Robust capital enables AIA to absorb volatility amidst China expansion

AIA’s capital buffer is expected to remain strong through 2027.

S&P Global Ratings expects AIA Group Ltd. to maintain strong capital and steady growth across Asia-Pacific in the coming years. 

AIA’s capital buffer is expected to remain strong through 2027, enabling the group to absorb market volatility even as it accelerates expansion into China and other emerging markets. 

This financial strength is likely to give the insurer room for shareholder-friendly initiatives, including modest share buybacks and progressive increases in dividends. 

In 2025, AIA completed $2.3b in share buybacks, demonstrating its focus on returning capital to shareholders.

Looking ahead, AIA is expected to sustain business growth through its established agency network, particularly in protection-type policies, whilst proactively adjusting pricing and distribution strategies to respond to regulatory and market changes. 

For the first nine months of 2025, AIA reported 18% growth in value of new business, supported by a 10% rise in annual premium equivalent.

Strong liquidity at both the group and holding company level further positions AIA to manage debt obligations efficiently and maintain operational flexibility, underpinning a stable outlook for its financial performance in the medium term.