IFRS 17 Update

Shareholders' Allocated Equity Stable at Transition Shareholders' Allocated Equity as of 1 Jan 2022 ($b) Shareholders' Allocated Equity as of 1 Jan 2022 ($b) Group Hong Kong 14.9 15.0 +1% Mainland China 4.7 4.8 +2% 52.1 (2)% 51.3 IFRS 4 IFRS 17 IFRS 4 IFRS 17 Singapore Malaysia Thailand 6.6 (14)% IFRS 4 5.7 57 IFRS 17 AIA Capitalisation of negative spreads on old deposit account business Lower discount rates than IFRS 4 Other Markets 4.2 4.1 2.1 8.8 2.1 (2)% 8.2 (2)% (7)% IFRS 4 IFRS 17 IFRS 4 IFRS 17 IFRS 4 IFRS 17 IFRS 4 Note: Group shareholders' allocated equity includes Group Corporate Centre IFRS 17 Mismatch in accounting treatment and contract boundary in Australia and New Zealand 28

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