Core Viewpoint - AIA Group reported a 15% increase in new business value to USD 5.516 billion for the year ending December 31, 2025, driven by strong growth across most markets and a focus on high-quality, sustainable business growth [1][2] Group 1: Financial Performance - New business value rose 15% to USD 5.516 billion, with a strong contribution from protection and fee-based insurance products, accounting for 91% of the new business value [1] - After-tax operating profit reached USD 7.136 billion, with earnings per share increasing by 12% [1] - The return on equity for shareholders increased to 15.5%, up 70 basis points [1] Group 2: Business Growth Drivers - The exclusive agency channel achieved a 13% growth in new business value, supported by an increase in active agents and improved productivity [1] - Partnership distribution saw a 22% increase in new business value, with strong double-digit growth in both bancassurance and intermediary channels [1] - Annualized new premiums grew by 9% to USD 9.484 billion, with a new business value margin of 58.5%, up 3.6 percentage points from 2024 [2] Group 3: Dividend and Share Buyback - The board proposed a final dividend increase of 10% to HKD 1.4408 per share, bringing the total annual dividend to HKD 1.9308, a 10% increase from 2024 [2] - A new share buyback program of USD 1.7 billion was approved, including USD 700 million aligned with the target payout ratio of 75% of the generated free surplus [2] Group 4: Market Outlook - Despite geopolitical and macroeconomic uncertainties, Asia remains an attractive growth opportunity for the life and health insurance industry, driven by strong structural factors [2] - The company maintains a unique position to capitalize on existing opportunities due to its extensive regional presence and strategic focus [2] - The strong performance in 2025 reflects the effectiveness of the company's strategies in adapting to market needs and technological advancements [2]