2020 INTEGRATED REPORT

12.2 Movements in long-term insurance policy liabilities and re-insurance assets – Long-term insurance contracts with and without DPF Group 2020 2019 Gross Re- insurance Net Gross Re- insurance Net R’m R’m R’m R’m R’m R’m Analysis of balance at beginning of the year: Sickness and disability policies – Claims payable – (notified claims) 26 – 26 34 – 34 – Unintimated claims (IBNR) 77 6 71 70 6 64 – Non-DPF liabilities 3 906 (67) 3 973 4 505 71 4 434 – Cessation benefits (notified claims) 229 – 229 207 – 207 – DPF liabilities 28 975 – 28 975 26 073 – 26 073 Life policies – Claims payable – (notified claims) 116 – 116 187 – 187 – Unintimated claims (IBNR) 51 5 46 39 5 34 Total at beginning of the year 33 380 (56) 33 436 31 115 82 31 033 Change in Insurance policy liabilities per Statement of Comprehensive Income 1 729 38 1 691 2 298 (138) 2 436 Transfer (to)/from Revaluation Reserve (1) – (1) 8 – 8 Movement in claims liabilities – arising from current year claims 160 – 160 (92) – (92) – arising from prior year claims 149 – 149 51 – 51 Total movement in insurance policy liabilities 2 037 38 1 999 2 265 (138) 2 403 PPS INTEGRATED REPORT 2020 | 157