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

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, Mainland China, Other Markets, and Group Corporate Centre. The Other Markets segment includes Australia and New Zealand, Cambodia, Indonesia, Myanmar, the Philippines, South Korea, Sri Lanka, Taiwan, Vietnam, and India. The Group Corporate Centre segment consists of company functions, shared services, and eliminations of intragroup transactions. The company was founded by Cornelius Vander Starr in 1919 and is headquartered in Hong Kong.

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

HKD | USD

	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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Competitors

Aegon N.V.
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Last Updated on 22 Sep, 2023