AIA insurance has announced its semi-annual financial performance as of June 30, 2024, showing the company's highest ever half-year performance. New business value grew by 25%, reaching $2.455 billion; annualized new premiums grew by 17%, reaching $4.546 billion; the new business profit margin increased by 3.3 percentage points to 53.9%. Operating profit with embedded value reached $5.35 billion, a growth of 29% per share; the operating return on embedded value increased from 12.9% to 16.5% compared to the previous year; the embedded value equity of shareholders reached $70.856 billion after capital return, a growth of 5% per share. According to International Financial Reporting Standards, after-tax operating profit was $3.386 billion, an increase of 10% per share; the operating return on equity of shareholders increased from 13.5% to 15.3%. Basic free surplus generated was $3.391 billion...Show More

AIA insurance has announced its semi-annual financial performance as of June 30, 2024, showing the company's highest ever half-year performance. New business value grew by 25%, reaching $2.455 billion; annualized new premiums grew by 17%, reaching $4.546 billion; the new business profit margin increased by 3.3 percentage points to 53.9%. Operating profit with embedded value reached $5.35 billion, a growth of 29% per share; the operating return on embedded value increased from 12.9% to 16.5% compared to the previous year; the embedded value equity of shareholders reached $70.856 billion after capital return, a growth of 5% per share. According to International Financial Reporting Standards, after-tax operating profit was $3.386 billion, an increase of 10% per share; the operating return on equity of shareholders increased from 13.5% to 15.3%. Basic free surplus generated was $3.391 billion, a growth of 10% per share; the net free surplus after deducting reinvestment of new business was $2.243 billion; the capital ratio based on shareholders' reference reached 242%. In the first half of this year, the company returned $3.4 billion to shareholders through dividends and share repurchase, and announced a share repurchase plan of $2 billion in April, bringing the total amount to $12 billion. The interim dividend is HKD 44.50 per share, an increase of 5.2%. AIA insurance is the largest independent listed life insurance group in Asia, covering 18 markets and offering products and services such as life insurance, accident and health insurance, and savings plans.