IFRS 17 Adoption & Financial Impact Overview

IFRS 17 Reinforces Prudence in AIA's Embedded Value IFRS 17 Comprehensive Equity to EV Equity ($b) Net CSM Shareholders' Equity + 2.8 86.4 (4.3) (13.6) 71.2 IFRS 17 Risk Comprehensive Adjustment (1) Equity 31 Dec 2022 Cost of Capital Valuation Differences EV Equity 31 Dec 2022 in EV Notes: Due to rounding, numbers presented in the chart may not add up precisely (1) Risk adjustment is net of reinsurance IFRS 17 New Business CSM to VONB ($b) 6.0 (1.2) + 0.4 (0.3) (1.8) FY22 IFRS 17 New Business CSM (Net of Reinsurance) AIA 3.1 Tax Risk Adjustment (1) Cost of Capital in VONB Valuation Differences FY22 VONB 33 33

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