Half Year 2024 AIA Group Ltd Earnings Presentation (Pre-Recorded) Transcript

Aug 22, 2024 / NTS GMT

Release Date Price: $27.72 (+4.80%)

Transcript

Yuan Siong Lee

AIA Group Ltd - President, Group Chief Executive Officer, Executive Director

Good morning from Hong Kong, and welcome to AIA's 2024 interim results presentation. We have delivered excellent financial results with double-digit growth across our key operating financial metrics for new business, earnings, and cash generation.

VONB grew 25% to a record $2.5 billion in the first half, driving a substantial uplift in operating return on EV to 16.5%. AIA's ability to deliver successive layers of profitable new business has accelerated growth in earnings and cash generation with both OPAT and UFSG up by 10% per share. Higher earnings and proactive capital management supported an increase in operating ROE to 15.3%.

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