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research report

2022 mid-year embedded value results: Asia

11 January 2023

This report provides a summary of the mid-year 2022 embedded value (EV) results disclosed by roughly three dozen insurers in 12 countries. The summary serves as a supplement to “2021 Embedded Value Results: Asia,” which was released in September 2022. The main sections of this update include:

  • Embedded value results 
  • Value of new business results 
  • New business margin results 
  • Risk discount rate and investment return assumptions
  • Appendices presenting disclosed EV by company, market, adjusted net worth and value in force

About the Author(s)

Heerak Basu

Richard Holloway

Wing Wong

Wen Yee Lee

Philip Jackson

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