2021 VONB Performance and Strategic Highlights

Reinvest Capital in Profitable Organic Growth Note: (1) Strong, Resilient Balance Sheet 667 Profitable Organic Growth Prudent, Sustainable and Progressive Dividend VONB ($m) 3,366 5x Disciplined Inorganic Growth AIA Return Excess Capital to Shareholders New Business Investment as % of VONB 144% (93) pps 51% 2010 2021 2021 VONB by Product Mix (1) 2010 2021 Underlying Free Surplus Generation ($m) Others 10% Unit-linked 14% 3x 2,113 57% Traditional Protection 19% Participating Product mix for 2021 reflects minor changes to product categorisation compared to 2020 6,451 2010 2021 31

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