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AIA Sees 12% Profit Growth Driven by Chinese Customers in Hong Kong
22 Aug
Summary
- AIA's operating profit up 12% in H1 2025
- Value of new business rises 14% to $2.84 billion
- 13 out of 18 markets report positive new business growth
In the first half of 2025, AIA Group, Asia's largest insurer, has delivered an excellent operating and financial performance. The company's operating profit on a constant currency basis reached $3.61 billion, representing a 12% growth compared to the same period last year.
This impressive result was largely driven by mainland Chinese customers purchasing insurance policies during their visits to Hong Kong. The value of new business (VONB), a key indicator of sales and future growth, rose 14% to $2.84 billion, exceeding market expectations of a 13% increase.
Out of the 18 markets in which AIA operates, 13 reported positive growth in new business, further demonstrating the company's ability to capitalize on the unparalleled opportunities for life and health insurance in Asia. AIA's CEO and president, Lee Yuan-siong, stated that Asia is the most attractive region in the world for this industry, with strong fundamental growth drivers such as rising wealth, low insurance penetration levels, and limited social welfare coverage.
Looking ahead, the company is excited to welcome back Mark Tucker as its new chairman in October. Tucker, who previously served as AIA's CEO from 2010 to 2017, is expected to focus on governance, strategy, and leadership as he takes the helm of the board.
