AIA's New Business Value Surges, Boosts Share Buyback by $2 Billion

Hong Kong-based insurer AIA Group reports significant growth in new business value and announces an expansion of its share buyback program.

AIA Group's new business value increased by 27% to $1.3 billion in the first quarter, driven by strong performance in Hong Kong and mainland China.
The insurer has added $2 billion to its existing $10 billion share buyback program, reflecting confidence in its financial stability and future prospects.
Annualized new premiums rose by 23% to $2.4 billion, with significant contributions from tax-deferred pension products in mainland China.
AIA's Hong Kong and mainland China operations continue to be major contributors to its growth, with new business value in Hong Kong up 43% and mainland China up 38%.
Despite the growth, AIA's Hong Kong-listed shares have fallen 38% since 2022, influenced by investor concerns over regional company performance and regulatory challenges.