AIA 1st Half Fiscal Year New-Business Value US$399 Million, Up 32%
28 Julio 2011 - 6:16PM
Noticias Dow Jones
Asian insurance giant AIA Group Ltd. (1299.HK) said Friday its
value of new business for the first half of its fiscal year rose
32% from a year earlier, driven by strong growth in Hong Kong,
Thailand and Singapore.
AIA, 32.89% owned by American International Group Inc. (AIG),
said its net profit in the six months ended May 31 rose 24% to
US$1.31 billion from US$1.06 billion in the same period a year
earlier.
Analysts expected the insurer to report US$1.15 billion in net
profit for the period, according to a poll of four analysts by Dow
Jones Newswires.
The company said its net premiums and fee income in the period
rose 13% to US$5.78 billion. The insurer said it will pay HK$0.11
per share as half-year dividend, its first dividend payment since
its listing in Hong Kong late last year.
AIA said in a statement the company continues to focus on growth
in Asia, give the global volatility amid concerns over sovereign
debt problems in the U.S. and Europe.
-By Fiona Law, Dow Jones Newswires; 852-2802-7002;
fiona.law@dowjones.com
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