Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

AIA Group Value of New Business Rises 22% in Third-Quarter

Don't Miss Out —
Follow us on:

Oct. 11 (Bloomberg) -- AIA Group Ltd., the third-largest Asia-based insurer, said its value of new business rose 22 percent in the third quarter to a record.

The gauge of projected future profitability of new policies increased to $300 million from $245 million a year earlier, the Hong Kong-based insurer said in a statement to the city’s stock exchange today.

Underlying annualized new premium, the sum of first-year premiums and 10 percent of single premiums, grew 17 percent to $696 million, from $594 million a year ago.

New business margin, measured by value of new business as a percentage of annualized new premium, widened by 11 percentage points to 42.6 percent.

To contact the reporter on this story: Bei Hu in Hong Kong at bhu5@bloomberg.net

To contact the editor responsible for this story: Andreea Papuc at apapuc1@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.