2021 VONB Performance and Strategic Highlights
Broad-Based VONB Growth Across All Segments
VONB ($m)
Total Group
Mainland China (1)
Hong Kong
VONB ($m)
1,166
756
1,060
Withholding
Tax
+37%
550
3,366
+10%
2,849 +18%
1,039
1,108
2020
2021
2020
2021
2020
Thailand
AIA
609
455
+34%
2021
2020
2021
Other Markets (2)
Singapore
Malaysia
283
506
511
356
224
337
+26%
+1%
+6%
2020
2021
2020
2021
2020
2021
Notes: Comparatives are shown on a constant exchange rate basis; VONB by geographical market is based on local statutory reserving and capital requirements, before the deduction of unallocated Group Office expenses and non-controlling interests
Growth rate before the impact of 5% withholding tax applied to VONB in AIA China since July 2020
Excluding one-off contribution to VONB in Australia in 1Q2020, as previously disclosed
(1)
(2)
CO
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