AIA's Financial Overview Post IFRS 17 Transition
Shareholders' Equity Higher and Less Volatile
Shareholders' Equity
AIA
Reconciliation of IFRS Shareholders' Equity
from IFRS 4 to IFRS 17 ($b)
+6.6
+ 4.2
(0.7)
44.7
+ 3.0
38.1
IFRS 4
(6.7)
IFRS 17
(2.5)
Change
+4.2
FY22
Net Profit
OCI(1)
Shareholders'
Equity
Transitional
Impact (1)
and Others
FY22
Shareholders'
Equity
IFRS 17
IFRS 4
Notes: Due to rounding, numbers presented in the chart may not add up precisely
Excluding unit-linked with significant protection
(1)
(2) OCI represents fair value reserve and insurance finance reserve; transitional impact excludes impacts from OCI for presentation
Other Comprehensive Income (OCI) is smaller and
less volatile going forward
Continues to include mark-to-market on fixed income assets
through the fair value reserve
Under IFRS 17
Relates only to non-par business (1) and surplus assets
Par business captured within insurance contract liabilities
Partially offset by the effect of discount rate changes on
insurance contract liabilities that are now included in
insurance finance reserve within OCI(2)
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