Ninety-six lakes covering over one square kilometre each along the Yangtze River Valley disappeared in the past 30 years, according to a report jointly issued by the World Wide Fund for Nature (WWF), NIGL
and China Development Bank.
Policyholder benefits and claims and policyholder dividends excludes: (i) changes in the policyholder dividend obligation related to NIGL
and NDGL, (ii) inflation-indexed benefit adjustments associated with contracts backed by inflation-indexed investments and amounts associated with periodic crediting rate adjustments based on the total return of a contractually referenced pool of assets, (iii) benefits and hedging costs related to GMIBs (GMIB costs), and (iv) market value adjustments associated with surrenders or terminations of contracts (Market value adjustments);
Amortization of DAC and value of business acquired ("VOBA") excludes amounts related to: (i) NIGL
and NDGL, (ii) GMIB fees and GMIB costs and (iii) Market value adjustments;