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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.