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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, 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 2021 HKDUSD
Revenue351,052.42M45,164.00M
Gross Profit----
Operating income66,411.12M8,544.00M
Income before tax65,905.88M8,479.00M
Net income57,728.86M7,427.00M
EBITDA----
Diluted EPS4.770.61
Dividends Per Share1.460.18
Total Assets2,610.84B334,883.01M
Total liabilities2,135.78B273,949.00M
Total equity471,418.87M60,467.00M
Operating cash flow28,821.68M3,708.00M
Currency in HKDCurrency in USD

Historical Data

 Nov 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 248,555.84M 285,617.97M 319,864.12M 330,537.23M 351,052.42M
Gross Profit -- -- -- -- --
Operating income 57,058.88M 31,680.66M 63,849.02M 64,646.21M 66,411.12M
Income before tax 56,973.20M 30,168.62M 56,687.65M 56,517.93M 65,905.88M
Net income 47,665.89M 22,883.29M 46,846.64M 44,821.89M 57,728.86M
EBITDA -- -- -- -- --
Diluted EPS 3.97 1.88 3.88 3.71 4.77
Dividends Per Share 1 1.14 1.26 1.35 1.46
Total Assets 1,665.21B 1,776.62B 2,184.03B 2,493.33B 2,610.84B
Total liabilities 1,334.27B 1,468.10B 1,752.40B 1,999.66B 2,135.78B
Total equity 327,981.53M 305,391.62M 428,136.03M 490,043.32M 471,418.87M
Operating cash flow 11,947.62M 15,902.37M 23,356.72M 18,730.72M 28,821.68M
 Nov 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 31,912.99M 36,442.27M 40,823.99M 42,616.99M 45,164.00M
Gross Profit -- -- -- -- --
Operating income 7,325.99M 4,042.16M 8,148.99M 8,334.99M 8,544.00M
Income before tax 7,314.99M 3,849.24M 7,234.99M 7,286.99M 8,479.00M
Net income 6,119.99M 2,919.70M 5,978.99M 5,778.99M 7,427.00M
EBITDA -- -- -- -- --
Diluted EPS 0.51 0.24 0.49 0.47 0.61
Dividends Per Share 0.12 0.14 0.16 0.17 0.18
Total Assets 213,209.99M 226,919.00M 280,299.00M 321,561.01M 334,883.01M
Total liabilities 170,837.99M 187,513.00M 224,904.00M 257,893.00M 273,949.00M
Total equity 41,993.99M 39,006.00M 54,947.00M 63,200.00M 60,467.00M
Operating cash flow 1,533.99M 2,028.99M 2,980.99M 2,414.99M 3,708.00M

Valuation Measures

Dec 2021
PER16.42
ROA2.26%
ROE12.00%
Operating margin18.91%
Profit margin16.44%

Key executives

  • President, Group CEO & Executive Director: Yuan Xiang Li
  • Group Chief Financial Officer: Garth Jones
  • Group Chief Technology Officer: Biswa Misra
  • Group Chief Investment Officer: Mark Konyn
  • Group Chief Risk Officer: Jayne Plunkett

Shareholders

  • Capital Research & Management Co. (World Investors) (3.6%)
  • The Vanguard Group, Inc. (2.6%)
  • BlackRock Fund Advisors (1.7%)
  • Capital Research & Management Co. (Global Investors) (1.6%)
  • JPMorgan Investment Management, Inc. (1.5%)
  • Fidelity Management & Research Co. LLC (1.5%)
  • Norges Bank Investment Management (1.5%)
  • Baillie Gifford & Co. (1.1%)
  • State Street Global Advisors Asia Ltd. (1.1%)
  • FIL Investment Management (Hong Kong) Ltd. (0.9%)

Contact Details

  • Website:http://www.aia.com
  • Address: 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.
  • Blue Care JV (BVI) Holdings 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.

Competitors

  • Aegon N.V.
  • Swiss Re AG
Last Updated on 7 Dec, 2022

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