Friend Insurance's new business value is expected to increase by 2025, with plans to carry out a $1.7 billion share buyback.

The new business value of AIA Insurance in 2025 has increased, thanks to strong demand for insurance products in major markets such as Hong Kong and China. The company announced on Thursday that its new business value grew by 15% to $5.52 billion, with a new business profit margin increasing by 3.6 percentage points to 58.5%. As part of its strengthened capital management policy, AIA Insurance stated that the board has announced a $1.7 billion share buyback plan and will increase dividends by 10% per share by the end of 2025.