AIA Insurance's new business value in the first quarter increased by 31% year-on-year to USD 1.327 billion, reaching a quarterly high
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AIA Group announced its performance data for the first quarter of 2024. The new business value increased by 31% year-on-year, reaching $1.327 billion, setting a quarterly record high. All reporting segments achieved double-digit growth, with the new business value in the partnership distribution channel increasing by 70%. The new business value margin rose to 54.2%, with an annualized new premium growth of 26%. In addition, AIA Group added $2 billion to its existing share repurchase plan, bringing the total to $12 billion. The company will also optimize its capital management policy to enhance capital returns
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