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
Vodafone gets green light for 5 billion euros sale of Spanish business
US dollar slips after unexpected rise in US producer prices
TSMC says construction of first European plant on track to start in fourth quarter
ESR attempts to suspend Sabana Reit’s May 24 EGM
US: Wall St nearly flat at open after hot inflation data
Miyoshi chief executive charged over accounting irregularity