PPS Integrated Report 2021 Notes to the Consolidated Financial Statements | 168 Notes to the Consolidated Financial Statements (continued) for the year ended 31 December 2021 13.2 Movements in long-term insurance policy liabilities and re-insurance assets – Long-term insurance contracts with and without DPF Group 2021 2020 Gross Reinsurance Net Gross Reinsurance 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) 27 – 27 26 – 26 – Unintimated claims (IBNR) 150 8 142 77 6 71 – Non-DPF liabilities 5 121 (51) 5 172 3 906 (67) 3 973 – Cessation benefits (notified claims) 295 – 295 229 – 229 – DPF liabilities 29 467 – 29 467 28 975 – 28 975 Life policies – Claims payable – (notified claims) 266 – 266 116 – 116 – Unintimated claims (IBNR) 91 25 66 51 5 46 Total at beginning of the year 35 417 (18) 35 435 33 380 (56) 33 436 Change in Insurance policy liabilities per Statement of Comprehensive Income 3 942 104 3 838 1 729 38 1 691 Transfer to Revaluation Reserve (4) – (4) (1) – (1) Movement in claims liabilities – – – – arising from current year claims 123 – 123 160 – 160 – arising from prior year claims 143 – 143 149 – 149 Total movement in insurance policy liabilities 4 204 104 4 100 2 037 38 1 999 13. LONG-TERM INSURANCE POLICY LIABILITIES, AND PPS PROFIT-SHARE ACCOUNTS (continued)
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