We're gonna forecast the life insurance profits for generally. And to do that, we are gonna need these assumptions here for the life segment, starting off with a technical margin. And that's being forecast as a percentage of the average net insurance provisions. So that's the insurance provisions for the life business after deducting the reinsurance assets. So we're assuming here the technical margin is just simply a return on those average net provisions. Next, we have the investment margin, and that's being forecast as a percentage of the average investments and that's the investments for the life business. Next, we have the expenses and they're being forecast as a percentage of the technical margin. Now, there's one more thing we're gonna need to calculate the life insurance profits and that's the amortization of the DAC asset. But that's okay 'cause we've calculated that earlier when we were building our DAC schedule. So now we have everything we need to calculate our life insurance profits. Let's go down to our income statement.

So starting off with our technical margin, we need our assumption first, and that's 1.5% of the average net insurance provisions for the life business. So we go up to our balance sheet.

And we deduct from those the reinsurance assets for the life business.

And then we're gonna need to put the prior numbers as well to make it an average.

So that's our technical margin. Now, our investment margin we're gonna need our assumption again. So that's half a percent multiplied by our average investments for the life business.

So, back up to our balance sheet, to our life investments and we're gonna need the prior in number as well to make that an average.

So that's our investment margin. Now, our DAC amortization, we can just grab that from our DAC schedules in our calculations.

And finally, our other expenses. We use our assumptions for that and that's 70% of our technical margin. And you'll see I've put a minor sign in there to make sure it's shown as a negative. So now that's everything we need for our life segment. And you can see that our operating result for that segment is now calculated for us. So now we just need to roll those forward at the end of our forecast period.

And there we are. We've forecasted our life insurance profits for generally.