The financial health of AIA Group has shown remarkable progress in the fiscal year ending 2024. The company experienced a significant surge in its consolidated net income, reaching $6.9 billion, representing an 81.2% increase compared to the previous fiscal year. This robust performance was accompanied by a notable rise in basic earnings per share, which climbed 87.9% to $0.62. Underlying these figures is a strong momentum in new business value, growing by 18% to $4.71 billion, fueled by double-digit growth across all segments.

Operational metrics also highlighted positive trends for AIA. Annualised new premiums reached $8.61 billion, marking a 14% year-on-year increase, while the margin on new business improved to 54.5%. Additionally, operating profit after tax stood at $6.61 billion, reflecting a 12% rise per share. These results align with AIA's strategic goal of achieving a compound annual growth rate between 9% and 11% in OPAT per share from 2023 to 2026. Analysts at Jefferies Equity Research noted that while these numbers meet market expectations, there are several noteworthy developments shaping AIA's trajectory.

AIA's achievements underscore its resilience and adaptability in a dynamic market environment. Despite challenges such as negative investment variances primarily due to Chinese yields and fee losses associated with Hong Kong’s Electronic Mandatory Pension Fund transition, the company remains optimistic. Record-high margins in Thailand, a strategic pivot towards wealth management in Singapore, and unexpected growth in other markets indicate a diversified approach to sustaining success. Furthermore, potential savings from reduced administrative expenses and opportunities for market consolidation may mitigate current headwinds, reinforcing AIA's competitive edge and long-term prospects.