HONG KONG : AIA Group Ltd on Thursday posted a 13 per cent drop in new business value in the first half of 2022, as COVID-19 lockdowns in the Asia-focused insurer's main markets of China and Hong Kong weighed down on insurance sales.
The insurer's new business value , which measures expected profits from new premiums and is a key gauge for future growth, fell to $1.54 billion from $1.81 billion last year.