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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 2020.

  Youi Pty Ltd Level 2 Insurance Group
  $’000 $’000
Capital Base    
Common Equity Tier 1 Capital 258,799 345,360
Additional Tier 1 Capital 0 0
Tier 2 Capital 34,721 34,721
Capital Base 293,520 380,081
Regulatory Adjustments to Common Equity Tier 1 Capital 17,644 25,179
Regulatory Adjustments to Additional Tier 1 Capital 0 0
Regulatory Adjustments to Tier 2 Capital 0 0
     
Prescribed Capital Amount    
Insurance Risk Charge 51,151 51,151
Insurance Concentration Risk Charge 12,000 12,000
Asset Risk Charge 46,027 45,794
Asset Concentration Risk Charge 0 0
Operational Risk Charge 22,556 22,556
Aggregation Benefit (23,918) (23,846)
APRA Prescribed Adjustments 0 0
Prescribed Capital Amount 107,816 107,655
     
Capital Adequacy Multiple    
Capital Base 293,520 380,081
Prescribed Capital Amount 107,816 107,655
Capital Adequacy Multiple 272% 353%