AIA Financial Earns Premium Income of IDR 13.6 Trillion in 2021

AIA Financial Earns Premium Income of IDR 13.6 Trillion in 2021 – AIA Financial Earns Premium Income of IDR 13.6 Trillion in 2021

PT AIA Financial (AIA), posted premium income of IDR 13.61 trillion (unaudited) in the fourth quarter of 2021, an increase compared to 2020 premium income of IDR 13.59 trillion with a solvency ratio of up to 645 percent (unaudited) far exceeding the government regulation of 120 percent.

This shows the level of AIA’s ability to meet its long-term obligations including paying claims and the Sum Assured of customers.

President Director of AIA, Sainthan Satyamoorthy said, the achievement of a healthy company performance is the hard work of the entire team at AIA and the trust of customers and partners.

“Our highest appreciation is that AIA can continue to fulfill its commitment to helping millions of families in Indonesia live healthier, longer, better lives and create long-term sustainable value for stakeholders,” he said, Friday (18/3/2022).

AIA also proved its commitment to protecting customers by paying total claims and benefits throughout 2021 which reached IDR 11.5 trillion (unaudited) for insurance benefits including unit links throughout 2021, an increase of 32 percent from the total claims paid in 2020 of IDR 8, 7 trillion.

Meanwhile, AIA also continued to generate operating profit of Rp 1 trillion (unaudited), an increase compared to 2020. On the Balance Sheet, AIA’s assets in the fourth quarter of 2021 were at the same level as last year, which was Rp 53 trillion.

Product Innovation

AIA Financial Earns Premium Income of IDR 13.6 Trillion in 2021

As part of the company’s commitment in the midst of the pandemic, AIA has also responsively launched various relevant product and service innovations to assist customers who need treatment and protection from the Covid-19 virus.

“To continue to accompany customers during the pandemic, we provide the Mandiri Isolation program to ensure customers continue to receive protection services when they are required to self-isolate. AIA also proactively provides free insurance related to Covid-19 to 20,000 people through the AIA Free Covered program.

“All the positive achievements achieved by AIA show the trust of customers and partners, the strength of distribution channels, trusted brands, and healthy financial conditions to ensure we are ready to serve and protect customers in the long term,” concluded Sainthan.

Meanwhile, the AIA Group on Friday (11/3) also announced very encouraging financial performance throughout 2021 with an increase in value of new business (VONB) which increased by 18 percent and growth in all financial metrics including a new record high for embedded value equity. of USD 75 billion.

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