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AIA Singapore saw strong growth in first half of 2014

Published on Jul 25, 2014 8:31 PM

SINGAPORE - Insurer AIA Singapore reported strong financial results for the first half of 2014, thanks to a productive agency and more long-term savings plans.

Its value of new business for the six months to May 31 was up 15 per cent to US$127 million, compared with the same period a year earlier.

Annualised new premiums, a measure of new business activity, rose 46 per cent to US$214 million from a year ago.

New business margin, or the value of new business as a percentage of annualised new premiums, grew to 59.3 per cent.

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