Full Year 2021 AIA Group Ltd Earnings Call Transcript
Good morning from Hong Kong, and welcome to our 2021 annual results presentation. I hope that you are staying safe and well. I'm incredibly proud of how AIA's employees, agents and partners have responded with dedication and care for our customers during the ongoing pandemic while delivering strong financial results for our shareholders.
Today's announcement demonstrates AIA's unique ability to deliver VONB, earnings and cash. We have achieved growth in all of our key financial metrics. We increased our dividend for the year by 8%, and we have demonstrated our ongoing commitment to shareholder value through a USD 10 billion buyback. Let me now take you through the highlights.
VONB increased by 18% to more than $3.3 billion. Our large and growing in-force portfolio supported further growth in operating profit after tax and underlying free surplus generation, with both exceeding $6.4 billion in 2021. Our financial position is very strong with free surplus of $24.8 billion on a pro forma basis. EV
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