Mar 14, 2024 / 01:30AM GMT
Yuan Siong Lee - AIA Group Limited - Group Chief Executive, President & Executive Director
Good morning from Hong Kong, and a warm welcome to AIA's Annual Results Presentation for 2023. Today, AIA has announced a return to very strong, profitable new business growth with VONB up 33% to over $4 billion and ANP at a record high. New business growth is the key driver of the 37% increase in EV operating profit per share and a 350 basis point uplift in operating return on EV to 12.9%. Operating profit after tax was up 7% per share on an underlying basis.
We grew our CSM, the stock of future OPAT, by 8.4% on an underlying basis, and operating return on equity was up by 50 basis points to 13.5%. Strong capital generation saw free surplus increase by 25% before capital returns of $2.3 billion in dividends and $3.6 billion through the buyback.
None of these returns to shareholders, our capital position remains very strong with free surplus of $16.3 billion. Total dividend per share is up 5%, and we have returned $7.2 billion through our ongoing share buyback program. These results, again,
Full Year 2023 AIA Group Ltd Earnings Call Transcript
Mar 14, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers