Conduit Holdings Ltd IFRS 17 Briefing Call Transcript

Jun 30, 2023 / 12:00PM GMT
Elaine Whelan - Conduit Holdings Limited - CFO

Hi, everyone, and thanks for joining us today. I have Alex Bateman, our technical accounting specialist, and Andrew Couper, our Chief Actuary, with me today. We have a slide deck to walk through for 20, 25 minutes or so. And then we'll take any questions.

I'll start with the usual disclaimers, but do want to emphasize that the numbers we have included are indicative, unaudited, and subject to change. We did want to put some meat on the bones to help you understand the implementation impact on us, and we do hope that things won't move too much from here as we're pretty well advanced in processes and audit now.

So onto the contents, this is what we're covering today, some background on our policy decisions, the impacts of those, and then where we go from here. As we and many others have been saying, the implementation of IFRS 17 as an accounting and reporting change, there's no impact on how we view the business, the economics of that, and there's no impact on our strategy.

Our reserving approach is unchanged but IFRS 17 brings

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