|Bid||63.800 x 0|
|Ask||63.850 x 0|
|Day's Range||63.000 - 65.150|
|52 Week Range||57.250 - 93.650|
|Beta (5Y Monthly)||0.93|
|PE Ratio (TTM)||91.21|
|Forward Dividend & Yield||0.85 (1.32%)|
|Ex-Dividend Date||Sep 11, 2023|
|1y Target Est||N/A|
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AIA Group, Asia's largest insurer, reported strong revenue growth and policy sales in the first half, thanks to mainland Chinese customers crossing into Hong Kong after the border reopening in search of better investment returns and protection against the yuan depreciation. Net profit rose 50 per cent in the six months to June to US$2.25 billion,HK$17.6 billion), or 19.39 US cents per share, according to an exchange filing on Thursday. Operating profit after tax increased 0.2 per cent to US$3.27
AIA Group’s value of new business in the first half rose 37% on the year as the lifting of COVID-19 restrictions in mainland China saw strong growth in the insurance business.
(Reuters) -Asia-focused insurer AIA Group Ltd on Thursday reported a 37% rise in the value of its new business in the first-half, beating estimates, as sales rebounded in its key markets mainland China and Hong Kong after the lifting of pandemic restrictions. The insurer's value of new business (VONB), which measures expected profits from new premiums and is a key gauge for future growth, rose to $2.03 billion in the six months ended June 30, compared with $1.54 billion a year earlier. VONB at Hong Kong, its biggest market, rose around 111% to $681 million, boosted by domestic customers as well as travellers from mainland China.