11. 11.1 Remaining coverage component Incurred claims component Total 1 029 281 1 310 – 720 720 (645) – (645) – 7 7 (645) 727 82 (113) – (113) (758) 727 (31) 673 – 673 – (473) (473) 673 (473) 200 944 535 1 479 Remaining coverage component Incurred claims component Total 1 011 436 1 447 – 466 466 (639) – (639) – (1) (1) (639) 465 (174) 52 – 52 (586) 465 (121) – (14) (14) 604 – 604 – (607) (607) 604 (607) (3) 1 029 281 1 310 Finance income from reinsurance contracts Total amounts recognised in profit or loss Cash flows Total cash flows Reinsurance contract assets as at 31 December 2022 R'm Finance income from reinsurance contracts Total amounts recognised in profit or loss Cash flows Premium paid net of ceding commissions and other directly attributable expenses Recoveries from reinsurance Reinsurance contract assets as at 1 January Incurred claims recovery Reinsurance expenses Changes in incurred claims risk adjustment Net income/(expenses) from reinsurance contracts held Reinsurance contract assets as at 1 January Incurred claims recovery Reinsurance expenses Changes in incurred claims risk adjustment Net income/(expenses) from reinsurance contracts held Reinsurance contract assets The following table presents the reconciliation from the opening to closing balances of the net asset for the remaining coverage and the assets for incurred claims recoverable from reinsurance. 2023 R'm Reconciliation of the remaining coverage and incurred claims Premium paid net of ceding commissions and other directly attributable expenses Recoveries from reinsurance Total cash flows Reinsurance contract assets as at 31 December Non-cash reinsurance movement Other movements NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued) for the year ended 31 December 2023 165 Notes to the Consolidated Financial Statements
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