Investor Presentaiton
Primed
for growth
Strong in-force
capital generation
High returns on
invested capital
Compounding value
Investing for the
long-term - $11bn
since 2012
8.4
Free surplus
31 Dec 2021²
34
Group free surplus development¹
HY22, $bn
0.1
(0.3)
(0.4)
1.4
(0.3)
Group OFSG3³: $0.8bn
(HY21 CER4: $0.7bn)
(1.7)
1.4
8.6
In-force profit New business
Eastspring
Central costs Dividend paid Non-operating,
.5
investment
FX, Other
Impact of
regulatory
changes (HK)
Free surplus
30 Jun 2022
Re-investing
in high quality
new business
$0.3bn reinvested in organic new business
$1.1bn NBP generated
>30% IRRS/4x value multiplier
1. Excluding distribution rights and other intangibles.
2. Proforma for $1.7bn debt redemption in January 2022.
3. Operating free surplus generated (OFSG).
4. Constant exchange rate basis (CER).
5. Free surplus invested in new business primarily represents acquisition costs and amounts set aside for required capital.View entire presentation