坚定看好！友邦保险管理层：已启动新机构加速计划

Core Viewpoint - AIA Group is accelerating its expansion in the mainland China market, recognizing it as a crucial area with significant potential for growth [2][3]. Group 1: Market Potential and Expansion Strategy - Mainland China is identified as the most important market for AIA, with a substantial growth potential. Since 2019, AIA has added nine new regions, now operating in 14 areas [3]. - AIA's new business value in mainland China reached USD 743 million in the first half of 2025, with post-tax operating profit at USD 873 million, ranking second among AIA's market segments [2]. - The company aims for a compound annual growth rate (CAGR) of 40% for new business value from new regions between 2025 and 2030, driven by low insurance penetration and a strong agent network [3][8]. Group 2: Investment in Subsidiaries and Asset Management - AIA has made significant investments in China Post Insurance, becoming its second-largest shareholder with an investment of RMB 12.033 billion in 2022 [5]. - The registered capital of China Post Insurance increased to RMB 32.643 billion, making it the fourth-largest in the life insurance industry [5]. - AIA is establishing an asset management company to enhance investment strategies, aiming to professionalize asset allocation and collaborate with third-party investment institutions [6]. Group 3: New Institutional Development - AIA Life has launched a new institutional acceleration plan, opening new provincial branches in Anhui, Shandong, Chongqing, and Zhejiang, increasing the number of new institutions to nine since 2019 [8]. - The company has set a target of a 40% CAGR for new institutions over five years, supported by a solid business model and advanced technology [8][9]. - The active growth of new agents and supervisors is seen as a key factor for sustainable growth, with a reported 11% increase in active new agents and a 71% increase in new supervisors [9]. Group 4: Product Strategy in Low-Interest Environment - AIA is adapting to the low-interest-rate environment by managing interest rate risks and adjusting product structures to lower liability costs [10]. - The company emphasizes the importance of dividend insurance as a strategy to reduce interest rate sensitivity and provide better returns for clients [10][11]. - As of Q2 2025, 43% of new business value from the agent channel came from traditional protection products, 41% from dividend insurance, and 14% from tax-advantaged products [10].