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Hong Kong-listed insurer AIA Group logs 13% rise in first-quarter new business value

April 30 (Reuters) - Insurer AIA Group 1299.HK on Thursday posted a 13% jump in its first-quarter value of new business (VONB), benefiting from resilient demand for its insurance products, particularly from customers in its core mainland China and Hong Kong markets.

AIA's VONB, which gauges expected profits from new premiums and is a key barometer for future growth, came in at $1.76 billion on a constant exchange rate basis for the three months ended March 31, compared with $1.50 billion a year ago.

 (Reporting by Nikita Maria Jino and Nichiket Sunil in Bengaluru; Editing by Sahal Muhammed)

 ((Nichiket.Sunil@thomsonreuters.com;))

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