Insurer AIA third-quarter new business value rises 34%

📆 11/2/2023 10:18 PM
📰 ChannelNewsAsia

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Asia-focused insurer AIA Group on Friday posted a 34 per cent rise in the value of new business (VONB) in the third quarter, boosted by strong demand for its insurance products across operations including key markets like Hong Kong and Mainland China.

AIA Group logo is pictured on a smartphone in front of an electronic display showing stock graph in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/ File photo

The insurer's VONB, which measures expected profits from new premiums and is a key gauge for future growth, rose to $994 million in the three months ended Sept. 30, from $741 million a year ago. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.

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