Record Value of New Business
Value of new business (VONB) was up by 18% to a record high of $4.7 billion.
Increased Operating Profit and Cash Flow
Operating profit after tax reached a record high, up by 12% per share, and underlying free surplus generation grew by 10% per share.
Significant Growth in Premier Agency and Partnerships
Premier agency contributed 74% of VONB with a 16% VONB growth, while bancassurance grew VONB by 39%.
Expansion into New Geographies in China
AIA received approvals for four new branches, adding another 100 million to the addressable market.