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Healthier, Longer, Better Lives

AIA China - Prudent Investment Portfolio Note: As of 31 Dec 2020 AIA China Invested Asset Mix Cash & Cash Equivalents 1% Equities 13% Fixed Income 86% Prudent ALM Approach Asset allocation driven by liability cash flow matching in local currency ■ ~80% of earnings from insurance and fees ■ 86% of invested assets in fixed income 92% of bond portfolio in government and government agency bonds Bond portfolio average international rating A AIA Asset portfolio well diversified with insignificant alternative assets 64
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