PPS Integrated Report 2021 Notes to the Consolidated Financial Statements | 162 Notes to the Consolidated Financial Statements (continued) for the year ended 31 December 2021 7. REINSURANCE ASSETS AND LIABILITIES Group 2021 2020 R’m R’m Reinsurance Assets Total assets arising from reinsurance contracts at beginning of the year 43 18 Reinsurers’ share of long-term insurance policy liabilities (note 13.2) 104 – Reinsurers’ share of short-term insurance policy liabilities (note 14.2) 40 25 Transfer from reinsurance liabilities (22) – Total assets arising from reinsurance contracts at end of the year 165 43 Non-current 165 43 Reinsurance Liabilities Total liabilities arising from reinsurance contracts at beginning of the year (22) (62) Transfer to reinsurance assets 22 – Reinsurers' share of long-term insurance policy liabilities (note 13.2) – 40 Total liabilities arising from reinsurance contracts at end of the year – (22) Non-current – (22) Net Reinsurance assets/(liabilities) per Group entity: Professional Provident Society Insurance Company Limited 79 (22) Professional Provident Society Insurance Company (Namibia) Limited 7 5 Professional Provident Society Short-Term Insurance Company Limited 79 38 Total net assets arising from reinsurance contracts at end of the year 165 21 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 8).
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