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
London Stock Exchange Group plc (LSE.L) announced the European Commission has decided to prohibit the recommended all-share merger between LSEG and Deutsche Börse (DBOEY.PK, DBOEF.PK). Despite the remedies offered by the companies, the European Commission concluded that the merger would significantly... Tinder launched a web version of its dating app, called Tinder Online, mainly focusing users in developing markets with limited storage on their mobile phones. The company also aims users in places where mobile phones are not welcome, like class rooms. Instead of swiping, they can either drag a prospective match's card to the right or left. Art supply company Crayola is dropping one color from its 24-count crayon box for the first time in over one hundred years of its history. The company hasn't yet revealed which color would be retiring. The company will live stream the decision on Friday, March 31, known as National Crayon Day.
comments powered by Disqus
Follow RTT