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ANNUAL REPORT

2022 embedded value results: Asia

23 August 2023

This report examines the embedded value (EV) results published by multinational corporations and domestic life insurers for countries in Asia for 2022. EV results were mixed across markets. There was significant variance in performance even within companies falling in similar categories. Given the general increase in bond yields throughout the region, we have seen a general reduction in the adjusted net worth of insurers due to the fall in market values of bonds.

The report includes the following:

  • Executive summary
  • Introduction and background
  • Overview of embedded value
  • Embedded value results
  • Methodology, assumptions, and disclosures
  • Other measures of value
  • Eight appendices

About the Author(s)

Heerak Basu

Richard Holloway

Farzana Ismail

Wing Wong

Wen Yee Lee

Philip Jackson

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