AIA’s first-quarter new business value rises 31%, announces US$2 billion buyback
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Hong Kong-based insurer AIA Group on Monday posted a 31 per cent rise in its first-quarter value of new business (VONB) on a constant exchange currency basis and announced an additional US$2 billion share buyback.
AIA’s VONB, which gauges expected profits from new premiums and is a key barometer for future growth, came in at US$1.33 billion in the three months ending March 31 compared with US$1.05 billion a year ago. REUTERS
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