2020 INTEGRATED REPORT

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) for the year ended 31 December 2020 Lease liabilities – Maturity analysis Carrying amount Contractual undiscounted cash flows Group Total cash Within 2 – 5 R’m flows 1 year years 2020 65 74 25 49 2019 75 94 28 66 21. NET INSURANCE PREMIUM REVENUE Group 2020 2019 R’m R’m Individual premiums from policyholders 5 331 4 965 Long-term 5 120 4 770 Short-term 211 195 Group reinsurance premiums inwards 6 8 Long-term 4 6 Short-term 2 2 Premium revenue arising from insurance contracts issued 5 337 4 973 Individual premium revenue ceded to reinsurers on insurance contracts issued (439) (366) Long-term (412) (355) Short-term (27) (11) Total net insurance premium revenue 4 898 4 607 Long-term 4 712 4 422 Short-term 186 185 20. INSURANCE AND OTHER PAYABLES (continued) 168 | PPS INTEGRATED REPORT 2020