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Finance

AIA Group Ltd.

  • 68.75 HKD
  • +0.60
  • +0.84%
  • Hong Kong
    Jul 18, 2018
  • Ticker
    HKG(1299)
  • Prev. close
    67.70
  • Market cap (HKD)
    817,559.31M
  • Market cap (USD)
    104,154.85M
  • Shares
    12,076.20M

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

Nov 2017 HKDUSD
Revenue248,555.84M31,912.99M
Gross Profit----
Operating income57,058.88M7,325.99M
Income before tax56,973.20M7,314.99M
Net income47,665.89M6,119.99M
EBITDA----
Diluted EPS3.970.51
Dividends Per Share10.12
Total Assets1,665.21B213,209.99M
Total liabilities1,334.27B170,837.99M
Total equity327,981.53M41,993.99M
Operating cash flow11,947.62M1,533.99M
Currency in HKDCurrency in USD

Historical Data

 Nov 2013Nov 2014Nov 2015Nov 2016Nov 2017
Revenue 160,122.78M 172,764.63M 183,371.78M 205,344.66M 248,555.84M
Gross Profit -- -- -- -- --
Operating income 26,061.44M 33,561.88M 23,250.97M 37,147.70M 57,058.88M
Income before tax 27,356.76M 33,585.15M 25,972.24M 37,854.01M 56,973.20M
Net income 21,904.02M 26,753.35M 20,863.07M 32,319.89M 47,665.89M
EBITDA -- -- -- -- --
Diluted EPS 1.86 2.24 1.70 2.71 3.97
Dividends Per Share 0.42 0.50 0.69 0.85 1
Total Assets 1,132.06B 1,281.60B 1,286.59B 1,419.68B 1,665.21B
Total liabilities 939,590.16M 1,041.55B 1,057.59B 1,145.79B 1,334.27B
Total equity 191,350.90M 238,900.53M 227,915.08M 271,358.64M 327,981.53M
Operating cash flow 7,151.38M -9,282.25M 13,172.19M 17,673.48M 11,947.62M
 Nov 2013Nov 2014Nov 2015Nov 2016Nov 2017
Revenue 20,643.99M 22,278.99M 23,651.99M 26,455.99M 31,912.99M
Gross Profit -- -- -- -- --
Operating income 3,359.99M 4,327.99M 2,998.99M 4,785.99M 7,325.99M
Income before tax 3,526.99M 4,330.99M 3,349.99M 4,876.99M 7,314.99M
Net income 2,823.99M 3,449.99M 2,690.99M 4,163.99M 6,119.99M
EBITDA -- -- -- -- --
Diluted EPS 0.24 0.29 0.22 0.35 0.51
Dividends Per Share 0.05 0.06 0.08 0.11 0.12
Total Assets 146,023.01M 165,261.99M 165,969.99M 183,028.01M 213,209.99M
Total liabilities 121,196.00M 134,306.99M 136,429.99M 147,718.00M 170,837.99M
Total equity 24,682.00M 30,805.99M 29,400.99M 34,984.00M 41,993.99M
Operating cash flow 921.99M -1,196.99M 1,698.99M 2,276.99M 1,533.99M

Valuation Measures

Nov 2017
PER15.93
ROA3.09%
ROE15.90%
Operating margin22.95%
Profit margin19.17%

Key executives

  • President, Group CEO & Executive Director: Keng Hooi Ng
  • 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) (4.8%)
  • Temasek Holdings Pte Ltd. (Investment Management) (2.9%)
  • The Vanguard Group, Inc. (2.5%)
  • Capital Research & Management Co. (Global Investors) (2.4%)
  • Norges Bank Investment Management (1.4%)
  • Schroder Investment Management Ltd. (1.3%)
  • BlackRock Fund Advisors (1.3%)
  • Fidelity Management & Research Co. (1.2%)
  • State Street Global Advisors Asia Ltd. (1.0%)
  • OppenheimerFunds, Inc. (1.0%)

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 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
  • 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 Insurance Lanka Plc
  • AIA International Ltd. (South Korea)
  • Orange Policy Sdn. Bhd.
  • AIA Singapore Agents Provident Fund
  • American International Assurance Co. Australia Ltd.

Competitors

  • Prudential plc
  • Manulife Financial Corporation
Last Updated on 18 Jul, 2018

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