IFRS 17 Update

All Key IFRS Metrics Improved in 2022 Under IFRS 17 OPAT FY22 Net Profit FY22 IFRS 4 $6.4b $0.3b Shareholders' Allocated Equity As at 31 Dec 2022 $44.8b Shareholders' Equity As at 31 Dec 2022 $38.1b AIA Leverage Ratio (1) As at 31 Dec 2022 22.5% IFRS 17 $6.4b $3.3b $47.2b $44.7b 11.4% Impact 1% $3.0b 5% 17% 11.1 pps Prior Guidance (Mar 2023) Note: (1) within 5% at least $2.0b higher expected to be higher expected to be higher Under IFRS 4, leverage ratio defined as total borrowings / (total borrowings + total equity); Under IFRS 17, leverage ratio defined as total borrowings / (total borrowings + total equity + CSM net of reinsurance and taxes) at least 5 pps lower 5

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