logo
Share SHARE
FONT-SIZE Plus   Neg

AIA Group Full Year Net Income Drops 41%

Asian insurance company AIA Group Ltd. reported that its full year net income declined 41% to $1.6 billion from $2.7 billion a year earlier.

IFRS operating profit after tax rose 13% to $1.92 billion or 16 cents per share from $1.7 billion or 14 cents per share in the prior year.

AIA, which is owned by American International Group Inc. (AIG), said its new-business value rose 40% to $932 million from prior year's $667 million.

During the period, the insurer's value-of-new-business margin increased 4.6 percentage points to 37.2%, and annualized-new-premium sales were up 22% at $2.47 billion.

The company plans to pay a final dividend of 22 Hong Kong cents a share, making the full year total dividend payout 33 Hong Kong cents per share.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of easyJet Plc were gaining around 6 percent in the morning trading in London after the airline reported higher revenues, traffic and capacity in its fiscal 2017, despite weak profit. Looking ahead, the company projects capacity growth in fiscal 2018. Following his twelve-day trip to Asia, President Donald Trump announced Monday the U.S. is putting North Korea back on a list of state sponsors of terrorism. Trump announced the move in comments ahead of a Cabinet meeting and said his administration would also be ramping up sanctions on North Korea. Volkswagen plans to invest about 22.8 billion euros in its core brand from 2018 to 2022, with main focus on e-mobility and modularization. In a statement on Saturday, the German automaker announced that the investments, as part of the brand's Transform 2025+ strategy, will significantly boost the brand's largest product and technology offensive.
comments powered by Disqus
Follow RTT