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 2021.
| Youi Pty Ltd | Level 2 Insurance Group | |
| $’000 | $’000 | |
| Capital Base | ||
| Common Equity Tier 1 Capital | 321,478 | 409,120 |
| Additional Tier 1 Capital | 0 | 0 |
| Tier 2 Capital | 29,233 | 29,233 |
| Capital Base | 350,711 | 438,353 |
| Regulatory Adjustments to Common Equity Tier 1 Capital | 20,805 | 29,817 |
| Regulatory Adjustments to Additional Tier 1 Capital | 0 | 0 |
| Regulatory Adjustments to Tier 2 Capital | 0 | 0 |
| Prescribed Capital Amount | ||
| Insurance Risk Charge | 59,158 | 59,158 |
| Insurance Concentration Risk Charge | 30,000 | 30,000 |
| Asset Risk Charge | 59,137 | 60,806 |
| Asset Concentration Risk Charge | 0 | 0 |
| Operational Risk Charge | 27,962 | 27,962 |
| Aggregation Benefit | (31,868) | (32,427) |
| APRA Prescribed Adjustments | 0 | 0 |
| Prescribed Capital Amount | 144,389 | 145,499 |
| Capital Adequacy Multiple | ||
| Capital Base | 350,711 | 438,353 |
| Prescribed Capital Amount | 144,389 | 145,499 |
| Capital Adequacy Multiple | 243% | 301% |