加速布局内地市场，成为友邦保险集团管理层的共识。 近日，友邦保险集团首席执行官兼总裁李源祥，友邦保险区域首席执行官、友邦人寿董事长张晓宇接受媒体采访时表 示，中国内地是友邦保险最重要的市场，拥有巨大的潜力。友邦人寿已启动新机构加速计划，目前正在推进中。 内地市场已连续多年成为友邦保险强势发展的重要引擎，这一趋势仍在持续。2025年上半年，友邦保险在中国内地实现 新业务价值7.43亿美元，税后营运溢利达到8.73亿美元，在友邦保险各市场分部中位列第二。 友邦保险在香港联合交易所主板上市，是专注于亚洲的上市人寿保险集团。友邦人寿是友邦保险全资持股的寿险子公 司。此外，友邦保险还持有中邮人寿24.99%股权。 坚定看好市场潜力 "中国内地是友邦保险最重要的市场，我们看到巨大的潜力。自2019年以来，我们又新增了9个地区，目前在中国内地共 14个地区运营业务，这大大扩大了我们可触达的客户市场。"李源祥表示。 "这是我们在内地人寿保险行业最大的一笔直接投资。除了资金投入，我们也提供技术支持给中邮保险，派专家队伍到中 邮保险与管理团队共同工作，帮助公司成功转型。"李源祥如是表示。 对中邮保险的投资是友邦保险进一步挖掘内地 ...

Core Insights - AIA Group reported a new business value of $2.838 billion for the first half of 2025, representing a 14% year-on-year increase, with a new business value margin rising by 3.4 percentage points to 57.7% [2][4] - In mainland China, AIA's new business value reached $743 million, showing a 10% growth before accounting for economic assumption changes, with a second-quarter acceleration to 15% year-on-year growth [5][6] - AIA plans to expand into one to two new regions in mainland China annually, capitalizing on significant growth potential in early-stage markets [6][7] Financial Performance - AIA's after-tax operating profit for the first half of 2025 was approximately $3.609 billion, with earnings per share increasing by 12% [2] - The new business value in the Hong Kong market was $1.063 billion, marking a 24% increase, while Thailand's market saw a 35% growth to $522 million [4][5] Market Expansion Strategy - AIA's new regions contributed to a 36% year-on-year increase in new business value since 2019, with a compound annual growth rate exceeding 40% over the past three years [6][7] - The company has established a team of over 1,700 new agents in newly opened regions, targeting a customer base of 100 million [6] Product Strategy - AIA is shifting its investment management to a dedicated asset management company, AIA Asset Management, set to launch by the end of this year [3][9] - The company is optimizing its product structure, with 87% of new business value from long-term savings products coming from participating products, which provide higher expected long-term returns [8][10]

Core Viewpoint - AIA's subsidiary, AIA Life, has demonstrated strong growth in the Chinese insurance market, with several key operational indicators showing steady improvement in the first half of 2025 [1][2]. Group 1: Financial Performance - AIA Life achieved insurance business revenue of RMB 49.708 billion in the first half of 2025, representing a year-on-year growth of 14.1% [2]. - The new business value for the first half of 2025 was USD 743 million, with a 10% increase before accounting for economic assumption changes, and a 15% growth in the second quarter [2]. - The new business value margin was 58.6%, an increase of 2 percentage points year-on-year [2]. - As of the end of the second quarter of 2025, AIA Life's comprehensive solvency adequacy ratio was 410.03%, and the core solvency adequacy ratio was 287.82%, maintaining a AAA risk rating for two consecutive quarters [2]. Group 2: Market Potential - By 2030, the middle class and affluent population in mainland China is expected to exceed 550 million, with a significant increase in the aging population, projected to reach 40% by 2050 [3][5]. - There is a substantial gap in health and pension insurance, with a life insurance protection gap exceeding USD 600 billion and a health insurance protection gap exceeding USD 1.4 trillion by 2024, accounting for 50% of similar gaps across Asia [3][5]. Group 3: Competitive Advantages - AIA Life's marketing agent team is a key competitive advantage, with the average new business value per agent in 2024 being 2.9 times higher than the industry average [8]. - Since 2017, the new business value generated by AIA Life's agents has increased by 60%, while the market has declined by over 40% during the same period [10]. - AIA Life focuses on customer lifetime value with a differentiated product portfolio that meets various life stage needs, with over 90% of agents selling protection policies [11][13]. Group 4: Innovation and Technology - AIA Life has upgraded its "Health You Walk" app to "AIA You Share," transforming it into a comprehensive digital platform for customer interaction, facilitating over 5 million online customer interactions in 2024 [23][25]. - The integration of artificial intelligence in the "AIA You Share" platform has improved customer resource integration and marketing efficiency, achieving a 19% conversion rate for high-intent customer leads [25][30]. Group 5: Strategic Expansion - AIA Life plans to expand into new markets, targeting 1-2 new provinces annually from 2025 to 2030, with a goal of achieving a compound annual growth rate of 40% in new business value in these regions [35]. - The company has established 14 provincial-level institutions and aims to leverage its marketing channels and differentiated bancassurance models to drive growth in new markets [33][35].