AIA Group posts record third-quarter new business value

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Hong Kong-based insurer AIA Group reported a record value of new business (VONB) in the third quarter on Thursday, driven by strong growth across major operations.

FILE PHOTO: AIA Group logo is pictured on a smartphone in front of an electronic display showing stock graph in this illustration taken, December 4, 2021.

The insurer's VONB, which gauges expected profits from new premiums and is a key barometer for future growth, on a constant exchange rate basis came in at $1.16 billion for three months ended Sept.30, compared with $994 million in the prior year.

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Category: EconomyBusiness

Markets: SingaporeHong Kong

Topics: Photo: Mediacorp Front Experience File Growth Group Logo Smartphone Pictured Insurer

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News Sentiment: Neutral

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Article Type: News Report

Published On: 2024-10-31 @ 06:15:42 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 149 words

Reading Time: 1 minutes read

Sentences: 6 lines

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Copyright Owner: © Channel News Asia

News ID: 23342875

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