AIA Group’s “other markets” division, which includes Australia, has reported a 35% rise in new business to $US184 million ($229.9 million) for its first half.

Across the group, new business jumped 39% to $US1.75 billion ($2.19 billion), based on actual exchange rates, in the six months to May 31.

The result is the first to be presented by new CEO and President Ng Keng Hooi, who took over on June 1.

“Our performance is a clear reflection of the strength of AIA’s businesses and the consistent execution of our strategy,” he said. “We will continue to challenge ourselves and our strategy to ensure we capture the many significant opportunities the region presents well into the future.”

The company’s key markets are Hong Kong, Thailand, Singapore, Malaysia and China.

New business growth was strongest in China, up 56% to $US434 million ($542 million), while Singapore recorded an 11% decline to $US135 million ($168.7 million).

Overall operating profit after tax increased 16% to $US2.262 billion ($2.826 billion).