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Finance

AIA Group

  • 79.70 HKD
  • -0.15
  • -0.19%
  • Hong Kong
    Apr 25, 2019
  • Ticker
    HKG(1299)
  • Prev. close
    79.85
  • Market cap (HKD)
    964,953.37M
  • Market cap (USD)
    123,054.89M
  • Shares
    12,084.57M

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.

Business Summary

AIA Group Ltd. is an investment holding company, which engages in the provision of life insurance. It operates through the following geographical segments: Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, Cambodia, a 97 per cent subsidiary in Sri Lanka, a 49 per cent joint venture in India, and a representative office in Myanmar. The company was founded by Cornelius Vander Starr in 1919 and is headquartered in Hong Kong.

Financial Highlights

Dec 2018 HKDUSD
Revenue285,617.97M36,442.27M
Gross Profit----
Operating income31,680.66M4,042.16M
Income before tax30,168.62M3,849.24M
Net income22,883.29M2,919.70M
EBITDA----
Diluted EPS1.880.24
Dividends Per Share1.140.14
Total Assets1,776.62B226,919.00M
Total liabilities1,468.10B187,513.00M
Total equity305,391.62M39,006.00M
Operating cash flow15,902.37M2,028.99M
Currency in HKDCurrency in USD

Historical Data

 Nov 2014Nov 2015Nov 2016Nov 2017Dec 2018
Revenue 172,764.63M 183,371.78M 205,344.66M 248,555.84M 285,617.97M
Gross Profit -- -- -- -- --
Operating income 33,561.88M 23,250.97M 37,147.70M 57,058.88M 31,680.66M
Income before tax 33,585.15M 25,972.24M 37,854.01M 56,973.20M 30,168.62M
Net income 26,753.35M 20,863.07M 32,319.89M 47,665.89M 22,883.29M
EBITDA -- -- -- -- --
Diluted EPS 2.24 1.70 2.71 3.97 1.88
Dividends Per Share 0.50 0.69 0.85 1 1.14
Total Assets 1,281.60B 1,286.59B 1,419.68B 1,665.21B 1,776.62B
Total liabilities 1,041.55B 1,057.59B 1,145.79B 1,334.27B 1,468.10B
Total equity 238,900.53M 227,915.08M 271,358.64M 327,981.53M 305,391.62M
Operating cash flow -9,282.25M 13,172.19M 17,673.48M 11,947.62M 15,902.37M
 Nov 2014Nov 2015Nov 2016Nov 2017Dec 2018
Revenue 22,278.99M 23,651.99M 26,455.99M 31,912.99M 36,442.27M
Gross Profit -- -- -- -- --
Operating income 4,327.99M 2,998.99M 4,785.99M 7,325.99M 4,042.16M
Income before tax 4,330.99M 3,349.99M 4,876.99M 7,314.99M 3,849.24M
Net income 3,449.99M 2,690.99M 4,163.99M 6,119.99M 2,919.70M
EBITDA -- -- -- -- --
Diluted EPS 0.29 0.22 0.35 0.51 0.24
Dividends Per Share 0.06 0.08 0.11 0.12 0.14
Total Assets 165,261.99M 165,969.99M 183,028.01M 213,209.99M 226,919.00M
Total liabilities 134,306.99M 136,429.99M 147,718.00M 170,837.99M 187,513.00M
Total equity 30,805.99M 29,400.99M 34,984.00M 41,993.99M 39,006.00M
Operating cash flow -1,196.99M 1,698.99M 2,276.99M 1,533.99M 2,028.99M

Valuation Measures

Dec 2018
PER34.55
ROA1.32%
ROE7.22%
Operating margin11.09%
Profit margin8.01%

Key executives

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

Shareholders

  • Capital Research & Management Co. (World Investors) (4.8%)
  • Capital Research & Management Co. (Global Investors) (2.7%)
  • The Vanguard Group, Inc. (2.6%)
  • BlackRock Fund Advisors (1.7%)
  • JPMorgan Investment Management, Inc. (1.7%)
  • Schroder Investment Management Ltd. (1.4%)
  • Norges Bank Investment Management (1.4%)
  • Fidelity Management & Research Co. (1.2%)
  • OppenheimerFunds, Inc. (1.0%)
  • State Street Global Advisors Asia Ltd. (0.9%)

Contact Details

  • Website:http://www.aia.com
  • Address: 35th Floor, AIA Central, No. 1 Connaught Road Central, Hong Kong, Hong Kong
  • Phone: +852.2232.8888

Related Companies

  • AIA Group Capital Pte Ltd.
  • AIA Shared Services Sdn. Bhd.
  • AIA International Ltd. (New Zealand)
  • AIA - Austrian Imperial Arts eU
  • AIA Investment Management Pte Ltd.
  • AIA Group Ltd. Guangdong Branch
  • AIA Group Ltd. (China)
  • AIA International Ltd. (Taiwan)
  • AIA Reinsurance Ltd.
  • Aia Singapore Pte Ltd. Non Participating Fund
  • AIA Singapore Pte Ltd. Participating Fund
  • American International Assurance Co. Ltd. /Brunei Branch/
  • AIA Asia Ltd.
  • ING PUBLIC Takaful Ehsan Bhd.
  • AIA Company, Limited
  • AIA Company (Trustee) Ltd.
  • Investors Trust Assurance SPC
  • AIA International Ltd. (South Korea)
  • Orange Policy Sdn. Bhd.
  • AIA Singapore Agents Provident Fund
  • American International Assurance Co. Australia Ltd.

Competitors

  • Prudential plc
Last Updated on 25 Apr, 2019

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