_ _304\"> </span></div></td><td class=\"c n xd00 y2200 w707 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Insurance holding company<span class=\"_ _304\"> </span></div></td><td class=\"c n xd0e y2200 w6e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Great B<span class=\"_ _7\"></span>ritai<span class=\"_ _7\"></span>n<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2201 w708 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Hiscox<span class=\"_ _9\"></span> Syndicates Limited<span class=\"_ _304\"> </span></div></td><td class=\"c n xd00 y2201 w709 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Lloyd<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s<span class=\"_ _9\"></span> managing agent<span class=\"_ _304\"> </span></div></td><td class=\"c n xd0f y2201 w6e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Great Br<span class=\"_ _7\"></span>itai<span class=\"_ _7\"></span>n<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2202 w70a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Hisc<span class=\"_ _7\"></span>ox ASM Lt<span class=\"_ _9\"></span>d.<span class=\"_ _304\"> </span></div></td><td class=\"c n xd10 y2202 w70b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Insuranc<span class=\"_ _7\"></span>e int<span class=\"_ _9\"></span>erme<span class=\"_ _7\"></span>diar<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></div></td><td class=\"c n xd11 y2202 w6e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Gre<span class=\"_ _7\"></span>at Brit<span class=\"_ _7\"></span>ain<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2203 w70c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Hiscox<span class=\"_ _9\"></span> Under<span class=\"_ _7\"></span>writing Group Serv<span class=\"_ _7\"></span>ices Limit<span class=\"_ _9\"></span>ed<span class=\"_ _304\"> </span></div></td><td class=\"c n xd12 y2203 w70d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Ser<span class=\"_ _7\"></span>vice company<span class=\"_ _304\"> </span></div></td><td class=\"c n xd13 y2203 w70e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">G<span class=\"_ _7\"></span>reat Br<span class=\"_ _7\"></span>itain<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2204 w70f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">Hiscox Underwr<span class=\"_ _7\"></span>iting L<span class=\"_ _9\"></span>td<span class=\"_ _304\"> </span></div></td><td class=\"c n xd14 y2204 w710 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">Under<span class=\"_ _7\"></span>writing agent<span class=\"_ _304\"> </span></div></td><td class=\"c n xd03 y2204 w6e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Gre<span class=\"_ _7\"></span>at Brita<span class=\"_ _7\"></span>in<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2205 w711 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Hiscox<span class=\"_ _9\"></span> Soci\u00e9t\u00e9 Anonyme<span class=\"_ _9\"></span>*<span class=\"_ _304\"> </span></div></td><td class=\"c n xcfc y2205 w6f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Gene<span class=\"_ _7\"></span>ral insurance<span class=\"_ _304\"> </span></div></td><td class=\"c n xd15 y2205 w712 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Lu<span class=\"_ _7\"></span>x<span class=\"_ _9\"></span>embourg<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2206 w713 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Hiscox<span class=\"_ _9\"></span> Insurance Ser<span class=\"_ _7\"></span>vices (Guernsey)<span class=\"_ _9\"></span> Limited<span class=\"_ _304\"> </span></div></td><td class=\"c n xd06 y2206 w714 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">Under<span class=\"_ _7\"></span>wri<span class=\"_ _7\"></span>ting<span class=\"_ _9\"></span> agency<span class=\"_ _304\"> </span></div></td><td class=\"c n xd07 y2206 w715 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws10a\">Guernsey<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f6e w716 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Hiscox<span class=\"_ _9\"></span> MGA Limited<span class=\"_ _304\"> </span></div></td><td class=\"c n xd00 y1f6e w6f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Insurance intermed<span class=\"_ _7\"></span>iar<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></div></td><td class=\"c n xd01 y1f6e w6e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Gre<span class=\"_ _7\"></span>at Brita<span class=\"_ _7\"></span>in<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f6f w717 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Hiscox<span class=\"_ _9\"></span> Insurance Holdings Limited<span class=\"_ _304\"> </span></div></td><td class=\"c n xd00 y1f6f w718 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Holding compan<span class=\"_ _9\"></span>y<span class=\"_ _304\"> </span></div></td><td class=\"c n xcf7 y1f6f w6e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Gre<span class=\"_ _7\"></span>at Brita<span class=\"_ _7\"></span>in<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fb1 w719 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Hisco<span class=\"_ _9\"></span>x Connect Limited<span class=\"_ _304\"> </span></div></td><td class=\"c n xd16 y1fb1 w71a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Ser<span class=\"_ _7\"></span>vice company<span class=\"_ _304\"> </span></div></td><td class=\"c n xd17 y1fb1 w6e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Gre<span class=\"_ _7\"></span>at Bri<span class=\"_ _7\"></span>tain<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f41 w2cb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Hisc<span class=\"_ _7\"></span>ox Assure SAS<span class=\"_ _304\"> </span></div></td><td class=\"c n xd18 y1f41 w6f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Insurance intermed<span class=\"_ _7\"></span>iar<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></div></td><td class=\"c n xcf3 y1f41 w71b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa9 ws106\">Fra<span class=\"_ _7\"></span>nc<span class=\"_ _7\"></span>e<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f42 w71c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Direct Asia In<span class=\"_ _9\"></span>surance (Holdings<span class=\"_ _9\"></span>) Pte L<span class=\"_ _9\"></span>td<span class=\"_ _304\"> </span></div></td><td class=\"c n xd19 y1f42 w718 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Holding compan<span class=\"_ _9\"></span>y<span class=\"_ _304\"> </span></div></td><td class=\"c n xd1a y1f42 w71d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">S<span class=\"_ _7\"></span>ingapore<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f61 w71e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Direct Asia In<span class=\"_ _9\"></span>surance (Singapore<span class=\"_ _9\"></span>) Pte<span class=\"_ _9\"></span> Limited<span class=\"_ _304\"> </span></div></td><td class=\"c n xd1b y1f61 w71f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Ge<span class=\"_ _7\"></span>neral Insurance<span class=\"_ _304\"> </span></div></td><td class=\"c n xd1c y1f61 w720 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Singapore<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w721 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Dire<span class=\"_ _7\"></span>ct Asi<span class=\"_ _7\"></span>a Manag<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt Ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ces P<span class=\"_ _7\"></span>te Lt<span class=\"_ _9\"></span>d<span class=\"_ _304\"> </span></div></td><td class=\"c n xd1d y1e80 w722 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Se<span class=\"_ _7\"></span>rvic<span class=\"_ _7\"></span>e compan<span class=\"_ _9\"></span>y<span class=\"_ _304\"> </span></div></td><td class=\"c n xd1e y1e80 w720 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Singapore<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 h5 ff5f fs2 fc2 sc0 lsc wsc gsedf\">*He<span class=\"_ _7\"></span>ld di<span class=\"_ _7\"></span>rec<span class=\"_ _7\"></span>tly by Hi<span class=\"_ _7\"></span>scox Ltd.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsee0\">All principal subsidiaries ar<span class=\"_ _9\"></span>e wholly owned<span class=\"_ _9\"></span>. The proportion of<span class=\"_ _9\"></span> vot<span class=\"_ _9\"></span>ing rights<span class=\"_ _9\"></span> of subsidiaries held is<span class=\"_ _9\"></span> the same as t<span class=\"_ _9\"></span>he proportion of<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsee1\">equity shares held.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-399": {
   "value": "<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls3b ws44 gsd2a\">1<span class=\"_ _a\"></span>4 Financial assets and liabilities<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd2b\">Fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets d<span class=\"_ _7\"></span>esig<span class=\"_ _7\"></span>nated at fair val<span class=\"_ _7\"></span>ue throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s are me<span class=\"_ _7\"></span>asured at f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>es, with al<span class=\"_ _7\"></span>l chan<span class=\"_ _7\"></span>ges fro<span class=\"_ _7\"></span>m one acc<span class=\"_ _7\"></span>ounting </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd2c\">per<span class=\"_ _7\"></span>iod to the nex<span class=\"_ _7\"></span>t bein<span class=\"_ _7\"></span>g record<span class=\"_ _7\"></span>ed throug<span class=\"_ _7\"></span>h the inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span></div><div class=\"t m0 h44 ff5f fs28 fc2 sc0 ls14d ws1f8 gsd2d\">Note<span class=\"_ _304\"> </span></div><div class=\"gsd2e\"><table class=\"s w445 hc0\" id=\"_4393bbc0-2bbe-4640-af0c-5044372a85d7\"><tr><td></td><td></td><td class=\"t m0 x1fb h43 y2079 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2079 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x201 h43 y207a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y207a ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ff7 w1c6 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x841 y1ff7 w1cc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x842 y1ff7 wa7 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y207b w446 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Equi<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s an<span class=\"_ _7\"></span>d inves<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt fu<span class=\"_ _7\"></span>nds<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x843 y207b w226 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">205.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x844 y207b w14e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y207c w447 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">T<span class=\"_ _a\"></span>ota<span class=\"_ _7\"></span>l inve<span class=\"_ _7\"></span>stme<span class=\"_ _7\"></span>nts<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x845 y207c w448 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">6,<span class=\"_ _7\"></span>53<span class=\"_ _7\"></span>9.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x846 y207c w449 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _7\"></span>,76<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y207d ff5f fs7 fc2 sc0 ls3c ws45\">Insurance-linked funds<span class=\"_ _304\"> </span></td><td class=\"c n x31b y1f87 w44a h91\"><div class=\"t m0 x1b6 he y1e4c ff5f fs28 fc2 sc0 ls14a ws1f3\">17<span class=\"_ _304\"> </span></div></td><td class=\"c n x847 y1f86 wa4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">35<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x848 y1f86 w44b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">4<span class=\"_ _7\"></span>5.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y207e ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></td><td class=\"c n x31b y1f89 w3a8 h91\"><div class=\"t m0 x1b6 he y1e4c ff5f fs28 fc2 sc0 ls149 ws1f2\">16<span class=\"_ _304\"> </span></div></td><td class=\"c n x849 y1ed8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x84a y1ed8 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w44c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al financ<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>sets ca<span class=\"_ _7\"></span>rri<span class=\"_ _7\"></span>ed at fair va<span class=\"_ _7\"></span>lue<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x84b y1e80 w44d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,57<span class=\"_ _a\"></span>4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x84c y1e80 w44e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd2f\">The e<span class=\"_ _7\"></span>ffe<span class=\"_ _7\"></span>ctive matur<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y of the debt an<span class=\"_ _7\"></span>d fixed inc<span class=\"_ _7\"></span>ome hol<span class=\"_ _7\"></span>dings du<span class=\"_ _7\"></span>e within a<span class=\"_ _7\"></span>nd af<span class=\"_ _7\"></span>ter one ye<span class=\"_ _7\"></span>ar are as fol<span class=\"_ _7\"></span>lows:<span class=\"_ _304\"> </span></div><div class=\"gsd30\"><table class=\"s w44f hc1\" id=\"_a9aea2eb-f66e-4827-bfc8-9288d74d0213\"><tr><td></td><td class=\"t m0 x1fb h43 y207f ff64 fs28 fc2 sc0 ls9f wsb8\">2023</td><td class=\"t m0 x84d h44 y207f ff5f fs28 fc2 sc0 lsa1 ws12c\"> 2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2080 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y2080 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2081 w450 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Within one<span class=\"_ _9\"></span> year<span class=\"_ _304\"> </span></div></td><td class=\"c n x84e y2081 w1cf h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x84f y2081 w1f7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w451 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x850 y1ed8 w452 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _2c\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x851 y1ed8 w453 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>7<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x852 y1e80 w1cc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x853 y1e80 wa7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd31\">Equiti<span class=\"_ _7\"></span>es, investme<span class=\"_ _7\"></span>nt fund<span class=\"_ _7\"></span>s and ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e-lin<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span>ed s<span class=\"_ _7\"></span>ecur<span class=\"_ _7\"></span>ities d<span class=\"_ _7\"></span>o not have any matur<span class=\"_ _7\"></span>ity d<span class=\"_ _7\"></span>ates. The ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive maturi<span class=\"_ _7\"></span>ty of al<span class=\"_ _7\"></span>l other </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd32\">fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets is du<span class=\"_ _7\"></span>e withi<span class=\"_ _7\"></span>n one year<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws41 gsd33\">An a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>is of the cred<span class=\"_ _7\"></span>it risk a<span class=\"_ _7\"></span>nd contra<span class=\"_ _7\"></span>ctual m<span class=\"_ _7\"></span>aturit<span class=\"_ _7\"></span>y profile<span class=\"_ _7\"></span>s of the Group\u2019<span class=\"_ _a\"></span>s fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial instr<span class=\"_ _7\"></span>ume<span class=\"_ _7\"></span>nts is given in n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>3.3(<span class=\"_ _9\"></span>d) an<span class=\"_ _7\"></span>d 3.3(<span class=\"_ _9\"></span>e)<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsd34\">Financial liabilit<span class=\"_ _9\"></span>ies of the<span class=\"_ _9\"></span> Group are<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"t m0 h44 ff5f fs28 fc2 sc0 ls14d ws1f8 gsd35\">Note<span class=\"_ _304\"> </span></div><div class=\"gsd36\"><table class=\"s w445 hc2\" id=\"_bcf72cad-b883-472c-b6ab-daa3693171cf\"><tr><td></td><td></td><td class=\"t m0 x1fb h43 y2082 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2082 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x201 h43 y2083 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y2083 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed8 w454 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></div></td><td class=\"c n x854 y1f89 w3a8 h94\"><div class=\"t m0 x1b6 he y1e7b ff5f fs28 fc2 sc0 ls149 ws1f2\">16<span class=\"_ _304\"> </span></div></td><td class=\"c n x855 y1ed8 w436 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x856 y1ed8 w177 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w455 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Finan<span class=\"_ _7\"></span>cial liab<span class=\"_ _7\"></span>ilities c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at fai<span class=\"_ _7\"></span>r value<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x81f y1e80 w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x857 y1e80 w456 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"gsd37\"><table class=\"s w445 hc3\" id=\"_9c8e7f80-6dfb-4382-a09a-8c5f726aec17\"><tr><td></td><td class=\"t m0 x1fb h43 y2084 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2084 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2085 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y2085 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed4 w457 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Borrowings<span class=\"_ _304\"> </span></div></td><td class=\"c n x858 y1ed4 w458 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x78f y1ed4 w384 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsde ws144\">6<span class=\"_ _7\"></span>28.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2086 w459 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accr<span class=\"_ _7\"></span>ued intere<span class=\"_ _7\"></span>st on bo<span class=\"_ _7\"></span>rrowings<span class=\"_ _304\"> </span></div></td><td class=\"c n x859 y2086 w109 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x85a y2086 w45a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w45b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Finan<span class=\"_ _7\"></span>cial liab<span class=\"_ _7\"></span>ilities c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x85b y1ed8 w45c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">67<span class=\"_ _a\"></span>4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x85c y1ed8 w45d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">6<span class=\"_ _7\"></span>35.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w45e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsa3\">T<span class=\"_ _a\"></span>ota<span class=\"_ _7\"></span>l financia<span class=\"_ _7\"></span>l liabilitie<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x85d y1e80 wa8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls140 ws226\">6<span class=\"_ _8\"></span>74<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x85e y1e80 w20f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">6<span class=\"_ _7\"></span>36.2<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd38\">All of the fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es car<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>d at fair val<span class=\"_ _7\"></span>ue are due w<span class=\"_ _7\"></span>ithin on<span class=\"_ _7\"></span>e year a<span class=\"_ _7\"></span>nd all the bo<span class=\"_ _7\"></span>rrowing<span class=\"_ _7\"></span>s are due af<span class=\"_ _7\"></span>ter on<span class=\"_ _7\"></span>e year<span class=\"_ _9\"></span>. Accrue<span class=\"_ _7\"></span>d </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd39\">interest o<span class=\"_ _7\"></span>n long-term d<span class=\"_ _7\"></span>ebt is due w<span class=\"_ _7\"></span>ithin on<span class=\"_ _7\"></span>e year<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd3a\">On 2<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novem<span class=\"_ _7\"></span>ber<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>201<span class=\"_ _a\"></span>5, the Grou<span class=\"_ _7\"></span>p issue<span class=\"_ _7\"></span>d \u00a327<span class=\"_ _9\"></span>5.<span class=\"_ _9\"></span>0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion 6.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>25<span class=\"_ _a\"></span>% fi<span class=\"_ _7\"></span>xed-t<span class=\"_ _9\"></span>o-floating r<span class=\"_ _7\"></span>ate callab<span class=\"_ _7\"></span>le subo<span class=\"_ _7\"></span>rdinated notes du<span class=\"_ _7\"></span>e 2045,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd3b\">with a fir<span class=\"_ _7\"></span>st cal<span class=\"_ _7\"></span>l date of 2<span class=\"_ _9\"></span>025<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd3c\">The n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es b<span class=\"_ _7\"></span>ear i<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rest from, an<span class=\"_ _7\"></span>d inclu<span class=\"_ _7\"></span>ding, 2<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novemb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>5 at a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>fixed rate of 6.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>% per a<span class=\"_ _7\"></span>nnum a<span class=\"_ _7\"></span>nnual<span class=\"_ _7\"></span>ly in ar<span class=\"_ _7\"></span>rear<span class=\"_ _7\"></span>s star<span class=\"_ _7\"></span>ting <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd3d\">2<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novemb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>6 up until the fi<span class=\"_ _7\"></span>rst ca<span class=\"_ _7\"></span>ll date in Novembe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>5 an<span class=\"_ _7\"></span>d thereaf<span class=\"_ _7\"></span>ter at a fl<span class=\"_ _7\"></span>oating rate of interest e<span class=\"_ _7\"></span>qual to the sum of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd3e\">com<span class=\"_ _7\"></span>pound<span class=\"_ _7\"></span>ed dai<span class=\"_ _7\"></span>ly Sterli<span class=\"_ _7\"></span>ng Over<span class=\"_ _7\"></span>night In<span class=\"_ _7\"></span>dex Av<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>age (SONIA), the referen<span class=\"_ _7\"></span>ce rate adjustm<span class=\"_ _7\"></span>ent of 0.<span class=\"_ _20\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>9<span class=\"_ _7\"></span>3<span class=\"_ _9\"></span>% and a m<span class=\"_ _7\"></span>argin of 5.0<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>6%<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd3f\">payable q<span class=\"_ _7\"></span>uar<span class=\"_ _7\"></span>terl<span class=\"_ _7\"></span>y in arre<span class=\"_ _7\"></span>ars o<span class=\"_ _7\"></span>n each flo<span class=\"_ _7\"></span>ating interes<span class=\"_ _7\"></span>t payment d<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd41\">On 25<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novemb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>, the notes we<span class=\"_ _7\"></span>re admit<span class=\"_ _7\"></span>ted for tradin<span class=\"_ _7\"></span>g on the Lond<span class=\"_ _7\"></span>on Stock E<span class=\"_ _7\"></span>xchang<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s regul<span class=\"_ _7\"></span>ated market. The n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es we<span class=\"_ _7\"></span>re <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd42\">rated BBB<span class=\"_ _7\"></span>- by S&amp;P as well a<span class=\"_ _7\"></span>s by Fitch.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd43\">On 22<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Se<span class=\"_ _7\"></span>ptember<span class=\"_ gs2e8\"> </span><span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>022, t<span class=\"_ _9\"></span>he G<span class=\"_ _7\"></span>roup is<span class=\"_ _7\"></span>sued \u00a3<span class=\"_ _7\"></span>2<span class=\"_ _9\"></span>50.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n 6<span class=\"_ _9\"></span>% notes du<span class=\"_ _7\"></span>e Septembe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>. T<span class=\"_ _7\"></span>he notes will b<span class=\"_ _7\"></span>e rede<span class=\"_ _7\"></span>emed o<span class=\"_ _7\"></span>n the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd44\">matur<span class=\"_ _7\"></span>ity d<span class=\"_ _7\"></span>ate at their pri<span class=\"_ _7\"></span>ncipa<span class=\"_ _7\"></span>l amount tog<span class=\"_ _7\"></span>ether wi<span class=\"_ _7\"></span>th accru<span class=\"_ _7\"></span>ed intere<span class=\"_ _7\"></span>st.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd45\">The n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es b<span class=\"_ _7\"></span>ear i<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rest from, an<span class=\"_ _7\"></span>d inclu<span class=\"_ _7\"></span>ding, 22 Septemb<span class=\"_ _7\"></span>er 2022 at a fixed rate of 6<span class=\"_ _9\"></span>% pe<span class=\"_ _7\"></span>r annu<span class=\"_ _7\"></span>m annua<span class=\"_ _7\"></span>lly in a<span class=\"_ _7\"></span>rrea<span class=\"_ _7\"></span>rs star<span class=\"_ _7\"></span>tin<span class=\"_ _7\"></span>g </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd46\">22<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Septemb<span class=\"_ _7\"></span>er 2022 until matur<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y on 22 Septemb<span class=\"_ _7\"></span>er 202<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd47\">On 22 Se<span class=\"_ _7\"></span>pt<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ber 2022<span class=\"_ _9\"></span>, the n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es we<span class=\"_ _7\"></span>re admit<span class=\"_ _7\"></span>ted for tradin<span class=\"_ _7\"></span>g on the Luxem<span class=\"_ _7\"></span>bourg S<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>oc<span class=\"_ _7\"></span>k Excha<span class=\"_ _7\"></span>nge\u2019<span class=\"_ _a\"></span>s Eu<span class=\"_ _7\"></span>ro MTF<span class=\"_ _a\"></span>. The notes <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd48\">were rated BB<span class=\"_ _7\"></span>B+ by S&amp;P as well a<span class=\"_ _7\"></span>s by Fitch.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd49\">The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e of the borrowi<span class=\"_ _7\"></span>ngs is e<span class=\"_ _7\"></span>stimated at $681<span class=\"_ _a\"></span>.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$<span class=\"_ _7\"></span>62<span class=\"_ _9\"></span>3.<span class=\"_ _a\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n)<span class=\"_ _9\"></span>. The fai<span class=\"_ _7\"></span>r value me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>ment is <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd4a\">cla<span class=\"_ _7\"></span>ssifie<span class=\"_ _7\"></span>d withi<span class=\"_ _7\"></span>n Level 1 of the fair va<span class=\"_ _7\"></span>lue hie<span class=\"_ _7\"></span>rarchy<span class=\"_ _9\"></span>. The fa<span class=\"_ _7\"></span>ir value i<span class=\"_ _7\"></span>s estimated by refere<span class=\"_ _7\"></span>nce to the acti<span class=\"_ _7\"></span>vely trade<span class=\"_ _7\"></span>d value <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3d ws46 gsd4b\">on the<span class=\"_ _9\"></span> stock<span class=\"_ _9\"></span> ex<span class=\"_ _9\"></span>changes.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd4c\">The i<span class=\"_ _7\"></span>ncrea<span class=\"_ _7\"></span>se in the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng value of the b<span class=\"_ _7\"></span>orrowin<span class=\"_ _7\"></span>gs and ac<span class=\"_ _7\"></span>crue<span class=\"_ _7\"></span>d interest d<span class=\"_ _7\"></span>uring th<span class=\"_ _7\"></span>e year co<span class=\"_ _7\"></span>mpris<span class=\"_ _7\"></span>es a drawdown of n<span class=\"_ _7\"></span>ew<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd4d\">bor<span class=\"_ _7\"></span>rowings of $n<span class=\"_ _7\"></span>il (2<span class=\"_ _9\"></span>022: $2<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>9.<span class=\"_ _20\"></span>1 mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>, repaym<span class=\"_ _7\"></span>ent of sho<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>m borrowin<span class=\"_ _7\"></span>gs of $nil (2022<span class=\"_ _9\"></span>: repay<span class=\"_ _7\"></span>ment of $33<span class=\"_ _7\"></span>6.<span class=\"_ _9\"></span>6 mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>, the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd4e\">amo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>sation of the di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>e bet<span class=\"_ _7\"></span>ween the n<span class=\"_ _7\"></span>et proce<span class=\"_ _7\"></span>eds rec<span class=\"_ _7\"></span>eived a<span class=\"_ _7\"></span>nd the red<span class=\"_ _7\"></span>emption a<span class=\"_ _7\"></span>mounts of $<span class=\"_ _7\"></span>0<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>7 mill<span class=\"_ _7\"></span>ion (2022<span class=\"_ _9\"></span>: $0.9 million)<span class=\"_ _9\"></span>, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd4f\">the de<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e in accr<span class=\"_ _7\"></span>ued in<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ere<span class=\"_ _7\"></span>st of $0.<span class=\"_ _20\"></span>1 m<span class=\"_ _7\"></span>illion (2022<span class=\"_ _9\"></span>: inc<span class=\"_ _7\"></span>rease of $6.5 mi<span class=\"_ _7\"></span>llion) plus excha<span class=\"_ _7\"></span>nge movem<span class=\"_ _7\"></span>ents of $37<span class=\"_ _e\"></span>.9 mil<span class=\"_ _7\"></span>lion <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd50\">(202<span class=\"_ _9\"></span>2: less excha<span class=\"_ _7\"></span>nge moveme<span class=\"_ _7\"></span>nts of $60.5 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd51\">Note<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>9 inclu<span class=\"_ _7\"></span>des de<span class=\"_ _7\"></span>tails of the intere<span class=\"_ _7\"></span>st expe<span class=\"_ _7\"></span>nse for the ye<span class=\"_ _7\"></span>ar incl<span class=\"_ _7\"></span>uded in fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>e costs.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd52\">Investme<span class=\"_ _7\"></span>nts at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er are de<span class=\"_ _7\"></span>nomi<span class=\"_ _7\"></span>nated in the foll<span class=\"_ _7\"></span>owing cur<span class=\"_ _7\"></span>renci<span class=\"_ _7\"></span>es at the<span class=\"_ _7\"></span>ir fair val<span class=\"_ _7\"></span>ue<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"gsd53\"><table class=\"s w45f hc4\" id=\"_878bd962-25af-4943-93d3-201e09de0369\"><tr><td></td><td class=\"t m0 x26c h43 y2087 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y2087 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y2088 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x6ff h44 y2088 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y2089 ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y208a w460 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3e ws47\">US Dollars<span class=\"_ _304\"> </span></div></td><td class=\"c n x85f y208a w461 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">4,<span class=\"_ _7\"></span>572.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x860 y208a w462 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls77 wsf1\">3,9<span class=\"_ _7\"></span>32<span class=\"_ _9\"></span>.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x861 y208b w200 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws247\">Ste<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>li<span class=\"_ _7\"></span>ng<span class=\"_ _304\"> </span></div></td><td class=\"c n x862 y208b w463 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">96<span class=\"_ _7\"></span>0.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x863 y208b w29b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">8<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y208c w464 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Euro<span class=\"_ _9\"></span> and other curr<span class=\"_ _9\"></span>encies<span class=\"_ _304\"> </span></div></td><td class=\"c n x864 y208c w219 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">8<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x863 y208c w465 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">6<span class=\"_ _7\"></span>72.7<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x865 y1fca w1cc h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x866 y1fca wa7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y208d ff5f fs7 fc2 sc0 ls85 ws84\">Equi<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s an<span class=\"_ _7\"></span>d inves<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt fu<span class=\"_ _7\"></span>nds<span class=\"ls8 ws4\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y1ed2 w460 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3e ws47\">US Dollars<span class=\"_ _304\"> </span></div></td><td class=\"c n x867 y1ed2 wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">8<span class=\"_ _7\"></span>4.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x1e9 y1ed2 w466 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">18<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x861 y1ed4 w200 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws247\">Ste<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>li<span class=\"_ _7\"></span>ng<span class=\"_ _304\"> </span></div></td><td class=\"c n x868 y1ed4 wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">84.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x869 y1ed4 w467 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">11<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y1ed7 w464 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Euro<span class=\"_ _9\"></span> and other curr<span class=\"_ _9\"></span>encies<span class=\"_ _304\"> </span></div></td><td class=\"c n x86a y1ed7 w5d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">36.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x86b y1ed7 w24b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">33.9<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x86c y1ed8 w226 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">205.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x86d y1ed8 w14e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w468 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsa3\">T<span class=\"_ _a\"></span>ota<span class=\"_ _7\"></span>l inv<span class=\"_ _9\"></span>es<span class=\"_ _7\"></span>tments<span class=\"_ _304\"> </span></div></td><td class=\"c n x86e y1e80 w448 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">6,<span class=\"_ _7\"></span>53<span class=\"_ _7\"></span>9.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x86f y1e80 w449 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _7\"></span>,76<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls39 ws43 gsd55\">1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span> T<span class=\"_ _a\"></span>r<span class=\"_ _7\"></span>ade and other receivables<span class=\"_ _304\"> </span></div><div class=\"gsc82\"><table class=\"s w445 hc5\" id=\"_f590a1ab-7b6b-43cb-a7b3-729ea1c6a2b4\"><tr><td></td><td></td><td class=\"t m0 x1fc h44 y208e ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1fb h43 y208f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1ff h44 y208f ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2090 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y2090 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2091 w469 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Prepaym<span class=\"_ _7\"></span>ents and a<span class=\"_ _7\"></span>ccru<span class=\"_ _7\"></span>ed inc<span class=\"_ _7\"></span>ome<span class=\"_ _304\"> </span></div></td><td class=\"c n x870 y2091 w2c9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">31.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x871 y2091 w54 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">30.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2092 ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>rad<span class=\"_ _7\"></span>e and other re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>vable<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y2093 w46a h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Acc<span class=\"_ _7\"></span>rue<span class=\"_ _7\"></span>d interest<span class=\"_ _304\"> </span></div></td><td class=\"c n x872 y2093 w203 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">55.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x873 y2093 wcc h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">3<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y2094 w46b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">O<span class=\"_ _7\"></span>ther de<span class=\"_ _7\"></span>bt<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>s includ<span class=\"_ _7\"></span>ing rel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ty a<span class=\"_ _7\"></span>mounts<span class=\"_ _304\"> </span></div></td><td class=\"c n x874 y2094 w46c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">119<span class=\"_ _2c\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x875 y2094 w46d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">9<span class=\"_ _7\"></span>3.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2095 w46e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al trade a<span class=\"_ _7\"></span>nd other re<span class=\"_ _7\"></span>ceivab<span class=\"_ _7\"></span>les<span class=\"_ _304\"> </span></div></td><td class=\"c n x876 y2095 w46f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x720 y2095 w470 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">16<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2096 ff5f fs7 fc2 sc0 ls38 ws41\">The a<span class=\"_ _7\"></span>mounts ex<span class=\"_ _7\"></span>pected to be rec<span class=\"_ _7\"></span>overed before a<span class=\"_ _7\"></span>nd af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r are es<span class=\"_ _7\"></span>timated as follows:<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f61 w450 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Within one<span class=\"_ _9\"></span> year<span class=\"_ _304\"> </span></div></td><td class=\"c n x843 y1f61 w471 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x794 y1f61 w63 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w451 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x877 y1e80 w472 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x878 y1e80 w6c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">48<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls39 ws43 gsd57\">1<span class=\"_ _9\"></span>6 Derivativ<span class=\"_ _9\"></span>e financial instr<span class=\"_ _7\"></span>uments </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd58\">The G<span class=\"_ _7\"></span>roup en<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ere<span class=\"_ _7\"></span>d into both ex<span class=\"_ _9\"></span>cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>-<span class=\"_ _9\"></span>trad<span class=\"_ _7\"></span>ed and over<span class=\"_ _9\"></span>-the-c<span class=\"_ _7\"></span>ounter de<span class=\"_ _7\"></span>rivative co<span class=\"_ _7\"></span>ntracts for a nu<span class=\"_ _7\"></span>mber of pu<span class=\"_ _7\"></span>rpose<span class=\"_ _7\"></span>s dur<span class=\"_ _7\"></span>ing 2023<span class=\"_ _9\"></span>. <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd59\">The G<span class=\"_ _7\"></span>roup had th<span class=\"_ _7\"></span>e right a<span class=\"_ _7\"></span>nd intention to set<span class=\"_ _7\"></span>tle eac<span class=\"_ _7\"></span>h contrac<span class=\"_ _7\"></span>t on a net bas<span class=\"_ _7\"></span>is. The as<span class=\"_ _7\"></span>sets and l<span class=\"_ _7\"></span>iabil<span class=\"_ _7\"></span>ities of the<span class=\"_ _7\"></span>se contra<span class=\"_ _7\"></span>cts at </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd5a\">3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023 all matu<span class=\"_ _7\"></span>re within o<span class=\"_ _7\"></span>ne year of the ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e shee<span class=\"_ _7\"></span>t date and are det<span class=\"_ _7\"></span>ailed b<span class=\"_ _7\"></span>elow:<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gsd5b\">3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _304\"> </span></div><div class=\"gsd5c\"><table class=\"s w473 hc6\" id=\"_5cb214d2-b091-419c-bf03-f4d79a28eb77\"><tr><td></td><td class=\"t m0 x879 h43 y2097 ff64 fs28 fc2 sc0 ls175 ws248\">Gross<span class=\"_ _9\"></span> contract<span class=\"_ _304\"> </span></td><td class=\"t m0 x6f2 h43 y2097 ff64 fs28 fc2 sc0 lse4 ws15d\">Fair v<span class=\"_ _7\"></span>alu<span class=\"_ _7\"></span>e<span class=\"_ _304\"> </span></td><td class=\"t m0 x7ba h43 y2097 ff64 fs28 fc2 sc0 lse4 ws15d\">Fair v<span class=\"_ _7\"></span>alu<span class=\"_ _7\"></span>e<span class=\"_ _304\"> </span></td><td class=\"t m0 x87a h43 y2097 ff64 fs28 fc2 sc0 lse6 ws138\">Net balance</td></tr><tr><td></td><td class=\"t m0 x87b h43 y2098 ff64 fs28 fc2 sc0 lse6 ws138\"> notional amount<span class=\"_ _304\"> </span></td><td class=\"t m0 x25e h43 y2098 ff64 fs28 fc2 sc0 lse4 ws15d\">of as<span class=\"_ _7\"></span>se<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></td><td class=\"t m0 x87c h43 y2098 ff64 fs28 fc2 sc0 ls131 ws1b8\">of liabilities<span class=\"_ _304\"> </span></td><td class=\"t m0 x824 h43 y2098 ff64 fs28 fc2 sc0 lse6 ws138\">sheet position</td></tr><tr><td></td><td class=\"t m0 x6f4 h43 y2099 ff64 fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y2099 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h43 y2099 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y2099 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb h25 y209a ff64 fs7 fc2 sc0 ls38 ws41\">Der<span class=\"_ _7\"></span>ivative financi<span class=\"_ _7\"></span>al instr<span class=\"_ _7\"></span>ument<span class=\"_ _7\"></span>s include<span class=\"_ _7\"></span>d on bal<span class=\"_ _7\"></span>ance sh<span class=\"_ _7\"></span>eet<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y209b w474 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Foreign<span class=\"_ _9\"></span> exchange<span class=\"_ _9\"></span> for<span class=\"_ _7\"></span>w<span class=\"_ _9\"></span>ard contra<span class=\"_ _9\"></span>cts<span class=\"_ _304\"> </span></div></td><td class=\"c n x87d y209b w68 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">5.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x87e y209b w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x87f y209b w420 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x880 y209b w420 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y209c w475 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Interest rat<span class=\"_ _9\"></span>e futures contracts<span class=\"_ _304\"> </span></div></td><td class=\"c n x881 y209c w476 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12c ws1b0\">16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x608 y209c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x882 y209c w16a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x883 y209c w477 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(0.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y209d ff5f fs7 fc2 sc0 ls38 ws41\">The fo<span class=\"_ _7\"></span>reign excha<span class=\"_ _7\"></span>nge for<span class=\"_ _7\"></span>ward co<span class=\"_ _7\"></span>ntracts are re<span class=\"_ _7\"></span>prese<span class=\"_ _7\"></span>nted by gross fai<span class=\"_ _7\"></span>r value of as<span class=\"_ _7\"></span>sets and li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties as d<span class=\"_ _7\"></span>etaile<span class=\"_ _7\"></span>d bel<span class=\"_ _7\"></span>ow<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f7e w478 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Gros<span class=\"_ _7\"></span>s fair valu<span class=\"_ _7\"></span>e of assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1f7e w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x885 y1f7e w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x886 y1f7e wea h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">4<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x887 y1f7e wea h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">4<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f8d w479 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws89\">Gross fair value of liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1f8d w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x885 y1f8d w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x888 y1f8d w47a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4<span class=\"_ _7\"></span>.8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x889 y1f8d w47b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x88a y1e80 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x88b y1e80 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x88c y1e80 w420 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x88d y1e80 w420 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd5d\">3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022<span class=\"_ _304\"> </span></div><div class=\"gsd5e\"><table class=\"s w47c hc7\" id=\"_f364bbcb-46c7-4abf-b749-4f4d423e685d\"><tr><td></td><td class=\"t m0 x271 h44 y209e ff5f fs28 fc2 sc0 ls117 ws17c\">Gross contract<span class=\"_ _304\"> </span></td><td class=\"t m0 x25e h44 y209e ff5f fs28 fc2 sc0 lse6 ws138\">Fair value<span class=\"_ _304\"> </span></td><td class=\"t m0 x6f0 h44 y209e ff5f fs28 fc2 sc0 lse6 ws138\">Fair value<span class=\"_ _304\"> </span></td><td class=\"t m0 x88e h44 y209e ff5f fs28 fc2 sc0 ls34 ws1cb\">Net balan<span class=\"_ _9\"></span>ce</td></tr><tr><td></td><td class=\"t m0 x88f h44 y209f ff5f fs28 fc2 sc0 lsed ws139\"> notional amount<span class=\"_ _304\"> </span></td><td class=\"t m0 x264 h44 y209f ff5f fs28 fc2 sc0 lse4 ws15d\">of as<span class=\"_ _7\"></span>sets<span class=\"_ _304\"> </span></td><td class=\"t m0 x5df h44 y209f ff5f fs28 fc2 sc0 ls10a ws15e\">of liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></td><td class=\"t m0 x890 h44 y209f ff5f fs28 fc2 sc0 ls10a ws15e\">sheet position</td></tr><tr><td></td><td class=\"t m0 x6f4 h44 y20a0 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h44 y20a0 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h44 y20a0 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y20a0 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y20a1 ff5f fs7 fc2 sc0 ls3b ws44\">Derivativ<span class=\"_ _9\"></span>e financial inst<span class=\"_ _9\"></span>ruments included on b<span class=\"_ _9\"></span>alance sheet<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20a2 w474 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Foreign<span class=\"_ _9\"></span> exchange<span class=\"_ _9\"></span> for<span class=\"_ _7\"></span>w<span class=\"_ _9\"></span>ard contra<span class=\"_ _9\"></span>cts<span class=\"_ _304\"> </span></div></td><td class=\"c n x87d y20a2 w38c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">8.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x470 y20a2 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x891 y20a2 w406 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x892 y20a2 w311 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(0.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2094 w475 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Interest rat<span class=\"_ _9\"></span>e futures contracts<span class=\"_ _304\"> </span></div></td><td class=\"c n x881 y2094 w3e3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">34.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x893 y2094 w47d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x894 y2094 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x895 y2094 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y20a3 ff5f fs7 fc2 sc0 ls38 ws41\">The fo<span class=\"_ _7\"></span>reign excha<span class=\"_ _7\"></span>nge for<span class=\"_ _7\"></span>ward co<span class=\"_ _7\"></span>ntracts are re<span class=\"_ _7\"></span>prese<span class=\"_ _7\"></span>nted by gross fai<span class=\"_ _7\"></span>r value of as<span class=\"_ _7\"></span>sets and li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties as d<span class=\"_ _7\"></span>etaile<span class=\"_ _7\"></span>d bel<span class=\"_ _7\"></span>ow<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f86 w478 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Gros<span class=\"_ _7\"></span>s fair valu<span class=\"_ _7\"></span>e of assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1f86 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x896 y1f86 w47e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x73b y1f86 w47f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">6.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x897 y1f86 w32f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w479 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws89\">Gross fair value of liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x898 y1ed8 w311 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(0.8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x899 y1ed8 w480 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x89a y1ed8 w336 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(7<span class=\"_ _a\"></span>.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x88a y1e80 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x88b y1e80 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x89b y1e80 w311 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x89c y1e80 w311 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(0.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gsd5f\">Foreign<span class=\"_ _9\"></span> exchange<span class=\"_ _9\"></span> for<span class=\"_ _7\"></span>w<span class=\"_ _9\"></span>ard contra<span class=\"_ _9\"></span>cts<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd60\">Dur<span class=\"_ _7\"></span>ing the cu<span class=\"_ _7\"></span>rrent a<span class=\"_ _7\"></span>nd prio<span class=\"_ _7\"></span>r year<span class=\"_ _a\"></span>, th<span class=\"_ _7\"></span>e Group e<span class=\"_ _7\"></span>ntered into a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>ser<span class=\"_ _7\"></span>ies of co<span class=\"_ _7\"></span>nventiona<span class=\"_ _7\"></span>l over<span class=\"_ _a\"></span>-the-<span class=\"_ _7\"></span>counter fo<span class=\"_ _7\"></span>rwa<span class=\"_ _7\"></span>rd contracts i<span class=\"_ _7\"></span>n order to </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd61\">sec<span class=\"_ _7\"></span>ure transl<span class=\"_ _7\"></span>ation ga<span class=\"_ _7\"></span>ins made o<span class=\"_ _7\"></span>n Euro<span class=\"_ _9\"></span>, US Do<span class=\"_ _7\"></span>llar a<span class=\"_ _7\"></span>nd other no<span class=\"_ _7\"></span>n-Sterlin<span class=\"_ _7\"></span>g deno<span class=\"_ _7\"></span>minated mo<span class=\"_ _7\"></span>netar<span class=\"_ _7\"></span>y as<span class=\"_ _7\"></span>sets. The c<span class=\"_ _7\"></span>ontracts re<span class=\"_ _7\"></span>quire <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd62\">the Gro<span class=\"_ _7\"></span>up to f<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>ward s<span class=\"_ _7\"></span>ell a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>fixed a<span class=\"_ _7\"></span>mount of the re<span class=\"_ _7\"></span>levant cu<span class=\"_ _7\"></span>rrenc<span class=\"_ _7\"></span>y for Sterlin<span class=\"_ _7\"></span>g at pre-agre<span class=\"_ _7\"></span>ed fu<span class=\"_ _7\"></span>ture exchang<span class=\"_ _7\"></span>e rates. The G<span class=\"_ _7\"></span>roup<span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd63\">made a l<span class=\"_ _7\"></span>oss of $0.<span class=\"_ _a\"></span>1 millio<span class=\"_ _7\"></span>n on the for<span class=\"_ _7\"></span>ward co<span class=\"_ _7\"></span>ntracts dur<span class=\"_ _7\"></span>ing the yea<span class=\"_ _7\"></span>r (2<span class=\"_ _9\"></span>022: gain of $<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.3 m<span class=\"_ _7\"></span>illion)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls73 ws48 gsd64\">Interest rat<span class=\"_ _9\"></span>e futures contracts<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd65\">T<span class=\"_ _a\"></span>o he<span class=\"_ _7\"></span>dge the intere<span class=\"_ _7\"></span>st rate risk th<span class=\"_ _7\"></span>e Group is ex<span class=\"_ _7\"></span>posed to, it continu<span class=\"_ _7\"></span>ed to sell a nu<span class=\"_ _7\"></span>mber of gover<span class=\"_ _7\"></span>nme<span class=\"_ _7\"></span>nt bond f<span class=\"_ _7\"></span>utures d<span class=\"_ _7\"></span>enomi<span class=\"_ _7\"></span>nated <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd66\">in a ran<span class=\"_ _7\"></span>ge of curre<span class=\"_ _7\"></span>ncie<span class=\"_ _7\"></span>s. All are excha<span class=\"_ _7\"></span>nge trad<span class=\"_ _7\"></span>ed and th<span class=\"_ _7\"></span>e Group mad<span class=\"_ _7\"></span>e a gain o<span class=\"_ _7\"></span>n these f<span class=\"_ _7\"></span>utures c<span class=\"_ _7\"></span>ontracts of $1<span class=\"_ _a\"></span>.<span class=\"_ _a\"></span>1 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd67\">(202<span class=\"_ _9\"></span>2: gain of $7<span class=\"_ _e\"></span>.<span class=\"_ _7\"></span>2 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>) as i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>ed in the inve<span class=\"_ _7\"></span>stment re<span class=\"_ _7\"></span>sult in note 7<span class=\"_ _20\"></span>.</div><div class=\"t m0 hd ff63 fs7 fc3 sc0 ls38 ws41 gsd69\">1<span class=\"_ _a\"></span>7 Fai<span class=\"_ _7\"></span>r value me<span class=\"_ _7\"></span>asu<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nts </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd6a\">In acc<span class=\"_ _7\"></span>ordanc<span class=\"_ _7\"></span>e with IFRS 1<span class=\"_ _9\"></span>3 <span class=\"ff68\">Fair Value Meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt,</span> the fair val<span class=\"_ _7\"></span>ue of fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l instru<span class=\"_ _7\"></span>ments, bas<span class=\"_ _7\"></span>ed on a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>thre<span class=\"_ _7\"></span>e-level f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd6b\">hie<span class=\"_ _7\"></span>rarchy that ref<span class=\"_ _7\"></span>lec<span class=\"_ _7\"></span>ts the signi<span class=\"_ _7\"></span>fic<span class=\"_ _7\"></span>ance of the i<span class=\"_ _7\"></span>nputs us<span class=\"_ _7\"></span>ed in me<span class=\"_ _7\"></span>asur<span class=\"_ _7\"></span>ing the fai<span class=\"_ _7\"></span>r value, is set ou<span class=\"_ _7\"></span>t below<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gsd6c\">As at 31 Dece<span class=\"_ _7\"></span>mber 20<span class=\"_ _7\"></span>23<span class=\"_ _304\"> </span></div><div class=\"gsd6d\"><table class=\"s w481 hc8\" id=\"_6495723b-9c4c-4782-a773-10641fc026dd\"><tr><td></td><td class=\"t m0 x89d h43 y20a4 ff64 fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 1<span class=\"_ _304\"> </span></td><td class=\"t m0 x89e h43 y20a4 ff64 fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 2<span class=\"_ _304\"> </span></td><td class=\"t m0 x89f h43 y20a4 ff64 fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 3<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y20a4 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3d7 h43 y20a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h43 y20a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h43 y20a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y20a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 h25 y20a6 ff64 fs7 fc2 sc0 ls3c ws45\">Financial assets<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2051 w1c6 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a0 y2051 w17 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a1 y2051 w482 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws199\">5,03<span class=\"_ _7\"></span>3.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a2 y2051 wa4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6<span class=\"_ _7\"></span>4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a3 y2051 w483 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333<span class=\"_ _9\"></span>.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2052 w446 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Equi<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s an<span class=\"_ _7\"></span>d inves<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt fu<span class=\"_ _7\"></span>nds<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y2052 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a4 y2052 w23b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsad wsca\">17<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a5 y2052 w484 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">3<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a6 y2052 w22 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20<span class=\"_ _7\"></span>5.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2053 w162 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">Insurance-linked funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y2053 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x885 y2053 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a7 y2053 w5d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">35.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a8 y2053 w188 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">35.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2054 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a9 y2054 w17 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 ws10a\">1,<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x8aa y2054 w485 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws155\">5<span class=\"_ _7\"></span>,20<span class=\"_ _7\"></span>8.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ab y2054 w486 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws1da\">13<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ac y2054 w71 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws155\">6<span class=\"_ _7\"></span>,57<span class=\"_ _a\"></span>4.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y20a7 ff64 fs7 fc2 sc0 ls7c ws89\">Financial liabilities<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1ed8 w454 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ad y1ed8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ae y1ed8 w436 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8af y1ed8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b0 y1ed8 w179 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1e80 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b1 y1e80 w424 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b2 y1e80 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b3 y1e80 w68 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd6e\">As at 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2022<span class=\"_ _304\"> </span></div><div class=\"gsd6f\"><table class=\"s w487 hc9\" id=\"_dc99fc47-208f-4e2b-8a32-1e1c199b7610\"><tr><td></td><td class=\"t m0 x89d h44 y20a8 ff5f fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 1<span class=\"_ _304\"> </span></td><td class=\"t m0 x8b4 h44 y20a8 ff5f fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 2<span class=\"_ _304\"> </span></td><td class=\"t m0 x89f h44 y20a8 ff5f fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 3<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y20a8 ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3d7 h44 y20a9 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h44 y20a9 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h44 y20a9 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y20a9 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 he y20aa ff5f fs7 fc2 sc0 ls39 ws43\">Financial assets<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2050 w1c6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b5 y2050 w488 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b6 y2050 w489 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>2<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b7 y2050 w264 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">6<span class=\"_ _2c\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b8 y2050 wa7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e73 w446 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Equi<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s an<span class=\"_ _7\"></span>d inves<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt fu<span class=\"_ _7\"></span>nds<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1e73 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b9 y1e73 w48a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">3<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ba y1e73 w374 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8bb y1e73 w14e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ab w162 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">Insurance-linked funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y20ab w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x885 y20ab w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a7 y20ab w48b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">4<span class=\"_ _7\"></span>5.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8bc y20ab w48c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">45.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2053 w454 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ad y2053 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8bd y2053 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x8be y2053 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8bf y2053 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ac w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c0 y20ac w488 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>2<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c1 y20ac wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4,5<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c2 y20ac w48d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">13<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c3 y20ac w48e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y1f96 ff5f fs7 fc2 sc0 ls3b ws44\">Financial liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1ed8 w454 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ad y1ed8 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c4 y1ed8 w110 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c5 y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c6 y1ed8 w177 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1e80 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x896 y1e80 w47e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c7 y1e80 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x837 y1e80 w456 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd70\">The l<span class=\"_ _7\"></span>evels of the fai<span class=\"_ _7\"></span>r value hi<span class=\"_ _7\"></span>erarc<span class=\"_ _7\"></span>hy are define<span class=\"_ _7\"></span>d by the stand<span class=\"_ _7\"></span>ard as foll<span class=\"_ _7\"></span>ows<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsd71\">A</div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd72\"> <span class=\"_ _20\"></span> <span class=\"_ _24\"></span>Leve<span class=\"_ _7\"></span>l 1 \u2013 fair valu<span class=\"_ _7\"></span>es me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d using qu<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>d price<span class=\"_ _7\"></span>s (unadjus<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>d) in active m<span class=\"_ _7\"></span>arkets for ide<span class=\"_ _7\"></span>ntical i<span class=\"_ _7\"></span>nstrum<span class=\"_ _7\"></span>ents;<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff69 fs7 fc2 sc0 ls8 ws4 gsd73\">A<span class=\"_ _8\"> </span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _a\"></span> <span class=\"_ _24\"></span>Level 2 \u2013 fair va<span class=\"_ _7\"></span>lues m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>red usin<span class=\"_ _7\"></span>g direc<span class=\"_ _7\"></span>tly or indi<span class=\"_ _7\"></span>rectly o<span class=\"_ _7\"></span>bser<span class=\"_ _7\"></span>vab<span class=\"_ _7\"></span>le inpu<span class=\"_ _7\"></span>ts or other si<span class=\"_ _7\"></span>milar va<span class=\"_ _7\"></span>luation tec<span class=\"_ _7\"></span>hniqu<span class=\"_ _7\"></span>es for <span class=\"ls8 ws4\"> </span></span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd74\">whi<span class=\"_ _7\"></span>ch all si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant inp<span class=\"_ _7\"></span>uts are bas<span class=\"_ _7\"></span>ed on ma<span class=\"_ _7\"></span>rket obse<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vable dat<span class=\"_ _7\"></span>a;<span class=\"_ _304\"> </span></div><div class=\"t m0 h61 ff69 fs7 fc2 sc0 ls8 ws4 gsd75\">A</div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd76\"> <span class=\"_ _20\"></span> <span class=\"_ _24\"></span>Leve<span class=\"_ _7\"></span>l 3 \u2013 fair valu<span class=\"_ _7\"></span>es me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d using val<span class=\"_ _7\"></span>uation tech<span class=\"_ _7\"></span>nique<span class=\"_ _7\"></span>s for whi<span class=\"_ _7\"></span>ch sig<span class=\"_ _7\"></span>nifica<span class=\"_ _7\"></span>nt inpu<span class=\"_ _7\"></span>ts are not base<span class=\"_ _7\"></span>d on mar<span class=\"_ _7\"></span>ket<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsd77\">obser<span class=\"_ _7\"></span>vable<span class=\"_ _9\"></span> data.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd78\">The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>es of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s financ<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>sets are t<span class=\"_ _7\"></span>ypic<span class=\"_ _7\"></span>ally b<span class=\"_ _7\"></span>ased o<span class=\"_ _7\"></span>n pric<span class=\"_ _7\"></span>es from nu<span class=\"_ _7\"></span>merou<span class=\"_ _7\"></span>s indep<span class=\"_ _7\"></span>ende<span class=\"_ _7\"></span>nt pri<span class=\"_ _7\"></span>cing se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice<span class=\"_ _7\"></span>s. The </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd79\">pri<span class=\"_ _7\"></span>cing se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice<span class=\"_ _7\"></span>s used by the i<span class=\"_ _7\"></span>nvestment m<span class=\"_ _7\"></span>anag<span class=\"_ _7\"></span>er obtain a<span class=\"_ _7\"></span>ctual tra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>on pric<span class=\"_ _7\"></span>es for se<span class=\"_ _7\"></span>curi<span class=\"_ _7\"></span>ties that h<span class=\"_ _7\"></span>ave quot<span class=\"_ _9\"></span>ed p<span class=\"_ _7\"></span>rice<span class=\"_ _7\"></span>s in acti<span class=\"_ _7\"></span>ve<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsd7a\">market<span class=\"_ _9\"></span>s. For t<span class=\"_ _9\"></span>hose securities which are no<span class=\"_ _9\"></span>t actively t<span class=\"_ _9\"></span>raded, t<span class=\"_ _9\"></span>he pricing ser<span class=\"_ _7\"></span>vices use common market<span class=\"_ _9\"></span> valuation pricing models<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd7b\">Obs<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vabl<span class=\"_ _7\"></span>e inputs us<span class=\"_ _7\"></span>ed in co<span class=\"_ _7\"></span>mmon ma<span class=\"_ _7\"></span>rket valuati<span class=\"_ _7\"></span>on pric<span class=\"_ _7\"></span>ing mod<span class=\"_ _7\"></span>els inc<span class=\"_ _7\"></span>lude, but a<span class=\"_ _7\"></span>re not limited to, broker quotes, cred<span class=\"_ _7\"></span>it ratings, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd7c\">interest r<span class=\"_ _7\"></span>ates and yi<span class=\"_ _7\"></span>eld cur<span class=\"_ _7\"></span>ve<span class=\"_ _7\"></span>s, prepaym<span class=\"_ _7\"></span>ent spe<span class=\"_ _7\"></span>eds, def<span class=\"_ _7\"></span>ault rates a<span class=\"_ _7\"></span>nd other suc<span class=\"_ _7\"></span>h inpu<span class=\"_ _7\"></span>ts which a<span class=\"_ _7\"></span>re availab<span class=\"_ _7\"></span>le from ma<span class=\"_ _7\"></span>rket sourc<span class=\"_ _7\"></span>es. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd7d\">Investme<span class=\"_ _7\"></span>nts in mutu<span class=\"_ _7\"></span>al fun<span class=\"_ _7\"></span>ds comp<span class=\"_ _7\"></span>rise a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>p<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tfol<span class=\"_ _7\"></span>io of stock investme<span class=\"_ _7\"></span>nts in tradin<span class=\"_ _7\"></span>g entitie<span class=\"_ _7\"></span>s whic<span class=\"_ _7\"></span>h are invested in va<span class=\"_ _7\"></span>rious q<span class=\"_ _7\"></span>uoted </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd7e\">and u<span class=\"_ _7\"></span>nquoted investm<span class=\"_ _7\"></span>ents. The fa<span class=\"_ _7\"></span>ir value of th<span class=\"_ _7\"></span>ese investm<span class=\"_ _7\"></span>ent fu<span class=\"_ _7\"></span>nds is bas<span class=\"_ _7\"></span>ed on the n<span class=\"_ _7\"></span>et asset va<span class=\"_ _7\"></span>lue of the fu<span class=\"_ _7\"></span>nd as rep<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>ted by<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd7f\">inde<span class=\"_ _7\"></span>pen<span class=\"_ _7\"></span>dent pr<span class=\"_ _7\"></span>icing s<span class=\"_ _7\"></span>ource<span class=\"_ _7\"></span>s or the fun<span class=\"_ _7\"></span>d mana<span class=\"_ _7\"></span>ger<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd80\">Incl<span class=\"_ _7\"></span>uded w<span class=\"_ _7\"></span>ithin Level 1 of the fa<span class=\"_ _7\"></span>ir value h<span class=\"_ _7\"></span>iera<span class=\"_ _7\"></span>rchy are ce<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>ain gover<span class=\"_ _7\"></span>nment b<span class=\"_ _7\"></span>onds, trea<span class=\"_ _7\"></span>sur<span class=\"_ _7\"></span>y bill<span class=\"_ _7\"></span>s, corpo<span class=\"_ _7\"></span>rate bonds hav<span class=\"_ _7\"></span>ing a quoted </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd81\">pri<span class=\"_ _7\"></span>ce in acti<span class=\"_ _7\"></span>ve markets, and excha<span class=\"_ _7\"></span>nge-trade<span class=\"_ _7\"></span>d equi<span class=\"_ _7\"></span>ties wh<span class=\"_ _7\"></span>ich are me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d base<span class=\"_ _7\"></span>d on quoted pr<span class=\"_ _7\"></span>ices i<span class=\"_ _7\"></span>n active mar<span class=\"_ _7\"></span>kets.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd82\">The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e of the borrowi<span class=\"_ _7\"></span>ngs ca<span class=\"_ _7\"></span>rrie<span class=\"_ _7\"></span>d at amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed cos<span class=\"_ _7\"></span>t is estimated at $<span class=\"_ _7\"></span>68<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$623.<span class=\"_ _20\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>m<span class=\"_ _7\"></span>illion) and i<span class=\"_ _7\"></span>s consi<span class=\"_ _7\"></span>dered <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd83\">as Level 1 in th<span class=\"_ _7\"></span>e fair val<span class=\"_ _7\"></span>ue hie<span class=\"_ _7\"></span>rarchy<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd85\">Level 2 of the hi<span class=\"_ _7\"></span>erarchy c<span class=\"_ _7\"></span>ontain<span class=\"_ _7\"></span>s cer<span class=\"_ _7\"></span>tai<span class=\"_ _7\"></span>n governm<span class=\"_ _7\"></span>ent bon<span class=\"_ _7\"></span>ds, US govern<span class=\"_ _7\"></span>ment ag<span class=\"_ _7\"></span>encie<span class=\"_ _7\"></span>s, corp<span class=\"_ _7\"></span>orate secu<span class=\"_ _7\"></span>ritie<span class=\"_ _7\"></span>s, asset-backed </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd86\">sec<span class=\"_ _7\"></span>uritie<span class=\"_ _7\"></span>s and m<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tgage-ba<span class=\"_ _7\"></span>cked secu<span class=\"_ _7\"></span>ritie<span class=\"_ _7\"></span>s. The fa<span class=\"_ _7\"></span>ir value of the<span class=\"_ _7\"></span>se as<span class=\"_ _7\"></span>sets is base<span class=\"_ _7\"></span>d on the pr<span class=\"_ _7\"></span>ices o<span class=\"_ _7\"></span>btaine<span class=\"_ _7\"></span>d from ind<span class=\"_ _7\"></span>epe<span class=\"_ _7\"></span>ndent </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd87\">pri<span class=\"_ _7\"></span>cing sou<span class=\"_ _7\"></span>rces, investm<span class=\"_ _7\"></span>ent ma<span class=\"_ _7\"></span>nager<span class=\"_ _7\"></span>s and inve<span class=\"_ _7\"></span>stment cu<span class=\"_ _7\"></span>stodians a<span class=\"_ _7\"></span>s discus<span class=\"_ _7\"></span>sed a<span class=\"_ _7\"></span>bove<span class=\"_ _9\"></span>. T<span class=\"_ _7\"></span>he Group re<span class=\"_ _7\"></span>cords th<span class=\"_ _7\"></span>e unadju<span class=\"_ _7\"></span>sted pric<span class=\"_ _7\"></span>e </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd88\">provid<span class=\"_ _7\"></span>ed and va<span class=\"_ _7\"></span>lidates the pr<span class=\"_ _7\"></span>ice thro<span class=\"_ _7\"></span>ugh a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>num<span class=\"_ _7\"></span>ber of meth<span class=\"_ _7\"></span>ods incl<span class=\"_ _7\"></span>uding a<span class=\"_ gs2e8\"> </span><span class=\"_ _9\"></span>compar<span class=\"_ _7\"></span>ison of the p<span class=\"_ _7\"></span>rice<span class=\"_ _7\"></span>s provide<span class=\"_ _7\"></span>d by the investme<span class=\"_ _7\"></span>nt </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd89\">man<span class=\"_ _7\"></span>ager<span class=\"_ _7\"></span>s with the inves<span class=\"_ _7\"></span>tment cu<span class=\"_ _7\"></span>st<span class=\"_ _9\"></span>od<span class=\"_ _7\"></span>ians a<span class=\"_ _7\"></span>nd the valuati<span class=\"_ _7\"></span>on use<span class=\"_ _7\"></span>d by e<span class=\"_ _9\"></span>x<span class=\"_ _7\"></span>terna<span class=\"_ _7\"></span>l par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o de<span class=\"_ _7\"></span>rive fai<span class=\"_ _7\"></span>r value. Qu<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>ed p<span class=\"_ _7\"></span>rice<span class=\"_ _7\"></span>s for US </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd8a\">govern<span class=\"_ _7\"></span>ment ag<span class=\"_ _7\"></span>enci<span class=\"_ _7\"></span>es and c<span class=\"_ _7\"></span>orpo<span class=\"_ _7\"></span>rate secur<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>re based o<span class=\"_ _7\"></span>n a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>limi<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed n<span class=\"_ _7\"></span>umbe<span class=\"_ _7\"></span>r of transac<span class=\"_ _7\"></span>tions for tho<span class=\"_ _7\"></span>se secu<span class=\"_ _7\"></span>ritie<span class=\"_ _7\"></span>s and as s<span class=\"_ _7\"></span>uch <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd8b\">the Gro<span class=\"_ _7\"></span>up cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>s these in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nts to have simila<span class=\"_ _7\"></span>r charac<span class=\"_ _7\"></span>teristic<span class=\"_ _7\"></span>s to those instr<span class=\"_ _7\"></span>uments c<span class=\"_ _7\"></span>lassi<span class=\"_ _7\"></span>fied as Leve<span class=\"_ _7\"></span>l 2<span class=\"_ _9\"></span>. Als<span class=\"_ _7\"></span>o includ<span class=\"_ _7\"></span>ed </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd8c\">withi<span class=\"_ _7\"></span>n Level 2 are un<span class=\"_ _7\"></span>its held i<span class=\"_ _7\"></span>n colle<span class=\"_ _7\"></span>ctive investm<span class=\"_ _7\"></span>ent vehi<span class=\"_ _7\"></span>cles i<span class=\"_ _7\"></span>nvesting in trad<span class=\"_ _7\"></span>itiona<span class=\"_ _7\"></span>l and al<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rnative inves<span class=\"_ _7\"></span>tment strategi<span class=\"_ _7\"></span>es an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls84 ws96 gsd8d\">ov<span class=\"_ _9\"></span>er<span class=\"_ _9\"></span>-<span class=\"_ _9\"></span>the-coun<span class=\"_ _9\"></span>ter d<span class=\"_ _9\"></span>erivativ<span class=\"_ _9\"></span>es.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd8e\">Level 3 co<span class=\"_ _7\"></span>ntains inve<span class=\"_ _7\"></span>stments in li<span class=\"_ _7\"></span>mited par<span class=\"_ _7\"></span>tn<span class=\"_ _7\"></span>ersh<span class=\"_ _7\"></span>ips, unqu<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>ed e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y sec<span class=\"_ _7\"></span>uritie<span class=\"_ _7\"></span>s and in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce-li<span class=\"_ _7\"></span>nked fun<span class=\"_ _7\"></span>ds whic<span class=\"_ _7\"></span>h have limited </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd8f\">obse<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vable i<span class=\"_ _7\"></span>nputs on w<span class=\"_ _7\"></span>hich to mea<span class=\"_ _7\"></span>sure fai<span class=\"_ _7\"></span>r value. Unqu<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>ed e<span class=\"_ _7\"></span>quiti<span class=\"_ _7\"></span>es, inclu<span class=\"_ _7\"></span>ding e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y instru<span class=\"_ _7\"></span>ments in l<span class=\"_ _7\"></span>imited par<span class=\"_ _7\"></span>tn<span class=\"_ _7\"></span>ersh<span class=\"_ _7\"></span>ips, are </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd90\">car<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>d at fair valu<span class=\"_ _7\"></span>e. Fair value is d<span class=\"_ _7\"></span>etermin<span class=\"_ _7\"></span>ed to be net ass<span class=\"_ _7\"></span>et value for th<span class=\"_ _7\"></span>e limited pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tners<span class=\"_ _7\"></span>hips, and fo<span class=\"_ _7\"></span>r the equ<span class=\"_ _7\"></span>ity h<span class=\"_ _7\"></span>olding<span class=\"_ _7\"></span>s it is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd91\">determ<span class=\"_ _7\"></span>ined to be the l<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>st availab<span class=\"_ _7\"></span>le traded p<span class=\"_ _7\"></span>rice. T<span class=\"_ _7\"></span>he ef<span class=\"_ _7\"></span>fect of ch<span class=\"_ _7\"></span>angin<span class=\"_ _7\"></span>g one or mo<span class=\"_ _7\"></span>re inputs u<span class=\"_ _7\"></span>sed in the m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nt of fair <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd92\">value of th<span class=\"_ _7\"></span>ese instr<span class=\"_ _7\"></span>ume<span class=\"_ _7\"></span>nts t<span class=\"_ _9\"></span>o an<span class=\"_ _7\"></span>other rea<span class=\"_ _7\"></span>sonab<span class=\"_ _7\"></span>ly pos<span class=\"_ _7\"></span>sible a<span class=\"_ _7\"></span>ssum<span class=\"_ _7\"></span>ption would not be s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant. At 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023,<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd93\">the ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e-linke<span class=\"_ _7\"></span>d funds of $<span class=\"_ _7\"></span>35.<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion repre<span class=\"_ _7\"></span>sent th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s i<span class=\"_ _7\"></span>nvestment in th<span class=\"_ _7\"></span>e unco<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated Kisk<span class=\"_ _7\"></span>adee f<span class=\"_ _7\"></span>unds </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd94\">(202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$45.3<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n) as desc<span class=\"_ _7\"></span>ribe<span class=\"_ _7\"></span>d in note 1<span class=\"_ _a\"></span>4<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd95\">The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e of the Kis<span class=\"_ _7\"></span>kadee f<span class=\"_ _7\"></span>unds is e<span class=\"_ _7\"></span>stimated to be the net a<span class=\"_ _7\"></span>sset val<span class=\"_ _7\"></span>ue as at the ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e shee<span class=\"_ _7\"></span>t date<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>e net as<span class=\"_ _7\"></span>set value <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd96\">is bas<span class=\"_ _7\"></span>ed on the fa<span class=\"_ _7\"></span>ir value of the a<span class=\"_ _7\"></span>ssets an<span class=\"_ _7\"></span>d liabi<span class=\"_ _7\"></span>litie<span class=\"_ _7\"></span>s in the fun<span class=\"_ _7\"></span>d. The maj<span class=\"_ _7\"></span>orit<span class=\"_ _7\"></span>y of the as<span class=\"_ _7\"></span>sets of the fun<span class=\"_ _7\"></span>ds are ca<span class=\"_ _7\"></span>sh and c<span class=\"_ _7\"></span>ash </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd97\">equ<span class=\"_ _7\"></span>ivale<span class=\"_ _7\"></span>nts. Signifi<span class=\"_ _7\"></span>cant in<span class=\"_ _7\"></span>puts an<span class=\"_ _7\"></span>d assum<span class=\"_ _7\"></span>ptions in ca<span class=\"_ _7\"></span>lcul<span class=\"_ _7\"></span>ating the fai<span class=\"_ _7\"></span>r value of the as<span class=\"_ _7\"></span>sets and l<span class=\"_ _7\"></span>iabil<span class=\"_ _7\"></span>ities as<span class=\"_ _7\"></span>soci<span class=\"_ _7\"></span>ated with rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd98\">contra<span class=\"_ _7\"></span>cts wri<span class=\"_ _7\"></span>tten by the K<span class=\"_ _7\"></span>iskade<span class=\"_ _7\"></span>e fun<span class=\"_ _7\"></span>ds inclu<span class=\"_ _7\"></span>de the am<span class=\"_ _7\"></span>ount an<span class=\"_ _7\"></span>d timing of cla<span class=\"_ _7\"></span>ims payabl<span class=\"_ _7\"></span>e in resp<span class=\"_ _7\"></span>ect of cl<span class=\"_ _7\"></span>aims inc<span class=\"_ _7\"></span>urred a<span class=\"_ _7\"></span>nd pe<span class=\"_ _7\"></span>riods </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 wsa3 gsd99\">of unexp<span class=\"_ _7\"></span>ired ris<span class=\"_ _7\"></span>k. The G<span class=\"_ _7\"></span>roup has c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s in the net a<span class=\"_ _7\"></span>sset valu<span class=\"_ _7\"></span>ation of the Ki<span class=\"_ _7\"></span>skade<span class=\"_ _7\"></span>e fund<span class=\"_ _7\"></span>s if reas<span class=\"_ _7\"></span>onab<span class=\"_ _7\"></span>ly dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nt inpu<span class=\"_ _7\"></span>ts<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd9a\">and a<span class=\"_ _7\"></span>ssumptio<span class=\"_ _7\"></span>ns were use<span class=\"_ _7\"></span>d and ha<span class=\"_ _7\"></span>s found that a<span class=\"_ _7\"></span>n 1<span class=\"_ _20\"></span>1<span class=\"_ _a\"></span>% ch<span class=\"_ _7\"></span>ange to the fa<span class=\"_ _7\"></span>ir value of the li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties woul<span class=\"_ _7\"></span>d incre<span class=\"_ _7\"></span>ase or de<span class=\"_ _7\"></span>crea<span class=\"_ _7\"></span>se the fair </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd9b\">value of f<span class=\"_ _7\"></span>unds by $3.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd9c\">In ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain ca<span class=\"_ _7\"></span>ses, the in<span class=\"_ _7\"></span>puts use<span class=\"_ _7\"></span>d to measure th<span class=\"_ _7\"></span>e fair valu<span class=\"_ _7\"></span>e of a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>finan<span class=\"_ _7\"></span>cial in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nt may fall i<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>o more th<span class=\"_ _7\"></span>an one l<span class=\"_ _7\"></span>evel withi<span class=\"_ _7\"></span>n the fair </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd9d\">value h<span class=\"_ _7\"></span>iera<span class=\"_ _7\"></span>rchy<span class=\"_ _a\"></span>. In th<span class=\"_ _7\"></span>is insta<span class=\"_ _7\"></span>nce, the fair va<span class=\"_ _7\"></span>lue of the ins<span class=\"_ _7\"></span>trume<span class=\"_ _7\"></span>nt in its entiret<span class=\"_ _7\"></span>y is cl<span class=\"_ _7\"></span>assi<span class=\"_ _7\"></span>fied bas<span class=\"_ _7\"></span>ed on the l<span class=\"_ _7\"></span>owest level of inp<span class=\"_ _7\"></span>ut that is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd9e\">sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt to t<span class=\"_ _9\"></span>he f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsd9f\">The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s po<span class=\"_ _7\"></span>licy is to reco<span class=\"_ _7\"></span>gnise tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>s into and transfe<span class=\"_ _7\"></span>rs ou<span class=\"_ _7\"></span>t of fair value h<span class=\"_ _7\"></span>iera<span class=\"_ _7\"></span>rchy levels at the e<span class=\"_ _7\"></span>nd of the rel<span class=\"_ _7\"></span>evant repor<span class=\"_ _7\"></span>tin<span class=\"_ _7\"></span>g </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsda0\">per<span class=\"_ _7\"></span>iod du<span class=\"_ _7\"></span>ring wh<span class=\"_ _7\"></span>ich the tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>s are dee<span class=\"_ _7\"></span>med to have occu<span class=\"_ _7\"></span>rred. Du<span class=\"_ _7\"></span>ring the ye<span class=\"_ _7\"></span>ar<span class=\"_ _a\"></span>, inves<span class=\"_ _7\"></span>tments of $26.<span class=\"_ _9\"></span>0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion (2022<span class=\"_ _9\"></span>: $2<span class=\"_ _9\"></span>5.9 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>) </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsda1\">were tran<span class=\"_ _7\"></span>sferre<span class=\"_ _7\"></span>d from Level 2 to Level 3 du<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o ins<span class=\"_ _7\"></span>uf<span class=\"_ _7\"></span>ficie<span class=\"_ _7\"></span>nt obse<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vable dat<span class=\"_ _7\"></span>a being avai<span class=\"_ _7\"></span>labl<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, as a re<span class=\"_ _7\"></span>sult of re<span class=\"_ _7\"></span>duce<span class=\"_ _7\"></span>d trading volu<span class=\"_ _7\"></span>mes.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsda2\">The below table<span class=\"_ _9\"></span> sets f<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>th a<span class=\"_ _9\"></span><span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>reconciliation<span class=\"_ _9\"></span> of opening and<span class=\"_ _9\"></span> closing balances for<span class=\"_ _9\"></span> financial instruments<span class=\"_ _9\"></span> classified under Lev<span class=\"_ _9\"></span>el 3 <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsda3\">of the fair va<span class=\"_ _7\"></span>lue hie<span class=\"_ _7\"></span>rarchy:<span class=\"_ _304\"> </span></div><div class=\"gsda4\"><table class=\"s w48f hca\" id=\"_cf2ba84c-6849-4e01-9cd5-a487df4ec3d3\"><tr><td></td><td class=\"t m0 x8c8 h43 y20ad ff64 fs28 fc2 sc0 ls145 ws1dc\">31<span class=\"_ _9\"></span> December<span class=\"_ _304\"> </span></td><td class=\"t m0 x823 h44 y20ad ff5f fs28 fc2 sc0 lsa0 ws1e0\">3<span class=\"_ _9\"></span>1 December<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x26c h43 y20ae ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y20ae ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y20af ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y20af ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y20b0 w490 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Bala<span class=\"_ _7\"></span>nce at 1 Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c9 y20b0 w41 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ca y20b0 w491 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20b1 w492 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Fair valu<span class=\"_ _7\"></span>e losse<span class=\"_ _7\"></span>s throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cb y20b1 w493 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>5<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cc y20b1 w494 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(0<span class=\"_ _7\"></span>.4)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2054 w495 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange gains/<span class=\"_ _9\"></span>(losses)<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cd y2054 w2e7 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ce y2054 w496 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4.4)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa8 w497 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws120\">Set<span class=\"_ _7\"></span>tlem<span class=\"_ _7\"></span>ents<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cf y1fa8 w498 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d0 y1fa8 w499 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>7.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20b2 w49a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws98\">T<span class=\"_ _a\"></span>ransfers<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d1 y20b2 w188 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">26.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d2 y20b2 w49b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">25.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f09 w49c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls7c ws89\">Closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d3 y1f09 w426 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d4 y1f09 w49d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">13<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w49e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Net un<span class=\"_ _7\"></span>realis<span class=\"_ _7\"></span>ed gain<span class=\"_ _7\"></span>s in the per<span class=\"_ _7\"></span>iod on s<span class=\"_ _7\"></span>ecur<span class=\"_ _7\"></span>ities he<span class=\"_ _7\"></span>ld at the end of th<span class=\"_ _7\"></span>e peri<span class=\"_ _7\"></span>od<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d5 y1e80 w43b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d6 y1e80 w39 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">0.6<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsda5\">The c<span class=\"_ _7\"></span>losin<span class=\"_ _7\"></span>g bala<span class=\"_ _7\"></span>nce at year e<span class=\"_ _7\"></span>nd com<span class=\"_ _7\"></span>pris<span class=\"_ _7\"></span>ed $64.9 millio<span class=\"_ _7\"></span>n debt an<span class=\"_ _7\"></span>d fixed inco<span class=\"_ _7\"></span>me hold<span class=\"_ _7\"></span>ings (2022<span class=\"_ _9\"></span>: $67<span class=\"_ _e\"></span>.<span class=\"_ _a\"></span>1 mill<span class=\"_ _7\"></span>ion)<span class=\"_ _9\"></span>, $30.0 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsda6\">equ<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>nd investme<span class=\"_ _7\"></span>nt fund<span class=\"_ _7\"></span>s (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: $27<span class=\"_ _e\"></span>.3 m<span class=\"_ _7\"></span>illion) and $<span class=\"_ _7\"></span>35.<span class=\"_ _9\"></span>4 mill<span class=\"_ _7\"></span>ion insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e-linked f<span class=\"_ _7\"></span>unds (2022<span class=\"_ _9\"></span>: $45.3 mill<span class=\"_ _7\"></span>ion)<span class=\"_ _9\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-496": {
   "value": "1<span class=\"_ _a\"></span>4 Financial assets and liabilities<span class=\"_ _304\"> </span>Fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets d<span class=\"_ _7\"></span>esig<span class=\"_ _7\"></span>nated at fair val<span class=\"_ _7\"></span>ue throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s are me<span class=\"_ _7\"></span>asured at f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>es, with al<span class=\"_ _7\"></span>l chan<span class=\"_ _7\"></span>ges fro<span class=\"_ _7\"></span>m one acc<span class=\"_ _7\"></span>ounting per<span class=\"_ _7\"></span>iod to the nex<span class=\"_ _7\"></span>t bein<span class=\"_ _7\"></span>g record<span class=\"_ _7\"></span>ed throug<span class=\"_ _7\"></span>h the inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span>Note<span class=\"_ _304\"> </span><table class=\"s w445 hc0\" id=\"_4393bbc0-2bbe-4640-af0c-5044372a85d7\"><tr><td></td><td></td><td class=\"t m0 x1fb h43 y2079 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2079 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x201 h43 y207a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y207a ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ff7 w1c6 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x841 y1ff7 w1cc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x842 y1ff7 wa7 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y207b w446 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Equi<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s an<span class=\"_ _7\"></span>d inves<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt fu<span class=\"_ _7\"></span>nds<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x843 y207b w226 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">205.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x844 y207b w14e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y207c w447 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">T<span class=\"_ _a\"></span>ota<span class=\"_ _7\"></span>l inve<span class=\"_ _7\"></span>stme<span class=\"_ _7\"></span>nts<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x845 y207c w448 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">6,<span class=\"_ _7\"></span>53<span class=\"_ _7\"></span>9.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x846 y207c w449 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _7\"></span>,76<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y207d ff5f fs7 fc2 sc0 ls3c ws45\">Insurance-linked funds<span class=\"_ _304\"> </span></td><td class=\"c n x31b y1f87 w44a h91\"><div class=\"t m0 x1b6 he y1e4c ff5f fs28 fc2 sc0 ls14a ws1f3\">17<span class=\"_ _304\"> </span></div></td><td class=\"c n x847 y1f86 wa4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">35<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x848 y1f86 w44b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">4<span class=\"_ _7\"></span>5.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y207e ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></td><td class=\"c n x31b y1f89 w3a8 h91\"><div class=\"t m0 x1b6 he y1e4c ff5f fs28 fc2 sc0 ls149 ws1f2\">16<span class=\"_ _304\"> </span></div></td><td class=\"c n x849 y1ed8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x84a y1ed8 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w44c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al financ<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>sets ca<span class=\"_ _7\"></span>rri<span class=\"_ _7\"></span>ed at fair va<span class=\"_ _7\"></span>lue<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x84b y1e80 w44d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,57<span class=\"_ _a\"></span>4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x84c y1e80 w44e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr></table>The e<span class=\"_ _7\"></span>ffe<span class=\"_ _7\"></span>ctive matur<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y of the debt an<span class=\"_ _7\"></span>d fixed inc<span class=\"_ _7\"></span>ome hol<span class=\"_ _7\"></span>dings du<span class=\"_ _7\"></span>e within a<span class=\"_ _7\"></span>nd af<span class=\"_ _7\"></span>ter one ye<span class=\"_ _7\"></span>ar are as fol<span class=\"_ _7\"></span>lows:<span class=\"_ _304\"> </span><table class=\"s w44f hc1\" id=\"_a9aea2eb-f66e-4827-bfc8-9288d74d0213\"><tr><td></td><td class=\"t m0 x1fb h43 y207f ff64 fs28 fc2 sc0 ls9f wsb8\">2023</td><td class=\"t m0 x84d h44 y207f ff5f fs28 fc2 sc0 lsa1 ws12c\"> 2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2080 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y2080 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2081 w450 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Within one<span class=\"_ _9\"></span> year<span class=\"_ _304\"> </span></div></td><td class=\"c n x84e y2081 w1cf h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x84f y2081 w1f7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w451 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x850 y1ed8 w452 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _2c\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x851 y1ed8 w453 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>7<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x852 y1e80 w1cc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x853 y1e80 wa7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr></table>Equiti<span class=\"_ _7\"></span>es, investme<span class=\"_ _7\"></span>nt fund<span class=\"_ _7\"></span>s and ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e-lin<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span>ed s<span class=\"_ _7\"></span>ecur<span class=\"_ _7\"></span>ities d<span class=\"_ _7\"></span>o not have any matur<span class=\"_ _7\"></span>ity d<span class=\"_ _7\"></span>ates. The ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive maturi<span class=\"_ _7\"></span>ty of al<span class=\"_ _7\"></span>l other fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets is du<span class=\"_ _7\"></span>e withi<span class=\"_ _7\"></span>n one year<span class=\"_ _9\"></span>. An a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>is of the cred<span class=\"_ _7\"></span>it risk a<span class=\"_ _7\"></span>nd contra<span class=\"_ _7\"></span>ctual m<span class=\"_ _7\"></span>aturit<span class=\"_ _7\"></span>y profile<span class=\"_ _7\"></span>s of the Group\u2019<span class=\"_ _a\"></span>s fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial instr<span class=\"_ _7\"></span>ume<span class=\"_ _7\"></span>nts is given in n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>3.3(<span class=\"_ _9\"></span>d) an<span class=\"_ _7\"></span>d 3.3(<span class=\"_ _9\"></span>e)<span class=\"_ _9\"></span>. Financial liabilit<span class=\"_ _9\"></span>ies of the<span class=\"_ _9\"></span> Group are<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>Note<span class=\"_ _304\"> </span><table class=\"s w445 hc2\" id=\"_bcf72cad-b883-472c-b6ab-daa3693171cf\"><tr><td></td><td></td><td class=\"t m0 x1fb h43 y2082 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2082 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x201 h43 y2083 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y2083 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed8 w454 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></div></td><td class=\"c n x854 y1f89 w3a8 h94\"><div class=\"t m0 x1b6 he y1e7b ff5f fs28 fc2 sc0 ls149 ws1f2\">16<span class=\"_ _304\"> </span></div></td><td class=\"c n x855 y1ed8 w436 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x856 y1ed8 w177 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w455 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Finan<span class=\"_ _7\"></span>cial liab<span class=\"_ _7\"></span>ilities c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at fai<span class=\"_ _7\"></span>r value<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x81f y1e80 w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x857 y1e80 w456 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table><table class=\"s w445 hc3\" id=\"_9c8e7f80-6dfb-4382-a09a-8c5f726aec17\"><tr><td></td><td class=\"t m0 x1fb h43 y2084 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2084 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2085 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y2085 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed4 w457 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Borrowings<span class=\"_ _304\"> </span></div></td><td class=\"c n x858 y1ed4 w458 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x78f y1ed4 w384 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsde ws144\">6<span class=\"_ _7\"></span>28.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2086 w459 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accr<span class=\"_ _7\"></span>ued intere<span class=\"_ _7\"></span>st on bo<span class=\"_ _7\"></span>rrowings<span class=\"_ _304\"> </span></div></td><td class=\"c n x859 y2086 w109 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x85a y2086 w45a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w45b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Finan<span class=\"_ _7\"></span>cial liab<span class=\"_ _7\"></span>ilities c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x85b y1ed8 w45c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">67<span class=\"_ _a\"></span>4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x85c y1ed8 w45d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">6<span class=\"_ _7\"></span>35.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w45e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsa3\">T<span class=\"_ _a\"></span>ota<span class=\"_ _7\"></span>l financia<span class=\"_ _7\"></span>l liabilitie<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x85d y1e80 wa8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls140 ws226\">6<span class=\"_ _8\"></span>74<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x85e y1e80 w20f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">6<span class=\"_ _7\"></span>36.2<span class=\"_ _304\"> </span></div></td></tr></table>All of the fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es car<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>d at fair val<span class=\"_ _7\"></span>ue are due w<span class=\"_ _7\"></span>ithin on<span class=\"_ _7\"></span>e year a<span class=\"_ _7\"></span>nd all the bo<span class=\"_ _7\"></span>rrowing<span class=\"_ _7\"></span>s are due af<span class=\"_ _7\"></span>ter on<span class=\"_ _7\"></span>e year<span class=\"_ _9\"></span>. Accrue<span class=\"_ _7\"></span>d interest o<span class=\"_ _7\"></span>n long-term d<span class=\"_ _7\"></span>ebt is due w<span class=\"_ _7\"></span>ithin on<span class=\"_ _7\"></span>e year<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>On 2<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novem<span class=\"_ _7\"></span>ber<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>201<span class=\"_ _a\"></span>5, the Grou<span class=\"_ _7\"></span>p issue<span class=\"_ _7\"></span>d \u00a327<span class=\"_ _9\"></span>5.<span class=\"_ _9\"></span>0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion 6.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>25<span class=\"_ _a\"></span>% fi<span class=\"_ _7\"></span>xed-t<span class=\"_ _9\"></span>o-floating r<span class=\"_ _7\"></span>ate callab<span class=\"_ _7\"></span>le subo<span class=\"_ _7\"></span>rdinated notes du<span class=\"_ _7\"></span>e 2045,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>with a fir<span class=\"_ _7\"></span>st cal<span class=\"_ _7\"></span>l date of 2<span class=\"_ _9\"></span>025<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es b<span class=\"_ _7\"></span>ear i<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rest from, an<span class=\"_ _7\"></span>d inclu<span class=\"_ _7\"></span>ding, 2<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novemb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>5 at a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>fixed rate of 6.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>% per a<span class=\"_ _7\"></span>nnum a<span class=\"_ _7\"></span>nnual<span class=\"_ _7\"></span>ly in ar<span class=\"_ _7\"></span>rear<span class=\"_ _7\"></span>s star<span class=\"_ _7\"></span>ting <span class=\"ls8 ws4\"> </span>2<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novemb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>6 up until the fi<span class=\"_ _7\"></span>rst ca<span class=\"_ _7\"></span>ll date in Novembe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>5 an<span class=\"_ _7\"></span>d thereaf<span class=\"_ _7\"></span>ter at a fl<span class=\"_ _7\"></span>oating rate of interest e<span class=\"_ _7\"></span>qual to the sum of com<span class=\"_ _7\"></span>pound<span class=\"_ _7\"></span>ed dai<span class=\"_ _7\"></span>ly Sterli<span class=\"_ _7\"></span>ng Over<span class=\"_ _7\"></span>night In<span class=\"_ _7\"></span>dex Av<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>age (SONIA), the referen<span class=\"_ _7\"></span>ce rate adjustm<span class=\"_ _7\"></span>ent of 0.<span class=\"_ _20\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>9<span class=\"_ _7\"></span>3<span class=\"_ _9\"></span>% and a m<span class=\"_ _7\"></span>argin of 5.0<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>6%<span class=\"_ _9\"></span> payable q<span class=\"_ _7\"></span>uar<span class=\"_ _7\"></span>terl<span class=\"_ _7\"></span>y in arre<span class=\"_ _7\"></span>ars o<span class=\"_ _7\"></span>n each flo<span class=\"_ _7\"></span>ating interes<span class=\"_ _7\"></span>t payment d<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>On 25<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novemb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>, the notes we<span class=\"_ _7\"></span>re admit<span class=\"_ _7\"></span>ted for tradin<span class=\"_ _7\"></span>g on the Lond<span class=\"_ _7\"></span>on Stock E<span class=\"_ _7\"></span>xchang<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s regul<span class=\"_ _7\"></span>ated market. The n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es we<span class=\"_ _7\"></span>re <span class=\"ls8 ws4\"> </span>rated BBB<span class=\"_ _7\"></span>- by S&amp;P as well a<span class=\"_ _7\"></span>s by Fitch.<span class=\"_ _304\"> </span>On 22<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Se<span class=\"_ _7\"></span>ptember<span class=\"_ gs2e8\"> </span><span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>022, t<span class=\"_ _9\"></span>he G<span class=\"_ _7\"></span>roup is<span class=\"_ _7\"></span>sued \u00a3<span class=\"_ _7\"></span>2<span class=\"_ _9\"></span>50.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n 6<span class=\"_ _9\"></span>% notes du<span class=\"_ _7\"></span>e Septembe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>. T<span class=\"_ _7\"></span>he notes will b<span class=\"_ _7\"></span>e rede<span class=\"_ _7\"></span>emed o<span class=\"_ _7\"></span>n the matur<span class=\"_ _7\"></span>ity d<span class=\"_ _7\"></span>ate at their pri<span class=\"_ _7\"></span>ncipa<span class=\"_ _7\"></span>l amount tog<span class=\"_ _7\"></span>ether wi<span class=\"_ _7\"></span>th accru<span class=\"_ _7\"></span>ed intere<span class=\"_ _7\"></span>st.<span class=\"_ _304\"> </span>The n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es b<span class=\"_ _7\"></span>ear i<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rest from, an<span class=\"_ _7\"></span>d inclu<span class=\"_ _7\"></span>ding, 22 Septemb<span class=\"_ _7\"></span>er 2022 at a fixed rate of 6<span class=\"_ _9\"></span>% pe<span class=\"_ _7\"></span>r annu<span class=\"_ _7\"></span>m annua<span class=\"_ _7\"></span>lly in a<span class=\"_ _7\"></span>rrea<span class=\"_ _7\"></span>rs star<span class=\"_ _7\"></span>tin<span class=\"_ _7\"></span>g 22<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Septemb<span class=\"_ _7\"></span>er 2022 until matur<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y on 22 Septemb<span class=\"_ _7\"></span>er 202<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>. On 22 Se<span class=\"_ _7\"></span>pt<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ber 2022<span class=\"_ _9\"></span>, the n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es we<span class=\"_ _7\"></span>re admit<span class=\"_ _7\"></span>ted for tradin<span class=\"_ _7\"></span>g on the Luxem<span class=\"_ _7\"></span>bourg S<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>oc<span class=\"_ _7\"></span>k Excha<span class=\"_ _7\"></span>nge\u2019<span class=\"_ _a\"></span>s Eu<span class=\"_ _7\"></span>ro MTF<span class=\"_ _a\"></span>. The notes <span class=\"ls8 ws4\"> </span>were rated BB<span class=\"_ _7\"></span>B+ by S&amp;P as well a<span class=\"_ _7\"></span>s by Fitch.<span class=\"_ _304\"> </span>The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e of the borrowi<span class=\"_ _7\"></span>ngs is e<span class=\"_ _7\"></span>stimated at $681<span class=\"_ _a\"></span>.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$<span class=\"_ _7\"></span>62<span class=\"_ _9\"></span>3.<span class=\"_ _a\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n)<span class=\"_ _9\"></span>. The fai<span class=\"_ _7\"></span>r value me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>ment is <span class=\"ls8 ws4\"> </span>cla<span class=\"_ _7\"></span>ssifie<span class=\"_ _7\"></span>d withi<span class=\"_ _7\"></span>n Level 1 of the fair va<span class=\"_ _7\"></span>lue hie<span class=\"_ _7\"></span>rarchy<span class=\"_ _9\"></span>. The fa<span class=\"_ _7\"></span>ir value i<span class=\"_ _7\"></span>s estimated by refere<span class=\"_ _7\"></span>nce to the acti<span class=\"_ _7\"></span>vely trade<span class=\"_ _7\"></span>d value <span class=\"ls8 ws4\"> </span>on the<span class=\"_ _9\"></span> stock<span class=\"_ _9\"></span> ex<span class=\"_ _9\"></span>changes.<span class=\"_ _9\"></span> The i<span class=\"_ _7\"></span>ncrea<span class=\"_ _7\"></span>se in the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng value of the b<span class=\"_ _7\"></span>orrowin<span class=\"_ _7\"></span>gs and ac<span class=\"_ _7\"></span>crue<span class=\"_ _7\"></span>d interest d<span class=\"_ _7\"></span>uring th<span class=\"_ _7\"></span>e year co<span class=\"_ _7\"></span>mpris<span class=\"_ _7\"></span>es a drawdown of n<span class=\"_ _7\"></span>ew<span class=\"_ _9\"></span> bor<span class=\"_ _7\"></span>rowings of $n<span class=\"_ _7\"></span>il (2<span class=\"_ _9\"></span>022: $2<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>9.<span class=\"_ _20\"></span>1 mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>, repaym<span class=\"_ _7\"></span>ent of sho<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>m borrowin<span class=\"_ _7\"></span>gs of $nil (2022<span class=\"_ _9\"></span>: repay<span class=\"_ _7\"></span>ment of $33<span class=\"_ _7\"></span>6.<span class=\"_ _9\"></span>6 mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>, the amo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>sation of the di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>e bet<span class=\"_ _7\"></span>ween the n<span class=\"_ _7\"></span>et proce<span class=\"_ _7\"></span>eds rec<span class=\"_ _7\"></span>eived a<span class=\"_ _7\"></span>nd the red<span class=\"_ _7\"></span>emption a<span class=\"_ _7\"></span>mounts of $<span class=\"_ _7\"></span>0<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>7 mill<span class=\"_ _7\"></span>ion (2022<span class=\"_ _9\"></span>: $0.9 million)<span class=\"_ _9\"></span>, the de<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e in accr<span class=\"_ _7\"></span>ued in<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ere<span class=\"_ _7\"></span>st of $0.<span class=\"_ _20\"></span>1 m<span class=\"_ _7\"></span>illion (2022<span class=\"_ _9\"></span>: inc<span class=\"_ _7\"></span>rease of $6.5 mi<span class=\"_ _7\"></span>llion) plus excha<span class=\"_ _7\"></span>nge movem<span class=\"_ _7\"></span>ents of $37<span class=\"_ _e\"></span>.9 mil<span class=\"_ _7\"></span>lion <span class=\"ls8 ws4\"> </span>(202<span class=\"_ _9\"></span>2: less excha<span class=\"_ _7\"></span>nge moveme<span class=\"_ _7\"></span>nts of $60.5 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Note<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>9 inclu<span class=\"_ _7\"></span>des de<span class=\"_ _7\"></span>tails of the intere<span class=\"_ _7\"></span>st expe<span class=\"_ _7\"></span>nse for the ye<span class=\"_ _7\"></span>ar incl<span class=\"_ _7\"></span>uded in fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>e costs.<span class=\"_ _304\"> </span>Investme<span class=\"_ _7\"></span>nts at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er are de<span class=\"_ _7\"></span>nomi<span class=\"_ _7\"></span>nated in the foll<span class=\"_ _7\"></span>owing cur<span class=\"_ _7\"></span>renci<span class=\"_ _7\"></span>es at the<span class=\"_ _7\"></span>ir fair val<span class=\"_ _7\"></span>ue<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span><table class=\"s w45f hc4\" id=\"_878bd962-25af-4943-93d3-201e09de0369\"><tr><td></td><td class=\"t m0 x26c h43 y2087 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y2087 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y2088 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x6ff h44 y2088 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y2089 ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y208a w460 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3e ws47\">US Dollars<span class=\"_ _304\"> </span></div></td><td class=\"c n x85f y208a w461 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">4,<span class=\"_ _7\"></span>572.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x860 y208a w462 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls77 wsf1\">3,9<span class=\"_ _7\"></span>32<span class=\"_ _9\"></span>.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x861 y208b w200 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws247\">Ste<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>li<span class=\"_ _7\"></span>ng<span class=\"_ _304\"> </span></div></td><td class=\"c n x862 y208b w463 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">96<span class=\"_ _7\"></span>0.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x863 y208b w29b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">8<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y208c w464 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Euro<span class=\"_ _9\"></span> and other curr<span class=\"_ _9\"></span>encies<span class=\"_ _304\"> </span></div></td><td class=\"c n x864 y208c w219 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">8<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x863 y208c w465 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">6<span class=\"_ _7\"></span>72.7<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x865 y1fca w1cc h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x866 y1fca wa7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y208d ff5f fs7 fc2 sc0 ls85 ws84\">Equi<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s an<span class=\"_ _7\"></span>d inves<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt fu<span class=\"_ _7\"></span>nds<span class=\"ls8 ws4\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y1ed2 w460 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3e ws47\">US Dollars<span class=\"_ _304\"> </span></div></td><td class=\"c n x867 y1ed2 wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">8<span class=\"_ _7\"></span>4.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x1e9 y1ed2 w466 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">18<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x861 y1ed4 w200 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws247\">Ste<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>li<span class=\"_ _7\"></span>ng<span class=\"_ _304\"> </span></div></td><td class=\"c n x868 y1ed4 wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">84.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x869 y1ed4 w467 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">11<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y1ed7 w464 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Euro<span class=\"_ _9\"></span> and other curr<span class=\"_ _9\"></span>encies<span class=\"_ _304\"> </span></div></td><td class=\"c n x86a y1ed7 w5d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">36.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x86b y1ed7 w24b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">33.9<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x86c y1ed8 w226 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">205.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x86d y1ed8 w14e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w468 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsa3\">T<span class=\"_ _a\"></span>ota<span class=\"_ _7\"></span>l inv<span class=\"_ _9\"></span>es<span class=\"_ _7\"></span>tments<span class=\"_ _304\"> </span></div></td><td class=\"c n x86e y1e80 w448 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">6,<span class=\"_ _7\"></span>53<span class=\"_ _7\"></span>9.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x86f y1e80 w449 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _7\"></span>,76<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-488": {
   "value": "1<span class=\"_ _a\"></span>4 Financial assets and liabilities<span class=\"_ _304\"> </span>Fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets d<span class=\"_ _7\"></span>esig<span class=\"_ _7\"></span>nated at fair val<span class=\"_ _7\"></span>ue throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s are me<span class=\"_ _7\"></span>asured at f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>es, with al<span class=\"_ _7\"></span>l chan<span class=\"_ _7\"></span>ges fro<span class=\"_ _7\"></span>m one acc<span class=\"_ _7\"></span>ounting per<span class=\"_ _7\"></span>iod to the nex<span class=\"_ _7\"></span>t bein<span class=\"_ _7\"></span>g record<span class=\"_ _7\"></span>ed throug<span class=\"_ _7\"></span>h the inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span>Note<span class=\"_ _304\"> </span><table class=\"s w445 hc0\" id=\"_4393bbc0-2bbe-4640-af0c-5044372a85d7\"><tr><td></td><td></td><td class=\"t m0 x1fb h43 y2079 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2079 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x201 h43 y207a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y207a ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ff7 w1c6 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x841 y1ff7 w1cc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x842 y1ff7 wa7 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y207b w446 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Equi<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s an<span class=\"_ _7\"></span>d inves<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt fu<span class=\"_ _7\"></span>nds<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x843 y207b w226 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">205.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x844 y207b w14e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y207c w447 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">T<span class=\"_ _a\"></span>ota<span class=\"_ _7\"></span>l inve<span class=\"_ _7\"></span>stme<span class=\"_ _7\"></span>nts<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x845 y207c w448 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">6,<span class=\"_ _7\"></span>53<span class=\"_ _7\"></span>9.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x846 y207c w449 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _7\"></span>,76<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y207d ff5f fs7 fc2 sc0 ls3c ws45\">Insurance-linked funds<span class=\"_ _304\"> </span></td><td class=\"c n x31b y1f87 w44a h91\"><div class=\"t m0 x1b6 he y1e4c ff5f fs28 fc2 sc0 ls14a ws1f3\">17<span class=\"_ _304\"> </span></div></td><td class=\"c n x847 y1f86 wa4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">35<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x848 y1f86 w44b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">4<span class=\"_ _7\"></span>5.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y207e ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></td><td class=\"c n x31b y1f89 w3a8 h91\"><div class=\"t m0 x1b6 he y1e4c ff5f fs28 fc2 sc0 ls149 ws1f2\">16<span class=\"_ _304\"> </span></div></td><td class=\"c n x849 y1ed8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x84a y1ed8 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w44c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al financ<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>sets ca<span class=\"_ _7\"></span>rri<span class=\"_ _7\"></span>ed at fair va<span class=\"_ _7\"></span>lue<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x84b y1e80 w44d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,57<span class=\"_ _a\"></span>4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x84c y1e80 w44e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr></table>The e<span class=\"_ _7\"></span>ffe<span class=\"_ _7\"></span>ctive matur<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y of the debt an<span class=\"_ _7\"></span>d fixed inc<span class=\"_ _7\"></span>ome hol<span class=\"_ _7\"></span>dings du<span class=\"_ _7\"></span>e within a<span class=\"_ _7\"></span>nd af<span class=\"_ _7\"></span>ter one ye<span class=\"_ _7\"></span>ar are as fol<span class=\"_ _7\"></span>lows:<span class=\"_ _304\"> </span><table class=\"s w44f hc1\" id=\"_a9aea2eb-f66e-4827-bfc8-9288d74d0213\"><tr><td></td><td class=\"t m0 x1fb h43 y207f ff64 fs28 fc2 sc0 ls9f wsb8\">2023</td><td class=\"t m0 x84d h44 y207f ff5f fs28 fc2 sc0 lsa1 ws12c\"> 2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2080 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y2080 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2081 w450 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Within one<span class=\"_ _9\"></span> year<span class=\"_ _304\"> </span></div></td><td class=\"c n x84e y2081 w1cf h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x84f y2081 w1f7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w451 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x850 y1ed8 w452 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _2c\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x851 y1ed8 w453 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>7<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x852 y1e80 w1cc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x853 y1e80 wa7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr></table>Equiti<span class=\"_ _7\"></span>es, investme<span class=\"_ _7\"></span>nt fund<span class=\"_ _7\"></span>s and ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e-lin<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span>ed s<span class=\"_ _7\"></span>ecur<span class=\"_ _7\"></span>ities d<span class=\"_ _7\"></span>o not have any matur<span class=\"_ _7\"></span>ity d<span class=\"_ _7\"></span>ates. The ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive maturi<span class=\"_ _7\"></span>ty of al<span class=\"_ _7\"></span>l other fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets is du<span class=\"_ _7\"></span>e withi<span class=\"_ _7\"></span>n one year<span class=\"_ _9\"></span>. An a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>is of the cred<span class=\"_ _7\"></span>it risk a<span class=\"_ _7\"></span>nd contra<span class=\"_ _7\"></span>ctual m<span class=\"_ _7\"></span>aturit<span class=\"_ _7\"></span>y profile<span class=\"_ _7\"></span>s of the Group\u2019<span class=\"_ _a\"></span>s fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial instr<span class=\"_ _7\"></span>ume<span class=\"_ _7\"></span>nts is given in n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>3.3(<span class=\"_ _9\"></span>d) an<span class=\"_ _7\"></span>d 3.3(<span class=\"_ _9\"></span>e)<span class=\"_ _9\"></span>. Financial liabilit<span class=\"_ _9\"></span>ies of the<span class=\"_ _9\"></span> Group are<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>Note<span class=\"_ _304\"> </span><table class=\"s w445 hc2\" id=\"_bcf72cad-b883-472c-b6ab-daa3693171cf\"><tr><td></td><td></td><td class=\"t m0 x1fb h43 y2082 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2082 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x201 h43 y2083 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y2083 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed8 w454 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></div></td><td class=\"c n x854 y1f89 w3a8 h94\"><div class=\"t m0 x1b6 he y1e7b ff5f fs28 fc2 sc0 ls149 ws1f2\">16<span class=\"_ _304\"> </span></div></td><td class=\"c n x855 y1ed8 w436 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x856 y1ed8 w177 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w455 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Finan<span class=\"_ _7\"></span>cial liab<span class=\"_ _7\"></span>ilities c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at fai<span class=\"_ _7\"></span>r value<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x81f y1e80 w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x857 y1e80 w456 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table><table class=\"s w445 hc3\" id=\"_9c8e7f80-6dfb-4382-a09a-8c5f726aec17\"><tr><td></td><td class=\"t m0 x1fb h43 y2084 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2084 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2085 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y2085 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed4 w457 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Borrowings<span class=\"_ _304\"> </span></div></td><td class=\"c n x858 y1ed4 w458 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x78f y1ed4 w384 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsde ws144\">6<span class=\"_ _7\"></span>28.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2086 w459 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accr<span class=\"_ _7\"></span>ued intere<span class=\"_ _7\"></span>st on bo<span class=\"_ _7\"></span>rrowings<span class=\"_ _304\"> </span></div></td><td class=\"c n x859 y2086 w109 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x85a y2086 w45a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w45b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Finan<span class=\"_ _7\"></span>cial liab<span class=\"_ _7\"></span>ilities c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x85b y1ed8 w45c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">67<span class=\"_ _a\"></span>4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x85c y1ed8 w45d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">6<span class=\"_ _7\"></span>35.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w45e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsa3\">T<span class=\"_ _a\"></span>ota<span class=\"_ _7\"></span>l financia<span class=\"_ _7\"></span>l liabilitie<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x85d y1e80 wa8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls140 ws226\">6<span class=\"_ _8\"></span>74<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x85e y1e80 w20f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">6<span class=\"_ _7\"></span>36.2<span class=\"_ _304\"> </span></div></td></tr></table>All of the fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es car<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>d at fair val<span class=\"_ _7\"></span>ue are due w<span class=\"_ _7\"></span>ithin on<span class=\"_ _7\"></span>e year a<span class=\"_ _7\"></span>nd all the bo<span class=\"_ _7\"></span>rrowing<span class=\"_ _7\"></span>s are due af<span class=\"_ _7\"></span>ter on<span class=\"_ _7\"></span>e year<span class=\"_ _9\"></span>. Accrue<span class=\"_ _7\"></span>d interest o<span class=\"_ _7\"></span>n long-term d<span class=\"_ _7\"></span>ebt is due w<span class=\"_ _7\"></span>ithin on<span class=\"_ _7\"></span>e year<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>On 2<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novem<span class=\"_ _7\"></span>ber<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>201<span class=\"_ _a\"></span>5, the Grou<span class=\"_ _7\"></span>p issue<span class=\"_ _7\"></span>d \u00a327<span class=\"_ _9\"></span>5.<span class=\"_ _9\"></span>0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion 6.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>25<span class=\"_ _a\"></span>% fi<span class=\"_ _7\"></span>xed-t<span class=\"_ _9\"></span>o-floating r<span class=\"_ _7\"></span>ate callab<span class=\"_ _7\"></span>le subo<span class=\"_ _7\"></span>rdinated notes du<span class=\"_ _7\"></span>e 2045,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>with a fir<span class=\"_ _7\"></span>st cal<span class=\"_ _7\"></span>l date of 2<span class=\"_ _9\"></span>025<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es b<span class=\"_ _7\"></span>ear i<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rest from, an<span class=\"_ _7\"></span>d inclu<span class=\"_ _7\"></span>ding, 2<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novemb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>5 at a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>fixed rate of 6.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>% per a<span class=\"_ _7\"></span>nnum a<span class=\"_ _7\"></span>nnual<span class=\"_ _7\"></span>ly in ar<span class=\"_ _7\"></span>rear<span class=\"_ _7\"></span>s star<span class=\"_ _7\"></span>ting <span class=\"ls8 ws4\"> </span>2<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novemb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>6 up until the fi<span class=\"_ _7\"></span>rst ca<span class=\"_ _7\"></span>ll date in Novembe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>5 an<span class=\"_ _7\"></span>d thereaf<span class=\"_ _7\"></span>ter at a fl<span class=\"_ _7\"></span>oating rate of interest e<span class=\"_ _7\"></span>qual to the sum of com<span class=\"_ _7\"></span>pound<span class=\"_ _7\"></span>ed dai<span class=\"_ _7\"></span>ly Sterli<span class=\"_ _7\"></span>ng Over<span class=\"_ _7\"></span>night In<span class=\"_ _7\"></span>dex Av<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>age (SONIA), the referen<span class=\"_ _7\"></span>ce rate adjustm<span class=\"_ _7\"></span>ent of 0.<span class=\"_ _20\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>9<span class=\"_ _7\"></span>3<span class=\"_ _9\"></span>% and a m<span class=\"_ _7\"></span>argin of 5.0<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>6%<span class=\"_ _9\"></span> payable q<span class=\"_ _7\"></span>uar<span class=\"_ _7\"></span>terl<span class=\"_ _7\"></span>y in arre<span class=\"_ _7\"></span>ars o<span class=\"_ _7\"></span>n each flo<span class=\"_ _7\"></span>ating interes<span class=\"_ _7\"></span>t payment d<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>On 25<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novemb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>, the notes we<span class=\"_ _7\"></span>re admit<span class=\"_ _7\"></span>ted for tradin<span class=\"_ _7\"></span>g on the Lond<span class=\"_ _7\"></span>on Stock E<span class=\"_ _7\"></span>xchang<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s regul<span class=\"_ _7\"></span>ated market. The n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es we<span class=\"_ _7\"></span>re <span class=\"ls8 ws4\"> </span>rated BBB<span class=\"_ _7\"></span>- by S&amp;P as well a<span class=\"_ _7\"></span>s by Fitch.<span class=\"_ _304\"> </span>On 22<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Se<span class=\"_ _7\"></span>ptember<span class=\"_ gs2e8\"> </span><span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>022, t<span class=\"_ _9\"></span>he G<span class=\"_ _7\"></span>roup is<span class=\"_ _7\"></span>sued \u00a3<span class=\"_ _7\"></span>2<span class=\"_ _9\"></span>50.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n 6<span class=\"_ _9\"></span>% notes du<span class=\"_ _7\"></span>e Septembe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>. T<span class=\"_ _7\"></span>he notes will b<span class=\"_ _7\"></span>e rede<span class=\"_ _7\"></span>emed o<span class=\"_ _7\"></span>n the matur<span class=\"_ _7\"></span>ity d<span class=\"_ _7\"></span>ate at their pri<span class=\"_ _7\"></span>ncipa<span class=\"_ _7\"></span>l amount tog<span class=\"_ _7\"></span>ether wi<span class=\"_ _7\"></span>th accru<span class=\"_ _7\"></span>ed intere<span class=\"_ _7\"></span>st.<span class=\"_ _304\"> </span>The n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es b<span class=\"_ _7\"></span>ear i<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rest from, an<span class=\"_ _7\"></span>d inclu<span class=\"_ _7\"></span>ding, 22 Septemb<span class=\"_ _7\"></span>er 2022 at a fixed rate of 6<span class=\"_ _9\"></span>% pe<span class=\"_ _7\"></span>r annu<span class=\"_ _7\"></span>m annua<span class=\"_ _7\"></span>lly in a<span class=\"_ _7\"></span>rrea<span class=\"_ _7\"></span>rs star<span class=\"_ _7\"></span>tin<span class=\"_ _7\"></span>g 22<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Septemb<span class=\"_ _7\"></span>er 2022 until matur<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y on 22 Septemb<span class=\"_ _7\"></span>er 202<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>. On 22 Se<span class=\"_ _7\"></span>pt<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ber 2022<span class=\"_ _9\"></span>, the n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es we<span class=\"_ _7\"></span>re admit<span class=\"_ _7\"></span>ted for tradin<span class=\"_ _7\"></span>g on the Luxem<span class=\"_ _7\"></span>bourg S<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>oc<span class=\"_ _7\"></span>k Excha<span class=\"_ _7\"></span>nge\u2019<span class=\"_ _a\"></span>s Eu<span class=\"_ _7\"></span>ro MTF<span class=\"_ _a\"></span>. The notes <span class=\"ls8 ws4\"> </span>were rated BB<span class=\"_ _7\"></span>B+ by S&amp;P as well a<span class=\"_ _7\"></span>s by Fitch.<span class=\"_ _304\"> </span>The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e of the borrowi<span class=\"_ _7\"></span>ngs is e<span class=\"_ _7\"></span>stimated at $681<span class=\"_ _a\"></span>.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$<span class=\"_ _7\"></span>62<span class=\"_ _9\"></span>3.<span class=\"_ _a\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n)<span class=\"_ _9\"></span>. The fai<span class=\"_ _7\"></span>r value me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>ment is <span class=\"ls8 ws4\"> </span>cla<span class=\"_ _7\"></span>ssifie<span class=\"_ _7\"></span>d withi<span class=\"_ _7\"></span>n Level 1 of the fair va<span class=\"_ _7\"></span>lue hie<span class=\"_ _7\"></span>rarchy<span class=\"_ _9\"></span>. The fa<span class=\"_ _7\"></span>ir value i<span class=\"_ _7\"></span>s estimated by refere<span class=\"_ _7\"></span>nce to the acti<span class=\"_ _7\"></span>vely trade<span class=\"_ _7\"></span>d value <span class=\"ls8 ws4\"> </span>on the<span class=\"_ _9\"></span> stock<span class=\"_ _9\"></span> ex<span class=\"_ _9\"></span>changes.<span class=\"_ _9\"></span> The i<span class=\"_ _7\"></span>ncrea<span class=\"_ _7\"></span>se in the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng value of the b<span class=\"_ _7\"></span>orrowin<span class=\"_ _7\"></span>gs and ac<span class=\"_ _7\"></span>crue<span class=\"_ _7\"></span>d interest d<span class=\"_ _7\"></span>uring th<span class=\"_ _7\"></span>e year co<span class=\"_ _7\"></span>mpris<span class=\"_ _7\"></span>es a drawdown of n<span class=\"_ _7\"></span>ew<span class=\"_ _9\"></span> bor<span class=\"_ _7\"></span>rowings of $n<span class=\"_ _7\"></span>il (2<span class=\"_ _9\"></span>022: $2<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>9.<span class=\"_ _20\"></span>1 mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>, repaym<span class=\"_ _7\"></span>ent of sho<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>m borrowin<span class=\"_ _7\"></span>gs of $nil (2022<span class=\"_ _9\"></span>: repay<span class=\"_ _7\"></span>ment of $33<span class=\"_ _7\"></span>6.<span class=\"_ _9\"></span>6 mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>, the amo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>sation of the di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>e bet<span class=\"_ _7\"></span>ween the n<span class=\"_ _7\"></span>et proce<span class=\"_ _7\"></span>eds rec<span class=\"_ _7\"></span>eived a<span class=\"_ _7\"></span>nd the red<span class=\"_ _7\"></span>emption a<span class=\"_ _7\"></span>mounts of $<span class=\"_ _7\"></span>0<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>7 mill<span class=\"_ _7\"></span>ion (2022<span class=\"_ _9\"></span>: $0.9 million)<span class=\"_ _9\"></span>, the de<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e in accr<span class=\"_ _7\"></span>ued in<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ere<span class=\"_ _7\"></span>st of $0.<span class=\"_ _20\"></span>1 m<span class=\"_ _7\"></span>illion (2022<span class=\"_ _9\"></span>: inc<span class=\"_ _7\"></span>rease of $6.5 mi<span class=\"_ _7\"></span>llion) plus excha<span class=\"_ _7\"></span>nge movem<span class=\"_ _7\"></span>ents of $37<span class=\"_ _e\"></span>.9 mil<span class=\"_ _7\"></span>lion <span class=\"ls8 ws4\"> </span>(202<span class=\"_ _9\"></span>2: less excha<span class=\"_ _7\"></span>nge moveme<span class=\"_ _7\"></span>nts of $60.5 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Note<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>9 inclu<span class=\"_ _7\"></span>des de<span class=\"_ _7\"></span>tails of the intere<span class=\"_ _7\"></span>st expe<span class=\"_ _7\"></span>nse for the ye<span class=\"_ _7\"></span>ar incl<span class=\"_ _7\"></span>uded in fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>e costs.<span class=\"_ _304\"> </span>Investme<span class=\"_ _7\"></span>nts at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er are de<span class=\"_ _7\"></span>nomi<span class=\"_ _7\"></span>nated in the foll<span class=\"_ _7\"></span>owing cur<span class=\"_ _7\"></span>renci<span class=\"_ _7\"></span>es at the<span class=\"_ _7\"></span>ir fair val<span class=\"_ _7\"></span>ue<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span><table class=\"s w45f hc4\" id=\"_878bd962-25af-4943-93d3-201e09de0369\"><tr><td></td><td class=\"t m0 x26c h43 y2087 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y2087 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y2088 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x6ff h44 y2088 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y2089 ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y208a w460 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3e ws47\">US Dollars<span class=\"_ _304\"> </span></div></td><td class=\"c n x85f y208a w461 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">4,<span class=\"_ _7\"></span>572.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x860 y208a w462 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls77 wsf1\">3,9<span class=\"_ _7\"></span>32<span class=\"_ _9\"></span>.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x861 y208b w200 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws247\">Ste<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>li<span class=\"_ _7\"></span>ng<span class=\"_ _304\"> </span></div></td><td class=\"c n x862 y208b w463 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">96<span class=\"_ _7\"></span>0.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x863 y208b w29b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">8<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y208c w464 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Euro<span class=\"_ _9\"></span> and other curr<span class=\"_ _9\"></span>encies<span class=\"_ _304\"> </span></div></td><td class=\"c n x864 y208c w219 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">8<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x863 y208c w465 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">6<span class=\"_ _7\"></span>72.7<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x865 y1fca w1cc h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x866 y1fca wa7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y208d ff5f fs7 fc2 sc0 ls85 ws84\">Equi<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s an<span class=\"_ _7\"></span>d inves<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt fu<span class=\"_ _7\"></span>nds<span class=\"ls8 ws4\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y1ed2 w460 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3e ws47\">US Dollars<span class=\"_ _304\"> </span></div></td><td class=\"c n x867 y1ed2 wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">8<span class=\"_ _7\"></span>4.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x1e9 y1ed2 w466 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">18<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x861 y1ed4 w200 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws247\">Ste<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>li<span class=\"_ _7\"></span>ng<span class=\"_ _304\"> </span></div></td><td class=\"c n x868 y1ed4 wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">84.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x869 y1ed4 w467 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">11<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y1ed7 w464 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Euro<span class=\"_ _9\"></span> and other curr<span class=\"_ _9\"></span>encies<span class=\"_ _304\"> </span></div></td><td class=\"c n x86a y1ed7 w5d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">36.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x86b y1ed7 w24b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">33.9<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x86c y1ed8 w226 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">205.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x86d y1ed8 w14e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w468 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsa3\">T<span class=\"_ _a\"></span>ota<span class=\"_ _7\"></span>l inv<span class=\"_ _9\"></span>es<span class=\"_ _7\"></span>tments<span class=\"_ _304\"> </span></div></td><td class=\"c n x86e y1e80 w448 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">6,<span class=\"_ _7\"></span>53<span class=\"_ _7\"></span>9.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x86f y1e80 w449 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _7\"></span>,76<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-475": {
   "value": "1<span class=\"_ _a\"></span>4 Financial assets and liabilities<span class=\"_ _304\"> </span>Fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets d<span class=\"_ _7\"></span>esig<span class=\"_ _7\"></span>nated at fair val<span class=\"_ _7\"></span>ue throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s are me<span class=\"_ _7\"></span>asured at f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>es, with al<span class=\"_ _7\"></span>l chan<span class=\"_ _7\"></span>ges fro<span class=\"_ _7\"></span>m one acc<span class=\"_ _7\"></span>ounting per<span class=\"_ _7\"></span>iod to the nex<span class=\"_ _7\"></span>t bein<span class=\"_ _7\"></span>g record<span class=\"_ _7\"></span>ed throug<span class=\"_ _7\"></span>h the inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span>Note<span class=\"_ _304\"> </span><table class=\"s w445 hc0\" id=\"_4393bbc0-2bbe-4640-af0c-5044372a85d7\"><tr><td></td><td></td><td class=\"t m0 x1fb h43 y2079 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2079 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x201 h43 y207a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y207a ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ff7 w1c6 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x841 y1ff7 w1cc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x842 y1ff7 wa7 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y207b w446 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Equi<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s an<span class=\"_ _7\"></span>d inves<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt fu<span class=\"_ _7\"></span>nds<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x843 y207b w226 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">205.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x844 y207b w14e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y207c w447 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">T<span class=\"_ _a\"></span>ota<span class=\"_ _7\"></span>l inve<span class=\"_ _7\"></span>stme<span class=\"_ _7\"></span>nts<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x845 y207c w448 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">6,<span class=\"_ _7\"></span>53<span class=\"_ _7\"></span>9.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x846 y207c w449 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _7\"></span>,76<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y207d ff5f fs7 fc2 sc0 ls3c ws45\">Insurance-linked funds<span class=\"_ _304\"> </span></td><td class=\"c n x31b y1f87 w44a h91\"><div class=\"t m0 x1b6 he y1e4c ff5f fs28 fc2 sc0 ls14a ws1f3\">17<span class=\"_ _304\"> </span></div></td><td class=\"c n x847 y1f86 wa4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">35<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x848 y1f86 w44b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">4<span class=\"_ _7\"></span>5.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y207e ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></td><td class=\"c n x31b y1f89 w3a8 h91\"><div class=\"t m0 x1b6 he y1e4c ff5f fs28 fc2 sc0 ls149 ws1f2\">16<span class=\"_ _304\"> </span></div></td><td class=\"c n x849 y1ed8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x84a y1ed8 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w44c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al financ<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>sets ca<span class=\"_ _7\"></span>rri<span class=\"_ _7\"></span>ed at fair va<span class=\"_ _7\"></span>lue<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x84b y1e80 w44d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,57<span class=\"_ _a\"></span>4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x84c y1e80 w44e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr></table>The e<span class=\"_ _7\"></span>ffe<span class=\"_ _7\"></span>ctive matur<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y of the debt an<span class=\"_ _7\"></span>d fixed inc<span class=\"_ _7\"></span>ome hol<span class=\"_ _7\"></span>dings du<span class=\"_ _7\"></span>e within a<span class=\"_ _7\"></span>nd af<span class=\"_ _7\"></span>ter one ye<span class=\"_ _7\"></span>ar are as fol<span class=\"_ _7\"></span>lows:<span class=\"_ _304\"> </span><table class=\"s w44f hc1\" id=\"_a9aea2eb-f66e-4827-bfc8-9288d74d0213\"><tr><td></td><td class=\"t m0 x1fb h43 y207f ff64 fs28 fc2 sc0 ls9f wsb8\">2023</td><td class=\"t m0 x84d h44 y207f ff5f fs28 fc2 sc0 lsa1 ws12c\"> 2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2080 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y2080 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2081 w450 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Within one<span class=\"_ _9\"></span> year<span class=\"_ _304\"> </span></div></td><td class=\"c n x84e y2081 w1cf h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x84f y2081 w1f7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w451 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x850 y1ed8 w452 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _2c\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x851 y1ed8 w453 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>7<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x852 y1e80 w1cc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x853 y1e80 wa7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr></table>Equiti<span class=\"_ _7\"></span>es, investme<span class=\"_ _7\"></span>nt fund<span class=\"_ _7\"></span>s and ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e-lin<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span>ed s<span class=\"_ _7\"></span>ecur<span class=\"_ _7\"></span>ities d<span class=\"_ _7\"></span>o not have any matur<span class=\"_ _7\"></span>ity d<span class=\"_ _7\"></span>ates. The ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive maturi<span class=\"_ _7\"></span>ty of al<span class=\"_ _7\"></span>l other fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets is du<span class=\"_ _7\"></span>e withi<span class=\"_ _7\"></span>n one year<span class=\"_ _9\"></span>. An a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>is of the cred<span class=\"_ _7\"></span>it risk a<span class=\"_ _7\"></span>nd contra<span class=\"_ _7\"></span>ctual m<span class=\"_ _7\"></span>aturit<span class=\"_ _7\"></span>y profile<span class=\"_ _7\"></span>s of the Group\u2019<span class=\"_ _a\"></span>s fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial instr<span class=\"_ _7\"></span>ume<span class=\"_ _7\"></span>nts is given in n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>3.3(<span class=\"_ _9\"></span>d) an<span class=\"_ _7\"></span>d 3.3(<span class=\"_ _9\"></span>e)<span class=\"_ _9\"></span>. Financial liabilit<span class=\"_ _9\"></span>ies of the<span class=\"_ _9\"></span> Group are<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>Note<span class=\"_ _304\"> </span><table class=\"s w445 hc2\" id=\"_bcf72cad-b883-472c-b6ab-daa3693171cf\"><tr><td></td><td></td><td class=\"t m0 x1fb h43 y2082 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2082 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x201 h43 y2083 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y2083 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed8 w454 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></div></td><td class=\"c n x854 y1f89 w3a8 h94\"><div class=\"t m0 x1b6 he y1e7b ff5f fs28 fc2 sc0 ls149 ws1f2\">16<span class=\"_ _304\"> </span></div></td><td class=\"c n x855 y1ed8 w436 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x856 y1ed8 w177 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w455 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Finan<span class=\"_ _7\"></span>cial liab<span class=\"_ _7\"></span>ilities c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at fai<span class=\"_ _7\"></span>r value<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x81f y1e80 w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x857 y1e80 w456 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table><table class=\"s w445 hc3\" id=\"_9c8e7f80-6dfb-4382-a09a-8c5f726aec17\"><tr><td></td><td class=\"t m0 x1fb h43 y2084 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2084 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2085 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y2085 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed4 w457 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Borrowings<span class=\"_ _304\"> </span></div></td><td class=\"c n x858 y1ed4 w458 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x78f y1ed4 w384 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsde ws144\">6<span class=\"_ _7\"></span>28.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2086 w459 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accr<span class=\"_ _7\"></span>ued intere<span class=\"_ _7\"></span>st on bo<span class=\"_ _7\"></span>rrowings<span class=\"_ _304\"> </span></div></td><td class=\"c n x859 y2086 w109 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x85a y2086 w45a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w45b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Finan<span class=\"_ _7\"></span>cial liab<span class=\"_ _7\"></span>ilities c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x85b y1ed8 w45c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">67<span class=\"_ _a\"></span>4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x85c y1ed8 w45d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">6<span class=\"_ _7\"></span>35.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w45e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsa3\">T<span class=\"_ _a\"></span>ota<span class=\"_ _7\"></span>l financia<span class=\"_ _7\"></span>l liabilitie<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x85d y1e80 wa8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls140 ws226\">6<span class=\"_ _8\"></span>74<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x85e y1e80 w20f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">6<span class=\"_ _7\"></span>36.2<span class=\"_ _304\"> </span></div></td></tr></table>All of the fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es car<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>d at fair val<span class=\"_ _7\"></span>ue are due w<span class=\"_ _7\"></span>ithin on<span class=\"_ _7\"></span>e year a<span class=\"_ _7\"></span>nd all the bo<span class=\"_ _7\"></span>rrowing<span class=\"_ _7\"></span>s are due af<span class=\"_ _7\"></span>ter on<span class=\"_ _7\"></span>e year<span class=\"_ _9\"></span>. Accrue<span class=\"_ _7\"></span>d interest o<span class=\"_ _7\"></span>n long-term d<span class=\"_ _7\"></span>ebt is due w<span class=\"_ _7\"></span>ithin on<span class=\"_ _7\"></span>e year<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>On 2<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novem<span class=\"_ _7\"></span>ber<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>201<span class=\"_ _a\"></span>5, the Grou<span class=\"_ _7\"></span>p issue<span class=\"_ _7\"></span>d \u00a327<span class=\"_ _9\"></span>5.<span class=\"_ _9\"></span>0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion 6.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>25<span class=\"_ _a\"></span>% fi<span class=\"_ _7\"></span>xed-t<span class=\"_ _9\"></span>o-floating r<span class=\"_ _7\"></span>ate callab<span class=\"_ _7\"></span>le subo<span class=\"_ _7\"></span>rdinated notes du<span class=\"_ _7\"></span>e 2045,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>with a fir<span class=\"_ _7\"></span>st cal<span class=\"_ _7\"></span>l date of 2<span class=\"_ _9\"></span>025<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es b<span class=\"_ _7\"></span>ear i<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rest from, an<span class=\"_ _7\"></span>d inclu<span class=\"_ _7\"></span>ding, 2<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novemb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>5 at a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>fixed rate of 6.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>% per a<span class=\"_ _7\"></span>nnum a<span class=\"_ _7\"></span>nnual<span class=\"_ _7\"></span>ly in ar<span class=\"_ _7\"></span>rear<span class=\"_ _7\"></span>s star<span class=\"_ _7\"></span>ting <span class=\"ls8 ws4\"> </span>2<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novemb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>6 up until the fi<span class=\"_ _7\"></span>rst ca<span class=\"_ _7\"></span>ll date in Novembe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>5 an<span class=\"_ _7\"></span>d thereaf<span class=\"_ _7\"></span>ter at a fl<span class=\"_ _7\"></span>oating rate of interest e<span class=\"_ _7\"></span>qual to the sum of com<span class=\"_ _7\"></span>pound<span class=\"_ _7\"></span>ed dai<span class=\"_ _7\"></span>ly Sterli<span class=\"_ _7\"></span>ng Over<span class=\"_ _7\"></span>night In<span class=\"_ _7\"></span>dex Av<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>age (SONIA), the referen<span class=\"_ _7\"></span>ce rate adjustm<span class=\"_ _7\"></span>ent of 0.<span class=\"_ _20\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>9<span class=\"_ _7\"></span>3<span class=\"_ _9\"></span>% and a m<span class=\"_ _7\"></span>argin of 5.0<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>6%<span class=\"_ _9\"></span> payable q<span class=\"_ _7\"></span>uar<span class=\"_ _7\"></span>terl<span class=\"_ _7\"></span>y in arre<span class=\"_ _7\"></span>ars o<span class=\"_ _7\"></span>n each flo<span class=\"_ _7\"></span>ating interes<span class=\"_ _7\"></span>t payment d<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>On 25<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novemb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>, the notes we<span class=\"_ _7\"></span>re admit<span class=\"_ _7\"></span>ted for tradin<span class=\"_ _7\"></span>g on the Lond<span class=\"_ _7\"></span>on Stock E<span class=\"_ _7\"></span>xchang<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s regul<span class=\"_ _7\"></span>ated market. The n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es we<span class=\"_ _7\"></span>re <span class=\"ls8 ws4\"> </span>rated BBB<span class=\"_ _7\"></span>- by S&amp;P as well a<span class=\"_ _7\"></span>s by Fitch.<span class=\"_ _304\"> </span>On 22<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Se<span class=\"_ _7\"></span>ptember<span class=\"_ gs2e8\"> </span><span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>022, t<span class=\"_ _9\"></span>he G<span class=\"_ _7\"></span>roup is<span class=\"_ _7\"></span>sued \u00a3<span class=\"_ _7\"></span>2<span class=\"_ _9\"></span>50.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n 6<span class=\"_ _9\"></span>% notes du<span class=\"_ _7\"></span>e Septembe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>. T<span class=\"_ _7\"></span>he notes will b<span class=\"_ _7\"></span>e rede<span class=\"_ _7\"></span>emed o<span class=\"_ _7\"></span>n the matur<span class=\"_ _7\"></span>ity d<span class=\"_ _7\"></span>ate at their pri<span class=\"_ _7\"></span>ncipa<span class=\"_ _7\"></span>l amount tog<span class=\"_ _7\"></span>ether wi<span class=\"_ _7\"></span>th accru<span class=\"_ _7\"></span>ed intere<span class=\"_ _7\"></span>st.<span class=\"_ _304\"> </span>The n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es b<span class=\"_ _7\"></span>ear i<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rest from, an<span class=\"_ _7\"></span>d inclu<span class=\"_ _7\"></span>ding, 22 Septemb<span class=\"_ _7\"></span>er 2022 at a fixed rate of 6<span class=\"_ _9\"></span>% pe<span class=\"_ _7\"></span>r annu<span class=\"_ _7\"></span>m annua<span class=\"_ _7\"></span>lly in a<span class=\"_ _7\"></span>rrea<span class=\"_ _7\"></span>rs star<span class=\"_ _7\"></span>tin<span class=\"_ _7\"></span>g 22<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Septemb<span class=\"_ _7\"></span>er 2022 until matur<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y on 22 Septemb<span class=\"_ _7\"></span>er 202<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>. On 22 Se<span class=\"_ _7\"></span>pt<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ber 2022<span class=\"_ _9\"></span>, the n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es we<span class=\"_ _7\"></span>re admit<span class=\"_ _7\"></span>ted for tradin<span class=\"_ _7\"></span>g on the Luxem<span class=\"_ _7\"></span>bourg S<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>oc<span class=\"_ _7\"></span>k Excha<span class=\"_ _7\"></span>nge\u2019<span class=\"_ _a\"></span>s Eu<span class=\"_ _7\"></span>ro MTF<span class=\"_ _a\"></span>. The notes <span class=\"ls8 ws4\"> </span>were rated BB<span class=\"_ _7\"></span>B+ by S&amp;P as well a<span class=\"_ _7\"></span>s by Fitch.<span class=\"_ _304\"> </span>The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e of the borrowi<span class=\"_ _7\"></span>ngs is e<span class=\"_ _7\"></span>stimated at $681<span class=\"_ _a\"></span>.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$<span class=\"_ _7\"></span>62<span class=\"_ _9\"></span>3.<span class=\"_ _a\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n)<span class=\"_ _9\"></span>. The fai<span class=\"_ _7\"></span>r value me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>ment is <span class=\"ls8 ws4\"> </span>cla<span class=\"_ _7\"></span>ssifie<span class=\"_ _7\"></span>d withi<span class=\"_ _7\"></span>n Level 1 of the fair va<span class=\"_ _7\"></span>lue hie<span class=\"_ _7\"></span>rarchy<span class=\"_ _9\"></span>. The fa<span class=\"_ _7\"></span>ir value i<span class=\"_ _7\"></span>s estimated by refere<span class=\"_ _7\"></span>nce to the acti<span class=\"_ _7\"></span>vely trade<span class=\"_ _7\"></span>d value <span class=\"ls8 ws4\"> </span>on the<span class=\"_ _9\"></span> stock<span class=\"_ _9\"></span> ex<span class=\"_ _9\"></span>changes.<span class=\"_ _9\"></span> The i<span class=\"_ _7\"></span>ncrea<span class=\"_ _7\"></span>se in the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng value of the b<span class=\"_ _7\"></span>orrowin<span class=\"_ _7\"></span>gs and ac<span class=\"_ _7\"></span>crue<span class=\"_ _7\"></span>d interest d<span class=\"_ _7\"></span>uring th<span class=\"_ _7\"></span>e year co<span class=\"_ _7\"></span>mpris<span class=\"_ _7\"></span>es a drawdown of n<span class=\"_ _7\"></span>ew<span class=\"_ _9\"></span> bor<span class=\"_ _7\"></span>rowings of $n<span class=\"_ _7\"></span>il (2<span class=\"_ _9\"></span>022: $2<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>9.<span class=\"_ _20\"></span>1 mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>, repaym<span class=\"_ _7\"></span>ent of sho<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>m borrowin<span class=\"_ _7\"></span>gs of $nil (2022<span class=\"_ _9\"></span>: repay<span class=\"_ _7\"></span>ment of $33<span class=\"_ _7\"></span>6.<span class=\"_ _9\"></span>6 mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>, the amo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>sation of the di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>e bet<span class=\"_ _7\"></span>ween the n<span class=\"_ _7\"></span>et proce<span class=\"_ _7\"></span>eds rec<span class=\"_ _7\"></span>eived a<span class=\"_ _7\"></span>nd the red<span class=\"_ _7\"></span>emption a<span class=\"_ _7\"></span>mounts of $<span class=\"_ _7\"></span>0<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>7 mill<span class=\"_ _7\"></span>ion (2022<span class=\"_ _9\"></span>: $0.9 million)<span class=\"_ _9\"></span>, the de<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e in accr<span class=\"_ _7\"></span>ued in<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ere<span class=\"_ _7\"></span>st of $0.<span class=\"_ _20\"></span>1 m<span class=\"_ _7\"></span>illion (2022<span class=\"_ _9\"></span>: inc<span class=\"_ _7\"></span>rease of $6.5 mi<span class=\"_ _7\"></span>llion) plus excha<span class=\"_ _7\"></span>nge movem<span class=\"_ _7\"></span>ents of $37<span class=\"_ _e\"></span>.9 mil<span class=\"_ _7\"></span>lion <span class=\"ls8 ws4\"> </span>(202<span class=\"_ _9\"></span>2: less excha<span class=\"_ _7\"></span>nge moveme<span class=\"_ _7\"></span>nts of $60.5 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Note<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>9 inclu<span class=\"_ _7\"></span>des de<span class=\"_ _7\"></span>tails of the intere<span class=\"_ _7\"></span>st expe<span class=\"_ _7\"></span>nse for the ye<span class=\"_ _7\"></span>ar incl<span class=\"_ _7\"></span>uded in fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>e costs.<span class=\"_ _304\"> </span>Investme<span class=\"_ _7\"></span>nts at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er are de<span class=\"_ _7\"></span>nomi<span class=\"_ _7\"></span>nated in the foll<span class=\"_ _7\"></span>owing cur<span class=\"_ _7\"></span>renci<span class=\"_ _7\"></span>es at the<span class=\"_ _7\"></span>ir fair val<span class=\"_ _7\"></span>ue<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span><table class=\"s w45f hc4\" id=\"_878bd962-25af-4943-93d3-201e09de0369\"><tr><td></td><td class=\"t m0 x26c h43 y2087 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y2087 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y2088 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x6ff h44 y2088 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y2089 ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y208a w460 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3e ws47\">US Dollars<span class=\"_ _304\"> </span></div></td><td class=\"c n x85f y208a w461 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">4,<span class=\"_ _7\"></span>572.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x860 y208a w462 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls77 wsf1\">3,9<span class=\"_ _7\"></span>32<span class=\"_ _9\"></span>.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x861 y208b w200 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws247\">Ste<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>li<span class=\"_ _7\"></span>ng<span class=\"_ _304\"> </span></div></td><td class=\"c n x862 y208b w463 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">96<span class=\"_ _7\"></span>0.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x863 y208b w29b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">8<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y208c w464 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Euro<span class=\"_ _9\"></span> and other curr<span class=\"_ _9\"></span>encies<span class=\"_ _304\"> </span></div></td><td class=\"c n x864 y208c w219 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">8<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x863 y208c w465 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">6<span class=\"_ _7\"></span>72.7<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x865 y1fca w1cc h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x866 y1fca wa7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y208d ff5f fs7 fc2 sc0 ls85 ws84\">Equi<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s an<span class=\"_ _7\"></span>d inves<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt fu<span class=\"_ _7\"></span>nds<span class=\"ls8 ws4\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y1ed2 w460 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3e ws47\">US Dollars<span class=\"_ _304\"> </span></div></td><td class=\"c n x867 y1ed2 wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">8<span class=\"_ _7\"></span>4.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x1e9 y1ed2 w466 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">18<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x861 y1ed4 w200 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws247\">Ste<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>li<span class=\"_ _7\"></span>ng<span class=\"_ _304\"> </span></div></td><td class=\"c n x868 y1ed4 wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">84.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x869 y1ed4 w467 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">11<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y1ed7 w464 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Euro<span class=\"_ _9\"></span> and other curr<span class=\"_ _9\"></span>encies<span class=\"_ _304\"> </span></div></td><td class=\"c n x86a y1ed7 w5d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">36.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x86b y1ed7 w24b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">33.9<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x86c y1ed8 w226 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">205.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x86d y1ed8 w14e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w468 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsa3\">T<span class=\"_ _a\"></span>ota<span class=\"_ _7\"></span>l inv<span class=\"_ _9\"></span>es<span class=\"_ _7\"></span>tments<span class=\"_ _304\"> </span></div></td><td class=\"c n x86e y1e80 w448 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">6,<span class=\"_ _7\"></span>53<span class=\"_ _7\"></span>9.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x86f y1e80 w449 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _7\"></span>,76<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr></table>1<span class=\"_ _a\"></span>7 Fai<span class=\"_ _7\"></span>r value me<span class=\"_ _7\"></span>asu<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nts In acc<span class=\"_ _7\"></span>ordanc<span class=\"_ _7\"></span>e with IFRS 1<span class=\"_ _9\"></span>3 <span class=\"ff68\">Fair Value Meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt,</span> the fair val<span class=\"_ _7\"></span>ue of fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l instru<span class=\"_ _7\"></span>ments, bas<span class=\"_ _7\"></span>ed on a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>thre<span class=\"_ _7\"></span>e-level f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> hie<span class=\"_ _7\"></span>rarchy that ref<span class=\"_ _7\"></span>lec<span class=\"_ _7\"></span>ts the signi<span class=\"_ _7\"></span>fic<span class=\"_ _7\"></span>ance of the i<span class=\"_ _7\"></span>nputs us<span class=\"_ _7\"></span>ed in me<span class=\"_ _7\"></span>asur<span class=\"_ _7\"></span>ing the fai<span class=\"_ _7\"></span>r value, is set ou<span class=\"_ _7\"></span>t below<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>As at 31 Dece<span class=\"_ _7\"></span>mber 20<span class=\"_ _7\"></span>23<span class=\"_ _304\"> </span><table class=\"s w481 hc8\" id=\"_6495723b-9c4c-4782-a773-10641fc026dd\"><tr><td></td><td class=\"t m0 x89d h43 y20a4 ff64 fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 1<span class=\"_ _304\"> </span></td><td class=\"t m0 x89e h43 y20a4 ff64 fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 2<span class=\"_ _304\"> </span></td><td class=\"t m0 x89f h43 y20a4 ff64 fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 3<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y20a4 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3d7 h43 y20a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h43 y20a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h43 y20a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y20a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 h25 y20a6 ff64 fs7 fc2 sc0 ls3c ws45\">Financial assets<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2051 w1c6 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a0 y2051 w17 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a1 y2051 w482 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws199\">5,03<span class=\"_ _7\"></span>3.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a2 y2051 wa4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6<span class=\"_ _7\"></span>4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a3 y2051 w483 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333<span class=\"_ _9\"></span>.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2052 w446 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Equi<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s an<span class=\"_ _7\"></span>d inves<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt fu<span class=\"_ _7\"></span>nds<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y2052 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a4 y2052 w23b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsad wsca\">17<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a5 y2052 w484 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">3<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a6 y2052 w22 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20<span class=\"_ _7\"></span>5.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2053 w162 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">Insurance-linked funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y2053 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x885 y2053 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a7 y2053 w5d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">35.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a8 y2053 w188 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">35.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2054 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a9 y2054 w17 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 ws10a\">1,<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x8aa y2054 w485 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws155\">5<span class=\"_ _7\"></span>,20<span class=\"_ _7\"></span>8.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ab y2054 w486 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws1da\">13<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ac y2054 w71 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws155\">6<span class=\"_ _7\"></span>,57<span class=\"_ _a\"></span>4.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y20a7 ff64 fs7 fc2 sc0 ls7c ws89\">Financial liabilities<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1ed8 w454 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ad y1ed8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ae y1ed8 w436 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8af y1ed8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b0 y1ed8 w179 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1e80 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b1 y1e80 w424 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b2 y1e80 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b3 y1e80 w68 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td></tr></table>As at 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2022<span class=\"_ _304\"> </span><table class=\"s w487 hc9\" id=\"_dc99fc47-208f-4e2b-8a32-1e1c199b7610\"><tr><td></td><td class=\"t m0 x89d h44 y20a8 ff5f fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 1<span class=\"_ _304\"> </span></td><td class=\"t m0 x8b4 h44 y20a8 ff5f fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 2<span class=\"_ _304\"> </span></td><td class=\"t m0 x89f h44 y20a8 ff5f fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 3<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y20a8 ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3d7 h44 y20a9 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h44 y20a9 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h44 y20a9 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y20a9 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 he y20aa ff5f fs7 fc2 sc0 ls39 ws43\">Financial assets<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2050 w1c6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b5 y2050 w488 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b6 y2050 w489 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>2<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b7 y2050 w264 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">6<span class=\"_ _2c\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b8 y2050 wa7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e73 w446 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Equi<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s an<span class=\"_ _7\"></span>d inves<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt fu<span class=\"_ _7\"></span>nds<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1e73 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b9 y1e73 w48a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">3<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ba y1e73 w374 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8bb y1e73 w14e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ab w162 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">Insurance-linked funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y20ab w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x885 y20ab w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a7 y20ab w48b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">4<span class=\"_ _7\"></span>5.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8bc y20ab w48c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">45.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2053 w454 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ad y2053 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8bd y2053 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x8be y2053 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8bf y2053 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ac w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c0 y20ac w488 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>2<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c1 y20ac wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4,5<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c2 y20ac w48d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">13<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c3 y20ac w48e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y1f96 ff5f fs7 fc2 sc0 ls3b ws44\">Financial liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1ed8 w454 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ad y1ed8 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c4 y1ed8 w110 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c5 y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c6 y1ed8 w177 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1e80 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x896 y1e80 w47e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c7 y1e80 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x837 y1e80 w456 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>The l<span class=\"_ _7\"></span>evels of the fai<span class=\"_ _7\"></span>r value hi<span class=\"_ _7\"></span>erarc<span class=\"_ _7\"></span>hy are define<span class=\"_ _7\"></span>d by the stand<span class=\"_ _7\"></span>ard as foll<span class=\"_ _7\"></span>ows<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _20\"></span> <span class=\"_ _24\"></span>Leve<span class=\"_ _7\"></span>l 1 \u2013 fair valu<span class=\"_ _7\"></span>es me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d using qu<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>d price<span class=\"_ _7\"></span>s (unadjus<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>d) in active m<span class=\"_ _7\"></span>arkets for ide<span class=\"_ _7\"></span>ntical i<span class=\"_ _7\"></span>nstrum<span class=\"_ _7\"></span>ents;<span class=\"_ _304\"> </span>A<span class=\"_ _8\"> </span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _a\"></span> <span class=\"_ _24\"></span>Level 2 \u2013 fair va<span class=\"_ _7\"></span>lues m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>red usin<span class=\"_ _7\"></span>g direc<span class=\"_ _7\"></span>tly or indi<span class=\"_ _7\"></span>rectly o<span class=\"_ _7\"></span>bser<span class=\"_ _7\"></span>vab<span class=\"_ _7\"></span>le inpu<span class=\"_ _7\"></span>ts or other si<span class=\"_ _7\"></span>milar va<span class=\"_ _7\"></span>luation tec<span class=\"_ _7\"></span>hniqu<span class=\"_ _7\"></span>es for <span class=\"ls8 ws4\"> </span></span>whi<span class=\"_ _7\"></span>ch all si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant inp<span class=\"_ _7\"></span>uts are bas<span class=\"_ _7\"></span>ed on ma<span class=\"_ _7\"></span>rket obse<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vable dat<span class=\"_ _7\"></span>a;<span class=\"_ _304\"> </span>A <span class=\"_ _20\"></span> <span class=\"_ _24\"></span>Leve<span class=\"_ _7\"></span>l 3 \u2013 fair valu<span class=\"_ _7\"></span>es me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d using val<span class=\"_ _7\"></span>uation tech<span class=\"_ _7\"></span>nique<span class=\"_ _7\"></span>s for whi<span class=\"_ _7\"></span>ch sig<span class=\"_ _7\"></span>nifica<span class=\"_ _7\"></span>nt inpu<span class=\"_ _7\"></span>ts are not base<span class=\"_ _7\"></span>d on mar<span class=\"_ _7\"></span>ket<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>obser<span class=\"_ _7\"></span>vable<span class=\"_ _9\"></span> data.<span class=\"_ _9\"></span> The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>es of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s financ<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>sets are t<span class=\"_ _7\"></span>ypic<span class=\"_ _7\"></span>ally b<span class=\"_ _7\"></span>ased o<span class=\"_ _7\"></span>n pric<span class=\"_ _7\"></span>es from nu<span class=\"_ _7\"></span>merou<span class=\"_ _7\"></span>s indep<span class=\"_ _7\"></span>ende<span class=\"_ _7\"></span>nt pri<span class=\"_ _7\"></span>cing se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice<span class=\"_ _7\"></span>s. The pri<span class=\"_ _7\"></span>cing se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice<span class=\"_ _7\"></span>s used by the i<span class=\"_ _7\"></span>nvestment m<span class=\"_ _7\"></span>anag<span class=\"_ _7\"></span>er obtain a<span class=\"_ _7\"></span>ctual tra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>on pric<span class=\"_ _7\"></span>es for se<span class=\"_ _7\"></span>curi<span class=\"_ _7\"></span>ties that h<span class=\"_ _7\"></span>ave quot<span class=\"_ _9\"></span>ed p<span class=\"_ _7\"></span>rice<span class=\"_ _7\"></span>s in acti<span class=\"_ _7\"></span>ve<span class=\"_ _9\"></span> market<span class=\"_ _9\"></span>s. For t<span class=\"_ _9\"></span>hose securities which are no<span class=\"_ _9\"></span>t actively t<span class=\"_ _9\"></span>raded, t<span class=\"_ _9\"></span>he pricing ser<span class=\"_ _7\"></span>vices use common market<span class=\"_ _9\"></span> valuation pricing models<span class=\"_ _9\"></span>. Obs<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vabl<span class=\"_ _7\"></span>e inputs us<span class=\"_ _7\"></span>ed in co<span class=\"_ _7\"></span>mmon ma<span class=\"_ _7\"></span>rket valuati<span class=\"_ _7\"></span>on pric<span class=\"_ _7\"></span>ing mod<span class=\"_ _7\"></span>els inc<span class=\"_ _7\"></span>lude, but a<span class=\"_ _7\"></span>re not limited to, broker quotes, cred<span class=\"_ _7\"></span>it ratings, interest r<span class=\"_ _7\"></span>ates and yi<span class=\"_ _7\"></span>eld cur<span class=\"_ _7\"></span>ve<span class=\"_ _7\"></span>s, prepaym<span class=\"_ _7\"></span>ent spe<span class=\"_ _7\"></span>eds, def<span class=\"_ _7\"></span>ault rates a<span class=\"_ _7\"></span>nd other suc<span class=\"_ _7\"></span>h inpu<span class=\"_ _7\"></span>ts which a<span class=\"_ _7\"></span>re availab<span class=\"_ _7\"></span>le from ma<span class=\"_ _7\"></span>rket sourc<span class=\"_ _7\"></span>es. Investme<span class=\"_ _7\"></span>nts in mutu<span class=\"_ _7\"></span>al fun<span class=\"_ _7\"></span>ds comp<span class=\"_ _7\"></span>rise a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>p<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tfol<span class=\"_ _7\"></span>io of stock investme<span class=\"_ _7\"></span>nts in tradin<span class=\"_ _7\"></span>g entitie<span class=\"_ _7\"></span>s whic<span class=\"_ _7\"></span>h are invested in va<span class=\"_ _7\"></span>rious q<span class=\"_ _7\"></span>uoted and u<span class=\"_ _7\"></span>nquoted investm<span class=\"_ _7\"></span>ents. The fa<span class=\"_ _7\"></span>ir value of th<span class=\"_ _7\"></span>ese investm<span class=\"_ _7\"></span>ent fu<span class=\"_ _7\"></span>nds is bas<span class=\"_ _7\"></span>ed on the n<span class=\"_ _7\"></span>et asset va<span class=\"_ _7\"></span>lue of the fu<span class=\"_ _7\"></span>nd as rep<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>ted by<span class=\"_ _9\"></span> inde<span class=\"_ _7\"></span>pen<span class=\"_ _7\"></span>dent pr<span class=\"_ _7\"></span>icing s<span class=\"_ _7\"></span>ource<span class=\"_ _7\"></span>s or the fun<span class=\"_ _7\"></span>d mana<span class=\"_ _7\"></span>ger<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>Incl<span class=\"_ _7\"></span>uded w<span class=\"_ _7\"></span>ithin Level 1 of the fa<span class=\"_ _7\"></span>ir value h<span class=\"_ _7\"></span>iera<span class=\"_ _7\"></span>rchy are ce<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>ain gover<span class=\"_ _7\"></span>nment b<span class=\"_ _7\"></span>onds, trea<span class=\"_ _7\"></span>sur<span class=\"_ _7\"></span>y bill<span class=\"_ _7\"></span>s, corpo<span class=\"_ _7\"></span>rate bonds hav<span class=\"_ _7\"></span>ing a quoted pri<span class=\"_ _7\"></span>ce in acti<span class=\"_ _7\"></span>ve markets, and excha<span class=\"_ _7\"></span>nge-trade<span class=\"_ _7\"></span>d equi<span class=\"_ _7\"></span>ties wh<span class=\"_ _7\"></span>ich are me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d base<span class=\"_ _7\"></span>d on quoted pr<span class=\"_ _7\"></span>ices i<span class=\"_ _7\"></span>n active mar<span class=\"_ _7\"></span>kets.<span class=\"_ _9\"></span> The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e of the borrowi<span class=\"_ _7\"></span>ngs ca<span class=\"_ _7\"></span>rrie<span class=\"_ _7\"></span>d at amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed cos<span class=\"_ _7\"></span>t is estimated at $<span class=\"_ _7\"></span>68<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$623.<span class=\"_ _20\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>m<span class=\"_ _7\"></span>illion) and i<span class=\"_ _7\"></span>s consi<span class=\"_ _7\"></span>dered <span class=\"ls8 ws4\"> </span>as Level 1 in th<span class=\"_ _7\"></span>e fair val<span class=\"_ _7\"></span>ue hie<span class=\"_ _7\"></span>rarchy<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Level 2 of the hi<span class=\"_ _7\"></span>erarchy c<span class=\"_ _7\"></span>ontain<span class=\"_ _7\"></span>s cer<span class=\"_ _7\"></span>tai<span class=\"_ _7\"></span>n governm<span class=\"_ _7\"></span>ent bon<span class=\"_ _7\"></span>ds, US govern<span class=\"_ _7\"></span>ment ag<span class=\"_ _7\"></span>encie<span class=\"_ _7\"></span>s, corp<span class=\"_ _7\"></span>orate secu<span class=\"_ _7\"></span>ritie<span class=\"_ _7\"></span>s, asset-backed sec<span class=\"_ _7\"></span>uritie<span class=\"_ _7\"></span>s and m<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tgage-ba<span class=\"_ _7\"></span>cked secu<span class=\"_ _7\"></span>ritie<span class=\"_ _7\"></span>s. The fa<span class=\"_ _7\"></span>ir value of the<span class=\"_ _7\"></span>se as<span class=\"_ _7\"></span>sets is base<span class=\"_ _7\"></span>d on the pr<span class=\"_ _7\"></span>ices o<span class=\"_ _7\"></span>btaine<span class=\"_ _7\"></span>d from ind<span class=\"_ _7\"></span>epe<span class=\"_ _7\"></span>ndent pri<span class=\"_ _7\"></span>cing sou<span class=\"_ _7\"></span>rces, investm<span class=\"_ _7\"></span>ent ma<span class=\"_ _7\"></span>nager<span class=\"_ _7\"></span>s and inve<span class=\"_ _7\"></span>stment cu<span class=\"_ _7\"></span>stodians a<span class=\"_ _7\"></span>s discus<span class=\"_ _7\"></span>sed a<span class=\"_ _7\"></span>bove<span class=\"_ _9\"></span>. T<span class=\"_ _7\"></span>he Group re<span class=\"_ _7\"></span>cords th<span class=\"_ _7\"></span>e unadju<span class=\"_ _7\"></span>sted pric<span class=\"_ _7\"></span>e provid<span class=\"_ _7\"></span>ed and va<span class=\"_ _7\"></span>lidates the pr<span class=\"_ _7\"></span>ice thro<span class=\"_ _7\"></span>ugh a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>num<span class=\"_ _7\"></span>ber of meth<span class=\"_ _7\"></span>ods incl<span class=\"_ _7\"></span>uding a<span class=\"_ gs2e8\"> </span><span class=\"_ _9\"></span>compar<span class=\"_ _7\"></span>ison of the p<span class=\"_ _7\"></span>rice<span class=\"_ _7\"></span>s provide<span class=\"_ _7\"></span>d by the investme<span class=\"_ _7\"></span>nt man<span class=\"_ _7\"></span>ager<span class=\"_ _7\"></span>s with the inves<span class=\"_ _7\"></span>tment cu<span class=\"_ _7\"></span>st<span class=\"_ _9\"></span>od<span class=\"_ _7\"></span>ians a<span class=\"_ _7\"></span>nd the valuati<span class=\"_ _7\"></span>on use<span class=\"_ _7\"></span>d by e<span class=\"_ _9\"></span>x<span class=\"_ _7\"></span>terna<span class=\"_ _7\"></span>l par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o de<span class=\"_ _7\"></span>rive fai<span class=\"_ _7\"></span>r value. Qu<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>ed p<span class=\"_ _7\"></span>rice<span class=\"_ _7\"></span>s for US govern<span class=\"_ _7\"></span>ment ag<span class=\"_ _7\"></span>enci<span class=\"_ _7\"></span>es and c<span class=\"_ _7\"></span>orpo<span class=\"_ _7\"></span>rate secur<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>re based o<span class=\"_ _7\"></span>n a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>limi<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed n<span class=\"_ _7\"></span>umbe<span class=\"_ _7\"></span>r of transac<span class=\"_ _7\"></span>tions for tho<span class=\"_ _7\"></span>se secu<span class=\"_ _7\"></span>ritie<span class=\"_ _7\"></span>s and as s<span class=\"_ _7\"></span>uch <span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _7\"></span>up cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>s these in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nts to have simila<span class=\"_ _7\"></span>r charac<span class=\"_ _7\"></span>teristic<span class=\"_ _7\"></span>s to those instr<span class=\"_ _7\"></span>uments c<span class=\"_ _7\"></span>lassi<span class=\"_ _7\"></span>fied as Leve<span class=\"_ _7\"></span>l 2<span class=\"_ _9\"></span>. Als<span class=\"_ _7\"></span>o includ<span class=\"_ _7\"></span>ed withi<span class=\"_ _7\"></span>n Level 2 are un<span class=\"_ _7\"></span>its held i<span class=\"_ _7\"></span>n colle<span class=\"_ _7\"></span>ctive investm<span class=\"_ _7\"></span>ent vehi<span class=\"_ _7\"></span>cles i<span class=\"_ _7\"></span>nvesting in trad<span class=\"_ _7\"></span>itiona<span class=\"_ _7\"></span>l and al<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rnative inves<span class=\"_ _7\"></span>tment strategi<span class=\"_ _7\"></span>es an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>ov<span class=\"_ _9\"></span>er<span class=\"_ _9\"></span>-<span class=\"_ _9\"></span>the-coun<span class=\"_ _9\"></span>ter d<span class=\"_ _9\"></span>erivativ<span class=\"_ _9\"></span>es.<span class=\"_ _304\"> </span>Level 3 co<span class=\"_ _7\"></span>ntains inve<span class=\"_ _7\"></span>stments in li<span class=\"_ _7\"></span>mited par<span class=\"_ _7\"></span>tn<span class=\"_ _7\"></span>ersh<span class=\"_ _7\"></span>ips, unqu<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>ed e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y sec<span class=\"_ _7\"></span>uritie<span class=\"_ _7\"></span>s and in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce-li<span class=\"_ _7\"></span>nked fun<span class=\"_ _7\"></span>ds whic<span class=\"_ _7\"></span>h have limited obse<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vable i<span class=\"_ _7\"></span>nputs on w<span class=\"_ _7\"></span>hich to mea<span class=\"_ _7\"></span>sure fai<span class=\"_ _7\"></span>r value. Unqu<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>ed e<span class=\"_ _7\"></span>quiti<span class=\"_ _7\"></span>es, inclu<span class=\"_ _7\"></span>ding e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y instru<span class=\"_ _7\"></span>ments in l<span class=\"_ _7\"></span>imited par<span class=\"_ _7\"></span>tn<span class=\"_ _7\"></span>ersh<span class=\"_ _7\"></span>ips, are car<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>d at fair valu<span class=\"_ _7\"></span>e. Fair value is d<span class=\"_ _7\"></span>etermin<span class=\"_ _7\"></span>ed to be net ass<span class=\"_ _7\"></span>et value for th<span class=\"_ _7\"></span>e limited pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tners<span class=\"_ _7\"></span>hips, and fo<span class=\"_ _7\"></span>r the equ<span class=\"_ _7\"></span>ity h<span class=\"_ _7\"></span>olding<span class=\"_ _7\"></span>s it is determ<span class=\"_ _7\"></span>ined to be the l<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>st availab<span class=\"_ _7\"></span>le traded p<span class=\"_ _7\"></span>rice. T<span class=\"_ _7\"></span>he ef<span class=\"_ _7\"></span>fect of ch<span class=\"_ _7\"></span>angin<span class=\"_ _7\"></span>g one or mo<span class=\"_ _7\"></span>re inputs u<span class=\"_ _7\"></span>sed in the m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nt of fair <span class=\"ls8 ws4\"> </span>value of th<span class=\"_ _7\"></span>ese instr<span class=\"_ _7\"></span>ume<span class=\"_ _7\"></span>nts t<span class=\"_ _9\"></span>o an<span class=\"_ _7\"></span>other rea<span class=\"_ _7\"></span>sonab<span class=\"_ _7\"></span>ly pos<span class=\"_ _7\"></span>sible a<span class=\"_ _7\"></span>ssum<span class=\"_ _7\"></span>ption would not be s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant. At 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023,<span class=\"_ _9\"></span> the ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e-linke<span class=\"_ _7\"></span>d funds of $<span class=\"_ _7\"></span>35.<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion repre<span class=\"_ _7\"></span>sent th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s i<span class=\"_ _7\"></span>nvestment in th<span class=\"_ _7\"></span>e unco<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated Kisk<span class=\"_ _7\"></span>adee f<span class=\"_ _7\"></span>unds (202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$45.3<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n) as desc<span class=\"_ _7\"></span>ribe<span class=\"_ _7\"></span>d in note 1<span class=\"_ _a\"></span>4<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e of the Kis<span class=\"_ _7\"></span>kadee f<span class=\"_ _7\"></span>unds is e<span class=\"_ _7\"></span>stimated to be the net a<span class=\"_ _7\"></span>sset val<span class=\"_ _7\"></span>ue as at the ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e shee<span class=\"_ _7\"></span>t date<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>e net as<span class=\"_ _7\"></span>set value <span class=\"ls8 ws4\"> </span>is bas<span class=\"_ _7\"></span>ed on the fa<span class=\"_ _7\"></span>ir value of the a<span class=\"_ _7\"></span>ssets an<span class=\"_ _7\"></span>d liabi<span class=\"_ _7\"></span>litie<span class=\"_ _7\"></span>s in the fun<span class=\"_ _7\"></span>d. The maj<span class=\"_ _7\"></span>orit<span class=\"_ _7\"></span>y of the as<span class=\"_ _7\"></span>sets of the fun<span class=\"_ _7\"></span>ds are ca<span class=\"_ _7\"></span>sh and c<span class=\"_ _7\"></span>ash equ<span class=\"_ _7\"></span>ivale<span class=\"_ _7\"></span>nts. Signifi<span class=\"_ _7\"></span>cant in<span class=\"_ _7\"></span>puts an<span class=\"_ _7\"></span>d assum<span class=\"_ _7\"></span>ptions in ca<span class=\"_ _7\"></span>lcul<span class=\"_ _7\"></span>ating the fai<span class=\"_ _7\"></span>r value of the as<span class=\"_ _7\"></span>sets and l<span class=\"_ _7\"></span>iabil<span class=\"_ _7\"></span>ities as<span class=\"_ _7\"></span>soci<span class=\"_ _7\"></span>ated with rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts wri<span class=\"_ _7\"></span>tten by the K<span class=\"_ _7\"></span>iskade<span class=\"_ _7\"></span>e fun<span class=\"_ _7\"></span>ds inclu<span class=\"_ _7\"></span>de the am<span class=\"_ _7\"></span>ount an<span class=\"_ _7\"></span>d timing of cla<span class=\"_ _7\"></span>ims payabl<span class=\"_ _7\"></span>e in resp<span class=\"_ _7\"></span>ect of cl<span class=\"_ _7\"></span>aims inc<span class=\"_ _7\"></span>urred a<span class=\"_ _7\"></span>nd pe<span class=\"_ _7\"></span>riods of unexp<span class=\"_ _7\"></span>ired ris<span class=\"_ _7\"></span>k. The G<span class=\"_ _7\"></span>roup has c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s in the net a<span class=\"_ _7\"></span>sset valu<span class=\"_ _7\"></span>ation of the Ki<span class=\"_ _7\"></span>skade<span class=\"_ _7\"></span>e fund<span class=\"_ _7\"></span>s if reas<span class=\"_ _7\"></span>onab<span class=\"_ _7\"></span>ly dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nt inpu<span class=\"_ _7\"></span>ts<span class=\"_ _9\"></span> and a<span class=\"_ _7\"></span>ssumptio<span class=\"_ _7\"></span>ns were use<span class=\"_ _7\"></span>d and ha<span class=\"_ _7\"></span>s found that a<span class=\"_ _7\"></span>n 1<span class=\"_ _20\"></span>1<span class=\"_ _a\"></span>% ch<span class=\"_ _7\"></span>ange to the fa<span class=\"_ _7\"></span>ir value of the li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties woul<span class=\"_ _7\"></span>d incre<span class=\"_ _7\"></span>ase or de<span class=\"_ _7\"></span>crea<span class=\"_ _7\"></span>se the fair value of f<span class=\"_ _7\"></span>unds by $3.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion.<span class=\"_ _304\"> </span>In ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain ca<span class=\"_ _7\"></span>ses, the in<span class=\"_ _7\"></span>puts use<span class=\"_ _7\"></span>d to measure th<span class=\"_ _7\"></span>e fair valu<span class=\"_ _7\"></span>e of a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>finan<span class=\"_ _7\"></span>cial in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nt may fall i<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>o more th<span class=\"_ _7\"></span>an one l<span class=\"_ _7\"></span>evel withi<span class=\"_ _7\"></span>n the fair value h<span class=\"_ _7\"></span>iera<span class=\"_ _7\"></span>rchy<span class=\"_ _a\"></span>. In th<span class=\"_ _7\"></span>is insta<span class=\"_ _7\"></span>nce, the fair va<span class=\"_ _7\"></span>lue of the ins<span class=\"_ _7\"></span>trume<span class=\"_ _7\"></span>nt in its entiret<span class=\"_ _7\"></span>y is cl<span class=\"_ _7\"></span>assi<span class=\"_ _7\"></span>fied bas<span class=\"_ _7\"></span>ed on the l<span class=\"_ _7\"></span>owest level of inp<span class=\"_ _7\"></span>ut that is sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt to t<span class=\"_ _9\"></span>he f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s po<span class=\"_ _7\"></span>licy is to reco<span class=\"_ _7\"></span>gnise tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>s into and transfe<span class=\"_ _7\"></span>rs ou<span class=\"_ _7\"></span>t of fair value h<span class=\"_ _7\"></span>iera<span class=\"_ _7\"></span>rchy levels at the e<span class=\"_ _7\"></span>nd of the rel<span class=\"_ _7\"></span>evant repor<span class=\"_ _7\"></span>tin<span class=\"_ _7\"></span>g per<span class=\"_ _7\"></span>iod du<span class=\"_ _7\"></span>ring wh<span class=\"_ _7\"></span>ich the tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>s are dee<span class=\"_ _7\"></span>med to have occu<span class=\"_ _7\"></span>rred. Du<span class=\"_ _7\"></span>ring the ye<span class=\"_ _7\"></span>ar<span class=\"_ _a\"></span>, inves<span class=\"_ _7\"></span>tments of $26.<span class=\"_ _9\"></span>0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion (2022<span class=\"_ _9\"></span>: $2<span class=\"_ _9\"></span>5.9 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>) were tran<span class=\"_ _7\"></span>sferre<span class=\"_ _7\"></span>d from Level 2 to Level 3 du<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o ins<span class=\"_ _7\"></span>uf<span class=\"_ _7\"></span>ficie<span class=\"_ _7\"></span>nt obse<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vable dat<span class=\"_ _7\"></span>a being avai<span class=\"_ _7\"></span>labl<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, as a re<span class=\"_ _7\"></span>sult of re<span class=\"_ _7\"></span>duce<span class=\"_ _7\"></span>d trading volu<span class=\"_ _7\"></span>mes.<span class=\"_ _304\"> </span>The below table<span class=\"_ _9\"></span> sets f<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>th a<span class=\"_ _9\"></span><span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>reconciliation<span class=\"_ _9\"></span> of opening and<span class=\"_ _9\"></span> closing balances for<span class=\"_ _9\"></span> financial instruments<span class=\"_ _9\"></span> classified under Lev<span class=\"_ _9\"></span>el 3 <span class=\"ls8 ws4\"> </span>of the fair va<span class=\"_ _7\"></span>lue hie<span class=\"_ _7\"></span>rarchy:<span class=\"_ _304\"> </span><table class=\"s w48f hca\" id=\"_cf2ba84c-6849-4e01-9cd5-a487df4ec3d3\"><tr><td></td><td class=\"t m0 x8c8 h43 y20ad ff64 fs28 fc2 sc0 ls145 ws1dc\">31<span class=\"_ _9\"></span> December<span class=\"_ _304\"> </span></td><td class=\"t m0 x823 h44 y20ad ff5f fs28 fc2 sc0 lsa0 ws1e0\">3<span class=\"_ _9\"></span>1 December<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x26c h43 y20ae ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y20ae ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y20af ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y20af ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y20b0 w490 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Bala<span class=\"_ _7\"></span>nce at 1 Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c9 y20b0 w41 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ca y20b0 w491 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20b1 w492 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Fair valu<span class=\"_ _7\"></span>e losse<span class=\"_ _7\"></span>s throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cb y20b1 w493 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>5<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cc y20b1 w494 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(0<span class=\"_ _7\"></span>.4)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2054 w495 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange gains/<span class=\"_ _9\"></span>(losses)<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cd y2054 w2e7 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ce y2054 w496 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4.4)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa8 w497 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws120\">Set<span class=\"_ _7\"></span>tlem<span class=\"_ _7\"></span>ents<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cf y1fa8 w498 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d0 y1fa8 w499 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>7.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20b2 w49a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws98\">T<span class=\"_ _a\"></span>ransfers<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d1 y20b2 w188 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">26.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d2 y20b2 w49b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">25.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f09 w49c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls7c ws89\">Closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d3 y1f09 w426 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d4 y1f09 w49d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">13<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w49e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Net un<span class=\"_ _7\"></span>realis<span class=\"_ _7\"></span>ed gain<span class=\"_ _7\"></span>s in the per<span class=\"_ _7\"></span>iod on s<span class=\"_ _7\"></span>ecur<span class=\"_ _7\"></span>ities he<span class=\"_ _7\"></span>ld at the end of th<span class=\"_ _7\"></span>e peri<span class=\"_ _7\"></span>od<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d5 y1e80 w43b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d6 y1e80 w39 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">0.6<span class=\"_ _304\"> </span></div></td></tr></table>The c<span class=\"_ _7\"></span>losin<span class=\"_ _7\"></span>g bala<span class=\"_ _7\"></span>nce at year e<span class=\"_ _7\"></span>nd com<span class=\"_ _7\"></span>pris<span class=\"_ _7\"></span>ed $64.9 millio<span class=\"_ _7\"></span>n debt an<span class=\"_ _7\"></span>d fixed inco<span class=\"_ _7\"></span>me hold<span class=\"_ _7\"></span>ings (2022<span class=\"_ _9\"></span>: $67<span class=\"_ _e\"></span>.<span class=\"_ _a\"></span>1 mill<span class=\"_ _7\"></span>ion)<span class=\"_ _9\"></span>, $30.0 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> equ<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>nd investme<span class=\"_ _7\"></span>nt fund<span class=\"_ _7\"></span>s (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: $27<span class=\"_ _e\"></span>.3 m<span class=\"_ _7\"></span>illion) and $<span class=\"_ _7\"></span>35.<span class=\"_ _9\"></span>4 mill<span class=\"_ _7\"></span>ion insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e-linked f<span class=\"_ _7\"></span>unds (2022<span class=\"_ _9\"></span>: $45.3 mill<span class=\"_ _7\"></span>ion)<span class=\"_ _9\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-439": {
   "value": "1<span class=\"_ _a\"></span>4 Financial assets and liabilities<span class=\"_ _304\"> </span>Fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l assets d<span class=\"_ _7\"></span>esig<span class=\"_ _7\"></span>nated at fair val<span class=\"_ _7\"></span>ue throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s are me<span class=\"_ _7\"></span>asured at f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>es, with al<span class=\"_ _7\"></span>l chan<span class=\"_ _7\"></span>ges fro<span class=\"_ _7\"></span>m one acc<span class=\"_ _7\"></span>ounting per<span class=\"_ _7\"></span>iod to the nex<span class=\"_ _7\"></span>t bein<span class=\"_ _7\"></span>g record<span class=\"_ _7\"></span>ed throug<span class=\"_ _7\"></span>h the inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span>Note<span class=\"_ _304\"> </span><table class=\"s w445 hc0\" id=\"_4393bbc0-2bbe-4640-af0c-5044372a85d7\"><tr><td></td><td></td><td class=\"t m0 x1fb h43 y2079 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2079 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x201 h43 y207a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y207a ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ff7 w1c6 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x841 y1ff7 w1cc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x842 y1ff7 wa7 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y207b w446 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Equi<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s an<span class=\"_ _7\"></span>d inves<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt fu<span class=\"_ _7\"></span>nds<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x843 y207b w226 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">205.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x844 y207b w14e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y207c w447 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">T<span class=\"_ _a\"></span>ota<span class=\"_ _7\"></span>l inve<span class=\"_ _7\"></span>stme<span class=\"_ _7\"></span>nts<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x845 y207c w448 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">6,<span class=\"_ _7\"></span>53<span class=\"_ _7\"></span>9.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x846 y207c w449 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _7\"></span>,76<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y207d ff5f fs7 fc2 sc0 ls3c ws45\">Insurance-linked funds<span class=\"_ _304\"> </span></td><td class=\"c n x31b y1f87 w44a h91\"><div class=\"t m0 x1b6 he y1e4c ff5f fs28 fc2 sc0 ls14a ws1f3\">17<span class=\"_ _304\"> </span></div></td><td class=\"c n x847 y1f86 wa4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">35<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x848 y1f86 w44b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">4<span class=\"_ _7\"></span>5.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y207e ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></td><td class=\"c n x31b y1f89 w3a8 h91\"><div class=\"t m0 x1b6 he y1e4c ff5f fs28 fc2 sc0 ls149 ws1f2\">16<span class=\"_ _304\"> </span></div></td><td class=\"c n x849 y1ed8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x84a y1ed8 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w44c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al financ<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>sets ca<span class=\"_ _7\"></span>rri<span class=\"_ _7\"></span>ed at fair va<span class=\"_ _7\"></span>lue<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x84b y1e80 w44d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,57<span class=\"_ _a\"></span>4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x84c y1e80 w44e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr></table>The e<span class=\"_ _7\"></span>ffe<span class=\"_ _7\"></span>ctive matur<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y of the debt an<span class=\"_ _7\"></span>d fixed inc<span class=\"_ _7\"></span>ome hol<span class=\"_ _7\"></span>dings du<span class=\"_ _7\"></span>e within a<span class=\"_ _7\"></span>nd af<span class=\"_ _7\"></span>ter one ye<span class=\"_ _7\"></span>ar are as fol<span class=\"_ _7\"></span>lows:<span class=\"_ _304\"> </span><table class=\"s w44f hc1\" id=\"_a9aea2eb-f66e-4827-bfc8-9288d74d0213\"><tr><td></td><td class=\"t m0 x1fb h43 y207f ff64 fs28 fc2 sc0 ls9f wsb8\">2023</td><td class=\"t m0 x84d h44 y207f ff5f fs28 fc2 sc0 lsa1 ws12c\"> 2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2080 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y2080 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2081 w450 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Within one<span class=\"_ _9\"></span> year<span class=\"_ _304\"> </span></div></td><td class=\"c n x84e y2081 w1cf h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x84f y2081 w1f7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w451 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x850 y1ed8 w452 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _2c\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x851 y1ed8 w453 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>7<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x852 y1e80 w1cc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x853 y1e80 wa7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr></table>Equiti<span class=\"_ _7\"></span>es, investme<span class=\"_ _7\"></span>nt fund<span class=\"_ _7\"></span>s and ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e-lin<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span>ed s<span class=\"_ _7\"></span>ecur<span class=\"_ _7\"></span>ities d<span class=\"_ _7\"></span>o not have any matur<span class=\"_ _7\"></span>ity d<span class=\"_ _7\"></span>ates. The ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive maturi<span class=\"_ _7\"></span>ty of al<span class=\"_ _7\"></span>l other fina<span class=\"_ _7\"></span>ncial a<span class=\"_ _7\"></span>ssets is du<span class=\"_ _7\"></span>e withi<span class=\"_ _7\"></span>n one year<span class=\"_ _9\"></span>. An a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>is of the cred<span class=\"_ _7\"></span>it risk a<span class=\"_ _7\"></span>nd contra<span class=\"_ _7\"></span>ctual m<span class=\"_ _7\"></span>aturit<span class=\"_ _7\"></span>y profile<span class=\"_ _7\"></span>s of the Group\u2019<span class=\"_ _a\"></span>s fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial instr<span class=\"_ _7\"></span>ume<span class=\"_ _7\"></span>nts is given in n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>s<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>3.3(<span class=\"_ _9\"></span>d) an<span class=\"_ _7\"></span>d 3.3(<span class=\"_ _9\"></span>e)<span class=\"_ _9\"></span>. Financial liabilit<span class=\"_ _9\"></span>ies of the<span class=\"_ _9\"></span> Group are<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>Note<span class=\"_ _304\"> </span><table class=\"s w445 hc2\" id=\"_bcf72cad-b883-472c-b6ab-daa3693171cf\"><tr><td></td><td></td><td class=\"t m0 x1fb h43 y2082 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2082 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x201 h43 y2083 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y2083 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed8 w454 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></div></td><td class=\"c n x854 y1f89 w3a8 h94\"><div class=\"t m0 x1b6 he y1e7b ff5f fs28 fc2 sc0 ls149 ws1f2\">16<span class=\"_ _304\"> </span></div></td><td class=\"c n x855 y1ed8 w436 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x856 y1ed8 w177 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w455 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Finan<span class=\"_ _7\"></span>cial liab<span class=\"_ _7\"></span>ilities c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at fai<span class=\"_ _7\"></span>r value<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x81f y1e80 w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x857 y1e80 w456 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table><table class=\"s w445 hc3\" id=\"_9c8e7f80-6dfb-4382-a09a-8c5f726aec17\"><tr><td></td><td class=\"t m0 x1fb h43 y2084 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2084 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2085 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y2085 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed4 w457 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws93\">Borrowings<span class=\"_ _304\"> </span></div></td><td class=\"c n x858 y1ed4 w458 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x78f y1ed4 w384 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsde ws144\">6<span class=\"_ _7\"></span>28.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2086 w459 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accr<span class=\"_ _7\"></span>ued intere<span class=\"_ _7\"></span>st on bo<span class=\"_ _7\"></span>rrowings<span class=\"_ _304\"> </span></div></td><td class=\"c n x859 y2086 w109 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x85a y2086 w45a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w45b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Finan<span class=\"_ _7\"></span>cial liab<span class=\"_ _7\"></span>ilities c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>ied at am<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tise<span class=\"_ _7\"></span>d cost<span class=\"_ _304\"> </span></div></td><td class=\"c n x85b y1ed8 w45c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">67<span class=\"_ _a\"></span>4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x85c y1ed8 w45d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">6<span class=\"_ _7\"></span>35.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w45e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsa3\">T<span class=\"_ _a\"></span>ota<span class=\"_ _7\"></span>l financia<span class=\"_ _7\"></span>l liabilitie<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x85d y1e80 wa8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls140 ws226\">6<span class=\"_ _8\"></span>74<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x85e y1e80 w20f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">6<span class=\"_ _7\"></span>36.2<span class=\"_ _304\"> </span></div></td></tr></table>All of the fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>ial lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es car<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>d at fair val<span class=\"_ _7\"></span>ue are due w<span class=\"_ _7\"></span>ithin on<span class=\"_ _7\"></span>e year a<span class=\"_ _7\"></span>nd all the bo<span class=\"_ _7\"></span>rrowing<span class=\"_ _7\"></span>s are due af<span class=\"_ _7\"></span>ter on<span class=\"_ _7\"></span>e year<span class=\"_ _9\"></span>. Accrue<span class=\"_ _7\"></span>d interest o<span class=\"_ _7\"></span>n long-term d<span class=\"_ _7\"></span>ebt is due w<span class=\"_ _7\"></span>ithin on<span class=\"_ _7\"></span>e year<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>On 2<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novem<span class=\"_ _7\"></span>ber<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>201<span class=\"_ _a\"></span>5, the Grou<span class=\"_ _7\"></span>p issue<span class=\"_ _7\"></span>d \u00a327<span class=\"_ _9\"></span>5.<span class=\"_ _9\"></span>0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion 6.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>25<span class=\"_ _a\"></span>% fi<span class=\"_ _7\"></span>xed-t<span class=\"_ _9\"></span>o-floating r<span class=\"_ _7\"></span>ate callab<span class=\"_ _7\"></span>le subo<span class=\"_ _7\"></span>rdinated notes du<span class=\"_ _7\"></span>e 2045,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>with a fir<span class=\"_ _7\"></span>st cal<span class=\"_ _7\"></span>l date of 2<span class=\"_ _9\"></span>025<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es b<span class=\"_ _7\"></span>ear i<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rest from, an<span class=\"_ _7\"></span>d inclu<span class=\"_ _7\"></span>ding, 2<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novemb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>5 at a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>fixed rate of 6.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>% per a<span class=\"_ _7\"></span>nnum a<span class=\"_ _7\"></span>nnual<span class=\"_ _7\"></span>ly in ar<span class=\"_ _7\"></span>rear<span class=\"_ _7\"></span>s star<span class=\"_ _7\"></span>ting <span class=\"ls8 ws4\"> </span>2<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novemb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>6 up until the fi<span class=\"_ _7\"></span>rst ca<span class=\"_ _7\"></span>ll date in Novembe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>5 an<span class=\"_ _7\"></span>d thereaf<span class=\"_ _7\"></span>ter at a fl<span class=\"_ _7\"></span>oating rate of interest e<span class=\"_ _7\"></span>qual to the sum of com<span class=\"_ _7\"></span>pound<span class=\"_ _7\"></span>ed dai<span class=\"_ _7\"></span>ly Sterli<span class=\"_ _7\"></span>ng Over<span class=\"_ _7\"></span>night In<span class=\"_ _7\"></span>dex Av<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>age (SONIA), the referen<span class=\"_ _7\"></span>ce rate adjustm<span class=\"_ _7\"></span>ent of 0.<span class=\"_ _20\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>9<span class=\"_ _7\"></span>3<span class=\"_ _9\"></span>% and a m<span class=\"_ _7\"></span>argin of 5.0<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>6%<span class=\"_ _9\"></span> payable q<span class=\"_ _7\"></span>uar<span class=\"_ _7\"></span>terl<span class=\"_ _7\"></span>y in arre<span class=\"_ _7\"></span>ars o<span class=\"_ _7\"></span>n each flo<span class=\"_ _7\"></span>ating interes<span class=\"_ _7\"></span>t payment d<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>On 25<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Novemb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>, the notes we<span class=\"_ _7\"></span>re admit<span class=\"_ _7\"></span>ted for tradin<span class=\"_ _7\"></span>g on the Lond<span class=\"_ _7\"></span>on Stock E<span class=\"_ _7\"></span>xchang<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s regul<span class=\"_ _7\"></span>ated market. The n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es we<span class=\"_ _7\"></span>re <span class=\"ls8 ws4\"> </span>rated BBB<span class=\"_ _7\"></span>- by S&amp;P as well a<span class=\"_ _7\"></span>s by Fitch.<span class=\"_ _304\"> </span>On 22<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Se<span class=\"_ _7\"></span>ptember<span class=\"_ gs2e8\"> </span><span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>022, t<span class=\"_ _9\"></span>he G<span class=\"_ _7\"></span>roup is<span class=\"_ _7\"></span>sued \u00a3<span class=\"_ _7\"></span>2<span class=\"_ _9\"></span>50.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n 6<span class=\"_ _9\"></span>% notes du<span class=\"_ _7\"></span>e Septembe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>. T<span class=\"_ _7\"></span>he notes will b<span class=\"_ _7\"></span>e rede<span class=\"_ _7\"></span>emed o<span class=\"_ _7\"></span>n the matur<span class=\"_ _7\"></span>ity d<span class=\"_ _7\"></span>ate at their pri<span class=\"_ _7\"></span>ncipa<span class=\"_ _7\"></span>l amount tog<span class=\"_ _7\"></span>ether wi<span class=\"_ _7\"></span>th accru<span class=\"_ _7\"></span>ed intere<span class=\"_ _7\"></span>st.<span class=\"_ _304\"> </span>The n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es b<span class=\"_ _7\"></span>ear i<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rest from, an<span class=\"_ _7\"></span>d inclu<span class=\"_ _7\"></span>ding, 22 Septemb<span class=\"_ _7\"></span>er 2022 at a fixed rate of 6<span class=\"_ _9\"></span>% pe<span class=\"_ _7\"></span>r annu<span class=\"_ _7\"></span>m annua<span class=\"_ _7\"></span>lly in a<span class=\"_ _7\"></span>rrea<span class=\"_ _7\"></span>rs star<span class=\"_ _7\"></span>tin<span class=\"_ _7\"></span>g 22<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Septemb<span class=\"_ _7\"></span>er 2022 until matur<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y on 22 Septemb<span class=\"_ _7\"></span>er 202<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>. On 22 Se<span class=\"_ _7\"></span>pt<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ber 2022<span class=\"_ _9\"></span>, the n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>es we<span class=\"_ _7\"></span>re admit<span class=\"_ _7\"></span>ted for tradin<span class=\"_ _7\"></span>g on the Luxem<span class=\"_ _7\"></span>bourg S<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>oc<span class=\"_ _7\"></span>k Excha<span class=\"_ _7\"></span>nge\u2019<span class=\"_ _a\"></span>s Eu<span class=\"_ _7\"></span>ro MTF<span class=\"_ _a\"></span>. The notes <span class=\"ls8 ws4\"> </span>were rated BB<span class=\"_ _7\"></span>B+ by S&amp;P as well a<span class=\"_ _7\"></span>s by Fitch.<span class=\"_ _304\"> </span>The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e of the borrowi<span class=\"_ _7\"></span>ngs is e<span class=\"_ _7\"></span>stimated at $681<span class=\"_ _a\"></span>.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$<span class=\"_ _7\"></span>62<span class=\"_ _9\"></span>3.<span class=\"_ _a\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n)<span class=\"_ _9\"></span>. The fai<span class=\"_ _7\"></span>r value me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>ment is <span class=\"ls8 ws4\"> </span>cla<span class=\"_ _7\"></span>ssifie<span class=\"_ _7\"></span>d withi<span class=\"_ _7\"></span>n Level 1 of the fair va<span class=\"_ _7\"></span>lue hie<span class=\"_ _7\"></span>rarchy<span class=\"_ _9\"></span>. The fa<span class=\"_ _7\"></span>ir value i<span class=\"_ _7\"></span>s estimated by refere<span class=\"_ _7\"></span>nce to the acti<span class=\"_ _7\"></span>vely trade<span class=\"_ _7\"></span>d value <span class=\"ls8 ws4\"> </span>on the<span class=\"_ _9\"></span> stock<span class=\"_ _9\"></span> ex<span class=\"_ _9\"></span>changes.<span class=\"_ _9\"></span> The i<span class=\"_ _7\"></span>ncrea<span class=\"_ _7\"></span>se in the ca<span class=\"_ _7\"></span>rr<span class=\"_ _7\"></span>yi<span class=\"_ _7\"></span>ng value of the b<span class=\"_ _7\"></span>orrowin<span class=\"_ _7\"></span>gs and ac<span class=\"_ _7\"></span>crue<span class=\"_ _7\"></span>d interest d<span class=\"_ _7\"></span>uring th<span class=\"_ _7\"></span>e year co<span class=\"_ _7\"></span>mpris<span class=\"_ _7\"></span>es a drawdown of n<span class=\"_ _7\"></span>ew<span class=\"_ _9\"></span> bor<span class=\"_ _7\"></span>rowings of $n<span class=\"_ _7\"></span>il (2<span class=\"_ _9\"></span>022: $2<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>9.<span class=\"_ _20\"></span>1 mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>, repaym<span class=\"_ _7\"></span>ent of sho<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>m borrowin<span class=\"_ _7\"></span>gs of $nil (2022<span class=\"_ _9\"></span>: repay<span class=\"_ _7\"></span>ment of $33<span class=\"_ _7\"></span>6.<span class=\"_ _9\"></span>6 mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>, the amo<span class=\"_ _7\"></span>rti<span class=\"_ _7\"></span>sation of the di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>e bet<span class=\"_ _7\"></span>ween the n<span class=\"_ _7\"></span>et proce<span class=\"_ _7\"></span>eds rec<span class=\"_ _7\"></span>eived a<span class=\"_ _7\"></span>nd the red<span class=\"_ _7\"></span>emption a<span class=\"_ _7\"></span>mounts of $<span class=\"_ _7\"></span>0<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>7 mill<span class=\"_ _7\"></span>ion (2022<span class=\"_ _9\"></span>: $0.9 million)<span class=\"_ _9\"></span>, the de<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e in accr<span class=\"_ _7\"></span>ued in<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ere<span class=\"_ _7\"></span>st of $0.<span class=\"_ _20\"></span>1 m<span class=\"_ _7\"></span>illion (2022<span class=\"_ _9\"></span>: inc<span class=\"_ _7\"></span>rease of $6.5 mi<span class=\"_ _7\"></span>llion) plus excha<span class=\"_ _7\"></span>nge movem<span class=\"_ _7\"></span>ents of $37<span class=\"_ _e\"></span>.9 mil<span class=\"_ _7\"></span>lion <span class=\"ls8 ws4\"> </span>(202<span class=\"_ _9\"></span>2: less excha<span class=\"_ _7\"></span>nge moveme<span class=\"_ _7\"></span>nts of $60.5 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Note<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>9 inclu<span class=\"_ _7\"></span>des de<span class=\"_ _7\"></span>tails of the intere<span class=\"_ _7\"></span>st expe<span class=\"_ _7\"></span>nse for the ye<span class=\"_ _7\"></span>ar incl<span class=\"_ _7\"></span>uded in fi<span class=\"_ _7\"></span>nanc<span class=\"_ _7\"></span>e costs.<span class=\"_ _304\"> </span>Investme<span class=\"_ _7\"></span>nts at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er are de<span class=\"_ _7\"></span>nomi<span class=\"_ _7\"></span>nated in the foll<span class=\"_ _7\"></span>owing cur<span class=\"_ _7\"></span>renci<span class=\"_ _7\"></span>es at the<span class=\"_ _7\"></span>ir fair val<span class=\"_ _7\"></span>ue<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span><table class=\"s w45f hc4\" id=\"_878bd962-25af-4943-93d3-201e09de0369\"><tr><td></td><td class=\"t m0 x26c h43 y2087 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y2087 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y2088 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x6ff h44 y2088 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y2089 ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y208a w460 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3e ws47\">US Dollars<span class=\"_ _304\"> </span></div></td><td class=\"c n x85f y208a w461 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">4,<span class=\"_ _7\"></span>572.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x860 y208a w462 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls77 wsf1\">3,9<span class=\"_ _7\"></span>32<span class=\"_ _9\"></span>.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x861 y208b w200 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws247\">Ste<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>li<span class=\"_ _7\"></span>ng<span class=\"_ _304\"> </span></div></td><td class=\"c n x862 y208b w463 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">96<span class=\"_ _7\"></span>0.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x863 y208b w29b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">8<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y208c w464 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Euro<span class=\"_ _9\"></span> and other curr<span class=\"_ _9\"></span>encies<span class=\"_ _304\"> </span></div></td><td class=\"c n x864 y208c w219 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">8<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x863 y208c w465 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">6<span class=\"_ _7\"></span>72.7<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x865 y1fca w1cc h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x866 y1fca wa7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y208d ff5f fs7 fc2 sc0 ls85 ws84\">Equi<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s an<span class=\"_ _7\"></span>d inves<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt fu<span class=\"_ _7\"></span>nds<span class=\"ls8 ws4\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y1ed2 w460 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3e ws47\">US Dollars<span class=\"_ _304\"> </span></div></td><td class=\"c n x867 y1ed2 wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">8<span class=\"_ _7\"></span>4.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x1e9 y1ed2 w466 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">18<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x861 y1ed4 w200 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws247\">Ste<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>li<span class=\"_ _7\"></span>ng<span class=\"_ _304\"> </span></div></td><td class=\"c n x868 y1ed4 wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">84.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x869 y1ed4 w467 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">11<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y1ed7 w464 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Euro<span class=\"_ _9\"></span> and other curr<span class=\"_ _9\"></span>encies<span class=\"_ _304\"> </span></div></td><td class=\"c n x86a y1ed7 w5d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">36.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x86b y1ed7 w24b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">33.9<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x86c y1ed8 w226 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">205.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x86d y1ed8 w14e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w468 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsa3\">T<span class=\"_ _a\"></span>ota<span class=\"_ _7\"></span>l inv<span class=\"_ _9\"></span>es<span class=\"_ _7\"></span>tments<span class=\"_ _304\"> </span></div></td><td class=\"c n x86e y1e80 w448 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">6,<span class=\"_ _7\"></span>53<span class=\"_ _7\"></span>9.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x86f y1e80 w449 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">5<span class=\"_ _7\"></span>,76<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr></table>1<span class=\"_ _a\"></span>7 Fai<span class=\"_ _7\"></span>r value me<span class=\"_ _7\"></span>asu<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nts In acc<span class=\"_ _7\"></span>ordanc<span class=\"_ _7\"></span>e with IFRS 1<span class=\"_ _9\"></span>3 <span class=\"ff68\">Fair Value Meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt,</span> the fair val<span class=\"_ _7\"></span>ue of fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l instru<span class=\"_ _7\"></span>ments, bas<span class=\"_ _7\"></span>ed on a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>thre<span class=\"_ _7\"></span>e-level f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> hie<span class=\"_ _7\"></span>rarchy that ref<span class=\"_ _7\"></span>lec<span class=\"_ _7\"></span>ts the signi<span class=\"_ _7\"></span>fic<span class=\"_ _7\"></span>ance of the i<span class=\"_ _7\"></span>nputs us<span class=\"_ _7\"></span>ed in me<span class=\"_ _7\"></span>asur<span class=\"_ _7\"></span>ing the fai<span class=\"_ _7\"></span>r value, is set ou<span class=\"_ _7\"></span>t below<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>As at 31 Dece<span class=\"_ _7\"></span>mber 20<span class=\"_ _7\"></span>23<span class=\"_ _304\"> </span><table class=\"s w481 hc8\" id=\"_6495723b-9c4c-4782-a773-10641fc026dd\"><tr><td></td><td class=\"t m0 x89d h43 y20a4 ff64 fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 1<span class=\"_ _304\"> </span></td><td class=\"t m0 x89e h43 y20a4 ff64 fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 2<span class=\"_ _304\"> </span></td><td class=\"t m0 x89f h43 y20a4 ff64 fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 3<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y20a4 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3d7 h43 y20a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h43 y20a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h43 y20a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y20a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 h25 y20a6 ff64 fs7 fc2 sc0 ls3c ws45\">Financial assets<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2051 w1c6 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a0 y2051 w17 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a1 y2051 w482 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws199\">5,03<span class=\"_ _7\"></span>3.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a2 y2051 wa4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6<span class=\"_ _7\"></span>4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a3 y2051 w483 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333<span class=\"_ _9\"></span>.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2052 w446 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Equi<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s an<span class=\"_ _7\"></span>d inves<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt fu<span class=\"_ _7\"></span>nds<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y2052 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a4 y2052 w23b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsad wsca\">17<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a5 y2052 w484 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">3<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a6 y2052 w22 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20<span class=\"_ _7\"></span>5.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2053 w162 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">Insurance-linked funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y2053 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x885 y2053 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a7 y2053 w5d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">35.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a8 y2053 w188 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">35.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2054 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a9 y2054 w17 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 ws10a\">1,<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x8aa y2054 w485 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws155\">5<span class=\"_ _7\"></span>,20<span class=\"_ _7\"></span>8.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ab y2054 w486 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws1da\">13<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ac y2054 w71 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws155\">6<span class=\"_ _7\"></span>,57<span class=\"_ _a\"></span>4.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y20a7 ff64 fs7 fc2 sc0 ls7c ws89\">Financial liabilities<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1ed8 w454 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ad y1ed8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ae y1ed8 w436 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8af y1ed8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b0 y1ed8 w179 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1e80 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b1 y1e80 w424 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b2 y1e80 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b3 y1e80 w68 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td></tr></table>As at 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2022<span class=\"_ _304\"> </span><table class=\"s w487 hc9\" id=\"_dc99fc47-208f-4e2b-8a32-1e1c199b7610\"><tr><td></td><td class=\"t m0 x89d h44 y20a8 ff5f fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 1<span class=\"_ _304\"> </span></td><td class=\"t m0 x8b4 h44 y20a8 ff5f fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 2<span class=\"_ _304\"> </span></td><td class=\"t m0 x89f h44 y20a8 ff5f fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 3<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y20a8 ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3d7 h44 y20a9 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h44 y20a9 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h44 y20a9 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y20a9 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 he y20aa ff5f fs7 fc2 sc0 ls39 ws43\">Financial assets<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2050 w1c6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b5 y2050 w488 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b6 y2050 w489 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>2<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b7 y2050 w264 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">6<span class=\"_ _2c\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b8 y2050 wa7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e73 w446 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Equi<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s an<span class=\"_ _7\"></span>d inves<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt fu<span class=\"_ _7\"></span>nds<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1e73 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b9 y1e73 w48a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">3<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ba y1e73 w374 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8bb y1e73 w14e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ab w162 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">Insurance-linked funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y20ab w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x885 y20ab w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a7 y20ab w48b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">4<span class=\"_ _7\"></span>5.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8bc y20ab w48c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">45.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2053 w454 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ad y2053 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8bd y2053 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x8be y2053 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8bf y2053 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ac w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c0 y20ac w488 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>2<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c1 y20ac wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4,5<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c2 y20ac w48d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">13<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c3 y20ac w48e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y1f96 ff5f fs7 fc2 sc0 ls3b ws44\">Financial liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1ed8 w454 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ad y1ed8 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c4 y1ed8 w110 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c5 y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c6 y1ed8 w177 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1e80 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x896 y1e80 w47e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c7 y1e80 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x837 y1e80 w456 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>The l<span class=\"_ _7\"></span>evels of the fai<span class=\"_ _7\"></span>r value hi<span class=\"_ _7\"></span>erarc<span class=\"_ _7\"></span>hy are define<span class=\"_ _7\"></span>d by the stand<span class=\"_ _7\"></span>ard as foll<span class=\"_ _7\"></span>ows<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _20\"></span> <span class=\"_ _24\"></span>Leve<span class=\"_ _7\"></span>l 1 \u2013 fair valu<span class=\"_ _7\"></span>es me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d using qu<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>d price<span class=\"_ _7\"></span>s (unadjus<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>d) in active m<span class=\"_ _7\"></span>arkets for ide<span class=\"_ _7\"></span>ntical i<span class=\"_ _7\"></span>nstrum<span class=\"_ _7\"></span>ents;<span class=\"_ _304\"> </span>A<span class=\"_ _8\"> </span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _a\"></span> <span class=\"_ _24\"></span>Level 2 \u2013 fair va<span class=\"_ _7\"></span>lues m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>red usin<span class=\"_ _7\"></span>g direc<span class=\"_ _7\"></span>tly or indi<span class=\"_ _7\"></span>rectly o<span class=\"_ _7\"></span>bser<span class=\"_ _7\"></span>vab<span class=\"_ _7\"></span>le inpu<span class=\"_ _7\"></span>ts or other si<span class=\"_ _7\"></span>milar va<span class=\"_ _7\"></span>luation tec<span class=\"_ _7\"></span>hniqu<span class=\"_ _7\"></span>es for <span class=\"ls8 ws4\"> </span></span>whi<span class=\"_ _7\"></span>ch all si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant inp<span class=\"_ _7\"></span>uts are bas<span class=\"_ _7\"></span>ed on ma<span class=\"_ _7\"></span>rket obse<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vable dat<span class=\"_ _7\"></span>a;<span class=\"_ _304\"> </span>A <span class=\"_ _20\"></span> <span class=\"_ _24\"></span>Leve<span class=\"_ _7\"></span>l 3 \u2013 fair valu<span class=\"_ _7\"></span>es me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d using val<span class=\"_ _7\"></span>uation tech<span class=\"_ _7\"></span>nique<span class=\"_ _7\"></span>s for whi<span class=\"_ _7\"></span>ch sig<span class=\"_ _7\"></span>nifica<span class=\"_ _7\"></span>nt inpu<span class=\"_ _7\"></span>ts are not base<span class=\"_ _7\"></span>d on mar<span class=\"_ _7\"></span>ket<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>obser<span class=\"_ _7\"></span>vable<span class=\"_ _9\"></span> data.<span class=\"_ _9\"></span> The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>es of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s financ<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>sets are t<span class=\"_ _7\"></span>ypic<span class=\"_ _7\"></span>ally b<span class=\"_ _7\"></span>ased o<span class=\"_ _7\"></span>n pric<span class=\"_ _7\"></span>es from nu<span class=\"_ _7\"></span>merou<span class=\"_ _7\"></span>s indep<span class=\"_ _7\"></span>ende<span class=\"_ _7\"></span>nt pri<span class=\"_ _7\"></span>cing se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice<span class=\"_ _7\"></span>s. The pri<span class=\"_ _7\"></span>cing se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice<span class=\"_ _7\"></span>s used by the i<span class=\"_ _7\"></span>nvestment m<span class=\"_ _7\"></span>anag<span class=\"_ _7\"></span>er obtain a<span class=\"_ _7\"></span>ctual tra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>on pric<span class=\"_ _7\"></span>es for se<span class=\"_ _7\"></span>curi<span class=\"_ _7\"></span>ties that h<span class=\"_ _7\"></span>ave quot<span class=\"_ _9\"></span>ed p<span class=\"_ _7\"></span>rice<span class=\"_ _7\"></span>s in acti<span class=\"_ _7\"></span>ve<span class=\"_ _9\"></span> market<span class=\"_ _9\"></span>s. For t<span class=\"_ _9\"></span>hose securities which are no<span class=\"_ _9\"></span>t actively t<span class=\"_ _9\"></span>raded, t<span class=\"_ _9\"></span>he pricing ser<span class=\"_ _7\"></span>vices use common market<span class=\"_ _9\"></span> valuation pricing models<span class=\"_ _9\"></span>. Obs<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vabl<span class=\"_ _7\"></span>e inputs us<span class=\"_ _7\"></span>ed in co<span class=\"_ _7\"></span>mmon ma<span class=\"_ _7\"></span>rket valuati<span class=\"_ _7\"></span>on pric<span class=\"_ _7\"></span>ing mod<span class=\"_ _7\"></span>els inc<span class=\"_ _7\"></span>lude, but a<span class=\"_ _7\"></span>re not limited to, broker quotes, cred<span class=\"_ _7\"></span>it ratings, interest r<span class=\"_ _7\"></span>ates and yi<span class=\"_ _7\"></span>eld cur<span class=\"_ _7\"></span>ve<span class=\"_ _7\"></span>s, prepaym<span class=\"_ _7\"></span>ent spe<span class=\"_ _7\"></span>eds, def<span class=\"_ _7\"></span>ault rates a<span class=\"_ _7\"></span>nd other suc<span class=\"_ _7\"></span>h inpu<span class=\"_ _7\"></span>ts which a<span class=\"_ _7\"></span>re availab<span class=\"_ _7\"></span>le from ma<span class=\"_ _7\"></span>rket sourc<span class=\"_ _7\"></span>es. Investme<span class=\"_ _7\"></span>nts in mutu<span class=\"_ _7\"></span>al fun<span class=\"_ _7\"></span>ds comp<span class=\"_ _7\"></span>rise a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>p<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tfol<span class=\"_ _7\"></span>io of stock investme<span class=\"_ _7\"></span>nts in tradin<span class=\"_ _7\"></span>g entitie<span class=\"_ _7\"></span>s whic<span class=\"_ _7\"></span>h are invested in va<span class=\"_ _7\"></span>rious q<span class=\"_ _7\"></span>uoted and u<span class=\"_ _7\"></span>nquoted investm<span class=\"_ _7\"></span>ents. The fa<span class=\"_ _7\"></span>ir value of th<span class=\"_ _7\"></span>ese investm<span class=\"_ _7\"></span>ent fu<span class=\"_ _7\"></span>nds is bas<span class=\"_ _7\"></span>ed on the n<span class=\"_ _7\"></span>et asset va<span class=\"_ _7\"></span>lue of the fu<span class=\"_ _7\"></span>nd as rep<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>ted by<span class=\"_ _9\"></span> inde<span class=\"_ _7\"></span>pen<span class=\"_ _7\"></span>dent pr<span class=\"_ _7\"></span>icing s<span class=\"_ _7\"></span>ource<span class=\"_ _7\"></span>s or the fun<span class=\"_ _7\"></span>d mana<span class=\"_ _7\"></span>ger<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>Incl<span class=\"_ _7\"></span>uded w<span class=\"_ _7\"></span>ithin Level 1 of the fa<span class=\"_ _7\"></span>ir value h<span class=\"_ _7\"></span>iera<span class=\"_ _7\"></span>rchy are ce<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>ain gover<span class=\"_ _7\"></span>nment b<span class=\"_ _7\"></span>onds, trea<span class=\"_ _7\"></span>sur<span class=\"_ _7\"></span>y bill<span class=\"_ _7\"></span>s, corpo<span class=\"_ _7\"></span>rate bonds hav<span class=\"_ _7\"></span>ing a quoted pri<span class=\"_ _7\"></span>ce in acti<span class=\"_ _7\"></span>ve markets, and excha<span class=\"_ _7\"></span>nge-trade<span class=\"_ _7\"></span>d equi<span class=\"_ _7\"></span>ties wh<span class=\"_ _7\"></span>ich are me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d base<span class=\"_ _7\"></span>d on quoted pr<span class=\"_ _7\"></span>ices i<span class=\"_ _7\"></span>n active mar<span class=\"_ _7\"></span>kets.<span class=\"_ _9\"></span> The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e of the borrowi<span class=\"_ _7\"></span>ngs ca<span class=\"_ _7\"></span>rrie<span class=\"_ _7\"></span>d at amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed cos<span class=\"_ _7\"></span>t is estimated at $<span class=\"_ _7\"></span>68<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$623.<span class=\"_ _20\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>m<span class=\"_ _7\"></span>illion) and i<span class=\"_ _7\"></span>s consi<span class=\"_ _7\"></span>dered <span class=\"ls8 ws4\"> </span>as Level 1 in th<span class=\"_ _7\"></span>e fair val<span class=\"_ _7\"></span>ue hie<span class=\"_ _7\"></span>rarchy<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Level 2 of the hi<span class=\"_ _7\"></span>erarchy c<span class=\"_ _7\"></span>ontain<span class=\"_ _7\"></span>s cer<span class=\"_ _7\"></span>tai<span class=\"_ _7\"></span>n governm<span class=\"_ _7\"></span>ent bon<span class=\"_ _7\"></span>ds, US govern<span class=\"_ _7\"></span>ment ag<span class=\"_ _7\"></span>encie<span class=\"_ _7\"></span>s, corp<span class=\"_ _7\"></span>orate secu<span class=\"_ _7\"></span>ritie<span class=\"_ _7\"></span>s, asset-backed sec<span class=\"_ _7\"></span>uritie<span class=\"_ _7\"></span>s and m<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tgage-ba<span class=\"_ _7\"></span>cked secu<span class=\"_ _7\"></span>ritie<span class=\"_ _7\"></span>s. The fa<span class=\"_ _7\"></span>ir value of the<span class=\"_ _7\"></span>se as<span class=\"_ _7\"></span>sets is base<span class=\"_ _7\"></span>d on the pr<span class=\"_ _7\"></span>ices o<span class=\"_ _7\"></span>btaine<span class=\"_ _7\"></span>d from ind<span class=\"_ _7\"></span>epe<span class=\"_ _7\"></span>ndent pri<span class=\"_ _7\"></span>cing sou<span class=\"_ _7\"></span>rces, investm<span class=\"_ _7\"></span>ent ma<span class=\"_ _7\"></span>nager<span class=\"_ _7\"></span>s and inve<span class=\"_ _7\"></span>stment cu<span class=\"_ _7\"></span>stodians a<span class=\"_ _7\"></span>s discus<span class=\"_ _7\"></span>sed a<span class=\"_ _7\"></span>bove<span class=\"_ _9\"></span>. T<span class=\"_ _7\"></span>he Group re<span class=\"_ _7\"></span>cords th<span class=\"_ _7\"></span>e unadju<span class=\"_ _7\"></span>sted pric<span class=\"_ _7\"></span>e provid<span class=\"_ _7\"></span>ed and va<span class=\"_ _7\"></span>lidates the pr<span class=\"_ _7\"></span>ice thro<span class=\"_ _7\"></span>ugh a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>num<span class=\"_ _7\"></span>ber of meth<span class=\"_ _7\"></span>ods incl<span class=\"_ _7\"></span>uding a<span class=\"_ gs2e8\"> </span><span class=\"_ _9\"></span>compar<span class=\"_ _7\"></span>ison of the p<span class=\"_ _7\"></span>rice<span class=\"_ _7\"></span>s provide<span class=\"_ _7\"></span>d by the investme<span class=\"_ _7\"></span>nt man<span class=\"_ _7\"></span>ager<span class=\"_ _7\"></span>s with the inves<span class=\"_ _7\"></span>tment cu<span class=\"_ _7\"></span>st<span class=\"_ _9\"></span>od<span class=\"_ _7\"></span>ians a<span class=\"_ _7\"></span>nd the valuati<span class=\"_ _7\"></span>on use<span class=\"_ _7\"></span>d by e<span class=\"_ _9\"></span>x<span class=\"_ _7\"></span>terna<span class=\"_ _7\"></span>l par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o de<span class=\"_ _7\"></span>rive fai<span class=\"_ _7\"></span>r value. Qu<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>ed p<span class=\"_ _7\"></span>rice<span class=\"_ _7\"></span>s for US govern<span class=\"_ _7\"></span>ment ag<span class=\"_ _7\"></span>enci<span class=\"_ _7\"></span>es and c<span class=\"_ _7\"></span>orpo<span class=\"_ _7\"></span>rate secur<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>re based o<span class=\"_ _7\"></span>n a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>limi<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed n<span class=\"_ _7\"></span>umbe<span class=\"_ _7\"></span>r of transac<span class=\"_ _7\"></span>tions for tho<span class=\"_ _7\"></span>se secu<span class=\"_ _7\"></span>ritie<span class=\"_ _7\"></span>s and as s<span class=\"_ _7\"></span>uch <span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _7\"></span>up cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>s these in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nts to have simila<span class=\"_ _7\"></span>r charac<span class=\"_ _7\"></span>teristic<span class=\"_ _7\"></span>s to those instr<span class=\"_ _7\"></span>uments c<span class=\"_ _7\"></span>lassi<span class=\"_ _7\"></span>fied as Leve<span class=\"_ _7\"></span>l 2<span class=\"_ _9\"></span>. Als<span class=\"_ _7\"></span>o includ<span class=\"_ _7\"></span>ed withi<span class=\"_ _7\"></span>n Level 2 are un<span class=\"_ _7\"></span>its held i<span class=\"_ _7\"></span>n colle<span class=\"_ _7\"></span>ctive investm<span class=\"_ _7\"></span>ent vehi<span class=\"_ _7\"></span>cles i<span class=\"_ _7\"></span>nvesting in trad<span class=\"_ _7\"></span>itiona<span class=\"_ _7\"></span>l and al<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rnative inves<span class=\"_ _7\"></span>tment strategi<span class=\"_ _7\"></span>es an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>ov<span class=\"_ _9\"></span>er<span class=\"_ _9\"></span>-<span class=\"_ _9\"></span>the-coun<span class=\"_ _9\"></span>ter d<span class=\"_ _9\"></span>erivativ<span class=\"_ _9\"></span>es.<span class=\"_ _304\"> </span>Level 3 co<span class=\"_ _7\"></span>ntains inve<span class=\"_ _7\"></span>stments in li<span class=\"_ _7\"></span>mited par<span class=\"_ _7\"></span>tn<span class=\"_ _7\"></span>ersh<span class=\"_ _7\"></span>ips, unqu<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>ed e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y sec<span class=\"_ _7\"></span>uritie<span class=\"_ _7\"></span>s and in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce-li<span class=\"_ _7\"></span>nked fun<span class=\"_ _7\"></span>ds whic<span class=\"_ _7\"></span>h have limited obse<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vable i<span class=\"_ _7\"></span>nputs on w<span class=\"_ _7\"></span>hich to mea<span class=\"_ _7\"></span>sure fai<span class=\"_ _7\"></span>r value. Unqu<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>ed e<span class=\"_ _7\"></span>quiti<span class=\"_ _7\"></span>es, inclu<span class=\"_ _7\"></span>ding e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y instru<span class=\"_ _7\"></span>ments in l<span class=\"_ _7\"></span>imited par<span class=\"_ _7\"></span>tn<span class=\"_ _7\"></span>ersh<span class=\"_ _7\"></span>ips, are car<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>d at fair valu<span class=\"_ _7\"></span>e. Fair value is d<span class=\"_ _7\"></span>etermin<span class=\"_ _7\"></span>ed to be net ass<span class=\"_ _7\"></span>et value for th<span class=\"_ _7\"></span>e limited pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tners<span class=\"_ _7\"></span>hips, and fo<span class=\"_ _7\"></span>r the equ<span class=\"_ _7\"></span>ity h<span class=\"_ _7\"></span>olding<span class=\"_ _7\"></span>s it is determ<span class=\"_ _7\"></span>ined to be the l<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>st availab<span class=\"_ _7\"></span>le traded p<span class=\"_ _7\"></span>rice. T<span class=\"_ _7\"></span>he ef<span class=\"_ _7\"></span>fect of ch<span class=\"_ _7\"></span>angin<span class=\"_ _7\"></span>g one or mo<span class=\"_ _7\"></span>re inputs u<span class=\"_ _7\"></span>sed in the m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nt of fair <span class=\"ls8 ws4\"> </span>value of th<span class=\"_ _7\"></span>ese instr<span class=\"_ _7\"></span>ume<span class=\"_ _7\"></span>nts t<span class=\"_ _9\"></span>o an<span class=\"_ _7\"></span>other rea<span class=\"_ _7\"></span>sonab<span class=\"_ _7\"></span>ly pos<span class=\"_ _7\"></span>sible a<span class=\"_ _7\"></span>ssum<span class=\"_ _7\"></span>ption would not be s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant. At 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023,<span class=\"_ _9\"></span> the ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e-linke<span class=\"_ _7\"></span>d funds of $<span class=\"_ _7\"></span>35.<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion repre<span class=\"_ _7\"></span>sent th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s i<span class=\"_ _7\"></span>nvestment in th<span class=\"_ _7\"></span>e unco<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated Kisk<span class=\"_ _7\"></span>adee f<span class=\"_ _7\"></span>unds (202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$45.3<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n) as desc<span class=\"_ _7\"></span>ribe<span class=\"_ _7\"></span>d in note 1<span class=\"_ _a\"></span>4<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e of the Kis<span class=\"_ _7\"></span>kadee f<span class=\"_ _7\"></span>unds is e<span class=\"_ _7\"></span>stimated to be the net a<span class=\"_ _7\"></span>sset val<span class=\"_ _7\"></span>ue as at the ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e shee<span class=\"_ _7\"></span>t date<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>e net as<span class=\"_ _7\"></span>set value <span class=\"ls8 ws4\"> </span>is bas<span class=\"_ _7\"></span>ed on the fa<span class=\"_ _7\"></span>ir value of the a<span class=\"_ _7\"></span>ssets an<span class=\"_ _7\"></span>d liabi<span class=\"_ _7\"></span>litie<span class=\"_ _7\"></span>s in the fun<span class=\"_ _7\"></span>d. The maj<span class=\"_ _7\"></span>orit<span class=\"_ _7\"></span>y of the as<span class=\"_ _7\"></span>sets of the fun<span class=\"_ _7\"></span>ds are ca<span class=\"_ _7\"></span>sh and c<span class=\"_ _7\"></span>ash equ<span class=\"_ _7\"></span>ivale<span class=\"_ _7\"></span>nts. Signifi<span class=\"_ _7\"></span>cant in<span class=\"_ _7\"></span>puts an<span class=\"_ _7\"></span>d assum<span class=\"_ _7\"></span>ptions in ca<span class=\"_ _7\"></span>lcul<span class=\"_ _7\"></span>ating the fai<span class=\"_ _7\"></span>r value of the as<span class=\"_ _7\"></span>sets and l<span class=\"_ _7\"></span>iabil<span class=\"_ _7\"></span>ities as<span class=\"_ _7\"></span>soci<span class=\"_ _7\"></span>ated with rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts wri<span class=\"_ _7\"></span>tten by the K<span class=\"_ _7\"></span>iskade<span class=\"_ _7\"></span>e fun<span class=\"_ _7\"></span>ds inclu<span class=\"_ _7\"></span>de the am<span class=\"_ _7\"></span>ount an<span class=\"_ _7\"></span>d timing of cla<span class=\"_ _7\"></span>ims payabl<span class=\"_ _7\"></span>e in resp<span class=\"_ _7\"></span>ect of cl<span class=\"_ _7\"></span>aims inc<span class=\"_ _7\"></span>urred a<span class=\"_ _7\"></span>nd pe<span class=\"_ _7\"></span>riods of unexp<span class=\"_ _7\"></span>ired ris<span class=\"_ _7\"></span>k. The G<span class=\"_ _7\"></span>roup has c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s in the net a<span class=\"_ _7\"></span>sset valu<span class=\"_ _7\"></span>ation of the Ki<span class=\"_ _7\"></span>skade<span class=\"_ _7\"></span>e fund<span class=\"_ _7\"></span>s if reas<span class=\"_ _7\"></span>onab<span class=\"_ _7\"></span>ly dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nt inpu<span class=\"_ _7\"></span>ts<span class=\"_ _9\"></span> and a<span class=\"_ _7\"></span>ssumptio<span class=\"_ _7\"></span>ns were use<span class=\"_ _7\"></span>d and ha<span class=\"_ _7\"></span>s found that a<span class=\"_ _7\"></span>n 1<span class=\"_ _20\"></span>1<span class=\"_ _a\"></span>% ch<span class=\"_ _7\"></span>ange to the fa<span class=\"_ _7\"></span>ir value of the li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties woul<span class=\"_ _7\"></span>d incre<span class=\"_ _7\"></span>ase or de<span class=\"_ _7\"></span>crea<span class=\"_ _7\"></span>se the fair value of f<span class=\"_ _7\"></span>unds by $3.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion.<span class=\"_ _304\"> </span>In ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain ca<span class=\"_ _7\"></span>ses, the in<span class=\"_ _7\"></span>puts use<span class=\"_ _7\"></span>d to measure th<span class=\"_ _7\"></span>e fair valu<span class=\"_ _7\"></span>e of a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>finan<span class=\"_ _7\"></span>cial in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nt may fall i<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>o more th<span class=\"_ _7\"></span>an one l<span class=\"_ _7\"></span>evel withi<span class=\"_ _7\"></span>n the fair value h<span class=\"_ _7\"></span>iera<span class=\"_ _7\"></span>rchy<span class=\"_ _a\"></span>. In th<span class=\"_ _7\"></span>is insta<span class=\"_ _7\"></span>nce, the fair va<span class=\"_ _7\"></span>lue of the ins<span class=\"_ _7\"></span>trume<span class=\"_ _7\"></span>nt in its entiret<span class=\"_ _7\"></span>y is cl<span class=\"_ _7\"></span>assi<span class=\"_ _7\"></span>fied bas<span class=\"_ _7\"></span>ed on the l<span class=\"_ _7\"></span>owest level of inp<span class=\"_ _7\"></span>ut that is sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt to t<span class=\"_ _9\"></span>he f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s po<span class=\"_ _7\"></span>licy is to reco<span class=\"_ _7\"></span>gnise tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>s into and transfe<span class=\"_ _7\"></span>rs ou<span class=\"_ _7\"></span>t of fair value h<span class=\"_ _7\"></span>iera<span class=\"_ _7\"></span>rchy levels at the e<span class=\"_ _7\"></span>nd of the rel<span class=\"_ _7\"></span>evant repor<span class=\"_ _7\"></span>tin<span class=\"_ _7\"></span>g per<span class=\"_ _7\"></span>iod du<span class=\"_ _7\"></span>ring wh<span class=\"_ _7\"></span>ich the tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>s are dee<span class=\"_ _7\"></span>med to have occu<span class=\"_ _7\"></span>rred. Du<span class=\"_ _7\"></span>ring the ye<span class=\"_ _7\"></span>ar<span class=\"_ _a\"></span>, inves<span class=\"_ _7\"></span>tments of $26.<span class=\"_ _9\"></span>0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion (2022<span class=\"_ _9\"></span>: $2<span class=\"_ _9\"></span>5.9 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>) were tran<span class=\"_ _7\"></span>sferre<span class=\"_ _7\"></span>d from Level 2 to Level 3 du<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o ins<span class=\"_ _7\"></span>uf<span class=\"_ _7\"></span>ficie<span class=\"_ _7\"></span>nt obse<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vable dat<span class=\"_ _7\"></span>a being avai<span class=\"_ _7\"></span>labl<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, as a re<span class=\"_ _7\"></span>sult of re<span class=\"_ _7\"></span>duce<span class=\"_ _7\"></span>d trading volu<span class=\"_ _7\"></span>mes.<span class=\"_ _304\"> </span>The below table<span class=\"_ _9\"></span> sets f<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>th a<span class=\"_ _9\"></span><span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>reconciliation<span class=\"_ _9\"></span> of opening and<span class=\"_ _9\"></span> closing balances for<span class=\"_ _9\"></span> financial instruments<span class=\"_ _9\"></span> classified under Lev<span class=\"_ _9\"></span>el 3 <span class=\"ls8 ws4\"> </span>of the fair va<span class=\"_ _7\"></span>lue hie<span class=\"_ _7\"></span>rarchy:<span class=\"_ _304\"> </span><table class=\"s w48f hca\" id=\"_cf2ba84c-6849-4e01-9cd5-a487df4ec3d3\"><tr><td></td><td class=\"t m0 x8c8 h43 y20ad ff64 fs28 fc2 sc0 ls145 ws1dc\">31<span class=\"_ _9\"></span> December<span class=\"_ _304\"> </span></td><td class=\"t m0 x823 h44 y20ad ff5f fs28 fc2 sc0 lsa0 ws1e0\">3<span class=\"_ _9\"></span>1 December<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x26c h43 y20ae ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y20ae ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y20af ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y20af ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y20b0 w490 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Bala<span class=\"_ _7\"></span>nce at 1 Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c9 y20b0 w41 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ca y20b0 w491 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20b1 w492 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Fair valu<span class=\"_ _7\"></span>e losse<span class=\"_ _7\"></span>s throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cb y20b1 w493 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>5<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cc y20b1 w494 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(0<span class=\"_ _7\"></span>.4)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2054 w495 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange gains/<span class=\"_ _9\"></span>(losses)<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cd y2054 w2e7 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ce y2054 w496 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4.4)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa8 w497 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws120\">Set<span class=\"_ _7\"></span>tlem<span class=\"_ _7\"></span>ents<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cf y1fa8 w498 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d0 y1fa8 w499 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>7.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20b2 w49a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws98\">T<span class=\"_ _a\"></span>ransfers<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d1 y20b2 w188 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">26.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d2 y20b2 w49b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">25.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f09 w49c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls7c ws89\">Closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d3 y1f09 w426 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d4 y1f09 w49d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">13<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w49e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Net un<span class=\"_ _7\"></span>realis<span class=\"_ _7\"></span>ed gain<span class=\"_ _7\"></span>s in the per<span class=\"_ _7\"></span>iod on s<span class=\"_ _7\"></span>ecur<span class=\"_ _7\"></span>ities he<span class=\"_ _7\"></span>ld at the end of th<span class=\"_ _7\"></span>e peri<span class=\"_ _7\"></span>od<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d5 y1e80 w43b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d6 y1e80 w39 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">0.6<span class=\"_ _304\"> </span></div></td></tr></table>The c<span class=\"_ _7\"></span>losin<span class=\"_ _7\"></span>g bala<span class=\"_ _7\"></span>nce at year e<span class=\"_ _7\"></span>nd com<span class=\"_ _7\"></span>pris<span class=\"_ _7\"></span>ed $64.9 millio<span class=\"_ _7\"></span>n debt an<span class=\"_ _7\"></span>d fixed inco<span class=\"_ _7\"></span>me hold<span class=\"_ _7\"></span>ings (2022<span class=\"_ _9\"></span>: $67<span class=\"_ _e\"></span>.<span class=\"_ _a\"></span>1 mill<span class=\"_ _7\"></span>ion)<span class=\"_ _9\"></span>, $30.0 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> equ<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>nd investme<span class=\"_ _7\"></span>nt fund<span class=\"_ _7\"></span>s (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: $27<span class=\"_ _e\"></span>.3 m<span class=\"_ _7\"></span>illion) and $<span class=\"_ _7\"></span>35.<span class=\"_ _9\"></span>4 mill<span class=\"_ _7\"></span>ion insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e-linked f<span class=\"_ _7\"></span>unds (2022<span class=\"_ _9\"></span>: $45.3 mill<span class=\"_ _7\"></span>ion)<span class=\"_ _9\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-504": {
   "value": "1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span> T<span class=\"_ _a\"></span>r<span class=\"_ _7\"></span>ade and other receivables<span class=\"_ _304\"> </span><table class=\"s w445 hc5\" id=\"_f590a1ab-7b6b-43cb-a7b3-729ea1c6a2b4\"><tr><td></td><td></td><td class=\"t m0 x1fc h44 y208e ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1fb h43 y208f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1ff h44 y208f ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2090 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y2090 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2091 w469 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Prepaym<span class=\"_ _7\"></span>ents and a<span class=\"_ _7\"></span>ccru<span class=\"_ _7\"></span>ed inc<span class=\"_ _7\"></span>ome<span class=\"_ _304\"> </span></div></td><td class=\"c n x870 y2091 w2c9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">31.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x871 y2091 w54 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">30.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2092 ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>rad<span class=\"_ _7\"></span>e and other re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>vable<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y2093 w46a h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Acc<span class=\"_ _7\"></span>rue<span class=\"_ _7\"></span>d interest<span class=\"_ _304\"> </span></div></td><td class=\"c n x872 y2093 w203 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">55.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x873 y2093 wcc h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">3<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y2094 w46b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">O<span class=\"_ _7\"></span>ther de<span class=\"_ _7\"></span>bt<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>s includ<span class=\"_ _7\"></span>ing rel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ty a<span class=\"_ _7\"></span>mounts<span class=\"_ _304\"> </span></div></td><td class=\"c n x874 y2094 w46c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">119<span class=\"_ _2c\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x875 y2094 w46d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">9<span class=\"_ _7\"></span>3.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2095 w46e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al trade a<span class=\"_ _7\"></span>nd other re<span class=\"_ _7\"></span>ceivab<span class=\"_ _7\"></span>les<span class=\"_ _304\"> </span></div></td><td class=\"c n x876 y2095 w46f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x720 y2095 w470 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">16<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2096 ff5f fs7 fc2 sc0 ls38 ws41\">The a<span class=\"_ _7\"></span>mounts ex<span class=\"_ _7\"></span>pected to be rec<span class=\"_ _7\"></span>overed before a<span class=\"_ _7\"></span>nd af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r are es<span class=\"_ _7\"></span>timated as follows:<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f61 w450 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Within one<span class=\"_ _9\"></span> year<span class=\"_ _304\"> </span></div></td><td class=\"c n x843 y1f61 w471 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x794 y1f61 w63 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w451 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x877 y1e80 w472 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x878 y1e80 w6c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">48<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-501": {
   "value": "1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span> T<span class=\"_ _a\"></span>r<span class=\"_ _7\"></span>ade and other receivables<span class=\"_ _304\"> </span><table class=\"s w445 hc5\" id=\"_f590a1ab-7b6b-43cb-a7b3-729ea1c6a2b4\"><tr><td></td><td></td><td class=\"t m0 x1fc h44 y208e ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1fb h43 y208f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1ff h44 y208f ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2090 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y2090 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2091 w469 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Prepaym<span class=\"_ _7\"></span>ents and a<span class=\"_ _7\"></span>ccru<span class=\"_ _7\"></span>ed inc<span class=\"_ _7\"></span>ome<span class=\"_ _304\"> </span></div></td><td class=\"c n x870 y2091 w2c9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">31.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x871 y2091 w54 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">30.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2092 ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>rad<span class=\"_ _7\"></span>e and other re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>vable<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y2093 w46a h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Acc<span class=\"_ _7\"></span>rue<span class=\"_ _7\"></span>d interest<span class=\"_ _304\"> </span></div></td><td class=\"c n x872 y2093 w203 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">55.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x873 y2093 wcc h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">3<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y2094 w46b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">O<span class=\"_ _7\"></span>ther de<span class=\"_ _7\"></span>bt<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>s includ<span class=\"_ _7\"></span>ing rel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ty a<span class=\"_ _7\"></span>mounts<span class=\"_ _304\"> </span></div></td><td class=\"c n x874 y2094 w46c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">119<span class=\"_ _2c\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x875 y2094 w46d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">9<span class=\"_ _7\"></span>3.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2095 w46e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al trade a<span class=\"_ _7\"></span>nd other re<span class=\"_ _7\"></span>ceivab<span class=\"_ _7\"></span>les<span class=\"_ _304\"> </span></div></td><td class=\"c n x876 y2095 w46f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x720 y2095 w470 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">16<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2096 ff5f fs7 fc2 sc0 ls38 ws41\">The a<span class=\"_ _7\"></span>mounts ex<span class=\"_ _7\"></span>pected to be rec<span class=\"_ _7\"></span>overed before a<span class=\"_ _7\"></span>nd af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r are es<span class=\"_ _7\"></span>timated as follows:<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f61 w450 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Within one<span class=\"_ _9\"></span> year<span class=\"_ _304\"> </span></div></td><td class=\"c n x843 y1f61 w471 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x794 y1f61 w63 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w451 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x877 y1e80 w472 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x878 y1e80 w6c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">48<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-497": {
   "value": "1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span> T<span class=\"_ _a\"></span>r<span class=\"_ _7\"></span>ade and other receivables<span class=\"_ _304\"> </span><table class=\"s w445 hc5\" id=\"_f590a1ab-7b6b-43cb-a7b3-729ea1c6a2b4\"><tr><td></td><td></td><td class=\"t m0 x1fc h44 y208e ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1fb h43 y208f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1ff h44 y208f ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2090 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y2090 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2091 w469 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Prepaym<span class=\"_ _7\"></span>ents and a<span class=\"_ _7\"></span>ccru<span class=\"_ _7\"></span>ed inc<span class=\"_ _7\"></span>ome<span class=\"_ _304\"> </span></div></td><td class=\"c n x870 y2091 w2c9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">31.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x871 y2091 w54 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">30.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2092 ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>rad<span class=\"_ _7\"></span>e and other re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>vable<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y2093 w46a h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Acc<span class=\"_ _7\"></span>rue<span class=\"_ _7\"></span>d interest<span class=\"_ _304\"> </span></div></td><td class=\"c n x872 y2093 w203 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">55.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x873 y2093 wcc h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">3<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y2094 w46b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">O<span class=\"_ _7\"></span>ther de<span class=\"_ _7\"></span>bt<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>s includ<span class=\"_ _7\"></span>ing rel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ty a<span class=\"_ _7\"></span>mounts<span class=\"_ _304\"> </span></div></td><td class=\"c n x874 y2094 w46c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">119<span class=\"_ _2c\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x875 y2094 w46d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">9<span class=\"_ _7\"></span>3.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2095 w46e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al trade a<span class=\"_ _7\"></span>nd other re<span class=\"_ _7\"></span>ceivab<span class=\"_ _7\"></span>les<span class=\"_ _304\"> </span></div></td><td class=\"c n x876 y2095 w46f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x720 y2095 w470 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">16<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2096 ff5f fs7 fc2 sc0 ls38 ws41\">The a<span class=\"_ _7\"></span>mounts ex<span class=\"_ _7\"></span>pected to be rec<span class=\"_ _7\"></span>overed before a<span class=\"_ _7\"></span>nd af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r are es<span class=\"_ _7\"></span>timated as follows:<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f61 w450 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Within one<span class=\"_ _9\"></span> year<span class=\"_ _304\"> </span></div></td><td class=\"c n x843 y1f61 w471 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x794 y1f61 w63 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w451 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x877 y1e80 w472 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x878 y1e80 w6c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">48<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-489": {
   "value": "1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span> T<span class=\"_ _a\"></span>r<span class=\"_ _7\"></span>ade and other receivables<span class=\"_ _304\"> </span><table class=\"s w445 hc5\" id=\"_f590a1ab-7b6b-43cb-a7b3-729ea1c6a2b4\"><tr><td></td><td></td><td class=\"t m0 x1fc h44 y208e ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1fb h43 y208f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1ff h44 y208f ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2090 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y2090 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2091 w469 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Prepaym<span class=\"_ _7\"></span>ents and a<span class=\"_ _7\"></span>ccru<span class=\"_ _7\"></span>ed inc<span class=\"_ _7\"></span>ome<span class=\"_ _304\"> </span></div></td><td class=\"c n x870 y2091 w2c9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">31.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x871 y2091 w54 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">30.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2092 ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>rad<span class=\"_ _7\"></span>e and other re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>vable<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y2093 w46a h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Acc<span class=\"_ _7\"></span>rue<span class=\"_ _7\"></span>d interest<span class=\"_ _304\"> </span></div></td><td class=\"c n x872 y2093 w203 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">55.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x873 y2093 wcc h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">3<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y2094 w46b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">O<span class=\"_ _7\"></span>ther de<span class=\"_ _7\"></span>bt<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>s includ<span class=\"_ _7\"></span>ing rel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ty a<span class=\"_ _7\"></span>mounts<span class=\"_ _304\"> </span></div></td><td class=\"c n x874 y2094 w46c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">119<span class=\"_ _2c\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x875 y2094 w46d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">9<span class=\"_ _7\"></span>3.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2095 w46e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al trade a<span class=\"_ _7\"></span>nd other re<span class=\"_ _7\"></span>ceivab<span class=\"_ _7\"></span>les<span class=\"_ _304\"> </span></div></td><td class=\"c n x876 y2095 w46f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x720 y2095 w470 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">16<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2096 ff5f fs7 fc2 sc0 ls38 ws41\">The a<span class=\"_ _7\"></span>mounts ex<span class=\"_ _7\"></span>pected to be rec<span class=\"_ _7\"></span>overed before a<span class=\"_ _7\"></span>nd af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r are es<span class=\"_ _7\"></span>timated as follows:<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f61 w450 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Within one<span class=\"_ _9\"></span> year<span class=\"_ _304\"> </span></div></td><td class=\"c n x843 y1f61 w471 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x794 y1f61 w63 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w451 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x877 y1e80 w472 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x878 y1e80 w6c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">48<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-476": {
   "value": "1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span> T<span class=\"_ _a\"></span>r<span class=\"_ _7\"></span>ade and other receivables<span class=\"_ _304\"> </span><table class=\"s w445 hc5\" id=\"_f590a1ab-7b6b-43cb-a7b3-729ea1c6a2b4\"><tr><td></td><td></td><td class=\"t m0 x1fc h44 y208e ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1fb h43 y208f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1ff h44 y208f ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2090 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y2090 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2091 w469 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Prepaym<span class=\"_ _7\"></span>ents and a<span class=\"_ _7\"></span>ccru<span class=\"_ _7\"></span>ed inc<span class=\"_ _7\"></span>ome<span class=\"_ _304\"> </span></div></td><td class=\"c n x870 y2091 w2c9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">31.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x871 y2091 w54 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">30.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2092 ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>rad<span class=\"_ _7\"></span>e and other re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>vable<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y2093 w46a h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Acc<span class=\"_ _7\"></span>rue<span class=\"_ _7\"></span>d interest<span class=\"_ _304\"> </span></div></td><td class=\"c n x872 y2093 w203 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">55.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x873 y2093 wcc h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">3<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y2094 w46b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">O<span class=\"_ _7\"></span>ther de<span class=\"_ _7\"></span>bt<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>s includ<span class=\"_ _7\"></span>ing rel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ty a<span class=\"_ _7\"></span>mounts<span class=\"_ _304\"> </span></div></td><td class=\"c n x874 y2094 w46c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">119<span class=\"_ _2c\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x875 y2094 w46d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">9<span class=\"_ _7\"></span>3.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2095 w46e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al trade a<span class=\"_ _7\"></span>nd other re<span class=\"_ _7\"></span>ceivab<span class=\"_ _7\"></span>les<span class=\"_ _304\"> </span></div></td><td class=\"c n x876 y2095 w46f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x720 y2095 w470 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">16<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2096 ff5f fs7 fc2 sc0 ls38 ws41\">The a<span class=\"_ _7\"></span>mounts ex<span class=\"_ _7\"></span>pected to be rec<span class=\"_ _7\"></span>overed before a<span class=\"_ _7\"></span>nd af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r are es<span class=\"_ _7\"></span>timated as follows:<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f61 w450 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Within one<span class=\"_ _9\"></span> year<span class=\"_ _304\"> </span></div></td><td class=\"c n x843 y1f61 w471 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x794 y1f61 w63 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w451 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x877 y1e80 w472 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x878 y1e80 w6c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">48<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td></tr></table>23 De<span class=\"_ _7\"></span>ferr<span class=\"_ _7\"></span>ed ta<span class=\"_ _7\"></span>x<span class=\"_ _304\"> </span>Net de<span class=\"_ _7\"></span>ferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x ass<span class=\"_ _7\"></span>ets<span class=\"_ _304\"> </span><table class=\"s w654 hd8\" id=\"_2418d373-4d67-47f8-9f55-5b6e85df56d4\"><tr><td></td><td></td><td class=\"t m0 x1b1 h44 y21a3 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x26c h43 y21a4 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b3 h44 y21a4 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y21a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y21a5 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y21a6 w655 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>rading losses in o<span class=\"_ _9\"></span>verseas entities<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a7 y21a6 w225 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">29.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xc14 y21a6 w33e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">28.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21a7 w656 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d ws46\">Bermuda ET<span class=\"_ _a\"></span>A<span class=\"_ _304\"> </span></div></td><td class=\"c n xc15 y21a7 w657 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">15<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xc16 y21a7 w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21a8 w658 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x a<span class=\"_ _7\"></span>ssets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc17 y21a8 w659 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">11<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xc18 y21a8 wa1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21a9 w65a h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Deferred tax liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xc19 y21a9 w65b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>5<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1a y21a9 w65c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">(59.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21aa w65d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al net defe<span class=\"_ _7\"></span>rred t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>sset<span class=\"_ _7\"></span>s, before r<span class=\"_ _7\"></span>eclas<span class=\"_ _7\"></span>sific<span class=\"_ _7\"></span>ation of as<span class=\"_ _7\"></span>sets he<span class=\"_ _7\"></span>ld for sa<span class=\"_ _7\"></span>le<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1b y21aa w8d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x969 y21aa w65e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">38.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21ab w65f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Les<span class=\"_ _7\"></span>s assets h<span class=\"_ _7\"></span>eld for sa<span class=\"_ _7\"></span>le<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1c y21ab w505 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1d y21ab w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2052 w660 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al net defe<span class=\"_ _7\"></span>rred t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>sset<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1e y2052 w2a0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x506 y2052 w102 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">38.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y21ac ff64 fs7 fc2 sc0 ls38 ws41\">Net de<span class=\"_ _7\"></span>ferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x liabiliti<span class=\"_ _7\"></span>es<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2016 w658 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x a<span class=\"_ _7\"></span>ssets<span class=\"_ _304\"> </span></div></td><td class=\"c n x810 y2016 w5d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1f y2016 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w661 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Add as<span class=\"_ _7\"></span>sets held fo<span class=\"_ _7\"></span>r sale<span class=\"_ _304\"> </span></div></td><td class=\"c n xc20 y1f86 wee h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x73e y1f86 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w65a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Deferred tax liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xc21 y1ed8 w2ac h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>79.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc22 y1ed8 w662 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w663 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al net defe<span class=\"_ _7\"></span>rred t<span class=\"_ _7\"></span>ax li<span class=\"_ _7\"></span>abilitie<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xc23 y1e80 w26a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(56.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc24 y1e80 w662 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr></table>Defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets and d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x liabi<span class=\"_ _7\"></span>lities re<span class=\"_ _7\"></span>lating to the sa<span class=\"_ _7\"></span>me ta<span class=\"_ _7\"></span>x autho<span class=\"_ _7\"></span>rit<span class=\"_ _7\"></span>y are pre<span class=\"_ _7\"></span>sented net i<span class=\"_ _7\"></span>n the Group\u2019<span class=\"_ _9\"></span>s balanc<span class=\"_ _7\"></span>e she<span class=\"_ _7\"></span>et<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Net defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x a<span class=\"_ _7\"></span>ssets<span class=\"_ _304\"> </span>Net de<span class=\"_ _7\"></span>ferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x ass<span class=\"_ _7\"></span>ets At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cembe<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span><table class=\"s w664 hd9\" id=\"_1934537e-60e2-459a-ad51-77fb0df31052\"><tr><td></td><td></td><td class=\"t m0 xc25 h43 y21ad ff64 fs28 fc2 sc0 lsed ws17b\">Income<span class=\"_ _304\"> </span></td><td class=\"t m0 xc26 h43 y21ad ff64 fs28 fc2 sc0 ls7c ws98\">Recognised </td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x7b8 h43 y21ae ff64 fs28 fc2 sc0 ls145 ws24d\">statement<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a6 h43 y21ae ff64 fs28 fc2 sc0 ls131 ws1b8\">in other<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xc27 h44 y21af ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td><td class=\"t m0 x744 h43 y21af ff64 fs28 fc2 sc0 lse6 ws12d\">(charge)<span class=\"_ _304\"> </span></td><td class=\"t m0 xc28 h43 y21af ff64 fs28 fc2 sc0 lse6 ws12d\">comprehensive<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a3 h43 y21af ff64 fs28 fc2 sc0 ls8 ws4\">Fo<span class=\"_ _7\"></span>re<span class=\"_ _7\"></span>ig<span class=\"_ _7\"></span>n </td><td></td></tr><tr><td></td><td class=\"t m0 x7b7 h44 y21b0 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td><td class=\"t m0 x362 h43 y21b0 ff64 fs28 fc2 sc0 ls179 ws24e\">/cr<span class=\"_ _7\"></span>e<span class=\"_ _7\"></span>di<span class=\"_ _7\"></span>t<span class=\"_ _304\"> </span></td><td class=\"t m0 xc29 h43 y21b0 ff64 fs28 fc2 sc0 ls117 ws246\">income/equity<span class=\"_ _304\"> </span></td><td class=\"t m0 x41c h43 y21b0 ff64 fs28 fc2 sc0 lse6 ws12d\">exchange<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h43 y21b0 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x41e h44 y21b1 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h43 y21b1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y21b1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h43 y21b1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y21b1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y21b2 w665 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Deferred compensat<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2a y21b2 w666 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2b y21b2 wea h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2c y21b2 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2d y21b2 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c8 y21b2 w43b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b3 w667 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">Under<span class=\"_ _7\"></span>writing*<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2e y21b3 wd4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2f y21b3 w424 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc30 y21b3 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc31 y21b3 w424 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc03 y21b3 wf0 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b4 w668 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Financial assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc32 y21b4 w32f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _c\"> </span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xc33 y21b4 w669 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">(5.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc34 y21b4 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x338 y21b4 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x339 y21b4 w3fe h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b5 w66a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>angible assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc35 y21b5 w66b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">(5.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc36 y21b5 w42a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(2.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc30 y21b5 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc37 y21b5 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc38 y21b5 w2e6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b6 w66c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws19\">Loss<span class=\"_ _7\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n xc39 y21b6 w33e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">28.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3a y21b6 w66d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3b y21b6 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3c y21b6 wed h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3d y21b6 w65e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">3<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e5f w656 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d ws46\">Bermuda ET<span class=\"_ _a\"></span>A<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3e y1e5f w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3f y1e5f w4a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">15<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xc40 y1e5f w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc41 y1e5f w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc42 y1e5f w65 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">15<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e60 w64e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws19\">Oth<span class=\"_ _7\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xc43 y1e60 w66e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xc44 y1e60 w41a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ec y1e60 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc45 y1e60 w420 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x73c y1e60 w2e7 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b7 w66f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc46 y21b7 w670 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">38.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc47 y21b7 w35 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">1<span class=\"_ _9\"></span>46.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3b y21b7 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc48 y21b7 w424 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc49 y21b7 w671 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b8 w672 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">Pension<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4a y21b8 w110 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4b y21b8 w673 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4c y21b8 w4f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4d y21b8 w2f2 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(0<span class=\"_ _7\"></span>.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4e y21b8 w21a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b9 w665 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Deferred compensat<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4f y21b9 w1df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xc50 y21b9 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc51 y21b9 w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x886 y21b9 wea h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xc52 y21b9 w262 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21ba w667 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">Under<span class=\"_ _7\"></span>writing*<span class=\"_ _304\"> </span></div></td><td class=\"c n xc53 y21ba w674 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc54 y21ba w2df h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(3<span class=\"_ _7\"></span>3.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3b y21ba w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb48 y21ba w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc55 y21ba w2b8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2108 w675 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Intangible asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xc56 y2108 w676 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(<span class=\"_ _7\"></span>10.<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc57 y2108 w505 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc58 y2108 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc59 y2108 w3ac h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5a y2108 w677 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(1<span class=\"_ _a\"></span>4.6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21bb w668 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Financial assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5b y21bb w666 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5c y21bb w3f3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(6.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5d y21bb w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5e y21bb w678 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5f y21bb w3f9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>2.6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21bc w66a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>angible assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc60 y21bc wd4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xc61 y21bc w423 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>3.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x470 y21bc w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x471 y21bc w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc62 y21bc w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21bd w66c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws19\">Loss<span class=\"_ _7\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n xc63 y21bd w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc64 y21bd w679 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls94 wsa9\">6.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xc65 y21bd w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cd y21bd w179 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x897 y21bd wa3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21be w67a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">O<span class=\"_ _7\"></span>th<span class=\"_ _7\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xc66 y21be w67b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x309 y21be w3ef h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc67 y21be w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc68 y21be w437 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xc69 y21be w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21bf w67c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x lia<span class=\"_ _7\"></span>bilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6a y21bf w67d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6b y21bf w67e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>52.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6c y21bf w4f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6d y21bf w67f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6e y21bf w680 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(59.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21c0 w681 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Net tota<span class=\"_ _7\"></span>l deferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6f y21c0 wa1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xc70 y21c0 wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">9<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xc71 y21c0 w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc72 y21c0 w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc73 y21c0 w426 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21c1 w682 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Les<span class=\"_ _7\"></span>s ass<span class=\"_ _7\"></span>ets held fo<span class=\"_ _7\"></span>r sale<span class=\"_ _304\"> </span></div></td><td class=\"c n xc74 y21c1 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc57 y21c1 w678 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc75 y21c1 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc76 y21c1 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc77 y21c1 w420 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w683 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Net G<span class=\"_ _7\"></span>roup defe<span class=\"_ _7\"></span>rred t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>sset<span class=\"_ _304\"> </span></div></td><td class=\"c n xc78 y1e80 w684 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _c\"> </span>4<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xc79 y1e80 w17b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">92.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc7a y1e80 w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x986 y1e80 w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc7b y1e80 w2d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">123<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr></table>*Re<span class=\"_ _7\"></span>sta<span class=\"_ _7\"></span>ted for th<span class=\"_ _7\"></span>e defe<span class=\"_ _7\"></span>rre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x im<span class=\"_ _7\"></span>pact o<span class=\"_ _7\"></span>f IFRS 1<span class=\"_ _9\"></span>7 ado<span class=\"_ _7\"></span>ptio<span class=\"_ _7\"></span>n.<span class=\"_ _304\"> </span>Moveme<span class=\"_ _7\"></span>nts in defer<span class=\"_ _7\"></span>red an<span class=\"_ _7\"></span>d curre<span class=\"_ _7\"></span>nt ta<span class=\"_ _7\"></span>x relating to ta<span class=\"_ _7\"></span>x de<span class=\"_ _7\"></span>ductio<span class=\"_ _7\"></span>ns aris<span class=\"_ _7\"></span>ing on e<span class=\"_ _7\"></span>mployee s<span class=\"_ _7\"></span>hare option<span class=\"_ _7\"></span>s are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in the stateme<span class=\"_ _7\"></span>nt of chan<span class=\"_ _7\"></span>ges in e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y to the extent that th<span class=\"_ _7\"></span>e movement exce<span class=\"_ _7\"></span>eds the c<span class=\"_ _7\"></span>orres<span class=\"_ _7\"></span>pondi<span class=\"_ _7\"></span>ng charg<span class=\"_ _7\"></span>e to the incom<span class=\"_ _7\"></span>e statement. Moveme<span class=\"_ _7\"></span>nts in defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x rel<span class=\"_ _7\"></span>ating to the empl<span class=\"_ _7\"></span>oyee retireme<span class=\"_ _7\"></span>nt ben<span class=\"_ _7\"></span>efit obli<span class=\"_ _7\"></span>gation are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in th<span class=\"_ _7\"></span>e statement of<span class=\"ls8 ws4\"> </span>com<span class=\"_ _7\"></span>prehe<span class=\"_ _7\"></span>nsive inc<span class=\"_ _7\"></span>ome to the ex<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>en<span class=\"_ _7\"></span>t that the moveme<span class=\"_ _7\"></span>nt corre<span class=\"_ _7\"></span>spon<span class=\"_ _7\"></span>ds to actuar<span class=\"_ _7\"></span>ial ga<span class=\"_ _7\"></span>ins and lo<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>s recog<span class=\"_ _7\"></span>nised i<span class=\"_ _7\"></span>n the stateme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>of comp<span class=\"_ _7\"></span>rehe<span class=\"_ _7\"></span>nsive inc<span class=\"_ _7\"></span>ome. The total exp<span class=\"_ _7\"></span>ense re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised ou<span class=\"_ _7\"></span>tside the i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement is $<span class=\"_ _7\"></span>0.<span class=\"_ _9\"></span>4 mill<span class=\"_ _7\"></span>ion (2022<span class=\"_ _9\"></span>: expens<span class=\"_ _7\"></span>e of<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>$6.5 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>, compr<span class=\"_ _7\"></span>ising $1<span class=\"_ _a\"></span>.3 mil<span class=\"_ _7\"></span>lion defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x i<span class=\"_ _7\"></span>ncome a<span class=\"_ _7\"></span>nd $1<span class=\"_ _a\"></span>.<span class=\"_ _9\"></span>7 million c<span class=\"_ _7\"></span>urre<span class=\"_ _7\"></span>nt ta<span class=\"_ _7\"></span>x expens<span class=\"_ _7\"></span>e (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: $9.4 million d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span>ta<span class=\"_ _7\"></span>x expe<span class=\"_ _7\"></span>nse and $2.9 million c<span class=\"_ _7\"></span>urrent t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>x incom<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>).<span class=\"_ _304\"> </span>Defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets of $37<span class=\"_ _e\"></span>.4 mill<span class=\"_ _7\"></span>ion ($36.3 mil<span class=\"_ _7\"></span>lion excludi<span class=\"_ _7\"></span>ng asse<span class=\"_ _7\"></span>ts held for s<span class=\"_ _7\"></span>ale) (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: 28.<span class=\"_ _9\"></span>4 mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>, relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o lo<span class=\"_ _7\"></span>sses a<span class=\"_ _7\"></span>risi<span class=\"_ _7\"></span>ng in overse<span class=\"_ _7\"></span>as entiti<span class=\"_ _7\"></span>es, whi<span class=\"_ _7\"></span>ch dep<span class=\"_ _7\"></span>end on th<span class=\"_ _7\"></span>e availabi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y of future ta<span class=\"_ _7\"></span>xa<span class=\"_ _7\"></span>ble profits, have be<span class=\"_ _7\"></span>en rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed. Busin<span class=\"_ _7\"></span>ess p<span class=\"_ _7\"></span>rojectio<span class=\"_ _7\"></span>ns indi<span class=\"_ _7\"></span>cate<span class=\"_ _9\"></span> it is pro<span class=\"_ _7\"></span>bable th<span class=\"_ _7\"></span>at suf<span class=\"_ _7\"></span>fici<span class=\"_ _7\"></span>ent fu<span class=\"_ _7\"></span>ture ta<span class=\"_ _7\"></span>xabl<span class=\"_ _7\"></span>e incom<span class=\"_ _7\"></span>e will be avai<span class=\"_ _7\"></span>lable a<span class=\"_ _7\"></span>gains<span class=\"_ _7\"></span>t which to of<span class=\"_ _7\"></span>fset the<span class=\"_ _7\"></span>se rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets withi<span class=\"_ _7\"></span>n five year<span class=\"_ _7\"></span>s. $2<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.<span class=\"_ _9\"></span>7 milli<span class=\"_ _7\"></span>on (202<span class=\"_ _9\"></span>2: $2<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.<span class=\"_ _9\"></span>7 millio<span class=\"_ _7\"></span>n) o<span class=\"_ _9\"></span>f the ta<span class=\"_ _7\"></span>x l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o wh<span class=\"_ _7\"></span>ich the<span class=\"_ _7\"></span>se asse<span class=\"_ _7\"></span>ts relate will exp<span class=\"_ _7\"></span>ire within ten ye<span class=\"_ _7\"></span>ars; a fur<span class=\"_ _7\"></span>th<span class=\"_ _7\"></span>er $9.<span class=\"_ _9\"></span>7 million (2022<span class=\"_ _9\"></span>: $0.<span class=\"_ _9\"></span>7 milli<span class=\"_ _7\"></span>on) will expire af<span class=\"_ _7\"></span>ter ten ye<span class=\"_ _7\"></span>ars or w<span class=\"_ _7\"></span>ill be avail<span class=\"_ _7\"></span>able in<span class=\"_ _7\"></span>definitel<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. T<span class=\"_ _7\"></span>he Grou<span class=\"_ _7\"></span>p has not provi<span class=\"_ _7\"></span>ded for defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets totalling $<span class=\"_ _7\"></span>84.<span class=\"_ _9\"></span>8 mil<span class=\"_ _7\"></span>lion (2022<span class=\"_ _9\"></span>: $56.6 million) in rel<span class=\"_ _7\"></span>ation to losse<span class=\"_ _7\"></span>s in overse<span class=\"_ _7\"></span>as co<span class=\"_ _7\"></span>mpani<span class=\"_ _7\"></span>es and u<span class=\"_ _7\"></span>nutilis<span class=\"_ _7\"></span>ed ta<span class=\"_ _7\"></span>x cred<span class=\"_ _7\"></span>its of $4<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>5.5 million (2022<span class=\"_ _9\"></span>: $2<span class=\"_ _9\"></span>79<span class=\"_ _9\"></span>.0 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> In acc<span class=\"_ _7\"></span>ordanc<span class=\"_ _7\"></span>e with IAS<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>, all d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x assets a<span class=\"_ _7\"></span>nd liab<span class=\"_ _7\"></span>ilitie<span class=\"_ _7\"></span>s are cla<span class=\"_ _7\"></span>ssifi<span class=\"_ _7\"></span>ed as no<span class=\"_ _7\"></span>n-cur<span class=\"_ _7\"></span>rent. The am<span class=\"_ _7\"></span>ount of defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>set expe<span class=\"_ _7\"></span>cted to be recovere<span class=\"_ _7\"></span>d after m<span class=\"_ _7\"></span>ore than 1<span class=\"_ _9\"></span>2 months is $1<span class=\"_ _a\"></span>23.8<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n (2<span class=\"_ _9\"></span>022:<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>$<span class=\"_ _7\"></span>53.5<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>).<span class=\"_ _304\"> </span>Factors af<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ng ta<span class=\"_ _7\"></span>x cha<span class=\"_ _7\"></span>rges in f<span class=\"_ _7\"></span>uture yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span>An in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o the U<span class=\"_ _7\"></span>K corp<span class=\"_ _7\"></span>orate ta<span class=\"_ _7\"></span>x rate t<span class=\"_ _9\"></span>o 25<span class=\"_ _a\"></span>% f<span class=\"_ _7\"></span>rom 1 Ap<span class=\"_ _7\"></span>ril 2023 was substa<span class=\"_ _7\"></span>ntively e<span class=\"_ _7\"></span>nacted o<span class=\"_ _7\"></span>n 2<span class=\"_ _a\"></span>4 M<span class=\"_ _7\"></span>ay 202<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>. Thi<span class=\"_ _7\"></span>s will have<span class=\"ls8 ws4\"> </span>a cons<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>ntial ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct on the Co<span class=\"_ _7\"></span>mpany\u2019<span class=\"_ _9\"></span>s futu<span class=\"_ _7\"></span>re ta<span class=\"_ _7\"></span>x charg<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, an<span class=\"_ _7\"></span>d defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s in relati<span class=\"_ _7\"></span>on to the UK have dec<span class=\"_ _7\"></span>rease<span class=\"_ _7\"></span>d by<span class=\"_ _304\"> </span>$<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>.3 million. Th<span class=\"_ _7\"></span>e impac<span class=\"_ _7\"></span>t of these ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s in futu<span class=\"_ _7\"></span>re peri<span class=\"_ _7\"></span>ods wil<span class=\"_ _7\"></span>l be dep<span class=\"_ _7\"></span>ende<span class=\"_ _7\"></span>nt on the leve<span class=\"_ _7\"></span>l of ta<span class=\"_ _7\"></span>xable p<span class=\"_ _7\"></span>rofits in those p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>ds.<span class=\"_ _304\"> </span>One h<span class=\"_ _7\"></span>undred a<span class=\"_ _7\"></span>nd thir<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y cou<span class=\"_ _7\"></span>ntries h<span class=\"_ _7\"></span>ave agreed to impl<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt a new globa<span class=\"_ _7\"></span>l minim<span class=\"_ _7\"></span>um ta<span class=\"_ _7\"></span>x (GMT<span class=\"_ _7\"></span>) as \u2018Pill<span class=\"_ _7\"></span>ar T<span class=\"_ _a\"></span>wo\u2019 o<span class=\"_ _9\"></span>f the O<span class=\"_ _7\"></span>ECD <span class=\"ls8 ws4\"> </span>two<span class=\"_ _7\"></span>-Pilla<span class=\"_ _7\"></span>r reform fra<span class=\"_ _7\"></span>mework. T<span class=\"_ _7\"></span>he GM<span class=\"_ _7\"></span>T uses ad<span class=\"_ _7\"></span>justed co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated accou<span class=\"_ _7\"></span>nting data to cal<span class=\"_ _7\"></span>culate the ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive ta<span class=\"_ _7\"></span>x rate (ETR) p<span class=\"_ _7\"></span>aid on profits by a mu<span class=\"_ _7\"></span>ltination<span class=\"_ _7\"></span>al in eac<span class=\"_ _7\"></span>h juri<span class=\"_ _7\"></span>sdictio<span class=\"_ _7\"></span>n in whic<span class=\"_ _7\"></span>h it ope<span class=\"_ _7\"></span>rates; and then a<span class=\"_ _7\"></span>pplie<span class=\"_ _7\"></span>s a \u2018top-up ta<span class=\"_ _7\"></span>x\u2019 on a<span class=\"_ _7\"></span>ny jurisd<span class=\"_ _7\"></span>iction<span class=\"_ _7\"></span>s where th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> E<span class=\"_ _7\"></span>TR is be<span class=\"_ _7\"></span>low 1<span class=\"_ _a\"></span>5%<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Multiple juris<span class=\"_ _9\"></span>dictions in<span class=\"_ _9\"></span> which the Group<span class=\"_ _9\"></span> operates ha<span class=\"_ _9\"></span>ve sub<span class=\"_ _9\"></span>stantively enact<span class=\"_ _9\"></span>ed such legisla<span class=\"_ _9\"></span>tion (<span class=\"_ _9\"></span>\u2018Pil<span class=\"_ _9\"></span>lar T<span class=\"_ _a\"></span>wo legislat<span class=\"_ _9\"></span>ion<span class=\"_ _9\"></span>\u2019) be<span class=\"_ _9\"></span>fore<span class=\"_ _9\"></span> the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet date. Th<span class=\"_ _7\"></span>e Hiscox Grou<span class=\"_ _7\"></span>p expec<span class=\"_ _7\"></span>ts t<span class=\"_ _9\"></span>o be w<span class=\"_ _7\"></span>ithin the sc<span class=\"_ _7\"></span>ope of the<span class=\"_ _7\"></span>se rul<span class=\"_ _7\"></span>es, by vir<span class=\"_ _7\"></span>tue of the fac<span class=\"_ _7\"></span>t that the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s cons<span class=\"_ _7\"></span>olidated reve<span class=\"_ _7\"></span>nue in at le<span class=\"_ _7\"></span>ast t<span class=\"_ _7\"></span>wo of the four year<span class=\"_ _7\"></span>s prio<span class=\"_ _7\"></span>r t<span class=\"_ _9\"></span>o 202<span class=\"_ _9\"></span>4 exceede<span class=\"_ _7\"></span>d \u20ac750 million.<span class=\"_ _304\"> </span>This legislation<span class=\"_ _9\"></span> brings int<span class=\"_ _9\"></span>o effect the Income<span class=\"_ _9\"></span> Inclusion Rule (<span class=\"_ _9\"></span>IIR) and<span class=\"_ _9\"></span> Qualified Domestic Minimum T<span class=\"_ _20\"></span>op-Up T<span class=\"_ _a\"></span>a<span class=\"_ _7\"></span>x (QDMTT<span class=\"_ _7\"></span>) from <span class=\"ls8 ws4\"> </span>202<span class=\"_ _9\"></span>4 (which are n<span class=\"_ _7\"></span>ot expected to have a materi<span class=\"_ _7\"></span>al impa<span class=\"_ _7\"></span>ct on the Gro<span class=\"_ _7\"></span>up)<span class=\"_ _9\"></span>, and the Und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>xed Profits Rul<span class=\"_ _7\"></span>e (UTPR) fro<span class=\"_ _7\"></span>m 202<span class=\"_ _9\"></span>5,<span class=\"_ _9\"></span> mea<span class=\"_ _7\"></span>ning that \u2018<span class=\"_ _7\"></span>top-up ta<span class=\"_ _7\"></span>xes\u2019 on profits in ju<span class=\"_ _7\"></span>risdic<span class=\"_ _7\"></span>tions wh<span class=\"_ _7\"></span>ere the E<span class=\"_ _7\"></span>TR is b<span class=\"_ _7\"></span>elow 1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>% may be payable i<span class=\"_ _7\"></span>n other jur<span class=\"_ _7\"></span>isdicti<span class=\"_ _7\"></span>ons acros<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _7\"></span>up with ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t from 2025<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Base<span class=\"_ _7\"></span>d on histor<span class=\"_ _7\"></span>ic trends, the p<span class=\"_ _7\"></span>ropor<span class=\"_ _7\"></span>tion of th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s p<span class=\"_ _7\"></span>rofits expec<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed to be im<span class=\"_ _7\"></span>pacted is bet<span class=\"_ _7\"></span>wee<span class=\"_ _7\"></span>n $0 mill<span class=\"_ _7\"></span>ion to $5 milli<span class=\"_ _7\"></span>on,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>and th<span class=\"_ _7\"></span>e average ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive rate currentl<span class=\"_ _7\"></span>y appl<span class=\"_ _7\"></span>icab<span class=\"_ _7\"></span>le to those profits is 5% t<span class=\"_ _9\"></span>o 7<span class=\"_ _9\"></span>%.<span class=\"_ _304\"> </span>Severa<span class=\"_ _7\"></span>l other jur<span class=\"_ _7\"></span>isdic<span class=\"_ _7\"></span>tions in wh<span class=\"_ _7\"></span>ich the G<span class=\"_ _7\"></span>roup ope<span class=\"_ _7\"></span>rates have propos<span class=\"_ _7\"></span>ed Pilla<span class=\"_ _7\"></span>r T<span class=\"_ _a\"></span>wo leg<span class=\"_ _7\"></span>islatio<span class=\"_ _7\"></span>n, which woul<span class=\"_ _7\"></span>d imple<span class=\"_ _7\"></span>ment c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>es simi<span class=\"_ _7\"></span>lar to those id<span class=\"_ _7\"></span>entifie<span class=\"_ _7\"></span>d above, but the le<span class=\"_ _7\"></span>gislati<span class=\"_ _7\"></span>on has not yet be<span class=\"_ _7\"></span>en sub<span class=\"_ _7\"></span>stantive<span class=\"_ _7\"></span>ly ena<span class=\"_ _7\"></span>cted at the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet date. Give<span class=\"_ _7\"></span>n that Pilla<span class=\"_ _7\"></span>r T<span class=\"_ _a\"></span>wo leg<span class=\"_ _7\"></span>islation i<span class=\"_ _7\"></span>mple<span class=\"_ _7\"></span>menting b<span class=\"_ _7\"></span>oth IIR and UT<span class=\"_ _7\"></span>PR has alre<span class=\"_ _7\"></span>ady be<span class=\"_ _7\"></span>en sub<span class=\"_ _7\"></span>stantive<span class=\"_ _7\"></span>ly enac<span class=\"_ _7\"></span>ted in vario<span class=\"_ _7\"></span>us jur<span class=\"_ _7\"></span>isdicti<span class=\"_ _7\"></span>ons in wh<span class=\"_ _7\"></span>ich the Gro<span class=\"_ _7\"></span>up ope<span class=\"_ _7\"></span>rates, the Group d<span class=\"_ _7\"></span>oes not exp<span class=\"_ _7\"></span>ect the e<span class=\"_ _7\"></span>nactme<span class=\"_ _7\"></span>nt of Pillar T<span class=\"_ _9\"></span>wo legis<span class=\"_ _7\"></span>lation by thes<span class=\"_ _7\"></span>e juris<span class=\"_ _7\"></span>dictio<span class=\"_ _7\"></span>ns t<span class=\"_ _9\"></span>o have a fu<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ther addi<span class=\"_ _7\"></span>tional im<span class=\"_ _7\"></span>pact on th<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>otal i<span class=\"_ _7\"></span>ncome t<span class=\"_ _7\"></span>ax to whi<span class=\"_ _7\"></span>ch the Gro<span class=\"_ _7\"></span>up is expos<span class=\"_ _7\"></span>ed. As a res<span class=\"_ _7\"></span>ponse to the Pill<span class=\"_ _7\"></span>ar T<span class=\"_ _a\"></span>wo refor<span class=\"_ _7\"></span>m, Bermu<span class=\"_ _7\"></span>da has intro<span class=\"_ _7\"></span>duce<span class=\"_ _7\"></span>d a corp<span class=\"_ _7\"></span>orate incom<span class=\"_ _7\"></span>e ta<span class=\"_ _7\"></span>x (Ber<span class=\"_ _7\"></span>muda CIT<span class=\"_ _7\"></span>) w<span class=\"_ _7\"></span>hich was s<span class=\"_ _7\"></span>ubsta<span class=\"_ _7\"></span>ntively ena<span class=\"_ _7\"></span>cted at the bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet date; and will a<span class=\"_ _7\"></span>pply at a r<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e of 1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>% t<span class=\"_ _9\"></span>o profits of ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain B<span class=\"_ _7\"></span>ermu<span class=\"_ _7\"></span>da cons<span class=\"_ _7\"></span>tituent e<span class=\"_ _7\"></span>ntities w<span class=\"_ _7\"></span>ith ef<span class=\"_ _7\"></span>fect <span class=\"ls8 ws4\"> </span>from 1 Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y 2025. The Grou<span class=\"_ _7\"></span>p expec<span class=\"_ _7\"></span>ts t<span class=\"_ _9\"></span>o be su<span class=\"_ _7\"></span>bject to Be<span class=\"_ _7\"></span>rmud<span class=\"_ _7\"></span>a CIT<span class=\"_ _a\"></span>. The p<span class=\"_ _7\"></span>ropor<span class=\"_ _7\"></span>tion of the G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s profi<span class=\"_ _7\"></span>ts arisi<span class=\"_ _7\"></span>ng in Be<span class=\"_ _7\"></span>rmuda <span class=\"ls8 ws4\"> </span>is the<span class=\"_ _7\"></span>refore not expec<span class=\"_ _7\"></span>ted t<span class=\"_ _9\"></span>o be s<span class=\"_ _7\"></span>ubjec<span class=\"_ _7\"></span>t to Pillar T<span class=\"_ _a\"></span>wo top-up t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>nd is not inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in the esti<span class=\"_ _7\"></span>mated impac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The B<span class=\"_ _7\"></span>erm<span class=\"_ _7\"></span>uda CIT w<span class=\"_ _7\"></span>ill app<span class=\"_ _7\"></span>ly at a rate of 1<span class=\"_ _a\"></span>5<span class=\"_ _9\"></span>% on th<span class=\"_ _7\"></span>e profits of Hiscox\u2019<span class=\"_ _9\"></span>s Berm<span class=\"_ _7\"></span>udia<span class=\"_ _7\"></span>n constitu<span class=\"_ _7\"></span>ent enti<span class=\"_ _7\"></span>ties. Th<span class=\"_ _7\"></span>is will have a cons<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>ntial ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct on the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s future t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>x charge. A de<span class=\"_ _7\"></span>ferred t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>sset of $1<span class=\"_ _a\"></span>50.0 million i<span class=\"_ _7\"></span>n relation to the e<span class=\"_ _7\"></span>conom<span class=\"_ _7\"></span>ic trans<span class=\"_ _7\"></span>ition adju<span class=\"_ _7\"></span>stment (E<span class=\"_ _7\"></span>T<span class=\"_ _a\"></span>A<span class=\"_ _7\"></span>) require<span class=\"_ _7\"></span>d by this leg<span class=\"_ _7\"></span>islation h<span class=\"_ _7\"></span>as bee<span class=\"_ _7\"></span>n reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d at the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet date. On fir<span class=\"_ _7\"></span>st enteri<span class=\"_ _7\"></span>ng the sco<span class=\"_ _7\"></span>pe of Ber<span class=\"_ _7\"></span>muda C<span class=\"_ _7\"></span>IT<span class=\"_ _a\"></span>, the ET<span class=\"_ _9\"></span>A requi<span class=\"_ _7\"></span>res eac<span class=\"_ _7\"></span>h in scop<span class=\"_ _7\"></span>e entit<span class=\"_ _7\"></span>y to estimate the fair va<span class=\"_ _7\"></span>lue of the as<span class=\"_ _7\"></span>sets and li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties he<span class=\"_ _7\"></span>ld by the Ber<span class=\"_ _7\"></span>mudi<span class=\"_ _7\"></span>an busi<span class=\"_ _7\"></span>nes<span class=\"_ _7\"></span>s at 30 Septemb<span class=\"_ _7\"></span>er 2023 and use thi<span class=\"_ _7\"></span>s in plac<span class=\"_ _7\"></span>e of book valu<span class=\"_ _7\"></span>e for ta<span class=\"_ _7\"></span>x pur<span class=\"_ _7\"></span>pose<span class=\"_ _7\"></span>s, creating temp<span class=\"_ _7\"></span>orar<span class=\"_ _7\"></span>y di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>es. Th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>pri<span class=\"_ _7\"></span>ncipal d<span class=\"_ _7\"></span>river of th<span class=\"_ _7\"></span>is tempora<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nce is the c<span class=\"_ _7\"></span>ustomer re<span class=\"_ _7\"></span>lationsh<span class=\"_ _7\"></span>ips inta<span class=\"_ _7\"></span>ngibl<span class=\"_ _7\"></span>e asset w<span class=\"_ _7\"></span>hich is s<span class=\"_ _7\"></span>ubjec<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant <span class=\"ls8 ws4\"> </span>judg<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt and es<span class=\"_ _7\"></span>timates, inclu<span class=\"_ _7\"></span>ding fore<span class=\"_ _7\"></span>cast c<span class=\"_ _7\"></span>ashflows, the di<span class=\"_ _7\"></span>scount r<span class=\"_ _7\"></span>ate and cap<span class=\"_ _7\"></span>ital al<span class=\"_ _7\"></span>locatio<span class=\"_ _7\"></span>n charg<span class=\"_ _7\"></span>es. The i<span class=\"_ _7\"></span>mpact of <span class=\"ls8 ws4\"> </span>thes<span class=\"_ _7\"></span>e chan<span class=\"_ _7\"></span>ges on th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s E<span class=\"_ _7\"></span>TR in f<span class=\"_ _7\"></span>uture pe<span class=\"_ _7\"></span>rio<span class=\"_ _7\"></span>ds will b<span class=\"_ _7\"></span>e depe<span class=\"_ _7\"></span>ndent o<span class=\"_ _7\"></span>n the level of ta<span class=\"_ _7\"></span>xa<span class=\"_ _7\"></span>ble profits in th<span class=\"_ _7\"></span>ose per<span class=\"_ _7\"></span>iods fo<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _9\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s Bermuda const<span class=\"_ _9\"></span>ituent ent<span class=\"_ _9\"></span>ities.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-440": {
   "value": "1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span> T<span class=\"_ _a\"></span>r<span class=\"_ _7\"></span>ade and other receivables<span class=\"_ _304\"> </span><table class=\"s w445 hc5\" id=\"_f590a1ab-7b6b-43cb-a7b3-729ea1c6a2b4\"><tr><td></td><td></td><td class=\"t m0 x1fc h44 y208e ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1fb h43 y208f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1ff h44 y208f ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2090 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x202 h44 y2090 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2091 w469 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Prepaym<span class=\"_ _7\"></span>ents and a<span class=\"_ _7\"></span>ccru<span class=\"_ _7\"></span>ed inc<span class=\"_ _7\"></span>ome<span class=\"_ _304\"> </span></div></td><td class=\"c n x870 y2091 w2c9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">31.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x871 y2091 w54 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">30.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2092 ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>rad<span class=\"_ _7\"></span>e and other re<span class=\"_ _7\"></span>cei<span class=\"_ _7\"></span>vable<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y2093 w46a h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Acc<span class=\"_ _7\"></span>rue<span class=\"_ _7\"></span>d interest<span class=\"_ _304\"> </span></div></td><td class=\"c n x872 y2093 w203 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">55.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x873 y2093 wcc h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">3<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y2094 w46b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">O<span class=\"_ _7\"></span>ther de<span class=\"_ _7\"></span>bt<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>s includ<span class=\"_ _7\"></span>ing rel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ty a<span class=\"_ _7\"></span>mounts<span class=\"_ _304\"> </span></div></td><td class=\"c n x874 y2094 w46c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">119<span class=\"_ _2c\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x875 y2094 w46d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">9<span class=\"_ _7\"></span>3.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2095 w46e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al trade a<span class=\"_ _7\"></span>nd other re<span class=\"_ _7\"></span>ceivab<span class=\"_ _7\"></span>les<span class=\"_ _304\"> </span></div></td><td class=\"c n x876 y2095 w46f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x720 y2095 w470 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">16<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2096 ff5f fs7 fc2 sc0 ls38 ws41\">The a<span class=\"_ _7\"></span>mounts ex<span class=\"_ _7\"></span>pected to be rec<span class=\"_ _7\"></span>overed before a<span class=\"_ _7\"></span>nd af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r are es<span class=\"_ _7\"></span>timated as follows:<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f61 w450 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Within one<span class=\"_ _9\"></span> year<span class=\"_ _304\"> </span></div></td><td class=\"c n x843 y1f61 w471 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x794 y1f61 w63 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w451 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x877 y1e80 w472 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x878 y1e80 w6c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">48<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-441": {
   "value": "1<span class=\"_ _9\"></span>6 Derivativ<span class=\"_ _9\"></span>e financial instr<span class=\"_ _7\"></span>uments The G<span class=\"_ _7\"></span>roup en<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ere<span class=\"_ _7\"></span>d into both ex<span class=\"_ _9\"></span>cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>-<span class=\"_ _9\"></span>trad<span class=\"_ _7\"></span>ed and over<span class=\"_ _9\"></span>-the-c<span class=\"_ _7\"></span>ounter de<span class=\"_ _7\"></span>rivative co<span class=\"_ _7\"></span>ntracts for a nu<span class=\"_ _7\"></span>mber of pu<span class=\"_ _7\"></span>rpose<span class=\"_ _7\"></span>s dur<span class=\"_ _7\"></span>ing 2023<span class=\"_ _9\"></span>. <span class=\"ls8 ws4\"> </span>The G<span class=\"_ _7\"></span>roup had th<span class=\"_ _7\"></span>e right a<span class=\"_ _7\"></span>nd intention to set<span class=\"_ _7\"></span>tle eac<span class=\"_ _7\"></span>h contrac<span class=\"_ _7\"></span>t on a net bas<span class=\"_ _7\"></span>is. The as<span class=\"_ _7\"></span>sets and l<span class=\"_ _7\"></span>iabil<span class=\"_ _7\"></span>ities of the<span class=\"_ _7\"></span>se contra<span class=\"_ _7\"></span>cts at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023 all matu<span class=\"_ _7\"></span>re within o<span class=\"_ _7\"></span>ne year of the ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e shee<span class=\"_ _7\"></span>t date and are det<span class=\"_ _7\"></span>ailed b<span class=\"_ _7\"></span>elow:<span class=\"_ _304\"> </span>3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _304\"> </span><table class=\"s w473 hc6\" id=\"_5cb214d2-b091-419c-bf03-f4d79a28eb77\"><tr><td></td><td class=\"t m0 x879 h43 y2097 ff64 fs28 fc2 sc0 ls175 ws248\">Gross<span class=\"_ _9\"></span> contract<span class=\"_ _304\"> </span></td><td class=\"t m0 x6f2 h43 y2097 ff64 fs28 fc2 sc0 lse4 ws15d\">Fair v<span class=\"_ _7\"></span>alu<span class=\"_ _7\"></span>e<span class=\"_ _304\"> </span></td><td class=\"t m0 x7ba h43 y2097 ff64 fs28 fc2 sc0 lse4 ws15d\">Fair v<span class=\"_ _7\"></span>alu<span class=\"_ _7\"></span>e<span class=\"_ _304\"> </span></td><td class=\"t m0 x87a h43 y2097 ff64 fs28 fc2 sc0 lse6 ws138\">Net balance</td></tr><tr><td></td><td class=\"t m0 x87b h43 y2098 ff64 fs28 fc2 sc0 lse6 ws138\"> notional amount<span class=\"_ _304\"> </span></td><td class=\"t m0 x25e h43 y2098 ff64 fs28 fc2 sc0 lse4 ws15d\">of as<span class=\"_ _7\"></span>se<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></td><td class=\"t m0 x87c h43 y2098 ff64 fs28 fc2 sc0 ls131 ws1b8\">of liabilities<span class=\"_ _304\"> </span></td><td class=\"t m0 x824 h43 y2098 ff64 fs28 fc2 sc0 lse6 ws138\">sheet position</td></tr><tr><td></td><td class=\"t m0 x6f4 h43 y2099 ff64 fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y2099 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h43 y2099 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y2099 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb h25 y209a ff64 fs7 fc2 sc0 ls38 ws41\">Der<span class=\"_ _7\"></span>ivative financi<span class=\"_ _7\"></span>al instr<span class=\"_ _7\"></span>ument<span class=\"_ _7\"></span>s include<span class=\"_ _7\"></span>d on bal<span class=\"_ _7\"></span>ance sh<span class=\"_ _7\"></span>eet<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y209b w474 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Foreign<span class=\"_ _9\"></span> exchange<span class=\"_ _9\"></span> for<span class=\"_ _7\"></span>w<span class=\"_ _9\"></span>ard contra<span class=\"_ _9\"></span>cts<span class=\"_ _304\"> </span></div></td><td class=\"c n x87d y209b w68 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">5.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x87e y209b w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x87f y209b w420 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x880 y209b w420 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y209c w475 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Interest rat<span class=\"_ _9\"></span>e futures contracts<span class=\"_ _304\"> </span></div></td><td class=\"c n x881 y209c w476 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12c ws1b0\">16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x608 y209c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x882 y209c w16a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x883 y209c w477 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(0.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y209d ff5f fs7 fc2 sc0 ls38 ws41\">The fo<span class=\"_ _7\"></span>reign excha<span class=\"_ _7\"></span>nge for<span class=\"_ _7\"></span>ward co<span class=\"_ _7\"></span>ntracts are re<span class=\"_ _7\"></span>prese<span class=\"_ _7\"></span>nted by gross fai<span class=\"_ _7\"></span>r value of as<span class=\"_ _7\"></span>sets and li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties as d<span class=\"_ _7\"></span>etaile<span class=\"_ _7\"></span>d bel<span class=\"_ _7\"></span>ow<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f7e w478 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Gros<span class=\"_ _7\"></span>s fair valu<span class=\"_ _7\"></span>e of assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1f7e w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x885 y1f7e w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x886 y1f7e wea h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">4<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x887 y1f7e wea h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">4<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f8d w479 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws89\">Gross fair value of liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1f8d w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x885 y1f8d w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x888 y1f8d w47a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4<span class=\"_ _7\"></span>.8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x889 y1f8d w47b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x88a y1e80 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x88b y1e80 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x88c y1e80 w420 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x88d y1e80 w420 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr></table>3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022<span class=\"_ _304\"> </span><table class=\"s w47c hc7\" id=\"_f364bbcb-46c7-4abf-b749-4f4d423e685d\"><tr><td></td><td class=\"t m0 x271 h44 y209e ff5f fs28 fc2 sc0 ls117 ws17c\">Gross contract<span class=\"_ _304\"> </span></td><td class=\"t m0 x25e h44 y209e ff5f fs28 fc2 sc0 lse6 ws138\">Fair value<span class=\"_ _304\"> </span></td><td class=\"t m0 x6f0 h44 y209e ff5f fs28 fc2 sc0 lse6 ws138\">Fair value<span class=\"_ _304\"> </span></td><td class=\"t m0 x88e h44 y209e ff5f fs28 fc2 sc0 ls34 ws1cb\">Net balan<span class=\"_ _9\"></span>ce</td></tr><tr><td></td><td class=\"t m0 x88f h44 y209f ff5f fs28 fc2 sc0 lsed ws139\"> notional amount<span class=\"_ _304\"> </span></td><td class=\"t m0 x264 h44 y209f ff5f fs28 fc2 sc0 lse4 ws15d\">of as<span class=\"_ _7\"></span>sets<span class=\"_ _304\"> </span></td><td class=\"t m0 x5df h44 y209f ff5f fs28 fc2 sc0 ls10a ws15e\">of liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></td><td class=\"t m0 x890 h44 y209f ff5f fs28 fc2 sc0 ls10a ws15e\">sheet position</td></tr><tr><td></td><td class=\"t m0 x6f4 h44 y20a0 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h44 y20a0 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h44 y20a0 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y20a0 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y20a1 ff5f fs7 fc2 sc0 ls3b ws44\">Derivativ<span class=\"_ _9\"></span>e financial inst<span class=\"_ _9\"></span>ruments included on b<span class=\"_ _9\"></span>alance sheet<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20a2 w474 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Foreign<span class=\"_ _9\"></span> exchange<span class=\"_ _9\"></span> for<span class=\"_ _7\"></span>w<span class=\"_ _9\"></span>ard contra<span class=\"_ _9\"></span>cts<span class=\"_ _304\"> </span></div></td><td class=\"c n x87d y20a2 w38c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">8.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x470 y20a2 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x891 y20a2 w406 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x892 y20a2 w311 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(0.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2094 w475 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Interest rat<span class=\"_ _9\"></span>e futures contracts<span class=\"_ _304\"> </span></div></td><td class=\"c n x881 y2094 w3e3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">34.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x893 y2094 w47d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x894 y2094 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x895 y2094 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y20a3 ff5f fs7 fc2 sc0 ls38 ws41\">The fo<span class=\"_ _7\"></span>reign excha<span class=\"_ _7\"></span>nge for<span class=\"_ _7\"></span>ward co<span class=\"_ _7\"></span>ntracts are re<span class=\"_ _7\"></span>prese<span class=\"_ _7\"></span>nted by gross fai<span class=\"_ _7\"></span>r value of as<span class=\"_ _7\"></span>sets and li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties as d<span class=\"_ _7\"></span>etaile<span class=\"_ _7\"></span>d bel<span class=\"_ _7\"></span>ow<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f86 w478 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Gros<span class=\"_ _7\"></span>s fair valu<span class=\"_ _7\"></span>e of assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1f86 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x896 y1f86 w47e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x73b y1f86 w47f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">6.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x897 y1f86 w32f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w479 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws89\">Gross fair value of liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x898 y1ed8 w311 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(0.8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x899 y1ed8 w480 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x89a y1ed8 w336 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(7<span class=\"_ _a\"></span>.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x88a y1e80 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x88b y1e80 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x89b y1e80 w311 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x89c y1e80 w311 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(0.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr></table>Foreign<span class=\"_ _9\"></span> exchange<span class=\"_ _9\"></span> for<span class=\"_ _7\"></span>w<span class=\"_ _9\"></span>ard contra<span class=\"_ _9\"></span>cts<span class=\"_ _304\"> </span>Dur<span class=\"_ _7\"></span>ing the cu<span class=\"_ _7\"></span>rrent a<span class=\"_ _7\"></span>nd prio<span class=\"_ _7\"></span>r year<span class=\"_ _a\"></span>, th<span class=\"_ _7\"></span>e Group e<span class=\"_ _7\"></span>ntered into a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>ser<span class=\"_ _7\"></span>ies of co<span class=\"_ _7\"></span>nventiona<span class=\"_ _7\"></span>l over<span class=\"_ _a\"></span>-the-<span class=\"_ _7\"></span>counter fo<span class=\"_ _7\"></span>rwa<span class=\"_ _7\"></span>rd contracts i<span class=\"_ _7\"></span>n order to sec<span class=\"_ _7\"></span>ure transl<span class=\"_ _7\"></span>ation ga<span class=\"_ _7\"></span>ins made o<span class=\"_ _7\"></span>n Euro<span class=\"_ _9\"></span>, US Do<span class=\"_ _7\"></span>llar a<span class=\"_ _7\"></span>nd other no<span class=\"_ _7\"></span>n-Sterlin<span class=\"_ _7\"></span>g deno<span class=\"_ _7\"></span>minated mo<span class=\"_ _7\"></span>netar<span class=\"_ _7\"></span>y as<span class=\"_ _7\"></span>sets. The c<span class=\"_ _7\"></span>ontracts re<span class=\"_ _7\"></span>quire <span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _7\"></span>up to f<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>ward s<span class=\"_ _7\"></span>ell a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>fixed a<span class=\"_ _7\"></span>mount of the re<span class=\"_ _7\"></span>levant cu<span class=\"_ _7\"></span>rrenc<span class=\"_ _7\"></span>y for Sterlin<span class=\"_ _7\"></span>g at pre-agre<span class=\"_ _7\"></span>ed fu<span class=\"_ _7\"></span>ture exchang<span class=\"_ _7\"></span>e rates. The G<span class=\"_ _7\"></span>roup<span class=\"ls8 ws4\"> </span>made a l<span class=\"_ _7\"></span>oss of $0.<span class=\"_ _a\"></span>1 millio<span class=\"_ _7\"></span>n on the for<span class=\"_ _7\"></span>ward co<span class=\"_ _7\"></span>ntracts dur<span class=\"_ _7\"></span>ing the yea<span class=\"_ _7\"></span>r (2<span class=\"_ _9\"></span>022: gain of $<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.3 m<span class=\"_ _7\"></span>illion)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Interest rat<span class=\"_ _9\"></span>e futures contracts<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>o he<span class=\"_ _7\"></span>dge the intere<span class=\"_ _7\"></span>st rate risk th<span class=\"_ _7\"></span>e Group is ex<span class=\"_ _7\"></span>posed to, it continu<span class=\"_ _7\"></span>ed to sell a nu<span class=\"_ _7\"></span>mber of gover<span class=\"_ _7\"></span>nme<span class=\"_ _7\"></span>nt bond f<span class=\"_ _7\"></span>utures d<span class=\"_ _7\"></span>enomi<span class=\"_ _7\"></span>nated <span class=\"ls8 ws4\"> </span>in a ran<span class=\"_ _7\"></span>ge of curre<span class=\"_ _7\"></span>ncie<span class=\"_ _7\"></span>s. All are excha<span class=\"_ _7\"></span>nge trad<span class=\"_ _7\"></span>ed and th<span class=\"_ _7\"></span>e Group mad<span class=\"_ _7\"></span>e a gain o<span class=\"_ _7\"></span>n these f<span class=\"_ _7\"></span>utures c<span class=\"_ _7\"></span>ontracts of $1<span class=\"_ _a\"></span>.<span class=\"_ _a\"></span>1 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>(202<span class=\"_ _9\"></span>2: gain of $7<span class=\"_ _e\"></span>.<span class=\"_ _7\"></span>2 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>) as i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>ed in the inve<span class=\"_ _7\"></span>stment re<span class=\"_ _7\"></span>sult in note 7<span class=\"_ _20\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-477": {
   "value": "1<span class=\"_ _9\"></span>6 Derivativ<span class=\"_ _9\"></span>e financial instr<span class=\"_ _7\"></span>uments The G<span class=\"_ _7\"></span>roup en<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ere<span class=\"_ _7\"></span>d into both ex<span class=\"_ _9\"></span>cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>-<span class=\"_ _9\"></span>trad<span class=\"_ _7\"></span>ed and over<span class=\"_ _9\"></span>-the-c<span class=\"_ _7\"></span>ounter de<span class=\"_ _7\"></span>rivative co<span class=\"_ _7\"></span>ntracts for a nu<span class=\"_ _7\"></span>mber of pu<span class=\"_ _7\"></span>rpose<span class=\"_ _7\"></span>s dur<span class=\"_ _7\"></span>ing 2023<span class=\"_ _9\"></span>. <span class=\"ls8 ws4\"> </span>The G<span class=\"_ _7\"></span>roup had th<span class=\"_ _7\"></span>e right a<span class=\"_ _7\"></span>nd intention to set<span class=\"_ _7\"></span>tle eac<span class=\"_ _7\"></span>h contrac<span class=\"_ _7\"></span>t on a net bas<span class=\"_ _7\"></span>is. The as<span class=\"_ _7\"></span>sets and l<span class=\"_ _7\"></span>iabil<span class=\"_ _7\"></span>ities of the<span class=\"_ _7\"></span>se contra<span class=\"_ _7\"></span>cts at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023 all matu<span class=\"_ _7\"></span>re within o<span class=\"_ _7\"></span>ne year of the ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e shee<span class=\"_ _7\"></span>t date and are det<span class=\"_ _7\"></span>ailed b<span class=\"_ _7\"></span>elow:<span class=\"_ _304\"> </span>3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _304\"> </span><table class=\"s w473 hc6\" id=\"_5cb214d2-b091-419c-bf03-f4d79a28eb77\"><tr><td></td><td class=\"t m0 x879 h43 y2097 ff64 fs28 fc2 sc0 ls175 ws248\">Gross<span class=\"_ _9\"></span> contract<span class=\"_ _304\"> </span></td><td class=\"t m0 x6f2 h43 y2097 ff64 fs28 fc2 sc0 lse4 ws15d\">Fair v<span class=\"_ _7\"></span>alu<span class=\"_ _7\"></span>e<span class=\"_ _304\"> </span></td><td class=\"t m0 x7ba h43 y2097 ff64 fs28 fc2 sc0 lse4 ws15d\">Fair v<span class=\"_ _7\"></span>alu<span class=\"_ _7\"></span>e<span class=\"_ _304\"> </span></td><td class=\"t m0 x87a h43 y2097 ff64 fs28 fc2 sc0 lse6 ws138\">Net balance</td></tr><tr><td></td><td class=\"t m0 x87b h43 y2098 ff64 fs28 fc2 sc0 lse6 ws138\"> notional amount<span class=\"_ _304\"> </span></td><td class=\"t m0 x25e h43 y2098 ff64 fs28 fc2 sc0 lse4 ws15d\">of as<span class=\"_ _7\"></span>se<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></td><td class=\"t m0 x87c h43 y2098 ff64 fs28 fc2 sc0 ls131 ws1b8\">of liabilities<span class=\"_ _304\"> </span></td><td class=\"t m0 x824 h43 y2098 ff64 fs28 fc2 sc0 lse6 ws138\">sheet position</td></tr><tr><td></td><td class=\"t m0 x6f4 h43 y2099 ff64 fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y2099 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h43 y2099 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y2099 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb h25 y209a ff64 fs7 fc2 sc0 ls38 ws41\">Der<span class=\"_ _7\"></span>ivative financi<span class=\"_ _7\"></span>al instr<span class=\"_ _7\"></span>ument<span class=\"_ _7\"></span>s include<span class=\"_ _7\"></span>d on bal<span class=\"_ _7\"></span>ance sh<span class=\"_ _7\"></span>eet<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y209b w474 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Foreign<span class=\"_ _9\"></span> exchange<span class=\"_ _9\"></span> for<span class=\"_ _7\"></span>w<span class=\"_ _9\"></span>ard contra<span class=\"_ _9\"></span>cts<span class=\"_ _304\"> </span></div></td><td class=\"c n x87d y209b w68 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">5.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x87e y209b w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x87f y209b w420 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x880 y209b w420 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y209c w475 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Interest rat<span class=\"_ _9\"></span>e futures contracts<span class=\"_ _304\"> </span></div></td><td class=\"c n x881 y209c w476 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12c ws1b0\">16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x608 y209c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x882 y209c w16a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x883 y209c w477 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(0.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y209d ff5f fs7 fc2 sc0 ls38 ws41\">The fo<span class=\"_ _7\"></span>reign excha<span class=\"_ _7\"></span>nge for<span class=\"_ _7\"></span>ward co<span class=\"_ _7\"></span>ntracts are re<span class=\"_ _7\"></span>prese<span class=\"_ _7\"></span>nted by gross fai<span class=\"_ _7\"></span>r value of as<span class=\"_ _7\"></span>sets and li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties as d<span class=\"_ _7\"></span>etaile<span class=\"_ _7\"></span>d bel<span class=\"_ _7\"></span>ow<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f7e w478 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Gros<span class=\"_ _7\"></span>s fair valu<span class=\"_ _7\"></span>e of assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1f7e w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x885 y1f7e w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x886 y1f7e wea h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">4<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x887 y1f7e wea h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">4<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f8d w479 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws89\">Gross fair value of liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1f8d w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x885 y1f8d w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x888 y1f8d w47a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4<span class=\"_ _7\"></span>.8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x889 y1f8d w47b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x88a y1e80 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x88b y1e80 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x88c y1e80 w420 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x88d y1e80 w420 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr></table>3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2022<span class=\"_ _304\"> </span><table class=\"s w47c hc7\" id=\"_f364bbcb-46c7-4abf-b749-4f4d423e685d\"><tr><td></td><td class=\"t m0 x271 h44 y209e ff5f fs28 fc2 sc0 ls117 ws17c\">Gross contract<span class=\"_ _304\"> </span></td><td class=\"t m0 x25e h44 y209e ff5f fs28 fc2 sc0 lse6 ws138\">Fair value<span class=\"_ _304\"> </span></td><td class=\"t m0 x6f0 h44 y209e ff5f fs28 fc2 sc0 lse6 ws138\">Fair value<span class=\"_ _304\"> </span></td><td class=\"t m0 x88e h44 y209e ff5f fs28 fc2 sc0 ls34 ws1cb\">Net balan<span class=\"_ _9\"></span>ce</td></tr><tr><td></td><td class=\"t m0 x88f h44 y209f ff5f fs28 fc2 sc0 lsed ws139\"> notional amount<span class=\"_ _304\"> </span></td><td class=\"t m0 x264 h44 y209f ff5f fs28 fc2 sc0 lse4 ws15d\">of as<span class=\"_ _7\"></span>sets<span class=\"_ _304\"> </span></td><td class=\"t m0 x5df h44 y209f ff5f fs28 fc2 sc0 ls10a ws15e\">of liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></td><td class=\"t m0 x890 h44 y209f ff5f fs28 fc2 sc0 ls10a ws15e\">sheet position</td></tr><tr><td></td><td class=\"t m0 x6f4 h44 y20a0 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h44 y20a0 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h44 y20a0 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y20a0 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y20a1 ff5f fs7 fc2 sc0 ls3b ws44\">Derivativ<span class=\"_ _9\"></span>e financial inst<span class=\"_ _9\"></span>ruments included on b<span class=\"_ _9\"></span>alance sheet<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20a2 w474 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Foreign<span class=\"_ _9\"></span> exchange<span class=\"_ _9\"></span> for<span class=\"_ _7\"></span>w<span class=\"_ _9\"></span>ard contra<span class=\"_ _9\"></span>cts<span class=\"_ _304\"> </span></div></td><td class=\"c n x87d y20a2 w38c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">8.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x470 y20a2 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x891 y20a2 w406 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x892 y20a2 w311 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(0.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2094 w475 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Interest rat<span class=\"_ _9\"></span>e futures contracts<span class=\"_ _304\"> </span></div></td><td class=\"c n x881 y2094 w3e3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">34.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x893 y2094 w47d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x894 y2094 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x895 y2094 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y20a3 ff5f fs7 fc2 sc0 ls38 ws41\">The fo<span class=\"_ _7\"></span>reign excha<span class=\"_ _7\"></span>nge for<span class=\"_ _7\"></span>ward co<span class=\"_ _7\"></span>ntracts are re<span class=\"_ _7\"></span>prese<span class=\"_ _7\"></span>nted by gross fai<span class=\"_ _7\"></span>r value of as<span class=\"_ _7\"></span>sets and li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties as d<span class=\"_ _7\"></span>etaile<span class=\"_ _7\"></span>d bel<span class=\"_ _7\"></span>ow<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f86 w478 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Gros<span class=\"_ _7\"></span>s fair valu<span class=\"_ _7\"></span>e of assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1f86 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x896 y1f86 w47e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x73b y1f86 w47f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">6.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x897 y1f86 w32f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w479 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws89\">Gross fair value of liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x898 y1ed8 w311 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(0.8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x899 y1ed8 w480 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x89a y1ed8 w336 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(7<span class=\"_ _a\"></span>.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x88a y1e80 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x88b y1e80 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x89b y1e80 w311 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x89c y1e80 w311 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(0.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr></table>Foreign<span class=\"_ _9\"></span> exchange<span class=\"_ _9\"></span> for<span class=\"_ _7\"></span>w<span class=\"_ _9\"></span>ard contra<span class=\"_ _9\"></span>cts<span class=\"_ _304\"> </span>Dur<span class=\"_ _7\"></span>ing the cu<span class=\"_ _7\"></span>rrent a<span class=\"_ _7\"></span>nd prio<span class=\"_ _7\"></span>r year<span class=\"_ _a\"></span>, th<span class=\"_ _7\"></span>e Group e<span class=\"_ _7\"></span>ntered into a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>ser<span class=\"_ _7\"></span>ies of co<span class=\"_ _7\"></span>nventiona<span class=\"_ _7\"></span>l over<span class=\"_ _a\"></span>-the-<span class=\"_ _7\"></span>counter fo<span class=\"_ _7\"></span>rwa<span class=\"_ _7\"></span>rd contracts i<span class=\"_ _7\"></span>n order to sec<span class=\"_ _7\"></span>ure transl<span class=\"_ _7\"></span>ation ga<span class=\"_ _7\"></span>ins made o<span class=\"_ _7\"></span>n Euro<span class=\"_ _9\"></span>, US Do<span class=\"_ _7\"></span>llar a<span class=\"_ _7\"></span>nd other no<span class=\"_ _7\"></span>n-Sterlin<span class=\"_ _7\"></span>g deno<span class=\"_ _7\"></span>minated mo<span class=\"_ _7\"></span>netar<span class=\"_ _7\"></span>y as<span class=\"_ _7\"></span>sets. The c<span class=\"_ _7\"></span>ontracts re<span class=\"_ _7\"></span>quire <span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _7\"></span>up to f<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>ward s<span class=\"_ _7\"></span>ell a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>fixed a<span class=\"_ _7\"></span>mount of the re<span class=\"_ _7\"></span>levant cu<span class=\"_ _7\"></span>rrenc<span class=\"_ _7\"></span>y for Sterlin<span class=\"_ _7\"></span>g at pre-agre<span class=\"_ _7\"></span>ed fu<span class=\"_ _7\"></span>ture exchang<span class=\"_ _7\"></span>e rates. The G<span class=\"_ _7\"></span>roup<span class=\"ls8 ws4\"> </span>made a l<span class=\"_ _7\"></span>oss of $0.<span class=\"_ _a\"></span>1 millio<span class=\"_ _7\"></span>n on the for<span class=\"_ _7\"></span>ward co<span class=\"_ _7\"></span>ntracts dur<span class=\"_ _7\"></span>ing the yea<span class=\"_ _7\"></span>r (2<span class=\"_ _9\"></span>022: gain of $<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.3 m<span class=\"_ _7\"></span>illion)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Interest rat<span class=\"_ _9\"></span>e futures contracts<span class=\"_ _304\"> </span>T<span class=\"_ _a\"></span>o he<span class=\"_ _7\"></span>dge the intere<span class=\"_ _7\"></span>st rate risk th<span class=\"_ _7\"></span>e Group is ex<span class=\"_ _7\"></span>posed to, it continu<span class=\"_ _7\"></span>ed to sell a nu<span class=\"_ _7\"></span>mber of gover<span class=\"_ _7\"></span>nme<span class=\"_ _7\"></span>nt bond f<span class=\"_ _7\"></span>utures d<span class=\"_ _7\"></span>enomi<span class=\"_ _7\"></span>nated <span class=\"ls8 ws4\"> </span>in a ran<span class=\"_ _7\"></span>ge of curre<span class=\"_ _7\"></span>ncie<span class=\"_ _7\"></span>s. All are excha<span class=\"_ _7\"></span>nge trad<span class=\"_ _7\"></span>ed and th<span class=\"_ _7\"></span>e Group mad<span class=\"_ _7\"></span>e a gain o<span class=\"_ _7\"></span>n these f<span class=\"_ _7\"></span>utures c<span class=\"_ _7\"></span>ontracts of $1<span class=\"_ _a\"></span>.<span class=\"_ _a\"></span>1 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>(202<span class=\"_ _9\"></span>2: gain of $7<span class=\"_ _e\"></span>.<span class=\"_ _7\"></span>2 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>) as i<span class=\"_ _7\"></span>nclud<span class=\"_ _7\"></span>ed in the inve<span class=\"_ _7\"></span>stment re<span class=\"_ _7\"></span>sult in note 7<span class=\"_ _20\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfHedgeAccountingExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-490": {
   "value": "1<span class=\"_ _a\"></span>7 Fai<span class=\"_ _7\"></span>r value me<span class=\"_ _7\"></span>asu<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nts In acc<span class=\"_ _7\"></span>ordanc<span class=\"_ _7\"></span>e with IFRS 1<span class=\"_ _9\"></span>3 <span class=\"ff68\">Fair Value Meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt,</span> the fair val<span class=\"_ _7\"></span>ue of fina<span class=\"_ _7\"></span>ncia<span class=\"_ _7\"></span>l instru<span class=\"_ _7\"></span>ments, bas<span class=\"_ _7\"></span>ed on a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>thre<span class=\"_ _7\"></span>e-level f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> hie<span class=\"_ _7\"></span>rarchy that ref<span class=\"_ _7\"></span>lec<span class=\"_ _7\"></span>ts the signi<span class=\"_ _7\"></span>fic<span class=\"_ _7\"></span>ance of the i<span class=\"_ _7\"></span>nputs us<span class=\"_ _7\"></span>ed in me<span class=\"_ _7\"></span>asur<span class=\"_ _7\"></span>ing the fai<span class=\"_ _7\"></span>r value, is set ou<span class=\"_ _7\"></span>t below<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>As at 31 Dece<span class=\"_ _7\"></span>mber 20<span class=\"_ _7\"></span>23<span class=\"_ _304\"> </span><table class=\"s w481 hc8\" id=\"_6495723b-9c4c-4782-a773-10641fc026dd\"><tr><td></td><td class=\"t m0 x89d h43 y20a4 ff64 fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 1<span class=\"_ _304\"> </span></td><td class=\"t m0 x89e h43 y20a4 ff64 fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 2<span class=\"_ _304\"> </span></td><td class=\"t m0 x89f h43 y20a4 ff64 fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 3<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y20a4 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3d7 h43 y20a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h43 y20a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h43 y20a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y20a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 h25 y20a6 ff64 fs7 fc2 sc0 ls3c ws45\">Financial assets<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2051 w1c6 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a0 y2051 w17 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a1 y2051 w482 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws199\">5,03<span class=\"_ _7\"></span>3.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a2 y2051 wa4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6<span class=\"_ _7\"></span>4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a3 y2051 w483 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">6,333<span class=\"_ _9\"></span>.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2052 w446 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Equi<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s an<span class=\"_ _7\"></span>d inves<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt fu<span class=\"_ _7\"></span>nds<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y2052 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a4 y2052 w23b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsad wsca\">17<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a5 y2052 w484 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">3<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a6 y2052 w22 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20<span class=\"_ _7\"></span>5.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2053 w162 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">Insurance-linked funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y2053 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x885 y2053 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a7 y2053 w5d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">35.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a8 y2053 w188 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">35.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2054 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a9 y2054 w17 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 ws10a\">1,<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x8aa y2054 w485 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws155\">5<span class=\"_ _7\"></span>,20<span class=\"_ _7\"></span>8.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ab y2054 w486 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws1da\">13<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ac y2054 w71 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws155\">6<span class=\"_ _7\"></span>,57<span class=\"_ _a\"></span>4.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y20a7 ff64 fs7 fc2 sc0 ls7c ws89\">Financial liabilities<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1ed8 w454 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ad y1ed8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ae y1ed8 w436 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8af y1ed8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b0 y1ed8 w179 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1e80 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b1 y1e80 w424 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b2 y1e80 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b3 y1e80 w68 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td></tr></table>As at 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2022<span class=\"_ _304\"> </span><table class=\"s w487 hc9\" id=\"_dc99fc47-208f-4e2b-8a32-1e1c199b7610\"><tr><td></td><td class=\"t m0 x89d h44 y20a8 ff5f fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 1<span class=\"_ _304\"> </span></td><td class=\"t m0 x8b4 h44 y20a8 ff5f fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 2<span class=\"_ _304\"> </span></td><td class=\"t m0 x89f h44 y20a8 ff5f fs28 fc2 sc0 lse4 ws15d\">Leve<span class=\"_ _7\"></span>l 3<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y20a8 ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x3d7 h44 y20a9 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x200 h44 y20a9 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h44 y20a9 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y20a9 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 he y20aa ff5f fs7 fc2 sc0 ls39 ws43\">Financial assets<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2050 w1c6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Debt and fix<span class=\"_ _9\"></span>ed income holdings<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b5 y2050 w488 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b6 y2050 w489 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>2<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b7 y2050 w264 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">6<span class=\"_ _2c\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b8 y2050 wa7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5,426.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e73 w446 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws84\">Equi<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s an<span class=\"_ _7\"></span>d inves<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt fu<span class=\"_ _7\"></span>nds<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1e73 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8b9 y1e73 w48a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">3<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ba y1e73 w374 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8bb y1e73 w14e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ab w162 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">Insurance-linked funds<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y20ab w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x885 y20ab w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a7 y20ab w48b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">4<span class=\"_ _7\"></span>5.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8bc y20ab w48c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">45.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2053 w454 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ad y2053 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8bd y2053 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x8be y2053 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8bf y2053 w9d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ac w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c0 y20ac w488 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>2<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c1 y20ac wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4,5<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c2 y20ac w48d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">13<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c3 y20ac w48e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y1f96 ff5f fs7 fc2 sc0 ls3b ws44\">Financial liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1ed8 w454 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">De<span class=\"_ _7\"></span>rivati<span class=\"_ _7\"></span>ve finan<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span> instru<span class=\"_ _7\"></span>ments<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ad y1ed8 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c4 y1ed8 w110 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c5 y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c6 y1ed8 w177 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n x884 y1e80 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x896 y1e80 w47e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c7 y1e80 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x837 y1e80 w456 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>The l<span class=\"_ _7\"></span>evels of the fai<span class=\"_ _7\"></span>r value hi<span class=\"_ _7\"></span>erarc<span class=\"_ _7\"></span>hy are define<span class=\"_ _7\"></span>d by the stand<span class=\"_ _7\"></span>ard as foll<span class=\"_ _7\"></span>ows<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>A <span class=\"_ _20\"></span> <span class=\"_ _24\"></span>Leve<span class=\"_ _7\"></span>l 1 \u2013 fair valu<span class=\"_ _7\"></span>es me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d using qu<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>d price<span class=\"_ _7\"></span>s (unadjus<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>d) in active m<span class=\"_ _7\"></span>arkets for ide<span class=\"_ _7\"></span>ntical i<span class=\"_ _7\"></span>nstrum<span class=\"_ _7\"></span>ents;<span class=\"_ _304\"> </span>A<span class=\"_ _8\"> </span><span class=\"ff5f ls38 ws41\"> <span class=\"_ _a\"></span> <span class=\"_ _24\"></span>Level 2 \u2013 fair va<span class=\"_ _7\"></span>lues m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>red usin<span class=\"_ _7\"></span>g direc<span class=\"_ _7\"></span>tly or indi<span class=\"_ _7\"></span>rectly o<span class=\"_ _7\"></span>bser<span class=\"_ _7\"></span>vab<span class=\"_ _7\"></span>le inpu<span class=\"_ _7\"></span>ts or other si<span class=\"_ _7\"></span>milar va<span class=\"_ _7\"></span>luation tec<span class=\"_ _7\"></span>hniqu<span class=\"_ _7\"></span>es for <span class=\"ls8 ws4\"> </span></span>whi<span class=\"_ _7\"></span>ch all si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant inp<span class=\"_ _7\"></span>uts are bas<span class=\"_ _7\"></span>ed on ma<span class=\"_ _7\"></span>rket obse<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vable dat<span class=\"_ _7\"></span>a;<span class=\"_ _304\"> </span>A <span class=\"_ _20\"></span> <span class=\"_ _24\"></span>Leve<span class=\"_ _7\"></span>l 3 \u2013 fair valu<span class=\"_ _7\"></span>es me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d using val<span class=\"_ _7\"></span>uation tech<span class=\"_ _7\"></span>nique<span class=\"_ _7\"></span>s for whi<span class=\"_ _7\"></span>ch sig<span class=\"_ _7\"></span>nifica<span class=\"_ _7\"></span>nt inpu<span class=\"_ _7\"></span>ts are not base<span class=\"_ _7\"></span>d on mar<span class=\"_ _7\"></span>ket<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>obser<span class=\"_ _7\"></span>vable<span class=\"_ _9\"></span> data.<span class=\"_ _9\"></span> The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>es of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s financ<span class=\"_ _7\"></span>ial as<span class=\"_ _7\"></span>sets are t<span class=\"_ _7\"></span>ypic<span class=\"_ _7\"></span>ally b<span class=\"_ _7\"></span>ased o<span class=\"_ _7\"></span>n pric<span class=\"_ _7\"></span>es from nu<span class=\"_ _7\"></span>merou<span class=\"_ _7\"></span>s indep<span class=\"_ _7\"></span>ende<span class=\"_ _7\"></span>nt pri<span class=\"_ _7\"></span>cing se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice<span class=\"_ _7\"></span>s. The pri<span class=\"_ _7\"></span>cing se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice<span class=\"_ _7\"></span>s used by the i<span class=\"_ _7\"></span>nvestment m<span class=\"_ _7\"></span>anag<span class=\"_ _7\"></span>er obtain a<span class=\"_ _7\"></span>ctual tra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>on pric<span class=\"_ _7\"></span>es for se<span class=\"_ _7\"></span>curi<span class=\"_ _7\"></span>ties that h<span class=\"_ _7\"></span>ave quot<span class=\"_ _9\"></span>ed p<span class=\"_ _7\"></span>rice<span class=\"_ _7\"></span>s in acti<span class=\"_ _7\"></span>ve<span class=\"_ _9\"></span> market<span class=\"_ _9\"></span>s. For t<span class=\"_ _9\"></span>hose securities which are no<span class=\"_ _9\"></span>t actively t<span class=\"_ _9\"></span>raded, t<span class=\"_ _9\"></span>he pricing ser<span class=\"_ _7\"></span>vices use common market<span class=\"_ _9\"></span> valuation pricing models<span class=\"_ _9\"></span>. Obs<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vabl<span class=\"_ _7\"></span>e inputs us<span class=\"_ _7\"></span>ed in co<span class=\"_ _7\"></span>mmon ma<span class=\"_ _7\"></span>rket valuati<span class=\"_ _7\"></span>on pric<span class=\"_ _7\"></span>ing mod<span class=\"_ _7\"></span>els inc<span class=\"_ _7\"></span>lude, but a<span class=\"_ _7\"></span>re not limited to, broker quotes, cred<span class=\"_ _7\"></span>it ratings, interest r<span class=\"_ _7\"></span>ates and yi<span class=\"_ _7\"></span>eld cur<span class=\"_ _7\"></span>ve<span class=\"_ _7\"></span>s, prepaym<span class=\"_ _7\"></span>ent spe<span class=\"_ _7\"></span>eds, def<span class=\"_ _7\"></span>ault rates a<span class=\"_ _7\"></span>nd other suc<span class=\"_ _7\"></span>h inpu<span class=\"_ _7\"></span>ts which a<span class=\"_ _7\"></span>re availab<span class=\"_ _7\"></span>le from ma<span class=\"_ _7\"></span>rket sourc<span class=\"_ _7\"></span>es. Investme<span class=\"_ _7\"></span>nts in mutu<span class=\"_ _7\"></span>al fun<span class=\"_ _7\"></span>ds comp<span class=\"_ _7\"></span>rise a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>p<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tfol<span class=\"_ _7\"></span>io of stock investme<span class=\"_ _7\"></span>nts in tradin<span class=\"_ _7\"></span>g entitie<span class=\"_ _7\"></span>s whic<span class=\"_ _7\"></span>h are invested in va<span class=\"_ _7\"></span>rious q<span class=\"_ _7\"></span>uoted and u<span class=\"_ _7\"></span>nquoted investm<span class=\"_ _7\"></span>ents. The fa<span class=\"_ _7\"></span>ir value of th<span class=\"_ _7\"></span>ese investm<span class=\"_ _7\"></span>ent fu<span class=\"_ _7\"></span>nds is bas<span class=\"_ _7\"></span>ed on the n<span class=\"_ _7\"></span>et asset va<span class=\"_ _7\"></span>lue of the fu<span class=\"_ _7\"></span>nd as rep<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>ted by<span class=\"_ _9\"></span> inde<span class=\"_ _7\"></span>pen<span class=\"_ _7\"></span>dent pr<span class=\"_ _7\"></span>icing s<span class=\"_ _7\"></span>ource<span class=\"_ _7\"></span>s or the fun<span class=\"_ _7\"></span>d mana<span class=\"_ _7\"></span>ger<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>Incl<span class=\"_ _7\"></span>uded w<span class=\"_ _7\"></span>ithin Level 1 of the fa<span class=\"_ _7\"></span>ir value h<span class=\"_ _7\"></span>iera<span class=\"_ _7\"></span>rchy are ce<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>ain gover<span class=\"_ _7\"></span>nment b<span class=\"_ _7\"></span>onds, trea<span class=\"_ _7\"></span>sur<span class=\"_ _7\"></span>y bill<span class=\"_ _7\"></span>s, corpo<span class=\"_ _7\"></span>rate bonds hav<span class=\"_ _7\"></span>ing a quoted pri<span class=\"_ _7\"></span>ce in acti<span class=\"_ _7\"></span>ve markets, and excha<span class=\"_ _7\"></span>nge-trade<span class=\"_ _7\"></span>d equi<span class=\"_ _7\"></span>ties wh<span class=\"_ _7\"></span>ich are me<span class=\"_ _7\"></span>asure<span class=\"_ _7\"></span>d base<span class=\"_ _7\"></span>d on quoted pr<span class=\"_ _7\"></span>ices i<span class=\"_ _7\"></span>n active mar<span class=\"_ _7\"></span>kets.<span class=\"_ _9\"></span> The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e of the borrowi<span class=\"_ _7\"></span>ngs ca<span class=\"_ _7\"></span>rrie<span class=\"_ _7\"></span>d at amor<span class=\"_ _7\"></span>tis<span class=\"_ _7\"></span>ed cos<span class=\"_ _7\"></span>t is estimated at $<span class=\"_ _7\"></span>68<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$623.<span class=\"_ _20\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>m<span class=\"_ _7\"></span>illion) and i<span class=\"_ _7\"></span>s consi<span class=\"_ _7\"></span>dered <span class=\"ls8 ws4\"> </span>as Level 1 in th<span class=\"_ _7\"></span>e fair val<span class=\"_ _7\"></span>ue hie<span class=\"_ _7\"></span>rarchy<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Level 2 of the hi<span class=\"_ _7\"></span>erarchy c<span class=\"_ _7\"></span>ontain<span class=\"_ _7\"></span>s cer<span class=\"_ _7\"></span>tai<span class=\"_ _7\"></span>n governm<span class=\"_ _7\"></span>ent bon<span class=\"_ _7\"></span>ds, US govern<span class=\"_ _7\"></span>ment ag<span class=\"_ _7\"></span>encie<span class=\"_ _7\"></span>s, corp<span class=\"_ _7\"></span>orate secu<span class=\"_ _7\"></span>ritie<span class=\"_ _7\"></span>s, asset-backed sec<span class=\"_ _7\"></span>uritie<span class=\"_ _7\"></span>s and m<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tgage-ba<span class=\"_ _7\"></span>cked secu<span class=\"_ _7\"></span>ritie<span class=\"_ _7\"></span>s. The fa<span class=\"_ _7\"></span>ir value of the<span class=\"_ _7\"></span>se as<span class=\"_ _7\"></span>sets is base<span class=\"_ _7\"></span>d on the pr<span class=\"_ _7\"></span>ices o<span class=\"_ _7\"></span>btaine<span class=\"_ _7\"></span>d from ind<span class=\"_ _7\"></span>epe<span class=\"_ _7\"></span>ndent pri<span class=\"_ _7\"></span>cing sou<span class=\"_ _7\"></span>rces, investm<span class=\"_ _7\"></span>ent ma<span class=\"_ _7\"></span>nager<span class=\"_ _7\"></span>s and inve<span class=\"_ _7\"></span>stment cu<span class=\"_ _7\"></span>stodians a<span class=\"_ _7\"></span>s discus<span class=\"_ _7\"></span>sed a<span class=\"_ _7\"></span>bove<span class=\"_ _9\"></span>. T<span class=\"_ _7\"></span>he Group re<span class=\"_ _7\"></span>cords th<span class=\"_ _7\"></span>e unadju<span class=\"_ _7\"></span>sted pric<span class=\"_ _7\"></span>e provid<span class=\"_ _7\"></span>ed and va<span class=\"_ _7\"></span>lidates the pr<span class=\"_ _7\"></span>ice thro<span class=\"_ _7\"></span>ugh a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>num<span class=\"_ _7\"></span>ber of meth<span class=\"_ _7\"></span>ods incl<span class=\"_ _7\"></span>uding a<span class=\"_ gs2e8\"> </span><span class=\"_ _9\"></span>compar<span class=\"_ _7\"></span>ison of the p<span class=\"_ _7\"></span>rice<span class=\"_ _7\"></span>s provide<span class=\"_ _7\"></span>d by the investme<span class=\"_ _7\"></span>nt man<span class=\"_ _7\"></span>ager<span class=\"_ _7\"></span>s with the inves<span class=\"_ _7\"></span>tment cu<span class=\"_ _7\"></span>st<span class=\"_ _9\"></span>od<span class=\"_ _7\"></span>ians a<span class=\"_ _7\"></span>nd the valuati<span class=\"_ _7\"></span>on use<span class=\"_ _7\"></span>d by e<span class=\"_ _9\"></span>x<span class=\"_ _7\"></span>terna<span class=\"_ _7\"></span>l par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o de<span class=\"_ _7\"></span>rive fai<span class=\"_ _7\"></span>r value. Qu<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>ed p<span class=\"_ _7\"></span>rice<span class=\"_ _7\"></span>s for US govern<span class=\"_ _7\"></span>ment ag<span class=\"_ _7\"></span>enci<span class=\"_ _7\"></span>es and c<span class=\"_ _7\"></span>orpo<span class=\"_ _7\"></span>rate secur<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>re based o<span class=\"_ _7\"></span>n a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>limi<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed n<span class=\"_ _7\"></span>umbe<span class=\"_ _7\"></span>r of transac<span class=\"_ _7\"></span>tions for tho<span class=\"_ _7\"></span>se secu<span class=\"_ _7\"></span>ritie<span class=\"_ _7\"></span>s and as s<span class=\"_ _7\"></span>uch <span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _7\"></span>up cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>s these in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nts to have simila<span class=\"_ _7\"></span>r charac<span class=\"_ _7\"></span>teristic<span class=\"_ _7\"></span>s to those instr<span class=\"_ _7\"></span>uments c<span class=\"_ _7\"></span>lassi<span class=\"_ _7\"></span>fied as Leve<span class=\"_ _7\"></span>l 2<span class=\"_ _9\"></span>. Als<span class=\"_ _7\"></span>o includ<span class=\"_ _7\"></span>ed withi<span class=\"_ _7\"></span>n Level 2 are un<span class=\"_ _7\"></span>its held i<span class=\"_ _7\"></span>n colle<span class=\"_ _7\"></span>ctive investm<span class=\"_ _7\"></span>ent vehi<span class=\"_ _7\"></span>cles i<span class=\"_ _7\"></span>nvesting in trad<span class=\"_ _7\"></span>itiona<span class=\"_ _7\"></span>l and al<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rnative inves<span class=\"_ _7\"></span>tment strategi<span class=\"_ _7\"></span>es an<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>ov<span class=\"_ _9\"></span>er<span class=\"_ _9\"></span>-<span class=\"_ _9\"></span>the-coun<span class=\"_ _9\"></span>ter d<span class=\"_ _9\"></span>erivativ<span class=\"_ _9\"></span>es.<span class=\"_ _304\"> </span>Level 3 co<span class=\"_ _7\"></span>ntains inve<span class=\"_ _7\"></span>stments in li<span class=\"_ _7\"></span>mited par<span class=\"_ _7\"></span>tn<span class=\"_ _7\"></span>ersh<span class=\"_ _7\"></span>ips, unqu<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>ed e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y sec<span class=\"_ _7\"></span>uritie<span class=\"_ _7\"></span>s and in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce-li<span class=\"_ _7\"></span>nked fun<span class=\"_ _7\"></span>ds whic<span class=\"_ _7\"></span>h have limited obse<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vable i<span class=\"_ _7\"></span>nputs on w<span class=\"_ _7\"></span>hich to mea<span class=\"_ _7\"></span>sure fai<span class=\"_ _7\"></span>r value. Unqu<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>ed e<span class=\"_ _7\"></span>quiti<span class=\"_ _7\"></span>es, inclu<span class=\"_ _7\"></span>ding e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y instru<span class=\"_ _7\"></span>ments in l<span class=\"_ _7\"></span>imited par<span class=\"_ _7\"></span>tn<span class=\"_ _7\"></span>ersh<span class=\"_ _7\"></span>ips, are car<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>d at fair valu<span class=\"_ _7\"></span>e. Fair value is d<span class=\"_ _7\"></span>etermin<span class=\"_ _7\"></span>ed to be net ass<span class=\"_ _7\"></span>et value for th<span class=\"_ _7\"></span>e limited pa<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tners<span class=\"_ _7\"></span>hips, and fo<span class=\"_ _7\"></span>r the equ<span class=\"_ _7\"></span>ity h<span class=\"_ _7\"></span>olding<span class=\"_ _7\"></span>s it is determ<span class=\"_ _7\"></span>ined to be the l<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>st availab<span class=\"_ _7\"></span>le traded p<span class=\"_ _7\"></span>rice. T<span class=\"_ _7\"></span>he ef<span class=\"_ _7\"></span>fect of ch<span class=\"_ _7\"></span>angin<span class=\"_ _7\"></span>g one or mo<span class=\"_ _7\"></span>re inputs u<span class=\"_ _7\"></span>sed in the m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>reme<span class=\"_ _7\"></span>nt of fair <span class=\"ls8 ws4\"> </span>value of th<span class=\"_ _7\"></span>ese instr<span class=\"_ _7\"></span>ume<span class=\"_ _7\"></span>nts t<span class=\"_ _9\"></span>o an<span class=\"_ _7\"></span>other rea<span class=\"_ _7\"></span>sonab<span class=\"_ _7\"></span>ly pos<span class=\"_ _7\"></span>sible a<span class=\"_ _7\"></span>ssum<span class=\"_ _7\"></span>ption would not be s<span class=\"_ _7\"></span>ignifi<span class=\"_ _7\"></span>cant. At 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023,<span class=\"_ _9\"></span> the ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e-linke<span class=\"_ _7\"></span>d funds of $<span class=\"_ _7\"></span>35.<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion repre<span class=\"_ _7\"></span>sent th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s i<span class=\"_ _7\"></span>nvestment in th<span class=\"_ _7\"></span>e unco<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated Kisk<span class=\"_ _7\"></span>adee f<span class=\"_ _7\"></span>unds (202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$45.3<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n) as desc<span class=\"_ _7\"></span>ribe<span class=\"_ _7\"></span>d in note 1<span class=\"_ _a\"></span>4<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e of the Kis<span class=\"_ _7\"></span>kadee f<span class=\"_ _7\"></span>unds is e<span class=\"_ _7\"></span>stimated to be the net a<span class=\"_ _7\"></span>sset val<span class=\"_ _7\"></span>ue as at the ba<span class=\"_ _7\"></span>lanc<span class=\"_ _7\"></span>e shee<span class=\"_ _7\"></span>t date<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>e net as<span class=\"_ _7\"></span>set value <span class=\"ls8 ws4\"> </span>is bas<span class=\"_ _7\"></span>ed on the fa<span class=\"_ _7\"></span>ir value of the a<span class=\"_ _7\"></span>ssets an<span class=\"_ _7\"></span>d liabi<span class=\"_ _7\"></span>litie<span class=\"_ _7\"></span>s in the fun<span class=\"_ _7\"></span>d. The maj<span class=\"_ _7\"></span>orit<span class=\"_ _7\"></span>y of the as<span class=\"_ _7\"></span>sets of the fun<span class=\"_ _7\"></span>ds are ca<span class=\"_ _7\"></span>sh and c<span class=\"_ _7\"></span>ash equ<span class=\"_ _7\"></span>ivale<span class=\"_ _7\"></span>nts. Signifi<span class=\"_ _7\"></span>cant in<span class=\"_ _7\"></span>puts an<span class=\"_ _7\"></span>d assum<span class=\"_ _7\"></span>ptions in ca<span class=\"_ _7\"></span>lcul<span class=\"_ _7\"></span>ating the fai<span class=\"_ _7\"></span>r value of the as<span class=\"_ _7\"></span>sets and l<span class=\"_ _7\"></span>iabil<span class=\"_ _7\"></span>ities as<span class=\"_ _7\"></span>soci<span class=\"_ _7\"></span>ated with rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts wri<span class=\"_ _7\"></span>tten by the K<span class=\"_ _7\"></span>iskade<span class=\"_ _7\"></span>e fun<span class=\"_ _7\"></span>ds inclu<span class=\"_ _7\"></span>de the am<span class=\"_ _7\"></span>ount an<span class=\"_ _7\"></span>d timing of cla<span class=\"_ _7\"></span>ims payabl<span class=\"_ _7\"></span>e in resp<span class=\"_ _7\"></span>ect of cl<span class=\"_ _7\"></span>aims inc<span class=\"_ _7\"></span>urred a<span class=\"_ _7\"></span>nd pe<span class=\"_ _7\"></span>riods of unexp<span class=\"_ _7\"></span>ired ris<span class=\"_ _7\"></span>k. The G<span class=\"_ _7\"></span>roup has c<span class=\"_ _7\"></span>onsid<span class=\"_ _7\"></span>ered ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s in the net a<span class=\"_ _7\"></span>sset valu<span class=\"_ _7\"></span>ation of the Ki<span class=\"_ _7\"></span>skade<span class=\"_ _7\"></span>e fund<span class=\"_ _7\"></span>s if reas<span class=\"_ _7\"></span>onab<span class=\"_ _7\"></span>ly dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nt inpu<span class=\"_ _7\"></span>ts<span class=\"_ _9\"></span> and a<span class=\"_ _7\"></span>ssumptio<span class=\"_ _7\"></span>ns were use<span class=\"_ _7\"></span>d and ha<span class=\"_ _7\"></span>s found that a<span class=\"_ _7\"></span>n 1<span class=\"_ _20\"></span>1<span class=\"_ _a\"></span>% ch<span class=\"_ _7\"></span>ange to the fa<span class=\"_ _7\"></span>ir value of the li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties woul<span class=\"_ _7\"></span>d incre<span class=\"_ _7\"></span>ase or de<span class=\"_ _7\"></span>crea<span class=\"_ _7\"></span>se the fair value of f<span class=\"_ _7\"></span>unds by $3.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion.<span class=\"_ _304\"> </span>In ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain ca<span class=\"_ _7\"></span>ses, the in<span class=\"_ _7\"></span>puts use<span class=\"_ _7\"></span>d to measure th<span class=\"_ _7\"></span>e fair valu<span class=\"_ _7\"></span>e of a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>finan<span class=\"_ _7\"></span>cial in<span class=\"_ _7\"></span>strume<span class=\"_ _7\"></span>nt may fall i<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>o more th<span class=\"_ _7\"></span>an one l<span class=\"_ _7\"></span>evel withi<span class=\"_ _7\"></span>n the fair value h<span class=\"_ _7\"></span>iera<span class=\"_ _7\"></span>rchy<span class=\"_ _a\"></span>. In th<span class=\"_ _7\"></span>is insta<span class=\"_ _7\"></span>nce, the fair va<span class=\"_ _7\"></span>lue of the ins<span class=\"_ _7\"></span>trume<span class=\"_ _7\"></span>nt in its entiret<span class=\"_ _7\"></span>y is cl<span class=\"_ _7\"></span>assi<span class=\"_ _7\"></span>fied bas<span class=\"_ _7\"></span>ed on the l<span class=\"_ _7\"></span>owest level of inp<span class=\"_ _7\"></span>ut that is sign<span class=\"_ _7\"></span>ifica<span class=\"_ _7\"></span>nt to t<span class=\"_ _9\"></span>he f<span class=\"_ _7\"></span>air valu<span class=\"_ _7\"></span>e meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s po<span class=\"_ _7\"></span>licy is to reco<span class=\"_ _7\"></span>gnise tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>s into and transfe<span class=\"_ _7\"></span>rs ou<span class=\"_ _7\"></span>t of fair value h<span class=\"_ _7\"></span>iera<span class=\"_ _7\"></span>rchy levels at the e<span class=\"_ _7\"></span>nd of the rel<span class=\"_ _7\"></span>evant repor<span class=\"_ _7\"></span>tin<span class=\"_ _7\"></span>g per<span class=\"_ _7\"></span>iod du<span class=\"_ _7\"></span>ring wh<span class=\"_ _7\"></span>ich the tra<span class=\"_ _7\"></span>nsfer<span class=\"_ _7\"></span>s are dee<span class=\"_ _7\"></span>med to have occu<span class=\"_ _7\"></span>rred. Du<span class=\"_ _7\"></span>ring the ye<span class=\"_ _7\"></span>ar<span class=\"_ _a\"></span>, inves<span class=\"_ _7\"></span>tments of $26.<span class=\"_ _9\"></span>0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion (2022<span class=\"_ _9\"></span>: $2<span class=\"_ _9\"></span>5.9 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>) were tran<span class=\"_ _7\"></span>sferre<span class=\"_ _7\"></span>d from Level 2 to Level 3 du<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o ins<span class=\"_ _7\"></span>uf<span class=\"_ _7\"></span>ficie<span class=\"_ _7\"></span>nt obse<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vable dat<span class=\"_ _7\"></span>a being avai<span class=\"_ _7\"></span>labl<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, as a re<span class=\"_ _7\"></span>sult of re<span class=\"_ _7\"></span>duce<span class=\"_ _7\"></span>d trading volu<span class=\"_ _7\"></span>mes.<span class=\"_ _304\"> </span>The below table<span class=\"_ _9\"></span> sets f<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>th a<span class=\"_ _9\"></span><span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>reconciliation<span class=\"_ _9\"></span> of opening and<span class=\"_ _9\"></span> closing balances for<span class=\"_ _9\"></span> financial instruments<span class=\"_ _9\"></span> classified under Lev<span class=\"_ _9\"></span>el 3 <span class=\"ls8 ws4\"> </span>of the fair va<span class=\"_ _7\"></span>lue hie<span class=\"_ _7\"></span>rarchy:<span class=\"_ _304\"> </span><table class=\"s w48f hca\" id=\"_cf2ba84c-6849-4e01-9cd5-a487df4ec3d3\"><tr><td></td><td class=\"t m0 x8c8 h43 y20ad ff64 fs28 fc2 sc0 ls145 ws1dc\">31<span class=\"_ _9\"></span> December<span class=\"_ _304\"> </span></td><td class=\"t m0 x823 h44 y20ad ff5f fs28 fc2 sc0 lsa0 ws1e0\">3<span class=\"_ _9\"></span>1 December<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x26c h43 y20ae ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y20ae ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y20af ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y20af ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y20b0 w490 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Bala<span class=\"_ _7\"></span>nce at 1 Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></div></td><td class=\"c n x8c9 y20b0 w41 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ca y20b0 w491 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20b1 w492 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Fair valu<span class=\"_ _7\"></span>e losse<span class=\"_ _7\"></span>s throug<span class=\"_ _7\"></span>h profit or los<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cb y20b1 w493 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>5<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cc y20b1 w494 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(0<span class=\"_ _7\"></span>.4)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2054 w495 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange gains/<span class=\"_ _9\"></span>(losses)<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cd y2054 w2e7 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ce y2054 w496 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4.4)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa8 w497 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws120\">Set<span class=\"_ _7\"></span>tlem<span class=\"_ _7\"></span>ents<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cf y1fa8 w498 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d0 y1fa8 w499 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>7.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20b2 w49a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws98\">T<span class=\"_ _a\"></span>ransfers<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d1 y20b2 w188 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">26.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d2 y20b2 w49b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">25.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f09 w49c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls7c ws89\">Closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d3 y1f09 w426 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d4 y1f09 w49d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">13<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w49e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Net un<span class=\"_ _7\"></span>realis<span class=\"_ _7\"></span>ed gain<span class=\"_ _7\"></span>s in the per<span class=\"_ _7\"></span>iod on s<span class=\"_ _7\"></span>ecur<span class=\"_ _7\"></span>ities he<span class=\"_ _7\"></span>ld at the end of th<span class=\"_ _7\"></span>e peri<span class=\"_ _7\"></span>od<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d5 y1e80 w43b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d6 y1e80 w39 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">0.6<span class=\"_ _304\"> </span></div></td></tr></table>The c<span class=\"_ _7\"></span>losin<span class=\"_ _7\"></span>g bala<span class=\"_ _7\"></span>nce at year e<span class=\"_ _7\"></span>nd com<span class=\"_ _7\"></span>pris<span class=\"_ _7\"></span>ed $64.9 millio<span class=\"_ _7\"></span>n debt an<span class=\"_ _7\"></span>d fixed inco<span class=\"_ _7\"></span>me hold<span class=\"_ _7\"></span>ings (2022<span class=\"_ _9\"></span>: $67<span class=\"_ _e\"></span>.<span class=\"_ _a\"></span>1 mill<span class=\"_ _7\"></span>ion)<span class=\"_ _9\"></span>, $30.0 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> equ<span class=\"_ _7\"></span>ities a<span class=\"_ _7\"></span>nd investme<span class=\"_ _7\"></span>nt fund<span class=\"_ _7\"></span>s (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: $27<span class=\"_ _e\"></span>.3 m<span class=\"_ _7\"></span>illion) and $<span class=\"_ _7\"></span>35.<span class=\"_ _9\"></span>4 mill<span class=\"_ _7\"></span>ion insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e-linked f<span class=\"_ _7\"></span>unds (2022<span class=\"_ _9\"></span>: $45.3 mill<span class=\"_ _7\"></span>ion)<span class=\"_ _9\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-400": {
   "value": "<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls38 ws41 gsda8\">1<span class=\"_ _9\"></span>8 Cas<span class=\"_ _7\"></span>h and ca<span class=\"_ _7\"></span>sh e<span class=\"_ _7\"></span>quival<span class=\"_ _7\"></span>ents<span class=\"_ _304\"> </span></div><div class=\"gsc82\"><table class=\"s w23c ha3\" id=\"_47a10109-38e4-463e-bd59-447671391bc2\"><tr><td></td><td class=\"t m0 x1fb h43 y2039 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2039 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y20b3 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y20b3 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w49f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cash at b<span class=\"_ _7\"></span>ank an<span class=\"_ _7\"></span>d in hand<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d7 y1f86 w4a0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>41<span class=\"_ _9\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d8 y1f86 w4a1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w4a2 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Shor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-<span class=\"_ _9\"></span>term deposit<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d9 y1e8e w4a3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls78 ws122\">25<span class=\"_ _7\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x8da y1e8e w191 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">74<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w170 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d wsf4\">T<span class=\"_ _a\"></span>otal<span class=\"_ _304\"> </span></div></td><td class=\"c n x8db y1e80 w1e6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>4<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ac y1e80 w19c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsda9\">The Group holds<span class=\"_ _9\"></span> its cash deposits<span class=\"_ _9\"></span> with a<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>well-diversified range o<span class=\"_ _9\"></span>f banks and fi<span class=\"_ _9\"></span>nancial institut<span class=\"_ _9\"></span>ions. Cash<span class=\"_ _9\"></span> includes ov<span class=\"_ _9\"></span>ernight </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsdaa\">deposits.<span class=\"_ _9\"></span> Shor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-<span class=\"_ _9\"></span>term deposits<span class=\"_ _9\"></span> include debt securit<span class=\"_ _9\"></span>ies with an original ma<span class=\"_ _9\"></span>turity date<span class=\"_ _9\"></span> of less than<span class=\"_ _9\"></span> three mont<span class=\"_ _9\"></span>hs and money<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsdab\">market<span class=\"_ _9\"></span> funds.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-442": {
   "value": "1<span class=\"_ _9\"></span>8 Cas<span class=\"_ _7\"></span>h and ca<span class=\"_ _7\"></span>sh e<span class=\"_ _7\"></span>quival<span class=\"_ _7\"></span>ents<span class=\"_ _304\"> </span><table class=\"s w23c ha3\" id=\"_47a10109-38e4-463e-bd59-447671391bc2\"><tr><td></td><td class=\"t m0 x1fb h43 y2039 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2039 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y20b3 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y20b3 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w49f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cash at b<span class=\"_ _7\"></span>ank an<span class=\"_ _7\"></span>d in hand<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d7 y1f86 w4a0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>41<span class=\"_ _9\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d8 y1f86 w4a1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w4a2 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Shor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-<span class=\"_ _9\"></span>term deposit<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d9 y1e8e w4a3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls78 ws122\">25<span class=\"_ _7\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x8da y1e8e w191 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">74<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w170 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d wsf4\">T<span class=\"_ _a\"></span>otal<span class=\"_ _304\"> </span></div></td><td class=\"c n x8db y1e80 w1e6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>4<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ac y1e80 w19c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td></tr></table>The Group holds<span class=\"_ _9\"></span> its cash deposits<span class=\"_ _9\"></span> with a<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>well-diversified range o<span class=\"_ _9\"></span>f banks and fi<span class=\"_ _9\"></span>nancial institut<span class=\"_ _9\"></span>ions. Cash<span class=\"_ _9\"></span> includes ov<span class=\"_ _9\"></span>ernight deposits.<span class=\"_ _9\"></span> Shor<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>-<span class=\"_ _9\"></span>term deposits<span class=\"_ _9\"></span> include debt securit<span class=\"_ _9\"></span>ies with an original ma<span class=\"_ _9\"></span>turity date<span class=\"_ _9\"></span> of less than<span class=\"_ _9\"></span> three mont<span class=\"_ _9\"></span>hs and money<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>market<span class=\"_ _9\"></span> funds.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndBankBalancesAtCentralBanksExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-443": {
   "value": "<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls2 ws40 gsdad\">1<span class=\"_ _a\"></span>9 Share cap<span class=\"_ _9\"></span>ital<span class=\"_ _304\"> </span></div><div class=\"gsc8b\"><table class=\"s w4a4 ha9\" id=\"_cf3e0a62-071f-49eb-ae0c-9ba9a23a40c2\"><tr><td></td><td></td><td class=\"c n x8dc y20b5 w4a5 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff64 fs28 fc2 sc0 lse4 ws15d\">31 Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er 20<span class=\"_ _7\"></span>23<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x8dd y20b5 w4a6 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 lse4 ws15d\">3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>ce<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 2022<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x3cb h43 y20b6 ff64 fs28 fc2 sc0 lsf0 ws1b9\">Share<span class=\"_ _304\"> </span></td><td class=\"t m0 x8de h43 y20b6 ff64 fs28 fc2 sc0 ls7c ws98\">Number<span class=\"_ _304\"> </span></td><td class=\"t m0 x49a h44 y20b6 ff5f fs28 fc2 sc0 lsf1 ws228\">Share<span class=\"_ _304\"> </span></td><td class=\"t m0 x8df h44 y20b6 ff5f fs28 fc2 sc0 ls10a ws15c\">Number<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x8e0 h43 y20b7 ff64 fs28 fc2 sc0 lsf3 ws13f\">capital<span class=\"_ _304\"> </span></td><td class=\"t m0 x44d h43 y20b7 ff64 fs28 fc2 sc0 lse4 ws15d\">of sh<span class=\"_ _7\"></span>are<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x89f h44 y20b7 ff5f fs28 fc2 sc0 ls10a ws15c\">capital<span class=\"_ _304\"> </span></td><td class=\"t m0 x730 h44 y20b7 ff5f fs28 fc2 sc0 lse4 ws15d\">of sh<span class=\"_ _7\"></span>are<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 h25 y20b8 ff64 fs7 fc2 sc0 ls73 ws81\">Group<span class=\"_ _304\"> </span></td><td class=\"t m0 x499 h43 y20b8 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x8e1 h43 y20b8 ff64 fs28 fc2 sc0 ls176 ws249\">000<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h44 y20b8 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x731 h44 y20b8 ff5f fs28 fc2 sc0 ls177 ws24a\">000<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f61 w4a7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Autho<span class=\"_ _7\"></span>rised o<span class=\"_ _7\"></span>rdinar<span class=\"_ _7\"></span>y s<span class=\"_ _7\"></span>hare ca<span class=\"_ _7\"></span>pita<span class=\"_ _7\"></span>l of 6.<span class=\"_ _9\"></span>5p (2022<span class=\"_ _9\"></span>: 6.5p<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x8e2 y1f61 wfa h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls78 ws122\">425.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x8e3 y1f61 w4a8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">3,692<span class=\"_ _9\"></span>,308<span class=\"_ _304\"> </span></div></td><td class=\"c n x8e4 y1f61 w4a9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">425.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x8e5 y1f61 w4aa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">3<span class=\"_ _7\"></span>,6<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>2,<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w4ab h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Issu<span class=\"_ _7\"></span>ed ordi<span class=\"_ _7\"></span>nar<span class=\"_ _7\"></span>y sha<span class=\"_ _7\"></span>re cap<span class=\"_ _7\"></span>ital of 6.5p (202<span class=\"_ _9\"></span>2: 6<span class=\"_ _9\"></span>.5p)<span class=\"_ _304\"> </span></div></td><td class=\"c n x8e6 y1e80 w87 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">38.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x8e7 y1e80 w4ac h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">355,283<span class=\"_ _304\"> </span></div></td><td class=\"c n x8e8 y1e80 w89 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">3<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x8e9 y1e80 w4ad h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">3<span class=\"_ _7\"></span>54,0<span class=\"_ _8\"></span>67<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdae\">The a<span class=\"_ _7\"></span>mounts p<span class=\"_ _7\"></span>resented i<span class=\"_ _7\"></span>n the equi<span class=\"_ _7\"></span>ty se<span class=\"_ _7\"></span>ction of the G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s co<span class=\"_ _7\"></span>nsoli<span class=\"_ _7\"></span>dated bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet relate to Hiscox Ltd, the lega<span class=\"_ _7\"></span>l<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls73 ws48 gsdaf\">parent company<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> </div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gsdb0\">Chan<span class=\"_ _7\"></span>ges in G<span class=\"_ _7\"></span>roup sha<span class=\"_ _7\"></span>re capit<span class=\"_ _7\"></span>al and c<span class=\"_ _7\"></span>ontribu<span class=\"_ _7\"></span>ted sur<span class=\"_ _7\"></span>plus<span class=\"_ _304\"> </span></div><div class=\"gsdb1\"><table class=\"s w4ae hcb\" id=\"_25a50615-2d33-4255-ae2c-b51f376ed49f\"><tr><td></td><td class=\"t m0 x8ea h44 y20b9 ff5f fs28 fc2 sc0 lsed ws139\">Ordinary share<span class=\"_ _304\"> </span></td><td class=\"t m0 x49a h44 y20b9 ff5f fs28 fc2 sc0 lsf1 ws228\">Share<span class=\"_ _304\"> </span></td><td class=\"t m0 x8eb h44 y20b9 ff5f fs28 fc2 sc0 ls34 ws160\">Contribut<span class=\"_ _9\"></span>ed<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x8b4 h44 y20ba ff5f fs28 fc2 sc0 ls10a ws15c\">capital<span class=\"_ _304\"> </span></td><td class=\"t m0 x8ec h44 y20ba ff5f fs28 fc2 sc0 lsed ws17b\">premium<span class=\"_ _304\"> </span></td><td class=\"t m0 x8ed h44 y20ba ff5f fs28 fc2 sc0 ls10a ws15c\">surplus<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1fd h44 y20bb ff5f fs28 fc2 sc0 ls177 ws24a\">$000<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fb h44 y20bb ff5f fs28 fc2 sc0 ls177 ws24a\">$000<span class=\"_ _304\"> </span></td><td class=\"t m0 x84d h44 y20bb ff5f fs28 fc2 sc0 ls177 ws24a\">$000<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y20bc w4af h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">At 1 Janua<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y 2022<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ee y20bc w4b0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsfd ws14c\">3<span class=\"_ _7\"></span>8,<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>61<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ef y20bc w4b1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls10d ws164\">51<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>17<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f0 y20bc w4b2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls77 wsf1\">1<span class=\"_ _9\"></span>83,9<span class=\"_ _7\"></span>69<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20bd w4b3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Empl<span class=\"_ _7\"></span>oyee share o<span class=\"_ _7\"></span>ption sche<span class=\"_ _7\"></span>me \u2013 proc<span class=\"_ _7\"></span>eeds f<span class=\"_ _7\"></span>rom sha<span class=\"_ _7\"></span>res iss<span class=\"_ _7\"></span>ued<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f1 y20bd w1a3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">1<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f2 y20bd w4b4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">15<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f3 y20bd w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20be w4b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Scr<span class=\"_ _7\"></span>ip Div<span class=\"_ _7\"></span>iden<span class=\"_ _7\"></span>ds to owners of the C<span class=\"_ _7\"></span>ompa<span class=\"_ _7\"></span>ny<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f4 y20be w1aa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f5 y20be w4b6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8c ws163\">6<span class=\"_ _7\"></span>87<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f6 y20be w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20bf w4b7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">At 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2022<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f7 y20bf w4b8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">3<span class=\"_ _7\"></span>8,6<span class=\"_ _7\"></span>67<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f8 y20bf w4b9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7,<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>5<span class=\"_ _2c\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f9 y20bf w4ba h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls77 wsf1\">1<span class=\"_ _9\"></span>83,9<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f7e w4b3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Empl<span class=\"_ _7\"></span>oyee share o<span class=\"_ _7\"></span>ption sche<span class=\"_ _7\"></span>me \u2013 proc<span class=\"_ _7\"></span>eeds f<span class=\"_ _7\"></span>rom sha<span class=\"_ _7\"></span>res iss<span class=\"_ _7\"></span>ued<span class=\"_ _304\"> </span></div></td><td class=\"c n x8fa y1f7e w4bb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls178 ws24b\">90<span class=\"_ _304\"> </span></div></td><td class=\"c n x8fb y1f7e w45d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">9,<span class=\"_ _7\"></span>53<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x8fc y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f8d w4b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Scr<span class=\"_ _7\"></span>ip Div<span class=\"_ _7\"></span>iden<span class=\"_ _7\"></span>ds to owners of the C<span class=\"_ _7\"></span>ompa<span class=\"_ _7\"></span>ny<span class=\"_ _304\"> </span></div></td><td class=\"c n x8fd y1f8d w4bc h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _304\"> </span></div></td><td class=\"c n x8fe y1f8d w4bd h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x73e y1f8d w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w4be h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cembe<span class=\"_ _7\"></span>r 2023<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ff y1e80 w4bf h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">3<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>,767<span class=\"_ _304\"> </span></div></td><td class=\"c n x900 y1e80 w4c0 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls89 wsd5\">52<span class=\"_ _9\"></span>8,832<span class=\"_ _304\"> </span></div></td><td class=\"c n x901 y1e80 w4c1 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws117\">1<span class=\"_ _9\"></span>83,9<span class=\"_ _7\"></span>69<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdb2\">Contr<span class=\"_ _7\"></span>ibuted su<span class=\"_ _7\"></span>rplus i<span class=\"_ _7\"></span>s a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>distri<span class=\"_ _7\"></span>butab<span class=\"_ _7\"></span>le rese<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ve and aro<span class=\"_ _7\"></span>se on the rever<span class=\"_ _7\"></span>se acqu<span class=\"_ _7\"></span>isition of Hi<span class=\"_ _7\"></span>scox plc on 1<span class=\"_ _9\"></span>2<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>200<span class=\"_ _7\"></span>6.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdb3\">The C<span class=\"_ _7\"></span>ompa<span class=\"_ _7\"></span>ny relies o<span class=\"_ _7\"></span>n divi<span class=\"_ _7\"></span>dend s<span class=\"_ _7\"></span>treams f<span class=\"_ _7\"></span>rom its subs<span class=\"_ _7\"></span>idia<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y compa<span class=\"_ _7\"></span>nies to provid<span class=\"_ _7\"></span>e the cas<span class=\"_ _7\"></span>h flow requi<span class=\"_ _7\"></span>red for distr<span class=\"_ _7\"></span>ibutio<span class=\"_ _7\"></span>ns to be<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsdb4\">made t<span class=\"_ _9\"></span>o shareholders.<span class=\"_ _9\"></span> The ability of the s<span class=\"_ _9\"></span>ubsidiaries to p<span class=\"_ _9\"></span>ay dividends is<span class=\"_ _9\"></span> subject to<span class=\"_ _9\"></span> regulat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y rest<span class=\"_ _9\"></span>rictions within<span class=\"_ _9\"></span> the jurisdict<span class=\"_ _9\"></span>ion </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdb5\">from w<span class=\"_ _7\"></span>hich they o<span class=\"_ _7\"></span>perate.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls39 ws43 gsdb6\">Share repurchase<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdb7\">The tr<span class=\"_ _7\"></span>ustees of th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s Em<span class=\"_ _7\"></span>ployee Be<span class=\"_ _7\"></span>nefit T<span class=\"_ _a\"></span>r<span class=\"_ _7\"></span>ust pu<span class=\"_ _7\"></span>rchase<span class=\"_ _7\"></span>d nil sha<span class=\"_ _7\"></span>res (2022<span class=\"_ _9\"></span>: nil sha<span class=\"_ _7\"></span>res) t<span class=\"_ _9\"></span>o fac<span class=\"_ _7\"></span>ilitate the set<span class=\"_ _7\"></span>tlem<span class=\"_ _7\"></span>ent of vesting </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdb8\">awards und<span class=\"_ _7\"></span>er the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s Per<span class=\"_ _7\"></span>form<span class=\"_ _7\"></span>ance S<span class=\"_ _7\"></span>hare Plan. As th<span class=\"_ _7\"></span>e T<span class=\"_ _a\"></span>ru<span class=\"_ _7\"></span>st is cons<span class=\"_ _7\"></span>olidated in<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>o the G<span class=\"_ _7\"></span>roup fina<span class=\"_ _7\"></span>ncial re<span class=\"_ _7\"></span>sults, the<span class=\"_ _7\"></span>se purch<span class=\"_ _7\"></span>ases </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdb9\">are ac<span class=\"_ _7\"></span>counted for in th<span class=\"_ _7\"></span>e same way as tre<span class=\"_ _7\"></span>asur<span class=\"_ _7\"></span>y s<span class=\"_ _7\"></span>hares a<span class=\"_ _7\"></span>nd are ch<span class=\"_ _7\"></span>arged a<span class=\"_ _7\"></span>gainst re<span class=\"_ _7\"></span>taine<span class=\"_ _7\"></span>d ear<span class=\"_ _7\"></span>nings. T<span class=\"_ _7\"></span>he sha<span class=\"_ _7\"></span>res are he<span class=\"_ _7\"></span>ld by the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsdba\">trust<span class=\"_ _9\"></span>ees for the<span class=\"_ _9\"></span> beneficiaries of the<span class=\"_ _9\"></span> T<span class=\"_ _a\"></span>rust.<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gsdbb\">Equit<span class=\"_ _7\"></span>y stru<span class=\"_ _7\"></span>cture of His<span class=\"_ _7\"></span>cox Lt<span class=\"_ _9\"></span>d<span class=\"_ _27e\"> </span><span class=\"ff5f fs28 ls14d ws1f8\">Note<span class=\"_ _304\"> </span></span></div><div class=\"gsdbc\"><table class=\"s w4c2 hb7\" id=\"_4d5011a4-c8cb-4d5e-829b-7e7de1d15c33\"><tr><td></td><td></td><td class=\"t m0 x902 h43 y20c0 ff64 fs28 fc2 sc0 ls7c wsdf\">Number of<span class=\"_ _304\"> </span></td><td class=\"t m0 x903 h44 y20c0 ff5f fs28 fc2 sc0 ls10a ws15e\">Number of<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x904 h43 y20c1 ff64 fs28 fc2 sc0 lsf0 ws13c\">ordinar<span class=\"_ _7\"></span>y shares<span class=\"_ _304\"> </span></td><td class=\"t m0 x905 h44 y20c1 ff5f fs28 fc2 sc0 lsed ws139\">ordinary shares<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x5e8 h43 y20c2 ff64 fs28 fc2 sc0 lsed ws139\">in issue<span class=\"_ _304\"> </span></td><td class=\"t m0 x8ed h44 y20c2 ff5f fs28 fc2 sc0 ls7c wsdf\">in issue<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x1fb h43 y20c3 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y20c3 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x906 h43 y20c4 ff64 fs28 fc2 sc0 ls176 ws249\">000<span class=\"_ _304\"> </span></td><td class=\"t m0 x907 h44 y20c4 ff5f fs28 fc2 sc0 ls177 ws24a\">000<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2016 w4c3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">At 1 Janua<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x908 y2016 w4c4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">35<span class=\"_ _7\"></span>4,067<span class=\"_ _304\"> </span></div></td><td class=\"c n x909 y2016 w4c5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls77 wsf1\">35<span class=\"_ _7\"></span>3,98<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20c5 w4c6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Empl<span class=\"_ _7\"></span>oyee share o<span class=\"_ _7\"></span>ption sche<span class=\"_ _7\"></span>me \u2013 ordin<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y sha<span class=\"_ _7\"></span>res iss<span class=\"_ _7\"></span>ued<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x1dd y20c5 w4bd h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x90a y20c5 w4c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">18<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y20c6 ff5f fs7 fc2 sc0 ls38 ws41\">Scr<span class=\"_ _7\"></span>ip Div<span class=\"_ _7\"></span>iden<span class=\"_ _7\"></span>ds to owners of the C<span class=\"_ _7\"></span>ompa<span class=\"_ _7\"></span>ny<span class=\"_ _304\"> </span></td><td class=\"c n x31b y20c7 wd8 h94\"><div class=\"t m0 x1b6 he y1e7b ff5f fs28 fc2 sc0 lse3 ws129\">26<span class=\"_ _304\"> </span></div></td><td class=\"c n x90b y1e8e w4c8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x90c y1e8e w4c9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d wsf4\">63<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w4ca h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cembe<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x90d y1e80 w4cb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">355,283<span class=\"_ _304\"> </span></div></td><td class=\"c n x90e y1e80 w4cc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">3<span class=\"_ _7\"></span>54,0<span class=\"_ _7\"></span>67<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdbd\">All i<span class=\"_ _7\"></span>ssue<span class=\"_ _7\"></span>d share<span class=\"_ _7\"></span>s are ful<span class=\"_ _7\"></span>ly paid.<span class=\"_ _304\"> </span></div>Per<span class=\"_ _7\"></span>form<span class=\"_ _7\"></span>ance S<span class=\"_ _7\"></span>hare Pla<span class=\"_ _7\"></span>n awards<span class=\"_ _304\"> </span>Per<span class=\"_ _7\"></span>form<span class=\"_ _7\"></span>ance S<span class=\"_ _7\"></span>hare Pla<span class=\"_ _7\"></span>n awards are gra<span class=\"_ _7\"></span>nted t<span class=\"_ _9\"></span>o Di<span class=\"_ _7\"></span>rectors a<span class=\"_ _7\"></span>nd other se<span class=\"_ _7\"></span>nior e<span class=\"_ _7\"></span>mployee<span class=\"_ _7\"></span>s. A<span class=\"_ _9\"></span>wards n<span class=\"_ _7\"></span>orma<span class=\"_ _7\"></span>lly vest af<span class=\"_ _7\"></span>ter a th<span class=\"_ _7\"></span>ree-year per<span class=\"_ _7\"></span>iod su<span class=\"_ _7\"></span>bject to the ac<span class=\"_ _7\"></span>hieveme<span class=\"_ _7\"></span>nt of per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>manc<span class=\"_ _7\"></span>e condi<span class=\"_ _7\"></span>tions wh<span class=\"_ _7\"></span>ich ca<span class=\"_ _7\"></span>n be a mix of fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l and no<span class=\"_ _7\"></span>n-financi<span class=\"_ _7\"></span>al mea<span class=\"_ _7\"></span>sures. Awards are ge<span class=\"_ _7\"></span>nera<span class=\"_ _7\"></span>lly sub<span class=\"_ _7\"></span>ject to contin<span class=\"_ _7\"></span>ued e<span class=\"_ _7\"></span>mploym<span class=\"_ _7\"></span>ent, however awards may vest to leaver<span class=\"_ _7\"></span>s in cer<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ain sce<span class=\"_ _7\"></span>nar<span class=\"_ _7\"></span>ios. Awards granted u<span class=\"_ _7\"></span>nder the all-<span class=\"_ _7\"></span>emp<span class=\"_ _7\"></span>loyee share ow<span class=\"_ _7\"></span>ners<span class=\"_ _7\"></span>hip sch<span class=\"_ _7\"></span>eme (HSX:26) vest in Ap<span class=\"_ _7\"></span>ril 2026 subje<span class=\"_ _7\"></span>ct to continue<span class=\"_ _7\"></span>d empl<span class=\"_ _7\"></span>oyment a<span class=\"_ _7\"></span>nd satisfa<span class=\"_ _7\"></span>ctor<span class=\"_ _7\"></span>y pers<span class=\"_ _7\"></span>onal per<span class=\"_ _7\"></span>fo<span class=\"_ _7\"></span>rman<span class=\"_ _7\"></span>ce bet<span class=\"_ _7\"></span>ween the d<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f gra<span class=\"_ _7\"></span>nt and ve<span class=\"_ _7\"></span>st.<span class=\"_ _304\"> </span>In acc<span class=\"_ _7\"></span>ordanc<span class=\"_ _7\"></span>e with IFRS 2, the Group re<span class=\"_ _7\"></span>cog<span class=\"_ _7\"></span>nises a<span class=\"_ _7\"></span>n expen<span class=\"_ _7\"></span>se for the fai<span class=\"_ _7\"></span>r value of sh<span class=\"_ _7\"></span>ares, sha<span class=\"_ _7\"></span>re options a<span class=\"_ _7\"></span>nd Per<span class=\"_ _7\"></span>form<span class=\"_ _7\"></span>ance Sh<span class=\"_ _7\"></span>are Plan award i<span class=\"_ _7\"></span>nstrum<span class=\"_ _7\"></span>ents iss<span class=\"_ _7\"></span>ued to empl<span class=\"_ _7\"></span>oyees, over thei<span class=\"_ _7\"></span>r vesting pe<span class=\"_ _7\"></span>riod th<span class=\"_ _7\"></span>rough the i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement. The a<span class=\"_ _7\"></span>mount re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in the co<span class=\"_ _7\"></span>nsoli<span class=\"_ _7\"></span>dated inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt durin<span class=\"_ _7\"></span>g the year wa<span class=\"_ _7\"></span>s an expe<span class=\"_ _7\"></span>nse of $43.2 mi<span class=\"_ _7\"></span>llion (2022<span class=\"_ _9\"></span>: expen<span class=\"_ _7\"></span>se of $2<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.2 mi<span class=\"_ _7\"></span>llion)<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>is com<span class=\"_ _7\"></span>prise<span class=\"_ _7\"></span>s an expe<span class=\"_ _7\"></span>nse of $28.3 million (2022<span class=\"_ _9\"></span>: expe<span class=\"_ _7\"></span>nse of $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>5.<span class=\"_ _9\"></span>0 mill<span class=\"_ _7\"></span>ion) in resp<span class=\"_ _7\"></span>ect of Per<span class=\"_ _7\"></span>form<span class=\"_ _7\"></span>ance S<span class=\"_ _7\"></span>hare Pla<span class=\"_ _7\"></span>n awards, an <span class=\"ls8 ws4\"> </span>expe<span class=\"_ _7\"></span>nse of $3.3 milli<span class=\"_ _7\"></span>on (202<span class=\"_ _9\"></span>2: expense of $2.9 million) in res<span class=\"_ _7\"></span>pect of s<span class=\"_ _7\"></span>hare option awa<span class=\"_ _7\"></span>rds and an ex<span class=\"_ _7\"></span>pens<span class=\"_ _7\"></span>e of $<span class=\"_ _9\"></span>1<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>6 mi<span class=\"_ _7\"></span>llion <span class=\"ls8 ws4\"> </span>(202<span class=\"_ _9\"></span>2: expense of $<span class=\"_ _7\"></span>9<span class=\"_ _9\"></span>.3 mill<span class=\"_ _7\"></span>ion) in resp<span class=\"_ _7\"></span>ect of em<span class=\"_ _7\"></span>ployee sha<span class=\"_ _7\"></span>re awards. The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s appli<span class=\"_ _7\"></span>ed the pr<span class=\"_ _7\"></span>incip<span class=\"_ _7\"></span>les ou<span class=\"_ _7\"></span>tlined i<span class=\"_ _7\"></span>n the Blac<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span>-Scho<span class=\"_ _7\"></span>les optio<span class=\"_ _7\"></span>n prici<span class=\"_ _7\"></span>ng mode<span class=\"_ _7\"></span>l whe<span class=\"_ _7\"></span>n determi<span class=\"_ _7\"></span>ning the fa<span class=\"_ _7\"></span>ir value of e<span class=\"_ _7\"></span>ach sha<span class=\"_ _7\"></span>re option ins<span class=\"_ _7\"></span>trume<span class=\"_ _7\"></span>nt. F<span class=\"_ _9\"></span>or th<span class=\"_ _7\"></span>e fair valu<span class=\"_ _7\"></span>e pric<span class=\"_ _7\"></span>ing of per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>manc<span class=\"_ _7\"></span>e share p<span class=\"_ _7\"></span>lans, the G<span class=\"_ _7\"></span>roup use<span class=\"_ _7\"></span>s the sha<span class=\"_ _7\"></span>re pric<span class=\"_ _7\"></span>e on the date of grant of the o<span class=\"_ _7\"></span>ptions. For any optio<span class=\"_ _7\"></span>ns contin<span class=\"_ _7\"></span>gent on ach<span class=\"_ _7\"></span>ieving t<span class=\"_ _7\"></span>argets lin<span class=\"_ _7\"></span>ked t<span class=\"_ _9\"></span>o total sha<span class=\"_ _7\"></span>rehol<span class=\"_ _7\"></span>der retur<span class=\"_ _7\"></span>ns, the fair va<span class=\"_ _7\"></span>lue pr<span class=\"_ _7\"></span>ice on date of gra<span class=\"_ _7\"></span>nt is adjus<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed to take ac<span class=\"_ _7\"></span>count of the probability of<span class=\"_ _9\"></span> achieving t<span class=\"_ _9\"></span>he per<span class=\"_ _7\"></span>formance targe<span class=\"_ _9\"></span>ts.<span class=\"_ _304\"> </span>The r<span class=\"_ _7\"></span>ange of pr<span class=\"_ _7\"></span>incip<span class=\"_ _7\"></span>al Group a<span class=\"_ _7\"></span>ssum<span class=\"_ _7\"></span>ptions app<span class=\"_ _7\"></span>lied i<span class=\"_ _7\"></span>n determin<span class=\"_ _7\"></span>ing the fa<span class=\"_ _7\"></span>ir value of sh<span class=\"_ _7\"></span>are-ba<span class=\"_ _7\"></span>sed paym<span class=\"_ _7\"></span>ent instr<span class=\"_ _7\"></span>ume<span class=\"_ _7\"></span>nts granted dur<span class=\"_ _7\"></span>ing the yea<span class=\"_ _7\"></span>r unde<span class=\"_ _7\"></span>r review are:<span class=\"_ _304\"> </span><table class=\"s w4cd hcc\" id=\"_a31e4af3-284f-4cfa-b746-b07d1e2ae544\"><tr><td></td><td class=\"c n x1b7 y20c8 w4ce h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">As<span class=\"_ _7\"></span>sumption<span class=\"_ _7\"></span>s affe<span class=\"_ _7\"></span>cting in<span class=\"_ _7\"></span>puts to fair valu<span class=\"_ _7\"></span>e model<span class=\"_ _7\"></span>s<span class=\"_ _205\"> </span><span class=\"fs28 ls9f wsb8\">2023<span class=\"_ _304\"> </span></span></div></td><td class=\"c n x90f y20c9 w4cf h91\"><div class=\"t m0 x1b6 h25 y1f81 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fb1 w4d0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ann<span class=\"_ _7\"></span>ual ri<span class=\"_ _7\"></span>sk<span class=\"_ _9\"></span>-free rates of retur<span class=\"_ _7\"></span>n and dis<span class=\"_ _7\"></span>count rates (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x910 y1fb1 w4d1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">3.35-4.<span class=\"_ _9\"></span>78<span class=\"_ _304\"> </span></div></td><td class=\"c n x911 y1fb1 w4d2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>6<span class=\"_ _8\"></span>-<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f41 w4d3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Long-term di<span class=\"_ _7\"></span>vide<span class=\"_ _7\"></span>nd yie<span class=\"_ _7\"></span>ld (%<span class=\"_ _a\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x912 y1f41 w2a9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x913 y1f41 w4d4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _2c\"></span>2<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f42 w4d5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">E<span class=\"_ _7\"></span>xpe<span class=\"_ _7\"></span>cted life of options (<span class=\"_ _7\"></span>year<span class=\"_ _7\"></span>s)<span class=\"_ _304\"> </span></div></td><td class=\"c n x914 y1f42 w4d6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls78 ws122\">3.<span class=\"_ _7\"></span>25<span class=\"_ _304\"> </span></div></td><td class=\"c n x915 y1f42 w4d7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">3<span class=\"_ _7\"></span>.25<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e7d w4d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Impl<span class=\"_ _7\"></span>ied volatil<span class=\"_ _7\"></span>ity of s<span class=\"_ _7\"></span>hare pr<span class=\"_ _7\"></span>ice (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x916 y1e7d w4d9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">3<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x917 y1e7d w33f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">49.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w4da h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Weighted averag<span class=\"_ _7\"></span>e share p<span class=\"_ _7\"></span>rice (<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x918 y1e80 w229 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x919 y1e80 w1b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">9<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr></table>The we<span class=\"_ _7\"></span>ighted averag<span class=\"_ _7\"></span>e fair valu<span class=\"_ _7\"></span>e of each s<span class=\"_ _7\"></span>hare option g<span class=\"_ _7\"></span>ranted dur<span class=\"_ _7\"></span>ing the ye<span class=\"_ _7\"></span>ar was 392<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>p (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>4<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>8.3p)<span class=\"_ _9\"></span>. The we<span class=\"_ _7\"></span>ighted average <span class=\"ls8 ws4\"> </span>fair va<span class=\"_ _7\"></span>lue of eac<span class=\"_ _7\"></span>h Per<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce Sha<span class=\"_ _7\"></span>re Plan award gr<span class=\"_ _7\"></span>anted dur<span class=\"_ _7\"></span>ing the yea<span class=\"_ _7\"></span>r was 1<span class=\"_ _a\"></span>,<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>40.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>p (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>983.0p)<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> Moveme<span class=\"_ _7\"></span>nts in the num<span class=\"_ _7\"></span>ber of sh<span class=\"_ _7\"></span>are options a<span class=\"_ _7\"></span>nd Per<span class=\"_ _7\"></span>form<span class=\"_ _7\"></span>ance S<span class=\"_ _7\"></span>hare Pla<span class=\"_ _7\"></span>n awards duri<span class=\"_ _7\"></span>ng the yea<span class=\"_ _7\"></span>r and deta<span class=\"_ _7\"></span>ils of the bal<span class=\"_ _7\"></span>ance<span class=\"_ _7\"></span>s outst<span class=\"_ _7\"></span>andin<span class=\"_ _7\"></span>g at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023 for the Exec<span class=\"_ _7\"></span>utive Dire<span class=\"_ _7\"></span>ctors are s<span class=\"_ _7\"></span>hown in the a<span class=\"_ _7\"></span>nnual re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>t on re<span class=\"_ _7\"></span>mune<span class=\"_ _7\"></span>ration 2023. The total numb<span class=\"_ _7\"></span>er of options a<span class=\"_ _7\"></span>nd Per<span class=\"_ _7\"></span>form<span class=\"_ _7\"></span>ance S<span class=\"_ _7\"></span>hare Pla<span class=\"_ _7\"></span>n awards outsta<span class=\"_ _7\"></span>nding i<span class=\"_ _7\"></span>s 1<span class=\"_ _9\"></span>0<span class=\"_ _9\"></span>,505,90<span class=\"_ _9\"></span>1 (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>0<span class=\"_ _9\"></span>,32<span class=\"_ _9\"></span>5,<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>38) of whic<span class=\"_ _7\"></span>h 7<span class=\"_ _9\"></span>06,282 are exercisa<span class=\"_ _7\"></span>ble (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>,28<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>,068). The total num<span class=\"_ _7\"></span>ber of SA<span class=\"_ _a\"></span>Y<span class=\"_ _7\"></span>E options ou<span class=\"_ _7\"></span>tstand<span class=\"_ _7\"></span>ing is 2<span class=\"_ _9\"></span>,<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>95<span class=\"_ _9\"></span>,828 (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2<span class=\"_ _9\"></span>,650,32<span class=\"_ _9\"></span>2) and em<span class=\"_ _7\"></span>ployee <span class=\"ls8 ws4\"> </span>sha<span class=\"_ _7\"></span>re awards is 4,<span class=\"_ _9\"></span>61<span class=\"_ _a\"></span>5,<span class=\"_ _9\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _9\"></span>1 (202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>4<span class=\"_ _9\"></span>,<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>65,<span class=\"_ _9\"></span>4<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The i<span class=\"_ _7\"></span>mplie<span class=\"_ _7\"></span>d volatilit<span class=\"_ _7\"></span>y as<span class=\"_ _7\"></span>sumption i<span class=\"_ _7\"></span>s based o<span class=\"_ _7\"></span>n historic<span class=\"_ _7\"></span>al data for p<span class=\"_ _7\"></span>eri<span class=\"_ _7\"></span>ods of bet<span class=\"_ _7\"></span>ween fi<span class=\"_ _7\"></span>ve and ten year<span class=\"_ _7\"></span>s imme<span class=\"_ _7\"></span>diately pre<span class=\"_ _7\"></span>ced<span class=\"_ _7\"></span>ing <span class=\"ls8 ws4\"> </span>gran<span class=\"_ _7\"></span>t date<span class=\"_ _9\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-401": {
   "value": "1<span class=\"_ _a\"></span>9 Share cap<span class=\"_ _9\"></span>ital<span class=\"_ _304\"> </span><table class=\"s w4a4 ha9\" id=\"_cf3e0a62-071f-49eb-ae0c-9ba9a23a40c2\"><tr><td></td><td></td><td class=\"c n x8dc y20b5 w4a5 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff64 fs28 fc2 sc0 lse4 ws15d\">31 Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er 20<span class=\"_ _7\"></span>23<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x8dd y20b5 w4a6 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 lse4 ws15d\">3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>ce<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 2022<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x3cb h43 y20b6 ff64 fs28 fc2 sc0 lsf0 ws1b9\">Share<span class=\"_ _304\"> </span></td><td class=\"t m0 x8de h43 y20b6 ff64 fs28 fc2 sc0 ls7c ws98\">Number<span class=\"_ _304\"> </span></td><td class=\"t m0 x49a h44 y20b6 ff5f fs28 fc2 sc0 lsf1 ws228\">Share<span class=\"_ _304\"> </span></td><td class=\"t m0 x8df h44 y20b6 ff5f fs28 fc2 sc0 ls10a ws15c\">Number<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x8e0 h43 y20b7 ff64 fs28 fc2 sc0 lsf3 ws13f\">capital<span class=\"_ _304\"> </span></td><td class=\"t m0 x44d h43 y20b7 ff64 fs28 fc2 sc0 lse4 ws15d\">of sh<span class=\"_ _7\"></span>are<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x89f h44 y20b7 ff5f fs28 fc2 sc0 ls10a ws15c\">capital<span class=\"_ _304\"> </span></td><td class=\"t m0 x730 h44 y20b7 ff5f fs28 fc2 sc0 lse4 ws15d\">of sh<span class=\"_ _7\"></span>are<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 h25 y20b8 ff64 fs7 fc2 sc0 ls73 ws81\">Group<span class=\"_ _304\"> </span></td><td class=\"t m0 x499 h43 y20b8 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x8e1 h43 y20b8 ff64 fs28 fc2 sc0 ls176 ws249\">000<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h44 y20b8 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x731 h44 y20b8 ff5f fs28 fc2 sc0 ls177 ws24a\">000<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f61 w4a7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Autho<span class=\"_ _7\"></span>rised o<span class=\"_ _7\"></span>rdinar<span class=\"_ _7\"></span>y s<span class=\"_ _7\"></span>hare ca<span class=\"_ _7\"></span>pita<span class=\"_ _7\"></span>l of 6.<span class=\"_ _9\"></span>5p (2022<span class=\"_ _9\"></span>: 6.5p<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x8e2 y1f61 wfa h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls78 ws122\">425.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x8e3 y1f61 w4a8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">3,692<span class=\"_ _9\"></span>,308<span class=\"_ _304\"> </span></div></td><td class=\"c n x8e4 y1f61 w4a9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">425.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x8e5 y1f61 w4aa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">3<span class=\"_ _7\"></span>,6<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>2,<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w4ab h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Issu<span class=\"_ _7\"></span>ed ordi<span class=\"_ _7\"></span>nar<span class=\"_ _7\"></span>y sha<span class=\"_ _7\"></span>re cap<span class=\"_ _7\"></span>ital of 6.5p (202<span class=\"_ _9\"></span>2: 6<span class=\"_ _9\"></span>.5p)<span class=\"_ _304\"> </span></div></td><td class=\"c n x8e6 y1e80 w87 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">38.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x8e7 y1e80 w4ac h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">355,283<span class=\"_ _304\"> </span></div></td><td class=\"c n x8e8 y1e80 w89 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">3<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x8e9 y1e80 w4ad h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">3<span class=\"_ _7\"></span>54,0<span class=\"_ _8\"></span>67<span class=\"_ _304\"> </span></div></td></tr></table>The a<span class=\"_ _7\"></span>mounts p<span class=\"_ _7\"></span>resented i<span class=\"_ _7\"></span>n the equi<span class=\"_ _7\"></span>ty se<span class=\"_ _7\"></span>ction of the G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s co<span class=\"_ _7\"></span>nsoli<span class=\"_ _7\"></span>dated bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet relate to Hiscox Ltd, the lega<span class=\"_ _7\"></span>l<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>parent company<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> Chan<span class=\"_ _7\"></span>ges in G<span class=\"_ _7\"></span>roup sha<span class=\"_ _7\"></span>re capit<span class=\"_ _7\"></span>al and c<span class=\"_ _7\"></span>ontribu<span class=\"_ _7\"></span>ted sur<span class=\"_ _7\"></span>plus<span class=\"_ _304\"> </span><table class=\"s w4ae hcb\" id=\"_25a50615-2d33-4255-ae2c-b51f376ed49f\"><tr><td></td><td class=\"t m0 x8ea h44 y20b9 ff5f fs28 fc2 sc0 lsed ws139\">Ordinary share<span class=\"_ _304\"> </span></td><td class=\"t m0 x49a h44 y20b9 ff5f fs28 fc2 sc0 lsf1 ws228\">Share<span class=\"_ _304\"> </span></td><td class=\"t m0 x8eb h44 y20b9 ff5f fs28 fc2 sc0 ls34 ws160\">Contribut<span class=\"_ _9\"></span>ed<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x8b4 h44 y20ba ff5f fs28 fc2 sc0 ls10a ws15c\">capital<span class=\"_ _304\"> </span></td><td class=\"t m0 x8ec h44 y20ba ff5f fs28 fc2 sc0 lsed ws17b\">premium<span class=\"_ _304\"> </span></td><td class=\"t m0 x8ed h44 y20ba ff5f fs28 fc2 sc0 ls10a ws15c\">surplus<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1fd h44 y20bb ff5f fs28 fc2 sc0 ls177 ws24a\">$000<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fb h44 y20bb ff5f fs28 fc2 sc0 ls177 ws24a\">$000<span class=\"_ _304\"> </span></td><td class=\"t m0 x84d h44 y20bb ff5f fs28 fc2 sc0 ls177 ws24a\">$000<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y20bc w4af h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">At 1 Janua<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y 2022<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ee y20bc w4b0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsfd ws14c\">3<span class=\"_ _7\"></span>8,<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>61<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ef y20bc w4b1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls10d ws164\">51<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>17<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f0 y20bc w4b2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls77 wsf1\">1<span class=\"_ _9\"></span>83,9<span class=\"_ _7\"></span>69<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20bd w4b3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Empl<span class=\"_ _7\"></span>oyee share o<span class=\"_ _7\"></span>ption sche<span class=\"_ _7\"></span>me \u2013 proc<span class=\"_ _7\"></span>eeds f<span class=\"_ _7\"></span>rom sha<span class=\"_ _7\"></span>res iss<span class=\"_ _7\"></span>ued<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f1 y20bd w1a3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">1<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f2 y20bd w4b4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">15<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f3 y20bd w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20be w4b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Scr<span class=\"_ _7\"></span>ip Div<span class=\"_ _7\"></span>iden<span class=\"_ _7\"></span>ds to owners of the C<span class=\"_ _7\"></span>ompa<span class=\"_ _7\"></span>ny<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f4 y20be w1aa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f5 y20be w4b6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8c ws163\">6<span class=\"_ _7\"></span>87<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f6 y20be w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20bf w4b7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">At 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2022<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f7 y20bf w4b8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">3<span class=\"_ _7\"></span>8,6<span class=\"_ _7\"></span>67<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f8 y20bf w4b9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7,<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>5<span class=\"_ _2c\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x8f9 y20bf w4ba h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls77 wsf1\">1<span class=\"_ _9\"></span>83,9<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f7e w4b3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Empl<span class=\"_ _7\"></span>oyee share o<span class=\"_ _7\"></span>ption sche<span class=\"_ _7\"></span>me \u2013 proc<span class=\"_ _7\"></span>eeds f<span class=\"_ _7\"></span>rom sha<span class=\"_ _7\"></span>res iss<span class=\"_ _7\"></span>ued<span class=\"_ _304\"> </span></div></td><td class=\"c n x8fa y1f7e w4bb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls178 ws24b\">90<span class=\"_ _304\"> </span></div></td><td class=\"c n x8fb y1f7e w45d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">9,<span class=\"_ _7\"></span>53<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x8fc y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f8d w4b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Scr<span class=\"_ _7\"></span>ip Div<span class=\"_ _7\"></span>iden<span class=\"_ _7\"></span>ds to owners of the C<span class=\"_ _7\"></span>ompa<span class=\"_ _7\"></span>ny<span class=\"_ _304\"> </span></div></td><td class=\"c n x8fd y1f8d w4bc h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _304\"> </span></div></td><td class=\"c n x8fe y1f8d w4bd h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x73e y1f8d w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w4be h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cembe<span class=\"_ _7\"></span>r 2023<span class=\"_ _304\"> </span></div></td><td class=\"c n x8ff y1e80 w4bf h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">3<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>,767<span class=\"_ _304\"> </span></div></td><td class=\"c n x900 y1e80 w4c0 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls89 wsd5\">52<span class=\"_ _9\"></span>8,832<span class=\"_ _304\"> </span></div></td><td class=\"c n x901 y1e80 w4c1 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws117\">1<span class=\"_ _9\"></span>83,9<span class=\"_ _7\"></span>69<span class=\"_ _304\"> </span></div></td></tr></table>Contr<span class=\"_ _7\"></span>ibuted su<span class=\"_ _7\"></span>rplus i<span class=\"_ _7\"></span>s a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>distri<span class=\"_ _7\"></span>butab<span class=\"_ _7\"></span>le rese<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ve and aro<span class=\"_ _7\"></span>se on the rever<span class=\"_ _7\"></span>se acqu<span class=\"_ _7\"></span>isition of Hi<span class=\"_ _7\"></span>scox plc on 1<span class=\"_ _9\"></span>2<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>200<span class=\"_ _7\"></span>6.<span class=\"_ _304\"> </span>The C<span class=\"_ _7\"></span>ompa<span class=\"_ _7\"></span>ny relies o<span class=\"_ _7\"></span>n divi<span class=\"_ _7\"></span>dend s<span class=\"_ _7\"></span>treams f<span class=\"_ _7\"></span>rom its subs<span class=\"_ _7\"></span>idia<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y compa<span class=\"_ _7\"></span>nies to provid<span class=\"_ _7\"></span>e the cas<span class=\"_ _7\"></span>h flow requi<span class=\"_ _7\"></span>red for distr<span class=\"_ _7\"></span>ibutio<span class=\"_ _7\"></span>ns to be<span class=\"_ _9\"></span> made t<span class=\"_ _9\"></span>o shareholders.<span class=\"_ _9\"></span> The ability of the s<span class=\"_ _9\"></span>ubsidiaries to p<span class=\"_ _9\"></span>ay dividends is<span class=\"_ _9\"></span> subject to<span class=\"_ _9\"></span> regulat<span class=\"_ _9\"></span>or<span class=\"_ _7\"></span>y rest<span class=\"_ _9\"></span>rictions within<span class=\"_ _9\"></span> the jurisdict<span class=\"_ _9\"></span>ion from w<span class=\"_ _7\"></span>hich they o<span class=\"_ _7\"></span>perate.<span class=\"_ _304\"> </span>Share repurchase<span class=\"_ _304\"> </span>The tr<span class=\"_ _7\"></span>ustees of th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s Em<span class=\"_ _7\"></span>ployee Be<span class=\"_ _7\"></span>nefit T<span class=\"_ _a\"></span>r<span class=\"_ _7\"></span>ust pu<span class=\"_ _7\"></span>rchase<span class=\"_ _7\"></span>d nil sha<span class=\"_ _7\"></span>res (2022<span class=\"_ _9\"></span>: nil sha<span class=\"_ _7\"></span>res) t<span class=\"_ _9\"></span>o fac<span class=\"_ _7\"></span>ilitate the set<span class=\"_ _7\"></span>tlem<span class=\"_ _7\"></span>ent of vesting awards und<span class=\"_ _7\"></span>er the G<span class=\"_ _7\"></span>roup<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s Per<span class=\"_ _7\"></span>form<span class=\"_ _7\"></span>ance S<span class=\"_ _7\"></span>hare Plan. As th<span class=\"_ _7\"></span>e T<span class=\"_ _a\"></span>ru<span class=\"_ _7\"></span>st is cons<span class=\"_ _7\"></span>olidated in<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>o the G<span class=\"_ _7\"></span>roup fina<span class=\"_ _7\"></span>ncial re<span class=\"_ _7\"></span>sults, the<span class=\"_ _7\"></span>se purch<span class=\"_ _7\"></span>ases are ac<span class=\"_ _7\"></span>counted for in th<span class=\"_ _7\"></span>e same way as tre<span class=\"_ _7\"></span>asur<span class=\"_ _7\"></span>y s<span class=\"_ _7\"></span>hares a<span class=\"_ _7\"></span>nd are ch<span class=\"_ _7\"></span>arged a<span class=\"_ _7\"></span>gainst re<span class=\"_ _7\"></span>taine<span class=\"_ _7\"></span>d ear<span class=\"_ _7\"></span>nings. T<span class=\"_ _7\"></span>he sha<span class=\"_ _7\"></span>res are he<span class=\"_ _7\"></span>ld by the trust<span class=\"_ _9\"></span>ees for the<span class=\"_ _9\"></span> beneficiaries of the<span class=\"_ _9\"></span> T<span class=\"_ _a\"></span>rust.<span class=\"_ _304\"> </span>Equit<span class=\"_ _7\"></span>y stru<span class=\"_ _7\"></span>cture of His<span class=\"_ _7\"></span>cox Lt<span class=\"_ _9\"></span>d<span class=\"_ _27e\"> </span><span class=\"ff5f fs28 ls14d ws1f8\">Note<span class=\"_ _304\"> </span></span><table class=\"s w4c2 hb7\" id=\"_4d5011a4-c8cb-4d5e-829b-7e7de1d15c33\"><tr><td></td><td></td><td class=\"t m0 x902 h43 y20c0 ff64 fs28 fc2 sc0 ls7c wsdf\">Number of<span class=\"_ _304\"> </span></td><td class=\"t m0 x903 h44 y20c0 ff5f fs28 fc2 sc0 ls10a ws15e\">Number of<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x904 h43 y20c1 ff64 fs28 fc2 sc0 lsf0 ws13c\">ordinar<span class=\"_ _7\"></span>y shares<span class=\"_ _304\"> </span></td><td class=\"t m0 x905 h44 y20c1 ff5f fs28 fc2 sc0 lsed ws139\">ordinary shares<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x5e8 h43 y20c2 ff64 fs28 fc2 sc0 lsed ws139\">in issue<span class=\"_ _304\"> </span></td><td class=\"t m0 x8ed h44 y20c2 ff5f fs28 fc2 sc0 ls7c wsdf\">in issue<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x1fb h43 y20c3 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y20c3 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x906 h43 y20c4 ff64 fs28 fc2 sc0 ls176 ws249\">000<span class=\"_ _304\"> </span></td><td class=\"t m0 x907 h44 y20c4 ff5f fs28 fc2 sc0 ls177 ws24a\">000<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2016 w4c3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">At 1 Janua<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x908 y2016 w4c4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">35<span class=\"_ _7\"></span>4,067<span class=\"_ _304\"> </span></div></td><td class=\"c n x909 y2016 w4c5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls77 wsf1\">35<span class=\"_ _7\"></span>3,98<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20c5 w4c6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Empl<span class=\"_ _7\"></span>oyee share o<span class=\"_ _7\"></span>ption sche<span class=\"_ _7\"></span>me \u2013 ordin<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y sha<span class=\"_ _7\"></span>res iss<span class=\"_ _7\"></span>ued<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x1dd y20c5 w4bd h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x90a y20c5 w4c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">18<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y20c6 ff5f fs7 fc2 sc0 ls38 ws41\">Scr<span class=\"_ _7\"></span>ip Div<span class=\"_ _7\"></span>iden<span class=\"_ _7\"></span>ds to owners of the C<span class=\"_ _7\"></span>ompa<span class=\"_ _7\"></span>ny<span class=\"_ _304\"> </span></td><td class=\"c n x31b y20c7 wd8 h94\"><div class=\"t m0 x1b6 he y1e7b ff5f fs28 fc2 sc0 lse3 ws129\">26<span class=\"_ _304\"> </span></div></td><td class=\"c n x90b y1e8e w4c8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x90c y1e8e w4c9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d wsf4\">63<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w4ca h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cembe<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x90d y1e80 w4cb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">355,283<span class=\"_ _304\"> </span></div></td><td class=\"c n x90e y1e80 w4cc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">3<span class=\"_ _7\"></span>54,0<span class=\"_ _7\"></span>67<span class=\"_ _304\"> </span></div></td></tr></table>All i<span class=\"_ _7\"></span>ssue<span class=\"_ _7\"></span>d share<span class=\"_ _7\"></span>s are ful<span class=\"_ _7\"></span>ly paid.<span class=\"_ _304\"> </span><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gsdbf\">Per<span class=\"_ _7\"></span>form<span class=\"_ _7\"></span>ance S<span class=\"_ _7\"></span>hare Pla<span class=\"_ _7\"></span>n awards<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdc0\">Per<span class=\"_ _7\"></span>form<span class=\"_ _7\"></span>ance S<span class=\"_ _7\"></span>hare Pla<span class=\"_ _7\"></span>n awards are gra<span class=\"_ _7\"></span>nted t<span class=\"_ _9\"></span>o Di<span class=\"_ _7\"></span>rectors a<span class=\"_ _7\"></span>nd other se<span class=\"_ _7\"></span>nior e<span class=\"_ _7\"></span>mployee<span class=\"_ _7\"></span>s. A<span class=\"_ _9\"></span>wards n<span class=\"_ _7\"></span>orma<span class=\"_ _7\"></span>lly vest af<span class=\"_ _7\"></span>ter a th<span class=\"_ _7\"></span>ree-year </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdc1\">per<span class=\"_ _7\"></span>iod su<span class=\"_ _7\"></span>bject to the ac<span class=\"_ _7\"></span>hieveme<span class=\"_ _7\"></span>nt of per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>manc<span class=\"_ _7\"></span>e condi<span class=\"_ _7\"></span>tions wh<span class=\"_ _7\"></span>ich ca<span class=\"_ _7\"></span>n be a mix of fin<span class=\"_ _7\"></span>ancia<span class=\"_ _7\"></span>l and no<span class=\"_ _7\"></span>n-financi<span class=\"_ _7\"></span>al mea<span class=\"_ _7\"></span>sures. Awards </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdc2\">are ge<span class=\"_ _7\"></span>nera<span class=\"_ _7\"></span>lly sub<span class=\"_ _7\"></span>ject to contin<span class=\"_ _7\"></span>ued e<span class=\"_ _7\"></span>mploym<span class=\"_ _7\"></span>ent, however awards may vest to leaver<span class=\"_ _7\"></span>s in cer<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ain sce<span class=\"_ _7\"></span>nar<span class=\"_ _7\"></span>ios. Awards granted u<span class=\"_ _7\"></span>nder </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdc3\">the all-<span class=\"_ _7\"></span>emp<span class=\"_ _7\"></span>loyee share ow<span class=\"_ _7\"></span>ners<span class=\"_ _7\"></span>hip sch<span class=\"_ _7\"></span>eme (HSX:26) vest in Ap<span class=\"_ _7\"></span>ril 2026 subje<span class=\"_ _7\"></span>ct to continue<span class=\"_ _7\"></span>d empl<span class=\"_ _7\"></span>oyment a<span class=\"_ _7\"></span>nd satisfa<span class=\"_ _7\"></span>ctor<span class=\"_ _7\"></span>y pers<span class=\"_ _7\"></span>onal </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdc4\">per<span class=\"_ _7\"></span>fo<span class=\"_ _7\"></span>rman<span class=\"_ _7\"></span>ce bet<span class=\"_ _7\"></span>ween the d<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f gra<span class=\"_ _7\"></span>nt and ve<span class=\"_ _7\"></span>st.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdc5\">In acc<span class=\"_ _7\"></span>ordanc<span class=\"_ _7\"></span>e with IFRS 2, the Group re<span class=\"_ _7\"></span>cog<span class=\"_ _7\"></span>nises a<span class=\"_ _7\"></span>n expen<span class=\"_ _7\"></span>se for the fai<span class=\"_ _7\"></span>r value of sh<span class=\"_ _7\"></span>ares, sha<span class=\"_ _7\"></span>re options a<span class=\"_ _7\"></span>nd Per<span class=\"_ _7\"></span>form<span class=\"_ _7\"></span>ance Sh<span class=\"_ _7\"></span>are </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdc6\">Plan award i<span class=\"_ _7\"></span>nstrum<span class=\"_ _7\"></span>ents iss<span class=\"_ _7\"></span>ued to empl<span class=\"_ _7\"></span>oyees, over thei<span class=\"_ _7\"></span>r vesting pe<span class=\"_ _7\"></span>riod th<span class=\"_ _7\"></span>rough the i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement. The a<span class=\"_ _7\"></span>mount re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdc7\">in the co<span class=\"_ _7\"></span>nsoli<span class=\"_ _7\"></span>dated inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt durin<span class=\"_ _7\"></span>g the year wa<span class=\"_ _7\"></span>s an expe<span class=\"_ _7\"></span>nse of $43.2 mi<span class=\"_ _7\"></span>llion (2022<span class=\"_ _9\"></span>: expen<span class=\"_ _7\"></span>se of $2<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.2 mi<span class=\"_ _7\"></span>llion)<span class=\"_ _9\"></span>. Th<span class=\"_ _7\"></span>is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdc8\">com<span class=\"_ _7\"></span>prise<span class=\"_ _7\"></span>s an expe<span class=\"_ _7\"></span>nse of $28.3 million (2022<span class=\"_ _9\"></span>: expe<span class=\"_ _7\"></span>nse of $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>5.<span class=\"_ _9\"></span>0 mill<span class=\"_ _7\"></span>ion) in resp<span class=\"_ _7\"></span>ect of Per<span class=\"_ _7\"></span>form<span class=\"_ _7\"></span>ance S<span class=\"_ _7\"></span>hare Pla<span class=\"_ _7\"></span>n awards, an <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdc9\">expe<span class=\"_ _7\"></span>nse of $3.3 milli<span class=\"_ _7\"></span>on (202<span class=\"_ _9\"></span>2: expense of $2.9 million) in res<span class=\"_ _7\"></span>pect of s<span class=\"_ _7\"></span>hare option awa<span class=\"_ _7\"></span>rds and an ex<span class=\"_ _7\"></span>pens<span class=\"_ _7\"></span>e of $<span class=\"_ _9\"></span>1<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>6 mi<span class=\"_ _7\"></span>llion <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdca\">(202<span class=\"_ _9\"></span>2: expense of $<span class=\"_ _7\"></span>9<span class=\"_ _9\"></span>.3 mill<span class=\"_ _7\"></span>ion) in resp<span class=\"_ _7\"></span>ect of em<span class=\"_ _7\"></span>ployee sha<span class=\"_ _7\"></span>re awards. The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s appli<span class=\"_ _7\"></span>ed the pr<span class=\"_ _7\"></span>incip<span class=\"_ _7\"></span>les ou<span class=\"_ _7\"></span>tlined i<span class=\"_ _7\"></span>n the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdcb\">Blac<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span>-Scho<span class=\"_ _7\"></span>les optio<span class=\"_ _7\"></span>n prici<span class=\"_ _7\"></span>ng mode<span class=\"_ _7\"></span>l whe<span class=\"_ _7\"></span>n determi<span class=\"_ _7\"></span>ning the fa<span class=\"_ _7\"></span>ir value of e<span class=\"_ _7\"></span>ach sha<span class=\"_ _7\"></span>re option ins<span class=\"_ _7\"></span>trume<span class=\"_ _7\"></span>nt. F<span class=\"_ _9\"></span>or th<span class=\"_ _7\"></span>e fair valu<span class=\"_ _7\"></span>e pric<span class=\"_ _7\"></span>ing </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdcc\">of per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>manc<span class=\"_ _7\"></span>e share p<span class=\"_ _7\"></span>lans, the G<span class=\"_ _7\"></span>roup use<span class=\"_ _7\"></span>s the sha<span class=\"_ _7\"></span>re pric<span class=\"_ _7\"></span>e on the date of grant of the o<span class=\"_ _7\"></span>ptions. For any optio<span class=\"_ _7\"></span>ns contin<span class=\"_ _7\"></span>gent </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdcd\">on ach<span class=\"_ _7\"></span>ieving t<span class=\"_ _7\"></span>argets lin<span class=\"_ _7\"></span>ked t<span class=\"_ _9\"></span>o total sha<span class=\"_ _7\"></span>rehol<span class=\"_ _7\"></span>der retur<span class=\"_ _7\"></span>ns, the fair va<span class=\"_ _7\"></span>lue pr<span class=\"_ _7\"></span>ice on date of gra<span class=\"_ _7\"></span>nt is adjus<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed to take ac<span class=\"_ _7\"></span>count of the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsdce\">probability of<span class=\"_ _9\"></span> achieving t<span class=\"_ _9\"></span>he per<span class=\"_ _7\"></span>formance targe<span class=\"_ _9\"></span>ts.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdcf\">The r<span class=\"_ _7\"></span>ange of pr<span class=\"_ _7\"></span>incip<span class=\"_ _7\"></span>al Group a<span class=\"_ _7\"></span>ssum<span class=\"_ _7\"></span>ptions app<span class=\"_ _7\"></span>lied i<span class=\"_ _7\"></span>n determin<span class=\"_ _7\"></span>ing the fa<span class=\"_ _7\"></span>ir value of sh<span class=\"_ _7\"></span>are-ba<span class=\"_ _7\"></span>sed paym<span class=\"_ _7\"></span>ent instr<span class=\"_ _7\"></span>ume<span class=\"_ _7\"></span>nts granted </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdd0\">dur<span class=\"_ _7\"></span>ing the yea<span class=\"_ _7\"></span>r unde<span class=\"_ _7\"></span>r review are:<span class=\"_ _304\"> </span></div><div class=\"gsdd1\"><table class=\"s w4cd hcc\" id=\"_a31e4af3-284f-4cfa-b746-b07d1e2ae544\"><tr><td></td><td class=\"c n x1b7 y20c8 w4ce h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">As<span class=\"_ _7\"></span>sumption<span class=\"_ _7\"></span>s affe<span class=\"_ _7\"></span>cting in<span class=\"_ _7\"></span>puts to fair valu<span class=\"_ _7\"></span>e model<span class=\"_ _7\"></span>s<span class=\"_ _205\"> </span><span class=\"fs28 ls9f wsb8\">2023<span class=\"_ _304\"> </span></span></div></td><td class=\"c n x90f y20c9 w4cf h91\"><div class=\"t m0 x1b6 h25 y1f81 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fb1 w4d0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ann<span class=\"_ _7\"></span>ual ri<span class=\"_ _7\"></span>sk<span class=\"_ _9\"></span>-free rates of retur<span class=\"_ _7\"></span>n and dis<span class=\"_ _7\"></span>count rates (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x910 y1fb1 w4d1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">3.35-4.<span class=\"_ _9\"></span>78<span class=\"_ _304\"> </span></div></td><td class=\"c n x911 y1fb1 w4d2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>6<span class=\"_ _8\"></span>-<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f41 w4d3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Long-term di<span class=\"_ _7\"></span>vide<span class=\"_ _7\"></span>nd yie<span class=\"_ _7\"></span>ld (%<span class=\"_ _a\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x912 y1f41 w2a9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x913 y1f41 w4d4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _2c\"></span>2<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f42 w4d5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">E<span class=\"_ _7\"></span>xpe<span class=\"_ _7\"></span>cted life of options (<span class=\"_ _7\"></span>year<span class=\"_ _7\"></span>s)<span class=\"_ _304\"> </span></div></td><td class=\"c n x914 y1f42 w4d6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls78 ws122\">3.<span class=\"_ _7\"></span>25<span class=\"_ _304\"> </span></div></td><td class=\"c n x915 y1f42 w4d7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">3<span class=\"_ _7\"></span>.25<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e7d w4d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Impl<span class=\"_ _7\"></span>ied volatil<span class=\"_ _7\"></span>ity of s<span class=\"_ _7\"></span>hare pr<span class=\"_ _7\"></span>ice (%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x916 y1e7d w4d9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">3<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x917 y1e7d w33f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">49.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w4da h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Weighted averag<span class=\"_ _7\"></span>e share p<span class=\"_ _7\"></span>rice (<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x918 y1e80 w229 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x919 y1e80 w1b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">9<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdd2\">The we<span class=\"_ _7\"></span>ighted averag<span class=\"_ _7\"></span>e fair valu<span class=\"_ _7\"></span>e of each s<span class=\"_ _7\"></span>hare option g<span class=\"_ _7\"></span>ranted dur<span class=\"_ _7\"></span>ing the ye<span class=\"_ _7\"></span>ar was 392<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>p (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>4<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>8.3p)<span class=\"_ _9\"></span>. The we<span class=\"_ _7\"></span>ighted average <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdd3\">fair va<span class=\"_ _7\"></span>lue of eac<span class=\"_ _7\"></span>h Per<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce Sha<span class=\"_ _7\"></span>re Plan award gr<span class=\"_ _7\"></span>anted dur<span class=\"_ _7\"></span>ing the yea<span class=\"_ _7\"></span>r was 1<span class=\"_ _a\"></span>,<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>40.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>p (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>983.0p)<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdd4\">Moveme<span class=\"_ _7\"></span>nts in the num<span class=\"_ _7\"></span>ber of sh<span class=\"_ _7\"></span>are options a<span class=\"_ _7\"></span>nd Per<span class=\"_ _7\"></span>form<span class=\"_ _7\"></span>ance S<span class=\"_ _7\"></span>hare Pla<span class=\"_ _7\"></span>n awards duri<span class=\"_ _7\"></span>ng the yea<span class=\"_ _7\"></span>r and deta<span class=\"_ _7\"></span>ils of the bal<span class=\"_ _7\"></span>ance<span class=\"_ _7\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdd5\">outst<span class=\"_ _7\"></span>andin<span class=\"_ _7\"></span>g at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023 for the Exec<span class=\"_ _7\"></span>utive Dire<span class=\"_ _7\"></span>ctors are s<span class=\"_ _7\"></span>hown in the a<span class=\"_ _7\"></span>nnual re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>t on re<span class=\"_ _7\"></span>mune<span class=\"_ _7\"></span>ration 2023. The total </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdd6\">numb<span class=\"_ _7\"></span>er of options a<span class=\"_ _7\"></span>nd Per<span class=\"_ _7\"></span>form<span class=\"_ _7\"></span>ance S<span class=\"_ _7\"></span>hare Pla<span class=\"_ _7\"></span>n awards outsta<span class=\"_ _7\"></span>nding i<span class=\"_ _7\"></span>s 1<span class=\"_ _9\"></span>0<span class=\"_ _9\"></span>,505,90<span class=\"_ _9\"></span>1 (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>0<span class=\"_ _9\"></span>,32<span class=\"_ _9\"></span>5,<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>38) of whic<span class=\"_ _7\"></span>h 7<span class=\"_ _9\"></span>06,282 are </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdd7\">exercisa<span class=\"_ _7\"></span>ble (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>,28<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>,068). The total num<span class=\"_ _7\"></span>ber of SA<span class=\"_ _a\"></span>Y<span class=\"_ _7\"></span>E options ou<span class=\"_ _7\"></span>tstand<span class=\"_ _7\"></span>ing is 2<span class=\"_ _9\"></span>,<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>95<span class=\"_ _9\"></span>,828 (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2<span class=\"_ _9\"></span>,650,32<span class=\"_ _9\"></span>2) and em<span class=\"_ _7\"></span>ployee <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdd8\">sha<span class=\"_ _7\"></span>re awards is 4,<span class=\"_ _9\"></span>61<span class=\"_ _a\"></span>5,<span class=\"_ _9\"></span>0<span class=\"_ _7\"></span>6<span class=\"_ _9\"></span>1 (202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>4<span class=\"_ _9\"></span>,<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>65,<span class=\"_ _9\"></span>4<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdd9\">The i<span class=\"_ _7\"></span>mplie<span class=\"_ _7\"></span>d volatilit<span class=\"_ _7\"></span>y as<span class=\"_ _7\"></span>sumption i<span class=\"_ _7\"></span>s based o<span class=\"_ _7\"></span>n historic<span class=\"_ _7\"></span>al data for p<span class=\"_ _7\"></span>eri<span class=\"_ _7\"></span>ods of bet<span class=\"_ _7\"></span>ween fi<span class=\"_ _7\"></span>ve and ten year<span class=\"_ _7\"></span>s imme<span class=\"_ _7\"></span>diately pre<span class=\"_ _7\"></span>ced<span class=\"_ _7\"></span>ing <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdda\">gran<span class=\"_ _7\"></span>t date<span class=\"_ _9\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-402": {
   "value": "<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls3d ws46 gsddc\">20 Insurance liabilities<span class=\"_ _9\"></span> and reinsurance contract </div><div class=\"gsc82\"><table class=\"s w4db ha3\" id=\"_77f4e83b-f0d9-4ddb-a295-ad39258ab9ba\"><tr><td></td><td class=\"t m0 x1fb h43 y2039 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2039 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y20b3 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y20b3 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w1bd h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance cont<span class=\"_ _9\"></span>ract liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n x91a y1f86 wa5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,60<span class=\"_ _7\"></span>4.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x91b y1f86 w4dc h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">6,6<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w220 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Reinsurance cont<span class=\"_ _9\"></span>ract held asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x91c y1e8e w4dd h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(2,<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>98<span class=\"_ _7\"></span>.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x91d y1e8e w4de h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"> </span>2<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w4df h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Net insurance<span class=\"_ _9\"></span> contract l<span class=\"_ _9\"></span>iabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x91e y1e80 w4e0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">4<span class=\"_ _7\"></span>,5<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>5.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x91f y1e80 w4e1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _2c\"></span>,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsddd\">Deta<span class=\"_ _7\"></span>iled re<span class=\"_ _7\"></span>conci<span class=\"_ _7\"></span>liations of c<span class=\"_ _7\"></span>hange<span class=\"_ _7\"></span>s in insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e contract b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ces du<span class=\"_ _7\"></span>ring the ye<span class=\"_ _7\"></span>ar are in<span class=\"_ _7\"></span>clude<span class=\"_ _7\"></span>d below in n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>e 20.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdde\">The a<span class=\"_ _7\"></span>nal<span class=\"_ _7\"></span>ysis of cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>s disclo<span class=\"_ _7\"></span>sed at a co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated level in lin<span class=\"_ _7\"></span>e with how the G<span class=\"_ _7\"></span>roup ma<span class=\"_ _7\"></span>nages a<span class=\"_ _7\"></span>nd mon<span class=\"_ _7\"></span>itors the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsddf\">Fur<span class=\"_ _7\"></span>ther de<span class=\"_ _7\"></span>tails rel<span class=\"_ _7\"></span>ated t<span class=\"_ _9\"></span>o ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s in the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated incom<span class=\"_ _7\"></span>e statement by se<span class=\"_ _7\"></span>gme<span class=\"_ _7\"></span>ntal repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting are di<span class=\"_ _7\"></span>sclose<span class=\"_ _7\"></span>d in note 4<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gsde0\">20<span class=\"_ _9\"></span>.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>(<span class=\"_ _9\"></span>a) Net<span class=\"_ _9\"></span> insurance cont<span class=\"_ _9\"></span>ract liabilities<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gsde1\">Net ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts \u2013 anal<span class=\"_ _7\"></span>ysis by rema<span class=\"_ _7\"></span>ining c<span class=\"_ _7\"></span>overage an<span class=\"_ _7\"></span>d incur<span class=\"_ _7\"></span>red cla<span class=\"_ _7\"></span>ims<span class=\"_ _304\"> </span></div><div class=\"gsde2\"><table class=\"s w4e2 hcd\" id=\"_6d3ec1c0-bac4-4b22-b4de-e611925ceedb\"><tr><td></td><td></td><td class=\"c n x920 y20cb w4e3 h9a\"><div class=\"t m0 x1b6 h43 y20ca ff64 fs28 fc2 sc0 lse4 ws15d\">Ne<span class=\"_ _7\"></span>t liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>ies f<span class=\"_ _7\"></span>or re<span class=\"_ _7\"></span>mai<span class=\"_ _7\"></span>ning c<span class=\"_ _7\"></span>over<span class=\"_ _7\"></span>age<span class=\"_ _304\"> </span></div></td><td class=\"c n x921 y20cb w4e4 h9a\"><div class=\"t m0 x1b6 h43 y20ca ff64 fs28 fc2 sc0 lse4 ws15d\">N<span class=\"_ _7\"></span>et lia<span class=\"_ _7\"></span>bil<span class=\"_ _7\"></span>itie<span class=\"_ _7\"></span>s for i<span class=\"_ _7\"></span>ncu<span class=\"_ _7\"></span>rre<span class=\"_ _7\"></span>d cla<span class=\"_ _7\"></span>ims<span class=\"_ _304\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x922 h43 y20cc ff64 fs28 fc2 sc0 lsf0 ws1b9\">Excluding<span class=\"_ _304\"> </span></td><td class=\"t m0 x464 h43 y20cc ff64 fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>s<span class=\"_ _7\"></span>s </td><td class=\"t m0 x522 h43 y20cc ff64 fs28 fc2 sc0 ls10a ws15e\">Estimates<span class=\"_ _9\"></span> of </td><td class=\"t m0 x923 h43 y20cc ff64 fs28 fc2 sc0 ls7c wsdf\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 x924 h43 y20cd ff64 fs28 fc2 sc0 lse6 ws138\">loss component<span class=\"_ _304\"> </span></td><td class=\"t m0 x925 h43 y20cd ff64 fs28 fc2 sc0 lse6 ws12d\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e5 h43 y20cd ff64 fs28 fc2 sc0 lsf0 ws13c\">present value of<span class=\"_ _9\"></span> </td><td class=\"t m0 x926 h43 y20cd ff64 fs28 fc2 sc0 lse6 ws138\">for non-financial<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 x927 h43 y20ce ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e3 h43 y20ce ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x928 h43 y20ce ff64 fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>lows<span class=\"_ _304\"> </span></td><td class=\"t m0 x51d h43 y20ce ff64 fs28 fc2 sc0 ls7c ws98\">risk<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y20cf ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 h25 y20d0 ff64 fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2023<span class=\"_ _304\"> </span></td><td></td><td></td><td class=\"t m0 x929 h43 y20d0 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e8 h43 y20d0 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y20d1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y20d2 w4e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x92a y20d2 w4e6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">1<span class=\"_ _9\"></span>86.8*<span class=\"_ _304\"> </span></div></td><td class=\"c n x92b y20d2 w2d3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x92c y20d2 w4e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x92d y20d2 w4e8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x92e y20d2 w4e9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20d3 w4ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x92f y20d3 w377 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x930 y20d3 w3f6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x931 y20d3 w4eb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x932 y20d3 w14e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x933 y20d3 wa5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,69<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20d4 w4ec h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n x934 y20d4 w4ed h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls140 ws226\">4<span class=\"_ _7\"></span>74<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x935 y20d4 w41c h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x936 y20d4 w4ee h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">3<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x937 y20d4 w4ef h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">2<span class=\"_ _9\"></span>46.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x938 y20d4 w4f0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">4<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>7<span class=\"_ _8\"></span>7.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y20d5 ff64 fs7 fc2 sc0 ls7c ws89\">Changes in the consolidated income statement<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x203 he y20d6 ff5f fs7 fc2 sc0 ls38 ws41\">Insu<span class=\"_ _7\"></span>rance reve<span class=\"_ _7\"></span>nue, net of allo<span class=\"_ _7\"></span>cation <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x203 he y20d7 ff5f fs7 fc2 sc0 ls39 ws43\">of r<span class=\"_ _9\"></span>einsurance premiums<span class=\"_ _304\"> </span></td><td class=\"c n x939 y20d8 w4f1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6e ws120\">(3,3<span class=\"_ _7\"></span>63.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x93a y20d8 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x93b y20d8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x93c y20d8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x93d y20d8 w4f2 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6e ws120\">(3<span class=\"_ _7\"></span>,363<span class=\"_ _7\"></span>.8)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y20d9 ff64 fs7 fc2 sc0 ls38 ws41\">Insu<span class=\"_ _7\"></span>rance s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vice exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s, net of am<span class=\"_ _7\"></span>ounts <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x203 h25 y20da ff64 fs7 fc2 sc0 ls39 ws43\">recov<span class=\"_ _9\"></span>erable from reinsurers<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20db w4f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other at<span class=\"_ _7\"></span>tribut<span class=\"_ _7\"></span>able exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x93e y20db wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x93f y20db w4f4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _c\"> </span>7.<span class=\"_ _8\"></span>7<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x940 y20db w1cf h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x941 y20db w230 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">72.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x942 y20db w4f5 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2,0<span class=\"_ _7\"></span>27<span class=\"_ _a\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20dc w307 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _304\"> </span></div></td><td class=\"c n x943 y20dc w1cf h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x944 y20dc w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x945 y20dc w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x946 y20dc w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x947 y20dc w16f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y20dd ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ments t<span class=\"_ _9\"></span>o liabilities f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20de w4f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o pa<span class=\"_ _7\"></span>st ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce<span class=\"_ _304\"> </span></div></td><td class=\"c n x948 y20de wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x949 y20de w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x94a y20de w4f7 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>17<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x94b y20de w4f8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x94c y20de w4f9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(203<span class=\"_ _7\"></span>.6)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20df w4fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Loss<span class=\"_ _7\"></span>es and reve<span class=\"_ _7\"></span>rsal<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s on one<span class=\"_ _7\"></span>rous contr<span class=\"_ _7\"></span>acts<span class=\"_ _304\"> </span></div></td><td class=\"c n x94d y20df w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x94e y20df w4fb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x94f y20df w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x950 y20df w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x951 y20df w4fc h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e0 w4fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s in non-pe<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk of reins<span class=\"_ _7\"></span>urers<span class=\"_ _304\"> </span></div></td><td class=\"c n x952 y20e0 wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x953 y20e0 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x954 y20e0 w108 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x955 y20e0 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x956 y20e0 w108 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e1 w4fe h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal net insurance service expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n x957 y20e1 w4ff h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x958 y20e1 w179 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls74 ws82\">5.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x959 y20e1 w500 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">1<span class=\"_ _9\"></span>,7<span class=\"_ _7\"></span>78<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x95a y20e1 w501 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">48.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x95b y20e1 w1f7 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2,871<span class=\"_ _9\"></span>.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e2 w29f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c ws45\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n x95c y20e2 w502 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls15d ws211\">(2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>24.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x95d y20e2 w68 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls74 ws82\">5.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x95e y20e2 w503 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">1,77<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x95f y20e2 w203 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">48.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x960 y20e2 w2de h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">(492<span class=\"_ _9\"></span>.3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e3 w504 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance (i<span class=\"_ _7\"></span>ncom<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>)/<span class=\"_ _9\"></span>expe<span class=\"_ _7\"></span>nses f<span class=\"_ _7\"></span>rom insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts<span class=\"_ _304\"> </span></div></td><td class=\"c n x961 y20e3 w505 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x962 y20e3 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x963 y20e3 w506 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">1<span class=\"_ _a\"></span>48.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x964 y20e3 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x965 y20e3 w426 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e4 w2bb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net for<span class=\"_ _9\"></span>eign ex<span class=\"_ _9\"></span>change losses<span class=\"_ _304\"> </span></div></td><td class=\"c n x966 y20e4 w507 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x967 y20e4 wee h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x968 y20e4 w17b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">52.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x729 y20e4 wa3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"> </span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x969 y20e4 w215 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">80.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e5 w508 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal change recognised in compr<span class=\"_ _9\"></span>ehensive income<span class=\"_ _304\"> </span></div></td><td class=\"c n x96a y20e5 w509 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lseb ws136\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>313<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x96b y20e5 w2e7 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">5.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x96c y20e5 w235 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x96d y20e5 w2aa h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">5<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x96e y20e5 w428 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">(272.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e6 w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n x96f y20e6 w50b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">31.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x970 y20e6 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x971 y20e6 w50c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x972 y20e6 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x973 y20e6 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e7 w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n x974 y20e7 w50e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>258.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x975 y20e7 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x976 y20e7 w50f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x977 y20e7 w3ef h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x978 y20e7 w297 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>42.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y20e8 ff64 fs7 fc2 sc0 ls38 ws41\">Net c<span class=\"_ _7\"></span>ash flows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20e9 w510 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Net pr<span class=\"_ _9\"></span>emium receiv<span class=\"_ _9\"></span>ed<span class=\"_ _304\"> </span></div></td><td class=\"c n x979 y20e9 w511 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x97a y20e9 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97b y20e9 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97c y20e9 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97d y20e9 w512 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>3<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ea w513 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce expe<span class=\"_ _7\"></span>nses pa<span class=\"_ _7\"></span>id<span class=\"_ _304\"> </span></div></td><td class=\"c n x97e y20ea wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97f y20ea w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x980 y20ea w514 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3e ws162\">(988.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x981 y20eb w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x982 y20eb w515 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3e ws162\">(988.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ec w516 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance acqui<span class=\"_ _9\"></span>sition cash flo<span class=\"_ _9\"></span>ws<span class=\"_ _304\"> </span></div></td><td class=\"c n x983 y20ec w517 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(806.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n x984 y20ec w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x985 y20ec w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x986 y20ec w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x987 y20ec w518 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(8<span class=\"_ _7\"></span>06.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed4 w519 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows<span class=\"_ _304\"> </span></div></td><td class=\"c n x988 y1ed4 w51a h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x989 y1ed4 w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x98a y1ed4 w51b h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3e ws162\">(988.5<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x98b y1ed4 w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x98c y1ed4 w1cf h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f7e w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x98d y1f7e w51d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>8.8*<span class=\"_ _304\"> </span></div></td><td class=\"c n x98e y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x98f y1f7e w51e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x990 y1f7e w51f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsd4 wsfa\">(<span class=\"_ _7\"></span>520.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x991 y1f7e w520 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(2,<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>98<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f8d w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n x992 y1f8d w522 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls94 wsa9\">346.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x993 y1f8d w1f3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x994 y1f8d w523 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">5,427<span class=\"_ _a\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x995 y1f8d w361 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x996 y1f8d wa5 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,6<span class=\"_ _7\"></span>04.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w524 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n x997 y1e80 w525 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">46<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x998 y1e80 wa3 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x999 y1e80 w526 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">3<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>31.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x99a y1e80 w21c h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">3<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x99b y1e80 w4ee h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">4<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 h41 ff5f fs27 fc2 sc0 ls8 ws4 gsde3\">\u2020<span class=\"_ _304\"> </span></div><div class=\"t m0 h5 ff5f fs2 fc2 sc0 lsc wsc gsde4\">*In<span class=\"_ _7\"></span>clu<span class=\"_ _7\"></span>des L<span class=\"_ _7\"></span>PT AR<span class=\"_ _7\"></span>C gros<span class=\"_ _7\"></span>s of pre<span class=\"_ _7\"></span>miu<span class=\"_ _7\"></span>m payab<span class=\"_ _7\"></span>le<span class=\"_ _7\"></span>s of $53<span class=\"_ _7\"></span>4.<span class=\"_ _a\"></span>1 mil<span class=\"_ _7\"></span>lion a<span class=\"_ _7\"></span>t 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>ce<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 2022 an<span class=\"_ _7\"></span>d $532.3 mi<span class=\"_ _7\"></span>llio<span class=\"_ _7\"></span>n at 31 Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er 2023.<span class=\"_ _304\"> </span></div><div class=\"t m0 h16 ff5f fs9 fc2 sc0 ls8 ws4 gsde5\">\u2020<span class=\"_ _304\"> </span></div><div class=\"t m0 h5 ff5f fs2 fc2 sc0 lsc wsc gsde6\">Inc<span class=\"_ _7\"></span>lud<span class=\"_ _7\"></span>es a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>atio<span class=\"_ _7\"></span>n of LP<span class=\"_ _7\"></span>T prem<span class=\"_ _7\"></span>ium of $<span class=\"_ _7\"></span>61<span class=\"_ _a\"></span>.7 mil<span class=\"_ _7\"></span>lio<span class=\"_ _7\"></span>n.<span class=\"_ _304\"> </span></div>20<span class=\"_ _9\"></span>.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>(<span class=\"_ _9\"></span>a) Net<span class=\"_ _9\"></span> insurance cont<span class=\"_ _9\"></span>ract liabilities<span class=\"_ _304\"> </span>Net ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts \u2013 anal<span class=\"_ _7\"></span>ysis by rema<span class=\"_ _7\"></span>ining c<span class=\"_ _7\"></span>overage an<span class=\"_ _7\"></span>d incur<span class=\"_ _7\"></span>red cla<span class=\"_ _7\"></span>ims (continue<span class=\"_ _7\"></span>d)<span class=\"_ _304\"> </span><table class=\"s w527 hce\" id=\"_a046e32e-43b5-4dfb-9856-f4b1e0fcb355\"><tr><td></td><td></td><td class=\"c n x99c y20ed w528 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Net liabilit<span class=\"_ _9\"></span>ies for remaining<span class=\"_ _9\"></span> coverage<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n x99d y20ed w529 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Net liabilities<span class=\"_ _9\"></span> for incurred<span class=\"_ _9\"></span> claims<span class=\"_ _304\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x99e h44 y20ee ff5f fs28 fc2 sc0 lse6 ws138\">Estimates o<span class=\"_ _9\"></span>f </td><td></td><td class=\"t m0 x99f h44 y20ee ff5f fs28 fc2 sc0 lse6 ws138\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x9a0 h44 y20ef ff5f fs28 fc2 sc0 lsed ws17b\">Excluding<span class=\"_ _304\"> </span></td><td class=\"t m0 x490 h44 y20ef ff5f fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>ss </td><td class=\"t m0 x9a1 h44 y20ef ff5f fs28 fc2 sc0 lse4 ws15d\">pre<span class=\"_ _7\"></span>se<span class=\"_ _7\"></span>nt val<span class=\"_ _7\"></span>ue of </td><td></td><td class=\"t m0 x99f h44 y20ef ff5f fs28 fc2 sc0 ls10a ws15e\">for non-<span class=\"_ _9\"></span>financial </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x9a2 h44 y20f0 ff5f fs28 fc2 sc0 ls10a ws15e\">loss component<span class=\"_ _304\"> </span></td><td class=\"t m0 x25d h44 y20f0 ff5f fs28 fc2 sc0 ls10a ws15c\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x5a0 h44 y20f0 ff5f fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>low<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x9a3 h44 y20f0 ff5f fs28 fc2 sc0 lse6 ws12d\">risk<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x1b1 h44 y20f1 ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y20f2 ff5f fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dece<span class=\"_ _7\"></span>mber 2022<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a4 h44 y20f2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a5 h44 y20f2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a6 h44 y20f2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x9a7 h44 y20f2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x1b5 h44 y20f3 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y20f4 w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x9a8 y20f4 w52a h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>*<span class=\"_ _304\"> </span></div></td><td class=\"c n x9a9 y20f4 w362 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9aa y20f4 w52b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">(<span class=\"_ _7\"></span>2,<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ab y20f4 w52c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(5<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>3.4)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ac y20f4 w52d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(2<span class=\"_ _9\"></span>,856.9)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20f5 w4ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x92f y20f5 w377 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ad y20f5 w52e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">1<span class=\"_ _9\"></span>6.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ae y20f5 w237 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">6<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9af y20f5 wd5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">8<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b0 y20f5 w24d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">8<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b1 y20f5 w52f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b2 y20f5 w530 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">6<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20f6 w531 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b3 y20f6 w532 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">39<span class=\"_ _7\"></span>6.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b4 y20f6 w533 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b5 y20f6 w534 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">3,<span class=\"_ _7\"></span>572.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b6 y20f6 w535 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">348.9<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x91b y20f6 w4dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4,3<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y20f7 ff5f fs7 fc2 sc0 ls38 ws41\">Cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n the cons<span class=\"_ _7\"></span>olidated in<span class=\"_ _7\"></span>come st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1bb he y20f8 ff5f fs7 fc2 sc0 ls38 ws41\">Insu<span class=\"_ _7\"></span>rance reve<span class=\"_ _7\"></span>nue, net of allo<span class=\"_ _7\"></span>cation <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1b7 y20fa w536 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">of r<span class=\"_ _9\"></span>einsurance premiums</div><div class=\"t m0 x9b7 h41 y20f9 ff5f fs27 fc2 sc0 ls8 ws4\">\u2020<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b8 y20fb w537 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(3,00<span class=\"_ _7\"></span>8.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b9 y20fb w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ba y20fb w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9bb y20fb w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9bc y20fb w537 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(3,00<span class=\"_ _7\"></span>8.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y20fc ff5f fs7 fc2 sc0 ls39 ws43\">Insurance ser<span class=\"_ _7\"></span>vice expenses,<span class=\"_ _9\"></span> net of amount<span class=\"_ _9\"></span>s <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1bb he y20fd ff5f fs7 fc2 sc0 ls3b ws44\">recov<span class=\"_ _9\"></span>erable from reins<span class=\"_ _9\"></span>urers<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20fe w4f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other at<span class=\"_ _7\"></span>tribut<span class=\"_ _7\"></span>able exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x93e y20fe wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9bd y20fe w538 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9be y20fe w539 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">2<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9bf y20fe w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">32.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c0 y20fe w53a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ff w307 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _304\"> </span></div></td><td class=\"c n x943 y20ff w13f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c1 y20ff w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c2 y20ff w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c3 y20ff w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x5f2 y20ff w13f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2100 ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ments t<span class=\"_ _9\"></span>o liabilities f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2101 w4f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o pa<span class=\"_ _7\"></span>st ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce<span class=\"_ _304\"> </span></div></td><td class=\"c n x948 y2101 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x949 y2101 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x94a y2101 w53b h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">(2<span class=\"_ _9\"></span>58.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c4 y2101 w4e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">(12<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x56d y2101 w53c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">(<span class=\"_ _7\"></span>378.<span class=\"_ _7\"></span>5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2102 w4fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Loss<span class=\"_ _7\"></span>es and reve<span class=\"_ _7\"></span>rsal<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s on one<span class=\"_ _7\"></span>rous contr<span class=\"_ _7\"></span>acts<span class=\"_ _304\"> </span></div></td><td class=\"c n x94d y2102 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c5 y2102 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c6 y2102 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c7 y2102 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c8 y2102 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2103 w4fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s in non-pe<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk of reins<span class=\"_ _7\"></span>urers<span class=\"_ _304\"> </span></div></td><td class=\"c n x952 y2103 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x953 y2103 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c9 y2103 w30f h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ca y2103 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9cb y2103 w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2104 w53d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal n<span class=\"_ _7\"></span>et insura<span class=\"_ _7\"></span>nce se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice ex<span class=\"_ _7\"></span>pens<span class=\"_ _7\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n x9cc y2104 w81 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9cd y2104 w53e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ce y2104 w53f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">1<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>74<span class=\"_ _304\"> </span></div></td><td class=\"c n x9cf y2104 w540 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">0<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d0 y2104 w3e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>8<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9d1 y2104 w541 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>4<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e2 w31e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d2 y20e2 w542 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(2,<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d3 y20e2 w543 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9d4 y20e2 w544 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">1,<span class=\"_ _8\"></span>74<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d5 y20e2 w3e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>8<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9d6 y20e2 w545 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>36<span class=\"_ _7\"></span>0.9)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2105 w546 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance in<span class=\"_ _7\"></span>come/(<span class=\"_ _9\"></span>exp<span class=\"_ _7\"></span>ense) from in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d7 y2105 w484 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">3<span class=\"_ _7\"></span>8.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d8 y2105 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9d9 y2105 w365 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9da y2105 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9db y2105 w547 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _7\"></span>111<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2106 w548 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fore<span class=\"_ _7\"></span>ign exchang<span class=\"_ _7\"></span>e gains<span class=\"_ _304\"> </span></div></td><td class=\"c n x9dc y2106 w549 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(6<span class=\"_ _7\"></span>5.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9dd y2106 w54a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9de y2106 w54b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _c\"> </span>74<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9df y2106 w54c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">(<span class=\"_ _7\"></span>15<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9e0 y2106 w29 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>5<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e5 w54d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal change r<span class=\"_ _9\"></span>ecognise<span class=\"_ _7\"></span>d in<span class=\"_ _9\"></span> comprehensive income<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e1 y20e5 w54e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(2<span class=\"_ _9\"></span>,03<span class=\"_ _7\"></span>0.<span class=\"_ _9\"></span>7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e2 y20e5 w53e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9e3 y20e5 w54f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>6<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e4 y20e5 w550 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(10<span class=\"_ _8\"></span>2.<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9e5 y20e5 w551 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>2<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2107 w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e6 y2107 w33e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">20.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e7 y2107 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9e8 y2107 w552 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(2<span class=\"_ _7\"></span>0.4<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e9 y2107 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ea y2107 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2108 w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n x9eb y2108 w553 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(23<span class=\"_ _7\"></span>5.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ec y2108 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ed y2108 w554 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">(<span class=\"_ _7\"></span>575<span class=\"_ _7\"></span>.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ee y2108 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ef y2108 w555 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2109 ff5f fs7 fc2 sc0 ls38 ws41\">Net ca<span class=\"_ _7\"></span>sh flows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y210a w510 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Net pr<span class=\"_ _9\"></span>emium receiv<span class=\"_ _9\"></span>ed<span class=\"_ _304\"> </span></div></td><td class=\"c n x979 y210a w539 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">3<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x97f y210a w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c6 y210a w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c7 y210a w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f0 y210a w556 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">3<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>9<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y210b w513 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce expe<span class=\"_ _7\"></span>nses pa<span class=\"_ _7\"></span>id<span class=\"_ _304\"> </span></div></td><td class=\"c n x97e y210b wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97f y210b w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f1 y210b w557 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x1ee y20eb w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f2 y20eb w558 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2022 w516 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance acqui<span class=\"_ _9\"></span>sition cash flo<span class=\"_ _9\"></span>ws<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f3 y2022 w559 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(76<span class=\"_ _9\"></span>7<span class=\"_ _e\"></span>.<span class=\"_ _9\"></span>7)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f4 y2022 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f5 y2022 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f6 y2022 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f7 y2022 w55a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(76<span class=\"_ _9\"></span>7<span class=\"_ _e\"></span>.<span class=\"_ _9\"></span>7)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed4 w55b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>ash flows<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f8 y1ed4 w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>32<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f9 y1ed4 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9fa y1ed4 w55c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9fb y1ed4 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9fc y1ed4 w556 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2081 w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x9fd y2081 w55d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">1<span class=\"_ _9\"></span>86.8*<span class=\"_ _304\"> </span></div></td><td class=\"c n x9fe y2081 w55e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">(0.6)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ff y2081 w55f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa00 y2081 w560 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa01 y2081 w561 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>2<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xa02 y1ed8 w562 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa03 y1ed8 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa04 y1ed8 w563 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">5<span class=\"_ _7\"></span>,<span class=\"_ _9\"></span>737<span class=\"_ _a\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa05 y1ed8 w2ba h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">6<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa06 y1ed8 wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">6,6<span class=\"_ _7\"></span>94.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w564 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xa07 y1e80 w565 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">4<span class=\"_ _7\"></span>74<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xa08 y1e80 w40e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa09 y1e80 w200 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">3,<span class=\"_ _9\"></span>454.<span class=\"_ _a\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0a y1e80 w3d1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">24<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa0b y1e80 w566 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _2c\"></span>,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td></tr></table>*In<span class=\"_ _7\"></span>clu<span class=\"_ _7\"></span>des L<span class=\"_ _7\"></span>PT AR<span class=\"_ _7\"></span>C gros<span class=\"_ _7\"></span>s of pre<span class=\"_ _7\"></span>miu<span class=\"_ _7\"></span>m rec<span class=\"_ _7\"></span>eiv<span class=\"_ _7\"></span>abl<span class=\"_ _7\"></span>e $493.0 m<span class=\"_ _7\"></span>illi<span class=\"_ _7\"></span>on at 31 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 20<span class=\"_ _7\"></span>2<span class=\"_ _9\"></span>1 an<span class=\"_ _7\"></span>d $53<span class=\"_ _7\"></span>4.<span class=\"_ _a\"></span>1 mil<span class=\"_ _7\"></span>lio<span class=\"_ _7\"></span>n at 3<span class=\"_ _9\"></span>1 D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 2022.<span class=\"_ _304\"> </span>\u2020<span class=\"_ _304\"> </span>Inc<span class=\"_ _7\"></span>lud<span class=\"_ _7\"></span>es a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>atio<span class=\"_ _7\"></span>n of LP<span class=\"_ _7\"></span>T prem<span class=\"_ _7\"></span>ium of $1<span class=\"_ _9\"></span>8<span class=\"_ _7\"></span>0.8 mill<span class=\"_ _7\"></span>ion.<span class=\"_ _304\"> </span>Prio<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>-year d<span class=\"_ _7\"></span>evelopm<span class=\"_ _7\"></span>ent rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed for the yea<span class=\"_ _7\"></span>r amou<span class=\"_ _7\"></span>nts t<span class=\"_ _9\"></span>o $1<span class=\"_ _a\"></span>22<span class=\"_ _9\"></span>.8 mill<span class=\"_ _7\"></span>ion (2022<span class=\"_ _9\"></span>: $209<span class=\"_ _9\"></span>.4 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>) an<span class=\"_ _7\"></span>d comp<span class=\"_ _7\"></span>rise<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>: <table class=\"s w567 ha1\" id=\"_001a3f05-fbe1-47c9-b8c7-a35c5a7efd28\"><tr><td></td><td class=\"t m0 x26c h43 y210c ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y210c ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y210d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y210d ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c x1b7 y2016 w568 h98\"><div class=\"t m0 x1b6 he y1ee4 ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ment to<span class=\"_ _9\"></span> liabilities f<span class=\"_ _9\"></span>or incurred claims r<span class=\"_ _9\"></span>elating t<span class=\"_ _9\"></span>o past<span class=\"_ _9\"></span> ser<span class=\"_ _7\"></span>vice,<span class=\"_ _304\"> </span></div><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">net of rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce recover<span class=\"_ _7\"></span>ies (on a pre<span class=\"_ _7\"></span>sent-<span class=\"_ _9\"></span>valu<span class=\"_ _7\"></span>e basis)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0c y2016 w1e9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">203<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0d y2016 w121 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">378.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w569 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ment for discoun<span class=\"_ _9\"></span>ting impa<span class=\"_ _9\"></span>ct<span class=\"_ _304\"> </span></div></td><td class=\"c n x70c y1f86 w56a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>9<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0e y1f86 w1df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w56b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ment for LPT<span class=\"_ _9\"></span> premium and e<span class=\"_ _9\"></span>xperie<span class=\"_ _7\"></span>nce adj<span class=\"_ _9\"></span>ustment<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0f y1ed8 w50c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa10 y1ed8 w56c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">(18<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n xa11 y1e80 w426 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa12 y1e80 w3e8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">20<span class=\"_ _7\"></span>9.4<span class=\"_ _304\"> </span></div></td></tr></table><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gsdf1\">20<span class=\"_ _9\"></span>.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>(b<span class=\"_ _9\"></span>) Insurance<span class=\"_ _9\"></span> contract liabil<span class=\"_ _9\"></span>ities<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gsdf2\">Insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts \u2013 a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>is by remain<span class=\"_ _7\"></span>ing covera<span class=\"_ _7\"></span>ge and in<span class=\"_ _7\"></span>curre<span class=\"_ _7\"></span>d claim<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div><div class=\"gsdf3\"><table class=\"s w56d hcf\" id=\"_b3d17107-8bff-41b0-8280-c82761662aae\"><tr><td></td><td></td><td class=\"c n xa13 y210f w56e h91\"><div class=\"t m0 x1b6 h43 y210e ff64 fs28 fc2 sc0 lsf0 ws13c\">Liabilities for remaining coverage<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa14 y210f w56f h91\"><div class=\"t m0 x1b6 h43 y210e ff64 fs28 fc2 sc0 lsf3 ws1d9\">Liabilities<span class=\"_ _9\"></span> for incurred<span class=\"_ _9\"></span> claims<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 xa15 h43 y2110 ff64 fs28 fc2 sc0 lsf0 ws13c\">LRC excluding<span class=\"_ _9\"></span> </td><td class=\"t m0 x464 h43 y2110 ff64 fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>s<span class=\"_ _7\"></span>s </td><td class=\"t m0 x522 h43 y2110 ff64 fs28 fc2 sc0 ls10a ws15e\">Estimates<span class=\"_ _9\"></span> of </td><td class=\"t m0 x923 h43 y2110 ff64 fs28 fc2 sc0 ls7c wsdf\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 xa16 h43 y2111 ff64 fs28 fc2 sc0 lse6 ws138\">loss component<span class=\"_ _304\"> </span></td><td class=\"t m0 x925 h43 y2111 ff64 fs28 fc2 sc0 lse6 ws12d\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e5 h43 y2111 ff64 fs28 fc2 sc0 lsf0 ws13c\">present value of<span class=\"_ _9\"></span> </td><td class=\"t m0 x926 h43 y2111 ff64 fs28 fc2 sc0 lse6 ws138\">for non-financial<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 x6b5 h43 y2112 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e3 h43 y2112 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x928 h43 y2112 ff64 fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>lows<span class=\"_ _304\"> </span></td><td class=\"t m0 x51d h43 y2112 ff64 fs28 fc2 sc0 ls7c ws98\">risk<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y2113 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 h25 y2114 ff64 fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2023<span class=\"_ _304\"> </span></td><td></td><td></td><td class=\"t m0 x929 h43 y2114 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e8 h43 y2114 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y2115 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1fb6 w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xa17 y1fb6 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa18 y1fb6 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa19 y1fb6 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1a y1fb6 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x81a y1fb6 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2116 w4ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1b y2116 w12e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1c y2116 w3fe h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1d y2116 w570 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"> </span>,<span class=\"_ _8\"></span>7<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1e y2116 w14e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1f y2116 wa5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,69<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1feb w4ec h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xa20 y1feb w12e h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa21 y1feb w3f6 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa22 y1feb w44e h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _2c\"></span>3<span class=\"_ _8\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa23 y1feb w2c2 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _2c\"></span>6<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa24 y1feb w22e h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">6,6<span class=\"_ _7\"></span>94.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y2117 ff64 fs7 fc2 sc0 ls7c ws89\">Changes in the consolidated income statement<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2118 w10 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue<span class=\"_ _304\"> </span></div></td><td class=\"c n xa25 y2118 w571 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">(4,48<span class=\"_ _7\"></span>3.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa26 y2118 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa27 y2118 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa28 y2118 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa29 y2118 w572 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">(<span class=\"_ _9\"></span>4,48<span class=\"_ _7\"></span>3.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y2119 ff64 fs7 fc2 sc0 ls39 ws43\">Insurance ser<span class=\"_ _7\"></span>vice e<span class=\"_ _9\"></span>xpenses<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y211a w4f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other at<span class=\"_ _7\"></span>tribut<span class=\"_ _7\"></span>able exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2a y211a wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2b y211a w4d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(8.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2c y211a w573 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">2<span class=\"_ _9\"></span>,369.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2d y211a w574 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">11<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x258 y211a w575 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">2,<span class=\"_ _7\"></span>47<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y211b w307 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2e y211b w1cf h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ec y211b w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2f y211b w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x891 y211b w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa30 y211b w1cf h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y211c ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ments t<span class=\"_ _9\"></span>o liabilities f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> relating<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td class=\"c n xa31 y211d wc1 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa32 y211d w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa33 y211d w576 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8a wsa0\">(372.<span class=\"_ _7\"></span>9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa34 y211d w2fa h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">3<span class=\"_ _7\"></span>6.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xa35 y211d w1e6 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y211e ff5f fs7 fc2 sc0 ls38 ws41\">to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y211f w4fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Loss<span class=\"_ _7\"></span>es and reve<span class=\"_ _7\"></span>rsal<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s on one<span class=\"_ _7\"></span>rous contr<span class=\"_ _7\"></span>acts<span class=\"_ _304\"> </span></div></td><td class=\"c n xa36 y211f wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa37 y211f w262 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xa38 y211f w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa39 y211f w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x917 y211f w577 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2120 w578 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal insurance service expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3a y2120 w1cf h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3b y2120 w2e7 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3c y2120 w17 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x99a y2120 w224 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls155 ws204\">14<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x97d y2120 w579 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2121 w29f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c ws45\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3d y2121 w57a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls99 ws1d5\">(3,<span class=\"_ _9\"></span>444.2<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3e y2121 w2e7 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3f y2121 w17 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa40 y2121 w224 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls155 ws204\">14<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa41 y2121 w57b h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">(1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2122 w57c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s from ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n xa42 y2122 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa43 y2122 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa44 y2122 w219 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xa45 y2122 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa46 y2122 w219 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2123 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n xa47 y2123 w57d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls15d ws211\">24<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa48 y2123 wee h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa49 y2123 w57e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">73<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4a y2123 w47d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4b y2123 w2ea h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2124 w57f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al chang<span class=\"_ _7\"></span>e in the con<span class=\"_ _7\"></span>solidate<span class=\"_ _7\"></span>d income s<span class=\"_ _7\"></span>tateme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4c y2124 w580 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls16f ws230\">(<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>419<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4d y2124 w38c h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa6 wsc1\">5.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4e y2124 w95 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2,<span class=\"_ _7\"></span>29<span class=\"_ _7\"></span>0.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4f y2124 w581 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">1<span class=\"_ _9\"></span>56.<span class=\"_ _a\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa50 y2124 w582 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>9<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2125 w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n xa51 y2125 w4f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa52 y2125 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa53 y2125 w41a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa54 y2125 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa55 y2125 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdc w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n xa56 y1fdc w50e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(258.<span class=\"_ _9\"></span>0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa57 y1fdc w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa58 y1fdc w583 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">(6<span class=\"_ _7\"></span>93.<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa59 y1fdc w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5a y1fdc w585 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y2126 ff64 fs7 fc2 sc0 ls87 ws9e\">Ca<span class=\"_ _7\"></span>sh fl<span class=\"_ _7\"></span>ows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2127 w586 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Premi<span class=\"_ _7\"></span>um rec<span class=\"_ _7\"></span>eived<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5b y2127 w587 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">4,54<span class=\"_ _7\"></span>3.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5c y2127 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b0 y2127 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x31e y2127 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5d y2127 w2ce h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">4,5<span class=\"_ _7\"></span>43.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2128 w588 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cla<span class=\"_ _7\"></span>ims and othe<span class=\"_ _7\"></span>r insur<span class=\"_ _7\"></span>ance se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e expens<span class=\"_ _7\"></span>es pai<span class=\"_ _7\"></span>d<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5e y2128 wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x975 y2128 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5f y2128 w589 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(1<span class=\"_ _a\"></span>,9<span class=\"_ _7\"></span>08.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa60 y2128 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa61 y2128 w589 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(1<span class=\"_ _a\"></span>,9<span class=\"_ _7\"></span>08.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2129 w516 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance acqui<span class=\"_ _9\"></span>sition cash flo<span class=\"_ _9\"></span>ws<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f3 y2129 w58a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(80<span class=\"_ _7\"></span>6.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa62 y2129 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa63 y2129 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa64 y2129 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa65 y2129 w58a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(80<span class=\"_ _7\"></span>6.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y212a w519 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows<span class=\"_ _304\"> </span></div></td><td class=\"c n xa66 y212a w452 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa67 y207c w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa68 y207c w58b h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>,908.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa69 y207c w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6a y207c w1cf h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f7e w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6b y1f7e wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6c y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6d y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6e y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6f y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fcd w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xa70 y1fcd w58c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls94 wsa9\">3<span class=\"_ _7\"></span>46.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa71 y1fcd w58d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _c\"> </span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa72 y1fcd w58e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">5,427<span class=\"_ _20\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x900 y1fcd w21c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x4bd y1fcd w22e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,6<span class=\"_ _7\"></span>04.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w524 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xa73 y1e80 w522 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls94 wsa9\">346.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x967 y1e80 w1f3 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa74 y1e80 w1f8 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls75 ws11a\">5,42<span class=\"_ _9\"></span>7<span class=\"_ _a\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa75 y1e80 w361 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa76 y1e80 wa5 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">6,6<span class=\"_ _7\"></span>04.0<span class=\"_ _304\"> </span></div></td></tr></table></div>20<span class=\"_ _9\"></span>.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>(b<span class=\"_ _9\"></span>) Insurance<span class=\"_ _9\"></span> contract liabil<span class=\"_ _9\"></span>ities<span class=\"_ _304\"> </span>Insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts \u2013 a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>is by remain<span class=\"_ _7\"></span>ing covera<span class=\"_ _7\"></span>ge and in<span class=\"_ _7\"></span>curre<span class=\"_ _7\"></span>d claim<span class=\"_ _7\"></span>s continu<span class=\"_ _7\"></span>ed<span class=\"_ _304\"> </span><table class=\"s w58f hd0\" id=\"_a853bac8-7a3d-4811-b697-38c05bd81d49\"><tr><td></td><td></td><td class=\"c n xa77 y212b w590 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Liabilities for<span class=\"_ _9\"></span> remaining cov<span class=\"_ _9\"></span>erage<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xa78 y212b w591 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Liabilities for<span class=\"_ _9\"></span> incurred claims<span class=\"_ _304\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xa79 h44 y212c ff5f fs28 fc2 sc0 ls10a ws15e\">LRC ex<span class=\"_ _9\"></span>cluding </td><td class=\"t m0 x490 h44 y212c ff5f fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>ss </td><td></td><td class=\"t m0 x99e h44 y212c ff5f fs28 fc2 sc0 lse6 ws138\">Estimates o<span class=\"_ _9\"></span>f </td><td class=\"t m0 x99f h44 y212c ff5f fs28 fc2 sc0 lse6 ws138\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x435 h44 y212d ff5f fs28 fc2 sc0 ls10a ws15e\">loss component<span class=\"_ _304\"> </span></td><td class=\"t m0 x25d h44 y212d ff5f fs28 fc2 sc0 ls10a ws15c\">component<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x9a1 h44 y212d ff5f fs28 fc2 sc0 lse4 ws15d\">pre<span class=\"_ _7\"></span>se<span class=\"_ _7\"></span>nt val<span class=\"_ _7\"></span>ue of </td><td class=\"t m0 x99f h44 y212d ff5f fs28 fc2 sc0 ls10a ws15e\">for non-<span class=\"_ _9\"></span>financial </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xa7a h44 y212e ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a5 h44 y212e ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x5a0 h44 y212e ff5f fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>low<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a3 h44 y212e ff5f fs28 fc2 sc0 lse6 ws12d\">risk<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x1b1 h44 y212f ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y2130 ff5f fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dece<span class=\"_ _7\"></span>mber 2022<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td class=\"t m0 x9a6 h44 y2130 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a7 h44 y2130 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x1b5 h44 y2131 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2132 w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xa17 y2132 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa18 y2132 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa19 y2132 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1a y2132 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x81a y2132 w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1feb w4ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1b y1feb w5b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>3<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ad y1feb w52e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">1<span class=\"_ _9\"></span>6.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ae y1feb w237 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">6<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9af y1feb wd5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">8<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b0 y1feb w24d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">8<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b1 y1feb w52f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b2 y1feb w530 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">6<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2133 w531 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xa7b y2133 w5b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>3<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa7c y2133 w52e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">1<span class=\"_ _9\"></span>6.5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa7d y2133 w592 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">6<span class=\"_ _8\"></span>,1<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa7e y2133 w24d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">8<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa7f y2133 w52f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa80 y2133 w530 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">6<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2134 ff5f fs7 fc2 sc0 ls38 ws41\">Cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n the cons<span class=\"_ _7\"></span>olidated in<span class=\"_ _7\"></span>come st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2135 w10 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue<span class=\"_ _304\"> </span></div></td><td class=\"c n xa81 y2135 w593 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4,<span class=\"_ _7\"></span>273<span class=\"_ _7\"></span>.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa82 y2135 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa38 y2135 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa39 y2135 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa83 y2135 w593 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4,<span class=\"_ _7\"></span>273<span class=\"_ _7\"></span>.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2136 w4f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other at<span class=\"_ _7\"></span>tribut<span class=\"_ _7\"></span>able exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2a y2136 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa84 y2136 w594 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa85 y2136 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>92<span class=\"_ _7\"></span>2.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xa86 y2136 w18f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">75<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa87 y2136 wa0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>0.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fef w307 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _304\"> </span></div></td><td class=\"c n xa88 y1fef w595 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5c y1fef w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x5b0 y1fef w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x31e y1fef w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x3ee y1fef w13f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2137 ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ments t<span class=\"_ _9\"></span>o liabilities f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> relating<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2138 w596 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice<span class=\"_ _304\"> </span></div></td><td class=\"c n xa89 y2138 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa8a y2138 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa8b y2138 w597 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(2<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>6.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa8c y2138 w598 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(23<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.5)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa8d y2138 w599 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">(5<span class=\"_ _7\"></span>03.9)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2139 w4fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Loss<span class=\"_ _7\"></span>es and reve<span class=\"_ _7\"></span>rsal<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s on one<span class=\"_ _7\"></span>rous contr<span class=\"_ _7\"></span>acts<span class=\"_ _304\"> </span></div></td><td class=\"c n xa36 y2139 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa8e y2139 w59a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.8<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa8f y2139 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa90 y2139 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa91 y2139 w59b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2120 w59c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal insurance service expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n xa92 y2120 w13f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa93 y2120 w59d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa94 y2120 w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,6<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa95 y2120 w59e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">(16<span class=\"_ _8\"></span>2.<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa96 y2120 w59f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">3,48<span class=\"_ _7\"></span>5.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213a w31e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n xa97 y213a w5a0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>2<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa98 y213a w5a1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa99 y213a w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,6<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9a y213a w5a2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">(16<span class=\"_ _8\"></span>2.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa9b y213a w5a3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>7<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff3 w5a4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance in<span class=\"_ _7\"></span>come f<span class=\"_ _7\"></span>rom insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ontracts<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9c y1ff3 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9d y1ff3 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa9e y1ff3 w309 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9f y1ff3 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa0 y1ff3 w309 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213b w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa1 y213b w41 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4<span class=\"_ _7\"></span>5.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa2 y213b w54a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa3 y213b w5a5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(14<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa4 y213b w5a6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">(2<span class=\"_ _7\"></span>3.0)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa5 y213b w34d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(2<span class=\"_ _7\"></span>09<span class=\"_ _7\"></span>.2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213c w5a7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>e in the con<span class=\"_ _7\"></span>solidated i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa6 y213c w5a8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3,31<span class=\"_ _9\"></span>3.<span class=\"_ _9\"></span>0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa7 y213c w2b1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa8 y213c w5a9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x228 y213c w5aa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">(18<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa9 y213c w5ab h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(<span class=\"_ _7\"></span>1,<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213d w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n xa51 y213d w41d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>2.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x944 y213d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaaa y213d w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xaab y213d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaac y213d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213e w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n xaad y213e w5ac h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(23<span class=\"_ _7\"></span>5.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaae y213e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaaf y213e w5ad h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">(<span class=\"_ _7\"></span>575<span class=\"_ _7\"></span>.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xab0 y213e w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xab1 y213e w5ae h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y213f ff5f fs7 fc2 sc0 ls89 wsfe\">Cash flows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1ff6 w586 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Premi<span class=\"_ _7\"></span>um rec<span class=\"_ _7\"></span>eived<span class=\"_ _304\"> </span></div></td><td class=\"c n xab2 y1ff6 w5af h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsf8 ws146\">4<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>475<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xab3 y1ff6 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xab4 y1ff6 w58a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsf8 ws146\">4,<span class=\"_ _7\"></span>475<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2140 w588 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cla<span class=\"_ _7\"></span>ims and othe<span class=\"_ _7\"></span>r insur<span class=\"_ _7\"></span>ance se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e expens<span class=\"_ _7\"></span>es pai<span class=\"_ _7\"></span>d<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5e y2140 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xab5 y2140 w5b0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(2,<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>79.2)<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n x99b y2140 w5b0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(2,<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>79.2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2141 w516 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance acqui<span class=\"_ _9\"></span>sition cash flo<span class=\"_ _9\"></span>ws<span class=\"_ _304\"> </span></div></td><td class=\"c n xab6 y2141 w5b1 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(7<span class=\"_ _9\"></span>67<span class=\"_ _e\"></span>.<span class=\"_ _9\"></span>7)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xab7 y2141 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xab8 y2141 w559 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(76<span class=\"_ _9\"></span>7<span class=\"_ _e\"></span>.<span class=\"_ _9\"></span>7)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y212a w55b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>ash flows<span class=\"_ _304\"> </span></div></td><td class=\"c n xa88 y212a w5b2 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">3<span class=\"_ _7\"></span>,70<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xab9 y212a w5b0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(2,<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>79.2)<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xaba y212a w5a9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2142 w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6b y2142 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6c y2142 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa6d y2142 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6e y2142 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"t m0 xabb he y2143 ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed8 w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xabc y1ed8 w5b3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xabd y1ed8 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xabe y1ed8 w5b4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">5,737<span class=\"_ _20\"></span>.<span class=\"_ _9\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xabf y1ed8 w5b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">6<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xac0 y1ed8 wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">6,6<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w564 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xac1 y1e80 w18 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xac2 y1e80 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xac3 y1e80 w5b4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">5,737<span class=\"_ _20\"></span>.<span class=\"_ _9\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xac4 y1e80 w5b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">6<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xac5 y1e80 wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">6,6<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr></table><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gsdf8\">20.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>(<span class=\"_ _9\"></span>c) Reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>t held as<span class=\"_ _7\"></span>sets \u2013 ana<span class=\"_ _7\"></span>lysis by re<span class=\"_ _7\"></span>maini<span class=\"_ _7\"></span>ng coverage a<span class=\"_ _7\"></span>nd incu<span class=\"_ _7\"></span>rred c<span class=\"_ _7\"></span>laims<span class=\"_ _304\"> </span></div><div class=\"gsc55\"><table class=\"s w5b6 hd1\" id=\"_e110a9d8-980e-4720-a25c-eb60c3cc329d\"><tr><td></td><td></td><td class=\"c n xac6 y2144 w5b7 h91\"><div class=\"t m0 x1b6 h43 y210e ff64 fs28 fc2 sc0 lsf0 ws13c\">Asset for remaining coverage<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xac7 y2144 w5b8 h91\"><div class=\"t m0 x1b6 h43 y210e ff64 fs28 fc2 sc0 lse4 ws15d\">As<span class=\"_ _7\"></span>set fo<span class=\"_ _7\"></span>r inc<span class=\"_ _7\"></span>urr<span class=\"_ _7\"></span>ed cl<span class=\"_ _7\"></span>aim<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 xa15 h43 y2145 ff64 fs28 fc2 sc0 lsf0 ws13c\">ARC excluding<span class=\"_ _9\"></span> </td><td class=\"t m0 x464 h43 y2145 ff64 fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>s<span class=\"_ _7\"></span>s </td><td class=\"t m0 x522 h43 y2145 ff64 fs28 fc2 sc0 ls10a ws15e\">Estimates<span class=\"_ _9\"></span> of </td><td class=\"t m0 x923 h43 y2145 ff64 fs28 fc2 sc0 ls7c wsdf\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 xac8 h43 y2146 ff64 fs28 fc2 sc0 lse4 ws15d\">los<span class=\"_ _7\"></span>s re<span class=\"_ _7\"></span>cove<span class=\"_ _7\"></span>ry<span class=\"_ _304\"> </span></td><td class=\"t m0 xac9 h43 y2146 ff64 fs28 fc2 sc0 ls143 ws1e4\">rec<span class=\"_ _7\"></span>over<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e5 h43 y2146 ff64 fs28 fc2 sc0 lsf0 ws13c\">present value of<span class=\"_ _9\"></span> </td><td class=\"t m0 x926 h43 y2146 ff64 fs28 fc2 sc0 lse6 ws138\">for non-financial<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 xaca h43 y2147 ff64 fs28 fc2 sc0 lse6 ws12d\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x925 h43 y2147 ff64 fs28 fc2 sc0 lse6 ws12d\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x928 h43 y2147 ff64 fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>lows<span class=\"_ _304\"> </span></td><td class=\"t m0 x51d h43 y2147 ff64 fs28 fc2 sc0 ls7c ws98\">risk<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y2148 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 h25 y2149 ff64 fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x6b5 h43 y2149 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e3 h43 y2149 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x929 h43 y2149 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e8 h43 y2149 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y214a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y214b w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x92a y214b w5b9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>86.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xacb y214b w2e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xacc y214b w397 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xacd y214b w2ae h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">4<span class=\"_ _7\"></span>21.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xace y214b w44e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y214c w4ea h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xa17 y214c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa18 y214c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa19 y214c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1a y214c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x81a y214c w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y214d w4ec h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xacf y214d w5ba h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>86.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xad0 y214d w3cb h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xad1 y214d w397 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x99a y214d w21c h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">4<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xad2 y214d w44e h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y214e ff64 fs7 fc2 sc0 ls7c ws89\">Changes in the consolidated income statement<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y214f w294 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums<span class=\"_ _304\"> </span></div></td><td class=\"c n xad3 y214f w5bb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,11<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xad4 y214f w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xad5 y214f w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa60 y214f w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xad6 y214f w2d0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,11<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y2150 ff64 fs7 fc2 sc0 ls39 ws43\">Amounts recov<span class=\"_ _9\"></span>erable from reinsurers<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2151 w5bc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s of incur<span class=\"_ _7\"></span>red cla<span class=\"_ _7\"></span>ims and othe<span class=\"_ _7\"></span>r attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble expe<span class=\"_ _7\"></span>nses<span class=\"_ _304\"> </span></div></td><td class=\"c n xad7 y2151 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xad8 y2151 w2d3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xad9 y2151 w3c0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">406.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xada y2151 wa4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4<span class=\"_ _7\"></span>0.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xadb y2151 w1e9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">446<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2152 ff5f fs7 fc2 sc0 ls38 ws41\">Adjus<span class=\"_ _7\"></span>tments to assets for i<span class=\"_ _7\"></span>ncur<span class=\"_ _7\"></span>red clai<span class=\"_ _7\"></span>ms relatin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></td><td class=\"c n xa31 y2153 wc1 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa32 y2153 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa33 y2153 w5bd h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsc7 wse8\">(19<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xadc y2153 w164 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls74 ws82\">6<span class=\"_ _7\"></span>0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xadd y2153 wf2 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lseb ws136\">(13<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _9\"></span>1)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2154 ff5f fs7 fc2 sc0 ls38 ws41\">to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2155 w4fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s in non-pe<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk of reins<span class=\"_ _7\"></span>urers<span class=\"_ _304\"> </span></div></td><td class=\"c n xade y2155 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9d y2155 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xadf y2155 w2e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ca y2155 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xae0 y2155 w2fd h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2156 w5be h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al amou<span class=\"_ _7\"></span>nts recover<span class=\"_ _7\"></span>able fro<span class=\"_ _7\"></span>m reinsu<span class=\"_ _7\"></span>rers<span class=\"_ _304\"> </span></div></td><td class=\"c n xae1 y2156 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xae2 y2156 w102 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">(0<span class=\"_ _7\"></span>.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xae3 y2156 w5bf h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n xae4 y2156 w5c0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xae5 y2156 w1b h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2157 w29c h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">Net expense fr<span class=\"_ _9\"></span>om reinsurance contracts held<span class=\"_ _304\"> </span></div></td><td class=\"c n xae6 y2157 w2d0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,11<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xae7 y2157 w2d3 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">(0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xae8 y2157 w63 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n xae9 y2157 w5c0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xaea y2157 w1dd h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2158 w5c1 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">Net finance income<span class=\"_ _9\"></span> from reinsurance contracts<span class=\"_ _304\"> </span></div></td><td class=\"c n xaeb y2158 we8 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xaec y2158 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xaed y2158 w28 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">7<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xaee y2158 w6f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xaef y2158 w2a9 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2159 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf0 y2159 w2e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf1 y2159 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf2 y2159 w2a9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf3 y2159 w2f2 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(<span class=\"_ _7\"></span>0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf4 y2159 we1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls78 ws122\">25.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdb w5c2 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al chang<span class=\"_ _7\"></span>es in the c<span class=\"_ _7\"></span>onsolid<span class=\"_ _7\"></span>ated inco<span class=\"_ _7\"></span>me statem<span class=\"_ _7\"></span>ent<span class=\"_ _304\"> </span></div></td><td class=\"c n x795 y1fdb w5c3 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf5 y1fdb w102 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">(<span class=\"_ _7\"></span>0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf6 y1fdb w5c4 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls12a ws1ee\">3<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf7 y1fdb w166 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf8 y1fdb w5c5 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdc w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf9 y1fdc w2e5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(3<span class=\"_ _7\"></span>2.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xafa y1fdc w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xafb y1fdc w17b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">32.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x946 y1fdc w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xafc y1fdc w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y215a w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n xafd y215a w5c6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xafe y215a w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xaff y215a w14c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">(<span class=\"_ _7\"></span>10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb00 y215a w102 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(<span class=\"_ _7\"></span>0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb01 y215a w5c7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">(<span class=\"_ _7\"></span>10<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y215b ff64 fs7 fc2 sc0 ls87 ws9e\">Ca<span class=\"_ _7\"></span>sh fl<span class=\"_ _7\"></span>ows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y215c w5c8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Premi<span class=\"_ _7\"></span>um paid<span class=\"_ _304\"> </span></div></td><td class=\"c n xb02 y215c w5c9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">1<span class=\"_ _9\"></span>,<span class=\"_ _7\"></span>206<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9d y215c w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb03 y215c w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb04 y215c w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb05 y215c w5c9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">1<span class=\"_ _9\"></span>,<span class=\"_ _7\"></span>206<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2129 w5ca h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amounts received<span class=\"_ _304\"> </span></div></td><td class=\"c n xb06 y2129 wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb07 y2129 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb08 y2129 w5cb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _7\"></span>919<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb09 y2129 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x344 y2129 w171 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _7\"></span>919<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y215d w519 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0a y215d w5cc h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">1<span class=\"_ _9\"></span>,20<span class=\"_ _7\"></span>6.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x97a y215d w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0b y215d w5cd h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _7\"></span>919<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0c y215d w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0d y215d w45d h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3a ws130\">28<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y215e w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x98d y215e w5ce h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>8.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0e y215e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0f y215e w17 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb10 y215e w3fb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsd4 wsfa\">520.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb11 y215e w95 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2,0<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fcd w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xb12 y1fcd wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb13 y1fcd w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb14 y1fcd w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb15 y1fcd w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb16 y1fcd w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w524 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xb17 y1e80 w5ce h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>8.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb18 y1e80 w6f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb19 y1e80 w17 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb1a y1e80 w5cf h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsd4 wsfa\">520.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb1b y1e80 wf7 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2,0<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"gsc6d\"><table class=\"s w5d0 hd2\" id=\"_18c4c0cd-b71e-4d05-971f-6700fd65004f\"><tr><td></td><td></td><td class=\"c n xb1c y215f w5d1 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 lse4 ws15d\">As<span class=\"_ _7\"></span>set fo<span class=\"_ _7\"></span>r rem<span class=\"_ _7\"></span>ain<span class=\"_ _7\"></span>ing c<span class=\"_ _7\"></span>overa<span class=\"_ _7\"></span>ge<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xb1d y215f w5d2 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Asset for incurr<span class=\"_ _9\"></span>ed claims<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x41d h44 y2160 ff5f fs28 fc2 sc0 lsed ws139\">ARC ex<span class=\"_ _9\"></span>cluding </td><td class=\"t m0 x490 h44 y2160 ff5f fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>ss </td><td class=\"t m0 x99e h44 y2160 ff5f fs28 fc2 sc0 lse6 ws138\">Estimates o<span class=\"_ _9\"></span>f </td><td class=\"t m0 x99f h44 y2160 ff5f fs28 fc2 sc0 lse6 ws138\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 xb1e h44 y2161 ff5f fs28 fc2 sc0 lsa0 ws1e0\">loss r<span class=\"_ _9\"></span>ecovery<span class=\"_ _304\"> </span></td><td class=\"t m0 xb1f h44 y2161 ff5f fs28 fc2 sc0 ls174 ws23e\">recove<span class=\"_ _7\"></span>ry<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a1 h44 y2161 ff5f fs28 fc2 sc0 lse4 ws15d\">pre<span class=\"_ _7\"></span>se<span class=\"_ _7\"></span>nt val<span class=\"_ _7\"></span>ue of </td><td class=\"t m0 x99f h44 y2161 ff5f fs28 fc2 sc0 ls10a ws15e\">for non-<span class=\"_ _9\"></span>financial </td><td></td></tr><tr><td></td><td class=\"t m0 xb20 h44 y2162 ff5f fs28 fc2 sc0 ls10a ws15c\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x25d h44 y2162 ff5f fs28 fc2 sc0 ls10a ws15c\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x5a0 h44 y2162 ff5f fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>low<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a3 h44 y2162 ff5f fs28 fc2 sc0 lse6 ws12d\">risk<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y2163 ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y2164 ff5f fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dece<span class=\"_ _7\"></span>mber 2022<span class=\"_ _304\"> </span></td><td class=\"t m0 xa7a h44 y2164 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a5 h44 y2164 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a6 h44 y2164 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a7 h44 y2164 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y2165 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1fe9 w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x9a8 y1fe9 w5d3 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb21 y1fe9 w3e7 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb22 y1fe9 w5d4 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>616<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb23 y1fe9 w385 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">5<span class=\"_ _7\"></span>03<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb24 y1fe9 w2dc h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">2,856.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fea w4ea h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xa17 y1fea w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa18 y1fea w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa19 y1fea w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1a y1fea w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x81a y1fea w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1feb w531 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xb25 y1feb w5d5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb26 y1feb w7d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb27 y1feb w5d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">2,<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb28 y1feb w385 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">5<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>3.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb29 y1feb w2dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">2,856.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2166 ff5f fs7 fc2 sc0 ls38 ws41\">Cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n the cons<span class=\"_ _7\"></span>olidated in<span class=\"_ _7\"></span>come st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2167 w294 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2a y2167 w5d7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2b y2167 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2c y2167 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f6 y2167 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2d y2167 w5d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(<span class=\"_ _7\"></span>1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2168 ff5f fs7 fc2 sc0 ls3b ws44\">Amounts r<span class=\"_ _9\"></span>ecoverable fr<span class=\"_ _9\"></span>om reinsurers<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1bb he y2169 ff5f fs7 fc2 sc0 ls38 ws41\">Rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s of incur<span class=\"_ _7\"></span>red cla<span class=\"_ _7\"></span>ims and othe<span class=\"_ _7\"></span>r insur<span class=\"_ _7\"></span>ance <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y216a w5d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">ser<span class=\"_ _7\"></span>vice expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2e y216a wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2f y216a w5da h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4.<span class=\"_ _7\"></span>9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb30 y216a w29b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">9<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb31 y216a w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">42.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x78f y216a w5db h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">9<span class=\"_ _7\"></span>59.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y216b ff5f fs7 fc2 sc0 ls38 ws41\">Adjus<span class=\"_ _7\"></span>tments to assets for i<span class=\"_ _7\"></span>ncur<span class=\"_ _7\"></span>red clai<span class=\"_ _7\"></span>ms relatin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2138 w596 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice<span class=\"_ _304\"> </span></div></td><td class=\"c n xa89 y2138 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa8a y2138 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb32 y2138 w5dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb33 y2138 w5dd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb34 y2138 w5de h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y216c ff5f fs7 fc2 sc0 ls38 ws41\">Rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s and rever<span class=\"_ _7\"></span>sals of rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y216d w5df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">on onerous con<span class=\"_ _9\"></span>tracts<span class=\"_ _304\"> </span></div></td><td class=\"c n xb35 y216d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb36 y216d wd4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb37 y216d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb38 y216d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb39 y216d wd4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y216e w4fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s in non-pe<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk of reins<span class=\"_ _7\"></span>urers<span class=\"_ _304\"> </span></div></td><td class=\"c n xade y216e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9d y216e w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xadf y216e w59b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3a y216e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3b y216e w5e0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y216f w5e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">T<span class=\"_ _a\"></span>otal amoun<span class=\"_ _9\"></span>ts reco<span class=\"_ _9\"></span>verable from r<span class=\"_ _9\"></span>einsurers<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3c y216f wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3d y216f w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3e y216f w5e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">916<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3f y216f w5e3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">(<span class=\"_ _2c\"></span>74<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb40 y216f w247 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">838.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2170 w31a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net exp<span class=\"_ _7\"></span>ense f<span class=\"_ _7\"></span>rom reinsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e contracts h<span class=\"_ _7\"></span>eld<span class=\"_ _304\"> </span></div></td><td class=\"c n xb41 y2170 w5d7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb42 y2170 w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb43 y2170 w5e4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">916<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb44 y2170 w3a2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">(<span class=\"_ _2c\"></span>74<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb45 y2170 w1f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(42<span class=\"_ _9\"></span>6.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2171 w5e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance exp<span class=\"_ _7\"></span>ense f<span class=\"_ _7\"></span>rom reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n xb46 y2171 w5e6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(3<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa43 y2171 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb47 y2171 w314 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">(6<span class=\"_ _7\"></span>3.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb48 y2171 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb49 y2171 w29 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _7\"></span>1<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2172 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4a y2172 wbb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4b y2172 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4c y2172 wcd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(66.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4d y2172 w5e7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">(8<span class=\"_ _7\"></span>.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4e y2172 w5e8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>5<span class=\"_ _c\"> </span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2173 w5e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>es in the c<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dated inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n x75c y2173 w5ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(<span class=\"_ _7\"></span>1,<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4f y2173 w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb50 y2173 w121 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">78<span class=\"_ _7\"></span>5.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xb51 y2173 w5eb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb52 y2173 w5ec h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2174 w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n x96f y2174 w5ed h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>22.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x944 y2174 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb53 y2174 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb54 y2174 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb55 y2174 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2175 ff5f fs7 fc2 sc0 ls89 wsfe\">Cash flows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2140 w5c8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Premi<span class=\"_ _7\"></span>um paid<span class=\"_ _304\"> </span></div></td><td class=\"c n xb56 y2140 w1f0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xa26 y2140 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa27 y2140 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa28 y2140 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb57 y2140 w19c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2141 w5ca h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amounts received<span class=\"_ _304\"> </span></div></td><td class=\"c n xb06 y2141 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb07 y2141 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb58 y2141 w5ee h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x97c y2141 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb59 y2141 w5ef h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y212a w55b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>ash flows<span class=\"_ _304\"> </span></div></td><td class=\"c n xa88 y212a w5f0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5a y212a w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5b y212a wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>1.<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5c y212a w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5d y212a w3d1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">24<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2176 w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x98d y2176 w5f1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>8<span class=\"_ _7\"></span>6.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5e y1f86 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5f y1f86 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb60 y1f86 w2e4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">4<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb61 y1f86 w249 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xb12 y1ed8 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb13 y1ed8 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb14 y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb15 y1ed8 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb16 y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w564 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xb62 y1e80 w30c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>86.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb63 y1e80 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xb64 y1e80 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,2<span class=\"_ _7\"></span>82.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb65 y1e80 wb1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">4<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb66 y1e80 w5f2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls39 ws43 gsdfb\">20<span class=\"_ _9\"></span>.2 Claims dev<span class=\"_ _9\"></span>elopment tables<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdfc\">The d<span class=\"_ _7\"></span>evelopm<span class=\"_ _7\"></span>ent of insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e liabil<span class=\"_ _7\"></span>ities p<span class=\"_ _7\"></span>rovides a m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>re of the Group\u2019<span class=\"_ _a\"></span>s a<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y to estimate the ul<span class=\"_ _7\"></span>timate cost of cla<span class=\"_ _7\"></span>ims. Th<span class=\"_ _7\"></span>e<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdfd\">Grou<span class=\"_ _7\"></span>p anal<span class=\"_ _7\"></span>yses ac<span class=\"_ _7\"></span>tual cla<span class=\"_ _7\"></span>ims devel<span class=\"_ _7\"></span>opme<span class=\"_ _7\"></span>nt compa<span class=\"_ _7\"></span>red with p<span class=\"_ _7\"></span>revious e<span class=\"_ _7\"></span>stimates on a<span class=\"_ _7\"></span>n acci<span class=\"_ _7\"></span>dent yea<span class=\"_ _7\"></span>r basis.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gsdfe\">(<span class=\"_ _9\"></span>a) Insurance l<span class=\"_ _9\"></span>iability for incurred claims<span class=\"_ _9\"></span> \u2013 net o<span class=\"_ _9\"></span>f reinsurance<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls3c ws45 gsdff\">Accident year<span class=\"_ _304\"> </span></div><div class=\"gsc7b\"><table class=\"s w5f3 hd3\" id=\"_8682737c-9bd8-4ba5-9b19-649c65608c59\"><tr><td></td><td class=\"t m0 xb67 h44 y2177 ff5f fs28 fc2 sc0 ls14c ws1f5\">20<span class=\"_ _7\"></span>19<span class=\"_ _304\"> </span></td><td class=\"t m0 xb68 h44 y2177 ff5f fs28 fc2 sc0 lsa1 wsba\">2020<span class=\"_ _304\"> </span></td><td class=\"t m0 x8de h44 y2177 ff5f fs28 fc2 sc0 lse5 ws12b\">20<span class=\"_ _7\"></span>21<span class=\"_ _304\"> </span></td><td class=\"t m0 xb69 h44 y2177 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td><td class=\"t m0 x524 h43 y2177 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y2177 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x5e6 h44 y2178 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6a h44 y2178 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6b h44 y2178 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6c h44 y2178 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6d h43 y2178 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6e h43 y2178 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 he y2179 ff5f fs7 fc2 sc0 ls38 ws41\">Estimate of ultim<span class=\"_ _7\"></span>ate claims c<span class=\"_ _7\"></span>osts as adju<span class=\"_ _7\"></span>sted for foreig<span class=\"_ _7\"></span>n exchange* <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y217a w5f4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">at end of ac<span class=\"_ _7\"></span>cide<span class=\"_ _7\"></span>nt year:<span class=\"_ _304\"> </span></div></td><td class=\"c n xb6f y217a w5f5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls94 wsa9\">1<span class=\"_ _a\"></span>,555.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xb70 y217a w1dd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb71 y217a w5f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _c\"> </span>8<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xb72 y217a w1f9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>51<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb73 y217a w5f7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xb74 y217a w5f8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8,058.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217b w5f9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">one p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d later<span class=\"_ _304\"> </span></div></td><td class=\"c n xb75 y217b w5f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>4<span class=\"_ _c\"> </span>8<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xb76 y217b w5fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"> </span>8<span class=\"_ _c\"> </span>9<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb77 y217b w1f7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xb78 y217b w44e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xb79 y217b w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7a y217b w5fb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">6,3<span class=\"_ _7\"></span>88.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217c w5fc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">two p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>ds later<span class=\"_ _304\"> </span></div></td><td class=\"c n xb6f y217c w1d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">1<span class=\"_ _9\"></span>,40<span class=\"_ _7\"></span>9.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7b y217c w5fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,7<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7c y217c w5fe h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>2<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7d y217c w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7e y217c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7f y217c w21f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217d w5ff h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">three periods lat<span class=\"_ _9\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xb80 y217d w600 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb81 y217d w556 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb82 y217d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb83 y217d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb84 y217d w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb85 y217d w233 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _2c\"></span>,1<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217e w601 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">four periods lat<span class=\"_ _9\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xb86 y217e w1f0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb87 y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb88 y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb89 y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8a y217e w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8b y217e w602 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217f w603 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cur<span class=\"_ _7\"></span>rent estim<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f cu<span class=\"_ _7\"></span>mulative cl<span class=\"_ _7\"></span>aims<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8c y217f w556 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8d y217f w80 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8e y217f w604 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _2c\"> </span>2<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8f y217f w605 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>2<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xb90 y217f w1d4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n xb91 y217f w606 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsab wsc8\">7,<span class=\"_ _8\"></span>5<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>8<span class=\"_ _c\"> </span>.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2180 w607 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cumu<span class=\"_ _7\"></span>lative payme<span class=\"_ _7\"></span>nts to dat<span class=\"_ _9\"></span>e<span class=\"_ _304\"> </span></div></td><td class=\"c n xb92 y2180 w303 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">(9<span class=\"_ _7\"></span>88.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb93 y2180 w99 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb94 y2180 w608 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>8<span class=\"_ _c\"> </span>5<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb95 y2180 w346 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws11c\">(69<span class=\"_ _7\"></span>3.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb96 y2180 w609 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6e ws120\">(303<span class=\"_ _7\"></span>.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb97 y2180 w60a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(3,<span class=\"_ _7\"></span>962.6)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2181 ff5f fs7 fc2 sc0 ls3b ws44\">Net cumula<span class=\"_ _9\"></span>tive liability f<span class=\"_ _9\"></span>or incurred claims \u2013<span class=\"_ _9\"></span> accident years<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20be w60b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws9e\">fr<span class=\"_ _7\"></span>om 201<span class=\"_ _9\"></span>9-2023<span class=\"_ _304\"> </span></div></td><td class=\"c n xb98 y20be w15e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb99 y20be wb1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">5<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa99 y20be w60c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls100 ws14f\">570.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9a y20be w60d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws9b\">829.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9b y20be w60e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9c y20be w13 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsac wsc9\">3,<span class=\"_ _7\"></span>575<span class=\"_ _7\"></span>.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2182 ff5f fs7 fc2 sc0 ls6d ws44\">Net cumula<span class=\"_ _9\"></span>tive liabil<span class=\"_ _9\"></span>it<span class=\"_ _7\"></span>y f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> in respect of<span class=\"_ _9\"></span> accident <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2183 w60f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws41\">year<span class=\"_ _7\"></span>s before 20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9d y2183 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9e y2183 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9f y2183 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba0 y2183 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba1 y2183 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba2 y2183 w610 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsac wsc9\">7<span class=\"_ _7\"></span>75<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f8d w611 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Effect of discount<span class=\"_ _9\"></span>ing<span class=\"_ _304\"> </span></div></td><td class=\"c n xba3 y1f8d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba4 y1f8d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba5 y1f8d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba6 y1f8d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba7 y1f8d w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba8 y1f8d w612 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _8\"></span>319<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w613 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al Group l<span class=\"_ _7\"></span>iabilit<span class=\"_ _7\"></span>y for inc<span class=\"_ _7\"></span>urre<span class=\"_ _7\"></span>d claims to ex<span class=\"_ _7\"></span>ternal p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ties in<span class=\"_ _7\"></span>cluded i<span class=\"_ _7\"></span>n balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et \u2013 net<span class=\"_ _304\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n xba9 y1e80 w152 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls75 ws11a\">4,03<span class=\"_ _7\"></span>2.5<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 h5 ff5f fs2 fc2 sc0 lsc wsc gse00\">*T<span class=\"_ _7\"></span>he fore<span class=\"_ _7\"></span>ign e<span class=\"_ _7\"></span>xcha<span class=\"_ _7\"></span>nge ad<span class=\"_ _7\"></span>jus<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt ar<span class=\"_ _7\"></span>ise<span class=\"_ _7\"></span>s from t<span class=\"_ _7\"></span>he retr<span class=\"_ _7\"></span>ans<span class=\"_ _7\"></span>lati<span class=\"_ _7\"></span>on of the e<span class=\"_ _7\"></span>sti<span class=\"_ _7\"></span>mates a<span class=\"_ _7\"></span>t eac<span class=\"_ _7\"></span>h date us<span class=\"_ _7\"></span>ing th<span class=\"_ _7\"></span>e excha<span class=\"_ _7\"></span>nge r<span class=\"_ _7\"></span>ate ru<span class=\"_ _7\"></span>ling a<span class=\"_ _7\"></span>t 3<span class=\"_ _9\"></span>1<span class=\"_ gs9d8\"> </span><span class=\"_ _9\"></span>Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er<span class=\"_ gs9d8\"> </span><span class=\"_ _9\"></span>2023.<span class=\"_ _304\"> </span> </div><div class=\"t m0 h5 ff5f fs2 fc2 sc0 lsc wsc gse01\">Th<span class=\"_ _7\"></span>e tab<span class=\"_ _7\"></span>le ab<span class=\"_ _7\"></span>ove exclu<span class=\"_ _7\"></span>de<span class=\"_ _7\"></span>s rein<span class=\"_ _7\"></span>sur<span class=\"_ _7\"></span>anc<span class=\"_ _7\"></span>e rec<span class=\"_ _7\"></span>over<span class=\"_ _7\"></span>ies re<span class=\"_ _7\"></span>late<span class=\"_ _7\"></span>d to the retr<span class=\"_ _7\"></span>oact<span class=\"_ _7\"></span>ive re<span class=\"_ _7\"></span>insu<span class=\"_ _7\"></span>ran<span class=\"_ _7\"></span>ce co<span class=\"_ _7\"></span>ntra<span class=\"_ _7\"></span>cts, fo<span class=\"_ _7\"></span>r exam<span class=\"_ _7\"></span>ple l<span class=\"_ _7\"></span>ega<span class=\"_ _7\"></span>cy po<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>fol<span class=\"_ _7\"></span>io tra<span class=\"_ _7\"></span>nsf<span class=\"_ _7\"></span>er ar<span class=\"_ _7\"></span>ran<span class=\"_ _7\"></span>gem<span class=\"_ _7\"></span>ent<span class=\"_ _7\"></span>s whe<span class=\"_ _7\"></span>re the<span class=\"_ _304\"> </span> </div><div class=\"t m0 h5 ff5f fs2 fc2 sc0 lsc wsc gse02\">fina<span class=\"_ _7\"></span>nc<span class=\"_ _7\"></span>ial ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct of th<span class=\"_ _7\"></span>e und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>lyi<span class=\"_ _7\"></span>ng cl<span class=\"_ _7\"></span>aim<span class=\"_ _7\"></span>s is sti<span class=\"_ _7\"></span>ll unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>in. T<span class=\"_ _7\"></span>hes<span class=\"_ _7\"></span>e are in<span class=\"_ _7\"></span>clu<span class=\"_ _7\"></span>ded i<span class=\"_ _7\"></span>n the re<span class=\"_ _7\"></span>ins<span class=\"_ _7\"></span>ura<span class=\"_ _7\"></span>nce c<span class=\"_ _7\"></span>ontr<span class=\"_ _7\"></span>act as<span class=\"_ _7\"></span>set f<span class=\"_ _7\"></span>or rem<span class=\"_ _7\"></span>ain<span class=\"_ _7\"></span>ing c<span class=\"_ _7\"></span>overa<span class=\"_ _7\"></span>ge.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gse03\">(b<span class=\"_ _9\"></span>) Insurance liability f<span class=\"_ _9\"></span>or incurred claims \u2013<span class=\"_ _9\"></span> gross<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls3c ws45 gse04\">Accident year<span class=\"_ _304\"> </span></div><div class=\"gse05\"><table class=\"s w614 hd4\" id=\"_4e8c24b5-15f8-4227-a1c4-2fc72ff9358b\"><tr><td></td><td class=\"t m0 xb67 h44 y2184 ff5f fs28 fc2 sc0 ls14c ws1f5\">20<span class=\"_ _7\"></span>19<span class=\"_ _304\"> </span></td><td class=\"t m0 xb68 h44 y2184 ff5f fs28 fc2 sc0 lsa1 wsba\">2020<span class=\"_ _304\"> </span></td><td class=\"t m0 x8de h44 y2184 ff5f fs28 fc2 sc0 lse5 ws12b\">20<span class=\"_ _7\"></span>21<span class=\"_ _304\"> </span></td><td class=\"t m0 xb69 h44 y2184 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td><td class=\"t m0 x524 h43 y2184 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y2184 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x5e6 h44 y2185 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6a h44 y2185 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6b h44 y2185 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6c h44 y2185 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6d h43 y2185 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6e h43 y2185 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 he y2186 ff5f fs7 fc2 sc0 ls38 ws41\">Estimate of ultim<span class=\"_ _7\"></span>ate claims c<span class=\"_ _7\"></span>osts as adju<span class=\"_ _7\"></span>sted for foreig<span class=\"_ _7\"></span>n exchange* <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y217a w5f4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">at end of ac<span class=\"_ _7\"></span>cide<span class=\"_ _7\"></span>nt year:<span class=\"_ _304\"> </span></div></td><td class=\"c n xbaa y217a w615 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>8<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbab y217a w616 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">3,<span class=\"_ _7\"></span>26<span class=\"_ _7\"></span>9.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbac y217a w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>55<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xbad y217a w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>2.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbae y217a w17 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbaf y217a w617 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>,15<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2187 w5f9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">one p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d later<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb0 y2187 w618 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls94 wsa9\">2,555<span class=\"_ _9\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbab y2187 w619 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6d wsc4\">3,2<span class=\"_ _9\"></span>35.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb1 y2187 w61a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">2,43<span class=\"_ _7\"></span>9.<span class=\"_ _a\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb2 y2187 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>52<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb3 y2187 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb4 y2187 w61b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2188 w5fc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">two p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>ds later<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb5 y2188 w61c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>39<span class=\"_ _8\"></span>0.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb6 y2188 w61d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">3,0<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>8.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb7 y2188 w575 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>275.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb8 y2188 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb3 y2188 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb9 y2188 wc5 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsab wsc8\">7,<span class=\"_ _7\"></span>7<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>4<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217d w5ff h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">three periods lat<span class=\"_ _9\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xbba y217d w511 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbb y217d w2dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">2,986.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbc y217d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbd y217d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbe y217d w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbf y217d w13e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">5<span class=\"_ _9\"></span>,352<span class=\"_ _9\"></span>.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217e w601 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">four periods lat<span class=\"_ _9\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc0 y217e w61e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc1 y217e w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x4bb y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc2 y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc3 y217e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc4 y217e w61f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>313<span class=\"_ _8\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2189 w603 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cur<span class=\"_ _7\"></span>rent estim<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f cu<span class=\"_ _7\"></span>mulative cl<span class=\"_ _7\"></span>aims<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc5 y2189 w620 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">2,<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc6 y2189 w77 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">2<span class=\"_ _9\"></span>,98<span class=\"_ _7\"></span>6.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc7 y2189 w575 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">2,<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>75.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc8 y2189 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>52<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc9 y2189 w17 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbca y2189 w621 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">12<span class=\"_ _9\"></span>,0<span class=\"_ _7\"></span>94.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y218a w607 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cumu<span class=\"_ _7\"></span>lative payme<span class=\"_ _7\"></span>nts to dat<span class=\"_ _9\"></span>e<span class=\"_ _304\"> </span></div></td><td class=\"c n xbcb y218a w34e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(<span class=\"_ _7\"></span>1,<span class=\"_ _7\"></span>8<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbcc y218a w622 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>013<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbcd y218a w623 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbce y218a w624 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7b ws87\">(923.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbcf y218a w288 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(<span class=\"_ _7\"></span>34<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd0 y218a w4f1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">(6,398.3<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y218b ff5f fs7 fc2 sc0 ls3b ws44\">Gross cumula<span class=\"_ _9\"></span>tive liability f<span class=\"_ _9\"></span>or incurred claims \u2013<span class=\"_ _9\"></span> accident years<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20be w60b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws9e\">fr<span class=\"_ _7\"></span>om 201<span class=\"_ _9\"></span>9-2023<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd1 y20be w625 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls168 ws224\">513<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd2 y20be w12e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">9<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd3 y20be w2e4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">9<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd4 y20be w626 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls83 ws11d\">1<span class=\"_ _9\"></span>,598.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd5 y20be w17 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd6 y20be w12 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">5,6<span class=\"_ _7\"></span>96.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y218c ff5f fs7 fc2 sc0 ls6d ws44\">Gross cumula<span class=\"_ _9\"></span>tive liability f<span class=\"_ _9\"></span>or incurred claims i<span class=\"_ _9\"></span>n respect of a<span class=\"_ _9\"></span>ccident <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y218d w60f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws41\">year<span class=\"_ _7\"></span>s before 20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9d y218d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9e y218d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9f y218d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba0 y218d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba1 y218d w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd7 y218d w3c0 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">998.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f8d w611 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Effect of discount<span class=\"_ _9\"></span>ing<span class=\"_ _304\"> </span></div></td><td class=\"c n xba3 y1f8d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba4 y1f8d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba5 y1f8d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba6 y1f8d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba7 y1f8d w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd8 y1f8d w1c4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>5.<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w627 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al Group l<span class=\"_ _7\"></span>iabilit<span class=\"_ _7\"></span>y for inc<span class=\"_ _7\"></span>urre<span class=\"_ _7\"></span>d claims to ex<span class=\"_ _7\"></span>ternal p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ties in<span class=\"_ _7\"></span>cluded i<span class=\"_ _7\"></span>n balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et \u2013 gros<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n xbd9 y1e80 w1d1 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls15d ws211\">6<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>24<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 h5 ff5f fs2 fc2 sc0 lsc wsc gse06\">*T<span class=\"_ _7\"></span>he fore<span class=\"_ _7\"></span>ign e<span class=\"_ _7\"></span>xcha<span class=\"_ _7\"></span>nge ad<span class=\"_ _7\"></span>jus<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt ar<span class=\"_ _7\"></span>ise<span class=\"_ _7\"></span>s from t<span class=\"_ _7\"></span>he retr<span class=\"_ _7\"></span>ans<span class=\"_ _7\"></span>lati<span class=\"_ _7\"></span>on of the e<span class=\"_ _7\"></span>sti<span class=\"_ _7\"></span>mates a<span class=\"_ _7\"></span>t eac<span class=\"_ _7\"></span>h date us<span class=\"_ _7\"></span>ing th<span class=\"_ _7\"></span>e excha<span class=\"_ _7\"></span>nge r<span class=\"_ _7\"></span>ate ru<span class=\"_ _7\"></span>ling a<span class=\"_ _7\"></span>t 3<span class=\"_ _9\"></span>1<span class=\"_ gs9d8\"> </span><span class=\"_ _9\"></span>Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er<span class=\"_ gs9d8\"> </span><span class=\"_ _9\"></span>2023.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInsuranceContractsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-491": {
   "value": "20 Insurance liabilities<span class=\"_ _9\"></span> and reinsurance contract <table class=\"s w4db ha3\" id=\"_77f4e83b-f0d9-4ddb-a295-ad39258ab9ba\"><tr><td></td><td class=\"t m0 x1fb h43 y2039 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2039 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y20b3 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y20b3 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w1bd h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance cont<span class=\"_ _9\"></span>ract liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n x91a y1f86 wa5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,60<span class=\"_ _7\"></span>4.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x91b y1f86 w4dc h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">6,6<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w220 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Reinsurance cont<span class=\"_ _9\"></span>ract held asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x91c y1e8e w4dd h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(2,<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>98<span class=\"_ _7\"></span>.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x91d y1e8e w4de h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"> </span>2<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w4df h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Net insurance<span class=\"_ _9\"></span> contract l<span class=\"_ _9\"></span>iabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x91e y1e80 w4e0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">4<span class=\"_ _7\"></span>,5<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>5.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x91f y1e80 w4e1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _2c\"></span>,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td></tr></table>Deta<span class=\"_ _7\"></span>iled re<span class=\"_ _7\"></span>conci<span class=\"_ _7\"></span>liations of c<span class=\"_ _7\"></span>hange<span class=\"_ _7\"></span>s in insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e contract b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ces du<span class=\"_ _7\"></span>ring the ye<span class=\"_ _7\"></span>ar are in<span class=\"_ _7\"></span>clude<span class=\"_ _7\"></span>d below in n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>e 20.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The a<span class=\"_ _7\"></span>nal<span class=\"_ _7\"></span>ysis of cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>s disclo<span class=\"_ _7\"></span>sed at a co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated level in lin<span class=\"_ _7\"></span>e with how the G<span class=\"_ _7\"></span>roup ma<span class=\"_ _7\"></span>nages a<span class=\"_ _7\"></span>nd mon<span class=\"_ _7\"></span>itors the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet. Fur<span class=\"_ _7\"></span>ther de<span class=\"_ _7\"></span>tails rel<span class=\"_ _7\"></span>ated t<span class=\"_ _9\"></span>o ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s in the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated incom<span class=\"_ _7\"></span>e statement by se<span class=\"_ _7\"></span>gme<span class=\"_ _7\"></span>ntal repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting are di<span class=\"_ _7\"></span>sclose<span class=\"_ _7\"></span>d in note 4<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>20<span class=\"_ _9\"></span>.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>(<span class=\"_ _9\"></span>a) Net<span class=\"_ _9\"></span> insurance cont<span class=\"_ _9\"></span>ract liabilities<span class=\"_ _304\"> </span>Net ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts \u2013 anal<span class=\"_ _7\"></span>ysis by rema<span class=\"_ _7\"></span>ining c<span class=\"_ _7\"></span>overage an<span class=\"_ _7\"></span>d incur<span class=\"_ _7\"></span>red cla<span class=\"_ _7\"></span>ims<span class=\"_ _304\"> </span><table class=\"s w4e2 hcd\" id=\"_6d3ec1c0-bac4-4b22-b4de-e611925ceedb\"><tr><td></td><td></td><td class=\"c n x920 y20cb w4e3 h9a\"><div class=\"t m0 x1b6 h43 y20ca ff64 fs28 fc2 sc0 lse4 ws15d\">Ne<span class=\"_ _7\"></span>t liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>ies f<span class=\"_ _7\"></span>or re<span class=\"_ _7\"></span>mai<span class=\"_ _7\"></span>ning c<span class=\"_ _7\"></span>over<span class=\"_ _7\"></span>age<span class=\"_ _304\"> </span></div></td><td class=\"c n x921 y20cb w4e4 h9a\"><div class=\"t m0 x1b6 h43 y20ca ff64 fs28 fc2 sc0 lse4 ws15d\">N<span class=\"_ _7\"></span>et lia<span class=\"_ _7\"></span>bil<span class=\"_ _7\"></span>itie<span class=\"_ _7\"></span>s for i<span class=\"_ _7\"></span>ncu<span class=\"_ _7\"></span>rre<span class=\"_ _7\"></span>d cla<span class=\"_ _7\"></span>ims<span class=\"_ _304\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x922 h43 y20cc ff64 fs28 fc2 sc0 lsf0 ws1b9\">Excluding<span class=\"_ _304\"> </span></td><td class=\"t m0 x464 h43 y20cc ff64 fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>s<span class=\"_ _7\"></span>s </td><td class=\"t m0 x522 h43 y20cc ff64 fs28 fc2 sc0 ls10a ws15e\">Estimates<span class=\"_ _9\"></span> of </td><td class=\"t m0 x923 h43 y20cc ff64 fs28 fc2 sc0 ls7c wsdf\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 x924 h43 y20cd ff64 fs28 fc2 sc0 lse6 ws138\">loss component<span class=\"_ _304\"> </span></td><td class=\"t m0 x925 h43 y20cd ff64 fs28 fc2 sc0 lse6 ws12d\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e5 h43 y20cd ff64 fs28 fc2 sc0 lsf0 ws13c\">present value of<span class=\"_ _9\"></span> </td><td class=\"t m0 x926 h43 y20cd ff64 fs28 fc2 sc0 lse6 ws138\">for non-financial<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 x927 h43 y20ce ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e3 h43 y20ce ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x928 h43 y20ce ff64 fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>lows<span class=\"_ _304\"> </span></td><td class=\"t m0 x51d h43 y20ce ff64 fs28 fc2 sc0 ls7c ws98\">risk<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y20cf ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 h25 y20d0 ff64 fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2023<span class=\"_ _304\"> </span></td><td></td><td></td><td class=\"t m0 x929 h43 y20d0 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e8 h43 y20d0 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y20d1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y20d2 w4e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x92a y20d2 w4e6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">1<span class=\"_ _9\"></span>86.8*<span class=\"_ _304\"> </span></div></td><td class=\"c n x92b y20d2 w2d3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x92c y20d2 w4e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x92d y20d2 w4e8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x92e y20d2 w4e9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20d3 w4ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x92f y20d3 w377 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x930 y20d3 w3f6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x931 y20d3 w4eb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x932 y20d3 w14e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x933 y20d3 wa5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,69<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20d4 w4ec h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n x934 y20d4 w4ed h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls140 ws226\">4<span class=\"_ _7\"></span>74<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x935 y20d4 w41c h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x936 y20d4 w4ee h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">3<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x937 y20d4 w4ef h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">2<span class=\"_ _9\"></span>46.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x938 y20d4 w4f0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">4<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>7<span class=\"_ _8\"></span>7.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y20d5 ff64 fs7 fc2 sc0 ls7c ws89\">Changes in the consolidated income statement<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x203 he y20d6 ff5f fs7 fc2 sc0 ls38 ws41\">Insu<span class=\"_ _7\"></span>rance reve<span class=\"_ _7\"></span>nue, net of allo<span class=\"_ _7\"></span>cation <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x203 he y20d7 ff5f fs7 fc2 sc0 ls39 ws43\">of r<span class=\"_ _9\"></span>einsurance premiums<span class=\"_ _304\"> </span></td><td class=\"c n x939 y20d8 w4f1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6e ws120\">(3,3<span class=\"_ _7\"></span>63.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x93a y20d8 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x93b y20d8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x93c y20d8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x93d y20d8 w4f2 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6e ws120\">(3<span class=\"_ _7\"></span>,363<span class=\"_ _7\"></span>.8)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y20d9 ff64 fs7 fc2 sc0 ls38 ws41\">Insu<span class=\"_ _7\"></span>rance s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vice exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s, net of am<span class=\"_ _7\"></span>ounts <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x203 h25 y20da ff64 fs7 fc2 sc0 ls39 ws43\">recov<span class=\"_ _9\"></span>erable from reinsurers<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20db w4f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other at<span class=\"_ _7\"></span>tribut<span class=\"_ _7\"></span>able exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x93e y20db wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x93f y20db w4f4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _c\"> </span>7.<span class=\"_ _8\"></span>7<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x940 y20db w1cf h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x941 y20db w230 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">72.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x942 y20db w4f5 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2,0<span class=\"_ _7\"></span>27<span class=\"_ _a\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20dc w307 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _304\"> </span></div></td><td class=\"c n x943 y20dc w1cf h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x944 y20dc w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x945 y20dc w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x946 y20dc w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x947 y20dc w16f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y20dd ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ments t<span class=\"_ _9\"></span>o liabilities f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20de w4f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o pa<span class=\"_ _7\"></span>st ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce<span class=\"_ _304\"> </span></div></td><td class=\"c n x948 y20de wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x949 y20de w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x94a y20de w4f7 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>17<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x94b y20de w4f8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x94c y20de w4f9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(203<span class=\"_ _7\"></span>.6)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20df w4fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Loss<span class=\"_ _7\"></span>es and reve<span class=\"_ _7\"></span>rsal<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s on one<span class=\"_ _7\"></span>rous contr<span class=\"_ _7\"></span>acts<span class=\"_ _304\"> </span></div></td><td class=\"c n x94d y20df w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x94e y20df w4fb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x94f y20df w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x950 y20df w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x951 y20df w4fc h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e0 w4fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s in non-pe<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk of reins<span class=\"_ _7\"></span>urers<span class=\"_ _304\"> </span></div></td><td class=\"c n x952 y20e0 wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x953 y20e0 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x954 y20e0 w108 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x955 y20e0 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x956 y20e0 w108 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e1 w4fe h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal net insurance service expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n x957 y20e1 w4ff h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x958 y20e1 w179 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls74 ws82\">5.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x959 y20e1 w500 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">1<span class=\"_ _9\"></span>,7<span class=\"_ _7\"></span>78<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x95a y20e1 w501 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">48.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x95b y20e1 w1f7 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2,871<span class=\"_ _9\"></span>.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e2 w29f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c ws45\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n x95c y20e2 w502 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls15d ws211\">(2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>24.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x95d y20e2 w68 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls74 ws82\">5.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x95e y20e2 w503 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">1,77<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x95f y20e2 w203 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">48.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x960 y20e2 w2de h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">(492<span class=\"_ _9\"></span>.3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e3 w504 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance (i<span class=\"_ _7\"></span>ncom<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>)/<span class=\"_ _9\"></span>expe<span class=\"_ _7\"></span>nses f<span class=\"_ _7\"></span>rom insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts<span class=\"_ _304\"> </span></div></td><td class=\"c n x961 y20e3 w505 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x962 y20e3 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x963 y20e3 w506 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">1<span class=\"_ _a\"></span>48.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x964 y20e3 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x965 y20e3 w426 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e4 w2bb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net for<span class=\"_ _9\"></span>eign ex<span class=\"_ _9\"></span>change losses<span class=\"_ _304\"> </span></div></td><td class=\"c n x966 y20e4 w507 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x967 y20e4 wee h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x968 y20e4 w17b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">52.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x729 y20e4 wa3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"> </span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x969 y20e4 w215 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">80.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e5 w508 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal change recognised in compr<span class=\"_ _9\"></span>ehensive income<span class=\"_ _304\"> </span></div></td><td class=\"c n x96a y20e5 w509 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lseb ws136\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>313<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x96b y20e5 w2e7 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">5.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x96c y20e5 w235 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x96d y20e5 w2aa h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">5<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x96e y20e5 w428 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">(272.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e6 w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n x96f y20e6 w50b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">31.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x970 y20e6 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x971 y20e6 w50c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x972 y20e6 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x973 y20e6 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e7 w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n x974 y20e7 w50e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>258.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x975 y20e7 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x976 y20e7 w50f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x977 y20e7 w3ef h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x978 y20e7 w297 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>42.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y20e8 ff64 fs7 fc2 sc0 ls38 ws41\">Net c<span class=\"_ _7\"></span>ash flows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20e9 w510 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Net pr<span class=\"_ _9\"></span>emium receiv<span class=\"_ _9\"></span>ed<span class=\"_ _304\"> </span></div></td><td class=\"c n x979 y20e9 w511 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x97a y20e9 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97b y20e9 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97c y20e9 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97d y20e9 w512 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>3<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ea w513 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce expe<span class=\"_ _7\"></span>nses pa<span class=\"_ _7\"></span>id<span class=\"_ _304\"> </span></div></td><td class=\"c n x97e y20ea wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97f y20ea w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x980 y20ea w514 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3e ws162\">(988.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x981 y20eb w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x982 y20eb w515 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3e ws162\">(988.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ec w516 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance acqui<span class=\"_ _9\"></span>sition cash flo<span class=\"_ _9\"></span>ws<span class=\"_ _304\"> </span></div></td><td class=\"c n x983 y20ec w517 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(806.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n x984 y20ec w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x985 y20ec w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x986 y20ec w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x987 y20ec w518 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(8<span class=\"_ _7\"></span>06.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed4 w519 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows<span class=\"_ _304\"> </span></div></td><td class=\"c n x988 y1ed4 w51a h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x989 y1ed4 w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x98a y1ed4 w51b h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3e ws162\">(988.5<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x98b y1ed4 w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x98c y1ed4 w1cf h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f7e w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x98d y1f7e w51d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>8.8*<span class=\"_ _304\"> </span></div></td><td class=\"c n x98e y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x98f y1f7e w51e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x990 y1f7e w51f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsd4 wsfa\">(<span class=\"_ _7\"></span>520.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x991 y1f7e w520 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(2,<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>98<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f8d w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n x992 y1f8d w522 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls94 wsa9\">346.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x993 y1f8d w1f3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x994 y1f8d w523 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">5,427<span class=\"_ _a\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x995 y1f8d w361 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x996 y1f8d wa5 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,6<span class=\"_ _7\"></span>04.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w524 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n x997 y1e80 w525 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">46<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x998 y1e80 wa3 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x999 y1e80 w526 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">3<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>31.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x99a y1e80 w21c h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">3<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x99b y1e80 w4ee h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">4<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr></table>\u2020<span class=\"_ _304\"> </span>*In<span class=\"_ _7\"></span>clu<span class=\"_ _7\"></span>des L<span class=\"_ _7\"></span>PT AR<span class=\"_ _7\"></span>C gros<span class=\"_ _7\"></span>s of pre<span class=\"_ _7\"></span>miu<span class=\"_ _7\"></span>m payab<span class=\"_ _7\"></span>le<span class=\"_ _7\"></span>s of $53<span class=\"_ _7\"></span>4.<span class=\"_ _a\"></span>1 mil<span class=\"_ _7\"></span>lion a<span class=\"_ _7\"></span>t 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>ce<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 2022 an<span class=\"_ _7\"></span>d $532.3 mi<span class=\"_ _7\"></span>llio<span class=\"_ _7\"></span>n at 31 Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er 2023.<span class=\"_ _304\"> </span>\u2020<span class=\"_ _304\"> </span>Inc<span class=\"_ _7\"></span>lud<span class=\"_ _7\"></span>es a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>atio<span class=\"_ _7\"></span>n of LP<span class=\"_ _7\"></span>T prem<span class=\"_ _7\"></span>ium of $<span class=\"_ _7\"></span>61<span class=\"_ _a\"></span>.7 mil<span class=\"_ _7\"></span>lio<span class=\"_ _7\"></span>n.<span class=\"_ _304\"> </span><table class=\"s w527 hce\" id=\"_a046e32e-43b5-4dfb-9856-f4b1e0fcb355\"><tr><td></td><td></td><td class=\"c n x99c y20ed w528 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Net liabilit<span class=\"_ _9\"></span>ies for remaining<span class=\"_ _9\"></span> coverage<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n x99d y20ed w529 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Net liabilities<span class=\"_ _9\"></span> for incurred<span class=\"_ _9\"></span> claims<span class=\"_ _304\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x99e h44 y20ee ff5f fs28 fc2 sc0 lse6 ws138\">Estimates o<span class=\"_ _9\"></span>f </td><td></td><td class=\"t m0 x99f h44 y20ee ff5f fs28 fc2 sc0 lse6 ws138\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x9a0 h44 y20ef ff5f fs28 fc2 sc0 lsed ws17b\">Excluding<span class=\"_ _304\"> </span></td><td class=\"t m0 x490 h44 y20ef ff5f fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>ss </td><td class=\"t m0 x9a1 h44 y20ef ff5f fs28 fc2 sc0 lse4 ws15d\">pre<span class=\"_ _7\"></span>se<span class=\"_ _7\"></span>nt val<span class=\"_ _7\"></span>ue of </td><td></td><td class=\"t m0 x99f h44 y20ef ff5f fs28 fc2 sc0 ls10a ws15e\">for non-<span class=\"_ _9\"></span>financial </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x9a2 h44 y20f0 ff5f fs28 fc2 sc0 ls10a ws15e\">loss component<span class=\"_ _304\"> </span></td><td class=\"t m0 x25d h44 y20f0 ff5f fs28 fc2 sc0 ls10a ws15c\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x5a0 h44 y20f0 ff5f fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>low<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x9a3 h44 y20f0 ff5f fs28 fc2 sc0 lse6 ws12d\">risk<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x1b1 h44 y20f1 ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y20f2 ff5f fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dece<span class=\"_ _7\"></span>mber 2022<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a4 h44 y20f2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a5 h44 y20f2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a6 h44 y20f2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x9a7 h44 y20f2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x1b5 h44 y20f3 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y20f4 w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x9a8 y20f4 w52a h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>*<span class=\"_ _304\"> </span></div></td><td class=\"c n x9a9 y20f4 w362 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9aa y20f4 w52b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">(<span class=\"_ _7\"></span>2,<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ab y20f4 w52c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(5<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>3.4)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ac y20f4 w52d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(2<span class=\"_ _9\"></span>,856.9)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20f5 w4ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x92f y20f5 w377 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ad y20f5 w52e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">1<span class=\"_ _9\"></span>6.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ae y20f5 w237 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">6<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9af y20f5 wd5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">8<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b0 y20f5 w24d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">8<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b1 y20f5 w52f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b2 y20f5 w530 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">6<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20f6 w531 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b3 y20f6 w532 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">39<span class=\"_ _7\"></span>6.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b4 y20f6 w533 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b5 y20f6 w534 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">3,<span class=\"_ _7\"></span>572.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b6 y20f6 w535 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">348.9<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x91b y20f6 w4dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4,3<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y20f7 ff5f fs7 fc2 sc0 ls38 ws41\">Cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n the cons<span class=\"_ _7\"></span>olidated in<span class=\"_ _7\"></span>come st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1bb he y20f8 ff5f fs7 fc2 sc0 ls38 ws41\">Insu<span class=\"_ _7\"></span>rance reve<span class=\"_ _7\"></span>nue, net of allo<span class=\"_ _7\"></span>cation <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1b7 y20fa w536 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">of r<span class=\"_ _9\"></span>einsurance premiums</div><div class=\"t m0 x9b7 h41 y20f9 ff5f fs27 fc2 sc0 ls8 ws4\">\u2020<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b8 y20fb w537 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(3,00<span class=\"_ _7\"></span>8.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b9 y20fb w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ba y20fb w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9bb y20fb w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9bc y20fb w537 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(3,00<span class=\"_ _7\"></span>8.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y20fc ff5f fs7 fc2 sc0 ls39 ws43\">Insurance ser<span class=\"_ _7\"></span>vice expenses,<span class=\"_ _9\"></span> net of amount<span class=\"_ _9\"></span>s <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1bb he y20fd ff5f fs7 fc2 sc0 ls3b ws44\">recov<span class=\"_ _9\"></span>erable from reins<span class=\"_ _9\"></span>urers<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20fe w4f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other at<span class=\"_ _7\"></span>tribut<span class=\"_ _7\"></span>able exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x93e y20fe wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9bd y20fe w538 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9be y20fe w539 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">2<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9bf y20fe w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">32.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c0 y20fe w53a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ff w307 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _304\"> </span></div></td><td class=\"c n x943 y20ff w13f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c1 y20ff w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c2 y20ff w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c3 y20ff w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x5f2 y20ff w13f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2100 ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ments t<span class=\"_ _9\"></span>o liabilities f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2101 w4f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o pa<span class=\"_ _7\"></span>st ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce<span class=\"_ _304\"> </span></div></td><td class=\"c n x948 y2101 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x949 y2101 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x94a y2101 w53b h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">(2<span class=\"_ _9\"></span>58.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c4 y2101 w4e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">(12<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x56d y2101 w53c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">(<span class=\"_ _7\"></span>378.<span class=\"_ _7\"></span>5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2102 w4fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Loss<span class=\"_ _7\"></span>es and reve<span class=\"_ _7\"></span>rsal<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s on one<span class=\"_ _7\"></span>rous contr<span class=\"_ _7\"></span>acts<span class=\"_ _304\"> </span></div></td><td class=\"c n x94d y2102 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c5 y2102 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c6 y2102 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c7 y2102 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c8 y2102 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2103 w4fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s in non-pe<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk of reins<span class=\"_ _7\"></span>urers<span class=\"_ _304\"> </span></div></td><td class=\"c n x952 y2103 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x953 y2103 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c9 y2103 w30f h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ca y2103 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9cb y2103 w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2104 w53d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal n<span class=\"_ _7\"></span>et insura<span class=\"_ _7\"></span>nce se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice ex<span class=\"_ _7\"></span>pens<span class=\"_ _7\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n x9cc y2104 w81 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9cd y2104 w53e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ce y2104 w53f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">1<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>74<span class=\"_ _304\"> </span></div></td><td class=\"c n x9cf y2104 w540 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">0<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d0 y2104 w3e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>8<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9d1 y2104 w541 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>4<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e2 w31e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d2 y20e2 w542 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(2,<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d3 y20e2 w543 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9d4 y20e2 w544 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">1,<span class=\"_ _8\"></span>74<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d5 y20e2 w3e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>8<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9d6 y20e2 w545 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>36<span class=\"_ _7\"></span>0.9)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2105 w546 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance in<span class=\"_ _7\"></span>come/(<span class=\"_ _9\"></span>exp<span class=\"_ _7\"></span>ense) from in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d7 y2105 w484 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">3<span class=\"_ _7\"></span>8.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d8 y2105 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9d9 y2105 w365 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9da y2105 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9db y2105 w547 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _7\"></span>111<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2106 w548 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fore<span class=\"_ _7\"></span>ign exchang<span class=\"_ _7\"></span>e gains<span class=\"_ _304\"> </span></div></td><td class=\"c n x9dc y2106 w549 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(6<span class=\"_ _7\"></span>5.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9dd y2106 w54a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9de y2106 w54b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _c\"> </span>74<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9df y2106 w54c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">(<span class=\"_ _7\"></span>15<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9e0 y2106 w29 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>5<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e5 w54d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal change r<span class=\"_ _9\"></span>ecognise<span class=\"_ _7\"></span>d in<span class=\"_ _9\"></span> comprehensive income<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e1 y20e5 w54e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(2<span class=\"_ _9\"></span>,03<span class=\"_ _7\"></span>0.<span class=\"_ _9\"></span>7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e2 y20e5 w53e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9e3 y20e5 w54f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>6<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e4 y20e5 w550 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(10<span class=\"_ _8\"></span>2.<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9e5 y20e5 w551 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>2<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2107 w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e6 y2107 w33e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">20.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e7 y2107 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9e8 y2107 w552 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(2<span class=\"_ _7\"></span>0.4<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e9 y2107 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ea y2107 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2108 w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n x9eb y2108 w553 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(23<span class=\"_ _7\"></span>5.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ec y2108 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ed y2108 w554 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">(<span class=\"_ _7\"></span>575<span class=\"_ _7\"></span>.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ee y2108 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ef y2108 w555 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2109 ff5f fs7 fc2 sc0 ls38 ws41\">Net ca<span class=\"_ _7\"></span>sh flows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y210a w510 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Net pr<span class=\"_ _9\"></span>emium receiv<span class=\"_ _9\"></span>ed<span class=\"_ _304\"> </span></div></td><td class=\"c n x979 y210a w539 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">3<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x97f y210a w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c6 y210a w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c7 y210a w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f0 y210a w556 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">3<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>9<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y210b w513 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce expe<span class=\"_ _7\"></span>nses pa<span class=\"_ _7\"></span>id<span class=\"_ _304\"> </span></div></td><td class=\"c n x97e y210b wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97f y210b w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f1 y210b w557 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x1ee y20eb w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f2 y20eb w558 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2022 w516 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance acqui<span class=\"_ _9\"></span>sition cash flo<span class=\"_ _9\"></span>ws<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f3 y2022 w559 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(76<span class=\"_ _9\"></span>7<span class=\"_ _e\"></span>.<span class=\"_ _9\"></span>7)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f4 y2022 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f5 y2022 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f6 y2022 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f7 y2022 w55a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(76<span class=\"_ _9\"></span>7<span class=\"_ _e\"></span>.<span class=\"_ _9\"></span>7)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed4 w55b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>ash flows<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f8 y1ed4 w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>32<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f9 y1ed4 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9fa y1ed4 w55c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9fb y1ed4 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9fc y1ed4 w556 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2081 w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x9fd y2081 w55d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">1<span class=\"_ _9\"></span>86.8*<span class=\"_ _304\"> </span></div></td><td class=\"c n x9fe y2081 w55e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">(0.6)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ff y2081 w55f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa00 y2081 w560 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa01 y2081 w561 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>2<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xa02 y1ed8 w562 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa03 y1ed8 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa04 y1ed8 w563 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">5<span class=\"_ _7\"></span>,<span class=\"_ _9\"></span>737<span class=\"_ _a\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa05 y1ed8 w2ba h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">6<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa06 y1ed8 wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">6,6<span class=\"_ _7\"></span>94.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w564 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xa07 y1e80 w565 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">4<span class=\"_ _7\"></span>74<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xa08 y1e80 w40e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa09 y1e80 w200 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">3,<span class=\"_ _9\"></span>454.<span class=\"_ _a\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0a y1e80 w3d1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">24<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa0b y1e80 w566 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _2c\"></span>,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td></tr></table>*In<span class=\"_ _7\"></span>clu<span class=\"_ _7\"></span>des L<span class=\"_ _7\"></span>PT AR<span class=\"_ _7\"></span>C gros<span class=\"_ _7\"></span>s of pre<span class=\"_ _7\"></span>miu<span class=\"_ _7\"></span>m rec<span class=\"_ _7\"></span>eiv<span class=\"_ _7\"></span>abl<span class=\"_ _7\"></span>e $493.0 m<span class=\"_ _7\"></span>illi<span class=\"_ _7\"></span>on at 31 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 20<span class=\"_ _7\"></span>2<span class=\"_ _9\"></span>1 an<span class=\"_ _7\"></span>d $53<span class=\"_ _7\"></span>4.<span class=\"_ _a\"></span>1 mil<span class=\"_ _7\"></span>lio<span class=\"_ _7\"></span>n at 3<span class=\"_ _9\"></span>1 D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 2022.<span class=\"_ _304\"> </span>\u2020<span class=\"_ _304\"> </span>Inc<span class=\"_ _7\"></span>lud<span class=\"_ _7\"></span>es a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>atio<span class=\"_ _7\"></span>n of LP<span class=\"_ _7\"></span>T prem<span class=\"_ _7\"></span>ium of $1<span class=\"_ _9\"></span>8<span class=\"_ _7\"></span>0.8 mill<span class=\"_ _7\"></span>ion.<span class=\"_ _304\"> </span>Prio<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>-year d<span class=\"_ _7\"></span>evelopm<span class=\"_ _7\"></span>ent rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed for the yea<span class=\"_ _7\"></span>r amou<span class=\"_ _7\"></span>nts t<span class=\"_ _9\"></span>o $1<span class=\"_ _a\"></span>22<span class=\"_ _9\"></span>.8 mill<span class=\"_ _7\"></span>ion (2022<span class=\"_ _9\"></span>: $209<span class=\"_ _9\"></span>.4 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>) an<span class=\"_ _7\"></span>d comp<span class=\"_ _7\"></span>rise<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>: <table class=\"s w567 ha1\" id=\"_001a3f05-fbe1-47c9-b8c7-a35c5a7efd28\"><tr><td></td><td class=\"t m0 x26c h43 y210c ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y210c ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y210d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y210d ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c x1b7 y2016 w568 h98\"><div class=\"t m0 x1b6 he y1ee4 ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ment to<span class=\"_ _9\"></span> liabilities f<span class=\"_ _9\"></span>or incurred claims r<span class=\"_ _9\"></span>elating t<span class=\"_ _9\"></span>o past<span class=\"_ _9\"></span> ser<span class=\"_ _7\"></span>vice,<span class=\"_ _304\"> </span></div><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">net of rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce recover<span class=\"_ _7\"></span>ies (on a pre<span class=\"_ _7\"></span>sent-<span class=\"_ _9\"></span>valu<span class=\"_ _7\"></span>e basis)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0c y2016 w1e9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">203<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0d y2016 w121 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">378.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w569 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ment for discoun<span class=\"_ _9\"></span>ting impa<span class=\"_ _9\"></span>ct<span class=\"_ _304\"> </span></div></td><td class=\"c n x70c y1f86 w56a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>9<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0e y1f86 w1df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w56b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ment for LPT<span class=\"_ _9\"></span> premium and e<span class=\"_ _9\"></span>xperie<span class=\"_ _7\"></span>nce adj<span class=\"_ _9\"></span>ustment<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0f y1ed8 w50c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa10 y1ed8 w56c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">(18<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n xa11 y1e80 w426 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa12 y1e80 w3e8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">20<span class=\"_ _7\"></span>9.4<span class=\"_ _304\"> </span></div></td></tr></table>Insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts \u2013 a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>is by remain<span class=\"_ _7\"></span>ing covera<span class=\"_ _7\"></span>ge and in<span class=\"_ _7\"></span>curre<span class=\"_ _7\"></span>d claim<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span><table class=\"s w56d hcf\" id=\"_b3d17107-8bff-41b0-8280-c82761662aae\"><tr><td></td><td></td><td class=\"c n xa13 y210f w56e h91\"><div class=\"t m0 x1b6 h43 y210e ff64 fs28 fc2 sc0 lsf0 ws13c\">Liabilities for remaining coverage<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa14 y210f w56f h91\"><div class=\"t m0 x1b6 h43 y210e ff64 fs28 fc2 sc0 lsf3 ws1d9\">Liabilities<span class=\"_ _9\"></span> for incurred<span class=\"_ _9\"></span> claims<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 xa15 h43 y2110 ff64 fs28 fc2 sc0 lsf0 ws13c\">LRC excluding<span class=\"_ _9\"></span> </td><td class=\"t m0 x464 h43 y2110 ff64 fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>s<span class=\"_ _7\"></span>s </td><td class=\"t m0 x522 h43 y2110 ff64 fs28 fc2 sc0 ls10a ws15e\">Estimates<span class=\"_ _9\"></span> of </td><td class=\"t m0 x923 h43 y2110 ff64 fs28 fc2 sc0 ls7c wsdf\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 xa16 h43 y2111 ff64 fs28 fc2 sc0 lse6 ws138\">loss component<span class=\"_ _304\"> </span></td><td class=\"t m0 x925 h43 y2111 ff64 fs28 fc2 sc0 lse6 ws12d\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e5 h43 y2111 ff64 fs28 fc2 sc0 lsf0 ws13c\">present value of<span class=\"_ _9\"></span> </td><td class=\"t m0 x926 h43 y2111 ff64 fs28 fc2 sc0 lse6 ws138\">for non-financial<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 x6b5 h43 y2112 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e3 h43 y2112 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x928 h43 y2112 ff64 fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>lows<span class=\"_ _304\"> </span></td><td class=\"t m0 x51d h43 y2112 ff64 fs28 fc2 sc0 ls7c ws98\">risk<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y2113 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 h25 y2114 ff64 fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2023<span class=\"_ _304\"> </span></td><td></td><td></td><td class=\"t m0 x929 h43 y2114 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e8 h43 y2114 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y2115 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1fb6 w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xa17 y1fb6 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa18 y1fb6 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa19 y1fb6 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1a y1fb6 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x81a y1fb6 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2116 w4ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1b y2116 w12e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1c y2116 w3fe h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1d y2116 w570 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"> </span>,<span class=\"_ _8\"></span>7<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1e y2116 w14e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1f y2116 wa5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,69<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1feb w4ec h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xa20 y1feb w12e h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa21 y1feb w3f6 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa22 y1feb w44e h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _2c\"></span>3<span class=\"_ _8\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa23 y1feb w2c2 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _2c\"></span>6<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa24 y1feb w22e h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">6,6<span class=\"_ _7\"></span>94.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y2117 ff64 fs7 fc2 sc0 ls7c ws89\">Changes in the consolidated income statement<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2118 w10 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue<span class=\"_ _304\"> </span></div></td><td class=\"c n xa25 y2118 w571 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">(4,48<span class=\"_ _7\"></span>3.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa26 y2118 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa27 y2118 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa28 y2118 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa29 y2118 w572 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">(<span class=\"_ _9\"></span>4,48<span class=\"_ _7\"></span>3.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y2119 ff64 fs7 fc2 sc0 ls39 ws43\">Insurance ser<span class=\"_ _7\"></span>vice e<span class=\"_ _9\"></span>xpenses<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y211a w4f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other at<span class=\"_ _7\"></span>tribut<span class=\"_ _7\"></span>able exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2a y211a wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2b y211a w4d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(8.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2c y211a w573 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">2<span class=\"_ _9\"></span>,369.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2d y211a w574 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">11<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x258 y211a w575 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">2,<span class=\"_ _7\"></span>47<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y211b w307 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2e y211b w1cf h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ec y211b w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2f y211b w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x891 y211b w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa30 y211b w1cf h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y211c ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ments t<span class=\"_ _9\"></span>o liabilities f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> relating<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td class=\"c n xa31 y211d wc1 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa32 y211d w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa33 y211d w576 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8a wsa0\">(372.<span class=\"_ _7\"></span>9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa34 y211d w2fa h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">3<span class=\"_ _7\"></span>6.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xa35 y211d w1e6 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y211e ff5f fs7 fc2 sc0 ls38 ws41\">to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y211f w4fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Loss<span class=\"_ _7\"></span>es and reve<span class=\"_ _7\"></span>rsal<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s on one<span class=\"_ _7\"></span>rous contr<span class=\"_ _7\"></span>acts<span class=\"_ _304\"> </span></div></td><td class=\"c n xa36 y211f wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa37 y211f w262 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xa38 y211f w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa39 y211f w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x917 y211f w577 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2120 w578 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal insurance service expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3a y2120 w1cf h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3b y2120 w2e7 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3c y2120 w17 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x99a y2120 w224 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls155 ws204\">14<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x97d y2120 w579 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2121 w29f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c ws45\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3d y2121 w57a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls99 ws1d5\">(3,<span class=\"_ _9\"></span>444.2<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3e y2121 w2e7 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3f y2121 w17 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa40 y2121 w224 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls155 ws204\">14<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa41 y2121 w57b h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">(1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2122 w57c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s from ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n xa42 y2122 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa43 y2122 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa44 y2122 w219 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xa45 y2122 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa46 y2122 w219 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2123 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n xa47 y2123 w57d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls15d ws211\">24<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa48 y2123 wee h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa49 y2123 w57e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">73<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4a y2123 w47d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4b y2123 w2ea h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2124 w57f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al chang<span class=\"_ _7\"></span>e in the con<span class=\"_ _7\"></span>solidate<span class=\"_ _7\"></span>d income s<span class=\"_ _7\"></span>tateme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4c y2124 w580 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls16f ws230\">(<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>419<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4d y2124 w38c h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa6 wsc1\">5.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4e y2124 w95 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2,<span class=\"_ _7\"></span>29<span class=\"_ _7\"></span>0.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4f y2124 w581 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">1<span class=\"_ _9\"></span>56.<span class=\"_ _a\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa50 y2124 w582 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>9<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2125 w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n xa51 y2125 w4f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa52 y2125 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa53 y2125 w41a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa54 y2125 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa55 y2125 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdc w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n xa56 y1fdc w50e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(258.<span class=\"_ _9\"></span>0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa57 y1fdc w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa58 y1fdc w583 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">(6<span class=\"_ _7\"></span>93.<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa59 y1fdc w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5a y1fdc w585 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y2126 ff64 fs7 fc2 sc0 ls87 ws9e\">Ca<span class=\"_ _7\"></span>sh fl<span class=\"_ _7\"></span>ows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2127 w586 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Premi<span class=\"_ _7\"></span>um rec<span class=\"_ _7\"></span>eived<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5b y2127 w587 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">4,54<span class=\"_ _7\"></span>3.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5c y2127 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b0 y2127 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x31e y2127 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5d y2127 w2ce h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">4,5<span class=\"_ _7\"></span>43.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2128 w588 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cla<span class=\"_ _7\"></span>ims and othe<span class=\"_ _7\"></span>r insur<span class=\"_ _7\"></span>ance se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e expens<span class=\"_ _7\"></span>es pai<span class=\"_ _7\"></span>d<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5e y2128 wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x975 y2128 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5f y2128 w589 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(1<span class=\"_ _a\"></span>,9<span class=\"_ _7\"></span>08.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa60 y2128 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa61 y2128 w589 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(1<span class=\"_ _a\"></span>,9<span class=\"_ _7\"></span>08.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2129 w516 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance acqui<span class=\"_ _9\"></span>sition cash flo<span class=\"_ _9\"></span>ws<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f3 y2129 w58a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(80<span class=\"_ _7\"></span>6.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa62 y2129 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa63 y2129 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa64 y2129 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa65 y2129 w58a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(80<span class=\"_ _7\"></span>6.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y212a w519 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows<span class=\"_ _304\"> </span></div></td><td class=\"c n xa66 y212a w452 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa67 y207c w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa68 y207c w58b h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>,908.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa69 y207c w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6a y207c w1cf h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f7e w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6b y1f7e wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6c y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6d y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6e y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6f y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fcd w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xa70 y1fcd w58c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls94 wsa9\">3<span class=\"_ _7\"></span>46.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa71 y1fcd w58d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _c\"> </span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa72 y1fcd w58e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">5,427<span class=\"_ _20\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x900 y1fcd w21c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x4bd y1fcd w22e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,6<span class=\"_ _7\"></span>04.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w524 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xa73 y1e80 w522 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls94 wsa9\">346.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x967 y1e80 w1f3 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa74 y1e80 w1f8 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls75 ws11a\">5,42<span class=\"_ _9\"></span>7<span class=\"_ _a\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa75 y1e80 w361 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa76 y1e80 wa5 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">6,6<span class=\"_ _7\"></span>04.0<span class=\"_ _304\"> </span></div></td></tr></table><table class=\"s w58f hd0\" id=\"_a853bac8-7a3d-4811-b697-38c05bd81d49\"><tr><td></td><td></td><td class=\"c n xa77 y212b w590 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Liabilities for<span class=\"_ _9\"></span> remaining cov<span class=\"_ _9\"></span>erage<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xa78 y212b w591 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Liabilities for<span class=\"_ _9\"></span> incurred claims<span class=\"_ _304\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xa79 h44 y212c ff5f fs28 fc2 sc0 ls10a ws15e\">LRC ex<span class=\"_ _9\"></span>cluding </td><td class=\"t m0 x490 h44 y212c ff5f fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>ss </td><td></td><td class=\"t m0 x99e h44 y212c ff5f fs28 fc2 sc0 lse6 ws138\">Estimates o<span class=\"_ _9\"></span>f </td><td class=\"t m0 x99f h44 y212c ff5f fs28 fc2 sc0 lse6 ws138\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x435 h44 y212d ff5f fs28 fc2 sc0 ls10a ws15e\">loss component<span class=\"_ _304\"> </span></td><td class=\"t m0 x25d h44 y212d ff5f fs28 fc2 sc0 ls10a ws15c\">component<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x9a1 h44 y212d ff5f fs28 fc2 sc0 lse4 ws15d\">pre<span class=\"_ _7\"></span>se<span class=\"_ _7\"></span>nt val<span class=\"_ _7\"></span>ue of </td><td class=\"t m0 x99f h44 y212d ff5f fs28 fc2 sc0 ls10a ws15e\">for non-<span class=\"_ _9\"></span>financial </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xa7a h44 y212e ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a5 h44 y212e ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x5a0 h44 y212e ff5f fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>low<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a3 h44 y212e ff5f fs28 fc2 sc0 lse6 ws12d\">risk<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x1b1 h44 y212f ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y2130 ff5f fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dece<span class=\"_ _7\"></span>mber 2022<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td class=\"t m0 x9a6 h44 y2130 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a7 h44 y2130 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x1b5 h44 y2131 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2132 w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xa17 y2132 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa18 y2132 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa19 y2132 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1a y2132 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x81a y2132 w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1feb w4ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1b y1feb w5b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>3<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ad y1feb w52e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">1<span class=\"_ _9\"></span>6.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ae y1feb w237 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">6<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9af y1feb wd5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">8<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b0 y1feb w24d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">8<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b1 y1feb w52f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b2 y1feb w530 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">6<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2133 w531 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xa7b y2133 w5b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>3<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa7c y2133 w52e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">1<span class=\"_ _9\"></span>6.5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa7d y2133 w592 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">6<span class=\"_ _8\"></span>,1<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa7e y2133 w24d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">8<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa7f y2133 w52f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa80 y2133 w530 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">6<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2134 ff5f fs7 fc2 sc0 ls38 ws41\">Cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n the cons<span class=\"_ _7\"></span>olidated in<span class=\"_ _7\"></span>come st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2135 w10 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue<span class=\"_ _304\"> </span></div></td><td class=\"c n xa81 y2135 w593 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4,<span class=\"_ _7\"></span>273<span class=\"_ _7\"></span>.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa82 y2135 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa38 y2135 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa39 y2135 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa83 y2135 w593 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4,<span class=\"_ _7\"></span>273<span class=\"_ _7\"></span>.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2136 w4f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other at<span class=\"_ _7\"></span>tribut<span class=\"_ _7\"></span>able exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2a y2136 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa84 y2136 w594 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa85 y2136 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>92<span class=\"_ _7\"></span>2.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xa86 y2136 w18f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">75<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa87 y2136 wa0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>0.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fef w307 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _304\"> </span></div></td><td class=\"c n xa88 y1fef w595 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5c y1fef w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x5b0 y1fef w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x31e y1fef w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x3ee y1fef w13f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2137 ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ments t<span class=\"_ _9\"></span>o liabilities f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> relating<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2138 w596 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice<span class=\"_ _304\"> </span></div></td><td class=\"c n xa89 y2138 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa8a y2138 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa8b y2138 w597 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(2<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>6.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa8c y2138 w598 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(23<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.5)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa8d y2138 w599 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">(5<span class=\"_ _7\"></span>03.9)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2139 w4fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Loss<span class=\"_ _7\"></span>es and reve<span class=\"_ _7\"></span>rsal<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s on one<span class=\"_ _7\"></span>rous contr<span class=\"_ _7\"></span>acts<span class=\"_ _304\"> </span></div></td><td class=\"c n xa36 y2139 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa8e y2139 w59a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.8<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa8f y2139 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa90 y2139 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa91 y2139 w59b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2120 w59c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal insurance service expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n xa92 y2120 w13f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa93 y2120 w59d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa94 y2120 w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,6<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa95 y2120 w59e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">(16<span class=\"_ _8\"></span>2.<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa96 y2120 w59f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">3,48<span class=\"_ _7\"></span>5.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213a w31e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n xa97 y213a w5a0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>2<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa98 y213a w5a1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa99 y213a w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,6<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9a y213a w5a2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">(16<span class=\"_ _8\"></span>2.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa9b y213a w5a3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>7<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff3 w5a4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance in<span class=\"_ _7\"></span>come f<span class=\"_ _7\"></span>rom insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ontracts<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9c y1ff3 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9d y1ff3 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa9e y1ff3 w309 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9f y1ff3 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa0 y1ff3 w309 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213b w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa1 y213b w41 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4<span class=\"_ _7\"></span>5.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa2 y213b w54a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa3 y213b w5a5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(14<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa4 y213b w5a6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">(2<span class=\"_ _7\"></span>3.0)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa5 y213b w34d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(2<span class=\"_ _7\"></span>09<span class=\"_ _7\"></span>.2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213c w5a7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>e in the con<span class=\"_ _7\"></span>solidated i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa6 y213c w5a8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3,31<span class=\"_ _9\"></span>3.<span class=\"_ _9\"></span>0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa7 y213c w2b1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa8 y213c w5a9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x228 y213c w5aa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">(18<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa9 y213c w5ab h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(<span class=\"_ _7\"></span>1,<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213d w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n xa51 y213d w41d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>2.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x944 y213d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaaa y213d w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xaab y213d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaac y213d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213e w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n xaad y213e w5ac h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(23<span class=\"_ _7\"></span>5.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaae y213e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaaf y213e w5ad h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">(<span class=\"_ _7\"></span>575<span class=\"_ _7\"></span>.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xab0 y213e w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xab1 y213e w5ae h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y213f ff5f fs7 fc2 sc0 ls89 wsfe\">Cash flows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1ff6 w586 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Premi<span class=\"_ _7\"></span>um rec<span class=\"_ _7\"></span>eived<span class=\"_ _304\"> </span></div></td><td class=\"c n xab2 y1ff6 w5af h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsf8 ws146\">4<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>475<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xab3 y1ff6 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xab4 y1ff6 w58a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsf8 ws146\">4,<span class=\"_ _7\"></span>475<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2140 w588 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cla<span class=\"_ _7\"></span>ims and othe<span class=\"_ _7\"></span>r insur<span class=\"_ _7\"></span>ance se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e expens<span class=\"_ _7\"></span>es pai<span class=\"_ _7\"></span>d<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5e y2140 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xab5 y2140 w5b0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(2,<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>79.2)<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n x99b y2140 w5b0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(2,<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>79.2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2141 w516 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance acqui<span class=\"_ _9\"></span>sition cash flo<span class=\"_ _9\"></span>ws<span class=\"_ _304\"> </span></div></td><td class=\"c n xab6 y2141 w5b1 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(7<span class=\"_ _9\"></span>67<span class=\"_ _e\"></span>.<span class=\"_ _9\"></span>7)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xab7 y2141 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xab8 y2141 w559 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(76<span class=\"_ _9\"></span>7<span class=\"_ _e\"></span>.<span class=\"_ _9\"></span>7)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y212a w55b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>ash flows<span class=\"_ _304\"> </span></div></td><td class=\"c n xa88 y212a w5b2 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">3<span class=\"_ _7\"></span>,70<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xab9 y212a w5b0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(2,<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>79.2)<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xaba y212a w5a9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2142 w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6b y2142 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6c y2142 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa6d y2142 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6e y2142 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"t m0 xabb he y2143 ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed8 w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xabc y1ed8 w5b3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xabd y1ed8 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xabe y1ed8 w5b4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">5,737<span class=\"_ _20\"></span>.<span class=\"_ _9\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xabf y1ed8 w5b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">6<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xac0 y1ed8 wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">6,6<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w564 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xac1 y1e80 w18 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xac2 y1e80 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xac3 y1e80 w5b4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">5,737<span class=\"_ _20\"></span>.<span class=\"_ _9\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xac4 y1e80 w5b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">6<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xac5 y1e80 wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">6,6<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr></table>20.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>(<span class=\"_ _9\"></span>c) Reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>t held as<span class=\"_ _7\"></span>sets \u2013 ana<span class=\"_ _7\"></span>lysis by re<span class=\"_ _7\"></span>maini<span class=\"_ _7\"></span>ng coverage a<span class=\"_ _7\"></span>nd incu<span class=\"_ _7\"></span>rred c<span class=\"_ _7\"></span>laims<span class=\"_ _304\"> </span><table class=\"s w5b6 hd1\" id=\"_e110a9d8-980e-4720-a25c-eb60c3cc329d\"><tr><td></td><td></td><td class=\"c n xac6 y2144 w5b7 h91\"><div class=\"t m0 x1b6 h43 y210e ff64 fs28 fc2 sc0 lsf0 ws13c\">Asset for remaining coverage<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xac7 y2144 w5b8 h91\"><div class=\"t m0 x1b6 h43 y210e ff64 fs28 fc2 sc0 lse4 ws15d\">As<span class=\"_ _7\"></span>set fo<span class=\"_ _7\"></span>r inc<span class=\"_ _7\"></span>urr<span class=\"_ _7\"></span>ed cl<span class=\"_ _7\"></span>aim<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 xa15 h43 y2145 ff64 fs28 fc2 sc0 lsf0 ws13c\">ARC excluding<span class=\"_ _9\"></span> </td><td class=\"t m0 x464 h43 y2145 ff64 fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>s<span class=\"_ _7\"></span>s </td><td class=\"t m0 x522 h43 y2145 ff64 fs28 fc2 sc0 ls10a ws15e\">Estimates<span class=\"_ _9\"></span> of </td><td class=\"t m0 x923 h43 y2145 ff64 fs28 fc2 sc0 ls7c wsdf\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 xac8 h43 y2146 ff64 fs28 fc2 sc0 lse4 ws15d\">los<span class=\"_ _7\"></span>s re<span class=\"_ _7\"></span>cove<span class=\"_ _7\"></span>ry<span class=\"_ _304\"> </span></td><td class=\"t m0 xac9 h43 y2146 ff64 fs28 fc2 sc0 ls143 ws1e4\">rec<span class=\"_ _7\"></span>over<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e5 h43 y2146 ff64 fs28 fc2 sc0 lsf0 ws13c\">present value of<span class=\"_ _9\"></span> </td><td class=\"t m0 x926 h43 y2146 ff64 fs28 fc2 sc0 lse6 ws138\">for non-financial<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 xaca h43 y2147 ff64 fs28 fc2 sc0 lse6 ws12d\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x925 h43 y2147 ff64 fs28 fc2 sc0 lse6 ws12d\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x928 h43 y2147 ff64 fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>lows<span class=\"_ _304\"> </span></td><td class=\"t m0 x51d h43 y2147 ff64 fs28 fc2 sc0 ls7c ws98\">risk<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y2148 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 h25 y2149 ff64 fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x6b5 h43 y2149 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e3 h43 y2149 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x929 h43 y2149 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e8 h43 y2149 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y214a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y214b w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x92a y214b w5b9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>86.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xacb y214b w2e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xacc y214b w397 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xacd y214b w2ae h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">4<span class=\"_ _7\"></span>21.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xace y214b w44e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y214c w4ea h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xa17 y214c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa18 y214c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa19 y214c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1a y214c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x81a y214c w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y214d w4ec h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xacf y214d w5ba h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>86.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xad0 y214d w3cb h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xad1 y214d w397 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x99a y214d w21c h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">4<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xad2 y214d w44e h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y214e ff64 fs7 fc2 sc0 ls7c ws89\">Changes in the consolidated income statement<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y214f w294 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums<span class=\"_ _304\"> </span></div></td><td class=\"c n xad3 y214f w5bb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,11<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xad4 y214f w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xad5 y214f w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa60 y214f w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xad6 y214f w2d0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,11<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y2150 ff64 fs7 fc2 sc0 ls39 ws43\">Amounts recov<span class=\"_ _9\"></span>erable from reinsurers<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2151 w5bc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s of incur<span class=\"_ _7\"></span>red cla<span class=\"_ _7\"></span>ims and othe<span class=\"_ _7\"></span>r attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble expe<span class=\"_ _7\"></span>nses<span class=\"_ _304\"> </span></div></td><td class=\"c n xad7 y2151 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xad8 y2151 w2d3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xad9 y2151 w3c0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">406.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xada y2151 wa4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4<span class=\"_ _7\"></span>0.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xadb y2151 w1e9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">446<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2152 ff5f fs7 fc2 sc0 ls38 ws41\">Adjus<span class=\"_ _7\"></span>tments to assets for i<span class=\"_ _7\"></span>ncur<span class=\"_ _7\"></span>red clai<span class=\"_ _7\"></span>ms relatin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></td><td class=\"c n xa31 y2153 wc1 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa32 y2153 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa33 y2153 w5bd h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsc7 wse8\">(19<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xadc y2153 w164 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls74 ws82\">6<span class=\"_ _7\"></span>0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xadd y2153 wf2 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lseb ws136\">(13<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _9\"></span>1)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2154 ff5f fs7 fc2 sc0 ls38 ws41\">to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2155 w4fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s in non-pe<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk of reins<span class=\"_ _7\"></span>urers<span class=\"_ _304\"> </span></div></td><td class=\"c n xade y2155 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9d y2155 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xadf y2155 w2e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ca y2155 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xae0 y2155 w2fd h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2156 w5be h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al amou<span class=\"_ _7\"></span>nts recover<span class=\"_ _7\"></span>able fro<span class=\"_ _7\"></span>m reinsu<span class=\"_ _7\"></span>rers<span class=\"_ _304\"> </span></div></td><td class=\"c n xae1 y2156 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xae2 y2156 w102 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">(0<span class=\"_ _7\"></span>.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xae3 y2156 w5bf h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n xae4 y2156 w5c0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xae5 y2156 w1b h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2157 w29c h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">Net expense fr<span class=\"_ _9\"></span>om reinsurance contracts held<span class=\"_ _304\"> </span></div></td><td class=\"c n xae6 y2157 w2d0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,11<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xae7 y2157 w2d3 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">(0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xae8 y2157 w63 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n xae9 y2157 w5c0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xaea y2157 w1dd h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2158 w5c1 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">Net finance income<span class=\"_ _9\"></span> from reinsurance contracts<span class=\"_ _304\"> </span></div></td><td class=\"c n xaeb y2158 we8 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xaec y2158 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xaed y2158 w28 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">7<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xaee y2158 w6f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xaef y2158 w2a9 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2159 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf0 y2159 w2e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf1 y2159 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf2 y2159 w2a9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf3 y2159 w2f2 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(<span class=\"_ _7\"></span>0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf4 y2159 we1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls78 ws122\">25.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdb w5c2 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al chang<span class=\"_ _7\"></span>es in the c<span class=\"_ _7\"></span>onsolid<span class=\"_ _7\"></span>ated inco<span class=\"_ _7\"></span>me statem<span class=\"_ _7\"></span>ent<span class=\"_ _304\"> </span></div></td><td class=\"c n x795 y1fdb w5c3 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf5 y1fdb w102 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">(<span class=\"_ _7\"></span>0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf6 y1fdb w5c4 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls12a ws1ee\">3<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf7 y1fdb w166 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf8 y1fdb w5c5 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdc w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf9 y1fdc w2e5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(3<span class=\"_ _7\"></span>2.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xafa y1fdc w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xafb y1fdc w17b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">32.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x946 y1fdc w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xafc y1fdc w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y215a w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n xafd y215a w5c6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xafe y215a w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xaff y215a w14c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">(<span class=\"_ _7\"></span>10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb00 y215a w102 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(<span class=\"_ _7\"></span>0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb01 y215a w5c7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">(<span class=\"_ _7\"></span>10<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y215b ff64 fs7 fc2 sc0 ls87 ws9e\">Ca<span class=\"_ _7\"></span>sh fl<span class=\"_ _7\"></span>ows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y215c w5c8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Premi<span class=\"_ _7\"></span>um paid<span class=\"_ _304\"> </span></div></td><td class=\"c n xb02 y215c w5c9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">1<span class=\"_ _9\"></span>,<span class=\"_ _7\"></span>206<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9d y215c w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb03 y215c w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb04 y215c w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb05 y215c w5c9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">1<span class=\"_ _9\"></span>,<span class=\"_ _7\"></span>206<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2129 w5ca h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amounts received<span class=\"_ _304\"> </span></div></td><td class=\"c n xb06 y2129 wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb07 y2129 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb08 y2129 w5cb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _7\"></span>919<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb09 y2129 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x344 y2129 w171 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _7\"></span>919<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y215d w519 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0a y215d w5cc h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">1<span class=\"_ _9\"></span>,20<span class=\"_ _7\"></span>6.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x97a y215d w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0b y215d w5cd h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _7\"></span>919<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0c y215d w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0d y215d w45d h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3a ws130\">28<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y215e w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x98d y215e w5ce h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>8.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0e y215e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0f y215e w17 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb10 y215e w3fb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsd4 wsfa\">520.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb11 y215e w95 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2,0<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fcd w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xb12 y1fcd wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb13 y1fcd w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb14 y1fcd w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb15 y1fcd w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb16 y1fcd w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w524 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xb17 y1e80 w5ce h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>8.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb18 y1e80 w6f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb19 y1e80 w17 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb1a y1e80 w5cf h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsd4 wsfa\">520.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb1b y1e80 wf7 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2,0<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td></tr></table><table class=\"s w5d0 hd2\" id=\"_18c4c0cd-b71e-4d05-971f-6700fd65004f\"><tr><td></td><td></td><td class=\"c n xb1c y215f w5d1 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 lse4 ws15d\">As<span class=\"_ _7\"></span>set fo<span class=\"_ _7\"></span>r rem<span class=\"_ _7\"></span>ain<span class=\"_ _7\"></span>ing c<span class=\"_ _7\"></span>overa<span class=\"_ _7\"></span>ge<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xb1d y215f w5d2 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Asset for incurr<span class=\"_ _9\"></span>ed claims<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x41d h44 y2160 ff5f fs28 fc2 sc0 lsed ws139\">ARC ex<span class=\"_ _9\"></span>cluding </td><td class=\"t m0 x490 h44 y2160 ff5f fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>ss </td><td class=\"t m0 x99e h44 y2160 ff5f fs28 fc2 sc0 lse6 ws138\">Estimates o<span class=\"_ _9\"></span>f </td><td class=\"t m0 x99f h44 y2160 ff5f fs28 fc2 sc0 lse6 ws138\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 xb1e h44 y2161 ff5f fs28 fc2 sc0 lsa0 ws1e0\">loss r<span class=\"_ _9\"></span>ecovery<span class=\"_ _304\"> </span></td><td class=\"t m0 xb1f h44 y2161 ff5f fs28 fc2 sc0 ls174 ws23e\">recove<span class=\"_ _7\"></span>ry<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a1 h44 y2161 ff5f fs28 fc2 sc0 lse4 ws15d\">pre<span class=\"_ _7\"></span>se<span class=\"_ _7\"></span>nt val<span class=\"_ _7\"></span>ue of </td><td class=\"t m0 x99f h44 y2161 ff5f fs28 fc2 sc0 ls10a ws15e\">for non-<span class=\"_ _9\"></span>financial </td><td></td></tr><tr><td></td><td class=\"t m0 xb20 h44 y2162 ff5f fs28 fc2 sc0 ls10a ws15c\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x25d h44 y2162 ff5f fs28 fc2 sc0 ls10a ws15c\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x5a0 h44 y2162 ff5f fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>low<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a3 h44 y2162 ff5f fs28 fc2 sc0 lse6 ws12d\">risk<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y2163 ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y2164 ff5f fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dece<span class=\"_ _7\"></span>mber 2022<span class=\"_ _304\"> </span></td><td class=\"t m0 xa7a h44 y2164 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a5 h44 y2164 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a6 h44 y2164 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a7 h44 y2164 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y2165 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1fe9 w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x9a8 y1fe9 w5d3 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb21 y1fe9 w3e7 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb22 y1fe9 w5d4 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>616<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb23 y1fe9 w385 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">5<span class=\"_ _7\"></span>03<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb24 y1fe9 w2dc h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">2,856.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fea w4ea h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xa17 y1fea w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa18 y1fea w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa19 y1fea w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1a y1fea w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x81a y1fea w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1feb w531 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xb25 y1feb w5d5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb26 y1feb w7d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb27 y1feb w5d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">2,<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb28 y1feb w385 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">5<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>3.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb29 y1feb w2dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">2,856.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2166 ff5f fs7 fc2 sc0 ls38 ws41\">Cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n the cons<span class=\"_ _7\"></span>olidated in<span class=\"_ _7\"></span>come st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2167 w294 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2a y2167 w5d7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2b y2167 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2c y2167 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f6 y2167 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2d y2167 w5d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(<span class=\"_ _7\"></span>1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2168 ff5f fs7 fc2 sc0 ls3b ws44\">Amounts r<span class=\"_ _9\"></span>ecoverable fr<span class=\"_ _9\"></span>om reinsurers<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1bb he y2169 ff5f fs7 fc2 sc0 ls38 ws41\">Rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s of incur<span class=\"_ _7\"></span>red cla<span class=\"_ _7\"></span>ims and othe<span class=\"_ _7\"></span>r insur<span class=\"_ _7\"></span>ance <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y216a w5d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">ser<span class=\"_ _7\"></span>vice expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2e y216a wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2f y216a w5da h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4.<span class=\"_ _7\"></span>9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb30 y216a w29b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">9<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb31 y216a w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">42.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x78f y216a w5db h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">9<span class=\"_ _7\"></span>59.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y216b ff5f fs7 fc2 sc0 ls38 ws41\">Adjus<span class=\"_ _7\"></span>tments to assets for i<span class=\"_ _7\"></span>ncur<span class=\"_ _7\"></span>red clai<span class=\"_ _7\"></span>ms relatin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2138 w596 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice<span class=\"_ _304\"> </span></div></td><td class=\"c n xa89 y2138 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa8a y2138 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb32 y2138 w5dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb33 y2138 w5dd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb34 y2138 w5de h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y216c ff5f fs7 fc2 sc0 ls38 ws41\">Rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s and rever<span class=\"_ _7\"></span>sals of rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y216d w5df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">on onerous con<span class=\"_ _9\"></span>tracts<span class=\"_ _304\"> </span></div></td><td class=\"c n xb35 y216d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb36 y216d wd4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb37 y216d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb38 y216d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb39 y216d wd4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y216e w4fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s in non-pe<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk of reins<span class=\"_ _7\"></span>urers<span class=\"_ _304\"> </span></div></td><td class=\"c n xade y216e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9d y216e w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xadf y216e w59b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3a y216e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3b y216e w5e0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y216f w5e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">T<span class=\"_ _a\"></span>otal amoun<span class=\"_ _9\"></span>ts reco<span class=\"_ _9\"></span>verable from r<span class=\"_ _9\"></span>einsurers<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3c y216f wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3d y216f w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3e y216f w5e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">916<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3f y216f w5e3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">(<span class=\"_ _2c\"></span>74<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb40 y216f w247 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">838.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2170 w31a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net exp<span class=\"_ _7\"></span>ense f<span class=\"_ _7\"></span>rom reinsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e contracts h<span class=\"_ _7\"></span>eld<span class=\"_ _304\"> </span></div></td><td class=\"c n xb41 y2170 w5d7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb42 y2170 w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb43 y2170 w5e4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">916<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb44 y2170 w3a2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">(<span class=\"_ _2c\"></span>74<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb45 y2170 w1f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(42<span class=\"_ _9\"></span>6.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2171 w5e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance exp<span class=\"_ _7\"></span>ense f<span class=\"_ _7\"></span>rom reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n xb46 y2171 w5e6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(3<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa43 y2171 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb47 y2171 w314 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">(6<span class=\"_ _7\"></span>3.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb48 y2171 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb49 y2171 w29 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _7\"></span>1<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2172 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4a y2172 wbb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4b y2172 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4c y2172 wcd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(66.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4d y2172 w5e7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">(8<span class=\"_ _7\"></span>.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4e y2172 w5e8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>5<span class=\"_ _c\"> </span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2173 w5e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>es in the c<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dated inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n x75c y2173 w5ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(<span class=\"_ _7\"></span>1,<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4f y2173 w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb50 y2173 w121 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">78<span class=\"_ _7\"></span>5.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xb51 y2173 w5eb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb52 y2173 w5ec h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2174 w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n x96f y2174 w5ed h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>22.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x944 y2174 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb53 y2174 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb54 y2174 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb55 y2174 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2175 ff5f fs7 fc2 sc0 ls89 wsfe\">Cash flows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2140 w5c8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Premi<span class=\"_ _7\"></span>um paid<span class=\"_ _304\"> </span></div></td><td class=\"c n xb56 y2140 w1f0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xa26 y2140 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa27 y2140 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa28 y2140 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb57 y2140 w19c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2141 w5ca h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amounts received<span class=\"_ _304\"> </span></div></td><td class=\"c n xb06 y2141 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb07 y2141 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb58 y2141 w5ee h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x97c y2141 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb59 y2141 w5ef h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y212a w55b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>ash flows<span class=\"_ _304\"> </span></div></td><td class=\"c n xa88 y212a w5f0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5a y212a w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5b y212a wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>1.<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5c y212a w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5d y212a w3d1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">24<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2176 w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x98d y2176 w5f1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>8<span class=\"_ _7\"></span>6.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5e y1f86 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5f y1f86 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb60 y1f86 w2e4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">4<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb61 y1f86 w249 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xb12 y1ed8 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb13 y1ed8 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb14 y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb15 y1ed8 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb16 y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w564 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xb62 y1e80 w30c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>86.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb63 y1e80 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xb64 y1e80 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,2<span class=\"_ _7\"></span>82.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb65 y1e80 wb1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">4<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb66 y1e80 w5f2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td></tr></table>20<span class=\"_ _9\"></span>.2 Claims dev<span class=\"_ _9\"></span>elopment tables<span class=\"_ _304\"> </span>The d<span class=\"_ _7\"></span>evelopm<span class=\"_ _7\"></span>ent of insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e liabil<span class=\"_ _7\"></span>ities p<span class=\"_ _7\"></span>rovides a m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>re of the Group\u2019<span class=\"_ _a\"></span>s a<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y to estimate the ul<span class=\"_ _7\"></span>timate cost of cla<span class=\"_ _7\"></span>ims. Th<span class=\"_ _7\"></span>e<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> Grou<span class=\"_ _7\"></span>p anal<span class=\"_ _7\"></span>yses ac<span class=\"_ _7\"></span>tual cla<span class=\"_ _7\"></span>ims devel<span class=\"_ _7\"></span>opme<span class=\"_ _7\"></span>nt compa<span class=\"_ _7\"></span>red with p<span class=\"_ _7\"></span>revious e<span class=\"_ _7\"></span>stimates on a<span class=\"_ _7\"></span>n acci<span class=\"_ _7\"></span>dent yea<span class=\"_ _7\"></span>r basis.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Insurance l<span class=\"_ _9\"></span>iability for incurred claims<span class=\"_ _9\"></span> \u2013 net o<span class=\"_ _9\"></span>f reinsurance<span class=\"_ _304\"> </span>Accident year<span class=\"_ _304\"> </span><table class=\"s w5f3 hd3\" id=\"_8682737c-9bd8-4ba5-9b19-649c65608c59\"><tr><td></td><td class=\"t m0 xb67 h44 y2177 ff5f fs28 fc2 sc0 ls14c ws1f5\">20<span class=\"_ _7\"></span>19<span class=\"_ _304\"> </span></td><td class=\"t m0 xb68 h44 y2177 ff5f fs28 fc2 sc0 lsa1 wsba\">2020<span class=\"_ _304\"> </span></td><td class=\"t m0 x8de h44 y2177 ff5f fs28 fc2 sc0 lse5 ws12b\">20<span class=\"_ _7\"></span>21<span class=\"_ _304\"> </span></td><td class=\"t m0 xb69 h44 y2177 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td><td class=\"t m0 x524 h43 y2177 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y2177 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x5e6 h44 y2178 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6a h44 y2178 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6b h44 y2178 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6c h44 y2178 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6d h43 y2178 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6e h43 y2178 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 he y2179 ff5f fs7 fc2 sc0 ls38 ws41\">Estimate of ultim<span class=\"_ _7\"></span>ate claims c<span class=\"_ _7\"></span>osts as adju<span class=\"_ _7\"></span>sted for foreig<span class=\"_ _7\"></span>n exchange* <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y217a w5f4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">at end of ac<span class=\"_ _7\"></span>cide<span class=\"_ _7\"></span>nt year:<span class=\"_ _304\"> </span></div></td><td class=\"c n xb6f y217a w5f5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls94 wsa9\">1<span class=\"_ _a\"></span>,555.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xb70 y217a w1dd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb71 y217a w5f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _c\"> </span>8<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xb72 y217a w1f9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>51<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb73 y217a w5f7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xb74 y217a w5f8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8,058.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217b w5f9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">one p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d later<span class=\"_ _304\"> </span></div></td><td class=\"c n xb75 y217b w5f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>4<span class=\"_ _c\"> </span>8<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xb76 y217b w5fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"> </span>8<span class=\"_ _c\"> </span>9<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb77 y217b w1f7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xb78 y217b w44e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xb79 y217b w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7a y217b w5fb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">6,3<span class=\"_ _7\"></span>88.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217c w5fc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">two p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>ds later<span class=\"_ _304\"> </span></div></td><td class=\"c n xb6f y217c w1d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">1<span class=\"_ _9\"></span>,40<span class=\"_ _7\"></span>9.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7b y217c w5fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,7<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7c y217c w5fe h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>2<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7d y217c w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7e y217c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7f y217c w21f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217d w5ff h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">three periods lat<span class=\"_ _9\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xb80 y217d w600 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb81 y217d w556 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb82 y217d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb83 y217d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb84 y217d w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb85 y217d w233 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _2c\"></span>,1<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217e w601 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">four periods lat<span class=\"_ _9\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xb86 y217e w1f0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb87 y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb88 y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb89 y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8a y217e w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8b y217e w602 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217f w603 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cur<span class=\"_ _7\"></span>rent estim<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f cu<span class=\"_ _7\"></span>mulative cl<span class=\"_ _7\"></span>aims<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8c y217f w556 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8d y217f w80 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8e y217f w604 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _2c\"> </span>2<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8f y217f w605 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>2<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xb90 y217f w1d4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n xb91 y217f w606 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsab wsc8\">7,<span class=\"_ _8\"></span>5<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>8<span class=\"_ _c\"> </span>.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2180 w607 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cumu<span class=\"_ _7\"></span>lative payme<span class=\"_ _7\"></span>nts to dat<span class=\"_ _9\"></span>e<span class=\"_ _304\"> </span></div></td><td class=\"c n xb92 y2180 w303 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">(9<span class=\"_ _7\"></span>88.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb93 y2180 w99 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb94 y2180 w608 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>8<span class=\"_ _c\"> </span>5<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb95 y2180 w346 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws11c\">(69<span class=\"_ _7\"></span>3.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb96 y2180 w609 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6e ws120\">(303<span class=\"_ _7\"></span>.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb97 y2180 w60a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(3,<span class=\"_ _7\"></span>962.6)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2181 ff5f fs7 fc2 sc0 ls3b ws44\">Net cumula<span class=\"_ _9\"></span>tive liability f<span class=\"_ _9\"></span>or incurred claims \u2013<span class=\"_ _9\"></span> accident years<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20be w60b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws9e\">fr<span class=\"_ _7\"></span>om 201<span class=\"_ _9\"></span>9-2023<span class=\"_ _304\"> </span></div></td><td class=\"c n xb98 y20be w15e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb99 y20be wb1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">5<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa99 y20be w60c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls100 ws14f\">570.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9a y20be w60d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws9b\">829.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9b y20be w60e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9c y20be w13 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsac wsc9\">3,<span class=\"_ _7\"></span>575<span class=\"_ _7\"></span>.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2182 ff5f fs7 fc2 sc0 ls6d ws44\">Net cumula<span class=\"_ _9\"></span>tive liabil<span class=\"_ _9\"></span>it<span class=\"_ _7\"></span>y f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> in respect of<span class=\"_ _9\"></span> accident <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2183 w60f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws41\">year<span class=\"_ _7\"></span>s before 20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9d y2183 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9e y2183 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9f y2183 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba0 y2183 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba1 y2183 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba2 y2183 w610 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsac wsc9\">7<span class=\"_ _7\"></span>75<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f8d w611 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Effect of discount<span class=\"_ _9\"></span>ing<span class=\"_ _304\"> </span></div></td><td class=\"c n xba3 y1f8d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba4 y1f8d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba5 y1f8d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba6 y1f8d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba7 y1f8d w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba8 y1f8d w612 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _8\"></span>319<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w613 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al Group l<span class=\"_ _7\"></span>iabilit<span class=\"_ _7\"></span>y for inc<span class=\"_ _7\"></span>urre<span class=\"_ _7\"></span>d claims to ex<span class=\"_ _7\"></span>ternal p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ties in<span class=\"_ _7\"></span>cluded i<span class=\"_ _7\"></span>n balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et \u2013 net<span class=\"_ _304\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n xba9 y1e80 w152 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls75 ws11a\">4,03<span class=\"_ _7\"></span>2.5<span class=\"_ _304\"> </span></div></td></tr></table>*T<span class=\"_ _7\"></span>he fore<span class=\"_ _7\"></span>ign e<span class=\"_ _7\"></span>xcha<span class=\"_ _7\"></span>nge ad<span class=\"_ _7\"></span>jus<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt ar<span class=\"_ _7\"></span>ise<span class=\"_ _7\"></span>s from t<span class=\"_ _7\"></span>he retr<span class=\"_ _7\"></span>ans<span class=\"_ _7\"></span>lati<span class=\"_ _7\"></span>on of the e<span class=\"_ _7\"></span>sti<span class=\"_ _7\"></span>mates a<span class=\"_ _7\"></span>t eac<span class=\"_ _7\"></span>h date us<span class=\"_ _7\"></span>ing th<span class=\"_ _7\"></span>e excha<span class=\"_ _7\"></span>nge r<span class=\"_ _7\"></span>ate ru<span class=\"_ _7\"></span>ling a<span class=\"_ _7\"></span>t 3<span class=\"_ _9\"></span>1<span class=\"_ gs9d8\"> </span><span class=\"_ _9\"></span>Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er<span class=\"_ gs9d8\"> </span><span class=\"_ _9\"></span>2023.<span class=\"_ _304\"> </span> Th<span class=\"_ _7\"></span>e tab<span class=\"_ _7\"></span>le ab<span class=\"_ _7\"></span>ove exclu<span class=\"_ _7\"></span>de<span class=\"_ _7\"></span>s rein<span class=\"_ _7\"></span>sur<span class=\"_ _7\"></span>anc<span class=\"_ _7\"></span>e rec<span class=\"_ _7\"></span>over<span class=\"_ _7\"></span>ies re<span class=\"_ _7\"></span>late<span class=\"_ _7\"></span>d to the retr<span class=\"_ _7\"></span>oact<span class=\"_ _7\"></span>ive re<span class=\"_ _7\"></span>insu<span class=\"_ _7\"></span>ran<span class=\"_ _7\"></span>ce co<span class=\"_ _7\"></span>ntra<span class=\"_ _7\"></span>cts, fo<span class=\"_ _7\"></span>r exam<span class=\"_ _7\"></span>ple l<span class=\"_ _7\"></span>ega<span class=\"_ _7\"></span>cy po<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>fol<span class=\"_ _7\"></span>io tra<span class=\"_ _7\"></span>nsf<span class=\"_ _7\"></span>er ar<span class=\"_ _7\"></span>ran<span class=\"_ _7\"></span>gem<span class=\"_ _7\"></span>ent<span class=\"_ _7\"></span>s whe<span class=\"_ _7\"></span>re the<span class=\"_ _304\"> </span> fina<span class=\"_ _7\"></span>nc<span class=\"_ _7\"></span>ial ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct of th<span class=\"_ _7\"></span>e und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>lyi<span class=\"_ _7\"></span>ng cl<span class=\"_ _7\"></span>aim<span class=\"_ _7\"></span>s is sti<span class=\"_ _7\"></span>ll unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>in. T<span class=\"_ _7\"></span>hes<span class=\"_ _7\"></span>e are in<span class=\"_ _7\"></span>clu<span class=\"_ _7\"></span>ded i<span class=\"_ _7\"></span>n the re<span class=\"_ _7\"></span>ins<span class=\"_ _7\"></span>ura<span class=\"_ _7\"></span>nce c<span class=\"_ _7\"></span>ontr<span class=\"_ _7\"></span>act as<span class=\"_ _7\"></span>set f<span class=\"_ _7\"></span>or rem<span class=\"_ _7\"></span>ain<span class=\"_ _7\"></span>ing c<span class=\"_ _7\"></span>overa<span class=\"_ _7\"></span>ge.<span class=\"_ _304\"> </span>(b<span class=\"_ _9\"></span>) Insurance liability f<span class=\"_ _9\"></span>or incurred claims \u2013<span class=\"_ _9\"></span> gross<span class=\"_ _304\"> </span>Accident year<span class=\"_ _304\"> </span><table class=\"s w614 hd4\" id=\"_4e8c24b5-15f8-4227-a1c4-2fc72ff9358b\"><tr><td></td><td class=\"t m0 xb67 h44 y2184 ff5f fs28 fc2 sc0 ls14c ws1f5\">20<span class=\"_ _7\"></span>19<span class=\"_ _304\"> </span></td><td class=\"t m0 xb68 h44 y2184 ff5f fs28 fc2 sc0 lsa1 wsba\">2020<span class=\"_ _304\"> </span></td><td class=\"t m0 x8de h44 y2184 ff5f fs28 fc2 sc0 lse5 ws12b\">20<span class=\"_ _7\"></span>21<span class=\"_ _304\"> </span></td><td class=\"t m0 xb69 h44 y2184 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td><td class=\"t m0 x524 h43 y2184 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y2184 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x5e6 h44 y2185 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6a h44 y2185 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6b h44 y2185 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6c h44 y2185 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6d h43 y2185 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6e h43 y2185 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 he y2186 ff5f fs7 fc2 sc0 ls38 ws41\">Estimate of ultim<span class=\"_ _7\"></span>ate claims c<span class=\"_ _7\"></span>osts as adju<span class=\"_ _7\"></span>sted for foreig<span class=\"_ _7\"></span>n exchange* <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y217a w5f4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">at end of ac<span class=\"_ _7\"></span>cide<span class=\"_ _7\"></span>nt year:<span class=\"_ _304\"> </span></div></td><td class=\"c n xbaa y217a w615 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>8<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbab y217a w616 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">3,<span class=\"_ _7\"></span>26<span class=\"_ _7\"></span>9.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbac y217a w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>55<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xbad y217a w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>2.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbae y217a w17 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbaf y217a w617 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>,15<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2187 w5f9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">one p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d later<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb0 y2187 w618 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls94 wsa9\">2,555<span class=\"_ _9\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbab y2187 w619 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6d wsc4\">3,2<span class=\"_ _9\"></span>35.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb1 y2187 w61a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">2,43<span class=\"_ _7\"></span>9.<span class=\"_ _a\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb2 y2187 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>52<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb3 y2187 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb4 y2187 w61b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2188 w5fc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">two p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>ds later<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb5 y2188 w61c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>39<span class=\"_ _8\"></span>0.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb6 y2188 w61d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">3,0<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>8.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb7 y2188 w575 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>275.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb8 y2188 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb3 y2188 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb9 y2188 wc5 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsab wsc8\">7,<span class=\"_ _7\"></span>7<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>4<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217d w5ff h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">three periods lat<span class=\"_ _9\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xbba y217d w511 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbb y217d w2dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">2,986.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbc y217d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbd y217d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbe y217d w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbf y217d w13e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">5<span class=\"_ _9\"></span>,352<span class=\"_ _9\"></span>.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217e w601 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">four periods lat<span class=\"_ _9\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc0 y217e w61e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc1 y217e w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x4bb y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc2 y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc3 y217e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc4 y217e w61f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>313<span class=\"_ _8\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2189 w603 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cur<span class=\"_ _7\"></span>rent estim<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f cu<span class=\"_ _7\"></span>mulative cl<span class=\"_ _7\"></span>aims<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc5 y2189 w620 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">2,<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc6 y2189 w77 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">2<span class=\"_ _9\"></span>,98<span class=\"_ _7\"></span>6.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc7 y2189 w575 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">2,<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>75.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc8 y2189 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>52<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc9 y2189 w17 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbca y2189 w621 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">12<span class=\"_ _9\"></span>,0<span class=\"_ _7\"></span>94.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y218a w607 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cumu<span class=\"_ _7\"></span>lative payme<span class=\"_ _7\"></span>nts to dat<span class=\"_ _9\"></span>e<span class=\"_ _304\"> </span></div></td><td class=\"c n xbcb y218a w34e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(<span class=\"_ _7\"></span>1,<span class=\"_ _7\"></span>8<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbcc y218a w622 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>013<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbcd y218a w623 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbce y218a w624 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7b ws87\">(923.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbcf y218a w288 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(<span class=\"_ _7\"></span>34<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd0 y218a w4f1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">(6,398.3<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y218b ff5f fs7 fc2 sc0 ls3b ws44\">Gross cumula<span class=\"_ _9\"></span>tive liability f<span class=\"_ _9\"></span>or incurred claims \u2013<span class=\"_ _9\"></span> accident years<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20be w60b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws9e\">fr<span class=\"_ _7\"></span>om 201<span class=\"_ _9\"></span>9-2023<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd1 y20be w625 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls168 ws224\">513<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd2 y20be w12e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">9<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd3 y20be w2e4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">9<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd4 y20be w626 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls83 ws11d\">1<span class=\"_ _9\"></span>,598.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd5 y20be w17 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd6 y20be w12 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">5,6<span class=\"_ _7\"></span>96.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y218c ff5f fs7 fc2 sc0 ls6d ws44\">Gross cumula<span class=\"_ _9\"></span>tive liability f<span class=\"_ _9\"></span>or incurred claims i<span class=\"_ _9\"></span>n respect of a<span class=\"_ _9\"></span>ccident <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y218d w60f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws41\">year<span class=\"_ _7\"></span>s before 20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9d y218d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9e y218d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9f y218d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba0 y218d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba1 y218d w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd7 y218d w3c0 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">998.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f8d w611 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Effect of discount<span class=\"_ _9\"></span>ing<span class=\"_ _304\"> </span></div></td><td class=\"c n xba3 y1f8d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba4 y1f8d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba5 y1f8d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba6 y1f8d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba7 y1f8d w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd8 y1f8d w1c4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>5.<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w627 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al Group l<span class=\"_ _7\"></span>iabilit<span class=\"_ _7\"></span>y for inc<span class=\"_ _7\"></span>urre<span class=\"_ _7\"></span>d claims to ex<span class=\"_ _7\"></span>ternal p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ties in<span class=\"_ _7\"></span>cluded i<span class=\"_ _7\"></span>n balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et \u2013 gros<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n xbd9 y1e80 w1d1 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls15d ws211\">6<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>24<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr></table>*T<span class=\"_ _7\"></span>he fore<span class=\"_ _7\"></span>ign e<span class=\"_ _7\"></span>xcha<span class=\"_ _7\"></span>nge ad<span class=\"_ _7\"></span>jus<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt ar<span class=\"_ _7\"></span>ise<span class=\"_ _7\"></span>s from t<span class=\"_ _7\"></span>he retr<span class=\"_ _7\"></span>ans<span class=\"_ _7\"></span>lati<span class=\"_ _7\"></span>on of the e<span class=\"_ _7\"></span>sti<span class=\"_ _7\"></span>mates a<span class=\"_ _7\"></span>t eac<span class=\"_ _7\"></span>h date us<span class=\"_ _7\"></span>ing th<span class=\"_ _7\"></span>e excha<span class=\"_ _7\"></span>nge r<span class=\"_ _7\"></span>ate ru<span class=\"_ _7\"></span>ling a<span class=\"_ _7\"></span>t 3<span class=\"_ _9\"></span>1<span class=\"_ gs9d8\"> </span><span class=\"_ _9\"></span>Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er<span class=\"_ gs9d8\"> </span><span class=\"_ _9\"></span>2023.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReconciliationOfChangesInInsuranceContractsByComponentsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-478": {
   "value": "20 Insurance liabilities<span class=\"_ _9\"></span> and reinsurance contract <table class=\"s w4db ha3\" id=\"_77f4e83b-f0d9-4ddb-a295-ad39258ab9ba\"><tr><td></td><td class=\"t m0 x1fb h43 y2039 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2039 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y20b3 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y20b3 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w1bd h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance cont<span class=\"_ _9\"></span>ract liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n x91a y1f86 wa5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,60<span class=\"_ _7\"></span>4.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x91b y1f86 w4dc h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">6,6<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w220 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Reinsurance cont<span class=\"_ _9\"></span>ract held asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x91c y1e8e w4dd h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(2,<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>98<span class=\"_ _7\"></span>.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x91d y1e8e w4de h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"> </span>2<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w4df h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Net insurance<span class=\"_ _9\"></span> contract l<span class=\"_ _9\"></span>iabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x91e y1e80 w4e0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">4<span class=\"_ _7\"></span>,5<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>5.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x91f y1e80 w4e1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _2c\"></span>,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td></tr></table>Deta<span class=\"_ _7\"></span>iled re<span class=\"_ _7\"></span>conci<span class=\"_ _7\"></span>liations of c<span class=\"_ _7\"></span>hange<span class=\"_ _7\"></span>s in insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e contract b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ces du<span class=\"_ _7\"></span>ring the ye<span class=\"_ _7\"></span>ar are in<span class=\"_ _7\"></span>clude<span class=\"_ _7\"></span>d below in n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>e 20.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The a<span class=\"_ _7\"></span>nal<span class=\"_ _7\"></span>ysis of cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>s disclo<span class=\"_ _7\"></span>sed at a co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated level in lin<span class=\"_ _7\"></span>e with how the G<span class=\"_ _7\"></span>roup ma<span class=\"_ _7\"></span>nages a<span class=\"_ _7\"></span>nd mon<span class=\"_ _7\"></span>itors the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet. Fur<span class=\"_ _7\"></span>ther de<span class=\"_ _7\"></span>tails rel<span class=\"_ _7\"></span>ated t<span class=\"_ _9\"></span>o ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s in the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated incom<span class=\"_ _7\"></span>e statement by se<span class=\"_ _7\"></span>gme<span class=\"_ _7\"></span>ntal repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting are di<span class=\"_ _7\"></span>sclose<span class=\"_ _7\"></span>d in note 4<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>20<span class=\"_ _9\"></span>.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>(<span class=\"_ _9\"></span>a) Net<span class=\"_ _9\"></span> insurance cont<span class=\"_ _9\"></span>ract liabilities<span class=\"_ _304\"> </span>Net ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts \u2013 anal<span class=\"_ _7\"></span>ysis by rema<span class=\"_ _7\"></span>ining c<span class=\"_ _7\"></span>overage an<span class=\"_ _7\"></span>d incur<span class=\"_ _7\"></span>red cla<span class=\"_ _7\"></span>ims<span class=\"_ _304\"> </span><table class=\"s w4e2 hcd\" id=\"_6d3ec1c0-bac4-4b22-b4de-e611925ceedb\"><tr><td></td><td></td><td class=\"c n x920 y20cb w4e3 h9a\"><div class=\"t m0 x1b6 h43 y20ca ff64 fs28 fc2 sc0 lse4 ws15d\">Ne<span class=\"_ _7\"></span>t liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>ies f<span class=\"_ _7\"></span>or re<span class=\"_ _7\"></span>mai<span class=\"_ _7\"></span>ning c<span class=\"_ _7\"></span>over<span class=\"_ _7\"></span>age<span class=\"_ _304\"> </span></div></td><td class=\"c n x921 y20cb w4e4 h9a\"><div class=\"t m0 x1b6 h43 y20ca ff64 fs28 fc2 sc0 lse4 ws15d\">N<span class=\"_ _7\"></span>et lia<span class=\"_ _7\"></span>bil<span class=\"_ _7\"></span>itie<span class=\"_ _7\"></span>s for i<span class=\"_ _7\"></span>ncu<span class=\"_ _7\"></span>rre<span class=\"_ _7\"></span>d cla<span class=\"_ _7\"></span>ims<span class=\"_ _304\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x922 h43 y20cc ff64 fs28 fc2 sc0 lsf0 ws1b9\">Excluding<span class=\"_ _304\"> </span></td><td class=\"t m0 x464 h43 y20cc ff64 fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>s<span class=\"_ _7\"></span>s </td><td class=\"t m0 x522 h43 y20cc ff64 fs28 fc2 sc0 ls10a ws15e\">Estimates<span class=\"_ _9\"></span> of </td><td class=\"t m0 x923 h43 y20cc ff64 fs28 fc2 sc0 ls7c wsdf\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 x924 h43 y20cd ff64 fs28 fc2 sc0 lse6 ws138\">loss component<span class=\"_ _304\"> </span></td><td class=\"t m0 x925 h43 y20cd ff64 fs28 fc2 sc0 lse6 ws12d\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e5 h43 y20cd ff64 fs28 fc2 sc0 lsf0 ws13c\">present value of<span class=\"_ _9\"></span> </td><td class=\"t m0 x926 h43 y20cd ff64 fs28 fc2 sc0 lse6 ws138\">for non-financial<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 x927 h43 y20ce ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e3 h43 y20ce ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x928 h43 y20ce ff64 fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>lows<span class=\"_ _304\"> </span></td><td class=\"t m0 x51d h43 y20ce ff64 fs28 fc2 sc0 ls7c ws98\">risk<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y20cf ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 h25 y20d0 ff64 fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2023<span class=\"_ _304\"> </span></td><td></td><td></td><td class=\"t m0 x929 h43 y20d0 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e8 h43 y20d0 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y20d1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y20d2 w4e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x92a y20d2 w4e6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">1<span class=\"_ _9\"></span>86.8*<span class=\"_ _304\"> </span></div></td><td class=\"c n x92b y20d2 w2d3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x92c y20d2 w4e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x92d y20d2 w4e8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x92e y20d2 w4e9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20d3 w4ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x92f y20d3 w377 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x930 y20d3 w3f6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x931 y20d3 w4eb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x932 y20d3 w14e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x933 y20d3 wa5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,69<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20d4 w4ec h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n x934 y20d4 w4ed h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls140 ws226\">4<span class=\"_ _7\"></span>74<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x935 y20d4 w41c h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x936 y20d4 w4ee h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">3<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x937 y20d4 w4ef h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">2<span class=\"_ _9\"></span>46.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x938 y20d4 w4f0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">4<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>7<span class=\"_ _8\"></span>7.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y20d5 ff64 fs7 fc2 sc0 ls7c ws89\">Changes in the consolidated income statement<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x203 he y20d6 ff5f fs7 fc2 sc0 ls38 ws41\">Insu<span class=\"_ _7\"></span>rance reve<span class=\"_ _7\"></span>nue, net of allo<span class=\"_ _7\"></span>cation <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x203 he y20d7 ff5f fs7 fc2 sc0 ls39 ws43\">of r<span class=\"_ _9\"></span>einsurance premiums<span class=\"_ _304\"> </span></td><td class=\"c n x939 y20d8 w4f1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6e ws120\">(3,3<span class=\"_ _7\"></span>63.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x93a y20d8 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x93b y20d8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x93c y20d8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x93d y20d8 w4f2 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6e ws120\">(3<span class=\"_ _7\"></span>,363<span class=\"_ _7\"></span>.8)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y20d9 ff64 fs7 fc2 sc0 ls38 ws41\">Insu<span class=\"_ _7\"></span>rance s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vice exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s, net of am<span class=\"_ _7\"></span>ounts <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x203 h25 y20da ff64 fs7 fc2 sc0 ls39 ws43\">recov<span class=\"_ _9\"></span>erable from reinsurers<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20db w4f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other at<span class=\"_ _7\"></span>tribut<span class=\"_ _7\"></span>able exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x93e y20db wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x93f y20db w4f4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _c\"> </span>7.<span class=\"_ _8\"></span>7<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x940 y20db w1cf h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x941 y20db w230 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">72.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x942 y20db w4f5 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2,0<span class=\"_ _7\"></span>27<span class=\"_ _a\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20dc w307 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _304\"> </span></div></td><td class=\"c n x943 y20dc w1cf h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x944 y20dc w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x945 y20dc w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x946 y20dc w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x947 y20dc w16f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y20dd ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ments t<span class=\"_ _9\"></span>o liabilities f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20de w4f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o pa<span class=\"_ _7\"></span>st ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce<span class=\"_ _304\"> </span></div></td><td class=\"c n x948 y20de wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x949 y20de w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x94a y20de w4f7 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>17<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x94b y20de w4f8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x94c y20de w4f9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(203<span class=\"_ _7\"></span>.6)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20df w4fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Loss<span class=\"_ _7\"></span>es and reve<span class=\"_ _7\"></span>rsal<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s on one<span class=\"_ _7\"></span>rous contr<span class=\"_ _7\"></span>acts<span class=\"_ _304\"> </span></div></td><td class=\"c n x94d y20df w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x94e y20df w4fb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x94f y20df w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x950 y20df w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x951 y20df w4fc h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e0 w4fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s in non-pe<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk of reins<span class=\"_ _7\"></span>urers<span class=\"_ _304\"> </span></div></td><td class=\"c n x952 y20e0 wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x953 y20e0 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x954 y20e0 w108 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x955 y20e0 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x956 y20e0 w108 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e1 w4fe h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal net insurance service expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n x957 y20e1 w4ff h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x958 y20e1 w179 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls74 ws82\">5.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x959 y20e1 w500 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">1<span class=\"_ _9\"></span>,7<span class=\"_ _7\"></span>78<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x95a y20e1 w501 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">48.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x95b y20e1 w1f7 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2,871<span class=\"_ _9\"></span>.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e2 w29f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c ws45\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n x95c y20e2 w502 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls15d ws211\">(2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>24.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x95d y20e2 w68 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls74 ws82\">5.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x95e y20e2 w503 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">1,77<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x95f y20e2 w203 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">48.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x960 y20e2 w2de h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">(492<span class=\"_ _9\"></span>.3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e3 w504 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance (i<span class=\"_ _7\"></span>ncom<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>)/<span class=\"_ _9\"></span>expe<span class=\"_ _7\"></span>nses f<span class=\"_ _7\"></span>rom insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts<span class=\"_ _304\"> </span></div></td><td class=\"c n x961 y20e3 w505 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x962 y20e3 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x963 y20e3 w506 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">1<span class=\"_ _a\"></span>48.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x964 y20e3 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x965 y20e3 w426 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e4 w2bb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net for<span class=\"_ _9\"></span>eign ex<span class=\"_ _9\"></span>change losses<span class=\"_ _304\"> </span></div></td><td class=\"c n x966 y20e4 w507 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x967 y20e4 wee h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x968 y20e4 w17b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">52.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x729 y20e4 wa3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"> </span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x969 y20e4 w215 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">80.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e5 w508 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal change recognised in compr<span class=\"_ _9\"></span>ehensive income<span class=\"_ _304\"> </span></div></td><td class=\"c n x96a y20e5 w509 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lseb ws136\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>313<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x96b y20e5 w2e7 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">5.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x96c y20e5 w235 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x96d y20e5 w2aa h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">5<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x96e y20e5 w428 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">(272.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e6 w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n x96f y20e6 w50b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">31.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x970 y20e6 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x971 y20e6 w50c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x972 y20e6 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x973 y20e6 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e7 w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n x974 y20e7 w50e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>258.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x975 y20e7 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x976 y20e7 w50f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x977 y20e7 w3ef h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x978 y20e7 w297 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>42.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y20e8 ff64 fs7 fc2 sc0 ls38 ws41\">Net c<span class=\"_ _7\"></span>ash flows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20e9 w510 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Net pr<span class=\"_ _9\"></span>emium receiv<span class=\"_ _9\"></span>ed<span class=\"_ _304\"> </span></div></td><td class=\"c n x979 y20e9 w511 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x97a y20e9 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97b y20e9 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97c y20e9 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97d y20e9 w512 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>3<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ea w513 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce expe<span class=\"_ _7\"></span>nses pa<span class=\"_ _7\"></span>id<span class=\"_ _304\"> </span></div></td><td class=\"c n x97e y20ea wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97f y20ea w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x980 y20ea w514 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3e ws162\">(988.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x981 y20eb w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x982 y20eb w515 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3e ws162\">(988.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ec w516 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance acqui<span class=\"_ _9\"></span>sition cash flo<span class=\"_ _9\"></span>ws<span class=\"_ _304\"> </span></div></td><td class=\"c n x983 y20ec w517 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(806.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n x984 y20ec w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x985 y20ec w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x986 y20ec w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x987 y20ec w518 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(8<span class=\"_ _7\"></span>06.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed4 w519 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows<span class=\"_ _304\"> </span></div></td><td class=\"c n x988 y1ed4 w51a h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x989 y1ed4 w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x98a y1ed4 w51b h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3e ws162\">(988.5<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x98b y1ed4 w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x98c y1ed4 w1cf h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f7e w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x98d y1f7e w51d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>8.8*<span class=\"_ _304\"> </span></div></td><td class=\"c n x98e y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x98f y1f7e w51e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x990 y1f7e w51f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsd4 wsfa\">(<span class=\"_ _7\"></span>520.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x991 y1f7e w520 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(2,<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>98<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f8d w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n x992 y1f8d w522 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls94 wsa9\">346.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x993 y1f8d w1f3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x994 y1f8d w523 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">5,427<span class=\"_ _a\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x995 y1f8d w361 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x996 y1f8d wa5 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,6<span class=\"_ _7\"></span>04.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w524 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n x997 y1e80 w525 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">46<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x998 y1e80 wa3 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x999 y1e80 w526 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">3<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>31.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x99a y1e80 w21c h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">3<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x99b y1e80 w4ee h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">4<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr></table>\u2020<span class=\"_ _304\"> </span>*In<span class=\"_ _7\"></span>clu<span class=\"_ _7\"></span>des L<span class=\"_ _7\"></span>PT AR<span class=\"_ _7\"></span>C gros<span class=\"_ _7\"></span>s of pre<span class=\"_ _7\"></span>miu<span class=\"_ _7\"></span>m payab<span class=\"_ _7\"></span>le<span class=\"_ _7\"></span>s of $53<span class=\"_ _7\"></span>4.<span class=\"_ _a\"></span>1 mil<span class=\"_ _7\"></span>lion a<span class=\"_ _7\"></span>t 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>ce<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 2022 an<span class=\"_ _7\"></span>d $532.3 mi<span class=\"_ _7\"></span>llio<span class=\"_ _7\"></span>n at 31 Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er 2023.<span class=\"_ _304\"> </span>\u2020<span class=\"_ _304\"> </span>Inc<span class=\"_ _7\"></span>lud<span class=\"_ _7\"></span>es a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>atio<span class=\"_ _7\"></span>n of LP<span class=\"_ _7\"></span>T prem<span class=\"_ _7\"></span>ium of $<span class=\"_ _7\"></span>61<span class=\"_ _a\"></span>.7 mil<span class=\"_ _7\"></span>lio<span class=\"_ _7\"></span>n.<span class=\"_ _304\"> </span><table class=\"s w527 hce\" id=\"_a046e32e-43b5-4dfb-9856-f4b1e0fcb355\"><tr><td></td><td></td><td class=\"c n x99c y20ed w528 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Net liabilit<span class=\"_ _9\"></span>ies for remaining<span class=\"_ _9\"></span> coverage<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n x99d y20ed w529 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Net liabilities<span class=\"_ _9\"></span> for incurred<span class=\"_ _9\"></span> claims<span class=\"_ _304\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x99e h44 y20ee ff5f fs28 fc2 sc0 lse6 ws138\">Estimates o<span class=\"_ _9\"></span>f </td><td></td><td class=\"t m0 x99f h44 y20ee ff5f fs28 fc2 sc0 lse6 ws138\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x9a0 h44 y20ef ff5f fs28 fc2 sc0 lsed ws17b\">Excluding<span class=\"_ _304\"> </span></td><td class=\"t m0 x490 h44 y20ef ff5f fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>ss </td><td class=\"t m0 x9a1 h44 y20ef ff5f fs28 fc2 sc0 lse4 ws15d\">pre<span class=\"_ _7\"></span>se<span class=\"_ _7\"></span>nt val<span class=\"_ _7\"></span>ue of </td><td></td><td class=\"t m0 x99f h44 y20ef ff5f fs28 fc2 sc0 ls10a ws15e\">for non-<span class=\"_ _9\"></span>financial </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x9a2 h44 y20f0 ff5f fs28 fc2 sc0 ls10a ws15e\">loss component<span class=\"_ _304\"> </span></td><td class=\"t m0 x25d h44 y20f0 ff5f fs28 fc2 sc0 ls10a ws15c\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x5a0 h44 y20f0 ff5f fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>low<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x9a3 h44 y20f0 ff5f fs28 fc2 sc0 lse6 ws12d\">risk<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x1b1 h44 y20f1 ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y20f2 ff5f fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dece<span class=\"_ _7\"></span>mber 2022<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a4 h44 y20f2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a5 h44 y20f2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a6 h44 y20f2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x9a7 h44 y20f2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x1b5 h44 y20f3 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y20f4 w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x9a8 y20f4 w52a h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>*<span class=\"_ _304\"> </span></div></td><td class=\"c n x9a9 y20f4 w362 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9aa y20f4 w52b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">(<span class=\"_ _7\"></span>2,<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ab y20f4 w52c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(5<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>3.4)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ac y20f4 w52d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(2<span class=\"_ _9\"></span>,856.9)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20f5 w4ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x92f y20f5 w377 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ad y20f5 w52e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">1<span class=\"_ _9\"></span>6.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ae y20f5 w237 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">6<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9af y20f5 wd5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">8<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b0 y20f5 w24d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">8<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b1 y20f5 w52f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b2 y20f5 w530 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">6<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20f6 w531 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b3 y20f6 w532 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">39<span class=\"_ _7\"></span>6.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b4 y20f6 w533 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b5 y20f6 w534 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">3,<span class=\"_ _7\"></span>572.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b6 y20f6 w535 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">348.9<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x91b y20f6 w4dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4,3<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y20f7 ff5f fs7 fc2 sc0 ls38 ws41\">Cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n the cons<span class=\"_ _7\"></span>olidated in<span class=\"_ _7\"></span>come st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1bb he y20f8 ff5f fs7 fc2 sc0 ls38 ws41\">Insu<span class=\"_ _7\"></span>rance reve<span class=\"_ _7\"></span>nue, net of allo<span class=\"_ _7\"></span>cation <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1b7 y20fa w536 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">of r<span class=\"_ _9\"></span>einsurance premiums</div><div class=\"t m0 x9b7 h41 y20f9 ff5f fs27 fc2 sc0 ls8 ws4\">\u2020<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b8 y20fb w537 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(3,00<span class=\"_ _7\"></span>8.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b9 y20fb w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ba y20fb w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9bb y20fb w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9bc y20fb w537 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(3,00<span class=\"_ _7\"></span>8.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y20fc ff5f fs7 fc2 sc0 ls39 ws43\">Insurance ser<span class=\"_ _7\"></span>vice expenses,<span class=\"_ _9\"></span> net of amount<span class=\"_ _9\"></span>s <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1bb he y20fd ff5f fs7 fc2 sc0 ls3b ws44\">recov<span class=\"_ _9\"></span>erable from reins<span class=\"_ _9\"></span>urers<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20fe w4f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other at<span class=\"_ _7\"></span>tribut<span class=\"_ _7\"></span>able exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x93e y20fe wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9bd y20fe w538 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9be y20fe w539 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">2<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9bf y20fe w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">32.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c0 y20fe w53a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ff w307 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _304\"> </span></div></td><td class=\"c n x943 y20ff w13f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c1 y20ff w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c2 y20ff w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c3 y20ff w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x5f2 y20ff w13f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2100 ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ments t<span class=\"_ _9\"></span>o liabilities f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2101 w4f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o pa<span class=\"_ _7\"></span>st ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce<span class=\"_ _304\"> </span></div></td><td class=\"c n x948 y2101 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x949 y2101 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x94a y2101 w53b h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">(2<span class=\"_ _9\"></span>58.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c4 y2101 w4e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">(12<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x56d y2101 w53c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">(<span class=\"_ _7\"></span>378.<span class=\"_ _7\"></span>5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2102 w4fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Loss<span class=\"_ _7\"></span>es and reve<span class=\"_ _7\"></span>rsal<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s on one<span class=\"_ _7\"></span>rous contr<span class=\"_ _7\"></span>acts<span class=\"_ _304\"> </span></div></td><td class=\"c n x94d y2102 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c5 y2102 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c6 y2102 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c7 y2102 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c8 y2102 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2103 w4fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s in non-pe<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk of reins<span class=\"_ _7\"></span>urers<span class=\"_ _304\"> </span></div></td><td class=\"c n x952 y2103 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x953 y2103 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c9 y2103 w30f h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ca y2103 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9cb y2103 w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2104 w53d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal n<span class=\"_ _7\"></span>et insura<span class=\"_ _7\"></span>nce se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice ex<span class=\"_ _7\"></span>pens<span class=\"_ _7\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n x9cc y2104 w81 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9cd y2104 w53e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ce y2104 w53f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">1<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>74<span class=\"_ _304\"> </span></div></td><td class=\"c n x9cf y2104 w540 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">0<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d0 y2104 w3e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>8<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9d1 y2104 w541 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>4<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e2 w31e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d2 y20e2 w542 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(2,<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d3 y20e2 w543 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9d4 y20e2 w544 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">1,<span class=\"_ _8\"></span>74<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d5 y20e2 w3e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>8<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9d6 y20e2 w545 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>36<span class=\"_ _7\"></span>0.9)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2105 w546 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance in<span class=\"_ _7\"></span>come/(<span class=\"_ _9\"></span>exp<span class=\"_ _7\"></span>ense) from in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d7 y2105 w484 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">3<span class=\"_ _7\"></span>8.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d8 y2105 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9d9 y2105 w365 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9da y2105 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9db y2105 w547 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _7\"></span>111<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2106 w548 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fore<span class=\"_ _7\"></span>ign exchang<span class=\"_ _7\"></span>e gains<span class=\"_ _304\"> </span></div></td><td class=\"c n x9dc y2106 w549 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(6<span class=\"_ _7\"></span>5.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9dd y2106 w54a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9de y2106 w54b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _c\"> </span>74<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9df y2106 w54c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">(<span class=\"_ _7\"></span>15<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9e0 y2106 w29 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>5<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e5 w54d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal change r<span class=\"_ _9\"></span>ecognise<span class=\"_ _7\"></span>d in<span class=\"_ _9\"></span> comprehensive income<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e1 y20e5 w54e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(2<span class=\"_ _9\"></span>,03<span class=\"_ _7\"></span>0.<span class=\"_ _9\"></span>7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e2 y20e5 w53e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9e3 y20e5 w54f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>6<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e4 y20e5 w550 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(10<span class=\"_ _8\"></span>2.<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9e5 y20e5 w551 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>2<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2107 w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e6 y2107 w33e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">20.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e7 y2107 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9e8 y2107 w552 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(2<span class=\"_ _7\"></span>0.4<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e9 y2107 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ea y2107 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2108 w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n x9eb y2108 w553 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(23<span class=\"_ _7\"></span>5.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ec y2108 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ed y2108 w554 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">(<span class=\"_ _7\"></span>575<span class=\"_ _7\"></span>.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ee y2108 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ef y2108 w555 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2109 ff5f fs7 fc2 sc0 ls38 ws41\">Net ca<span class=\"_ _7\"></span>sh flows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y210a w510 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Net pr<span class=\"_ _9\"></span>emium receiv<span class=\"_ _9\"></span>ed<span class=\"_ _304\"> </span></div></td><td class=\"c n x979 y210a w539 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">3<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x97f y210a w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c6 y210a w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c7 y210a w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f0 y210a w556 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">3<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>9<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y210b w513 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce expe<span class=\"_ _7\"></span>nses pa<span class=\"_ _7\"></span>id<span class=\"_ _304\"> </span></div></td><td class=\"c n x97e y210b wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97f y210b w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f1 y210b w557 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x1ee y20eb w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f2 y20eb w558 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2022 w516 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance acqui<span class=\"_ _9\"></span>sition cash flo<span class=\"_ _9\"></span>ws<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f3 y2022 w559 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(76<span class=\"_ _9\"></span>7<span class=\"_ _e\"></span>.<span class=\"_ _9\"></span>7)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f4 y2022 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f5 y2022 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f6 y2022 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f7 y2022 w55a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(76<span class=\"_ _9\"></span>7<span class=\"_ _e\"></span>.<span class=\"_ _9\"></span>7)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed4 w55b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>ash flows<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f8 y1ed4 w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>32<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f9 y1ed4 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9fa y1ed4 w55c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9fb y1ed4 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9fc y1ed4 w556 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2081 w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x9fd y2081 w55d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">1<span class=\"_ _9\"></span>86.8*<span class=\"_ _304\"> </span></div></td><td class=\"c n x9fe y2081 w55e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">(0.6)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ff y2081 w55f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa00 y2081 w560 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa01 y2081 w561 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>2<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xa02 y1ed8 w562 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa03 y1ed8 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa04 y1ed8 w563 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">5<span class=\"_ _7\"></span>,<span class=\"_ _9\"></span>737<span class=\"_ _a\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa05 y1ed8 w2ba h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">6<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa06 y1ed8 wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">6,6<span class=\"_ _7\"></span>94.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w564 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xa07 y1e80 w565 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">4<span class=\"_ _7\"></span>74<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xa08 y1e80 w40e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa09 y1e80 w200 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">3,<span class=\"_ _9\"></span>454.<span class=\"_ _a\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0a y1e80 w3d1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">24<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa0b y1e80 w566 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _2c\"></span>,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td></tr></table>*In<span class=\"_ _7\"></span>clu<span class=\"_ _7\"></span>des L<span class=\"_ _7\"></span>PT AR<span class=\"_ _7\"></span>C gros<span class=\"_ _7\"></span>s of pre<span class=\"_ _7\"></span>miu<span class=\"_ _7\"></span>m rec<span class=\"_ _7\"></span>eiv<span class=\"_ _7\"></span>abl<span class=\"_ _7\"></span>e $493.0 m<span class=\"_ _7\"></span>illi<span class=\"_ _7\"></span>on at 31 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 20<span class=\"_ _7\"></span>2<span class=\"_ _9\"></span>1 an<span class=\"_ _7\"></span>d $53<span class=\"_ _7\"></span>4.<span class=\"_ _a\"></span>1 mil<span class=\"_ _7\"></span>lio<span class=\"_ _7\"></span>n at 3<span class=\"_ _9\"></span>1 D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 2022.<span class=\"_ _304\"> </span>\u2020<span class=\"_ _304\"> </span>Inc<span class=\"_ _7\"></span>lud<span class=\"_ _7\"></span>es a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>atio<span class=\"_ _7\"></span>n of LP<span class=\"_ _7\"></span>T prem<span class=\"_ _7\"></span>ium of $1<span class=\"_ _9\"></span>8<span class=\"_ _7\"></span>0.8 mill<span class=\"_ _7\"></span>ion.<span class=\"_ _304\"> </span>Prio<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>-year d<span class=\"_ _7\"></span>evelopm<span class=\"_ _7\"></span>ent rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed for the yea<span class=\"_ _7\"></span>r amou<span class=\"_ _7\"></span>nts t<span class=\"_ _9\"></span>o $1<span class=\"_ _a\"></span>22<span class=\"_ _9\"></span>.8 mill<span class=\"_ _7\"></span>ion (2022<span class=\"_ _9\"></span>: $209<span class=\"_ _9\"></span>.4 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>) an<span class=\"_ _7\"></span>d comp<span class=\"_ _7\"></span>rise<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>: <table class=\"s w567 ha1\" id=\"_001a3f05-fbe1-47c9-b8c7-a35c5a7efd28\"><tr><td></td><td class=\"t m0 x26c h43 y210c ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y210c ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y210d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y210d ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c x1b7 y2016 w568 h98\"><div class=\"t m0 x1b6 he y1ee4 ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ment to<span class=\"_ _9\"></span> liabilities f<span class=\"_ _9\"></span>or incurred claims r<span class=\"_ _9\"></span>elating t<span class=\"_ _9\"></span>o past<span class=\"_ _9\"></span> ser<span class=\"_ _7\"></span>vice,<span class=\"_ _304\"> </span></div><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">net of rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce recover<span class=\"_ _7\"></span>ies (on a pre<span class=\"_ _7\"></span>sent-<span class=\"_ _9\"></span>valu<span class=\"_ _7\"></span>e basis)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0c y2016 w1e9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">203<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0d y2016 w121 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">378.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w569 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ment for discoun<span class=\"_ _9\"></span>ting impa<span class=\"_ _9\"></span>ct<span class=\"_ _304\"> </span></div></td><td class=\"c n x70c y1f86 w56a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>9<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0e y1f86 w1df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w56b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ment for LPT<span class=\"_ _9\"></span> premium and e<span class=\"_ _9\"></span>xperie<span class=\"_ _7\"></span>nce adj<span class=\"_ _9\"></span>ustment<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0f y1ed8 w50c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa10 y1ed8 w56c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">(18<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n xa11 y1e80 w426 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa12 y1e80 w3e8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">20<span class=\"_ _7\"></span>9.4<span class=\"_ _304\"> </span></div></td></tr></table>20<span class=\"_ _9\"></span>.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>(b<span class=\"_ _9\"></span>) Insurance<span class=\"_ _9\"></span> contract liabil<span class=\"_ _9\"></span>ities<span class=\"_ _304\"> </span>Insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts \u2013 a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>is by remain<span class=\"_ _7\"></span>ing covera<span class=\"_ _7\"></span>ge and in<span class=\"_ _7\"></span>curre<span class=\"_ _7\"></span>d claim<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span><table class=\"s w56d hcf\" id=\"_b3d17107-8bff-41b0-8280-c82761662aae\"><tr><td></td><td></td><td class=\"c n xa13 y210f w56e h91\"><div class=\"t m0 x1b6 h43 y210e ff64 fs28 fc2 sc0 lsf0 ws13c\">Liabilities for remaining coverage<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa14 y210f w56f h91\"><div class=\"t m0 x1b6 h43 y210e ff64 fs28 fc2 sc0 lsf3 ws1d9\">Liabilities<span class=\"_ _9\"></span> for incurred<span class=\"_ _9\"></span> claims<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 xa15 h43 y2110 ff64 fs28 fc2 sc0 lsf0 ws13c\">LRC excluding<span class=\"_ _9\"></span> </td><td class=\"t m0 x464 h43 y2110 ff64 fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>s<span class=\"_ _7\"></span>s </td><td class=\"t m0 x522 h43 y2110 ff64 fs28 fc2 sc0 ls10a ws15e\">Estimates<span class=\"_ _9\"></span> of </td><td class=\"t m0 x923 h43 y2110 ff64 fs28 fc2 sc0 ls7c wsdf\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 xa16 h43 y2111 ff64 fs28 fc2 sc0 lse6 ws138\">loss component<span class=\"_ _304\"> </span></td><td class=\"t m0 x925 h43 y2111 ff64 fs28 fc2 sc0 lse6 ws12d\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e5 h43 y2111 ff64 fs28 fc2 sc0 lsf0 ws13c\">present value of<span class=\"_ _9\"></span> </td><td class=\"t m0 x926 h43 y2111 ff64 fs28 fc2 sc0 lse6 ws138\">for non-financial<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 x6b5 h43 y2112 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e3 h43 y2112 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x928 h43 y2112 ff64 fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>lows<span class=\"_ _304\"> </span></td><td class=\"t m0 x51d h43 y2112 ff64 fs28 fc2 sc0 ls7c ws98\">risk<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y2113 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 h25 y2114 ff64 fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2023<span class=\"_ _304\"> </span></td><td></td><td></td><td class=\"t m0 x929 h43 y2114 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e8 h43 y2114 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y2115 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1fb6 w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xa17 y1fb6 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa18 y1fb6 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa19 y1fb6 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1a y1fb6 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x81a y1fb6 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2116 w4ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1b y2116 w12e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1c y2116 w3fe h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1d y2116 w570 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"> </span>,<span class=\"_ _8\"></span>7<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1e y2116 w14e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1f y2116 wa5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,69<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1feb w4ec h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xa20 y1feb w12e h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa21 y1feb w3f6 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa22 y1feb w44e h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _2c\"></span>3<span class=\"_ _8\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa23 y1feb w2c2 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _2c\"></span>6<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa24 y1feb w22e h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">6,6<span class=\"_ _7\"></span>94.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y2117 ff64 fs7 fc2 sc0 ls7c ws89\">Changes in the consolidated income statement<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2118 w10 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue<span class=\"_ _304\"> </span></div></td><td class=\"c n xa25 y2118 w571 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">(4,48<span class=\"_ _7\"></span>3.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa26 y2118 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa27 y2118 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa28 y2118 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa29 y2118 w572 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">(<span class=\"_ _9\"></span>4,48<span class=\"_ _7\"></span>3.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y2119 ff64 fs7 fc2 sc0 ls39 ws43\">Insurance ser<span class=\"_ _7\"></span>vice e<span class=\"_ _9\"></span>xpenses<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y211a w4f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other at<span class=\"_ _7\"></span>tribut<span class=\"_ _7\"></span>able exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2a y211a wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2b y211a w4d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(8.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2c y211a w573 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">2<span class=\"_ _9\"></span>,369.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2d y211a w574 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">11<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x258 y211a w575 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">2,<span class=\"_ _7\"></span>47<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y211b w307 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2e y211b w1cf h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ec y211b w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2f y211b w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x891 y211b w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa30 y211b w1cf h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y211c ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ments t<span class=\"_ _9\"></span>o liabilities f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> relating<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td class=\"c n xa31 y211d wc1 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa32 y211d w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa33 y211d w576 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8a wsa0\">(372.<span class=\"_ _7\"></span>9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa34 y211d w2fa h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">3<span class=\"_ _7\"></span>6.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xa35 y211d w1e6 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y211e ff5f fs7 fc2 sc0 ls38 ws41\">to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y211f w4fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Loss<span class=\"_ _7\"></span>es and reve<span class=\"_ _7\"></span>rsal<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s on one<span class=\"_ _7\"></span>rous contr<span class=\"_ _7\"></span>acts<span class=\"_ _304\"> </span></div></td><td class=\"c n xa36 y211f wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa37 y211f w262 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xa38 y211f w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa39 y211f w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x917 y211f w577 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2120 w578 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal insurance service expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3a y2120 w1cf h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3b y2120 w2e7 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3c y2120 w17 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x99a y2120 w224 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls155 ws204\">14<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x97d y2120 w579 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2121 w29f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c ws45\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3d y2121 w57a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls99 ws1d5\">(3,<span class=\"_ _9\"></span>444.2<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3e y2121 w2e7 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3f y2121 w17 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa40 y2121 w224 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls155 ws204\">14<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa41 y2121 w57b h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">(1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2122 w57c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s from ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n xa42 y2122 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa43 y2122 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa44 y2122 w219 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xa45 y2122 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa46 y2122 w219 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2123 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n xa47 y2123 w57d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls15d ws211\">24<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa48 y2123 wee h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa49 y2123 w57e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">73<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4a y2123 w47d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4b y2123 w2ea h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2124 w57f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al chang<span class=\"_ _7\"></span>e in the con<span class=\"_ _7\"></span>solidate<span class=\"_ _7\"></span>d income s<span class=\"_ _7\"></span>tateme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4c y2124 w580 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls16f ws230\">(<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>419<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4d y2124 w38c h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa6 wsc1\">5.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4e y2124 w95 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2,<span class=\"_ _7\"></span>29<span class=\"_ _7\"></span>0.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4f y2124 w581 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">1<span class=\"_ _9\"></span>56.<span class=\"_ _a\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa50 y2124 w582 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>9<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2125 w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n xa51 y2125 w4f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa52 y2125 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa53 y2125 w41a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa54 y2125 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa55 y2125 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdc w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n xa56 y1fdc w50e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(258.<span class=\"_ _9\"></span>0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa57 y1fdc w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa58 y1fdc w583 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">(6<span class=\"_ _7\"></span>93.<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa59 y1fdc w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5a y1fdc w585 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y2126 ff64 fs7 fc2 sc0 ls87 ws9e\">Ca<span class=\"_ _7\"></span>sh fl<span class=\"_ _7\"></span>ows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2127 w586 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Premi<span class=\"_ _7\"></span>um rec<span class=\"_ _7\"></span>eived<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5b y2127 w587 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">4,54<span class=\"_ _7\"></span>3.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5c y2127 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b0 y2127 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x31e y2127 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5d y2127 w2ce h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">4,5<span class=\"_ _7\"></span>43.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2128 w588 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cla<span class=\"_ _7\"></span>ims and othe<span class=\"_ _7\"></span>r insur<span class=\"_ _7\"></span>ance se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e expens<span class=\"_ _7\"></span>es pai<span class=\"_ _7\"></span>d<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5e y2128 wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x975 y2128 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5f y2128 w589 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(1<span class=\"_ _a\"></span>,9<span class=\"_ _7\"></span>08.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa60 y2128 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa61 y2128 w589 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(1<span class=\"_ _a\"></span>,9<span class=\"_ _7\"></span>08.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2129 w516 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance acqui<span class=\"_ _9\"></span>sition cash flo<span class=\"_ _9\"></span>ws<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f3 y2129 w58a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(80<span class=\"_ _7\"></span>6.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa62 y2129 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa63 y2129 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa64 y2129 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa65 y2129 w58a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(80<span class=\"_ _7\"></span>6.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y212a w519 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows<span class=\"_ _304\"> </span></div></td><td class=\"c n xa66 y212a w452 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa67 y207c w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa68 y207c w58b h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>,908.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa69 y207c w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6a y207c w1cf h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f7e w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6b y1f7e wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6c y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6d y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6e y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6f y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fcd w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xa70 y1fcd w58c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls94 wsa9\">3<span class=\"_ _7\"></span>46.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa71 y1fcd w58d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _c\"> </span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa72 y1fcd w58e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">5,427<span class=\"_ _20\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x900 y1fcd w21c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x4bd y1fcd w22e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,6<span class=\"_ _7\"></span>04.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w524 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xa73 y1e80 w522 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls94 wsa9\">346.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x967 y1e80 w1f3 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa74 y1e80 w1f8 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls75 ws11a\">5,42<span class=\"_ _9\"></span>7<span class=\"_ _a\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa75 y1e80 w361 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa76 y1e80 wa5 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">6,6<span class=\"_ _7\"></span>04.0<span class=\"_ _304\"> </span></div></td></tr></table><table class=\"s w58f hd0\" id=\"_a853bac8-7a3d-4811-b697-38c05bd81d49\"><tr><td></td><td></td><td class=\"c n xa77 y212b w590 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Liabilities for<span class=\"_ _9\"></span> remaining cov<span class=\"_ _9\"></span>erage<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xa78 y212b w591 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Liabilities for<span class=\"_ _9\"></span> incurred claims<span class=\"_ _304\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xa79 h44 y212c ff5f fs28 fc2 sc0 ls10a ws15e\">LRC ex<span class=\"_ _9\"></span>cluding </td><td class=\"t m0 x490 h44 y212c ff5f fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>ss </td><td></td><td class=\"t m0 x99e h44 y212c ff5f fs28 fc2 sc0 lse6 ws138\">Estimates o<span class=\"_ _9\"></span>f </td><td class=\"t m0 x99f h44 y212c ff5f fs28 fc2 sc0 lse6 ws138\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x435 h44 y212d ff5f fs28 fc2 sc0 ls10a ws15e\">loss component<span class=\"_ _304\"> </span></td><td class=\"t m0 x25d h44 y212d ff5f fs28 fc2 sc0 ls10a ws15c\">component<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x9a1 h44 y212d ff5f fs28 fc2 sc0 lse4 ws15d\">pre<span class=\"_ _7\"></span>se<span class=\"_ _7\"></span>nt val<span class=\"_ _7\"></span>ue of </td><td class=\"t m0 x99f h44 y212d ff5f fs28 fc2 sc0 ls10a ws15e\">for non-<span class=\"_ _9\"></span>financial </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xa7a h44 y212e ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a5 h44 y212e ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x5a0 h44 y212e ff5f fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>low<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a3 h44 y212e ff5f fs28 fc2 sc0 lse6 ws12d\">risk<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x1b1 h44 y212f ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y2130 ff5f fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dece<span class=\"_ _7\"></span>mber 2022<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td class=\"t m0 x9a6 h44 y2130 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a7 h44 y2130 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x1b5 h44 y2131 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2132 w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xa17 y2132 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa18 y2132 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa19 y2132 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1a y2132 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x81a y2132 w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1feb w4ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1b y1feb w5b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>3<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ad y1feb w52e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">1<span class=\"_ _9\"></span>6.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ae y1feb w237 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">6<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9af y1feb wd5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">8<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b0 y1feb w24d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">8<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b1 y1feb w52f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b2 y1feb w530 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">6<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2133 w531 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xa7b y2133 w5b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>3<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa7c y2133 w52e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">1<span class=\"_ _9\"></span>6.5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa7d y2133 w592 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">6<span class=\"_ _8\"></span>,1<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa7e y2133 w24d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">8<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa7f y2133 w52f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa80 y2133 w530 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">6<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2134 ff5f fs7 fc2 sc0 ls38 ws41\">Cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n the cons<span class=\"_ _7\"></span>olidated in<span class=\"_ _7\"></span>come st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2135 w10 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue<span class=\"_ _304\"> </span></div></td><td class=\"c n xa81 y2135 w593 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4,<span class=\"_ _7\"></span>273<span class=\"_ _7\"></span>.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa82 y2135 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa38 y2135 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa39 y2135 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa83 y2135 w593 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4,<span class=\"_ _7\"></span>273<span class=\"_ _7\"></span>.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2136 w4f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other at<span class=\"_ _7\"></span>tribut<span class=\"_ _7\"></span>able exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2a y2136 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa84 y2136 w594 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa85 y2136 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>92<span class=\"_ _7\"></span>2.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xa86 y2136 w18f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">75<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa87 y2136 wa0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>0.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fef w307 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _304\"> </span></div></td><td class=\"c n xa88 y1fef w595 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5c y1fef w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x5b0 y1fef w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x31e y1fef w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x3ee y1fef w13f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2137 ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ments t<span class=\"_ _9\"></span>o liabilities f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> relating<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2138 w596 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice<span class=\"_ _304\"> </span></div></td><td class=\"c n xa89 y2138 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa8a y2138 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa8b y2138 w597 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(2<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>6.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa8c y2138 w598 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(23<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.5)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa8d y2138 w599 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">(5<span class=\"_ _7\"></span>03.9)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2139 w4fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Loss<span class=\"_ _7\"></span>es and reve<span class=\"_ _7\"></span>rsal<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s on one<span class=\"_ _7\"></span>rous contr<span class=\"_ _7\"></span>acts<span class=\"_ _304\"> </span></div></td><td class=\"c n xa36 y2139 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa8e y2139 w59a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.8<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa8f y2139 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa90 y2139 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa91 y2139 w59b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2120 w59c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal insurance service expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n xa92 y2120 w13f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa93 y2120 w59d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa94 y2120 w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,6<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa95 y2120 w59e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">(16<span class=\"_ _8\"></span>2.<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa96 y2120 w59f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">3,48<span class=\"_ _7\"></span>5.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213a w31e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n xa97 y213a w5a0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>2<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa98 y213a w5a1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa99 y213a w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,6<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9a y213a w5a2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">(16<span class=\"_ _8\"></span>2.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa9b y213a w5a3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>7<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff3 w5a4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance in<span class=\"_ _7\"></span>come f<span class=\"_ _7\"></span>rom insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ontracts<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9c y1ff3 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9d y1ff3 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa9e y1ff3 w309 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9f y1ff3 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa0 y1ff3 w309 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213b w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa1 y213b w41 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4<span class=\"_ _7\"></span>5.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa2 y213b w54a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa3 y213b w5a5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(14<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa4 y213b w5a6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">(2<span class=\"_ _7\"></span>3.0)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa5 y213b w34d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(2<span class=\"_ _7\"></span>09<span class=\"_ _7\"></span>.2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213c w5a7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>e in the con<span class=\"_ _7\"></span>solidated i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa6 y213c w5a8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3,31<span class=\"_ _9\"></span>3.<span class=\"_ _9\"></span>0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa7 y213c w2b1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa8 y213c w5a9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x228 y213c w5aa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">(18<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa9 y213c w5ab h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(<span class=\"_ _7\"></span>1,<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213d w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n xa51 y213d w41d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>2.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x944 y213d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaaa y213d w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xaab y213d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaac y213d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213e w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n xaad y213e w5ac h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(23<span class=\"_ _7\"></span>5.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaae y213e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaaf y213e w5ad h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">(<span class=\"_ _7\"></span>575<span class=\"_ _7\"></span>.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xab0 y213e w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xab1 y213e w5ae h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y213f ff5f fs7 fc2 sc0 ls89 wsfe\">Cash flows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1ff6 w586 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Premi<span class=\"_ _7\"></span>um rec<span class=\"_ _7\"></span>eived<span class=\"_ _304\"> </span></div></td><td class=\"c n xab2 y1ff6 w5af h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsf8 ws146\">4<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>475<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xab3 y1ff6 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xab4 y1ff6 w58a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsf8 ws146\">4,<span class=\"_ _7\"></span>475<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2140 w588 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cla<span class=\"_ _7\"></span>ims and othe<span class=\"_ _7\"></span>r insur<span class=\"_ _7\"></span>ance se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e expens<span class=\"_ _7\"></span>es pai<span class=\"_ _7\"></span>d<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5e y2140 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xab5 y2140 w5b0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(2,<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>79.2)<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n x99b y2140 w5b0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(2,<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>79.2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2141 w516 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance acqui<span class=\"_ _9\"></span>sition cash flo<span class=\"_ _9\"></span>ws<span class=\"_ _304\"> </span></div></td><td class=\"c n xab6 y2141 w5b1 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(7<span class=\"_ _9\"></span>67<span class=\"_ _e\"></span>.<span class=\"_ _9\"></span>7)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xab7 y2141 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xab8 y2141 w559 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(76<span class=\"_ _9\"></span>7<span class=\"_ _e\"></span>.<span class=\"_ _9\"></span>7)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y212a w55b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>ash flows<span class=\"_ _304\"> </span></div></td><td class=\"c n xa88 y212a w5b2 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">3<span class=\"_ _7\"></span>,70<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xab9 y212a w5b0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(2,<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>79.2)<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xaba y212a w5a9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2142 w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6b y2142 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6c y2142 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa6d y2142 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6e y2142 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"t m0 xabb he y2143 ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed8 w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xabc y1ed8 w5b3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xabd y1ed8 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xabe y1ed8 w5b4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">5,737<span class=\"_ _20\"></span>.<span class=\"_ _9\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xabf y1ed8 w5b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">6<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xac0 y1ed8 wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">6,6<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w564 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xac1 y1e80 w18 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xac2 y1e80 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xac3 y1e80 w5b4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">5,737<span class=\"_ _20\"></span>.<span class=\"_ _9\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xac4 y1e80 w5b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">6<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xac5 y1e80 wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">6,6<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr></table>20.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>(<span class=\"_ _9\"></span>c) Reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>t held as<span class=\"_ _7\"></span>sets \u2013 ana<span class=\"_ _7\"></span>lysis by re<span class=\"_ _7\"></span>maini<span class=\"_ _7\"></span>ng coverage a<span class=\"_ _7\"></span>nd incu<span class=\"_ _7\"></span>rred c<span class=\"_ _7\"></span>laims<span class=\"_ _304\"> </span><table class=\"s w5b6 hd1\" id=\"_e110a9d8-980e-4720-a25c-eb60c3cc329d\"><tr><td></td><td></td><td class=\"c n xac6 y2144 w5b7 h91\"><div class=\"t m0 x1b6 h43 y210e ff64 fs28 fc2 sc0 lsf0 ws13c\">Asset for remaining coverage<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xac7 y2144 w5b8 h91\"><div class=\"t m0 x1b6 h43 y210e ff64 fs28 fc2 sc0 lse4 ws15d\">As<span class=\"_ _7\"></span>set fo<span class=\"_ _7\"></span>r inc<span class=\"_ _7\"></span>urr<span class=\"_ _7\"></span>ed cl<span class=\"_ _7\"></span>aim<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 xa15 h43 y2145 ff64 fs28 fc2 sc0 lsf0 ws13c\">ARC excluding<span class=\"_ _9\"></span> </td><td class=\"t m0 x464 h43 y2145 ff64 fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>s<span class=\"_ _7\"></span>s </td><td class=\"t m0 x522 h43 y2145 ff64 fs28 fc2 sc0 ls10a ws15e\">Estimates<span class=\"_ _9\"></span> of </td><td class=\"t m0 x923 h43 y2145 ff64 fs28 fc2 sc0 ls7c wsdf\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 xac8 h43 y2146 ff64 fs28 fc2 sc0 lse4 ws15d\">los<span class=\"_ _7\"></span>s re<span class=\"_ _7\"></span>cove<span class=\"_ _7\"></span>ry<span class=\"_ _304\"> </span></td><td class=\"t m0 xac9 h43 y2146 ff64 fs28 fc2 sc0 ls143 ws1e4\">rec<span class=\"_ _7\"></span>over<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e5 h43 y2146 ff64 fs28 fc2 sc0 lsf0 ws13c\">present value of<span class=\"_ _9\"></span> </td><td class=\"t m0 x926 h43 y2146 ff64 fs28 fc2 sc0 lse6 ws138\">for non-financial<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 xaca h43 y2147 ff64 fs28 fc2 sc0 lse6 ws12d\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x925 h43 y2147 ff64 fs28 fc2 sc0 lse6 ws12d\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x928 h43 y2147 ff64 fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>lows<span class=\"_ _304\"> </span></td><td class=\"t m0 x51d h43 y2147 ff64 fs28 fc2 sc0 ls7c ws98\">risk<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y2148 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 h25 y2149 ff64 fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x6b5 h43 y2149 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e3 h43 y2149 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x929 h43 y2149 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e8 h43 y2149 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y214a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y214b w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x92a y214b w5b9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>86.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xacb y214b w2e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xacc y214b w397 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xacd y214b w2ae h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">4<span class=\"_ _7\"></span>21.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xace y214b w44e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y214c w4ea h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xa17 y214c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa18 y214c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa19 y214c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1a y214c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x81a y214c w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y214d w4ec h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xacf y214d w5ba h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>86.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xad0 y214d w3cb h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xad1 y214d w397 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x99a y214d w21c h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">4<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xad2 y214d w44e h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y214e ff64 fs7 fc2 sc0 ls7c ws89\">Changes in the consolidated income statement<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y214f w294 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums<span class=\"_ _304\"> </span></div></td><td class=\"c n xad3 y214f w5bb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,11<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xad4 y214f w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xad5 y214f w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa60 y214f w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xad6 y214f w2d0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,11<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y2150 ff64 fs7 fc2 sc0 ls39 ws43\">Amounts recov<span class=\"_ _9\"></span>erable from reinsurers<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2151 w5bc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s of incur<span class=\"_ _7\"></span>red cla<span class=\"_ _7\"></span>ims and othe<span class=\"_ _7\"></span>r attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble expe<span class=\"_ _7\"></span>nses<span class=\"_ _304\"> </span></div></td><td class=\"c n xad7 y2151 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xad8 y2151 w2d3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xad9 y2151 w3c0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">406.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xada y2151 wa4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4<span class=\"_ _7\"></span>0.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xadb y2151 w1e9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">446<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2152 ff5f fs7 fc2 sc0 ls38 ws41\">Adjus<span class=\"_ _7\"></span>tments to assets for i<span class=\"_ _7\"></span>ncur<span class=\"_ _7\"></span>red clai<span class=\"_ _7\"></span>ms relatin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></td><td class=\"c n xa31 y2153 wc1 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa32 y2153 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa33 y2153 w5bd h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsc7 wse8\">(19<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xadc y2153 w164 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls74 ws82\">6<span class=\"_ _7\"></span>0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xadd y2153 wf2 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lseb ws136\">(13<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _9\"></span>1)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2154 ff5f fs7 fc2 sc0 ls38 ws41\">to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2155 w4fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s in non-pe<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk of reins<span class=\"_ _7\"></span>urers<span class=\"_ _304\"> </span></div></td><td class=\"c n xade y2155 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9d y2155 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xadf y2155 w2e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ca y2155 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xae0 y2155 w2fd h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2156 w5be h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al amou<span class=\"_ _7\"></span>nts recover<span class=\"_ _7\"></span>able fro<span class=\"_ _7\"></span>m reinsu<span class=\"_ _7\"></span>rers<span class=\"_ _304\"> </span></div></td><td class=\"c n xae1 y2156 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xae2 y2156 w102 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">(0<span class=\"_ _7\"></span>.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xae3 y2156 w5bf h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n xae4 y2156 w5c0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xae5 y2156 w1b h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2157 w29c h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">Net expense fr<span class=\"_ _9\"></span>om reinsurance contracts held<span class=\"_ _304\"> </span></div></td><td class=\"c n xae6 y2157 w2d0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,11<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xae7 y2157 w2d3 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">(0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xae8 y2157 w63 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n xae9 y2157 w5c0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xaea y2157 w1dd h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2158 w5c1 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">Net finance income<span class=\"_ _9\"></span> from reinsurance contracts<span class=\"_ _304\"> </span></div></td><td class=\"c n xaeb y2158 we8 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xaec y2158 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xaed y2158 w28 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">7<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xaee y2158 w6f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xaef y2158 w2a9 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2159 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf0 y2159 w2e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf1 y2159 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf2 y2159 w2a9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf3 y2159 w2f2 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(<span class=\"_ _7\"></span>0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf4 y2159 we1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls78 ws122\">25.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdb w5c2 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al chang<span class=\"_ _7\"></span>es in the c<span class=\"_ _7\"></span>onsolid<span class=\"_ _7\"></span>ated inco<span class=\"_ _7\"></span>me statem<span class=\"_ _7\"></span>ent<span class=\"_ _304\"> </span></div></td><td class=\"c n x795 y1fdb w5c3 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf5 y1fdb w102 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">(<span class=\"_ _7\"></span>0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf6 y1fdb w5c4 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls12a ws1ee\">3<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf7 y1fdb w166 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf8 y1fdb w5c5 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdc w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf9 y1fdc w2e5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(3<span class=\"_ _7\"></span>2.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xafa y1fdc w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xafb y1fdc w17b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">32.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x946 y1fdc w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xafc y1fdc w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y215a w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n xafd y215a w5c6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xafe y215a w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xaff y215a w14c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">(<span class=\"_ _7\"></span>10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb00 y215a w102 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(<span class=\"_ _7\"></span>0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb01 y215a w5c7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">(<span class=\"_ _7\"></span>10<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y215b ff64 fs7 fc2 sc0 ls87 ws9e\">Ca<span class=\"_ _7\"></span>sh fl<span class=\"_ _7\"></span>ows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y215c w5c8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Premi<span class=\"_ _7\"></span>um paid<span class=\"_ _304\"> </span></div></td><td class=\"c n xb02 y215c w5c9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">1<span class=\"_ _9\"></span>,<span class=\"_ _7\"></span>206<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9d y215c w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb03 y215c w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb04 y215c w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb05 y215c w5c9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">1<span class=\"_ _9\"></span>,<span class=\"_ _7\"></span>206<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2129 w5ca h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amounts received<span class=\"_ _304\"> </span></div></td><td class=\"c n xb06 y2129 wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb07 y2129 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb08 y2129 w5cb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _7\"></span>919<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb09 y2129 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x344 y2129 w171 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _7\"></span>919<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y215d w519 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0a y215d w5cc h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">1<span class=\"_ _9\"></span>,20<span class=\"_ _7\"></span>6.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x97a y215d w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0b y215d w5cd h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _7\"></span>919<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0c y215d w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0d y215d w45d h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3a ws130\">28<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y215e w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x98d y215e w5ce h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>8.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0e y215e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0f y215e w17 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb10 y215e w3fb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsd4 wsfa\">520.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb11 y215e w95 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2,0<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fcd w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xb12 y1fcd wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb13 y1fcd w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb14 y1fcd w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb15 y1fcd w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb16 y1fcd w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w524 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xb17 y1e80 w5ce h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>8.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb18 y1e80 w6f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb19 y1e80 w17 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb1a y1e80 w5cf h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsd4 wsfa\">520.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb1b y1e80 wf7 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2,0<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td></tr></table><table class=\"s w5d0 hd2\" id=\"_18c4c0cd-b71e-4d05-971f-6700fd65004f\"><tr><td></td><td></td><td class=\"c n xb1c y215f w5d1 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 lse4 ws15d\">As<span class=\"_ _7\"></span>set fo<span class=\"_ _7\"></span>r rem<span class=\"_ _7\"></span>ain<span class=\"_ _7\"></span>ing c<span class=\"_ _7\"></span>overa<span class=\"_ _7\"></span>ge<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xb1d y215f w5d2 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Asset for incurr<span class=\"_ _9\"></span>ed claims<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x41d h44 y2160 ff5f fs28 fc2 sc0 lsed ws139\">ARC ex<span class=\"_ _9\"></span>cluding </td><td class=\"t m0 x490 h44 y2160 ff5f fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>ss </td><td class=\"t m0 x99e h44 y2160 ff5f fs28 fc2 sc0 lse6 ws138\">Estimates o<span class=\"_ _9\"></span>f </td><td class=\"t m0 x99f h44 y2160 ff5f fs28 fc2 sc0 lse6 ws138\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 xb1e h44 y2161 ff5f fs28 fc2 sc0 lsa0 ws1e0\">loss r<span class=\"_ _9\"></span>ecovery<span class=\"_ _304\"> </span></td><td class=\"t m0 xb1f h44 y2161 ff5f fs28 fc2 sc0 ls174 ws23e\">recove<span class=\"_ _7\"></span>ry<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a1 h44 y2161 ff5f fs28 fc2 sc0 lse4 ws15d\">pre<span class=\"_ _7\"></span>se<span class=\"_ _7\"></span>nt val<span class=\"_ _7\"></span>ue of </td><td class=\"t m0 x99f h44 y2161 ff5f fs28 fc2 sc0 ls10a ws15e\">for non-<span class=\"_ _9\"></span>financial </td><td></td></tr><tr><td></td><td class=\"t m0 xb20 h44 y2162 ff5f fs28 fc2 sc0 ls10a ws15c\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x25d h44 y2162 ff5f fs28 fc2 sc0 ls10a ws15c\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x5a0 h44 y2162 ff5f fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>low<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a3 h44 y2162 ff5f fs28 fc2 sc0 lse6 ws12d\">risk<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y2163 ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y2164 ff5f fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dece<span class=\"_ _7\"></span>mber 2022<span class=\"_ _304\"> </span></td><td class=\"t m0 xa7a h44 y2164 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a5 h44 y2164 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a6 h44 y2164 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a7 h44 y2164 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y2165 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1fe9 w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x9a8 y1fe9 w5d3 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb21 y1fe9 w3e7 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb22 y1fe9 w5d4 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>616<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb23 y1fe9 w385 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">5<span class=\"_ _7\"></span>03<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb24 y1fe9 w2dc h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">2,856.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fea w4ea h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xa17 y1fea w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa18 y1fea w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa19 y1fea w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1a y1fea w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x81a y1fea w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1feb w531 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xb25 y1feb w5d5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb26 y1feb w7d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb27 y1feb w5d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">2,<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb28 y1feb w385 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">5<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>3.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb29 y1feb w2dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">2,856.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2166 ff5f fs7 fc2 sc0 ls38 ws41\">Cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n the cons<span class=\"_ _7\"></span>olidated in<span class=\"_ _7\"></span>come st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2167 w294 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2a y2167 w5d7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2b y2167 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2c y2167 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f6 y2167 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2d y2167 w5d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(<span class=\"_ _7\"></span>1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2168 ff5f fs7 fc2 sc0 ls3b ws44\">Amounts r<span class=\"_ _9\"></span>ecoverable fr<span class=\"_ _9\"></span>om reinsurers<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1bb he y2169 ff5f fs7 fc2 sc0 ls38 ws41\">Rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s of incur<span class=\"_ _7\"></span>red cla<span class=\"_ _7\"></span>ims and othe<span class=\"_ _7\"></span>r insur<span class=\"_ _7\"></span>ance <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y216a w5d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">ser<span class=\"_ _7\"></span>vice expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2e y216a wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2f y216a w5da h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4.<span class=\"_ _7\"></span>9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb30 y216a w29b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">9<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb31 y216a w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">42.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x78f y216a w5db h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">9<span class=\"_ _7\"></span>59.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y216b ff5f fs7 fc2 sc0 ls38 ws41\">Adjus<span class=\"_ _7\"></span>tments to assets for i<span class=\"_ _7\"></span>ncur<span class=\"_ _7\"></span>red clai<span class=\"_ _7\"></span>ms relatin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2138 w596 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice<span class=\"_ _304\"> </span></div></td><td class=\"c n xa89 y2138 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa8a y2138 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb32 y2138 w5dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb33 y2138 w5dd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb34 y2138 w5de h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y216c ff5f fs7 fc2 sc0 ls38 ws41\">Rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s and rever<span class=\"_ _7\"></span>sals of rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y216d w5df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">on onerous con<span class=\"_ _9\"></span>tracts<span class=\"_ _304\"> </span></div></td><td class=\"c n xb35 y216d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb36 y216d wd4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb37 y216d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb38 y216d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb39 y216d wd4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y216e w4fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s in non-pe<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk of reins<span class=\"_ _7\"></span>urers<span class=\"_ _304\"> </span></div></td><td class=\"c n xade y216e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9d y216e w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xadf y216e w59b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3a y216e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3b y216e w5e0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y216f w5e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">T<span class=\"_ _a\"></span>otal amoun<span class=\"_ _9\"></span>ts reco<span class=\"_ _9\"></span>verable from r<span class=\"_ _9\"></span>einsurers<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3c y216f wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3d y216f w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3e y216f w5e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">916<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3f y216f w5e3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">(<span class=\"_ _2c\"></span>74<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb40 y216f w247 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">838.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2170 w31a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net exp<span class=\"_ _7\"></span>ense f<span class=\"_ _7\"></span>rom reinsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e contracts h<span class=\"_ _7\"></span>eld<span class=\"_ _304\"> </span></div></td><td class=\"c n xb41 y2170 w5d7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb42 y2170 w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb43 y2170 w5e4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">916<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb44 y2170 w3a2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">(<span class=\"_ _2c\"></span>74<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb45 y2170 w1f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(42<span class=\"_ _9\"></span>6.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2171 w5e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance exp<span class=\"_ _7\"></span>ense f<span class=\"_ _7\"></span>rom reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n xb46 y2171 w5e6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(3<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa43 y2171 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb47 y2171 w314 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">(6<span class=\"_ _7\"></span>3.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb48 y2171 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb49 y2171 w29 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _7\"></span>1<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2172 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4a y2172 wbb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4b y2172 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4c y2172 wcd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(66.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4d y2172 w5e7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">(8<span class=\"_ _7\"></span>.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4e y2172 w5e8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>5<span class=\"_ _c\"> </span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2173 w5e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>es in the c<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dated inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n x75c y2173 w5ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(<span class=\"_ _7\"></span>1,<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4f y2173 w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb50 y2173 w121 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">78<span class=\"_ _7\"></span>5.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xb51 y2173 w5eb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb52 y2173 w5ec h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2174 w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n x96f y2174 w5ed h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>22.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x944 y2174 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb53 y2174 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb54 y2174 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb55 y2174 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2175 ff5f fs7 fc2 sc0 ls89 wsfe\">Cash flows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2140 w5c8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Premi<span class=\"_ _7\"></span>um paid<span class=\"_ _304\"> </span></div></td><td class=\"c n xb56 y2140 w1f0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xa26 y2140 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa27 y2140 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa28 y2140 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb57 y2140 w19c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2141 w5ca h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amounts received<span class=\"_ _304\"> </span></div></td><td class=\"c n xb06 y2141 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb07 y2141 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb58 y2141 w5ee h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x97c y2141 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb59 y2141 w5ef h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y212a w55b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>ash flows<span class=\"_ _304\"> </span></div></td><td class=\"c n xa88 y212a w5f0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5a y212a w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5b y212a wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>1.<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5c y212a w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5d y212a w3d1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">24<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2176 w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x98d y2176 w5f1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>8<span class=\"_ _7\"></span>6.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5e y1f86 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5f y1f86 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb60 y1f86 w2e4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">4<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb61 y1f86 w249 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xb12 y1ed8 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb13 y1ed8 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb14 y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb15 y1ed8 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb16 y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w564 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xb62 y1e80 w30c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>86.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb63 y1e80 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xb64 y1e80 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,2<span class=\"_ _7\"></span>82.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb65 y1e80 wb1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">4<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb66 y1e80 w5f2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td></tr></table>20<span class=\"_ _9\"></span>.2 Claims dev<span class=\"_ _9\"></span>elopment tables<span class=\"_ _304\"> </span>The d<span class=\"_ _7\"></span>evelopm<span class=\"_ _7\"></span>ent of insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e liabil<span class=\"_ _7\"></span>ities p<span class=\"_ _7\"></span>rovides a m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>re of the Group\u2019<span class=\"_ _a\"></span>s a<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y to estimate the ul<span class=\"_ _7\"></span>timate cost of cla<span class=\"_ _7\"></span>ims. Th<span class=\"_ _7\"></span>e<span class=\"_ _304\"> </span>Grou<span class=\"_ _7\"></span>p anal<span class=\"_ _7\"></span>yses ac<span class=\"_ _7\"></span>tual cla<span class=\"_ _7\"></span>ims devel<span class=\"_ _7\"></span>opme<span class=\"_ _7\"></span>nt compa<span class=\"_ _7\"></span>red with p<span class=\"_ _7\"></span>revious e<span class=\"_ _7\"></span>stimates on a<span class=\"_ _7\"></span>n acci<span class=\"_ _7\"></span>dent yea<span class=\"_ _7\"></span>r basis.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Insurance l<span class=\"_ _9\"></span>iability for incurred claims<span class=\"_ _9\"></span> \u2013 net o<span class=\"_ _9\"></span>f reinsurance<span class=\"_ _304\"> </span>Accident year<span class=\"_ _304\"> </span><table class=\"s w5f3 hd3\" id=\"_8682737c-9bd8-4ba5-9b19-649c65608c59\"><tr><td></td><td class=\"t m0 xb67 h44 y2177 ff5f fs28 fc2 sc0 ls14c ws1f5\">20<span class=\"_ _7\"></span>19<span class=\"_ _304\"> </span></td><td class=\"t m0 xb68 h44 y2177 ff5f fs28 fc2 sc0 lsa1 wsba\">2020<span class=\"_ _304\"> </span></td><td class=\"t m0 x8de h44 y2177 ff5f fs28 fc2 sc0 lse5 ws12b\">20<span class=\"_ _7\"></span>21<span class=\"_ _304\"> </span></td><td class=\"t m0 xb69 h44 y2177 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td><td class=\"t m0 x524 h43 y2177 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y2177 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x5e6 h44 y2178 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6a h44 y2178 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6b h44 y2178 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6c h44 y2178 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6d h43 y2178 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6e h43 y2178 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 he y2179 ff5f fs7 fc2 sc0 ls38 ws41\">Estimate of ultim<span class=\"_ _7\"></span>ate claims c<span class=\"_ _7\"></span>osts as adju<span class=\"_ _7\"></span>sted for foreig<span class=\"_ _7\"></span>n exchange* <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y217a w5f4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">at end of ac<span class=\"_ _7\"></span>cide<span class=\"_ _7\"></span>nt year:<span class=\"_ _304\"> </span></div></td><td class=\"c n xb6f y217a w5f5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls94 wsa9\">1<span class=\"_ _a\"></span>,555.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xb70 y217a w1dd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb71 y217a w5f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _c\"> </span>8<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xb72 y217a w1f9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>51<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb73 y217a w5f7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xb74 y217a w5f8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8,058.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217b w5f9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">one p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d later<span class=\"_ _304\"> </span></div></td><td class=\"c n xb75 y217b w5f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>4<span class=\"_ _c\"> </span>8<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xb76 y217b w5fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"> </span>8<span class=\"_ _c\"> </span>9<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb77 y217b w1f7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xb78 y217b w44e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xb79 y217b w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7a y217b w5fb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">6,3<span class=\"_ _7\"></span>88.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217c w5fc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">two p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>ds later<span class=\"_ _304\"> </span></div></td><td class=\"c n xb6f y217c w1d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">1<span class=\"_ _9\"></span>,40<span class=\"_ _7\"></span>9.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7b y217c w5fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,7<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7c y217c w5fe h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>2<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7d y217c w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7e y217c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7f y217c w21f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217d w5ff h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">three periods lat<span class=\"_ _9\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xb80 y217d w600 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb81 y217d w556 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb82 y217d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb83 y217d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb84 y217d w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb85 y217d w233 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _2c\"></span>,1<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217e w601 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">four periods lat<span class=\"_ _9\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xb86 y217e w1f0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb87 y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb88 y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb89 y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8a y217e w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8b y217e w602 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217f w603 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cur<span class=\"_ _7\"></span>rent estim<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f cu<span class=\"_ _7\"></span>mulative cl<span class=\"_ _7\"></span>aims<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8c y217f w556 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8d y217f w80 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8e y217f w604 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _2c\"> </span>2<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8f y217f w605 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>2<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xb90 y217f w1d4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n xb91 y217f w606 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsab wsc8\">7,<span class=\"_ _8\"></span>5<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>8<span class=\"_ _c\"> </span>.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2180 w607 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cumu<span class=\"_ _7\"></span>lative payme<span class=\"_ _7\"></span>nts to dat<span class=\"_ _9\"></span>e<span class=\"_ _304\"> </span></div></td><td class=\"c n xb92 y2180 w303 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">(9<span class=\"_ _7\"></span>88.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb93 y2180 w99 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb94 y2180 w608 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>8<span class=\"_ _c\"> </span>5<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb95 y2180 w346 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws11c\">(69<span class=\"_ _7\"></span>3.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb96 y2180 w609 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6e ws120\">(303<span class=\"_ _7\"></span>.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb97 y2180 w60a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(3,<span class=\"_ _7\"></span>962.6)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2181 ff5f fs7 fc2 sc0 ls3b ws44\">Net cumula<span class=\"_ _9\"></span>tive liability f<span class=\"_ _9\"></span>or incurred claims \u2013<span class=\"_ _9\"></span> accident years<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20be w60b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws9e\">fr<span class=\"_ _7\"></span>om 201<span class=\"_ _9\"></span>9-2023<span class=\"_ _304\"> </span></div></td><td class=\"c n xb98 y20be w15e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb99 y20be wb1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">5<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa99 y20be w60c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls100 ws14f\">570.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9a y20be w60d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws9b\">829.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9b y20be w60e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9c y20be w13 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsac wsc9\">3,<span class=\"_ _7\"></span>575<span class=\"_ _7\"></span>.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2182 ff5f fs7 fc2 sc0 ls6d ws44\">Net cumula<span class=\"_ _9\"></span>tive liabil<span class=\"_ _9\"></span>it<span class=\"_ _7\"></span>y f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> in respect of<span class=\"_ _9\"></span> accident <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2183 w60f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws41\">year<span class=\"_ _7\"></span>s before 20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9d y2183 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9e y2183 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9f y2183 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba0 y2183 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba1 y2183 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba2 y2183 w610 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsac wsc9\">7<span class=\"_ _7\"></span>75<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f8d w611 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Effect of discount<span class=\"_ _9\"></span>ing<span class=\"_ _304\"> </span></div></td><td class=\"c n xba3 y1f8d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba4 y1f8d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba5 y1f8d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba6 y1f8d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba7 y1f8d w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba8 y1f8d w612 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _8\"></span>319<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w613 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al Group l<span class=\"_ _7\"></span>iabilit<span class=\"_ _7\"></span>y for inc<span class=\"_ _7\"></span>urre<span class=\"_ _7\"></span>d claims to ex<span class=\"_ _7\"></span>ternal p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ties in<span class=\"_ _7\"></span>cluded i<span class=\"_ _7\"></span>n balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et \u2013 net<span class=\"_ _304\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n xba9 y1e80 w152 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls75 ws11a\">4,03<span class=\"_ _7\"></span>2.5<span class=\"_ _304\"> </span></div></td></tr></table>*T<span class=\"_ _7\"></span>he fore<span class=\"_ _7\"></span>ign e<span class=\"_ _7\"></span>xcha<span class=\"_ _7\"></span>nge ad<span class=\"_ _7\"></span>jus<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt ar<span class=\"_ _7\"></span>ise<span class=\"_ _7\"></span>s from t<span class=\"_ _7\"></span>he retr<span class=\"_ _7\"></span>ans<span class=\"_ _7\"></span>lati<span class=\"_ _7\"></span>on of the e<span class=\"_ _7\"></span>sti<span class=\"_ _7\"></span>mates a<span class=\"_ _7\"></span>t eac<span class=\"_ _7\"></span>h date us<span class=\"_ _7\"></span>ing th<span class=\"_ _7\"></span>e excha<span class=\"_ _7\"></span>nge r<span class=\"_ _7\"></span>ate ru<span class=\"_ _7\"></span>ling a<span class=\"_ _7\"></span>t 3<span class=\"_ _9\"></span>1<span class=\"_ gs9d8\"> </span><span class=\"_ _9\"></span>Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er<span class=\"_ gs9d8\"> </span><span class=\"_ _9\"></span>2023.<span class=\"_ _304\"> </span>Th<span class=\"_ _7\"></span>e tab<span class=\"_ _7\"></span>le ab<span class=\"_ _7\"></span>ove exclu<span class=\"_ _7\"></span>de<span class=\"_ _7\"></span>s rein<span class=\"_ _7\"></span>sur<span class=\"_ _7\"></span>anc<span class=\"_ _7\"></span>e rec<span class=\"_ _7\"></span>over<span class=\"_ _7\"></span>ies re<span class=\"_ _7\"></span>late<span class=\"_ _7\"></span>d to the retr<span class=\"_ _7\"></span>oact<span class=\"_ _7\"></span>ive re<span class=\"_ _7\"></span>insu<span class=\"_ _7\"></span>ran<span class=\"_ _7\"></span>ce co<span class=\"_ _7\"></span>ntra<span class=\"_ _7\"></span>cts, fo<span class=\"_ _7\"></span>r exam<span class=\"_ _7\"></span>ple l<span class=\"_ _7\"></span>ega<span class=\"_ _7\"></span>cy po<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>fol<span class=\"_ _7\"></span>io tra<span class=\"_ _7\"></span>nsf<span class=\"_ _7\"></span>er ar<span class=\"_ _7\"></span>ran<span class=\"_ _7\"></span>gem<span class=\"_ _7\"></span>ent<span class=\"_ _7\"></span>s whe<span class=\"_ _7\"></span>re the<span class=\"_ _304\"> </span>fina<span class=\"_ _7\"></span>nc<span class=\"_ _7\"></span>ial ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct of th<span class=\"_ _7\"></span>e und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>lyi<span class=\"_ _7\"></span>ng cl<span class=\"_ _7\"></span>aim<span class=\"_ _7\"></span>s is sti<span class=\"_ _7\"></span>ll unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>in. T<span class=\"_ _7\"></span>hes<span class=\"_ _7\"></span>e are in<span class=\"_ _7\"></span>clu<span class=\"_ _7\"></span>ded i<span class=\"_ _7\"></span>n the re<span class=\"_ _7\"></span>ins<span class=\"_ _7\"></span>ura<span class=\"_ _7\"></span>nce c<span class=\"_ _7\"></span>ontr<span class=\"_ _7\"></span>act as<span class=\"_ _7\"></span>set f<span class=\"_ _7\"></span>or rem<span class=\"_ _7\"></span>ain<span class=\"_ _7\"></span>ing c<span class=\"_ _7\"></span>overa<span class=\"_ _7\"></span>ge.<span class=\"_ _304\"> </span>(b<span class=\"_ _9\"></span>) Insurance liability f<span class=\"_ _9\"></span>or incurred claims \u2013<span class=\"_ _9\"></span> gross<span class=\"_ _304\"> </span>Accident year<span class=\"_ _304\"> </span><table class=\"s w614 hd4\" id=\"_4e8c24b5-15f8-4227-a1c4-2fc72ff9358b\"><tr><td></td><td class=\"t m0 xb67 h44 y2184 ff5f fs28 fc2 sc0 ls14c ws1f5\">20<span class=\"_ _7\"></span>19<span class=\"_ _304\"> </span></td><td class=\"t m0 xb68 h44 y2184 ff5f fs28 fc2 sc0 lsa1 wsba\">2020<span class=\"_ _304\"> </span></td><td class=\"t m0 x8de h44 y2184 ff5f fs28 fc2 sc0 lse5 ws12b\">20<span class=\"_ _7\"></span>21<span class=\"_ _304\"> </span></td><td class=\"t m0 xb69 h44 y2184 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td><td class=\"t m0 x524 h43 y2184 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y2184 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x5e6 h44 y2185 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6a h44 y2185 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6b h44 y2185 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6c h44 y2185 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6d h43 y2185 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6e h43 y2185 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 he y2186 ff5f fs7 fc2 sc0 ls38 ws41\">Estimate of ultim<span class=\"_ _7\"></span>ate claims c<span class=\"_ _7\"></span>osts as adju<span class=\"_ _7\"></span>sted for foreig<span class=\"_ _7\"></span>n exchange* <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y217a w5f4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">at end of ac<span class=\"_ _7\"></span>cide<span class=\"_ _7\"></span>nt year:<span class=\"_ _304\"> </span></div></td><td class=\"c n xbaa y217a w615 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>8<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbab y217a w616 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">3,<span class=\"_ _7\"></span>26<span class=\"_ _7\"></span>9.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbac y217a w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>55<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xbad y217a w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>2.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbae y217a w17 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbaf y217a w617 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>,15<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2187 w5f9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">one p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d later<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb0 y2187 w618 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls94 wsa9\">2,555<span class=\"_ _9\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbab y2187 w619 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6d wsc4\">3,2<span class=\"_ _9\"></span>35.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb1 y2187 w61a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">2,43<span class=\"_ _7\"></span>9.<span class=\"_ _a\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb2 y2187 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>52<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb3 y2187 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb4 y2187 w61b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2188 w5fc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">two p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>ds later<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb5 y2188 w61c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>39<span class=\"_ _8\"></span>0.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb6 y2188 w61d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">3,0<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>8.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb7 y2188 w575 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>275.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb8 y2188 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb3 y2188 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb9 y2188 wc5 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsab wsc8\">7,<span class=\"_ _7\"></span>7<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>4<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217d w5ff h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">three periods lat<span class=\"_ _9\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xbba y217d w511 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbb y217d w2dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">2,986.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbc y217d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbd y217d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbe y217d w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbf y217d w13e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">5<span class=\"_ _9\"></span>,352<span class=\"_ _9\"></span>.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217e w601 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">four periods lat<span class=\"_ _9\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc0 y217e w61e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc1 y217e w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x4bb y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc2 y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc3 y217e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc4 y217e w61f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>313<span class=\"_ _8\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2189 w603 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cur<span class=\"_ _7\"></span>rent estim<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f cu<span class=\"_ _7\"></span>mulative cl<span class=\"_ _7\"></span>aims<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc5 y2189 w620 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">2,<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc6 y2189 w77 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">2<span class=\"_ _9\"></span>,98<span class=\"_ _7\"></span>6.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc7 y2189 w575 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">2,<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>75.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc8 y2189 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>52<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc9 y2189 w17 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbca y2189 w621 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">12<span class=\"_ _9\"></span>,0<span class=\"_ _7\"></span>94.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y218a w607 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cumu<span class=\"_ _7\"></span>lative payme<span class=\"_ _7\"></span>nts to dat<span class=\"_ _9\"></span>e<span class=\"_ _304\"> </span></div></td><td class=\"c n xbcb y218a w34e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(<span class=\"_ _7\"></span>1,<span class=\"_ _7\"></span>8<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbcc y218a w622 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>013<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbcd y218a w623 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbce y218a w624 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7b ws87\">(923.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbcf y218a w288 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(<span class=\"_ _7\"></span>34<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd0 y218a w4f1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">(6,398.3<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y218b ff5f fs7 fc2 sc0 ls3b ws44\">Gross cumula<span class=\"_ _9\"></span>tive liability f<span class=\"_ _9\"></span>or incurred claims \u2013<span class=\"_ _9\"></span> accident years<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20be w60b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws9e\">fr<span class=\"_ _7\"></span>om 201<span class=\"_ _9\"></span>9-2023<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd1 y20be w625 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls168 ws224\">513<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd2 y20be w12e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">9<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd3 y20be w2e4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">9<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd4 y20be w626 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls83 ws11d\">1<span class=\"_ _9\"></span>,598.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd5 y20be w17 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd6 y20be w12 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">5,6<span class=\"_ _7\"></span>96.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y218c ff5f fs7 fc2 sc0 ls6d ws44\">Gross cumula<span class=\"_ _9\"></span>tive liability f<span class=\"_ _9\"></span>or incurred claims i<span class=\"_ _9\"></span>n respect of a<span class=\"_ _9\"></span>ccident <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y218d w60f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws41\">year<span class=\"_ _7\"></span>s before 20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9d y218d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9e y218d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9f y218d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba0 y218d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba1 y218d w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd7 y218d w3c0 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">998.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f8d w611 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Effect of discount<span class=\"_ _9\"></span>ing<span class=\"_ _304\"> </span></div></td><td class=\"c n xba3 y1f8d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba4 y1f8d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba5 y1f8d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba6 y1f8d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba7 y1f8d w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd8 y1f8d w1c4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>5.<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w627 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al Group l<span class=\"_ _7\"></span>iabilit<span class=\"_ _7\"></span>y for inc<span class=\"_ _7\"></span>urre<span class=\"_ _7\"></span>d claims to ex<span class=\"_ _7\"></span>ternal p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ties in<span class=\"_ _7\"></span>cluded i<span class=\"_ _7\"></span>n balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et \u2013 gros<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n xbd9 y1e80 w1d1 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls15d ws211\">6<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>24<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr></table>*T<span class=\"_ _7\"></span>he fore<span class=\"_ _7\"></span>ign e<span class=\"_ _7\"></span>xcha<span class=\"_ _7\"></span>nge ad<span class=\"_ _7\"></span>jus<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt ar<span class=\"_ _7\"></span>ise<span class=\"_ _7\"></span>s from t<span class=\"_ _7\"></span>he retr<span class=\"_ _7\"></span>ans<span class=\"_ _7\"></span>lati<span class=\"_ _7\"></span>on of the e<span class=\"_ _7\"></span>sti<span class=\"_ _7\"></span>mates a<span class=\"_ _7\"></span>t eac<span class=\"_ _7\"></span>h date us<span class=\"_ _7\"></span>ing th<span class=\"_ _7\"></span>e excha<span class=\"_ _7\"></span>nge r<span class=\"_ _7\"></span>ate ru<span class=\"_ _7\"></span>ling a<span class=\"_ _7\"></span>t 3<span class=\"_ _9\"></span>1<span class=\"_ gs9d8\"> </span><span class=\"_ _9\"></span>Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er<span class=\"_ gs9d8\"> </span><span class=\"_ _9\"></span>2023.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-444": {
   "value": "20 Insurance liabilities<span class=\"_ _9\"></span> and reinsurance contract <table class=\"s w4db ha3\" id=\"_77f4e83b-f0d9-4ddb-a295-ad39258ab9ba\"><tr><td></td><td class=\"t m0 x1fb h43 y2039 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y2039 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y20b3 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y20b3 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w1bd h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance cont<span class=\"_ _9\"></span>ract liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n x91a y1f86 wa5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,60<span class=\"_ _7\"></span>4.0<span class=\"_ _304\"> </span></div></td><td class=\"c n x91b y1f86 w4dc h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">6,6<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w220 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Reinsurance cont<span class=\"_ _9\"></span>ract held asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x91c y1e8e w4dd h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(2,<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>98<span class=\"_ _7\"></span>.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x91d y1e8e w4de h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"> </span>2<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w4df h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Net insurance<span class=\"_ _9\"></span> contract l<span class=\"_ _9\"></span>iabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x91e y1e80 w4e0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">4<span class=\"_ _7\"></span>,5<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>5.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x91f y1e80 w4e1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _2c\"></span>,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td></tr></table>Deta<span class=\"_ _7\"></span>iled re<span class=\"_ _7\"></span>conci<span class=\"_ _7\"></span>liations of c<span class=\"_ _7\"></span>hange<span class=\"_ _7\"></span>s in insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e contract b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ces du<span class=\"_ _7\"></span>ring the ye<span class=\"_ _7\"></span>ar are in<span class=\"_ _7\"></span>clude<span class=\"_ _7\"></span>d below in n<span class=\"_ _7\"></span>ot<span class=\"_ _9\"></span>e 20.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The a<span class=\"_ _7\"></span>nal<span class=\"_ _7\"></span>ysis of cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>s disclo<span class=\"_ _7\"></span>sed at a co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated level in lin<span class=\"_ _7\"></span>e with how the G<span class=\"_ _7\"></span>roup ma<span class=\"_ _7\"></span>nages a<span class=\"_ _7\"></span>nd mon<span class=\"_ _7\"></span>itors the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet. Fur<span class=\"_ _7\"></span>ther de<span class=\"_ _7\"></span>tails rel<span class=\"_ _7\"></span>ated t<span class=\"_ _9\"></span>o ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s in the co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated incom<span class=\"_ _7\"></span>e statement by se<span class=\"_ _7\"></span>gme<span class=\"_ _7\"></span>ntal repo<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ting are di<span class=\"_ _7\"></span>sclose<span class=\"_ _7\"></span>d in note 4<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>20<span class=\"_ _9\"></span>.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>(<span class=\"_ _9\"></span>a) Net<span class=\"_ _9\"></span> insurance cont<span class=\"_ _9\"></span>ract liabilities<span class=\"_ _304\"> </span>Net ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts \u2013 anal<span class=\"_ _7\"></span>ysis by rema<span class=\"_ _7\"></span>ining c<span class=\"_ _7\"></span>overage an<span class=\"_ _7\"></span>d incur<span class=\"_ _7\"></span>red cla<span class=\"_ _7\"></span>ims<span class=\"_ _304\"> </span><table class=\"s w4e2 hcd\" id=\"_6d3ec1c0-bac4-4b22-b4de-e611925ceedb\"><tr><td></td><td></td><td class=\"c n x920 y20cb w4e3 h9a\"><div class=\"t m0 x1b6 h43 y20ca ff64 fs28 fc2 sc0 lse4 ws15d\">Ne<span class=\"_ _7\"></span>t liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>ies f<span class=\"_ _7\"></span>or re<span class=\"_ _7\"></span>mai<span class=\"_ _7\"></span>ning c<span class=\"_ _7\"></span>over<span class=\"_ _7\"></span>age<span class=\"_ _304\"> </span></div></td><td class=\"c n x921 y20cb w4e4 h9a\"><div class=\"t m0 x1b6 h43 y20ca ff64 fs28 fc2 sc0 lse4 ws15d\">N<span class=\"_ _7\"></span>et lia<span class=\"_ _7\"></span>bil<span class=\"_ _7\"></span>itie<span class=\"_ _7\"></span>s for i<span class=\"_ _7\"></span>ncu<span class=\"_ _7\"></span>rre<span class=\"_ _7\"></span>d cla<span class=\"_ _7\"></span>ims<span class=\"_ _304\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x922 h43 y20cc ff64 fs28 fc2 sc0 lsf0 ws1b9\">Excluding<span class=\"_ _304\"> </span></td><td class=\"t m0 x464 h43 y20cc ff64 fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>s<span class=\"_ _7\"></span>s </td><td class=\"t m0 x522 h43 y20cc ff64 fs28 fc2 sc0 ls10a ws15e\">Estimates<span class=\"_ _9\"></span> of </td><td class=\"t m0 x923 h43 y20cc ff64 fs28 fc2 sc0 ls7c wsdf\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 x924 h43 y20cd ff64 fs28 fc2 sc0 lse6 ws138\">loss component<span class=\"_ _304\"> </span></td><td class=\"t m0 x925 h43 y20cd ff64 fs28 fc2 sc0 lse6 ws12d\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e5 h43 y20cd ff64 fs28 fc2 sc0 lsf0 ws13c\">present value of<span class=\"_ _9\"></span> </td><td class=\"t m0 x926 h43 y20cd ff64 fs28 fc2 sc0 lse6 ws138\">for non-financial<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 x927 h43 y20ce ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e3 h43 y20ce ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x928 h43 y20ce ff64 fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>lows<span class=\"_ _304\"> </span></td><td class=\"t m0 x51d h43 y20ce ff64 fs28 fc2 sc0 ls7c ws98\">risk<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y20cf ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 h25 y20d0 ff64 fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2023<span class=\"_ _304\"> </span></td><td></td><td></td><td class=\"t m0 x929 h43 y20d0 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e8 h43 y20d0 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y20d1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y20d2 w4e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x92a y20d2 w4e6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">1<span class=\"_ _9\"></span>86.8*<span class=\"_ _304\"> </span></div></td><td class=\"c n x92b y20d2 w2d3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n x92c y20d2 w4e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x92d y20d2 w4e8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x92e y20d2 w4e9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20d3 w4ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x92f y20d3 w377 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x930 y20d3 w3f6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x931 y20d3 w4eb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x932 y20d3 w14e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x933 y20d3 wa5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,69<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20d4 w4ec h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n x934 y20d4 w4ed h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls140 ws226\">4<span class=\"_ _7\"></span>74<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x935 y20d4 w41c h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x936 y20d4 w4ee h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">3<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x937 y20d4 w4ef h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">2<span class=\"_ _9\"></span>46.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x938 y20d4 w4f0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">4<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>7<span class=\"_ _8\"></span>7.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y20d5 ff64 fs7 fc2 sc0 ls7c ws89\">Changes in the consolidated income statement<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x203 he y20d6 ff5f fs7 fc2 sc0 ls38 ws41\">Insu<span class=\"_ _7\"></span>rance reve<span class=\"_ _7\"></span>nue, net of allo<span class=\"_ _7\"></span>cation <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x203 he y20d7 ff5f fs7 fc2 sc0 ls39 ws43\">of r<span class=\"_ _9\"></span>einsurance premiums<span class=\"_ _304\"> </span></td><td class=\"c n x939 y20d8 w4f1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6e ws120\">(3,3<span class=\"_ _7\"></span>63.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x93a y20d8 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x93b y20d8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x93c y20d8 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x93d y20d8 w4f2 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6e ws120\">(3<span class=\"_ _7\"></span>,363<span class=\"_ _7\"></span>.8)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y20d9 ff64 fs7 fc2 sc0 ls38 ws41\">Insu<span class=\"_ _7\"></span>rance s<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>vice exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s, net of am<span class=\"_ _7\"></span>ounts <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x203 h25 y20da ff64 fs7 fc2 sc0 ls39 ws43\">recov<span class=\"_ _9\"></span>erable from reinsurers<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20db w4f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other at<span class=\"_ _7\"></span>tribut<span class=\"_ _7\"></span>able exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x93e y20db wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x93f y20db w4f4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _c\"> </span>7.<span class=\"_ _8\"></span>7<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x940 y20db w1cf h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x941 y20db w230 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">72.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x942 y20db w4f5 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2,0<span class=\"_ _7\"></span>27<span class=\"_ _a\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20dc w307 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _304\"> </span></div></td><td class=\"c n x943 y20dc w1cf h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x944 y20dc w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x945 y20dc w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x946 y20dc w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x947 y20dc w16f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y20dd ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ments t<span class=\"_ _9\"></span>o liabilities f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20de w4f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o pa<span class=\"_ _7\"></span>st ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce<span class=\"_ _304\"> </span></div></td><td class=\"c n x948 y20de wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x949 y20de w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x94a y20de w4f7 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>17<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x94b y20de w4f8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x94c y20de w4f9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(203<span class=\"_ _7\"></span>.6)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20df w4fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Loss<span class=\"_ _7\"></span>es and reve<span class=\"_ _7\"></span>rsal<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s on one<span class=\"_ _7\"></span>rous contr<span class=\"_ _7\"></span>acts<span class=\"_ _304\"> </span></div></td><td class=\"c n x94d y20df w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x94e y20df w4fb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x94f y20df w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x950 y20df w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x951 y20df w4fc h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e0 w4fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s in non-pe<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk of reins<span class=\"_ _7\"></span>urers<span class=\"_ _304\"> </span></div></td><td class=\"c n x952 y20e0 wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x953 y20e0 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x954 y20e0 w108 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x955 y20e0 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x956 y20e0 w108 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e1 w4fe h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal net insurance service expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n x957 y20e1 w4ff h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x958 y20e1 w179 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls74 ws82\">5.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x959 y20e1 w500 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">1<span class=\"_ _9\"></span>,7<span class=\"_ _7\"></span>78<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x95a y20e1 w501 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">48.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x95b y20e1 w1f7 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2,871<span class=\"_ _9\"></span>.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e2 w29f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c ws45\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n x95c y20e2 w502 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls15d ws211\">(2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>24.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x95d y20e2 w68 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls74 ws82\">5.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x95e y20e2 w503 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">1,77<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x95f y20e2 w203 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">48.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x960 y20e2 w2de h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c wsbb\">(492<span class=\"_ _9\"></span>.3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e3 w504 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance (i<span class=\"_ _7\"></span>ncom<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>)/<span class=\"_ _9\"></span>expe<span class=\"_ _7\"></span>nses f<span class=\"_ _7\"></span>rom insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts<span class=\"_ _304\"> </span></div></td><td class=\"c n x961 y20e3 w505 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x962 y20e3 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x963 y20e3 w506 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">1<span class=\"_ _a\"></span>48.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x964 y20e3 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x965 y20e3 w426 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e4 w2bb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net for<span class=\"_ _9\"></span>eign ex<span class=\"_ _9\"></span>change losses<span class=\"_ _304\"> </span></div></td><td class=\"c n x966 y20e4 w507 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x967 y20e4 wee h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x968 y20e4 w17b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">52.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x729 y20e4 wa3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"> </span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x969 y20e4 w215 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">80.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e5 w508 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal change recognised in compr<span class=\"_ _9\"></span>ehensive income<span class=\"_ _304\"> </span></div></td><td class=\"c n x96a y20e5 w509 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lseb ws136\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>313<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x96b y20e5 w2e7 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">5.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x96c y20e5 w235 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x96d y20e5 w2aa h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">5<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x96e y20e5 w428 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">(272.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e6 w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n x96f y20e6 w50b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">31.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x970 y20e6 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x971 y20e6 w50c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x972 y20e6 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x973 y20e6 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e7 w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n x974 y20e7 w50e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>258.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x975 y20e7 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x976 y20e7 w50f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x977 y20e7 w3ef h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x978 y20e7 w297 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>42.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y20e8 ff64 fs7 fc2 sc0 ls38 ws41\">Net c<span class=\"_ _7\"></span>ash flows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20e9 w510 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Net pr<span class=\"_ _9\"></span>emium receiv<span class=\"_ _9\"></span>ed<span class=\"_ _304\"> </span></div></td><td class=\"c n x979 y20e9 w511 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x97a y20e9 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97b y20e9 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97c y20e9 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97d y20e9 w512 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>3<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ea w513 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce expe<span class=\"_ _7\"></span>nses pa<span class=\"_ _7\"></span>id<span class=\"_ _304\"> </span></div></td><td class=\"c n x97e y20ea wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97f y20ea w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x980 y20ea w514 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3e ws162\">(988.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x981 y20eb w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x982 y20eb w515 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3e ws162\">(988.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ec w516 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance acqui<span class=\"_ _9\"></span>sition cash flo<span class=\"_ _9\"></span>ws<span class=\"_ _304\"> </span></div></td><td class=\"c n x983 y20ec w517 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(806.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n x984 y20ec w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x985 y20ec w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x986 y20ec w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x987 y20ec w518 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(8<span class=\"_ _7\"></span>06.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed4 w519 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows<span class=\"_ _304\"> </span></div></td><td class=\"c n x988 y1ed4 w51a h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x989 y1ed4 w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x98a y1ed4 w51b h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3e ws162\">(988.5<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x98b y1ed4 w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x98c y1ed4 w1cf h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f7e w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x98d y1f7e w51d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>8.8*<span class=\"_ _304\"> </span></div></td><td class=\"c n x98e y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x98f y1f7e w51e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x990 y1f7e w51f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsd4 wsfa\">(<span class=\"_ _7\"></span>520.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n x991 y1f7e w520 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(2,<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>98<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f8d w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n x992 y1f8d w522 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls94 wsa9\">346.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x993 y1f8d w1f3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x994 y1f8d w523 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">5,427<span class=\"_ _a\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x995 y1f8d w361 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x996 y1f8d wa5 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,6<span class=\"_ _7\"></span>04.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w524 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n x997 y1e80 w525 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">46<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n x998 y1e80 wa3 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x999 y1e80 w526 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">3<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>31.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x99a y1e80 w21c h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">3<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x99b y1e80 w4ee h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">4<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr></table>\u2020<span class=\"_ _304\"> </span>*In<span class=\"_ _7\"></span>clu<span class=\"_ _7\"></span>des L<span class=\"_ _7\"></span>PT AR<span class=\"_ _7\"></span>C gros<span class=\"_ _7\"></span>s of pre<span class=\"_ _7\"></span>miu<span class=\"_ _7\"></span>m payab<span class=\"_ _7\"></span>le<span class=\"_ _7\"></span>s of $53<span class=\"_ _7\"></span>4.<span class=\"_ _a\"></span>1 mil<span class=\"_ _7\"></span>lion a<span class=\"_ _7\"></span>t 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>ce<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 2022 an<span class=\"_ _7\"></span>d $532.3 mi<span class=\"_ _7\"></span>llio<span class=\"_ _7\"></span>n at 31 Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er 2023.<span class=\"_ _304\"> </span>\u2020<span class=\"_ _304\"> </span>Inc<span class=\"_ _7\"></span>lud<span class=\"_ _7\"></span>es a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>atio<span class=\"_ _7\"></span>n of LP<span class=\"_ _7\"></span>T prem<span class=\"_ _7\"></span>ium of $<span class=\"_ _7\"></span>61<span class=\"_ _a\"></span>.7 mil<span class=\"_ _7\"></span>lio<span class=\"_ _7\"></span>n.<span class=\"_ _304\"> </span><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gsde8\">20<span class=\"_ _9\"></span>.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>(<span class=\"_ _9\"></span>a) Net<span class=\"_ _9\"></span> insurance cont<span class=\"_ _9\"></span>ract liabilities<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gsde9\">Net ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts \u2013 anal<span class=\"_ _7\"></span>ysis by rema<span class=\"_ _7\"></span>ining c<span class=\"_ _7\"></span>overage an<span class=\"_ _7\"></span>d incur<span class=\"_ _7\"></span>red cla<span class=\"_ _7\"></span>ims (continue<span class=\"_ _7\"></span>d)<span class=\"_ _304\"> </span></div><div class=\"gsdea\"><table class=\"s w527 hce\" id=\"_a046e32e-43b5-4dfb-9856-f4b1e0fcb355\"><tr><td></td><td></td><td class=\"c n x99c y20ed w528 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Net liabilit<span class=\"_ _9\"></span>ies for remaining<span class=\"_ _9\"></span> coverage<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n x99d y20ed w529 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Net liabilities<span class=\"_ _9\"></span> for incurred<span class=\"_ _9\"></span> claims<span class=\"_ _304\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x99e h44 y20ee ff5f fs28 fc2 sc0 lse6 ws138\">Estimates o<span class=\"_ _9\"></span>f </td><td></td><td class=\"t m0 x99f h44 y20ee ff5f fs28 fc2 sc0 lse6 ws138\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x9a0 h44 y20ef ff5f fs28 fc2 sc0 lsed ws17b\">Excluding<span class=\"_ _304\"> </span></td><td class=\"t m0 x490 h44 y20ef ff5f fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>ss </td><td class=\"t m0 x9a1 h44 y20ef ff5f fs28 fc2 sc0 lse4 ws15d\">pre<span class=\"_ _7\"></span>se<span class=\"_ _7\"></span>nt val<span class=\"_ _7\"></span>ue of </td><td></td><td class=\"t m0 x99f h44 y20ef ff5f fs28 fc2 sc0 ls10a ws15e\">for non-<span class=\"_ _9\"></span>financial </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x9a2 h44 y20f0 ff5f fs28 fc2 sc0 ls10a ws15e\">loss component<span class=\"_ _304\"> </span></td><td class=\"t m0 x25d h44 y20f0 ff5f fs28 fc2 sc0 ls10a ws15c\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x5a0 h44 y20f0 ff5f fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>low<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x9a3 h44 y20f0 ff5f fs28 fc2 sc0 lse6 ws12d\">risk<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x1b1 h44 y20f1 ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y20f2 ff5f fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dece<span class=\"_ _7\"></span>mber 2022<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a4 h44 y20f2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a5 h44 y20f2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a6 h44 y20f2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x9a7 h44 y20f2 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x1b5 h44 y20f3 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y20f4 w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x9a8 y20f4 w52a h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>*<span class=\"_ _304\"> </span></div></td><td class=\"c n x9a9 y20f4 w362 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9aa y20f4 w52b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">(<span class=\"_ _7\"></span>2,<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ab y20f4 w52c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(5<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>3.4)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ac y20f4 w52d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(2<span class=\"_ _9\"></span>,856.9)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20f5 w4ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n x92f y20f5 w377 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ad y20f5 w52e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">1<span class=\"_ _9\"></span>6.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ae y20f5 w237 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">6<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9af y20f5 wd5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">8<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b0 y20f5 w24d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">8<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b1 y20f5 w52f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b2 y20f5 w530 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">6<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20f6 w531 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b3 y20f6 w532 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">39<span class=\"_ _7\"></span>6.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b4 y20f6 w533 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b5 y20f6 w534 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">3,<span class=\"_ _7\"></span>572.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b6 y20f6 w535 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">348.9<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x91b y20f6 w4dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4,3<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y20f7 ff5f fs7 fc2 sc0 ls38 ws41\">Cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n the cons<span class=\"_ _7\"></span>olidated in<span class=\"_ _7\"></span>come st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1bb he y20f8 ff5f fs7 fc2 sc0 ls38 ws41\">Insu<span class=\"_ _7\"></span>rance reve<span class=\"_ _7\"></span>nue, net of allo<span class=\"_ _7\"></span>cation <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1b7 y20fa w536 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">of r<span class=\"_ _9\"></span>einsurance premiums</div><div class=\"t m0 x9b7 h41 y20f9 ff5f fs27 fc2 sc0 ls8 ws4\">\u2020<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b8 y20fb w537 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(3,00<span class=\"_ _7\"></span>8.5)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b9 y20fb w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ba y20fb w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9bb y20fb w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9bc y20fb w537 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(3,00<span class=\"_ _7\"></span>8.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y20fc ff5f fs7 fc2 sc0 ls39 ws43\">Insurance ser<span class=\"_ _7\"></span>vice expenses,<span class=\"_ _9\"></span> net of amount<span class=\"_ _9\"></span>s <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1bb he y20fd ff5f fs7 fc2 sc0 ls3b ws44\">recov<span class=\"_ _9\"></span>erable from reins<span class=\"_ _9\"></span>urers<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20fe w4f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other at<span class=\"_ _7\"></span>tribut<span class=\"_ _7\"></span>able exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x93e y20fe wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9bd y20fe w538 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9be y20fe w539 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">2<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9bf y20fe w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">32.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c0 y20fe w53a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20ff w307 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _304\"> </span></div></td><td class=\"c n x943 y20ff w13f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c1 y20ff w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c2 y20ff w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c3 y20ff w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x5f2 y20ff w13f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2100 ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ments t<span class=\"_ _9\"></span>o liabilities f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2101 w4f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o pa<span class=\"_ _7\"></span>st ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce<span class=\"_ _304\"> </span></div></td><td class=\"c n x948 y2101 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x949 y2101 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x94a y2101 w53b h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">(2<span class=\"_ _9\"></span>58.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c4 y2101 w4e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">(12<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x56d y2101 w53c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">(<span class=\"_ _7\"></span>378.<span class=\"_ _7\"></span>5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2102 w4fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Loss<span class=\"_ _7\"></span>es and reve<span class=\"_ _7\"></span>rsal<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s on one<span class=\"_ _7\"></span>rous contr<span class=\"_ _7\"></span>acts<span class=\"_ _304\"> </span></div></td><td class=\"c n x94d y2102 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c5 y2102 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c6 y2102 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c7 y2102 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c8 y2102 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2103 w4fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s in non-pe<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk of reins<span class=\"_ _7\"></span>urers<span class=\"_ _304\"> </span></div></td><td class=\"c n x952 y2103 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x953 y2103 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c9 y2103 w30f h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ca y2103 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9cb y2103 w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2104 w53d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal n<span class=\"_ _7\"></span>et insura<span class=\"_ _7\"></span>nce se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice ex<span class=\"_ _7\"></span>pens<span class=\"_ _7\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n x9cc y2104 w81 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9cd y2104 w53e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ce y2104 w53f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">1<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>74<span class=\"_ _304\"> </span></div></td><td class=\"c n x9cf y2104 w540 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">0<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d0 y2104 w3e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>8<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9d1 y2104 w541 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>4<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e2 w31e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d2 y20e2 w542 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(2,<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d3 y20e2 w543 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9d4 y20e2 w544 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">1,<span class=\"_ _8\"></span>74<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d5 y20e2 w3e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>8<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9d6 y20e2 w545 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>36<span class=\"_ _7\"></span>0.9)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2105 w546 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance in<span class=\"_ _7\"></span>come/(<span class=\"_ _9\"></span>exp<span class=\"_ _7\"></span>ense) from in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce contra<span class=\"_ _7\"></span>cts<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d7 y2105 w484 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">3<span class=\"_ _7\"></span>8.2<span class=\"_ _304\"> </span></div></td><td class=\"c n x9d8 y2105 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9d9 y2105 w365 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9da y2105 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9db y2105 w547 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _7\"></span>111<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2106 w548 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fore<span class=\"_ _7\"></span>ign exchang<span class=\"_ _7\"></span>e gains<span class=\"_ _304\"> </span></div></td><td class=\"c n x9dc y2106 w549 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(6<span class=\"_ _7\"></span>5.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9dd y2106 w54a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9de y2106 w54b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _c\"> </span>74<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9df y2106 w54c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls27 ws2f\">(<span class=\"_ _7\"></span>15<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9e0 y2106 w29 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>5<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y20e5 w54d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal change r<span class=\"_ _9\"></span>ecognise<span class=\"_ _7\"></span>d in<span class=\"_ _9\"></span> comprehensive income<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e1 y20e5 w54e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(2<span class=\"_ _9\"></span>,03<span class=\"_ _7\"></span>0.<span class=\"_ _9\"></span>7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e2 y20e5 w53e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9e3 y20e5 w54f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>6<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e4 y20e5 w550 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(10<span class=\"_ _8\"></span>2.<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9e5 y20e5 w551 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>2<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2107 w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e6 y2107 w33e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">20.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e7 y2107 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9e8 y2107 w552 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(2<span class=\"_ _7\"></span>0.4<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9e9 y2107 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ea y2107 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2108 w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n x9eb y2108 w553 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(23<span class=\"_ _7\"></span>5.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ec y2108 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ed y2108 w554 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">(<span class=\"_ _7\"></span>575<span class=\"_ _7\"></span>.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ee y2108 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ef y2108 w555 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2109 ff5f fs7 fc2 sc0 ls38 ws41\">Net ca<span class=\"_ _7\"></span>sh flows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y210a w510 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws96\">Net pr<span class=\"_ _9\"></span>emium receiv<span class=\"_ _9\"></span>ed<span class=\"_ _304\"> </span></div></td><td class=\"c n x979 y210a w539 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">3<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n x97f y210a w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9c6 y210a w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9c7 y210a w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f0 y210a w556 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">3<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>9<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y210b w513 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e ser<span class=\"_ _7\"></span>vi<span class=\"_ _7\"></span>ce expe<span class=\"_ _7\"></span>nses pa<span class=\"_ _7\"></span>id<span class=\"_ _304\"> </span></div></td><td class=\"c n x97e y210b wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x97f y210b w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f1 y210b w557 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x1ee y20eb w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f2 y20eb w558 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2022 w516 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance acqui<span class=\"_ _9\"></span>sition cash flo<span class=\"_ _9\"></span>ws<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f3 y2022 w559 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(76<span class=\"_ _9\"></span>7<span class=\"_ _e\"></span>.<span class=\"_ _9\"></span>7)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f4 y2022 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f5 y2022 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f6 y2022 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9f7 y2022 w55a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(76<span class=\"_ _9\"></span>7<span class=\"_ _e\"></span>.<span class=\"_ _9\"></span>7)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed4 w55b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>ash flows<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f8 y1ed4 w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>32<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f9 y1ed4 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9fa y1ed4 w55c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _8\"></span>1<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x9fb y1ed4 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9fc y1ed4 w556 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2081 w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x9fd y2081 w55d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">1<span class=\"_ _9\"></span>86.8*<span class=\"_ _304\"> </span></div></td><td class=\"c n x9fe y2081 w55e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">(0.6)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x9ff y2081 w55f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa00 y2081 w560 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa01 y2081 w561 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>2<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xa02 y1ed8 w562 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa03 y1ed8 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa04 y1ed8 w563 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">5<span class=\"_ _7\"></span>,<span class=\"_ _9\"></span>737<span class=\"_ _a\"></span>.<span class=\"_ _a\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa05 y1ed8 w2ba h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">6<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa06 y1ed8 wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">6,6<span class=\"_ _7\"></span>94.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w564 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xa07 y1e80 w565 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">4<span class=\"_ _7\"></span>74<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xa08 y1e80 w40e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa09 y1e80 w200 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws81\">3,<span class=\"_ _9\"></span>454.<span class=\"_ _a\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0a y1e80 w3d1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">24<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa0b y1e80 w566 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _2c\"></span>,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 h5 ff5f fs2 fc2 sc0 lsc wsc gsdeb\">*In<span class=\"_ _7\"></span>clu<span class=\"_ _7\"></span>des L<span class=\"_ _7\"></span>PT AR<span class=\"_ _7\"></span>C gros<span class=\"_ _7\"></span>s of pre<span class=\"_ _7\"></span>miu<span class=\"_ _7\"></span>m rec<span class=\"_ _7\"></span>eiv<span class=\"_ _7\"></span>abl<span class=\"_ _7\"></span>e $493.0 m<span class=\"_ _7\"></span>illi<span class=\"_ _7\"></span>on at 31 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 20<span class=\"_ _7\"></span>2<span class=\"_ _9\"></span>1 an<span class=\"_ _7\"></span>d $53<span class=\"_ _7\"></span>4.<span class=\"_ _a\"></span>1 mil<span class=\"_ _7\"></span>lio<span class=\"_ _7\"></span>n at 3<span class=\"_ _9\"></span>1 D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r 2022.<span class=\"_ _304\"> </span></div><div class=\"t m0 h16 ff5f fs9 fc2 sc0 ls8 ws4 gsdec\">\u2020<span class=\"_ _304\"> </span></div><div class=\"t m0 h5 ff5f fs2 fc2 sc0 lsc wsc gsded\">Inc<span class=\"_ _7\"></span>lud<span class=\"_ _7\"></span>es a<span class=\"_ _7\"></span>lloc<span class=\"_ _7\"></span>atio<span class=\"_ _7\"></span>n of LP<span class=\"_ _7\"></span>T prem<span class=\"_ _7\"></span>ium of $1<span class=\"_ _9\"></span>8<span class=\"_ _7\"></span>0.8 mill<span class=\"_ _7\"></span>ion.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsdee\">Prio<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>-year d<span class=\"_ _7\"></span>evelopm<span class=\"_ _7\"></span>ent rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed for the yea<span class=\"_ _7\"></span>r amou<span class=\"_ _7\"></span>nts t<span class=\"_ _9\"></span>o $1<span class=\"_ _a\"></span>22<span class=\"_ _9\"></span>.8 mill<span class=\"_ _7\"></span>ion (2022<span class=\"_ _9\"></span>: $209<span class=\"_ _9\"></span>.4 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>) an<span class=\"_ _7\"></span>d comp<span class=\"_ _7\"></span>rise<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>: </div><div class=\"gsdef\"><table class=\"s w567 ha1\" id=\"_001a3f05-fbe1-47c9-b8c7-a35c5a7efd28\"><tr><td></td><td class=\"t m0 x26c h43 y210c ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y210c ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y210d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y210d ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c x1b7 y2016 w568 h98\"><div class=\"t m0 x1b6 he y1ee4 ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ment to<span class=\"_ _9\"></span> liabilities f<span class=\"_ _9\"></span>or incurred claims r<span class=\"_ _9\"></span>elating t<span class=\"_ _9\"></span>o past<span class=\"_ _9\"></span> ser<span class=\"_ _7\"></span>vice,<span class=\"_ _304\"> </span></div><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">net of rein<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce recover<span class=\"_ _7\"></span>ies (on a pre<span class=\"_ _7\"></span>sent-<span class=\"_ _9\"></span>valu<span class=\"_ _7\"></span>e basis)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0c y2016 w1e9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">203<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0d y2016 w121 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">378.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w569 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ment for discoun<span class=\"_ _9\"></span>ting impa<span class=\"_ _9\"></span>ct<span class=\"_ _304\"> </span></div></td><td class=\"c n x70c y1f86 w56a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>9<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0e y1f86 w1df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w56b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ment for LPT<span class=\"_ _9\"></span> premium and e<span class=\"_ _9\"></span>xperie<span class=\"_ _7\"></span>nce adj<span class=\"_ _9\"></span>ustment<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0f y1ed8 w50c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa10 y1ed8 w56c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">(18<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n xa11 y1e80 w426 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa12 y1e80 w3e8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">20<span class=\"_ _7\"></span>9.4<span class=\"_ _304\"> </span></div></td></tr></table></div>20<span class=\"_ _9\"></span>.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>(b<span class=\"_ _9\"></span>) Insurance<span class=\"_ _9\"></span> contract liabil<span class=\"_ _9\"></span>ities<span class=\"_ _304\"> </span>Insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts \u2013 a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>is by remain<span class=\"_ _7\"></span>ing covera<span class=\"_ _7\"></span>ge and in<span class=\"_ _7\"></span>curre<span class=\"_ _7\"></span>d claim<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span><table class=\"s w56d hcf\" id=\"_b3d17107-8bff-41b0-8280-c82761662aae\"><tr><td></td><td></td><td class=\"c n xa13 y210f w56e h91\"><div class=\"t m0 x1b6 h43 y210e ff64 fs28 fc2 sc0 lsf0 ws13c\">Liabilities for remaining coverage<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa14 y210f w56f h91\"><div class=\"t m0 x1b6 h43 y210e ff64 fs28 fc2 sc0 lsf3 ws1d9\">Liabilities<span class=\"_ _9\"></span> for incurred<span class=\"_ _9\"></span> claims<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 xa15 h43 y2110 ff64 fs28 fc2 sc0 lsf0 ws13c\">LRC excluding<span class=\"_ _9\"></span> </td><td class=\"t m0 x464 h43 y2110 ff64 fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>s<span class=\"_ _7\"></span>s </td><td class=\"t m0 x522 h43 y2110 ff64 fs28 fc2 sc0 ls10a ws15e\">Estimates<span class=\"_ _9\"></span> of </td><td class=\"t m0 x923 h43 y2110 ff64 fs28 fc2 sc0 ls7c wsdf\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 xa16 h43 y2111 ff64 fs28 fc2 sc0 lse6 ws138\">loss component<span class=\"_ _304\"> </span></td><td class=\"t m0 x925 h43 y2111 ff64 fs28 fc2 sc0 lse6 ws12d\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e5 h43 y2111 ff64 fs28 fc2 sc0 lsf0 ws13c\">present value of<span class=\"_ _9\"></span> </td><td class=\"t m0 x926 h43 y2111 ff64 fs28 fc2 sc0 lse6 ws138\">for non-financial<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 x6b5 h43 y2112 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e3 h43 y2112 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x928 h43 y2112 ff64 fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>lows<span class=\"_ _304\"> </span></td><td class=\"t m0 x51d h43 y2112 ff64 fs28 fc2 sc0 ls7c ws98\">risk<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y2113 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 h25 y2114 ff64 fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2023<span class=\"_ _304\"> </span></td><td></td><td></td><td class=\"t m0 x929 h43 y2114 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e8 h43 y2114 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y2115 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1fb6 w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xa17 y1fb6 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa18 y1fb6 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa19 y1fb6 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1a y1fb6 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x81a y1fb6 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2116 w4ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1b y2116 w12e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1c y2116 w3fe h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1d y2116 w570 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"> </span>,<span class=\"_ _8\"></span>7<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1e y2116 w14e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1f y2116 wa5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,69<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1feb w4ec h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xa20 y1feb w12e h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa21 y1feb w3f6 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa22 y1feb w44e h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _2c\"></span>3<span class=\"_ _8\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa23 y1feb w2c2 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _2c\"></span>6<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa24 y1feb w22e h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">6,6<span class=\"_ _7\"></span>94.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y2117 ff64 fs7 fc2 sc0 ls7c ws89\">Changes in the consolidated income statement<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2118 w10 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue<span class=\"_ _304\"> </span></div></td><td class=\"c n xa25 y2118 w571 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">(4,48<span class=\"_ _7\"></span>3.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa26 y2118 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa27 y2118 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa28 y2118 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa29 y2118 w572 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">(<span class=\"_ _9\"></span>4,48<span class=\"_ _7\"></span>3.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y2119 ff64 fs7 fc2 sc0 ls39 ws43\">Insurance ser<span class=\"_ _7\"></span>vice e<span class=\"_ _9\"></span>xpenses<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y211a w4f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other at<span class=\"_ _7\"></span>tribut<span class=\"_ _7\"></span>able exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2a y211a wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2b y211a w4d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(8.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2c y211a w573 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">2<span class=\"_ _9\"></span>,369.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2d y211a w574 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">11<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x258 y211a w575 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">2,<span class=\"_ _7\"></span>47<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y211b w307 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2e y211b w1cf h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ec y211b w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2f y211b w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x891 y211b w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa30 y211b w1cf h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y211c ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ments t<span class=\"_ _9\"></span>o liabilities f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> relating<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td class=\"c n xa31 y211d wc1 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa32 y211d w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa33 y211d w576 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8a wsa0\">(372.<span class=\"_ _7\"></span>9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa34 y211d w2fa h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">3<span class=\"_ _7\"></span>6.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xa35 y211d w1e6 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y211e ff5f fs7 fc2 sc0 ls38 ws41\">to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y211f w4fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Loss<span class=\"_ _7\"></span>es and reve<span class=\"_ _7\"></span>rsal<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s on one<span class=\"_ _7\"></span>rous contr<span class=\"_ _7\"></span>acts<span class=\"_ _304\"> </span></div></td><td class=\"c n xa36 y211f wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa37 y211f w262 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xa38 y211f w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa39 y211f w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x917 y211f w577 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2120 w578 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal insurance service expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3a y2120 w1cf h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3b y2120 w2e7 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3c y2120 w17 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n x99a y2120 w224 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls155 ws204\">14<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x97d y2120 w579 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2121 w29f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3c ws45\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3d y2121 w57a h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls99 ws1d5\">(3,<span class=\"_ _9\"></span>444.2<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3e y2121 w2e7 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa3f y2121 w17 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa40 y2121 w224 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls155 ws204\">14<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa41 y2121 w57b h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">(1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2122 w57c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s from ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n xa42 y2122 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa43 y2122 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa44 y2122 w219 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xa45 y2122 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa46 y2122 w219 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2123 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n xa47 y2123 w57d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls15d ws211\">24<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa48 y2123 wee h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa49 y2123 w57e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">73<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4a y2123 w47d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4b y2123 w2ea h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2124 w57f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al chang<span class=\"_ _7\"></span>e in the con<span class=\"_ _7\"></span>solidate<span class=\"_ _7\"></span>d income s<span class=\"_ _7\"></span>tateme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4c y2124 w580 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls16f ws230\">(<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>419<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4d y2124 w38c h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa6 wsc1\">5.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4e y2124 w95 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2,<span class=\"_ _7\"></span>29<span class=\"_ _7\"></span>0.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa4f y2124 w581 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">1<span class=\"_ _9\"></span>56.<span class=\"_ _a\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa50 y2124 w582 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>9<span class=\"_ _c\"> </span>6<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2125 w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n xa51 y2125 w4f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa52 y2125 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa53 y2125 w41a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa54 y2125 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa55 y2125 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdc w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n xa56 y1fdc w50e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(258.<span class=\"_ _9\"></span>0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa57 y1fdc w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa58 y1fdc w583 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">(6<span class=\"_ _7\"></span>93.<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa59 y1fdc w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5a y1fdc w585 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y2126 ff64 fs7 fc2 sc0 ls87 ws9e\">Ca<span class=\"_ _7\"></span>sh fl<span class=\"_ _7\"></span>ows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2127 w586 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Premi<span class=\"_ _7\"></span>um rec<span class=\"_ _7\"></span>eived<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5b y2127 w587 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">4,54<span class=\"_ _7\"></span>3.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5c y2127 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x5b0 y2127 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x31e y2127 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5d y2127 w2ce h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">4,5<span class=\"_ _7\"></span>43.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2128 w588 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cla<span class=\"_ _7\"></span>ims and othe<span class=\"_ _7\"></span>r insur<span class=\"_ _7\"></span>ance se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e expens<span class=\"_ _7\"></span>es pai<span class=\"_ _7\"></span>d<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5e y2128 wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x975 y2128 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5f y2128 w589 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(1<span class=\"_ _a\"></span>,9<span class=\"_ _7\"></span>08.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa60 y2128 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa61 y2128 w589 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(1<span class=\"_ _a\"></span>,9<span class=\"_ _7\"></span>08.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2129 w516 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance acqui<span class=\"_ _9\"></span>sition cash flo<span class=\"_ _9\"></span>ws<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f3 y2129 w58a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(80<span class=\"_ _7\"></span>6.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa62 y2129 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa63 y2129 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa64 y2129 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa65 y2129 w58a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(80<span class=\"_ _7\"></span>6.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y212a w519 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows<span class=\"_ _304\"> </span></div></td><td class=\"c n xa66 y212a w452 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa67 y207c w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa68 y207c w58b h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>,908.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa69 y207c w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6a y207c w1cf h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f7e w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6b y1f7e wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6c y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6d y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6e y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6f y1f7e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fcd w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xa70 y1fcd w58c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls94 wsa9\">3<span class=\"_ _7\"></span>46.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa71 y1fcd w58d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _c\"> </span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa72 y1fcd w58e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">5,427<span class=\"_ _20\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x900 y1fcd w21c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x4bd y1fcd w22e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6,6<span class=\"_ _7\"></span>04.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w524 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xa73 y1e80 w522 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls94 wsa9\">346.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x967 y1e80 w1f3 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa74 y1e80 w1f8 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls75 ws11a\">5,42<span class=\"_ _9\"></span>7<span class=\"_ _a\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa75 y1e80 w361 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa76 y1e80 wa5 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">6,6<span class=\"_ _7\"></span>04.0<span class=\"_ _304\"> </span></div></td></tr></table><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gsdf5\">20<span class=\"_ _9\"></span>.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>(b<span class=\"_ _9\"></span>) Insurance<span class=\"_ _9\"></span> contract liabil<span class=\"_ _9\"></span>ities<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gsdf6\">Insu<span class=\"_ _7\"></span>rance c<span class=\"_ _7\"></span>ontracts \u2013 a<span class=\"_ _7\"></span>nalys<span class=\"_ _7\"></span>is by remain<span class=\"_ _7\"></span>ing covera<span class=\"_ _7\"></span>ge and in<span class=\"_ _7\"></span>curre<span class=\"_ _7\"></span>d claim<span class=\"_ _7\"></span>s continu<span class=\"_ _7\"></span>ed<span class=\"_ _304\"> </span></div><div class=\"gsdea\"><table class=\"s w58f hd0\" id=\"_a853bac8-7a3d-4811-b697-38c05bd81d49\"><tr><td></td><td></td><td class=\"c n xa77 y212b w590 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Liabilities for<span class=\"_ _9\"></span> remaining cov<span class=\"_ _9\"></span>erage<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xa78 y212b w591 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Liabilities for<span class=\"_ _9\"></span> incurred claims<span class=\"_ _304\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xa79 h44 y212c ff5f fs28 fc2 sc0 ls10a ws15e\">LRC ex<span class=\"_ _9\"></span>cluding </td><td class=\"t m0 x490 h44 y212c ff5f fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>ss </td><td></td><td class=\"t m0 x99e h44 y212c ff5f fs28 fc2 sc0 lse6 ws138\">Estimates o<span class=\"_ _9\"></span>f </td><td class=\"t m0 x99f h44 y212c ff5f fs28 fc2 sc0 lse6 ws138\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x435 h44 y212d ff5f fs28 fc2 sc0 ls10a ws15e\">loss component<span class=\"_ _304\"> </span></td><td class=\"t m0 x25d h44 y212d ff5f fs28 fc2 sc0 ls10a ws15c\">component<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x9a1 h44 y212d ff5f fs28 fc2 sc0 lse4 ws15d\">pre<span class=\"_ _7\"></span>se<span class=\"_ _7\"></span>nt val<span class=\"_ _7\"></span>ue of </td><td class=\"t m0 x99f h44 y212d ff5f fs28 fc2 sc0 ls10a ws15e\">for non-<span class=\"_ _9\"></span>financial </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xa7a h44 y212e ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a5 h44 y212e ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x5a0 h44 y212e ff5f fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>low<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a3 h44 y212e ff5f fs28 fc2 sc0 lse6 ws12d\">risk<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x1b1 h44 y212f ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y2130 ff5f fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dece<span class=\"_ _7\"></span>mber 2022<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td class=\"t m0 x9a6 h44 y2130 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a7 h44 y2130 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x1b5 h44 y2131 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2132 w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xa17 y2132 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa18 y2132 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa19 y2132 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1a y2132 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x81a y2132 w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1feb w4ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1b y1feb w5b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>3<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ad y1feb w52e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">1<span class=\"_ _9\"></span>6.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ae y1feb w237 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">6<span class=\"_ _8\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9af y1feb wd5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">8<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b0 y1feb w24d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">8<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b1 y1feb w52f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x9b2 y1feb w530 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">6<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2133 w531 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xa7b y2133 w5b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>3<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xa7c y2133 w52e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">1<span class=\"_ _9\"></span>6.5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa7d y2133 w592 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">6<span class=\"_ _8\"></span>,1<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xa7e y2133 w24d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">8<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa7f y2133 w52f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">7,<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xa80 y2133 w530 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse8 ws131\">6<span class=\"_ _c\"> </span>.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2134 ff5f fs7 fc2 sc0 ls38 ws41\">Cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n the cons<span class=\"_ _7\"></span>olidated in<span class=\"_ _7\"></span>come st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2135 w10 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e revenue<span class=\"_ _304\"> </span></div></td><td class=\"c n xa81 y2135 w593 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4,<span class=\"_ _7\"></span>273<span class=\"_ _7\"></span>.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa82 y2135 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa38 y2135 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa39 y2135 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa83 y2135 w593 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4,<span class=\"_ _7\"></span>273<span class=\"_ _7\"></span>.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2136 w4f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Incu<span class=\"_ _7\"></span>rred cl<span class=\"_ _7\"></span>aims an<span class=\"_ _7\"></span>d other at<span class=\"_ _7\"></span>tribut<span class=\"_ _7\"></span>able exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xa2a y2136 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa84 y2136 w594 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa85 y2136 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>92<span class=\"_ _7\"></span>2.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xa86 y2136 w18f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">75<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa87 y2136 wa0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>0.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fef w307 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Acquisition<span class=\"_ _9\"></span> costs<span class=\"_ _304\"> </span></div></td><td class=\"c n xa88 y1fef w595 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5c y1fef w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x5b0 y1fef w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x31e y1fef w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n x3ee y1fef w13f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2137 ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ments t<span class=\"_ _9\"></span>o liabilities f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> relating<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2138 w596 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice<span class=\"_ _304\"> </span></div></td><td class=\"c n xa89 y2138 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa8a y2138 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa8b y2138 w597 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb0 wscd\">(2<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>6.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa8c y2138 w598 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(23<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.5)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa8d y2138 w599 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">(5<span class=\"_ _7\"></span>03.9)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2139 w4fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Loss<span class=\"_ _7\"></span>es and reve<span class=\"_ _7\"></span>rsal<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s on one<span class=\"_ _7\"></span>rous contr<span class=\"_ _7\"></span>acts<span class=\"_ _304\"> </span></div></td><td class=\"c n xa36 y2139 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa8e y2139 w59a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.8<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa8f y2139 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa90 y2139 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa91 y2139 w59b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2120 w59c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>otal insurance service expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n xa92 y2120 w13f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xa93 y2120 w59d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa94 y2120 w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,6<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa95 y2120 w59e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">(16<span class=\"_ _8\"></span>2.<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa96 y2120 w59f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">3,48<span class=\"_ _7\"></span>5.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213a w31e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Insurance ser<span class=\"_ _7\"></span>vice result<span class=\"_ _304\"> </span></div></td><td class=\"c n xa97 y213a w5a0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>3<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>2<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa98 y213a w5a1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa99 y213a w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,6<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9a y213a w5a2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">(16<span class=\"_ _8\"></span>2.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa9b y213a w5a3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _c\"> </span>7<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ff3 w5a4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance in<span class=\"_ _7\"></span>come f<span class=\"_ _7\"></span>rom insur<span class=\"_ _7\"></span>ance c<span class=\"_ _7\"></span>ontracts<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9c y1ff3 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9d y1ff3 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa9e y1ff3 w309 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9f y1ff3 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa0 y1ff3 w309 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213b w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa1 y213b w41 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4<span class=\"_ _7\"></span>5.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa2 y213b w54a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa3 y213b w5a5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(14<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa4 y213b w5a6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">(2<span class=\"_ _7\"></span>3.0)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa5 y213b w34d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(2<span class=\"_ _7\"></span>09<span class=\"_ _7\"></span>.2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213c w5a7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>e in the con<span class=\"_ _7\"></span>solidated i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa6 y213c w5a8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3,31<span class=\"_ _9\"></span>3.<span class=\"_ _9\"></span>0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaa7 y213c w2b1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa8 y213c w5a9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>3<span class=\"_ _2c\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x228 y213c w5aa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">(18<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaa9 y213c w5ab h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(<span class=\"_ _7\"></span>1,<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213d w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n xa51 y213d w41d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>2.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x944 y213d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaaa y213d w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xaab y213d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaac y213d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y213e w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n xaad y213e w5ac h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(23<span class=\"_ _7\"></span>5.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaae y213e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xaaf y213e w5ad h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">(<span class=\"_ _7\"></span>575<span class=\"_ _7\"></span>.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xab0 y213e w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xab1 y213e w5ae h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y213f ff5f fs7 fc2 sc0 ls89 wsfe\">Cash flows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1ff6 w586 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Premi<span class=\"_ _7\"></span>um rec<span class=\"_ _7\"></span>eived<span class=\"_ _304\"> </span></div></td><td class=\"c n xab2 y1ff6 w5af h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsf8 ws146\">4<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>475<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xab3 y1ff6 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xab4 y1ff6 w58a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsf8 ws146\">4,<span class=\"_ _7\"></span>475<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2140 w588 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cla<span class=\"_ _7\"></span>ims and othe<span class=\"_ _7\"></span>r insur<span class=\"_ _7\"></span>ance se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e expens<span class=\"_ _7\"></span>es pai<span class=\"_ _7\"></span>d<span class=\"_ _304\"> </span></div></td><td class=\"c n xa5e y2140 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xab5 y2140 w5b0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(2,<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>79.2)<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n x99b y2140 w5b0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(2,<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>79.2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2141 w516 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance acqui<span class=\"_ _9\"></span>sition cash flo<span class=\"_ _9\"></span>ws<span class=\"_ _304\"> </span></div></td><td class=\"c n xab6 y2141 w5b1 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(7<span class=\"_ _9\"></span>67<span class=\"_ _e\"></span>.<span class=\"_ _9\"></span>7)<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xab7 y2141 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xab8 y2141 w559 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">(76<span class=\"_ _9\"></span>7<span class=\"_ _e\"></span>.<span class=\"_ _9\"></span>7)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y212a w55b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>ash flows<span class=\"_ _304\"> </span></div></td><td class=\"c n xa88 y212a w5b2 h92\" colspan=\"2\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">3<span class=\"_ _7\"></span>,70<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xab9 y212a w5b0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(2,<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>79.2)<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xaba y212a w5a9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2142 w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6b y2142 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6c y2142 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xa6d y2142 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa6e y2142 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td></td><td class=\"t m0 xabb he y2143 ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1ed8 w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xabc y1ed8 w5b3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xabd y1ed8 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xabe y1ed8 w5b4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">5,737<span class=\"_ _20\"></span>.<span class=\"_ _9\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xabf y1ed8 w5b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">6<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xac0 y1ed8 wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">6,6<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w564 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xac1 y1e80 w18 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xac2 y1e80 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xac3 y1e80 w5b4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">5,737<span class=\"_ _20\"></span>.<span class=\"_ _9\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xac4 y1e80 w5b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">6<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xac5 y1e80 wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">6,6<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td></tr></table></div>20.<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>(<span class=\"_ _9\"></span>c) Reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>t held as<span class=\"_ _7\"></span>sets \u2013 ana<span class=\"_ _7\"></span>lysis by re<span class=\"_ _7\"></span>maini<span class=\"_ _7\"></span>ng coverage a<span class=\"_ _7\"></span>nd incu<span class=\"_ _7\"></span>rred c<span class=\"_ _7\"></span>laims<span class=\"_ _304\"> </span><table class=\"s w5b6 hd1\" id=\"_e110a9d8-980e-4720-a25c-eb60c3cc329d\"><tr><td></td><td></td><td class=\"c n xac6 y2144 w5b7 h91\"><div class=\"t m0 x1b6 h43 y210e ff64 fs28 fc2 sc0 lsf0 ws13c\">Asset for remaining coverage<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xac7 y2144 w5b8 h91\"><div class=\"t m0 x1b6 h43 y210e ff64 fs28 fc2 sc0 lse4 ws15d\">As<span class=\"_ _7\"></span>set fo<span class=\"_ _7\"></span>r inc<span class=\"_ _7\"></span>urr<span class=\"_ _7\"></span>ed cl<span class=\"_ _7\"></span>aim<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 xa15 h43 y2145 ff64 fs28 fc2 sc0 lsf0 ws13c\">ARC excluding<span class=\"_ _9\"></span> </td><td class=\"t m0 x464 h43 y2145 ff64 fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>s<span class=\"_ _7\"></span>s </td><td class=\"t m0 x522 h43 y2145 ff64 fs28 fc2 sc0 ls10a ws15e\">Estimates<span class=\"_ _9\"></span> of </td><td class=\"t m0 x923 h43 y2145 ff64 fs28 fc2 sc0 ls7c wsdf\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 xac8 h43 y2146 ff64 fs28 fc2 sc0 lse4 ws15d\">los<span class=\"_ _7\"></span>s re<span class=\"_ _7\"></span>cove<span class=\"_ _7\"></span>ry<span class=\"_ _304\"> </span></td><td class=\"t m0 xac9 h43 y2146 ff64 fs28 fc2 sc0 ls143 ws1e4\">rec<span class=\"_ _7\"></span>over<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e5 h43 y2146 ff64 fs28 fc2 sc0 lsf0 ws13c\">present value of<span class=\"_ _9\"></span> </td><td class=\"t m0 x926 h43 y2146 ff64 fs28 fc2 sc0 lse6 ws138\">for non-financial<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 xaca h43 y2147 ff64 fs28 fc2 sc0 lse6 ws12d\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x925 h43 y2147 ff64 fs28 fc2 sc0 lse6 ws12d\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x928 h43 y2147 ff64 fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>lows<span class=\"_ _304\"> </span></td><td class=\"t m0 x51d h43 y2147 ff64 fs28 fc2 sc0 ls7c ws98\">risk<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y2148 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 h25 y2149 ff64 fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x6b5 h43 y2149 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x3e3 h43 y2149 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x929 h43 y2149 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x5e8 h43 y2149 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h43 y214a ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y214b w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x92a y214b w5b9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>86.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xacb y214b w2e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xacc y214b w397 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xacd y214b w2ae h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">4<span class=\"_ _7\"></span>21.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xace y214b w44e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y214c w4ea h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xa17 y214c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa18 y214c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa19 y214c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1a y214c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x81a y214c w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y214d w4ec h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xacf y214d w5ba h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>86.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xad0 y214d w3cb h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xad1 y214d w397 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x99a y214d w21c h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">4<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xad2 y214d w44e h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y214e ff64 fs7 fc2 sc0 ls7c ws89\">Changes in the consolidated income statement<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y214f w294 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums<span class=\"_ _304\"> </span></div></td><td class=\"c n xad3 y214f w5bb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,11<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xad4 y214f w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xad5 y214f w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa60 y214f w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xad6 y214f w2d0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,11<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y2150 ff64 fs7 fc2 sc0 ls39 ws43\">Amounts recov<span class=\"_ _9\"></span>erable from reinsurers<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2151 w5bc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s of incur<span class=\"_ _7\"></span>red cla<span class=\"_ _7\"></span>ims and othe<span class=\"_ _7\"></span>r attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble expe<span class=\"_ _7\"></span>nses<span class=\"_ _304\"> </span></div></td><td class=\"c n xad7 y2151 wc1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xad8 y2151 w2d3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xad9 y2151 w3c0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">406.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xada y2151 wa4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4<span class=\"_ _7\"></span>0.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xadb y2151 w1e9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">446<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2152 ff5f fs7 fc2 sc0 ls38 ws41\">Adjus<span class=\"_ _7\"></span>tments to assets for i<span class=\"_ _7\"></span>ncur<span class=\"_ _7\"></span>red clai<span class=\"_ _7\"></span>ms relatin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></td><td class=\"c n xa31 y2153 wc1 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa32 y2153 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa33 y2153 w5bd h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsc7 wse8\">(19<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xadc y2153 w164 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls74 ws82\">6<span class=\"_ _7\"></span>0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xadd y2153 wf2 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lseb ws136\">(13<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _9\"></span>1)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2154 ff5f fs7 fc2 sc0 ls38 ws41\">to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2155 w4fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s in non-pe<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk of reins<span class=\"_ _7\"></span>urers<span class=\"_ _304\"> </span></div></td><td class=\"c n xade y2155 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9d y2155 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xadf y2155 w2e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x9ca y2155 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xae0 y2155 w2fd h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2156 w5be h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al amou<span class=\"_ _7\"></span>nts recover<span class=\"_ _7\"></span>able fro<span class=\"_ _7\"></span>m reinsu<span class=\"_ _7\"></span>rers<span class=\"_ _304\"> </span></div></td><td class=\"c n xae1 y2156 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xae2 y2156 w102 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">(0<span class=\"_ _7\"></span>.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xae3 y2156 w5bf h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n xae4 y2156 w5c0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xae5 y2156 w1b h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2157 w29c h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">Net expense fr<span class=\"_ _9\"></span>om reinsurance contracts held<span class=\"_ _304\"> </span></div></td><td class=\"c n xae6 y2157 w2d0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,11<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xae7 y2157 w2d3 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">(0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xae8 y2157 w63 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _8\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n xae9 y2157 w5c0 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xaea y2157 w1dd h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2158 w5c1 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls39 ws43\">Net finance income<span class=\"_ _9\"></span> from reinsurance contracts<span class=\"_ _304\"> </span></div></td><td class=\"c n xaeb y2158 we8 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xaec y2158 w5f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xaed y2158 w28 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">7<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xaee y2158 w6f h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xaef y2158 w2a9 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">8<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2159 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf0 y2159 w2e7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf1 y2159 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf2 y2159 w2a9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf3 y2159 w2f2 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(<span class=\"_ _7\"></span>0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf4 y2159 we1 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls78 ws122\">25.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdb w5c2 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al chang<span class=\"_ _7\"></span>es in the c<span class=\"_ _7\"></span>onsolid<span class=\"_ _7\"></span>ated inco<span class=\"_ _7\"></span>me statem<span class=\"_ _7\"></span>ent<span class=\"_ _304\"> </span></div></td><td class=\"c n x795 y1fdb w5c3 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>0<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf5 y1fdb w102 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">(<span class=\"_ _7\"></span>0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf6 y1fdb w5c4 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls12a ws1ee\">3<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf7 y1fdb w166 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf8 y1fdb w5c5 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fdc w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n xaf9 y1fdc w2e5 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(3<span class=\"_ _7\"></span>2.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xafa y1fdc w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xafb y1fdc w17b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">32.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x946 y1fdc w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xafc y1fdc w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y215a w50d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ra<span class=\"_ _7\"></span>nsfer to other items i<span class=\"_ _7\"></span>n bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et<span class=\"_ _304\"> </span></div></td><td class=\"c n xafd y215a w5c6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xafe y215a w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xaff y215a w14c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">(<span class=\"_ _7\"></span>10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb00 y215a w102 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(<span class=\"_ _7\"></span>0.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb01 y215a w5c7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">(<span class=\"_ _7\"></span>10<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 h25 y215b ff64 fs7 fc2 sc0 ls87 ws9e\">Ca<span class=\"_ _7\"></span>sh fl<span class=\"_ _7\"></span>ows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y215c w5c8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Premi<span class=\"_ _7\"></span>um paid<span class=\"_ _304\"> </span></div></td><td class=\"c n xb02 y215c w5c9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">1<span class=\"_ _9\"></span>,<span class=\"_ _7\"></span>206<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9d y215c w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb03 y215c w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb04 y215c w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb05 y215c w5c9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">1<span class=\"_ _9\"></span>,<span class=\"_ _7\"></span>206<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2129 w5ca h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amounts received<span class=\"_ _304\"> </span></div></td><td class=\"c n xb06 y2129 wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb07 y2129 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb08 y2129 w5cb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _7\"></span>919<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb09 y2129 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x344 y2129 w171 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _7\"></span>919<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y215d w519 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al cas<span class=\"_ _7\"></span>h flows<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0a y215d w5cc h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls83 ws11d\">1<span class=\"_ _9\"></span>,20<span class=\"_ _7\"></span>6.4<span class=\"_ _304\"> </span></div></td><td class=\"c n x97a y215d w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0b y215d w5cd h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _7\"></span>919<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0c y215d w5f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0d y215d w45d h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls3a ws130\">28<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y215e w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x98d y215e w5ce h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>8.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0e y215e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb0f y215e w17 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb10 y215e w3fb h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsd4 wsfa\">520.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb11 y215e w95 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2,0<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fcd w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xb12 y1fcd wc1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb13 y1fcd w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb14 y1fcd w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb15 y1fcd w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb16 y1fcd w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w524 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls7c ws89\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xb17 y1e80 w5ce h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls6d wsc4\">(<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>8.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb18 y1e80 w6f h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb19 y1e80 w17 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb1a y1e80 w5cf h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsd4 wsfa\">520.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb1b y1e80 wf7 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 lsde ws144\">2,0<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>.3<span class=\"_ _304\"> </span></div></td></tr></table><table class=\"s w5d0 hd2\" id=\"_18c4c0cd-b71e-4d05-971f-6700fd65004f\"><tr><td></td><td></td><td class=\"c n xb1c y215f w5d1 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 lse4 ws15d\">As<span class=\"_ _7\"></span>set fo<span class=\"_ _7\"></span>r rem<span class=\"_ _7\"></span>ain<span class=\"_ _7\"></span>ing c<span class=\"_ _7\"></span>overa<span class=\"_ _7\"></span>ge<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xb1d y215f w5d2 h91\"><div class=\"t m0 x1b6 h44 y20b4 ff5f fs28 fc2 sc0 ls10a ws15e\">Asset for incurr<span class=\"_ _9\"></span>ed claims<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x41d h44 y2160 ff5f fs28 fc2 sc0 lsed ws139\">ARC ex<span class=\"_ _9\"></span>cluding </td><td class=\"t m0 x490 h44 y2160 ff5f fs28 fc2 sc0 ls8 ws4\">Lo<span class=\"_ _7\"></span>ss </td><td class=\"t m0 x99e h44 y2160 ff5f fs28 fc2 sc0 lse6 ws138\">Estimates o<span class=\"_ _9\"></span>f </td><td class=\"t m0 x99f h44 y2160 ff5f fs28 fc2 sc0 lse6 ws138\">Risk adjustment<span class=\"_ _9\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 xb1e h44 y2161 ff5f fs28 fc2 sc0 lsa0 ws1e0\">loss r<span class=\"_ _9\"></span>ecovery<span class=\"_ _304\"> </span></td><td class=\"t m0 xb1f h44 y2161 ff5f fs28 fc2 sc0 ls174 ws23e\">recove<span class=\"_ _7\"></span>ry<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a1 h44 y2161 ff5f fs28 fc2 sc0 lse4 ws15d\">pre<span class=\"_ _7\"></span>se<span class=\"_ _7\"></span>nt val<span class=\"_ _7\"></span>ue of </td><td class=\"t m0 x99f h44 y2161 ff5f fs28 fc2 sc0 ls10a ws15e\">for non-<span class=\"_ _9\"></span>financial </td><td></td></tr><tr><td></td><td class=\"t m0 xb20 h44 y2162 ff5f fs28 fc2 sc0 ls10a ws15c\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x25d h44 y2162 ff5f fs28 fc2 sc0 ls10a ws15c\">component<span class=\"_ _304\"> </span></td><td class=\"t m0 x5a0 h44 y2162 ff5f fs28 fc2 sc0 lse4 ws15d\">fu<span class=\"_ _7\"></span>ture c<span class=\"_ _7\"></span>ash f<span class=\"_ _7\"></span>low<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a3 h44 y2162 ff5f fs28 fc2 sc0 lse6 ws12d\">risk<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y2163 ff5f fs28 fc2 sc0 lsf4 ws140\">To<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>l<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y2164 ff5f fs7 fc2 sc0 ls38 ws41\">Y<span class=\"_ _a\"></span>e<span class=\"_ _7\"></span>ar to 3<span class=\"_ _9\"></span>1 Dece<span class=\"_ _7\"></span>mber 2022<span class=\"_ _304\"> </span></td><td class=\"t m0 xa7a h44 y2164 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a5 h44 y2164 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a6 h44 y2164 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a7 h44 y2164 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y2165 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1fe9 w4e5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Opening assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x9a8 y1fe9 w5d3 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb21 y1fe9 w3e7 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb22 y1fe9 w5d4 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>616<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb23 y1fe9 w385 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">5<span class=\"_ _7\"></span>03<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb24 y1fe9 w2dc h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">2,856.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fea w4ea h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Opening liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xa17 y1fea w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa18 y1fea w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa19 y1fea w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa1a y1fea w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x81a y1fea w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1feb w531 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net opening balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xb25 y1feb w5d5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb26 y1feb w7d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb27 y1feb w5d6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">2,<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb28 y1feb w385 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">5<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>3.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb29 y1feb w2dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">2,856.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2166 ff5f fs7 fc2 sc0 ls38 ws41\">Cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n the cons<span class=\"_ _7\"></span>olidated in<span class=\"_ _7\"></span>come st<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>em<span class=\"_ _7\"></span>ent<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2167 w294 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Allocation of<span class=\"_ _9\"></span> reinsurance premiums<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2a y2167 w5d7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2b y2167 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2c y2167 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x9f6 y2167 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2d y2167 w5d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(<span class=\"_ _7\"></span>1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2168 ff5f fs7 fc2 sc0 ls3b ws44\">Amounts r<span class=\"_ _9\"></span>ecoverable fr<span class=\"_ _9\"></span>om reinsurers<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1bb he y2169 ff5f fs7 fc2 sc0 ls38 ws41\">Rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s of incur<span class=\"_ _7\"></span>red cla<span class=\"_ _7\"></span>ims and othe<span class=\"_ _7\"></span>r insur<span class=\"_ _7\"></span>ance <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y216a w5d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">ser<span class=\"_ _7\"></span>vice expenses<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2e y216a wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb2f y216a w5da h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4.<span class=\"_ _7\"></span>9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb30 y216a w29b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">9<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb31 y216a w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">42.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x78f y216a w5db h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">9<span class=\"_ _7\"></span>59.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y216b ff5f fs7 fc2 sc0 ls38 ws41\">Adjus<span class=\"_ _7\"></span>tments to assets for i<span class=\"_ _7\"></span>ncur<span class=\"_ _7\"></span>red clai<span class=\"_ _7\"></span>ms relatin<span class=\"_ _7\"></span>g<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2138 w596 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">to past ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ice<span class=\"_ _304\"> </span></div></td><td class=\"c n xa89 y2138 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa8a y2138 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb32 y2138 w5dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>8<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb33 y2138 w5dd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb34 y2138 w5de h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y216c ff5f fs7 fc2 sc0 ls38 ws41\">Rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s and rever<span class=\"_ _7\"></span>sals of rec<span class=\"_ _7\"></span>overie<span class=\"_ _7\"></span>s of losse<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y216d w5df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">on onerous con<span class=\"_ _9\"></span>tracts<span class=\"_ _304\"> </span></div></td><td class=\"c n xb35 y216d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb36 y216d wd4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb37 y216d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb38 y216d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb39 y216d wd4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y216e w4fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of cha<span class=\"_ _7\"></span>nge<span class=\"_ _7\"></span>s in non-pe<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>forma<span class=\"_ _7\"></span>nce ri<span class=\"_ _7\"></span>sk of reins<span class=\"_ _7\"></span>urers<span class=\"_ _304\"> </span></div></td><td class=\"c n xade y216e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa9d y216e w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xadf y216e w59b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3a y216e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3b y216e w5e0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y216f w5e1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">T<span class=\"_ _a\"></span>otal amoun<span class=\"_ _9\"></span>ts reco<span class=\"_ _9\"></span>verable from r<span class=\"_ _9\"></span>einsurers<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3c y216f wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3d y216f w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3e y216f w5e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">916<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb3f y216f w5e3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">(<span class=\"_ _2c\"></span>74<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb40 y216f w247 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">838.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2170 w31a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net exp<span class=\"_ _7\"></span>ense f<span class=\"_ _7\"></span>rom reinsu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e contracts h<span class=\"_ _7\"></span>eld<span class=\"_ _304\"> </span></div></td><td class=\"c n xb41 y2170 w5d7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(1,<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb42 y2170 w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb43 y2170 w5e4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">916<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb44 y2170 w3a2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls169 ws227\">(<span class=\"_ _2c\"></span>74<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb45 y2170 w1f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(42<span class=\"_ _9\"></span>6.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2171 w5e5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net fin<span class=\"_ _7\"></span>ance exp<span class=\"_ _7\"></span>ense f<span class=\"_ _7\"></span>rom reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e contrac<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n xb46 y2171 w5e6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(3<span class=\"_ _7\"></span>8.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xa43 y2171 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb47 y2171 w314 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">(6<span class=\"_ _7\"></span>3.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb48 y2171 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb49 y2171 w29 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _7\"></span>1<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2172 w3e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign e<span class=\"_ _9\"></span>xchange mo<span class=\"_ _9\"></span>vements<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4a y2172 wbb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">2<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4b y2172 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4c y2172 wcd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(66.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4d y2172 w5e7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">(8<span class=\"_ _7\"></span>.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4e y2172 w5e8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>5<span class=\"_ _c\"> </span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2173 w5e9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>es in the c<span class=\"_ _7\"></span>onsoli<span class=\"_ _7\"></span>dated inco<span class=\"_ _7\"></span>me stateme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n x75c y2173 w5ea h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(<span class=\"_ _7\"></span>1,<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb4f y2173 w30f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(3.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb50 y2173 w121 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">78<span class=\"_ _7\"></span>5.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xb51 y2173 w5eb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>2.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb52 y2173 w5ec h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">(<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2174 w50a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Inv<span class=\"_ _9\"></span>estment components<span class=\"_ _304\"> </span></div></td><td class=\"c n x96f y2174 w5ed h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">(<span class=\"_ _7\"></span>22.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x944 y2174 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb53 y2174 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb54 y2174 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb55 y2174 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y2175 ff5f fs7 fc2 sc0 ls89 wsfe\">Cash flows<span class=\"_ _304\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2140 w5c8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Premi<span class=\"_ _7\"></span>um paid<span class=\"_ _304\"> </span></div></td><td class=\"c n xb56 y2140 w1f0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xa26 y2140 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa27 y2140 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xa28 y2140 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb57 y2140 w19c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2141 w5ca h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Amounts received<span class=\"_ _304\"> </span></div></td><td class=\"c n xb06 y2141 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb07 y2141 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb58 y2141 w5ee h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x97c y2141 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb59 y2141 w5ef h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y212a w55b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal c<span class=\"_ _7\"></span>ash flows<span class=\"_ _304\"> </span></div></td><td class=\"c n xa88 y212a w5f0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5a y212a w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5b y212a wa6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>1.<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5c y212a w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5d y212a w3d1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">24<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2176 w51c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Closing assets<span class=\"_ _304\"> </span></div></td><td class=\"c n x98d y2176 w5f1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>8<span class=\"_ _7\"></span>6.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5e y1f86 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xb5f y1f86 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>28<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb60 y1f86 w2e4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">4<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb61 y1f86 w249 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w521 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Closing liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xb12 y1ed8 wc1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb13 y1ed8 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb14 y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb15 y1ed8 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb16 y1ed8 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w564 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Net closing balance<span class=\"_ _304\"> </span></div></td><td class=\"c n xb62 y1e80 w30c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>86.8)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb63 y1e80 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xb64 y1e80 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,2<span class=\"_ _7\"></span>82.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb65 y1e80 wb1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">4<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb66 y1e80 w5f2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td></tr></table>20<span class=\"_ _9\"></span>.2 Claims dev<span class=\"_ _9\"></span>elopment tables<span class=\"_ _304\"> </span>The d<span class=\"_ _7\"></span>evelopm<span class=\"_ _7\"></span>ent of insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e liabil<span class=\"_ _7\"></span>ities p<span class=\"_ _7\"></span>rovides a m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>re of the Group\u2019<span class=\"_ _a\"></span>s a<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y to estimate the ul<span class=\"_ _7\"></span>timate cost of cla<span class=\"_ _7\"></span>ims. Th<span class=\"_ _7\"></span>e<span class=\"_ _304\"> </span><span class=\"_ _9\"></span> Grou<span class=\"_ _7\"></span>p anal<span class=\"_ _7\"></span>yses ac<span class=\"_ _7\"></span>tual cla<span class=\"_ _7\"></span>ims devel<span class=\"_ _7\"></span>opme<span class=\"_ _7\"></span>nt compa<span class=\"_ _7\"></span>red with p<span class=\"_ _7\"></span>revious e<span class=\"_ _7\"></span>stimates on a<span class=\"_ _7\"></span>n acci<span class=\"_ _7\"></span>dent yea<span class=\"_ _7\"></span>r basis.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>a) Insurance l<span class=\"_ _9\"></span>iability for incurred claims<span class=\"_ _9\"></span> \u2013 net o<span class=\"_ _9\"></span>f reinsurance<span class=\"_ _304\"> </span>Accident year<span class=\"_ _304\"> </span><table class=\"s w5f3 hd3\" id=\"_8682737c-9bd8-4ba5-9b19-649c65608c59\"><tr><td></td><td class=\"t m0 xb67 h44 y2177 ff5f fs28 fc2 sc0 ls14c ws1f5\">20<span class=\"_ _7\"></span>19<span class=\"_ _304\"> </span></td><td class=\"t m0 xb68 h44 y2177 ff5f fs28 fc2 sc0 lsa1 wsba\">2020<span class=\"_ _304\"> </span></td><td class=\"t m0 x8de h44 y2177 ff5f fs28 fc2 sc0 lse5 ws12b\">20<span class=\"_ _7\"></span>21<span class=\"_ _304\"> </span></td><td class=\"t m0 xb69 h44 y2177 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td><td class=\"t m0 x524 h43 y2177 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y2177 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x5e6 h44 y2178 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6a h44 y2178 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6b h44 y2178 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6c h44 y2178 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6d h43 y2178 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6e h43 y2178 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 he y2179 ff5f fs7 fc2 sc0 ls38 ws41\">Estimate of ultim<span class=\"_ _7\"></span>ate claims c<span class=\"_ _7\"></span>osts as adju<span class=\"_ _7\"></span>sted for foreig<span class=\"_ _7\"></span>n exchange* <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y217a w5f4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">at end of ac<span class=\"_ _7\"></span>cide<span class=\"_ _7\"></span>nt year:<span class=\"_ _304\"> </span></div></td><td class=\"c n xb6f y217a w5f5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls94 wsa9\">1<span class=\"_ _a\"></span>,555.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xb70 y217a w1dd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xb71 y217a w5f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _c\"> </span>8<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xb72 y217a w1f9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>51<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xb73 y217a w5f7 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xb74 y217a w5f8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8,058.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217b w5f9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">one p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d later<span class=\"_ _304\"> </span></div></td><td class=\"c n xb75 y217b w5f6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>4<span class=\"_ _c\"> </span>8<span class=\"_ _2c\"></span>7.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xb76 y217b w5fa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"> </span>8<span class=\"_ _c\"> </span>9<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb77 y217b w1f7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>8<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xb78 y217b w44e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xb79 y217b w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7a y217b w5fb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">6,3<span class=\"_ _7\"></span>88.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217c w5fc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">two p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>ds later<span class=\"_ _304\"> </span></div></td><td class=\"c n xb6f y217c w1d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">1<span class=\"_ _9\"></span>,40<span class=\"_ _7\"></span>9.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7b y217c w5fd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,7<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7c y217c w5fe h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>2<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7d y217c w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7e y217c w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb7f y217c w21f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _2c\"></span>,<span class=\"_ _c\"> </span>5<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>7.<span class=\"_ _7\"></span>1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217d w5ff h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">three periods lat<span class=\"_ _9\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xb80 y217d w600 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb81 y217d w556 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb82 y217d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb83 y217d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb84 y217d w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb85 y217d w233 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">3<span class=\"_ _2c\"></span>,1<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217e w601 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">four periods lat<span class=\"_ _9\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xb86 y217e w1f0 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb87 y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb88 y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb89 y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8a y217e w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8b y217e w602 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217f w603 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cur<span class=\"_ _7\"></span>rent estim<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f cu<span class=\"_ _7\"></span>mulative cl<span class=\"_ _7\"></span>aims<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8c y217f w556 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8d y217f w80 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8e y217f w604 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>4<span class=\"_ _2c\"> </span>2<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb8f y217f w605 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">1<span class=\"_ _7\"></span>,<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>2<span class=\"_ _2c\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xb90 y217f w1d4 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n xb91 y217f w606 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsab wsc8\">7,<span class=\"_ _8\"></span>5<span class=\"_ _c\"> </span>3<span class=\"_ _8\"></span>8<span class=\"_ _c\"> </span>.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2180 w607 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cumu<span class=\"_ _7\"></span>lative payme<span class=\"_ _7\"></span>nts to dat<span class=\"_ _9\"></span>e<span class=\"_ _304\"> </span></div></td><td class=\"c n xb92 y2180 w303 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">(9<span class=\"_ _7\"></span>88.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb93 y2180 w99 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>.<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb94 y2180 w608 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">(<span class=\"_ _2c\"></span>8<span class=\"_ _c\"> </span>5<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>0<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb95 y2180 w346 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws11c\">(69<span class=\"_ _7\"></span>3.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb96 y2180 w609 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6e ws120\">(303<span class=\"_ _7\"></span>.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xb97 y2180 w60a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(3,<span class=\"_ _7\"></span>962.6)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2181 ff5f fs7 fc2 sc0 ls3b ws44\">Net cumula<span class=\"_ _9\"></span>tive liability f<span class=\"_ _9\"></span>or incurred claims \u2013<span class=\"_ _9\"></span> accident years<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20be w60b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws9e\">fr<span class=\"_ _7\"></span>om 201<span class=\"_ _9\"></span>9-2023<span class=\"_ _304\"> </span></div></td><td class=\"c n xb98 y20be w15e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">4<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xb99 y20be wb1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">5<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xa99 y20be w60c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls100 ws14f\">570.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9a y20be w60d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws9b\">829.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9b y20be w60e h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>,1<span class=\"_ _7\"></span>8<span class=\"_ _2c\"></span>5<span class=\"_ _8\"></span>.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9c y20be w13 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsac wsc9\">3,<span class=\"_ _7\"></span>575<span class=\"_ _7\"></span>.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2182 ff5f fs7 fc2 sc0 ls6d ws44\">Net cumula<span class=\"_ _9\"></span>tive liabil<span class=\"_ _9\"></span>it<span class=\"_ _7\"></span>y f<span class=\"_ _9\"></span>or incurred claims<span class=\"_ _9\"></span> in respect of<span class=\"_ _9\"></span> accident <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2183 w60f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws41\">year<span class=\"_ _7\"></span>s before 20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9d y2183 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9e y2183 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9f y2183 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba0 y2183 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba1 y2183 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba2 y2183 w610 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsac wsc9\">7<span class=\"_ _7\"></span>75<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f8d w611 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Effect of discount<span class=\"_ _9\"></span>ing<span class=\"_ _304\"> </span></div></td><td class=\"c n xba3 y1f8d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba4 y1f8d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba5 y1f8d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba6 y1f8d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba7 y1f8d w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba8 y1f8d w612 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc7 wse8\">(<span class=\"_ _8\"></span>319<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w613 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al Group l<span class=\"_ _7\"></span>iabilit<span class=\"_ _7\"></span>y for inc<span class=\"_ _7\"></span>urre<span class=\"_ _7\"></span>d claims to ex<span class=\"_ _7\"></span>ternal p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ties in<span class=\"_ _7\"></span>cluded i<span class=\"_ _7\"></span>n balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et \u2013 net<span class=\"_ _304\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n xba9 y1e80 w152 h90\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls75 ws11a\">4,03<span class=\"_ _7\"></span>2.5<span class=\"_ _304\"> </span></div></td></tr></table>*T<span class=\"_ _7\"></span>he fore<span class=\"_ _7\"></span>ign e<span class=\"_ _7\"></span>xcha<span class=\"_ _7\"></span>nge ad<span class=\"_ _7\"></span>jus<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt ar<span class=\"_ _7\"></span>ise<span class=\"_ _7\"></span>s from t<span class=\"_ _7\"></span>he retr<span class=\"_ _7\"></span>ans<span class=\"_ _7\"></span>lati<span class=\"_ _7\"></span>on of the e<span class=\"_ _7\"></span>sti<span class=\"_ _7\"></span>mates a<span class=\"_ _7\"></span>t eac<span class=\"_ _7\"></span>h date us<span class=\"_ _7\"></span>ing th<span class=\"_ _7\"></span>e excha<span class=\"_ _7\"></span>nge r<span class=\"_ _7\"></span>ate ru<span class=\"_ _7\"></span>ling a<span class=\"_ _7\"></span>t 3<span class=\"_ _9\"></span>1<span class=\"_ gs9d8\"> </span><span class=\"_ _9\"></span>Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er<span class=\"_ gs9d8\"> </span><span class=\"_ _9\"></span>2023.<span class=\"_ _304\"> </span> Th<span class=\"_ _7\"></span>e tab<span class=\"_ _7\"></span>le ab<span class=\"_ _7\"></span>ove exclu<span class=\"_ _7\"></span>de<span class=\"_ _7\"></span>s rein<span class=\"_ _7\"></span>sur<span class=\"_ _7\"></span>anc<span class=\"_ _7\"></span>e rec<span class=\"_ _7\"></span>over<span class=\"_ _7\"></span>ies re<span class=\"_ _7\"></span>late<span class=\"_ _7\"></span>d to the retr<span class=\"_ _7\"></span>oact<span class=\"_ _7\"></span>ive re<span class=\"_ _7\"></span>insu<span class=\"_ _7\"></span>ran<span class=\"_ _7\"></span>ce co<span class=\"_ _7\"></span>ntra<span class=\"_ _7\"></span>cts, fo<span class=\"_ _7\"></span>r exam<span class=\"_ _7\"></span>ple l<span class=\"_ _7\"></span>ega<span class=\"_ _7\"></span>cy po<span class=\"_ _7\"></span>rt<span class=\"_ _7\"></span>fol<span class=\"_ _7\"></span>io tra<span class=\"_ _7\"></span>nsf<span class=\"_ _7\"></span>er ar<span class=\"_ _7\"></span>ran<span class=\"_ _7\"></span>gem<span class=\"_ _7\"></span>ent<span class=\"_ _7\"></span>s whe<span class=\"_ _7\"></span>re the<span class=\"_ _304\"> </span> fina<span class=\"_ _7\"></span>nc<span class=\"_ _7\"></span>ial ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct of th<span class=\"_ _7\"></span>e und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>lyi<span class=\"_ _7\"></span>ng cl<span class=\"_ _7\"></span>aim<span class=\"_ _7\"></span>s is sti<span class=\"_ _7\"></span>ll unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>in. T<span class=\"_ _7\"></span>hes<span class=\"_ _7\"></span>e are in<span class=\"_ _7\"></span>clu<span class=\"_ _7\"></span>ded i<span class=\"_ _7\"></span>n the re<span class=\"_ _7\"></span>ins<span class=\"_ _7\"></span>ura<span class=\"_ _7\"></span>nce c<span class=\"_ _7\"></span>ontr<span class=\"_ _7\"></span>act as<span class=\"_ _7\"></span>set f<span class=\"_ _7\"></span>or rem<span class=\"_ _7\"></span>ain<span class=\"_ _7\"></span>ing c<span class=\"_ _7\"></span>overa<span class=\"_ _7\"></span>ge.<span class=\"_ _304\"> </span>(b<span class=\"_ _9\"></span>) Insurance liability f<span class=\"_ _9\"></span>or incurred claims \u2013<span class=\"_ _9\"></span> gross<span class=\"_ _304\"> </span>Accident year<span class=\"_ _304\"> </span><table class=\"s w614 hd4\" id=\"_4e8c24b5-15f8-4227-a1c4-2fc72ff9358b\"><tr><td></td><td class=\"t m0 xb67 h44 y2184 ff5f fs28 fc2 sc0 ls14c ws1f5\">20<span class=\"_ _7\"></span>19<span class=\"_ _304\"> </span></td><td class=\"t m0 xb68 h44 y2184 ff5f fs28 fc2 sc0 lsa1 wsba\">2020<span class=\"_ _304\"> </span></td><td class=\"t m0 x8de h44 y2184 ff5f fs28 fc2 sc0 lse5 ws12b\">20<span class=\"_ _7\"></span>21<span class=\"_ _304\"> </span></td><td class=\"t m0 xb69 h44 y2184 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td><td class=\"t m0 x524 h43 y2184 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h43 y2184 ff64 fs28 fc2 sc0 lsf3 ws13f\">T<span class=\"_ _9\"></span>otal<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x5e6 h44 y2185 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6a h44 y2185 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6b h44 y2185 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6c h44 y2185 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6d h43 y2185 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 xb6e h43 y2185 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 he y2186 ff5f fs7 fc2 sc0 ls38 ws41\">Estimate of ultim<span class=\"_ _7\"></span>ate claims c<span class=\"_ _7\"></span>osts as adju<span class=\"_ _7\"></span>sted for foreig<span class=\"_ _7\"></span>n exchange* <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y217a w5f4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">at end of ac<span class=\"_ _7\"></span>cide<span class=\"_ _7\"></span>nt year:<span class=\"_ _304\"> </span></div></td><td class=\"c n xbaa y217a w615 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">2<span class=\"_ _8\"></span>,<span class=\"_ _c\"> </span>8<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>7.<span class=\"_ _c\"> </span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbab y217a w616 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">3,<span class=\"_ _7\"></span>26<span class=\"_ _7\"></span>9.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbac y217a w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>55<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xbad y217a w9a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>2.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbae y217a w17 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbaf y217a w617 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">13<span class=\"_ _7\"></span>,15<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2187 w5f9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">one p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d later<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb0 y2187 w618 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls94 wsa9\">2,555<span class=\"_ _9\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbab y2187 w619 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6d wsc4\">3,2<span class=\"_ _9\"></span>35.<span class=\"_ _9\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb1 y2187 w61a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">2,43<span class=\"_ _7\"></span>9.<span class=\"_ _a\"></span>1<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb2 y2187 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>52<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb3 y2187 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb4 y2187 w61b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>,<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2188 w5fc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">two p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>ds later<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb5 y2188 w61c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>39<span class=\"_ _8\"></span>0.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb6 y2188 w61d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">3,0<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>8.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb7 y2188 w575 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>275.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb8 y2188 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb3 y2188 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbb9 y2188 wc5 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsab wsc8\">7,<span class=\"_ _7\"></span>7<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>4<span class=\"_ _2c\"></span>.<span class=\"_ _2c\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217d w5ff h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">three periods lat<span class=\"_ _9\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xbba y217d w511 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>,<span class=\"_ _2c\"></span>3<span class=\"_ _c\"> </span>6<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbb y217d w2dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">2,986.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbc y217d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbd y217d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbe y217d w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbbf y217d w13e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">5<span class=\"_ _9\"></span>,352<span class=\"_ _9\"></span>.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y217e w601 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">four periods lat<span class=\"_ _9\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc0 y217e w61e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc1 y217e w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x4bb y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc2 y217e w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc3 y217e w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc4 y217e w61f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>313<span class=\"_ _8\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2189 w603 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cur<span class=\"_ _7\"></span>rent estim<span class=\"_ _7\"></span>ate o<span class=\"_ _9\"></span>f cu<span class=\"_ _7\"></span>mulative cl<span class=\"_ _7\"></span>aims<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc5 y2189 w620 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">2,<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc6 y2189 w77 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">2<span class=\"_ _9\"></span>,98<span class=\"_ _7\"></span>6.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc7 y2189 w575 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">2,<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>75.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc8 y2189 w534 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2,<span class=\"_ _7\"></span>52<span class=\"_ _7\"></span>2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbc9 y2189 w17 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _8\"></span>9<span class=\"_ _7\"></span>9<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbca y2189 w621 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">12<span class=\"_ _9\"></span>,0<span class=\"_ _7\"></span>94.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y218a w607 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Cumu<span class=\"_ _7\"></span>lative payme<span class=\"_ _7\"></span>nts to dat<span class=\"_ _9\"></span>e<span class=\"_ _304\"> </span></div></td><td class=\"c n xbcb y218a w34e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lse7 ws12f\">(<span class=\"_ _7\"></span>1,<span class=\"_ _7\"></span>8<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbcc y218a w622 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">(<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>013<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbcd y218a w623 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>,<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbce y218a w624 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7b ws87\">(923.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbcf y218a w288 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsc9 wsea\">(<span class=\"_ _7\"></span>34<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd0 y218a w4f1 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">(6,398.3<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y218b ff5f fs7 fc2 sc0 ls3b ws44\">Gross cumula<span class=\"_ _9\"></span>tive liability f<span class=\"_ _9\"></span>or incurred claims \u2013<span class=\"_ _9\"></span> accident years<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y20be w60b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls87 ws9e\">fr<span class=\"_ _7\"></span>om 201<span class=\"_ _9\"></span>9-2023<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd1 y20be w625 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls168 ws224\">513<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd2 y20be w12e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">9<span class=\"_ _8\"></span>7<span class=\"_ _8\"></span>3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd3 y20be w2e4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">9<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd4 y20be w626 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls83 ws11d\">1<span class=\"_ _9\"></span>,598.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd5 y20be w17 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1,<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>5<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd6 y20be w12 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls75 ws11a\">5,6<span class=\"_ _7\"></span>96.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y218c ff5f fs7 fc2 sc0 ls6d ws44\">Gross cumula<span class=\"_ _9\"></span>tive liability f<span class=\"_ _9\"></span>or incurred claims i<span class=\"_ _9\"></span>n respect of a<span class=\"_ _9\"></span>ccident <span class=\"ls8 ws4\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y218d w60f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls85 ws41\">year<span class=\"_ _7\"></span>s before 20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9d y218d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9e y218d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb9f y218d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba0 y218d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba1 y218d w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd7 y218d w3c0 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">998.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f8d w611 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Effect of discount<span class=\"_ _9\"></span>ing<span class=\"_ _304\"> </span></div></td><td class=\"c n xba3 y1f8d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba4 y1f8d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba5 y1f8d w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba6 y1f8d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xba7 y1f8d w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xbd8 y1f8d w1c4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>5.<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w627 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al Group l<span class=\"_ _7\"></span>iabilit<span class=\"_ _7\"></span>y for inc<span class=\"_ _7\"></span>urre<span class=\"_ _7\"></span>d claims to ex<span class=\"_ _7\"></span>ternal p<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>ties in<span class=\"_ _7\"></span>cluded i<span class=\"_ _7\"></span>n balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et \u2013 gros<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n xbd9 y1e80 w1d1 h9b\"><div class=\"t m0 x1b6 h25 y1eff ff64 fs7 fc2 sc0 ls15d ws211\">6<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>24<span class=\"_ _7\"></span>9<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr></table>*T<span class=\"_ _7\"></span>he fore<span class=\"_ _7\"></span>ign e<span class=\"_ _7\"></span>xcha<span class=\"_ _7\"></span>nge ad<span class=\"_ _7\"></span>jus<span class=\"_ _7\"></span>tme<span class=\"_ _7\"></span>nt ar<span class=\"_ _7\"></span>ise<span class=\"_ _7\"></span>s from t<span class=\"_ _7\"></span>he retr<span class=\"_ _7\"></span>ans<span class=\"_ _7\"></span>lati<span class=\"_ _7\"></span>on of the e<span class=\"_ _7\"></span>sti<span class=\"_ _7\"></span>mates a<span class=\"_ _7\"></span>t eac<span class=\"_ _7\"></span>h date us<span class=\"_ _7\"></span>ing th<span class=\"_ _7\"></span>e excha<span class=\"_ _7\"></span>nge r<span class=\"_ _7\"></span>ate ru<span class=\"_ _7\"></span>ling a<span class=\"_ _7\"></span>t 3<span class=\"_ _9\"></span>1<span class=\"_ gs9d8\"> </span><span class=\"_ _9\"></span>Dec<span class=\"_ _7\"></span>emb<span class=\"_ _7\"></span>er<span class=\"_ gs9d8\"> </span><span class=\"_ _9\"></span>2023.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReinsuranceExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-445": {
   "value": "<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls39 ws43 gse08\">21 T<span class=\"_ _a\"></span>rade and other payables<span class=\"_ _304\"> </span></div><div class=\"gsc82\"><table class=\"s w628 hd5\" id=\"_05d7b5ef-4f7d-47c2-b8c1-39021f52d207\"><tr><td></td><td></td><td class=\"t m0 x1b1 h44 y218e ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x26c h43 y218f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x4fe h44 y218f ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y1f83 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f83 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2016 w629 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Social security and other<span class=\"_ _9\"></span> ta<span class=\"_ _7\"></span>x<span class=\"_ _9\"></span>es payable<span class=\"_ _304\"> </span></div></td><td class=\"c n xbda y2016 w62a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdb y2016 w237 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w62b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Lease liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdc y1f86 w225 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">7<span class=\"_ _7\"></span>9.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdd y1f86 w49b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">79.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w62c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accr<span class=\"_ _7\"></span>uals a<span class=\"_ _7\"></span>nd other cre<span class=\"_ _7\"></span>ditors<span class=\"_ _304\"> </span></div></td><td class=\"c n xbde y1ed8 w62d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _7\"></span>7<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdf y1ed8 w3e8 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">28<span class=\"_ _7\"></span>8.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0c y1e80 w209 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">3<span class=\"_ _7\"></span>62.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe0 y1e80 w121 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">379.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse09\">The a<span class=\"_ _7\"></span>mounts ex<span class=\"_ _7\"></span>pected to be set<span class=\"_ _7\"></span>tled b<span class=\"_ _7\"></span>efore and af<span class=\"_ _7\"></span>ter on<span class=\"_ _7\"></span>e year are e<span class=\"_ _7\"></span>stimated as fol<span class=\"_ _7\"></span>lows:<span class=\"_ _304\"> </span></div><div class=\"gse0a\"><table class=\"s w45f ha3\" id=\"_d6103b1b-40ec-4095-a1e0-27326ef75969\"><tr><td></td><td class=\"t m0 x26c h43 y1f84 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y1f84 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y1f85 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f85 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w450 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Within one<span class=\"_ _9\"></span> year<span class=\"_ _304\"> </span></div></td><td class=\"c n x843 y1f86 w19d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">28<span class=\"_ _7\"></span>4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe1 y1f86 w314 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">28<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w451 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe2 y1ed8 w248 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe3 y1ed8 w62e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">9<span class=\"_ _7\"></span>6.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0c y1e80 w209 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">3<span class=\"_ _7\"></span>62.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe0 y1e80 w121 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">379.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse0b\">The c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing am<span class=\"_ _7\"></span>ounts disc<span class=\"_ _7\"></span>lose<span class=\"_ _7\"></span>d above are rea<span class=\"_ _7\"></span>sonab<span class=\"_ _7\"></span>ly app<span class=\"_ _7\"></span>ro<span class=\"_ _9\"></span>xi<span class=\"_ _7\"></span>mate t<span class=\"_ _9\"></span>o the fa<span class=\"_ _7\"></span>ir value at th<span class=\"_ _7\"></span>e repor<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse0c\">The G<span class=\"_ _7\"></span>roup acts a<span class=\"_ _7\"></span>s both les<span class=\"_ _7\"></span>see an<span class=\"_ _7\"></span>d less<span class=\"_ _7\"></span>or in rel<span class=\"_ _7\"></span>ation to variou<span class=\"_ _7\"></span>s offi<span class=\"_ _7\"></span>ces in th<span class=\"_ _7\"></span>e UK and over<span class=\"_ _7\"></span>seas, wh<span class=\"_ _7\"></span>ich are h<span class=\"_ _7\"></span>eld und<span class=\"_ _7\"></span>er <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse0d\">non-<span class=\"_ _7\"></span>canc<span class=\"_ _7\"></span>ella<span class=\"_ _7\"></span>ble le<span class=\"_ _7\"></span>ase agre<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nts. The le<span class=\"_ _7\"></span>ases h<span class=\"_ _7\"></span>ave var<span class=\"_ _7\"></span>ying ter<span class=\"_ _7\"></span>ms, esca<span class=\"_ _7\"></span>lation cl<span class=\"_ _7\"></span>ause<span class=\"_ _7\"></span>s and ren<span class=\"_ _7\"></span>ewal terms.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gse0e\">Ex<span class=\"_ _7\"></span>tension<span class=\"_ _9\"></span> and terminat<span class=\"_ _9\"></span>ion opt<span class=\"_ _9\"></span>ions were<span class=\"_ _9\"></span> taken int<span class=\"_ _9\"></span>o accoun<span class=\"_ _9\"></span>t on recognition<span class=\"_ _9\"></span> of t<span class=\"_ _9\"></span>he lease liability if the Gr<span class=\"_ _9\"></span>oup was r<span class=\"_ _9\"></span>easonably <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse0f\">cer<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ain that the<span class=\"_ _7\"></span>se options wou<span class=\"_ _7\"></span>ld be exercise<span class=\"_ _7\"></span>d in the fu<span class=\"_ _7\"></span>ture. As a gen<span class=\"_ _7\"></span>eral r<span class=\"_ _7\"></span>ule, the Grou<span class=\"_ _7\"></span>p recog<span class=\"_ _7\"></span>nise<span class=\"_ _7\"></span>s non-le<span class=\"_ _7\"></span>ase co<span class=\"_ _7\"></span>mpone<span class=\"_ _7\"></span>nts,<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse10\">suc<span class=\"_ _7\"></span>h as ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ices, se<span class=\"_ _7\"></span>paratel<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o le<span class=\"_ _7\"></span>ase paym<span class=\"_ _7\"></span>ents.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse11\">Matur<span class=\"_ _7\"></span>ity a<span class=\"_ _7\"></span>naly<span class=\"_ _7\"></span>sis \u2013 contr<span class=\"_ _7\"></span>actual u<span class=\"_ _7\"></span>ndisco<span class=\"_ _7\"></span>unted cas<span class=\"_ _7\"></span>h flows:<span class=\"_ _304\"> </span></div><div class=\"gse12\"><table class=\"s w45f ha7\" id=\"_17ee83b8-ec1e-4f94-a2a4-74709ad80425\"><tr><td></td><td class=\"t m0 x26c h43 y218f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y218f ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y1f83 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f83 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2016 w62f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Not later tha<span class=\"_ _7\"></span>n one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe4 y2016 w630 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12c ws1b0\">16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe5 y2016 w631 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w632 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Later th<span class=\"_ _7\"></span>an one ye<span class=\"_ _7\"></span>ar and not l<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>er th<span class=\"_ _7\"></span>an five yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe6 y1f86 we6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">43.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe7 y1f86 w633 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">43.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w634 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Later th<span class=\"_ _7\"></span>an five year<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe8 y1ed8 w188 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">36.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe9 y1ed8 w635 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">36.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w636 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">T<span class=\"_ _a\"></span>otal und<span class=\"_ _9\"></span>iscounted<span class=\"_ _9\"></span> lease liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xbea y1e80 w637 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">96<span class=\"_ _7\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbeb y1e80 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">92.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gse13\">Income from<span class=\"_ _9\"></span> subleasing </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse14\">Hisc<span class=\"_ _7\"></span>ox acts as a les<span class=\"_ _7\"></span>sor an<span class=\"_ _7\"></span>d sublets exce<span class=\"_ _7\"></span>ss cap<span class=\"_ _7\"></span>acit<span class=\"_ _7\"></span>y of its of<span class=\"_ _7\"></span>fice spa<span class=\"_ _7\"></span>ce to third par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse15\">The total f<span class=\"_ _7\"></span>uture agg<span class=\"_ _7\"></span>regate minim<span class=\"_ _7\"></span>um lea<span class=\"_ _7\"></span>se renta<span class=\"_ _7\"></span>ls rece<span class=\"_ _7\"></span>ivabl<span class=\"_ _7\"></span>e by the Group as l<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>or unde<span class=\"_ _7\"></span>r non-c<span class=\"_ _7\"></span>anc<span class=\"_ _7\"></span>ellab<span class=\"_ _7\"></span>le ope<span class=\"_ _7\"></span>rating prop<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse16\">lea<span class=\"_ _7\"></span>ses are a<span class=\"_ _7\"></span>s follows:<span class=\"_ _304\"> </span></div><div class=\"gse17\"><table class=\"s w45f ha3\" id=\"_2a0b8a1b-162f-4d9d-b825-b79c349f0fa3\"><tr><td></td><td class=\"t m0 x26c h43 y2190 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y2190 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y2191 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y2191 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w62f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Not later tha<span class=\"_ _7\"></span>n one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x81f y1f86 w3fe h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbec y1f86 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w638 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Later th<span class=\"_ _7\"></span>an one ye<span class=\"_ _7\"></span>ar and no l<span class=\"_ _7\"></span>ater than five yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></div></td><td class=\"c n xbed y1ed8 wf0 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbee y1ed8 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n xbef y1e80 w43b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbf0 y1e80 w7d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.8<span class=\"_ _304\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-505": {
   "value": "21 T<span class=\"_ _a\"></span>rade and other payables<span class=\"_ _304\"> </span><table class=\"s w628 hd5\" id=\"_05d7b5ef-4f7d-47c2-b8c1-39021f52d207\"><tr><td></td><td></td><td class=\"t m0 x1b1 h44 y218e ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x26c h43 y218f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x4fe h44 y218f ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y1f83 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f83 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2016 w629 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Social security and other<span class=\"_ _9\"></span> ta<span class=\"_ _7\"></span>x<span class=\"_ _9\"></span>es payable<span class=\"_ _304\"> </span></div></td><td class=\"c n xbda y2016 w62a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdb y2016 w237 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w62b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Lease liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdc y1f86 w225 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">7<span class=\"_ _7\"></span>9.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdd y1f86 w49b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">79.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w62c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accr<span class=\"_ _7\"></span>uals a<span class=\"_ _7\"></span>nd other cre<span class=\"_ _7\"></span>ditors<span class=\"_ _304\"> </span></div></td><td class=\"c n xbde y1ed8 w62d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _7\"></span>7<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdf y1ed8 w3e8 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">28<span class=\"_ _7\"></span>8.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0c y1e80 w209 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">3<span class=\"_ _7\"></span>62.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe0 y1e80 w121 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">379.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>The a<span class=\"_ _7\"></span>mounts ex<span class=\"_ _7\"></span>pected to be set<span class=\"_ _7\"></span>tled b<span class=\"_ _7\"></span>efore and af<span class=\"_ _7\"></span>ter on<span class=\"_ _7\"></span>e year are e<span class=\"_ _7\"></span>stimated as fol<span class=\"_ _7\"></span>lows:<span class=\"_ _304\"> </span><table class=\"s w45f ha3\" id=\"_d6103b1b-40ec-4095-a1e0-27326ef75969\"><tr><td></td><td class=\"t m0 x26c h43 y1f84 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y1f84 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y1f85 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f85 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w450 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Within one<span class=\"_ _9\"></span> year<span class=\"_ _304\"> </span></div></td><td class=\"c n x843 y1f86 w19d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">28<span class=\"_ _7\"></span>4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe1 y1f86 w314 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">28<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w451 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe2 y1ed8 w248 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe3 y1ed8 w62e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">9<span class=\"_ _7\"></span>6.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0c y1e80 w209 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">3<span class=\"_ _7\"></span>62.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe0 y1e80 w121 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">379.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>The c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing am<span class=\"_ _7\"></span>ounts disc<span class=\"_ _7\"></span>lose<span class=\"_ _7\"></span>d above are rea<span class=\"_ _7\"></span>sonab<span class=\"_ _7\"></span>ly app<span class=\"_ _7\"></span>ro<span class=\"_ _9\"></span>xi<span class=\"_ _7\"></span>mate t<span class=\"_ _9\"></span>o the fa<span class=\"_ _7\"></span>ir value at th<span class=\"_ _7\"></span>e repor<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup acts a<span class=\"_ _7\"></span>s both les<span class=\"_ _7\"></span>see an<span class=\"_ _7\"></span>d less<span class=\"_ _7\"></span>or in rel<span class=\"_ _7\"></span>ation to variou<span class=\"_ _7\"></span>s offi<span class=\"_ _7\"></span>ces in th<span class=\"_ _7\"></span>e UK and over<span class=\"_ _7\"></span>seas, wh<span class=\"_ _7\"></span>ich are h<span class=\"_ _7\"></span>eld und<span class=\"_ _7\"></span>er <span class=\"ls8 ws4\"> </span>non-<span class=\"_ _7\"></span>canc<span class=\"_ _7\"></span>ella<span class=\"_ _7\"></span>ble le<span class=\"_ _7\"></span>ase agre<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nts. The le<span class=\"_ _7\"></span>ases h<span class=\"_ _7\"></span>ave var<span class=\"_ _7\"></span>ying ter<span class=\"_ _7\"></span>ms, esca<span class=\"_ _7\"></span>lation cl<span class=\"_ _7\"></span>ause<span class=\"_ _7\"></span>s and ren<span class=\"_ _7\"></span>ewal terms.<span class=\"_ _304\"> </span>Ex<span class=\"_ _7\"></span>tension<span class=\"_ _9\"></span> and terminat<span class=\"_ _9\"></span>ion opt<span class=\"_ _9\"></span>ions were<span class=\"_ _9\"></span> taken int<span class=\"_ _9\"></span>o accoun<span class=\"_ _9\"></span>t on recognition<span class=\"_ _9\"></span> of t<span class=\"_ _9\"></span>he lease liability if the Gr<span class=\"_ _9\"></span>oup was r<span class=\"_ _9\"></span>easonably <span class=\"ls8 ws4\"> </span>cer<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ain that the<span class=\"_ _7\"></span>se options wou<span class=\"_ _7\"></span>ld be exercise<span class=\"_ _7\"></span>d in the fu<span class=\"_ _7\"></span>ture. As a gen<span class=\"_ _7\"></span>eral r<span class=\"_ _7\"></span>ule, the Grou<span class=\"_ _7\"></span>p recog<span class=\"_ _7\"></span>nise<span class=\"_ _7\"></span>s non-le<span class=\"_ _7\"></span>ase co<span class=\"_ _7\"></span>mpone<span class=\"_ _7\"></span>nts,<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>suc<span class=\"_ _7\"></span>h as ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ices, se<span class=\"_ _7\"></span>paratel<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o le<span class=\"_ _7\"></span>ase paym<span class=\"_ _7\"></span>ents.<span class=\"_ _304\"> </span>Matur<span class=\"_ _7\"></span>ity a<span class=\"_ _7\"></span>naly<span class=\"_ _7\"></span>sis \u2013 contr<span class=\"_ _7\"></span>actual u<span class=\"_ _7\"></span>ndisco<span class=\"_ _7\"></span>unted cas<span class=\"_ _7\"></span>h flows:<span class=\"_ _304\"> </span><table class=\"s w45f ha7\" id=\"_17ee83b8-ec1e-4f94-a2a4-74709ad80425\"><tr><td></td><td class=\"t m0 x26c h43 y218f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y218f ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y1f83 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f83 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2016 w62f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Not later tha<span class=\"_ _7\"></span>n one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe4 y2016 w630 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12c ws1b0\">16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe5 y2016 w631 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w632 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Later th<span class=\"_ _7\"></span>an one ye<span class=\"_ _7\"></span>ar and not l<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>er th<span class=\"_ _7\"></span>an five yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe6 y1f86 we6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">43.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe7 y1f86 w633 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">43.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w634 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Later th<span class=\"_ _7\"></span>an five year<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe8 y1ed8 w188 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">36.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe9 y1ed8 w635 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">36.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w636 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">T<span class=\"_ _a\"></span>otal und<span class=\"_ _9\"></span>iscounted<span class=\"_ _9\"></span> lease liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xbea y1e80 w637 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">96<span class=\"_ _7\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbeb y1e80 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">92.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>Income from<span class=\"_ _9\"></span> subleasing Hisc<span class=\"_ _7\"></span>ox acts as a les<span class=\"_ _7\"></span>sor an<span class=\"_ _7\"></span>d sublets exce<span class=\"_ _7\"></span>ss cap<span class=\"_ _7\"></span>acit<span class=\"_ _7\"></span>y of its of<span class=\"_ _7\"></span>fice spa<span class=\"_ _7\"></span>ce to third par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>The total f<span class=\"_ _7\"></span>uture agg<span class=\"_ _7\"></span>regate minim<span class=\"_ _7\"></span>um lea<span class=\"_ _7\"></span>se renta<span class=\"_ _7\"></span>ls rece<span class=\"_ _7\"></span>ivabl<span class=\"_ _7\"></span>e by the Group as l<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>or unde<span class=\"_ _7\"></span>r non-c<span class=\"_ _7\"></span>anc<span class=\"_ _7\"></span>ellab<span class=\"_ _7\"></span>le ope<span class=\"_ _7\"></span>rating prop<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span> lea<span class=\"_ _7\"></span>ses are a<span class=\"_ _7\"></span>s follows:<span class=\"_ _304\"> </span><table class=\"s w45f ha3\" id=\"_2a0b8a1b-162f-4d9d-b825-b79c349f0fa3\"><tr><td></td><td class=\"t m0 x26c h43 y2190 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y2190 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y2191 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y2191 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w62f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Not later tha<span class=\"_ _7\"></span>n one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x81f y1f86 w3fe h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbec y1f86 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w638 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Later th<span class=\"_ _7\"></span>an one ye<span class=\"_ _7\"></span>ar and no l<span class=\"_ _7\"></span>ater than five yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></div></td><td class=\"c n xbed y1ed8 wf0 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbee y1ed8 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n xbef y1e80 w43b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbf0 y1e80 w7d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.8<span class=\"_ _304\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-502": {
   "value": "21 T<span class=\"_ _a\"></span>rade and other payables<span class=\"_ _304\"> </span><table class=\"s w628 hd5\" id=\"_05d7b5ef-4f7d-47c2-b8c1-39021f52d207\"><tr><td></td><td></td><td class=\"t m0 x1b1 h44 y218e ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x26c h43 y218f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x4fe h44 y218f ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y1f83 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f83 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2016 w629 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Social security and other<span class=\"_ _9\"></span> ta<span class=\"_ _7\"></span>x<span class=\"_ _9\"></span>es payable<span class=\"_ _304\"> </span></div></td><td class=\"c n xbda y2016 w62a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdb y2016 w237 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w62b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Lease liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdc y1f86 w225 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">7<span class=\"_ _7\"></span>9.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdd y1f86 w49b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">79.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w62c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accr<span class=\"_ _7\"></span>uals a<span class=\"_ _7\"></span>nd other cre<span class=\"_ _7\"></span>ditors<span class=\"_ _304\"> </span></div></td><td class=\"c n xbde y1ed8 w62d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _7\"></span>7<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdf y1ed8 w3e8 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">28<span class=\"_ _7\"></span>8.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0c y1e80 w209 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">3<span class=\"_ _7\"></span>62.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe0 y1e80 w121 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">379.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>The a<span class=\"_ _7\"></span>mounts ex<span class=\"_ _7\"></span>pected to be set<span class=\"_ _7\"></span>tled b<span class=\"_ _7\"></span>efore and af<span class=\"_ _7\"></span>ter on<span class=\"_ _7\"></span>e year are e<span class=\"_ _7\"></span>stimated as fol<span class=\"_ _7\"></span>lows:<span class=\"_ _304\"> </span><table class=\"s w45f ha3\" id=\"_d6103b1b-40ec-4095-a1e0-27326ef75969\"><tr><td></td><td class=\"t m0 x26c h43 y1f84 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y1f84 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y1f85 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f85 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w450 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Within one<span class=\"_ _9\"></span> year<span class=\"_ _304\"> </span></div></td><td class=\"c n x843 y1f86 w19d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">28<span class=\"_ _7\"></span>4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe1 y1f86 w314 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">28<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w451 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe2 y1ed8 w248 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe3 y1ed8 w62e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">9<span class=\"_ _7\"></span>6.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0c y1e80 w209 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">3<span class=\"_ _7\"></span>62.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe0 y1e80 w121 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">379.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>The c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing am<span class=\"_ _7\"></span>ounts disc<span class=\"_ _7\"></span>lose<span class=\"_ _7\"></span>d above are rea<span class=\"_ _7\"></span>sonab<span class=\"_ _7\"></span>ly app<span class=\"_ _7\"></span>ro<span class=\"_ _9\"></span>xi<span class=\"_ _7\"></span>mate t<span class=\"_ _9\"></span>o the fa<span class=\"_ _7\"></span>ir value at th<span class=\"_ _7\"></span>e repor<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup acts a<span class=\"_ _7\"></span>s both les<span class=\"_ _7\"></span>see an<span class=\"_ _7\"></span>d less<span class=\"_ _7\"></span>or in rel<span class=\"_ _7\"></span>ation to variou<span class=\"_ _7\"></span>s offi<span class=\"_ _7\"></span>ces in th<span class=\"_ _7\"></span>e UK and over<span class=\"_ _7\"></span>seas, wh<span class=\"_ _7\"></span>ich are h<span class=\"_ _7\"></span>eld und<span class=\"_ _7\"></span>er <span class=\"ls8 ws4\"> </span>non-<span class=\"_ _7\"></span>canc<span class=\"_ _7\"></span>ella<span class=\"_ _7\"></span>ble le<span class=\"_ _7\"></span>ase agre<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nts. The le<span class=\"_ _7\"></span>ases h<span class=\"_ _7\"></span>ave var<span class=\"_ _7\"></span>ying ter<span class=\"_ _7\"></span>ms, esca<span class=\"_ _7\"></span>lation cl<span class=\"_ _7\"></span>ause<span class=\"_ _7\"></span>s and ren<span class=\"_ _7\"></span>ewal terms.<span class=\"_ _304\"> </span>Ex<span class=\"_ _7\"></span>tension<span class=\"_ _9\"></span> and terminat<span class=\"_ _9\"></span>ion opt<span class=\"_ _9\"></span>ions were<span class=\"_ _9\"></span> taken int<span class=\"_ _9\"></span>o accoun<span class=\"_ _9\"></span>t on recognition<span class=\"_ _9\"></span> of t<span class=\"_ _9\"></span>he lease liability if the Gr<span class=\"_ _9\"></span>oup was r<span class=\"_ _9\"></span>easonably <span class=\"ls8 ws4\"> </span>cer<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ain that the<span class=\"_ _7\"></span>se options wou<span class=\"_ _7\"></span>ld be exercise<span class=\"_ _7\"></span>d in the fu<span class=\"_ _7\"></span>ture. As a gen<span class=\"_ _7\"></span>eral r<span class=\"_ _7\"></span>ule, the Grou<span class=\"_ _7\"></span>p recog<span class=\"_ _7\"></span>nise<span class=\"_ _7\"></span>s non-le<span class=\"_ _7\"></span>ase co<span class=\"_ _7\"></span>mpone<span class=\"_ _7\"></span>nts,<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>suc<span class=\"_ _7\"></span>h as ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ices, se<span class=\"_ _7\"></span>paratel<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o le<span class=\"_ _7\"></span>ase paym<span class=\"_ _7\"></span>ents.<span class=\"_ _304\"> </span>Matur<span class=\"_ _7\"></span>ity a<span class=\"_ _7\"></span>naly<span class=\"_ _7\"></span>sis \u2013 contr<span class=\"_ _7\"></span>actual u<span class=\"_ _7\"></span>ndisco<span class=\"_ _7\"></span>unted cas<span class=\"_ _7\"></span>h flows:<span class=\"_ _304\"> </span><table class=\"s w45f ha7\" id=\"_17ee83b8-ec1e-4f94-a2a4-74709ad80425\"><tr><td></td><td class=\"t m0 x26c h43 y218f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y218f ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y1f83 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f83 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2016 w62f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Not later tha<span class=\"_ _7\"></span>n one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe4 y2016 w630 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12c ws1b0\">16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe5 y2016 w631 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w632 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Later th<span class=\"_ _7\"></span>an one ye<span class=\"_ _7\"></span>ar and not l<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>er th<span class=\"_ _7\"></span>an five yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe6 y1f86 we6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">43.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe7 y1f86 w633 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">43.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w634 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Later th<span class=\"_ _7\"></span>an five year<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe8 y1ed8 w188 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">36.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe9 y1ed8 w635 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">36.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w636 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">T<span class=\"_ _a\"></span>otal und<span class=\"_ _9\"></span>iscounted<span class=\"_ _9\"></span> lease liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xbea y1e80 w637 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">96<span class=\"_ _7\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbeb y1e80 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">92.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>Income from<span class=\"_ _9\"></span> subleasing Hisc<span class=\"_ _7\"></span>ox acts as a les<span class=\"_ _7\"></span>sor an<span class=\"_ _7\"></span>d sublets exce<span class=\"_ _7\"></span>ss cap<span class=\"_ _7\"></span>acit<span class=\"_ _7\"></span>y of its of<span class=\"_ _7\"></span>fice spa<span class=\"_ _7\"></span>ce to third par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>The total f<span class=\"_ _7\"></span>uture agg<span class=\"_ _7\"></span>regate minim<span class=\"_ _7\"></span>um lea<span class=\"_ _7\"></span>se renta<span class=\"_ _7\"></span>ls rece<span class=\"_ _7\"></span>ivabl<span class=\"_ _7\"></span>e by the Group as l<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>or unde<span class=\"_ _7\"></span>r non-c<span class=\"_ _7\"></span>anc<span class=\"_ _7\"></span>ellab<span class=\"_ _7\"></span>le ope<span class=\"_ _7\"></span>rating prop<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span> lea<span class=\"_ _7\"></span>ses are a<span class=\"_ _7\"></span>s follows:<span class=\"_ _304\"> </span><table class=\"s w45f ha3\" id=\"_2a0b8a1b-162f-4d9d-b825-b79c349f0fa3\"><tr><td></td><td class=\"t m0 x26c h43 y2190 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y2190 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y2191 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y2191 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w62f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Not later tha<span class=\"_ _7\"></span>n one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x81f y1f86 w3fe h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbec y1f86 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w638 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Later th<span class=\"_ _7\"></span>an one ye<span class=\"_ _7\"></span>ar and no l<span class=\"_ _7\"></span>ater than five yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></div></td><td class=\"c n xbed y1ed8 wf0 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbee y1ed8 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n xbef y1e80 w43b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbf0 y1e80 w7d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.8<span class=\"_ _304\"> </span></div></td></tr></table>23 De<span class=\"_ _7\"></span>ferr<span class=\"_ _7\"></span>ed ta<span class=\"_ _7\"></span>x<span class=\"_ _304\"> </span>Net de<span class=\"_ _7\"></span>ferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x ass<span class=\"_ _7\"></span>ets<span class=\"_ _304\"> </span><table class=\"s w654 hd8\" id=\"_2418d373-4d67-47f8-9f55-5b6e85df56d4\"><tr><td></td><td></td><td class=\"t m0 x1b1 h44 y21a3 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x26c h43 y21a4 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b3 h44 y21a4 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y21a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y21a5 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y21a6 w655 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>rading losses in o<span class=\"_ _9\"></span>verseas entities<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a7 y21a6 w225 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">29.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xc14 y21a6 w33e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">28.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21a7 w656 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d ws46\">Bermuda ET<span class=\"_ _a\"></span>A<span class=\"_ _304\"> </span></div></td><td class=\"c n xc15 y21a7 w657 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">15<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xc16 y21a7 w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21a8 w658 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x a<span class=\"_ _7\"></span>ssets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc17 y21a8 w659 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">11<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xc18 y21a8 wa1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21a9 w65a h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Deferred tax liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xc19 y21a9 w65b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>5<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1a y21a9 w65c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">(59.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21aa w65d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al net defe<span class=\"_ _7\"></span>rred t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>sset<span class=\"_ _7\"></span>s, before r<span class=\"_ _7\"></span>eclas<span class=\"_ _7\"></span>sific<span class=\"_ _7\"></span>ation of as<span class=\"_ _7\"></span>sets he<span class=\"_ _7\"></span>ld for sa<span class=\"_ _7\"></span>le<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1b y21aa w8d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x969 y21aa w65e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">38.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21ab w65f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Les<span class=\"_ _7\"></span>s assets h<span class=\"_ _7\"></span>eld for sa<span class=\"_ _7\"></span>le<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1c y21ab w505 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1d y21ab w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2052 w660 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al net defe<span class=\"_ _7\"></span>rred t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>sset<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1e y2052 w2a0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x506 y2052 w102 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">38.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y21ac ff64 fs7 fc2 sc0 ls38 ws41\">Net de<span class=\"_ _7\"></span>ferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x liabiliti<span class=\"_ _7\"></span>es<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2016 w658 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x a<span class=\"_ _7\"></span>ssets<span class=\"_ _304\"> </span></div></td><td class=\"c n x810 y2016 w5d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1f y2016 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w661 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Add as<span class=\"_ _7\"></span>sets held fo<span class=\"_ _7\"></span>r sale<span class=\"_ _304\"> </span></div></td><td class=\"c n xc20 y1f86 wee h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x73e y1f86 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w65a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Deferred tax liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xc21 y1ed8 w2ac h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>79.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc22 y1ed8 w662 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w663 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al net defe<span class=\"_ _7\"></span>rred t<span class=\"_ _7\"></span>ax li<span class=\"_ _7\"></span>abilitie<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xc23 y1e80 w26a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(56.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc24 y1e80 w662 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr></table>Defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets and d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x liabi<span class=\"_ _7\"></span>lities re<span class=\"_ _7\"></span>lating to the sa<span class=\"_ _7\"></span>me ta<span class=\"_ _7\"></span>x autho<span class=\"_ _7\"></span>rit<span class=\"_ _7\"></span>y are pre<span class=\"_ _7\"></span>sented net i<span class=\"_ _7\"></span>n the Group\u2019<span class=\"_ _9\"></span>s balanc<span class=\"_ _7\"></span>e she<span class=\"_ _7\"></span>et<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Net defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x a<span class=\"_ _7\"></span>ssets<span class=\"_ _304\"> </span>Net de<span class=\"_ _7\"></span>ferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x ass<span class=\"_ _7\"></span>ets At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cembe<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span><table class=\"s w664 hd9\" id=\"_1934537e-60e2-459a-ad51-77fb0df31052\"><tr><td></td><td></td><td class=\"t m0 xc25 h43 y21ad ff64 fs28 fc2 sc0 lsed ws17b\">Income<span class=\"_ _304\"> </span></td><td class=\"t m0 xc26 h43 y21ad ff64 fs28 fc2 sc0 ls7c ws98\">Recognised </td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x7b8 h43 y21ae ff64 fs28 fc2 sc0 ls145 ws24d\">statement<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a6 h43 y21ae ff64 fs28 fc2 sc0 ls131 ws1b8\">in other<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xc27 h44 y21af ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td><td class=\"t m0 x744 h43 y21af ff64 fs28 fc2 sc0 lse6 ws12d\">(charge)<span class=\"_ _304\"> </span></td><td class=\"t m0 xc28 h43 y21af ff64 fs28 fc2 sc0 lse6 ws12d\">comprehensive<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a3 h43 y21af ff64 fs28 fc2 sc0 ls8 ws4\">Fo<span class=\"_ _7\"></span>re<span class=\"_ _7\"></span>ig<span class=\"_ _7\"></span>n </td><td></td></tr><tr><td></td><td class=\"t m0 x7b7 h44 y21b0 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td><td class=\"t m0 x362 h43 y21b0 ff64 fs28 fc2 sc0 ls179 ws24e\">/cr<span class=\"_ _7\"></span>e<span class=\"_ _7\"></span>di<span class=\"_ _7\"></span>t<span class=\"_ _304\"> </span></td><td class=\"t m0 xc29 h43 y21b0 ff64 fs28 fc2 sc0 ls117 ws246\">income/equity<span class=\"_ _304\"> </span></td><td class=\"t m0 x41c h43 y21b0 ff64 fs28 fc2 sc0 lse6 ws12d\">exchange<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h43 y21b0 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x41e h44 y21b1 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h43 y21b1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y21b1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h43 y21b1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y21b1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y21b2 w665 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Deferred compensat<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2a y21b2 w666 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2b y21b2 wea h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2c y21b2 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2d y21b2 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c8 y21b2 w43b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b3 w667 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">Under<span class=\"_ _7\"></span>writing*<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2e y21b3 wd4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2f y21b3 w424 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc30 y21b3 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc31 y21b3 w424 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc03 y21b3 wf0 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b4 w668 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Financial assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc32 y21b4 w32f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _c\"> </span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xc33 y21b4 w669 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">(5.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc34 y21b4 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x338 y21b4 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x339 y21b4 w3fe h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b5 w66a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>angible assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc35 y21b5 w66b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">(5.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc36 y21b5 w42a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(2.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc30 y21b5 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc37 y21b5 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc38 y21b5 w2e6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b6 w66c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws19\">Loss<span class=\"_ _7\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n xc39 y21b6 w33e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">28.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3a y21b6 w66d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3b y21b6 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3c y21b6 wed h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3d y21b6 w65e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">3<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e5f w656 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d ws46\">Bermuda ET<span class=\"_ _a\"></span>A<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3e y1e5f w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3f y1e5f w4a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">15<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xc40 y1e5f w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc41 y1e5f w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc42 y1e5f w65 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">15<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e60 w64e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws19\">Oth<span class=\"_ _7\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xc43 y1e60 w66e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xc44 y1e60 w41a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ec y1e60 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc45 y1e60 w420 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x73c y1e60 w2e7 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b7 w66f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc46 y21b7 w670 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">38.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc47 y21b7 w35 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">1<span class=\"_ _9\"></span>46.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3b y21b7 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc48 y21b7 w424 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc49 y21b7 w671 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b8 w672 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">Pension<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4a y21b8 w110 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4b y21b8 w673 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4c y21b8 w4f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4d y21b8 w2f2 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(0<span class=\"_ _7\"></span>.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4e y21b8 w21a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b9 w665 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Deferred compensat<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4f y21b9 w1df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xc50 y21b9 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc51 y21b9 w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x886 y21b9 wea h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xc52 y21b9 w262 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21ba w667 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">Under<span class=\"_ _7\"></span>writing*<span class=\"_ _304\"> </span></div></td><td class=\"c n xc53 y21ba w674 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc54 y21ba w2df h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(3<span class=\"_ _7\"></span>3.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3b y21ba w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb48 y21ba w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc55 y21ba w2b8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2108 w675 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Intangible asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xc56 y2108 w676 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(<span class=\"_ _7\"></span>10.<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc57 y2108 w505 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc58 y2108 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc59 y2108 w3ac h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5a y2108 w677 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(1<span class=\"_ _a\"></span>4.6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21bb w668 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Financial assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5b y21bb w666 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5c y21bb w3f3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(6.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5d y21bb w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5e y21bb w678 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5f y21bb w3f9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>2.6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21bc w66a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>angible assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc60 y21bc wd4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xc61 y21bc w423 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>3.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x470 y21bc w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x471 y21bc w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc62 y21bc w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21bd w66c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws19\">Loss<span class=\"_ _7\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n xc63 y21bd w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc64 y21bd w679 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls94 wsa9\">6.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xc65 y21bd w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cd y21bd w179 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x897 y21bd wa3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21be w67a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">O<span class=\"_ _7\"></span>th<span class=\"_ _7\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xc66 y21be w67b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x309 y21be w3ef h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc67 y21be w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc68 y21be w437 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xc69 y21be w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21bf w67c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x lia<span class=\"_ _7\"></span>bilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6a y21bf w67d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6b y21bf w67e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>52.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6c y21bf w4f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6d y21bf w67f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6e y21bf w680 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(59.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21c0 w681 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Net tota<span class=\"_ _7\"></span>l deferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6f y21c0 wa1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xc70 y21c0 wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">9<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xc71 y21c0 w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc72 y21c0 w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc73 y21c0 w426 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21c1 w682 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Les<span class=\"_ _7\"></span>s ass<span class=\"_ _7\"></span>ets held fo<span class=\"_ _7\"></span>r sale<span class=\"_ _304\"> </span></div></td><td class=\"c n xc74 y21c1 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc57 y21c1 w678 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc75 y21c1 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc76 y21c1 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc77 y21c1 w420 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w683 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Net G<span class=\"_ _7\"></span>roup defe<span class=\"_ _7\"></span>rred t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>sset<span class=\"_ _304\"> </span></div></td><td class=\"c n xc78 y1e80 w684 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _c\"> </span>4<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xc79 y1e80 w17b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">92.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc7a y1e80 w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x986 y1e80 w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc7b y1e80 w2d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">123<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr></table>*Re<span class=\"_ _7\"></span>sta<span class=\"_ _7\"></span>ted for th<span class=\"_ _7\"></span>e defe<span class=\"_ _7\"></span>rre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x im<span class=\"_ _7\"></span>pact o<span class=\"_ _7\"></span>f IFRS 1<span class=\"_ _9\"></span>7 ado<span class=\"_ _7\"></span>ptio<span class=\"_ _7\"></span>n.<span class=\"_ _304\"> </span>Moveme<span class=\"_ _7\"></span>nts in defer<span class=\"_ _7\"></span>red an<span class=\"_ _7\"></span>d curre<span class=\"_ _7\"></span>nt ta<span class=\"_ _7\"></span>x relating to ta<span class=\"_ _7\"></span>x de<span class=\"_ _7\"></span>ductio<span class=\"_ _7\"></span>ns aris<span class=\"_ _7\"></span>ing on e<span class=\"_ _7\"></span>mployee s<span class=\"_ _7\"></span>hare option<span class=\"_ _7\"></span>s are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in the stateme<span class=\"_ _7\"></span>nt of chan<span class=\"_ _7\"></span>ges in e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y to the extent that th<span class=\"_ _7\"></span>e movement exce<span class=\"_ _7\"></span>eds the c<span class=\"_ _7\"></span>orres<span class=\"_ _7\"></span>pondi<span class=\"_ _7\"></span>ng charg<span class=\"_ _7\"></span>e to the incom<span class=\"_ _7\"></span>e statement. Moveme<span class=\"_ _7\"></span>nts in defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x rel<span class=\"_ _7\"></span>ating to the empl<span class=\"_ _7\"></span>oyee retireme<span class=\"_ _7\"></span>nt ben<span class=\"_ _7\"></span>efit obli<span class=\"_ _7\"></span>gation are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in th<span class=\"_ _7\"></span>e statement of<span class=\"ls8 ws4\"> </span>com<span class=\"_ _7\"></span>prehe<span class=\"_ _7\"></span>nsive inc<span class=\"_ _7\"></span>ome to the ex<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>en<span class=\"_ _7\"></span>t that the moveme<span class=\"_ _7\"></span>nt corre<span class=\"_ _7\"></span>spon<span class=\"_ _7\"></span>ds to actuar<span class=\"_ _7\"></span>ial ga<span class=\"_ _7\"></span>ins and lo<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>s recog<span class=\"_ _7\"></span>nised i<span class=\"_ _7\"></span>n the stateme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>of comp<span class=\"_ _7\"></span>rehe<span class=\"_ _7\"></span>nsive inc<span class=\"_ _7\"></span>ome. The total exp<span class=\"_ _7\"></span>ense re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised ou<span class=\"_ _7\"></span>tside the i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement is $<span class=\"_ _7\"></span>0.<span class=\"_ _9\"></span>4 mill<span class=\"_ _7\"></span>ion (2022<span class=\"_ _9\"></span>: expens<span class=\"_ _7\"></span>e of<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>$6.5 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>, compr<span class=\"_ _7\"></span>ising $1<span class=\"_ _a\"></span>.3 mil<span class=\"_ _7\"></span>lion defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x i<span class=\"_ _7\"></span>ncome a<span class=\"_ _7\"></span>nd $1<span class=\"_ _a\"></span>.<span class=\"_ _9\"></span>7 million c<span class=\"_ _7\"></span>urre<span class=\"_ _7\"></span>nt ta<span class=\"_ _7\"></span>x expens<span class=\"_ _7\"></span>e (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: $9.4 million d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span>ta<span class=\"_ _7\"></span>x expe<span class=\"_ _7\"></span>nse and $2.9 million c<span class=\"_ _7\"></span>urrent t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>x incom<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>).<span class=\"_ _304\"> </span>Defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets of $37<span class=\"_ _e\"></span>.4 mill<span class=\"_ _7\"></span>ion ($36.3 mil<span class=\"_ _7\"></span>lion excludi<span class=\"_ _7\"></span>ng asse<span class=\"_ _7\"></span>ts held for s<span class=\"_ _7\"></span>ale) (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: 28.<span class=\"_ _9\"></span>4 mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>, relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o lo<span class=\"_ _7\"></span>sses a<span class=\"_ _7\"></span>risi<span class=\"_ _7\"></span>ng in overse<span class=\"_ _7\"></span>as entiti<span class=\"_ _7\"></span>es, whi<span class=\"_ _7\"></span>ch dep<span class=\"_ _7\"></span>end on th<span class=\"_ _7\"></span>e availabi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y of future ta<span class=\"_ _7\"></span>xa<span class=\"_ _7\"></span>ble profits, have be<span class=\"_ _7\"></span>en rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed. Busin<span class=\"_ _7\"></span>ess p<span class=\"_ _7\"></span>rojectio<span class=\"_ _7\"></span>ns indi<span class=\"_ _7\"></span>cate<span class=\"_ _9\"></span> it is pro<span class=\"_ _7\"></span>bable th<span class=\"_ _7\"></span>at suf<span class=\"_ _7\"></span>fici<span class=\"_ _7\"></span>ent fu<span class=\"_ _7\"></span>ture ta<span class=\"_ _7\"></span>xabl<span class=\"_ _7\"></span>e incom<span class=\"_ _7\"></span>e will be avai<span class=\"_ _7\"></span>lable a<span class=\"_ _7\"></span>gains<span class=\"_ _7\"></span>t which to of<span class=\"_ _7\"></span>fset the<span class=\"_ _7\"></span>se rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets withi<span class=\"_ _7\"></span>n five year<span class=\"_ _7\"></span>s. $2<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.<span class=\"_ _9\"></span>7 milli<span class=\"_ _7\"></span>on (202<span class=\"_ _9\"></span>2: $2<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.<span class=\"_ _9\"></span>7 millio<span class=\"_ _7\"></span>n) o<span class=\"_ _9\"></span>f the ta<span class=\"_ _7\"></span>x l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o wh<span class=\"_ _7\"></span>ich the<span class=\"_ _7\"></span>se asse<span class=\"_ _7\"></span>ts relate will exp<span class=\"_ _7\"></span>ire within ten ye<span class=\"_ _7\"></span>ars; a fur<span class=\"_ _7\"></span>th<span class=\"_ _7\"></span>er $9.<span class=\"_ _9\"></span>7 million (2022<span class=\"_ _9\"></span>: $0.<span class=\"_ _9\"></span>7 milli<span class=\"_ _7\"></span>on) will expire af<span class=\"_ _7\"></span>ter ten ye<span class=\"_ _7\"></span>ars or w<span class=\"_ _7\"></span>ill be avail<span class=\"_ _7\"></span>able in<span class=\"_ _7\"></span>definitel<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. T<span class=\"_ _7\"></span>he Grou<span class=\"_ _7\"></span>p has not provi<span class=\"_ _7\"></span>ded for defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets totalling $<span class=\"_ _7\"></span>84.<span class=\"_ _9\"></span>8 mil<span class=\"_ _7\"></span>lion (2022<span class=\"_ _9\"></span>: $56.6 million) in rel<span class=\"_ _7\"></span>ation to losse<span class=\"_ _7\"></span>s in overse<span class=\"_ _7\"></span>as co<span class=\"_ _7\"></span>mpani<span class=\"_ _7\"></span>es and u<span class=\"_ _7\"></span>nutilis<span class=\"_ _7\"></span>ed ta<span class=\"_ _7\"></span>x cred<span class=\"_ _7\"></span>its of $4<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>5.5 million (2022<span class=\"_ _9\"></span>: $2<span class=\"_ _9\"></span>79<span class=\"_ _9\"></span>.0 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> In acc<span class=\"_ _7\"></span>ordanc<span class=\"_ _7\"></span>e with IAS<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>, all d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x assets a<span class=\"_ _7\"></span>nd liab<span class=\"_ _7\"></span>ilitie<span class=\"_ _7\"></span>s are cla<span class=\"_ _7\"></span>ssifi<span class=\"_ _7\"></span>ed as no<span class=\"_ _7\"></span>n-cur<span class=\"_ _7\"></span>rent. The am<span class=\"_ _7\"></span>ount of defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>set expe<span class=\"_ _7\"></span>cted to be recovere<span class=\"_ _7\"></span>d after m<span class=\"_ _7\"></span>ore than 1<span class=\"_ _9\"></span>2 months is $1<span class=\"_ _a\"></span>23.8<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n (2<span class=\"_ _9\"></span>022:<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>$<span class=\"_ _7\"></span>53.5<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>).<span class=\"_ _304\"> </span>Factors af<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ng ta<span class=\"_ _7\"></span>x cha<span class=\"_ _7\"></span>rges in f<span class=\"_ _7\"></span>uture yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span>An in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o the U<span class=\"_ _7\"></span>K corp<span class=\"_ _7\"></span>orate ta<span class=\"_ _7\"></span>x rate t<span class=\"_ _9\"></span>o 25<span class=\"_ _a\"></span>% f<span class=\"_ _7\"></span>rom 1 Ap<span class=\"_ _7\"></span>ril 2023 was substa<span class=\"_ _7\"></span>ntively e<span class=\"_ _7\"></span>nacted o<span class=\"_ _7\"></span>n 2<span class=\"_ _a\"></span>4 M<span class=\"_ _7\"></span>ay 202<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>. Thi<span class=\"_ _7\"></span>s will have<span class=\"ls8 ws4\"> </span>a cons<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>ntial ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct on the Co<span class=\"_ _7\"></span>mpany\u2019<span class=\"_ _9\"></span>s futu<span class=\"_ _7\"></span>re ta<span class=\"_ _7\"></span>x charg<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, an<span class=\"_ _7\"></span>d defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s in relati<span class=\"_ _7\"></span>on to the UK have dec<span class=\"_ _7\"></span>rease<span class=\"_ _7\"></span>d by<span class=\"_ _304\"> </span>$<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>.3 million. Th<span class=\"_ _7\"></span>e impac<span class=\"_ _7\"></span>t of these ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s in futu<span class=\"_ _7\"></span>re peri<span class=\"_ _7\"></span>ods wil<span class=\"_ _7\"></span>l be dep<span class=\"_ _7\"></span>ende<span class=\"_ _7\"></span>nt on the leve<span class=\"_ _7\"></span>l of ta<span class=\"_ _7\"></span>xable p<span class=\"_ _7\"></span>rofits in those p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>ds.<span class=\"_ _304\"> </span>One h<span class=\"_ _7\"></span>undred a<span class=\"_ _7\"></span>nd thir<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y cou<span class=\"_ _7\"></span>ntries h<span class=\"_ _7\"></span>ave agreed to impl<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt a new globa<span class=\"_ _7\"></span>l minim<span class=\"_ _7\"></span>um ta<span class=\"_ _7\"></span>x (GMT<span class=\"_ _7\"></span>) as \u2018Pill<span class=\"_ _7\"></span>ar T<span class=\"_ _a\"></span>wo\u2019 o<span class=\"_ _9\"></span>f the O<span class=\"_ _7\"></span>ECD <span class=\"ls8 ws4\"> </span>two<span class=\"_ _7\"></span>-Pilla<span class=\"_ _7\"></span>r reform fra<span class=\"_ _7\"></span>mework. T<span class=\"_ _7\"></span>he GM<span class=\"_ _7\"></span>T uses ad<span class=\"_ _7\"></span>justed co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated accou<span class=\"_ _7\"></span>nting data to cal<span class=\"_ _7\"></span>culate the ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive ta<span class=\"_ _7\"></span>x rate (ETR) p<span class=\"_ _7\"></span>aid on profits by a mu<span class=\"_ _7\"></span>ltination<span class=\"_ _7\"></span>al in eac<span class=\"_ _7\"></span>h juri<span class=\"_ _7\"></span>sdictio<span class=\"_ _7\"></span>n in whic<span class=\"_ _7\"></span>h it ope<span class=\"_ _7\"></span>rates; and then a<span class=\"_ _7\"></span>pplie<span class=\"_ _7\"></span>s a \u2018top-up ta<span class=\"_ _7\"></span>x\u2019 on a<span class=\"_ _7\"></span>ny jurisd<span class=\"_ _7\"></span>iction<span class=\"_ _7\"></span>s where th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> E<span class=\"_ _7\"></span>TR is be<span class=\"_ _7\"></span>low 1<span class=\"_ _a\"></span>5%<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Multiple juris<span class=\"_ _9\"></span>dictions in<span class=\"_ _9\"></span> which the Group<span class=\"_ _9\"></span> operates ha<span class=\"_ _9\"></span>ve sub<span class=\"_ _9\"></span>stantively enact<span class=\"_ _9\"></span>ed such legisla<span class=\"_ _9\"></span>tion (<span class=\"_ _9\"></span>\u2018Pil<span class=\"_ _9\"></span>lar T<span class=\"_ _a\"></span>wo legislat<span class=\"_ _9\"></span>ion<span class=\"_ _9\"></span>\u2019) be<span class=\"_ _9\"></span>fore<span class=\"_ _9\"></span> the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet date. Th<span class=\"_ _7\"></span>e Hiscox Grou<span class=\"_ _7\"></span>p expec<span class=\"_ _7\"></span>ts t<span class=\"_ _9\"></span>o be w<span class=\"_ _7\"></span>ithin the sc<span class=\"_ _7\"></span>ope of the<span class=\"_ _7\"></span>se rul<span class=\"_ _7\"></span>es, by vir<span class=\"_ _7\"></span>tue of the fac<span class=\"_ _7\"></span>t that the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s cons<span class=\"_ _7\"></span>olidated reve<span class=\"_ _7\"></span>nue in at le<span class=\"_ _7\"></span>ast t<span class=\"_ _7\"></span>wo of the four year<span class=\"_ _7\"></span>s prio<span class=\"_ _7\"></span>r t<span class=\"_ _9\"></span>o 202<span class=\"_ _9\"></span>4 exceede<span class=\"_ _7\"></span>d \u20ac750 million.<span class=\"_ _304\"> </span>This legislation<span class=\"_ _9\"></span> brings int<span class=\"_ _9\"></span>o effect the Income<span class=\"_ _9\"></span> Inclusion Rule (<span class=\"_ _9\"></span>IIR) and<span class=\"_ _9\"></span> Qualified Domestic Minimum T<span class=\"_ _20\"></span>op-Up T<span class=\"_ _a\"></span>a<span class=\"_ _7\"></span>x (QDMTT<span class=\"_ _7\"></span>) from <span class=\"ls8 ws4\"> </span>202<span class=\"_ _9\"></span>4 (which are n<span class=\"_ _7\"></span>ot expected to have a materi<span class=\"_ _7\"></span>al impa<span class=\"_ _7\"></span>ct on the Gro<span class=\"_ _7\"></span>up)<span class=\"_ _9\"></span>, and the Und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>xed Profits Rul<span class=\"_ _7\"></span>e (UTPR) fro<span class=\"_ _7\"></span>m 202<span class=\"_ _9\"></span>5,<span class=\"_ _9\"></span> mea<span class=\"_ _7\"></span>ning that \u2018<span class=\"_ _7\"></span>top-up ta<span class=\"_ _7\"></span>xes\u2019 on profits in ju<span class=\"_ _7\"></span>risdic<span class=\"_ _7\"></span>tions wh<span class=\"_ _7\"></span>ere the E<span class=\"_ _7\"></span>TR is b<span class=\"_ _7\"></span>elow 1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>% may be payable i<span class=\"_ _7\"></span>n other jur<span class=\"_ _7\"></span>isdicti<span class=\"_ _7\"></span>ons acros<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _7\"></span>up with ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t from 2025<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Base<span class=\"_ _7\"></span>d on histor<span class=\"_ _7\"></span>ic trends, the p<span class=\"_ _7\"></span>ropor<span class=\"_ _7\"></span>tion of th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s p<span class=\"_ _7\"></span>rofits expec<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed to be im<span class=\"_ _7\"></span>pacted is bet<span class=\"_ _7\"></span>wee<span class=\"_ _7\"></span>n $0 mill<span class=\"_ _7\"></span>ion to $5 milli<span class=\"_ _7\"></span>on,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>and th<span class=\"_ _7\"></span>e average ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive rate currentl<span class=\"_ _7\"></span>y appl<span class=\"_ _7\"></span>icab<span class=\"_ _7\"></span>le to those profits is 5% t<span class=\"_ _9\"></span>o 7<span class=\"_ _9\"></span>%.<span class=\"_ _304\"> </span>Severa<span class=\"_ _7\"></span>l other jur<span class=\"_ _7\"></span>isdic<span class=\"_ _7\"></span>tions in wh<span class=\"_ _7\"></span>ich the G<span class=\"_ _7\"></span>roup ope<span class=\"_ _7\"></span>rates have propos<span class=\"_ _7\"></span>ed Pilla<span class=\"_ _7\"></span>r T<span class=\"_ _a\"></span>wo leg<span class=\"_ _7\"></span>islatio<span class=\"_ _7\"></span>n, which woul<span class=\"_ _7\"></span>d imple<span class=\"_ _7\"></span>ment c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>es simi<span class=\"_ _7\"></span>lar to those id<span class=\"_ _7\"></span>entifie<span class=\"_ _7\"></span>d above, but the le<span class=\"_ _7\"></span>gislati<span class=\"_ _7\"></span>on has not yet be<span class=\"_ _7\"></span>en sub<span class=\"_ _7\"></span>stantive<span class=\"_ _7\"></span>ly ena<span class=\"_ _7\"></span>cted at the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet date. Give<span class=\"_ _7\"></span>n that Pilla<span class=\"_ _7\"></span>r T<span class=\"_ _a\"></span>wo leg<span class=\"_ _7\"></span>islation i<span class=\"_ _7\"></span>mple<span class=\"_ _7\"></span>menting b<span class=\"_ _7\"></span>oth IIR and UT<span class=\"_ _7\"></span>PR has alre<span class=\"_ _7\"></span>ady be<span class=\"_ _7\"></span>en sub<span class=\"_ _7\"></span>stantive<span class=\"_ _7\"></span>ly enac<span class=\"_ _7\"></span>ted in vario<span class=\"_ _7\"></span>us jur<span class=\"_ _7\"></span>isdicti<span class=\"_ _7\"></span>ons in wh<span class=\"_ _7\"></span>ich the Gro<span class=\"_ _7\"></span>up ope<span class=\"_ _7\"></span>rates, the Group d<span class=\"_ _7\"></span>oes not exp<span class=\"_ _7\"></span>ect the e<span class=\"_ _7\"></span>nactme<span class=\"_ _7\"></span>nt of Pillar T<span class=\"_ _9\"></span>wo legis<span class=\"_ _7\"></span>lation by thes<span class=\"_ _7\"></span>e juris<span class=\"_ _7\"></span>dictio<span class=\"_ _7\"></span>ns t<span class=\"_ _9\"></span>o have a fu<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ther addi<span class=\"_ _7\"></span>tional im<span class=\"_ _7\"></span>pact on th<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>otal i<span class=\"_ _7\"></span>ncome t<span class=\"_ _7\"></span>ax to whi<span class=\"_ _7\"></span>ch the Gro<span class=\"_ _7\"></span>up is expos<span class=\"_ _7\"></span>ed. As a res<span class=\"_ _7\"></span>ponse to the Pill<span class=\"_ _7\"></span>ar T<span class=\"_ _a\"></span>wo refor<span class=\"_ _7\"></span>m, Bermu<span class=\"_ _7\"></span>da has intro<span class=\"_ _7\"></span>duce<span class=\"_ _7\"></span>d a corp<span class=\"_ _7\"></span>orate incom<span class=\"_ _7\"></span>e ta<span class=\"_ _7\"></span>x (Ber<span class=\"_ _7\"></span>muda CIT<span class=\"_ _7\"></span>) w<span class=\"_ _7\"></span>hich was s<span class=\"_ _7\"></span>ubsta<span class=\"_ _7\"></span>ntively ena<span class=\"_ _7\"></span>cted at the bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet date; and will a<span class=\"_ _7\"></span>pply at a r<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e of 1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>% t<span class=\"_ _9\"></span>o profits of ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain B<span class=\"_ _7\"></span>ermu<span class=\"_ _7\"></span>da cons<span class=\"_ _7\"></span>tituent e<span class=\"_ _7\"></span>ntities w<span class=\"_ _7\"></span>ith ef<span class=\"_ _7\"></span>fect <span class=\"ls8 ws4\"> </span>from 1 Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y 2025. The Grou<span class=\"_ _7\"></span>p expec<span class=\"_ _7\"></span>ts t<span class=\"_ _9\"></span>o be su<span class=\"_ _7\"></span>bject to Be<span class=\"_ _7\"></span>rmud<span class=\"_ _7\"></span>a CIT<span class=\"_ _a\"></span>. The p<span class=\"_ _7\"></span>ropor<span class=\"_ _7\"></span>tion of the G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s profi<span class=\"_ _7\"></span>ts arisi<span class=\"_ _7\"></span>ng in Be<span class=\"_ _7\"></span>rmuda <span class=\"ls8 ws4\"> </span>is the<span class=\"_ _7\"></span>refore not expec<span class=\"_ _7\"></span>ted t<span class=\"_ _9\"></span>o be s<span class=\"_ _7\"></span>ubjec<span class=\"_ _7\"></span>t to Pillar T<span class=\"_ _a\"></span>wo top-up t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>nd is not inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in the esti<span class=\"_ _7\"></span>mated impac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The B<span class=\"_ _7\"></span>erm<span class=\"_ _7\"></span>uda CIT w<span class=\"_ _7\"></span>ill app<span class=\"_ _7\"></span>ly at a rate of 1<span class=\"_ _a\"></span>5<span class=\"_ _9\"></span>% on th<span class=\"_ _7\"></span>e profits of Hiscox\u2019<span class=\"_ _9\"></span>s Berm<span class=\"_ _7\"></span>udia<span class=\"_ _7\"></span>n constitu<span class=\"_ _7\"></span>ent enti<span class=\"_ _7\"></span>ties. Th<span class=\"_ _7\"></span>is will have a cons<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>ntial ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct on the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s future t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>x charge. A de<span class=\"_ _7\"></span>ferred t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>sset of $1<span class=\"_ _a\"></span>50.0 million i<span class=\"_ _7\"></span>n relation to the e<span class=\"_ _7\"></span>conom<span class=\"_ _7\"></span>ic trans<span class=\"_ _7\"></span>ition adju<span class=\"_ _7\"></span>stment (E<span class=\"_ _7\"></span>T<span class=\"_ _a\"></span>A<span class=\"_ _7\"></span>) require<span class=\"_ _7\"></span>d by this leg<span class=\"_ _7\"></span>islation h<span class=\"_ _7\"></span>as bee<span class=\"_ _7\"></span>n reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d at the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet date. On fir<span class=\"_ _7\"></span>st enteri<span class=\"_ _7\"></span>ng the sco<span class=\"_ _7\"></span>pe of Ber<span class=\"_ _7\"></span>muda C<span class=\"_ _7\"></span>IT<span class=\"_ _a\"></span>, the ET<span class=\"_ _9\"></span>A requi<span class=\"_ _7\"></span>res eac<span class=\"_ _7\"></span>h in scop<span class=\"_ _7\"></span>e entit<span class=\"_ _7\"></span>y to estimate the fair va<span class=\"_ _7\"></span>lue of the as<span class=\"_ _7\"></span>sets and li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties he<span class=\"_ _7\"></span>ld by the Ber<span class=\"_ _7\"></span>mudi<span class=\"_ _7\"></span>an busi<span class=\"_ _7\"></span>nes<span class=\"_ _7\"></span>s at 30 Septemb<span class=\"_ _7\"></span>er 2023 and use thi<span class=\"_ _7\"></span>s in plac<span class=\"_ _7\"></span>e of book valu<span class=\"_ _7\"></span>e for ta<span class=\"_ _7\"></span>x pur<span class=\"_ _7\"></span>pose<span class=\"_ _7\"></span>s, creating temp<span class=\"_ _7\"></span>orar<span class=\"_ _7\"></span>y di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>es. Th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>pri<span class=\"_ _7\"></span>ncipal d<span class=\"_ _7\"></span>river of th<span class=\"_ _7\"></span>is tempora<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nce is the c<span class=\"_ _7\"></span>ustomer re<span class=\"_ _7\"></span>lationsh<span class=\"_ _7\"></span>ips inta<span class=\"_ _7\"></span>ngibl<span class=\"_ _7\"></span>e asset w<span class=\"_ _7\"></span>hich is s<span class=\"_ _7\"></span>ubjec<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant <span class=\"ls8 ws4\"> </span>judg<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt and es<span class=\"_ _7\"></span>timates, inclu<span class=\"_ _7\"></span>ding fore<span class=\"_ _7\"></span>cast c<span class=\"_ _7\"></span>ashflows, the di<span class=\"_ _7\"></span>scount r<span class=\"_ _7\"></span>ate and cap<span class=\"_ _7\"></span>ital al<span class=\"_ _7\"></span>locatio<span class=\"_ _7\"></span>n charg<span class=\"_ _7\"></span>es. The i<span class=\"_ _7\"></span>mpact of <span class=\"ls8 ws4\"> </span>thes<span class=\"_ _7\"></span>e chan<span class=\"_ _7\"></span>ges on th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s E<span class=\"_ _7\"></span>TR in f<span class=\"_ _7\"></span>uture pe<span class=\"_ _7\"></span>rio<span class=\"_ _7\"></span>ds will b<span class=\"_ _7\"></span>e depe<span class=\"_ _7\"></span>ndent o<span class=\"_ _7\"></span>n the level of ta<span class=\"_ _7\"></span>xa<span class=\"_ _7\"></span>ble profits in th<span class=\"_ _7\"></span>ose per<span class=\"_ _7\"></span>iods fo<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _9\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s Bermuda const<span class=\"_ _9\"></span>ituent ent<span class=\"_ _9\"></span>ities.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-498": {
   "value": "21 T<span class=\"_ _a\"></span>rade and other payables<span class=\"_ _304\"> </span><table class=\"s w628 hd5\" id=\"_05d7b5ef-4f7d-47c2-b8c1-39021f52d207\"><tr><td></td><td></td><td class=\"t m0 x1b1 h44 y218e ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x26c h43 y218f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x4fe h44 y218f ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y1f83 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f83 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2016 w629 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Social security and other<span class=\"_ _9\"></span> ta<span class=\"_ _7\"></span>x<span class=\"_ _9\"></span>es payable<span class=\"_ _304\"> </span></div></td><td class=\"c n xbda y2016 w62a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdb y2016 w237 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w62b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Lease liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdc y1f86 w225 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">7<span class=\"_ _7\"></span>9.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdd y1f86 w49b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">79.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w62c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accr<span class=\"_ _7\"></span>uals a<span class=\"_ _7\"></span>nd other cre<span class=\"_ _7\"></span>ditors<span class=\"_ _304\"> </span></div></td><td class=\"c n xbde y1ed8 w62d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _7\"></span>7<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdf y1ed8 w3e8 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">28<span class=\"_ _7\"></span>8.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0c y1e80 w209 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">3<span class=\"_ _7\"></span>62.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe0 y1e80 w121 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">379.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>The a<span class=\"_ _7\"></span>mounts ex<span class=\"_ _7\"></span>pected to be set<span class=\"_ _7\"></span>tled b<span class=\"_ _7\"></span>efore and af<span class=\"_ _7\"></span>ter on<span class=\"_ _7\"></span>e year are e<span class=\"_ _7\"></span>stimated as fol<span class=\"_ _7\"></span>lows:<span class=\"_ _304\"> </span><table class=\"s w45f ha3\" id=\"_d6103b1b-40ec-4095-a1e0-27326ef75969\"><tr><td></td><td class=\"t m0 x26c h43 y1f84 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y1f84 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y1f85 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f85 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w450 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Within one<span class=\"_ _9\"></span> year<span class=\"_ _304\"> </span></div></td><td class=\"c n x843 y1f86 w19d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">28<span class=\"_ _7\"></span>4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe1 y1f86 w314 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">28<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w451 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe2 y1ed8 w248 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe3 y1ed8 w62e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">9<span class=\"_ _7\"></span>6.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0c y1e80 w209 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">3<span class=\"_ _7\"></span>62.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe0 y1e80 w121 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">379.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>The c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing am<span class=\"_ _7\"></span>ounts disc<span class=\"_ _7\"></span>lose<span class=\"_ _7\"></span>d above are rea<span class=\"_ _7\"></span>sonab<span class=\"_ _7\"></span>ly app<span class=\"_ _7\"></span>ro<span class=\"_ _9\"></span>xi<span class=\"_ _7\"></span>mate t<span class=\"_ _9\"></span>o the fa<span class=\"_ _7\"></span>ir value at th<span class=\"_ _7\"></span>e repor<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup acts a<span class=\"_ _7\"></span>s both les<span class=\"_ _7\"></span>see an<span class=\"_ _7\"></span>d less<span class=\"_ _7\"></span>or in rel<span class=\"_ _7\"></span>ation to variou<span class=\"_ _7\"></span>s offi<span class=\"_ _7\"></span>ces in th<span class=\"_ _7\"></span>e UK and over<span class=\"_ _7\"></span>seas, wh<span class=\"_ _7\"></span>ich are h<span class=\"_ _7\"></span>eld und<span class=\"_ _7\"></span>er <span class=\"ls8 ws4\"> </span>non-<span class=\"_ _7\"></span>canc<span class=\"_ _7\"></span>ella<span class=\"_ _7\"></span>ble le<span class=\"_ _7\"></span>ase agre<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nts. The le<span class=\"_ _7\"></span>ases h<span class=\"_ _7\"></span>ave var<span class=\"_ _7\"></span>ying ter<span class=\"_ _7\"></span>ms, esca<span class=\"_ _7\"></span>lation cl<span class=\"_ _7\"></span>ause<span class=\"_ _7\"></span>s and ren<span class=\"_ _7\"></span>ewal terms.<span class=\"_ _304\"> </span>Ex<span class=\"_ _7\"></span>tension<span class=\"_ _9\"></span> and terminat<span class=\"_ _9\"></span>ion opt<span class=\"_ _9\"></span>ions were<span class=\"_ _9\"></span> taken int<span class=\"_ _9\"></span>o accoun<span class=\"_ _9\"></span>t on recognition<span class=\"_ _9\"></span> of t<span class=\"_ _9\"></span>he lease liability if the Gr<span class=\"_ _9\"></span>oup was r<span class=\"_ _9\"></span>easonably <span class=\"ls8 ws4\"> </span>cer<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ain that the<span class=\"_ _7\"></span>se options wou<span class=\"_ _7\"></span>ld be exercise<span class=\"_ _7\"></span>d in the fu<span class=\"_ _7\"></span>ture. As a gen<span class=\"_ _7\"></span>eral r<span class=\"_ _7\"></span>ule, the Grou<span class=\"_ _7\"></span>p recog<span class=\"_ _7\"></span>nise<span class=\"_ _7\"></span>s non-le<span class=\"_ _7\"></span>ase co<span class=\"_ _7\"></span>mpone<span class=\"_ _7\"></span>nts,<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>suc<span class=\"_ _7\"></span>h as ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ices, se<span class=\"_ _7\"></span>paratel<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o le<span class=\"_ _7\"></span>ase paym<span class=\"_ _7\"></span>ents.<span class=\"_ _304\"> </span>Matur<span class=\"_ _7\"></span>ity a<span class=\"_ _7\"></span>naly<span class=\"_ _7\"></span>sis \u2013 contr<span class=\"_ _7\"></span>actual u<span class=\"_ _7\"></span>ndisco<span class=\"_ _7\"></span>unted cas<span class=\"_ _7\"></span>h flows:<span class=\"_ _304\"> </span><table class=\"s w45f ha7\" id=\"_17ee83b8-ec1e-4f94-a2a4-74709ad80425\"><tr><td></td><td class=\"t m0 x26c h43 y218f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y218f ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y1f83 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f83 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2016 w62f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Not later tha<span class=\"_ _7\"></span>n one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe4 y2016 w630 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12c ws1b0\">16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe5 y2016 w631 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w632 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Later th<span class=\"_ _7\"></span>an one ye<span class=\"_ _7\"></span>ar and not l<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>er th<span class=\"_ _7\"></span>an five yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe6 y1f86 we6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">43.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe7 y1f86 w633 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">43.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w634 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Later th<span class=\"_ _7\"></span>an five year<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe8 y1ed8 w188 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">36.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe9 y1ed8 w635 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">36.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w636 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">T<span class=\"_ _a\"></span>otal und<span class=\"_ _9\"></span>iscounted<span class=\"_ _9\"></span> lease liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xbea y1e80 w637 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">96<span class=\"_ _7\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbeb y1e80 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">92.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>Income from<span class=\"_ _9\"></span> subleasing Hisc<span class=\"_ _7\"></span>ox acts as a les<span class=\"_ _7\"></span>sor an<span class=\"_ _7\"></span>d sublets exce<span class=\"_ _7\"></span>ss cap<span class=\"_ _7\"></span>acit<span class=\"_ _7\"></span>y of its of<span class=\"_ _7\"></span>fice spa<span class=\"_ _7\"></span>ce to third par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>The total f<span class=\"_ _7\"></span>uture agg<span class=\"_ _7\"></span>regate minim<span class=\"_ _7\"></span>um lea<span class=\"_ _7\"></span>se renta<span class=\"_ _7\"></span>ls rece<span class=\"_ _7\"></span>ivabl<span class=\"_ _7\"></span>e by the Group as l<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>or unde<span class=\"_ _7\"></span>r non-c<span class=\"_ _7\"></span>anc<span class=\"_ _7\"></span>ellab<span class=\"_ _7\"></span>le ope<span class=\"_ _7\"></span>rating prop<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span> lea<span class=\"_ _7\"></span>ses are a<span class=\"_ _7\"></span>s follows:<span class=\"_ _304\"> </span><table class=\"s w45f ha3\" id=\"_2a0b8a1b-162f-4d9d-b825-b79c349f0fa3\"><tr><td></td><td class=\"t m0 x26c h43 y2190 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y2190 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y2191 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y2191 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w62f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Not later tha<span class=\"_ _7\"></span>n one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x81f y1f86 w3fe h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbec y1f86 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w638 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Later th<span class=\"_ _7\"></span>an one ye<span class=\"_ _7\"></span>ar and no l<span class=\"_ _7\"></span>ater than five yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></div></td><td class=\"c n xbed y1ed8 wf0 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbee y1ed8 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n xbef y1e80 w43b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbf0 y1e80 w7d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.8<span class=\"_ _304\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-492": {
   "value": "21 T<span class=\"_ _a\"></span>rade and other payables<span class=\"_ _304\"> </span><table class=\"s w628 hd5\" id=\"_05d7b5ef-4f7d-47c2-b8c1-39021f52d207\"><tr><td></td><td></td><td class=\"t m0 x1b1 h44 y218e ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x26c h43 y218f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x4fe h44 y218f ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y1f83 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f83 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2016 w629 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Social security and other<span class=\"_ _9\"></span> ta<span class=\"_ _7\"></span>x<span class=\"_ _9\"></span>es payable<span class=\"_ _304\"> </span></div></td><td class=\"c n xbda y2016 w62a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdb y2016 w237 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w62b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Lease liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdc y1f86 w225 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">7<span class=\"_ _7\"></span>9.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdd y1f86 w49b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">79.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w62c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accr<span class=\"_ _7\"></span>uals a<span class=\"_ _7\"></span>nd other cre<span class=\"_ _7\"></span>ditors<span class=\"_ _304\"> </span></div></td><td class=\"c n xbde y1ed8 w62d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _7\"></span>7<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdf y1ed8 w3e8 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">28<span class=\"_ _7\"></span>8.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0c y1e80 w209 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">3<span class=\"_ _7\"></span>62.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe0 y1e80 w121 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">379.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>The a<span class=\"_ _7\"></span>mounts ex<span class=\"_ _7\"></span>pected to be set<span class=\"_ _7\"></span>tled b<span class=\"_ _7\"></span>efore and af<span class=\"_ _7\"></span>ter on<span class=\"_ _7\"></span>e year are e<span class=\"_ _7\"></span>stimated as fol<span class=\"_ _7\"></span>lows:<span class=\"_ _304\"> </span><table class=\"s w45f ha3\" id=\"_d6103b1b-40ec-4095-a1e0-27326ef75969\"><tr><td></td><td class=\"t m0 x26c h43 y1f84 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y1f84 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y1f85 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f85 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w450 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Within one<span class=\"_ _9\"></span> year<span class=\"_ _304\"> </span></div></td><td class=\"c n x843 y1f86 w19d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">28<span class=\"_ _7\"></span>4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe1 y1f86 w314 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">28<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w451 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe2 y1ed8 w248 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe3 y1ed8 w62e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">9<span class=\"_ _7\"></span>6.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0c y1e80 w209 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">3<span class=\"_ _7\"></span>62.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe0 y1e80 w121 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">379.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>The c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing am<span class=\"_ _7\"></span>ounts disc<span class=\"_ _7\"></span>lose<span class=\"_ _7\"></span>d above are rea<span class=\"_ _7\"></span>sonab<span class=\"_ _7\"></span>ly app<span class=\"_ _7\"></span>ro<span class=\"_ _9\"></span>xi<span class=\"_ _7\"></span>mate t<span class=\"_ _9\"></span>o the fa<span class=\"_ _7\"></span>ir value at th<span class=\"_ _7\"></span>e repor<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup acts a<span class=\"_ _7\"></span>s both les<span class=\"_ _7\"></span>see an<span class=\"_ _7\"></span>d less<span class=\"_ _7\"></span>or in rel<span class=\"_ _7\"></span>ation to variou<span class=\"_ _7\"></span>s offi<span class=\"_ _7\"></span>ces in th<span class=\"_ _7\"></span>e UK and over<span class=\"_ _7\"></span>seas, wh<span class=\"_ _7\"></span>ich are h<span class=\"_ _7\"></span>eld und<span class=\"_ _7\"></span>er <span class=\"ls8 ws4\"> </span>non-<span class=\"_ _7\"></span>canc<span class=\"_ _7\"></span>ella<span class=\"_ _7\"></span>ble le<span class=\"_ _7\"></span>ase agre<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nts. The le<span class=\"_ _7\"></span>ases h<span class=\"_ _7\"></span>ave var<span class=\"_ _7\"></span>ying ter<span class=\"_ _7\"></span>ms, esca<span class=\"_ _7\"></span>lation cl<span class=\"_ _7\"></span>ause<span class=\"_ _7\"></span>s and ren<span class=\"_ _7\"></span>ewal terms.<span class=\"_ _304\"> </span>Ex<span class=\"_ _7\"></span>tension<span class=\"_ _9\"></span> and terminat<span class=\"_ _9\"></span>ion opt<span class=\"_ _9\"></span>ions were<span class=\"_ _9\"></span> taken int<span class=\"_ _9\"></span>o accoun<span class=\"_ _9\"></span>t on recognition<span class=\"_ _9\"></span> of t<span class=\"_ _9\"></span>he lease liability if the Gr<span class=\"_ _9\"></span>oup was r<span class=\"_ _9\"></span>easonably <span class=\"ls8 ws4\"> </span>cer<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ain that the<span class=\"_ _7\"></span>se options wou<span class=\"_ _7\"></span>ld be exercise<span class=\"_ _7\"></span>d in the fu<span class=\"_ _7\"></span>ture. As a gen<span class=\"_ _7\"></span>eral r<span class=\"_ _7\"></span>ule, the Grou<span class=\"_ _7\"></span>p recog<span class=\"_ _7\"></span>nise<span class=\"_ _7\"></span>s non-le<span class=\"_ _7\"></span>ase co<span class=\"_ _7\"></span>mpone<span class=\"_ _7\"></span>nts,<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>suc<span class=\"_ _7\"></span>h as ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ices, se<span class=\"_ _7\"></span>paratel<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o le<span class=\"_ _7\"></span>ase paym<span class=\"_ _7\"></span>ents.<span class=\"_ _304\"> </span>Matur<span class=\"_ _7\"></span>ity a<span class=\"_ _7\"></span>naly<span class=\"_ _7\"></span>sis \u2013 contr<span class=\"_ _7\"></span>actual u<span class=\"_ _7\"></span>ndisco<span class=\"_ _7\"></span>unted cas<span class=\"_ _7\"></span>h flows:<span class=\"_ _304\"> </span><table class=\"s w45f ha7\" id=\"_17ee83b8-ec1e-4f94-a2a4-74709ad80425\"><tr><td></td><td class=\"t m0 x26c h43 y218f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y218f ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y1f83 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f83 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2016 w62f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Not later tha<span class=\"_ _7\"></span>n one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe4 y2016 w630 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12c ws1b0\">16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe5 y2016 w631 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w632 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Later th<span class=\"_ _7\"></span>an one ye<span class=\"_ _7\"></span>ar and not l<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>er th<span class=\"_ _7\"></span>an five yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe6 y1f86 we6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">43.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe7 y1f86 w633 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">43.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w634 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Later th<span class=\"_ _7\"></span>an five year<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe8 y1ed8 w188 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">36.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe9 y1ed8 w635 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">36.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w636 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">T<span class=\"_ _a\"></span>otal und<span class=\"_ _9\"></span>iscounted<span class=\"_ _9\"></span> lease liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xbea y1e80 w637 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">96<span class=\"_ _7\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbeb y1e80 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">92.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>Income from<span class=\"_ _9\"></span> subleasing Hisc<span class=\"_ _7\"></span>ox acts as a les<span class=\"_ _7\"></span>sor an<span class=\"_ _7\"></span>d sublets exce<span class=\"_ _7\"></span>ss cap<span class=\"_ _7\"></span>acit<span class=\"_ _7\"></span>y of its of<span class=\"_ _7\"></span>fice spa<span class=\"_ _7\"></span>ce to third par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>The total f<span class=\"_ _7\"></span>uture agg<span class=\"_ _7\"></span>regate minim<span class=\"_ _7\"></span>um lea<span class=\"_ _7\"></span>se renta<span class=\"_ _7\"></span>ls rece<span class=\"_ _7\"></span>ivabl<span class=\"_ _7\"></span>e by the Group as l<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>or unde<span class=\"_ _7\"></span>r non-c<span class=\"_ _7\"></span>anc<span class=\"_ _7\"></span>ellab<span class=\"_ _7\"></span>le ope<span class=\"_ _7\"></span>rating prop<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span> lea<span class=\"_ _7\"></span>ses are a<span class=\"_ _7\"></span>s follows:<span class=\"_ _304\"> </span><table class=\"s w45f ha3\" id=\"_2a0b8a1b-162f-4d9d-b825-b79c349f0fa3\"><tr><td></td><td class=\"t m0 x26c h43 y2190 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y2190 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y2191 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y2191 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w62f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Not later tha<span class=\"_ _7\"></span>n one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x81f y1f86 w3fe h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbec y1f86 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w638 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Later th<span class=\"_ _7\"></span>an one ye<span class=\"_ _7\"></span>ar and no l<span class=\"_ _7\"></span>ater than five yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></div></td><td class=\"c n xbed y1ed8 wf0 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbee y1ed8 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n xbef y1e80 w43b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbf0 y1e80 w7d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.8<span class=\"_ _304\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-479": {
   "value": "21 T<span class=\"_ _a\"></span>rade and other payables<span class=\"_ _304\"> </span><table class=\"s w628 hd5\" id=\"_05d7b5ef-4f7d-47c2-b8c1-39021f52d207\"><tr><td></td><td></td><td class=\"t m0 x1b1 h44 y218e ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x26c h43 y218f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x4fe h44 y218f ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y1f83 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f83 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2016 w629 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Social security and other<span class=\"_ _9\"></span> ta<span class=\"_ _7\"></span>x<span class=\"_ _9\"></span>es payable<span class=\"_ _304\"> </span></div></td><td class=\"c n xbda y2016 w62a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdb y2016 w237 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w62b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Lease liabilit<span class=\"_ _9\"></span>ies<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdc y1f86 w225 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">7<span class=\"_ _7\"></span>9.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdd y1f86 w49b h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">79.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w62c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Accr<span class=\"_ _7\"></span>uals a<span class=\"_ _7\"></span>nd other cre<span class=\"_ _7\"></span>ditors<span class=\"_ _304\"> </span></div></td><td class=\"c n xbde y1ed8 w62d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _7\"></span>7<span class=\"_ _8\"></span>0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xbdf y1ed8 w3e8 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">28<span class=\"_ _7\"></span>8.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0c y1e80 w209 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">3<span class=\"_ _7\"></span>62.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe0 y1e80 w121 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">379.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>The a<span class=\"_ _7\"></span>mounts ex<span class=\"_ _7\"></span>pected to be set<span class=\"_ _7\"></span>tled b<span class=\"_ _7\"></span>efore and af<span class=\"_ _7\"></span>ter on<span class=\"_ _7\"></span>e year are e<span class=\"_ _7\"></span>stimated as fol<span class=\"_ _7\"></span>lows:<span class=\"_ _304\"> </span><table class=\"s w45f ha3\" id=\"_d6103b1b-40ec-4095-a1e0-27326ef75969\"><tr><td></td><td class=\"t m0 x26c h43 y1f84 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y1f84 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y1f85 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f85 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w450 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Within one<span class=\"_ _9\"></span> year<span class=\"_ _304\"> </span></div></td><td class=\"c n x843 y1f86 w19d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">28<span class=\"_ _7\"></span>4.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe1 y1f86 w314 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">28<span class=\"_ _7\"></span>2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w451 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Af<span class=\"_ _7\"></span>ter one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe2 y1ed8 w248 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe3 y1ed8 w62e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">9<span class=\"_ _7\"></span>6.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w199 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls16c ws22d\">To<span class=\"_ _8\"></span>t<span class=\"_ _8\"></span>a<span class=\"_ _8\"></span>l<span class=\"_ _304\"> </span></div></td><td class=\"c n xa0c y1e80 w209 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">3<span class=\"_ _7\"></span>62.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe0 y1e80 w121 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac wsc9\">379.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>The c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing am<span class=\"_ _7\"></span>ounts disc<span class=\"_ _7\"></span>lose<span class=\"_ _7\"></span>d above are rea<span class=\"_ _7\"></span>sonab<span class=\"_ _7\"></span>ly app<span class=\"_ _7\"></span>ro<span class=\"_ _9\"></span>xi<span class=\"_ _7\"></span>mate t<span class=\"_ _9\"></span>o the fa<span class=\"_ _7\"></span>ir value at th<span class=\"_ _7\"></span>e repor<span class=\"_ _7\"></span>ting d<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The G<span class=\"_ _7\"></span>roup acts a<span class=\"_ _7\"></span>s both les<span class=\"_ _7\"></span>see an<span class=\"_ _7\"></span>d less<span class=\"_ _7\"></span>or in rel<span class=\"_ _7\"></span>ation to variou<span class=\"_ _7\"></span>s offi<span class=\"_ _7\"></span>ces in th<span class=\"_ _7\"></span>e UK and over<span class=\"_ _7\"></span>seas, wh<span class=\"_ _7\"></span>ich are h<span class=\"_ _7\"></span>eld und<span class=\"_ _7\"></span>er <span class=\"ls8 ws4\"> </span>non-<span class=\"_ _7\"></span>canc<span class=\"_ _7\"></span>ella<span class=\"_ _7\"></span>ble le<span class=\"_ _7\"></span>ase agre<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nts. The le<span class=\"_ _7\"></span>ases h<span class=\"_ _7\"></span>ave var<span class=\"_ _7\"></span>ying ter<span class=\"_ _7\"></span>ms, esca<span class=\"_ _7\"></span>lation cl<span class=\"_ _7\"></span>ause<span class=\"_ _7\"></span>s and ren<span class=\"_ _7\"></span>ewal terms.<span class=\"_ _304\"> </span>Ex<span class=\"_ _7\"></span>tension<span class=\"_ _9\"></span> and terminat<span class=\"_ _9\"></span>ion opt<span class=\"_ _9\"></span>ions were<span class=\"_ _9\"></span> taken int<span class=\"_ _9\"></span>o accoun<span class=\"_ _9\"></span>t on recognition<span class=\"_ _9\"></span> of t<span class=\"_ _9\"></span>he lease liability if the Gr<span class=\"_ _9\"></span>oup was r<span class=\"_ _9\"></span>easonably <span class=\"ls8 ws4\"> </span>cer<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ain that the<span class=\"_ _7\"></span>se options wou<span class=\"_ _7\"></span>ld be exercise<span class=\"_ _7\"></span>d in the fu<span class=\"_ _7\"></span>ture. As a gen<span class=\"_ _7\"></span>eral r<span class=\"_ _7\"></span>ule, the Grou<span class=\"_ _7\"></span>p recog<span class=\"_ _7\"></span>nise<span class=\"_ _7\"></span>s non-le<span class=\"_ _7\"></span>ase co<span class=\"_ _7\"></span>mpone<span class=\"_ _7\"></span>nts,<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>suc<span class=\"_ _7\"></span>h as ser<span class=\"_ _7\"></span>v<span class=\"_ _7\"></span>ices, se<span class=\"_ _7\"></span>paratel<span class=\"_ _7\"></span>y t<span class=\"_ _9\"></span>o le<span class=\"_ _7\"></span>ase paym<span class=\"_ _7\"></span>ents.<span class=\"_ _304\"> </span>Matur<span class=\"_ _7\"></span>ity a<span class=\"_ _7\"></span>naly<span class=\"_ _7\"></span>sis \u2013 contr<span class=\"_ _7\"></span>actual u<span class=\"_ _7\"></span>ndisco<span class=\"_ _7\"></span>unted cas<span class=\"_ _7\"></span>h flows:<span class=\"_ _304\"> </span><table class=\"s w45f ha7\" id=\"_17ee83b8-ec1e-4f94-a2a4-74709ad80425\"><tr><td></td><td class=\"t m0 x26c h43 y218f ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y218f ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y1f83 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y1f83 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2016 w62f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Not later tha<span class=\"_ _7\"></span>n one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe4 y2016 w630 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12c ws1b0\">16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe5 y2016 w631 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w632 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Later th<span class=\"_ _7\"></span>an one ye<span class=\"_ _7\"></span>ar and not l<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>er th<span class=\"_ _7\"></span>an five yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe6 y1f86 we6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">43.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe7 y1f86 w633 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">43.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w634 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Later th<span class=\"_ _7\"></span>an five year<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe8 y1ed8 w188 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">36.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbe9 y1ed8 w635 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb5 wsd2\">36.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w636 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">T<span class=\"_ _a\"></span>otal und<span class=\"_ _9\"></span>iscounted<span class=\"_ _9\"></span> lease liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xbea y1e80 w637 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">96<span class=\"_ _7\"></span>.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbeb y1e80 w2f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">92.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr></table>Income from<span class=\"_ _9\"></span> subleasing Hisc<span class=\"_ _7\"></span>ox acts as a les<span class=\"_ _7\"></span>sor an<span class=\"_ _7\"></span>d sublets exce<span class=\"_ _7\"></span>ss cap<span class=\"_ _7\"></span>acit<span class=\"_ _7\"></span>y of its of<span class=\"_ _7\"></span>fice spa<span class=\"_ _7\"></span>ce to third par<span class=\"_ _7\"></span>tie<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>The total f<span class=\"_ _7\"></span>uture agg<span class=\"_ _7\"></span>regate minim<span class=\"_ _7\"></span>um lea<span class=\"_ _7\"></span>se renta<span class=\"_ _7\"></span>ls rece<span class=\"_ _7\"></span>ivabl<span class=\"_ _7\"></span>e by the Group as l<span class=\"_ _7\"></span>ess<span class=\"_ _7\"></span>or unde<span class=\"_ _7\"></span>r non-c<span class=\"_ _7\"></span>anc<span class=\"_ _7\"></span>ellab<span class=\"_ _7\"></span>le ope<span class=\"_ _7\"></span>rating prop<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span> lea<span class=\"_ _7\"></span>ses are a<span class=\"_ _7\"></span>s follows:<span class=\"_ _304\"> </span><table class=\"s w45f ha3\" id=\"_2a0b8a1b-162f-4d9d-b825-b79c349f0fa3\"><tr><td></td><td class=\"t m0 x26c h43 y2190 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y2190 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y2191 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y2191 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w62f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Not later tha<span class=\"_ _7\"></span>n one yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x81f y1f86 w3fe h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbec y1f86 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w638 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Later th<span class=\"_ _7\"></span>an one ye<span class=\"_ _7\"></span>ar and no l<span class=\"_ _7\"></span>ater than five yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></div></td><td class=\"c n xbed y1ed8 wf0 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbee y1ed8 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n xbef y1e80 w43b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbf0 y1e80 w7d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.8<span class=\"_ _304\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-403": {
   "value": "22 T<span class=\"_ _a\"></span>a<span class=\"_ _7\"></span>x (<span class=\"_ _9\"></span>credit)/<span class=\"_ _9\"></span>expense<span class=\"_ _9\"></span> The C<span class=\"_ _7\"></span>ompa<span class=\"_ _7\"></span>ny and its su<span class=\"_ _7\"></span>bsidia<span class=\"_ _7\"></span>rie<span class=\"_ _7\"></span>s are subj<span class=\"_ _7\"></span>ect to enac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>x laws in the jur<span class=\"_ _7\"></span>isdic<span class=\"_ _7\"></span>tions in w<span class=\"_ _7\"></span>hich they a<span class=\"_ _7\"></span>re incor<span class=\"_ _7\"></span>porated an<span class=\"_ _7\"></span>d domi<span class=\"_ _7\"></span>cile<span class=\"_ _7\"></span>d. The pri<span class=\"_ _7\"></span>ncipa<span class=\"_ _7\"></span>l subsid<span class=\"_ _7\"></span>iari<span class=\"_ _7\"></span>es of the Co<span class=\"_ _7\"></span>mpany an<span class=\"_ _7\"></span>d the countr<span class=\"_ _7\"></span>y i<span class=\"_ _7\"></span>n which th<span class=\"_ _7\"></span>ey are inco<span class=\"_ _7\"></span>rpor<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed a<span class=\"_ _7\"></span>re listed in note<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>29.<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>The a<span class=\"_ _7\"></span>mounts c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>d in the con<span class=\"_ _7\"></span>solid<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed i<span class=\"_ _7\"></span>ncom<span class=\"_ _7\"></span>e statement c<span class=\"_ _7\"></span>ompr<span class=\"_ _7\"></span>ise the foll<span class=\"_ _7\"></span>owing:<span class=\"_ _9\"></span> <table class=\"s w639 hd6\" id=\"_ba3cf12a-af63-401c-9d17-03db40d0a6b2\"><tr><td></td><td></td><td class=\"t m0 x1fc h44 y2192 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1fb h43 y2193 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1ff h44 y2193 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y2194 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y2194 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x203 he y2195 ff5f fs7 fc2 sc0 ls21 ws99\">Curr<span class=\"_ _9\"></span>ent tax e<span class=\"_ _9\"></span>xpense/<span class=\"_ _a\"></span>(cr<span class=\"_ _9\"></span>edit<span class=\"_ _9\"></span>) </td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1fa3 w63a h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">E<span class=\"_ _7\"></span>xpe<span class=\"_ _7\"></span>nse for the yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n xbf1 y1fa3 w63b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xbf2 y1fa3 w63c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa4 w63d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Adjus<span class=\"_ _7\"></span>tments in re<span class=\"_ _7\"></span>spec<span class=\"_ _7\"></span>t of prior ye<span class=\"_ _7\"></span>ars<span class=\"_ _304\"> </span></div></td><td class=\"c n xbf3 y1fa4 w584 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbf4 y1fa4 w63e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(<span class=\"_ _7\"></span>1.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2196 w63f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3d ws46\">T<span class=\"_ _a\"></span>otal current<span class=\"_ _9\"></span> ta<span class=\"_ _7\"></span>x e<span class=\"_ _9\"></span>xpense<span class=\"_ _304\"> </span></div></td><td class=\"c n xbf5 y2196 w640 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">8.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xbf6 y2196 w228 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y2197 ff5f fs7 fc2 sc0 ls18 ws4c\">Defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1e77 w63a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">E<span class=\"_ _7\"></span>xpe<span class=\"_ _7\"></span>nse for the yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n x7e3 y1e77 w2a3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb4 wsd1\">70.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xbf7 y1e77 w24c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls13e ws1d4\">16<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2054 w63d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Adjus<span class=\"_ _7\"></span>tments in re<span class=\"_ _7\"></span>spec<span class=\"_ _7\"></span>t of prior ye<span class=\"_ _7\"></span>ars<span class=\"_ _304\"> </span></div></td><td class=\"c n x7f2 y2054 w266 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(13<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbf8 y2054 w641 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(0<span class=\"_ _7\"></span>.2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2198 w642 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ment in relat<span class=\"_ _9\"></span>ion t<span class=\"_ _9\"></span>o Bermuda Economic T<span class=\"_ _20\"></span>ransition Adjust<span class=\"_ _9\"></span>ment (ET<span class=\"_ _a\"></span>A)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbf9 y2198 w138 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(15<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbfa y2198 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa9 w643 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of rate cha<span class=\"_ _7\"></span>nge<span class=\"_ _304\"> </span></div></td><td class=\"c n xbfb y1fa9 w3ef h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbfc y1fa9 w228 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1fa0 w644 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x (<span class=\"_ _9\"></span>cre<span class=\"_ _7\"></span>dit)/<span class=\"_ _9\"></span>expen<span class=\"_ _7\"></span>se<span class=\"_ _304\"> </span></div></td><td class=\"c n xbfd y1fa0 w645 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(94.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xbfe y1fa0 w443 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa5 wsc0\">18<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w646 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al ta<span class=\"_ _7\"></span>x (credit)/e<span class=\"_ _9\"></span>xp<span class=\"_ _7\"></span>ense to the inc<span class=\"_ _7\"></span>ome st<span class=\"_ _7\"></span>atement<span class=\"_ _304\"> </span></div></td><td class=\"c n xbff y1e80 w647 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc00 y1e80 w36a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">2<span class=\"_ _7\"></span>1.7<span class=\"_ _304\"> </span></div></td></tr></table>The s<span class=\"_ _7\"></span>tanda<span class=\"_ _7\"></span>rd rate of corpo<span class=\"_ _7\"></span>ration ta<span class=\"_ _7\"></span>x in Be<span class=\"_ _7\"></span>rmud<span class=\"_ _7\"></span>a is 0% where<span class=\"_ _7\"></span>as the ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive rate of tax fo<span class=\"_ _7\"></span>r the Group i<span class=\"_ _7\"></span>s 1<span class=\"_ _a\"></span>3.8% (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>7<span class=\"_ _20\"></span>.9%<span class=\"_ _9\"></span>)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>A reco<span class=\"_ _7\"></span>ncili<span class=\"_ _7\"></span>ation of the dif<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>rence i<span class=\"_ _7\"></span>s provide<span class=\"_ _7\"></span>d below:<span class=\"_ _304\"> </span><table class=\"s w648 hd7\" id=\"_e90f9c1d-491f-4cba-88ee-874f27beccec\"><tr><td></td><td></td><td class=\"t m0 x1fc h44 y2199 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1fb h43 y219a ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1ff h44 y219a ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y219b ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y219b ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y219c wf9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls74 ws9a\">Profit b<span class=\"_ _7\"></span>efore ta<span class=\"_ _7\"></span>x<span class=\"_ _304\"> </span></div></td><td class=\"c n x30e y219c wfa h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls78 ws122\">625<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td><td class=\"c n x30f y219c wfb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd1 wsf8\">275.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y219d w649 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>a<span class=\"_ _7\"></span>x ca<span class=\"_ _7\"></span>lculated at th<span class=\"_ _7\"></span>e stand<span class=\"_ _7\"></span>ard cor<span class=\"_ _7\"></span>poration t<span class=\"_ _7\"></span>ax r<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e ap<span class=\"_ _7\"></span>plic<span class=\"_ _7\"></span>able in B<span class=\"_ _7\"></span>ermu<span class=\"_ _7\"></span>da: 0% (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>: 0%<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x894 y219d w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc01 y219d w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y219e w64a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fects of Grou<span class=\"_ _7\"></span>p entitie<span class=\"_ _7\"></span>s subje<span class=\"_ _7\"></span>ct to ov<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>sea<span class=\"_ _7\"></span>s ta<span class=\"_ _7\"></span>x at dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nt rates<span class=\"_ _304\"> </span></div></td><td class=\"c n xc02 y219e w64b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">52.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xc03 y219e w3dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6b wsc5\">4.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y219f ff5f fs7 fc2 sc0 ls38 ws41\">Impac<span class=\"_ _7\"></span>t of oversea<span class=\"_ _7\"></span>s ta<span class=\"_ _7\"></span>x rates on:<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y21a0 w643 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of rate cha<span class=\"_ _7\"></span>nge<span class=\"_ _304\"> </span></div></td><td class=\"c n xc04 y21a0 w4f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc05 y21a0 w10b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y21a1 w64c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">E<span class=\"_ _7\"></span>xpenses not<span class=\"_ _9\"></span> deductible for<span class=\"_ _9\"></span> ta<span class=\"_ _7\"></span>x purposes<span class=\"_ _304\"> </span></div></td><td class=\"c n xc06 y21a1 w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc07 y21a1 wd5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y21a2 w64d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>a<span class=\"_ _7\"></span>x l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s for whic<span class=\"_ _7\"></span>h no defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>set is rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed<span class=\"_ _304\"> </span></div></td><td class=\"c n xc08 y21a2 w2d4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>1.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xc09 y21a2 w237 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x861 y2015 w64e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws24c\">Oth<span class=\"_ _7\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xc0a y2015 w215 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls94 wsa9\">(0.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc0b y2015 w1f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y2016 w64f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls6e ws7d\">Adj<span class=\"_ _7\"></span>ustme<span class=\"_ _7\"></span>nt for sh<span class=\"_ _7\"></span>are-b<span class=\"_ _7\"></span>ase<span class=\"_ _7\"></span>d payme<span class=\"_ _7\"></span>nts<span class=\"_ _304\"> </span></div></td><td class=\"c n xc0c y2016 w2fd h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">6<span class=\"_ _7\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xc0d y2016 w1f3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y1f86 w650 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Adjustment<span class=\"_ _9\"></span> for Bermuda ET<span class=\"_ _a\"></span>A<span class=\"_ _304\"> </span></div></td><td class=\"c n xc0e y1f86 w30 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(<span class=\"_ _7\"></span>15<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc0f y1f86 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y1ed8 w651 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Pri<span class=\"_ _7\"></span>or<span class=\"_ _9\"></span>-<span class=\"_ _9\"></span>year t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>x adjustme<span class=\"_ _7\"></span>nts<span class=\"_ _304\"> </span></div></td><td class=\"c n xc10 y1ed8 w266 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(15<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc11 y1ed8 w148 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w652 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>a<span class=\"_ _7\"></span>x cha<span class=\"_ _7\"></span>rge for the yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n xc12 y1e80 w653 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc13 y1e80 w36a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">2<span class=\"_ _7\"></span>1.7<span class=\"_ _304\"> </span></div></td></tr></table>Incl<span class=\"_ _7\"></span>uded w<span class=\"_ _7\"></span>ithin the cu<span class=\"_ _7\"></span>rrent ta<span class=\"_ _7\"></span>x, a prov<span class=\"_ _7\"></span>ision is re<span class=\"_ _7\"></span>cog<span class=\"_ _7\"></span>nised for th<span class=\"_ _7\"></span>ose mat<span class=\"_ _7\"></span>ters for wh<span class=\"_ _7\"></span>ich the ta<span class=\"_ _7\"></span>x d<span class=\"_ _7\"></span>eterminati<span class=\"_ _7\"></span>on is unc<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>tain b<span class=\"_ _7\"></span>ut it is cons<span class=\"_ _7\"></span>idere<span class=\"_ _7\"></span>d probab<span class=\"_ _7\"></span>le that the<span class=\"_ _7\"></span>re will be a f<span class=\"_ _7\"></span>uture ou<span class=\"_ _7\"></span>tflow of fu<span class=\"_ _7\"></span>nds to a ta<span class=\"_ _7\"></span>x author<span class=\"_ _7\"></span>it<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. T<span class=\"_ _7\"></span>he provisi<span class=\"_ _7\"></span>ons are m<span class=\"_ _7\"></span>easu<span class=\"_ _7\"></span>red at the be<span class=\"_ _7\"></span>st estim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e of the amo<span class=\"_ _7\"></span>unt expe<span class=\"_ _7\"></span>cted to becom<span class=\"_ _7\"></span>e payable.<span class=\"_ _304\"> </span>The Group companies<span class=\"_ _9\"></span>\u2019 tax filings include<span class=\"_ _9\"></span> transactions<span class=\"_ _9\"></span> which are subject t<span class=\"_ _9\"></span>o t<span class=\"_ _9\"></span>ransfer pricing legisla<span class=\"_ _9\"></span>tion and t<span class=\"_ _9\"></span>he taxation authorit<span class=\"_ _9\"></span>ies may cha<span class=\"_ _7\"></span>llen<span class=\"_ _7\"></span>ge the ta<span class=\"_ _7\"></span>x treatme<span class=\"_ _7\"></span>nt of those tra<span class=\"_ _7\"></span>nsacti<span class=\"_ _7\"></span>ons. The D<span class=\"_ _7\"></span>irectors a<span class=\"_ _7\"></span>re proacti<span class=\"_ _7\"></span>vely en<span class=\"_ _7\"></span>gaged i<span class=\"_ _7\"></span>n discus<span class=\"_ _7\"></span>sion<span class=\"_ _7\"></span>s with the ta<span class=\"_ _7\"></span>x autho<span class=\"_ _7\"></span>ritie<span class=\"_ _7\"></span>s rega<span class=\"_ _7\"></span>rding the<span class=\"_ _7\"></span>se ta<span class=\"_ _7\"></span>x posi<span class=\"_ _7\"></span>tions. Th<span class=\"_ _7\"></span>e Group de<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>s, based o<span class=\"_ _7\"></span>n ta<span class=\"_ _7\"></span>x and tra<span class=\"_ _7\"></span>nsfer pr<span class=\"_ _7\"></span>icing ad<span class=\"_ _7\"></span>vic<span class=\"_ _7\"></span>e provide<span class=\"_ _7\"></span>d by e<span class=\"_ _9\"></span>x<span class=\"_ _7\"></span>terna<span class=\"_ _7\"></span>l spe<span class=\"_ _7\"></span>cial<span class=\"_ _7\"></span>ist ta<span class=\"_ _7\"></span>x adv<span class=\"_ _7\"></span>isors, that: it is pro<span class=\"_ _7\"></span>bable th<span class=\"_ _7\"></span>at the ta<span class=\"_ _7\"></span>x autho<span class=\"_ _7\"></span>ritie<span class=\"_ _7\"></span>s will as<span class=\"_ _7\"></span>ses<span class=\"_ _7\"></span>s additio<span class=\"_ _7\"></span>nal ta<span class=\"_ _7\"></span>xes in re<span class=\"_ _7\"></span>spe<span class=\"_ _7\"></span>ct of these fi<span class=\"_ _7\"></span>lings, for wh<span class=\"_ _7\"></span>ich provis<span class=\"_ _7\"></span>ions have be<span class=\"_ _7\"></span>en made; the am<span class=\"_ _7\"></span>ount rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed at the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet d<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e rep<span class=\"_ _7\"></span>rese<span class=\"_ _7\"></span>nts the best e<span class=\"_ _7\"></span>stimate of the amo<span class=\"_ _7\"></span>unt expe<span class=\"_ _7\"></span>cted to be settl<span class=\"_ _7\"></span>ed, taki<span class=\"_ _7\"></span>ng into accou<span class=\"_ _7\"></span>nt the rang<span class=\"_ _7\"></span>e of pot<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>ntial outcom<span class=\"_ _7\"></span>es an<span class=\"_ _7\"></span>d the curre<span class=\"_ _7\"></span>nt progre<span class=\"_ _7\"></span>ss of disc<span class=\"_ _7\"></span>ussio<span class=\"_ _7\"></span>ns with <span class=\"ls8 ws4\"> </span>tax authorities.<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls38 ws41 gse19\">23 De<span class=\"_ _7\"></span>ferr<span class=\"_ _7\"></span>ed ta<span class=\"_ _7\"></span>x<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gse1a\">Net de<span class=\"_ _7\"></span>ferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x ass<span class=\"_ _7\"></span>ets<span class=\"_ _304\"> </span></div><div class=\"gsc82\"><table class=\"s w654 hd8\" id=\"_2418d373-4d67-47f8-9f55-5b6e85df56d4\"><tr><td></td><td></td><td class=\"t m0 x1b1 h44 y21a3 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x26c h43 y21a4 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b3 h44 y21a4 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y21a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y21a5 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y21a6 w655 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>rading losses in o<span class=\"_ _9\"></span>verseas entities<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a7 y21a6 w225 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">29.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xc14 y21a6 w33e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">28.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21a7 w656 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d ws46\">Bermuda ET<span class=\"_ _a\"></span>A<span class=\"_ _304\"> </span></div></td><td class=\"c n xc15 y21a7 w657 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">15<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xc16 y21a7 w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21a8 w658 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x a<span class=\"_ _7\"></span>ssets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc17 y21a8 w659 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">11<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xc18 y21a8 wa1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21a9 w65a h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Deferred tax liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xc19 y21a9 w65b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>5<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1a y21a9 w65c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">(59.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21aa w65d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al net defe<span class=\"_ _7\"></span>rred t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>sset<span class=\"_ _7\"></span>s, before r<span class=\"_ _7\"></span>eclas<span class=\"_ _7\"></span>sific<span class=\"_ _7\"></span>ation of as<span class=\"_ _7\"></span>sets he<span class=\"_ _7\"></span>ld for sa<span class=\"_ _7\"></span>le<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1b y21aa w8d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x969 y21aa w65e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">38.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21ab w65f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Les<span class=\"_ _7\"></span>s assets h<span class=\"_ _7\"></span>eld for sa<span class=\"_ _7\"></span>le<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1c y21ab w505 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1d y21ab w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2052 w660 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al net defe<span class=\"_ _7\"></span>rred t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>sset<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1e y2052 w2a0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x506 y2052 w102 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">38.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y21ac ff64 fs7 fc2 sc0 ls38 ws41\">Net de<span class=\"_ _7\"></span>ferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x liabiliti<span class=\"_ _7\"></span>es<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2016 w658 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x a<span class=\"_ _7\"></span>ssets<span class=\"_ _304\"> </span></div></td><td class=\"c n x810 y2016 w5d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1f y2016 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w661 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Add as<span class=\"_ _7\"></span>sets held fo<span class=\"_ _7\"></span>r sale<span class=\"_ _304\"> </span></div></td><td class=\"c n xc20 y1f86 wee h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x73e y1f86 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w65a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Deferred tax liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xc21 y1ed8 w2ac h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>79.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc22 y1ed8 w662 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w663 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al net defe<span class=\"_ _7\"></span>rred t<span class=\"_ _7\"></span>ax li<span class=\"_ _7\"></span>abilitie<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xc23 y1e80 w26a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(56.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc24 y1e80 w662 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse1b\">Defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets and d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x liabi<span class=\"_ _7\"></span>lities re<span class=\"_ _7\"></span>lating to the sa<span class=\"_ _7\"></span>me ta<span class=\"_ _7\"></span>x autho<span class=\"_ _7\"></span>rit<span class=\"_ _7\"></span>y are pre<span class=\"_ _7\"></span>sented net i<span class=\"_ _7\"></span>n the Group\u2019<span class=\"_ _9\"></span>s balanc<span class=\"_ _7\"></span>e she<span class=\"_ _7\"></span>et<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gse1c\">Net defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x a<span class=\"_ _7\"></span>ssets<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gse1d\">Net de<span class=\"_ _7\"></span>ferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x ass<span class=\"_ _7\"></span>ets </div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gse1e\">At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cembe<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div><div class=\"gse1f\"><table class=\"s w664 hd9\" id=\"_1934537e-60e2-459a-ad51-77fb0df31052\"><tr><td></td><td></td><td class=\"t m0 xc25 h43 y21ad ff64 fs28 fc2 sc0 lsed ws17b\">Income<span class=\"_ _304\"> </span></td><td class=\"t m0 xc26 h43 y21ad ff64 fs28 fc2 sc0 ls7c ws98\">Recognised </td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x7b8 h43 y21ae ff64 fs28 fc2 sc0 ls145 ws24d\">statement<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a6 h43 y21ae ff64 fs28 fc2 sc0 ls131 ws1b8\">in other<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xc27 h44 y21af ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td><td class=\"t m0 x744 h43 y21af ff64 fs28 fc2 sc0 lse6 ws12d\">(charge)<span class=\"_ _304\"> </span></td><td class=\"t m0 xc28 h43 y21af ff64 fs28 fc2 sc0 lse6 ws12d\">comprehensive<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a3 h43 y21af ff64 fs28 fc2 sc0 ls8 ws4\">Fo<span class=\"_ _7\"></span>re<span class=\"_ _7\"></span>ig<span class=\"_ _7\"></span>n </td><td></td></tr><tr><td></td><td class=\"t m0 x7b7 h44 y21b0 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td><td class=\"t m0 x362 h43 y21b0 ff64 fs28 fc2 sc0 ls179 ws24e\">/cr<span class=\"_ _7\"></span>e<span class=\"_ _7\"></span>di<span class=\"_ _7\"></span>t<span class=\"_ _304\"> </span></td><td class=\"t m0 xc29 h43 y21b0 ff64 fs28 fc2 sc0 ls117 ws246\">income/equity<span class=\"_ _304\"> </span></td><td class=\"t m0 x41c h43 y21b0 ff64 fs28 fc2 sc0 lse6 ws12d\">exchange<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h43 y21b0 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x41e h44 y21b1 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h43 y21b1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y21b1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h43 y21b1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y21b1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y21b2 w665 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Deferred compensat<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2a y21b2 w666 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2b y21b2 wea h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2c y21b2 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2d y21b2 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c8 y21b2 w43b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b3 w667 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">Under<span class=\"_ _7\"></span>writing*<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2e y21b3 wd4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2f y21b3 w424 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc30 y21b3 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc31 y21b3 w424 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc03 y21b3 wf0 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b4 w668 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Financial assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc32 y21b4 w32f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _c\"> </span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xc33 y21b4 w669 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">(5.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc34 y21b4 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x338 y21b4 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x339 y21b4 w3fe h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b5 w66a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>angible assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc35 y21b5 w66b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">(5.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc36 y21b5 w42a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(2.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc30 y21b5 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc37 y21b5 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc38 y21b5 w2e6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b6 w66c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws19\">Loss<span class=\"_ _7\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n xc39 y21b6 w33e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">28.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3a y21b6 w66d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3b y21b6 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3c y21b6 wed h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3d y21b6 w65e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">3<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e5f w656 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d ws46\">Bermuda ET<span class=\"_ _a\"></span>A<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3e y1e5f w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3f y1e5f w4a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">15<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xc40 y1e5f w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc41 y1e5f w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc42 y1e5f w65 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">15<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e60 w64e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws19\">Oth<span class=\"_ _7\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xc43 y1e60 w66e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xc44 y1e60 w41a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ec y1e60 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc45 y1e60 w420 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x73c y1e60 w2e7 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b7 w66f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc46 y21b7 w670 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">38.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc47 y21b7 w35 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">1<span class=\"_ _9\"></span>46.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3b y21b7 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc48 y21b7 w424 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc49 y21b7 w671 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b8 w672 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">Pension<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4a y21b8 w110 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4b y21b8 w673 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4c y21b8 w4f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4d y21b8 w2f2 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(0<span class=\"_ _7\"></span>.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4e y21b8 w21a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b9 w665 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Deferred compensat<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4f y21b9 w1df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xc50 y21b9 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc51 y21b9 w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x886 y21b9 wea h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xc52 y21b9 w262 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21ba w667 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">Under<span class=\"_ _7\"></span>writing*<span class=\"_ _304\"> </span></div></td><td class=\"c n xc53 y21ba w674 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc54 y21ba w2df h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(3<span class=\"_ _7\"></span>3.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3b y21ba w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb48 y21ba w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc55 y21ba w2b8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2108 w675 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Intangible asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xc56 y2108 w676 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(<span class=\"_ _7\"></span>10.<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc57 y2108 w505 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc58 y2108 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc59 y2108 w3ac h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5a y2108 w677 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(1<span class=\"_ _a\"></span>4.6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21bb w668 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Financial assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5b y21bb w666 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5c y21bb w3f3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(6.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5d y21bb w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5e y21bb w678 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5f y21bb w3f9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>2.6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21bc w66a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>angible assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc60 y21bc wd4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xc61 y21bc w423 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>3.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x470 y21bc w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x471 y21bc w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc62 y21bc w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21bd w66c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws19\">Loss<span class=\"_ _7\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n xc63 y21bd w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc64 y21bd w679 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls94 wsa9\">6.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xc65 y21bd w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cd y21bd w179 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x897 y21bd wa3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21be w67a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">O<span class=\"_ _7\"></span>th<span class=\"_ _7\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xc66 y21be w67b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x309 y21be w3ef h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc67 y21be w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc68 y21be w437 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xc69 y21be w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21bf w67c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x lia<span class=\"_ _7\"></span>bilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6a y21bf w67d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6b y21bf w67e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>52.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6c y21bf w4f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6d y21bf w67f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6e y21bf w680 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(59.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21c0 w681 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Net tota<span class=\"_ _7\"></span>l deferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6f y21c0 wa1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xc70 y21c0 wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">9<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xc71 y21c0 w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc72 y21c0 w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc73 y21c0 w426 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21c1 w682 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Les<span class=\"_ _7\"></span>s ass<span class=\"_ _7\"></span>ets held fo<span class=\"_ _7\"></span>r sale<span class=\"_ _304\"> </span></div></td><td class=\"c n xc74 y21c1 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc57 y21c1 w678 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc75 y21c1 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc76 y21c1 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc77 y21c1 w420 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w683 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Net G<span class=\"_ _7\"></span>roup defe<span class=\"_ _7\"></span>rred t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>sset<span class=\"_ _304\"> </span></div></td><td class=\"c n xc78 y1e80 w684 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _c\"> </span>4<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xc79 y1e80 w17b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">92.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc7a y1e80 w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x986 y1e80 w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc7b y1e80 w2d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">123<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 h5 ff5f fs2 fc2 sc0 lsc wsc gse20\">*Re<span class=\"_ _7\"></span>sta<span class=\"_ _7\"></span>ted for th<span class=\"_ _7\"></span>e defe<span class=\"_ _7\"></span>rre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x im<span class=\"_ _7\"></span>pact o<span class=\"_ _7\"></span>f IFRS 1<span class=\"_ _9\"></span>7 ado<span class=\"_ _7\"></span>ptio<span class=\"_ _7\"></span>n.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse21\">Moveme<span class=\"_ _7\"></span>nts in defer<span class=\"_ _7\"></span>red an<span class=\"_ _7\"></span>d curre<span class=\"_ _7\"></span>nt ta<span class=\"_ _7\"></span>x relating to ta<span class=\"_ _7\"></span>x de<span class=\"_ _7\"></span>ductio<span class=\"_ _7\"></span>ns aris<span class=\"_ _7\"></span>ing on e<span class=\"_ _7\"></span>mployee s<span class=\"_ _7\"></span>hare option<span class=\"_ _7\"></span>s are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse22\">stateme<span class=\"_ _7\"></span>nt of chan<span class=\"_ _7\"></span>ges in e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y to the extent that th<span class=\"_ _7\"></span>e movement exce<span class=\"_ _7\"></span>eds the c<span class=\"_ _7\"></span>orres<span class=\"_ _7\"></span>pondi<span class=\"_ _7\"></span>ng charg<span class=\"_ _7\"></span>e to the incom<span class=\"_ _7\"></span>e statement. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse23\">Moveme<span class=\"_ _7\"></span>nts in defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x rel<span class=\"_ _7\"></span>ating to the empl<span class=\"_ _7\"></span>oyee retireme<span class=\"_ _7\"></span>nt ben<span class=\"_ _7\"></span>efit obli<span class=\"_ _7\"></span>gation are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in th<span class=\"_ _7\"></span>e statement of<span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse24\">com<span class=\"_ _7\"></span>prehe<span class=\"_ _7\"></span>nsive inc<span class=\"_ _7\"></span>ome to the ex<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>en<span class=\"_ _7\"></span>t that the moveme<span class=\"_ _7\"></span>nt corre<span class=\"_ _7\"></span>spon<span class=\"_ _7\"></span>ds to actuar<span class=\"_ _7\"></span>ial ga<span class=\"_ _7\"></span>ins and lo<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>s recog<span class=\"_ _7\"></span>nised i<span class=\"_ _7\"></span>n the stateme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse25\">of comp<span class=\"_ _7\"></span>rehe<span class=\"_ _7\"></span>nsive inc<span class=\"_ _7\"></span>ome. The total exp<span class=\"_ _7\"></span>ense re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised ou<span class=\"_ _7\"></span>tside the i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement is $<span class=\"_ _7\"></span>0.<span class=\"_ _9\"></span>4 mill<span class=\"_ _7\"></span>ion (2022<span class=\"_ _9\"></span>: expens<span class=\"_ _7\"></span>e of<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse26\">$6.5 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>, compr<span class=\"_ _7\"></span>ising $1<span class=\"_ _a\"></span>.3 mil<span class=\"_ _7\"></span>lion defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x i<span class=\"_ _7\"></span>ncome a<span class=\"_ _7\"></span>nd $1<span class=\"_ _a\"></span>.<span class=\"_ _9\"></span>7 million c<span class=\"_ _7\"></span>urre<span class=\"_ _7\"></span>nt ta<span class=\"_ _7\"></span>x expens<span class=\"_ _7\"></span>e (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: $9.4 million d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse27\">ta<span class=\"_ _7\"></span>x expe<span class=\"_ _7\"></span>nse and $2.9 million c<span class=\"_ _7\"></span>urrent t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>x incom<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>).<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse29\">Defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets of $37<span class=\"_ _e\"></span>.4 mill<span class=\"_ _7\"></span>ion ($36.3 mil<span class=\"_ _7\"></span>lion excludi<span class=\"_ _7\"></span>ng asse<span class=\"_ _7\"></span>ts held for s<span class=\"_ _7\"></span>ale) (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: 28.<span class=\"_ _9\"></span>4 mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>, relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o lo<span class=\"_ _7\"></span>sses a<span class=\"_ _7\"></span>risi<span class=\"_ _7\"></span>ng in </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse2a\">overse<span class=\"_ _7\"></span>as entiti<span class=\"_ _7\"></span>es, whi<span class=\"_ _7\"></span>ch dep<span class=\"_ _7\"></span>end on th<span class=\"_ _7\"></span>e availabi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y of future ta<span class=\"_ _7\"></span>xa<span class=\"_ _7\"></span>ble profits, have be<span class=\"_ _7\"></span>en rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed. Busin<span class=\"_ _7\"></span>ess p<span class=\"_ _7\"></span>rojectio<span class=\"_ _7\"></span>ns indi<span class=\"_ _7\"></span>cate<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse2b\">it is pro<span class=\"_ _7\"></span>bable th<span class=\"_ _7\"></span>at suf<span class=\"_ _7\"></span>fici<span class=\"_ _7\"></span>ent fu<span class=\"_ _7\"></span>ture ta<span class=\"_ _7\"></span>xabl<span class=\"_ _7\"></span>e incom<span class=\"_ _7\"></span>e will be avai<span class=\"_ _7\"></span>lable a<span class=\"_ _7\"></span>gains<span class=\"_ _7\"></span>t which to of<span class=\"_ _7\"></span>fset the<span class=\"_ _7\"></span>se rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse2c\">withi<span class=\"_ _7\"></span>n five year<span class=\"_ _7\"></span>s. $2<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.<span class=\"_ _9\"></span>7 milli<span class=\"_ _7\"></span>on (202<span class=\"_ _9\"></span>2: $2<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.<span class=\"_ _9\"></span>7 millio<span class=\"_ _7\"></span>n) o<span class=\"_ _9\"></span>f the ta<span class=\"_ _7\"></span>x l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o wh<span class=\"_ _7\"></span>ich the<span class=\"_ _7\"></span>se asse<span class=\"_ _7\"></span>ts relate will exp<span class=\"_ _7\"></span>ire within ten ye<span class=\"_ _7\"></span>ars; a </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse2d\">fur<span class=\"_ _7\"></span>th<span class=\"_ _7\"></span>er $9.<span class=\"_ _9\"></span>7 million (2022<span class=\"_ _9\"></span>: $0.<span class=\"_ _9\"></span>7 milli<span class=\"_ _7\"></span>on) will expire af<span class=\"_ _7\"></span>ter ten ye<span class=\"_ _7\"></span>ars or w<span class=\"_ _7\"></span>ill be avail<span class=\"_ _7\"></span>able in<span class=\"_ _7\"></span>definitel<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. T<span class=\"_ _7\"></span>he Grou<span class=\"_ _7\"></span>p has not provi<span class=\"_ _7\"></span>ded for </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse2e\">defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets totalling $<span class=\"_ _7\"></span>84.<span class=\"_ _9\"></span>8 mil<span class=\"_ _7\"></span>lion (2022<span class=\"_ _9\"></span>: $56.6 million) in rel<span class=\"_ _7\"></span>ation to losse<span class=\"_ _7\"></span>s in overse<span class=\"_ _7\"></span>as co<span class=\"_ _7\"></span>mpani<span class=\"_ _7\"></span>es and u<span class=\"_ _7\"></span>nutilis<span class=\"_ _7\"></span>ed ta<span class=\"_ _7\"></span>x </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse2f\">cred<span class=\"_ _7\"></span>its of $4<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>5.5 million (2022<span class=\"_ _9\"></span>: $2<span class=\"_ _9\"></span>79<span class=\"_ _9\"></span>.0 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse30\">In acc<span class=\"_ _7\"></span>ordanc<span class=\"_ _7\"></span>e with IAS<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>, all d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x assets a<span class=\"_ _7\"></span>nd liab<span class=\"_ _7\"></span>ilitie<span class=\"_ _7\"></span>s are cla<span class=\"_ _7\"></span>ssifi<span class=\"_ _7\"></span>ed as no<span class=\"_ _7\"></span>n-cur<span class=\"_ _7\"></span>rent. The am<span class=\"_ _7\"></span>ount of defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>set </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse31\">expe<span class=\"_ _7\"></span>cted to be recovere<span class=\"_ _7\"></span>d after m<span class=\"_ _7\"></span>ore than 1<span class=\"_ _9\"></span>2 months is $1<span class=\"_ _a\"></span>23.8<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n (2<span class=\"_ _9\"></span>022:<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>$<span class=\"_ _7\"></span>53.5<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>).<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gse32\">Factors af<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ng ta<span class=\"_ _7\"></span>x cha<span class=\"_ _7\"></span>rges in f<span class=\"_ _7\"></span>uture yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse33\">An in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o the U<span class=\"_ _7\"></span>K corp<span class=\"_ _7\"></span>orate ta<span class=\"_ _7\"></span>x rate t<span class=\"_ _9\"></span>o 25<span class=\"_ _a\"></span>% f<span class=\"_ _7\"></span>rom 1 Ap<span class=\"_ _7\"></span>ril 2023 was substa<span class=\"_ _7\"></span>ntively e<span class=\"_ _7\"></span>nacted o<span class=\"_ _7\"></span>n 2<span class=\"_ _a\"></span>4 M<span class=\"_ _7\"></span>ay 202<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>. Thi<span class=\"_ _7\"></span>s will have<span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse34\">a cons<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>ntial ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct on the Co<span class=\"_ _7\"></span>mpany\u2019<span class=\"_ _9\"></span>s futu<span class=\"_ _7\"></span>re ta<span class=\"_ _7\"></span>x charg<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, an<span class=\"_ _7\"></span>d defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s in relati<span class=\"_ _7\"></span>on to the UK have dec<span class=\"_ _7\"></span>rease<span class=\"_ _7\"></span>d by<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse35\">$<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>.3 million. Th<span class=\"_ _7\"></span>e impac<span class=\"_ _7\"></span>t of these ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s in futu<span class=\"_ _7\"></span>re peri<span class=\"_ _7\"></span>ods wil<span class=\"_ _7\"></span>l be dep<span class=\"_ _7\"></span>ende<span class=\"_ _7\"></span>nt on the leve<span class=\"_ _7\"></span>l of ta<span class=\"_ _7\"></span>xable p<span class=\"_ _7\"></span>rofits in those p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>ds.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse36\">One h<span class=\"_ _7\"></span>undred a<span class=\"_ _7\"></span>nd thir<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y cou<span class=\"_ _7\"></span>ntries h<span class=\"_ _7\"></span>ave agreed to impl<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt a new globa<span class=\"_ _7\"></span>l minim<span class=\"_ _7\"></span>um ta<span class=\"_ _7\"></span>x (GMT<span class=\"_ _7\"></span>) as \u2018Pill<span class=\"_ _7\"></span>ar T<span class=\"_ _a\"></span>wo\u2019 o<span class=\"_ _9\"></span>f the O<span class=\"_ _7\"></span>ECD <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse37\">two<span class=\"_ _7\"></span>-Pilla<span class=\"_ _7\"></span>r reform fra<span class=\"_ _7\"></span>mework. T<span class=\"_ _7\"></span>he GM<span class=\"_ _7\"></span>T uses ad<span class=\"_ _7\"></span>justed co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated accou<span class=\"_ _7\"></span>nting data to cal<span class=\"_ _7\"></span>culate the ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive ta<span class=\"_ _7\"></span>x rate (ETR) p<span class=\"_ _7\"></span>aid </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse38\">on profits by a mu<span class=\"_ _7\"></span>ltination<span class=\"_ _7\"></span>al in eac<span class=\"_ _7\"></span>h juri<span class=\"_ _7\"></span>sdictio<span class=\"_ _7\"></span>n in whic<span class=\"_ _7\"></span>h it ope<span class=\"_ _7\"></span>rates; and then a<span class=\"_ _7\"></span>pplie<span class=\"_ _7\"></span>s a \u2018top-up ta<span class=\"_ _7\"></span>x\u2019 on a<span class=\"_ _7\"></span>ny jurisd<span class=\"_ _7\"></span>iction<span class=\"_ _7\"></span>s where th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse39\">E<span class=\"_ _7\"></span>TR is be<span class=\"_ _7\"></span>low 1<span class=\"_ _a\"></span>5%<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gse3a\">Multiple juris<span class=\"_ _9\"></span>dictions in<span class=\"_ _9\"></span> which the Group<span class=\"_ _9\"></span> operates ha<span class=\"_ _9\"></span>ve sub<span class=\"_ _9\"></span>stantively enact<span class=\"_ _9\"></span>ed such legisla<span class=\"_ _9\"></span>tion (<span class=\"_ _9\"></span>\u2018Pil<span class=\"_ _9\"></span>lar T<span class=\"_ _a\"></span>wo legislat<span class=\"_ _9\"></span>ion<span class=\"_ _9\"></span>\u2019) be<span class=\"_ _9\"></span>fore<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse3b\">the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet date. Th<span class=\"_ _7\"></span>e Hiscox Grou<span class=\"_ _7\"></span>p expec<span class=\"_ _7\"></span>ts t<span class=\"_ _9\"></span>o be w<span class=\"_ _7\"></span>ithin the sc<span class=\"_ _7\"></span>ope of the<span class=\"_ _7\"></span>se rul<span class=\"_ _7\"></span>es, by vir<span class=\"_ _7\"></span>tue of the fac<span class=\"_ _7\"></span>t that the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse3c\">cons<span class=\"_ _7\"></span>olidated reve<span class=\"_ _7\"></span>nue in at le<span class=\"_ _7\"></span>ast t<span class=\"_ _7\"></span>wo of the four year<span class=\"_ _7\"></span>s prio<span class=\"_ _7\"></span>r t<span class=\"_ _9\"></span>o 202<span class=\"_ _9\"></span>4 exceede<span class=\"_ _7\"></span>d \u20ac750 million.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gse3d\">This legislation<span class=\"_ _9\"></span> brings int<span class=\"_ _9\"></span>o effect the Income<span class=\"_ _9\"></span> Inclusion Rule (<span class=\"_ _9\"></span>IIR) and<span class=\"_ _9\"></span> Qualified Domestic Minimum T<span class=\"_ _20\"></span>op-Up T<span class=\"_ _a\"></span>a<span class=\"_ _7\"></span>x (QDMTT<span class=\"_ _7\"></span>) from <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse3e\">202<span class=\"_ _9\"></span>4 (which are n<span class=\"_ _7\"></span>ot expected to have a materi<span class=\"_ _7\"></span>al impa<span class=\"_ _7\"></span>ct on the Gro<span class=\"_ _7\"></span>up)<span class=\"_ _9\"></span>, and the Und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>xed Profits Rul<span class=\"_ _7\"></span>e (UTPR) fro<span class=\"_ _7\"></span>m 202<span class=\"_ _9\"></span>5,<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse3f\">mea<span class=\"_ _7\"></span>ning that \u2018<span class=\"_ _7\"></span>top-up ta<span class=\"_ _7\"></span>xes\u2019 on profits in ju<span class=\"_ _7\"></span>risdic<span class=\"_ _7\"></span>tions wh<span class=\"_ _7\"></span>ere the E<span class=\"_ _7\"></span>TR is b<span class=\"_ _7\"></span>elow 1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>% may be payable i<span class=\"_ _7\"></span>n other jur<span class=\"_ _7\"></span>isdicti<span class=\"_ _7\"></span>ons acros<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse40\">the Gro<span class=\"_ _7\"></span>up with ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t from 2025<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse41\">Base<span class=\"_ _7\"></span>d on histor<span class=\"_ _7\"></span>ic trends, the p<span class=\"_ _7\"></span>ropor<span class=\"_ _7\"></span>tion of th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s p<span class=\"_ _7\"></span>rofits expec<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed to be im<span class=\"_ _7\"></span>pacted is bet<span class=\"_ _7\"></span>wee<span class=\"_ _7\"></span>n $0 mill<span class=\"_ _7\"></span>ion to $5 milli<span class=\"_ _7\"></span>on,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse42\">and th<span class=\"_ _7\"></span>e average ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive rate currentl<span class=\"_ _7\"></span>y appl<span class=\"_ _7\"></span>icab<span class=\"_ _7\"></span>le to those profits is 5% t<span class=\"_ _9\"></span>o 7<span class=\"_ _9\"></span>%.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse43\">Severa<span class=\"_ _7\"></span>l other jur<span class=\"_ _7\"></span>isdic<span class=\"_ _7\"></span>tions in wh<span class=\"_ _7\"></span>ich the G<span class=\"_ _7\"></span>roup ope<span class=\"_ _7\"></span>rates have propos<span class=\"_ _7\"></span>ed Pilla<span class=\"_ _7\"></span>r T<span class=\"_ _a\"></span>wo leg<span class=\"_ _7\"></span>islatio<span class=\"_ _7\"></span>n, which woul<span class=\"_ _7\"></span>d imple<span class=\"_ _7\"></span>ment c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>es </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse44\">simi<span class=\"_ _7\"></span>lar to those id<span class=\"_ _7\"></span>entifie<span class=\"_ _7\"></span>d above, but the le<span class=\"_ _7\"></span>gislati<span class=\"_ _7\"></span>on has not yet be<span class=\"_ _7\"></span>en sub<span class=\"_ _7\"></span>stantive<span class=\"_ _7\"></span>ly ena<span class=\"_ _7\"></span>cted at the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet date. Give<span class=\"_ _7\"></span>n that </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse45\">Pilla<span class=\"_ _7\"></span>r T<span class=\"_ _a\"></span>wo leg<span class=\"_ _7\"></span>islation i<span class=\"_ _7\"></span>mple<span class=\"_ _7\"></span>menting b<span class=\"_ _7\"></span>oth IIR and UT<span class=\"_ _7\"></span>PR has alre<span class=\"_ _7\"></span>ady be<span class=\"_ _7\"></span>en sub<span class=\"_ _7\"></span>stantive<span class=\"_ _7\"></span>ly enac<span class=\"_ _7\"></span>ted in vario<span class=\"_ _7\"></span>us jur<span class=\"_ _7\"></span>isdicti<span class=\"_ _7\"></span>ons in wh<span class=\"_ _7\"></span>ich </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse46\">the Gro<span class=\"_ _7\"></span>up ope<span class=\"_ _7\"></span>rates, the Group d<span class=\"_ _7\"></span>oes not exp<span class=\"_ _7\"></span>ect the e<span class=\"_ _7\"></span>nactme<span class=\"_ _7\"></span>nt of Pillar T<span class=\"_ _9\"></span>wo legis<span class=\"_ _7\"></span>lation by thes<span class=\"_ _7\"></span>e juris<span class=\"_ _7\"></span>dictio<span class=\"_ _7\"></span>ns t<span class=\"_ _9\"></span>o have a fu<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ther </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse47\">addi<span class=\"_ _7\"></span>tional im<span class=\"_ _7\"></span>pact on th<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>otal i<span class=\"_ _7\"></span>ncome t<span class=\"_ _7\"></span>ax to whi<span class=\"_ _7\"></span>ch the Gro<span class=\"_ _7\"></span>up is expos<span class=\"_ _7\"></span>ed. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse48\">As a res<span class=\"_ _7\"></span>ponse to the Pill<span class=\"_ _7\"></span>ar T<span class=\"_ _a\"></span>wo refor<span class=\"_ _7\"></span>m, Bermu<span class=\"_ _7\"></span>da has intro<span class=\"_ _7\"></span>duce<span class=\"_ _7\"></span>d a corp<span class=\"_ _7\"></span>orate incom<span class=\"_ _7\"></span>e ta<span class=\"_ _7\"></span>x (Ber<span class=\"_ _7\"></span>muda CIT<span class=\"_ _7\"></span>) w<span class=\"_ _7\"></span>hich was s<span class=\"_ _7\"></span>ubsta<span class=\"_ _7\"></span>ntively </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse49\">ena<span class=\"_ _7\"></span>cted at the bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet date; and will a<span class=\"_ _7\"></span>pply at a r<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e of 1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>% t<span class=\"_ _9\"></span>o profits of ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain B<span class=\"_ _7\"></span>ermu<span class=\"_ _7\"></span>da cons<span class=\"_ _7\"></span>tituent e<span class=\"_ _7\"></span>ntities w<span class=\"_ _7\"></span>ith ef<span class=\"_ _7\"></span>fect <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse4a\">from 1 Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y 2025. The Grou<span class=\"_ _7\"></span>p expec<span class=\"_ _7\"></span>ts t<span class=\"_ _9\"></span>o be su<span class=\"_ _7\"></span>bject to Be<span class=\"_ _7\"></span>rmud<span class=\"_ _7\"></span>a CIT<span class=\"_ _a\"></span>. The p<span class=\"_ _7\"></span>ropor<span class=\"_ _7\"></span>tion of the G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s profi<span class=\"_ _7\"></span>ts arisi<span class=\"_ _7\"></span>ng in Be<span class=\"_ _7\"></span>rmuda <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse4b\">is the<span class=\"_ _7\"></span>refore not expec<span class=\"_ _7\"></span>ted t<span class=\"_ _9\"></span>o be s<span class=\"_ _7\"></span>ubjec<span class=\"_ _7\"></span>t to Pillar T<span class=\"_ _a\"></span>wo top-up t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>nd is not inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in the esti<span class=\"_ _7\"></span>mated impac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse4c\">The B<span class=\"_ _7\"></span>erm<span class=\"_ _7\"></span>uda CIT w<span class=\"_ _7\"></span>ill app<span class=\"_ _7\"></span>ly at a rate of 1<span class=\"_ _a\"></span>5<span class=\"_ _9\"></span>% on th<span class=\"_ _7\"></span>e profits of Hiscox\u2019<span class=\"_ _9\"></span>s Berm<span class=\"_ _7\"></span>udia<span class=\"_ _7\"></span>n constitu<span class=\"_ _7\"></span>ent enti<span class=\"_ _7\"></span>ties. Th<span class=\"_ _7\"></span>is will have a </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse4d\">cons<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>ntial ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct on the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s future t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>x charge. A de<span class=\"_ _7\"></span>ferred t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>sset of $1<span class=\"_ _a\"></span>50.0 million i<span class=\"_ _7\"></span>n relation to the e<span class=\"_ _7\"></span>conom<span class=\"_ _7\"></span>ic trans<span class=\"_ _7\"></span>ition </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse4e\">adju<span class=\"_ _7\"></span>stment (E<span class=\"_ _7\"></span>T<span class=\"_ _a\"></span>A<span class=\"_ _7\"></span>) require<span class=\"_ _7\"></span>d by this leg<span class=\"_ _7\"></span>islation h<span class=\"_ _7\"></span>as bee<span class=\"_ _7\"></span>n reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d at the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet date. On fir<span class=\"_ _7\"></span>st enteri<span class=\"_ _7\"></span>ng the sco<span class=\"_ _7\"></span>pe of </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse4f\">Ber<span class=\"_ _7\"></span>muda C<span class=\"_ _7\"></span>IT<span class=\"_ _a\"></span>, the ET<span class=\"_ _9\"></span>A requi<span class=\"_ _7\"></span>res eac<span class=\"_ _7\"></span>h in scop<span class=\"_ _7\"></span>e entit<span class=\"_ _7\"></span>y to estimate the fair va<span class=\"_ _7\"></span>lue of the as<span class=\"_ _7\"></span>sets and li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties he<span class=\"_ _7\"></span>ld by the Ber<span class=\"_ _7\"></span>mudi<span class=\"_ _7\"></span>an </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse50\">busi<span class=\"_ _7\"></span>nes<span class=\"_ _7\"></span>s at 30 Septemb<span class=\"_ _7\"></span>er 2023 and use thi<span class=\"_ _7\"></span>s in plac<span class=\"_ _7\"></span>e of book valu<span class=\"_ _7\"></span>e for ta<span class=\"_ _7\"></span>x pur<span class=\"_ _7\"></span>pose<span class=\"_ _7\"></span>s, creating temp<span class=\"_ _7\"></span>orar<span class=\"_ _7\"></span>y di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>es. Th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse51\">pri<span class=\"_ _7\"></span>ncipal d<span class=\"_ _7\"></span>river of th<span class=\"_ _7\"></span>is tempora<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nce is the c<span class=\"_ _7\"></span>ustomer re<span class=\"_ _7\"></span>lationsh<span class=\"_ _7\"></span>ips inta<span class=\"_ _7\"></span>ngibl<span class=\"_ _7\"></span>e asset w<span class=\"_ _7\"></span>hich is s<span class=\"_ _7\"></span>ubjec<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse52\">judg<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt and es<span class=\"_ _7\"></span>timates, inclu<span class=\"_ _7\"></span>ding fore<span class=\"_ _7\"></span>cast c<span class=\"_ _7\"></span>ashflows, the di<span class=\"_ _7\"></span>scount r<span class=\"_ _7\"></span>ate and cap<span class=\"_ _7\"></span>ital al<span class=\"_ _7\"></span>locatio<span class=\"_ _7\"></span>n charg<span class=\"_ _7\"></span>es. The i<span class=\"_ _7\"></span>mpact of <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse53\">thes<span class=\"_ _7\"></span>e chan<span class=\"_ _7\"></span>ges on th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s E<span class=\"_ _7\"></span>TR in f<span class=\"_ _7\"></span>uture pe<span class=\"_ _7\"></span>rio<span class=\"_ _7\"></span>ds will b<span class=\"_ _7\"></span>e depe<span class=\"_ _7\"></span>ndent o<span class=\"_ _7\"></span>n the level of ta<span class=\"_ _7\"></span>xa<span class=\"_ _7\"></span>ble profits in th<span class=\"_ _7\"></span>ose per<span class=\"_ _7\"></span>iods fo<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gse54\">the Gro<span class=\"_ _9\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s Bermuda const<span class=\"_ _9\"></span>ituent ent<span class=\"_ _9\"></span>ities.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-446": {
   "value": "23 De<span class=\"_ _7\"></span>ferr<span class=\"_ _7\"></span>ed ta<span class=\"_ _7\"></span>x<span class=\"_ _304\"> </span>Net de<span class=\"_ _7\"></span>ferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x ass<span class=\"_ _7\"></span>ets<span class=\"_ _304\"> </span><table class=\"s w654 hd8\" id=\"_2418d373-4d67-47f8-9f55-5b6e85df56d4\"><tr><td></td><td></td><td class=\"t m0 x1b1 h44 y21a3 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x26c h43 y21a4 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b3 h44 y21a4 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y21a5 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y21a5 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y21a6 w655 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>rading losses in o<span class=\"_ _9\"></span>verseas entities<span class=\"_ _304\"> </span></div></td><td class=\"c n x8a7 y21a6 w225 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">29.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xc14 y21a6 w33e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">28.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21a7 w656 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d ws46\">Bermuda ET<span class=\"_ _a\"></span>A<span class=\"_ _304\"> </span></div></td><td class=\"c n xc15 y21a7 w657 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">15<span class=\"_ _7\"></span>0<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xc16 y21a7 w6f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21a8 w658 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x a<span class=\"_ _7\"></span>ssets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc17 y21a8 w659 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">11<span class=\"_ _7\"></span>.<span class=\"_ _2c\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xc18 y21a8 wa1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">6<span class=\"_ _2c\"></span>9<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21a9 w65a h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Deferred tax liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xc19 y21a9 w65b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>5<span class=\"_ _c\"> </span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1a y21a9 w65c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">(59.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21aa w65d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al net defe<span class=\"_ _7\"></span>rred t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>sset<span class=\"_ _7\"></span>s, before r<span class=\"_ _7\"></span>eclas<span class=\"_ _7\"></span>sific<span class=\"_ _7\"></span>ation of as<span class=\"_ _7\"></span>sets he<span class=\"_ _7\"></span>ld for sa<span class=\"_ _7\"></span>le<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1b y21aa w8d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n x969 y21aa w65e h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">38.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21ab w65f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Les<span class=\"_ _7\"></span>s assets h<span class=\"_ _7\"></span>eld for sa<span class=\"_ _7\"></span>le<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1c y21ab w505 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1d y21ab w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2052 w660 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al net defe<span class=\"_ _7\"></span>rred t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>sset<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1e y2052 w2a0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x506 y2052 w102 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">38.2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb h25 y21ac ff64 fs7 fc2 sc0 ls38 ws41\">Net de<span class=\"_ _7\"></span>ferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x liabiliti<span class=\"_ _7\"></span>es<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y2016 w658 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws4c\">Defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x a<span class=\"_ _7\"></span>ssets<span class=\"_ _304\"> </span></div></td><td class=\"c n x810 y2016 w5d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">20.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xc1f y2016 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w661 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Add as<span class=\"_ _7\"></span>sets held fo<span class=\"_ _7\"></span>r sale<span class=\"_ _304\"> </span></div></td><td class=\"c n xc20 y1f86 wee h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n x73e y1f86 w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w65a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Deferred tax liabilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xc21 y1ed8 w2ac h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>79.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc22 y1ed8 w662 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w663 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al net defe<span class=\"_ _7\"></span>rred t<span class=\"_ _7\"></span>ax li<span class=\"_ _7\"></span>abilitie<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xc23 y1e80 w26a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(56.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc24 y1e80 w662 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr></table>Defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets and d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x liabi<span class=\"_ _7\"></span>lities re<span class=\"_ _7\"></span>lating to the sa<span class=\"_ _7\"></span>me ta<span class=\"_ _7\"></span>x autho<span class=\"_ _7\"></span>rit<span class=\"_ _7\"></span>y are pre<span class=\"_ _7\"></span>sented net i<span class=\"_ _7\"></span>n the Group\u2019<span class=\"_ _9\"></span>s balanc<span class=\"_ _7\"></span>e she<span class=\"_ _7\"></span>et<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Net defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x a<span class=\"_ _7\"></span>ssets<span class=\"_ _304\"> </span>Net de<span class=\"_ _7\"></span>ferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x ass<span class=\"_ _7\"></span>ets At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cembe<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span><table class=\"s w664 hd9\" id=\"_1934537e-60e2-459a-ad51-77fb0df31052\"><tr><td></td><td></td><td class=\"t m0 xc25 h43 y21ad ff64 fs28 fc2 sc0 lsed ws17b\">Income<span class=\"_ _304\"> </span></td><td class=\"t m0 xc26 h43 y21ad ff64 fs28 fc2 sc0 ls7c ws98\">Recognised </td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x7b8 h43 y21ae ff64 fs28 fc2 sc0 ls145 ws24d\">statement<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a6 h43 y21ae ff64 fs28 fc2 sc0 ls131 ws1b8\">in other<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xc27 h44 y21af ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td><td class=\"t m0 x744 h43 y21af ff64 fs28 fc2 sc0 lse6 ws12d\">(charge)<span class=\"_ _304\"> </span></td><td class=\"t m0 xc28 h43 y21af ff64 fs28 fc2 sc0 lse6 ws12d\">comprehensive<span class=\"_ _304\"> </span></td><td class=\"t m0 x9a3 h43 y21af ff64 fs28 fc2 sc0 ls8 ws4\">Fo<span class=\"_ _7\"></span>re<span class=\"_ _7\"></span>ig<span class=\"_ _7\"></span>n </td><td></td></tr><tr><td></td><td class=\"t m0 x7b7 h44 y21b0 ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td><td class=\"t m0 x362 h43 y21b0 ff64 fs28 fc2 sc0 ls179 ws24e\">/cr<span class=\"_ _7\"></span>e<span class=\"_ _7\"></span>di<span class=\"_ _7\"></span>t<span class=\"_ _304\"> </span></td><td class=\"t m0 xc29 h43 y21b0 ff64 fs28 fc2 sc0 ls117 ws246\">income/equity<span class=\"_ _304\"> </span></td><td class=\"t m0 x41c h43 y21b0 ff64 fs28 fc2 sc0 lse6 ws12d\">exchange<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h43 y21b0 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x41e h44 y21b1 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x41f h43 y21b1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x420 h43 y21b1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h43 y21b1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y21b1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y21b2 w665 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Deferred compensat<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2a y21b2 w666 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2b y21b2 wea h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2c y21b2 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2d y21b2 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x4c8 y21b2 w43b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">3.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b3 w667 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">Under<span class=\"_ _7\"></span>writing*<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2e y21b3 wd4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xc2f y21b3 w424 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc30 y21b3 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc31 y21b3 w424 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc03 y21b3 wf0 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b4 w668 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Financial assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc32 y21b4 w32f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _c\"> </span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xc33 y21b4 w669 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">(5.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc34 y21b4 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x338 y21b4 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x339 y21b4 w3fe h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b5 w66a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>angible assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc35 y21b5 w66b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">(5.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc36 y21b5 w42a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(2.<span class=\"_ _7\"></span>4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc30 y21b5 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc37 y21b5 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc38 y21b5 w2e6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>4<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b6 w66c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws19\">Loss<span class=\"_ _7\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n xc39 y21b6 w33e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">28.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3a y21b6 w66d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3b y21b6 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3c y21b6 wed h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3d y21b6 w65e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">3<span class=\"_ _7\"></span>0.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e5f w656 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3d ws46\">Bermuda ET<span class=\"_ _a\"></span>A<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3e y1e5f w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3f y1e5f w4a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">15<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xc40 y1e5f w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc41 y1e5f w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc42 y1e5f w65 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">15<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e60 w64e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws19\">Oth<span class=\"_ _7\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xc43 y1e60 w66e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xc44 y1e60 w41a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x7ec y1e60 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc45 y1e60 w420 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x73c y1e60 w2e7 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">4.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b7 w66f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc46 y21b7 w670 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">38.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc47 y21b7 w35 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">1<span class=\"_ _9\"></span>46.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3b y21b7 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc48 y21b7 w424 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc49 y21b7 w671 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa4 wsbf\">18<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b8 w672 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">Pension<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4a y21b8 w110 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">0.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4b y21b8 w673 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls12a ws1ee\">(<span class=\"_ _7\"></span>11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>8<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4c y21b8 w4f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4d y21b8 w2f2 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(0<span class=\"_ _7\"></span>.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4e y21b8 w21a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21b9 w665 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Deferred compensat<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span></div></td><td class=\"c n xc4f y21b9 w1df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xc50 y21b9 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc51 y21b9 w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x886 y21b9 wea h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xc52 y21b9 w262 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21ba w667 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c wsbb\">Under<span class=\"_ _7\"></span>writing*<span class=\"_ _304\"> </span></div></td><td class=\"c n xc53 y21ba w674 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>.7<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc54 y21ba w2df h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(3<span class=\"_ _7\"></span>3.6)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc3b y21ba w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xb48 y21ba w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc55 y21ba w2b8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _8\"></span>7.<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2108 w675 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Intangible asset<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xc56 y2108 w676 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(<span class=\"_ _7\"></span>10.<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc57 y2108 w505 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _8\"></span>3<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc58 y2108 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc59 y2108 w3ac h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">(<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5a y2108 w677 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(1<span class=\"_ _a\"></span>4.6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21bb w668 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Financial assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5b y21bb w666 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5c y21bb w3f3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(6.0)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5d y21bb w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5e y21bb w678 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>0<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc5f y21bb w3f9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>2.6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21bc w66a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">T<span class=\"_ _a\"></span>angible assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc60 y21bc wd4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _8\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xc61 y21bc w423 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">(<span class=\"_ _7\"></span>3.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n x470 y21bc w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x471 y21bc w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc62 y21bc w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21bd w66c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls18 ws19\">Loss<span class=\"_ _7\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n xc63 y21bd w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc64 y21bd w679 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls94 wsa9\">6.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xc65 y21bd w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n x8cd y21bd w179 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.5<span class=\"_ _304\"> </span></div></td><td class=\"c n x897 y21bd wa3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _2c\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21be w67a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">O<span class=\"_ _7\"></span>th<span class=\"_ _7\"></span>er<span class=\"_ _304\"> </span></div></td><td class=\"c n xc66 y21be w67b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">1.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n x309 y21be w3ef h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc67 y21be w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc68 y21be w437 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">0<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xc69 y21be w68 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">0.5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21bf w67c h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>ot<span class=\"_ _7\"></span>al defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x lia<span class=\"_ _7\"></span>bilities<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6a y21bf w67d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>4<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6b y21bf w67e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(<span class=\"_ _7\"></span>52.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6c y21bf w4f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6d y21bf w67f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6e y21bf w680 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls18 ws19\">(59.0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21c0 w681 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Net tota<span class=\"_ _7\"></span>l deferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc6f y21c0 wa1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _2c\"></span>4<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xc70 y21c0 wa4 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">9<span class=\"_ _7\"></span>4.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xc71 y21c0 w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc72 y21c0 w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc73 y21c0 w426 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>5<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21c1 w682 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Les<span class=\"_ _7\"></span>s ass<span class=\"_ _7\"></span>ets held fo<span class=\"_ _7\"></span>r sale<span class=\"_ _304\"> </span></div></td><td class=\"c n xc74 y21c1 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc57 y21c1 w678 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc75 y21c1 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc76 y21c1 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc77 y21c1 w420 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w683 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Net G<span class=\"_ _7\"></span>roup defe<span class=\"_ _7\"></span>rred t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>sset<span class=\"_ _304\"> </span></div></td><td class=\"c n xc78 y1e80 w684 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _c\"> </span>4<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xc79 y1e80 w17b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">92.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc7a y1e80 w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x986 y1e80 w584 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc7b y1e80 w2d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">123<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr></table>*Re<span class=\"_ _7\"></span>sta<span class=\"_ _7\"></span>ted for th<span class=\"_ _7\"></span>e defe<span class=\"_ _7\"></span>rre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x im<span class=\"_ _7\"></span>pact o<span class=\"_ _7\"></span>f IFRS 1<span class=\"_ _9\"></span>7 ado<span class=\"_ _7\"></span>ptio<span class=\"_ _7\"></span>n.<span class=\"_ _304\"> </span>Moveme<span class=\"_ _7\"></span>nts in defer<span class=\"_ _7\"></span>red an<span class=\"_ _7\"></span>d curre<span class=\"_ _7\"></span>nt ta<span class=\"_ _7\"></span>x relating to ta<span class=\"_ _7\"></span>x de<span class=\"_ _7\"></span>ductio<span class=\"_ _7\"></span>ns aris<span class=\"_ _7\"></span>ing on e<span class=\"_ _7\"></span>mployee s<span class=\"_ _7\"></span>hare option<span class=\"_ _7\"></span>s are reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d in the stateme<span class=\"_ _7\"></span>nt of chan<span class=\"_ _7\"></span>ges in e<span class=\"_ _7\"></span>quit<span class=\"_ _7\"></span>y to the extent that th<span class=\"_ _7\"></span>e movement exce<span class=\"_ _7\"></span>eds the c<span class=\"_ _7\"></span>orres<span class=\"_ _7\"></span>pondi<span class=\"_ _7\"></span>ng charg<span class=\"_ _7\"></span>e to the incom<span class=\"_ _7\"></span>e statement. Moveme<span class=\"_ _7\"></span>nts in defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x rel<span class=\"_ _7\"></span>ating to the empl<span class=\"_ _7\"></span>oyee retireme<span class=\"_ _7\"></span>nt ben<span class=\"_ _7\"></span>efit obli<span class=\"_ _7\"></span>gation are re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in th<span class=\"_ _7\"></span>e statement of<span class=\"ls8 ws4\"> </span>com<span class=\"_ _7\"></span>prehe<span class=\"_ _7\"></span>nsive inc<span class=\"_ _7\"></span>ome to the ex<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>en<span class=\"_ _7\"></span>t that the moveme<span class=\"_ _7\"></span>nt corre<span class=\"_ _7\"></span>spon<span class=\"_ _7\"></span>ds to actuar<span class=\"_ _7\"></span>ial ga<span class=\"_ _7\"></span>ins and lo<span class=\"_ _7\"></span>sse<span class=\"_ _7\"></span>s recog<span class=\"_ _7\"></span>nised i<span class=\"_ _7\"></span>n the stateme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span> <span class=\"_ _7\"></span><span class=\"ls8 ws4\"> </span>of comp<span class=\"_ _7\"></span>rehe<span class=\"_ _7\"></span>nsive inc<span class=\"_ _7\"></span>ome. The total exp<span class=\"_ _7\"></span>ense re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised ou<span class=\"_ _7\"></span>tside the i<span class=\"_ _7\"></span>ncome s<span class=\"_ _7\"></span>tatement is $<span class=\"_ _7\"></span>0.<span class=\"_ _9\"></span>4 mill<span class=\"_ _7\"></span>ion (2022<span class=\"_ _9\"></span>: expens<span class=\"_ _7\"></span>e of<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>$6.5 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>, compr<span class=\"_ _7\"></span>ising $1<span class=\"_ _a\"></span>.3 mil<span class=\"_ _7\"></span>lion defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x i<span class=\"_ _7\"></span>ncome a<span class=\"_ _7\"></span>nd $1<span class=\"_ _a\"></span>.<span class=\"_ _9\"></span>7 million c<span class=\"_ _7\"></span>urre<span class=\"_ _7\"></span>nt ta<span class=\"_ _7\"></span>x expens<span class=\"_ _7\"></span>e (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: $9.4 million d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span>ta<span class=\"_ _7\"></span>x expe<span class=\"_ _7\"></span>nse and $2.9 million c<span class=\"_ _7\"></span>urrent t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>x incom<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>).<span class=\"_ _304\"> </span>Defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets of $37<span class=\"_ _e\"></span>.4 mill<span class=\"_ _7\"></span>ion ($36.3 mil<span class=\"_ _7\"></span>lion excludi<span class=\"_ _7\"></span>ng asse<span class=\"_ _7\"></span>ts held for s<span class=\"_ _7\"></span>ale) (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: 28.<span class=\"_ _9\"></span>4 mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>, relatin<span class=\"_ _7\"></span>g t<span class=\"_ _9\"></span>o lo<span class=\"_ _7\"></span>sses a<span class=\"_ _7\"></span>risi<span class=\"_ _7\"></span>ng in overse<span class=\"_ _7\"></span>as entiti<span class=\"_ _7\"></span>es, whi<span class=\"_ _7\"></span>ch dep<span class=\"_ _7\"></span>end on th<span class=\"_ _7\"></span>e availabi<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y of future ta<span class=\"_ _7\"></span>xa<span class=\"_ _7\"></span>ble profits, have be<span class=\"_ _7\"></span>en rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed. Busin<span class=\"_ _7\"></span>ess p<span class=\"_ _7\"></span>rojectio<span class=\"_ _7\"></span>ns indi<span class=\"_ _7\"></span>cate<span class=\"_ _9\"></span> it is pro<span class=\"_ _7\"></span>bable th<span class=\"_ _7\"></span>at suf<span class=\"_ _7\"></span>fici<span class=\"_ _7\"></span>ent fu<span class=\"_ _7\"></span>ture ta<span class=\"_ _7\"></span>xabl<span class=\"_ _7\"></span>e incom<span class=\"_ _7\"></span>e will be avai<span class=\"_ _7\"></span>lable a<span class=\"_ _7\"></span>gains<span class=\"_ _7\"></span>t which to of<span class=\"_ _7\"></span>fset the<span class=\"_ _7\"></span>se rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets withi<span class=\"_ _7\"></span>n five year<span class=\"_ _7\"></span>s. $2<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.<span class=\"_ _9\"></span>7 milli<span class=\"_ _7\"></span>on (202<span class=\"_ _9\"></span>2: $2<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.<span class=\"_ _9\"></span>7 millio<span class=\"_ _7\"></span>n) o<span class=\"_ _9\"></span>f the ta<span class=\"_ _7\"></span>x l<span class=\"_ _7\"></span>osse<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o wh<span class=\"_ _7\"></span>ich the<span class=\"_ _7\"></span>se asse<span class=\"_ _7\"></span>ts relate will exp<span class=\"_ _7\"></span>ire within ten ye<span class=\"_ _7\"></span>ars; a fur<span class=\"_ _7\"></span>th<span class=\"_ _7\"></span>er $9.<span class=\"_ _9\"></span>7 million (2022<span class=\"_ _9\"></span>: $0.<span class=\"_ _9\"></span>7 milli<span class=\"_ _7\"></span>on) will expire af<span class=\"_ _7\"></span>ter ten ye<span class=\"_ _7\"></span>ars or w<span class=\"_ _7\"></span>ill be avail<span class=\"_ _7\"></span>able in<span class=\"_ _7\"></span>definitel<span class=\"_ _7\"></span>y<span class=\"_ _a\"></span>. T<span class=\"_ _7\"></span>he Grou<span class=\"_ _7\"></span>p has not provi<span class=\"_ _7\"></span>ded for defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>sets totalling $<span class=\"_ _7\"></span>84.<span class=\"_ _9\"></span>8 mil<span class=\"_ _7\"></span>lion (2022<span class=\"_ _9\"></span>: $56.6 million) in rel<span class=\"_ _7\"></span>ation to losse<span class=\"_ _7\"></span>s in overse<span class=\"_ _7\"></span>as co<span class=\"_ _7\"></span>mpani<span class=\"_ _7\"></span>es and u<span class=\"_ _7\"></span>nutilis<span class=\"_ _7\"></span>ed ta<span class=\"_ _7\"></span>x cred<span class=\"_ _7\"></span>its of $4<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>5.5 million (2022<span class=\"_ _9\"></span>: $2<span class=\"_ _9\"></span>79<span class=\"_ _9\"></span>.0 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span> In acc<span class=\"_ _7\"></span>ordanc<span class=\"_ _7\"></span>e with IAS<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>, all d<span class=\"_ _7\"></span>eferre<span class=\"_ _7\"></span>d ta<span class=\"_ _7\"></span>x assets a<span class=\"_ _7\"></span>nd liab<span class=\"_ _7\"></span>ilitie<span class=\"_ _7\"></span>s are cla<span class=\"_ _7\"></span>ssifi<span class=\"_ _7\"></span>ed as no<span class=\"_ _7\"></span>n-cur<span class=\"_ _7\"></span>rent. The am<span class=\"_ _7\"></span>ount of defe<span class=\"_ _7\"></span>rred ta<span class=\"_ _7\"></span>x as<span class=\"_ _7\"></span>set expe<span class=\"_ _7\"></span>cted to be recovere<span class=\"_ _7\"></span>d after m<span class=\"_ _7\"></span>ore than 1<span class=\"_ _9\"></span>2 months is $1<span class=\"_ _a\"></span>23.8<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n (2<span class=\"_ _9\"></span>022:<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>$<span class=\"_ _7\"></span>53.5<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>).<span class=\"_ _304\"> </span>Factors af<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ng ta<span class=\"_ _7\"></span>x cha<span class=\"_ _7\"></span>rges in f<span class=\"_ _7\"></span>uture yea<span class=\"_ _7\"></span>rs<span class=\"_ _304\"> </span>An in<span class=\"_ _7\"></span>creas<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o the U<span class=\"_ _7\"></span>K corp<span class=\"_ _7\"></span>orate ta<span class=\"_ _7\"></span>x rate t<span class=\"_ _9\"></span>o 25<span class=\"_ _a\"></span>% f<span class=\"_ _7\"></span>rom 1 Ap<span class=\"_ _7\"></span>ril 2023 was substa<span class=\"_ _7\"></span>ntively e<span class=\"_ _7\"></span>nacted o<span class=\"_ _7\"></span>n 2<span class=\"_ _a\"></span>4 M<span class=\"_ _7\"></span>ay 202<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>. Thi<span class=\"_ _7\"></span>s will have<span class=\"ls8 ws4\"> </span>a cons<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>ntial ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct on the Co<span class=\"_ _7\"></span>mpany\u2019<span class=\"_ _9\"></span>s futu<span class=\"_ _7\"></span>re ta<span class=\"_ _7\"></span>x charg<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span>, an<span class=\"_ _7\"></span>d defer<span class=\"_ _7\"></span>red ta<span class=\"_ _7\"></span>x lia<span class=\"_ _7\"></span>bilitie<span class=\"_ _7\"></span>s in relati<span class=\"_ _7\"></span>on to the UK have dec<span class=\"_ _7\"></span>rease<span class=\"_ _7\"></span>d by<span class=\"_ _304\"> </span>$<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>.3 million. Th<span class=\"_ _7\"></span>e impac<span class=\"_ _7\"></span>t of these ch<span class=\"_ _7\"></span>ange<span class=\"_ _7\"></span>s in futu<span class=\"_ _7\"></span>re peri<span class=\"_ _7\"></span>ods wil<span class=\"_ _7\"></span>l be dep<span class=\"_ _7\"></span>ende<span class=\"_ _7\"></span>nt on the leve<span class=\"_ _7\"></span>l of ta<span class=\"_ _7\"></span>xable p<span class=\"_ _7\"></span>rofits in those p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>ds.<span class=\"_ _304\"> </span>One h<span class=\"_ _7\"></span>undred a<span class=\"_ _7\"></span>nd thir<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y cou<span class=\"_ _7\"></span>ntries h<span class=\"_ _7\"></span>ave agreed to impl<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt a new globa<span class=\"_ _7\"></span>l minim<span class=\"_ _7\"></span>um ta<span class=\"_ _7\"></span>x (GMT<span class=\"_ _7\"></span>) as \u2018Pill<span class=\"_ _7\"></span>ar T<span class=\"_ _a\"></span>wo\u2019 o<span class=\"_ _9\"></span>f the O<span class=\"_ _7\"></span>ECD <span class=\"ls8 ws4\"> </span>two<span class=\"_ _7\"></span>-Pilla<span class=\"_ _7\"></span>r reform fra<span class=\"_ _7\"></span>mework. T<span class=\"_ _7\"></span>he GM<span class=\"_ _7\"></span>T uses ad<span class=\"_ _7\"></span>justed co<span class=\"_ _7\"></span>nsolid<span class=\"_ _7\"></span>ated accou<span class=\"_ _7\"></span>nting data to cal<span class=\"_ _7\"></span>culate the ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive ta<span class=\"_ _7\"></span>x rate (ETR) p<span class=\"_ _7\"></span>aid on profits by a mu<span class=\"_ _7\"></span>ltination<span class=\"_ _7\"></span>al in eac<span class=\"_ _7\"></span>h juri<span class=\"_ _7\"></span>sdictio<span class=\"_ _7\"></span>n in whic<span class=\"_ _7\"></span>h it ope<span class=\"_ _7\"></span>rates; and then a<span class=\"_ _7\"></span>pplie<span class=\"_ _7\"></span>s a \u2018top-up ta<span class=\"_ _7\"></span>x\u2019 on a<span class=\"_ _7\"></span>ny jurisd<span class=\"_ _7\"></span>iction<span class=\"_ _7\"></span>s where th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> E<span class=\"_ _7\"></span>TR is be<span class=\"_ _7\"></span>low 1<span class=\"_ _a\"></span>5%<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Multiple juris<span class=\"_ _9\"></span>dictions in<span class=\"_ _9\"></span> which the Group<span class=\"_ _9\"></span> operates ha<span class=\"_ _9\"></span>ve sub<span class=\"_ _9\"></span>stantively enact<span class=\"_ _9\"></span>ed such legisla<span class=\"_ _9\"></span>tion (<span class=\"_ _9\"></span>\u2018Pil<span class=\"_ _9\"></span>lar T<span class=\"_ _a\"></span>wo legislat<span class=\"_ _9\"></span>ion<span class=\"_ _9\"></span>\u2019) be<span class=\"_ _9\"></span>fore<span class=\"_ _9\"></span> the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet date. Th<span class=\"_ _7\"></span>e Hiscox Grou<span class=\"_ _7\"></span>p expec<span class=\"_ _7\"></span>ts t<span class=\"_ _9\"></span>o be w<span class=\"_ _7\"></span>ithin the sc<span class=\"_ _7\"></span>ope of the<span class=\"_ _7\"></span>se rul<span class=\"_ _7\"></span>es, by vir<span class=\"_ _7\"></span>tue of the fac<span class=\"_ _7\"></span>t that the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s cons<span class=\"_ _7\"></span>olidated reve<span class=\"_ _7\"></span>nue in at le<span class=\"_ _7\"></span>ast t<span class=\"_ _7\"></span>wo of the four year<span class=\"_ _7\"></span>s prio<span class=\"_ _7\"></span>r t<span class=\"_ _9\"></span>o 202<span class=\"_ _9\"></span>4 exceede<span class=\"_ _7\"></span>d \u20ac750 million.<span class=\"_ _304\"> </span>This legislation<span class=\"_ _9\"></span> brings int<span class=\"_ _9\"></span>o effect the Income<span class=\"_ _9\"></span> Inclusion Rule (<span class=\"_ _9\"></span>IIR) and<span class=\"_ _9\"></span> Qualified Domestic Minimum T<span class=\"_ _20\"></span>op-Up T<span class=\"_ _a\"></span>a<span class=\"_ _7\"></span>x (QDMTT<span class=\"_ _7\"></span>) from <span class=\"ls8 ws4\"> </span>202<span class=\"_ _9\"></span>4 (which are n<span class=\"_ _7\"></span>ot expected to have a materi<span class=\"_ _7\"></span>al impa<span class=\"_ _7\"></span>ct on the Gro<span class=\"_ _7\"></span>up)<span class=\"_ _9\"></span>, and the Und<span class=\"_ _7\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>xed Profits Rul<span class=\"_ _7\"></span>e (UTPR) fro<span class=\"_ _7\"></span>m 202<span class=\"_ _9\"></span>5,<span class=\"_ _9\"></span> mea<span class=\"_ _7\"></span>ning that \u2018<span class=\"_ _7\"></span>top-up ta<span class=\"_ _7\"></span>xes\u2019 on profits in ju<span class=\"_ _7\"></span>risdic<span class=\"_ _7\"></span>tions wh<span class=\"_ _7\"></span>ere the E<span class=\"_ _7\"></span>TR is b<span class=\"_ _7\"></span>elow 1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>% may be payable i<span class=\"_ _7\"></span>n other jur<span class=\"_ _7\"></span>isdicti<span class=\"_ _7\"></span>ons acros<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _7\"></span>up with ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>t from 2025<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>Base<span class=\"_ _7\"></span>d on histor<span class=\"_ _7\"></span>ic trends, the p<span class=\"_ _7\"></span>ropor<span class=\"_ _7\"></span>tion of th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s p<span class=\"_ _7\"></span>rofits expec<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed to be im<span class=\"_ _7\"></span>pacted is bet<span class=\"_ _7\"></span>wee<span class=\"_ _7\"></span>n $0 mill<span class=\"_ _7\"></span>ion to $5 milli<span class=\"_ _7\"></span>on,<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>and th<span class=\"_ _7\"></span>e average ef<span class=\"_ _7\"></span>fec<span class=\"_ _7\"></span>tive rate currentl<span class=\"_ _7\"></span>y appl<span class=\"_ _7\"></span>icab<span class=\"_ _7\"></span>le to those profits is 5% t<span class=\"_ _9\"></span>o 7<span class=\"_ _9\"></span>%.<span class=\"_ _304\"> </span>Severa<span class=\"_ _7\"></span>l other jur<span class=\"_ _7\"></span>isdic<span class=\"_ _7\"></span>tions in wh<span class=\"_ _7\"></span>ich the G<span class=\"_ _7\"></span>roup ope<span class=\"_ _7\"></span>rates have propos<span class=\"_ _7\"></span>ed Pilla<span class=\"_ _7\"></span>r T<span class=\"_ _a\"></span>wo leg<span class=\"_ _7\"></span>islatio<span class=\"_ _7\"></span>n, which woul<span class=\"_ _7\"></span>d imple<span class=\"_ _7\"></span>ment c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>es simi<span class=\"_ _7\"></span>lar to those id<span class=\"_ _7\"></span>entifie<span class=\"_ _7\"></span>d above, but the le<span class=\"_ _7\"></span>gislati<span class=\"_ _7\"></span>on has not yet be<span class=\"_ _7\"></span>en sub<span class=\"_ _7\"></span>stantive<span class=\"_ _7\"></span>ly ena<span class=\"_ _7\"></span>cted at the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet date. Give<span class=\"_ _7\"></span>n that Pilla<span class=\"_ _7\"></span>r T<span class=\"_ _a\"></span>wo leg<span class=\"_ _7\"></span>islation i<span class=\"_ _7\"></span>mple<span class=\"_ _7\"></span>menting b<span class=\"_ _7\"></span>oth IIR and UT<span class=\"_ _7\"></span>PR has alre<span class=\"_ _7\"></span>ady be<span class=\"_ _7\"></span>en sub<span class=\"_ _7\"></span>stantive<span class=\"_ _7\"></span>ly enac<span class=\"_ _7\"></span>ted in vario<span class=\"_ _7\"></span>us jur<span class=\"_ _7\"></span>isdicti<span class=\"_ _7\"></span>ons in wh<span class=\"_ _7\"></span>ich the Gro<span class=\"_ _7\"></span>up ope<span class=\"_ _7\"></span>rates, the Group d<span class=\"_ _7\"></span>oes not exp<span class=\"_ _7\"></span>ect the e<span class=\"_ _7\"></span>nactme<span class=\"_ _7\"></span>nt of Pillar T<span class=\"_ _9\"></span>wo legis<span class=\"_ _7\"></span>lation by thes<span class=\"_ _7\"></span>e juris<span class=\"_ _7\"></span>dictio<span class=\"_ _7\"></span>ns t<span class=\"_ _9\"></span>o have a fu<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>ther addi<span class=\"_ _7\"></span>tional im<span class=\"_ _7\"></span>pact on th<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>otal i<span class=\"_ _7\"></span>ncome t<span class=\"_ _7\"></span>ax to whi<span class=\"_ _7\"></span>ch the Gro<span class=\"_ _7\"></span>up is expos<span class=\"_ _7\"></span>ed. As a res<span class=\"_ _7\"></span>ponse to the Pill<span class=\"_ _7\"></span>ar T<span class=\"_ _a\"></span>wo refor<span class=\"_ _7\"></span>m, Bermu<span class=\"_ _7\"></span>da has intro<span class=\"_ _7\"></span>duce<span class=\"_ _7\"></span>d a corp<span class=\"_ _7\"></span>orate incom<span class=\"_ _7\"></span>e ta<span class=\"_ _7\"></span>x (Ber<span class=\"_ _7\"></span>muda CIT<span class=\"_ _7\"></span>) w<span class=\"_ _7\"></span>hich was s<span class=\"_ _7\"></span>ubsta<span class=\"_ _7\"></span>ntively ena<span class=\"_ _7\"></span>cted at the bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet date; and will a<span class=\"_ _7\"></span>pply at a r<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e of 1<span class=\"_ _9\"></span>5<span class=\"_ _9\"></span>% t<span class=\"_ _9\"></span>o profits of ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain B<span class=\"_ _7\"></span>ermu<span class=\"_ _7\"></span>da cons<span class=\"_ _7\"></span>tituent e<span class=\"_ _7\"></span>ntities w<span class=\"_ _7\"></span>ith ef<span class=\"_ _7\"></span>fect <span class=\"ls8 ws4\"> </span>from 1 Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y 2025. The Grou<span class=\"_ _7\"></span>p expec<span class=\"_ _7\"></span>ts t<span class=\"_ _9\"></span>o be su<span class=\"_ _7\"></span>bject to Be<span class=\"_ _7\"></span>rmud<span class=\"_ _7\"></span>a CIT<span class=\"_ _a\"></span>. The p<span class=\"_ _7\"></span>ropor<span class=\"_ _7\"></span>tion of the G<span class=\"_ _7\"></span>roup\u2019<span class=\"_ _a\"></span>s profi<span class=\"_ _7\"></span>ts arisi<span class=\"_ _7\"></span>ng in Be<span class=\"_ _7\"></span>rmuda <span class=\"ls8 ws4\"> </span>is the<span class=\"_ _7\"></span>refore not expec<span class=\"_ _7\"></span>ted t<span class=\"_ _9\"></span>o be s<span class=\"_ _7\"></span>ubjec<span class=\"_ _7\"></span>t to Pillar T<span class=\"_ _a\"></span>wo top-up t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>nd is not inc<span class=\"_ _7\"></span>lude<span class=\"_ _7\"></span>d in the esti<span class=\"_ _7\"></span>mated impac<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>The B<span class=\"_ _7\"></span>erm<span class=\"_ _7\"></span>uda CIT w<span class=\"_ _7\"></span>ill app<span class=\"_ _7\"></span>ly at a rate of 1<span class=\"_ _a\"></span>5<span class=\"_ _9\"></span>% on th<span class=\"_ _7\"></span>e profits of Hiscox\u2019<span class=\"_ _9\"></span>s Berm<span class=\"_ _7\"></span>udia<span class=\"_ _7\"></span>n constitu<span class=\"_ _7\"></span>ent enti<span class=\"_ _7\"></span>ties. Th<span class=\"_ _7\"></span>is will have a cons<span class=\"_ _7\"></span>eque<span class=\"_ _7\"></span>ntial ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct on the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s future t<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>x charge. A de<span class=\"_ _7\"></span>ferred t<span class=\"_ _7\"></span>ax a<span class=\"_ _7\"></span>sset of $1<span class=\"_ _a\"></span>50.0 million i<span class=\"_ _7\"></span>n relation to the e<span class=\"_ _7\"></span>conom<span class=\"_ _7\"></span>ic trans<span class=\"_ _7\"></span>ition adju<span class=\"_ _7\"></span>stment (E<span class=\"_ _7\"></span>T<span class=\"_ _a\"></span>A<span class=\"_ _7\"></span>) require<span class=\"_ _7\"></span>d by this leg<span class=\"_ _7\"></span>islation h<span class=\"_ _7\"></span>as bee<span class=\"_ _7\"></span>n reco<span class=\"_ _7\"></span>gnise<span class=\"_ _7\"></span>d at the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet date. On fir<span class=\"_ _7\"></span>st enteri<span class=\"_ _7\"></span>ng the sco<span class=\"_ _7\"></span>pe of Ber<span class=\"_ _7\"></span>muda C<span class=\"_ _7\"></span>IT<span class=\"_ _a\"></span>, the ET<span class=\"_ _9\"></span>A requi<span class=\"_ _7\"></span>res eac<span class=\"_ _7\"></span>h in scop<span class=\"_ _7\"></span>e entit<span class=\"_ _7\"></span>y to estimate the fair va<span class=\"_ _7\"></span>lue of the as<span class=\"_ _7\"></span>sets and li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ties he<span class=\"_ _7\"></span>ld by the Ber<span class=\"_ _7\"></span>mudi<span class=\"_ _7\"></span>an busi<span class=\"_ _7\"></span>nes<span class=\"_ _7\"></span>s at 30 Septemb<span class=\"_ _7\"></span>er 2023 and use thi<span class=\"_ _7\"></span>s in plac<span class=\"_ _7\"></span>e of book valu<span class=\"_ _7\"></span>e for ta<span class=\"_ _7\"></span>x pur<span class=\"_ _7\"></span>pose<span class=\"_ _7\"></span>s, creating temp<span class=\"_ _7\"></span>orar<span class=\"_ _7\"></span>y di<span class=\"_ _7\"></span>f<span class=\"_ _7\"></span>ferenc<span class=\"_ _7\"></span>es. Th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>pri<span class=\"_ _7\"></span>ncipal d<span class=\"_ _7\"></span>river of th<span class=\"_ _7\"></span>is tempora<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y dif<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>nce is the c<span class=\"_ _7\"></span>ustomer re<span class=\"_ _7\"></span>lationsh<span class=\"_ _7\"></span>ips inta<span class=\"_ _7\"></span>ngibl<span class=\"_ _7\"></span>e asset w<span class=\"_ _7\"></span>hich is s<span class=\"_ _7\"></span>ubjec<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o si<span class=\"_ _7\"></span>gnific<span class=\"_ _7\"></span>ant <span class=\"ls8 ws4\"> </span>judg<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt and es<span class=\"_ _7\"></span>timates, inclu<span class=\"_ _7\"></span>ding fore<span class=\"_ _7\"></span>cast c<span class=\"_ _7\"></span>ashflows, the di<span class=\"_ _7\"></span>scount r<span class=\"_ _7\"></span>ate and cap<span class=\"_ _7\"></span>ital al<span class=\"_ _7\"></span>locatio<span class=\"_ _7\"></span>n charg<span class=\"_ _7\"></span>es. The i<span class=\"_ _7\"></span>mpact of <span class=\"ls8 ws4\"> </span>thes<span class=\"_ _7\"></span>e chan<span class=\"_ _7\"></span>ges on th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s E<span class=\"_ _7\"></span>TR in f<span class=\"_ _7\"></span>uture pe<span class=\"_ _7\"></span>rio<span class=\"_ _7\"></span>ds will b<span class=\"_ _7\"></span>e depe<span class=\"_ _7\"></span>ndent o<span class=\"_ _7\"></span>n the level of ta<span class=\"_ _7\"></span>xa<span class=\"_ _7\"></span>ble profits in th<span class=\"_ _7\"></span>ose per<span class=\"_ _7\"></span>iods fo<span class=\"_ _7\"></span>r<span class=\"_ _9\"></span><span class=\"ls8 ws4\"> </span>the Gro<span class=\"_ _9\"></span>up<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s Bermuda const<span class=\"_ _9\"></span>ituent ent<span class=\"_ _9\"></span>ities.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-404": {
   "value": "<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls39 ws43 gse56\">24 Emplo<span class=\"_ _9\"></span>yee retirement benefit obligations<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gse57\">The Company<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s subsidiary Hiscox<span class=\"_ _9\"></span> plc operat<span class=\"_ _9\"></span>es a defined benefit pension<span class=\"_ _9\"></span> scheme based on final pensionable salary<span class=\"_ _9\"></span>. The scheme<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse58\">clos<span class=\"_ _7\"></span>ed to future ac<span class=\"_ _7\"></span>crua<span class=\"_ _7\"></span>ls with ef<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>ct from 31<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dece<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2006 a<span class=\"_ _7\"></span>nd active m<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>rs were of<span class=\"_ _7\"></span>fere<span class=\"_ _7\"></span>d memb<span class=\"_ _7\"></span>ers<span class=\"_ _7\"></span>hip of a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>defin<span class=\"_ _7\"></span>ed </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse59\">contr<span class=\"_ _7\"></span>ibutio<span class=\"_ _7\"></span>n sche<span class=\"_ _7\"></span>me from 1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y<span class=\"_ gs2e8\"> </span><span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>0<span class=\"_ _7\"></span>0<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>. T<span class=\"_ _7\"></span>he fund<span class=\"_ _7\"></span>s of the define<span class=\"_ _7\"></span>d ben<span class=\"_ _7\"></span>efit sch<span class=\"_ _7\"></span>eme are c<span class=\"_ _7\"></span>ontrolle<span class=\"_ _7\"></span>d by the trustee a<span class=\"_ _7\"></span>nd are he<span class=\"_ _7\"></span>ld </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse5a\">sep<span class=\"_ _7\"></span>arately fro<span class=\"_ _7\"></span>m those of the G<span class=\"_ _7\"></span>roup. 6<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>% of any sche<span class=\"_ _7\"></span>me surp<span class=\"_ _7\"></span>lus or d<span class=\"_ _7\"></span>eficit is re<span class=\"_ _7\"></span>charg<span class=\"_ _7\"></span>ed to Synd<span class=\"_ _7\"></span>icate 33. The f<span class=\"_ _7\"></span>ull pen<span class=\"_ _7\"></span>sion ob<span class=\"_ _7\"></span>ligatio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse5b\">of the Hisc<span class=\"_ _7\"></span>ox defined b<span class=\"_ _7\"></span>enefi<span class=\"_ _7\"></span>t pensi<span class=\"_ _7\"></span>on sch<span class=\"_ _7\"></span>eme is re<span class=\"_ _7\"></span>corde<span class=\"_ _7\"></span>d and the re<span class=\"_ _7\"></span>cover<span class=\"_ _7\"></span>y from the th<span class=\"_ _7\"></span>ird-par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y Nam<span class=\"_ _7\"></span>es for the<span class=\"_ _7\"></span>ir share of th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse5c\">Syn<span class=\"_ _7\"></span>dicate<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>33 re<span class=\"_ _7\"></span>charg<span class=\"_ _7\"></span>e is shown a<span class=\"_ _7\"></span>s a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>sepa<span class=\"_ _7\"></span>rate asset. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse5d\">The g<span class=\"_ _7\"></span>ross am<span class=\"_ _7\"></span>ount rec<span class=\"_ _7\"></span>ognis<span class=\"_ _7\"></span>ed in the G<span class=\"_ _7\"></span>roup bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet in re<span class=\"_ _7\"></span>spec<span class=\"_ _7\"></span>t of the define<span class=\"_ _7\"></span>d ben<span class=\"_ _7\"></span>efit sch<span class=\"_ _7\"></span>eme is d<span class=\"_ _7\"></span>et<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>d as follows:<span class=\"_ _304\"> </span></div><div class=\"gse5e\"><table class=\"s w685 ha3\" id=\"_e3468625-8572-4dec-a2db-f254a9165921\"><tr><td></td><td class=\"t m0 x26c h43 y21c2 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y21c2 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y2191 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y2191 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f86 w686 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Prese<span class=\"_ _7\"></span>nt value of sc<span class=\"_ _7\"></span>heme o<span class=\"_ _7\"></span>bligati<span class=\"_ _7\"></span>ons<span class=\"_ _304\"> </span></div></td><td class=\"c n xc7c y1f86 w687 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">236.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xc7d y1f86 w2a1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">213<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w688 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Fair valu<span class=\"_ _7\"></span>e of schem<span class=\"_ _7\"></span>e assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc7e y1ed8 w295 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">(280.6)</div></td><td class=\"c n xc7f y1ed8 w689 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">(23<span class=\"_ _7\"></span>4.8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w68a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls7c ws89\">Net amount recognised as a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>defined benefi<span class=\"_ _7\"></span>t surplus<span class=\"_ _304\"> </span></div></td><td class=\"c n xc80 y1e80 w5c0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(<span class=\"_ _9\"></span>44.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc81 y1e80 w126 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(20.9)<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse5f\">As the fa<span class=\"_ _7\"></span>ir value of the s<span class=\"_ _7\"></span>chem<span class=\"_ _7\"></span>e assets exce<span class=\"_ _7\"></span>eds the pre<span class=\"_ _7\"></span>sent va<span class=\"_ _7\"></span>lue of sche<span class=\"_ _7\"></span>me obl<span class=\"_ _7\"></span>igations, th<span class=\"_ _7\"></span>e sche<span class=\"_ _7\"></span>me repor<span class=\"_ _7\"></span>ts a s<span class=\"_ _7\"></span>urplu<span class=\"_ _7\"></span>s <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse60\">(202<span class=\"_ _9\"></span>2: repor<span class=\"_ _7\"></span>ts a sur<span class=\"_ _7\"></span>plus)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gse61\">The defined benefit obliga<span class=\"_ _9\"></span>tion is calcula<span class=\"_ _9\"></span>ted annually<span class=\"_ _9\"></span> by independent act<span class=\"_ _9\"></span>uaries using the pr<span class=\"_ _9\"></span>ojected unit<span class=\"_ _9\"></span> credit actuarial cost<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse62\">method. A for<span class=\"_ _7\"></span>mal fu<span class=\"_ _7\"></span>ll actua<span class=\"_ _7\"></span>rial va<span class=\"_ _7\"></span>luation i<span class=\"_ _7\"></span>s per<span class=\"_ _7\"></span>form<span class=\"_ _7\"></span>ed on a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>tr<span class=\"_ _7\"></span>ienn<span class=\"_ _7\"></span>ial bas<span class=\"_ _7\"></span>is, most rec<span class=\"_ _7\"></span>ently at 31<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dece<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2020<span class=\"_ _9\"></span>, and u<span class=\"_ _7\"></span>pdated at </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse63\">eac<span class=\"_ _7\"></span>h inter<span class=\"_ _7\"></span>vening b<span class=\"_ _7\"></span>alan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et date by the actuar<span class=\"_ _7\"></span>ies. T<span class=\"_ _7\"></span>he year<span class=\"_ _9\"></span>-e<span class=\"_ _7\"></span>nd prese<span class=\"_ _7\"></span>nt value of the d<span class=\"_ _7\"></span>efined b<span class=\"_ _7\"></span>enefi<span class=\"_ _7\"></span>t oblig<span class=\"_ _7\"></span>ation und<span class=\"_ _7\"></span>er IAS 1<span class=\"_ _9\"></span>9 is </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse64\">determ<span class=\"_ _7\"></span>ined by dis<span class=\"_ _7\"></span>countin<span class=\"_ _7\"></span>g the estim<span class=\"_ _7\"></span>ated future c<span class=\"_ _7\"></span>ash flows, us<span class=\"_ _7\"></span>ing interest r<span class=\"_ _7\"></span>ates of A<span class=\"_ _7\"></span>A-rated corp<span class=\"_ _7\"></span>orate bonds th<span class=\"_ _7\"></span>at have t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>ms to<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse65\">matur<span class=\"_ _7\"></span>ity th<span class=\"_ _7\"></span>at approxim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e to the terms of the re<span class=\"_ _7\"></span>lated pe<span class=\"_ _7\"></span>nsion li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ty<span class=\"_ _9\"></span>, and is not im<span class=\"_ _7\"></span>pacted dire<span class=\"_ _7\"></span>ctly by the tri<span class=\"_ _7\"></span>enni<span class=\"_ _7\"></span>al valuati<span class=\"_ _7\"></span>on.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse66\">The s<span class=\"_ _7\"></span>chem<span class=\"_ _7\"></span>e assets a<span class=\"_ _7\"></span>re invested as fol<span class=\"_ _7\"></span>lows<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gse67\">At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cembe<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div><div class=\"gse68\"><table class=\"s w45f hda\" id=\"_adf37f68-6ec7-40eb-836f-603e913add68\"><tr><td></td><td class=\"t m0 x26c h43 y21c3 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y21c3 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y21c4 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h44 y21c4 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y21c5 ff5f fs7 fc2 sc0 ls85 ws84\">Inve<span class=\"_ _7\"></span>stme<span class=\"_ _7\"></span>nt as<span class=\"_ _7\"></span>sets<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y21c6 w68b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Pooled in<span class=\"_ _9\"></span>vestment v<span class=\"_ _9\"></span>ehicles<span class=\"_ _304\"> </span></div></td><td class=\"c n x737 y21c6 w5d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">55.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xc82 y21c6 wad h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">8<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x861 y2015 w68c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws24f\">Equities<span class=\"_ _304\"> </span></div></td><td class=\"c n x340 y2015 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc83 y2015 w21e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x861 y2016 w68d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws250\">Bonds<span class=\"_ _304\"> </span></div></td><td class=\"c n xc84 y2016 w361 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xc85 y2016 w68e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _8\"></span>2<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y1f86 w68f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">As<span class=\"_ _7\"></span>sets hel<span class=\"_ _7\"></span>d by insuran<span class=\"_ _7\"></span>ce com<span class=\"_ _7\"></span>pany<span class=\"_ _304\"> </span></div></td><td class=\"c n x49e y1f86 w3fe h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xc86 y1f86 w441 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x861 y1e8e w690 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls89 ws251\">Cash<span class=\"_ _304\"> </span></div></td><td class=\"c n xc87 y1e8e w691 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xc88 y1e8e w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">2.6<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n x86c y1e80 w19d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">28<span class=\"_ _7\"></span>0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xc89 y1e80 w255 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">23<span class=\"_ _7\"></span>4.8<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse69\">The a<span class=\"_ _7\"></span>mounts re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in total co<span class=\"_ _7\"></span>mpreh<span class=\"_ _7\"></span>ensi<span class=\"_ _7\"></span>ve incom<span class=\"_ _7\"></span>e are as follows:<span class=\"_ _304\"> </span></div><div class=\"t m0 h25 ff64 fs7 fc2 sc0 ls38 ws41 gse6a\">For the year e<span class=\"_ _7\"></span>nded 31 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div><div class=\"gse6b\"><table class=\"s w692 hdb\" id=\"_f4924e31-807b-45ee-8147-fd2db8b9ff69\"><tr><td></td><td class=\"t m0 x26c h43 y21c7 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y21c7 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y21c8 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x6ff h44 y21c8 ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y21c9 w693 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Past se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice c<span class=\"_ _7\"></span>ost<span class=\"_ _304\"> </span></div></td><td class=\"c n xc8a y21c9 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc8b y21c9 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21ca w694 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Int<span class=\"_ _9\"></span>erest cost on<span class=\"_ _9\"></span> defined benefit obligat<span class=\"_ _9\"></span>ion<span class=\"_ _304\"> </span></div></td><td class=\"c n xc8c y21ca wab h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xc8d y21ca w440 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">6.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21cb w695 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Interest i<span class=\"_ _7\"></span>ncome o<span class=\"_ _7\"></span>n plan a<span class=\"_ _7\"></span>ssets<span class=\"_ _304\"> </span></div></td><td class=\"c n xc8e y21cb w112 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc8f y21cb w696 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls78 ws122\">(6.0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21cc w697 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net intere<span class=\"_ _7\"></span>st (inc<span class=\"_ _7\"></span>ome)/<span class=\"_ _9\"></span>cost<span class=\"_ _304\"> </span></div></td><td class=\"c n xc90 y21cc w67f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc91 y21cc w440 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">0.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21cd w698 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Admin<span class=\"_ _7\"></span>istrative expe<span class=\"_ _7\"></span>nses a<span class=\"_ _7\"></span>nd ta<span class=\"_ _7\"></span>xes<span class=\"_ _304\"> </span></div></td><td class=\"c n x338 y21cd w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc92 y21cd w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21ce w699 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">T<span class=\"_ _a\"></span>otal (<span class=\"_ _7\"></span>incom<span class=\"_ _7\"></span>e)/<span class=\"_ _a\"></span>ex<span class=\"_ _7\"></span>pense re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in o<span class=\"_ _7\"></span>perati<span class=\"_ _7\"></span>onal exp<span class=\"_ _7\"></span>ense<span class=\"_ _7\"></span>s in the inc<span class=\"_ _7\"></span>ome stateme<span class=\"_ _7\"></span>nt<span class=\"_ _304\"> </span></div></td><td class=\"c n xc93 y21ce w67f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc94 y21ce w440 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">0.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y21cf ff5f fs7 fc2 sc0 ls21 ws26\">Remeasu<span class=\"_ _9\"></span>rement<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y2054 w69a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Effect of changes in a<span class=\"_ _9\"></span>ctuarial assumptions<span class=\"_ _304\"> </span></div></td><td class=\"c n xc95 y2054 w2b6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">6.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xa10 y2054 w365 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y1fa8 w69b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Return on plan<span class=\"_ _9\"></span> assets (<span class=\"_ _9\"></span>ex<span class=\"_ _9\"></span>cluding int<span class=\"_ _9\"></span>erest income<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc96 y1fa8 w4f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _8\"></span>3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc97 y1fa8 w69c h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">10<span class=\"_ _8\"></span>4<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y20b2 w69d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Re<span class=\"_ _7\"></span>meas<span class=\"_ _7\"></span>ureme<span class=\"_ _7\"></span>nt of third-par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y Nam<span class=\"_ _7\"></span>es\u2019 share of defi<span class=\"_ _7\"></span>ned be<span class=\"_ _7\"></span>nefit ob<span class=\"_ _7\"></span>ligatio<span class=\"_ _7\"></span>n<span class=\"_ _304\"> </span></div></td><td class=\"c n xaab y20b2 w215 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls94 wsa9\">(0.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc98 y20b2 w3c7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd3 ws12e\">7.<span class=\"_ _2c\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f09 w69e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">T<span class=\"_ _a\"></span>otal r<span class=\"_ _9\"></span>emeasurement included in o<span class=\"_ _9\"></span>ther comprehensive<span class=\"_ _9\"></span> income<span class=\"_ _304\"> </span></div></td><td class=\"c n xc99 y1f09 wed h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">4<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xc9a y1f09 w30e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">(<span class=\"_ _7\"></span>34.<span class=\"_ _7\"></span>9)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w69f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls7c ws89\">T<span class=\"_ _a\"></span>otal defined benefit charge<span class=\"_ _7\"></span>/<span class=\"_ _9\"></span>(<span class=\"_ _9\"></span>credit) recognise<span class=\"_ _7\"></span>d in<span class=\"_ _9\"></span> compre<span class=\"_ _7\"></span>hensive<span class=\"_ _9\"></span> income<span class=\"_ _304\"> </span></div></td><td class=\"c n xc9b y1e80 w435 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xc9c y1e80 wce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(34.5)<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse6d\">The m<span class=\"_ _7\"></span>ovement in th<span class=\"_ _7\"></span>e (<span class=\"_ _9\"></span>su<span class=\"_ _7\"></span>rplus)/l<span class=\"_ _7\"></span>iabil<span class=\"_ _7\"></span>ity re<span class=\"_ _7\"></span>cogn<span class=\"_ _7\"></span>ised in th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s b<span class=\"_ _7\"></span>alanc<span class=\"_ _7\"></span>e she<span class=\"_ _7\"></span>et is as follows:<span class=\"_ _304\"> </span></div><div class=\"gsc71\"><table class=\"s w6a0 hdc\" id=\"_ddddd776-7c28-4db0-a986-58f6e84db7ac\"><tr><td></td><td class=\"t m0 x1fb h43 y21d0 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y21d0 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y21d1 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y21d1 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y21d2 w6a1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Grou<span class=\"_ _7\"></span>p define<span class=\"_ _7\"></span>d benefi<span class=\"_ _7\"></span>t liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y at begi<span class=\"_ _7\"></span>nning of yea<span class=\"_ _7\"></span>r<span class=\"_ _304\"> </span></div></td><td class=\"c n xc9d y21d2 w5cf h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">(20.9)<span class=\"_ _304\"> </span></div></td><td class=\"c n x577 y21d2 wa1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">3<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21d3 w6a2 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Thi<span class=\"_ _7\"></span>rd-par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y Name<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>\u2019 sh<span class=\"_ _7\"></span>are of liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></div></td><td class=\"c n xc9e y21d3 w108 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4.3<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xc9f y21d3 w538 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">(<span class=\"_ _7\"></span>12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>3<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21d4 w6a3 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net defi<span class=\"_ _7\"></span>ned be<span class=\"_ _7\"></span>nefit li<span class=\"_ _7\"></span>abili<span class=\"_ _7\"></span>ty at b<span class=\"_ _7\"></span>eginn<span class=\"_ _7\"></span>ing of year<span class=\"_ _304\"> </span></div></td><td class=\"c n xca0 y21d4 w3c2 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">(25.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n x913 y21d4 w2f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2<span class=\"_ _7\"></span>2.8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21d5 w6a4 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Defined benefit cost<span class=\"_ _9\"></span> included in net<span class=\"_ _9\"></span> income<span class=\"_ _304\"> </span></div></td><td class=\"c n xca1 y21d5 w67f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _7\"></span>7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xca2 y21d5 w47f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">0.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ecf w6a5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Contribut<span class=\"_ _9\"></span>ion by emplo<span class=\"_ _9\"></span>yer<span class=\"_ _304\"> </span></div></td><td class=\"c n xca3 y1ecf w113 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls15d ws211\">(<span class=\"_ _7\"></span>24.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xca4 y1ecf w5ed h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>3.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed2 w69e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">T<span class=\"_ _a\"></span>otal r<span class=\"_ _9\"></span>emeasurement included in o<span class=\"_ _9\"></span>ther comprehensive<span class=\"_ _9\"></span> income<span class=\"_ _304\"> </span></div></td><td class=\"c n xc99 y1ed2 wed h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">4<span class=\"_ _8\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xc9a y1ed2 w30e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">(<span class=\"_ _7\"></span>34.<span class=\"_ _7\"></span>9)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y207c w6a6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls21 ws99\">Other<span class=\"_ _9\"></span> mov<span class=\"_ _9\"></span>ement<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xca5 y207c w4f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">(1.<span class=\"_ _8\"></span>8<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n x73e y207c w5f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w6a7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Net defi<span class=\"_ _7\"></span>ned be<span class=\"_ _7\"></span>nefit (sur<span class=\"_ _7\"></span>plus)/lia<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y at en<span class=\"_ _7\"></span>d of year<span class=\"_ _304\"> </span></div></td><td class=\"c n xca6 y1f86 w6a8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4<span class=\"_ _7\"></span>9.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xca7 y1f86 w6a9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">(25.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w6a2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Thi<span class=\"_ _7\"></span>rd-par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y Name<span class=\"_ _7\"></span>s<span class=\"_ _9\"></span>\u2019 sh<span class=\"_ _7\"></span>are of liab<span class=\"_ _7\"></span>ilit<span class=\"_ _7\"></span>y<span class=\"_ _304\"> </span></div></td><td class=\"c n xca8 y1e8e w38c h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa6 wsc1\">5.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xca9 y1e8e w3e7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.<span class=\"_ _7\"></span>3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w6aa h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Grou<span class=\"_ _7\"></span>p define<span class=\"_ _7\"></span>d benefi<span class=\"_ _7\"></span>t (surplus)/<span class=\"_ _7\"></span>liabilit<span class=\"_ _7\"></span>y at e<span class=\"_ _7\"></span>nd of year<span class=\"_ _304\"> </span></div></td><td class=\"c n xcaa y1e80 w5c0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">(<span class=\"_ _9\"></span>44.4)<span class=\"_ _304\"> </span></div></td><td class=\"c n xcab y1e80 w126 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">(20.9)<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse6e\">A reco<span class=\"_ _7\"></span>ncili<span class=\"_ _7\"></span>ation of the fair va<span class=\"_ _7\"></span>lue of sch<span class=\"_ _7\"></span>eme as<span class=\"_ _7\"></span>sets is as fol<span class=\"_ _7\"></span>lows<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"gse6f\"><table class=\"s w6ab hdd\" id=\"_230e8735-e4c7-416f-875b-7249bf19403d\"><tr><td></td><td class=\"t m0 x1fb h43 y21d6 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y21d6 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y21d7 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y21d7 ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y21d8 w6ac h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ope<span class=\"_ _7\"></span>ning fa<span class=\"_ _7\"></span>ir value of s<span class=\"_ _7\"></span>chem<span class=\"_ _7\"></span>e assets<span class=\"_ _304\"> </span></div></td><td class=\"c n xcac y21d8 w22 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">23<span class=\"_ _7\"></span>4.8<span class=\"_ _304\"> </span></div></td><td class=\"c n xcad y21d8 w6ad h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8b ws135\">3<span class=\"_ _7\"></span>6<span class=\"_ _7\"></span>9.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21d9 w6ae h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls73 ws48\">Interest income<span class=\"_ _304\"> </span></div></td><td class=\"c n xcae y21d9 w262 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xcaf y21d9 w3d9 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">6<span class=\"_ _7\"></span>.0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y21da ff5f fs7 fc2 sc0 ls89 wsfe\">Cash flows<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y21a1 w6af h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Contribution<span class=\"_ _9\"></span> by the<span class=\"_ _9\"></span> employer<span class=\"_ _304\"> </span></div></td><td class=\"c n xcb0 y21a1 w6b0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls15d ws211\">24<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xcb1 y21a1 w6b1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">13<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y21a2 w6b2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Benefit payments<span class=\"_ _304\"> </span></div></td><td class=\"c n xcb2 y21a2 w6b3 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xcb3 y21a2 w6b4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2072 w6b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ass<span class=\"_ _7\"></span>ets held by ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e compa<span class=\"_ _7\"></span>ny<span class=\"_ _304\"> </span></div></td><td class=\"c n xcb4 y2072 w6f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xcb5 y2072 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">2.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y21db ff5f fs7 fc2 sc0 ls21 ws26\">Remeasu<span class=\"_ _9\"></span>rement<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y1f86 w69b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Return on plan<span class=\"_ _9\"></span> assets (<span class=\"_ _9\"></span>ex<span class=\"_ _9\"></span>cluding int<span class=\"_ _9\"></span>erest income<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xcb6 y1f86 w41a h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">1.<span class=\"_ _8\"></span>3<span class=\"_ _304\"> </span></div></td><td class=\"c n xcb7 y1f86 w6b6 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsef ws13b\">(<span class=\"_ _7\"></span>10<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>.7<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y1ed8 w6b7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign ex<span class=\"_ _9\"></span>change mov<span class=\"_ _9\"></span>ements<span class=\"_ _304\"> </span></div></td><td class=\"c n xcb8 y1ed8 w41d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls155 ws204\">14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xcb9 y1ed8 w58 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(3<span class=\"_ _7\"></span>9.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w6b8 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Clos<span class=\"_ _7\"></span>ing fair value of s<span class=\"_ _7\"></span>chem<span class=\"_ _7\"></span>e asse<span class=\"_ _7\"></span>ts<span class=\"_ _304\"> </span></div></td><td class=\"c n xcba y1e80 w6b9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3a ws130\">28<span class=\"_ _7\"></span>0.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xa46 y1e80 w255 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">23<span class=\"_ _7\"></span>4.8<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse70\">A reco<span class=\"_ _7\"></span>ncili<span class=\"_ _7\"></span>ation of the pre<span class=\"_ _7\"></span>sent valu<span class=\"_ _7\"></span>e of oblig<span class=\"_ _7\"></span>ations of the sch<span class=\"_ _7\"></span>eme is a<span class=\"_ _7\"></span>s follows:<span class=\"_ _304\"> </span></div><div class=\"gse71\"><table class=\"s w6ba hde\" id=\"_07fbbc11-5432-4291-8801-f79d8e1f2f2e\"><tr><td></td><td class=\"t m0 x1fb h43 y21dc ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y21dc ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y21dd ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y21dd ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y219e w6bb h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ope<span class=\"_ _7\"></span>ning p<span class=\"_ _7\"></span>resent va<span class=\"_ _7\"></span>lue of sch<span class=\"_ _7\"></span>eme ob<span class=\"_ _7\"></span>ligation<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d3 y219e w426 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">2<span class=\"_ _7\"></span>13<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d4 y219e w2c2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _c\"> </span>0<span class=\"_ _8\"></span>4<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21d9 w693 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Past se<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>vice c<span class=\"_ _7\"></span>ost<span class=\"_ _304\"> </span></div></td><td class=\"c n xc8a y21d9 w5f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xc8b y21d9 w6f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21a0 w101 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls21 ws99\">Int<span class=\"_ _9\"></span>eres<span class=\"_ _9\"></span>t e<span class=\"_ _9\"></span>xpense<span class=\"_ _304\"> </span></div></td><td class=\"c n xcbb y21a0 w63b h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xcbc y21a0 w6bc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd5 ws103\">6<span class=\"_ _7\"></span>.4<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y21de ff5f fs7 fc2 sc0 ls89 wsfe\">Cash flows<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y21a2 w6b2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Benefit payments<span class=\"_ _304\"> </span></div></td><td class=\"c n xcb2 y21a2 w6b3 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _2c\"></span>7.<span class=\"_ _c\"> </span>8<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xcb3 y21a2 w6b4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">(<span class=\"_ _8\"></span>1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2015 w6b5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Ass<span class=\"_ _7\"></span>ets held by ins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e compa<span class=\"_ _7\"></span>ny<span class=\"_ _304\"> </span></div></td><td class=\"c n xcb4 y2015 w6f h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xcb5 y2015 w38 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">2.6<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x203 he y21df ff5f fs7 fc2 sc0 ls21 ws26\">Remeasu<span class=\"_ _9\"></span>rement<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y1f86 w6bd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Changes in actuarial assumpt<span class=\"_ _9\"></span>ions<span class=\"_ _304\"> </span></div></td><td class=\"c n xcbd y1f86 w3c9 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">6.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xcbe y1f86 w365 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">(<span class=\"_ _7\"></span>14<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>.<span class=\"_ _8\"></span>6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y1ed8 w6b7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Foreign ex<span class=\"_ _9\"></span>change mov<span class=\"_ _9\"></span>ements<span class=\"_ _304\"> </span></div></td><td class=\"c n xcb8 y1ed8 w262 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">12<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xcbf y1ed8 wcd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(40.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w6be h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls38 ws41\">Clos<span class=\"_ _7\"></span>ing pres<span class=\"_ _7\"></span>ent value of s<span class=\"_ _7\"></span>cheme ob<span class=\"_ _7\"></span>ligation<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xcc0 y1e80 w6bf h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">236.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xcc1 y1e80 w2a1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa7 wsc2\">213<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse72\">Ass<span class=\"_ _7\"></span>umptions re<span class=\"_ _7\"></span>gardi<span class=\"_ _7\"></span>ng future m<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>tali<span class=\"_ _7\"></span>ty exp<span class=\"_ _7\"></span>erie<span class=\"_ _7\"></span>nce a<span class=\"_ _7\"></span>re set base<span class=\"_ _7\"></span>d on the S3P<span class=\"_ _9\"></span>A (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>S3P<span class=\"_ _9\"></span>A) light t<span class=\"_ _7\"></span>able<span class=\"_ _7\"></span>s. Reduc<span class=\"_ _7\"></span>tions in f<span class=\"_ _7\"></span>uture </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse73\">mor<span class=\"_ _7\"></span>ta<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y rates are all<span class=\"_ _7\"></span>owed for by using th<span class=\"_ _7\"></span>e CMI 20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>9 (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>20<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>9) proje<span class=\"_ _7\"></span>ctions (core mo<span class=\"_ _7\"></span>del) w<span class=\"_ _7\"></span>ith 1<span class=\"_ _a\"></span>.25<span class=\"_ _9\"></span>% p<span class=\"_ _9\"></span>.a. lon<span class=\"_ _7\"></span>g-t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>m trend <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls85 ws84 gse74\">for i<span class=\"_ _7\"></span>mprove<span class=\"_ _7\"></span>me<span class=\"_ _7\"></span>nts. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse75\">The ave<span class=\"_ _7\"></span>rage life ex<span class=\"_ _7\"></span>pecta<span class=\"_ _7\"></span>ncy in yea<span class=\"_ _7\"></span>rs of a pen<span class=\"_ _7\"></span>sione<span class=\"_ _7\"></span>r retirin<span class=\"_ _7\"></span>g at age 60 on th<span class=\"_ _7\"></span>e bala<span class=\"_ _7\"></span>nce she<span class=\"_ _7\"></span>et date is as foll<span class=\"_ _7\"></span>ows<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"gse76\"><table class=\"s w6c0 had\" id=\"_1e3ea979-d670-4132-9ec1-00882567b2e1\"><tr><td></td><td class=\"c n x73f y21e0 w6c1 h9a\"><div class=\"t m0 x1b6 h44 y1faf ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></div></td><td class=\"c n xcc2 y21e0 w6c2 h9a\"><div class=\"t m0 x1b6 h44 y1faf ff5f fs28 fc2 sc0 lsa1 wsba\">20<span class=\"_ _7\"></span>22<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f61 w6c3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws10a\">Male<span class=\"_ _304\"> </span></div></td><td class=\"c n xcc3 y1f61 w635 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">29.0<span class=\"_ _304\"> </span></div></td><td class=\"c n xcc4 y1f61 w17b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsde ws144\">28<span class=\"_ _7\"></span>.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w6c4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">Female<span class=\"_ _304\"> </span></div></td><td class=\"c n xcc5 y1e80 w215 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls74 ws82\">30.8<span class=\"_ _304\"> </span></div></td><td class=\"c n x791 y1e80 wc2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">30.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse77\">The ave<span class=\"_ _7\"></span>rage life ex<span class=\"_ _7\"></span>pecta<span class=\"_ _7\"></span>ncy in yea<span class=\"_ _7\"></span>rs of a pen<span class=\"_ _7\"></span>sione<span class=\"_ _7\"></span>r retirin<span class=\"_ _7\"></span>g at 60, 1<span class=\"_ _a\"></span>5 yea<span class=\"_ _7\"></span>rs af<span class=\"_ _7\"></span>ter the bal<span class=\"_ _7\"></span>ance s<span class=\"_ _7\"></span>heet date, is as foll<span class=\"_ _7\"></span>ows<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"gse78\"><table class=\"s w6c5 had\" id=\"_f30ff9b6-5869-46c3-9677-00bf67f9a322\"><tr><td></td><td class=\"c n x73f y21e0 w6c1 h9a\"><div class=\"t m0 x1b6 h44 y1faf ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></div></td><td class=\"c n xcc2 y21e0 w6c2 h9a\"><div class=\"t m0 x1b6 h44 y1faf ff5f fs28 fc2 sc0 lsa1 wsba\">20<span class=\"_ _7\"></span>22<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f61 w6c3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls84 ws10a\">Male<span class=\"_ _304\"> </span></div></td><td class=\"c n xcc3 y1f61 w635 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">29.4<span class=\"_ _304\"> </span></div></td><td class=\"c n xcc4 y1f61 w102 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa6 wsc1\">29.3<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w6c4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">Female<span class=\"_ _304\"> </span></div></td><td class=\"c n xcc6 y1e80 w6c6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">31.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td><td class=\"c n xcc7 y1e80 w48b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3a ws130\">3<span class=\"_ _7\"></span>0.9<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse79\">The we<span class=\"_ _7\"></span>ighted averag<span class=\"_ _7\"></span>e duration of th<span class=\"_ _7\"></span>e define<span class=\"_ _7\"></span>d benefi<span class=\"_ _7\"></span>t oblig<span class=\"_ _7\"></span>ation at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023 was 1<span class=\"_ _9\"></span>6.<span class=\"_ _9\"></span>0 yea<span class=\"_ _7\"></span>rs (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>5.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>years)<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gse7b\">Other principal act<span class=\"_ _9\"></span>uarial assumptions<span class=\"_ _9\"></span> are as fol<span class=\"_ _9\"></span>lows<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"gsc71\"><table class=\"s w45f hab\" id=\"_9b6e79c7-04aa-409a-9856-c19f569c42ac\"><tr><td></td><td class=\"t m0 x26c h43 y21e1 ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y21e1 ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 xcc8 h43 y1faa ff64 fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td><td class=\"t m0 xabb h44 y1faa ff5f fs28 fc2 sc0 ls8 ws4\">%<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1f41 w6c7 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Dis<span class=\"_ _7\"></span>count rate<span class=\"_ _304\"> </span></div></td><td class=\"c n xcc9 y1f41 w6c8 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">4.7<span class=\"_ _7\"></span>7<span class=\"_ _304\"> </span></div></td><td class=\"c n x915 y1f41 w4d h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4.9<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f5d w6c9 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Inflatio<span class=\"_ _7\"></span>n assum<span class=\"_ _7\"></span>ption (RPI)<span class=\"_ _304\"> </span></div></td><td class=\"c n xcca y1f5d w230 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.9<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xccb y1f5d w6c h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">3.0<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e7d w6ca h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Inflatio<span class=\"_ _7\"></span>n assum<span class=\"_ _7\"></span>ption (CPI)<span class=\"_ _304\"> </span></div></td><td class=\"c n x4df y1e7d w17b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>39<span class=\"_ _304\"> </span></div></td><td class=\"c n xccc y1e7d w2f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>54<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w6cb h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Pension incr<span class=\"_ _9\"></span>ease<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n x8d1 y1e80 w17b h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.8<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xccd y1e80 w256 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsdf ws121\">2.<span class=\"_ _7\"></span>8<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse7c\">The s<span class=\"_ _7\"></span>chem<span class=\"_ _7\"></span>e oper<span class=\"_ _7\"></span>ates unde<span class=\"_ _7\"></span>r UK T<span class=\"_ _a\"></span>ru<span class=\"_ _7\"></span>st law and th<span class=\"_ _7\"></span>e T<span class=\"_ _a\"></span>rus<span class=\"_ _7\"></span>t is a sepa<span class=\"_ _7\"></span>rate legal e<span class=\"_ _7\"></span>ntit<span class=\"_ _7\"></span>y from the G<span class=\"_ _7\"></span>roup. The sch<span class=\"_ _7\"></span>eme is g<span class=\"_ _7\"></span>overned by a </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse7d\">boa<span class=\"_ _7\"></span>rd of trustees, co<span class=\"_ _7\"></span>mpri<span class=\"_ _7\"></span>sed of mem<span class=\"_ _7\"></span>ber<span class=\"_ _9\"></span>-nomi<span class=\"_ _7\"></span>nated and e<span class=\"_ _7\"></span>mployer<span class=\"_ _9\"></span>-app<span class=\"_ _7\"></span>ointed trus<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ee<span class=\"_ _7\"></span>s. The tr<span class=\"_ _7\"></span>ustees a<span class=\"_ _7\"></span>re require<span class=\"_ _7\"></span>d by law t<span class=\"_ _9\"></span>o act </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse7e\">in the be<span class=\"_ _7\"></span>st interes<span class=\"_ _7\"></span>ts of schem<span class=\"_ _7\"></span>e memb<span class=\"_ _7\"></span>ers a<span class=\"_ _7\"></span>nd are res<span class=\"_ _7\"></span>ponsi<span class=\"_ _7\"></span>ble for set<span class=\"_ _7\"></span>ting ce<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>tain po<span class=\"_ _7\"></span>licie<span class=\"_ _7\"></span>s together w<span class=\"_ _7\"></span>ith the pr<span class=\"_ _7\"></span>incipa<span class=\"_ _7\"></span>l empl<span class=\"_ _7\"></span>oyer<span class=\"_ _a\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse7f\">The s<span class=\"_ _7\"></span>chem<span class=\"_ _7\"></span>e is fun<span class=\"_ _7\"></span>ded by the Gro<span class=\"_ _7\"></span>up whe<span class=\"_ _7\"></span>n require<span class=\"_ _7\"></span>d. F<span class=\"_ _9\"></span>un<span class=\"_ _7\"></span>ding of the sc<span class=\"_ _7\"></span>heme i<span class=\"_ _7\"></span>s based o<span class=\"_ _7\"></span>n a sepa<span class=\"_ _7\"></span>rate actuari<span class=\"_ _7\"></span>al valuati<span class=\"_ _7\"></span>on for fu<span class=\"_ _7\"></span>nding </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse80\">pur<span class=\"_ _7\"></span>pose<span class=\"_ _7\"></span>s for whic<span class=\"_ _7\"></span>h assum<span class=\"_ _7\"></span>ptions may di<span class=\"_ _7\"></span>ffe<span class=\"_ _7\"></span>r from the a<span class=\"_ _7\"></span>ssum<span class=\"_ _7\"></span>ptions above. Funding re<span class=\"_ _7\"></span>quire<span class=\"_ _7\"></span>ments are fo<span class=\"_ _7\"></span>rmal<span class=\"_ _7\"></span>ly set out i<span class=\"_ _7\"></span>n the </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse81\">stateme<span class=\"_ _7\"></span>nt of fundi<span class=\"_ _7\"></span>ng pri<span class=\"_ _7\"></span>nciple<span class=\"_ _7\"></span>s, sche<span class=\"_ _7\"></span>dule of co<span class=\"_ _7\"></span>ntributi<span class=\"_ _7\"></span>ons and re<span class=\"_ _7\"></span>cover<span class=\"_ _7\"></span>y pl<span class=\"_ _7\"></span>an agree<span class=\"_ _7\"></span>d bet<span class=\"_ _7\"></span>ween the tr<span class=\"_ _7\"></span>ustees a<span class=\"_ _7\"></span>nd the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse82\">A trie<span class=\"_ _7\"></span>nnia<span class=\"_ _7\"></span>l valuation wa<span class=\"_ _7\"></span>s car<span class=\"_ _7\"></span>ried o<span class=\"_ _7\"></span>ut as at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mber<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2020 and re<span class=\"_ _7\"></span>sulted i<span class=\"_ _7\"></span>n a deficit p<span class=\"_ _7\"></span>ositio<span class=\"_ _7\"></span>n of \u00a3<span class=\"_ _9\"></span>78.<span class=\"_ _9\"></span>0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mil<span class=\"_ _7\"></span>lion ($1<span class=\"_ _a\"></span>0<span class=\"_ _7\"></span>6.<span class=\"_ _9\"></span>6<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion) <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse83\">on a fu<span class=\"_ _7\"></span>nding ba<span class=\"_ _7\"></span>sis. On 21<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Janua<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2022<span class=\"_ _9\"></span>, the Grou<span class=\"_ _7\"></span>p and the sc<span class=\"_ _7\"></span>heme\u2019<span class=\"_ _9\"></span>s trustee<span class=\"_ _7\"></span>s agree<span class=\"_ _7\"></span>d a recover<span class=\"_ _7\"></span>y pl<span class=\"_ _7\"></span>an to reduce th<span class=\"_ _7\"></span>e defici<span class=\"_ _7\"></span>t and to<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse84\">elim<span class=\"_ _7\"></span>inate the defic<span class=\"_ _7\"></span>it by 202<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>. Und<span class=\"_ _7\"></span>er the rec<span class=\"_ _7\"></span>over<span class=\"_ _7\"></span>y plan, an<span class=\"_ _7\"></span>d taki<span class=\"_ _7\"></span>ng into accou<span class=\"_ _7\"></span>nt the materi<span class=\"_ _7\"></span>al improvem<span class=\"_ _7\"></span>ent in the f<span class=\"_ _7\"></span>undin<span class=\"_ _7\"></span>g positio<span class=\"_ _7\"></span>n </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse85\">sinc<span class=\"_ _7\"></span>e the valuati<span class=\"_ _7\"></span>on date, there are si<span class=\"_ _7\"></span>x payments of \u00a31<span class=\"_ _9\"></span>0<span class=\"_ _9\"></span>.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>milli<span class=\"_ _7\"></span>on ($<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>3.5<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>m<span class=\"_ _7\"></span>illion)<span class=\"_ _9\"></span>, wh<span class=\"_ _7\"></span>ich co<span class=\"_ _7\"></span>mmen<span class=\"_ _7\"></span>ced in Ja<span class=\"_ _7\"></span>nuar<span class=\"_ _7\"></span>y<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2022 an<span class=\"_ _7\"></span>d are </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse86\">paid a<span class=\"_ _7\"></span>nnua<span class=\"_ _7\"></span>lly the<span class=\"_ _7\"></span>reaf<span class=\"_ _7\"></span>ter<span class=\"_ _a\"></span>. Th<span class=\"_ _7\"></span>e fund<span class=\"_ _7\"></span>ing pla<span class=\"_ _7\"></span>n will be rev<span class=\"_ _7\"></span>iewed ag<span class=\"_ _7\"></span>ain follow<span class=\"_ _7\"></span>ing the nex<span class=\"_ _7\"></span>t trie<span class=\"_ _7\"></span>nnia<span class=\"_ _7\"></span>l fund<span class=\"_ _7\"></span>ing valuati<span class=\"_ _7\"></span>on whic<span class=\"_ _7\"></span>h will have an </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse87\">ef<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ve date o<span class=\"_ _9\"></span>f 31<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>D<span class=\"_ _7\"></span>ece<span class=\"_ _7\"></span>mbe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>3, for whi<span class=\"_ _7\"></span>ch the for<span class=\"_ _7\"></span>mal actu<span class=\"_ _7\"></span>aria<span class=\"_ _7\"></span>l valuatio<span class=\"_ _7\"></span>n is ongo<span class=\"_ _7\"></span>ing at the date of this rep<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>t.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse88\">Whi<span class=\"_ _7\"></span>le mana<span class=\"_ _7\"></span>geme<span class=\"_ _7\"></span>nt beli<span class=\"_ _7\"></span>eves that the ac<span class=\"_ _7\"></span>tuari<span class=\"_ _7\"></span>al ass<span class=\"_ _7\"></span>umptions a<span class=\"_ _7\"></span>re approp<span class=\"_ _7\"></span>riate, any signi<span class=\"_ _7\"></span>ficant c<span class=\"_ _7\"></span>hang<span class=\"_ _7\"></span>es to those co<span class=\"_ _7\"></span>uld af<span class=\"_ _7\"></span>fect th<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse89\">bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet an<span class=\"_ _7\"></span>d incom<span class=\"_ _7\"></span>e statement. For exam<span class=\"_ _7\"></span>ple, an addi<span class=\"_ _7\"></span>tional o<span class=\"_ _7\"></span>ne year of li<span class=\"_ _7\"></span>fe expec<span class=\"_ _7\"></span>tancy for a<span class=\"_ _7\"></span>ll sche<span class=\"_ _7\"></span>me me<span class=\"_ _7\"></span>mber<span class=\"_ _7\"></span>s would </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse8a\">incre<span class=\"_ _7\"></span>ase the s<span class=\"_ _7\"></span>chem<span class=\"_ _7\"></span>e oblig<span class=\"_ _7\"></span>ations by \u00a35.<span class=\"_ _9\"></span>4<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mil<span class=\"_ _7\"></span>lion ($6.9<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion) at 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023 (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>\u00a35.<span class=\"_ _20\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>m<span class=\"_ _7\"></span>illion ($<span class=\"_ _7\"></span>6.<span class=\"_ _20\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion))<span class=\"_ _9\"></span>, and <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gse8b\">would<span class=\"_ _9\"></span> increase/<span class=\"_ _9\"></span>reduce the r<span class=\"_ _9\"></span>ecorded net deficit/<span class=\"_ _9\"></span>surplus on t<span class=\"_ _9\"></span>he balance sheet b<span class=\"_ _9\"></span>y the same amoun<span class=\"_ _9\"></span>ts.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse8c\">The m<span class=\"_ _7\"></span>ost se<span class=\"_ _7\"></span>nsitive an<span class=\"_ _7\"></span>d judge<span class=\"_ _7\"></span>ment<span class=\"_ _7\"></span>al finan<span class=\"_ _7\"></span>cial a<span class=\"_ _7\"></span>ssumptio<span class=\"_ _7\"></span>ns are the di<span class=\"_ _7\"></span>scount r<span class=\"_ _7\"></span>ate and inflation. T<span class=\"_ _7\"></span>hese a<span class=\"_ _7\"></span>re consi<span class=\"_ _7\"></span>dered f<span class=\"_ _7\"></span>ur<span class=\"_ _7\"></span>ther b<span class=\"_ _7\"></span>elow<span class=\"_ _9\"></span>. <span class=\"_ _e\"></span><span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse8d\">CPI revaluatio<span class=\"_ _7\"></span>n in defer<span class=\"_ _7\"></span>ment i<span class=\"_ _7\"></span>s used for c<span class=\"_ _7\"></span>ontracted-<span class=\"_ _7\"></span>out me<span class=\"_ _7\"></span>mber<span class=\"_ _7\"></span>s. Contracted-<span class=\"_ _7\"></span>in memb<span class=\"_ _7\"></span>ers a<span class=\"_ _7\"></span>re linked to RPI, as well as for a<span class=\"_ _7\"></span>ll </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3d ws46 gse8e\">pension in<span class=\"_ _9\"></span> payment incr<span class=\"_ _9\"></span>eases.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse8f\">The G<span class=\"_ _7\"></span>roup ha<span class=\"_ _7\"></span>s estimated th<span class=\"_ _7\"></span>e sensi<span class=\"_ _7\"></span>tivit<span class=\"_ _7\"></span>y of the pre<span class=\"_ _7\"></span>sent valu<span class=\"_ _7\"></span>e of unfun<span class=\"_ _7\"></span>ded ob<span class=\"_ _7\"></span>ligation<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o iso<span class=\"_ _7\"></span>lated cha<span class=\"_ _7\"></span>nges i<span class=\"_ _7\"></span>n these a<span class=\"_ _7\"></span>ssumptio<span class=\"_ _7\"></span>ns at </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse90\">3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023 as follows: </div><div class=\"gse91\"><table class=\"s w6cc hdf\" id=\"_a4cc3841-b3ce-4079-a536-98f00dd9c41e\"><tr><td></td><td class=\"t m0 xcce h43 y21e2 ff64 fs28 fc2 sc0 lsf0 ws13c\">Present value<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 xccf h43 y21e2 ff64 fs28 fc2 sc0 lsf0 ws1b9\">(Increase)</td></tr><tr><td></td><td class=\"t m0 xc26 h43 y21e3 ff64 fs28 fc2 sc0 ls7c wsdf\"> of unfunded<span class=\"_ _304\"> </span></td><td class=\"t m0 xcd0 h43 y21e3 ff64 fs28 fc2 sc0 lsf0 ws13c\">Present value<span class=\"_ _304\"> </span></td><td class=\"t m0 xcd1 h43 y21e3 ff64 fs28 fc2 sc0 ls179 ws24e\">/de<span class=\"_ _7\"></span>c<span class=\"_ _7\"></span>re<span class=\"_ _7\"></span>a<span class=\"_ _7\"></span>se</td></tr><tr><td></td><td class=\"t m0 xcd2 h43 y20a1 ff64 fs28 fc2 sc0 lse6 ws138\"> obligations</td><td class=\"t m0 x363 h43 y20a1 ff64 fs28 fc2 sc0 ls7c wsdf\"> of unfunded<span class=\"_ _304\"> </span></td><td class=\"t m0 x87a h43 y20a1 ff64 fs28 fc2 sc0 lse6 ws138\">in obligation<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 xc29 h43 y21e4 ff64 fs28 fc2 sc0 lse6 ws138\">before change</td><td class=\"t m0 x6f3 h43 y21e4 ff64 fs28 fc2 sc0 lse6 ws138\"> obligations<span class=\"_ _304\"> </span></td><td class=\"t m0 x824 h43 y21e4 ff64 fs28 fc2 sc0 lsf0 ws13c\">recognise<span class=\"_ _7\"></span>d on<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 xc29 h43 y21e5 ff64 fs28 fc2 sc0 lse6 ws138\">in assumption<span class=\"_ _304\"> </span></td><td class=\"t m0 x363 h43 y21e5 ff64 fs28 fc2 sc0 lse6 ws138\">after change<span class=\"_ _304\"> </span></td><td class=\"t m0 x824 h43 y21e5 ff64 fs28 fc2 sc0 lse6 ws138\">balance sheet<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x420 h43 y21e6 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b4 h43 y21e6 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b5 h43 y21e6 ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y21e7 ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of a cha<span class=\"_ _7\"></span>nge in d<span class=\"_ _7\"></span>iscou<span class=\"_ _7\"></span>nt rate<span class=\"_ _304\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f73 w6cd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Use of disc<span class=\"_ _7\"></span>ount rate of 5.<span class=\"_ _9\"></span>02%<span class=\"_ _304\"> </span></div></td><td class=\"c n xcd3 y1f73 w6bf h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">23<span class=\"_ _7\"></span>6.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xcd4 y1f73 w458 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">2<span class=\"_ _2c\"></span>2<span class=\"_ _2c\"></span>7.<span class=\"_ _2c\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xcd5 y1f73 w189 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">8<span class=\"_ _7\"></span>.40<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y21e8 w6ce h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Use of disc<span class=\"_ _7\"></span>ount rate of 4.<span class=\"_ _9\"></span>52<span class=\"_ _9\"></span>%<span class=\"_ _304\"> </span></div></td><td class=\"c n xcd6 y21e8 w687 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">236.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xcd7 y21e8 w6cf h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _7\"></span>4<span class=\"_ _2c\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xcd8 y21e8 w6d0 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(8.9<span class=\"_ _7\"></span>0)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y21e9 ff5f fs7 fc2 sc0 ls38 ws41\">Ef<span class=\"_ _7\"></span>fect of a cha<span class=\"_ _7\"></span>nge in in<span class=\"_ _7\"></span>flation<span class=\"_ _304\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b7 y1f61 w6d1 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Use of RPI inflati<span class=\"_ _7\"></span>on assu<span class=\"_ _7\"></span>mption of 3.2<span class=\"_ _9\"></span>4<span class=\"_ _a\"></span>%<span class=\"_ _304\"> </span></div></td><td class=\"c n xcd9 y1f61 w6d2 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">23<span class=\"_ _7\"></span>6.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n x72e y1f61 w22 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls83 ws11d\">23<span class=\"_ _7\"></span>8.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xcda y1f61 w67e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">(2.4<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w6d3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Use of RPI inflati<span class=\"_ _7\"></span>on assu<span class=\"_ _7\"></span>mption of 2<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>7<span class=\"_ _a\"></span>4<span class=\"_ _a\"></span>%<span class=\"_ _304\"> </span></div></td><td class=\"c n x9af y1e80 w687 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">236<span class=\"_ _7\"></span>.2<span class=\"_ _304\"> </span></div></td><td class=\"c n xcdb y1e80 w60d h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">233.9<span class=\"_ _304\"> </span></div></td><td class=\"c n xcdc y1e80 w230 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.3<span class=\"_ _7\"></span>0</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-405": {
   "value": "<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls38 ws41 gse93\">25 Ea<span class=\"_ _7\"></span>rni<span class=\"_ _7\"></span>ngs pe<span class=\"_ _7\"></span>r sha<span class=\"_ _7\"></span>re<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse94\">Bas<span class=\"_ _7\"></span>ic ear<span class=\"_ _7\"></span>nings p<span class=\"_ _7\"></span>er sha<span class=\"_ _7\"></span>re (EPS) is calc<span class=\"_ _7\"></span>ulated by div<span class=\"_ _7\"></span>iding the p<span class=\"_ _7\"></span>rofit or los<span class=\"_ _7\"></span>s attri<span class=\"_ _7\"></span>butab<span class=\"_ _7\"></span>le to equit<span class=\"_ _7\"></span>y hol<span class=\"_ _7\"></span>ders of the C<span class=\"_ _7\"></span>ompa<span class=\"_ _7\"></span>ny by t<span class=\"_ _9\"></span>he </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse95\">weighted aver<span class=\"_ _7\"></span>age num<span class=\"_ _7\"></span>ber of ordi<span class=\"_ _7\"></span>nar<span class=\"_ _7\"></span>y sha<span class=\"_ _7\"></span>res in is<span class=\"_ _7\"></span>sue du<span class=\"_ _7\"></span>ring the p<span class=\"_ _7\"></span>erio<span class=\"_ _7\"></span>d, ex<span class=\"_ _9\"></span>clud<span class=\"_ _7\"></span>ing ordi<span class=\"_ _7\"></span>nar<span class=\"_ _7\"></span>y sha<span class=\"_ _7\"></span>res purc<span class=\"_ _7\"></span>hase<span class=\"_ _7\"></span>d by the Group a<span class=\"_ _7\"></span>nd </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse96\">hel<span class=\"_ _7\"></span>d in treasu<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y as own sha<span class=\"_ _7\"></span>res.<span class=\"_ _304\"> </span></div><div class=\"gse97\"><table class=\"s w36e he0\" id=\"_07c65899-96da-44c7-a1a6-574b60347901\"><tr><td></td><td></td><td></td><td class=\"t m0 x1fc h44 y201b ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x203 he y201c ff5f fs7 fc3 sc0 ls3b ws80\">Basic<span class=\"_ _13e\"> </span><span class=\"ff64 fs28 fc2 ls9f wsb8\">2023<span class=\"_ _304\"> </span></span></td><td></td><td class=\"t m0 x1ff h44 y201c ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td><td></td></tr><tr><td class=\"c n x1b7 y1f5d w6d4 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Profit for the yea<span class=\"_ _7\"></span>r attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble to the owne<span class=\"_ _7\"></span>rs of the Com<span class=\"_ _7\"></span>pany ($m)<span class=\"_ _304\"> </span></div></td><td class=\"c n xcdd y1f5d w41 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">712<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xcde y1f5d w42 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">25<span class=\"_ _7\"></span>3.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1e7d w6d5 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Weighted averag<span class=\"_ _7\"></span>e numbe<span class=\"_ _7\"></span>r of ordina<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y share<span class=\"_ _7\"></span>s in iss<span class=\"_ _7\"></span>ue (thous<span class=\"_ _7\"></span>ands)<span class=\"_ _304\"> </span></div></td><td class=\"c n xcdf y1e7d w6d6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">345<span class=\"_ _9\"></span>,402</div></td><td class=\"c n xce0 y1e7d w6d7 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">3</div></td><td class=\"c n xce1 y1e7d w48a h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">4<span class=\"_ _8\"></span>4<span class=\"_ _2c\"></span>,1<span class=\"_ _7\"></span>3</div></td><td class=\"c n xce2 y1e7d w6d7 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w6d8 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws80\">Basic <span class=\"_ _a\"></span><span class=\"ls39 ws93\">ear<span class=\"_ _7\"></span>nings <span class=\"_ _a\"></span><span class=\"ls38 ws41\">per s<span class=\"_ _7\"></span>hare (cents pe<span class=\"_ _7\"></span>r sha<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></span></span></div></td><td class=\"c n xce3 y1e80 w6d9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">2<span class=\"_ _2c\"></span>0<span class=\"_ _2c\"></span>6<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>\u00a2<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xce4 y1e80 w6da h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsac ws252\">73<span class=\"_ _7\"></span>.8<span class=\"_ _7\"></span> \u00a2<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls7c ws98 gse98\">Diluted<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse99\">Dil<span class=\"_ _7\"></span>uted ear<span class=\"_ _7\"></span>nings p<span class=\"_ _7\"></span>er sha<span class=\"_ _7\"></span>re is cal<span class=\"_ _7\"></span>culated by adju<span class=\"_ _7\"></span>sting for the a<span class=\"_ _7\"></span>ssum<span class=\"_ _7\"></span>ed conver<span class=\"_ _7\"></span>sion of al<span class=\"_ _7\"></span>l diluti<span class=\"_ _7\"></span>ve pot<span class=\"_ _9\"></span>enti<span class=\"_ _7\"></span>al ordin<span class=\"_ _7\"></span>ar<span class=\"_ _7\"></span>y sha<span class=\"_ _7\"></span>res. The </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse9a\">Com<span class=\"_ _7\"></span>pany has o<span class=\"_ _7\"></span>ne categor<span class=\"_ _7\"></span>y of d<span class=\"_ _7\"></span>ilutive potentia<span class=\"_ _7\"></span>l ordina<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y share<span class=\"_ _7\"></span>s: share option<span class=\"_ _7\"></span>s and awards. For the s<span class=\"_ _7\"></span>hare optio<span class=\"_ _7\"></span>ns, a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>calc<span class=\"_ _7\"></span>ulation </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse9b\">is mad<span class=\"_ _7\"></span>e t<span class=\"_ _9\"></span>o deter<span class=\"_ _7\"></span>mine the n<span class=\"_ _7\"></span>umbe<span class=\"_ _7\"></span>r of share<span class=\"_ _7\"></span>s that coul<span class=\"_ _7\"></span>d have been a<span class=\"_ _7\"></span>cquire<span class=\"_ _7\"></span>d at fair valu<span class=\"_ _7\"></span>e (<span class=\"_ _9\"></span>deter<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>d as the averag<span class=\"_ _7\"></span>e annua<span class=\"_ _7\"></span>l mar<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span>et </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse9c\">sha<span class=\"_ _7\"></span>re pric<span class=\"_ _7\"></span>e of the Compa<span class=\"_ _7\"></span>ny\u2019<span class=\"_ _a\"></span>s s<span class=\"_ _7\"></span>hares) bas<span class=\"_ _7\"></span>ed on the m<span class=\"_ _7\"></span>onetar<span class=\"_ _7\"></span>y va<span class=\"_ _7\"></span>lue of the sub<span class=\"_ _7\"></span>scripti<span class=\"_ _7\"></span>on rights at<span class=\"_ _7\"></span>tach<span class=\"_ _7\"></span>ed to outsta<span class=\"_ _7\"></span>nding s<span class=\"_ _7\"></span>hare </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse9d\">options. T<span class=\"_ _7\"></span>he num<span class=\"_ _7\"></span>ber of sha<span class=\"_ _7\"></span>res ca<span class=\"_ _7\"></span>lculated a<span class=\"_ _7\"></span>s above is com<span class=\"_ _7\"></span>pared w<span class=\"_ _7\"></span>ith the num<span class=\"_ _7\"></span>ber of sha<span class=\"_ _7\"></span>res that wou<span class=\"_ _7\"></span>ld have bee<span class=\"_ _7\"></span>n issue<span class=\"_ _7\"></span>d <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gse9e\">ass<span class=\"_ _7\"></span>uming th<span class=\"_ _7\"></span>e ex<span class=\"_ _9\"></span>erc<span class=\"_ _7\"></span>ise of the sha<span class=\"_ _7\"></span>re options.<span class=\"_ _304\"> </span></div><div class=\"gse9f\"><table class=\"s w36e he1\" id=\"_55c62ef2-7526-426b-97dc-ec9827a1a163\"><tr><td></td><td></td><td></td><td class=\"t m0 x1fc h44 y21ea ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x1fb h43 y21eb ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 x1ff h44 y21eb ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td><td></td></tr><tr><td class=\"c n x1b7 y21ec w6d4 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Profit for the yea<span class=\"_ _7\"></span>r attr<span class=\"_ _7\"></span>ibuta<span class=\"_ _7\"></span>ble to the owne<span class=\"_ _7\"></span>rs of the Com<span class=\"_ _7\"></span>pany ($m)<span class=\"_ _304\"> </span></div></td><td class=\"c n xcdd y21ec w41 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lseb ws136\">712<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>0<span class=\"_ _304\"> </span></div></td><td></td><td class=\"c n xcde y21ec w42 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">25<span class=\"_ _7\"></span>3.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b7 y1ed4 w6d5 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Weighted averag<span class=\"_ _7\"></span>e numbe<span class=\"_ _7\"></span>r of ordina<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y share<span class=\"_ _7\"></span>s in iss<span class=\"_ _7\"></span>ue (thous<span class=\"_ _7\"></span>ands)<span class=\"_ _304\"> </span></div></td><td class=\"c n xcdf y1ed4 w6d6 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3b ws80\">345<span class=\"_ _9\"></span>,402</div></td><td class=\"c n xce0 y1ed4 w6d7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">3</div></td><td class=\"c n xce1 y1ed4 w48a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">4<span class=\"_ _8\"></span>4<span class=\"_ _2c\"></span>,1<span class=\"_ _7\"></span>3</div></td><td class=\"c n xce2 y1ed4 w6d7 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2086 w6db h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Adjust<span class=\"_ _9\"></span>ments for<span class=\"_ _9\"></span> share opt<span class=\"_ _9\"></span>ions (t<span class=\"_ _9\"></span>housands)<span class=\"_ _304\"> </span></div></td><td class=\"c n xce5 y2086 w6dc h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsab wsc8\">7,<span class=\"_ _2c\"></span>9<span class=\"_ _2c\"></span>8<span class=\"_ _8\"></span>1<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xce6 y2086 w210 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">4,9<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1ed8 w6dd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Weighted averag<span class=\"_ _7\"></span>e numbe<span class=\"_ _7\"></span>r of ordina<span class=\"_ _7\"></span>r<span class=\"_ _7\"></span>y share<span class=\"_ _7\"></span>s for dilu<span class=\"_ _7\"></span>ted <span class=\"ls39 ws93\">earnings <span class=\"_ _a\"></span><span class=\"ws43\">per share (thousands<span class=\"_ _9\"></span>)<span class=\"_ _304\"> </span></span></span></div></td><td class=\"c n xce7 y1ed8 w4cb h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls3c wsbb\">353,383<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xce8 y1ed8 w6de h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">3<span class=\"_ _7\"></span>4<span class=\"_ _7\"></span>9,03<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w6df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls7c ws98\">Diluted <span class=\"_ _a\"></span><span class=\"ls39 ws93\">ear<span class=\"_ _7\"></span>nings <span class=\"_ _a\"></span><span class=\"ls38 ws41\">pe<span class=\"_ _7\"></span>r share (cents p<span class=\"_ _7\"></span>er sha<span class=\"_ _7\"></span>re)<span class=\"_ _304\"> </span></span></span></div></td><td class=\"c n xce9 y1e80 w6e0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa8 wsc3\">2<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>1.<span class=\"_ _7\"></span>5<span class=\"_ _8\"></span>\u00a2<span class=\"_ _304\"> </span></div></td><td></td><td></td><td class=\"c n xcea y1e80 w673 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls165 ws221\">7<span class=\"_ _8\"></span>2<span class=\"_ _8\"></span>.<span class=\"_ _7\"></span>7\u00a2<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsea0\">Dil<span class=\"_ _7\"></span>uted ear<span class=\"_ _7\"></span>nings p<span class=\"_ _7\"></span>er sha<span class=\"_ _7\"></span>re has be<span class=\"_ _7\"></span>en ca<span class=\"_ _7\"></span>lculated af<span class=\"_ _7\"></span>ter ta<span class=\"_ _7\"></span>kin<span class=\"_ _7\"></span>g accou<span class=\"_ _7\"></span>nt of 5<span class=\"_ _9\"></span>,<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>9<span class=\"_ _7\"></span>0,855 (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>: 3,680,<span class=\"_ _a\"></span>735) per<span class=\"_ _7\"></span>for<span class=\"_ _7\"></span>manc<span class=\"_ _7\"></span>e share p<span class=\"_ _7\"></span>lan </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsea1\">awards, 648,208 (2022<span class=\"_ _9\"></span>: 352<span class=\"_ _9\"></span>,505) options un<span class=\"_ _7\"></span>der Save As Y<span class=\"_ _9\"></span>ou Ear<span class=\"_ _7\"></span>n sche<span class=\"_ _7\"></span>mes an<span class=\"_ _7\"></span>d 2<span class=\"_ _9\"></span>,<span class=\"_ _20\"></span>1<span class=\"_ _9\"></span>4<span class=\"_ _9\"></span>2,2<span class=\"_ _9\"></span>56 (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>: 457<span class=\"_ _20\"></span>,<span class=\"_ _20\"></span>100) emp<span class=\"_ _7\"></span>loyee sha<span class=\"_ _7\"></span>re<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsea2\">awards. Previo<span class=\"_ _7\"></span>usly re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>ted dilu<span class=\"_ _7\"></span>ted EPS was 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2022<span class=\"_ _9\"></span>: 1<span class=\"_ _a\"></span>2.<span class=\"_ _9\"></span>0 ce<span class=\"_ _7\"></span>nts. Compa<span class=\"_ _7\"></span>ratives have be<span class=\"_ _7\"></span>en rest<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed fo<span class=\"_ _7\"></span>r the adoptio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsea3\">of IFRS 1<span class=\"_ _a\"></span>7 an<span class=\"_ _7\"></span>d IFRS 9.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-406": {
   "value": "<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls38 ws41 gsea5\">26 D<span class=\"_ _7\"></span>ivide<span class=\"_ _7\"></span>nds pa<span class=\"_ _7\"></span>id to owner<span class=\"_ _7\"></span>s of th<span class=\"_ _7\"></span>e Compa<span class=\"_ _7\"></span>ny<span class=\"_ _304\"> </span></div><div class=\"gsc82\"><table class=\"s w45f he2\" id=\"_5082f09d-a891-48a6-923e-b6b82c56e6c5\"><tr><td></td><td class=\"t m0 x26c h43 y21ed ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1b1 h44 y21ed ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x1b4 h43 y21ee ff64 fs28 fc2 sc0 lsa0 wsb9\">$m</td><td class=\"t m0 x6ff h44 y21ee ff5f fs28 fc2 sc0 lsa0 ws1e0\"> $m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"t m0 x1bb he y21ef ff5f fs7 fc2 sc0 ls38 ws41\">Fina<span class=\"_ _7\"></span>l divi<span class=\"_ _7\"></span>dend for th<span class=\"_ _7\"></span>e year e<span class=\"_ _7\"></span>nded:<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y21a2 w6e1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2022 of <span><span class=\"gs30c\" id=\"__7\">2 4 .0</span></span>\u00a2 (net) per sha<span class=\"_ _7\"></span>re<span class=\"_ _304\"> </span></div></td><td class=\"c n xceb y21a2 w230 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">82.<span class=\"_ _7\"></span>8<span class=\"_ _304\"> </span></div></td><td class=\"c n xcec y21a2 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y2015 w6e1 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 202<span class=\"_ _9\"></span>1 of 23.<span class=\"_ _9\"></span>0\u00a2 (net) per s<span class=\"_ _7\"></span>hare<span class=\"_ _304\"> </span></div></td><td class=\"c n xced y2015 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xcdc y2015 w4d7 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsff ws14e\">79.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"t m0 x1bb he y21f0 ff5f fs7 fc2 sc0 ls38 ws41\">Interim d<span class=\"_ _7\"></span>ivid<span class=\"_ _7\"></span>end for the ye<span class=\"_ _7\"></span>ar end<span class=\"_ _7\"></span>ed:<span class=\"_ _304\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1f0 y1f86 w6e2 h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2023 of <span><span class=\"gsea6\" id=\"__5\">1 2. 5</span></span>\u00a2 (net) per sh<span class=\"_ _7\"></span>are<span class=\"_ _304\"> </span></div></td><td class=\"c n xcee y1f86 w184 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb3 wsd0\">43.3<span class=\"_ _304\"> </span></div></td><td class=\"c n xcef y1f86 w5f h8e\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1f0 y1ed8 w6e2 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2022 of <span><span class=\"gsea6\" id=\"__6\">1 2. 0</span></span>\u00a2 (net) per s<span class=\"_ _7\"></span>hare<span class=\"_ _304\"> </span></div></td><td class=\"c n xced y1ed8 w5f h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls8 ws4\">\u2013<span class=\"_ _304\"> </span></div></td><td class=\"c n xcf0 y1ed8 w6e3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\"><span><span class=\"gs2de\" id=\"__8\">41 . 3<span class=\"_ _304\"> </span></span></span></div></td></tr><tr><td></td><td class=\"c n xa11 y1e80 w62d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">1<span class=\"_ _7\"></span>2<span class=\"_ _8\"></span>6<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xcf1 y1e80 w68e h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsae wscb\">12<span class=\"_ _8\"></span>0<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsea7\">The i<span class=\"_ _7\"></span>nterim an<span class=\"_ _7\"></span>d final di<span class=\"_ _7\"></span>vide<span class=\"_ _7\"></span>nd for 2022 was paid e<span class=\"_ _7\"></span>ither i<span class=\"_ _7\"></span>n cash o<span class=\"_ _7\"></span>r issu<span class=\"_ _7\"></span>ed as a Sc<span class=\"_ _7\"></span>rip Di<span class=\"_ _7\"></span>vide<span class=\"_ _7\"></span>nd at the option of th<span class=\"_ _7\"></span>e share<span class=\"_ _7\"></span>holde<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>. Th<span class=\"_ _7\"></span>e </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsea8\">interim d<span class=\"_ _7\"></span>ivid<span class=\"_ _7\"></span>end for the ye<span class=\"_ _7\"></span>ar en<span class=\"_ _7\"></span>ded 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2022 was pai<span class=\"_ _7\"></span>d in cas<span class=\"_ _7\"></span>h of $40.<span class=\"_ _9\"></span>9 mi<span class=\"_ _7\"></span>llion an<span class=\"_ _7\"></span>d 34,<span class=\"_ _a\"></span>760 share<span class=\"_ _7\"></span>s for a Scr<span class=\"_ _7\"></span>ip Div<span class=\"_ _7\"></span>ide<span class=\"_ _7\"></span>nd.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsea9\">The fi<span class=\"_ _7\"></span>nal di<span class=\"_ _7\"></span>vide<span class=\"_ _7\"></span>nd for the yea<span class=\"_ _7\"></span>r ende<span class=\"_ _7\"></span>d 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 2022 of 2<span class=\"_ _a\"></span>4.0\u00a2 was paid in c<span class=\"_ _7\"></span>ash of $81<span class=\"_ _a\"></span>.<span class=\"_ _9\"></span>7 milli<span class=\"_ _7\"></span>on and 77<span class=\"_ _20\"></span>,90<span class=\"_ _7\"></span>4 share<span class=\"_ _7\"></span>s for the <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3c ws45 gseaa\">Scrip Divide<span class=\"_ _7\"></span>nd<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gseab\">The i<span class=\"_ _7\"></span>nterim di<span class=\"_ _7\"></span>vide<span class=\"_ _7\"></span>nd for 2023 was paid ei<span class=\"_ _7\"></span>ther in c<span class=\"_ _7\"></span>ash or i<span class=\"_ _7\"></span>ssue<span class=\"_ _7\"></span>d as a Scr<span class=\"_ _7\"></span>ip Div<span class=\"_ _7\"></span>iden<span class=\"_ _7\"></span>d at the option of the sh<span class=\"_ _7\"></span>areho<span class=\"_ _7\"></span>lder<span class=\"_ _9\"></span>. The a<span class=\"_ _7\"></span>mounts </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gseac\">were $42<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>7<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion in ca<span class=\"_ _7\"></span>sh and 4<span class=\"_ _7\"></span>3,<span class=\"_ _9\"></span>67<span class=\"_ _9\"></span>3 share<span class=\"_ _7\"></span>s for a Scr<span class=\"_ _7\"></span>ip Div<span class=\"_ _7\"></span>iden<span class=\"_ _7\"></span>d.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsead\">The B<span class=\"_ _7\"></span>oard rec<span class=\"_ _7\"></span>omme<span class=\"_ _7\"></span>nded a fi<span class=\"_ _7\"></span>nal di<span class=\"_ _7\"></span>vide<span class=\"_ _7\"></span>nd of 2<span class=\"_ _9\"></span>5.0\u00a2 per sh<span class=\"_ _7\"></span>are to be paid, subj<span class=\"_ _7\"></span>ect to share<span class=\"_ _7\"></span>hold<span class=\"_ _7\"></span>er app<span class=\"_ _7\"></span>roval, on 1<span class=\"_ _a\"></span>2<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Jun<span class=\"_ _7\"></span>e<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>4 t<span class=\"_ _9\"></span>o </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gseae\">sha<span class=\"_ _7\"></span>rehol<span class=\"_ _7\"></span>ders re<span class=\"_ _7\"></span>gistered o<span class=\"_ _7\"></span>n 3<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>May<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>4<span class=\"_ _9\"></span>. Di<span class=\"_ _7\"></span>vide<span class=\"_ _7\"></span>nds wil<span class=\"_ _7\"></span>l be paid i<span class=\"_ _7\"></span>n Sterlin<span class=\"_ _7\"></span>g unle<span class=\"_ _7\"></span>ss sha<span class=\"_ _7\"></span>rehol<span class=\"_ _7\"></span>ders e<span class=\"_ _7\"></span>lec<span class=\"_ _7\"></span>t t<span class=\"_ _9\"></span>o be pa<span class=\"_ _7\"></span>id in US Do<span class=\"_ _7\"></span>llar<span class=\"_ _7\"></span>s.<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gseaf\">The fo<span class=\"_ _7\"></span>reign excha<span class=\"_ _7\"></span>nge rate to conver<span class=\"_ _7\"></span>t the div<span class=\"_ _7\"></span>ide<span class=\"_ _7\"></span>nds de<span class=\"_ _7\"></span>clare<span class=\"_ _7\"></span>d in US Doll<span class=\"_ _7\"></span>ars into Ster<span class=\"_ _7\"></span>ling wil<span class=\"_ _7\"></span>l be base<span class=\"_ _7\"></span>d on the averag<span class=\"_ _7\"></span>e ex<span class=\"_ _9\"></span>ch<span class=\"_ _7\"></span>ange <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gseb0\">rate in the five bu<span class=\"_ _7\"></span>sines<span class=\"_ _7\"></span>s days pri<span class=\"_ _7\"></span>or to the Scrip D<span class=\"_ _7\"></span>ivi<span class=\"_ _7\"></span>dend p<span class=\"_ _7\"></span>rice b<span class=\"_ _7\"></span>eing de<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>er<span class=\"_ _7\"></span>mine<span class=\"_ _7\"></span>d. On this oc<span class=\"_ _7\"></span>casi<span class=\"_ _7\"></span>on, the per<span class=\"_ _7\"></span>iod wil<span class=\"_ _7\"></span>l be bet<span class=\"_ _7\"></span>ween <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gseb1\">2<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>May<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>4 and 28<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>May<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>4 incl<span class=\"_ _7\"></span>usive.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gseb2\">A Scr<span class=\"_ _7\"></span>ip Div<span class=\"_ _7\"></span>iden<span class=\"_ _7\"></span>d altern<span class=\"_ _7\"></span>ative will be of<span class=\"_ _7\"></span>fe<span class=\"_ _7\"></span>red to the owner<span class=\"_ _7\"></span>s of the Comp<span class=\"_ _7\"></span>any<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gseb3\">Whe<span class=\"_ _7\"></span>n determ<span class=\"_ _7\"></span>ining the l<span class=\"_ _7\"></span>evel of divi<span class=\"_ _7\"></span>dend e<span class=\"_ _7\"></span>ach yea<span class=\"_ _7\"></span>r<span class=\"_ _a\"></span>, the Boa<span class=\"_ _7\"></span>rd cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>s the abil<span class=\"_ _7\"></span>ity of the G<span class=\"_ _7\"></span>roup to gene<span class=\"_ _7\"></span>rate cash; the availa<span class=\"_ _7\"></span>bilit<span class=\"_ _7\"></span>y <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gseb4\">of that cas<span class=\"_ _7\"></span>h in the Gro<span class=\"_ _7\"></span>up<span class=\"_ _9\"></span>, whi<span class=\"_ _7\"></span>le cons<span class=\"_ _7\"></span>ider<span class=\"_ _7\"></span>ing con<span class=\"_ _7\"></span>straints su<span class=\"_ _7\"></span>ch as reg<span class=\"_ _7\"></span>ulator<span class=\"_ _7\"></span>y cap<span class=\"_ _7\"></span>ital req<span class=\"_ _7\"></span>uirem<span class=\"_ _7\"></span>ents and th<span class=\"_ _7\"></span>e level requ<span class=\"_ _7\"></span>ired to invest <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gseb5\">in the bu<span class=\"_ _7\"></span>sine<span class=\"_ _7\"></span>ss. This i<span class=\"_ _7\"></span>s a progre<span class=\"_ _7\"></span>ssive po<span class=\"_ _7\"></span>licy an<span class=\"_ _7\"></span>d is expec<span class=\"_ _7\"></span>ted t<span class=\"_ _9\"></span>o be m<span class=\"_ _7\"></span>aintai<span class=\"_ _7\"></span>ned for the fo<span class=\"_ _7\"></span>resee<span class=\"_ _7\"></span>abl<span class=\"_ _7\"></span>e future.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-15": {
   "value": "0.24",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-13": {
   "value": "0.125",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-14": {
   "value": "0.12",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-16": {
   "value": "41300000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "fact-407": {
   "value": "<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls39 ws43 gseb7\">27 Contingencies and guara<span class=\"_ _7\"></span>ntees<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gseb8\">The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s parent compan<span class=\"_ _9\"></span>y and subsidiaries may<span class=\"_ _9\"></span> become involv<span class=\"_ _9\"></span>ed in legal proceedings<span class=\"_ _9\"></span>, claims and lit<span class=\"_ _9\"></span>igation i<span class=\"_ _9\"></span>n the normal<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gseb9\">course of<span class=\"_ _9\"></span> business. The Group r<span class=\"_ _9\"></span>eviews and<span class=\"_ _9\"></span>, in t<span class=\"_ _9\"></span>he opinion o<span class=\"_ _9\"></span>f the Direct<span class=\"_ _9\"></span>ors,<span class=\"_ _9\"></span> maintains sufficient provision<span class=\"_ _9\"></span>, capital and r<span class=\"_ _9\"></span>eser<span class=\"_ _7\"></span>ves<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gseba\">in res<span class=\"_ _7\"></span>pect of su<span class=\"_ _7\"></span>ch cla<span class=\"_ _7\"></span>ims.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsebb\">The fo<span class=\"_ _7\"></span>llowing g<span class=\"_ _7\"></span>uara<span class=\"_ _7\"></span>ntees have also b<span class=\"_ _7\"></span>een i<span class=\"_ _7\"></span>ssue<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsebc\">(a) <span class=\"_ _88\"> </span> <span class=\"_ _e\"></span>Hiscox Ded<span class=\"_ _7\"></span>icated Cor<span class=\"_ _7\"></span>porate Me<span class=\"_ _7\"></span>mber L<span class=\"_ _7\"></span>imited (HD<span class=\"_ _7\"></span>CM) and H<span class=\"_ _7\"></span>iscox Insu<span class=\"_ _7\"></span>rance C<span class=\"_ _7\"></span>ompany (B<span class=\"_ _7\"></span>erm<span class=\"_ _7\"></span>uda) Lim<span class=\"_ _7\"></span>ited (Hisc<span class=\"_ _7\"></span>ox Bermu<span class=\"_ _7\"></span>da) </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs36b\">provid<span class=\"_ _7\"></span>e assets u<span class=\"_ _7\"></span>nder a Se<span class=\"_ _7\"></span>cur<span class=\"_ _7\"></span>ity a<span class=\"_ _7\"></span>nd T<span class=\"_ _a\"></span>ru<span class=\"_ _7\"></span>st Dee<span class=\"_ _7\"></span>d cha<span class=\"_ _7\"></span>rged to Lloyd\u2019<span class=\"_ _9\"></span>s o<span class=\"_ _9\"></span>f Lon<span class=\"_ _7\"></span>don, to meet any lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es that oc<span class=\"_ _7\"></span>cur from th<span class=\"_ _7\"></span>eir </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs36c\">interest i<span class=\"_ _7\"></span>n Synd<span class=\"_ _7\"></span>icates 33 a<span class=\"_ _7\"></span>nd 362<span class=\"_ _9\"></span>4<span class=\"_ _9\"></span>. At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _9\"></span>, HD<span class=\"_ _7\"></span>CM held $<span class=\"_ _7\"></span>69.<span class=\"_ _9\"></span>6 mil<span class=\"_ _7\"></span>lion of investm<span class=\"_ _7\"></span>ents (202<span class=\"_ _9\"></span>2: $<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>7<span class=\"_ _9\"></span>0.8 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>),<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs36d\">$<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>.9 million of c<span class=\"_ _7\"></span>ash (2022<span class=\"_ _9\"></span>: $<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>7<span class=\"_ _20\"></span>.<span class=\"_ _a\"></span>1 milli<span class=\"_ _7\"></span>on) and a $2<span class=\"_ _9\"></span>4<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.0 mill<span class=\"_ _7\"></span>ion LOC (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>: $2<span class=\"_ _9\"></span>4<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>0 mill<span class=\"_ _7\"></span>ion) in favour of Lloyd\u2019<span class=\"_ _9\"></span>s of London <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs36e\">und<span class=\"_ _7\"></span>er this ar<span class=\"_ _7\"></span>rang<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>. At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _9\"></span>, Hi<span class=\"_ _7\"></span>scox Ber<span class=\"_ _7\"></span>muda he<span class=\"_ _7\"></span>ld $38<span class=\"_ _7\"></span>4<span class=\"_ _9\"></span>.6 millio<span class=\"_ _7\"></span>n of investments (2022<span class=\"_ _9\"></span>: $528<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>,<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs36f\">$95.2 mil<span class=\"_ _7\"></span>lion of cas<span class=\"_ _7\"></span>h (2<span class=\"_ _9\"></span>022: $<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>2.2 million) and a $25.<span class=\"_ _9\"></span>0 mil<span class=\"_ _7\"></span>lion LOC (2<span class=\"_ _9\"></span>022: $2<span class=\"_ _9\"></span>5.<span class=\"_ _9\"></span>0 mill<span class=\"_ _7\"></span>ion) in favour of Lloyd\u2019<span class=\"_ _9\"></span>s of London un<span class=\"_ _7\"></span>der </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls21 ws99 gsebd\">thi<span class=\"_ _9\"></span>s arrang<span class=\"_ _9\"></span>ement<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsebe\">(b) <span class=\"_ _1\"> </span> <span class=\"_ _24\"></span>I<span class=\"_ _7\"></span>n 202<span class=\"_ _9\"></span>0, HDCM e<span class=\"_ _7\"></span>ntered into a $65.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n Funds at Lloyd\u2019<span class=\"_ _9\"></span>s agree<span class=\"_ _7\"></span>ment un<span class=\"_ _7\"></span>der wh<span class=\"_ _7\"></span>ich the le<span class=\"_ _7\"></span>ndin<span class=\"_ _7\"></span>g bank provi<span class=\"_ _7\"></span>des as<span class=\"_ _7\"></span>sets on </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsebf\">HDCM\u2019<span class=\"_ _9\"></span>s be<span class=\"_ _7\"></span>half u<span class=\"_ _7\"></span>nder a se<span class=\"_ _7\"></span>cur<span class=\"_ _7\"></span>ity a<span class=\"_ _7\"></span>nd trust d<span class=\"_ _7\"></span>eed c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>d to Lloyd<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s of Londo<span class=\"_ _7\"></span>n as par<span class=\"_ _7\"></span>t of the Co<span class=\"_ _7\"></span>mpany\u2019<span class=\"_ _9\"></span>s Fund\u2019<span class=\"_ _9\"></span>s at Lloyd\u2019<span class=\"_ _a\"></span>s </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsec0\">provis<span class=\"_ _7\"></span>ion. At 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>1 and 2022 the fu<span class=\"_ _7\"></span>ll $65.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n was utilis<span class=\"_ _7\"></span>ed.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsec1\">(c<span class=\"_ _9\"></span>)  <span class=\"_ _10\"> </span> <span class=\"_ _e\"></span>Hiscox plc ren<span class=\"_ _7\"></span>ewed dur<span class=\"_ _7\"></span>ing 2022 its L<span class=\"_ _9\"></span>OC a<span class=\"_ _7\"></span>nd revolvi<span class=\"_ _7\"></span>ng credi<span class=\"_ _7\"></span>t facili<span class=\"_ _7\"></span>ty w<span class=\"_ _7\"></span>ith Lloyds Ba<span class=\"_ _7\"></span>nkin<span class=\"_ _7\"></span>g Group, as agent fo<span class=\"_ _7\"></span>r a syndic<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsec2\">of banks. T<span class=\"_ _7\"></span>he facil<span class=\"_ _7\"></span>ity m<span class=\"_ _7\"></span>ay be drawn in c<span class=\"_ _7\"></span>ash up to $6<span class=\"_ _7\"></span>00.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>\u00a360<span class=\"_ _7\"></span>0.0<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>m<span class=\"_ _7\"></span>illio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>) und<span class=\"_ _7\"></span>er a revolv<span class=\"_ _7\"></span>ing cre<span class=\"_ _7\"></span>dit facil<span class=\"_ _7\"></span>ity o<span class=\"_ _7\"></span>r L<span class=\"_ _9\"></span>OC </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsec3\">up to $266.<span class=\"_ _9\"></span>0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$266.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>million). The terms a<span class=\"_ _7\"></span>lso provid<span class=\"_ _7\"></span>e that the faci<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y may be drawn i<span class=\"_ _7\"></span>n USD<span class=\"_ _9\"></span>, GB<span class=\"_ _7\"></span>P or EUR, or </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsec4\">anothe<span class=\"_ _7\"></span>r curre<span class=\"_ _7\"></span>ncy wi<span class=\"_ _7\"></span>th the agree<span class=\"_ _7\"></span>ment of the ba<span class=\"_ _7\"></span>nks. At 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023<span class=\"_ _9\"></span>, $266.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>milli<span class=\"_ _7\"></span>on (202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$2<span class=\"_ _9\"></span>66.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion) was utilis<span class=\"_ _7\"></span>ed </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsec5\">by way of L<span class=\"_ _9\"></span>OC to suppor<span class=\"_ _7\"></span>t th<span class=\"_ _7\"></span>e F<span class=\"_ _9\"></span>un<span class=\"_ _7\"></span>ds at Lloyd\u2019<span class=\"_ _9\"></span>s require<span class=\"_ _7\"></span>ment a<span class=\"_ _7\"></span>nd $nil c<span class=\"_ _7\"></span>ash draw<span class=\"_ _7\"></span>ings were o<span class=\"_ _7\"></span>utstan<span class=\"_ _7\"></span>ding (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$nil<span class=\"_ _7\"></span>)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsec6\">(d)  <span class=\"_ _14\"> </span> <span class=\"_ _24\"></span> <span class=\"_ _24\"></span>T<span class=\"_ _7\"></span>he Coun<span class=\"_ _7\"></span>cil of Lloyd\u2019<span class=\"_ _9\"></span>s has the dis<span class=\"_ _7\"></span>cretion to cal<span class=\"_ _7\"></span>l for a contri<span class=\"_ _7\"></span>bution of up to 5<span class=\"_ _9\"></span>% of ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y if req<span class=\"_ _7\"></span>uired f<span class=\"_ _7\"></span>rom the <span class=\"ls8 ws4\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gs37f\">man<span class=\"_ _7\"></span>aged sy<span class=\"_ _7\"></span>ndicates.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsec7\">(e<span class=\"_ _9\"></span>) <span class=\"_ _d\"> </span> <span class=\"_ _24\"></span>As Hisc<span class=\"_ _7\"></span>ox Bermu<span class=\"_ _7\"></span>da is not an ad<span class=\"_ _7\"></span>mit<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>d insure<span class=\"_ _7\"></span>r or reinsu<span class=\"_ _7\"></span>rer in the US<span class=\"_ _7\"></span>A, the term<span class=\"_ _7\"></span>s of cer<span class=\"_ _7\"></span>tai<span class=\"_ _7\"></span>n US insur<span class=\"_ _7\"></span>ance a<span class=\"_ _7\"></span>nd reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsec8\">contra<span class=\"_ _7\"></span>cts requi<span class=\"_ _7\"></span>re Hiscox Be<span class=\"_ _7\"></span>rmud<span class=\"_ _7\"></span>a t<span class=\"_ _9\"></span>o provid<span class=\"_ _7\"></span>e L<span class=\"_ _9\"></span>OCs o<span class=\"_ _7\"></span>r other terms of c<span class=\"_ _7\"></span>ollateral to cli<span class=\"_ _7\"></span>ents. Hisc<span class=\"_ _7\"></span>ox Bermu<span class=\"_ _7\"></span>da has in p<span class=\"_ _7\"></span>lace </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsec9\">an LOC reimb<span class=\"_ _7\"></span>urse<span class=\"_ _7\"></span>ment an<span class=\"_ _7\"></span>d pled<span class=\"_ _7\"></span>ge agre<span class=\"_ _7\"></span>ement w<span class=\"_ _7\"></span>ith Citiba<span class=\"_ _7\"></span>nk for the prov<span class=\"_ _7\"></span>ision of a co<span class=\"_ _7\"></span>mmit<span class=\"_ _7\"></span>ted L<span class=\"_ _9\"></span>OC fa<span class=\"_ _7\"></span>cilit<span class=\"_ _7\"></span>y in favour of US </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gseca\">ceding companies and o<span class=\"_ _9\"></span>ther jurisdicti<span class=\"_ _9\"></span>ons, and also<span class=\"_ _9\"></span> committed L<span class=\"_ _9\"></span>OC facil<span class=\"_ _9\"></span>it<span class=\"_ _7\"></span>y agr<span class=\"_ _9\"></span>eements with Na<span class=\"_ _9\"></span>tional Aust<span class=\"_ _9\"></span>ralia Bank and<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsecb\">Com<span class=\"_ _7\"></span>mer<span class=\"_ _7\"></span>zbank AG. Th<span class=\"_ _7\"></span>e agree<span class=\"_ _7\"></span>ments co<span class=\"_ _7\"></span>mbine<span class=\"_ _7\"></span>d allow Hi<span class=\"_ _7\"></span>scox Ber<span class=\"_ _7\"></span>muda to requ<span class=\"_ _7\"></span>est the is<span class=\"_ _7\"></span>suan<span class=\"_ _7\"></span>ce of up to $4<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>0.<span class=\"_ _9\"></span>0 mill<span class=\"_ _7\"></span>ion in </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsecc\">com<span class=\"_ _7\"></span>mit<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed LOCs (2022<span class=\"_ _9\"></span>: $4<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>0.<span class=\"_ _9\"></span>0 mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>. LOCs issue<span class=\"_ _7\"></span>d unde<span class=\"_ _7\"></span>r these f<span class=\"_ _7\"></span>acilitie<span class=\"_ _7\"></span>s are co<span class=\"_ _7\"></span>llaterali<span class=\"_ _7\"></span>sed by cas<span class=\"_ _7\"></span>h, US governm<span class=\"_ _7\"></span>ent and </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsecd\">cor<span class=\"_ _7\"></span>porate sec<span class=\"_ _7\"></span>uritie<span class=\"_ _7\"></span>s of Hiscox Be<span class=\"_ _7\"></span>rmud<span class=\"_ _7\"></span>a. L<span class=\"_ _9\"></span>OCs u<span class=\"_ _7\"></span>nder the<span class=\"_ _7\"></span>se faci<span class=\"_ _7\"></span>lities totall<span class=\"_ _7\"></span>ing $20<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.0 milli<span class=\"_ _7\"></span>on were iss<span class=\"_ _7\"></span>ued wi<span class=\"_ _7\"></span>th an ef<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ve<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsece\">date of 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 202<span class=\"_ _9\"></span>3 (2022<span class=\"_ _9\"></span>: $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>89.<span class=\"_ _9\"></span>4 milli<span class=\"_ _7\"></span>on) and thes<span class=\"_ _7\"></span>e were coll<span class=\"_ _7\"></span>ateralise<span class=\"_ _7\"></span>d by US governm<span class=\"_ _7\"></span>ent an<span class=\"_ _7\"></span>d corp<span class=\"_ _7\"></span>orate secur<span class=\"_ _7\"></span>ities </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsecf\">with a fa<span class=\"_ _7\"></span>ir value of $233.<span class=\"_ _9\"></span>7 milli<span class=\"_ _7\"></span>on (2<span class=\"_ _9\"></span>022: $2<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>4<span class=\"_ _9\"></span>.2 mi<span class=\"_ _7\"></span>llion)<span class=\"_ _9\"></span>. In add<span class=\"_ _7\"></span>ition, Hisc<span class=\"_ _7\"></span>ox Bermu<span class=\"_ _7\"></span>da mai<span class=\"_ _7\"></span>ntaine<span class=\"_ _7\"></span>d assets i<span class=\"_ _7\"></span>n trust ac<span class=\"_ _7\"></span>counts to </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsed0\">coll<span class=\"_ _7\"></span>ateralis<span class=\"_ _7\"></span>e obligati<span class=\"_ _7\"></span>ons und<span class=\"_ _7\"></span>er vari<span class=\"_ _7\"></span>ous rei<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce agre<span class=\"_ _7\"></span>ements. At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2023, t<span class=\"_ _9\"></span>otal c<span class=\"_ _7\"></span>ash an<span class=\"_ _7\"></span>d marketa<span class=\"_ _7\"></span>ble sec<span class=\"_ _7\"></span>uriti<span class=\"_ _7\"></span>es </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsed1\">with a c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing value of a<span class=\"_ _7\"></span>pproximatel<span class=\"_ _7\"></span>y $36.2 mill<span class=\"_ _7\"></span>ion (2022<span class=\"_ _9\"></span>: $2<span class=\"_ _9\"></span>3.2 mil<span class=\"_ _7\"></span>lion) were hel<span class=\"_ _7\"></span>d in exter<span class=\"_ _7\"></span>nal tru<span class=\"_ _7\"></span>sts. Cash a<span class=\"_ _7\"></span>nd mar<span class=\"_ _7\"></span>ketable </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsed2\">sec<span class=\"_ _7\"></span>uritie<span class=\"_ _7\"></span>s with a<span class=\"_ _7\"></span>n approxim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e ma<span class=\"_ _7\"></span>rket value of $5<span class=\"_ _7\"></span>35.2 million (2022<span class=\"_ _9\"></span>: $495.5 mill<span class=\"_ _7\"></span>ion) were held i<span class=\"_ _7\"></span>n trust in re<span class=\"_ _7\"></span>spe<span class=\"_ _7\"></span>ct of interna<span class=\"_ _7\"></span>l </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls39 ws43 gsed3\">quota share<span class=\"_ _9\"></span> arrangeme<span class=\"_ _7\"></span>nts<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsed4\">(f<span class=\"_ _7\"></span>) <span class=\"_ _89\"> </span> <span class=\"_ _24\"></span>H<span class=\"_ _7\"></span>iscox Soci<span class=\"_ _7\"></span>\u00e9t\u00e9 Anonym<span class=\"_ _7\"></span>e has ar<span class=\"_ _7\"></span>range<span class=\"_ _7\"></span>d bank g<span class=\"_ _7\"></span>uara<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>es with re<span class=\"_ _7\"></span>spe<span class=\"_ _7\"></span>ct to its variou<span class=\"_ _7\"></span>s offi<span class=\"_ _7\"></span>ce dep<span class=\"_ _7\"></span>osits for a total of \u20ac0.3 milli<span class=\"_ _7\"></span>on </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsed5\">(202<span class=\"_ _9\"></span>2: \u20ac0.3 million)<span class=\"_ _9\"></span>. </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsed6\">(g) <span class=\"_ _88\"> </span>See note 22 for ta<span class=\"_ _7\"></span>x<span class=\"_ _9\"></span>-related c<span class=\"_ _7\"></span>ontinge<span class=\"_ _7\"></span>nt liab<span class=\"_ _7\"></span>ilitie<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span></div>28 Capital commitments and<span class=\"_ _9\"></span> income from subleasing<span class=\"_ _304\"> </span>Capital commitment<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span>Refer to note<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2<span class=\"_ _9\"></span>1 for le<span class=\"_ _7\"></span>ase com<span class=\"_ _7\"></span>mitme<span class=\"_ _7\"></span>nts, incom<span class=\"_ _7\"></span>e from le<span class=\"_ _7\"></span>asing a<span class=\"_ _7\"></span>nd note<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2<span class=\"_ _9\"></span>4 for the Group\u2019<span class=\"_ _a\"></span>s f<span class=\"_ _7\"></span>undi<span class=\"_ _7\"></span>ng contr<span class=\"_ _7\"></span>ibution<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o the d<span class=\"_ _7\"></span>efined ben<span class=\"_ _7\"></span>efit sch<span class=\"_ _7\"></span>eme. Th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>l comm<span class=\"_ _7\"></span>itment c<span class=\"_ _7\"></span>ontracted for at th<span class=\"_ _7\"></span>e balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et date but not yet inc<span class=\"_ _7\"></span>urred fo<span class=\"_ _7\"></span>r proper<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>, plant, equ<span class=\"_ _7\"></span>ipmen<span class=\"_ _7\"></span>t and sof<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ware develop<span class=\"_ _7\"></span>ment was $1<span class=\"_ _a\"></span>.6<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$0.<span class=\"_ _9\"></span>7<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-447": {
   "value": "27 Contingencies and guara<span class=\"_ _7\"></span>ntees<span class=\"_ _304\"> </span>The Group<span class=\"_ _9\"></span>\u2019<span class=\"_ _a\"></span>s parent compan<span class=\"_ _9\"></span>y and subsidiaries may<span class=\"_ _9\"></span> become involv<span class=\"_ _9\"></span>ed in legal proceedings<span class=\"_ _9\"></span>, claims and lit<span class=\"_ _9\"></span>igation i<span class=\"_ _9\"></span>n the normal<span class=\"_ _9\"></span> course of<span class=\"_ _9\"></span> business. The Group r<span class=\"_ _9\"></span>eviews and<span class=\"_ _9\"></span>, in t<span class=\"_ _9\"></span>he opinion o<span class=\"_ _9\"></span>f the Direct<span class=\"_ _9\"></span>ors,<span class=\"_ _9\"></span> maintains sufficient provision<span class=\"_ _9\"></span>, capital and r<span class=\"_ _9\"></span>eser<span class=\"_ _7\"></span>ves<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>in res<span class=\"_ _7\"></span>pect of su<span class=\"_ _7\"></span>ch cla<span class=\"_ _7\"></span>ims.<span class=\"_ _304\"> </span>The fo<span class=\"_ _7\"></span>llowing g<span class=\"_ _7\"></span>uara<span class=\"_ _7\"></span>ntees have also b<span class=\"_ _7\"></span>een i<span class=\"_ _7\"></span>ssue<span class=\"_ _7\"></span>d<span class=\"_ _9\"></span>:<span class=\"_ _304\"> </span>(a) <span class=\"_ _88\"> </span> <span class=\"_ _e\"></span>Hiscox Ded<span class=\"_ _7\"></span>icated Cor<span class=\"_ _7\"></span>porate Me<span class=\"_ _7\"></span>mber L<span class=\"_ _7\"></span>imited (HD<span class=\"_ _7\"></span>CM) and H<span class=\"_ _7\"></span>iscox Insu<span class=\"_ _7\"></span>rance C<span class=\"_ _7\"></span>ompany (B<span class=\"_ _7\"></span>erm<span class=\"_ _7\"></span>uda) Lim<span class=\"_ _7\"></span>ited (Hisc<span class=\"_ _7\"></span>ox Bermu<span class=\"_ _7\"></span>da) provid<span class=\"_ _7\"></span>e assets u<span class=\"_ _7\"></span>nder a Se<span class=\"_ _7\"></span>cur<span class=\"_ _7\"></span>ity a<span class=\"_ _7\"></span>nd T<span class=\"_ _a\"></span>ru<span class=\"_ _7\"></span>st Dee<span class=\"_ _7\"></span>d cha<span class=\"_ _7\"></span>rged to Lloyd\u2019<span class=\"_ _9\"></span>s o<span class=\"_ _9\"></span>f Lon<span class=\"_ _7\"></span>don, to meet any lia<span class=\"_ _7\"></span>biliti<span class=\"_ _7\"></span>es that oc<span class=\"_ _7\"></span>cur from th<span class=\"_ _7\"></span>eir interest i<span class=\"_ _7\"></span>n Synd<span class=\"_ _7\"></span>icates 33 a<span class=\"_ _7\"></span>nd 362<span class=\"_ _9\"></span>4<span class=\"_ _9\"></span>. At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _9\"></span>, HD<span class=\"_ _7\"></span>CM held $<span class=\"_ _7\"></span>69.<span class=\"_ _9\"></span>6 mil<span class=\"_ _7\"></span>lion of investm<span class=\"_ _7\"></span>ents (202<span class=\"_ _9\"></span>2: $<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>7<span class=\"_ _9\"></span>0.8 millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>),<span class=\"_ _9\"></span> $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>2<span class=\"_ _9\"></span>.9 million of c<span class=\"_ _7\"></span>ash (2022<span class=\"_ _9\"></span>: $<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>7<span class=\"_ _20\"></span>.<span class=\"_ _a\"></span>1 milli<span class=\"_ _7\"></span>on) and a $2<span class=\"_ _9\"></span>4<span class=\"_ _a\"></span>1<span class=\"_ _a\"></span>.0 mill<span class=\"_ _7\"></span>ion LOC (<span class=\"_ _9\"></span>2022<span class=\"_ _9\"></span>: $2<span class=\"_ _9\"></span>4<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>.<span class=\"_ _9\"></span>0 mill<span class=\"_ _7\"></span>ion) in favour of Lloyd\u2019<span class=\"_ _9\"></span>s of London <span class=\"ls8 ws4\"> </span>und<span class=\"_ _7\"></span>er this ar<span class=\"_ _7\"></span>rang<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>. At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cemb<span class=\"_ _7\"></span>er 2023<span class=\"_ _9\"></span>, Hi<span class=\"_ _7\"></span>scox Ber<span class=\"_ _7\"></span>muda he<span class=\"_ _7\"></span>ld $38<span class=\"_ _7\"></span>4<span class=\"_ _9\"></span>.6 millio<span class=\"_ _7\"></span>n of investments (2022<span class=\"_ _9\"></span>: $528<span class=\"_ _9\"></span>.<span class=\"_ _a\"></span>1 milli<span class=\"_ _7\"></span>on)<span class=\"_ _9\"></span>,<span class=\"_ _9\"></span> $95.2 mil<span class=\"_ _7\"></span>lion of cas<span class=\"_ _7\"></span>h (2<span class=\"_ _9\"></span>022: $<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>2.2 million) and a $25.<span class=\"_ _9\"></span>0 mil<span class=\"_ _7\"></span>lion LOC (2<span class=\"_ _9\"></span>022: $2<span class=\"_ _9\"></span>5.<span class=\"_ _9\"></span>0 mill<span class=\"_ _7\"></span>ion) in favour of Lloyd\u2019<span class=\"_ _9\"></span>s of London un<span class=\"_ _7\"></span>der thi<span class=\"_ _9\"></span>s arrang<span class=\"_ _9\"></span>ement<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(b) <span class=\"_ _1\"> </span> <span class=\"_ _24\"></span>I<span class=\"_ _7\"></span>n 202<span class=\"_ _9\"></span>0, HDCM e<span class=\"_ _7\"></span>ntered into a $65.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n Funds at Lloyd\u2019<span class=\"_ _9\"></span>s agree<span class=\"_ _7\"></span>ment un<span class=\"_ _7\"></span>der wh<span class=\"_ _7\"></span>ich the le<span class=\"_ _7\"></span>ndin<span class=\"_ _7\"></span>g bank provi<span class=\"_ _7\"></span>des as<span class=\"_ _7\"></span>sets on HDCM\u2019<span class=\"_ _9\"></span>s be<span class=\"_ _7\"></span>half u<span class=\"_ _7\"></span>nder a se<span class=\"_ _7\"></span>cur<span class=\"_ _7\"></span>ity a<span class=\"_ _7\"></span>nd trust d<span class=\"_ _7\"></span>eed c<span class=\"_ _7\"></span>harge<span class=\"_ _7\"></span>d to Lloyd<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s of Londo<span class=\"_ _7\"></span>n as par<span class=\"_ _7\"></span>t of the Co<span class=\"_ _7\"></span>mpany\u2019<span class=\"_ _9\"></span>s Fund\u2019<span class=\"_ _9\"></span>s at Lloyd\u2019<span class=\"_ _a\"></span>s provis<span class=\"_ _7\"></span>ion. At 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>202<span class=\"_ _9\"></span>1 and 2022 the fu<span class=\"_ _7\"></span>ll $65.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n was utilis<span class=\"_ _7\"></span>ed.<span class=\"_ _304\"> </span>(c<span class=\"_ _9\"></span>)  <span class=\"_ _10\"> </span> <span class=\"_ _e\"></span>Hiscox plc ren<span class=\"_ _7\"></span>ewed dur<span class=\"_ _7\"></span>ing 2022 its L<span class=\"_ _9\"></span>OC a<span class=\"_ _7\"></span>nd revolvi<span class=\"_ _7\"></span>ng credi<span class=\"_ _7\"></span>t facili<span class=\"_ _7\"></span>ty w<span class=\"_ _7\"></span>ith Lloyds Ba<span class=\"_ _7\"></span>nkin<span class=\"_ _7\"></span>g Group, as agent fo<span class=\"_ _7\"></span>r a syndic<span class=\"_ _7\"></span>ate<span class=\"_ _9\"></span> <span class=\"ls8 ws4\"> </span>of banks. T<span class=\"_ _7\"></span>he facil<span class=\"_ _7\"></span>ity m<span class=\"_ _7\"></span>ay be drawn in c<span class=\"_ _7\"></span>ash up to $6<span class=\"_ _7\"></span>00.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n (2<span class=\"_ _9\"></span>022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>\u00a360<span class=\"_ _7\"></span>0.0<span class=\"_ gs2e8\"> </span><span class=\"_ _20\"></span>m<span class=\"_ _7\"></span>illio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>) und<span class=\"_ _7\"></span>er a revolv<span class=\"_ _7\"></span>ing cre<span class=\"_ _7\"></span>dit facil<span class=\"_ _7\"></span>ity o<span class=\"_ _7\"></span>r L<span class=\"_ _9\"></span>OC up to $266.<span class=\"_ _9\"></span>0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mi<span class=\"_ _7\"></span>llion (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$266.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>million). The terms a<span class=\"_ _7\"></span>lso provid<span class=\"_ _7\"></span>e that the faci<span class=\"_ _7\"></span>lit<span class=\"_ _7\"></span>y may be drawn i<span class=\"_ _7\"></span>n USD<span class=\"_ _9\"></span>, GB<span class=\"_ _7\"></span>P or EUR, or anothe<span class=\"_ _7\"></span>r curre<span class=\"_ _7\"></span>ncy wi<span class=\"_ _7\"></span>th the agree<span class=\"_ _7\"></span>ment of the ba<span class=\"_ _7\"></span>nks. At 3<span class=\"_ _9\"></span>1<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2023<span class=\"_ _9\"></span>, $266.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>milli<span class=\"_ _7\"></span>on (202<span class=\"_ _9\"></span>2:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$2<span class=\"_ _9\"></span>66.0<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion) was utilis<span class=\"_ _7\"></span>ed by way of L<span class=\"_ _9\"></span>OC to suppor<span class=\"_ _7\"></span>t th<span class=\"_ _7\"></span>e F<span class=\"_ _9\"></span>un<span class=\"_ _7\"></span>ds at Lloyd\u2019<span class=\"_ _9\"></span>s require<span class=\"_ _7\"></span>ment a<span class=\"_ _7\"></span>nd $nil c<span class=\"_ _7\"></span>ash draw<span class=\"_ _7\"></span>ings were o<span class=\"_ _7\"></span>utstan<span class=\"_ _7\"></span>ding (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$nil<span class=\"_ _7\"></span>)<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(d)  <span class=\"_ _14\"> </span> <span class=\"_ _24\"></span> <span class=\"_ _24\"></span>T<span class=\"_ _7\"></span>he Coun<span class=\"_ _7\"></span>cil of Lloyd\u2019<span class=\"_ _9\"></span>s has the dis<span class=\"_ _7\"></span>cretion to cal<span class=\"_ _7\"></span>l for a contri<span class=\"_ _7\"></span>bution of up to 5<span class=\"_ _9\"></span>% of ca<span class=\"_ _7\"></span>pacit<span class=\"_ _7\"></span>y if req<span class=\"_ _7\"></span>uired f<span class=\"_ _7\"></span>rom the <span class=\"ls8 ws4\"> </span>man<span class=\"_ _7\"></span>aged sy<span class=\"_ _7\"></span>ndicates.<span class=\"_ _304\"> </span>(e<span class=\"_ _9\"></span>) <span class=\"_ _d\"> </span> <span class=\"_ _24\"></span>As Hisc<span class=\"_ _7\"></span>ox Bermu<span class=\"_ _7\"></span>da is not an ad<span class=\"_ _7\"></span>mit<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>d insure<span class=\"_ _7\"></span>r or reinsu<span class=\"_ _7\"></span>rer in the US<span class=\"_ _7\"></span>A, the term<span class=\"_ _7\"></span>s of cer<span class=\"_ _7\"></span>tai<span class=\"_ _7\"></span>n US insur<span class=\"_ _7\"></span>ance a<span class=\"_ _7\"></span>nd reins<span class=\"_ _7\"></span>uranc<span class=\"_ _7\"></span>e<span class=\"_ _9\"></span> contra<span class=\"_ _7\"></span>cts requi<span class=\"_ _7\"></span>re Hiscox Be<span class=\"_ _7\"></span>rmud<span class=\"_ _7\"></span>a t<span class=\"_ _9\"></span>o provid<span class=\"_ _7\"></span>e L<span class=\"_ _9\"></span>OCs o<span class=\"_ _7\"></span>r other terms of c<span class=\"_ _7\"></span>ollateral to cli<span class=\"_ _7\"></span>ents. Hisc<span class=\"_ _7\"></span>ox Bermu<span class=\"_ _7\"></span>da has in p<span class=\"_ _7\"></span>lace an LOC reimb<span class=\"_ _7\"></span>urse<span class=\"_ _7\"></span>ment an<span class=\"_ _7\"></span>d pled<span class=\"_ _7\"></span>ge agre<span class=\"_ _7\"></span>ement w<span class=\"_ _7\"></span>ith Citiba<span class=\"_ _7\"></span>nk for the prov<span class=\"_ _7\"></span>ision of a co<span class=\"_ _7\"></span>mmit<span class=\"_ _7\"></span>ted L<span class=\"_ _9\"></span>OC fa<span class=\"_ _7\"></span>cilit<span class=\"_ _7\"></span>y in favour of US ceding companies and o<span class=\"_ _9\"></span>ther jurisdicti<span class=\"_ _9\"></span>ons, and also<span class=\"_ _9\"></span> committed L<span class=\"_ _9\"></span>OC facil<span class=\"_ _9\"></span>it<span class=\"_ _7\"></span>y agr<span class=\"_ _9\"></span>eements with Na<span class=\"_ _9\"></span>tional Aust<span class=\"_ _9\"></span>ralia Bank and<span class=\"_ _9\"></span> Com<span class=\"_ _7\"></span>mer<span class=\"_ _7\"></span>zbank AG. Th<span class=\"_ _7\"></span>e agree<span class=\"_ _7\"></span>ments co<span class=\"_ _7\"></span>mbine<span class=\"_ _7\"></span>d allow Hi<span class=\"_ _7\"></span>scox Ber<span class=\"_ _7\"></span>muda to requ<span class=\"_ _7\"></span>est the is<span class=\"_ _7\"></span>suan<span class=\"_ _7\"></span>ce of up to $4<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>0.<span class=\"_ _9\"></span>0 mill<span class=\"_ _7\"></span>ion in com<span class=\"_ _7\"></span>mit<span class=\"_ _7\"></span>t<span class=\"_ _9\"></span>ed LOCs (2022<span class=\"_ _9\"></span>: $4<span class=\"_ _9\"></span>7<span class=\"_ _9\"></span>0.<span class=\"_ _9\"></span>0 mil<span class=\"_ _7\"></span>lion)<span class=\"_ _9\"></span>. LOCs issue<span class=\"_ _7\"></span>d unde<span class=\"_ _7\"></span>r these f<span class=\"_ _7\"></span>acilitie<span class=\"_ _7\"></span>s are co<span class=\"_ _7\"></span>llaterali<span class=\"_ _7\"></span>sed by cas<span class=\"_ _7\"></span>h, US governm<span class=\"_ _7\"></span>ent and cor<span class=\"_ _7\"></span>porate sec<span class=\"_ _7\"></span>uritie<span class=\"_ _7\"></span>s of Hiscox Be<span class=\"_ _7\"></span>rmud<span class=\"_ _7\"></span>a. L<span class=\"_ _9\"></span>OCs u<span class=\"_ _7\"></span>nder the<span class=\"_ _7\"></span>se faci<span class=\"_ _7\"></span>lities totall<span class=\"_ _7\"></span>ing $20<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.0 milli<span class=\"_ _7\"></span>on were iss<span class=\"_ _7\"></span>ued wi<span class=\"_ _7\"></span>th an ef<span class=\"_ _7\"></span>fecti<span class=\"_ _7\"></span>ve<span class=\"_ _9\"></span> date of 3<span class=\"_ _9\"></span>1 Dec<span class=\"_ _7\"></span>embe<span class=\"_ _7\"></span>r 202<span class=\"_ _9\"></span>3 (2022<span class=\"_ _9\"></span>: $<span class=\"_ _9\"></span>1<span class=\"_ _9\"></span>89.<span class=\"_ _9\"></span>4 milli<span class=\"_ _7\"></span>on) and thes<span class=\"_ _7\"></span>e were coll<span class=\"_ _7\"></span>ateralise<span class=\"_ _7\"></span>d by US governm<span class=\"_ _7\"></span>ent an<span class=\"_ _7\"></span>d corp<span class=\"_ _7\"></span>orate secur<span class=\"_ _7\"></span>ities with a fa<span class=\"_ _7\"></span>ir value of $233.<span class=\"_ _9\"></span>7 milli<span class=\"_ _7\"></span>on (2<span class=\"_ _9\"></span>022: $2<span class=\"_ _9\"></span>1<span class=\"_ _a\"></span>4<span class=\"_ _9\"></span>.2 mi<span class=\"_ _7\"></span>llion)<span class=\"_ _9\"></span>. In add<span class=\"_ _7\"></span>ition, Hisc<span class=\"_ _7\"></span>ox Bermu<span class=\"_ _7\"></span>da mai<span class=\"_ _7\"></span>ntaine<span class=\"_ _7\"></span>d assets i<span class=\"_ _7\"></span>n trust ac<span class=\"_ _7\"></span>counts to coll<span class=\"_ _7\"></span>ateralis<span class=\"_ _7\"></span>e obligati<span class=\"_ _7\"></span>ons und<span class=\"_ _7\"></span>er vari<span class=\"_ _7\"></span>ous rei<span class=\"_ _7\"></span>nsuran<span class=\"_ _7\"></span>ce agre<span class=\"_ _7\"></span>ements. At 3<span class=\"_ _9\"></span>1 De<span class=\"_ _7\"></span>cem<span class=\"_ _7\"></span>ber 2023, t<span class=\"_ _9\"></span>otal c<span class=\"_ _7\"></span>ash an<span class=\"_ _7\"></span>d marketa<span class=\"_ _7\"></span>ble sec<span class=\"_ _7\"></span>uriti<span class=\"_ _7\"></span>es with a c<span class=\"_ _7\"></span>arr<span class=\"_ _7\"></span>y<span class=\"_ _7\"></span>ing value of a<span class=\"_ _7\"></span>pproximatel<span class=\"_ _7\"></span>y $36.2 mill<span class=\"_ _7\"></span>ion (2022<span class=\"_ _9\"></span>: $2<span class=\"_ _9\"></span>3.2 mil<span class=\"_ _7\"></span>lion) were hel<span class=\"_ _7\"></span>d in exter<span class=\"_ _7\"></span>nal tru<span class=\"_ _7\"></span>sts. Cash a<span class=\"_ _7\"></span>nd mar<span class=\"_ _7\"></span>ketable sec<span class=\"_ _7\"></span>uritie<span class=\"_ _7\"></span>s with a<span class=\"_ _7\"></span>n approxim<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>e ma<span class=\"_ _7\"></span>rket value of $5<span class=\"_ _7\"></span>35.2 million (2022<span class=\"_ _9\"></span>: $495.5 mill<span class=\"_ _7\"></span>ion) were held i<span class=\"_ _7\"></span>n trust in re<span class=\"_ _7\"></span>spe<span class=\"_ _7\"></span>ct of interna<span class=\"_ _7\"></span>l quota share<span class=\"_ _9\"></span> arrangeme<span class=\"_ _7\"></span>nts<span class=\"_ _9\"></span>.<span class=\"_ _304\"> </span>(f<span class=\"_ _7\"></span>) <span class=\"_ _89\"> </span> <span class=\"_ _24\"></span>H<span class=\"_ _7\"></span>iscox Soci<span class=\"_ _7\"></span>\u00e9t\u00e9 Anonym<span class=\"_ _7\"></span>e has ar<span class=\"_ _7\"></span>range<span class=\"_ _7\"></span>d bank g<span class=\"_ _7\"></span>uara<span class=\"_ _7\"></span>nt<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>es with re<span class=\"_ _7\"></span>spe<span class=\"_ _7\"></span>ct to its variou<span class=\"_ _7\"></span>s offi<span class=\"_ _7\"></span>ce dep<span class=\"_ _7\"></span>osits for a total of \u20ac0.3 milli<span class=\"_ _7\"></span>on (202<span class=\"_ _9\"></span>2: \u20ac0.3 million)<span class=\"_ _9\"></span>. (g) <span class=\"_ _88\"> </span>See note 22 for ta<span class=\"_ _7\"></span>x<span class=\"_ _9\"></span>-related c<span class=\"_ _7\"></span>ontinge<span class=\"_ _7\"></span>nt liab<span class=\"_ _7\"></span>ilitie<span class=\"_ _7\"></span>s.<span class=\"_ _304\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-448": {
   "value": "<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls3d ws46 gsed8\">28 Capital commitments and<span class=\"_ _9\"></span> income from subleasing<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gsed9\">Capital commitment<span class=\"_ _9\"></span>s<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gseda\">Refer to note<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2<span class=\"_ _9\"></span>1 for le<span class=\"_ _7\"></span>ase com<span class=\"_ _7\"></span>mitme<span class=\"_ _7\"></span>nts, incom<span class=\"_ _7\"></span>e from le<span class=\"_ _7\"></span>asing a<span class=\"_ _7\"></span>nd note<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2<span class=\"_ _9\"></span>4 for the Group\u2019<span class=\"_ _a\"></span>s f<span class=\"_ _7\"></span>undi<span class=\"_ _7\"></span>ng contr<span class=\"_ _7\"></span>ibution<span class=\"_ _7\"></span>s t<span class=\"_ _9\"></span>o the d<span class=\"_ _7\"></span>efined </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsedb\">ben<span class=\"_ _7\"></span>efit sch<span class=\"_ _7\"></span>eme. Th<span class=\"_ _7\"></span>e Group\u2019<span class=\"_ _a\"></span>s c<span class=\"_ _7\"></span>apita<span class=\"_ _7\"></span>l comm<span class=\"_ _7\"></span>itment c<span class=\"_ _7\"></span>ontracted for at th<span class=\"_ _7\"></span>e balan<span class=\"_ _7\"></span>ce she<span class=\"_ _7\"></span>et date but not yet inc<span class=\"_ _7\"></span>urred fo<span class=\"_ _7\"></span>r proper<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y<span class=\"_ _9\"></span>, plant, </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsedc\">equ<span class=\"_ _7\"></span>ipmen<span class=\"_ _7\"></span>t and sof<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>ware develop<span class=\"_ _7\"></span>ment was $1<span class=\"_ _a\"></span>.6<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>mill<span class=\"_ _7\"></span>ion (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>$0.<span class=\"_ _9\"></span>7<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>millio<span class=\"_ _7\"></span>n<span class=\"_ _9\"></span>).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-449": {
   "value": "<div class=\"t m0 hd ff63 fs7 fc3 sc0 ls3b ws44 gsee3\">30 Related-par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y transactions<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsee4\">Deta<span class=\"_ _7\"></span>ils of the remu<span class=\"_ _7\"></span>neratio<span class=\"_ _7\"></span>n of the Group\u2019<span class=\"_ _a\"></span>s key pe<span class=\"_ _7\"></span>rson<span class=\"_ _7\"></span>nel, pres<span class=\"_ _7\"></span>ented in Ster<span class=\"_ _7\"></span>ling, are sh<span class=\"_ _7\"></span>own in the an<span class=\"_ _7\"></span>nual re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>t on rem<span class=\"_ _7\"></span>unerati<span class=\"_ _7\"></span>on </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsee5\">2023 on pages 1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>2 t<span class=\"_ _9\"></span>o 1<span class=\"_ _a\"></span>22. A<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>numbe<span class=\"_ _7\"></span>r of the Group\u2019<span class=\"_ _9\"></span>s k<span class=\"_ _9\"></span>ey pe<span class=\"_ _7\"></span>rson<span class=\"_ _7\"></span>nel hol<span class=\"_ _7\"></span>d insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts wi<span class=\"_ _7\"></span>th the Group, all of whic<span class=\"_ _7\"></span>h are on </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsee6\">nor<span class=\"_ _7\"></span>mal co<span class=\"_ _7\"></span>mmerci<span class=\"_ _7\"></span>al terms a<span class=\"_ _7\"></span>nd are not mater<span class=\"_ _7\"></span>ial in n<span class=\"_ _7\"></span>ature.<span class=\"_ _9\"></span> </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gsee7\">The follo<span class=\"_ _9\"></span>wing transact<span class=\"_ _9\"></span>ions were<span class=\"_ _9\"></span> conducted wit<span class=\"_ _9\"></span>h relat<span class=\"_ _9\"></span>ed par<span class=\"_ _7\"></span>ties<span class=\"_ _9\"></span> during the y<span class=\"_ _9\"></span>ear<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls38 ws41 gsee8\">(a) Syndi<span class=\"_ _7\"></span>cate 33 at Lloyd\u2019<span class=\"_ _a\"></span>s<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsee9\">Rel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed<span class=\"_ _7\"></span>-par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y balan<span class=\"_ _7\"></span>ces b<span class=\"_ _7\"></span>etwee<span class=\"_ _7\"></span>n Group c<span class=\"_ _7\"></span>ompa<span class=\"_ _7\"></span>nies a<span class=\"_ _7\"></span>nd Syn<span class=\"_ _7\"></span>dicate 33 refle<span class=\"_ _7\"></span>ct the 27<span class=\"_ _e\"></span>.4<span class=\"_ _9\"></span>% interest (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.4<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span>) that the Group d<span class=\"_ _7\"></span>oes </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gseea\">not own, and a<span class=\"_ _7\"></span>re as follows:<span class=\"_ _304\"> </span></div><div class=\"gseeb\"><table class=\"s w723 he4\" id=\"_89b4c426-b50b-485c-967d-295a12bb9c06\"><tr><td></td><td></td><td class=\"t m0 xd1f h43 y2207 ff64 fs28 fc2 sc0 lse6 ws138\">T<span class=\"_ _9\"></span>ransactions in </td><td></td><td class=\"t m0 x1ff h43 y2207 ff64 fs28 fc2 sc0 lse6 ws12d\">Balances<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xd20 h43 y2208 ff64 fs28 fc2 sc0 lse4 ws15d\">the i<span class=\"_ _7\"></span>nco<span class=\"_ _7\"></span>me st<span class=\"_ _7\"></span>atem<span class=\"_ _7\"></span>ent</td><td></td><td class=\"t m0 x44e h43 y2208 ff64 fs28 fc2 sc0 lse6 ws253\"> outstanding<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xd21 h43 y2209 ff64 fs28 fc2 sc0 lse4 ws15d\">for<span class=\"_ gseec\"> </span>the yea<span class=\"_ _7\"></span>r end<span class=\"_ _7\"></span>ed<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 xd22 h43 y2209 ff64 fs28 fc2 sc0 lse6 ws138\">receivable/(payable)<span class=\"_ _9\"></span> at<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xd23 h44 y220a ff5f fs28 fc2 sc0 lsa0 ws1e0\">3<span class=\"_ _9\"></span>1 December<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 xd24 h44 y220a ff5f fs28 fc2 sc0 lsa0 ws1e0\">3<span class=\"_ _9\"></span>1 December<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x51e h43 y220b ff64 fs28 fc2 sc0 ls145 ws1dc\">31<span class=\"_ _9\"></span> December<span class=\"_ _304\"> </span></td><td class=\"t m0 xd25 h44 y220b ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td><td class=\"t m0 xd26 h43 y220b ff64 fs28 fc2 sc0 ls145 ws1dc\">31<span class=\"_ _9\"></span> December<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y220b ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 xd27 h43 y220c ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x44d h44 y220c ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fb h43 y220c ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1ff h44 y220c ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x499 h43 y220d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x929 h44 y220d ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h43 y220d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y220d ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2015 w708 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Hiscox<span class=\"_ _9\"></span> Syndicates Limited<span class=\"_ _304\"> </span></div></td><td class=\"c n xd28 y2015 w6b0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls15d ws211\">24<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xd29 y2015 w3aa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">6.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xd2a y2015 w724 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">23.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x856 y2015 w39 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2016 w725 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Hisc<span class=\"_ _7\"></span>ox Group insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e carr<span class=\"_ _7\"></span>ier<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xd2b y2016 w4d9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xd2c y2016 w1df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xd2d y2016 w653 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>7<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xd2e y2016 wcd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(83.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w726 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">Hiscox Gr<span class=\"_ _9\"></span>oup insurance intermediarie<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xd2f y1f86 w727 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xd30 y1f86 wa3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xd31 y1f86 w47a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xd32 y1f86 w362 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4<span class=\"_ _7\"></span>.6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w728 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Other Hisco<span class=\"_ _9\"></span>x Group companies<span class=\"_ _304\"> </span></div></td><td class=\"c n xd33 y1e8e w106 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xd34 y1e8e w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">44.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x81b y1e8e w4d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xd35 y1e8e w729 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(1.<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n xd36 y1e80 w225 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">99.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xd37 y1e80 w72a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">67<span class=\"_ _20\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xd38 y1e80 w26a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(56.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xd39 y1e80 w72b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(83.8)<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls3b ws44 gseed\">(b<span class=\"_ _9\"></span>) T<span class=\"_ _a\"></span>ransactions wit<span class=\"_ _9\"></span>h associat<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls3b ws44 gseee\">Cer<span class=\"_ _7\"></span>tain companies wit<span class=\"_ _9\"></span>hin the Gr<span class=\"_ _9\"></span>oup conduct insurance and<span class=\"_ _9\"></span> other business wit<span class=\"_ _9\"></span>h associat<span class=\"_ _9\"></span>es. These transact<span class=\"_ _9\"></span>ions arise in t<span class=\"_ _9\"></span>he </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gseef\">nor<span class=\"_ _7\"></span>mal cou<span class=\"_ _7\"></span>rse of obta<span class=\"_ _7\"></span>ining in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce busi<span class=\"_ _7\"></span>ness th<span class=\"_ _7\"></span>rough bro<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rages, an<span class=\"_ _7\"></span>d are base<span class=\"_ _7\"></span>d on ar<span class=\"_ _7\"></span>m<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s leng<span class=\"_ _7\"></span>th arra<span class=\"_ _7\"></span>ngem<span class=\"_ _7\"></span>ents.<span class=\"_ _304\"> </span></div><div class=\"gsef0\"><table class=\"s w72c he5\" id=\"_acf0e9a4-6bad-4e24-90c7-4f3c5d16fc45\"><tr><td></td><td class=\"t m0 x1fb h43 y220e ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y220e ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y220f ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y220f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1e8e w72d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance r<span class=\"_ _9\"></span>evenue achie<span class=\"_ _9\"></span>ved thr<span class=\"_ _9\"></span>ough associat<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n xd3a y1e8e w72e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xd3b y1e8e w1dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w72f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Com<span class=\"_ _7\"></span>missi<span class=\"_ _7\"></span>on expe<span class=\"_ _7\"></span>nse cha<span class=\"_ _7\"></span>rged by as<span class=\"_ _7\"></span>sociates<span class=\"_ _304\"> </span></div></td><td class=\"c n xd3c y1e80 w3f6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xd3d y1e80 w59b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.5<span class=\"_ _304\"> </span></div></td></tr></table></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsef1\">The<span class=\"_ _7\"></span>re were no mater<span class=\"_ _7\"></span>ial ou<span class=\"_ _7\"></span>tstandi<span class=\"_ _7\"></span>ng bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet am<span class=\"_ _7\"></span>ounts with a<span class=\"_ _7\"></span>ssoc<span class=\"_ _7\"></span>iates.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsef2\">Deta<span class=\"_ _7\"></span>ils of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s assoc<span class=\"_ _7\"></span>iates are gi<span class=\"_ _7\"></span>ven in note 1<span class=\"_ _a\"></span>3.<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc3 sc0 ls21 ws99 gsef3\">(<span class=\"_ _9\"></span>c)<span class=\"_ _9\"></span> Int<span class=\"_ _9\"></span>ernal<span class=\"_ _9\"></span> reins<span class=\"_ _9\"></span>urance<span class=\"_ _9\"></span> arrangemen<span class=\"_ _9\"></span>ts<span class=\"_ _304\"> </span></div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsef4\">Dur<span class=\"_ _7\"></span>ing the cu<span class=\"_ _7\"></span>rrent a<span class=\"_ _7\"></span>nd prio<span class=\"_ _7\"></span>r year<span class=\"_ _a\"></span>, th<span class=\"_ _7\"></span>ere were a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>nu<span class=\"_ _7\"></span>mber of re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce ar<span class=\"_ _7\"></span>rang<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nts entered into in the no<span class=\"_ _7\"></span>rmal c<span class=\"_ _7\"></span>ours<span class=\"_ _7\"></span>e of trade </div><div class=\"t m0 he ff5f fs7 fc2 sc0 ls38 ws41 gsef5\">bet<span class=\"_ _7\"></span>ween va<span class=\"_ _7\"></span>rious G<span class=\"_ _7\"></span>roup co<span class=\"_ _7\"></span>mpani<span class=\"_ _7\"></span>es. The re<span class=\"_ _7\"></span>lated resu<span class=\"_ _7\"></span>lts of these tra<span class=\"_ _7\"></span>nsac<span class=\"_ _7\"></span>tions have be<span class=\"_ _7\"></span>en eli<span class=\"_ _7\"></span>minated on co<span class=\"_ _7\"></span>nsoli<span class=\"_ _7\"></span>dation.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-408": {
   "value": "30 Related-par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y transactions<span class=\"_ _304\"> </span>Deta<span class=\"_ _7\"></span>ils of the remu<span class=\"_ _7\"></span>neratio<span class=\"_ _7\"></span>n of the Group\u2019<span class=\"_ _a\"></span>s key pe<span class=\"_ _7\"></span>rson<span class=\"_ _7\"></span>nel, pres<span class=\"_ _7\"></span>ented in Ster<span class=\"_ _7\"></span>ling, are sh<span class=\"_ _7\"></span>own in the an<span class=\"_ _7\"></span>nual re<span class=\"_ _7\"></span>por<span class=\"_ _7\"></span>t on rem<span class=\"_ _7\"></span>unerati<span class=\"_ _7\"></span>on 2023 on pages 1<span class=\"_ _a\"></span>1<span class=\"_ _9\"></span>2 t<span class=\"_ _9\"></span>o 1<span class=\"_ _a\"></span>22. A<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>numbe<span class=\"_ _7\"></span>r of the Group\u2019<span class=\"_ _9\"></span>s k<span class=\"_ _9\"></span>ey pe<span class=\"_ _7\"></span>rson<span class=\"_ _7\"></span>nel hol<span class=\"_ _7\"></span>d insura<span class=\"_ _7\"></span>nce co<span class=\"_ _7\"></span>ntracts wi<span class=\"_ _7\"></span>th the Group, all of whic<span class=\"_ _7\"></span>h are on nor<span class=\"_ _7\"></span>mal co<span class=\"_ _7\"></span>mmerci<span class=\"_ _7\"></span>al terms a<span class=\"_ _7\"></span>nd are not mater<span class=\"_ _7\"></span>ial in n<span class=\"_ _7\"></span>ature.<span class=\"_ _9\"></span> The follo<span class=\"_ _9\"></span>wing transact<span class=\"_ _9\"></span>ions were<span class=\"_ _9\"></span> conducted wit<span class=\"_ _9\"></span>h relat<span class=\"_ _9\"></span>ed par<span class=\"_ _7\"></span>ties<span class=\"_ _9\"></span> during the y<span class=\"_ _9\"></span>ear<span class=\"_ _a\"></span>.<span class=\"_ _304\"> </span>(a) Syndi<span class=\"_ _7\"></span>cate 33 at Lloyd\u2019<span class=\"_ _a\"></span>s<span class=\"_ _304\"> </span>Rel<span class=\"_ _7\"></span>at<span class=\"_ _9\"></span>ed<span class=\"_ _7\"></span>-par<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>y balan<span class=\"_ _7\"></span>ces b<span class=\"_ _7\"></span>etwee<span class=\"_ _7\"></span>n Group c<span class=\"_ _7\"></span>ompa<span class=\"_ _7\"></span>nies a<span class=\"_ _7\"></span>nd Syn<span class=\"_ _7\"></span>dicate 33 refle<span class=\"_ _7\"></span>ct the 27<span class=\"_ _e\"></span>.4<span class=\"_ _9\"></span>% interest (2022<span class=\"_ _9\"></span>:<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>2<span class=\"_ _9\"></span>7<span class=\"_ _20\"></span>.4<span class=\"_ _9\"></span>%<span class=\"_ _9\"></span>) that the Group d<span class=\"_ _7\"></span>oes not own, and a<span class=\"_ _7\"></span>re as follows:<span class=\"_ _304\"> </span><table class=\"s w723 he4\" id=\"_89b4c426-b50b-485c-967d-295a12bb9c06\"><tr><td></td><td></td><td class=\"t m0 xd1f h43 y2207 ff64 fs28 fc2 sc0 lse6 ws138\">T<span class=\"_ _9\"></span>ransactions in </td><td></td><td class=\"t m0 x1ff h43 y2207 ff64 fs28 fc2 sc0 lse6 ws12d\">Balances<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xd20 h43 y2208 ff64 fs28 fc2 sc0 lse4 ws15d\">the i<span class=\"_ _7\"></span>nco<span class=\"_ _7\"></span>me st<span class=\"_ _7\"></span>atem<span class=\"_ _7\"></span>ent</td><td></td><td class=\"t m0 x44e h43 y2208 ff64 fs28 fc2 sc0 lse6 ws253\"> outstanding<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xd21 h43 y2209 ff64 fs28 fc2 sc0 lse4 ws15d\">for<span class=\"_ gseec\"> </span>the yea<span class=\"_ _7\"></span>r end<span class=\"_ _7\"></span>ed<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 xd22 h43 y2209 ff64 fs28 fc2 sc0 lse6 ws138\">receivable/(payable)<span class=\"_ _9\"></span> at<span class=\"_ _304\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xd23 h44 y220a ff5f fs28 fc2 sc0 lsa0 ws1e0\">3<span class=\"_ _9\"></span>1 December<span class=\"_ _304\"> </span></td><td></td><td class=\"t m0 xd24 h44 y220a ff5f fs28 fc2 sc0 lsa0 ws1e0\">3<span class=\"_ _9\"></span>1 December<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x51e h43 y220b ff64 fs28 fc2 sc0 ls145 ws1dc\">31<span class=\"_ _9\"></span> December<span class=\"_ _304\"> </span></td><td class=\"t m0 xd25 h44 y220b ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td><td class=\"t m0 xd26 h43 y220b ff64 fs28 fc2 sc0 ls145 ws1dc\">31<span class=\"_ _9\"></span> December<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y220b ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 xd27 h43 y220c ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x44d h44 y220c ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fb h43 y220c ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1ff h44 y220c ff5f fs28 fc2 sc0 lse6 ws12d\">(restated)<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x499 h43 y220d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x929 h44 y220d ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x201 h43 y220d ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y220d ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y2015 w708 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls39 ws43\">Hiscox<span class=\"_ _9\"></span> Syndicates Limited<span class=\"_ _304\"> </span></div></td><td class=\"c n xd28 y2015 w6b0 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls15d ws211\">24<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2<span class=\"_ _304\"> </span></div></td><td class=\"c n xd29 y2015 w3aa h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">6.5<span class=\"_ _304\"> </span></div></td><td class=\"c n xd2a y2015 w724 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">23.3<span class=\"_ _304\"> </span></div></td><td class=\"c n x856 y2015 w39 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">5.9<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y2016 w725 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Hisc<span class=\"_ _7\"></span>ox Group insu<span class=\"_ _7\"></span>ranc<span class=\"_ _7\"></span>e carr<span class=\"_ _7\"></span>ier<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xd2b y2016 w4d9 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsea ws133\">2<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>.7<span class=\"_ _304\"> </span></div></td><td class=\"c n xd2c y2016 w1df h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsab wsc8\">11<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n xd2d y2016 w653 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb1 wsce\">(<span class=\"_ _2c\"></span>7<span class=\"_ _8\"></span>5<span class=\"_ _2c\"></span>.1<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td><td class=\"c n xd2e y2016 wcd h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls75 ws11a\">(83.5)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1f86 w726 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3c ws45\">Hiscox Gr<span class=\"_ _9\"></span>oup insurance intermediarie<span class=\"_ _7\"></span>s<span class=\"_ _304\"> </span></div></td><td class=\"c n xd2f y1f86 w727 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">7.<span class=\"_ _8\"></span>4<span class=\"_ _304\"> </span></div></td><td class=\"c n xd30 y1f86 wa3 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa2 wsbc\">5<span class=\"_ _2c\"></span>.1<span class=\"_ _304\"> </span></div></td><td class=\"c n xd31 y1f86 w47a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsff ws14e\">(4<span class=\"_ _7\"></span>.<span class=\"_ _7\"></span>2)<span class=\"_ _304\"> </span></div></td><td class=\"c n xd32 y1f86 w362 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls51 ws124\">(4<span class=\"_ _7\"></span>.6<span class=\"_ _7\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e8e w728 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Other Hisco<span class=\"_ _9\"></span>x Group companies<span class=\"_ _304\"> </span></div></td><td class=\"c n xd33 y1e8e w106 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsa2 wsbc\">4<span class=\"_ _7\"></span>7.<span class=\"_ _2c\"></span>6<span class=\"_ _304\"> </span></div></td><td class=\"c n xd34 y1e8e w4d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsb2 wscf\">44.<span class=\"_ _7\"></span>5<span class=\"_ _304\"> </span></div></td><td class=\"c n x81b y1e8e w4d h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls85 ws9b\">(0.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xd35 y1e8e w729 h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsa3 wsbe\">(1.<span class=\"_ _8\"></span>6<span class=\"_ _8\"></span>)<span class=\"_ _304\"> </span></div></td></tr><tr><td></td><td class=\"c n xd36 y1e80 w225 h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsb5 wsd2\">99.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xd37 y1e80 w72a h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls8 ws4\">67<span class=\"_ _20\"></span>.6<span class=\"_ _304\"> </span></div></td><td class=\"c n xd38 y1e80 w26a h90\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 ls6d wsc4\">(56.3)<span class=\"_ _304\"> </span></div></td><td class=\"c n xd39 y1e80 w72b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">(83.8)<span class=\"_ _304\"> </span></div></td></tr></table>(b<span class=\"_ _9\"></span>) T<span class=\"_ _a\"></span>ransactions wit<span class=\"_ _9\"></span>h associat<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span>Cer<span class=\"_ _7\"></span>tain companies wit<span class=\"_ _9\"></span>hin the Gr<span class=\"_ _9\"></span>oup conduct insurance and<span class=\"_ _9\"></span> other business wit<span class=\"_ _9\"></span>h associat<span class=\"_ _9\"></span>es. These transact<span class=\"_ _9\"></span>ions arise in t<span class=\"_ _9\"></span>he nor<span class=\"_ _7\"></span>mal cou<span class=\"_ _7\"></span>rse of obta<span class=\"_ _7\"></span>ining in<span class=\"_ _7\"></span>suran<span class=\"_ _7\"></span>ce busi<span class=\"_ _7\"></span>ness th<span class=\"_ _7\"></span>rough bro<span class=\"_ _7\"></span>k<span class=\"_ _9\"></span>e<span class=\"_ _7\"></span>rages, an<span class=\"_ _7\"></span>d are base<span class=\"_ _7\"></span>d on ar<span class=\"_ _7\"></span>m<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s leng<span class=\"_ _7\"></span>th arra<span class=\"_ _7\"></span>ngem<span class=\"_ _7\"></span>ents.<span class=\"_ _304\"> </span><table class=\"s w72c he5\" id=\"_acf0e9a4-6bad-4e24-90c7-4f3c5d16fc45\"><tr><td></td><td class=\"t m0 x1fb h43 y220e ff64 fs28 fc2 sc0 ls9f wsb8\">2023<span class=\"_ _304\"> </span></td><td class=\"t m0 x1fc h44 y220e ff5f fs28 fc2 sc0 lsa1 wsba\">2022<span class=\"_ _304\"> </span></td></tr><tr><td></td><td class=\"t m0 x201 h43 y220f ff64 fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td><td class=\"t m0 x202 h44 y220f ff5f fs28 fc2 sc0 lsa0 wsb9\">$m<span class=\"_ _304\"> </span></td></tr><tr><td class=\"c n x1b7 y1e8e w72d h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls3b ws44\">Insurance r<span class=\"_ _9\"></span>evenue achie<span class=\"_ _9\"></span>ved thr<span class=\"_ _9\"></span>ough associat<span class=\"_ _9\"></span>es<span class=\"_ _304\"> </span></div></td><td class=\"c n xd3a y1e8e w72e h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsaf wscc\">10.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xd3b y1e8e w1dc h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsad wsca\">14<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>0<span class=\"_ _304\"> </span></div></td></tr><tr><td class=\"c n x1b7 y1e80 w72f h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 ls38 ws41\">Com<span class=\"_ _7\"></span>missi<span class=\"_ _7\"></span>on expe<span class=\"_ _7\"></span>nse cha<span class=\"_ _7\"></span>rged by as<span class=\"_ _7\"></span>sociates<span class=\"_ _304\"> </span></div></td><td class=\"c n xd3c y1e80 w3f6 h93\"><div class=\"t m0 x1b6 he y1e4a ff64 fs7 fc2 sc0 lsde ws144\">2.<span class=\"_ _7\"></span>9<span class=\"_ _304\"> </span></div></td><td class=\"c n xd3d y1e80 w59b h92\"><div class=\"t m0 x1b6 he y1e4a ff5f fs7 fc2 sc0 lsd4 wsfa\">3.5<span class=\"_ _304\"> </span></div></td></tr></table>The<span class=\"_ _7\"></span>re were no mater<span class=\"_ _7\"></span>ial ou<span class=\"_ _7\"></span>tstandi<span class=\"_ _7\"></span>ng bala<span class=\"_ _7\"></span>nce sh<span class=\"_ _7\"></span>eet am<span class=\"_ _7\"></span>ounts with a<span class=\"_ _7\"></span>ssoc<span class=\"_ _7\"></span>iates.<span class=\"_ _304\"> </span>Deta<span class=\"_ _7\"></span>ils of the Grou<span class=\"_ _7\"></span>p<span class=\"_ _9\"></span>\u2019<span class=\"_ _9\"></span>s assoc<span class=\"_ _7\"></span>iates are gi<span class=\"_ _7\"></span>ven in note 1<span class=\"_ _a\"></span>3.<span class=\"_ _304\"> </span>(<span class=\"_ _9\"></span>c)<span class=\"_ _9\"></span> Int<span class=\"_ _9\"></span>ernal<span class=\"_ _9\"></span> reins<span class=\"_ _9\"></span>urance<span class=\"_ _9\"></span> arrangemen<span class=\"_ _9\"></span>ts<span class=\"_ _304\"> </span>Dur<span class=\"_ _7\"></span>ing the cu<span class=\"_ _7\"></span>rrent a<span class=\"_ _7\"></span>nd prio<span class=\"_ _7\"></span>r year<span class=\"_ _a\"></span>, th<span class=\"_ _7\"></span>ere were a<span class=\"_ gs2e8\"> </span><span class=\"_ _a\"></span>nu<span class=\"_ _7\"></span>mber of re<span class=\"_ _7\"></span>insura<span class=\"_ _7\"></span>nce ar<span class=\"_ _7\"></span>rang<span class=\"_ _7\"></span>eme<span class=\"_ _7\"></span>nts entered into in the no<span class=\"_ _7\"></span>rmal c<span class=\"_ _7\"></span>ours<span class=\"_ _7\"></span>e of trade bet<span class=\"_ _7\"></span>ween va<span class=\"_ _7\"></span>rious G<span class=\"_ _7\"></span>roup co<span class=\"_ _7\"></span>mpani<span class=\"_ _7\"></span>es. The re<span class=\"_ _7\"></span>lated resu<span class=\"_ _7\"></span>lts of these tra<span class=\"_ _7\"></span>nsac<span class=\"_ _7\"></span>tions have be<span class=\"_ _7\"></span>en eli<span class=\"_ _7\"></span>minated on co<span class=\"_ _7\"></span>nsoli<span class=\"_ _7\"></span>dation.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-17": {
   "value": "31 P<span class=\"_ _9\"></span>ost balance sheet event<span class=\"_ _304\"> </span>The<span class=\"_ _7\"></span>re are no mater<span class=\"_ _7\"></span>ial events th<span class=\"_ _7\"></span>at have occur<span class=\"_ _7\"></span>red af<span class=\"_ _7\"></span>ter the rep<span class=\"_ _7\"></span>or<span class=\"_ _7\"></span>ting date.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:5493007JXOLJ0QCY2D70",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  }
 }
}