The company’s results for the six months ending 31 May 2014 report a 23 per cent increase in new business to US$792 million.
A statement by AIA said it has also seen an 11 per cent increase in annualised new premium to US$1,690 million.
AIA president and chief executive Mark Tucker attributed the strong results to the Asia-Pacific’s attractive and resilient life insurance market.
“The Asia-Pacific region offers one of the most attractive and resilient life insurance markets in the world,” said Mr Tucker.
“A young and upwardly mobile population is driving rapid urbanisation and significant growth in disposable incomes across the region.”
AIA said that in addition it has had 15 per cent growth in IFRS operating profit after tax to US$1,457 million along with a US$2 billion increase in embedded value equity to US$36.9 billion, which is up 6 per cent.
The group said its board of directors has declared an interim dividend of 16 Hong Kong cents per share, representing an increase of 15 per cent over the previous year.
