AIA delivers record results in 2025

Friday, 20 March 2026 00:03 - - {{hitsCtrl.values.hits}}

AIA Group has announced record results for the year ended on 31 December 2025.

Value of new business (VONB) increased by 15% to $5,516 million; Operating ROEV of 15.8%, was up 90 basis points.

EV Equity of $79.7 billion, up 14% per share on an actual exchange rate basis IFRS earnings. Operating profit after tax (OPAT) of $7,136 million, up 12% per share AIA also said it was confident in meeting or exceeding OPAT per share CAGR target of 9 to 11% from 2023 to 2026. Operating ROE of 15.5%, was up 70 basis points.

Underlying free surplus generation (UFSG) of $6,765 million, up 11% per share and Net free surplus generation (net FSG) up 14% per share to $4,451 million after new business investment.

Shareholder capital ratio of 221% at 31 December 2025 AIA also announced a Final dividend increased by 10% to 144.08 Hong Kong cents per share Total dividend of 193.08 Hong Kong cents per share, up 10%.

AIA’s Group Chief Executive and President Lee Yuan Siong said:“AIA delivered record results in 2025 with double-digit growth across our key financial metrics for new business value, earnings and cash generation. Broad-based growth drove a VONB increase of 15%, clearly demonstrating the strength and diversification of our business. EV Equity grew strongly by 14% per share to $79.7 billion after shareholder dividends and share buy-backs. The consistent execution of our growth strategy continues to drive higher operating ROEV and ROE of 15.8% and 15.5%, respectively. The compounding of high-quality new business supported 12% growth in OPAT per share and 11% increase in UFSG per share. After new business investment, net FSG increased by 14% per share to US$4,451 million, reflecting the growth in UFSG and a proactive shift to less capital-intensive products.

“Following our prudent, sustainable and progressive dividend policy, the Board has recommended a 10% increase in the final dividend to 144.08 Hong Kong cents per share, which brings the total dividend to 193.08 Hong Kong cents per share, an increase of 10% from 2024. In accordance with our capital management policy, the Board has approved a new share buy-back(2) of $1.7 billion. This comprises $0.7 billion to meet the payout ratio target of 75% of annual net FSG and an additional $1.0 billion following a regular review of the Group’s capital position.

Siong said Asia represents the most compelling growth opportunity for life and health insurance with powerful structural tailwinds driving sustainable demand for protection and long-term savings despite persistent geopolitical and macroeconomic uncertainty.

“AIA is uniquely positioned to capture the opportunities available to us given our broad and deep presence in the region and a relentless focus on our strategic priorities that will further enhance our competitive advantages,” he added.

Siong said AIA’s strategy continues to evolve with customer needs, technological progress and market opportunities. “It is designed to perform through market cycles, as evidenced by our excellent results in 2025. We have entered 2026 with strong business momentum and I have confidence in AIA’s ability to deliver sustained shareholder value over the long term.”