HONG KONG (Yosefardi) – Insurance giant AIA Ltd reported 19% growth of operating profit before tax (OPBT) to US$1.56 billion in the first six months ended May 31, 2013.
AIA’s OPBT in Thailand grew 10% to US$340 million in the period, while Malaysia jumped 75% to US$163 million. Other market’s OPBT increased by 45% from strong business growth and improved margins in the Philippines and Indonesia.
AIA reported 30% growth in number of active in-branch insurance specialists in Indonesia during the period. “Agency VONB growth benefited from higher margins and shift in product mix,” AIA said in an interim report.
AIA is one of the largest insurance groups in the world with total assets of US$147 billion as of May 31, 2013. It serves more than 27 million individual policies and over 16 million participating members of group insurance schemes.