AIA Group posts 26 percent rise in new business growth for 2015

February 24, 2016 10:32 PM

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AIA Group posts 26 percent rise in new business growth for 2015

HONG KONG AIA Group Ltd (1299.HK), the world's second-largest life insurer by market capitalization, reported a 26 percent rise in the value of new business in 2015, driven by surging demand to buy insurance in Hong Kong and China. AIA said the company's value of new business, which measures expected profits from new premiums and is a key yardstick for growth, rose to $2.20 billion in 2015 from $1.85 billion a year earlier.

The company, which is listed in Hong Kong, proposed a total dividend of 0.6972 Hong Kong dollar ($0.0897) a share, up 39 percent.

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