Asia300

AIA Group Ltd.

Hong Kong

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  • 3m
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  • 1y
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Jul 24, 2017
Prev close: 58.9
Jul 24, 2017
Market cap:
Market cap(USD):
711,163.93M
91,104.89M
Shares: 12,074.08M

Currency in HKD

Company profile

Market(Ticker): HKG(1299)
Sector:
Industry:
Finance
Life/Health Insurance
Full time employees: --

Business summary

AIA Group Ltd. is an investment holding company, which engages in the provision of general insurance services. The firm offers individuals and businesses with products and services for insurance, protection, savings, investment, and retirement needs. The company was founded by Cornelius Vander Starr in 1919 and is headquartered in Hong Kong.

Company background

AIA Group is the largest independent life insurance company in the Asia-Pacific region, with total assets of more than $160 billion. It has a presence in 18 markets including mainland China, Hong Kong, Singapore, Thailand, Australia, Indonesia and India. AIA serves the holders of over 28 million individual policies and more than 16 million participating members of group insurance schemes.

The company was established in Shanghai by American Cornelius Vander Starr in 1919, and it has been expanding its network in Asia ever since. AIA was formerly AIG's Asian operations, but AIG sold off its holdings of AIA shares when AIA went public on the main board of the Hong Kong Stock Exchange in 2010, raising about $20.5 billion. This was the third largest-ever IPO globally at the time.

Mark Tucker became CEO in 2010. Before joining AIA, he served as Group Chief Executive of Prudential. In 2014, AIA signed a sponsorship deal with the Tottenham Hotspur professional soccer team in the English Premier League. The AIA logo appears on the club's uniform in all matches until 2019, by which the company intends to enhance its brand worldwide.

In the news

Financial highlights

Nov 2016

  • Local currency
  • US Dollar
Revenue 205,344.66M
Gross profit --
Operating income 37,147.70M
Income before tax 37,854.01M
Net income 32,319.89M
EBITDA --
Diluted EPS 2.71
Dividends per share 0.85
Total assets 1,419.68B
Total liabilities 1,145.79B
Total equity 271,358.64M
Operating cash flow 17,673.48M

Currency in HKD

Revenue 26,455.99M
Gross profit --
Operating income 4,785.99M
Income before tax 4,876.99M
Net income 4,163.99M
EBITDA --
Diluted EPS 0.35
Dividends per share 0.11
Total assets 183,028.01M
Total liabilities 147,718.00M
Total equity 34,984.00M
Operating cash flow 2,276.99M

Currency in USD

Valuation measures

Nov 2016

PER 17.41
ROA 2.38%
ROE 12.94%
Operating margin 18.09%
Profit margin 15.73%

Key executive

  • President, CEO & Executive Director: Keng Hooi Ng
  • Group Chief Technology & Operations Officer: Misra Biswa
  • Group Chief Financial Officer: Garth Jones
  • Group Chief Investment Officer: Mark Konyn
  • Regional Chief Executive: Bill Lisle

Share holders

  • Capital Research & Management Co. (World Investors)(4.8%)
  • The Vanguard Group, Inc.(2.2%)
  • Capital Research & Management Co. (Global Investors)(2.2%)
  • BlackRock Fund Advisors(1.3%)
  • Norges Bank Investment Management(1.3%)
  • Fidelity Management & Research Co.(1.2%)
  • Schroder Investment Management Ltd.(1.2%)
  • Hang Seng Investment Management Ltd.(1.2%)
  • State Street Global Advisors Asia Ltd.(1.1%)
  • OppenheimerFunds, Inc.(1.0%)

Address

  • Website: http://www.aia.com
  • Address: 35/F, AIA Central, No. 1 Connaught Road Central, Hong Kong, Hong Kong
  • Phone: +852.2832.1800

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