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Investor Presentaiton

27 New Business Value and NBV Margin will be the main activity indicators for L&S IFRS17 New Business Value ('NBV') The NBV will be adjusted to include New business CSM¹ (ca. 90% of the total NBV), calculated on a risk-neutral basis, which will provide a significant input into future profitability for long-term products Additionally, as is currently done, the NBV will include expected future profits from: ‣ short-term Life & Health insurance business ▸ pure investment business accounted for under IFRS9 The NBV will also include losses emerging from new onerous contracts IFRS17 New Business Value expected broadly in line with current framework NBV Margin The NBV margin is based on the present value of expected new business premiums instead of APE NBV Margin = IFRS17 New Business Value Present Value of Expected Premiums² A more economic NBV margin IFRS17 Presentation | November 3, 2022 All notes are on pages 38-41 Back to Agenda AYA
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