2021 VONB Performance and Strategic Highlights slide image

2021 VONB Performance and Strategic Highlights

AIA China - Strong Growth, Accelerating Expansion Pre-COVID Differentiated Premier Agency AIA China VONB ($m) +>20% Productivity Accelerating Geographical Expansion AIA 2019 1,166 1,060 (ANP per Active Agent) +10% Withholding Tax JUL 2020 JUL 2021 2022 NOV MAR JUN OCT JAN FEB 1,039 2020 1,108 2021 +7 pps Activity Ratio +11% Active Agent Income Recruitment Returned to Growth in 2H Total Agents +7% Jan 20 Jan 21 Jul 21 Dec 21 Tianjin and Shijiazhuang launch AIA China subsidiarisation Sichuan Sichuan Hubei preparation launch preparation Hubei launch approval Shijiazhuang Tianjin upgrade upgrade Excellent Progress in New Operations New Recruits Agency VONB Proven expansion model Tianjin, Shijiazhuang and Sichuan Province 1H21 +16% 2H21 2019 2020 +74% 2021 Notes: VONB growth rate before the impact of 5% withholding tax applied to VONB in AIA China since July 2020; VONB comparatives are shown on a constant exchange rate basis; growth rates against 2020 unless otherwise stated Active agents up 88% Sichuan new agent activity ratio above AIA China average Hubei operation: - 400 agents recruited - 95% college graduates 6
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