AIA first-half profit up 11%, driven by strong growth in Hong Kong and Asia sales

Insurer sees value of new business rise 10 per cent year on year to record high of US$3.21 billion AIA Group, Asia’s largest independent publicly listed life insurance group, reported 11 per cent growth in first-half operating profit, driven by strong growth of Hong Kong and mainland China sales and expansion in Southeast Asian markets. Operating profit after tax on a constant currency basis reached US$4.16 billion, with earnings per share rising to 39.95 US cents, according to a filing to the Hong Kong stock exchange on Thursday. The result exceeded the US$3.94 billion consensus estimate of analysts. Value of new business (VONB) – a key indicator of sales momentum and future profitability – grew 10 per cent year on year to record high of US$3.21 billion, compared with consensus expectations of US$3.25 billion. Out of the 18 markets across Asia-Pacific in which AIA operates, 17 reported growth with only Thailand reporting a decline of new business. “We saw continued demand in the Chinese mainland visitor segment with VONB broadly stable against a high comparative in 2025 and increasing quarter-on-quarter in the first half,” said Lee Yuan Siong, group chief executive and president in the exchange filing.

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