2021 VONB Performance and Strategic Highlights

Maintain Strong, Resilient Balance Sheet Strong, Resilient Balance Sheet AIA Profitable Organic Growth Prudent, Sustainable and Progressive Dividend Disciplined Inorganic Growth Return Excess Capital to Shareholders ■ Value driven approach to growth Shareholders' view of capital Financial Discipline ■ Diversification through products, risks and markets Asset-liability-matching driven investment strategy Free Surplus ■ Absorbs stress scenarios ■ In-force business with strong cash generation ■ Reflective of balance sheet size and risk Supports future organic and inorganic growth Pro forma Group >400% AA LCSM Cover Ratio (1) Financial Strength Rating (2) Holding Company $13.1b 13.6% Leverage Ratio (3) Financial Resources Notes: For 2021 unless otherwise stated (1) (2) Pro forma assuming adoption of HKRBC and release of existing additional resilience margins Moody's (Aa2), Fitch (AA) and S&P (AA-) for AIA Co. (3) Leverage ratio defined as Borrowings / (Borrowings + Total Equity) Free Surplus and Required Capital ($b) Free Surplus Required Capital 25 15 13 15 13 17 13 15 8 10 2017 2018 2019 2020 2021 Pro forma (1) As % of IFRS Total 12% 13% 12% 11% 15% Liabilities 30 50

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