Investor Presentaiton
Comprehensive Equity Over $100b; Leverage Ratio Reduced
IFRS 9 and 17 Update
AIA
Leverage Ratio (¹)
as at 1 Jan 2022
Note:
(1)
Comprehensive Equity ($b)
As at 1 Jan 2022
101
60
60
1.7x
Current IFRS
IFRS 9 and 17
13.6%
8.6%
Net CSM
Shareholders'
Equity
Comprehensive equity >$100b as at transition
Comprehensive equity defined as shareholders' equity
plus net CSM
Net CSM is after allowing for reinsurance and taxes
Leverage ratio reduces by 5 pps
Inclusion of net CSM in financial leverage ratio calculation
Leverage ratio(1) reduces to 8.6% as at 1 Jan 2022
Expected to be at least 5 pps lower than IFRS 4 basis
as at end of 2022
Under IFRS 4, leverage ratio defined as total borrowings (total borrowings + total equity); Under IFRS 17, leverage ratio defined as total borrowings / (total borrowings + total equity + CSM net of reinsurance and taxes)
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