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AIA (01299.HK) 2023 VONB US$4.034B, Up 30% on AER, In LineAIA (01299.HK) announced that in 2023, its value of new business (VONB) grew by 30% YoY to US$4.034 billion in actual exchange rate (AER) terms, in line with the forecasts of US$3.977 billion to US$4.067 billion made by the 10 brokers compiled by our reporters.
On a constant exchange rate (CER) basis, its VONB rose by 33%.
The Group recorded
insurance revenue of US$17.514 billion last year, up 7.3% YoY. Net profit elevated 13% to US$3.764 billion, with basic earnings per share of US$33 cents.
Related NewsRatings, TPs on AIA (01299.HK) (Table)
A final dividend per share of HK$119.07 cents was declared for 2023, compared to HK$113.4 cents for the same period in 2022.
Full-year dividend increased by 5% YoY to HK$161.36 cents, in line with the forecasts of HK$155 cents to HK$164 cents made by the 6 brokers compiled by our reporters.
Last year, US$3.6 billion was returned to shareholders through the share buyback programme.
During the period, the Group's IFRS operating profit after tax was US$6.213 billion, a YoY decrease of 3% in AER terms and 1% in CER terms.
Embedded value operating profit reached US$8.89 billion, lifting 30% YoY on an AER basis and 33% on a CER basis.
Geographically, the Group's VONB in Mainland China last year was US$1.037 billion, up 13% YoY in AER terms and 20% in CER terms.
In Hong Kong, VONB was US$1.43 billion last year, surging 82% YoY in both AER and CER terms.
Thailand VONB reached US$713 million, an AER growth of 22% YoY and a CER growth of 21%.
In March 2022, the Group announced a three-year share buyback programme of up to US$10 billion. Since the launch of the programme, about 740 million shares with a total value of US$7.207 billion had been repurchased at the end of December last year. All shares repurchased have since been cancelled.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
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