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."
He noted that the Board has declared a 4% 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.
The top AIA leader said the group continues to hold a uniquely advantaged position stemming from the significant competitive advantages we have created over our long history in Asia. The quality of our results comes from our diverse and balanced platforms – across distribution, product and geography. Our clear strategy continues to work well as our experienced team of outstanding people to harness the enormous growth opportunities that the region presents.
“We remain confident that we will continue to execute our strategic priorities and realize AIA’s full potential as we help millions of people to live healthier, longer, better lives,"said Mr Ng Keng Hooi.
AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific – wholly- owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, Cambodia, a 97 per cent subsidiary in Sri Lanka, a 49 per cent joint venture in India and a representative office in Myanmar.