HONG KONG — AIA Group on Friday unveiled a $1.6 billion share buyback plan and reported an 18% rise in the value of new business last year, as the Hong Kong insurer saw strong growth in the city and mainland China.
The value of new business, a metric for future profits from new premiums, rose to $4.71 billion on a constant currency basis, versus $4.03 billion a year earlier, according to the company’s statement.
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