AIA Group Ltd 01299

Morningstar Rating
HK$74.55 +2.80 (3.90%)
View Full Chart

Company Report

AIA's New Business Growth Remains Strong Despite High Base in 2023

As a leading life insurer in the Asia-Pacific region, AIA enjoys an entrenched position in most markets in which it operates. While we expect regional growth to be sluggish over the next 12 months, we believe AIA's established and broad distribution networks, strong product offerings, and diversified geographic mix should enable the company to maintain decent sales growth and support a valuation premium over peers.

Price vs Fair Value

01299 is trading at a 533% premium.
Price
HK$74.55
Fair Value
HK$12.00
Uncertainty
High
1-Star Price
HK$731.80
5-Star Price
HK$31.90
Economic Moat
Lhkpc
Capital Allocation
Ykfxwtvl

Bulls Say, Bears Say

Bulls

AIA's diverse markets result in relatively stable revenue growth.

Bears

The appreciation of the US dollar against major Asia-Pacific currencies will drag on AIA's reported new business value.

News

Trading Information

Previous Close Price
HK$71.75
Day Range
HK$70.6074.60
52-Week Range
HK$45.2574.60
Bid/Ask
HK$74.45 / HK$74.55
Market Cap
HK$812.08 Bil
Volume/Avg
71.3 Mil / 37.6 Mil

Key Statistics

Price/Earnings (Normalized)
21.74
Price/Sales
5.79
Dividend Yield (Trailing)
2.19%
Dividend Yield (Forward)
1.19%
Total Yield
5.41%

Company Profile

Headquartered in Hong Kong, AIA is one of the largest pan-Asian insurance providers with a wide range of products including retirement savings plans, life insurance, and accident and health insurance. It was previously part of American International Group and went for a separate listing in Hong Kong in 2010. The firm also provides employee benefits, credit life, and pension services to corporate clients. AIA is present in 18 markets and serves the holders of more than 30 million individual policies and over 16 million participating members of group insurance schemes.
Sector
Financial Services
Industry
Insurance - Life
Stock Style Box
Large Core
Total Number of Employees
27,320

Competitors

Valuation

Metric
01299
PUK
601628
Price/Earnings (Normalized)
21.749.8252.46
Price/Book Value
2.671.562.52
Price/Sales
5.793.372.43
Price/Cash Flow
16.073.02
Price/Earnings
01299
PUK
601628

Financial Strength

Metric
01299
PUK
601628
Quick Ratio
Current Ratio
Interest Coverage
12.108.65
Quick Ratio
No chart available

Profitability

Metric
01299
PUK
601628
Return on Assets (Normalized)
2.23%0.13%0.95%
Return on Equity (Normalized)
15.38%1.27%12.06%
Return on Invested Capital (Normalized)
12.10%1.48%5.76%
Return on Assets
01299
PUK
601628

Insurance - Life Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
China Life Insurance Co Ltd Class H
CILJF
Vgs$146.4 Bil
Ping An Insurance (Group) Co. of China Ltd Class H
PIAIF
TvmtgpbMfnlk$140.0 Bil
Ping An Insurance (Group) Co. of China Ltd ADR
PNGAY
Yhmr$140.0 Bil
AIA Group Ltd ADR
AAGIY
Gql$100.7 Bil
AIA Group Ltd
AAIGF
Qstk$100.7 Bil
Aflac Inc
AFL
NjmbfkdMfxlv$63.6 Bil
MetLife Inc
MET
NtznwfcvMjfv$56.9 Bil
Manulife Financial Corp
MFC
NtwgxgwgqRqbm$52.6 Bil
Prudential Financial Inc
PRU
TvkxclvhGvn$42.4 Bil
Prudential PLC ADR
PUK
VwlmgwjspRmlxr$25.1 Bil

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