Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

AIA Group Full Year Net Income Drops 41%

RELATED NEWS
Trade AIG now with 

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: Quote), 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.

Click here to receive FREE breaking news email alerts for American International Group, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
A number of major retailers will be open on Thanksgiving for early Black Friday shopping events. Kohl's department stores will kick off Black Friday sales two hours earlier this year, at 6 p.m. Thanksgiving Day, while Macy's, Bon-Ton and Best Buy will open at the same time. J.C. Penney and Sears... Twitter Inc. has replaced its head of product Daniel Graf just six months after luring him over from Google, according to multiple reports. Graf, previously known for his work leading Google Maps, will retain his vice president of product title and work on Twitter's geolocation features, the Wall... LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.