AIA(HK:01299) 清华金融评论·2025-03-14 10:49Core Insights - AIA Group reported a strong performance for the fiscal year 2024, with new business value increasing by 18% to $4.712 billion and annualized new premiums rising by 14% to $860.6 million [1][2] - The company achieved a new business value profit margin of 54.5%, up by 1.9 percentage points from the previous year [1][2] - AIA's operating profit after tax was $6.605 billion, reflecting a 7% increase year-on-year, with earnings per share rising by 12% [1][2] Financial Performance - New business value reached $4.712 billion, up from $4.034 billion, marking an 18% increase [2] - Annualized new premiums increased to $860.6 million from $765 million, a 14% rise [2] - Operating profit after tax rose to $6.605 billion from $6.213 billion, a 7% increase [2] Regional Performance - AIA's Hong Kong business contributed significantly to new business performance, with new business value growing by 23% to $1.764 billion [3][4] - The Chinese mainland business saw a 20% increase in new business value, reaching $1.217 billion [3][4] - Thailand and Singapore also showed strong growth, with new business values increasing by 15% and 15% respectively [4] Strategic Initiatives - AIA is actively expanding its operations in mainland China, with new branches approved in Anhui, Shandong, Chongqing, and Zhejiang [4] - The company holds a 24.99% stake in China Post Life Insurance, enhancing its growth opportunities in mainland China [5] - AIA's CEO highlighted the diversified growth across all reporting segments, with a focus on profitability and cash flow [6] Shareholder Returns - AIA announced a new share buyback program of $1.6 billion, expected to be completed by 2025 [1] - The final dividend per share increased by 10% to 130.98 Hong Kong cents [1][2] - The company's basic earnings per share rose by 10%, reflecting strong financial health [6]