[1299 Earnings] AIA Group Full Year New Business Value of $5.52 Billion Creates Record High, Up 15% at Fixed Exchange Rates; Final Dividend Increased 10% to HK144.08 Cents

AIA Group (01299)
Announces full-year 2025 results. At constant exchange rates, AIA’s annual new business value reached a record high of $5.52 billion, reflecting continued market demand for AIA’s high-quality products and solutions, up 15% year-over-year (17% in real exchange rates). Most markets achieved double-digit growth. The new business value profit margin was 58.5%, up 3.6 percentage points. Annualized new premiums were $9.48 billion, up 9%. AIA declared a final dividend of HKD 144.08 cents, a 10% increase. In accordance with capital management policies, the Board approved a new share repurchase program of $1.7 billion.

AIA’s after-tax operating profit reached a record high of $7.14 billion, up 12% per share. Operating profit margin remained strong at 15.3%.

During the period, AIA Hong Kong’s business grew 28% to $2.26 billion, with local customer growth of 21% and Mainland China visitor customer growth of 35%. The “Top Agent” program contributed to a 26% increase in new business value, driven by an increase in active agents and productivity improvements. The partner distribution channel’s new business value grew 46%, with both bancassurance and intermediary partner channels expanding. Driven by the launch of a new flagship product, the new business value profit margin increased 3 percentage points to 68.5%.

Mainland China market showed steady performance, with accelerated new business value growth in the second half of the year, up 14% year-over-year, and over 20% growth in the first two months of 2026. After accounting for economic assumption changes, full-year new business value grew 2% to $1.24 billion. The “Top Agent” remains the key to success, accounting for 85% of new business value. The group continues to strengthen its agent team, with new agent recruitment up 14%, and active agents increasing by 8%. The remaining 15% of new business value contribution comes from bancassurance, benefiting from strategic bank partnerships that drove policy premium growth.

Group CEO and President Lee Yuan Sang stated that despite ongoing global uncertainties, rising geopolitical tensions, and macroeconomic impacts, he is confident that with a clear growth strategy, focused execution, and resilient business models, AIA will continue to achieve sustainable high-quality growth and create long-term value for stakeholders.

Source: AIA Group Announcement

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