HONG KONG, April 11 AIA Group Ltd
reported a 22 percent rise in value of new business in the first
quarter of 2014, higher than expected as China, Hong Kong and
Singapore delivered strong growth.
The company's value of new business, which measures the
expected profits from new premiums, rose to $354 million in the
first quarter, above the average 18 percent growth expected by
analysts polled by Thomson Reuters.
The new business margin rose to 43.8 percent, the company
said in a filing to the Hong Kong Stock Exchange on Friday.
AIA, Asia's third biggest insurer by market value, reported
another year of record annual value of new business of $1.49
billion when it announced its results for the 2013 financial
year on Feb. 21.
(Reporting By Lawrence White; Editing by Miral Fahmy and Andre