Fri, 29 Mar 2024 Today's Paper

AIA Group net profit up 34% to US$ 2 bn in first half

By

28 July 2015 06:30 pm - 0     - {{hitsCtrl.values.hits}}

A A A

Life insurance inflows continue to grow at healthy rates with pan-Asian life insurer AIA Group reporting strong interim results for the half-year ending 31 May. 
AIA Group, which is listed in Hong Kong and operates locally as AIA Australia, has reported a 26 percent increase in the value of new business to US$701 million and a 29 percent increase in annualised new premiums to US$1.661 billion. 

AIA Australia chief executive Peter Crewe said the results stem from the company building partnerships with advisers, intermediaries and trustees. 

 “We have moved beyond a transactional relationship with partners and customers to become an important part of their protection strategy,” he said.  
AIA Group also reported that its net profit had increased by 34 percent to US$2.104 billion, with the Australian operations taking nearly a quarter share of the local group-risk market in the first quarter of this year. 

AIA Group has reported strong growth in Indonesia, the Philippines and Australia. Figures released from Plan For Life for 2012 show that AIA Australia, the group’s Australian arm, had a 24.2 percent market share and an increase in yearly risk inflows of 13.7 percent or US$ 947.3 million. 

Inflows into risk insurance products have been strong across 2012 and into 2013, according to Plan for Life statistics. Inflows into individual risk lump sum and income products and group risk products increased by about 10 percent from US$10.6 billion to $11.7 billion for the year ending March 2013. (Courtesy Money Management)

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 0

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

VAT increase: SOUNDs death knell for publishers, readers

Though the Government imposed VAT (Value Added Tax) on vegetables and other e

How female change-makers are driving Sri Lanka’s energy saving platform

Saving energy has become more of a responsibility than a habit in today’s c

A dull Ramadan awaits Muslims amidst the Soaring Cost of Living

In the coming days, Muslims across the world will welcome the Holy Month of R

New wildlife underpass to curtail HEC

As of February 2024, Sri Lanka lost another 38 elephants as a result of the H