2021 VONB Performance and Strategic Highlights
Free Surplus Increased to $17.0b
Free Surplus Movement ($b)
(2.4)
11.0
13.5
ויו
Free Surplus
Acquisition (1) Free Surplus
End of 2020
after
Acquisition
+$4.2b
+ 6.5
(1.7)
(0.3)
(0.3)
15.2
Underlying
Free Surplus
Generation
AIA
+ 4.0
19.2
(2.1)
17.0
New Business
Investment
Unallocated
Group Office
Expenses
Finance Costs Free Surplus
and Others
before
Investment
Return
Variances
and Dividend
and Other
Non-operating
Items
Investment
Return
Variances
Free Surplus
before
Dividend
Dividend
Paid
Free Surplus
End of 2021 (2)
Notes: Due to rounding, numbers presented in the chart may not add up precisely
(1)
Including acquisition of AIA Everest, the BEA upfront payment and the investment in China Post Life
(2) Before adoption of HKRBC and release of existing additional resilience margins
26
26View entire presentation