AIA Group reports double-digit growth

AIA Group delivered operating performance with double-digit growth across its main financial metrics for the 12 months to December 31, including very strong growth in value of new business (VONB) of 22% on a constant exchange rate basis, compared with the corresponding 12-month period.

Ng Keng Hooi, AIA’s Group Chief Executive and President, said the value of new business hit a new record of US$3,955 million. "We also achieved strong growth of 13% in both operating profit after tax and underlying free surplus generation. These very strong results were achieved against a backdrop of economic uncertainty and financial market volatility."

“AIA’s agency channel had another excellent year with 26% VONB growth and the Group now has more than 10,000 Million Dollar Round Table (MDRT) members. In partnerships, our bank channel delivered 18% VONB growth and we activated four new strategic partnerships including with Bangkok Bank in Thailand and SK Telecom in Korea.

“Our brand promise, Healthier, Longer, Better Lives, epitomises our commitment to customers as AIA shifts towards being a partner for life with wellness as a key focus. Membership of our wellness programmes exceeded 1.2 million, transforming engagement and delivering meaningful health improvements for our customers.