Annual Report 2022
6.4.2
Segmented balance sheet
Segmented balance sheet
As at 31 December 2022Non-lifeLifeAsset ManagementDistribution and ServicesHolding and OtherEliminationsTotal
Intangible assets7811641183--418
Property, plant and equipment-637-13238-209679
Investment property49616----664
Associates and joint ventures at equity method-3-966-79
Investments6,07717,459--5,295-3,19325,640
Investments on behalf of policyholders-9,912----9,912
Investments related to investment contracts-2,000----2,000
Loans and receivables2,39414,9381950132-36117,171
Derivatives1855,240--3-5,428
Deferred tax assets-283----164119
Reinsurance contracts212145----357
Other assets1406462915--2828
Cash and cash equivalents2621,7208546132-2,245
Total assets9,39753,7151743175,865-3,92965,539
Equity attributable to holders of equity instruments1,6984,66315046360-1926,726
Non-controlling interests422--1-27
Total equity1,7024,68515046361-1926,753
Subordinated liabilities71---1,980-711,980
Liabilities arising from insurance contracts7,02725,184----2,57929,633
Liabilities arising from insurance contracts on behalf of policyholders-13,007----13,007
Liabilities arising from investment contracts-2,000----2,000
Employee benefits----2,742-2,742
Provisions113--4-18
Borrowings-199-199307-491214
Derivatives3155,208----5,523
Deferred tax liabilities82-69134-231-
Due to customers108679-21--338471
Due to banks212,163--78-2,262
Other liabilities705761841260-28938
Total liabilities7,69549,030242715,504-3,73758,787
Total equity and liabilities9,39753,7151743175,865-3,92965,539
Additions to
Intangible assets-1618--25
Property and equipment-169-55-179
Total additions-1706225-204
Segmented balance sheet
As at 31 December 2021Non-lifeLifeAsset ManagementDistribution and ServicesHolding and OtherEliminationsTotal
Intangible assets9612535172--428
Property, plant and equipment-512-12249-216556
Investment property2851,768----2,052
Associates and joint ventures at equity method-23-969-102
Investments7,57825,398--3,881-3,30833,550
Investments on behalf of policyholders-11,574----11,574
Investments related to investment contracts-1,952----1,952
Loans and receivables1,55713,8421845134-33615,259
Derivatives1246,088----6,212
Deferred tax assets-22--58-80-
Reinsurance contracts263154----417
Other assets13741224-565-2631
Cash and cash equivalents1092,005834862-2,306
Total assets10,15063,8741602804,517-3,94275,040
Equity attributable to holders of equity instruments2,4205,876141164-1,122-1127,366
Non-controlling interests315----18
Total equity2,4235,891141164-1,121-1127,385
Subordinated liabilities45---992-45992
Liabilities arising from insurance contracts7,05133,621----2,87437,797
Liabilities arising from insurance contracts on behalf of policyholders-14,566----14,566
Liabilities arising from investment contracts-1,952----1,952
Employee benefits----4,013-4,013
Provisions114--9-24
Borrowings-175-47433-463192
Derivatives64695--1-759
Deferred tax liabilities174-59--11969
Due to customers99746-24--296573
Due to banks885,549--105-5,741
Other liabilities206666143686-32976
Total liabilities7,72757,983191165,639-3,83067,655
Total equity and liabilities10,15063,8741602804,517-3,94275,040
Additions to
Intangible assets-712823--122
Property and equipment-370-314-387
Total additions-440282714-508