Label: |
Components of experience profit or loss - mortality (net of reinsurance) |
Concept Guidance: |
Report the changes to the Experience Profit or Loss for the period in relation to Mortality, net of reinsurance.The total Experience Profit or Loss is the profit or loss arising in the period from differences between the actual experience during the period and the expected experience on the basis of the Best Estimate Assumptions at the beginning of the period.Mortality component is related to the likelihood of the death of policy owners.Best Estimate Assumptions are assumptions about future experience determined in accordance with relevant actuarial valuation standards.
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Form-Specifc Guidance: |
For participating business this is the value of current period shareholder profits as per prudential standards.
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