AIA sees growth across the board

AIA says the Value of New Business (VONB) rose 32% to US$399 million compared with the same period last year.

Embedded Value (EV) increased 11% to US$27,394 million and Annualised New Premium (ANP) for the period rose 23% to US$1,094 million.

AIA New Zealand chief executive Wayne Besant said these results reflect very well on the AIA Group and on the business in New Zealand.

"AIA New Zealand's focus on simple, relevant engagement with New Zealanders is producing solid results - for the year ended June 2011 our Compound Annual Growth Rate for new business has increased 26.6% since June 2009 and 33% year-on-year since June 2010.