AIA reports strong first half 2025 growth, boosts dividends

AIA Group Limited announced robust financial results for the first half of 2025, with Value of New Business (VONB) increasing by 14% to $2.838 bn, driven by growth in 13 out of 18 markets. The VONB margin also expanded by 3.4 percentage points to 57.7%. Operating profit after tax (OPAT) grew by 12% per share to $3.609 bn, supported by a 19% increase in insurance service result to $3.517 bn. The company is on track to achieve its OPAT per share CAGR target of 9% to 11% from 2023 to 2026.

Underlying free surplus generation (UFSG) rose by 10% per share to $3.569 bn. In line with its progressive dividend policy, AIA increased its interim dividend by 10% to HK$0.49 per share. Total returns to shareholders, including dividends and share buy-backs, amounted to $3.710 bn in the first half. The shareholder capital ratio remained strong at 219% as of June 30, 2025.

The Premier Agency channel's VONB increased by 17% to $2.220 bn, while partnership distribution saw an 8% VONB increase to $804 m. AIA China's VONB increased by 10% (before economic assumption changes), with new geographies contributing 36% growth. AIA Thailand reported exceptional VONB growth of 35% to $522 m.