Corporate Bond Portfolio and Investment Analysis
AIA China: Strong Momentum Across Channels
AIA China VONB YoY Growth
Gradual Easing
of Restrictions
Omicron
Peak
Reopening
+29%
YoY Growth
AIA
Premier Agency: Increasing Agent Productivity, Growth in Protection
+17%
VONB per
active agent
in 1H23
+22% VONB
YoY Growth
in Feb-Jun 23
+26%
+22%
VONB per
active new agent
New recruit
income
in 1 H23
in 1H23
+7% Critical Illness
VONB YOY Growth
in Feb-Jun 23
>50% Protection
No. of policies
in 1H23
3Q22
Oct 22
Nov 22
Dec 22
Jan 23
Feb-Jun 23
+14%
1H23 YoY Growth
Excellent Progress in New Operations
+36%
Agency VONB
+44%
Tianjin, Shijiazhuang, Sichuan, Hubei and Henan
Partnerships:
Incremental Growth
>3x 中国邮政储蓄银行
POSTAL SAVINGS BANK OF CHINA
■
4% of AIA China Agency VONB
Launched operations in Henan in May
~2x New recruits in 1H23
Partnership
VONB
BEA東亞銀行
Active agents
Note: For 1H23 unless otherwise stated
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