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
6View entire presentation