AIA reports record VONB growth in Q3 2025

AIA Group Limited announced a record third quarter, with its Value of New Business (VONB) increasing by 25% on a constant exchange rate (CER) basis to $1,476 million for the three months ended 30 September 2025. This growth was broad-based, with double-digit VONB increases in 11 of its 18 markets, including Hong Kong, Mainland China, ASEAN, and India. The VONB margin improved by 5.7 percentage points (pps) to 58.2%, reflecting a favorable shift in product mix, while Annualised New Premiums (ANP) grew by 14% to $2,550 million.

The company's distribution channels were key drivers of this performance. Premier Agency VONB grew by 19%, supported by an 18% increase in new recruits. Partnership distribution channels also saw significant growth, with a 46% increase in VONB. AIA Hong Kong recorded a 40% rise in quarterly VONB, benefiting from strong growth in both domestic and Mainland Chinese visitor segments, and excellent performance from its bancassurance and IFA/broker channels.

AIA China delivered excellent VONB growth of 27%, with its Premier Agency growing 23% and new geographies contributing 11% of AIA China's VONB. Overall, new business contractual service margin (NB CSM) for the third quarter of 2025 increased by over 25%.