31 December 2013
4 April 2014
Patti Eyers Chief Executive Officer First American Title Insurance Company of Australia Pty Limited PO Box Q1465 QVB Post Office SYDNEY NSW 2000
Dear Patti
Review of Actuarial Information in Financial Statements as at 31 December 2013 Finity Consulting Pty Limited (Finity) has been asked by First American Title Insurance Company of Australia Pty Limited (FATICA) to carry out a review of the actuarial information contained in FATICA’s 31 December 2013 financial statements, and provide an opinion as to its appropriateness. The review is required under Section 78 of the Insurance (Prudential Supervision) Act 2010. This letter sets out the findings of our review, as required under Section 78 of the Act.
Our Review Gae Robinson is an employee of Finity and is the Appointed Actuary of FATICA. Gae Robinson and Finity have no relationship with FATICA apart from the Appointed Actuary role. FATICA sought and adopted the Appointed Actuary’s advice in respect of actuarial information contained in its 31 December 2013 financial statements. Our advice was set out in a valuation report “Valuation of Insurance Liabilities as at 31 December 2013” dated 28 March 2014, and included estimates of FATICA’s Net Outstanding Claims Liability. We note that FATICA has no unearned premium and no Premium Liabilities. FATICA adopted our estimates in its financial statements without alteration. We reviewed FATICA’s financial statements as at 31 December 2013. In my opinion, and from an actuarial perspective:
x
The actuarial information contained in the financial statements has been appropriately included in those statements
x
The actuarial information used in the preparation of the financial statements has been used appropriately.
Fri 4 April 2014 3:57 PM
I confirm that FATICA maintains a solvency margin in accordance with the Australian equivalent of the RBNZ’s “Solvency Standard for Non-Life Insurance Business”. No limitations were placed on me in performing my review, and all data requested was provided. This report is being provided for the sole use of FATICA for the purpose stated above. It is not intended, nor necessarily suitable, for any other purpose and should only be relied on the purpose for which it is intended. Yours sincerely
Gae Robinson Appointed Actuary Fellow of the New Zealand Society of Actuaries Fellow of the Institute of Actuaries of Australia
Fri 4 April 2014 3:57 PM
2
GRF_110_1: Prescribed Capital Amount
Page 1 of 157
GRF_110_1: Prescribed Capital Amount Australian Business Number
Institution Name
64075279908
First American Title Insurance Company of Australia Pty Limited
Reporting Period
Scale Factor
Reporting Consolidation
31-Dec-2013
Thousands
Licensed Insurer
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Printed: 11-Apr-2014 03:27 PM
GRF_110_1: Prescribed Capital Amount
Page 2 of 157
Section 1: Summary of prescribed capital amount Category of Insurer B - Subsidiary of Insurance Group
Category of Insurer..........................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Printed: 11-Apr-2014 03:27 PM
GRF_110_1: Prescribed Capital Amount
Page 3 of 157
N LMI.............................................................................................................................................................................
1. Insurance Risk Charge...................................................................................................................................
218
1.1. GRF_115_0: OCL Insurance Risk Charge.........................................................................................
218
1.2. GRF_115_1: PL Insurance Risk Charge............................................................................................ 2. GRF_116_0: Insurance Concentration Risk Charge................................................................................ 3. GRF_114_0: Asset Risk Charge...................................................................................................................
500
1,481
4. GRF_117_0: Asset Concentration Risk Charge.......................................................................................... 5. GRF_118_0: Operational Risk Charge.......................................................................................................
166
6. Less: Aggregation benefit...............................................................................................................................
429
7. Adjustments to prescribed capital amount as approved by APRA..........................................................
Description (1)
Transitional? (2)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
Amount (3)
Printed: 11-Apr-2014 03:27 PM
GRF_110_1: Prescribed Capital Amount
Page 4 of 157
5,000 8. Prescribed capital amount.....................................................................................................................................
Section 2: Capital Adequacy Assessment 9. Capital base or adjusted net assets in Australia.....................................................................................
10,481
9.1. Of which: Common Equity Tier 1 Capital.................................................................................................. 10,481 9.2. Of which: Tier 1 Capital..................................................................................................................................10,481 10. Capital in excess of prescribed capital amount.......................................................................................
5,481
11. Common Equity Tier 1 Capital ratio...........................................................................................................
2.0962
12. Tier 1 Capital ratio..........................................................................................................................................
2.0962
13. Prescribed capital amount coverage (%)..................................................................................................
2.0962
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Printed: 11-Apr-2014 03:27 PM
GRF_110_1: Prescribed Capital Amount
Page 5 of 157
Section 3: Adjusted net assets in Australia 14. Adjusted net assets in Australia determined from the following:
14.1. GRF_300_0: Assets in Australia .........................................................................................................
13,942
14.2. GRF_300_0: Liabilities in Australia......................................................................................................
7,790
14.3. OCL surplus / (deficit) inside Australia............................................................................................. 14.4. Total premiums liabilities surplus / (deficit) inside Australia.......................................................... 14.5. Tax effect of net OCL and PL surplus / (deficit) inside Australia................................................... 14.6. Net surplus / (deficit) relating to insurance liabilities inside Australia........................................
0
14.7. Liabilities in Australia net of surplus / (deficit) relating to insurance liabilities..............................
7,790
14.8. Net assets in Australia (before deductions).......................................................................................
6,152
14.9. Total deductions for assets specifically excluded from being considered inside Australia........................................................................................................................................
0
14.9.1. Cash flow hedge reserves relating to hedging of items not recorded at fair value............ 14.9.2. Excess of deferred tax assets over deferred tax liabilities...................................................... 14.9.3. Net unrealised fair value gains / (losses) from changes in own credit worthiness.............. 14.9.4. Goodwill............................................................................................................................................ 14.9.5. Other intangible assets.................................................................................................................. 14.9.6. Surplus in defined benefit superannuation fund...................................................................... 14.9.7. Deficit in defined benefit superannuation fund.......................................................................... 14.9.8. Reinsurance assets related to reinsurance contracts that do not meet the reinsurance documentation test.................................................................................................. 14.9.9. Reinsurance assets receivable under reinsurance contracts that do not meet governing law requirements.......................................................................................................... 14.9.10. Regulatory capital requirement component of investments in subsidiaries, JVs and associates..................................................................................................................... 14.9.11. Assets under a fixed or floating charge.................................................................................... 14.9.12. Fair value adjustments................................................................................................................ 14.9.13. Other adjustments........................................................................................................................ 14.10. Adjustments and exclusions to adjusted net assets in Australia.............................................. 14.11. Adjusted net assets in Australia.......................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
6,152
Printed: 11-Apr-2014 03:27 PM
GRF_112_0: Determination of Capital Base
Page 6 of 157
GRF_112_0: Determination of Capital Base Australian Business Number
Institution Name
64075279908
First American Title Insurance Company of Australia Pty Limited
Reporting Period
Scale Factor
Reporting Consolidation
31-Dec-2013
Thousands
Licensed Insurer
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Printed: 11-Apr-2014 03:27 PM
GRF_112_0: Determination of Capital Base
Page 7 of 157
Section 1: Capital base composition 1. Tier 1 Capital 1.1. Common Equity Tier 1 Capital................................................................................................................. 10,481 1.1.1. Paid-up ordinary shares.......................................................................................................................... 15,573 1.1.2. Retained earnings................................................................................................................................... -5,188 1.1.3. Undistributed current year earnings...................................................................................................
366
1.1.4. Accumulated other comprehensive income and other disclosed reserves..............................
354
Of which: 1.1.4.1. Unrealised gains or losses recognised on balance sheet............................................ 1.1.4.2. Reserves from equity-settled share-based payments......................................................... 1.1.4.3. Cumulative unrealised gains or losses on hedges offsetting gains or losses in Common Equity Tier 1 Capital......................................................................................................... 1.1.4.4. Foreign currency translation reserve........................................................................................
354
1.1.4.5. General reserve......................................................................................................................... 1.1.4.6. Other gains and losses in accumulated comprehensive income and other disclosed reserves.................................................................................................................................... 1.1.5. Net surplus / (deficit) relating to insurance liabilities..................................................................... 1.1.5.1. OCL surplus / (deficit) per GRF 115.0.........................................................................................
0 0
1.1.5.2. PL surplus / (deficit) per GRF 115.1........................................................................................ 1.1.5.3. Less: Tax effect of net OCL and PL surplus / (deficit)........................................................ 1.1.6. Less: Regulatory adjustments to Common Equity Tier 1 Capital................................................
624
1.1.6.1. Holdings of own Common Equity Tier 1 Capital instruments.............................................. 1.1.6.2. Cash flow hedge reserves relating to hedging of items not recorded at fair value................................................................................................................................................... 1.1.6.3. Excess of deferred tax assets over deferred tax liabilities................................................... 1.1.6.4. Fair value gains and losses from changes in own credit worthiness................................ 1.1.6.5. Goodwill............................................................................................................................................ 1.1.6.6. Other intangible assets................................................................................................................
624
1.1.6.7. Surplus in defined benefit superannuation fund..................................................................... 1.1.6.8. Deficit in defined benefit superannuation fund..................................................................... 1.1.6.9. Reinsurance assets related to reinsurance contracts that do not meet the reinsurance documentation test............................................................................ 1.1.6.10. Reinsurance assets receivable under reinsurance contracts that do not meet governing law requirements................................................................................................. 1.1.6.11. Regulatory capital requirement of investments in subsidiaries, JVs and associates.................................................................................................................................... 1.1.6.12. Assets under a fixed or floating charge................................................................................. 1.1.6.13. Fair value adjustments........................................................................................................... 1.1.6.14. Adjustments to Common Equity Tier 1 Capital due to shortfall in Additional Tier 1 Capital.......................................................................................................... 1.1.6.15. Other Common Equity Tier 1 Capital adjustments............................................................. 1.1.7. Adjustments and exclusions to Common Equity Tier 1 Capital....................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Printed: 11-Apr-2014 03:27 PM
GRF_112_0: Determination of Capital Base
Page 8 of 157
1.2. Additional Tier 1 Capital...............................................................................................................................
0
1.2.1. Additional Tier 1 Capital instruments....................................................................................................... 1.2.2. Less: Holdings of own Additional Tier 1 Capital instruments............................................................ 1.2.3. Less: Adjustments to Additional Tier 1 Capital due to shortfall in Tier 2 Capital......................... 1.2.4. Adjustments and exclusions to Additional Tier 1 Capital............................................................... 1.2.5. Transitional Additional Tier 1 Capital..................................................................................................... 1.3. Tier 1 Capital...................................................................................................................................................10,481
2. Tier 2 Capital..........................................................................................................................................................
0
2.1. Eligible Tier 2 Capital instruments............................................................................................................. 2.2. Less: Holdings of own Tier 2 Capital instruments.................................................................................. 2.3. Adjustments and exclusions to Tier 2 Capital........................................................................................... 2.4. Transitional Tier 2 Capital.............................................................................................................................
10,481 3. Capital base............................................................................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Printed: 11-Apr-2014 03:27 PM
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_112_3: Related Party Exposures (GEN)
GRF_112_3: Related Party Exposures (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 9 of 157
ACN / AB...
Category...
Descriptio...
Country ...
Total ass...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Name (1)
Value of i...
Ownershi...
Goodwill (9) Other int...
Section 1: Investments in subsidiaries, joint ventures and associates and contributions to regulatory adjustments
GRF_112_3: Related Party Exposures (GEN)
Adjustme...
Regulator...
Adjustme...
Printed: 11-Apr-2014 03:27 PM
Nature of...
Page 10 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
GRF_112_3: Related Party Exposures (GEN)
Total.....................................................................................................................0
0
0
0
Printed: 11-Apr-2014 03:27 PM
0
Page 11 of 157 0
ACN / ABN (2)
Category (3)
Type of exposu... Fair value of e...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Name (1)
Section 2: Other related party exposures
GRF_112_3: Related Party Exposures (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 12 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
GRF_112_3: Related Party Exposures (GEN)
Total..............................................................................................................................
Printed: 11-Apr-2014 03:27 PM
Page 13 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_114_0: Asset Risk Charge (GEN)
GRF_114_0: Asset Risk Charge (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 14 of 157
4,941
9,811 1.3.1. Interest rate investments..................................
1,897
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
1.9. Adjusted net premiums liabilities...........................
1,982 1.8. Net outstanding claims liabilities...............................
1.7. Other assets...............................................................
1.6. Investments in related entities...............................
1.5. Derivatives...........................................................
1.4. Deferred tax assets.........................................
1.3.5. Indirect investments...................................
1.3.4. Loans and advances......................................1,308
1.3.3. Property........................................................ 1,308
6,249
1.3.2. Equities..............................................................
1,206
983 1.2.4. Other receivables................................................
11,119 1.3. Investments.............................................................
1.2.3. Current tax assets..............................................
1,460 1.2.2. Net premiums receivable.................................
1,352
2,558
1.2.1. Non-reinsurance recoveries........................
2,443 1.2. Non-reinsurance receivables..........................................
(2)
(1) 1,007
amount
1,289 1.1. Cash and liquid assets............................................
1. Items subject to stress
Australia
Total amount (3)
-29
19
19
0
Upwards (4)
0
23
-55
-55
wards
Down-
Inside
value RIR
RIR
value -
stress
Real interest rates
prestress
pre-
Adjusted Adjusted
Section 1: Asset Risk Charge calculation
INF
(5)
30
30
0
32
Upwards
-106
-106
0
-107
(6)
wards
Down-
INF
Expected inflation
GRF_114_0: Asset Risk Charge (GEN)
CUR
(7)
-17
979
979
10
22
32
42
Upwards
-17
-36
-53
-71
28
-1,632
-1,632
(8)
wards
Down-
CUR
Currency
Impact on capital base
(9)
Equity
0
0
0
0
Credit
0
8
175
175
(11)
spreads
60
60
105
105
(12)
Default
Printed: 11-Apr-2014 03:27 PM
(10)
Property
Page 15 of 157
32
3. Risk charge components....................................................................................... 10
435
Transitional? (2)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Description (1)
6. Adjustments to Asset Risk Charge as approved by APRA......................................................... 0
5. Less: Tax benefits deduction........................................................................................................
4.1. Impact of diversification.............................................................................................
4. Aggregated risk charge component................................................................................. 1,481
-32
802
0
62 213
-213
GRF_114_0: Asset Risk Charge (GEN)
2. Impact on capital base........................................................................................ -10
1.14. Off-balance sheet exposures................................
1.13.3. Other reinsurance assets............................. 802
1.13.2. Deferred reinsurance expense.....................
2,916 outstanding and paid claims..........................
2,793
3,595
1.13. Reinsurance assets for default stress............. 3,718
1.13.1. Reinsurance recoverables on
2,651
1.12. Other liabilities....................................................3,132
1.11. Derivatives........................................................
1.10. Deferred tax liabilities............................................
Amount (3)
0
996
-40
1,661
-1,661
67
0
0
0
183
0
462
Printed: 11-Apr-2014 03:27 PM
0
0
297
297
Page 16 of 157
(1)
0
0
0
1,006
(6)
Grade 6
(7)
0
Grade 7
(8)
0
11,100
(9)
0
0
0
0
0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
946
0 9,490
10,917
10,917
(9)
by Asset
481 9.4. Total stressed assets by grade.........................................
(8)
9.3. Re-securitised assets..........................................................
946
(7)
0
9,490
(6)
9.2. Structured / securitised assets................................
481 9.1. Bonds & other non-securitised assets.........................
(5)
(2)
(1)
(4)
(Other)
ment) (3)
Total fair value
11,100
Grade 1 Grade 5
1,006
Grade 1
Grade 2
9,613
(Govern-
9. Stressed asset values post credit spreads stress
8.4. Total fair value by grade..................................... 481
0
Grade 4
(5)
0
Grade 3
(4)
8.3. Re-securitised assets........................................................
9,613
8.2. Structured / securitised assets..............................
8.1. Bonds & other non-securitised assets................... 481
by Asset
(3)
Grade 7
(2)
Grade 6
fair value Grade 5
(Other)
ment)
Grade 4
Grade 2
Grade 1
(GovernGrade 3
Total
Grade 1
8. Assets fair values subject to credit spreads stress
Section 2: Additional information
1,481 7. Asset Risk Charge..........................................................................................................................
GRF_114_0: Asset Risk Charge (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 17 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
5 10.3. Earnings yield used in determination of property stress (%)..................................................
5 10.2. Rental yield used in determination of property stress (%)........................................................
4 10.1. Dividend yield used in determination of equity stress (%)..........................................................
10. Yields used in stress scenarios
GRF_114_0: Asset Risk Charge (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 18 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_114_1: Assets by Counterparty Grade
GRF_114_1: Assets by Counterparty Grade
Printed: 11-Apr-2014 03:27 PM
Page 19 of 157
0
Grade 5 (6)
0
Grade 6 (7)
0
Grade 7 (8)
0
1,308
9,811
Total (9)
0
0
0
0
3,717
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Printed: 11-Apr-2014 03:27 PM
0
0
10.3.1. Of which supported by security arrangements in Australia...........................................
10.4. From non-APRA-authorised reinsurers that are overdue for more than 6 months..............................
0
10.3. From non-APRA-authorised reinsurers that are amounts outstanding on and from second annual balance date after the event giving rise to the reinsurance recoverables...........................................
3,717
3,717
3,717
0
-16,941
10.2. From non-APRA-authorised reinsurers except for amounts outstanding on and from second annual balance date after the event giving rise to the reinsurance recoverables..........................................
0
0
-11,435
0
0
-481
0 690
10.1. From APRA-authorised reinsurers.........................
9. Other assets............................................................................. 10. Net amount recoverable on reinsurance contracts from both outstanding claims and paid claims............
8. Other receivables....................................................................
690
126
126
6. Investment income receivable.............................................
7. Net recoveries other than reinsurance receivable............
1,289
1,289
5. Cash and liquid assets.........................................................
-5,025
0
1,308
Grade 4 (5)
0
9,330
Grade 3 (4)
4. Derivatives (positive position)..............................................
481
Grade 2 (3)
Page 20 of 157
3. Cash management trusts.....................................................
2. Net loans and advances........................................................
1. Direct interest rate investments...........................................
Grade 1 (Government) Grade 1 (Other) (1) (2)
Counterparty grade
GRF_114_1: Assets by Counterparty Grade
0
0
0
0
0
0
0
0
0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Printed: 11-Apr-2014 03:27 PM
0
0
13. Total.......................................................................................
0
0
0
12.2. From non-APRA-authorised reinsurers................
0
0
0
12.1. From APRA-authorised reinsurers........................
12. Net amount of other reinsurance assets receivable......
0
0
0
11.2. Relating to non-APRA-authorised reinsurers.......
0
0
0
Page 21 of 157
11.1. Relating to APRA-authorised reinsurers..............
11. Deferred reinsurance expense.......................................
GRF_114_1: Assets by Counterparty Grade
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_114_2: Derivatives Activity (GEN)
GRF_114_2: Derivatives Activity (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 22 of 157
Residual maturity (2)
Counterparty grade (3)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Contract type (1)
Section 1: Direct over the counter derivatives
Fair value (5)
Long position Principal amount (4)
NOTE: Principal amount must always be entered as positive (even for short positions)
GRF_114_2: Derivatives Activity (GEN)
Principal amount (6)
Printed: 11-Apr-2014 03:27 PM
Fair value (7)
Short position
Page 23 of 157
Fair value (2)
Principal amount (1)
Fair
(4)
value (5)
amount
Principal
Fair
(6)
value (7)
amount
Principal
Fair
(8)
value
Other market-
(9)
amount
Principal
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
mark-to-market & margin payments..........................
2.1. Exchange traded derivatives subject to daily
2. Total exchange traded derivative financial instruments:
instruments.............................................................................
1.7. Total over the counter derivative financial
0
0
0
0
0
0
0
Fair
(10)
value
0
Printed: 11-Apr-2014 03:27 PM
0
1.5.2. Credit derivatives in which the reporting insurer is purchasing credit protection............................................................................................................................................
0 1.6. Other....................................................................................
Page 24 of 157
related contracts
1.5.1. Credit derivatives in which the reporting insurer is providing credit protection..................................................................................................................................................
1.5. Credit derivatives:
1.4.2. Put options.....................................................................
1.4.1. Call options............................................................................
1.4. Written (sold) option positions:
1.3.2. Put options..........................................................
1.3.1. Call options........................................................
1.3. Bought option positions:
1.2. Swaps.........................................................................
(3)
amount
Principal
metal contracts
(including gold)
(excluding gold)
exchange contracts
Interest rate contracts
Equity contracts
Precious
Foreign
1.1. Forwards...........................................................................
instruments classified into:
1. Total over the counter derivative financial
Section 2: Total contracts
GRF_114_2: Derivatives Activity (GEN)
0
0
0
0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
4.4. Other related parties.............................................................................................
4.3. Associates / Joint ventures....................................................................................................
parent entity........................................................................
4.2. Controlled entities / other branches of the
4.1. Parent entity...............................................................................
4. Total derivative financial instruments which are with the following related parties:
0 0 3.5. Other........................................................................................................................
3.4. Debt funding / borrowings......................................................................................
3.3. Claims liabilities....................................................................................................
3.2. Other assets................................................................
3.1. Investment portfolio..........................................................................
exposure.............................................................................
3. Total derivative financial instrument
0
0
0
0
GRF_114_2: Derivatives Activity (GEN)
0
0
0
0
0
0
0
0
Printed: 11-Apr-2014 03:27 PM
0
0
Page 25 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_114_3: Off-balance Sheet Business (GEN)
GRF_114_3: Off-balance Sheet Business (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 26 of 157
0
0
0
0
0
0
Grade 7 (8)
0
Total (9) 0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
11.1. Of which: deemed as Inside Australia............
sheet business...................................................................
11. Total non-market-related off balance
balance sheet items..........................................................
0
0
0
0
Printed: 11-Apr-2014 03:27 PM
0
0
9. Surety bonds.................................................................... 0
0
8. Placements of forward deposits.............................
0
0
7. Partly paid shares and securities....................................
0
0
6. Forward asset purchases...............................................
0
0
5. Assets sold with recourse.............................................
0
0
4. Sale and repurchase agreements...............................
0
0
10. All other non-market-related off
0
3. Trade-related contingencies..........................................
0
2. Performance related contingencies...........................
1.5 Other direct credit substitutes...................................
0 0
Grade 6 (7)
1.4. Bill endorsements...................................................
Grade 5 (6)
0
Grade 4 (5)
0
Grade 3 (4)
1.3. Standby letters of credit.............................................
Grade 2 (3)
1.2. Credit derivatives..........................................................
Grade 1 (Other) (2)
0
Grade 1 (Government) (1)
Counterparty grade of obligation / asset over which the credit substitute has been written
Page 27 of 157
1.1. Guarantees................................................................
1. Direct credit substitutes:
Section 1: Credit substitutes provided
GRF_114_3: Off-balance Sheet Business (GEN)
0
Approved balance available (1)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
6. Total liquidity support facilities............................................................
5. Other liquidity support facilities............................................................
4. Overdrafts................................................................................................
3. Letter of credit facilities.............................................................................
2. Bill acceptance and discount facilities...................................................
1.3. Facilities with greater than 5 day draw down............................
1.2. Facilities with 2 - 5 day draw down.............................................
1.1. Facilities with same day draw down...............................................
1. Standby facilities:
TYPE OF FACILITY
Section 2: Liquidity support facilities obtained
12.3. Other related parties...............................................
12.2. Joint ventures / Associates..................................
entities of parent..........................................................
12.1.1. Controlled entities / controlled
12.1. Parent entity.................................................................
to related parties:
business (total of item 11) which are provided
12. Total non-market related off balance sheet
0
Undrawn balance available (2)
0
GRF_114_3: Off-balance Sheet Business (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 28 of 157
Outstanding value of ...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Type of charge / encu... Principal value of the ...
Section 3: Charges granted
7.3. Other related parties......................................................................
7.2. Joint ventures / Associates..........................................................
7.1.1. Controlled entities / controlled entities of parent..............
7.1. Parent entity.....................................................................................
7. Total which are with related entities.................................................
Fair value of assets s...
0
0
Asset subject to char...
GRF_114_3: Off-balance Sheet Business (GEN)
Grade of asset subjec...
Printed: 11-Apr-2014 03:27 PM
Value of insurance lia...
Page 29 of 157
Relating to reinsurance... Fair value of eligible col... Fair value of assets su...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Name of entity providi...
Section 4A: Credit support received - eligible collateral provided to reporting insurer
Eligible collateral is fro...
GRF_114_3: Off-balance Sheet Business (GEN)
Type of collateral (6)
Printed: 11-Apr-2014 03:27 PM
Page 30 of 157
Relating to reinsuranc...
Value of the guarante...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Name of entity providi...
Counterparty rating gr...
Fair value of assets su...
Section 4B: Credit support received - guarantees or letters of credit provided to reporting insurer
GRF_114_3: Off-balance Sheet Business (GEN)
Guarantee / letter of c...
Printed: 11-Apr-2014 03:27 PM
Page 31 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_114_4: Details of Investment Assets
GRF_114_4: Details of Investment Assets
Printed: 11-Apr-2014 03:27 PM
Page 32 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
3.3. Securitisers ...............................................................................................................
3.2. General insurance corporations............................................................................
3.1. ADIs...............................................................................................................................
3. Long term debt securities
2.13. Total commercial paper and promissory notes.................................................
2.12. Other...............................................................................................................................
2.11.2. Other..................................................................................................................
term foreign currency rating is Grade 1.....................................................................
2.11.1. Where the security has a Grade 1 rating or the country's long
2.11. National government of a foreign country:
2.10. Other Australian Government (state, territory & local government)..............
2.9. Australian Commonwealth Government................................................................
2.8. Australian Commonwealth Government corporations..........................................
2.7. Registered Financial Corporations.............................................................................
2.6. Private trading corporations....................................................................................
2.5. Securitisers..............................................................................................................
2.4. General insurance corporations..........................................................................
2.3. ADIs............................................................................................................................
Commercial paper and promissory notes issued by:
2.2. Other...........................................................................................................................
2.1. Bank accepted.........................................................................................................
Bills of exchange:
2. Short term securities
1.2. Other...........................................................................................................................
1.1. Authorised Deposit Taking Institutions (ADIs)...................................................
1. Deposits or placements with (i.e. money market type deposits / placements):
Section 1: Direct interest rate holdings
0
9,330
GRF_114_4: Details of Investment Assets
Printed: 11-Apr-2014 03:27 PM
Page 33 of 157
481
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
1.7 Total Australian listed equity........................................................................................
1.6. Other...........................................................................................................................
1.5. Australian Commonwealth Government corporations.......................................
1.4. Registered Financial Corporations....................................................................................
1.3. Private trading corporations...................................................................................
1.2. General insurance corporations.............................................................................
1.1. Banks and ADIs........................................................................................................
1. Australian listed equity
Section 2: Direct equity holdings
4.2. Of which: holdings in own debt instruments...........................................................
Australian currency.........................................................................................................
4.1. Of which: denominated in a currency other than the
0
9,811
3.11 Total long term debt securities..................................................................................
4. Total direct interest rate investments.....................................................................
962
3.10. Other.........................................................................................................................
3.9.2. Other.......................................................................................................................
term foreign currency rating is Grade 1......................................................................
3.9.1. Where the security has a Grade 1 rating or the country's long
3.9. National government of a foreign country:
3.8. Other Australian Government (state, territory & local government)................................
3.7. Australian Commonwealth Government.................................................................
3.6. Australian Commonwealth Government corporations.......................................
3.5. Registered Financial Corporations..........................................................................
-481
GRF_114_4: Details of Investment Assets
3.4. Private trading corporations..................................................................................
Printed: 11-Apr-2014 03:27 PM
Page 34 of 157
0
4. Total direct holdings...........................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
4.6. Of which: holdings in own equity securities.......................................................
Australian currency..............................................................................................................
4.5. Of which: denominated in a currency other than the
4.4. Unlisted equities - Direct holdings.......................................................................
4.3. Listed equities - Direct holdings.................................................................................
4.2. Unlisted subordinated debt.......................................................................................
4.1. Listed subordinated debt..........................................................................................
0
0
3. Total equity securities....................................................................................................
2.7. Total other equity........................................................................................................
2.6. Other............................................................................................................................
2.5. Australian Commonwealth Government corporations........................................
2.4. Registered Financial Corporations.........................................................................
2.3. Private trading corporations....................................................................................
2.2. General insurance corporations............................................................................
2.1. Banks and ADIs....................................................................................................
2. Other equity
GRF_114_4: Details of Investment Assets
Printed: 11-Apr-2014 03:27 PM
Page 35 of 157
AUD (2)
USD (3)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Sector (1)
GBP (4)
EUR (5)
5. Total direct equity investments of Licensed Insurer which represent exposure to the following sectors:
GRF_114_4: Details of Investment Assets
JPY (6)
Total Currencies (8)
Printed: 11-Apr-2014 03:27 PM
Other Currency (7)
Page 36 of 157
AUD (2) 0
USD (3) 0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Australian currency...........................................................................................................
1.6.1. Of which: denominated in a currency other than the
1.6. Total direct property investments...........................................................................
1.5. Other..............................................................................................................................
1.4. Infrastructure...............................................................................................................
1.3. Tourism and leisure................................................................................................
1.2. Retail............................................................................................................................
1.1. Office...............................................................................................................................
1. Total direct property investments
Section 3: Direct property holdings
Total exposure to all sectors
Property Trusts
Sector (1)
GBP (4)
0
0
GRF_114_4: Details of Investment Assets EUR (5) 0
JPY (6) 0
0
Printed: 11-Apr-2014 03:27 PM
0
0
Other Currency Total Currencies (7) (8)
Page 37 of 157
0
0 0 0 0
2.3. Are contracted on an unsecured basis...............................................................
2.4. Repayment is past due date 90 days or more but < 1 year........................................
2.5. Repayment is past due date 1 year or more.........................................................
2.6. Constitute premium funding business.................................................................
0
3.5. Unsecured loans to employees (> $1,000 individually)......................................
Page 38 of 157
Printed: 11-Apr-2014 03:27 PM
0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
3.4. General insurance companies.............................................................................
0
3.3. Insurance brokers.....................................................................................................
3.2. Directors of the reporting insurer or related bodies
3.1. Parent or related party not on commercial terms..............................................
0
0
2.2. Are contracted on a variable rate basis...............................................................
3. Total loans and advances which can be classified into the following:
0
1,308
0
0 1,308
1,308
1,308
2.1. Are contracted at fixed rates....................................................................................
2. Total loans and advances which:
1.5. Total loans and advances......................................................................................
1.4. Other..........................................................................................................................
1.3. Private trading corporations.........................................................................................
0
Provision for impairment (3) 0
Value of security (2)
1.2. Private unincorporated businesses....................................................................
Balance outstanding (1)
Balance outstanding net of provision for impairment (4)
1.1. Households.............................................................................................................
1. Total loans and advances:
Section 4: Loans and advances
GRF_114_4: Details of Investment Assets
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
1.8. Other...................................................................................................................................
1.7. Property......................................................................................................................
1.6. Equities.......................................................................................................................
1.5. Fixed interest..............................................................................................................
1.4. Cash.............................................................................................................................
Aggregate holdings representing exposure to the following asset classes:
1.3. Cash management trusts.......................................................................................
1.2. Unlisted trusts (excluding CMT).............................................................................
1.1. Listed trusts (excluding CMT)..................................................................................
1. Total holdings in indirect investment vehicles.........................................................
Section 5: Holdings in indirect investment vehicles
0
0
GRF_114_4: Details of Investment Assets
Printed: 11-Apr-2014 03:27 PM
Page 39 of 157
ACN / ABN (2)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Name (1)
2. Indirect investment vehicles Related party (3)
GRF_114_4: Details of Investment Assets
Closing value (4)
Printed: 11-Apr-2014 03:27 PM
Page 40 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
5.5. Other..........................................................................................................................
5.4. Property.......................................................................................................................
5.3. Equities.......................................................................................................................
5.2. Fixed interest................................................................................................................
5.1. Cash...........................................................................................................................
5. Total holdings in indirect investment vehicles.........................................................
0
0
1,044
264
4.1. Balance outstanding................................................................................................
4.2. Provision for impairment..........................................................................................
1,044
264
7,829
Shareholders' funds (2)
4. Total net loans and advances.......................................................................................
3. Total direct property investments................................................................................
2. Total direct equity investments.....................................................................................
1,982
Policyholders' funds (1)
1. Total direct interest rate investments..........................................................................
Section 6: Policyholders' / Shareholders' funds
GRF_114_4: Details of Investment Assets
Printed: 11-Apr-2014 03:27 PM
Page 41 of 157
Parent entity (1)
1,308
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
5. Total holdings in indirect investment vehicles............................................................
4.3. Provision for impairment.......................................................................................
4.2. Value of security.......................................................................................................
4.1. Balance outstanding.................................................................................................
Associates (3)
1,308
Controlled entities / Controlled entities of the parent (2)
4. Total net loans and advances........................................................................................
3. Total direct property investments................................................................................
2. Total direct equity investments.....................................................................................
1. Total direct interest rate investments............................................................................
Section 7: Investments with related parties
GRF_114_4: Details of Investment Assets
Other related parties (5)
Printed: 11-Apr-2014 03:27 PM
Joint ventures (4)
Page 42 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_115_0: Outstanding Claims Liabilities - Insurance Risk Charge
GRF_115_0: Outstanding Claims Liabilities - Insurance Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 43 of 157
4,660
Gross OC...
238
Gross OC... 4,898
Gross OC...
Non-rein... 1
2,915
Reinsura...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Other direc...
Class of ...
Section 1: Direct business
1,744
Net OCL ...
Were actuarial services used to complete this return (Yes / No)
238
Net OCL ... 238
Net OCL ...
Yes
1,982
Net OCL ...
GRF_115_0: Outstanding Claims Liabilities - Insurance Risk Charge
11
OCL capi... 1,982
0
OCL surp...
Printed: 11-Apr-2014 03:27 PM
218
OCL Insu... Net OCL ...
Page 44 of 157
Gross OC...
Gross OC...
Gross OC...
Non-rein...
Reinsura...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of ...
Section 2: Reinsurance business Net OCL ...
Net OCL ...
Net OCL ...
Net OCL ...
GRF_115_0: Outstanding Claims Liabilities - Insurance Risk Charge
OCL capi...
OCL surp...
Printed: 11-Apr-2014 03:27 PM
OCL Insu... Net OCL ...
Page 45 of 157
Gross OCL Central estimate (2)
0
0
0
0
4,898
Gross OCL Total (4)
0
0
0
1
0
0
0
2,915
0
0
0
1,744
0
0
0
238
0
0
0
238
0
0
0
1,982
Net OCL Stand- Net OCL Non-rein- Reinsur- Net OCL - alone Diversified Central risk risk Net OCL surance ance margin margin recoveries recoveries estimate Total (7) (8) (9) (5) (6) (10)
0
0
0
218
0
0
0
1,982
OCL Net OCL Insurance per Risk GRF Charge 300.0 (12) (13)
238
4,898
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
4,660 Total..............................................................
1
2,915
1,744
238
238
1,982
1,982
0
Printed: 11-Apr-2014 03:27 PM
218
0
0
0
0
OCL surplus / (deficit) (14)
Page 46 of 157
0 approved by APRA................................................................................................................................................................................................................................................
Insurance Risk Charge as
Adjustments to OCL
0
0 Non-proportional.......................................
0
238
Gross OCL risk margin (3)
0 Proportional....................................................
Total reinsurance business.......................0
4,660 Total direct business.......................................
Section 3: Total
GRF_115_0: Outstanding Claims Liabilities - Insurance Risk Charge
Transitional? - Y/N (2)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Description (1)
Adjustments and exclusions to prudential requirements for the OCL Insurance Risk Charge Amount (3)
GRF_115_0: Outstanding Claims Liabilities - Insurance Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 47 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 48 of 157
Gross PL - ...
Gross PL - ...
Gross PL - T... Non-reinsur...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of bu...
Section 1A: Direct business - GPS 320 premiums liabilities Expected r...
Net PL - Ce...
No Were actuarial services used to complete this return (Yes / No)...........................................................
PL Insuranc...
Page 49 of 157
Printed: 11-Apr-2014 03:27 PM
Net PL - Sta... Net PL - Div... Net PL - Tot... PL capital f...
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
Unearned premium l... Deferred acquisition... Deferred acquisition... Unexpired risk liabilit... Deferred reinsuranc... Other items (7)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of business (1)
Section 1B: Direct business - AASB 1023 premiums liabilities
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
Printed: 11-Apr-2014 03:27 PM
AASB 1023 net pre...
Page 50 of 157
Net written premium (2)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of business (1)
PL Capital factor % (3)
Page 51 of 157
Printed: 11-Apr-2014 03:27 PM
Additional policies risk charge (4)
Section 1C: Direct business - Net written premium for material business that incepts in the next reporting period
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
Gross PL - ...
Gross PL - ...
Gross PL - T... Non-reinsur...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of bu...
Expected r...
Section 2A: Reinsurance business - GPS 320 premiums liabilities Net PL - Ce...
PL Insuranc...
Page 52 of 157
Printed: 11-Apr-2014 03:27 PM
Net PL - Sta... Net PL - Div... Net PL - Tot... PL capital f...
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
Unearned premium l... Deferred acquisition... Deferred acquisition... Unexpired risk liabilit... Deferred reinsuranc... Other items (7)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of business (1)
Section 2B: Reinsurance business - AASB 1023 premiums liabilities
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
Printed: 11-Apr-2014 03:27 PM
AASB 1023 net pre...
Page 53 of 157
Net written premium (2)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of business (1)
PL capital factor % (3)
Page 54 of 157
Printed: 11-Apr-2014 03:27 PM
Additional policies risk charge (4)
Section 2C: Reinsurance business - Net written premium for material business that incepts in the next reporting period
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Transitional? (2)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Description (1)
Adjustments and exclusions to prudential requirements for the PL Insurance Risk Charge
Total..................................................
by APRA........................................... 0
0
0
Non-proportional............................
0
0
0
Adjustments to PL Insurance Risk Charge as approved
0
0
Total reinsurance business.........
Proportional.....................................
0
0
Total direct business.....................
0
0
0
0
0
Gross PL Gross PL NonExpected Net PL - Central - Risk Gross PL reinsurance reinsurance Central estimate margin - Total recoveries recoveries estimate (2) (3) (4) (5) (6) (7)
Section 3A: GPS 320 Total
Page 55 of 157
0
0
0
0
0
Amount (3)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Printed: 11-Apr-2014 03:27 PM
0
0
0
0
0
Net PL Net PL PL Additional Total PL StandInsurance policies Insurance alone Diversified risk Risk risk risk Net PL - PL capital Risk margin Charge charge margin Total factor % Charge (9) (12) (13) (8) (10) (11) (14)
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
0 0 0
0 0 0
Non-proportional............................
Total AASB 1023............................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Description (1)
Other items description:
0
0
Total reinsurance business.........
Proportional.....................................
0
0
Total direct business.....................
0
0
0
0
0
Deferred acquisition costs Deferred before LAT Unearned acquisition costs write-down premium liability LAT write-down (3) (2) (4)
Section 3B: AASB 1023 Total
Amount (2)
Unexpired risk liability (5)
0
0
0
0
0
Deferred reinsurance expense (6)
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
0
0
0
0
0
Other items (7)
0
0
0
0
0
Printed: 11-Apr-2014 03:27 PM
0
0
0
0
0
AASB 1023 net premiums liabilities (8)
Page 56 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total premiums liabilities surplus / deficit..................................................................................................................
0
0
Total reinsurance business - Premiums liabilities surplus / deficit....................................................................
Total deferred reinsurance expense for future business not yet written..........................................................
0
Total direct business - Premiums liabilities surplus / deficit................................................................................
Section 3C: Total premiums liabilities surplus / deficit
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 57 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_116_0: Insurance Concentration Risk Charge
GRF_116_0: Insurance Concentration Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 58 of 157
0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
0
0
2.3.6. H3 reinstatement cost...................................................................................
2.3.7. H3 loss per event............................................................................................
0
2.3.5. H3 reinstatement premiums........................................................................
Total 0
Third event
0
Second event
2.3.4. H3 aggregate offset......................................................................................
First event
0
0
0
2.3.3. H3 reinsurance recoverables.....................................................................
2.3.2. Single event loss from H3 event.................................................................
2.3.1. Basis for determination of H3 requirement (Gross/Net).........................
2.3 H3 requirement......................................................................................................
2.2. End date of catastrophe reinsurance program...........................................
2.1. Commencement date of catastrophe reinsurance program.......................
2. Natural perils horizontal requirement (NP HR)..................................................
1.7. Less: Other adjustments................................................................................
1.6. Add: NP reinstatement cost............................................................................
1.5. Less: NP reinstatement premiums..............................................................
1.4. Net whole-of-portfolio loss...............................................................................
1.3. Less: NP reinsurance recoverables.............................................................
1.2. NP PML...............................................................................................................
1.1. Basis for determination of NP VR (Gross/Net)...........................................
1. Natural perils vertical requirement (NP VR)......................................................
GRF_116_0: Insurance Concentration Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 59 of 157
0
500
0
5. Adjustments to Insurance Concentration Risk Charge................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
9,500
10,000
4. LMI concentration risk charge..............................................................................
3.4. Add: OA reinstatement cost...............................................................................
3.3. Less: OA reinsurance recoverables................................................................
3.2. Less: PL adjustment to OA PML......................................................................
3.1. OA PML....................................................................................................................
3. Other accumulations vertical requirement (OA VR).......................................
2.5. PL offset.................................................................................................................
0
0
0
Page 60 of 157
Printed: 11-Apr-2014 03:27 PM
0
2.4.6. H4 reinstatement cost.....................................................................................
2.4.7. H4 loss per event..............................................................................................
0
2.4.5. H4 reinstatement premiums.........................................................................
Total 0
Fourth event
0
Third event
2.4.4. H4 aggregate offset.........................................................................................
Second event
0
2.4.3. H4 reinsurance recoverables.......................................................................
First event
2.4.2. Single event loss from H4 event...................................................................
2.4.1. Basis for determination of H4 requirement (Gross/Net).............................
2.4. H4 requirement.....................................................................................................
GRF_116_0: Insurance Concentration Risk Charge
Transitional?
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Description
Amount
GRF_116_0: Insurance Concentration Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 61 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
6. Insurance Concentration Risk Charge...............................................................
500
GRF_116_0: Insurance Concentration Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 62 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_116_1: Probable Maximum Loss for LMIs - Standard Loans
GRF_116_1: Probable Maximum Loss for LMIs - Standard Loans
Printed: 11-Apr-2014 03:27 PM
Page 63 of 157
< 3 years (...
5 < 10 year... >= 10 year...
Age 3 < 5 years...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
LVR greater... LVR less tha... Coverage p...
1.1. 100 per cent and top cover
Section 1: ADI
Total sum in... PD factor(6)
GRF_116_1: Probable Maximum Loss for LMIs - Standard Loans
LGD factor ...
Printed: 11-Apr-2014 03:27 PM
LGD factor (... PML (9)
Page 64 of 157
Weighted-avera...
Seasoning facto...
0
Total sum insure... PD factor (5)
0
0
LGD factor (6)
0
PML (7)
0
GRF_116_1: Probable Maximum Loss for LMIs - Standard Loans
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Weighted-avera...
1.2. Pool cover
Total
Printed: 11-Apr-2014 03:27 PM
0
Page 65 of 157
< 3 years (...
3 < 5 years...
5 < 10 year... >= 10 year...
Age
0
0
Total sum in... PD factor (6)
GRF_116_1: Probable Maximum Loss for LMIs - Standard Loans
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
LVR greater... LVR less tha... Coverage p...
2.1. 100 per cent and top cover
Section 2: Non-APRA regulated
Total
LGD factor ...
Printed: 11-Apr-2014 03:27 PM
LGD factor (... PML (9)
Page 66 of 157
Weighted-avera...
Seasoning facto...
0
Total sum insure... PD factor (5)
0
0
LGD factor (6)
0
PML (7)
0
GRF_116_1: Probable Maximum Loss for LMIs - Standard Loans
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Weighted-avera...
2.2. Pool cover
Total
Printed: 11-Apr-2014 03:27 PM
0
Page 67 of 157
0
GRF_116_1: Probable Maximum Loss for LMIs - Standard Loans
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total
0
Printed: 11-Apr-2014 03:27 PM
Page 68 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
Printed: 11-Apr-2014 03:27 PM
Page 69 of 157
Coverage ...
5 < 10 yea... >= 10 yea...
Age < 3 years (... 3 < 5 year...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
LVR greate... LVR less th...
1.1. 100 per cent and top cover
1. ADI
Total sum i...
PD factor(6)
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
Printed: 11-Apr-2014 03:27 PM
LGD factor ... LGD factor ... PML (9)
Page 70 of 157
0
0
0
0
0
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total
Printed: 11-Apr-2014 03:27 PM
0
Page 71 of 157
Weighted-average ag...
Seasoning factor (3)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Weighted-average LV...
1.2. Pool cover Total sum insured (4)
PD factor(5)
LGD factor (6)
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
Printed: 11-Apr-2014 03:27 PM
PML (7)
Page 72 of 157
0
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total
Printed: 11-Apr-2014 03:27 PM
0
Page 73 of 157
LVR greate... LVR less th...
Coverage ...
2.1. 100 per cent and top cover
Non-APRA regulated
5 < 10 yea... >= 10 yea...
Age < 3 years (... 3 < 5 year...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
2.
Total sum i...
PD factor(6)
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
Printed: 11-Apr-2014 03:27 PM
LGD factor ... LGD factor ... PML (9)
Page 74 of 157
0
0
0
0
0
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total
Printed: 11-Apr-2014 03:27 PM
0
Page 75 of 157
Weighted-average ag...
Seasoning factor (3)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Weighted-average LV...
2.2. Pool cover Total sum insured (4)
PD factor(5)
LGD factor (6)
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
Printed: 11-Apr-2014 03:27 PM
PML (7)
Page 76 of 157
0
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total
Printed: 11-Apr-2014 03:27 PM
0
Page 77 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_116_3: Probable Maximum Loss for LMIs - Commercial Loans
GRF_116_3: Probable Maximum Loss for LMIs - Commercial Loans
Printed: 11-Apr-2014 03:27 PM
Page 78 of 157
(2)
(1)
(3)
Non-APRA regulated
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
ADI
Factor (4)
Total sum insured
0
(5)
PML
0
GRF_116_3: Probable Maximum Loss for LMIs - Commercial Loans
Printed: 11-Apr-2014 03:27 PM
Page 79 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_116_4: LMI Concentration Risk Charge
GRF_116_4: LMI Concentration Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 80 of 157
0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0
1.1.2. ADI - pool cover........................................................................................................................
1.1.3. Non-APRA regulated - 100 per cent and top cover............................................................
1.1.4. Non-APRA regulated - pool cover.........................................................................................
1.2. Non-standard loans........................................................................................................................
1.2.1. ADI - 100 per cent and top cover...........................................................................................
1.2.2. ADI - pool cover.........................................................................................................................
1.2.3. Non-APRA regulated - 100 per cent and top cover............................................................
1.2.4. Non-APRA regulated - pool cover.........................................................................................
1.3. Commercial loans.........................................................................................................................
1.3.1. ADI..............................................................................................................................................
1.3.2. Non-APRA regulated...............................................................................................................
1.4. Total..................................................................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
0
PML
1.1.1. ADI - 100 per cent and top cover...........................................................................................
Sum insured
1.1. Standard loans...............................................................................................................................
1. Summary
GRF_116_4: LMI Concentration Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 81 of 157
Printed: 11-Apr-2014 03:27 PM
0
2.10. LMI Concentration Risk Charge / PML............................................................................................................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
2.9. LMI Concentration Risk Charge..........................................................................................................................................................................................................
2.8. Adjustments to LMICRC as approved by APRA...............................................................................................................................................................................
2.7. Net premiums liability deduction........................................................................................................................................................................................................
0
0
0
0
0
0
0
Total
2.6. PML net of reinsurance........................................................................................................................................................................................................................
0
0
3
2.5. Allowable reinsurance..........................................................................................................................................................................................................................
0
0
2
Year
0
1
Page 82 of 157
2.4. Available reinsurance................................................................................
2.3. Adjusted PML..............................................................................................
2.2. Adjustment to the PML..............................................................................
2.1. PML................................................................................................................
2. LMI Concentration Risk Charge (LMICRC) calculation
GRF_116_4: LMI Concentration Risk Charge
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_116_5: Probable Maximum Loss for LMIs - Additional Information
GRF_116_5: Probable Maximum Loss for LMIs - Additional Information
Printed: 11-Apr-2014 03:27 PM
Page 83 of 157
LVR less than...
Coverage pro...
< 3 years (4.1)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
LVR greater t...
5 < 10 years ... >= 10 years ...
Age 3 < 5 years (...
1.1. Standard and non-standard loans - 100 per cent and top cover
Section 1: Inwards reinsurance
Total inwards...
GRF_116_5: Probable Maximum Loss for LMIs - Additional Information
Printed: 11-Apr-2014 03:27 PM
Of which non-... Of which non...
Page 84 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Of which: non-standard loans....................................
Of which: non-APRA regulated..................................
0
0
0
0
GRF_116_5: Probable Maximum Loss for LMIs - Additional Information
Total..................................................................................
0
0
Page 85 of 157
Printed: 11-Apr-2014 03:27 PM
0
Weighted-av...
Total inwards... Of which non...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Weighted-av...
1.2. Standard and non-standard loans - pool cover
Of which non...
GRF_116_5: Probable Maximum Loss for LMIs - Additional Information
Printed: 11-Apr-2014 03:27 PM
Page 86 of 157
Of which nonAPRA regulated (2)
(3) 0
Of which nonstandard loans
0
0
GRF_116_5: Probable Maximum Loss for LMIs - Additional Information 0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
(2)
(1)
0
Of which nonAPRA regulated
Total inwards reinsurance
1.4. Total inwards reinsurance
Total inwards reinsurance (1)
1.3. Commercial loans
Total
Printed: 11-Apr-2014 03:27 PM
Page 87 of 157
Originator (2)
ACN/ABN (3)
Sum insured (4)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Large expos...
Section 2: Large liability exposures by originator
Open policy (...
GRF_116_5: Probable Maximum Loss for LMIs - Additional Information
Printed: 11-Apr-2014 03:27 PM
Page 88 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_117_0: Asset Concentration Risk Charge (GEN)
GRF_117_0: Asset Concentration Risk Charge (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 89 of 157
6,152
2. Adjusted net assets in Australia................
Non-reinsur... TermDeposit
Non-reinsur... Cash Mana...
Non-reinsur... TermDeposit
Non-reinsur... Cash Mana...
Non-reinsur... TermDeposit
Non-reinsur... TermDeposit
Non-reinsur... TermDeposit
Reinsurance Reinsurance
Non-reinsur... Intercompany Yes
National Au... National Au... 120040449
Maitland Mu...Maitland Mu...940876519
Bank of Ne... Bank of Ne...
ANZ Bank NZ ANZ Bank NZ
ANZ Bank NZ ANZ Bank NZ
ANZ Bank NZ ANZ Bank NZ
ANZ Bank NZ ANZ Bank NZ
First Austra... First Austra...
FAF Interna... FAF Interna...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Non-reinsur... TermDeposit
ANZ Bank ... ANZ Bank ... 110053575
Non-APR...
Non-reinsur... TermDeposit
Non-reinsur... TermDeposit
Descripti...
ANZ Bank ... ANZ Bank ... 110053575
Westpac
Westpac
330074571
Type of e...
Non-reinsur... TermDeposit
Westpac
Westpac
ACN / AB...
330074571
Counterp...
Name of ...
Section 1: Large exposures
Related p...
Grade 4
Grade 4
Grade 2
Grade 2
Grade 2
Grade 2
Grade 2
Grade 5
Grade 2
Grade 2
Grade 2
Grade 2
Grade 2
Counterp...
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Name of ...
Adjusted net assets in Australia for Category C insurers is calculated in form GRF 110.1 'Prescribed Capital Amount'
Capital base is calculated in form GRF 112.0 'Determination of Capital Base'
10,481
1. Capital base...................................................
Counterp...
GRF_117_0: Asset Concentration Risk Charge (GEN)
7
1,308
3,717
389
1,147
511
428
1,914
1,006
2,119
630
1,080
99
Exposure...
7
1,308
3,717
389
1,147
511
428
1,914
1,006
2,119
630
1,080
99
Exposure...
Printed: 11-Apr-2014 03:27 PM
Exposure...
Exposure amount
Page 90 of 157
Eligible credit supp... Asset exposure c...
Net exposure (4)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Counterparty gro...
Section 2B: Asset Concentration Risk Charge - reinsurance exposures
2.3. All other exposures
2.2.2. Total exposure
Asset Concentrati...
Adjustment for cu...
2,620
20,000
10,000
20,000
2,620
1.2. Exposures to reinsurers with a counterparty grade of 5, 6 or 7
2.1. Related parties that are part of an APRA regulated group
5,241
1.1. Exposures to reinsurers with a counterparty grade of 4
2. Non-reinsurance 2.2. Unrelated parties that are part of an APRA regulated group exposures 2.2.1. Long-term exposures
1. Reinsurance exposures
Section 2A: Asset Concentration Risk Charge limits
GRF_117_0: Asset Concentration Risk Charge (GEN)
Exposure subject ...
Printed: 11-Apr-2014 03:27 PM
Asset Concentrati...
Page 91 of 157
Eligible credit supp... Asset exposure c...
Net exposure (4)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Counterparty gro...
Section 2C: Asset Concentration Risk Charge - non-reinsurance exposures Of which: Long te...
Asset Concentrati...
GRF_117_0: Asset Concentration Risk Charge (GEN)
Asset Concentrati...
Printed: 11-Apr-2014 03:27 PM
Asset Concentrati...
Page 92 of 157
Page 93 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0 3.8. Adjustments to Asset Concentration Risk Charge as approved by APRA..........................................................................................................
0 3.7. Non-reinsurance Asset Concentration Risk Charge.......................................................................................................................................
0 3.6. Other........................................................................................................................................................................................................................
0 3.5. Unrelated parties part of an APRA-regulated group...................................................................................................................................
0 3.4. Related parties part of an APRA-regulated group...........................................................................................................................................
0 3.3. Reinsurance Asset Concentration Risk Charge.....................................................................................................................................................
Printed: 11-Apr-2014 03:27 PM
0 3.2. Reinsurers with counterparty grade 5, 6 or 7.........................................................................................................................................................................
0 3.1. Reinsurers with counterparty grade 4....................................................................................................................................................................................................................
Section 3: Totals and risk charges
GRF_117_0: Asset Concentration Risk Charge (GEN)
Transitional? (2)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Description (1)
Amount (3)
GRF_117_0: Asset Concentration Risk Charge (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 94 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0 3.9. Asset Concentration Risk Charge.....................................................................................................................................................................
GRF_117_0: Asset Concentration Risk Charge (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 95 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_118_0: Operational Risk Charge (GEN)
GRF_118_0: Operational Risk Charge (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 96 of 157
1,744
2.3. Central estimate of net insurance liabilities (ORCNI)...........................................................................................................................................
Transitional? (2)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Description (1)
Amount (3)
Page 97 of 157
Printed: 11-Apr-2014 03:27 PM
0
4,618
2.2. GWP for the 12 months ending on the date 12 months prior to the reporting date (ORCNI)........................................................................
3. Adjustments to Operational Risk Charge as approved by APRA.......................................................................................
166 5,536
2.1. GWP for the 12 months ending on the reporting date (ORCNI)..........................................................................................................................
0
2. Operational Risk Charge for business that is not inwards reinsurance (ORCNI).........................................................
1.3. Central estimate of net insurance liabilities (ORCI).............................................................................................................................................
1.2. GWP for the 12 months ending on the date 12 months prior to the reporting date (ORCI)...........................................................................
1.1. GWP for the 12 months ending on the reporting date (ORCI).............................................................................................................................
1. Operational Risk Charge for inwards reinsurance business (ORCI)..............................................................................
GRF_118_0: Operational Risk Charge (GEN)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Page 98 of 157
Printed: 11-Apr-2014 03:27 PM
166 4. Total Operational Risk Charge............................................................................................................................................................
GRF_118_0: Operational Risk Charge (GEN)
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_300_0_L: Statement of Financial Position ( L )
GRF_300_0_L: Statement of Financial Position ( L )
Printed: 11-Apr-2014 03:27 PM
Page 99 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
B - Subsidiary of Insurance Group
Category of Insurer
GRF_300_0_L: Statement of Financial Position ( L )
Printed: 11-Apr-2014 03:27 PM
Page 100 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
2.2.2 Provision for doubtful debts - recoveries other than reinsurance............................................................
Page 101 of 157
Printed: 11-Apr-2014 03:27 PM
0
0
2.2 Total net recoveries other than reinsurance receivable..............................................................................
2.2.1 Recoveries other than reinsurance...............................................................................................................
126
1,289
1,289
Total Amount
74
1,077
1,077
75
2.1 Total investment income receivable................................................................................................................
2. Receivables
1.4. Cash and liquid assets with related parties of the reporting insurer..............................................................
1.3 Securities purchased under agreements to resell...........................................................................................
1.2 Money at short call...................................................................................................................................................
1.1 Notes and coins.......................................................................................................................................................
1. Total cash and liquid assets.....................................................................................................................................
Assets
Amount Inside Australia
Probability of sufficiency of outstanding claims liabilities (%)...............................................................................
GRF_300_0_L: Statement of Financial Position ( L )
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
2.3.10.1 Total net premiums that are receivable from related parties.........................................................
2.3.10 Total net premiums receivables..................................................................................................................
2.3.9 Net amount receivable.....................................................................................................................................
2.3.8 Provision for doubtful debts............................................................................................................................
Page 102 of 157
Printed: 11-Apr-2014 03:27 PM
1,456
1,348
25
25
2.3.6 Net amount receivable......................................................................................................................................
0
4
4
2.3.5 Provision for doubtful debts.............................................................................................................................
0
29
29
2.3.4 Due in more than 6 months............................................................................................................................
2.3.7 On unclosed business....................................................................................................................................
1,431
1,323
1,431
2.3.3 Net amount receivable.....................................................................................................................................
2.3.2 Provision for doubtful debts............................................................................................................................
2.3.1 Due in 6 months or less..................................................................................................................................
1,323
0
0
2.2.2.1.1 Input tax credits on OCL included in item 2.2.2.1.........................................................................
2.3 Premiums receivables
0
0
2.2.2.1 Outstanding claims liabilities (OCL).......................................................................................................
Total net amounts recoverable (other than reinsurance recoveries receivable) that are reported in item 2.2 and that relate to claims recognised in the calculation of insurance liabilities that have not been paid.
GRF_300_0_L: Statement of Financial Position ( L )
Page 103 of 157
Printed: 11-Apr-2014 03:27 PM
5,989
5,878
2.9 Total receivables.....................................................................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
690
861
2,916
2.8 Other receivables......................................................................................................................................................
2.7 GST receivable........................................................................................................................................................
2.6 Current tax assets.................................................................................................................................................
governing law requirements.....................................................................................................................................
2.5.2 Net amounts of other reinsurance assets under reinsurance contracts that do not meet the
2.5.1 Net amounts of other reinsurance assets under reinsurance contracts that do not meet the reinsurance documentation test..............................................................................................................................
2.5 Other reinsurance assets...................................................................................................................................
2.4.5 Net reinsurance recoverables on outstanding claims and paid claims under reinsurance contracts that do not meet governing law requirements.......................................................................................
2.4.4 Net reinsurance recoverables on outstanding claims and paid claims under reinsurance contracts that do not meet the reinsurance documentation test..........................................................................
2.4.3 Total net amount recoverable on reinsurance contracts reported in item 2.4, that relates to claims recognised in the calculation of the OCL (ie other than reinsurance recoveries relating to claims that have been paid)........................................................................................................................................ 2,793
3,717
3,595
2.4.1 Amount recoverable from reinsurance contracts on outstanding claims and paid claims......................
2.4.2 Provision for doubtful debts - reinsurance recoverable on outstanding claims and paid claims............
3,717
3,595
2.4 Net amount recoverable from reinsurance contracts on outstanding claims and paid claims....................................................................................................................................................................
GRF_300_0_L: Statement of Financial Position ( L )
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
9.2 Liability adequacy test write-downs......................................................................................................................
9.1 Deferred acquisition costs prior to liability adequacy test write-downs..........................................................
9. Deferred acquisition costs.........................................................................................................................................
8.3 Deferred reinsurance expense under reinsurance contracts that do not meet governing law requirements..................................................................................................................................................................
8.2 Deferred reinsurance expense under reinsurance contracts that do not meet the reinsurance documentation test........................................................................................................................................................
8.1 Deferred reinsurance expense as reported under AASB 1023......................................................................
8. Deferred reinsurance expense.................................................................................................................................
7. Deferred levies and charges......................................................................................................................................
6.4 Other...........................................................................................................................................................................
6.3 Non-current assets and disposal groups classified as held for sale..........................................................
Page 104 of 157
Printed: 11-Apr-2014 03:27 PM
0
60
60
6.1 Prepayments............................................................................................................................................................
0
60
60
6. Total other assets.........................................................................................................................................................
6.2 Surplus in defined benefit superannuation fund...............................................................................................
0
11,119
0
6,249
5.3 Other...........................................................................................................................................................................
5.2 Attributable to insurance liability provisions.......................................................................................................
5.1 Carried forward unused tax losses......................................................................................................................
5. Total deferred tax assets.............................................................................................................................................
4. Total derivative financial instruments (related to GRF 114.2).............................................................................
3. Investments (related to GRF 114.4)..........................................................................................................................
GRF_300_0_L: Statement of Financial Position ( L )
693 639
693 639
11.1 Plant and equipment ...........................................................................................................................................
11.2 Accumulated depreciation / impairment...........................................................................................................
19,135
13,942
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Page 105 of 157
Printed: 11-Apr-2014 03:27 PM
624
624
12.5 Total intangible assets after amortisation and impairment........................................................................
13. Total assets.................................................................................................................................................................
3,233
3,233
3,857
3,233
3,233
3,857
12.4.3 Total accumulated amortisation and impairment - Identifiable intangible assets.............................
12.4.2 Accumulated impairment - Intangible assets with an indefinite life.................................................
12.4.1 Accumulated amortisation - Intangible assets with a finite life.........................................................
12.4 Accumulated amortisation and impairment - Identifiable intangible assets
12.3.3 Total identifiable intangible assets...........................................................................................................
12.3.2 Intangible assets with an indefinite life...................................................................................................
12.3.1 Intangible assets with a finite life.............................................................................................................
12.3 Identifiable intangible assets
12.2 Accumulated impairment - Goodwill.................................................................................................................
12.1 Goodwill.................................................................................................................................................................
12. Intangible assets
3,857
54
54
11. Total plant & equipment net of depreciation / impairment..............................................................................
3,857
0
10.4 Other.........................................................................................................................................................................
0
10.3 Joint ventures.........................................................................................................................................................
10.2 Associates..............................................................................................................................................................
10.1.1 Controlled entities..........................................................................................................................................
10.1 Parent entity............................................................................................................................................................
10. Total other investments.............................................................................................................................................
GRF_300_0_L: Statement of Financial Position ( L )
95 4,898
95 4,689
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
19.5.2 Term loans with fixed interest rate...........................................................................................................
19.5.1 Term loans with variable interest rate.....................................................................................................
19.5 Term loans:
19.4 Securities issued (eg promissory notes / commercial paper).....................................................................
19.3 Overdraft..................................................................................................................................................................
19.2 Finance lease liability...........................................................................................................................................
19.1 Securities sold under agreements to repurchase..........................................................................................
19. Total Borrowings........................................................................................................................................................
18. Unexpired risk liability..............................................................................................................................................
17. Unearned premium liability......................................................................................................................................
16. Outstanding claims liabilities................................................................................................................................. 16.1 Total OCL that is associated with claims / settlements in a currency other than the Australian currency).......................................................................................................................................................
0
95
95
15. Amounts due on reinsurance contracts..............................................................................................................
Page 106 of 157
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0
209
767
15.1 Amounts due on reinsurance contracts that are payable to related parties...............................................
2,679
767
14.2 Creditors and accruals.........................................................................................................................................
2,661
112
104
14.1 GST payable...........................................................................................................................................................
14.3 Total creditors/accruals that are payable to related parties..........................................................................
2,791
2,765
14. Total creditors and accruals...................................................................................................................................
Liabilities
GRF_300_0_L: Statement of Financial Position ( L )
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
22.4 Other liabilities.......................................................................................................................................................
22.3 Liabilities included in disposal groups classified as held for sale.............................................................
22.2 Deficit in defined benefit superannuation fund................................................................................................
22.1 Total derivative financial instruments................................................................................................................
22. Total other liabilities..................................................................................................................................................
21.4 Other........................................................................................................................................................................
21.3 Restructuring costs...............................................................................................................................................
21.2 Employee entitlements........................................................................................................................................
21.1 Dividends................................................................................................................................................................
21. Total provisions..........................................................................................................................................................
20.2 Deferred tax liability...............................................................................................................................................
20.1 Current tax liability.................................................................................................................................................
20. Total income tax liability...........................................................................................................................................
19.6.4 Denominated in a currency other than Australian currency....................................................................
19.6.3 Secured against assets of the insurer.......................................................................................................
19.6.2 Payable to other related parties...................................................................................................................
19.6.1.1 Payable to controlled entities................................................................................................................
19.6.1 Payable to parent entity.................................................................................................................................
19.6 Total borrowings which are
GRF_300_0_L: Statement of Financial Position ( L )
0
0
241
241
0
Printed: 11-Apr-2014 03:27 PM
0
0
241
241
3
3
Page 107 of 157
11,107
6,152
25. Net assets....................................................................................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
26.3 Other.........................................................................................................................................................................
0
Page 108 of 157
Printed: 11-Apr-2014 03:27 PM
0
15,573
15,573
26.1 Ordinary shares....................................................................................................................................................
26.2 Preference shares................................................................................................................................................
15,573
15,573
26. Total share capital....................................................................................................................................................
Shareholders' equity
8,028
0
7,790
0
24. Total liabilities..............................................................................................................................................................
23.3.4 Denominated in a currency other than Australian currency...................................................................
23.3.3 Secured against assets of the insurer........................................................................................................
23.3.2 Payable to other related parties..................................................................................................................
23.3.1.1 Payable to controlled entities................................................................................................................
23.3.1 Payable to parent entity.................................................................................................................................
23.3 Total loan capital and hybrid securities which are:
23.2 Hybrid securities....................................................................................................................................................
23.1 Loan capital............................................................................................................................................................
23. Total loan capital and hybrid securities...............................................................................................................
GRF_300_0_L: Statement of Financial Position ( L )
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
30.4 Net surplus / deficit relating to insurance liabilities.....................................................................................
30.3 Tax effect of net OCL and premiums liabilities surplus / deficit......................................................................
30.2.3 Total premiums liabilities surplus / (deficit)..............................................................................................
30.2.2 Deferred reinsurance expense for future business not yet written.......................................................
30.2.1 Premiums liabilities surplus/(deficit)..........................................................................................................
30.2. Premiums liabilities surplus / (deficit) calculation:
30.1 OCL surplus / (deficit)...........................................................................................................................................
0
Page 109 of 157
Printed: 11-Apr-2014 03:27 PM
0
0
11,107
6,152
29. Total shareholders' equity attributable to shareholders of the company...................................................
0
-4,822
-9,421
28. Retained earnings at the end of the period.............................................................................................................
30. Additional disclosure required for the adjusted net assets in Australia calculation
0
356
0
0
0
356
27.7 Other reserves........................................................................................................................................................
27.6 Share-based payments reserve.........................................................................................................................
27.5 Cash flow hedge reserve.....................................................................................................................................
27.4 Foreign currency translation reserve.................................................................................................................
27.3.7 Other..................................................................................................................................................................
27.3.6 Relating to non-current assets or disposal groups held for sale.........................................................
27.3.5 Investments in associates / share of associates ARR...........................................................................
27.3.4 Investment in controlled entities..................................................................................................................
27.3.3 Intangibles revaluation surplus...................................................................................................................
27.3.2 Plant and equipment......................................................................................................................................
27.3.1 Property............................................................................................................................................................
27.3 Total asset revaluation reserve..........................................................................................................................
27.2 Capital profits reserve..........................................................................................................................................
27.1 General reserve......................................................................................................................................................
27. Total reserves............................................................................................................................................................
GRF_300_0_L: Statement of Financial Position ( L )
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_310_0_L: Income Statement
GRF_310_0_L: Income Statement
Printed: 11-Apr-2014 03:27 PM
Page 110 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
B - Subsidiary of Insurance Group
Category of Insurer
GRF_310_0_L: Income Statement
Printed: 11-Apr-2014 03:27 PM
Page 111 of 157
283
Net claims expense....................................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Commission expense.................................................................................................................
Commission revenue.................................................................................................................
Levies and charges....................................................................................................................
Results of liability adequacy tests (prior years)....................................................................
Results of liability adequacy tests (current year)....................................................................
Acquisition costs (excluding the results of the liability adequacy tests)............................
net claims expense................................................................................................................
Net claims expense which is: Non-recurring items that are part of total -217
500
1,192
Total recoveries............................................................................................................................
Net claims expense which is: Current period net claims expense................................
1,192
Reinsurance recoveries revenue relating to current and prior years................................
Non-reinsurance recoveries revenue.......................................................................................
Gross claims expense...............................................................................................................
Movement in OCL.....................................................................................................................
Paid claims............................................................................................................................ 1,475
-535
Associated with inwards reinsurance:
2,010
Movement in OCL..................................................................................................................
5,281
255
5,536
Paid claims............................................................................................................................
Associated with direct business:
Claims expense:
Net premium revenue................................................................................................................
Outwards reinsurance expense relating to current and prior years cover......................
Total premium revenue...............................................................................................................
Fire service levy (and other levies imposed by state and territory governments)........
Inwards reinsurance...............................................................................................................
5,536
GRF_310_0_L: Income Statement
Direct business......................................................................................................................
Premium revenue:
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Page 112 of 157
4,889
Underwriting result......................................................................................................................
6,558
Other operating expenses...........................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Retained earnings at the end of the reporting period............................................................
Dividends declared or paid..........................................................................................................
Total available for appropriation...........................................................................................
Amounts transferred to / from reserves...................................................................................
Reduction in retained earnings on share buy back.................................................................................
policies / standards.....................................................................................................................
Adjustments to retained earnings due to change in accounting
Retained earnings at the beginning of the financial year..........................................................
Opening / closing balance of retained earnings (non Category C insurers only)
Net profit (loss) after income tax attributable to members of the company..................
Profit (loss) from discontinued operations after income tax...............................................
-4,822
-4,822
-5,188
366
366
17
Income tax expense (benefit) from continuing operations.....................................................
Profit (loss) from continuing operations after income tax.................................................
383
Profit (loss) from continuing operations before income tax expense (benefit)..........
sale and not qualifying as discontinued operations............................................................
Profit (loss) from non-current assets and disposal groups classified as held for
Bargain purchase immediately recognised in profit or loss................................................
1,566
393
4,982
Other operating income..............................................................................................................
Investment income on shareholders' funds............................................................................
Insurance result.........................................................................................................................
Investment expenses on assets backing insurance liabilities...........................................
93
109
Total underwriting expenses...................................................................................................
Investment income on assets backing insurance liabilities.............................................
109
GRF_310_0_L: Income Statement
Other underwriting expenses.....................................................................................................
Printed: 11-Apr-2014 03:27 PM
Page 113 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Retained earnings at the end of the reporting period.............................................................
Head office transfers declared or paid......................................................................................
Aggregate of other amounts.........................................................................................................
Aggregate of amounts transferred to parent entity (i.e. dividends).......................................
Aggregate of amounts transferred from parent entity (i.e. contributions of capital).......
Aggregate of amounts transferred from / to reserves.........................................................
policies / standards........................................................................................................................
Adjustments to retained earnings due to change in accounting
Retained earnings at the beginning of the financial year.....................................................
Opening / closing balance of retained earnings (Category C insurers only)
GRF_310_0_L: Income Statement
0
Printed: 11-Apr-2014 03:27 PM
Page 114 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Nil Form
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_310_1_L: Premium Revenue and Reinsurance Expense (L)
GRF_310_1_L: Premium Revenue and Reinsurance Expense (L)
Printed: 11-Apr-2014 03:27 PM
Page 115 of 157
5,536
Other dire...
Of which... AASB 10...
AASB 10... 5,536
AASB 10...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total gro...
Class of ...
Section 1: Direct Business:
5,536
Fire serv... AASB 10... 255
Full cost ... GRF 300... 255
GRF 300... Total Rei...
GRF_310_1_L: Premium Revenue and Reinsurance Expense (L)
255
Total rei...
45,464
Number ...
Printed: 11-Apr-2014 03:27 PM
5,281
Net pre...
Page 116 of 157
Of which:... AASB 102... AASB 102... AASB 102... Fire servi...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of b... Total gro...
Section 2A: Reinsurance business AASB 102... Full cost ...
GRF 300....
GRF_310_1_L: Premium Revenue and Reinsurance Expense (L)
GRF 300....
Net premi...
Total rein...
Printed: 11-Apr-2014 03:27 PM
Total Rei...
Page 117 of 157
0 0 0 0
0
0
0
Non-proportional....................
Total............................................. 5,536
0
0
0
0
0
AASB 1023 Gross UPL at beginning of financial year (4) AASB 1023 Gross UPL at end of period (5)
0
0
0
0
0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Other related entities......................
Associates / Joint ventures................
the parent........................................
Controlled entities of
Controlled entities /
Parent entity.......................................
Of which is from / with:
business.....................................
Proportional..............................
Total reinsurance
0
Of which: Gross written premium Total revenue gross relating written to uncpremium losed revenue business (2) (3)
Total direct business...................5,536
Section 3: Total
5,536
0
0
0
5,536
0
0
0
0
0
5,536
0
0
0
5,536
255
0
0
0
255
0
0
0
0
0
0
0
0
0
0
255
0
0
0
255
5,281
0
0
0
5,281
45,464
45,464
5,281
5,281
Premium rec'd Number on a of risks cashflow written basis (15) (16)
Page 118 of 157
Printed: 11-Apr-2014 03:27 PM
255
0
0
0
255
Fire service levy and other AASB levies AASB Full cost Total 1023 imposed 1023 of reinsu- GRF 300.0 reinsGross by state Gross rance DRE at urance earned and earned entered begin- GRF 300.0 Total expense premium territory premium into in ning of DRE at ReinsNet per (exclud- govern- (includthe financial end of urance premium AASB ing FSL) ments ing FSL) period year period expense revenue 1023 (6) (7) (8) (9) (10) (11) (12) (13) (14)
GRF_310_1_L: Premium Revenue and Reinsurance Expense (L)
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Nil Form
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_310_2_L: Claims Expense and Reinsurance Recoveries (L)
GRF_310_2_L: Claims Expense and Reinsurance Recoveries (L)
Printed: 11-Apr-2014 03:27 PM
Page 119 of 157
3,302
Claim p...
6,725
OCL at ...
4,898
OCL at ... 1,475
Total gr...
Non-rei...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Other dire...
Class of...
Section 1: Direct business
Non-rei...
Non-rei...
Non-rei... 0
3,441
Reinsur... 5,165
Reinsur... 2,916
Reinsur...
GRF_310_2_L: Claims Expense and Reinsurance Recoveries (L)
1,192
Reinsur...
500
Current...
-217
Non-rec...
Printed: 11-Apr-2014 03:27 PM
283
Net clai...
Page 120 of 157
Claim p...
OCL at ...
OCL at ...
Total gr...
Non-rei...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of...
Section 2: Reinsurance business
Non-rei...
Non-rei...
Non-rei...
Reinsur...
Reinsur...
Reinsur...
GRF_310_2_L: Claims Expense and Reinsurance Recoveries (L)
Reinsur...
Current...
Non-rec...
Printed: 11-Apr-2014 03:27 PM
Net clai...
Page 121 of 157
0
0
6,725
0
0
Proportional.......................
Non-proportional.................
TOTAL................................... 3,302
4,898
0
0
0
4,898
0
0
0
0
0
0
0
0
0
0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Other related entities.................................................................
Associates / Joint ventures....................................................................
Controlled entities / Controlled entities of the parent.................................................................................
1,475
0
0
0
1,475
0
0
0
0
0
0
0
0
0
0
3,441
0
0
0
3,441
5,165
0
0
0
5,165
2,916
0
0
0
2,916
ReinsurNon-reins- Non-reinsNon-reins- Reinsurance urance urance Non-reins- urance ance recovReinsurrecovrecovurance recovrecoveries ance eries ries recei- recoveries eries receivrecovable at revenue vable at eries revenue revenue eries Total received beginning receirelating received beginning receivin the of able at gross of vable at to current in the claims current financial end of and prior current financial end of year year period years year year period expense (9) (5) (6) (7) (8) (10) (11) (12)
Parent entity.................................................................................
Of which is from / with:
0
0
business.................................
Total reinsurance
6,725
Claim payments OCL at made in beginning the of OCL at current financial end of year year period (2) (3) (4)
Total direct business............ 3,302
Section 3: Total
1,192
0
0
0
1,192
283
0
0
0
283
Reinsurance recoveries revenue relating to current Net and prior claims years expense (13) (14)
GRF_310_2_L: Claims Expense and Reinsurance Recoveries (L)
-217
0
0
0
-217
431
431
2,010
2,010
Claims paid (cashflow basis) (18)
Printed: 11-Apr-2014 03:27 PM
500
0
0
0
500
Current period net claims expense (15)
Non-rec- Reinsururring ance items recovthat are eries part of received total net (cashclaims flow expense basis) (16) (17)
Page 122 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Nil Form
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_310_3_L: Details of Income and Expenses
GRF_310_3_L: Details of Income and Expenses
Printed: 11-Apr-2014 03:27 PM
Page 123 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
1.4.3. Other....................................................................................................................
1.4.2. Other related parties........................................................................................
1.4.1. Parent & controlled entities..............................................................................
1.4. Total trust distributions.......................................................................................
1.3.3 Other....................................................................................................................
1.3.2. Other related parties........................................................................................
1.3.1. Parent & controlled entities.............................................................................
1.3. Total rental income..............................................................................................
1.2.3. Other.....................................................................................................................
1.2.2. Other related parties.........................................................................................
1.2.1. Parent & controlled entities................................................................................
1.2. Total dividend income..........................................................................................
1.1.4. Other.....................................................................................................................
1.1.3. Derivatives...........................................................................................................
1.1.2. Other related parties..........................................................................................
1.1.1. Parent & controlled entities...........................................................................
1.1. Total interest income.............................................................................................
1. Investment income
0
0
0
402
84
486
GRF_310_3_L: Details of Income and Expenses
Printed: 11-Apr-2014 03:27 PM
Page 124 of 157
Amount
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Other distributions (please specify)
1.5. Total other distributions.......................................................................................
0
GRF_310_3_L: Details of Income and Expenses
Printed: 11-Apr-2014 03:27 PM
Page 125 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
1.8.1.4. Loans and advances..................................................................................
1.8.1.3. Property investments................................................................................
1.8.1.2. Equity investments.....................................................................................
1.8.1.1. Interest rate investments..........................................................................
1.8.1. Direct investments:
1.8. Total realised gains / losses on investments..................................................
1.7.2.1. Units in trusts / managed investment vehicles.......................................
1.7.2 Indirect Investments:
1.7.1.5. Derivatives (other than foreign exchange)..............................................
1.7.1.4. Loans and advances..................................................................................
1.7.1.3. Property investments.................................................................................
1.7.1.2. Equity investments...................................................................................
1.7.1.1. Interest rate investments.............................................................................
1.7.1 Direct Investments:
1.7. Total unrealised gains / losses on investments...................................................
1.6.2. Derivatives.........................................................................................................
1.6.1. Investments (other than derivatives)............................................................
(realised and unrealised):
1.6 Total foreign exchange gains / losses relating to investments
1.5.2. Other related parties..........................................................................................
1.5.1. Parent & controlled entities...............................................................................
0
0
0
GRF_310_3_L: Details of Income and Expenses
Printed: 11-Apr-2014 03:27 PM
Page 126 of 157
Amount
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Other investment income (please specify)
1.9. Total other investment income............................................................................
1.8.2.1. Units in trusts / managed investment vehicles...................................
1.8.2. Indirect Investments:
0
GRF_310_3_L: Details of Income and Expenses
1.8.1.5. Derivatives (other than foreign exchange)...........................................
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Page 127 of 157
93
1.10.2. which is attributable to policyholders' funds..............................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
2.3.3. Other assets......................................................................................................
2.3.2. Investment in associates / joint ventures......................................................
2.3.1. Investment in controlled entities...................................................................
2.3. Total net increment / decrement (or write-down) from revaluation........
2.2.3. Other..................................................................................................................
2.2.2.2. Derivatives (hedging claims exposure).................................................
2.2.2.1. Underlying exposure....................................................................................
2.2.2. Claims liability
2.2.1.2. Derivatives (hedging borrowing exposure)..........................................
2.2.1.1. Underlying exposure.......................................................................................................
2.2.1. Borrowings
2.2. Total foreign exchange gains / losses (realised and unrealised)...............
2.1.4. Other assets......................................................................................................
2.1.3. Investments in associates / joint ventures..................................................
2.1.2. Investments in controlled entities................................................................
2.1.1. Insurance portfolios........................................................................................
2.1. Total realised gains / losses.................................................................................
0
0
0
393
1.10.1. which is attributable to shareholders' funds................................................
2. Operating income
486
1.10. Total Investment Income...................................................................................
GRF_310_3_L: Details of Income and Expenses
Printed: 11-Apr-2014 03:27 PM
Page 128 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
2.7. Total other operating income.................................................................................
2.6. Total income from life insurance business....................................................
2.5.4. Other...................................................................................................................
2.5.3. Scrip lending.........................................................................................................
2.5.2. Underwriting activities......................................................................................
2.5.1. Funds management........................................................................................
2.5. Total fees and commissions.......................................................................................
accounted for using the equity method of accounting
2.4. Share of net profits (losses) of associates and joint ventures
1,566
0
GRF_310_3_L: Details of Income and Expenses
Printed: 11-Apr-2014 03:27 PM
Page 129 of 157
Amount
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Fees and Commisions
Misc IT and Finance Income
Other operating income (please specify)
1,386
180
GRF_310_3_L: Details of Income and Expenses
Printed: 11-Apr-2014 03:27 PM
Page 130 of 157
2,585
452
3.3.3. Other....................................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
239
-421
3.3.1.2. Other..............................................................................................................
3.3.2. Operating lease rentals..................................................................................
28 449
3.3.1.1. Plant and equipment................................................................................
719
3.3. Total occupancy and equipment expenses.....................................................
3.3.1. Depreciation / impairment.............................................................................
444
3.2.3. Other employee related costs.........................................................................
3.2.2. Share-based payment expenses..................................................................
3,029
3.2.1. Wages & salaries............................................................................................
0
1,566
3.2. Total personnel expenses.......................................................................................
3.1.5.4. Other related parties....................................................................................
3.1.5.3. Associates / joint ventures............................................................................
3.1.5.2. Controlled entities.........................................................................................
3.1.5.1. Parent entity................................................................................................
3.1.5. Total interest expense paid to:
3.1.4. Derivatives........................................................................................................
3.1.3. Other interest bearing liabilities......................................................................
3.1.2. Loan capital.........................................................................................................
3.1.1. Borrowings.........................................................................................................
3.1. Total interest expense.............................................................................................
3. Operating expenses
2.8. Total operating Income.............................................................................................
GRF_310_3_L: Details of Income and Expenses
Printed: 11-Apr-2014 03:27 PM
Page 131 of 157
273 106 141
3.4.6. Consulting fees................................................................................................
3.4.7. Actuarial fees......................................................................................................
3.4.8. Directors fees......................................................................................................
6,558
3.5. Total operating expenses........................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
1,726
3.4.10. Other..................................................................................................................
3.4.9. Bad & doubtful debts.......................................................................................
3.4.5.2. Non-audit related services provided by audit firm...................................
115
449
2,810
3.4.5.1. Audit related services................................................................................
3.4.5. Fees for:
3.4.4. Other management fees...................................................................................
3.4.3.1. Of which: on assets backing insurance liabilities.................................
3.4.3. Investment management fees........................................................................
3.4.2. Amortisation of intangible assets with a finite useful life............................
3.4.1.3. Other assets..................................................................................................
3.4.1.2. Intangible assets with an indefinite useful life.......................................
3.4.1.1. Goodwill...........................................................................................................
3.4.1. Impairment of:
3.4. Total other operating expenses..........................................................................
GRF_310_3_L: Details of Income and Expenses
Printed: 11-Apr-2014 03:27 PM
Page 132 of 157
0
Other direct - categor...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Acquisition costs (ex... Results of LAT (curr...
Class of business (1)
Section 1: Direct Business
4. Underwriting expenses and Acquisition costs
Levies and charges (4)
Commission revenue... Commission expens...
GRF_310_3_L: Details of Income and Expenses
109
Total underwriting e...
Printed: 11-Apr-2014 03:27 PM
109
Other underwriting ...
Page 133 of 157
Acquisition costs (ex... Results of LAT (curr...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of business (1)
Section 2: Reinsurance business Levies and charges (4)
Commission revenue... Commission expens...
GRF_310_3_L: Details of Income and Expenses
Total underwriting e...
Printed: 11-Apr-2014 03:27 PM
Other underwriting ...
Page 134 of 157
0 0 0 0
0 0 0 0
Proportional.................................................................
Non-Proportional..........................................................
Total..................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
0
Total reinsurance business........................................
Acquisition Results of LAT costs (excluding (current and LAT results) prior years) (2) (3)
Total direct business.....................................................
Section 3: Total
Levies and charges (4)
0
0
0
0
0
Commission revenue (5)
GRF_310_3_L: Details of Income and Expenses
0
0
0
0
0
Commission expense (6)
0
0
0
0
0
109
0
0
0
109
Total underwriting expenses (8)
Printed: 11-Apr-2014 03:27 PM
109
0
0
0
109
Other underwriting expenses (7)
Page 135 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Nil Form
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_400_0_L: Statement of Risk by Country (L)
GRF_400_0_L: Statement of Risk by Country (L)
Printed: 11-Apr-2014 03:27 PM
Page 136 of 157
0
255
0
5,536
Total
0
1,244
1,573
253
5,283
Australia
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
relating to current and prior years..................1,192
4. Reinsurance recoveries revenue
3.2 Inwards reinsurance...........................
3.1 Direct............................................................ 1,475
3. Claims expense relating to current and prior years
2.2 Inwards reinsurance..........................
2.1 Direct....................................................
2. Reinsurance expense
1.2 Inwards reinsurance...........................
1.1 Direct ....................................................
1. Premium revenue
-52
-98
2
253
New Zealand USA
UK
GRF_400_0_L: Statement of Risk by Country (L)
Japan
Other
Printed: 11-Apr-2014 03:27 PM
Sth East Asia (excluding Continental Japan) Europe
Page 137 of 157
0
9. Other reinsurance assets................
7,790
8,028
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
3,101
3,130
4,689
18. Total liabilities....................................
0
4,898
0
17. Other..................................................
16. Borrowings/loan capital..................
15. Outstanding claims liabilities........
14. Unearned premium liability.............
Liabilities
4,098 13,942
4,299 19,135
6,249
13. Total assets.......................................
0
3,595
319
238
29
209
5,193
201
4,870
122
167
0
0
0
0
GRF_400_0_L: Statement of Risk by Country (L)
12. All other assets.................................
11. Other investments...............................
11,119
0
8. Deferred reinsurance expense.......
10. Investments.......................................
0
3,717
7. Deferred acquisition costs...............
outstanding claims................................
reinsurance contracts &
6. Amounts recoverable on
Assets
5. Investment Income.......................................... 486
0
0
0
0
0
0
Printed: 11-Apr-2014 03:27 PM
0
0
Page 138 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Nil Form
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_410_0_L: Movement in Outstanding Claims Liabilities
GRF_410_0_L: Movement in Outstanding Claims Liabilities
Printed: 11-Apr-2014 03:27 PM
Page 139 of 157
Current accdt/UW year
568
1,110
OCL net of ... 14
Reserve rel...
Reserve str...
Accdt/UW year - Previous 1-3 yrs
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Other direct - ...
Class of bus... OCL net of ...
Section 1: Direct business
0
268
OCL net of ... 20
Reserve rel...
Reserve str...
Accdt/UW year - Previous 4-5 yrs
GRF_410_0_L: Movement in Outstanding Claims Liabilities
0
177
OCL net of ...
Reserve str... 0
Printed: 11-Apr-2014 03:27 PM
15
Reserve rel...
Accdt/UW year - >5 yrs previous
Page 140 of 157
Current accdt/UW year OCL net of ...
Reserve rel...
Reserve str...
Accdt/UW year - Previous 1-3 yrs
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of bus... OCL net of ...
Section 2: Reinsurance
OCL net of ...
Reserve rel...
Reserve str...
Accdt/UW year - Previous 4-5 yrs
GRF_410_0_L: Movement in Outstanding Claims Liabilities
OCL net of ...
Reserve str...
Printed: 11-Apr-2014 03:27 PM
Reserve rel...
Accdt/UW year - >5 yrs previous
Page 141 of 157
0 0 0 1,110
0 0 0
568
Total reinsurance business..........
Proportional..................................
Non-proportional....................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total........................................................
1,110
568
Total direct business....................
Section 3: Total
14
0
0
0
14
0
0
0
0
0
268
0
0
0
268
20
0
0
0
20
GRF_410_0_L: Movement in Outstanding Claims Liabilities
0
0
0
0
0
177
0
0
0
177
0
0
0
0
0
Printed: 11-Apr-2014 03:27 PM
15
0
0
0
15
Page 142 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_420_0_L: Premium Revenue by State and Territory of Australia (L)
GRF_420_0_L: Premium Revenue by State and Territory of Australia (L)
Printed: 11-Apr-2014 03:27 PM
Page 143 of 157
NSW
1,940
VIC 1,410
QLD 580
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Other direct - c...
Class of busin...
SA 638
WA 491
TAS 91
ACT
GRF_420_0_L: Premium Revenue by State and Territory of Australia (L)
108
NT 5,283
Printed: 11-Apr-2014 03:27 PM
25
Total
Page 144 of 157
1,940
NSW
VIC 1,410
QLD 580
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total business
SA 638
WA 491
TAS 91
ACT
GRF_420_0_L: Premium Revenue by State and Territory of Australia (L)
108
NT
Total 5,283
Printed: 11-Apr-2014 03:27 PM
25
Page 145 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_430_0_L: Claims Expense by State and Territory of Australia (L)
GRF_430_0_L: Claims Expense by State and Territory of Australia (L)
Printed: 11-Apr-2014 03:27 PM
Page 146 of 157
NSW
3,434
VIC -1,088
QLD
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Other direct - cat...
Class of business 138
SA -711
WA 43
TAS -84
ACT
GRF_430_0_L: Claims Expense by State and Territory of Australia (L)
-130
NT
1,573
Printed: 11-Apr-2014 03:27 PM
-29
Total
Page 147 of 157
NSW
3,434
-1,088
VIC
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total business
QLD 138
SA -711
WA 43
TAS -84
GRF_430_0_L: Claims Expense by State and Territory of Australia (L) ACT -130
-29
1,573
Total
Printed: 11-Apr-2014 03:27 PM
NT
Page 148 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Nil Form
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_440_0_L: Claims Development Table (L)
GRF_440_0_L: Claims Development Table (L)
Printed: 11-Apr-2014 03:27 PM
Page 149 of 157
4,022
2,999
2,415
3,225
6,061
5,182
4,363
3,808
3,639
4,984
Other direc... Accident Y...
Other direc... Accident Y...
Other direc... Accident Y...
Other direc... Accident Y...
Other direc... Accident Y...
Other direc... Accident Y...
Other direc... Accident Y...
Other direc... Accident Y...
Other direc... Accident Y...
Other direc... Accident Y...
4,348
3,596
3,741
4,285
5,071
5,898
3,012
2,258
2,836
3,842
4,417
5,281
Net earn... 7
33
37
48
33
24
22
19
7
11
22
19
Number ...
0
0
0
0
0
10
1
1
2
4
10
23
Number ...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
4,618
Other direc... Accident Y...
Gross ea...
5,536
Accident ...
Other direc... Current Ac...
Class of ...
Section 1: Direct Business
1,324
2,483
3,325
3,962
2,489
1,265
1,180
151
27
145
92
20
668
500
500
408
500
500
313
120
27
145
92
20
Gross clai... Net claim...
0
0
335
327
393
11
9
46
30
93
184
28
Gross cas...
0
0
0
49
0
0
0
46
30
93
104
28
0
0
2
52
34
112
163
178
316
517
726
1,203
Net case ... Gross IB...
GRF_440_0_L: Claims Development Table (L)
1,324
2,483
3,662
4,341
2,916
1,388
1,352
375
373
755
1,002
1,251
668
500
500
469
500
500
371
233
179
456
500
500
Total net...
Printed: 11-Apr-2014 03:27 PM
0
0
0
12
0
0
58
67
122
218
304
452
Net IBNR... Total gro...
Page 150 of 157
Underwri...
Gross wri...
Net writt...
Number ...
Number ...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of ...
Section 2: Reinsurance Business Gross clai... Net claim...
Gross cas...
Net case ... Gross IB...
GRF_440_0_L: Claims Development Table (L)
Total net...
Printed: 11-Apr-2014 03:27 PM
Net IBNR... Total gro...
Page 151 of 157
5,376 0 0 0 5,376
21,222 0 0 0 21,222
Total Reinsurance Business.................
Proportional............................................
Non-proportional.....................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
TOTAL...........................................................
Total Direct Business................................
Total net ultimate cost (IUD) (3)
Total gross ultimate cost (IUD) (2)
Section 3: Total
16,463
0
0
0
16,463
Gross claim payments (4)
3,793
0
0
0
3,793
Net claim payments (5)
4,759
0
0
0
4,759
1,583
0
0
0
1,583
103
0
0
0
103
Discount on Gross Net net outstanding outstanding outstanding claims (IUD) claims (IUD) claims (8) (6) (7)
GRF_440_0_L: Claims Development Table (L)
238
0
0
0
238
APRA risk margin on net outstanding claims (10)
1,982
0
0
0
1,982
APRA net OCL (11)
Printed: 11-Apr-2014 03:27 PM
264
0
0
0
264
Claims handling expenses on net outstanding claims (9)
Page 152 of 157
First American Title Insurance Company of Australia Pty Limited
Scale Factor
Thousands
64075279908
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Reporting Consolidation Licensed Insurer
Institution Name
Australian Business Number
GRF_460_0: Reinsurance Assets by Counterparty
GRF_460_0: Reinsurance Assets by Counterparty
Printed: 11-Apr-2014 03:27 PM
Page 153 of 157
Reinsurer identifier (2)
Counterparty APRA group counterparty name grade (3) (4)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First Americ... unassigned
Name of counterparty (reinsurer) (1)
Major form of collateral / guarantee (5) Group domicile (9)
United States United States
APRA counterparty Amount grade after of collateral / collateral / Counterparty guarantee guarantee domicile (7) (6) (8)
GRF_460_0: Reinsurance Assets by Counterparty
1,456
Central estimate of reinsurance recoverables (10)
2,262
Reinsurance recoverable outstanding from second annual balance date after the event central estimate (12)
Deferred reinsurance expense (13)
Printed: 11-Apr-2014 03:27 PM
Net reinsurance recoverable on paid claims overdue for more than 6 months - central estimate (11)
Page 154 of 157
1,456
Total..........................................................................................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
0 Other..........................................................................................................................................................................
GRF_460_0: Reinsurance Assets by Counterparty
2,262
0
0
Printed: 11-Apr-2014 03:27 PM
0
Page 155 of 157
First American Title Insurance Company of Australia Pty Limited
Scale Factor
Thousands
64075279908
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Reporting Consolidation Licensed Insurer
Institution Name
Australian Business Number
GRF_460_1: Exposure Analysis by Reinsurance Counterparty
GRF_460_1: Exposure Analysis by Reinsurance Counterparty
Printed: 11-Apr-2014 03:27 PM
Page 156 of 157
Reinsurer identifier (2)
First Americ... Grade 3
Group domicile (6)
United States United States
Counterparty APRA group counterparty Counterparty domicile name grade (4) (5) (3)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First Americ... unassigned
Name of counterparty (reinsurer) (1)
Impact on capital base and prescribed capital amount
-3,622
Total impact on capital base (7)
309
Total impact on Insurance Risk Charge (8)
9,500
-320
Total impact on Total Asset impact on Risk Insurance Charge Concentration (after Risk aggregation Charge formula) (9) (10)
GRF_460_1: Exposure Analysis by Reinsurance Counterparty
9,049
Total impact on prescribed capital amount (13)
Printed: 11-Apr-2014 03:27 PM
Total impact on Total Asset impact on Concentration Operational Risk Risk Charge Charge (11) (12)
Page 157 of 157
Patti Eyers Chief Executive Officer First American Title Insurance Company of Australia Pty Limited PO Box Q1465 QVB Post Office SYDNEY NSW 2000
Dear Patti
Review of Actuarial Information in Financial Statements as at 31 December 2013 Finity Consulting Pty Limited (Finity) has been asked by First American Title Insurance Company of Australia Pty Limited (FATICA) to carry out a review of the actuarial information contained in FATICA’s 31 December 2013 financial statements, and provide an opinion as to its appropriateness. The review is required under Section 78 of the Insurance (Prudential Supervision) Act 2010. This letter sets out the findings of our review, as required under Section 78 of the Act.
Our Review Gae Robinson is an employee of Finity and is the Appointed Actuary of FATICA. Gae Robinson and Finity have no relationship with FATICA apart from the Appointed Actuary role. FATICA sought and adopted the Appointed Actuary’s advice in respect of actuarial information contained in its 31 December 2013 financial statements. Our advice was set out in a valuation report “Valuation of Insurance Liabilities as at 31 December 2013” dated 28 March 2014, and included estimates of FATICA’s Net Outstanding Claims Liability. We note that FATICA has no unearned premium and no Premium Liabilities. FATICA adopted our estimates in its financial statements without alteration. We reviewed FATICA’s financial statements as at 31 December 2013. In my opinion, and from an actuarial perspective:
x
The actuarial information contained in the financial statements has been appropriately included in those statements
x
The actuarial information used in the preparation of the financial statements has been used appropriately.
Fri 4 April 2014 3:57 PM
I confirm that FATICA maintains a solvency margin in accordance with the Australian equivalent of the RBNZ’s “Solvency Standard for Non-Life Insurance Business”. No limitations were placed on me in performing my review, and all data requested was provided. This report is being provided for the sole use of FATICA for the purpose stated above. It is not intended, nor necessarily suitable, for any other purpose and should only be relied on the purpose for which it is intended. Yours sincerely
Gae Robinson Appointed Actuary Fellow of the New Zealand Society of Actuaries Fellow of the Institute of Actuaries of Australia
Fri 4 April 2014 3:57 PM
2
GRF_110_1: Prescribed Capital Amount
Page 1 of 157
GRF_110_1: Prescribed Capital Amount Australian Business Number
Institution Name
64075279908
First American Title Insurance Company of Australia Pty Limited
Reporting Period
Scale Factor
Reporting Consolidation
31-Dec-2013
Thousands
Licensed Insurer
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Printed: 11-Apr-2014 03:27 PM
GRF_110_1: Prescribed Capital Amount
Page 2 of 157
Section 1: Summary of prescribed capital amount Category of Insurer B - Subsidiary of Insurance Group
Category of Insurer..........................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Printed: 11-Apr-2014 03:27 PM
GRF_110_1: Prescribed Capital Amount
Page 3 of 157
N LMI.............................................................................................................................................................................
1. Insurance Risk Charge...................................................................................................................................
218
1.1. GRF_115_0: OCL Insurance Risk Charge.........................................................................................
218
1.2. GRF_115_1: PL Insurance Risk Charge............................................................................................ 2. GRF_116_0: Insurance Concentration Risk Charge................................................................................ 3. GRF_114_0: Asset Risk Charge...................................................................................................................
500
1,481
4. GRF_117_0: Asset Concentration Risk Charge.......................................................................................... 5. GRF_118_0: Operational Risk Charge.......................................................................................................
166
6. Less: Aggregation benefit...............................................................................................................................
429
7. Adjustments to prescribed capital amount as approved by APRA..........................................................
Description (1)
Transitional? (2)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
Amount (3)
Printed: 11-Apr-2014 03:27 PM
GRF_110_1: Prescribed Capital Amount
Page 4 of 157
5,000 8. Prescribed capital amount.....................................................................................................................................
Section 2: Capital Adequacy Assessment 9. Capital base or adjusted net assets in Australia.....................................................................................
10,481
9.1. Of which: Common Equity Tier 1 Capital.................................................................................................. 10,481 9.2. Of which: Tier 1 Capital..................................................................................................................................10,481 10. Capital in excess of prescribed capital amount.......................................................................................
5,481
11. Common Equity Tier 1 Capital ratio...........................................................................................................
2.0962
12. Tier 1 Capital ratio..........................................................................................................................................
2.0962
13. Prescribed capital amount coverage (%)..................................................................................................
2.0962
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Printed: 11-Apr-2014 03:27 PM
GRF_110_1: Prescribed Capital Amount
Page 5 of 157
Section 3: Adjusted net assets in Australia 14. Adjusted net assets in Australia determined from the following:
14.1. GRF_300_0: Assets in Australia .........................................................................................................
13,942
14.2. GRF_300_0: Liabilities in Australia......................................................................................................
7,790
14.3. OCL surplus / (deficit) inside Australia............................................................................................. 14.4. Total premiums liabilities surplus / (deficit) inside Australia.......................................................... 14.5. Tax effect of net OCL and PL surplus / (deficit) inside Australia................................................... 14.6. Net surplus / (deficit) relating to insurance liabilities inside Australia........................................
0
14.7. Liabilities in Australia net of surplus / (deficit) relating to insurance liabilities..............................
7,790
14.8. Net assets in Australia (before deductions).......................................................................................
6,152
14.9. Total deductions for assets specifically excluded from being considered inside Australia........................................................................................................................................
0
14.9.1. Cash flow hedge reserves relating to hedging of items not recorded at fair value............ 14.9.2. Excess of deferred tax assets over deferred tax liabilities...................................................... 14.9.3. Net unrealised fair value gains / (losses) from changes in own credit worthiness.............. 14.9.4. Goodwill............................................................................................................................................ 14.9.5. Other intangible assets.................................................................................................................. 14.9.6. Surplus in defined benefit superannuation fund...................................................................... 14.9.7. Deficit in defined benefit superannuation fund.......................................................................... 14.9.8. Reinsurance assets related to reinsurance contracts that do not meet the reinsurance documentation test.................................................................................................. 14.9.9. Reinsurance assets receivable under reinsurance contracts that do not meet governing law requirements.......................................................................................................... 14.9.10. Regulatory capital requirement component of investments in subsidiaries, JVs and associates..................................................................................................................... 14.9.11. Assets under a fixed or floating charge.................................................................................... 14.9.12. Fair value adjustments................................................................................................................ 14.9.13. Other adjustments........................................................................................................................ 14.10. Adjustments and exclusions to adjusted net assets in Australia.............................................. 14.11. Adjusted net assets in Australia.......................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
6,152
Printed: 11-Apr-2014 03:27 PM
GRF_112_0: Determination of Capital Base
Page 6 of 157
GRF_112_0: Determination of Capital Base Australian Business Number
Institution Name
64075279908
First American Title Insurance Company of Australia Pty Limited
Reporting Period
Scale Factor
Reporting Consolidation
31-Dec-2013
Thousands
Licensed Insurer
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Printed: 11-Apr-2014 03:27 PM
GRF_112_0: Determination of Capital Base
Page 7 of 157
Section 1: Capital base composition 1. Tier 1 Capital 1.1. Common Equity Tier 1 Capital................................................................................................................. 10,481 1.1.1. Paid-up ordinary shares.......................................................................................................................... 15,573 1.1.2. Retained earnings................................................................................................................................... -5,188 1.1.3. Undistributed current year earnings...................................................................................................
366
1.1.4. Accumulated other comprehensive income and other disclosed reserves..............................
354
Of which: 1.1.4.1. Unrealised gains or losses recognised on balance sheet............................................ 1.1.4.2. Reserves from equity-settled share-based payments......................................................... 1.1.4.3. Cumulative unrealised gains or losses on hedges offsetting gains or losses in Common Equity Tier 1 Capital......................................................................................................... 1.1.4.4. Foreign currency translation reserve........................................................................................
354
1.1.4.5. General reserve......................................................................................................................... 1.1.4.6. Other gains and losses in accumulated comprehensive income and other disclosed reserves.................................................................................................................................... 1.1.5. Net surplus / (deficit) relating to insurance liabilities..................................................................... 1.1.5.1. OCL surplus / (deficit) per GRF 115.0.........................................................................................
0 0
1.1.5.2. PL surplus / (deficit) per GRF 115.1........................................................................................ 1.1.5.3. Less: Tax effect of net OCL and PL surplus / (deficit)........................................................ 1.1.6. Less: Regulatory adjustments to Common Equity Tier 1 Capital................................................
624
1.1.6.1. Holdings of own Common Equity Tier 1 Capital instruments.............................................. 1.1.6.2. Cash flow hedge reserves relating to hedging of items not recorded at fair value................................................................................................................................................... 1.1.6.3. Excess of deferred tax assets over deferred tax liabilities................................................... 1.1.6.4. Fair value gains and losses from changes in own credit worthiness................................ 1.1.6.5. Goodwill............................................................................................................................................ 1.1.6.6. Other intangible assets................................................................................................................
624
1.1.6.7. Surplus in defined benefit superannuation fund..................................................................... 1.1.6.8. Deficit in defined benefit superannuation fund..................................................................... 1.1.6.9. Reinsurance assets related to reinsurance contracts that do not meet the reinsurance documentation test............................................................................ 1.1.6.10. Reinsurance assets receivable under reinsurance contracts that do not meet governing law requirements................................................................................................. 1.1.6.11. Regulatory capital requirement of investments in subsidiaries, JVs and associates.................................................................................................................................... 1.1.6.12. Assets under a fixed or floating charge................................................................................. 1.1.6.13. Fair value adjustments........................................................................................................... 1.1.6.14. Adjustments to Common Equity Tier 1 Capital due to shortfall in Additional Tier 1 Capital.......................................................................................................... 1.1.6.15. Other Common Equity Tier 1 Capital adjustments............................................................. 1.1.7. Adjustments and exclusions to Common Equity Tier 1 Capital....................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Printed: 11-Apr-2014 03:27 PM
GRF_112_0: Determination of Capital Base
Page 8 of 157
1.2. Additional Tier 1 Capital...............................................................................................................................
0
1.2.1. Additional Tier 1 Capital instruments....................................................................................................... 1.2.2. Less: Holdings of own Additional Tier 1 Capital instruments............................................................ 1.2.3. Less: Adjustments to Additional Tier 1 Capital due to shortfall in Tier 2 Capital......................... 1.2.4. Adjustments and exclusions to Additional Tier 1 Capital............................................................... 1.2.5. Transitional Additional Tier 1 Capital..................................................................................................... 1.3. Tier 1 Capital...................................................................................................................................................10,481
2. Tier 2 Capital..........................................................................................................................................................
0
2.1. Eligible Tier 2 Capital instruments............................................................................................................. 2.2. Less: Holdings of own Tier 2 Capital instruments.................................................................................. 2.3. Adjustments and exclusions to Tier 2 Capital........................................................................................... 2.4. Transitional Tier 2 Capital.............................................................................................................................
10,481 3. Capital base............................................................................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Printed: 11-Apr-2014 03:27 PM
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_112_3: Related Party Exposures (GEN)
GRF_112_3: Related Party Exposures (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 9 of 157
ACN / AB...
Category...
Descriptio...
Country ...
Total ass...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Name (1)
Value of i...
Ownershi...
Goodwill (9) Other int...
Section 1: Investments in subsidiaries, joint ventures and associates and contributions to regulatory adjustments
GRF_112_3: Related Party Exposures (GEN)
Adjustme...
Regulator...
Adjustme...
Printed: 11-Apr-2014 03:27 PM
Nature of...
Page 10 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
GRF_112_3: Related Party Exposures (GEN)
Total.....................................................................................................................0
0
0
0
Printed: 11-Apr-2014 03:27 PM
0
Page 11 of 157 0
ACN / ABN (2)
Category (3)
Type of exposu... Fair value of e...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Name (1)
Section 2: Other related party exposures
GRF_112_3: Related Party Exposures (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 12 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
GRF_112_3: Related Party Exposures (GEN)
Total..............................................................................................................................
Printed: 11-Apr-2014 03:27 PM
Page 13 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_114_0: Asset Risk Charge (GEN)
GRF_114_0: Asset Risk Charge (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 14 of 157
4,941
9,811 1.3.1. Interest rate investments..................................
1,897
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
1.9. Adjusted net premiums liabilities...........................
1,982 1.8. Net outstanding claims liabilities...............................
1.7. Other assets...............................................................
1.6. Investments in related entities...............................
1.5. Derivatives...........................................................
1.4. Deferred tax assets.........................................
1.3.5. Indirect investments...................................
1.3.4. Loans and advances......................................1,308
1.3.3. Property........................................................ 1,308
6,249
1.3.2. Equities..............................................................
1,206
983 1.2.4. Other receivables................................................
11,119 1.3. Investments.............................................................
1.2.3. Current tax assets..............................................
1,460 1.2.2. Net premiums receivable.................................
1,352
2,558
1.2.1. Non-reinsurance recoveries........................
2,443 1.2. Non-reinsurance receivables..........................................
(2)
(1) 1,007
amount
1,289 1.1. Cash and liquid assets............................................
1. Items subject to stress
Australia
Total amount (3)
-29
19
19
0
Upwards (4)
0
23
-55
-55
wards
Down-
Inside
value RIR
RIR
value -
stress
Real interest rates
prestress
pre-
Adjusted Adjusted
Section 1: Asset Risk Charge calculation
INF
(5)
30
30
0
32
Upwards
-106
-106
0
-107
(6)
wards
Down-
INF
Expected inflation
GRF_114_0: Asset Risk Charge (GEN)
CUR
(7)
-17
979
979
10
22
32
42
Upwards
-17
-36
-53
-71
28
-1,632
-1,632
(8)
wards
Down-
CUR
Currency
Impact on capital base
(9)
Equity
0
0
0
0
Credit
0
8
175
175
(11)
spreads
60
60
105
105
(12)
Default
Printed: 11-Apr-2014 03:27 PM
(10)
Property
Page 15 of 157
32
3. Risk charge components....................................................................................... 10
435
Transitional? (2)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Description (1)
6. Adjustments to Asset Risk Charge as approved by APRA......................................................... 0
5. Less: Tax benefits deduction........................................................................................................
4.1. Impact of diversification.............................................................................................
4. Aggregated risk charge component................................................................................. 1,481
-32
802
0
62 213
-213
GRF_114_0: Asset Risk Charge (GEN)
2. Impact on capital base........................................................................................ -10
1.14. Off-balance sheet exposures................................
1.13.3. Other reinsurance assets............................. 802
1.13.2. Deferred reinsurance expense.....................
2,916 outstanding and paid claims..........................
2,793
3,595
1.13. Reinsurance assets for default stress............. 3,718
1.13.1. Reinsurance recoverables on
2,651
1.12. Other liabilities....................................................3,132
1.11. Derivatives........................................................
1.10. Deferred tax liabilities............................................
Amount (3)
0
996
-40
1,661
-1,661
67
0
0
0
183
0
462
Printed: 11-Apr-2014 03:27 PM
0
0
297
297
Page 16 of 157
(1)
0
0
0
1,006
(6)
Grade 6
(7)
0
Grade 7
(8)
0
11,100
(9)
0
0
0
0
0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
946
0 9,490
10,917
10,917
(9)
by Asset
481 9.4. Total stressed assets by grade.........................................
(8)
9.3. Re-securitised assets..........................................................
946
(7)
0
9,490
(6)
9.2. Structured / securitised assets................................
481 9.1. Bonds & other non-securitised assets.........................
(5)
(2)
(1)
(4)
(Other)
ment) (3)
Total fair value
11,100
Grade 1 Grade 5
1,006
Grade 1
Grade 2
9,613
(Govern-
9. Stressed asset values post credit spreads stress
8.4. Total fair value by grade..................................... 481
0
Grade 4
(5)
0
Grade 3
(4)
8.3. Re-securitised assets........................................................
9,613
8.2. Structured / securitised assets..............................
8.1. Bonds & other non-securitised assets................... 481
by Asset
(3)
Grade 7
(2)
Grade 6
fair value Grade 5
(Other)
ment)
Grade 4
Grade 2
Grade 1
(GovernGrade 3
Total
Grade 1
8. Assets fair values subject to credit spreads stress
Section 2: Additional information
1,481 7. Asset Risk Charge..........................................................................................................................
GRF_114_0: Asset Risk Charge (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 17 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
5 10.3. Earnings yield used in determination of property stress (%)..................................................
5 10.2. Rental yield used in determination of property stress (%)........................................................
4 10.1. Dividend yield used in determination of equity stress (%)..........................................................
10. Yields used in stress scenarios
GRF_114_0: Asset Risk Charge (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 18 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_114_1: Assets by Counterparty Grade
GRF_114_1: Assets by Counterparty Grade
Printed: 11-Apr-2014 03:27 PM
Page 19 of 157
0
Grade 5 (6)
0
Grade 6 (7)
0
Grade 7 (8)
0
1,308
9,811
Total (9)
0
0
0
0
3,717
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Printed: 11-Apr-2014 03:27 PM
0
0
10.3.1. Of which supported by security arrangements in Australia...........................................
10.4. From non-APRA-authorised reinsurers that are overdue for more than 6 months..............................
0
10.3. From non-APRA-authorised reinsurers that are amounts outstanding on and from second annual balance date after the event giving rise to the reinsurance recoverables...........................................
3,717
3,717
3,717
0
-16,941
10.2. From non-APRA-authorised reinsurers except for amounts outstanding on and from second annual balance date after the event giving rise to the reinsurance recoverables..........................................
0
0
-11,435
0
0
-481
0 690
10.1. From APRA-authorised reinsurers.........................
9. Other assets............................................................................. 10. Net amount recoverable on reinsurance contracts from both outstanding claims and paid claims............
8. Other receivables....................................................................
690
126
126
6. Investment income receivable.............................................
7. Net recoveries other than reinsurance receivable............
1,289
1,289
5. Cash and liquid assets.........................................................
-5,025
0
1,308
Grade 4 (5)
0
9,330
Grade 3 (4)
4. Derivatives (positive position)..............................................
481
Grade 2 (3)
Page 20 of 157
3. Cash management trusts.....................................................
2. Net loans and advances........................................................
1. Direct interest rate investments...........................................
Grade 1 (Government) Grade 1 (Other) (1) (2)
Counterparty grade
GRF_114_1: Assets by Counterparty Grade
0
0
0
0
0
0
0
0
0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Printed: 11-Apr-2014 03:27 PM
0
0
13. Total.......................................................................................
0
0
0
12.2. From non-APRA-authorised reinsurers................
0
0
0
12.1. From APRA-authorised reinsurers........................
12. Net amount of other reinsurance assets receivable......
0
0
0
11.2. Relating to non-APRA-authorised reinsurers.......
0
0
0
Page 21 of 157
11.1. Relating to APRA-authorised reinsurers..............
11. Deferred reinsurance expense.......................................
GRF_114_1: Assets by Counterparty Grade
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_114_2: Derivatives Activity (GEN)
GRF_114_2: Derivatives Activity (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 22 of 157
Residual maturity (2)
Counterparty grade (3)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Contract type (1)
Section 1: Direct over the counter derivatives
Fair value (5)
Long position Principal amount (4)
NOTE: Principal amount must always be entered as positive (even for short positions)
GRF_114_2: Derivatives Activity (GEN)
Principal amount (6)
Printed: 11-Apr-2014 03:27 PM
Fair value (7)
Short position
Page 23 of 157
Fair value (2)
Principal amount (1)
Fair
(4)
value (5)
amount
Principal
Fair
(6)
value (7)
amount
Principal
Fair
(8)
value
Other market-
(9)
amount
Principal
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
mark-to-market & margin payments..........................
2.1. Exchange traded derivatives subject to daily
2. Total exchange traded derivative financial instruments:
instruments.............................................................................
1.7. Total over the counter derivative financial
0
0
0
0
0
0
0
Fair
(10)
value
0
Printed: 11-Apr-2014 03:27 PM
0
1.5.2. Credit derivatives in which the reporting insurer is purchasing credit protection............................................................................................................................................
0 1.6. Other....................................................................................
Page 24 of 157
related contracts
1.5.1. Credit derivatives in which the reporting insurer is providing credit protection..................................................................................................................................................
1.5. Credit derivatives:
1.4.2. Put options.....................................................................
1.4.1. Call options............................................................................
1.4. Written (sold) option positions:
1.3.2. Put options..........................................................
1.3.1. Call options........................................................
1.3. Bought option positions:
1.2. Swaps.........................................................................
(3)
amount
Principal
metal contracts
(including gold)
(excluding gold)
exchange contracts
Interest rate contracts
Equity contracts
Precious
Foreign
1.1. Forwards...........................................................................
instruments classified into:
1. Total over the counter derivative financial
Section 2: Total contracts
GRF_114_2: Derivatives Activity (GEN)
0
0
0
0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
4.4. Other related parties.............................................................................................
4.3. Associates / Joint ventures....................................................................................................
parent entity........................................................................
4.2. Controlled entities / other branches of the
4.1. Parent entity...............................................................................
4. Total derivative financial instruments which are with the following related parties:
0 0 3.5. Other........................................................................................................................
3.4. Debt funding / borrowings......................................................................................
3.3. Claims liabilities....................................................................................................
3.2. Other assets................................................................
3.1. Investment portfolio..........................................................................
exposure.............................................................................
3. Total derivative financial instrument
0
0
0
0
GRF_114_2: Derivatives Activity (GEN)
0
0
0
0
0
0
0
0
Printed: 11-Apr-2014 03:27 PM
0
0
Page 25 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_114_3: Off-balance Sheet Business (GEN)
GRF_114_3: Off-balance Sheet Business (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 26 of 157
0
0
0
0
0
0
Grade 7 (8)
0
Total (9) 0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
11.1. Of which: deemed as Inside Australia............
sheet business...................................................................
11. Total non-market-related off balance
balance sheet items..........................................................
0
0
0
0
Printed: 11-Apr-2014 03:27 PM
0
0
9. Surety bonds.................................................................... 0
0
8. Placements of forward deposits.............................
0
0
7. Partly paid shares and securities....................................
0
0
6. Forward asset purchases...............................................
0
0
5. Assets sold with recourse.............................................
0
0
4. Sale and repurchase agreements...............................
0
0
10. All other non-market-related off
0
3. Trade-related contingencies..........................................
0
2. Performance related contingencies...........................
1.5 Other direct credit substitutes...................................
0 0
Grade 6 (7)
1.4. Bill endorsements...................................................
Grade 5 (6)
0
Grade 4 (5)
0
Grade 3 (4)
1.3. Standby letters of credit.............................................
Grade 2 (3)
1.2. Credit derivatives..........................................................
Grade 1 (Other) (2)
0
Grade 1 (Government) (1)
Counterparty grade of obligation / asset over which the credit substitute has been written
Page 27 of 157
1.1. Guarantees................................................................
1. Direct credit substitutes:
Section 1: Credit substitutes provided
GRF_114_3: Off-balance Sheet Business (GEN)
0
Approved balance available (1)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
6. Total liquidity support facilities............................................................
5. Other liquidity support facilities............................................................
4. Overdrafts................................................................................................
3. Letter of credit facilities.............................................................................
2. Bill acceptance and discount facilities...................................................
1.3. Facilities with greater than 5 day draw down............................
1.2. Facilities with 2 - 5 day draw down.............................................
1.1. Facilities with same day draw down...............................................
1. Standby facilities:
TYPE OF FACILITY
Section 2: Liquidity support facilities obtained
12.3. Other related parties...............................................
12.2. Joint ventures / Associates..................................
entities of parent..........................................................
12.1.1. Controlled entities / controlled
12.1. Parent entity.................................................................
to related parties:
business (total of item 11) which are provided
12. Total non-market related off balance sheet
0
Undrawn balance available (2)
0
GRF_114_3: Off-balance Sheet Business (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 28 of 157
Outstanding value of ...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Type of charge / encu... Principal value of the ...
Section 3: Charges granted
7.3. Other related parties......................................................................
7.2. Joint ventures / Associates..........................................................
7.1.1. Controlled entities / controlled entities of parent..............
7.1. Parent entity.....................................................................................
7. Total which are with related entities.................................................
Fair value of assets s...
0
0
Asset subject to char...
GRF_114_3: Off-balance Sheet Business (GEN)
Grade of asset subjec...
Printed: 11-Apr-2014 03:27 PM
Value of insurance lia...
Page 29 of 157
Relating to reinsurance... Fair value of eligible col... Fair value of assets su...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Name of entity providi...
Section 4A: Credit support received - eligible collateral provided to reporting insurer
Eligible collateral is fro...
GRF_114_3: Off-balance Sheet Business (GEN)
Type of collateral (6)
Printed: 11-Apr-2014 03:27 PM
Page 30 of 157
Relating to reinsuranc...
Value of the guarante...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Name of entity providi...
Counterparty rating gr...
Fair value of assets su...
Section 4B: Credit support received - guarantees or letters of credit provided to reporting insurer
GRF_114_3: Off-balance Sheet Business (GEN)
Guarantee / letter of c...
Printed: 11-Apr-2014 03:27 PM
Page 31 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_114_4: Details of Investment Assets
GRF_114_4: Details of Investment Assets
Printed: 11-Apr-2014 03:27 PM
Page 32 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
3.3. Securitisers ...............................................................................................................
3.2. General insurance corporations............................................................................
3.1. ADIs...............................................................................................................................
3. Long term debt securities
2.13. Total commercial paper and promissory notes.................................................
2.12. Other...............................................................................................................................
2.11.2. Other..................................................................................................................
term foreign currency rating is Grade 1.....................................................................
2.11.1. Where the security has a Grade 1 rating or the country's long
2.11. National government of a foreign country:
2.10. Other Australian Government (state, territory & local government)..............
2.9. Australian Commonwealth Government................................................................
2.8. Australian Commonwealth Government corporations..........................................
2.7. Registered Financial Corporations.............................................................................
2.6. Private trading corporations....................................................................................
2.5. Securitisers..............................................................................................................
2.4. General insurance corporations..........................................................................
2.3. ADIs............................................................................................................................
Commercial paper and promissory notes issued by:
2.2. Other...........................................................................................................................
2.1. Bank accepted.........................................................................................................
Bills of exchange:
2. Short term securities
1.2. Other...........................................................................................................................
1.1. Authorised Deposit Taking Institutions (ADIs)...................................................
1. Deposits or placements with (i.e. money market type deposits / placements):
Section 1: Direct interest rate holdings
0
9,330
GRF_114_4: Details of Investment Assets
Printed: 11-Apr-2014 03:27 PM
Page 33 of 157
481
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
1.7 Total Australian listed equity........................................................................................
1.6. Other...........................................................................................................................
1.5. Australian Commonwealth Government corporations.......................................
1.4. Registered Financial Corporations....................................................................................
1.3. Private trading corporations...................................................................................
1.2. General insurance corporations.............................................................................
1.1. Banks and ADIs........................................................................................................
1. Australian listed equity
Section 2: Direct equity holdings
4.2. Of which: holdings in own debt instruments...........................................................
Australian currency.........................................................................................................
4.1. Of which: denominated in a currency other than the
0
9,811
3.11 Total long term debt securities..................................................................................
4. Total direct interest rate investments.....................................................................
962
3.10. Other.........................................................................................................................
3.9.2. Other.......................................................................................................................
term foreign currency rating is Grade 1......................................................................
3.9.1. Where the security has a Grade 1 rating or the country's long
3.9. National government of a foreign country:
3.8. Other Australian Government (state, territory & local government)................................
3.7. Australian Commonwealth Government.................................................................
3.6. Australian Commonwealth Government corporations.......................................
3.5. Registered Financial Corporations..........................................................................
-481
GRF_114_4: Details of Investment Assets
3.4. Private trading corporations..................................................................................
Printed: 11-Apr-2014 03:27 PM
Page 34 of 157
0
4. Total direct holdings...........................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
4.6. Of which: holdings in own equity securities.......................................................
Australian currency..............................................................................................................
4.5. Of which: denominated in a currency other than the
4.4. Unlisted equities - Direct holdings.......................................................................
4.3. Listed equities - Direct holdings.................................................................................
4.2. Unlisted subordinated debt.......................................................................................
4.1. Listed subordinated debt..........................................................................................
0
0
3. Total equity securities....................................................................................................
2.7. Total other equity........................................................................................................
2.6. Other............................................................................................................................
2.5. Australian Commonwealth Government corporations........................................
2.4. Registered Financial Corporations.........................................................................
2.3. Private trading corporations....................................................................................
2.2. General insurance corporations............................................................................
2.1. Banks and ADIs....................................................................................................
2. Other equity
GRF_114_4: Details of Investment Assets
Printed: 11-Apr-2014 03:27 PM
Page 35 of 157
AUD (2)
USD (3)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Sector (1)
GBP (4)
EUR (5)
5. Total direct equity investments of Licensed Insurer which represent exposure to the following sectors:
GRF_114_4: Details of Investment Assets
JPY (6)
Total Currencies (8)
Printed: 11-Apr-2014 03:27 PM
Other Currency (7)
Page 36 of 157
AUD (2) 0
USD (3) 0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Australian currency...........................................................................................................
1.6.1. Of which: denominated in a currency other than the
1.6. Total direct property investments...........................................................................
1.5. Other..............................................................................................................................
1.4. Infrastructure...............................................................................................................
1.3. Tourism and leisure................................................................................................
1.2. Retail............................................................................................................................
1.1. Office...............................................................................................................................
1. Total direct property investments
Section 3: Direct property holdings
Total exposure to all sectors
Property Trusts
Sector (1)
GBP (4)
0
0
GRF_114_4: Details of Investment Assets EUR (5) 0
JPY (6) 0
0
Printed: 11-Apr-2014 03:27 PM
0
0
Other Currency Total Currencies (7) (8)
Page 37 of 157
0
0 0 0 0
2.3. Are contracted on an unsecured basis...............................................................
2.4. Repayment is past due date 90 days or more but < 1 year........................................
2.5. Repayment is past due date 1 year or more.........................................................
2.6. Constitute premium funding business.................................................................
0
3.5. Unsecured loans to employees (> $1,000 individually)......................................
Page 38 of 157
Printed: 11-Apr-2014 03:27 PM
0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
3.4. General insurance companies.............................................................................
0
3.3. Insurance brokers.....................................................................................................
3.2. Directors of the reporting insurer or related bodies
3.1. Parent or related party not on commercial terms..............................................
0
0
2.2. Are contracted on a variable rate basis...............................................................
3. Total loans and advances which can be classified into the following:
0
1,308
0
0 1,308
1,308
1,308
2.1. Are contracted at fixed rates....................................................................................
2. Total loans and advances which:
1.5. Total loans and advances......................................................................................
1.4. Other..........................................................................................................................
1.3. Private trading corporations.........................................................................................
0
Provision for impairment (3) 0
Value of security (2)
1.2. Private unincorporated businesses....................................................................
Balance outstanding (1)
Balance outstanding net of provision for impairment (4)
1.1. Households.............................................................................................................
1. Total loans and advances:
Section 4: Loans and advances
GRF_114_4: Details of Investment Assets
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
1.8. Other...................................................................................................................................
1.7. Property......................................................................................................................
1.6. Equities.......................................................................................................................
1.5. Fixed interest..............................................................................................................
1.4. Cash.............................................................................................................................
Aggregate holdings representing exposure to the following asset classes:
1.3. Cash management trusts.......................................................................................
1.2. Unlisted trusts (excluding CMT).............................................................................
1.1. Listed trusts (excluding CMT)..................................................................................
1. Total holdings in indirect investment vehicles.........................................................
Section 5: Holdings in indirect investment vehicles
0
0
GRF_114_4: Details of Investment Assets
Printed: 11-Apr-2014 03:27 PM
Page 39 of 157
ACN / ABN (2)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Name (1)
2. Indirect investment vehicles Related party (3)
GRF_114_4: Details of Investment Assets
Closing value (4)
Printed: 11-Apr-2014 03:27 PM
Page 40 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
5.5. Other..........................................................................................................................
5.4. Property.......................................................................................................................
5.3. Equities.......................................................................................................................
5.2. Fixed interest................................................................................................................
5.1. Cash...........................................................................................................................
5. Total holdings in indirect investment vehicles.........................................................
0
0
1,044
264
4.1. Balance outstanding................................................................................................
4.2. Provision for impairment..........................................................................................
1,044
264
7,829
Shareholders' funds (2)
4. Total net loans and advances.......................................................................................
3. Total direct property investments................................................................................
2. Total direct equity investments.....................................................................................
1,982
Policyholders' funds (1)
1. Total direct interest rate investments..........................................................................
Section 6: Policyholders' / Shareholders' funds
GRF_114_4: Details of Investment Assets
Printed: 11-Apr-2014 03:27 PM
Page 41 of 157
Parent entity (1)
1,308
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
5. Total holdings in indirect investment vehicles............................................................
4.3. Provision for impairment.......................................................................................
4.2. Value of security.......................................................................................................
4.1. Balance outstanding.................................................................................................
Associates (3)
1,308
Controlled entities / Controlled entities of the parent (2)
4. Total net loans and advances........................................................................................
3. Total direct property investments................................................................................
2. Total direct equity investments.....................................................................................
1. Total direct interest rate investments............................................................................
Section 7: Investments with related parties
GRF_114_4: Details of Investment Assets
Other related parties (5)
Printed: 11-Apr-2014 03:27 PM
Joint ventures (4)
Page 42 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_115_0: Outstanding Claims Liabilities - Insurance Risk Charge
GRF_115_0: Outstanding Claims Liabilities - Insurance Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 43 of 157
4,660
Gross OC...
238
Gross OC... 4,898
Gross OC...
Non-rein... 1
2,915
Reinsura...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Other direc...
Class of ...
Section 1: Direct business
1,744
Net OCL ...
Were actuarial services used to complete this return (Yes / No)
238
Net OCL ... 238
Net OCL ...
Yes
1,982
Net OCL ...
GRF_115_0: Outstanding Claims Liabilities - Insurance Risk Charge
11
OCL capi... 1,982
0
OCL surp...
Printed: 11-Apr-2014 03:27 PM
218
OCL Insu... Net OCL ...
Page 44 of 157
Gross OC...
Gross OC...
Gross OC...
Non-rein...
Reinsura...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of ...
Section 2: Reinsurance business Net OCL ...
Net OCL ...
Net OCL ...
Net OCL ...
GRF_115_0: Outstanding Claims Liabilities - Insurance Risk Charge
OCL capi...
OCL surp...
Printed: 11-Apr-2014 03:27 PM
OCL Insu... Net OCL ...
Page 45 of 157
Gross OCL Central estimate (2)
0
0
0
0
4,898
Gross OCL Total (4)
0
0
0
1
0
0
0
2,915
0
0
0
1,744
0
0
0
238
0
0
0
238
0
0
0
1,982
Net OCL Stand- Net OCL Non-rein- Reinsur- Net OCL - alone Diversified Central risk risk Net OCL surance ance margin margin recoveries recoveries estimate Total (7) (8) (9) (5) (6) (10)
0
0
0
218
0
0
0
1,982
OCL Net OCL Insurance per Risk GRF Charge 300.0 (12) (13)
238
4,898
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
4,660 Total..............................................................
1
2,915
1,744
238
238
1,982
1,982
0
Printed: 11-Apr-2014 03:27 PM
218
0
0
0
0
OCL surplus / (deficit) (14)
Page 46 of 157
0 approved by APRA................................................................................................................................................................................................................................................
Insurance Risk Charge as
Adjustments to OCL
0
0 Non-proportional.......................................
0
238
Gross OCL risk margin (3)
0 Proportional....................................................
Total reinsurance business.......................0
4,660 Total direct business.......................................
Section 3: Total
GRF_115_0: Outstanding Claims Liabilities - Insurance Risk Charge
Transitional? - Y/N (2)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Description (1)
Adjustments and exclusions to prudential requirements for the OCL Insurance Risk Charge Amount (3)
GRF_115_0: Outstanding Claims Liabilities - Insurance Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 47 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 48 of 157
Gross PL - ...
Gross PL - ...
Gross PL - T... Non-reinsur...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of bu...
Section 1A: Direct business - GPS 320 premiums liabilities Expected r...
Net PL - Ce...
No Were actuarial services used to complete this return (Yes / No)...........................................................
PL Insuranc...
Page 49 of 157
Printed: 11-Apr-2014 03:27 PM
Net PL - Sta... Net PL - Div... Net PL - Tot... PL capital f...
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
Unearned premium l... Deferred acquisition... Deferred acquisition... Unexpired risk liabilit... Deferred reinsuranc... Other items (7)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of business (1)
Section 1B: Direct business - AASB 1023 premiums liabilities
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
Printed: 11-Apr-2014 03:27 PM
AASB 1023 net pre...
Page 50 of 157
Net written premium (2)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of business (1)
PL Capital factor % (3)
Page 51 of 157
Printed: 11-Apr-2014 03:27 PM
Additional policies risk charge (4)
Section 1C: Direct business - Net written premium for material business that incepts in the next reporting period
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
Gross PL - ...
Gross PL - ...
Gross PL - T... Non-reinsur...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of bu...
Expected r...
Section 2A: Reinsurance business - GPS 320 premiums liabilities Net PL - Ce...
PL Insuranc...
Page 52 of 157
Printed: 11-Apr-2014 03:27 PM
Net PL - Sta... Net PL - Div... Net PL - Tot... PL capital f...
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
Unearned premium l... Deferred acquisition... Deferred acquisition... Unexpired risk liabilit... Deferred reinsuranc... Other items (7)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of business (1)
Section 2B: Reinsurance business - AASB 1023 premiums liabilities
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
Printed: 11-Apr-2014 03:27 PM
AASB 1023 net pre...
Page 53 of 157
Net written premium (2)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of business (1)
PL capital factor % (3)
Page 54 of 157
Printed: 11-Apr-2014 03:27 PM
Additional policies risk charge (4)
Section 2C: Reinsurance business - Net written premium for material business that incepts in the next reporting period
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Transitional? (2)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Description (1)
Adjustments and exclusions to prudential requirements for the PL Insurance Risk Charge
Total..................................................
by APRA........................................... 0
0
0
Non-proportional............................
0
0
0
Adjustments to PL Insurance Risk Charge as approved
0
0
Total reinsurance business.........
Proportional.....................................
0
0
Total direct business.....................
0
0
0
0
0
Gross PL Gross PL NonExpected Net PL - Central - Risk Gross PL reinsurance reinsurance Central estimate margin - Total recoveries recoveries estimate (2) (3) (4) (5) (6) (7)
Section 3A: GPS 320 Total
Page 55 of 157
0
0
0
0
0
Amount (3)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Printed: 11-Apr-2014 03:27 PM
0
0
0
0
0
Net PL Net PL PL Additional Total PL StandInsurance policies Insurance alone Diversified risk Risk risk risk Net PL - PL capital Risk margin Charge charge margin Total factor % Charge (9) (12) (13) (8) (10) (11) (14)
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
0 0 0
0 0 0
Non-proportional............................
Total AASB 1023............................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Description (1)
Other items description:
0
0
Total reinsurance business.........
Proportional.....................................
0
0
Total direct business.....................
0
0
0
0
0
Deferred acquisition costs Deferred before LAT Unearned acquisition costs write-down premium liability LAT write-down (3) (2) (4)
Section 3B: AASB 1023 Total
Amount (2)
Unexpired risk liability (5)
0
0
0
0
0
Deferred reinsurance expense (6)
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
0
0
0
0
0
Other items (7)
0
0
0
0
0
Printed: 11-Apr-2014 03:27 PM
0
0
0
0
0
AASB 1023 net premiums liabilities (8)
Page 56 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total premiums liabilities surplus / deficit..................................................................................................................
0
0
Total reinsurance business - Premiums liabilities surplus / deficit....................................................................
Total deferred reinsurance expense for future business not yet written..........................................................
0
Total direct business - Premiums liabilities surplus / deficit................................................................................
Section 3C: Total premiums liabilities surplus / deficit
GRF_115_1: Premiums Liabilities - Insurance Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 57 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_116_0: Insurance Concentration Risk Charge
GRF_116_0: Insurance Concentration Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 58 of 157
0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
0
0
2.3.6. H3 reinstatement cost...................................................................................
2.3.7. H3 loss per event............................................................................................
0
2.3.5. H3 reinstatement premiums........................................................................
Total 0
Third event
0
Second event
2.3.4. H3 aggregate offset......................................................................................
First event
0
0
0
2.3.3. H3 reinsurance recoverables.....................................................................
2.3.2. Single event loss from H3 event.................................................................
2.3.1. Basis for determination of H3 requirement (Gross/Net).........................
2.3 H3 requirement......................................................................................................
2.2. End date of catastrophe reinsurance program...........................................
2.1. Commencement date of catastrophe reinsurance program.......................
2. Natural perils horizontal requirement (NP HR)..................................................
1.7. Less: Other adjustments................................................................................
1.6. Add: NP reinstatement cost............................................................................
1.5. Less: NP reinstatement premiums..............................................................
1.4. Net whole-of-portfolio loss...............................................................................
1.3. Less: NP reinsurance recoverables.............................................................
1.2. NP PML...............................................................................................................
1.1. Basis for determination of NP VR (Gross/Net)...........................................
1. Natural perils vertical requirement (NP VR)......................................................
GRF_116_0: Insurance Concentration Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 59 of 157
0
500
0
5. Adjustments to Insurance Concentration Risk Charge................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
9,500
10,000
4. LMI concentration risk charge..............................................................................
3.4. Add: OA reinstatement cost...............................................................................
3.3. Less: OA reinsurance recoverables................................................................
3.2. Less: PL adjustment to OA PML......................................................................
3.1. OA PML....................................................................................................................
3. Other accumulations vertical requirement (OA VR).......................................
2.5. PL offset.................................................................................................................
0
0
0
Page 60 of 157
Printed: 11-Apr-2014 03:27 PM
0
2.4.6. H4 reinstatement cost.....................................................................................
2.4.7. H4 loss per event..............................................................................................
0
2.4.5. H4 reinstatement premiums.........................................................................
Total 0
Fourth event
0
Third event
2.4.4. H4 aggregate offset.........................................................................................
Second event
0
2.4.3. H4 reinsurance recoverables.......................................................................
First event
2.4.2. Single event loss from H4 event...................................................................
2.4.1. Basis for determination of H4 requirement (Gross/Net).............................
2.4. H4 requirement.....................................................................................................
GRF_116_0: Insurance Concentration Risk Charge
Transitional?
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Description
Amount
GRF_116_0: Insurance Concentration Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 61 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
6. Insurance Concentration Risk Charge...............................................................
500
GRF_116_0: Insurance Concentration Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 62 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_116_1: Probable Maximum Loss for LMIs - Standard Loans
GRF_116_1: Probable Maximum Loss for LMIs - Standard Loans
Printed: 11-Apr-2014 03:27 PM
Page 63 of 157
< 3 years (...
5 < 10 year... >= 10 year...
Age 3 < 5 years...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
LVR greater... LVR less tha... Coverage p...
1.1. 100 per cent and top cover
Section 1: ADI
Total sum in... PD factor(6)
GRF_116_1: Probable Maximum Loss for LMIs - Standard Loans
LGD factor ...
Printed: 11-Apr-2014 03:27 PM
LGD factor (... PML (9)
Page 64 of 157
Weighted-avera...
Seasoning facto...
0
Total sum insure... PD factor (5)
0
0
LGD factor (6)
0
PML (7)
0
GRF_116_1: Probable Maximum Loss for LMIs - Standard Loans
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Weighted-avera...
1.2. Pool cover
Total
Printed: 11-Apr-2014 03:27 PM
0
Page 65 of 157
< 3 years (...
3 < 5 years...
5 < 10 year... >= 10 year...
Age
0
0
Total sum in... PD factor (6)
GRF_116_1: Probable Maximum Loss for LMIs - Standard Loans
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
LVR greater... LVR less tha... Coverage p...
2.1. 100 per cent and top cover
Section 2: Non-APRA regulated
Total
LGD factor ...
Printed: 11-Apr-2014 03:27 PM
LGD factor (... PML (9)
Page 66 of 157
Weighted-avera...
Seasoning facto...
0
Total sum insure... PD factor (5)
0
0
LGD factor (6)
0
PML (7)
0
GRF_116_1: Probable Maximum Loss for LMIs - Standard Loans
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Weighted-avera...
2.2. Pool cover
Total
Printed: 11-Apr-2014 03:27 PM
0
Page 67 of 157
0
GRF_116_1: Probable Maximum Loss for LMIs - Standard Loans
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total
0
Printed: 11-Apr-2014 03:27 PM
Page 68 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
Printed: 11-Apr-2014 03:27 PM
Page 69 of 157
Coverage ...
5 < 10 yea... >= 10 yea...
Age < 3 years (... 3 < 5 year...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
LVR greate... LVR less th...
1.1. 100 per cent and top cover
1. ADI
Total sum i...
PD factor(6)
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
Printed: 11-Apr-2014 03:27 PM
LGD factor ... LGD factor ... PML (9)
Page 70 of 157
0
0
0
0
0
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total
Printed: 11-Apr-2014 03:27 PM
0
Page 71 of 157
Weighted-average ag...
Seasoning factor (3)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Weighted-average LV...
1.2. Pool cover Total sum insured (4)
PD factor(5)
LGD factor (6)
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
Printed: 11-Apr-2014 03:27 PM
PML (7)
Page 72 of 157
0
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total
Printed: 11-Apr-2014 03:27 PM
0
Page 73 of 157
LVR greate... LVR less th...
Coverage ...
2.1. 100 per cent and top cover
Non-APRA regulated
5 < 10 yea... >= 10 yea...
Age < 3 years (... 3 < 5 year...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
2.
Total sum i...
PD factor(6)
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
Printed: 11-Apr-2014 03:27 PM
LGD factor ... LGD factor ... PML (9)
Page 74 of 157
0
0
0
0
0
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total
Printed: 11-Apr-2014 03:27 PM
0
Page 75 of 157
Weighted-average ag...
Seasoning factor (3)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Weighted-average LV...
2.2. Pool cover Total sum insured (4)
PD factor(5)
LGD factor (6)
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
Printed: 11-Apr-2014 03:27 PM
PML (7)
Page 76 of 157
0
GRF_116_2: Probable Maximum Loss for LMIs - Non-Standard Loans
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total
Printed: 11-Apr-2014 03:27 PM
0
Page 77 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_116_3: Probable Maximum Loss for LMIs - Commercial Loans
GRF_116_3: Probable Maximum Loss for LMIs - Commercial Loans
Printed: 11-Apr-2014 03:27 PM
Page 78 of 157
(2)
(1)
(3)
Non-APRA regulated
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
ADI
Factor (4)
Total sum insured
0
(5)
PML
0
GRF_116_3: Probable Maximum Loss for LMIs - Commercial Loans
Printed: 11-Apr-2014 03:27 PM
Page 79 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_116_4: LMI Concentration Risk Charge
GRF_116_4: LMI Concentration Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 80 of 157
0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0
1.1.2. ADI - pool cover........................................................................................................................
1.1.3. Non-APRA regulated - 100 per cent and top cover............................................................
1.1.4. Non-APRA regulated - pool cover.........................................................................................
1.2. Non-standard loans........................................................................................................................
1.2.1. ADI - 100 per cent and top cover...........................................................................................
1.2.2. ADI - pool cover.........................................................................................................................
1.2.3. Non-APRA regulated - 100 per cent and top cover............................................................
1.2.4. Non-APRA regulated - pool cover.........................................................................................
1.3. Commercial loans.........................................................................................................................
1.3.1. ADI..............................................................................................................................................
1.3.2. Non-APRA regulated...............................................................................................................
1.4. Total..................................................................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
0
PML
1.1.1. ADI - 100 per cent and top cover...........................................................................................
Sum insured
1.1. Standard loans...............................................................................................................................
1. Summary
GRF_116_4: LMI Concentration Risk Charge
Printed: 11-Apr-2014 03:27 PM
Page 81 of 157
Printed: 11-Apr-2014 03:27 PM
0
2.10. LMI Concentration Risk Charge / PML............................................................................................................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
2.9. LMI Concentration Risk Charge..........................................................................................................................................................................................................
2.8. Adjustments to LMICRC as approved by APRA...............................................................................................................................................................................
2.7. Net premiums liability deduction........................................................................................................................................................................................................
0
0
0
0
0
0
0
Total
2.6. PML net of reinsurance........................................................................................................................................................................................................................
0
0
3
2.5. Allowable reinsurance..........................................................................................................................................................................................................................
0
0
2
Year
0
1
Page 82 of 157
2.4. Available reinsurance................................................................................
2.3. Adjusted PML..............................................................................................
2.2. Adjustment to the PML..............................................................................
2.1. PML................................................................................................................
2. LMI Concentration Risk Charge (LMICRC) calculation
GRF_116_4: LMI Concentration Risk Charge
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_116_5: Probable Maximum Loss for LMIs - Additional Information
GRF_116_5: Probable Maximum Loss for LMIs - Additional Information
Printed: 11-Apr-2014 03:27 PM
Page 83 of 157
LVR less than...
Coverage pro...
< 3 years (4.1)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
LVR greater t...
5 < 10 years ... >= 10 years ...
Age 3 < 5 years (...
1.1. Standard and non-standard loans - 100 per cent and top cover
Section 1: Inwards reinsurance
Total inwards...
GRF_116_5: Probable Maximum Loss for LMIs - Additional Information
Printed: 11-Apr-2014 03:27 PM
Of which non-... Of which non...
Page 84 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Of which: non-standard loans....................................
Of which: non-APRA regulated..................................
0
0
0
0
GRF_116_5: Probable Maximum Loss for LMIs - Additional Information
Total..................................................................................
0
0
Page 85 of 157
Printed: 11-Apr-2014 03:27 PM
0
Weighted-av...
Total inwards... Of which non...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Weighted-av...
1.2. Standard and non-standard loans - pool cover
Of which non...
GRF_116_5: Probable Maximum Loss for LMIs - Additional Information
Printed: 11-Apr-2014 03:27 PM
Page 86 of 157
Of which nonAPRA regulated (2)
(3) 0
Of which nonstandard loans
0
0
GRF_116_5: Probable Maximum Loss for LMIs - Additional Information 0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
(2)
(1)
0
Of which nonAPRA regulated
Total inwards reinsurance
1.4. Total inwards reinsurance
Total inwards reinsurance (1)
1.3. Commercial loans
Total
Printed: 11-Apr-2014 03:27 PM
Page 87 of 157
Originator (2)
ACN/ABN (3)
Sum insured (4)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Large expos...
Section 2: Large liability exposures by originator
Open policy (...
GRF_116_5: Probable Maximum Loss for LMIs - Additional Information
Printed: 11-Apr-2014 03:27 PM
Page 88 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_117_0: Asset Concentration Risk Charge (GEN)
GRF_117_0: Asset Concentration Risk Charge (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 89 of 157
6,152
2. Adjusted net assets in Australia................
Non-reinsur... TermDeposit
Non-reinsur... Cash Mana...
Non-reinsur... TermDeposit
Non-reinsur... Cash Mana...
Non-reinsur... TermDeposit
Non-reinsur... TermDeposit
Non-reinsur... TermDeposit
Reinsurance Reinsurance
Non-reinsur... Intercompany Yes
National Au... National Au... 120040449
Maitland Mu...Maitland Mu...940876519
Bank of Ne... Bank of Ne...
ANZ Bank NZ ANZ Bank NZ
ANZ Bank NZ ANZ Bank NZ
ANZ Bank NZ ANZ Bank NZ
ANZ Bank NZ ANZ Bank NZ
First Austra... First Austra...
FAF Interna... FAF Interna...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Non-reinsur... TermDeposit
ANZ Bank ... ANZ Bank ... 110053575
Non-APR...
Non-reinsur... TermDeposit
Non-reinsur... TermDeposit
Descripti...
ANZ Bank ... ANZ Bank ... 110053575
Westpac
Westpac
330074571
Type of e...
Non-reinsur... TermDeposit
Westpac
Westpac
ACN / AB...
330074571
Counterp...
Name of ...
Section 1: Large exposures
Related p...
Grade 4
Grade 4
Grade 2
Grade 2
Grade 2
Grade 2
Grade 2
Grade 5
Grade 2
Grade 2
Grade 2
Grade 2
Grade 2
Counterp...
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Name of ...
Adjusted net assets in Australia for Category C insurers is calculated in form GRF 110.1 'Prescribed Capital Amount'
Capital base is calculated in form GRF 112.0 'Determination of Capital Base'
10,481
1. Capital base...................................................
Counterp...
GRF_117_0: Asset Concentration Risk Charge (GEN)
7
1,308
3,717
389
1,147
511
428
1,914
1,006
2,119
630
1,080
99
Exposure...
7
1,308
3,717
389
1,147
511
428
1,914
1,006
2,119
630
1,080
99
Exposure...
Printed: 11-Apr-2014 03:27 PM
Exposure...
Exposure amount
Page 90 of 157
Eligible credit supp... Asset exposure c...
Net exposure (4)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Counterparty gro...
Section 2B: Asset Concentration Risk Charge - reinsurance exposures
2.3. All other exposures
2.2.2. Total exposure
Asset Concentrati...
Adjustment for cu...
2,620
20,000
10,000
20,000
2,620
1.2. Exposures to reinsurers with a counterparty grade of 5, 6 or 7
2.1. Related parties that are part of an APRA regulated group
5,241
1.1. Exposures to reinsurers with a counterparty grade of 4
2. Non-reinsurance 2.2. Unrelated parties that are part of an APRA regulated group exposures 2.2.1. Long-term exposures
1. Reinsurance exposures
Section 2A: Asset Concentration Risk Charge limits
GRF_117_0: Asset Concentration Risk Charge (GEN)
Exposure subject ...
Printed: 11-Apr-2014 03:27 PM
Asset Concentrati...
Page 91 of 157
Eligible credit supp... Asset exposure c...
Net exposure (4)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Counterparty gro...
Section 2C: Asset Concentration Risk Charge - non-reinsurance exposures Of which: Long te...
Asset Concentrati...
GRF_117_0: Asset Concentration Risk Charge (GEN)
Asset Concentrati...
Printed: 11-Apr-2014 03:27 PM
Asset Concentrati...
Page 92 of 157
Page 93 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0 3.8. Adjustments to Asset Concentration Risk Charge as approved by APRA..........................................................................................................
0 3.7. Non-reinsurance Asset Concentration Risk Charge.......................................................................................................................................
0 3.6. Other........................................................................................................................................................................................................................
0 3.5. Unrelated parties part of an APRA-regulated group...................................................................................................................................
0 3.4. Related parties part of an APRA-regulated group...........................................................................................................................................
0 3.3. Reinsurance Asset Concentration Risk Charge.....................................................................................................................................................
Printed: 11-Apr-2014 03:27 PM
0 3.2. Reinsurers with counterparty grade 5, 6 or 7.........................................................................................................................................................................
0 3.1. Reinsurers with counterparty grade 4....................................................................................................................................................................................................................
Section 3: Totals and risk charges
GRF_117_0: Asset Concentration Risk Charge (GEN)
Transitional? (2)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Description (1)
Amount (3)
GRF_117_0: Asset Concentration Risk Charge (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 94 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0 3.9. Asset Concentration Risk Charge.....................................................................................................................................................................
GRF_117_0: Asset Concentration Risk Charge (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 95 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_118_0: Operational Risk Charge (GEN)
GRF_118_0: Operational Risk Charge (GEN)
Printed: 11-Apr-2014 03:27 PM
Page 96 of 157
1,744
2.3. Central estimate of net insurance liabilities (ORCNI)...........................................................................................................................................
Transitional? (2)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Description (1)
Amount (3)
Page 97 of 157
Printed: 11-Apr-2014 03:27 PM
0
4,618
2.2. GWP for the 12 months ending on the date 12 months prior to the reporting date (ORCNI)........................................................................
3. Adjustments to Operational Risk Charge as approved by APRA.......................................................................................
166 5,536
2.1. GWP for the 12 months ending on the reporting date (ORCNI)..........................................................................................................................
0
2. Operational Risk Charge for business that is not inwards reinsurance (ORCNI).........................................................
1.3. Central estimate of net insurance liabilities (ORCI).............................................................................................................................................
1.2. GWP for the 12 months ending on the date 12 months prior to the reporting date (ORCI)...........................................................................
1.1. GWP for the 12 months ending on the reporting date (ORCI).............................................................................................................................
1. Operational Risk Charge for inwards reinsurance business (ORCI)..............................................................................
GRF_118_0: Operational Risk Charge (GEN)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Page 98 of 157
Printed: 11-Apr-2014 03:27 PM
166 4. Total Operational Risk Charge............................................................................................................................................................
GRF_118_0: Operational Risk Charge (GEN)
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_300_0_L: Statement of Financial Position ( L )
GRF_300_0_L: Statement of Financial Position ( L )
Printed: 11-Apr-2014 03:27 PM
Page 99 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
B - Subsidiary of Insurance Group
Category of Insurer
GRF_300_0_L: Statement of Financial Position ( L )
Printed: 11-Apr-2014 03:27 PM
Page 100 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
2.2.2 Provision for doubtful debts - recoveries other than reinsurance............................................................
Page 101 of 157
Printed: 11-Apr-2014 03:27 PM
0
0
2.2 Total net recoveries other than reinsurance receivable..............................................................................
2.2.1 Recoveries other than reinsurance...............................................................................................................
126
1,289
1,289
Total Amount
74
1,077
1,077
75
2.1 Total investment income receivable................................................................................................................
2. Receivables
1.4. Cash and liquid assets with related parties of the reporting insurer..............................................................
1.3 Securities purchased under agreements to resell...........................................................................................
1.2 Money at short call...................................................................................................................................................
1.1 Notes and coins.......................................................................................................................................................
1. Total cash and liquid assets.....................................................................................................................................
Assets
Amount Inside Australia
Probability of sufficiency of outstanding claims liabilities (%)...............................................................................
GRF_300_0_L: Statement of Financial Position ( L )
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
2.3.10.1 Total net premiums that are receivable from related parties.........................................................
2.3.10 Total net premiums receivables..................................................................................................................
2.3.9 Net amount receivable.....................................................................................................................................
2.3.8 Provision for doubtful debts............................................................................................................................
Page 102 of 157
Printed: 11-Apr-2014 03:27 PM
1,456
1,348
25
25
2.3.6 Net amount receivable......................................................................................................................................
0
4
4
2.3.5 Provision for doubtful debts.............................................................................................................................
0
29
29
2.3.4 Due in more than 6 months............................................................................................................................
2.3.7 On unclosed business....................................................................................................................................
1,431
1,323
1,431
2.3.3 Net amount receivable.....................................................................................................................................
2.3.2 Provision for doubtful debts............................................................................................................................
2.3.1 Due in 6 months or less..................................................................................................................................
1,323
0
0
2.2.2.1.1 Input tax credits on OCL included in item 2.2.2.1.........................................................................
2.3 Premiums receivables
0
0
2.2.2.1 Outstanding claims liabilities (OCL).......................................................................................................
Total net amounts recoverable (other than reinsurance recoveries receivable) that are reported in item 2.2 and that relate to claims recognised in the calculation of insurance liabilities that have not been paid.
GRF_300_0_L: Statement of Financial Position ( L )
Page 103 of 157
Printed: 11-Apr-2014 03:27 PM
5,989
5,878
2.9 Total receivables.....................................................................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
690
861
2,916
2.8 Other receivables......................................................................................................................................................
2.7 GST receivable........................................................................................................................................................
2.6 Current tax assets.................................................................................................................................................
governing law requirements.....................................................................................................................................
2.5.2 Net amounts of other reinsurance assets under reinsurance contracts that do not meet the
2.5.1 Net amounts of other reinsurance assets under reinsurance contracts that do not meet the reinsurance documentation test..............................................................................................................................
2.5 Other reinsurance assets...................................................................................................................................
2.4.5 Net reinsurance recoverables on outstanding claims and paid claims under reinsurance contracts that do not meet governing law requirements.......................................................................................
2.4.4 Net reinsurance recoverables on outstanding claims and paid claims under reinsurance contracts that do not meet the reinsurance documentation test..........................................................................
2.4.3 Total net amount recoverable on reinsurance contracts reported in item 2.4, that relates to claims recognised in the calculation of the OCL (ie other than reinsurance recoveries relating to claims that have been paid)........................................................................................................................................ 2,793
3,717
3,595
2.4.1 Amount recoverable from reinsurance contracts on outstanding claims and paid claims......................
2.4.2 Provision for doubtful debts - reinsurance recoverable on outstanding claims and paid claims............
3,717
3,595
2.4 Net amount recoverable from reinsurance contracts on outstanding claims and paid claims....................................................................................................................................................................
GRF_300_0_L: Statement of Financial Position ( L )
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
9.2 Liability adequacy test write-downs......................................................................................................................
9.1 Deferred acquisition costs prior to liability adequacy test write-downs..........................................................
9. Deferred acquisition costs.........................................................................................................................................
8.3 Deferred reinsurance expense under reinsurance contracts that do not meet governing law requirements..................................................................................................................................................................
8.2 Deferred reinsurance expense under reinsurance contracts that do not meet the reinsurance documentation test........................................................................................................................................................
8.1 Deferred reinsurance expense as reported under AASB 1023......................................................................
8. Deferred reinsurance expense.................................................................................................................................
7. Deferred levies and charges......................................................................................................................................
6.4 Other...........................................................................................................................................................................
6.3 Non-current assets and disposal groups classified as held for sale..........................................................
Page 104 of 157
Printed: 11-Apr-2014 03:27 PM
0
60
60
6.1 Prepayments............................................................................................................................................................
0
60
60
6. Total other assets.........................................................................................................................................................
6.2 Surplus in defined benefit superannuation fund...............................................................................................
0
11,119
0
6,249
5.3 Other...........................................................................................................................................................................
5.2 Attributable to insurance liability provisions.......................................................................................................
5.1 Carried forward unused tax losses......................................................................................................................
5. Total deferred tax assets.............................................................................................................................................
4. Total derivative financial instruments (related to GRF 114.2).............................................................................
3. Investments (related to GRF 114.4)..........................................................................................................................
GRF_300_0_L: Statement of Financial Position ( L )
693 639
693 639
11.1 Plant and equipment ...........................................................................................................................................
11.2 Accumulated depreciation / impairment...........................................................................................................
19,135
13,942
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Page 105 of 157
Printed: 11-Apr-2014 03:27 PM
624
624
12.5 Total intangible assets after amortisation and impairment........................................................................
13. Total assets.................................................................................................................................................................
3,233
3,233
3,857
3,233
3,233
3,857
12.4.3 Total accumulated amortisation and impairment - Identifiable intangible assets.............................
12.4.2 Accumulated impairment - Intangible assets with an indefinite life.................................................
12.4.1 Accumulated amortisation - Intangible assets with a finite life.........................................................
12.4 Accumulated amortisation and impairment - Identifiable intangible assets
12.3.3 Total identifiable intangible assets...........................................................................................................
12.3.2 Intangible assets with an indefinite life...................................................................................................
12.3.1 Intangible assets with a finite life.............................................................................................................
12.3 Identifiable intangible assets
12.2 Accumulated impairment - Goodwill.................................................................................................................
12.1 Goodwill.................................................................................................................................................................
12. Intangible assets
3,857
54
54
11. Total plant & equipment net of depreciation / impairment..............................................................................
3,857
0
10.4 Other.........................................................................................................................................................................
0
10.3 Joint ventures.........................................................................................................................................................
10.2 Associates..............................................................................................................................................................
10.1.1 Controlled entities..........................................................................................................................................
10.1 Parent entity............................................................................................................................................................
10. Total other investments.............................................................................................................................................
GRF_300_0_L: Statement of Financial Position ( L )
95 4,898
95 4,689
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
19.5.2 Term loans with fixed interest rate...........................................................................................................
19.5.1 Term loans with variable interest rate.....................................................................................................
19.5 Term loans:
19.4 Securities issued (eg promissory notes / commercial paper).....................................................................
19.3 Overdraft..................................................................................................................................................................
19.2 Finance lease liability...........................................................................................................................................
19.1 Securities sold under agreements to repurchase..........................................................................................
19. Total Borrowings........................................................................................................................................................
18. Unexpired risk liability..............................................................................................................................................
17. Unearned premium liability......................................................................................................................................
16. Outstanding claims liabilities................................................................................................................................. 16.1 Total OCL that is associated with claims / settlements in a currency other than the Australian currency).......................................................................................................................................................
0
95
95
15. Amounts due on reinsurance contracts..............................................................................................................
Page 106 of 157
Printed: 11-Apr-2014 03:27 PM
0
209
767
15.1 Amounts due on reinsurance contracts that are payable to related parties...............................................
2,679
767
14.2 Creditors and accruals.........................................................................................................................................
2,661
112
104
14.1 GST payable...........................................................................................................................................................
14.3 Total creditors/accruals that are payable to related parties..........................................................................
2,791
2,765
14. Total creditors and accruals...................................................................................................................................
Liabilities
GRF_300_0_L: Statement of Financial Position ( L )
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
22.4 Other liabilities.......................................................................................................................................................
22.3 Liabilities included in disposal groups classified as held for sale.............................................................
22.2 Deficit in defined benefit superannuation fund................................................................................................
22.1 Total derivative financial instruments................................................................................................................
22. Total other liabilities..................................................................................................................................................
21.4 Other........................................................................................................................................................................
21.3 Restructuring costs...............................................................................................................................................
21.2 Employee entitlements........................................................................................................................................
21.1 Dividends................................................................................................................................................................
21. Total provisions..........................................................................................................................................................
20.2 Deferred tax liability...............................................................................................................................................
20.1 Current tax liability.................................................................................................................................................
20. Total income tax liability...........................................................................................................................................
19.6.4 Denominated in a currency other than Australian currency....................................................................
19.6.3 Secured against assets of the insurer.......................................................................................................
19.6.2 Payable to other related parties...................................................................................................................
19.6.1.1 Payable to controlled entities................................................................................................................
19.6.1 Payable to parent entity.................................................................................................................................
19.6 Total borrowings which are
GRF_300_0_L: Statement of Financial Position ( L )
0
0
241
241
0
Printed: 11-Apr-2014 03:27 PM
0
0
241
241
3
3
Page 107 of 157
11,107
6,152
25. Net assets....................................................................................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
26.3 Other.........................................................................................................................................................................
0
Page 108 of 157
Printed: 11-Apr-2014 03:27 PM
0
15,573
15,573
26.1 Ordinary shares....................................................................................................................................................
26.2 Preference shares................................................................................................................................................
15,573
15,573
26. Total share capital....................................................................................................................................................
Shareholders' equity
8,028
0
7,790
0
24. Total liabilities..............................................................................................................................................................
23.3.4 Denominated in a currency other than Australian currency...................................................................
23.3.3 Secured against assets of the insurer........................................................................................................
23.3.2 Payable to other related parties..................................................................................................................
23.3.1.1 Payable to controlled entities................................................................................................................
23.3.1 Payable to parent entity.................................................................................................................................
23.3 Total loan capital and hybrid securities which are:
23.2 Hybrid securities....................................................................................................................................................
23.1 Loan capital............................................................................................................................................................
23. Total loan capital and hybrid securities...............................................................................................................
GRF_300_0_L: Statement of Financial Position ( L )
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
30.4 Net surplus / deficit relating to insurance liabilities.....................................................................................
30.3 Tax effect of net OCL and premiums liabilities surplus / deficit......................................................................
30.2.3 Total premiums liabilities surplus / (deficit)..............................................................................................
30.2.2 Deferred reinsurance expense for future business not yet written.......................................................
30.2.1 Premiums liabilities surplus/(deficit)..........................................................................................................
30.2. Premiums liabilities surplus / (deficit) calculation:
30.1 OCL surplus / (deficit)...........................................................................................................................................
0
Page 109 of 157
Printed: 11-Apr-2014 03:27 PM
0
0
11,107
6,152
29. Total shareholders' equity attributable to shareholders of the company...................................................
0
-4,822
-9,421
28. Retained earnings at the end of the period.............................................................................................................
30. Additional disclosure required for the adjusted net assets in Australia calculation
0
356
0
0
0
356
27.7 Other reserves........................................................................................................................................................
27.6 Share-based payments reserve.........................................................................................................................
27.5 Cash flow hedge reserve.....................................................................................................................................
27.4 Foreign currency translation reserve.................................................................................................................
27.3.7 Other..................................................................................................................................................................
27.3.6 Relating to non-current assets or disposal groups held for sale.........................................................
27.3.5 Investments in associates / share of associates ARR...........................................................................
27.3.4 Investment in controlled entities..................................................................................................................
27.3.3 Intangibles revaluation surplus...................................................................................................................
27.3.2 Plant and equipment......................................................................................................................................
27.3.1 Property............................................................................................................................................................
27.3 Total asset revaluation reserve..........................................................................................................................
27.2 Capital profits reserve..........................................................................................................................................
27.1 General reserve......................................................................................................................................................
27. Total reserves............................................................................................................................................................
GRF_300_0_L: Statement of Financial Position ( L )
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_310_0_L: Income Statement
GRF_310_0_L: Income Statement
Printed: 11-Apr-2014 03:27 PM
Page 110 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
B - Subsidiary of Insurance Group
Category of Insurer
GRF_310_0_L: Income Statement
Printed: 11-Apr-2014 03:27 PM
Page 111 of 157
283
Net claims expense....................................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Commission expense.................................................................................................................
Commission revenue.................................................................................................................
Levies and charges....................................................................................................................
Results of liability adequacy tests (prior years)....................................................................
Results of liability adequacy tests (current year)....................................................................
Acquisition costs (excluding the results of the liability adequacy tests)............................
net claims expense................................................................................................................
Net claims expense which is: Non-recurring items that are part of total -217
500
1,192
Total recoveries............................................................................................................................
Net claims expense which is: Current period net claims expense................................
1,192
Reinsurance recoveries revenue relating to current and prior years................................
Non-reinsurance recoveries revenue.......................................................................................
Gross claims expense...............................................................................................................
Movement in OCL.....................................................................................................................
Paid claims............................................................................................................................ 1,475
-535
Associated with inwards reinsurance:
2,010
Movement in OCL..................................................................................................................
5,281
255
5,536
Paid claims............................................................................................................................
Associated with direct business:
Claims expense:
Net premium revenue................................................................................................................
Outwards reinsurance expense relating to current and prior years cover......................
Total premium revenue...............................................................................................................
Fire service levy (and other levies imposed by state and territory governments)........
Inwards reinsurance...............................................................................................................
5,536
GRF_310_0_L: Income Statement
Direct business......................................................................................................................
Premium revenue:
Printed: 11-Apr-2014 03:27 PM
Page 112 of 157
4,889
Underwriting result......................................................................................................................
6,558
Other operating expenses...........................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Retained earnings at the end of the reporting period............................................................
Dividends declared or paid..........................................................................................................
Total available for appropriation...........................................................................................
Amounts transferred to / from reserves...................................................................................
Reduction in retained earnings on share buy back.................................................................................
policies / standards.....................................................................................................................
Adjustments to retained earnings due to change in accounting
Retained earnings at the beginning of the financial year..........................................................
Opening / closing balance of retained earnings (non Category C insurers only)
Net profit (loss) after income tax attributable to members of the company..................
Profit (loss) from discontinued operations after income tax...............................................
-4,822
-4,822
-5,188
366
366
17
Income tax expense (benefit) from continuing operations.....................................................
Profit (loss) from continuing operations after income tax.................................................
383
Profit (loss) from continuing operations before income tax expense (benefit)..........
sale and not qualifying as discontinued operations............................................................
Profit (loss) from non-current assets and disposal groups classified as held for
Bargain purchase immediately recognised in profit or loss................................................
1,566
393
4,982
Other operating income..............................................................................................................
Investment income on shareholders' funds............................................................................
Insurance result.........................................................................................................................
Investment expenses on assets backing insurance liabilities...........................................
93
109
Total underwriting expenses...................................................................................................
Investment income on assets backing insurance liabilities.............................................
109
GRF_310_0_L: Income Statement
Other underwriting expenses.....................................................................................................
Printed: 11-Apr-2014 03:27 PM
Page 113 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Retained earnings at the end of the reporting period.............................................................
Head office transfers declared or paid......................................................................................
Aggregate of other amounts.........................................................................................................
Aggregate of amounts transferred to parent entity (i.e. dividends).......................................
Aggregate of amounts transferred from parent entity (i.e. contributions of capital).......
Aggregate of amounts transferred from / to reserves.........................................................
policies / standards........................................................................................................................
Adjustments to retained earnings due to change in accounting
Retained earnings at the beginning of the financial year.....................................................
Opening / closing balance of retained earnings (Category C insurers only)
GRF_310_0_L: Income Statement
0
Printed: 11-Apr-2014 03:27 PM
Page 114 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Nil Form
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_310_1_L: Premium Revenue and Reinsurance Expense (L)
GRF_310_1_L: Premium Revenue and Reinsurance Expense (L)
Printed: 11-Apr-2014 03:27 PM
Page 115 of 157
5,536
Other dire...
Of which... AASB 10...
AASB 10... 5,536
AASB 10...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total gro...
Class of ...
Section 1: Direct Business:
5,536
Fire serv... AASB 10... 255
Full cost ... GRF 300... 255
GRF 300... Total Rei...
GRF_310_1_L: Premium Revenue and Reinsurance Expense (L)
255
Total rei...
45,464
Number ...
Printed: 11-Apr-2014 03:27 PM
5,281
Net pre...
Page 116 of 157
Of which:... AASB 102... AASB 102... AASB 102... Fire servi...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of b... Total gro...
Section 2A: Reinsurance business AASB 102... Full cost ...
GRF 300....
GRF_310_1_L: Premium Revenue and Reinsurance Expense (L)
GRF 300....
Net premi...
Total rein...
Printed: 11-Apr-2014 03:27 PM
Total Rei...
Page 117 of 157
0 0 0 0
0
0
0
Non-proportional....................
Total............................................. 5,536
0
0
0
0
0
AASB 1023 Gross UPL at beginning of financial year (4) AASB 1023 Gross UPL at end of period (5)
0
0
0
0
0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Other related entities......................
Associates / Joint ventures................
the parent........................................
Controlled entities of
Controlled entities /
Parent entity.......................................
Of which is from / with:
business.....................................
Proportional..............................
Total reinsurance
0
Of which: Gross written premium Total revenue gross relating written to uncpremium losed revenue business (2) (3)
Total direct business...................5,536
Section 3: Total
5,536
0
0
0
5,536
0
0
0
0
0
5,536
0
0
0
5,536
255
0
0
0
255
0
0
0
0
0
0
0
0
0
0
255
0
0
0
255
5,281
0
0
0
5,281
45,464
45,464
5,281
5,281
Premium rec'd Number on a of risks cashflow written basis (15) (16)
Page 118 of 157
Printed: 11-Apr-2014 03:27 PM
255
0
0
0
255
Fire service levy and other AASB levies AASB Full cost Total 1023 imposed 1023 of reinsu- GRF 300.0 reinsGross by state Gross rance DRE at urance earned and earned entered begin- GRF 300.0 Total expense premium territory premium into in ning of DRE at ReinsNet per (exclud- govern- (includthe financial end of urance premium AASB ing FSL) ments ing FSL) period year period expense revenue 1023 (6) (7) (8) (9) (10) (11) (12) (13) (14)
GRF_310_1_L: Premium Revenue and Reinsurance Expense (L)
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Nil Form
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_310_2_L: Claims Expense and Reinsurance Recoveries (L)
GRF_310_2_L: Claims Expense and Reinsurance Recoveries (L)
Printed: 11-Apr-2014 03:27 PM
Page 119 of 157
3,302
Claim p...
6,725
OCL at ...
4,898
OCL at ... 1,475
Total gr...
Non-rei...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Other dire...
Class of...
Section 1: Direct business
Non-rei...
Non-rei...
Non-rei... 0
3,441
Reinsur... 5,165
Reinsur... 2,916
Reinsur...
GRF_310_2_L: Claims Expense and Reinsurance Recoveries (L)
1,192
Reinsur...
500
Current...
-217
Non-rec...
Printed: 11-Apr-2014 03:27 PM
283
Net clai...
Page 120 of 157
Claim p...
OCL at ...
OCL at ...
Total gr...
Non-rei...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of...
Section 2: Reinsurance business
Non-rei...
Non-rei...
Non-rei...
Reinsur...
Reinsur...
Reinsur...
GRF_310_2_L: Claims Expense and Reinsurance Recoveries (L)
Reinsur...
Current...
Non-rec...
Printed: 11-Apr-2014 03:27 PM
Net clai...
Page 121 of 157
0
0
6,725
0
0
Proportional.......................
Non-proportional.................
TOTAL................................... 3,302
4,898
0
0
0
4,898
0
0
0
0
0
0
0
0
0
0
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Other related entities.................................................................
Associates / Joint ventures....................................................................
Controlled entities / Controlled entities of the parent.................................................................................
1,475
0
0
0
1,475
0
0
0
0
0
0
0
0
0
0
3,441
0
0
0
3,441
5,165
0
0
0
5,165
2,916
0
0
0
2,916
ReinsurNon-reins- Non-reinsNon-reins- Reinsurance urance urance Non-reins- urance ance recovReinsurrecovrecovurance recovrecoveries ance eries ries recei- recoveries eries receivrecovable at revenue vable at eries revenue revenue eries Total received beginning receirelating received beginning receivin the of able at gross of vable at to current in the claims current financial end of and prior current financial end of year year period years year year period expense (9) (5) (6) (7) (8) (10) (11) (12)
Parent entity.................................................................................
Of which is from / with:
0
0
business.................................
Total reinsurance
6,725
Claim payments OCL at made in beginning the of OCL at current financial end of year year period (2) (3) (4)
Total direct business............ 3,302
Section 3: Total
1,192
0
0
0
1,192
283
0
0
0
283
Reinsurance recoveries revenue relating to current Net and prior claims years expense (13) (14)
GRF_310_2_L: Claims Expense and Reinsurance Recoveries (L)
-217
0
0
0
-217
431
431
2,010
2,010
Claims paid (cashflow basis) (18)
Printed: 11-Apr-2014 03:27 PM
500
0
0
0
500
Current period net claims expense (15)
Non-rec- Reinsururring ance items recovthat are eries part of received total net (cashclaims flow expense basis) (16) (17)
Page 122 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Nil Form
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_310_3_L: Details of Income and Expenses
GRF_310_3_L: Details of Income and Expenses
Printed: 11-Apr-2014 03:27 PM
Page 123 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
1.4.3. Other....................................................................................................................
1.4.2. Other related parties........................................................................................
1.4.1. Parent & controlled entities..............................................................................
1.4. Total trust distributions.......................................................................................
1.3.3 Other....................................................................................................................
1.3.2. Other related parties........................................................................................
1.3.1. Parent & controlled entities.............................................................................
1.3. Total rental income..............................................................................................
1.2.3. Other.....................................................................................................................
1.2.2. Other related parties.........................................................................................
1.2.1. Parent & controlled entities................................................................................
1.2. Total dividend income..........................................................................................
1.1.4. Other.....................................................................................................................
1.1.3. Derivatives...........................................................................................................
1.1.2. Other related parties..........................................................................................
1.1.1. Parent & controlled entities...........................................................................
1.1. Total interest income.............................................................................................
1. Investment income
0
0
0
402
84
486
GRF_310_3_L: Details of Income and Expenses
Printed: 11-Apr-2014 03:27 PM
Page 124 of 157
Amount
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Other distributions (please specify)
1.5. Total other distributions.......................................................................................
0
GRF_310_3_L: Details of Income and Expenses
Printed: 11-Apr-2014 03:27 PM
Page 125 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
1.8.1.4. Loans and advances..................................................................................
1.8.1.3. Property investments................................................................................
1.8.1.2. Equity investments.....................................................................................
1.8.1.1. Interest rate investments..........................................................................
1.8.1. Direct investments:
1.8. Total realised gains / losses on investments..................................................
1.7.2.1. Units in trusts / managed investment vehicles.......................................
1.7.2 Indirect Investments:
1.7.1.5. Derivatives (other than foreign exchange)..............................................
1.7.1.4. Loans and advances..................................................................................
1.7.1.3. Property investments.................................................................................
1.7.1.2. Equity investments...................................................................................
1.7.1.1. Interest rate investments.............................................................................
1.7.1 Direct Investments:
1.7. Total unrealised gains / losses on investments...................................................
1.6.2. Derivatives.........................................................................................................
1.6.1. Investments (other than derivatives)............................................................
(realised and unrealised):
1.6 Total foreign exchange gains / losses relating to investments
1.5.2. Other related parties..........................................................................................
1.5.1. Parent & controlled entities...............................................................................
0
0
0
GRF_310_3_L: Details of Income and Expenses
Printed: 11-Apr-2014 03:27 PM
Page 126 of 157
Amount
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Other investment income (please specify)
1.9. Total other investment income............................................................................
1.8.2.1. Units in trusts / managed investment vehicles...................................
1.8.2. Indirect Investments:
0
GRF_310_3_L: Details of Income and Expenses
1.8.1.5. Derivatives (other than foreign exchange)...........................................
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Page 127 of 157
93
1.10.2. which is attributable to policyholders' funds..............................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
2.3.3. Other assets......................................................................................................
2.3.2. Investment in associates / joint ventures......................................................
2.3.1. Investment in controlled entities...................................................................
2.3. Total net increment / decrement (or write-down) from revaluation........
2.2.3. Other..................................................................................................................
2.2.2.2. Derivatives (hedging claims exposure).................................................
2.2.2.1. Underlying exposure....................................................................................
2.2.2. Claims liability
2.2.1.2. Derivatives (hedging borrowing exposure)..........................................
2.2.1.1. Underlying exposure.......................................................................................................
2.2.1. Borrowings
2.2. Total foreign exchange gains / losses (realised and unrealised)...............
2.1.4. Other assets......................................................................................................
2.1.3. Investments in associates / joint ventures..................................................
2.1.2. Investments in controlled entities................................................................
2.1.1. Insurance portfolios........................................................................................
2.1. Total realised gains / losses.................................................................................
0
0
0
393
1.10.1. which is attributable to shareholders' funds................................................
2. Operating income
486
1.10. Total Investment Income...................................................................................
GRF_310_3_L: Details of Income and Expenses
Printed: 11-Apr-2014 03:27 PM
Page 128 of 157
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
2.7. Total other operating income.................................................................................
2.6. Total income from life insurance business....................................................
2.5.4. Other...................................................................................................................
2.5.3. Scrip lending.........................................................................................................
2.5.2. Underwriting activities......................................................................................
2.5.1. Funds management........................................................................................
2.5. Total fees and commissions.......................................................................................
accounted for using the equity method of accounting
2.4. Share of net profits (losses) of associates and joint ventures
1,566
0
GRF_310_3_L: Details of Income and Expenses
Printed: 11-Apr-2014 03:27 PM
Page 129 of 157
Amount
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Fees and Commisions
Misc IT and Finance Income
Other operating income (please specify)
1,386
180
GRF_310_3_L: Details of Income and Expenses
Printed: 11-Apr-2014 03:27 PM
Page 130 of 157
2,585
452
3.3.3. Other....................................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
239
-421
3.3.1.2. Other..............................................................................................................
3.3.2. Operating lease rentals..................................................................................
28 449
3.3.1.1. Plant and equipment................................................................................
719
3.3. Total occupancy and equipment expenses.....................................................
3.3.1. Depreciation / impairment.............................................................................
444
3.2.3. Other employee related costs.........................................................................
3.2.2. Share-based payment expenses..................................................................
3,029
3.2.1. Wages & salaries............................................................................................
0
1,566
3.2. Total personnel expenses.......................................................................................
3.1.5.4. Other related parties....................................................................................
3.1.5.3. Associates / joint ventures............................................................................
3.1.5.2. Controlled entities.........................................................................................
3.1.5.1. Parent entity................................................................................................
3.1.5. Total interest expense paid to:
3.1.4. Derivatives........................................................................................................
3.1.3. Other interest bearing liabilities......................................................................
3.1.2. Loan capital.........................................................................................................
3.1.1. Borrowings.........................................................................................................
3.1. Total interest expense.............................................................................................
3. Operating expenses
2.8. Total operating Income.............................................................................................
GRF_310_3_L: Details of Income and Expenses
Printed: 11-Apr-2014 03:27 PM
Page 131 of 157
273 106 141
3.4.6. Consulting fees................................................................................................
3.4.7. Actuarial fees......................................................................................................
3.4.8. Directors fees......................................................................................................
6,558
3.5. Total operating expenses........................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
1,726
3.4.10. Other..................................................................................................................
3.4.9. Bad & doubtful debts.......................................................................................
3.4.5.2. Non-audit related services provided by audit firm...................................
115
449
2,810
3.4.5.1. Audit related services................................................................................
3.4.5. Fees for:
3.4.4. Other management fees...................................................................................
3.4.3.1. Of which: on assets backing insurance liabilities.................................
3.4.3. Investment management fees........................................................................
3.4.2. Amortisation of intangible assets with a finite useful life............................
3.4.1.3. Other assets..................................................................................................
3.4.1.2. Intangible assets with an indefinite useful life.......................................
3.4.1.1. Goodwill...........................................................................................................
3.4.1. Impairment of:
3.4. Total other operating expenses..........................................................................
GRF_310_3_L: Details of Income and Expenses
Printed: 11-Apr-2014 03:27 PM
Page 132 of 157
0
Other direct - categor...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Acquisition costs (ex... Results of LAT (curr...
Class of business (1)
Section 1: Direct Business
4. Underwriting expenses and Acquisition costs
Levies and charges (4)
Commission revenue... Commission expens...
GRF_310_3_L: Details of Income and Expenses
109
Total underwriting e...
Printed: 11-Apr-2014 03:27 PM
109
Other underwriting ...
Page 133 of 157
Acquisition costs (ex... Results of LAT (curr...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of business (1)
Section 2: Reinsurance business Levies and charges (4)
Commission revenue... Commission expens...
GRF_310_3_L: Details of Income and Expenses
Total underwriting e...
Printed: 11-Apr-2014 03:27 PM
Other underwriting ...
Page 134 of 157
0 0 0 0
0 0 0 0
Proportional.................................................................
Non-Proportional..........................................................
Total..................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
0
Total reinsurance business........................................
Acquisition Results of LAT costs (excluding (current and LAT results) prior years) (2) (3)
Total direct business.....................................................
Section 3: Total
Levies and charges (4)
0
0
0
0
0
Commission revenue (5)
GRF_310_3_L: Details of Income and Expenses
0
0
0
0
0
Commission expense (6)
0
0
0
0
0
109
0
0
0
109
Total underwriting expenses (8)
Printed: 11-Apr-2014 03:27 PM
109
0
0
0
109
Other underwriting expenses (7)
Page 135 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Nil Form
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_400_0_L: Statement of Risk by Country (L)
GRF_400_0_L: Statement of Risk by Country (L)
Printed: 11-Apr-2014 03:27 PM
Page 136 of 157
0
255
0
5,536
Total
0
1,244
1,573
253
5,283
Australia
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
relating to current and prior years..................1,192
4. Reinsurance recoveries revenue
3.2 Inwards reinsurance...........................
3.1 Direct............................................................ 1,475
3. Claims expense relating to current and prior years
2.2 Inwards reinsurance..........................
2.1 Direct....................................................
2. Reinsurance expense
1.2 Inwards reinsurance...........................
1.1 Direct ....................................................
1. Premium revenue
-52
-98
2
253
New Zealand USA
UK
GRF_400_0_L: Statement of Risk by Country (L)
Japan
Other
Printed: 11-Apr-2014 03:27 PM
Sth East Asia (excluding Continental Japan) Europe
Page 137 of 157
0
9. Other reinsurance assets................
7,790
8,028
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
3,101
3,130
4,689
18. Total liabilities....................................
0
4,898
0
17. Other..................................................
16. Borrowings/loan capital..................
15. Outstanding claims liabilities........
14. Unearned premium liability.............
Liabilities
4,098 13,942
4,299 19,135
6,249
13. Total assets.......................................
0
3,595
319
238
29
209
5,193
201
4,870
122
167
0
0
0
0
GRF_400_0_L: Statement of Risk by Country (L)
12. All other assets.................................
11. Other investments...............................
11,119
0
8. Deferred reinsurance expense.......
10. Investments.......................................
0
3,717
7. Deferred acquisition costs...............
outstanding claims................................
reinsurance contracts &
6. Amounts recoverable on
Assets
5. Investment Income.......................................... 486
0
0
0
0
0
0
Printed: 11-Apr-2014 03:27 PM
0
0
Page 138 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Nil Form
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_410_0_L: Movement in Outstanding Claims Liabilities
GRF_410_0_L: Movement in Outstanding Claims Liabilities
Printed: 11-Apr-2014 03:27 PM
Page 139 of 157
Current accdt/UW year
568
1,110
OCL net of ... 14
Reserve rel...
Reserve str...
Accdt/UW year - Previous 1-3 yrs
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Other direct - ...
Class of bus... OCL net of ...
Section 1: Direct business
0
268
OCL net of ... 20
Reserve rel...
Reserve str...
Accdt/UW year - Previous 4-5 yrs
GRF_410_0_L: Movement in Outstanding Claims Liabilities
0
177
OCL net of ...
Reserve str... 0
Printed: 11-Apr-2014 03:27 PM
15
Reserve rel...
Accdt/UW year - >5 yrs previous
Page 140 of 157
Current accdt/UW year OCL net of ...
Reserve rel...
Reserve str...
Accdt/UW year - Previous 1-3 yrs
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of bus... OCL net of ...
Section 2: Reinsurance
OCL net of ...
Reserve rel...
Reserve str...
Accdt/UW year - Previous 4-5 yrs
GRF_410_0_L: Movement in Outstanding Claims Liabilities
OCL net of ...
Reserve str...
Printed: 11-Apr-2014 03:27 PM
Reserve rel...
Accdt/UW year - >5 yrs previous
Page 141 of 157
0 0 0 1,110
0 0 0
568
Total reinsurance business..........
Proportional..................................
Non-proportional....................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total........................................................
1,110
568
Total direct business....................
Section 3: Total
14
0
0
0
14
0
0
0
0
0
268
0
0
0
268
20
0
0
0
20
GRF_410_0_L: Movement in Outstanding Claims Liabilities
0
0
0
0
0
177
0
0
0
177
0
0
0
0
0
Printed: 11-Apr-2014 03:27 PM
15
0
0
0
15
Page 142 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_420_0_L: Premium Revenue by State and Territory of Australia (L)
GRF_420_0_L: Premium Revenue by State and Territory of Australia (L)
Printed: 11-Apr-2014 03:27 PM
Page 143 of 157
NSW
1,940
VIC 1,410
QLD 580
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Other direct - c...
Class of busin...
SA 638
WA 491
TAS 91
ACT
GRF_420_0_L: Premium Revenue by State and Territory of Australia (L)
108
NT 5,283
Printed: 11-Apr-2014 03:27 PM
25
Total
Page 144 of 157
1,940
NSW
VIC 1,410
QLD 580
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total business
SA 638
WA 491
TAS 91
ACT
GRF_420_0_L: Premium Revenue by State and Territory of Australia (L)
108
NT
Total 5,283
Printed: 11-Apr-2014 03:27 PM
25
Page 145 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_430_0_L: Claims Expense by State and Territory of Australia (L)
GRF_430_0_L: Claims Expense by State and Territory of Australia (L)
Printed: 11-Apr-2014 03:27 PM
Page 146 of 157
NSW
3,434
VIC -1,088
QLD
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Other direct - cat...
Class of business 138
SA -711
WA 43
TAS -84
ACT
GRF_430_0_L: Claims Expense by State and Territory of Australia (L)
-130
NT
1,573
Printed: 11-Apr-2014 03:27 PM
-29
Total
Page 147 of 157
NSW
3,434
-1,088
VIC
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Total business
QLD 138
SA -711
WA 43
TAS -84
GRF_430_0_L: Claims Expense by State and Territory of Australia (L) ACT -130
-29
1,573
Total
Printed: 11-Apr-2014 03:27 PM
NT
Page 148 of 157
Scale Factor
Thousands
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Nil Form
First American Title Insurance Company of Australia Pty Limited
64075279908
Licensed Insurer
Reporting Consolidation
Institution Name
Australian Business Number
GRF_440_0_L: Claims Development Table (L)
GRF_440_0_L: Claims Development Table (L)
Printed: 11-Apr-2014 03:27 PM
Page 149 of 157
4,022
2,999
2,415
3,225
6,061
5,182
4,363
3,808
3,639
4,984
Other direc... Accident Y...
Other direc... Accident Y...
Other direc... Accident Y...
Other direc... Accident Y...
Other direc... Accident Y...
Other direc... Accident Y...
Other direc... Accident Y...
Other direc... Accident Y...
Other direc... Accident Y...
Other direc... Accident Y...
4,348
3,596
3,741
4,285
5,071
5,898
3,012
2,258
2,836
3,842
4,417
5,281
Net earn... 7
33
37
48
33
24
22
19
7
11
22
19
Number ...
0
0
0
0
0
10
1
1
2
4
10
23
Number ...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
4,618
Other direc... Accident Y...
Gross ea...
5,536
Accident ...
Other direc... Current Ac...
Class of ...
Section 1: Direct Business
1,324
2,483
3,325
3,962
2,489
1,265
1,180
151
27
145
92
20
668
500
500
408
500
500
313
120
27
145
92
20
Gross clai... Net claim...
0
0
335
327
393
11
9
46
30
93
184
28
Gross cas...
0
0
0
49
0
0
0
46
30
93
104
28
0
0
2
52
34
112
163
178
316
517
726
1,203
Net case ... Gross IB...
GRF_440_0_L: Claims Development Table (L)
1,324
2,483
3,662
4,341
2,916
1,388
1,352
375
373
755
1,002
1,251
668
500
500
469
500
500
371
233
179
456
500
500
Total net...
Printed: 11-Apr-2014 03:27 PM
0
0
0
12
0
0
58
67
122
218
304
452
Net IBNR... Total gro...
Page 150 of 157
Underwri...
Gross wri...
Net writt...
Number ...
Number ...
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Class of ...
Section 2: Reinsurance Business Gross clai... Net claim...
Gross cas...
Net case ... Gross IB...
GRF_440_0_L: Claims Development Table (L)
Total net...
Printed: 11-Apr-2014 03:27 PM
Net IBNR... Total gro...
Page 151 of 157
5,376 0 0 0 5,376
21,222 0 0 0 21,222
Total Reinsurance Business.................
Proportional............................................
Non-proportional.....................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
TOTAL...........................................................
Total Direct Business................................
Total net ultimate cost (IUD) (3)
Total gross ultimate cost (IUD) (2)
Section 3: Total
16,463
0
0
0
16,463
Gross claim payments (4)
3,793
0
0
0
3,793
Net claim payments (5)
4,759
0
0
0
4,759
1,583
0
0
0
1,583
103
0
0
0
103
Discount on Gross Net net outstanding outstanding outstanding claims (IUD) claims (IUD) claims (8) (6) (7)
GRF_440_0_L: Claims Development Table (L)
238
0
0
0
238
APRA risk margin on net outstanding claims (10)
1,982
0
0
0
1,982
APRA net OCL (11)
Printed: 11-Apr-2014 03:27 PM
264
0
0
0
264
Claims handling expenses on net outstanding claims (9)
Page 152 of 157
First American Title Insurance Company of Australia Pty Limited
Scale Factor
Thousands
64075279908
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Reporting Consolidation Licensed Insurer
Institution Name
Australian Business Number
GRF_460_0: Reinsurance Assets by Counterparty
GRF_460_0: Reinsurance Assets by Counterparty
Printed: 11-Apr-2014 03:27 PM
Page 153 of 157
Reinsurer identifier (2)
Counterparty APRA group counterparty name grade (3) (4)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First Americ... unassigned
Name of counterparty (reinsurer) (1)
Major form of collateral / guarantee (5) Group domicile (9)
United States United States
APRA counterparty Amount grade after of collateral / collateral / Counterparty guarantee guarantee domicile (7) (6) (8)
GRF_460_0: Reinsurance Assets by Counterparty
1,456
Central estimate of reinsurance recoverables (10)
2,262
Reinsurance recoverable outstanding from second annual balance date after the event central estimate (12)
Deferred reinsurance expense (13)
Printed: 11-Apr-2014 03:27 PM
Net reinsurance recoverable on paid claims overdue for more than 6 months - central estimate (11)
Page 154 of 157
1,456
Total..........................................................................................................................................................................
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
0
0 Other..........................................................................................................................................................................
GRF_460_0: Reinsurance Assets by Counterparty
2,262
0
0
Printed: 11-Apr-2014 03:27 PM
0
Page 155 of 157
First American Title Insurance Company of Australia Pty Limited
Scale Factor
Thousands
64075279908
Reporting Period
31-Dec-2013
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
Reporting Consolidation Licensed Insurer
Institution Name
Australian Business Number
GRF_460_1: Exposure Analysis by Reinsurance Counterparty
GRF_460_1: Exposure Analysis by Reinsurance Counterparty
Printed: 11-Apr-2014 03:27 PM
Page 156 of 157
Reinsurer identifier (2)
First Americ... Grade 3
Group domicile (6)
United States United States
Counterparty APRA group counterparty Counterparty domicile name grade (4) (5) (3)
Authentication Code: 402c-c70a-0ca3-8793-1fc2-5986-d349-af13
First Americ... unassigned
Name of counterparty (reinsurer) (1)
Impact on capital base and prescribed capital amount
-3,622
Total impact on capital base (7)
309
Total impact on Insurance Risk Charge (8)
9,500
-320
Total impact on Total Asset impact on Risk Insurance Charge Concentration (after Risk aggregation Charge formula) (9) (10)
GRF_460_1: Exposure Analysis by Reinsurance Counterparty
9,049
Total impact on prescribed capital amount (13)
Printed: 11-Apr-2014 03:27 PM
Total impact on Total Asset impact on Concentration Operational Risk Risk Charge Charge (11) (12)
Page 157 of 157
