Aug 24, 2023 03:00 PM
FINANCE
AIA New Business Grows as China Reopens After Pandemic
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The AIA Central building, home to the headquarters of AIA Group, in Hong Kong in March 2022. Photo: Bloomberg
(Bloomberg) — AIA Group Ltd. posted a jump in the value of new business as the exit of Hong Kong and the Chinese mainland from pandemic restrictions helped support the insurer’s key gauge of profitability.
New business value rose 32% in the six months to June 30, the Hong Kong-based insurer said in a statement Thursday. That beat the mean estimate 26.6% of 10 analysts surveyed by the company.
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