aia sri lanka annual report 2019

READ OUR 2019 REPORT . HONG KONG, March 11, 2020 /PRNewswire/ -- AIA Group Limited (the "Company"; stock code: 1299) today announces financial results for the year ended 31 December 2019. ... a 97 per cent subsidiary in Sri Lanka, and a 49 per cent joint venture in India. "Over the last century, AIA has successfully managed through many different economic cycles. Annual Report 2013. Our Healthy Living initiatives, partnership with Tottenham Hotspur Football Club and more. 28th February 2019 AIA INSURANCE LANKA PLC CONSOLIDATED INDEPENDENT ADVISOR’S REPORT Prepared by CAPITAL ALLIANCE PARTNERS LIMITED Level 05, Millennium House, 46/58, Nawam Mawatha, Colombo 02, Sri Lanka Email: nikhil.advani@aia.com. 2019. How can I help you today ? Welcome to Sri Lanka Insurance Life. Cookie Policy ... as previously disclosed in our Annual Report 2018. Annual Report FY 2013-14; Balance Sheet - SRF Indian Subsidiaries. ANP and VONB margin exclude pension business and are before deduction of non-controlling interests. View. Interim Reports September 2019 ... Interim Reports December 2017. . Other Markets achieved 27 per cent growth in VONB, led by strong performances in Australia, the Philippines and Vietnam. Find out how we are helping shape the future of insurance. Bringing you delicious recipes and inspiration to eat well for a healthier, longer, better life. For a century, AIA has served the ever-changing needs of millions of people across the Asia-Pacific region. "VONB growth in Thailand and Malaysia was supported by our Premier Agency strategy and bancassurance partnerships. HWS is a comprehensive survey of the health and well-being of employees around Asia-Pacific. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong SAR, Thailand, Singapore, Malaysia, Mainland China, South Korea, the Philippines, Australia, Indonesia, Taiwan (China), Vietnam, New Zealand, Macau SAR, Brunei, Cambodia, Myanmar, a 99 per cent subsidiary in Sri Lanka, and a 49 per cent joint venture in India. View More > Annual Report 2018. Find out more. AIA Sri Lanka Annual Report. Excluding Hong Kong, agency distribution VONB grew by 16 per cent and partnership distribution VONB increased by 19 per cent for the year. View More > Annual Report 2011. from 8 AM - 9 PM ET. ISBN: 978-955-575-396-8. and Information about our Board of Directors, Committee Composition and more. The business that is now AIA was first established in Shanghai a century ago in 1919. You can find more information on the types of cookies we collect, what we use these for, and how to manage your cookie settings in our You can find more information on the types of cookies we collect, what we use these for, and how to manage your cookie settings in our "The 5 per cent VONB reduction in Hong Kong reflected a decline in sales from Mainland Chinese visitors in the second half of 2019,  broadly tracking the fall in the number of visitor arrivals as previously highlighted. The latest credit ratings and information related to our Global Medium Term Note programme. (8)   The results of Tata AIA Life are accounted for the twelve-month period ended 30 September 2019 and the twelve-month period ended 30 September 2018 in AIA's consolidated results for the year ended 31 December 2019 and the twelve months ended 31 December 2018 respectively. 13,440 million in 2017. Growth rates are shown on a constant exchange rate basis below: Increased operating profit and attractive returns, Strong cash flow and resilient capital position. (4) VONB includes pension business. ANNUAL REPORT 2019 | 003 CONTENTS OVERVIEW 004 Financial Highlights 006 Chairman’s Statement 009 Group Chief Executive and President’s Report Cision Distribution 888-776-0942 AIA Sri Lanka Annual Report. We have unrivalled distribution capabilities and a diversified, high-quality portfolio of businesses across 18 markets, the latest addition being our recently- launched operation in Myanmar, and we are continuing our preparations for further geographical expansion in Mainland China. Download the report. AIA's agency recruitment pipeline in Mainland China remains strong. (8)   The results of Tata AIA Life are accounted for the twelve-month period ended 30 September 2019 and the twelve-month period ended 30 September 2018 in AIA's consolidated results for the year ended 31 December 2019 and the twelve months ended 31 December 2018 respectively.The IFRS results of Tata AIA Life are accounted for using the equity method. ... Corporate Governance Report. ANNUAL REPORT 2019 – LEADING WITH PURPOSE . It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. Headline VONB growth of 6 per cent was the result of very strong growth in the first half of the year set against a second half significantly affected by social unrest in Hong Kong. HONG KONG, March 12, 2020 /PRNewswire/ — AIA Group Limited ... Myanmar, a 99 per cent subsidiary in Sri Lanka, ... as previously disclosed in our Annual Report 2018. Our Leadership Team. Annual reports. 2017. Our thoughts are with the families and communities who have been affected by this public health emergency. Annual Reports 2010 - 2018. Phnom Penh, 22 February 2019 – Cambodian National Competitions Committee (“CNCC”) and AIA (Cambodia) Life Insurance Plc (“AIA Cambodia”) launched a joint grassroots football programme today in conjunction with English Premier League team Tottenham Hotspur Football Club (“Spurs”). Annual Report 2018 CONTENTS SRI LANKA INSURANCE CORPORATION 4 – About this Report 5 – About Sri Lanka Insurance Corporation 8 – Highlights 10 – Message from the Chairman 12 – Managing Director’s Review 16 – Chief Executive Officer‘s Review FINANCIAL REPORTS 104 – Annual Report of the Board of Directors of the Company "Our wholly-owned operation in Mainland China once again delivered a very strong performance with 27 per cent growth in VONB. (4)   VONB includes pension business. Cookie Policy AIA Reports Financial Results For 2019. AIA Singapore has been supporting the social and economic development in Singapore for close to 90 years with our unwavering commitment to help our customers live healthier, longer, better lives. Janashakthi is placed 1st Runner Up in Insurance Category (South Asia) at the SAFA Best Presented Annual Report Awards contest organized by South Asian Federation of Accountants. Integrated Reporting in Annual Reports is widely recognized as a process of creating corporate value and sustainability to … Ng Keng Hooi, AIA's Group Chief Executive and President, said: "AIA has delivered a resilient performance in 2019, despite a challenging operating environment, with continued growth in all our main financial metrics. Annual Report 2019: Available as: PDF Publication Date: 28 April 2020. (1)   All figures are presented in actual reporting currency (US dollar) and based on actual exchange rates (AER) unless otherwise stated. Discover the eight ingredients of a Healthier, Longer, Better Life. AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code "1299" with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: "AAGIY"). Telephone: +94(0) 11 231 0240. WINNING PEOPLE, WINNING CULTURE . Our partnership distribution business reported slightly lower VONB as strong VONB growth in the bancassurance channel was offset by a significant decline from the retail IFA channel in Hong Kong in the second half. subsidiary in Sri Lanka, and a 49 per cent joint venture in India. View. Copyright © 2020, AIA Group Limited and its subsidiaries. AIA Sri Lanka Annual Report. Operating profit after tax increased by 9 per cent, underlying free surplus generation grew by 13 per cent, and EV Equity grew by 12 per cent. AIA Group Limited and its subsidiaries (collectively "AIA" or the "Group") comprise the largest independent publicly listed pan-Asian life insurance group. I am also pleased that OPAT from Mainland China exceeded US$1 billion for the first time, illustrating the attractive financial dynamics of our business. Find out more. View More > Annual Report 2010. View. 6 per cent growth in value of new business (VONB) to US$4,154 million; 16 per cent growth in VONB excluding Hong Kong AIA Group Limited has reached its limit for free report views. Image gallery for media professionals. (3)   VONB is calculated based on assumptions applicable at the point of sale. Privacy Statement (2)   Change is shown on a year-on-year basis compared with the corresponding twelve-month period ended 31 December 2018, unless otherwise stated. Find out how we have delivered on our commitments Watch the video Our performance. This survey was conducted by RAND Europe, a Thought Leadership. The focus of our CSR programme is Healthy Living – helping people to live healthier, longer, better lives. AIA Wealth Planner Krishan Dassanayaka is MDRT-MCC Country Chair for Sri Lanka AIA Insurance proudly congratulates Krishan Wasantha Dassanayaka, who has been honoured by the Million Dollar Round Table (MDRT) with an invitation to serve on the Membership Communications Committee (MCC) as Country Chair for Sri Lanka. 2016. 2019 Annual Report. HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://photos.prnasia.com/prnk/20200312/2747842-1, 6 per cent growth in value of new business (VONB) to, Annualised new premiums (ANP) up 2 per cent to, VONB margin increased by 3.0 pps to 62.9 per cent, Operating profit after tax (OPAT) up by 9 per cent to, Embedded value (EV) operating profit increased by 6 per cent to, Operating return on EV (operating ROEV) at 15.9 per cent, Solvency ratio for AIA Company Limited (AIA Co.) remained strong at 362 per cent on the HKIO basis, after the effect of the acquisition of The Colonial Mutual Life Assurance Society Limited (CMLA) in, 10 per cent growth in final dividend to 93.30. MEDIA CONTACTS. Presentation (Video) Presentation (Slides) Annual Report 2018: Available as: PDF Publication Date: 25 April 2019 Our Leadership Team. AIA reports financial results for 2019 12 March 2020 ... New Zealand, Macau SAR, Brunei, Cambodia, Myanmar, a 99 per cent subsidiary in Sri Lanka, and a 49 per cent joint venture in India. Information about our shares, General Meetings and more. Get in touch with our Investor Relations Team. The results of Tata AIA Life are accounted for the twelve-month period ended 30 September 2019 and the twelve-month period ended 30 September 2018 in AIA’s consolidated results for the year ended 31 December 2019 and the twelve months ended 31 December 2018 respectively. (4) VONB includes pension business. HONG KONG, March 11, 2020 /CNW/ -- AIA Group Limited (the "Company"; stock code: 1299) today announces financial results for the year ended 31 December 2019.. Growth rates are shown on a constant exchange rate basis below: Robust growth in value of new business . View. 2014. Information about upcoming and past events. The annual guide to Sri Lanka’s brand landscape Brand Finance Lanka’s Sri Lanka 100 report has now been published for 16 consecutive years. Our domestic customer segment in Hong Kong continued to deliver a strong performance with double-digit VONB growth for the year. AIA Insurance Lanka PLC (AIA Sri Lanka) posted an 11% growth in Life insurance Gross Written Premiums in 2018, amounting to Rs. Annual Report 2019. This website uses cookies for the purpose of enhancing your user experience. VONB grew strongly at 16 per cent excluding Hong Kong. Change on constant exchange rates (CER) is calculated using constant average exchange rates for the year ended 31 December 2019 and for the twelve months ended 31 December 2018 other than for balance sheet items that use CER as at 31 December 2019 and as at 31 December 2018. The reported ANP and VONB for 2018 have not been restated and do not include any contribution from Tata AIA Life.The total reported VONB for the Group in 2019 excludes the VONB attributable to non-controlling interests of US$32 million. (7)   In the context of our reportable market segments, Hong Kong refers to operations in Hong Kong Special Administrative Region and Macau Special Administrative Region; Singapore refers to operations in Singapore and Brunei; and Other Markets refers to operations in Australia (including New Zealand), Cambodia, India, Indonesia, Myanmar, the Philippines, South Korea, Sri Lanka, Taiwan (China) and Vietnam. SLIC Life Insurance Assistant. Following the announcement late last year of the further opening of Mainland China to foreign life insurers, we submitted an application for regulatory approval to convert our Shanghai branch into a subsidiary. SRILANAN AIRLINES | Annual Report 2018/19 5 My message for the Annual Report and Audited Accounts of SriLankan Airlines Limited for the financial year 2018/2019 comes to you against the backdrop of an extremely challenging and unprecedented environment, which not only tested the resilience of our Airline but the solidarity of the whole country. Download the PDF version of our annual reports. Long-term economic assumptions remain unchanged from those shown in our Annual Report 2018, following the same approach that we have applied consistently for quarterly new business highlights. "While our insurance benefits provide financial support to our millions of customers when they need it most, we continue our journey of moving beyond the traditional transaction-focused insurance model towards being a lifelong partner to our customers. About AIA. The objective of this is to provide our readers with a well researched and definitive annual guide to the brand landscape of the country. The Annual report for the year 2019-20 of Lanka IOC PLC was recently awarded the best Integrated Report award under Power & Energy sector in “CMA Excellence in Integrated Reporting Awards-2020” by the Institute of Certified Management Accountants of Sri Lanka. Value of new business increased by 20 per cent to a record half-year result of US$2,275 million for the Group. ,... as previously disclosed in our annual Report 2019 we have made good progress in the year 3! Century, AIA Group Limited has reached its limit for free Report views Date 25! As a global body will continue to Address many of the country global organization celebrates Centenary! Are on track to deliver value to all our stakeholders taking charge of your.. The pressing global challenges facing trade and implementation of the pressing global facing. Implementation of the health and well-being of employees around Asia-Pacific expedited claims procedures earnings per share are after... 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