AIA Group Delivers Record Q3 with 25% VONB Growth 📈
• Value of New Business (VONB) soared 25% (at constant exchange rates) to US$ 1.48 Bn, marking a record for the third quarter. • VONB margin significantly increased by 5.7 percentage points to 58.2%, driven by a favorable product mix. • Annualised New Premiums (ANP) and Total Weighted Premium Income (TWPI) both grew 14%, reaching US$ 2.55 Bn and US$ 11.91 Bn, respectively. Distribution Performance: • The industry-leading Premier Agency channel (generating over 70% of VONB) saw 19% growth, supported by a strong 18% rise in new agent recruitment. • Fast-growing Partnership distribution achieved excellent 46% growth, led by IFA/broker and bancassurance businesses. Regional Strength: • Broad-based double-digit VONB growth was achieved across major regions, including Hong Kong, Mainland China, ASEAN, and India (11 of 18 markets overall). • ASEAN markets collectively delivered 15% higher VONB, supported by both distribution channels. • Tata AIA Life in India maintained its number one industry ranking in retail protection.