AIA releases interim results: H1 net profit up 69% to US$4.29 billion, unveils updates to US$18 billion MTN programme

Bulletin Express
Aug 24

24 August 2026 – AIA Group Limited (AIA) has filed a supplemental offering circular for its US$18.00 billion Global Medium Term Note and Securities Programme, alongside reporting robust interim results for the six months ended 30 June 2026.

Financial highlights • Net profit attributable to shareholders jumped 69.4% year-on-year to US$4.29 billion. • Operating profit after tax (OPAT) grew 15.3% to US$4.16 billion, supported by a 15.0% rise in the insurance service result to US$4.04 billion. • Value of New Business (VONB) increased 13.2% to US$3.21 billion; VONB margin held at 57.1%. • Annualised New Premiums (ANP) climbed 14.4% to US$5.66 billion. • Embedded Value (EV) reached US$80.56 billion, up 4.9% from end-2025; EV Equity stood at US$83.40 billion. • Free surplus at 30 June 2026 was US$10.47 billion; underlying free surplus generation rose 10.2% to US$3.94 billion. • Group Local Capital Summation Method (LCSM) coverage ratio remained strong at 229% (31 December 2025: 233%).

Segment performance • AIA China VONB rose 26% to US$937 million. • AIA Hong Kong delivered 10% VONB growth to US$1.17 billion and OPAT of US$1.57 billion (+12%). • AIA Thailand VONB slipped 2% to US$514 million after a high prior-year base, while OPAT rose 14% to US$706 million. • AIA Singapore posted 14% VONB growth to US$294 million and OPAT of US$411 million (+16%). • AIA Malaysia achieved 21% VONB growth to US$232 million; OPAT increased 24% to US$261 million. • Other Markets contributed VONB of US$260 million (+4%) and OPAT of US$356 million (+5%).

Capital management • Interim dividend of HK$0.539 per share declared on 20 August 2026. • US$1.74 billion spent on share buy-backs in H1 2026 (164.34 million shares repurchased and cancelled). • Borrowings under the MTN programme totalled US$13.83 billion after the redemption of US$0.75 billion perpetual securities and a CNY3.00 billion subordinated issue during the period. • Total capitalisation stood at US$54.92 billion.

Supplemental offering circular • Dated 21 August 2026, the document updates the March 2026 base prospectus for AIA’s US$18.00 billion Global Medium Term Note and Securities Programme. • Instruments will continue to be offered only to professional investors and, where listed in Hong Kong, under Chapter 37 of the Listing Rules. • The Hong Kong Stock Exchange has not reviewed the content beyond prescribed disclosures; AIA confirms the notes are unsuitable for retail investors.

Board and auditor changes • Jack Chak-Kwong So retired as Independent Non-executive Director on 22 May 2026. • KPMG appointed external auditor for the year ending 31 December 2026.

No material adverse change has occurred in AIA’s financial or trading position since 30 June 2026.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10