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          "text": "1. Includes our presence in India through our 26% shareholding in Canara HSBC Life Insurance Company Limited\n2. Dividends paid by insurance entities to their immediate parent companies\n3. Hong Kong Insurance Authority Statistics. Market shares and ranking based on ANP, HSBC Life Hong Kong and Hang Seng Insurance combined. Data as of 30 September 2022\n4. Metrics prepared on an IFRS 4 basis\n5. On the basis of the implementation work performed to date. These estimates are based on accounting policies, assumptions, judgements and estimation techniques that remain subject to change. The estimated impact in dollars from the application of IFRS 17 is equal for both reported and adjusted income statement lines for the Group and Insurance\n6. The vast majority of our business qualifies for the ‘Variable Fee Approach’ measurement model\n7. The accounting standard change predominantly impacts how and when we recognise profits from insurance contracts. The lifetime profits of individual insurance contracts may be impacted by the state of the economy, pricing and other factors that drive underlying business decisions in the same way that they would under IFRS 4\n8. The Group will also make use of other comprehensive income option to a limited extent for some contracts\n9. Includes: Term life; Medical; Critical illness; other pure protection products\n10. Includes: non-par whole of life; non-par annuities; non-par endowment\n11. Includes: reinsurance and products that do not quality for VFA eligibility assessment\n12. PVIF of $(9.5)bn net of related deferred tax of $1.7bn constitute the overall estimated reduction in intangible assets, after tax, of $(7.8)bn on transition to IFRS 17\n13. Non-controlling interests is not included within Insurance tangible equity as it is simple aggregation of businesses\n14. Equity + CSM of $14.7bn is IFRS 17 insurance equity, plus CSM of $9.6bn, less related tax of $1.8bn using the country headline tax rates for insurance manufacturing operations\n15. 2022 IFRS 4 PBT excludes market impacts and pricing update\n16. In determining our dividend payout ratio we will exclude material significant items (including the planned disposal of our retail banking operations in France and the planned sale of our banking business in Canada) from reported earnings per share\n17. IFRS 4 reinsurance assets and liabilities under insurance contracts are replaced with IFRS 17 insurance and reinsurance assets and liabilities",
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