IFRS 17 Impact and OPAT Analysis
IFRS 17 OPAT Stable vs IFRS 4
FY 2022 OPAT ($b)
Group
FY 2022 OPAT ($b)
Mainland China
Hong Kong
Thailand
2.2
2.2
1.0
1.6
1.4
(1)%
+9%
0.8
+25%
6.4
6.4
+1%
IFRS 4
IFRS 17
IFRS 4
Singapore
IFRS 17
Faster emergence for profit of
non-par business under IFRS 17
Malaysia
AIA
IFRS 4
IFRS 17
ā
Lower opening shareholders'
allocated equity translates to
higher future earnings
Other Markets
0.7
0.7
0.4
0.8
0.4
0.7
(12)%
(8)%
(12)%
IFRS 4
IFRS 17
IFRS 4
Note: Group OPAT includes Group Corporate Centre
IFRS 17
IFRS 4
IFRS 17
IFRS 4
IFRS 17
More gradual emergence of
earnings for unit-linked business
under IFRS 17
More gradual emergence of
earnings for unit-linked business
under IFRS 17
Mismatch in accounting treatment and
contract boundary in Australia
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