2019 Integrated Report

PPS INTEGRATED REPORT 2019 | 127 Group 2019 2018 R'000 R'000 Maturity profile of fixed interest investments: Due in 1 year or less 1 158 536 1 216 759 Due between 1 year and 5 years 4 142 035 3 469 618 Due between 5 years and 10 years 1 407 586 1 439 626 Due after 10 years 3 853 970 3 230 298 10 562 127 9 356 301 There is no maturity profile for equity securities and unit trusts and management is unable to provide a reliable estimate given the volatility of equity markets. 6. REINSURANCE ASSETS AND LIABILITIES Group 2019 2018 R’000 R’000 Reinsurance Assets Total assets arising from reinsurance contracts at beginning of the year 82 346 99 825 Reinsurers’ share of long-term insurance policy liabilities (note 12.2) (1 707) (17 357) Reinsurers’ share of short-term insurance policy liabilities (note 13.2) 11 716 (122) Transfer to reinsurance liability (73 885) – Total assets arising from reinsurance contracts at end of the year 18 470 82 346 Non-current 18 470 82 346 Reinsurance Liabilities Transfer from reinsurance asset 73 885 – Reinsurers' share of long-term insurance policy liabilities (note 12.2) (136 268) – Total liabilities arising from reinsurance contracts at end of the year (62 383) – Non-current (62 383) – Net Reinsurance (liability)/asset per Group entity: Professional Provident Society Insurance Company Limited (62 383) 73 885 Professional Provident Society Insurance Company (Namibia) Limited 5 797 7 504 Professional Provident Society Short-Term Insurance Company Limited 12 673 957 Total net (liability)/assets arising from reinsurance contracts at end of the year (43 913) 82 346 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 7).