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AIA First Quarter New Business Value Rises 26%, Beating Estimate

Bei Hu
AIA First Quarter New Business Value Rises 26%, Beating Estimate

AIA Group Ltd., the second-largest Asia-Pacific insurer by market value, said its value of new business rose 26 percent in the first quarter, as growth in China offset slowing Hong Kong sales. AIA is increasingly reliant on China to drive growth. In Hong Kong, AIA’s biggest market, sales to mainland visitors have slowed since China introduced curbs to slow capital outflows, and a stronger domestic currency reduced incentives for residents to move assets offshore.

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