Insurer AIA's first-quarter new business value rises 31%, announces $2 billion buyback
) on Monday posted a 31% rise in its first-quarter value of new business on a constant exchange currency basis and announced an additional $2 billion share buyback.
AIA's VONB, which gauges expected profits from new premiums and is a key barometer for future growth, came in at $1.33 billion in the three months ending March 31 compared with $1.05 billion a year ago.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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