a.s.r. annual report 2022

Segmented balance sheet

As at 31 December 2022	Non-life	Life	Asset Management	Distribution and Services	Holding and Other	Eliminations	Total
Intangible assets	78	116	41	183	-	-	418
Property, plant and equipment	-	637	-	13	238	-209	679
Investment property	49	616	-	-	-	-	664
Associates and joint ventures at equity method	-	3	-	9	66	-	79
Investments	6,077	17,459	-	-	5,295	-3,193	25,640
Investments on behalf of policyholders	-	9,912	-	-	-	-	9,912
Investments related to investment contracts	-	2,000	-	-	-	-	2,000
Loans and receivables	2,394	14,938	19	50	132	-361	17,171
Derivatives	185	5,240	-	-	3	-	5,428
Deferred tax assets	-	283	-	-	-	-164	119
Reinsurance contracts	212	145	-	-	-	-	357
Other assets	140	646	29	15	-	-2	828
Cash and cash equivalents	262	1,720	85	46	132	-	2,245
Total assets	9,397	53,715	174	317	5,865	-3,929	65,539

Equity attributable to holders of equity instruments	1,698	4,663	150	46	360	-192	6,726
Non-controlling interests	4	22	-	-	1	-	27
Total equity	1,702	4,685	150	46	361	-192	6,753

Subordinated liabilities	71	-	-	-	1,980	-71	1,980
Liabilities arising from insurance contracts	7,027	25,184	-	-	-	-2,579	29,633
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
Provisions	1	13	-	-	4	-	18
Borrowings	-	199	-	199	307	-491	214
Derivatives	315	5,208	-	-	-	-	5,523
Deferred tax liabilities	82	-	6	9	134	-231	-
Due to customers	108	679	-	21	-	-338	471
Due to banks	21	2,163	-	-	78	-	2,262
Other liabilities	70	576	18	41	260	-28	938
Total liabilities	7,695	49,030	24	271	5,504	-3,737	58,787

Total equity and liabilities	9,397	53,715	174	317	5,865	-3,929	65,539

Additions to
Intangible assets	-	1	6	18	-	-	25
Property and equipment	-	169	-	5	5	-	179
Total additions	-	170	6	22	5	-	204

Segmented balance sheet

As at 31 December 2021	Non-life	Life	Asset Management	Distribution and Services	Holding and Other	Eliminations	Total
Intangible assets	96	125	35	172	-	-	428
Property, plant and equipment	-	512	-	12	249	-216	556
Investment property	285	1,768	-	-	-	-	2,052
Associates and joint ventures at equity method	-	23	-	9	69	-	102
Investments	7,578	25,398	-	-	3,881	-3,308	33,550
Investments on behalf of policyholders	-	11,574	-	-	-	-	11,574
Investments related to investment contracts	-	1,952	-	-	-	-	1,952
Loans and receivables	1,557	13,842	18	45	134	-336	15,259
Derivatives	124	6,088	-	-	-	-	6,212
Deferred tax assets	-	22	-	-	58	-80	-
Reinsurance contracts	263	154	-	-	-	-	417
Other assets	137	412	24	-5	65	-2	631
Cash and cash equivalents	109	2,005	83	48	62	-	2,306
Total assets	10,150	63,874	160	280	4,517	-3,942	75,040

Equity attributable to holders of equity instruments	2,420	5,876	141	164	-1,122	-112	7,366
Non-controlling interests	3	15	-	-	-	-	18
Total equity	2,423	5,891	141	164	-1,121	-112	7,385

Subordinated liabilities	45	-	-	-	992	-45	992
Liabilities arising from insurance contracts	7,051	33,621	-	-	-	-2,874	37,797
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
Provisions	1	14	-	-	9	-	24
Borrowings	-	175	-	47	433	-463	192
Derivatives	64	695	-	-	1	-	759
Deferred tax liabilities	174	-	5	9	-	-119	69
Due to customers	99	746	-	24	-	-296	573
Due to banks	88	5,549	-	-	105	-	5,741
Other liabilities	206	666	14	36	86	-32	976
Total liabilities	7,727	57,983	19	116	5,639	-3,830	67,655

Total equity and liabilities	10,150	63,874	160	280	4,517	-3,942	75,040

Additions to
Intangible assets	-	71	28	23	-	-	122
Property and equipment	-	370	-	3	14	-	387
Total additions	-	440	28	27	14	-	508