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Investor Presentaiton

Reserve strengthening, actions to mitigate future impacts Prior period reserve movements ($m) 36 19 19 -20 -1 -34 -17 -85 -89 -134 IIA prior period strengthening 2H22 strengthening driven by commercial liability due to: Late reported medium to large claims, notably worker injury claims in 2017 and 2018 accident years High levels of claims inflation Strengthening of silicosis exposures Addressing the issue Recent observed experience and trends in 2017 and 2018 accident years has been extrapolated into more recent accident years Pricing and underwriting adjustments to mitigate future impacts Strengthened reserving does not assume any benefit from pricing and underwriting adjustments in recent years 2H20 1H21 2H21 1H22 2H22 Other divisions ΠΙΑ 15 FY22 Results | 12 August 2022 iag
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