2020 INTEGRATED REPORT

6. REINSURANCE ASSETS AND LIABILITIES Group 2020 2019 R’m R’m Reinsurance Assets Total assets arising from reinsurance contracts at beginning of the year 18 82 Reinsurers’ share of long-term insurance policy liabilities (note 12.2) – (2) Reinsurers’ share of short-term insurance policy liabilities (note 13.2) 25 12 Transfer to reinsurance liability – (74) Total assets arising from reinsurance contracts at end of the year 43 18 Non-current 43 18 Reinsurance Liabilities Total assets arising from reinsurance contracts at beginning of the year (62) – Transfer from reinsurance asset – 74 Reinsurers' share of long-term insurance policy liabilities (note 12.2) 40 (136) Total liabilities arising from reinsurance contracts at end of the year (22) (62) Non-current (22) (62) Net Reinsurance assets/(liabilities) per Group entity: Professional Provident Society Insurance Company Limited (22) (62) Professional Provident Society Insurance Company (Namibia) Limited 5 5 Professional Provident Society Short-Term Insurance Company Limited 38 13 Total net assets /(liabilities) arising from reinsurance contracts at end of the year 21 (44) Amounts due from reinsurers in respect of claims already paid by the Group on the contracts that are reinsured are included in Insurance and other receivables (note 7). PPS INTEGRATED REPORT 2020 | 151