AIA Group’s new business value rises 25% in first half

Hong Kong-based insurer AIA Group reported a 25 per cent increase in first-half value of new business (VONB) on Thursday, driven by robust demand for its insurance products in its key markets.
The insurer’s VONB, which gauges expected profits from new premiums and is a key barometer for future growth, on a constant exchange rate basis came in at $2.46 billion for six months ended June 30, compared with $2.03 billion in the prior year.