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NZ 'played part in AIA result'

AIA says its New Zealand arm has helped deliver a strong profit for the last financial year.

Wednesday, March 1st 2017, 3:00PM

The company has reported operating profit after tax up 15 per cent to US$3.99 billion ($5.54b) globally.

It had a 28% increase in the value of new business and a 31% increase in annualised new premiums.

AIA New Zealand pointed to the latest FSC data, which shows it recorded the strongest new business market share growth, from 5.4% to 10.3%, over the last two years to December 2016. 

“AIA Group has continued to perform well in 2016, and we are proud to be a part of that success in New Zealand,” chief executive Natalie Cameron said.

“We continue to focus on retention of our partnerships and grow through new relationships meeting the protection needs of the people in New Zealand. We look forward to an exciting year ahead in 2017 to continue working with our partners to engage people in New Zealand with respect to their life insurance needs.”

Tags: AIA

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