AIA Group First-Quarter Value of New Business Increases 27%
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AIA Group Ltd., the third-largest Asia-based insurer by market capitalization, said its value of new business rose 27 percent in the first quarter as a growing number of active agents sold more profitable policies.
The gauge of projected future profitability of new policies increased to $232 million in the three months to Feb. 29, from $182 million a year earlier, the Hong Kong-based insurer said in a statement to the city’s stock exchange today. The stock closed unchanged at HK$28.00.