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AIA Group Ltd (1299.HK)

1299.HK on Hong Kong Stock

71.15HKD
7 Aug 2020
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Latest Key Developments (Source: Significant Developments)

Aia Group Announces Appointment Of Lee Yuan Siong As An Executive Director
Thursday, 28 May 2020 

May 28 (Reuters) - AIA Group Ltd <1299.HK>::AIA GROUP- ANNOUNCES APPOINTMENT OF LEE YUAN SIONG AS AN EXECUTIVE DIRECTOR.AIA GROUP- ANNOUNCES RETIREMENT OF NG KENG HOOI AS AN EXECUTIVE DIRECTOR.  Full Article

Aia Group Says Q1 Value Of New Business Margin 56.6%
Friday, 15 May 2020 

May 15 (Reuters) - AIA Group Ltd <1299.HK>::Q1 VALUE OF NEW BUSINESS MARGIN 56.6% VERSUS 63.6%.Q1 ANNUALISED NEW PREMIUMS $1,483 MILLION VERSUS $1,827 MILLION.Q1 VALUE OF NEW BUSINESS $841 MILLION VERSUS $1,169 MILLION.IN Q1 2020, MOST SIGNIFICANT IMPACT OF PANDEMIC ON CO WAS TO NEW BUSINESS SALES IN BUSINESSES IN HK & MAINLAND CHINA.."IN MAINLAND CHINA, SEEN SIGNIFICANTLY STRONGER SALES IN MARCH THAN IN FEBRUARY".EXPECT CONTAINMENT MEASURES WILL HAVE SIGNIFICANT NEGATIVE IMPACT ON NEW BUSINESS SALES FROM AFFECTED OPERATIONS.SOME OF OUR MARKETS ARE EXPERIENCING SIGNIFICANTLY LOWER INTEREST RATE ENVIRONMENT & EQUITY MARKET DECLINES.AIA GROUP - AIA HONG KONG REPORTED SUBSTANTIAL DECLINE IN VONB IN Q1."INDIRECT IMPACTS OF COVID-19 PANDEMIC DROVE AN OVERALL 27 PER CENT DECLINE IN AIA'S VONB IN Q1 OF 2020".DESPITE NEAR-TERM HEADWINDS, REMAIN VERY OPTIMISTIC ABOUT LONG-TERM OUTLOOK.ANTICIPATE THAT AT LEAST ONE FACE-TO-FACE MEETING WILL CONTINUE TO BE IMPORTANT IN NEW BUSINESS SALES PROCESS.  Full Article

AIA Group Says Application Made To Stock Exchange For Listing Of Us$1 Billion 3.375 Per Cent Notes Due 2030
Tuesday, 7 Apr 2020 

April 7 (Reuters) - AIA Group Ltd <1299.HK>::AIA GROUP LTD- APPLICATION MADE TO STOCK EXCHANGE OF HONG KONG LIMITED FOR LISTING OF US$1 BILLION 3.375 PER CENT NOTES DUE 2030.AIA GROUP LTD - LISTING OF AND PERMISSION TO DEAL IN NOTES IS EXPECTED TO BECOME EFFECTIVE ON OR ABOUT 8 APRIL.AIA GROUP - NOTES TO BE ISSUED UNDER US$8 BILLION GLOBAL MEDIUM TERM NOTE AND SECURITIES PROGRAMME OF CO.  Full Article

CBA Says Received Further Proceeds Of $865 Mln For Divestment Of Life Insurance Business
Wednesday, 1 Apr 2020 

April 1 (Reuters) - Commonwealth Bank of Australia ::RECEIVED FURTHER PROCEEDS OF ABOUT $865 MILLION UNDER REVISED TRANSACTION PATH FOR PLANNED DIVESTMENT OF CBA'S AUSTRALIAN LIFE INSURANCE BUSINESS.PROCEEDS BRING AGGREGATE PROCEEDS RECEIVED TO DATE TO $1.6 BILLION.PROCEEDS RESULT IN A PRO FORMA INCREASE TO GROUP'S CET 1 RATIO OF ABOUT 19 BASIS POINTS ON AN APRA BASIS AS AT 31 DEC 2019.STEPS TOWARDS COMPLETION OF DIVESTMENT OF COMMINSURE LIFE CONTINUE TO BE PROGRESSED IN LINE WITH PREVIOUS ANNOUNCEMENTS.  Full Article

AIA Group Says Value Of New Business Grew 6% To US$4,154 Mln In FY
Thursday, 12 Mar 2020 

March 12 (Reuters) - AIA Group Ltd <1299.HK>::ANNOUNCES 10 PER CENT GROWTH IN FINAL DIVIDEND TO 93.30 HONG KONG CENTS PER SHARE.FY ANNUALISED NEW PREMIUMS (ANP) UP 2 PER CENT TO US$6,585 MILLION.FY VONB MARGIN INCREASED BY 3.0 PPS TO 62.9 PER CENT.FY OPERATING PROFIT AFTER TAX (OPAT) UP BY 9 PER CENT TO US$5,741 MILLION.IN FY, 6 PER CENT GROWTH IN VALUE OF NEW BUSINESS (VONB) TO US$4,154 MILLION.IN FY, 16 PER CENT GROWTH IN VONB EXCLUDING HONG KONG.ASIAN ECONOMIES CONTINUED TO DELIVER SOLID GROWTH IN 2019 WITH EXCEPTION OF HONG KONG WHICH WAS AFFECTED BY SOCIAL UNREST IN SECOND HALF.IN FY, 5 PER CENT VONB REDUCTION IN HONG KONG REFLECTED DECLINE IN SALES FROM MAINLAND CHINESE VISITORS IN H2 OF 2019.IN Q1 OF 2020, A NUMBER OF CO'S MARKETS ARE FACING HEADWINDS FROM LOWER INTEREST RATE ENVIRONMENT AND IMPACT OF COVID-19.EXPECTATION IS FOR A TEMPORARY BUT SIGNIFICANT DISRUPTION IN NEARTERM."WE HAVE SEEN A SIGNIFICANT DISRUPTION IN GROUP'S NEW BUSINESS SALES IN Q1 FROM REDUCED FACE-TO-FACE INTERACTIONS".SPEED OF RECOVERY AND EXTENT OF ANY LONG-TERM IMPACT REMAIN UNCERTAIN BUT WILL DEPEND ON DURATION AND SEVERITY OF COVID-19 OUTBREAK.HAVE NOT SEEN ANY UNUSUAL PATTERNS OF CLAIMS TO DATE IN MAINLAND CHINA."HAVE SEEN A SIGNIFICANT DISRUPTION IN GROUP'S NEW BUSINESS SALES IN Q1 GIVEN TRAVEL RESTRICTIONS".  Full Article

AIA Group Says Ng Keng Hooi To Retire As Chief Executive And President
Friday, 22 Nov 2019 

Nov 22 (Reuters) - AIA Group Ltd <1299.HK>::NG KENG HOOI TO RETIRE AS AIA GROUP CHIEF EXECUTIVE AND PRESIDENT.NG KENG HOOI TO BE SUCCEEDED BY LEE YUAN SIONG.LEE YUAN SIONG HAS BEEN APPOINTED GROUP CHIEF EXECUTIVE AND PRESIDENT DESIGNATE WITH EFFECT FROM 1 MARCH 2020.TERM OF LEE'S SERVICE CONTRACT WILL BE FOR 3 YEARS FROM 1 MARCH 2020 AND CO HAS AN OPTION TO RENEW WITH HIM FOR FURTHER THREE YEARS.  Full Article

ASIC Says CommInsure Charged With Hawking Offences
Friday, 4 Oct 2019 

Oct 4 (Reuters) - Australian Securities & Investments Commission::COMMINSURE CHARGED WITH HAWKING OFFENCES.COLONIAL MUTUAL LIFE INSURANCE SOCIETY, TRADING AS COMMINSURE, CHARGED WITH 87 COUNTS.COMMINSURE CHARGED WITH 87 COUNTS OF OFFERING TO SELL INSURANCE PRODUCTS IN THE COURSE OF NON-COMPLIANT UNSOLICITED TELEPHONE CALLS..MAXIMUM PENALTY FOR EACH OF CHARGES IS 125 PENALTY UNITS ($21,250).MATTER HAS BEEN LISTED FOR FIRST MENTION ON 19 NOV 2019 AT THE DOWNING CENTRE LOCAL COURT IN SYDNEY.  Full Article

AIA Group Says Q1 Value Of New Business $1,169 Mln
Friday, 10 May 2019 

May 10 (Reuters) - AIA Group Ltd <1299.HK>::REPORTS 11 PER CENT INCREASE IN ANNUALISED NEW PREMIUMS (ANP) TO US$1,827 MILLION IN Q1.Q1 VALUE OF NEW BUSINESS (VONB) $1,169 MILLION VERSUS $1,021 MILLION.VONB MARGIN UP 4.1 PPS TO 63.6 PER CENT IN Q1.  Full Article

AIA Group Made Application For Listing Of US$1 BLN 3.60 Percent Notes Due 2029
Tuesday, 9 Apr 2019 

April 9 (Reuters) - AIA Group Ltd <1299.HK>::APPLICATION HAS BEEN MADE TO STOCK EXCHANGE OF HONG KONG LIMITED FOR LISTING OF US$1 BILLION 3.60 PER CENT. NOTES DUE 2029.LISTING OF AND PERMISSION TO DEAL IN NOTES IS EXPECTED TO BECOME EFFECTIVE ON OR ABOUT 10 APRIL 2019.  Full Article

AIA Group Says FY VONB US$3,955 Mln, Up 22 Pct
Friday, 15 Mar 2019 

March 15 (Reuters) - AIA Group Ltd <1299.HK>::FY 22 PER CENT GROWTH IN VONB TO US$3,955 MILLION.FY ANNUALISED NEW PREMIUMS BY 15 PER CENT TO US$6,510 MILLION.FY VONB MARGIN UP 3.7 PPS TO 60.0 PER CENT.ANNOUNCES 14 PER CENT GROWTH IN FINAL DIVIDEND TO 84.80 HONG KONG CENTS PER SHARE.FY OPERATING PROFIT AFTER TAX UP BY 13 PER CENT TO US$5,298 MILLION.ANNOUNCES A SPECIAL DIVIDEND OF 9.50 HONG KONG CENTS PER SHARE.  Full Article

China approves AIA application to convert mainland branches into life insurance unit

BEIJING China's banking and insurance regulator said on Friday that it had approved an application by insurer AIA Group Ltd to convert all its branches in mainland China into a wholly-owned life insurance subsidiary to be headquartered in Shanghai.