Investor Presentaiton
Impact of regulatory change on GWS position 31 December 20211
15.2
Impact of regulatory change on GWS position, GMCR basis, $bn1,2,3
Reconciliation of Group shareholder GWS position for impact of regulatory change, 31 December 2021
Capital resources
10.3
25.5
Required capital
1.0
Cover ratio:
408%
11.5
+137%p
545%
9.3
20.8
3.7
Group capital
2,3
resources
Impact regulatory
change
Group capital
resources post
regulatory change
GMCR
Impact regulatory
change
4.7
GMCR post
regulatory change
2,3
Surplus over GMCR Impact regulatory
change
Impact of applying GPCR basis, $bn1,2,3
Surplus over GMCR
post regulatory
change
31 December 2021
Capital resources
Required capital
Cover ratio:
545%
-225%p
320%
25.5
4.7
3.3
8.0
20.8
3.3
17.5
Group capital resources
GMCR
Adjust to GPCR basis
Post regulatory change 2,3 Post regulatory change
GPCR
Post regulatory change
1. Prudential applies the Insurance (Group Capital) Rules set out in the GWS Framework to determine group regulatory capital requirements (both minimum and prescribed levels).
2. After allowing for the impact of the $1.7 billion debt redemption in January 2022
Surplus over GMCR
Post regulatory change 2,3
Adjust to GPCR basis
Surplus over GPCR
Post regulatory change
75
3. Before allowing for the second 2021 interim dividend.View entire presentation