Skip to main content
  • ENG
  • 繁體
  • Search
  • Home
  • About AIA
    • Our Leadership Team
    • Solutions to Meet Your Needs
    • AIA Vitality
    • AIA investments
    • OUR BRAND
    • Innovation at AIA
    • Environmental Social Governance
    • AIA Leadership Centre
    • Contact Us
    • AIA Scholarships
  • Healthy Living
    • Corporate Social Responsibility
    • AIA HEALTHIER TOGETHER
    • Engaging with the Community
    • The Healthiest Workplace
    • #ONEMOREHOUR
    • eatwell
  • Media Centre
    • Press Releases
    • Facts at a glance
    • Annual reports
    • Photo Gallery
    • Thought Leadership
  • Investor Relations
    • Results & Presentations
    • Share Price
    • Hong Kong Stock Exchange Announcements
    • Shareholder Centre
    • Corporate Governance
    • Credit Investors
    • Financial Calendar
    • Contact Investor Relations
  • Careers
    • Discover AIA Careers
    • Meet Our People
    • Explore Opportunities
    • Become an AIA Agent
AIA
  • About AIA

    About AIA

    For a century, AIA has served the ever-changing needs of millions of people across the Asia-Pacific region.

    Find out more
    • Our Leadership Team

      Get to know our leadership team.

    • Solutions to Meet Your Needs

      Products for individuals and businesses.

    • AIA Vitality

      We support you in taking charge of your health.

    • AIA investments

      Our Investment Capabilities.

    • OUR BRAND

      Helping people live Healthier, Longer, Better Lives.

    • Innovation at AIA

      Find out how we are helping shape the future of insurance.

    • Environmental Social Governance

      Our ESG commitment aims to deliver value to all our stakeholders.

    • AIA Leadership Centre

      A state-of-the-art learning space.

    • Contact Us

      If you have queries, we would love to help!

    • AIA Scholarships

      A major investment in Hong Kong.

  • Healthy Living

    Healthy Living

    Our Healthy Living initiatives, partnership with Tottenham Hotspur Football Club and more.

    Find out more
    • Corporate Social Responsibility

      The focus of our CSR programme is Healthy Living – helping people to live Healthier, Longer, Better Lives.

    • AIA HEALTHIER TOGETHER

      Discover the eight ingredients of a healthier, longer, better life.

    • Engaging with the Community

      Our various sponsorships allow us to engage with multiple audiences in exciting and unique ways.

    • The Healthiest Workplace

      It’s a simple but important fact: employee health is key to business success.

    • #ONEMOREHOUR

      In response to the sleep deprivation crisis in Asia, AIA takes a leadership position to help people reap the benefits of one more hour of sleep.

    • eatwell

      Bringing you delicious recipes and inspiration to eat well for a healthier, longer, better life.

  • Media Centre

    Media Centre

    The latest news from AIA.

    Find out more
    • Press Releases

      Browse recent AIA press releases in our archive.

    • Facts at a glance

      Discover key corporate facts about AIA.

    • Annual reports

      Download the PDF version of our annual reports.

    • Photo Gallery

      Image gallery for media professionals.

    • Thought Leadership

      Read about our regional surveys and studies.

  • Investor Relations

    Investor Relations

    The latest updates and information about AIA Group Limited for shareholders, potential investors and financial analysts.

    Find out more
    • Results & Presentations

      Full details of our results announcements and business presentations.

    • Share Price

      AIA Group Limited (HKEx Stock Code: 1299) share price performance.

    • Hong Kong Stock Exchange Announcements

      Find announcements issued under the Listing Rules.

    • Shareholder Centre

      Information about our shares, General Meetings and more.

    • Corporate Governance

      Information about our Board of Directors, Committee Composition and more.

    • Credit Investors

      The latest credit ratings and information related to our Global Medium Term Note programme.

    • Financial Calendar

      Information about upcoming and past events.

    • Contact Investor Relations

      Get in touch with our Investor Relations Team.

  • Careers

    Careers

    If your ambition is to positively impact the lives of others, a career with AIA empowers you to do just that.

    Find out more

    Corporate Careers

    Careers for Agents

    • Discover AIA Careers

      Learn more about our corporate careers.

    • Explore Opportunities

      Explore the diverse career options with us.

    • Become an AIA Agent

      At AIA we focus on developing best-in-class agents to offer the best advice and support to our customers.

  • Language Select
    • ENG
    • 繁體
  • Search
  • Contact Us
    • Contact Us

2018
Next
Back to Top
  • {{title}}

    {{label}}
  • AIA Delivers Another Excellent Set of Results

    27 February 2018



    VALUE OF NEW BUSINESS UP 28 PER CENT OPERATING PROFIT UP 16 PER CENT

    AND FINAL DIVIDEND UP 17 PER CENT EV EXCEEDS US$50 BILLION FOR THE FIRST TIME

    HONG KONG, 27 February 2018 – The Board of Directors of AIA Group Limited (stock code: 1299) is pleased to announce that AIA has delivered strong results for the year ended 30 November 2017 with double-digit growth across our main financial metrics. Highlights are shown on a constant exchange rate basis:

    Excellent growth in value of new business (VONB)

    • 28 per cent growth in VONB to US$3,512 million
    • Annualised new premiums (ANP) increased by 19 per cent to US$6,092 million
    • VONB margin up 4.1 pps to 56.8 per cent
    • PVNBP margin increased to 10 per cent from 9 per cent in 2016

    Strong operating profit generation

    • IFRS operating profit after tax (OPAT) up 16 per cent to US$4,647 million
    • Embedded value (EV) operating profit increased by 19 per cent to US$6,997 million
    • Operating return on EV (operating ROEV) up 110 bps to 16.6 per cent

    Robust cash flow and resilient capital position

    • EV Equity of US$51.8 billion; EV of US$50.1 billion, up US$8.0 billion
    • Underlying free surplus generation of US$4,527 million, up 13 per cent
    • Free surplus of US$12.3 billion
    • Net remittances of US$2.1 billion
    • Solvency ratio for AIA Co., our principal operating company, of 443 per cent on the HKIO basis

    Significant increase in recommended final dividend

    • 17 per cent growth in final dividend to 74.38 Hong Kong cents per share
    • Total dividend of 100.00 Hong Kong cents per share, an increase of 17 per cent

    Ng Keng Hooi, AIA’s Group Chief Executive and President, said:

    “AIA has delivered another strong performance with double-digit growth across our main financial metrics. Value of new business increased by 28 per cent to reach a new high of US$3,512 million and we also achieved strong growth in IFRS operating profit and free surplus. Today’s results are the direct outcome of the scale, quality and breadth of AIA’s exceptional businesses across the region and the significant progress we are making in delivering our strategic objectives.

    “The Board has recommended an increase of 17 per cent in the 2017 final dividend, reflecting the strength of AIA's financial results as well as our confidence in the outlook for the Group.

    “AIA has been in Asia for almost a century and we operate in some of the most dynamic and attractive life insurance markets in the world. With our deep roots and long history in Asia, we have aligned our growth strategy with the opportunities created by the unprecedented structural economic, demographic and social changes taking place across our markets. AIA’s extensive distribution reach, product innovation, trusted brand and outstanding people capabilities place us in a unique position to help safeguard the financial security of consumers across the Asia-Pacific region.

    "Our focus continues to be on the execution of our strategic priorities that will build on our competitive advantages and make a material difference to AIA’s future. I am confident that our teams will continue to deliver profitable growth and long-term value for our shareholders as we help our customers live healthier, longer, better lives and plan for a brighter future.”

    - End -


    About AIA

    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.

    The business that is now AIA was first established in Shanghai almost a century ago. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$216 billion as of 30 November 2017.

    AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 30 million individual policies and over 16 million participating members of group insurance schemes.

    AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).

    Contacts

    Investment Community  
    Lance Burbidge +852 2832 1398
    Feon Lee +852 2832 4704
    Rachel Poon +852 2832 4792
    News Media  
    Stephen Thomas +852 2832 6178
    Allister Fowler +852 2832 1978
    Emerald Ng +852 2832 4720

    Financial Summary

    PERFORMANCE HIGHLIGHTS

    aia-group-press-release-20180227
    aia-group-press-release-20180227

    NEW BUSINESS PERFORMANCE BY SEGMENT

    aia-group-press-release-20180227

    Notes:

    1. All figures are presented in actual reporting currency (US dollar) and based on actual exchange rates (AER) unless otherwise stated. Change on constant exchange rates (CER) is calculated using constant average exchange rates for 2017 and for 2016 other than for balance sheet items that use CER as at 30 November 2017 and as at 30 November 2016.
    2. Change is shown on a year-on-year basis unless otherwise stated.
    3. VONB is calculated based on assumptions applicable at the point of sale and before deducting the amount attributable to non-controlling interests. The amounts of VONB attributable to non-controlling interests in 2017 and in 2016 were US$22 million and US$19 million respectively.
    4. VONB includes pension business. ANP and VONB margin exclude pension business.
    5. IFRS operating profit after tax and operating earnings per share are shown after non-controlling interests unless otherwise stated.
    6. Hong Kong refers to operations in Hong Kong and Macau; Singapore refers to operations in Singapore and Brunei; and Other Markets refers to operations in Australia (including New Zealand), Cambodia, Indonesia, Korea, the Philippines, Sri Lanka, Taiwan, Vietnam and India. The results of our joint venture in India are accounted for using the equity method. For clarity, TWPI, ANP and VONB exclude any contribution from India.
    7. AIA’s financial information in this document is based on the audited consolidated financial statements and supplementary embedded value information for 2017.
    Contact AIA Group 

    Contact AIA Group 

    VISIT OUR MARKET SITES

    This website uses cookies for the purpose of enhancing your user experience. You can find more information on the types of cookies we collect, what we use these for, and how to manage your cookie settings in our Cookie Policy and Privacy Statement .

    About AIA

    Solutions to Your Needs

    AIA Vitality

    Global Principal Partner 

    Visit our Market Sites

    About AIA

    AIA Vitality

    This website uses cookies for the purpose of enhancing your user experience. You can find more information on the types of cookies we collect, what we use these for, and how to manage your cookie settings in our Cookie Policy and Privacy Statement .

    Global Principal Partner 


    Copyright © 2020, AIA Group Limited and its subsidiaries. All rights reserved.
    Terms of Use | Privacy Statement | Cookie Policy