Investor Presentaiton

High-Quality, Diversified and Resilient Investment Portfolio AIA Structured Securities 1% Loans and Deposits 4% Real Estate 4% Equities (1) 15% Others(2) 4% Total Invested Assets Corporate Bonds 35% $216.0b BBB 45% Government & Government Agency Bonds 37% ALM investment strategy High-quality, defensively positioned portfolio Total impairments of $105m since IPO in 2010 2% in Mainland China real estate, banks and LGFVs bonds and equities 60% of equities and real estate are held within Par funds Notes: As of 31 Dec 2022 (1) (2) (3) Includes equity shares, interests in investment funds and exchangeable loan notes Cash and cash equivalents and derivative financial instruments used for risk management hedging purposes Including not rated bonds BB and below (3) AAA 1% 3% ' AA 7% Corporate Bonds By Credit Rating $75.8b A 44% Investment grade corporate bond portfolio ■ Average rating unchanged at A- ■ >1,900 issuers Average holding size of $40m Prudent assumptions with low default experience 0.48% downgraded to below investment grade in FY22 25

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