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AIA Group Says 1st Half New-Business Value Rose 20% on Year

   By Saurabh Chaturvedi 
 

AIA Group Ltd.'s (1299.HK) new-business value rose in the first half of the year, helped by higher sales in its key China and Hong Kong markets.

In a filing to Hong Kong stock exchange Friday, the Asian insurer said that for the six months ended June, its new-business value--a key measure of profitability--rose 20% on year to $2.28 billion at constant exchange rates.

AIA said its new-business value margin stood at 65.6% compared with 59.5%, while operating profit after tax climbed 12% on year to $2.90 billion.

The company declared an interim dividend of 33.30 Hong Kong cents a share, up from 29.20 Hong Kong cents a share.

 

Write to Saurabh Chaturvedi at saurabh.chaturvedi@wsj.com

 

(END) Dow Jones Newswires

August 22, 2019 20:49 ET (00:49 GMT)

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