Insurance Post

AIA beats profit forecast

mark-tucker-aia

Hong Kong-based life and health insurer AIA's profits fell 20% in the first half of 2014 which was better than analysts' expectations of 28%.

Net income was $1.5bn compared to $1.9bn in the first six months of 2013. Profits were expected to fall in part because of a large one off payout to Citibank as a result of a long term distribution

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