“Looking ahead, while we anticipate Asia year-over-year sales will decline in the fourth quarter, we expect full year 2023 sales growth to be at the top end or exceed our annual guidance range of mid- to high single-digits.”

In context

“d earnings were $369 million, up 23% and 25% on a constant currency basis, primarily due to higher investment margins. Asia's key growth metrics were solid as journal on assets under management on an amortized cost basis as well as sales both grew 5% year-over-year on a constant currency basis, driven by growth across most of the region. In Japan, sales on a constant currency basis were up 3% year-over-year, driven by strong life sales due to the ongoing momentum of a single premium FX Life product that was relaunched April 1st of this year. In other Asia sales on a constant currency basis were up 8% year-over-year, primarily driven by strong life sales in Korea in advance of a prospective regulatory change that took place on September 1st, that impacts low cash value whole life products. Looking ahead, while we anticipate Asia year-over-year sales will decline in the fourth quarter, we expect full year 2023 sales growth to be at the top end or exceed our annual guidance range of mid- to high single-digits. Latin America adjusted earnings were $199 million up 26% and 8% on a constant currency basis primarily due to solid volume growth and favorable underwriting margins. Latin America's topline continues to perform well as adjusted PFOs were up 32% and 16% on a constant currency basis. And sales were also up 16% on a constant currency basis driven by strong growth in Mexico and Chile and solid persistency across the region. EMEA adjusted earnings were $70 million, up 43% and 40% on a constant currency basis primarily due to higher volume growth recurring interest margins as well as underwriting margins running favorable to expectations. This was partially offset by less favorable expense margins year-over-year. EMEA adjusted PFOs were up 9% on both a reported and constant currency basis and s”