IFRS 17 Adoption & Financial Impact Overview
Comprehensive Equity of $86.4b; Leverage Ratio of 11.4%
Leverage Ratio
Comprehensive Equity ($b)
As at 31 Dec 2022
38.1
86.4
41.7
Net CSM
Shareholders'
44.7
Equity
IFRS 4
IFRS 17
Leverage Ratio(¹)
22.5%
11.4%
as at 31 Dec 2022
Note:
(1)
Comprehensive equity of $86.4b as at 31 Dec 2022
■
Comprehensive equity defined as shareholders' equity
plus net CSM
Net CSM is after allowing for reinsurance, taxes and
non-controlling interests
Inclusion by rating agencies for leverage ratio calculation
Leverage ratio of 11.4% as at 31 Dec 2022
■ Supports AIA's very strong credit and financial ratings
Further enhances AIA's financial flexibility
Under IFRS 4, leverage ratio defined as total borrowings / (total borrowings + total equity); Under IFRS 17, leverage ratio defined as total borrowings / (total borrowings + total equity + CSM net of reinsurance and taxes)
AIA
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