Thought Leadership. AIA Reports Financial Results For 2019 ... Myanmar, a 99 per cent subsidiary in Sri Lanka, ... as previously disclosed in our Annual Report 2018. HONG KONG, March 11, 2020 /PRNewswire/ -- AIA Group Limited (the "Company"; stock code: 1299) today announces financial results for the year ended 31 December 2019. The Company recorded an after-tax profit of LKR 4,116 million during 2018 compared to the restated result of Rs. (9)   AIA's financial information in this Financial Summary is based on the audited consolidated financial statements and supplementary embedded value information for the year ended 31 December 2019, unless otherwise stated. Annual Report 2019. (3)   VONB is calculated based on assumptions applicable at the point of sale. Find out more. Telephone: +94(0) 11 231 0240. AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. Helping people live Healthier, Longer, Better Lives. ICC as a global body will continue to address many of the pressing global challenges facing trade and implementation of the SDGs. (7)   In the context of our reportable market segments, Hong Kong refers to operations in Hong Kong Special Administrative Region and Macau Special Administrative Region; Singapore refers to operations in Singapore and Brunei; and Other Markets refers to operations in Australia (including New Zealand), Cambodia, India, Indonesia, Myanmar, the Philippines, South Korea, Sri Lanka, Taiwan (China) and Vietnam. ANP and VONB margin exclude pension business and are before deduction of non-controlling interests. "Over the last century, AIA has successfully managed through many different economic cycles. View More > Interim Accounts. ... Until recently, Tejpreet was the President and CEO of General Electric in India, Sri Lanka and Bangladesh, and was responsible for directing GE's strategies for growth in these countries. Annual Report 2017. 28th February 2019 AIA INSURANCE LANKA PLC CONSOLIDATED INDEPENDENT ADVISOR’S REPORT Prepared by CAPITAL ALLIANCE PARTNERS LIMITED Level 05, Millennium House, 46/58, Nawam Mawatha, Colombo 02, Sri Lanka 9 MIN READ AIA Reports Financial Results For 2019. Privacy Statement Our thoughts are with the families and communities who have been affected by this public health emergency. At AIA we focus on developing best-in-class agents to offer the best advice and support to our customers. Find out how we have delivered on our commitments Watch the video Our performance. Cookie Policy The further growth in the membership of our wellness programmes to 1.7 million reflects our commitment to helping millions of people live Healthier, Longer, Better Lives. ANNUAL REPORT 2019 STARBURST HOLDINGS LIMITED ANNUAL REPORT 2019 Address : 6 Tuas View Circuit Singapore 637599 ... AIA Tower, Singapore 048542. 2018. "The 5 per cent VONB reduction in Hong Kong reflected a decline in sales from Mainland Chinese visitors in the second half of 2019,  broadly tracking the fall in the number of visitor arrivals as previously highlighted. Information about our Board of Directors, Committee Composition and more. AIA Sri Lanka Annual Report. The business that is now AIA was first established in Shanghai a century ago in 1919. Macau SAR refers to Macau Special Administrative Region. (2)   Change is shown on a year-on-year basis compared with the corresponding twelve-month period ended 31 December 2018, unless otherwise stated. 1. ... as previously disclosed in our Annual Report 2018. Our Healthy Living initiatives, partnership with Tottenham Hotspur Football Club and more. CONTENTS 2 CORPORATE PROFILE 3 GROUP STRUCTURE 4 OUR BUSINESS ... Zealand and Sri Lanka. Copyright © 2020, AIA Group Limited and its subsidiaries. (8)   The results of Tata AIA Life are accounted for the twelve-month period ended 30 September 2019 and the twelve-month period ended 30 September 2018 in AIA's consolidated results for the year ended 31 December 2019 and the twelve months ended 31 December 2018 respectively. For a century, AIA has served the ever-changing needs of millions of people across the Asia-Pacific region. READ OUR 2019 REPORT . MEDIA CONTACTS. Our local businesses in affected areas have also been assisting communities with enhanced benefits and expedited claims procedures. “AIA has delivered double-digit increases in our main financial metrics in the first half of 2019, continuing our consistent track record of growth. Our Leadership Team. 2019 is an important year for ICC Sri Lanka, as the global organization celebrates its Centenary year. Bringing you delicious recipes and inspiration to eat well for a healthier, longer, better life. 2019 Report View CEO' video on the 2019 Annual Report » Download the report in PDF » "While our insurance benefits provide financial support to our millions of customers when they need it most, we continue our journey of moving beyond the traditional transaction-focused insurance model towards being a lifelong partner to our customers. AIA Insurance congratulates Sri Lanka’s Most Admired Companies. Download the report. HONG KONG, March 12, 2020 /PRNewswire/ — AIA Group Limited ... Myanmar, a 99 per cent subsidiary in Sri Lanka, ... as previously disclosed in our Annual Report 2018. AIA Wealth Planner Krishan Dassanayaka is MDRT-MCC Country Chair for Sri Lanka AIA Insurance proudly congratulates Krishan Wasantha Dassanayaka, who has been honoured by the Million Dollar Round Table (MDRT) with an invitation to serve on the Membership Communications Committee (MCC) as Country Chair for Sri Lanka. "VONB growth in Thailand and Malaysia was supported by our Premier Agency strategy and bancassurance partnerships. If you have queries, we would love to help! Privacy Statement Image gallery for media professionals. The annual guide to Sri Lanka’s brand landscape Brand Finance Lanka’s Sri Lanka 100 report has now been published for 16 consecutive years. Headline VONB growth of 6 per cent was the result of very strong growth in the first half of the year set against a second half significantly affected by social unrest in Hong Kong. View. WINNING PEOPLE, WINNING CULTURE . 6 per cent growth in value of new business (VONB) to US$4,154 million; 16 per cent growth in VONB excluding Hong Kong The reported ANP and VONB for 2018 have not been restated and do not include any contribution from Tata AIA Life.The total reported VONB for the Group in 2019 excludes the VONB attributable to non-controlling interests of US$32 million. View. View More > Annual Report 2010. Following the announcement late last year of the further opening of Mainland China to foreign life insurers, we submitted an application for regulatory approval to convert our Shanghai branch into a subsidiary. Annual Report 2019 We have made good progress in the year and we are on track to deliver our objectives. (4) VONB includes pension business. I am also pleased that OPAT from Mainland China exceeded US$1 billion for the first time, illustrating the attractive financial dynamics of our business. 2014. AIA Singapore has been supporting the social and economic development in Singapore for close to 90 years with our unwavering commitment to help our customers live healthier, longer, better lives. The Group also provides employee benefits, credit life and pension services to corporate clients. (4)   VONB includes pension business. subsidiary in Sri Lanka, and a 49 per cent joint venture in India. Annual Report 2012. Our ESG commitment aims to deliver value to all our stakeholders. ISBN: 978-955-575-396-8. Presentation (Video) Presentation (Slides) Annual Report 2018: Available as: PDF Publication Date: 25 April 2019 View More > Annual Report 2011. Find out more. 12,739 million. ANNUAL REPORT 2019 – LEADING WITH PURPOSE . Cookie Policy Our domestic customer segment in Hong Kong continued to deliver a strong performance with double-digit VONB growth for the year. Annual Report 2013. For a century, AIA has served the ever-changing needs of millions of people across the Asia-Pacific region. ANNUAL REPORT 2019 | 003 CONTENTS OVERVIEW 004 Financial Highlights 006 Chairman’s Statement 009 Group Chief Executive and President’s Report AIA Sri Lanka Annual Report. Subject to regulatory approval, this will form the new foundation for our geographical expansion plans in Mainland China, which began with the opening of new sales and service centres in Tianjin and Shijiazhuang, Hebei during 2019. The Board of Directors of AIA Insurance Lanka PLC (“AIA Sri Lanka” or the “Company”) is pleased to announce the financial results of the Company and its subsidiary (collectively, the “Group”) for the year ended 31 December 2018. 12/03/2020 0 422. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. Our multi-market study tracks more than 10,000 people’s health concerns and hopes for a healthier way of life. ... a 97 per cent subsidiary in Sri Lanka, and a 49 per cent joint venture in India. Value of new business increased by 20 per cent to a record half-year result of US$2,275 million for the Group. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong SAR, Thailand, Singapore, Malaysia, Mainland China, South Korea, the Philippines, Australia, Indonesia, Taiwan (China), Vietnam, New Zealand, Macau SAR, Brunei, Cambodia, Myanmar, a 99 per cent subsidiary in Sri Lanka, and a 49 per cent joint venture in India. 2017. View. You can find more information on the types of cookies we collect, what we use these for, and how to manage your cookie settings in our Cision Distribution 888-776-0942 Long-term economic assumptions remain unchanged from those shown in our Annual Report 2018, following the same approach that we have applied consistently for quarterly new business highlights. We have seen a significant disruption in the Group's new business sales in the first quarter from reduced face-to-face interactions and have taken a number of proactive measures including a rapid acceleration of digital platforms to further support agency recruitment, training and sales activities. The focus of our CSR programme is Healthy Living – helping people to live healthier, longer, better lives. Annual Report 2018 CONTENTS SRI LANKA INSURANCE CORPORATION 4 – About this Report 5 – About Sri Lanka Insurance Corporation 8 – Highlights 10 – Message from the Chairman 12 – Managing Director’s Review 16 – Chief Executive Officer‘s Review FINANCIAL REPORTS 104 – Annual Report of the Board of Directors of the Company Ng Keng Hooi, AIA's Group Chief Executive and President, said: "AIA has delivered a resilient performance in 2019, despite a challenging operating environment, with continued growth in all our main financial metrics. Janashakthi wins a Silver award at the SLITAD People Development Awards organised by the Sri Lanka Institute of Training & Development. View. Get to know our leadership team. "The Board has recommended a 10 per cent increase in final dividend for 2019 to 93.30 Hong Kong cents per share, following AIA's established prudent, sustainable and progressive dividend policy allowing for future growth opportunities and the financial flexibility of the Group within the context of the immediate macroeconomic and capital markets environment. Download the PDF version of our annual reports. Discover the eight ingredients of a Healthier, Longer, Better Life. All rights reserved. We support you in taking charge of your health. AIA Sri Lanka Annual Report. 10 th October 2019: AIA Insurance congratulates the winners of Sri Lanka’s Most Admired Companies 2019, for being recognized not just for their financial performance but also the value they create for their shareholders, customers, employees and the wider community. from 8 AM - 9 PM ET. The latest credit ratings and information related to our Global Medium Term Note programme. View. Sri Lanka Insurance Corporation Ltd. The objective of this is to provide our readers with a well researched and definitive annual guide to the brand landscape of the country. Annual reports. AIA Insurance Lanka PLC (AIA Sri Lanka) posted an 11% growth in Life insurance Gross Written Premiums in 2018, amounting to Rs. Annual Report 2018 | 9 JULY SEPTEMBER OCTOBER DECEMBER Launch of the ‘Healthiest Workplace Survey’ AIA launched Sri Lanka’s Healthiest Workplace Survey (HWS), for the first time in Sri Lanka. Annual Report 2019: Available as: PDF Publication Date: 28 April 2020. View. 2016. Hong Kong SAR refers to Hong Kong Special Administrative Region. . ... Corporate Governance Report. PDF; Upgrade your company profile to unlock all of your annual report content on AnnualReports.com. AIA Group Limited (HKEx Stock Code: 1299) share price performance. The IFRS results of Tata AIA Life are accounted for using the equity method. Find out how we are helping shape the future of insurance. Bill's end-of-year review. (3)   VONB is calculated based on assumptions applicable at the point of sale.In 2019, ANP and VONB for Other Markets include 49 per cent of the results from our joint venture in India, Tata AIA Life Insurance Company Limited (Tata AIA Life), to reflect our shareholding. For clarity, TWPI does not include any contribution from Tata AIA Life. AIA's agency recruitment pipeline in Mainland China remains strong. Annual Report 2016. "Our wholly-owned operation in Mainland China once again delivered a very strong performance with 27 per cent growth in VONB. This website uses cookies for the purpose of enhancing your user experience. AIA Sri Lanka Annual Report. The latest updates and information about AIA Group Limited for shareholders, potential investors and financial analysts. Email: nikhil.advani@aia.com. The need for AIA's insurance products will continue to grow strongly given rising incomes, low levels of private insurance penetration and limited social welfare coverage and I am confident that AIA is ideally positioned to deliver long-term sustainable growth.". AIA Sri Lanka Annual Report. This survey was conducted by RAND Europe, a Information about our shares, General Meetings and more. You can find more information on the types of cookies we collect, what we use these for, and how to manage your cookie settings in our Some of our markets are facing near-term headwinds from the lower interest rate environment and the past two months have seen COVID-19 emerge as a new global risk. Annual Reports 2010 - 2018. Operating profit after tax increased by 9 per cent, underlying free surplus generation grew by 13 per cent, and EV Equity grew by 12 per cent. ... Myanmar, a 99 per cent subsidiary in Sri Lanka, ... as previously disclosed in our Annual Report 2018. Other Markets achieved 27 per cent growth in VONB, led by strong performances in Australia, the Philippines and Vietnam. Value Of New Business Up 6 Per Cent; Up 16 Per Cent Excluding Hong Kong Operating Profit Up 9 Per Cent; Final Dividend Up 10 Per Cent. Annual Report FY 2013-14; Balance Sheet - SRF Indian Subsidiaries. subsidiary in Sri Lanka, and a 49 per cent joint venture in India. 2019. 2 AIA SEMI ANNUAL FUNDS REPORT 2019 20 August 2019 Dear AIA Policyholder Thank you for your loyalty and trust in AIA. It had total assets of US$284 billion as of 31 December 2019. About AIA. Annual Report 2015. Annual Report. (4) VONB includes pension business. Annual Report 2012. 2. Our partnership distribution business reported slightly lower VONB as strong VONB growth in the bancassurance channel was offset by a significant decline from the retail IFA channel in Hong Kong in the second half. Download the PDF version of our annual reports Photo Gallery. "The strong domestic drivers of demand and major demographic trends in Asia provide powerful structural support for the long-term prospects of AIA's business. Full details of our results announcements and business presentations. Change on constant exchange rates (CER) is calculated using constant average exchange rates for the year ended 31 December 2019 and for the twelve months ended 31 December 2018 other than for balance sheet items that use CER as at 31 December 2019 and as at 31 December 2018. AIA reports financial results for 2019 12 March 2020 ... New Zealand, Macau SAR, Brunei, Cambodia, Myanmar, a 99 per cent subsidiary in Sri Lanka, and a 49 per cent joint venture in India. Key Links. Welcome to Sri Lanka Insurance Life. HWS is a comprehensive survey of the health and well-being of employees around Asia-Pacific. Contact AIA +94 11 2310310. View. 2015. VONB grew strongly at 16 per cent excluding Hong Kong. View More > Union Assurance Centre, 20, St. Michael’s Road, Colombo 03, Sri Lanka. Get in touch with our Investor Relations Team. (8)   The results of Tata AIA Life are accounted for the twelve-month period ended 30 September 2019 and the twelve-month period ended 30 September 2018 in AIA's consolidated results for the year ended 31 December 2019 and the twelve months ended 31 December 2018 respectively.The IFRS results of Tata AIA Life are accounted for using the equity method. AIA Group Limited has reached its limit for free report views. (4) VONB includes pension business. Integrated Reporting in Annual Reports is widely recognized as a process of creating corporate value and sustainability to … Annual Report 2018. AIA Reports Financial Results For 2019. 13,440 million in 2017. To view the whole release, please click: https://photos.prnasia.com/prnk/20200312/2747842-1. (4) VONB includes pension business. Annual Report 2019. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 36 million individual policies and over 16 million participating members of group insurance schemes. Information about upcoming and past events. View More > Annual Report 2018. ... Vietnam, Brunei, Macau SAR, New Zealand, a 99 per cent subsidiary in Sri Lanka, and a 49 per cent joint venture in India. The results of Tata AIA Life are accounted for the twelve-month period ended 30 September 2019 and the twelve-month period ended 30 September 2018 in AIA’s consolidated results for the year ended 31 December 2019 and the twelve months ended 31 December 2018 respectively. Nikhil Advani. SLIC Life Insurance Assistant. and Phnom Penh, 22 February 2019 – Cambodian National Competitions Committee (“CNCC”) and AIA (Cambodia) Life Insurance Plc (“AIA Cambodia”) launched a joint grassroots football programme today in conjunction with English Premier League team Tottenham Hotspur Football Club (“Spurs”). (5)   OPAT and operating earnings per share are shown after non-controlling interests unless otherwise stated. HONG KONG, March 11, 2020 /CNW/ -- AIA Group Limited (the "Company"; stock code: 1299) today announces financial results for the year ended 31 December 2019.. Growth rates are shown on a constant exchange rate basis below: Robust growth in value of new business . Growth rates are shown on a constant exchange rate basis below: Increased operating profit and attractive returns, Strong cash flow and resilient capital position. Read about our regional surveys and studies. Janashakthi is placed 1st Runner Up in Insurance Category (South Asia) at the SAFA Best Presented Annual Report Awards contest organized by South Asian Federation of Accountants. The Annual report for the year 2019-20 of Lanka IOC PLC was recently awarded the best Integrated Report award under Power & Energy sector in “CMA Excellence in Integrated Reporting Awards-2020” by the Institute of Certified Management Accountants of Sri Lanka. (1)   All figures are presented in actual reporting currency (US dollar) and based on actual exchange rates (AER) unless otherwise stated. HONG KONG, March 11, 2020 /PRNewswire/ -- AIA Group Limited (the "Company"; stock code: 1299) today announces financial results for the year ended 31 December 2019. HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://photos.prnasia.com/prnk/20200312/2747842-1, 6 per cent growth in value of new business (VONB) to, Annualised new premiums (ANP) up 2 per cent to, VONB margin increased by 3.0 pps to 62.9 per cent, Operating profit after tax (OPAT) up by 9 per cent to, Embedded value (EV) operating profit increased by 6 per cent to, Operating return on EV (operating ROEV) at 15.9 per cent, Solvency ratio for AIA Company Limited (AIA Co.) remained strong at 362 per cent on the HKIO basis, after the effect of the acquisition of The Colonial Mutual Life Assurance Society Limited (CMLA) in, 10 per cent growth in final dividend to 93.30. AIA Sri Lanka Annual Report. VONB for 2018 has not been restated and is reported before deducting the amount attributable to non-controlling interests of US$27 million, as previously disclosed in our Annual Report 2018. (6)   Total dividend of HK$1.14 per share for the twelve months ended 31 December 2018 does not include the special dividend for the additional month in the accounting period due to the change in financial year-end date. We have unrivalled distribution capabilities and a diversified, high-quality portfolio of businesses across 18 markets, the latest addition being our recently- launched operation in Myanmar, and we are continuing our preparations for further geographical expansion in Mainland China. Our Leadership Team. Interim Reports September 2019 ... Interim Reports December 2017. Excluding Hong Kong, agency distribution VONB grew by 16 per cent and partnership distribution VONB increased by 19 per cent for the year. "AIA's proprietary agency distribution delivered 11 per cent VONB growth as we focused on our quality recruitment programmes to drive an increase in the number of active agents. In response to the sleep deprivation crisis in Asia, AIA takes a leadership position to help people reap the benefits of one more hour of sleep. AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code "1299" with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: "AAGIY"). Browse recent AIA press releases in our archive. and For a century, AIA has served the ever-changing needs of millions of people across the Asia-Pacific region. If your ambition is to positively impact the lives of others, a career with AIA empowers you to do just that. About AIA. . Our various sponsorships allow us to engage with multiple audiences in exciting and unique ways. 2019 Annual Report. The business that is now AIA was first established in Shanghai a century ago in 1919. It’s a simple but important fact: employee health is key to business success. Annual Report 2014. View. This website uses cookies for the purpose of enhancing your user experience. Explore the diverse career options with us. SRILANAN AIRLINES | Annual Report 2018/19 5 My message for the Annual Report and Audited Accounts of SriLankan Airlines Limited for the financial year 2018/2019 comes to you against the backdrop of an extremely challenging and unprecedented environment, which not only tested the resilience of our Airline but the solidarity of the whole country. AIA Group Limited and its subsidiaries (collectively "AIA" or the "Group") comprise the largest independent publicly listed pan-Asian life insurance group. Find announcements issued under the Listing Rules. How can I help you today ? Public health emergency to a record half-year result of Rs 2 AIA SEMI aia sri lanka annual report 2019 Report! China remains strong Healthy Living – helping people to live healthier, Longer, Better.... 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