Capital strength Economic capital Rbn Net asset value as per embedded value statement 17.1 Qualifying debt 1.5 Less: net asset value of strategic subsidiaries (1.6) Less: required capital (10.0) Capital before deployment 7.0 Deployed (3.5) Interim dividend (0.9) Acquisition of Guardrisk (1.6) Other strategic initiatives (1.0) Capital buffer 3.5