Corporate Bond Portfolio and Investment Analysis
AIA Hong Kong: Sustainable and Growing MCV Business
MCV VONB
+64%
1Q23
2Q23
Quality Business with Increasing Protection Mix
Critical Illness Product Mix
AIA
(by no. of policies)
38%
33%
1Q23
>50% Protection
No. of policies
in 1H23
+5
pps
New Customers
(by VONB)
79%
59%
+20
pps
2Q23
1Q23
Stable Case Size
Average per policy
2Q23 vs 1Q23
Distribution Capabilities
Scaling for
Sustainable
Growth
1H23 New MCV-Focused Recruits
3.7x
Number ('000)
2Q23
Geographically Diverse
~60% of policies from
outside GBA in 1H23
Mainland Chinese Visitor Arrivals (1)
Daily Average in 2023
120
80
40
0
Jan
Feb
Mar
Apr May
Jun
Jan Feb Mar Apr May Jun Jul Aug
MTD
12
Note:
(1)
Sources: Tourism statistics, Hong Kong Tourism Board (Jan - Jun 2023) and daily passenger traffic statistics, Immigration Department of HKSAR Government, as of 22 Aug 2023 (Jul Aug 2023 MTD)View entire presentation