Investor Presentaiton
Reserve strengthening, actions to
mitigate future impacts
Prior period reserve movements ($m)
36
19
19
-20
-1
-34
-17
-85
-89
-134
IIA prior period strengthening
2H22 strengthening driven by commercial
liability due to:
Late reported medium to large claims,
notably worker injury claims in 2017 and
2018 accident years
High levels of claims inflation
Strengthening of silicosis exposures
Addressing the issue
Recent observed experience and trends in
2017 and 2018 accident years has been
extrapolated into more recent accident
years
Pricing and underwriting adjustments to
mitigate future impacts
Strengthened reserving does not assume
any benefit from pricing and underwriting
adjustments in recent years
2H20
1H21
2H21
1H22
2H22
Other divisions
ΠΙΑ
15
FY22 Results | 12 August 2022
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