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Aug. 22, 2019, 11:07 p.m. EDT

AIA Group says profitability indicator rose 20%

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By Saurabh Chaturvedi

AIA Group Ltd.'s (1299.HK) new-business value rose in the first half of the year, helped by higher sales in its key China and Hong Kong markets.

In a filing to Hong Kong stock exchange Friday, the Asian insurer said that for the six months ended June, its new-business value--a key measure of profitability--rose 20% on year to $2.28 billion at constant exchange rates.

AIA said its new-business value margin stood at 65.6% compared with 59.5%, while operating profit after tax climbed 12% on year to $2.90 billion.

The company declared an interim dividend of 33.30 Hong Kong cents a share, up from 29.20 Hong Kong cents a share.

Write to Saurabh Chaturvedi at saurabh.chaturvedi@wsj.com

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