AIA Group achieved 10% growth in value of new business (VONB) completed in H1 2026, while operating profit after tax for the year rose to $4.16bn, up 13% per share over the same period.
The insurer saw VONB reach a record high of $3.12bn with growth across all distribution channels, and all reportable segments excluding Thailand, with 32% in India and 10% growth in both Singapore and Malaysia.
In China, VONB rose 20% to hit £937m, 87% of which was generated from agency – 35% of agency VONB was from protection.
Double-digit growth
Excluding Thailand, AIA’s premier agency distribution channel posted 11% growth over the period.
Meanwhile, the partnership distribution channel saw 18% growth, supported by a “very strong” performance in the bancassurance, independent financial adviser (IFA) and broker channels.
Compelling market
Lee Yuan Siong, AIA’s group chief executive and president, said: “Asia remains the most compelling growth opportunity for life and health insurance.
“Powerful structural tailwinds across the region continue to create substantial demand for our professional advice and differentiated products and underpin the exceptional long-term prospects for AIA’s business.
“I am confident that AIA’s disciplined execution of our strategic priorities will continue to deliver long-term sustainable value for all our stakeholders.”
