Capital Adequacy

Capital Adequacy Disclosure

Youi is required under APRA’s Prudential Standard GPS 110 ‘Capital Adequacy’ to publish at least annually, readily accessible information for both policy owners and other market participants, about the capital adequacy position of the general insurer and Level 2 Insurance Group.

The Level 2 Insurance Group includes Youi Holdings Pty Ltd and its subsidiaries.

The calculations have been compiled based on audited information supplied to APRA as at 30 June 2019.

  Youi Pty Ltd Level 2 Insurance Group
  $’000 $’000
Capital Base    
Common Equity Tier 1 Capital 305,997 344,484
Additional Tier 1 Capital 0 0
Tier 2 Capital 35,000 79,334
Capital Base 340,997 423,818
Regulatory Adjustments to Common Equity Tier 1 Capital 12,617 12,419
Regulatory Adjustments to Additional Tier 1 Capital 0 0
Regulatory Adjustments to Tier 2 Capital 0 0
     
Prescribed Capital Amount    
Insurance Risk Charge 44,080 44,613
Insurance Concentration Risk Charge 9,500 9,500
Asset Risk Charge 38,279 40,619
Asset Concentration Risk Charge 0 0
Operational Risk Charge 20,773 21,449
Aggregation Benefit (20,050) (20,858)
APRA Prescribed Adjustments 0 0
Prescribed Capital Amount 92,582 95,323
     
Capital Adequacy Multiple    
Capital Base 340,997 423,818
Prescribed Capital Amount 92,582 95,323
Capital Adequacy Multiple 368% 445%
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