IFRS 17 Update

High-Quality Sources of Earnings 5.5 FY22 Operating Profit Before Tax Composition ($b) Non-Attributable Expenses Under IFRS 17 + 3.3 + 0.0 (0.6) (0.3) (0.4) 7.5 $(1.0)b Other Revenue and Expenses 3. Other Revenue and Expenses AIA Sources of Earnings Return on 15% Net Worth (3) 11% Spread 16% Par 58% 74% Non- Insurance par Contract & Services Fee- based Insurance Service Result Net Investment Result(1) Net Other Fees Busines Unit and Revenue (2) Overheads and Others Unallocated Group Office Expenses Finance Costs Operating Profit Before Tax Operating Profit Before Tax Notes: Due to rounding, numbers presented in the chart may not add up precisely (1) Net of investment management expenses of $0.3b (2) Net of non-insurance expenses of $0.3b (3) Net of finance costs, non-attributable expenses under IFRS 17 and non-insurance expenses excluding the investment contract related expenses 11

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