PET - Plain English Taxonomy

LRF_400_0: Statement of Policy Liabilities
Australian Business Number Institution Name
  Life Insurers and Friendly Societies
Reporting Period Scale Factor  
Annual Thousands
Reporting Consolidation
Statutory fund
1. Policy liabilities - All statutory fund products
1.1. In force business and movements in gross contractual regular contributions over the year
Class of business Product group Policy count (actual number, not scaled) Member count (actual number, not scaled) Gross insurance amount, account balance or equivalent Reinsured insurance amount, account balance or equivalent Gross contractual regular contributions Reinsured contractual regular contributions Gross contractual regular contribution increases over the year Gross contractual regular contribution decreases due to claims and/or maturities Gross contractual regular contribution decreases due to voluntary discontinuance Other movements in Gross contractual regular contributions over the year
    (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
Australia - Ordinary Business F1. Education
Australia - Superannuation Business F2. Investment Account
Overseas - All Business F3. Annuity & Superannuation
  F4. Defined Benefit Risk
  F5. Capital Guaranteed Defined Contribution Funeral
  F6. Investment Linked
  L1. Conventional Participating
  L2. Participating Investment Account
  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
1.2. Components of gross policy liability
      Gross best estimate liability
Class of business Product group Basis Gross value of future policy benefits Gross value of future expenses Gross value of (balance of) future premiums Gross reduction in respect of unrecouped acquisition expenses Total gross best estimate liability Gross value of future profits: policy owner bonuses Gross value of future profits: shareholder profit margins Gross investment contract liability Gross management services asset or liability Gross policy liability
      (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
Australia - Ordinary Business F1. Education Last Year
Australia - Superannuation Business F2. Investment Account LY / TY
Overseas - All Business F3. Annuity & Superannuation This Year
  F4. Defined Benefit Risk
  F5. Capital Guaranteed Defined Contribution Funeral
  F6. Investment Linked
  L1. Conventional Participating
  L2. Participating Investment Account
  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
1.3. Components of reinsured policy liability and net policy liability
      Reinsured best estimate liability
Class of business Product group Basis Reinsured value of future policy benefits Reinsured value of future expenses Reinsured value of (balance of) future premiums Reinsured reduction in respect of unrecouped acquisition expenses Total reinsured best estimate liability Reinsured value of future profits: policy owner bonuses Reinsured value of future profits: s/h profit margins Reinsured investment contract liability Reinsured management services asset or liability Reinsured policy liability Net policy liability
      (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
Australia - Ordinary Business F1. Education Last Year
Australia - Superannuation Business F2. Investment Account LY / TY
Overseas - All Business F3. Annuity & Superannuation This Year
  F4. Defined Benefit Risk
  F5. Capital Guaranteed Defined Contribution Funeral
  F6. Investment Linked
  L1. Conventional Participating
  L2. Participating Investment Account
  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
1.4. Sundry items
 Class of business    Product group   Cost of previous year best estimate bonus Cost of current period best estimate bonus S/h profit margins on cost of current period best estimate bonus Gross policy liability in respect of inwards reinsurance Cost of declared bonus excl terminal, interim Amount of terminal bonus paid Amount of interim bonus paid Accumulated loss recognition at beginning of period Accumulated loss recognition at end of period Profit carrier or acquisition expense recovery carrier Percentage of profit carrier or acquisition expense recovery carrier
    (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
Australia - Ordinary Business F1. Education
Australia - Superannuation Business F2. Investment Account
Overseas - All Business F3. Annuity & Superannuation
  F4. Defined Benefit Risk
  F5. Capital Guaranteed Defined Contribution Funeral
  F6. Investment Linked
  L1. Conventional Participating
  L2. Participating Investment Account
  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
2. Totals by class of business and basis
2.1. In force business and movements in gross contractual regular contributions over the year
Policy count (actual number, not scaled) Member count (actual number, not scaled) Gross insurance amount, account balance or equivalent Reinsured insurance amount, account balance or equivalent Gross contractual regular contributions Reinsured contractual regular contributions Gross contractual regular contribution increases over the year Gross contractual regular contribution decreases due to claims and/or maturities Gross contractual regular contribution decreases due to voluntary discontinuance Other movements in Gross contractual regular contributions over the year
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
2.1.1. Australian business                    
2.1.1.1. Ordinary business
2.1.1.2. Superannuation business
2.1.1.3. Total Australian business
                   
2.1.2. Overseas - All business
                   
2.1.3. Total statutory fund business
2.2. Components of gross policy liability
Gross best estimate liability            
  Gross value of future policy benefits Gross value of future expenses Gross value of (balance of) future premiums Gross reduction in respect of unrecouped acquisition expenses Total gross best estimate liability Gross value of future profits: policy owner bonuses Gross value of future profits: shareholder profit margins Gross investment contract liability Gross management services asset or liability Gross policy liability
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
2.2.1. Australian business
2.2.1.1. Ordinary business                    
2.2.1.1.1.    This year
2.2.1.1.2.    LY / TY
2.2.1.1.3.    Last year
2.2.1.2. Superannuation business                    
2.2.1.2.1.    This year
2.2.1.2.2.    LY / TY
2.2.1.2.3.    Last year
2.2.1.3. Total Australian business                    
2.2.1.3.1.    This year
2.2.1.3.2.    LY / TY
2.2.1.3.3.    Last year
2.2.2. Overseas - All business                    
2.2.2.1. This year
2.2.2.2. LY / TY
2.2.2.3. Last year
2.2.3. Total statutory fund business
2.2.3.1. This year
2.2.3.2. LY / TY
2.2.3.3. Last year
2.3. Components of reinsured policy liability and net policy liability
  Reinsured best estimate liability              
  Reinsured value of future policy benefits Reinsured value of future expenses Reinsured value of (balance of) future premiums Reinsured reduction in respect of unrecouped acquisition expenses Total reinsured best estimate liability Reinsured value of future profits: policy owner bonuses Reinsured value of future profits: s/h profit margins Reinsured investment contract liability Reinsured management services asset or liability Reinsured policy liability Net policy liability
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
2.3.1. Australian business
2.3.1.1. Ordinary business                      
2.3.1.1.1.    This year
2.3.1.1.2.    LY / TY
2.3.1.1.3.    Last year
2.3.1.2. Superannuation business                      
2.3.1.2.1.    This year
2.3.1.2.2.    LY / TY
2.3.1.2.3.    Last year
2.3.1.3. Total Australian business                      
2.3.1.3.1.    This year
2.3.1.3.2.    LY / TY
2.3.1.3.3.    Last year
2.3.2. Overseas - All business                      
2.3.2.1. This year
2.3.2.2. LY / TY
2.3.2.3. Last year
2.3.3. Total statutory fund business
2.3.3.1. This year
2.3.3.2. LY / TY
2.3.3.3. Last year
2.4. Sundry items
Cost of previous year best estimate bonus Cost of current period best estimate bonus S/h profit margins on cost of current period best estimate bonus Gross policy liability in respect of inwards reinsurance Cost of declared bonus excl terminal, interim Amount of terminal bonus paid Amount of interim bonus paid Accumulated loss recognition at beginning of period Accumulated loss recognition at end of period Profit carrier or acquisition expense recovery carrier Percentage of profit carrier or acquisition expense recovery carrier
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
2.4.1. Australian business                      
2.4.1.1. Ordinary business
2.4.1.2. Superannuation business
2.4.1.3. Total Australian business
                     
2.4.2. Overseas - All business
                     
2.4.3. Total statutory fund business