Maintaining a Strong, Resilient Balance Sheet
Broad-Based VONB Growth Across All Segments
Total Group
VONB ($m)
Mainland China (¹)
VONB ($m)
Hong Kong
1,166
756
Withholding
Tax
+37%
550
1,060
3,366
+10%
2,849 +18%
1,039
1,108
2020
2021
2020
Singapore
2021
2020
Malaysia
Thailand
AIA
609
455
+34%
2021
2020
2021
Other Markets (2)
283
506
356
224
337
+26%
+6%
+1%
2020
2021
2020
2021
511
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)
6View entire presentation