Zhi Tong Cai Jing·2025-11-03 05:42Core Viewpoint - AIA Group Limited (01299) has seen a stock price increase of over 5%, currently trading at HKD 79.25 with a transaction volume of HKD 2.664 billion, following the announcement of strong third-quarter results [1] Group 1: Financial Performance - The new business value for the third quarter grew by 27% year-on-year to USD 1.48 billion, with a profit margin of 58.2% [1] - Annualized new premiums increased by 15% year-on-year, while total weighted premium income reached USD 11.91 billion [1] - The marginal service of new business contracts grew by 25% year-on-year, indicating ongoing profitability and free surplus generation [1] Group 2: Market Analysis - Goldman Sachs noted that the quarterly new business value significantly exceeded expectations and outperformed closest competitors, predicting a positive stock reaction post-earnings announcement [1] - UBS highlighted strong growth in distribution channels, with agency and partnership channels recording increases of 19% and 46% respectively, with the agency channel contributing over 70% to new business value [1] - In Hong Kong, the new business value increased by 40% year-on-year, reaching a historical high, while the Chinese market also saw a 27% growth in new business value [1]