Operational Capital Generation and Market Analysis

A CSM New business highly positive despite low interest rates A CSM value of EUR 6.1 bn @ageas'share CSM Roll-forward In RMB bn@100% 9.1 4.1 192.1 194.7 -7.7 -2.9 YE 2022 Time value New business Release Mvt on portfolio 6M 2023 ageas. 14

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