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AIA Group Ltd 01299 Stock Quote

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XHKG: 01299

Last close prices updated as of Jun 01, 2023, 3:50 PM HKT | HKD
  • Last Close 75.1
  • Sector Financial Services
  • Industry Insurance - Life
  • Investment Style Large Value
  • Day Range 75.40  –  76.55
  • Year Range 57.25  –  93.65
  • Market Cap 875.3961 Bil
  • Volume / Avg 27.4 Mil /  20.6 Mil
  • Price / Sales 5.99
  • Price / Book 2.92
  • Forward Div Yield 2.05%
  • Trailing Div Yield 0.97%

Morningstar‘s Stock Analysis 01299

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Capital Allocation


AIA Group: VONB Beats Expectations, Shares React Positively but Are Fairly Valued

Iris Tan Senior Equity Analyst

Analyst Note

| Iris Tan |

AIA was up slightly in midday Hong Kong trading following decent first-quarter financial highlights. The value of new business growth accelerated to 23% on an actual exchange rate basis. With the strong start to the year, we now expect AIA’s full-year VONB to grow at a high-teens pace following a 4-percentage-point increase in our premium growth assumption for 2023. However, our fair value estimate stays at HKD 96, given the lower embedded value contribution from VONB and reduced assumption on returns. AIA is fairly valued, trading at 1.7 times 2023 embedded value equity per share, versus the 0.2-0.6 times of Chinese peers. Though we expect strong momentum to continue, we believe the current valuation premium already reflects its resilient and stronger-than-peer VONB growth in 2023. We expect embedded value to recover at a mid-single-digit pace in 2023.

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Key Statistics 01299

Company Profile 01299

Business Description

As 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, AIA is headquartered in Hong Kong. The company was previously part of AIG 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.

No. 1 Connaught Road Central, 35th Floor, AIA Central
Hong Kong, HKG
Industry Insurance - Life
Employees 25,405

Related Articles 01299

Competitors & Peers 01299

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of 01299’s competitive advantage.

AIA Group Ltd

XHKG: 01299

Prudential PLC


China Life Insurance Co Ltd Class A

XSHG: 601628

Ping An Insurance (Group) Co. of China Ltd Class A

XSHG: 601318
+$0.45 (0.60%) +$25.00 (2.37%) +$0.46 (1.23%) +$0.45 (0.96%)
Market Cap
875.40 Bil2.98 Tril1.07 Tril867.40 Bil
Insurance - Life Insurance - Life Insurance - Life Insurance - Life
Financial Services
Financial Services
Financial Services
Financial Services

* Trading data in this section is delayed by at least 15 minutes.

FAQs for AIA Group Ltd Stock

Yes. 01299 has a forward dividend yield of 2.05%. See 01299’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

01299’s market cap is 875.40 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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01299’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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01299’s price/sales is 5.99.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

01299’s price/forward earnings is 406.36.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

01299’s price/book is 2.94.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See 01299’s valuation ratios compared to the Market Index.

01299’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare 01299’s historical performance against its industry peers and the overall market.