Operational Capital Generation and Market Analysis

Driven by high New business volume ahead of regulatory changes in July ageas. New Business In RMB bn @100% -34% 9.9 +41% 38.5 27.4 185% 7.8 76% 6.6 82% 97% 96% 120% 4.6 4.1 18% 4.1 3.6 2.9 2.6 2.7 1.6 1.8 2.1 1.8 1.9 2.3 9M 2022 9M 2023 Jan Feb Mar Apr May Jun Jul Aug 2022 2023 -6% 2.9 2.7 Sep 7

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