AIA Singapore reports 15% rise in VONB for FY 2024

Annualised New Premium also rose by 52% YoY.

AIA Singapore reported a 15% year-on-year (YoY) increase in Value of New Business (VONB) for fiscal year 2024 (FY 2024), driven by double-digit growth in both agency and partnership distribution channels.

Annualised New Premium (ANP) rose 52% YoY to $897m in FY 2024, though the VONB margin decreased by 16.8 percentage points to 50.5% YoY due to a strategic shift toward long-term savings products aimed at the wealth segment.

Total Weighted Premium Income (TWPI) increased by 13% YoY.

Operating Profit After Tax (OPAT) saw a modest 1% YoY rise as increased business volume was offset by lower investment income on surplus assets, resulting from higher remittances to support AIA Group’s share buy-back programme, as well as weaker non-medical claims experience compared to 2023.

Follow the link s for more news on

AIA

Financial Statements

insurance

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

Specialty chemicals manufacturing facility on Jurong Island for sale

The fully equipped facility is clean and ready to be recommissioned.

Commercial Property

4 hours ago

September surge masks looming export slowdown to 6% in 2027

Maybank raised its 2026 forecast to 27% from 18% in the same report.Non-oil domestic exports (NODX) growth could slow to 6% in 2027 as supply chain pressures and higher financing costs weigh on shipment momentum, Maybank Research Pte Ltd said.

Economy

8 hours ago

Nearly half of workers report six or more unpaid hours a week, report says