AIA reports profit growth

AIA said the growth in underlying profit was mainly a result of improved operating and claims experience reflecting its strategic focus on writing a high quality mix of business.

New business premiums increased by 6%.

Net profit after tax was $16.7 million.

AIA New Zealand chief executive Natalie Cameron said:  “Our continued success in 2014 was the result of management’s focus on several key areas. First, we re-engaged financial advisers in our core retail and group markets through targeted campaigning and initiatives to support their businesses and provide a seamless distribution and operations service proposition.