AIA Group posts 44 percent rise in new business growth for first quarter | Reuters

AIA Group Ltd (1299.HK), the world's second-largest life insurer by market capitalisation, reported a 44 percent rise in the value of new business in the first quarter, driven by surging demand to buy insurance in Hong Kong and China.

AIA said the company's value of new business, which measures expected profits from new premiums and is a key yardstick for growth, rose to $578 million in the quarter from $425 million a year earlier.

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Michael Perry)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Apr 22, 2016 05:45 AM

Also Watch

IPL 2018: Royal Challengers Bangalore eye revival against Chennai Super Kings as 'Cauvery Derby' comes back to life
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Tuesday, April 24, 2018 It's A Wrap: Beyond the Clouds stars Ishaan Khatter, Malavika Mohanan in conversation with Parul Sharma
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See