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Banking & Finance

AIA sees strong growth in Asia-Pacific

Released at: 16:26, 04/08/2015

AIA sees strong growth in Asia-Pacific

Insurer announces strong business performance in six months to May 31.

by Doanh Doanh

The Board of Directors of AIA Group Limited has announced that AIA delivered another strong set of results for the six months ending May 31, 2015.

The main highlights of the results were value of new business (VONB) of $959 million, up 21 per cent and up 25 per cent on constant exchange rates (CER), and annualized new premiums (ANP) of $1.878 billion, up 11 per cent and 15 per cent on CER.

“Our disciplined approach to the management of our in-force business has enabled us to achieve a strong increase in IFRS operating profit and maintain our resilient solvency position,” said Mr. Mark Tucker, AIA’s Group Chief Executive and President. “Our financial results continue to demonstrate the value of the consistent execution of our well-established growth strategy and our exclusive focus on the Asia-Pacific region.”

He also said that the region continues to present enormous growth opportunities for AIA.

AIA Vietnam has also reported positive results in its business performance and become one the four leading insurers in Vietnam’s life insurance market.

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