84 25. Insurance contract liabilities (Unit: Million Baht) Consolidated financial statements 2021 2020 Insurance contract liabilities Reinsurance assets Net Insurance contract liabilities Reinsurance assets Net Life policy reserves 5,101 - 5,101 5,812 - 5,812 Loss reserves and outstanding claims 1,883 (152) 1,731 1,839 (210) 1,629 Unearned premium reserve 4,336 (337) 3,999 4,483 (398) 4,085 Unpaid policy benefits 14 - 14 15 - 15 Other liabilities under insurance policies 80 - 80 82 - 82 Total 11,414 (489) 10,925 12,231 (608) 11,623 25.1 Life policy reserves for long-term insurance contracts (Unit: Million Baht) Consolidated financial statements 2021 2020 Balance - beginning of the year 5,812 6,770 Insurance policy reserves increased from new policies and enforced policies (decreased) (8) 72 Insurance policy reserves decreased from benefit paid, lapse, surrender and others (699) (1,319) Assumptions changes (162) 179 Experience adjustments 158 110 Balance - end of the year 5,101 5,812 300
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