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Insurer AIA's quarterly new business value jumps 4per cent

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Asia-focused insurer AIA Group Ltd posted a 4per cent jump in its third-quarter value of new business on Friday, as it continues to recover from the pandemic-led disruption to business in most of its main markets.The Hong Kong-based insurer's value of new business, which measures expected profits from new

Asia-focused insurer AIA Group Ltd posted a 4per cent jump in its third-quarter value of new business on Friday, as it continues to recover from the pandemic-led disruption to business in most of its main markets.

The Hong Kong-based insurer's value of new business, which measures expected profits from new premiums and is a key gauge for future growth, rose to US$735 million in the quarter ended Sept. 30, from US$706 million a year earlier.

 

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