Investor Presentaiton
35
Quality &
resilience
Cover ratio:
GWS shareholder capital position
31 December 2021 - 30 June 2022, $bn¹
545%
548%
320%
317%
Strong & resilient
GWS capital
position
Macro sensitivities
remain low post
regulatory changes
Risk appetite:
above 150% on
shareholder
GPCR basis
25.5
25.5
23.7
23.7
Surplus:
20.8
19.4
17.5
16.2
4.7
2021 GMCR2,3
■Capital resources ■Required capital
8.0
7.5
4.3
HY22 GMCR5
2021 GPCR 2,3
HY22 GPCR5
Post regulatory update4
GWS capital position highly resilient to macro shocks
30 June 2022, GWS shareholder cover ratio, GPCR basis 1,5,6
Base position
Equity +10%
Equity -20%
Rates -50bps
Rates +100bps
Credit spreads +100bps
317%
312%
-5%p
307% -10%p
320% 3%p
291%
-26%p
307%
-10%p
1. Prudential applies the Insurance (Group Capital) Rules set out in the GWS Framework to determine group regulatory capital requirements (both minimum and prescribed levels).
2. Proforma for $1.7bn debt redemption in January 2022.
3. Before allowing for the second 2021 interim dividend.
4. Updated for the Impact of Hong Kong RBC and C-ROSS II.
5. Before allowing for the first 2022 interim dividend.
6. The Group's retained economic interest in Jackson Financial Inc is assumed to be unchanged in the sensitivities. The sensitivity results assume instantaneous market movements and reflect all consequential
impacts as at the valuation date.View entire presentation