Babylon Holdings Limited Registration statement for securities issued by foreign private issuers in certain business combination transactions

Claims Payable

Claims Payable

3 Months Ended

12 Months Ended

Mar. 31, 2022

Dec. 31, 2021

Claims Payable

Claims Payable

9.Claims Payable

The following table is a summary of claims activity for the period presented:


		$’000
Balance at January 1, 2022		24,628
Claims expense		247,552
Claims paid		(233,015)
Adjustment, net		—
Balance at March 31, 2022		39,165

The increase in claims expense during the three months ended March 31, 2022 is primarily attributable to the expansion of our value-based care offerings in the United States.

23.Claims Payable

The following table is a summary of claims activity for the periods presented:


		$’000
Balance at January 1, 2020		—
Claims expense		24,146
Claims paid		(21,137)
Adjustment, net		881
Balance at December 31, 2020		3,890
Balance at January 1, 2021		3,890
Claims expense		216,791
Claims paid		(196,053)
Adjustment, net		—
Balance at December 31, 2021		24,628