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
Maternity leave is a temporary period of absence from employment granted to expectant or new mothers during the months immediately before and after their pregnancy. Parental leave, including maternity, paternity and adoption leave, is an employee benefit. Many countries around the world, including... Texas, the second largest state in the U.S., has four of the five fastest-growing cities in the U.S., according to new population estimates released Thursday by the U.S. Census Bureau for the twelve months up to July 1, 2016. Ten of the fifteen fastest growing large U.S. cities during that 12-month span were in the South, according to the Census Bureau. To book-lover's surprise, online retailer Amazon opened another bricks and mortar store in an upmarket shopping mall in New York. This is the seventh book store of Amazon.
comments powered by Disqus
Follow RTT