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Assets And Policyholder Liabilities Under Insurance And Investment Contracts
 6 Months Ended
Dec. 31, 2024
Assets And Policyholder Liabilities Under Insurance And Investment Contracts [Abstract]  
Assets And Policyholder Liabilities Under Insurance And Investment Contracts
8.
 
Assets and policyholder liabilities under insurance and investment
 
contracts
Reinsurance assets and policyholder liabilities under insurance contracts
 
Summarized below
 
is the
 
movement in
 
reinsurance assets
 
and policyholder
 
liabilities under
 
insurance contracts
 
during the
 
six
months ended December 31, 2024:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reinsurance
Assets
(1)
Insurance
contracts
(2)
Balance as of June 30, 2024
$
1,469
$
(2,241)
Increase in policy holder benefits under insurance contracts
 
550
(5,028)
Claims and decrease in policyholders’ benefits under insurance
 
contracts
(260)
4,582
Foreign currency adjustment
(3)
(67)
102
Balance as of December 31, 2024
$
1,692
$
(2,585)
 
 
 
 
 
 
(1) Included in other long-term assets (refer to Note 6);
(2) Included in other long-term liabilities;
(3) Represents the effects of the fluctuations of the ZAR against the U.S. dollar.
The Company has agreements with reinsurance companies in order to limit its losses from various insurance contracts, however,
if the reinsurer is unable
 
to meet its obligations, the
 
Company retains the liability.
 
The value of insurance
 
contract liabilities is based
on the best estimate assumptions of future experience plus prescribed
 
margins, as required in the markets in which these
 
products are
offered,
 
namely South
 
Africa. The
 
process of
 
deriving the
 
best estimate
 
assumptions plus
 
prescribed margins
 
includes assumptions
related to claim reporting delays (based on average industry experience).
Assets and policyholder liabilities under investment contracts
Summarized below is the movement
 
in assets and policyholder
 
liabilities under investment contracts during
 
the six months ended
December 31, 2024:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets
(1)
Investment
contracts
(2)
Balance as of June 30, 2024
$
216
$
(216)
Increase in policy holder benefits under investment contracts
 
8
(8)
Foreign currency adjustment
(3)
(7)
7
Balance as of December 31, 2024
$
217
$
(217)
(1) Included in other long-term assets (refer to Note 6);
(2) Included in other long-term liabilities;
(3) Represents the effects of the fluctuations of the ZAR against the U.S. dollar.
The Company does not offer any investment products with guarantees
 
related to capital or returns.