AIA's Financial Overview Post IFRS 17 Transition
AIA's Successful Growth Strategy is Unchanged Post IFRS 17
AIA
Continued focus on delivering Growth, Earnings and Cash
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Growth: Significant opportunity for profitable new business growth at attractive returns, active in-force management
Earnings: Sustained growth in OPAT and shareholders' allocated equity driven by EV and VONB growth
Cash: Prudent, sustainable and progressive dividend; returning excess capital to shareholders
All key IFRS metrics improved, volatility reduced post IFRS 17 adoption
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No impact on underlying economics of the business
Key metrics of OPAT and shareholders' allocated equity for 2022 higher than under IFRS 4
High-quality sources of earnings driven by insurance contract services
Net profit and shareholders' equity for 2022 significantly higher and less volatile going forward
VONB, EV and free surplus remain key measures of shareholder value creation
Large-Scale Profitable New Business Driving Growth, Earnings and Cash
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