Corporate Bond Portfolio and Investment Analysis

1H 2023 Net Profit of $2.3b $m OPAT Reconciliation of OPAT to Net Profit 1H23 1H22 YoY CER 3,272 3,352 +0.2% Short-term investment and discount rate variances, net of tax (715) (867) n/m Reclassification of revaluation gains for property held for own use, net of tax (66) (33) n/m Other non-operating items, net of tax Net Profit (241) (909) n/m 2,250 1,543 +50% AIA 48

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