The AIA Group Limited has delivered double-digit growth across its main financial metrics in first half of 2018.
Compared with the corresponding six-month period ended 30 June 2017 the group recorded a strong 17 per cent growth in value of new business (VONB) to US$1,954 million on a constant exchange rate basis.
Highlights are shown on a constant exchange rate basis below:
The annualised new premiums (ANP) increased by 9 per cent to US$3,252 million
The Groups IFRS operating profit after tax (OPAT) up by 14 per cent to US$2,653 million and a 14 per cent increase in interim dividend to 29.20 Hong Kong cents per share
Ng Keng Hooi, AIA’s Group Chief Executive and President, said, “AIA achieved a very strong set of results in the first half of 2018 with VONB growth of 17 per cent to US$1,954 million as well as 14 per cent growth in IFRS operating profit. VONB for the period was up 24 per cent when excluding the retail IFA channel in our Hong Kong business which delivered an exceptional growth in the first half of 2017. These results are underpinned by the continued execution of our proven growth strategy and the scale, quality and breadth of AIA’s exceptional businesses across the Asia-Pacific region.
“The Board has declared a 14 per cent increase in the interim dividend for 2018, reflecting the strength of AIA’s financial results as well as our confidence in the outlook for the Group. This is in line with our prudent, sustainable and progressive dividend policy.”
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