AIA Group Ltd (HKSE:01299)
HK$ 59 -1.55 (-2.56%) Market Cap: 641.36 Bil Enterprise Value: 678.51 Bil PE Ratio: 17.51 PB Ratio: 2.13 GF Score: 45/100

Full Year 2022 AIA Group Ltd Earnings Call (Pre-Recorded) Transcript

Mar 10, 2023 / 12:00AM GMT
Release Date Price: HK$81.55 (-4.62%)
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 2022. As you have seen from this morning's announcement, we have delivered a resilient performance with strong growth momentum returning in the second half. We have successfully navigated through a challenging year for the region given the impacts of COVID-19 restrictions. And I firmly believe that the long-term prospects for AIA's business remain as clear and strong as ever.

I have full confidence that the execution of our growth strategy, combined with our unmatched financial flexibility will enable AIA to capture the immense opportunities ahead. as our markets rebound from the pandemic. I will now take you through the highlights.

New business momentum improved strongly in the second half of 2022. As the effects of the initial Omicron wave subsided and normal activities resumed. VONB for the group was up by 6% in the second half with positive growth in our 5 largest markets. For the full year, VONB

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