9. 9.2 Insurance contracts 2023 R'm Life Risk: Participating Nonparticipating Total 248 78 326 621 9 630 869 87 956 (1 151) (183) (1 334) 282 3 285 – 93 93 – – – 2022 R'm Life Risk: Participating Life Risk: Nonparticipating Total 5 509 113 5 622 599 8 607 6 108 121 6 229 (6 621) (246) (6 867) 513 9 522 – 116 116 – – – Reinsurance contracts 2023 R'm Contacts without lossrecovery component Contracts initiated with loss-recovery component Total (642) – (642) 726 – 726 (26) – (26) (58) (58) – – – Contacts without lossrecovery component Contracts initiated with loss-recovery component Total (953) – (953) 1 073 – 1 073 (42) – (42) (78) – (78) – – – Estimates of present value of cash inflows Estimates of present value of cash outflows Risk adjustment for non-financial risk CSM Income recognised on initial recognition 2022 R'm Estimates of present value of cash inflows Risk adjustment for non-financial risk CSM Losses recognised on initial recognition Estimates of present value of cash inflows Estimates of present value of cash outflows Risk adjustment for non-financial risk CSM Income recognised on initial recognition Estimates of present value of cash outflows Profitable contracts Claims and other insurance service expenses payable Insurance acquisition cash flows Estimates of present value of cash outflows Estimates of present value of cash inflows Risk adjustment for non-financial risk CSM Losses recognised on initial recognition Profitable contracts Claims and other insurance service expenses payable Insurance acquisition cash flows The following tables summarise the effect on the measurement components arising from the initial recognition of insurance and reinsurance contracts for the year. Insurance contract liabilities and reinsurance contracts Effect of contracts initially recognised in the year NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued) for the year ended 31 December 2023 153 Notes to the Consolidated Financial Statements
RkJQdWJsaXNoZXIy MTY2ODY3Ng==