AIA’s first-quarter new business value rises 31%, announces US$2 billion buyback
Published Mon, Apr 29, 2024 · 06:57 AM
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
KEYWORDS IN THIS ARTICLE
READ MORE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Microsoft offers cloud customers AMD alternative to Nvidia AI processors
CEO of fallen Eagle Hospitality Trust looking to contest four criminal charges
Crypto boom, erratic rain spark outages in Laos, Asia’s clean power export hub
Bank of Japan in no rush to sell risky asset holdings
Gold prices set for second weekly gain on Fed rate outlook
China’s first special bond sale likely to see solid demand