IFRS 17 Update

CSM Release is the Core Driver of $6.4b OPAT OPAT FY22 OPAT Composition ($b) 2 $3.3b Net Investment Result 1 $5.5b Insurance Service Result + 0.3 5.1 + 0.1 + 3.3 CSM Release Operating Variances(1) Risk Adjustment Release & Other Net Investment Result(2) Notes: Due to rounding, numbers presented in the chart may not add up precisely ea (1) (2) (3) Includes claims, expenses and others but excludes persistency Net of investment management expenses of $0.3b Net of non-insurance expenses of $0.3b 8.8 + 0.0 (1.0) (0.4) (1.1) 6.4 3 $(1.0)b Other Revenue and Expenses OPAT Before Other Revenue and Expenses, Finance Costs and Tax Net Other Fees and Revenue³) Non-attributable Expenses Under IFRS 17 Finance Costs Tax OPAT AIA 7

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