2021 Results and Financial Review

Annuities and equity release sales growth and profitability Annuity and equity release sales¹ £7.9bn £7.5bn VNB, SII OFG & operating profit £6.2bn £6.0bn BPA VNB IA & ER £1.6bn £1.7bn FY20 FY21 4.7% 3.6% New business margin £356m £280m FY20 FY21 Strong performance in H2 of £5.4bn and FY21 BPA sales¹ of £6.2bn, up significantly from £4.0bn in 2019 • Annuities supported by £2.1bn illiquid assets originated by Aviva Investors ⚫ VNB and SII OFG (£392m, 2020: £513m) both lower owing to reduced spreads Operating profit £645m (2020: £815m) also lower with contribution from new business of £362m (2020: £462m) reflecting low spread environment Ambition All footnotes on pages 64-66 VNB: UK&I Life 5-7% growth per annum AVIVA 23

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