AIA Group Delivered Slowing NBV Growth in the Third Quarter as China Growth Slowed
No-moat AIA's brief third-quarter financial summary reported a slowing year-on-year growth in new business value, or NBV, at 16%, versus the 22% in the first half on an actual currency basis. The slowing NBV growth was mainly due to local currencies' softness against U.S. dollars, which is the reporting currency of AIA’s financials. Growth remained steady at 17% on a constant currency basis. AIA China’s premium income continued its strong growth momentum at around 30% in the past quarter, flat f...AIA Group is an investment holding company. Co. is a life insurance based financial services provider operating throughout the Asia Pacific region. Through its subsidiaries, Co. is engaged in writing of life insurance business; providing life insurance, pension, accident and health insurance and savings plans throughout Asia; and distributing related investment and other financial services products to its customers. Through a network across Asia-Pacific, Co. serves the holders of over 28 million individual policies and over 16 million participating members of group policies. As of Nov 30 2013, Co. had operations in 17 markets throughout Asia-Pacific region.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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