友邦保险2023年中期业绩简报（英文）-67页_1mb

AIA Group 2023 Interim Results Summary

AIA Group Limited demonstrated robust financial performance in the first half of 2023, with a significant 37% increase in Value of New Business (VONB) to $2,029 million. Key metrics included an operating return on equity (ROE) of 14.2%, a 5% rise in interim dividend to 42.29 HK cents, and a sustained focus on shareholder returns through a $2.0 billion share buyback program. Free surplus reached $16.3 billion after $3.6 billion in returns, underscored by a strong balance sheet and resilient solvency ratios.

Regional performance highlights growth across all markets:

• Hong Kong showed the highest VONB growth at 111%, fueled by bancassurance and multi-channel strategies.
• Mainland China increased VONB by 14%, emphasizing affluent and mass market segments.
• ASEAN and Thailand reported solid growth with digital integration and strategic partnerships, while India and Other Markets demonstrated leadership in bancassurance and digital distribution.

Investment portfolio remains prudent, with over 85% of assets in fixed income, primarily government and agency bonds, maintaining stability amidst market volatility. Future outlook focuses on digital transformation, prudent capital management, and ESG integration to sustain long-term value creation.

Overall, AIA Group's H1 2023 results reflect strong execution, diversified growth, and a commitment to shareholder rewards in a dynamic insurance landscape.