Core Insights - The event marks the first youth football training camp organized by AIA in Jinan, Shandong, attracting nearly 600 young players for professional training and interactive activities [1][6]. Group 1: Event Overview - The training camp is part of AIA's collaboration with Tottenham Hotspur, aiming to promote football and a healthy lifestyle [4]. - The camp features a high-level coaching team, including Tottenham's international expansion coach, Shanon Moroney, and certified coaches from the Chinese Football Association [4]. Group 2: Local Impact - The event aims to enhance the enthusiasm for football among youth in Jinan, leveraging the city's rich football culture [6]. - Participants are grouped by age for tailored training, focusing on fundamental skills and competitive spirit [6]. - AIA's local manager emphasized the importance of physical health, positive mindset, and teamwork for children's growth, aligning with the company's brand philosophy of "Healthy Long Life" [6]. Group 3: Strategic Goals - The training camp is a significant initiative for AIA to deepen its market presence in Shandong and fulfill its brand promise [6]. - AIA seeks to integrate top international sports resources to provide valuable health experiences for local families, promoting an understanding of diverse sports cultures [6].

Summary of AIA Group's Conference Call Company Overview - **Company**: AIA Group - **Industry**: Insurance Services Key Points and Arguments Financial Performance - AIA Group reported a 19% growth in insurance service performance for the first half of 2025, driven by stable release and increased operational variances, despite a negative investment performance of -7% due to high equity allocation in participating accounts [2][3] - The annualized shareholder return reached 3.7%, with a target for compound annual growth rate (CAGR) of after-tax operating profit per share set at 9%-11% from 2023 to 2026 [3][2] New Business Value (NBV) - Strong growth in new business value (NBV) was noted, with a 30% increase in 2023 and a 14% increase in the first half of 2025 (at constant exchange rates), with 13 out of 18 markets showing growth [2][6] - The NBV margin increased by 3.4 percentage points to 57.7%, with new single premium growth of 8% [6][2] Shareholder Returns and Capital Management - AIA has consistently increased its dividend since its listing, with a dividend payout ratio exceeding 35%. The company plans to allocate 75% of new retained earnings for share buybacks and dividends [2][5] - Expected shareholder returns are projected at 4.6% for 2025, with 4% for 2026 and 2027 [5][2] Regional Performance - AIA Hong Kong contributed 35% to the group, with a 2 percentage point increase year-on-year. The NBV from mainland visitors purchasing insurance grew by 24% [4][13] - AIA China saw a 10% increase in NBV in the first half of 2025, with a 15% increase in Q2, despite facing pressure in the agent channel [11][2] Strategic Initiatives - AIA is focusing on expanding its agent channel, which remains the primary sales channel, and aims for a 40% compound annual growth rate in new business value from newly opened regions [11][12] - The company is enhancing its governance structure with a high proportion of independent directors and local empowerment management frameworks [4][9] Market Insights - The Singapore market experienced a 16% increase in NBV in the first half of 2025, while Malaysia is in a recovery phase with a 13% decline in MV due to poor agent channel performance [16][17] - Thailand's market showed a remarkable 35% increase in NBV, with a market share of 44% [18][17] Product Structure and Risk Management - AIA's product structure varies significantly across regions, with a focus on participating products in Hong Kong and floating yield products in mainland China [19][20] - The company has a global asset allocation strategy that diversifies risks and capitalizes on high-yield overseas markets [20][21] Valuation and Future Outlook - AIA's current price-to-value (PV) ratio is 1.36 times, which is considered low compared to a more reasonable estimate of 1.5 times [22][21] - The company anticipates strong long-term growth in premiums, particularly in Hong Kong, Singapore, Malaysia, and Thailand, with a projected double-digit growth in MVV [21][22] Additional Important Insights - The agent strategy has shown significant results, with an increase in active agents and productivity [10][4] - AIA's governance measures include a high number of independent directors and local management empowerment, which enhances operational efficiency [9][4]

我們鼓勵 閣下選擇網上版本。此舉既環保及可節省印刷及分發成本。在行使 閣下選擇權時，請填妥及 簽署隨附的回條（「回條」），並使用回條下方提供之郵寄標籤將回條寄回，或親身交回本公司證券登記處 香港中央證券登記有限公司（「證券登記處」）以轉交予本公司，地址為香港灣仔皇后大道東183號合和中心 17M樓。回條亦可於本公司網站或香港交易所網站下載。 倘若本公司於2025年10月9日尚未收到 閣下已填妥並簽署的回條或並未有收到 閣下的回覆， 閣下將 被視作選擇所有日後刊發之公司通訊的網上版本以代替收取印刷本。而本公司亦會於印刷本寄出當日，以 電郵方式（或如沒有提供電郵地址，則郵寄至 閣下於本公司股東名冊上所顯示的地址）通知 閣下有關 公司通訊已登載於本公司網站及香港交易所網站。 AIA Group Limited 友邦保險控股有限公司 （於香港註冊成立的有限公司） 股份代號：1299（港幣櫃台）及81299（人民幣櫃台） 敬啟者： 致新登記股東之函件 選擇公司通訊之語言版本及收取方式 隨函附上友邦保險控股有限公司（「本公司」）2025年中期報告的英、中文版本以供閱覽。 根據《香港聯合交易所有限公司證券上市規則》、《公司 ...

AIA Group Limited 友邦保險控股有限公司 (Incorporated in Hong Kong with limited liability) （於香港註冊成立的有限公司） Stock Codes: 1299 (HKD counter) and 81299 (RMB counter) 股份代號：1299（港幣櫃台）及81299（人民幣櫃台） NOTIFICATION LETTER 通知信函 Dear Non-registered Shareholder (Note 1) , 9 September 2025 AIA Group Limited (the "Company") Notice of Publication of Interim Report 2025 of the Company (the "Interim Report 2025") The English and Chinese versions of the Interim Report 2025 are available on the Company's website at www.aia.com and Hong Ko ...

AIA Group Limited 友邦保險控股有限公司 (Incorporated in Hong Kong with limited liability) （於香港註冊成立的有限公司） Stock Codes: 1299 (HKD counter) and 81299 (RMB counter) 股份代號：1299（港幣櫃台）及81299（人民幣櫃台） NOTIFICATION LETTER 通知信函 Dear Registered Shareholder, AIA Group Limited (the "Company") Notice of Publication of Interim Report 2025 of the Company (the "Interim Report 2025") The English and Chinese versions of the Interim Report 2025 are available on the Company's website at www.aia.com and Hong Kong Exchanges and Clearing Limit ...

Financial Performance - New business value increased by 14% to $2.838 billion[3] - After-tax operating profit reached $3.609 billion, representing a 12% increase per share[3] - Basic earnings per share rose by 10% to $3.569 billion[3] - Annualized embedded value operating return improved to 17.8%, up 290 basis points from 14.9% in 2024[3] - The company returned $3.71 billion to shareholders through dividends and share buybacks in the first half of 2025[3] - Operating profit increased to $5.893 billion, with earnings per share rising by 15%[16] - The total intrinsic value equity profit for the six months ended June 30, 2025, was $4.4 billion, after accounting for the global minimum tax of $51 million[58] - The company reported a net profit of $2.53 billion for the six months ending June 30, 2025, compared to $3.31 billion for the same period in 2024[95] Dividends and Shareholder Returns - Interim dividend increased by 10% to HKD 0.49 per share[3] - The company announced a 10% increase in the interim dividend per share to HKD 0.49[45] - The company returned $3.71 billion to shareholders through dividends and share buybacks in the first half of 2025[95] - The company returned $1.768 billion in dividends and $1.942 billion in share buybacks during the first half of 2025, resulting in an ending free surplus of $9.898 billion[111] New Business Growth - Active agents increased due to investments in generative AI, driving a 17% growth in new business value from agents[2] - New business value for the six months ended June 30, 2025, reached $2,838 million, representing a 14% increase year-over-year[8] - New business value from the agency channel rose by 17% to $2.220 billion[20] - New business value in Hong Kong grew by 24% to $1.063 billion, with active new agents increasing by 25%[29] - New business value in China was $743 million, with a 10% growth before economic assumption changes[30] - Thailand's new business value surged by 35% to $522 million, benefiting from a strong sales increase[31] - Singapore's new business value rose by 16% to $259 million, supported by a 22% increase in agent productivity[31] Capital Management - Shareholder capital ratio as of June 30, 2025, stood at 219%[3] - The embedded value equity as of June 30, 2025, was $73.67 billion, reflecting a 5% increase per share[41] - The total embedded value increased by 8% to $77.38 billion before returning $3.71 billion to shareholders through dividends and share buybacks[54] - The group’s local capital coverage ratio remained strong at 254% as of June 30, 2025[130] Investment Performance - The company reported a negative investment return variance of $1.397 billion, primarily related to market changes in Thailand, offset by positive foreign exchange translation effects[53] - The net investment performance after expenses reached $1.536 billion, a decrease of $116 million compared to the first half of 2024[64] - The total investment return from non-dividend and surplus assets was $4.686 billion for the first half of 2025[80] Operational Efficiency - The company achieved a 255% increase in operational variance, rising to $231 million compared to $71 million in the previous year[67] - The company reported a strong operating profit margin of 15.1%, with a return on equity of 16.2%, an increase of 140 basis points year-over-year[63] - Operating expenses increased by 2% to $1.751 billion for the six months ended June 30, 2025, with an expense ratio improvement of 80 basis points to 7.3%[86] Market Performance - AIA Group achieved a new business value growth of 14% to $2.838 billion in the first half of 2025, supporting profit growth[39] - The company has over 19,000 MDRT agents, more than double that of its closest multinational competitor[21] - The overall new business value across eleven markets grew by 14%, with nine markets reporting increases[178] Future Outlook - The company aims for a compound annual growth rate of 9% to 11% in after-tax operating profit per share from 2023 to 2026[3] - The company aims for a compound annual growth rate of 40% in new business value from new regions in mainland China from 2025 to 2030[168]

Core Insights - AIA Group's CEO, Lee Yuanxiang, emphasized that mainland China is the most important market for the company, showcasing significant potential for growth [1] - The latest half-year report revealed a 14% increase in new business value to $2.838 billion, with 13 out of 18 markets experiencing growth, and a 3.4% year-on-year increase in new business value margin to 57.7% [1] Group 1: Long-term Investment in China - AIA established its first branch in Shanghai in 1992, being one of the earliest foreign insurance companies to obtain a personal insurance business license in China [2] - Since 2019, AIA has expanded to 14 operational regions in mainland China and plans to add 1-2 new provincial branches annually [2] - In 2022, AIA invested 12.033 billion RMB in China Post Insurance, becoming its second-largest shareholder, and provided technical support for its successful transformation [2] Group 2: Asset Management Company Establishment - The approval for the establishment of AIA Asset Management Company marks a significant milestone in AIA's ongoing development in mainland China [3] Group 3: Synergy Between Assets and Liabilities - Regional expansion is a core driver of AIA's growth in mainland China, with a focus on optimizing the synergy between assets and liabilities for future growth [4] - In a low interest rate environment, AIA is shifting its focus on long-term savings to diversified and participating products, promoting balanced development across various insurance types [4] - The company believes that the development of participating insurance will thrive in a low interest rate environment, benefiting both the company and clients [4] Group 4: Differentiated Bancassurance Strategy - AIA is committed to a differentiated bancassurance model, focusing on a few banks that align with its long-term cooperation vision, targeting high-income and high-net-worth clients [5] - The implementation of the "Bancassurance Integration" policy and ongoing interest rate adjustments have made the bancassurance market more standardized and healthy, which AIA views as a future opportunity [6]

Core Viewpoint - AIA Group Limited (01299) announced the granting of 126,600 stock options to an employee of its subsidiary, as part of its revised stock option plan adopted on May 29, 2020 [1] Summary by Relevant Sections - **Stock Options Granted**: The company granted a total of 126,600 stock options to the designated employee, allowing the right to receive either shares or cash equivalent to the difference between the subscription price and the market price on the exercise date or nearby [1] - **Plan Details**: The stock option plan was originally adopted on May 29, 2020, and has been revised since then [1]

Core Viewpoint - AIA Group Limited (01299) announced the grant of 126,600 stock options to an employee of its subsidiary, as part of its revised stock option plan adopted on May 29, 2020 [1] Summary by Relevant Sections - **Stock Option Grant** - The company granted a total of 126,600 stock options to a designated employee [1] - **Plan Details** - The stock options will allow the employee to receive either 126,600 new ordinary shares or an equivalent cash amount, which will be determined by the board based on the difference between the subscription price and the market price of the shares on or around the date of exercise [1]

Core Viewpoint - AIA Group Limited (01299.HK) announced the grant of 126,600 stock options to an employee of its subsidiary, as part of its stock option plan adopted on May 29, 2020 [1] Summary by Relevant Sections - **Stock Option Grant**: The company granted 126,600 stock options to an employee, allowing the recipient to receive either new ordinary shares or cash equivalent to the difference between the subscription price and the market price on the exercise date or surrounding dates, as determined by the board [1]