AIA Group Ltd.
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
Financial Highlights
Dec 2022 | HKD | USD |
Revenue | 326,296.48M | 41,670.00M |
Gross Profit | -- | -- |
Operating income | 14,329.79M | 1,830.00M |
Income before tax | 4,095.34M | 523.00M |
Net income | 2,208.19M | 282.00M |
EBITDA | -- | -- |
Diluted EPS | 0.18 | 0.02 |
Dividends Per Share | 1.53 | 0.19 |
Total Assets | 2,325.29B | 297,926.00M |
Total liabilities | 2,024.41B | 259,376.00M |
Total equity | 297,337.37M | 38,096.00M |
Operating cash flow | 73,230.73M | 9,352.00M |
Currency in HKD | Currency in USD |
Historical Data
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 285,617.97M | 319,864.12M | 330,537.23M | 351,052.42M | 326,296.48M |
Gross Profit | -- | -- | -- | -- | -- |
Operating income | 31,680.66M | 63,849.02M | 64,646.21M | 66,411.12M | 14,329.79M |
Income before tax | 30,168.62M | 56,687.65M | 56,517.93M | 65,905.88M | 4,095.34M |
Net income | 22,883.29M | 46,846.64M | 44,821.89M | 57,728.86M | 2,208.19M |
EBITDA | -- | -- | -- | -- | -- |
Diluted EPS | 1.88 | 3.88 | 3.71 | 4.77 | 0.18 |
Dividends Per Share | 1.14 | 1.26 | 1.35 | 1.46 | 1.53 |
Total Assets | 1,776.62B | 2,184.03B | 2,493.33B | 2,610.84B | 2,325.29B |
Total liabilities | 1,468.10B | 1,752.40B | 1,999.66B | 2,135.78B | 2,024.41B |
Total equity | 305,391.62M | 428,136.03M | 490,043.32M | 471,418.87M | 297,337.37M |
Operating cash flow | 15,902.37M | 23,356.72M | 18,730.72M | 28,821.68M | 73,230.73M |
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 36,442.27M | 40,823.99M | 42,616.99M | 45,164.00M | 41,670.00M |
Gross Profit | -- | -- | -- | -- | -- |
Operating income | 4,042.16M | 8,148.99M | 8,334.99M | 8,544.00M | 1,830.00M |
Income before tax | 3,849.24M | 7,234.99M | 7,286.99M | 8,479.00M | 523.00M |
Net income | 2,919.70M | 5,978.99M | 5,778.99M | 7,427.00M | 282.00M |
EBITDA | -- | -- | -- | -- | -- |
Diluted EPS | 0.24 | 0.49 | 0.47 | 0.61 | 0.02 |
Dividends Per Share | 0.14 | 0.16 | 0.17 | 0.18 | 0.19 |
Total Assets | 226,919.00M | 280,299.00M | 321,561.01M | 334,883.01M | 297,926.00M |
Total liabilities | 187,513.00M | 224,904.00M | 257,893.00M | 273,949.00M | 259,376.00M |
Total equity | 39,006.00M | 54,947.00M | 63,200.00M | 60,467.00M | 38,096.00M |
Operating cash flow | 2,028.99M | 2,980.99M | 2,414.99M | 3,708.00M | 9,352.00M |
Valuation Measures
Dec 2022 | |
PER | 468.93 |
ROA | 0.08% |
ROE | 0.57% |
Operating margin | 4.39% |
Profit margin | 0.67% |
Management
- President, Group CEO & Executive Director: Yuan Xiang Li
- Group Chief Technology & Operations Officer: Biswa Misra
- Group Chief Financial Officer: Garth Jones
- Group Chief Investment Officer: Mark Konyn
- Group Chief Risk Officer: Jayne Plunkett
Shareholders
- Capital Research & Management Co. (World Investors) (4.2%)
- The Vanguard Group, Inc. (3.4%)
- BlackRock Fund Advisors (1.7%)
- Norges Bank Investment Management (1.7%)
- JPMorgan Investment Management, Inc. (1.5%)
- Fidelity Management & Research Co. LLC (1.3%)
- Schroder Investment Management Ltd. (1.1%)
- Hang Seng Investment Management Ltd. (1.1%)
- Capital Research & Management Co. (Global Investors) (1.0%)
- Capital International Ltd. (1.0%)
Contact Details
- Website:http://www.aia.com
- Address: AIA Central, No. 1 Connaught Road Central, Hong Kong, Hong Kong
- Phone: +852.2232.8888
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- AIA - Austrian Imperial Arts eU
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- AIA International Ltd. (Taiwan)
- AIA Reinsurance Ltd.
- Aia Singapore Pte Ltd. Non Participating Fund
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- American International Assurance Co. Ltd. /Brunei Branch/
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- ING PUBLIC Takaful Ehsan Bhd.
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Competitors
- Aegon N.V.
- Max Financial Services Limited
- Seojin Automotive Co., Ltd
- Xurpas Inc
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