In the first quarter, AIA Group's new business value increased by 13% to USD 1.497 billion
AIA Group's new business value in the first quarter of 2025 increased by 13% to USD 1.497 billion, with annualized new premiums growing by 7% to USD 2.617 billion. The new business value margin rose to 57.5%, and the marginal growth of new business contracts increased by 16%. CEO Lee Yuanxiang stated that AIA Group continues to maintain growth momentum based on its outstanding performance in 2024, driven by a diversified business model and market demand, resulting in an 8% increase in the number of agents
According to the announcement from AIA Group (01299), in the first quarter of 2025, the growth rate is presented based on fixed exchange rates. The new business value increased by 13% to USD 1.497 billion, the annualized new premium grew by 7% to USD 2.617 billion, the new business value profit margin increased by 3.0 percentage points to 57.5%, the marginal growth of new business contract services rose by 16%, and the shareholder capital ratio remained strong, comfortably exceeding 200%.
AIA Group's CEO and President Lee Yuanxiang stated:
"AIA is built on excellent performance in 2024, maintaining growth momentum in the first quarter of 2025, recording USD 1.5 billion in new business value, an increase of 13% compared to last year's record high quarterly performance. Our ability to continuously and significantly seize profitable new business opportunities relies on the group's highly diversified and resilient business model, as well as the growing market demand for AIA's products and services."
"AIA's 'best agents' are a key pillar of our growth strategy, contributing over 75% of the new business value in the first quarter of 2025. We continuously enhance our market coverage through strong and high-quality recruitment, supporting an overall active agent growth of 8%. Our unique agency model focuses on building long-term customer relationships, driven by leading digital platforms, which further enhances agent activity and productivity while maintaining a diversified and resilient product portfolio."
"Our experienced management team is committed to building a long-term, sustainable quality business and continues to focus on executing our strategic priorities, enabling the group to achieve strong performance in a volatile global capital market environment and to seize the robust fundamental growth momentum in Asia's most attractive life and health insurance market. I firmly believe that AIA, with its strong competitive advantages, will continue to create long-term, sustainable value for all stakeholders."
