AIA Financial Overview and ESG Commitment

High-Quality New Business Delivering Attractive Returns VONB ($m) 1,556 1,465 +6% VONB Margin Movement 59.6% (1.0) pps +0.7 pps 58.8% (0.4) pps (0.1) pps 2H21 Product Mix 2H22 2H21 VONB Margin Product Mix Geographical Mix Channel Others Including Mix Assumption Changes 2H22 VONB Margin PVNBP Margin by Product Others 16% 14% 13% 10% 9% Unit-linked 15% VONB 2H22 48% Traditional Protection 21% Participating Overall Traditional Protection 2H21 2H22 9% 9% 9% 9% 8% 7% Participating AIA Unit-linked Others 17 Note: VONB comparative is shown on a constant exchange rate basis; Product mix are based on local statutory reserving and capital requirements, before the deduction of unallocated Group Office expenses and non-controlling interests

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