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AIA's parent reports bumper profit

AIA’s Hong Kong-based parent company has reported a strong result for the 12 months to  with net after-tax operating profit up 12% to US$2.16 billion.

Thursday, February 28th 2013, 2:40PM

 

New Zealand is a small part of the operation and will present its results in several months time.

However, AIA New Zealand chief executive Wayne Besant says the parent company’s results are good for the company and its policyholders.

“At a local level, we also see significant opportunity for growth here in New Zealand.  With a diverse population that is increasingly reflective of the region as a whole, being part of a brand with such financial strength and over 90 years insurance experience across Asia-Pacific is a real advantage for our customers and for the wider insurance community here in New Zealand.”

AIA Group chief executive and president Mark Tucker says: “We continue to generate sustainable and profitable growth for our shareholders through the relentless execution of our proven growth strategy and our ability to leverage our leadership position in the world’s fastest-growing insurance markets.

“AIA is making great strides as the leading pan-Asian insurer and we have strong positions in each of our 16 markets throughout the Asia-Pacific region.”

"However, we know there is much more opportunity for growth throughout Asia. We will continue to deliver on our sustainable growth strategy by launching innovative new products, improving and expanding the quality and productivity of our distribution capability, leveraging our capital strength and brand positioning and empowering our operations to ensure that each market can provide tailored and differentiated services to meet local demand.”

AIA is the largest Hong Kong incorporated and headquartered company listed on the Hong Kong Stock Exchange.

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