27-02-2018, 12:02 PM
Last traded price as at Feb 27, 2018 11:45 AM GMT+8 : 66.05 HKD Up 2.90 HKD (4.59%)
Basic earnings per share were 51 US cents, up 47 per cent year on year.
AIA 2017 earnings top estimates, new business value at record high
Value of new business, a key gauge of the insurer’s future profitability, jumped 28 per cent to a record US$3.51b, while net profit increased 48pc to US$6.12b
By Laura He
PUBLISHED : Tuesday, 27 February, 2018, 8:42am
UPDATED : Tuesday, 27 February, 2018, 9:05am
AIA Group, the largest pan-Asian life insurer, on Tuesday reported better-than-expected earnings for 2017, while a key gauge of the company’s future profitability hit a new high, thanks to continued strong growth in new business in China and Hong Kong and a surge in investment returns because of capital market gains.
Net profit jumped 48 per cent to US$6.12 billion for the twelve months ended November 30 on a constant exchange rate basis, compared with US$4.16 billion a year earlier, the company said in a filing to the Hong Kong stock exchange.
On an actual exchange rate basis, profit increased 47 per cent from a year earlier.
Previously, market estimates for 2017 net profit were between US$4.5 billion and US$5.8 billion, up 8 per cent to 39 per cent from a year earlier.
More details in http://www.scmp.com/business/investor-re...ness-value
Basic earnings per share were 51 US cents, up 47 per cent year on year.
AIA 2017 earnings top estimates, new business value at record high
Value of new business, a key gauge of the insurer’s future profitability, jumped 28 per cent to a record US$3.51b, while net profit increased 48pc to US$6.12b
By Laura He
PUBLISHED : Tuesday, 27 February, 2018, 8:42am
UPDATED : Tuesday, 27 February, 2018, 9:05am
AIA Group, the largest pan-Asian life insurer, on Tuesday reported better-than-expected earnings for 2017, while a key gauge of the company’s future profitability hit a new high, thanks to continued strong growth in new business in China and Hong Kong and a surge in investment returns because of capital market gains.
Net profit jumped 48 per cent to US$6.12 billion for the twelve months ended November 30 on a constant exchange rate basis, compared with US$4.16 billion a year earlier, the company said in a filing to the Hong Kong stock exchange.
On an actual exchange rate basis, profit increased 47 per cent from a year earlier.
Previously, market estimates for 2017 net profit were between US$4.5 billion and US$5.8 billion, up 8 per cent to 39 per cent from a year earlier.
More details in http://www.scmp.com/business/investor-re...ness-value
Specuvestor: Asset - Business - Structure.