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AIA group and S'pore division report firm growth for FY17

AIA Singapore clocks 12% rise in operating profit after tax to US$504m

Michelle Quah

Michelle Quah

Published Tue, Feb 27, 2018 · 09:50 PM
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Singapore

PAN-ASIAN life insurance group AIA and its Singapore division turned in a strong performance for the 2017 financial year.

AIA Singapore reported a 12 per cent increase in operating profit after tax to US$504 million (S$664 million) for the year ended Nov 30, 2017, thanks to growth in the scale of its high-quality in-force portfolio, it said on Tuesday.

It also reported US$311 million worth of value of new business (VONB) - a measure of expected prof…

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