AIA Third-Quarter New Business Value Falls 5%, Says September Rose More Than 25%

AIA Group announced its third-quarter results, with new business value of US$1.415 billion during the period, down 5 per cent year on year at constant exchange rates, the first quarterly year-on-year decline since the fourth quarter of 2022. Group Chief Executive and President Lee Yuan Siong said extremely high sales in Hong Kong and mainland China businesses in the same period last year affected third-quarter growth, but new business value growth in September rebounded to more than 25 per cent year on year. AIA shares closed that day at $75.4, up 5.23 per cent.