AIA Group Limited (AIA) delivered excellent operating performance with double-digit growth across main financial metrics for the twelve months ending on December 31, 2018, including very strong growth in the value of new business of 22 per cent on a constant exchange rate basis, compared with the corresponding twelve-month period ending on December 31, 2017. Ng Keng Hooi, AIA’s group chief executive and president AIA’s growth rates are shown on a constant exchange rate basis, while the operating profit generation of the company was strong, along with cash flow and resilient capital position, and strong increases in recommended final dividend. Telling VIR about the excellent business results of AIA last year, Ng Keng Hooi, AIA’s group chief executive and president confirmed the excellent performance with double-digit growth across the main financial metrics. The value of new business (VONB) increased by 22 per cent to reach a new record of $3.955 billion. “We also achieved strong growth of 13 per cent in both operating after-tax profit and underlying free surplus generation. These very strong results were achieved against a backdrop of economic uncertainty and financial market volatility,” said Ng Keng Hooi. “Our business in China delivered an excellent performance with VONB… Read full this story
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