AIA delivers record 3Q

Thursday, 6 November 2025 05:41 - - {{hitsCtrl.values.hits}}

AIA Group Ltd., has announced 25% growth in value of new business (VONB) on constant exchange rates (CER) for the third quarter ended 30 September 2025.

VONB was up 25% to $1,476 million, a record for the third quarter. VONB margin of 58.2%, was up by 5.7 pps. AIA said there was broad-based double-digit VONB growth in Hong Kong, Mainland China, ASEAN and India. The Agency VONB growth of 19% with very strong recruitment up 18%.

AIA’s Group Chief Executive and President Lee Yuan Siong said: “AIA’s continued strong execution of our growth strategy has delivered another excellent quarter as we capture the unparalleled opportunities in life and health insurance markets across Asia. In the third quarter of 2025, we grew VONB by 25% compared with the same period last year and we achieved double-digit growth in 11 markets.”

“Our unrivalled distribution platform is a key competitive advantage and both our Premier Agency and partnership distribution channels generated very strong growth during the quarter. I am confident that the continued compounding of high-quality new business will grow our in-force portfolio and drive higher earnings and cash generation for many years to come.”

AIA also said VONB saw double-digit increases from 11 of 18 markets.

AIA’s key distribution channel, industry-leading Premier Agency, achieved 19% growth and generated over 70% of the Group’s VONB. Strong recruitment momentum continued, with 18% growth in new recruits, supporting a further increase in the number of active agents. The fast-growing and complementary partnership distribution channel saw a 46% increase in VONB, driven by an excellent performance from the independent financial adviser (IFA) and broker channel in Hong Kong and our bancassurance businesses.

In aggregate, the ASEAN markets delivered 15% higher VONB, supported by double-digit growth from both agency and partnership channels.

Other Markets segment’s VONB was the same level as last year, with double-digit growth from South Korea, Vietnam and India offset by a decline in Australia and Taiwan (China). Tata AIA Life, continued to deliver excellent VONB growth across all distribution channels and maintained its number one industry ranking in retail protection in the third quarter of 2025(13).

Overall, VONB for the Group was up by 25% to US$1,476 million. Annualised new premiums (ANP) grew by 14% to US$2,550 million, while VONB margin increased by 5.7 pps to 58.2%, due to a favourable shift in product mix. Margin reported on a present value of new business premium (PVNBP) basis increased from 10% to 11%, while total weighted premium income (TWPI) increased by 14% to US$11,910 million.

New business contractual service margin (NB CSM) for the third quarter of 2025 increased by over 25%. “Successive layers of profitable new business add to our substantial, recurring earnings from in-force business, reinforcing our confidence in delivering our operating profit after tax (OPAT) per share CAGR target of 9 to 11% from 2023 to 2026,” Lee said.