Half Year 2023 AIA Group Ltd Earnings Call (Pre-Recorded) Transcript
Good morning from Hong Kong, and welcome to AIA's Interim Results Presentation for 2023. I'm delighted to announce very strong results in the first half with excellent new business momentum and growth in all of our key financial metrics. Let me provide some highlights from the results.
AIA's unrivaled distribution platform has powered a very strong acceleration of sales momentum in the first half. VONB grew by 37% for the group. AIA Hong Kong delivered an outstanding performance, more than doubling its VONB, and we delivered double-digit growth in Mainland China, ASEAN and TATA AIA Life in India. Our excellent new business performance contributed to growth in EV equity to $70.6 billion, and operating ROEV of 13.3%, up nearly 4 percentage points from the full year 2022.
Our large and diversified in-force portfolio drove growth in operating profit after tax and underlying free surplus generation. And our operating return on equity increased by 120 basis points to 14.2%. The group's capital position
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