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<Results>AIA 2024 VONB Up 17% at AER, In Line, w/ New USD1.6B Shr Buyback
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AIA (01299.HK) announced that its value of new business (VONB) for 2024 rose 17% YoY to USD4.712 billion at actual exchange rate (AER), aligning with a consensus forecast from 10 brokers compiled by this website, ranging between USD4.7 billion and USD4.887 billion. On a constant exchange rate (CER), the growth was 18%. The results announcement mentioned that the company added a further US$2 billion to its original share buy-back program, bringing the total to US$12 billion. The program was successfully completed in February 2025, repurchasing a total of 1.409 billion shares, reducing the outstanding share count by 11.7%. In addition, the Board approved a new share buy-back of US$1.6 billion. This comprises US$0.6 billion to meet the payout ratio target of 75% of annual net FSG, and an additional US$1 billion following a further review of the Group’s capital position. Together, the dividends and share buybacks amount to a total yield of approximately 6% for shareholders. AAStocks Financial News |
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