Corporate Bond Portfolio and Investment Analysis
Comprehensive Equity of $83.2b; Reinforces AIA's Prudent EV
AIA
Net CSM
Shareholders'
Equity
Reconciliation of
Comprehensive Equity to EV Equity ($b)
+ 2.9
83.2
As at 30 Jun 2023
(4.3)
(11.2)
"
70.6
☐
EV and Free Surplus More Representative
of Shareholder Value
Value of future distributable cash flows to shareholders
Captures all expenses including unallocated Group
Office expenses
Reflective of regulatory and Group capital requirements
Risk premium allowance in the range of 4% to 6% (2)
Free surplus represents shareholders' view of capital
Comprehensive
Equity
Risk
Adjustment (¹)
Cost of
Capital
in EV
Valuation
Differences
EV Equity
Notes:
(1) Risk adjustment is net of reinsurance
(2) For Hong Kong, Mainland China, Thailand, Singapore and Malaysia
28View entire presentation