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Finance

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, 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 2020 HKDUSD
Revenue330,537.23M42,616.99M
Gross Profit----
Operating income64,646.21M8,334.99M
Income before tax56,517.93M7,286.99M
Net income44,821.89M5,778.99M
EBITDA----
Diluted EPS3.710.47
Dividends Per Share1.350.17
Total Assets2,493.33B321,561.01M
Total liabilities1,999.66B257,893.00M
Total equity490,043.32M63,200.00M
Operating cash flow18,730.72M2,414.99M
Currency in HKDCurrency in USD

Historical Data

 Nov 2016Nov 2017Dec 2018Dec 2019Dec 2020
Revenue 205,344.66M 248,555.84M 285,617.97M 319,864.12M 330,537.23M
Gross Profit -- -- -- -- --
Operating income 37,147.70M 57,058.88M 31,680.66M 63,849.02M 64,646.21M
Income before tax 37,854.01M 56,973.20M 30,168.62M 56,687.65M 56,517.93M
Net income 32,319.89M 47,665.89M 22,883.29M 46,846.64M 44,821.89M
EBITDA -- -- -- -- --
Diluted EPS 2.71 3.97 1.88 3.88 3.71
Dividends Per Share 0.85 1 1.14 1.26 1.35
Total Assets 1,419.68B 1,665.21B 1,776.62B 2,184.03B 2,493.33B
Total liabilities 1,145.79B 1,334.27B 1,468.10B 1,752.40B 1,999.66B
Total equity 271,358.64M 327,981.53M 305,391.62M 428,136.03M 490,043.32M
Operating cash flow 17,673.48M 11,947.62M 15,902.37M 23,356.72M 18,730.72M
 Nov 2016Nov 2017Dec 2018Dec 2019Dec 2020
Revenue 26,455.99M 31,912.99M 36,442.27M 40,823.99M 42,616.99M
Gross Profit -- -- -- -- --
Operating income 4,785.99M 7,325.99M 4,042.16M 8,148.99M 8,334.99M
Income before tax 4,876.99M 7,314.99M 3,849.24M 7,234.99M 7,286.99M
Net income 4,163.99M 6,119.99M 2,919.70M 5,978.99M 5,778.99M
EBITDA -- -- -- -- --
Diluted EPS 0.35 0.51 0.24 0.49 0.47
Dividends Per Share 0.11 0.12 0.14 0.16 0.17
Total Assets 183,028.01M 213,209.99M 226,919.00M 280,299.00M 321,561.01M
Total liabilities 147,718.00M 170,837.99M 187,513.00M 224,904.00M 257,893.00M
Total equity 34,984.00M 41,993.99M 39,006.00M 54,947.00M 63,200.00M
Operating cash flow 2,276.99M 1,533.99M 2,028.99M 2,980.99M 2,414.99M

Valuation Measures

Dec 2020
PER25.56
ROA1.91%
ROE9.76%
Operating margin19.55%
Profit margin13.56%

Key executives

  • 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
  • Regional Chief Executive: Bill Lisle

Shareholders

  • Capital Research & Management Co. (World Investors) (4.4%)
  • Capital Research & Management Co. (Global Investors) (2.8%)
  • The Vanguard Group, Inc. (2.3%)
  • BlackRock Fund Advisors (1.7%)
  • Fidelity Management & Research Co. LLC (1.6%)
  • Norges Bank Investment Management (1.6%)
  • Invesco Advisers, Inc. (1.4%)
  • JPMorgan Investment Management, Inc. (1.4%)
  • Baillie Gifford & Co. (1.4%)
  • Massachusetts Financial Services Co. (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 Ltd. (13F Subfiler)
  • AIA Services New Zealand Ltd.
  • AIA Investment Management (Thailand) Ltd.
  • AIA Corp. Jiangmen Branch
  • AIA Investment Management HK Ltd.
  • American International Assurance Co. (Bermuda) Ltd. (USA)
  • AIA Insurance Lanka PLC (DSG)
  • AIA Group Ltd. (DSG)
  • AIA Bhd. (DSG)
  • AIA Australia Ltd. (DSG)
  • AIA Investment Management Holding Co.
  • AIA International Ltd. (Bermuda)
  • AIA Co., Ltd. (Beijing Branch)
  • AIA Group Capital Pte Ltd.
  • AIA Shared Services Sdn. Bhd.
  • AIA International Ltd. (New Zealand)
  • AIA - Austrian Imperial Arts eU
  • 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
  • AIA Thailand
  • American International Assurance Co. Ltd. /Brunei Branch/
  • AIA Asia Ltd.
  • ING PUBLIC Takaful Ehsan Bhd.
  • AIA Company, Limited
  • AIA Company (Trustee) Ltd.
  • AIA International Ltd. (South Korea)

Competitors

  • Prudential plc
  • Aegon NV
  • Swiss Re AG
Last Updated on 16 Apr, 2021

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