AIA Group 1299 02 (Jun 20 - Dec 27)

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not vested

AIA (01299.HK) Opens 1.94% Higher, CLSA: 1Q VONB Beats Expectations

CLSA published a research report stating that AIA's Value of New Business (VONB) in 1Q increased 13% YoY (at constant exchange rates) and 17% YoY (at actual exchange rates), both 4% above market expectations.

During the period, Annualized New Premium (ANP) recorded strong growth of 20% (at actual exchange rates), while VONB margin edged down 1.5 ppts to 56%.

Related News: AIA (01299.HK) 1Q26 Value of New Business USD1.757B Beats; Up 17% YoY at Actual FX, Up 13% at Constant FX

The broker noted that AIA Hong Kong and AIA China both achieved outstanding VONB growth of over 20% in 1Q.

Among them, AIA China's VONB rose 26%, driven by strong demand for long-term savings products, while VONB from protection products also increased 17%.

AIA Hong Kong's VONB grew 21%.

Despite overall weakness in the industry broker channel, AIA Hong Kong still recorded YoY and QoQ growth in VONB, and its performance should outperform peers.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN