May 2024

Fulfillment Ratios for Participating Life Insurance Products

To provide you an overview of Hong Kong Life's dividend declaration history, the following tables show the fulfillment ratios for each participating life insurance product which (a) it has new policies issued since 2010, and (b) it still has policies inforce in the reporting year 2023. For the avoidance of doubt, the policies issued before 2010 are excluded in the calculation and disclosure of the fulfillment ratios for the participating life insurance products. These results are intended for reference purpose only and should not be taken as indicator of future dividend declaration of the participating life insurance products. The actual fulfillment ratios in future may be lower or higher than the historical fulfillment ratios as illustrated.

Fulfillment ratio for annual dividends, special dividend and non-guaranteed monthly incomes

The fulfillment ratio for annual dividends, special dividend and non-guaranteed monthly incomes is calculated as the ratio of aggregate actual accumulated non-guaranteed annual dividends, non-guaranteed special dividend (if applicable) and non-guaranteed monthly incomes (including actual accumulation interests but excluding terminal dividends, if applicable) against the aggregate illustrated amounts for non-guaranteed annual dividends, non-guaranteed special dividend and non-guaranteed monthly incomes provided to customers at the point of sale for all relevant inforce policies.

Fulfillment ratio for Terminal Dividend

The fulfillment ratio for terminal dividend is calculated as the ratio of aggregate payout of non-guaranteed terminal dividend against the aggregate illustrated amounts for non-guaranteed terminal dividend provided to customers at the point of sale for all relevant policies terminated in the reporting year.