Maintaining a Strong, Resilient Balance Sheet
Free Surplus vs Group LCSM Surplus
Reconciliation of Free Surplus to Group LCSM Surplus ($b)
17.0
23.4
+ 6.4
Free Surplus on
Consolidated Basis
End of 2021 (1)
Adjustment to Reflect
Consolidated
Reserving and
Capital Requirements
Free Surplus
on Business
Unit Basis
End of 2021
+ 9.9
+ 7.7
+ 9.6
50.7
Reflecting
Shareholders'
View of Capital (2)
Different Capital
Requirements Under
EV for AIA China (3)
Eligible
Debt Capital
Group
LCSM Surplus
End of 2021
Notes: Due to rounding, numbers presented in the chart may not add up precisely
Before adoption of HKRBC and release of existing additional resilience margins
Reflects change from EV required capital to Group minimum capital requirement and the inclusion of participating fund surplus
Adjustment from CAA EV basis to C-ROSS solvency basis in line with local requirements
€23
(1)
(2)
(3)
57
54
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