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 2021.

 Youi Pty Ltd Level 2 Insurance Group
 $’000$’000
Capital Base  
Common Equity Tier 1 Capital321,478409,120
Additional Tier 1 Capital00
Tier 2 Capital29,23329,233
Capital Base350,711438,353
Regulatory Adjustments to Common Equity Tier 1 Capital20,80529,817
Regulatory Adjustments to Additional Tier 1 Capital00
Regulatory Adjustments to Tier 2 Capital00
   
Prescribed Capital Amount  
Insurance Risk Charge59,15859,158
Insurance Concentration Risk Charge30,00030,000
Asset Risk Charge59,13760,806
Asset Concentration Risk Charge00
Operational Risk Charge27,96227,962
Aggregation Benefit(31,868)(32,427)
APRA Prescribed Adjustments00
Prescribed Capital Amount144,389145,499
   
Capital Adequacy Multiple  
Capital Base350,711438,353
Prescribed Capital Amount144,389145,499
Capital Adequacy Multiple243%301%