example20 2022-01-01 2022-12-31 example20 2021-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember ifrs-full:EstimatesOfPresentValueOfFutureCashFlowsMember example20 2021-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember ifrs-full:RiskAdjustmentForNonfinancialRiskMember example20 2021-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember ifrs-full:ContractualServiceMarginMember example20 2021-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember example20 2022-01-01 2022-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember ifrs-full:EstimatesOfPresentValueOfFutureCashFlowsMember example20 2022-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember ifrs-full:EstimatesOfPresentValueOfFutureCashFlowsMember example20 2022-01-01 2022-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember ifrs-full:RiskAdjustmentForNonfinancialRiskMember example20 2022-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember ifrs-full:RiskAdjustmentForNonfinancialRiskMember example20 2022-01-01 2022-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember ifrs-full:ContractualServiceMarginMember example20 2022-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember ifrs-full:ContractualServiceMarginMember example20 2022-01-01 2022-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember example20 2022-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember example20 2021-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember example20 2021-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:LossComponentMember example20 2021-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:LiabilitiesForIncurredClaimsMember example20 2021-12-31 ifrs-full:InsuranceContractsIssuedMember example20 2022-01-01 2022-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember example20 2022-01-01 2022-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:LossComponentMember example20 2022-01-01 2022-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:LiabilitiesForIncurredClaimsMember example20 2022-01-01 2022-12-31 ifrs-full:InsuranceContractsIssuedMember example20 2022-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember example20 2022-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:LossComponentMember example20 2022-12-31 ifrs-full:InsuranceContractsIssuedMember ifrs-full:LiabilitiesForIncurredClaimsMember example20 2022-12-31 ifrs-full:InsuranceContractsIssuedMember iso4217:GBP
IFRS Foundation

IFRS Accounting Taxonomy 2024 – Illustrative examples

IFRS 17 Insurance Contracts

Illustrative Examples - example 20

This document presents a selection of disclosures from the Illustrative Examples accompanying IFRS 17, to illustrate possible tagging using the IFRS Accounting Taxonomy. This document is not intended to provide interpretative guidance.

A possible format of the reconciliation of the insurance contract liability required by paragraph 101 of IFRS 17 is as follows:

Estimates of the present value of future cash flows Risk adjustment for non-financial risk Contractual service margin Insurance contract liability
CU CU CU CU
Opening balance 372 80 165 617
Insurance finance expenses 19 - 8 27
Changes related to future service 238 48 ( 173 ) 113
Changes related to current service 200 ( 40 ) - 160
Cash outflows ( 400 ) - - ( 400 )
Closing balance 429 88 - 517

A possible format of the reconciliation of the insurance contract liability required by paragraph 100 of IFRS 17 is as follows:

Liability for remaining coverage, excluding loss component Loss component of the liability for remaining coverage Liability for incurred claims Insurance contract liability
CU CU CU CU
Opening balance 617 - - 617
Insurance revenue ( 140 ) - - ( 140 )
Insurance service expenses - 113 300 413
Investment component ( 100 ) - 100 -
Insurance finance expenses 27 - - 27
Cash outflows - - ( 400 ) ( 400 )
Closing balance 404 113 - 517

A possible presentation in the statement of profit or loss of the amounts related to insurance contracts is as follows:

20x2
CU
Insurance revenue 140
Insurance service expenses ( 413 )
Insurance service result ( 273 )
Investment income -
Insurance finance expenses ( 27 )
Finance result ( 27 )
Loss ( 300 )

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