VONB GROWTH OF 44 PER CENT ON CONSTANT EXCHANGE RATES
HONG KONG, 22 April 2016 – AIA Group Limited (stock code: 1299) today announces 44 per cent growth in value of new business (VONB) for the first quarter ended 29 February 2016.
Highlights of the first quarter on a constant exchange rate basis:
- 44 per cent growth in VONB to US$578 million
- 4.8 percentage points (pps) increase in VONB margin to 51.6 per cent
- 31 per cent increase in annualised new premiums (ANP) to US$1,103 million
- Total weighted premium income (TWPI) up by 13 per cent to US$5,040 million
KEY FINANCIAL SUMMARY