Investor Presentaiton

AIA China: Prudent Investment Portfolio Note: As of 31 Dec 2022 AIA China Invested Asset Mix Cash & Cash Equivalents 2% Equities 14% Fixed Income 84% AIA ☐ ☐ Prudent ALM Approach Asset allocation driven by liability cash flow matching in local currency ~80% of earnings from insurance and fee-based 84% of invested assets in fixed income 92% of bond portfolio in government and government agency bonds Bond portfolio average international rating A- Asset portfolio well diversified with insignificant alternative assets 74

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