PET - Plain English Taxonomy

Attribute:	PL14063
Concept:	Expense Insurance Operating Expenses Total Amount
Label:	Total Operating Expenses
Concept Guidance:	This is the value, during the relevant period, for the total operating expenses classified in accordance with the requirements. They include- policy acquisition and maintenance expenses;- investment management expenses; - acquisition expenses reported as movement in policy liability; - other administration expenses;- interest expenses; and - general insurance expenses.
Form-Specifc Guidance:	Abnormal operating expenses are not to be excluded or shown separately, but included in the relevant category. Policy acquisition items are prior to any component deferred to either policy liabilities or a deferred acquisition cost asset.

Dimensions

Dimension	Member	Description
LifeFundSegmentsDimension	(GeneralFundEliminations)	Life companies and friendly societies are required to segregate their business activities into that which is conducted for life insurance and that which is for internal operations of the company. This dimension identifies these business segments. The information reported represents the general fund eliminations of the reporting entity. Report the transactions between the general fund and statutory funds of the reporting life company, or between the general fund and approved benefit funds of the reporting friendly society.The general fund represents the business activities of the entity, other than those within the statutory funds of life companies and approved benefit funds of friendly societies.

Dimension

Member

Description

LifeFundSegmentsDimension

(GeneralFundEliminations)

Life companies and friendly societies are required to segregate their business activities into that which is conducted for life insurance and that which is for internal operations of the company. This dimension identifies these business segments.
The information reported represents the general fund eliminations of the reporting entity. Report the transactions between the general fund and statutory funds of the reporting life company, or between the general fund and approved benefit funds of the reporting friendly society.The general fund represents the business activities of the entity, other than those within the statutory funds of life companies and approved benefit funds of friendly societies.