Slide 1: Capital Generation – Asia Deep Dive, Thailand and Malaysia
Thursday 31st March 2022 Capital Generation Asia Deep Dive – Thailand and Malaysia I 31 March 2022 I 1
Slide 2: Solvency framework an indicator for sustainability of cash flows
Solvency framework an indicator for sustainability of cash flows Operational Free Capital Generation • Based on local regulatory framework • Captures both the movement of available & required capital factored for 175% target capital • Represents the fungible capital creation over the period • Genera
Slide 3: Operational FCG Solvency II scope includes dividends from non-Solvency II scope companies
Operational FCG Solvency II scope includes dividends from non-Solvency II scope companies 8,542 628 (47) (54) (144) (485) 8,630 485 64 495 126 Available Capital Stable operational capital generation in mature business / volatility driven by one-off 8,057 8,135 and exceptional elements FY 20 Model Ma
Slide 4: Looking at real OFCG of non-Solvency II scope companies
Looking at real OFCG of non-Solvency II scope companies 515 (186) 1,131 Available Capital 62 (22) 9,589 Increasing amount of operational capital 8,090 generated in growing businesses FY 20 Model Market Operational Exceptional Capital Investment Dividend 2021 Q4 & scope in business 384 Required Capit
Slide 5: Full picture of OFCG for the entire group indicating long term sustainability of cash flows
Full picture of OFCG for the entire group indicating long term sustainability of cash flows Solvency II scope Ageas Group 186 443 629 446 (30) (485) 4,198 FY 20 Model Market Ope rationalExceptional Capital Divi dend FY 21 3,775 498 (52) & scop e (800) 900 495 485 Non-Solvency II scope 3,703 3,290 (1
Slide 6: Regulatory capital generation an indicator for capital remuneration
Regulatory capital generation an indicator for capital remuneration Operational Capital Generation • Based on local regulatory framework • Captures only the movement of available capital • Represents the remuneration on regulatory capital over the period • Generated by either normal course of operat
Slide 7: Full picture of OCG for the group showing huge potential of the growth markets
Full picture of OCG for the group showing huge potential of the growth markets Solvency II scope Ageas Group 186 442 628 461 (144) 18,220 (485) (47) 495 1,573 FY 20 Model Market Ope rational Capital Inve stment Divi dend FY 21 & scop e in business 16,631 188 42 485 17,725 Non-Solvency II scope 16,14
Slide 8: Nearly EUR 5 bn operational capital generated over Connect21 period across the group
Nearly EUR 5 bn operational capital generated over Connect21 period across the group 1,780 1,622 1,527 1,573 Available Capital Generation Total of EUR 4,880 mio Required Capital Consumption 568 499 490 387 Total of EUR 1,445 mio Free Capital Generation 817 900 Total of EUR 2,400 mio 763 683 2019 202