AIA commits $277 million to China Post Life

AIA has invested RMB1.999 billion (US$277 million) in China Post Life Insurance as part of an RMB8 billion capital increase approved by shareholders. The move, backed by China’s financial regulator, maintains AIA’s 24.99% stake and supports China Post Life’s shift toward long-term savings and protection products—efforts that helped the insurer grow its value of new business 5.3x since 2020.

“The Mainland Chinese life insurance market is the second largest globally and presents immense long-term growth opportunities. AIA’s investment in China Post Life is highly complementary to our strategy for AIA China, enabling us to access new distribution channels and reach broader customer segments in this attractive market. As the market’s leading bank-affiliated life insurer, China Post Life plays a vital role in providing financial protection to the mass market. I am very pleased with the strong results the company has delivered and am confident that its ongoing transformation has positioned the business well for sustained, profitable growth.” – AIA Group Chief Executive and President, Lee Yuan Siong.