AIA Group Limited delivered an excellent performance in the six months ended 30 June 2019 with double-digit growth across our main financial metrics. Value of new business (VONB) increased by 20% on a constant exchange rate basis, compared with the corresponding six-month period ended 30 June 2018.
AIA’s Group Chief Executive and President, Ng Keng Hooi, said that AIA has delivered double-digit increases in their main financial metrics in the first half of 2019, continuing their consistent track record of growth.
“Value of new business increased by 20%, to a record half-year result of US$ 2, 275 million for the Group. We also generated a 12% increase in operating profit after tax and a 15 percent growth in underlying free surplus generation”.
“The Board has declared a 14% increase in interim dividend for 2019 reflecting our continued strong financial performance and demonstrates our confidence in the outlook for the Group”.
“AIA’s wholly-owned business in China was our fastest growing market segment with an excellent growth of 34 percent in VONB.
“VONB growth of our operations in Thailand and Malaysia was supported by our sustained focus on enhancing agent professionalism and developing our strategic bancassurance partnerships. In our Other Markets, 17 percent growth in VONB was driven by strong performances in Australia, the Philippines, and Vietnam.
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