Pan-Asian life insurer AIA, which American International Group was once forced to sell, is now worth three times as much as its former parent
Once the crown jewel of American International Group Inc., pan-Asian life insurer AIA has eclipsed its former parent thanks to soaring demand from China’s middle class.
Hong Kong-listed AIA Group Ltd., whose shares hit fresh records this month, now boasts a market capitalization of around $123 billion, more than three times that of AIG.
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