Healthier, Longer, Better Lives

Corporate Bond Portfolio Corporate Bonds by Rating AIA Rating Total ($m) Total $106.8b 2020 2019 AAA 964 Average Rating A- A- AA 5,812 A 46,292 ■ AAA 1% 1% ■ AA 5% 5% BBB 50,839 ΠΑ 43% 45% BB and below (1) ■ BBB 48% 46% 2,922 ■ BB and below (1) 3% 3% Total 106,829 Notes: As of 31 Dec 2020 unless otherwise stated (1) Including not rated bonds 62 62

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