Investor Presentaiton

Core messages during the investor presentation (cont'd) Sampo Group No effect on the business mix, balance sheet targets, solvency, capital management and financial targets ► No material change in net profit ►Limited positive effect expected on P&C KPIs, with combined ratio expected to decrease marginally due to the broadening of discounting Storebrand No impact on cash generation, solvency margin and dividend Timing of profit recognition to be affected ►Higher and more volatile earnings expected on normalized basis ► Shareholders' equity to reduce Current reporting standards to continue while IFRS 17 (insurance contracts) supplements them Sun Life No impact on business strategies Increase in underlying ROE expected ►Reduction in SHE by 15%-20% expected largely due to establishing the CSM Mid-single-digit reduction to underlying net income anticipated in 2022 comparative year Positive underlying net-income growth is expected from 2022 to 2023 Talanx ►P/C equity expected to be more stable due to consistent discounting of assets and liabilities L&H business expected to see a significant initial drop in equity due to rise in liabilities and loss recognition results ► More earnings volatility expected due to stricter fair value approach adopted for investments ►Insurance revenues to be lower than gross written premiums ►KPIs like combined ratio to also change Zurich No major impact given the nature of business (75% unaffected or subject to PAA) ► Shareholders' equity impact driven by CSM and discounting of long-term liabilities Limited changes to P&C, and improved disclosures for Life ► Cash and capital generation remain strong 18 Market updates on impact of IFRS 17 and IFRS 9 EY

View entire presentation