AIA Group posted solid earnings for the first half of 2025, reporting growth across new business, profit and shareholder returns.
The insurer said the value of new business rose 14% to US$2.84 billion, with its margin improving to 57.7%. Annualised operating return on embedded value climbed to 17.8%, compared with 14.9% for the full year 2024. Embedded value equity reached US$73.7 billion, up 5% per share on an actual exchange rate basis.
Operating profit after tax increased 12% per share to US$3.61 billion, keeping AIA on track to meet its 2023–2026 compound annual growth target of 9–11%. Underlying free surplus generation rose 10% per share to US$3.57 billion.
Shareholder payouts in the first half totalled US$3.71 billion, combining dividends and buybacks. The company declared an interim dividend of 49 Hong Kong cents per share, up 10% from a year earlier. Its shareholder capital ratio stood at 219% at the end of June.
Chief Executive Lee Yuan Siong said AIA saw new business expansion in 13 of its 18 markets, supported by growth in its agency force and partnerships with banks and intermediaries.
The results underscore the insurer’s continued push to capture demand for life and health insurance across Asia, where rising incomes and relatively low levels of coverage remain long-term growth drivers.
