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AIA profit rises 12% in first half on mainland visitors’ buying spree

AIA Group, Asia’s largest insurer, posted a 12 per cent growth in first-half operating profit, buoyed by mainland Chinese customers buying insurance policies during their visits to Hong Kong.

For the first six months of the year, operating profit on a constant currency basis reached US$3.61 billion, with earnings per share reaching 33.94 US cents, according to a stock exchange filing on Thursday. The results align with market estimates.

The value of new business (VONB), a key indicator of sales and future growth, rose 14 per cent to US$2.84 billion, exceeding market expectations of a 13 per cent increase to US$2.78 billion. Out of the 18 markets in which AIA operates, 13 reported positive growth in new business.

“AIA has delivered an excellent operating and financial performance in the first half of 2025, demonstrating that we have the right strategic priorities to leverage the unparalleled opportunities for life and health insurance in Asia,” said CEO and president Lee Yuan-siong. He will host a media briefing at noon following the earnings release.

“Asia is the most attractive region in the world for life and health insurance,” Lee added. “The strong fundamental growth drivers of rising wealth, low insurance penetration levels and limited social welfare coverage continue to power the long-term exceptional prospects of AIA’s business.”

Insurance sales agents approach mainland Chinese tourists on Tsim Sha Tsui’s Canton Road. Photo: Eugene Lee
Insurance sales agents approach mainland Chinese tourists on Tsim Sha Tsui’s Canton Road. Photo: Eugene Lee

AIA’s shares dipped 0.1 per cent to HK$73.6 in early trading on Thursday, following the earnings announcement. The insurer’s shares have surged 34 per cent so far this year, outperforming the Hang Seng Index, which has gained 25 per cent.


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