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AIA Group posts 25% rise in third-quarter new business value

Oct 31 (Reuters) - Hong Kong-based insurer AIA Group 1299.HK posted a 25% rise in its third-quarter value of new business on Friday, boosted by its flagship Hong Kong unit — which logged a record high quarterly VONB.

     AIA's VONB, which gauges expected profits from new premiums and is a key barometer for future growth, came in at $1.48 billion on a constant exchange currency basis for the three months ended September 30, compared with $1.16 billion a year ago.

 (Reporting by Shivangi Lahiri in Bengaluru; Editing by Alan Barona)

 ((shivangi.lahiri@thomsonreuters.com))

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