[Korea gimmingyeong financial newspaper reporter] AIA Group Board of Directors of the parent company AIA Group Limited announced that Korea points to achieve excellent performance once again in fiscal year 2016, ended November 30, 2016, date of the year.
The main results of the AIA Group as a fixed exchange rate is as follows:
Excellent performance achieved in new business value (VONB)
• New business value (VONB) has recorded a 28% increase in US $ 2.75 billion
• annualized initial premium (ANP) is a 31% increase in recorded US $ 5.123 billion
• New business value (VONB) record margin 52.8%
Robust operating profit
• IFRS operating profit after-tax basis (OPAT) recorded a 15% increase from US $ 3.981 billion
• IFRS operating profit per share based on a 15% increase from 33.25 cents US History
• embedded value (EV: Embedded Value) operating profit increased 19% recorded US $ 5.887 billion
• embedded value operating margin recorded 15.4%
Strong cash flow and achieving capital adequacy
• The potential earnings are 11 percent recorded US $ 4.024 billion
• retained earnings recorded US $ 9.8 billion
• Capital intrinsic value (EV Equity) was US $ 43.7 billion, embedded value (EV) is a record US $ 42.1 billion increased 12%
• Net remittances are recorded US $ 2.0 billion
• Hong Kong Insurance Companies Ordinance (HKICO) based, solvency ratio was 404% record
The final dividend achieve significant growth
• 25% increase in the final dividend per share to 63.75 Hong Kong cents recommendations
• The total dividend 23 percent to 85.65 HK cents per share recorded
Mark Tucker (Mark Tucker) AIA Group performance-related comments of President and CEO:
"AIA is also achieved an excellent performance once again in 2016. It showed a strong performance and increased breakthrough record operating profit growth was maintained even in retained earnings, etc., shareholder dividends. Today the key improvements of 28% of new business value of the earnings the previous year compared to solid profitability is AIA Asia strong fundamentals and fragmented and resilient business model and build a good sustainable business in the long-term achievements in Pacific Market the business activities are facets efforts to fruition.
Group Board of Directors has recommended a 25 percent increase year-on-year to 63.75 HK cents final dividend. Dividend increase is made possible by confidence in the future prospects of the excellent financial performance and AIA Group has shown over the last year.
Map AIA started the business in Asian markets slip has reached 100 years. A dramatic change in population structure and dynamic economy in Asia is unprecedented and unparalleled business opportunities whilst providing the life insurance industry. AIA believes that the favorable notice that thanks to robust sales channels, brand reputation, financial strength, excellent human resources to lead the Asian market.
AIA has already started business with a remarkable growth of the first two months of fiscal year 2017. AIA will gain a strong competitive advantage in the marketplace by offering a clear future strategic priorities, superior products and services, and actively help customers achieve long-term financial goals. Through AIA will be able together to keeping the growth with profitability, of course, expanding the long-term interests of shareholders and customers longer, healthier, better future, better designed to live a better life. "
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