Understanding the Market | AIA Group rises over 5% as third-quarter new business value significantly exceeds expectations and outperforms peers

AIA Group rose over 5% again, as of the time of writing, up 5.04% to HKD 79.25, with a transaction volume of HKD 2.664 billion. In terms of news, AIA Group recently announced that its new business value for the third quarter grew by 27% at actual exchange rates to USD 1.48 billion, with a new business value profit margin of 58.2%, and annualized new premiums grew by 15% at actual exchange rates; total weighted premium income for the third quarter was USD 11.91 billion. Goldman Sachs stated that given the quarterly new business value significantly exceeded expectations and outperformed its closest peers, it expects AIA's stock price to react positively after the earnings announcement. Additionally, AIA's quarterly new business contract service margin grew by 25% year-on-year, which will continue to drive profit growth and free surplus generation. UBS pointed out that by channel, the agency and partner channels recorded strong growth of 19% and 46%, respectively, with the agency channel contributing over 70% to the new business value, and it believes that the contribution from the agency channel will continue to be a key focus for the group's business growth. At fixed exchange rates, the new business value in Hong Kong for the third quarter rose by 40%, reaching a record high; the new business value in the Chinese market also grew by 27%