Investor Presentaiton

1 6 + IFRS 17 AND IFRS 9 UPDATE ¡A'S SOUND APPROACH TOWARDS TRANSITION Managing business with a long- term vision to protect strength and quality of our balance sheet under IFRS 4: Keeping additional protections in reserving process ■ Provisioning prudently for financial guarantees Positioning assumptions to limit gains on new business FAVOURABLE RELATIVE POSITIONING FINANCIAL STRENGTH Book value CSM level IMPACTS1+ Near-neutral at transition² Favourable at June 30, 2022 >$5B at transition² Solvency ratio Capital available for deployment Core ROE >20 percentage point increase at transition² Very favourable - Additional capital to support growth and ROE expansion Favourable on 2022 result PROFITABILITY Core EPS level Favourable on 2022 result Core EPS growth Near-neutral on 2022+ results 10%+ annual growth on average Organic capital generation Favourable on 2022+ results iAm Financial Group Expected estimated combined impact of IFRS 9 and IFRS 17, according to macroeconomic environment and other information available as at June 30, 2022. 2 IFRS 9 and IFRS 17 transition on January 1, 2022. These items are non-IFRS measures; see the "Non-IFRS and Additional Financial Measures" section at the end of this document for relevant information about such measures.

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