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AIA has a strong year

AIA had a successful year increasing its net profit by 54% to $3.6 billion in the year to November 30, 2010.

Thursday, March 3rd 2011, 11:42AM

There was also strong growth in the value of new business which was up 22% to $897 million.

AIA Group chief executive and president Mark Tucker says 2010 was a very successful year for the AIA Group notwithstanding some notable distractions.

He says the 2010 results are a significant improvement over 2009 on all key measures with excellent profitability, driven by a strong existing in-force book of business and a material uplift in new business growth, particularly in the fourth quarter.

"Our very successful IPO marked a new beginning for AIA which, together with changes we implemented in the second half of 2010, has helped to unleash the potential of our business and create strong growth momentum going into 2011."

Tucker says AIA's focus for the year will include strengthening agency and partnership distribution channels, increasing their productivity, enhancing products and customer experience and transforming the organisation to be more nimble and customer focused.

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