PET - Plain English Taxonomy

LRF_200_0: Capital Adequacy Supplementary Information
Effective date: 1 July 2016
Australian Business Number Institution Name
  Life insurers
Reporting Period Scale Factor
Quarterly / Annual Thousands
Reporting Consolidation
Statutory fund
Section 1: Capital base - Liability adjustments
1. Past premium liabilities
  Pre-insurance stress
Product group Annuity and investment liability value CICP Reserve RBNA Reserve IBNR Reserve Unearned premium reserve Total past premium liabilities  
  (1) (2) (3) (4) (5) (6)
L3. Annuity with Longevity Risk
L4. Individual Lump Sum Risk
L5. Individual Disability Income Insurance
L6. Group Lump Sum Risk
L7. Group Disability Income Insurance
L8. Investment Linked
L10. Other Non-par Investment Policy
L11. Annuity without Longevity Risk
L12. Other
  Post-insurance stress
Product group Annuity and investment liability value CICP Reserve RBNA Reserve IBNR Reserve Unearned premium reserve Stressed past premium liabilities
  (7) (8) (9) (10) (11) (12)
L3. Annuity with Longevity Risk
L4. Individual Lump Sum Risk
L5. Individual Disability Income Insurance
L6. Group Lump Sum Risk
L7. Group Disability Income Insurance
L8. Investment Linked
L10. Other Non-par Investment Policy
L11. Annuity without Longevity Risk
L12. Other
2. Future premium liabilities
  Pre-insurance stress
  As at reporting date As at 12 months after reporting date
(Discounted to reporting date) (Discounted to reporting date)
Product group Risk-free present value of future claims Risk-free present value of future expenses Risk-free present value of future premiums Risk-free present value of other liability components Total future premium liabilities Risk-free present value of tax expenses Risk-free present value of net profit   Risk-free present value of future claims Risk-free present value of future expenses Risk-free present value of future premiums Risk-free present value of other liability components   Total future premium liabilities
  (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)
L3. Annuity with Longevity Risk
L4. Individual Lump Sum Risk
L5. Individual Disability Income Insurance
L6. Group Lump Sum Risk
L7. Group Disability Income Insurance
L8. Investment Linked
L10. Other Non-par Investment Policy
L11. Annuity without Longevity Risk
L12. Other
  Post-insurance stress
  As at reporting date As at 12 months after reporting date
(Discounted to reporting date) (Discounted to reporting date)
Product group Risk-free present value of future claims Risk-free present value of future expenses Risk-free present value of future premiums Risk-free present value of other liability components Stressed future premium liabilities Risk-free present value of future claims Risk-free present value of future expenses Risk-free present value of future premiums Risk-free present value of other liability components Stressed future premium liabilities
  (13) (14) (15) (16) (17) (18) (19) (20) (21) (22)
L3. Annuity with Longevity Risk
L4. Individual Lump Sum Risk
L5. Individual Disability Income Insurance
L6. Group Lump Sum Risk
L7. Group Disability Income Insurance
L8. Investment Linked
L10. Other Non-par Investment Policy
L11. Annuity without Longevity Risk
L12. Other
3. Components of adjusted policy liabilities
Product group Total past premium liabilities Premium refund in excess of UPR Other components of termination value Total termination value Total future premium liabilities Risk-free best estimate of liabilities
  (1) (2) (3) (4) (5) (6)
L3. Annuity with Longevity Risk
L4. Individual Lump Sum Risk
L5. Individual Disability Income Insurance
L6. Group Lump Sum Risk
L7. Group Disability Income Insurance
L8. Investment Linked
L10. Other Non-par Investment Policy
L11. Annuity without Longevity Risk
L12. Other
Section 2: Insurance risk charge
1. Impact of stress margins - participating benefits business
Valuation date
  Pre-diversification  
  Mortality Morbidity        
Product group Random Future Random Future Event Longevity Total stress by product group Total stress by product group Post-diversification
  (1) (2) (3) (4) (5) (6) (7) (8)
L1 - Conventional Participating
L2 - Participating Investment Account
L12 - Other
2. Impact of stress margins - non-participating benefits business
Valuation date
  Pre-diversification  
  Mortality Morbidity        
Product group Random Future Random Future Event Longevity Total stress by product group Total stress by product group Post-diversification
  (1) (2) (3) (4) (5) (6) (7) (8)
L3 - Annuity with Longevity Risk
L4 - Individual Lump Sum Risk
L5 - Individual Disability Income Insurance
L6 - Group Lump Sum Risk
L7 - Group Disability Income Insurance
L8 - Investment-linked
L9 - Non-par Investment Policy with Discretionary Additions
L10 - Other non-par Investment Policy
L11 - Annuity without Longevity Risk
L12 - Other insured contingencies
3. Total impact of stress margins
  Pre-diversification  
  Mortality Morbidity        
  Random Future Random Future Event Longevity Total stress by product group Total stress by product group Post-diversification
  (1) (2) (3) (4) (5) (6) (7) (8)
Total participating benefits business
Total non-participating benefits business
Total
3.1. Insurance stress diversification factor
Section 3: Variable annuities
1. Variable annuity capital charge calculation
1.1. Capital requirement (excluding hedging)
1.2. Capital requirement (including hedging)
1.3. Diversification factor between asset and insurance risks
1.4. Effectiveness factor
1.5. Aggregate risk charge for variable annuities