Annual cohorts

Learning objectives

• Explain that a group may not include contracts issued more than one year apart.L1
• Allocate contracts issued on given dates to annual cohorts.L2

Normative references

• IFRS 17 §22An entity does not include in the same group contracts issued more than one year apart; to achieve this, it further divides the groups described in paras. 16 to 21 if necessary.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

5 questions

• Under IFRS 17, a single group of contracts does not include contracts issued more than one year apart, and the entity subdivides its groups where necessary to achieve this.L1
• Mérédis SA issued five contracts of the same profitability group as follows: on 10 January 2024, on 15 June 2024, on 3 September 2024, on 20 March 2025 and on 12 November 2025. Which of these pairs of contracts cannot be included in the same group?L2
• An analyst combines in a single group all onerous contracts issued between 2023 and 2026, "to simplify administration". What is the error in this grouping?L2
• Euronia SA, an insurer established in the European Union, applies to a portfolio of contracts pooled across generations the exemption provided by Regulation (EU) 2021/2036. How is this exemption correctly characterised in relation to the annual cohort requirement?L3
• What is to be remembered about the June 2020 amendments to IFRS 17?L3