Insurer AIA posts 37% rise in first-half new business value

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Asia-focussed insurer AIA Group Ltd on Thursday reported a 37% rise in its first-half new business value on a strong rebound in sales momentum across key markets of Mainland China and Hong Kong as pandemic-related restrictions were lifted.

The insurer's value of new business, which measures expected profits from new premiums and is a key gauge for future growth, rose to $2.03 billion in the six months ended June 30, compared with $1.54 billion a year earlier. Mainland China, AIA's second largest market, recorded a 14% rise in value of new business during the period to $601 million, helped by the lifting of pandemic-related restrictions at the start of the year.

AIA, which was founded in Shanghai more than a century ago, declared an interim dividend of 42.29 Hong Kong cents, compared to 40.28 Hong Kong cents a year ago. VONB at Hong Kong, its biggest market, rose around 111% to $681 million, boosted by domestic customers as well as travellers from Mainland China.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

AIA Insurance Business Grows as China Travels After PandemicAIA Group Ltd. posted a jump in the value of new business as the exit of Hong Kong and China from pandemic restrictions helped support the insurer’s key gauge of profitability.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »

Global stock market correction likely before year-end: Reuters pollBy Hari Kishan BENGALURU (Reuters) - Global stock markets are heading for a correction in coming months, though overall they should post marginal gains ...
مصدر: SaltWire Network - 🏆 45. / 63 اقرأ أكثر »