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AIA Group logo is pictured on a smartphone in front of an electronic display showing the same logo in this illustration taken, December 4, 2021. Dado Ruvic/Illustration
AIA Group logo is pictured on a smartphone in front of an electronic display showing the same logo in this illustration taken, December 4, 2021. Dado Ruvic/Illustration
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Litigation

AIA Group's first-half new business value rises 10%

August 19th, 2026 | 22:56 PM Litigation 2

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By Reuters

Insurer AIA Group (1299.HK) on Thursday posted a 10% jump in ​half-year value of new business (VONB), backed by growth ‌across all distribution channels and segments, excluding Thailand.

AIA's VONB, a measure of expected profits from new premiums and ​a key barometer for future growth, came in ​at $3.21 billion on a constant exchange rate ⁠basis.

That was in line with the absolute VONB ​consensus estimate of $3.2 billion compiled by the company.

Excluding Thailand, ​the company's half-year VONB grew by 14% from the previous year on a constant currency basis.

Earlier this month, Hong ​Kong-listed insurers came under pressure after a report said ​that Chinese tax authorities are beginning to levy a 20% personal ‌income ⁠tax on returns from Hong Kong insurance policies, raising concerns that stricter scrutiny of offshore investments could curb demand from mainland customers.

"Asia remains the most ​compelling growth ​opportunity for ⁠life and health insurance," said Lee Yuan Siong, AIA's Group chief executive and ​president.

He also said structural tailwinds across ​the region ⁠were boosting demand for the insurer's products, underpinning long-term growth prospects.

AIA declared an interim dividend of 53.90 ⁠HK ​cents ($0.069) per share, up 10% ​from the previous year.

($1 = 7.8409 Hong Kong dollars)

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