Investor Presentaiton
Free Surplus vs Group LCSM Surplus
Reconciliation of Free Surplus to Group LCSM Surplus ($b)
+ 5.5
23.4
17.9
+ 7.4
+ 5.6
+ 9.4
45.7
Free Surplus on
Consolidated Basis
End of 2022
Adjustment to Reflect
Consolidated
Reserving and
Capital Requirements
Free Surplus
on Business
Unit Basis
End of 2022
Reflecting
Shareholders'
View of Capital(1)
Different Capital
Requirements Under
EV for AIA China(2)
Eligible Other
Than Tier 1
Debt Capital
Group
LCSM Surplus
End of 2022
Notes: Due to rounding, numbers presented in the chart may not add up precisely
(1)
(2)
Reflects change from EV required capital to group prescribed capital requirement (GPCR) and the inclusion of participating fund surplus
Adjustment from China Association of Actuaries (CAA) EV basis to C-ROSS solvency basis in line with local requirements
AIA
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