AIA Group earnings outlook brightens as profits rise in 2025: CGS International

OPAT growth is seen to exceed AIA’s 9% to 11% guidance range next year.

AIA Group is expected to see stronger growth in fiscal year 2026 as pre-tax operating profit per share rose 18% in the first half of the year, outpacing operating profit after tax (OPAT) growth, which was temporarily dampened by the Global Minimum Tax. 

Investment house CGS Internaional said it expects OPAT growth to exceed AIA’s 9% to 11% guidance range next year.

The insurer’s shift toward participating products, especially in mainland China, is freeing up capital and could lead to a lower minimum capital ratio target, allowing for larger share buybacks. 

Value of new business grew 16% year-on-year in 1H25, with strong contributions from Thailand and Hong Kong.