AIA Group reports a 27% Q1 increase in new business value, driven by growth in Hong Kong and China, with a $2bn share buyback.
AIA Group Ltd. reported a 27% increase in new business value for Q1, driven by growth in Hong Kong and mainland China. The insurer's new business value surged to $1.3bn, a 31% increase when removing exchange rate effects. In response to its strong financial position, AIA has announced an additional $2bn share buyback, adding to its existing $10bn program.
April 28, 2024
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