Tucker: What we’ll do with AIA’s cash reserves

Q: AIA’s solvency ratio has gone up to 356%, something most banks we speak to could never dream of. That amounts to some $5 billion in cash reserves. What are you going to do with it?

A: We think of it as being in four blocks, of which the first is the most important. That’s investing in new business profitability. We have significant cash to invest in growing new business we can grow at 20% IRRs plus.