2020 INTEGRATED REPORT

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) for the year ended 31 December 2020 36. MANAGEMENT OF RISKS (continued) 36.3 Financial risk management (continued) Concentrations of credit risk The maximum exposure to credit risk for its financial assets, including unit trusts, at the reporting date by credit rating category was as follows: Below AAA Below A Group 2020 AAA and but no lower but no lower BBB- and R'm Government than A than BBB- Below Unrated Total Debt securities* 11 373 7 785 198 649 219 20 224 Reinsurance assets – 43 – – – 43 Insurance receivables – – – – 232 232 Cash and cash equivalents* 17 2 305 661 39 74 3 096 Other receivables – – – – 534 534 Reinsurance receivables – 197 – – – 197 * Including assets held in unit trust funds Below AAA Below A Group 2019 AAA and But no lower but no lower BBB- and R'm Government than A than BBB- Below Unrated Total Debt securities* 8 715 6 962 2 281 211 19 18 188 Reinsurance assets – 18 – – – 18 Insurance receivables – – – – 123 123 Cash and cash equivalents* 208 2 945 176 – – 3 329 Other receivables – – – – 290 290 Reinsurance receivables – 145 – – – 145 * Including assets held in unit trust funds Ageing of financial assets The following table provides information regarding the credit quality of assets which expose the Group to credit risk: Financial assets that are past due Group 2020 Neither past due nor Between 0 – 2 Between 2 – 5 More than Carrying R’m impaired months months 5 months value Insurance receivables 135 3 4 90 232 Reinsurance assets 43 – – – 43 Reinsurance receivables 164 22 3 8 197 Other receivables 462 69 2 1 534 Cash and cash equivalents 3 096 – – – 3 096 192 | PPS INTEGRATED REPORT 2020