Insurance Contract Receivables and Payables (Tables)

12 Months Ended

Dec. 31, 2019

Insurance Contracts [Abstract]

Disclosure of insurance contract receivables and changes in premiums

Insurance contract receivables were comprised as follows:

	December 31, 2019			December 31, 2018
Insurance premiums receivable		3,325.0			2,949.8
Reinsurance premiums receivable		1,176.0			1,082.1
Funds withheld receivable		753.7			800.9
Other		211.0			307.5
Provision for uncollectible receivables		(30.7	)		(29.6	)
		5,435.0			5,110.7
Current		4,921.5			4,467.1
Non-current		513.5			643.6
		5,435.0			5,110.7

Changes in insurance premiums receivable and reinsurance premiums receivable for the years ended December 31 were as follows:

	Insurance premiums receivable				Reinsurance premiums receivable
	2019		2018		2019		2018
Balance – January 1	2,949.8		2,752.3		1,082.1		1,086.4
Gross premiums written	13,167.8		11,895.0		4,343.4		3,633.3
Premiums collected	(11,516.3	)	(10,344.5	)	(3,288.5	)	(2,772.1	)
Amounts due to brokers and agents	(1,284.5	)	(1,220.4	)	(917.2	)	(842.7	)
Acquisitions of subsidiaries (note 23)	17.1		4.0		—		—
Assets held for sale (note 23)	(1.7	)	—		(22.6	)	—
Recovery (impairments)	(1.3	)	(1.3	)	0.3		(1.7	)
Foreign exchange effect and other	(5.9	)	(135.3	)	(21.5	)	(21.1	)
Balance – December 31	3,325.0		2,949.8		1,176.0		1,082.1

Disclosure of amounts arising from insurance contract payables

Insurance contract payables were comprised as follows:

	December 31, 2019		December 31, 2018
Payable to reinsurers		1,469.4		1,122.2
Ceded deferred premium acquisition costs		373.2		254.8
Funds withheld payable to reinsurers		239.1		128.5
Amounts payable to agents and brokers		101.8		93.8
Accrued commissions		95.5		87.3
Accrued premium taxes		82.7		74.6
Other insurance contract payables		229.3		241.9
		2,591.0		2,003.1
Current		2,315.4		1,514.2
Non-current		275.6		488.9
		2,591.0		2,003.1