Table A3. Open in new tab Comparison of...

Case 1-Base Case (2010 life table and r $=$ 1.65%)
0	65	65	4.701823	4.854463	4.840292
5	65	70	3.881086	4.346807	4.459998
10	65	75	2.915144	3.540352	4.109583
15	65	80	1.872647	2.46508	3.786699
20	65	85	0.945879	1.348554	3.489184
25	65	90	0.32333	0.498773	3.215044
30	65	95	0.048080	0.079705	2.962443

Case 1-Base Case (2010 life table and r $=$ 1.65%)

x + m

_{m |} {\ddot{a}}_{x : 5}

_{m |} {\ddot{a}}_{x : 5}^{[M]}

_{m |} {\ddot{a}}_{x : 5}^{[ESG]}

4.701823

4.854463

4.840292

3.881086

4.346807

4.459998

2.915144

3.540352

4.109583

1.872647

2.46508

3.786699

0.945879

1.348554

3.489184

0.32333

0.498773

3.215044

0.048080

0.079705

2.962443

Case 1-Base Case (2010 life table and r $=$ 1.65%)
0	65	65	4.701823	4.854463	4.840292
5	65	70	3.881086	4.346807	4.459998
10	65	75	2.915144	3.540352	4.109583
15	65	80	1.872647	2.46508	3.786699
20	65	85	0.945879	1.348554	3.489184
25	65	90	0.32333	0.498773	3.215044
30	65	95	0.048080	0.079705	2.962443

Case 2 (2022 period life table and r $=$ 1.65%)
0	65	65	4.543708	4.688359	4.840292	3.36	3.42
5	65	70	3.350967	3.749705	4.459998	13.66	13.74
10	65	75	2.137796	2.593009	4.109583	26.67	26.76
15	65	80	1.078961	1.417566	3.786699	42.38	42.49
20	65	85	0.377369	0.536509	3.489184	60.10	60.22
25	65	90	0.076116	0.116972	3.215044	76.46	76.55
30	65	95	0.006989	0.011601	2.962443	85.46	85.45

Case 2 (2022 period life table and r $=$ 1.65%)

x + m

_{m |} {\ddot{a}}_{x : 5}

_{m |} {\ddot{a}}_{x : 5}^{[M]}

_{m |} {\ddot{a}}_{x : 5}^{[ESG]}

PC

(%)

{PC}^{[M]}

(%)

{PC}^{[ESG]}

(%)

4.543708

4.688359

4.840292

3.36

3.42

0.00

3.350967

3.749705

4.459998

13.66

13.74

0.00

2.137796

2.593009

4.109583

26.67

26.76

0.00

1.078961

1.417566

3.786699

42.38

42.49

0.00

0.377369

0.536509

3.489184

60.10

60.22

0.00

0.076116

0.116972

3.215044

76.46

76.55

0.00

0.006989

0.011601

2.962443

85.46

85.45

0.00

Case 2 (2022 period life table and r $=$ 1.65%)
0	65	65	4.543708	4.688359	4.840292	3.36	3.42
5	65	70	3.350967	3.749705	4.459998	13.66	13.74
10	65	75	2.137796	2.593009	4.109583	26.67	26.76
15	65	80	1.078961	1.417566	3.786699	42.38	42.49
20	65	85	0.377369	0.536509	3.489184	60.10	60.22
25	65	90	0.076116	0.116972	3.215044	76.46	76.55
30	65	95	0.006989	0.011601	2.962443	85.46	85.45

Case 3 (2022 cohort life table and r $=$ 1.65%)
0	65	65	4.607090	4.754933	4.840292	2.01	2.05
5	65	70	3.559319	3.984334	4.459998	8.29	8.34
10	65	75	2.433490	2.953291	4.109583	16.52	16.58
15	65	80	1.357645	1.785093	3.786699	27.50	27.58
20	65	85	0.545551	0.776405	3.489184	42.32	42.43
25	65	90	0.131947	0.203009	3.215044	59.19	59.30
30	65	95	0.015130	0.025141	2.962443	68.53	68.46

Case 3 (2022 cohort life table and r $=$ 1.65%)

x + m

_{m |} {\ddot{a}}_{x : 5}

_{m |} {\ddot{a}}_{x : 5}^{[M]}

_{m |} {\ddot{a}}_{x : 5}^{[ESG]}

PC

(%)

{PC}^{[M]}

(%)

{PC}^{[ESG]}

(%)

4.607090

4.754933

4.840292

2.01

2.05

0.00

3.559319

3.984334

4.459998

8.29

8.34

0.00

2.433490

2.953291

4.109583

16.52

16.58

0.00

1.357645

1.785093

3.786699

27.50

27.58

0.00

0.545551

0.776405

3.489184

42.32

42.43

0.00

0.131947

0.203009

3.215044

59.19

59.30

0.00

0.015130

0.025141

2.962443

68.53

68.46

0.00

Case 3 (2022 cohort life table and r $=$ 1.65%)
0	65	65	4.607090	4.754933	4.840292	2.01	2.05
5	65	70	3.559319	3.984334	4.459998	8.29	8.34
10	65	75	2.433490	2.953291	4.109583	16.52	16.58
15	65	80	1.357645	1.785093	3.786699	27.50	27.58
20	65	85	0.545551	0.776405	3.489184	42.32	42.43
25	65	90	0.131947	0.203009	3.215044	59.19	59.30
30	65	95	0.015130	0.025141	2.962443	68.53	68.46

Case 4 (2010 life table and ESG)
0	65	65	4.838614	4.854463	4.983708	–2.91	–2.96
5	65	70	4.633318	4.346807	5.339967	–19.38	–19.73
10	65	75	4.093065	3.540352	5.770205	–40.41	–40.41
15	65	80	2.483567	2.46508	5.041195	–32.62	–33.13
20	65	85	1.705622	1.348554	6.516261	–80.32	–86.76
25	65	90	0.702430	0.498773	6.852211	–117.25	–113.13
30	65	95	0.080571	0.079705	4.718337	–67.58	–59.27

Case 4 (2010 life table and ESG)

x + m

_{m |} {\ddot{a}}_{x : 5}

_{m |} {\ddot{a}}_{x : 5}^{[M]}

_{m |} {\ddot{a}}_{x : 5}^{[ESG]}

PC

(%)

{PC}^{[M]}

(%)

{PC}^{[ESG]}

(%)

4.838614

4.854463

4.983708

–2.91

0.00

–2.96

4.633318

4.346807

5.339967

–19.38

0.00

–19.73

4.093065

3.540352

5.770205

–40.41

0.00

–40.41

2.483567

2.46508

5.041195

–32.62

0.00

–33.13

1.705622

1.348554

6.516261

–80.32

0.00

–86.76

0.702430

0.498773

6.852211

–117.25

0.00

–113.13

0.080571

0.079705

4.718337

–67.58

0.00

–59.27

Case 4 (2010 life table and ESG)
0	65	65	4.838614	4.854463	4.983708	–2.91	–2.96
5	65	70	4.633318	4.346807	5.339967	–19.38	–19.73
10	65	75	4.093065	3.540352	5.770205	–40.41	–40.41
15	65	80	2.483567	2.46508	5.041195	–32.62	–33.13
20	65	85	1.705622	1.348554	6.516261	–80.32	–86.76
25	65	90	0.702430	0.498773	6.852211	–117.25	–113.13
30	65	95	0.080571	0.079705	4.718337	–67.58	–59.27

Case 5 (2022 period life table and ESG)
0	65	65	4.672976	4.688359	4.983708	0.61	3.42	–2.96
5	65	70	3.989580	3.749705	5.339967	–2.80	13.74	–19.73
10	65	75	3.001245	2.593009	5.770205	–2.95	26.76	–40.41
15	65	80	1.427709	1.417566	5.041195	23.76	42.49	–33.13
20	65	85	0.667570	0.536509	6.516261	29.42	60.22	–86.76
25	65	90	0.167000	0.116972	6.852211	48.35	76.55	–113.13
30	65	95	0.011689	0.011601	4.718337	75.69	85.45	–59.27

Case 5 (2022 period life table and ESG)

x + m

_{m |} {\ddot{a}}_{x : 5}

_{m |} {\ddot{a}}_{x : 5}^{[M]}

_{m |} {\ddot{a}}_{x : 5}^{[ESG]}

PC

(%)

{PC}^{[M]}

(%)

{PC}^{[ESG]}

(%)

4.672976

4.688359

4.983708

0.61

3.42

–2.96

3.989580

3.749705

5.339967

–2.80

13.74

–19.73

3.001245

2.593009

5.770205

–2.95

26.76

–40.41

1.427709

1.417566

5.041195

23.76

42.49

–33.13

0.667570

0.536509

6.516261

29.42

60.22

–86.76

0.167000

0.116972

6.852211

48.35

76.55

–113.13

0.011689

0.011601

4.718337

75.69

85.45

–59.27

Case 5 (2022 period life table and ESG)
0	65	65	4.672976	4.688359	4.983708	0.61	3.42	–2.96
5	65	70	3.989580	3.749705	5.339967	–2.80	13.74	–19.73
10	65	75	3.001245	2.593009	5.770205	–2.95	26.76	–40.41
15	65	80	1.427709	1.417566	5.041195	23.76	42.49	–33.13
20	65	85	0.667570	0.536509	6.516261	29.42	60.22	–86.76
25	65	90	0.167000	0.116972	6.852211	48.35	76.55	–113.13
30	65	95	0.011689	0.011601	4.718337	75.69	85.45	–59.27

Case 6 (2022 cohort life table and ESG)
0	65	65	4.739363	4.754933	4.983708	–0.80	2.05	–2.96
5	65	70	4.242428	3.984334	5.339967	–9.31	8.34	–19.73
10	65	75	3.416584	2.953291	5.770205	–17.20	16.58	–40.41
15	65	80	1.798098	1.785093	5.041195	3.98	27.58	–33.13
20	65	85	0.971792	0.776405	6.516261	–2.74	42.43	–86.76
25	65	90	0.288600	0.203009	6.852211	10.74	59.30	–113.13
30	65	95	0.025212	0.025141	4.718337	47.56	68.46	–59.27

Case 6 (2022 cohort life table and ESG)

x + m

_{m |} {\ddot{a}}_{x : 5}

_{m |} {\ddot{a}}_{x : 5}^{[M]}

_{m |} {\ddot{a}}_{x : 5}^{[ESG]}

PC

(%)

{PC}^{[M]}

(%)

{PC}^{[ESG]}

(%)

4.739363

4.754933

4.983708

–0.80

2.05

–2.96

4.242428

3.984334

5.339967

–9.31

8.34

–19.73

3.416584

2.953291

5.770205

–17.20

16.58

–40.41

1.798098

1.785093

5.041195

3.98

27.58

–33.13

0.971792

0.776405

6.516261

–2.74

42.43

–86.76

0.288600

0.203009

6.852211

10.74

59.30

–113.13

0.025212

0.025141

4.718337

47.56

68.46

–59.27

Case 6 (2022 cohort life table and ESG)
0	65	65	4.739363	4.754933	4.983708	–0.80	2.05	–2.96
5	65	70	4.242428	3.984334	5.339967	–9.31	8.34	–19.73
10	65	75	3.416584	2.953291	5.770205	–17.20	16.58	–40.41
15	65	80	1.798098	1.785093	5.041195	3.98	27.58	–33.13
20	65	85	0.971792	0.776405	6.516261	–2.74	42.43	–86.76
25	65	90	0.288600	0.203009	6.852211	10.74	59.30	–113.13
30	65	95	0.025212	0.025141	4.718337	47.56	68.46	–59.27

Table A3.

Open in new tab

Comparison of the impacts of mortality and ESG components of the annuity values—Scenario 2 (⁠ ${\ddot{a}}_{65}$ ⁠)—Female

Case 1-Base Case (2010 life table and r $=$ 1.65%)
m	x	x + m	$_{m \|} {\ddot{a}}_{x : 5}$	$_{m \|} {\ddot{a}}_{x : 5}^{[M]}$	$_{m \|} {\ddot{a}}_{x : 5}^{[ESG]}$
0	65	65	4.701823	4.854463	4.840292
5	65	70	3.881086	4.346807	4.459998
10	65	75	2.915144	3.540352	4.109583
15	65	80	1.872647	2.46508	3.786699
20	65	85	0.945879	1.348554	3.489184
25	65	90	0.32333	0.498773	3.215044
30	65	95	0.048080	0.079705	2.962443

Case 1-Base Case (2010 life table and r $=$ 1.65%)
m	x	x + m	$_{m \|} {\ddot{a}}_{x : 5}$	$_{m \|} {\ddot{a}}_{x : 5}^{[M]}$	$_{m \|} {\ddot{a}}_{x : 5}^{[ESG]}$
0	65	65	4.701823	4.854463	4.840292
5	65	70	3.881086	4.346807	4.459998
10	65	75	2.915144	3.540352	4.109583
15	65	80	1.872647	2.46508	3.786699
20	65	85	0.945879	1.348554	3.489184
25	65	90	0.32333	0.498773	3.215044
30	65	95	0.048080	0.079705	2.962443

Case 2 (2022 period life table and r $=$ 1.65%)
m	x	x + m	$_{m \|} {\ddot{a}}_{x : 5}$	$_{m \|} {\ddot{a}}_{x : 5}^{[M]}$	$_{m \|} {\ddot{a}}_{x : 5}^{[ESG]}$	$PC$ (%)	${PC}^{[M]}$ (%)	${PC}^{[ESG]}$ (%)
0	65	65	4.543708	4.688359	4.840292	3.36	3.42	0.00
5	65	70	3.350967	3.749705	4.459998	13.66	13.74	0.00
10	65	75	2.137796	2.593009	4.109583	26.67	26.76	0.00
15	65	80	1.078961	1.417566	3.786699	42.38	42.49	0.00
20	65	85	0.377369	0.536509	3.489184	60.10	60.22	0.00
25	65	90	0.076116	0.116972	3.215044	76.46	76.55	0.00
30	65	95	0.006989	0.011601	2.962443	85.46	85.45	0.00

Case 2 (2022 period life table and r $=$ 1.65%)
m	x	x + m	$_{m \|} {\ddot{a}}_{x : 5}$	$_{m \|} {\ddot{a}}_{x : 5}^{[M]}$	$_{m \|} {\ddot{a}}_{x : 5}^{[ESG]}$	$PC$ (%)	${PC}^{[M]}$ (%)	${PC}^{[ESG]}$ (%)
0	65	65	4.543708	4.688359	4.840292	3.36	3.42	0.00
5	65	70	3.350967	3.749705	4.459998	13.66	13.74	0.00
10	65	75	2.137796	2.593009	4.109583	26.67	26.76	0.00
15	65	80	1.078961	1.417566	3.786699	42.38	42.49	0.00
20	65	85	0.377369	0.536509	3.489184	60.10	60.22	0.00
25	65	90	0.076116	0.116972	3.215044	76.46	76.55	0.00
30	65	95	0.006989	0.011601	2.962443	85.46	85.45	0.00

Case 3 (2022 cohort life table and r $=$ 1.65%)
m	x	x + m	$_{m \|} {\ddot{a}}_{x : 5}$	$_{m \|} {\ddot{a}}_{x : 5}^{[M]}$	$_{m \|} {\ddot{a}}_{x : 5}^{[ESG]}$	$PC$ (%)	${PC}^{[M]}$ (%)	${PC}^{[ESG]}$ (%)
0	65	65	4.607090	4.754933	4.840292	2.01	2.05	0.00
5	65	70	3.559319	3.984334	4.459998	8.29	8.34	0.00
10	65	75	2.433490	2.953291	4.109583	16.52	16.58	0.00
15	65	80	1.357645	1.785093	3.786699	27.50	27.58	0.00
20	65	85	0.545551	0.776405	3.489184	42.32	42.43	0.00
25	65	90	0.131947	0.203009	3.215044	59.19	59.30	0.00
30	65	95	0.015130	0.025141	2.962443	68.53	68.46	0.00

Case 3 (2022 cohort life table and r $=$ 1.65%)
m	x	x + m	$_{m \|} {\ddot{a}}_{x : 5}$	$_{m \|} {\ddot{a}}_{x : 5}^{[M]}$	$_{m \|} {\ddot{a}}_{x : 5}^{[ESG]}$	$PC$ (%)	${PC}^{[M]}$ (%)	${PC}^{[ESG]}$ (%)
0	65	65	4.607090	4.754933	4.840292	2.01	2.05	0.00
5	65	70	3.559319	3.984334	4.459998	8.29	8.34	0.00
10	65	75	2.433490	2.953291	4.109583	16.52	16.58	0.00
15	65	80	1.357645	1.785093	3.786699	27.50	27.58	0.00
20	65	85	0.545551	0.776405	3.489184	42.32	42.43	0.00
25	65	90	0.131947	0.203009	3.215044	59.19	59.30	0.00
30	65	95	0.015130	0.025141	2.962443	68.53	68.46	0.00

Case 4 (2010 life table and ESG)
m	x	x + m	$_{m \|} {\ddot{a}}_{x : 5}$	$_{m \|} {\ddot{a}}_{x : 5}^{[M]}$	$_{m \|} {\ddot{a}}_{x : 5}^{[ESG]}$	$PC$ (%)	${PC}^{[M]}$ (%)	${PC}^{[ESG]}$ (%)
0	65	65	4.838614	4.854463	4.983708	–2.91	0.00	–2.96
5	65	70	4.633318	4.346807	5.339967	–19.38	0.00	–19.73
10	65	75	4.093065	3.540352	5.770205	–40.41	0.00	–40.41
15	65	80	2.483567	2.46508	5.041195	–32.62	0.00	–33.13
20	65	85	1.705622	1.348554	6.516261	–80.32	0.00	–86.76
25	65	90	0.702430	0.498773	6.852211	–117.25	0.00	–113.13
30	65	95	0.080571	0.079705	4.718337	–67.58	0.00	–59.27

Case 4 (2010 life table and ESG)
m	x	x + m	$_{m \|} {\ddot{a}}_{x : 5}$	$_{m \|} {\ddot{a}}_{x : 5}^{[M]}$	$_{m \|} {\ddot{a}}_{x : 5}^{[ESG]}$	$PC$ (%)	${PC}^{[M]}$ (%)	${PC}^{[ESG]}$ (%)
0	65	65	4.838614	4.854463	4.983708	–2.91	0.00	–2.96
5	65	70	4.633318	4.346807	5.339967	–19.38	0.00	–19.73
10	65	75	4.093065	3.540352	5.770205	–40.41	0.00	–40.41
15	65	80	2.483567	2.46508	5.041195	–32.62	0.00	–33.13
20	65	85	1.705622	1.348554	6.516261	–80.32	0.00	–86.76
25	65	90	0.702430	0.498773	6.852211	–117.25	0.00	–113.13
30	65	95	0.080571	0.079705	4.718337	–67.58	0.00	–59.27

Case 5 (2022 period life table and ESG)
m	x	x + m	$_{m \|} {\ddot{a}}_{x : 5}$	$_{m \|} {\ddot{a}}_{x : 5}^{[M]}$	$_{m \|} {\ddot{a}}_{x : 5}^{[ESG]}$	$PC$ (%)	${PC}^{[M]}$ (%)	${PC}^{[ESG]}$ (%)
0	65	65	4.672976	4.688359	4.983708	0.61	3.42	–2.96
5	65	70	3.989580	3.749705	5.339967	–2.80	13.74	–19.73
10	65	75	3.001245	2.593009	5.770205	–2.95	26.76	–40.41
15	65	80	1.427709	1.417566	5.041195	23.76	42.49	–33.13
20	65	85	0.667570	0.536509	6.516261	29.42	60.22	–86.76
25	65	90	0.167000	0.116972	6.852211	48.35	76.55	–113.13
30	65	95	0.011689	0.011601	4.718337	75.69	85.45	–59.27

Case 5 (2022 period life table and ESG)
m	x	x + m	$_{m \|} {\ddot{a}}_{x : 5}$	$_{m \|} {\ddot{a}}_{x : 5}^{[M]}$	$_{m \|} {\ddot{a}}_{x : 5}^{[ESG]}$	$PC$ (%)	${PC}^{[M]}$ (%)	${PC}^{[ESG]}$ (%)
0	65	65	4.672976	4.688359	4.983708	0.61	3.42	–2.96
5	65	70	3.989580	3.749705	5.339967	–2.80	13.74	–19.73
10	65	75	3.001245	2.593009	5.770205	–2.95	26.76	–40.41
15	65	80	1.427709	1.417566	5.041195	23.76	42.49	–33.13
20	65	85	0.667570	0.536509	6.516261	29.42	60.22	–86.76
25	65	90	0.167000	0.116972	6.852211	48.35	76.55	–113.13
30	65	95	0.011689	0.011601	4.718337	75.69	85.45	–59.27

Case 6 (2022 cohort life table and ESG)
m	x	x + m	$_{m \|} {\ddot{a}}_{x : 5}$	$_{m \|} {\ddot{a}}_{x : 5}^{[M]}$	$_{m \|} {\ddot{a}}_{x : 5}^{[ESG]}$	$PC$ (%)	${PC}^{[M]}$ (%)	${PC}^{[ESG]}$ (%)
0	65	65	4.739363	4.754933	4.983708	–0.80	2.05	–2.96
5	65	70	4.242428	3.984334	5.339967	–9.31	8.34	–19.73
10	65	75	3.416584	2.953291	5.770205	–17.20	16.58	–40.41
15	65	80	1.798098	1.785093	5.041195	3.98	27.58	–33.13
20	65	85	0.971792	0.776405	6.516261	–2.74	42.43	–86.76
25	65	90	0.288600	0.203009	6.852211	10.74	59.30	–113.13
30	65	95	0.025212	0.025141	4.718337	47.56	68.46	–59.27

Case 6 (2022 cohort life table and ESG)
m	x	x + m	$_{m \|} {\ddot{a}}_{x : 5}$	$_{m \|} {\ddot{a}}_{x : 5}^{[M]}$	$_{m \|} {\ddot{a}}_{x : 5}^{[ESG]}$	$PC$ (%)	${PC}^{[M]}$ (%)	${PC}^{[ESG]}$ (%)
0	65	65	4.739363	4.754933	4.983708	–0.80	2.05	–2.96
5	65	70	4.242428	3.984334	5.339967	–9.31	8.34	–19.73
10	65	75	3.416584	2.953291	5.770205	–17.20	16.58	–40.41
15	65	80	1.798098	1.785093	5.041195	3.98	27.58	–33.13
20	65	85	0.971792	0.776405	6.516261	–2.74	42.43	–86.76
25	65	90	0.288600	0.203009	6.852211	10.74	59.30	–113.13
30	65	95	0.025212	0.025141	4.718337	47.56	68.46	–59.27

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