Corporate Bond Portfolio and Investment Analysis
Very Strong and Resilient Solvency Position
Group LCSM Coverage Ratio Movement
+15 pps
(9) pps
(6) pps
(1) pps
282%
(7) pps
283%
(15) pps
260%
Group LCSM
Coverage Ratio
End of 2022
Expected
Solvency
Generation
AIA
Resilient to Market Volatility
Sensitivities to Changes
in Interest Rates and Equity Prices
Impact on
Group LCSM
Coverage Ratio
Temporary effects
Regulatory changes
(6) pps
(8) pps
10% increase in equity prices
+3 pps
Others
(1) pps
10% decrease in equity prices
(4) pps
50 bps increase in interest rates
(8) pps
New Business
Dividend
Investment
Finance
Costs
Group LCSM
Coverage Ratio
Before
Share
Buy-back
Other Group LCSM
Non-operating Coverage Ratio
Items
End of 1H23
50 bps decrease in interest rates
+9 pps
Share Buy-back
and Other
Non-operating
Items
30
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