Investor Presentaiton

21 1,253 FY11 14.0 FY11 Proven model of delivering growth & value New business profit 1,3,5, $m 2.0x Embedded value2,4,5, $bn 3.3x HK MCH NBP7 2,526 1,214 FY21 FY11 46.1 FY21 IFRS operating profit 2,3,5, $m 3.3x 4,023 FY21 Operating free surplus generation 2,3,5,6, $m 747 FY11 1. Continuing insurance operations. 2. Continuing insurance and asset management operations. 3. Comparatives are adjusted for new and amended accounting standards and exclude PCA Korea Life, Japan and Taiwan agency. 4. 2011-2016 include PCA Korea Life. 5. All comparatives exclude Africa and are on an actual exchange rate basis. 6. Before restructuring and IFRS17 implementation costs. 7. Hong Kong Mainland Chinese visitors' new business profits (2019: $1,246m; 2020: $128m). 2.8x 2,071 FY21

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