PPC1 Insurance Service Result pg 20.12 line 399, 20.14 line 399 vs 20.22 line 199

zhangjessicazhangjessica
in CCIR.Instructions

I am wondering if the insurance service result found on these pages relate to each other. If not, how do I interpret what each means?

Comments

  • Staff-T1Staff-T1

    20.12 is the LRC for GMM contracts.
    20.14 is the LRC for all contracts.
    20.22 is the consolidated statement.
    The ISR means the same thing for each page. It is just a different breakdown

  • ChristoRoyerChristoRoyer

    As you said, 20.12 and 20.14 are different becase of their breakdown.
    20.12 is shown by measurement component and 20.14 by LRC vs LIC

    Since 20.12 and 20.14 shows basically the same information, different breakdown (well, in 20.14 there are also PAA in addition), can we say that in 20.12, the Expected Present Value of Futur Cashflows is actually the sum of cashflows from LIC and LRC?

  • Staff-T1Staff-T1

    Well you can see in the financial statement that LIC(past service) and LRC (current service) are broken out and not combined

  • AndrewLAndrewL

    Hello,

    1. How do we know that 20.12 and 20.14 related to LRC and not LIC?]
    2. Since both 20.12 and 20.14 related to LRC, where are the corresponding sheets for LIC?
    3. Is LRC under 20.14 using PAA or GMM?

    Thanks,
    Andrew

  • Staff-T1Staff-T1
    1. 20.12 is for the LRC as there is no CSM for the LIC. 20.14 has got entries for both LIC and LRC
    2. 20.14 has information for both LIC and LRC
    3. Both GMM and PAA I think

    The headers in each of the pages should provide you the definition you need

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