AIA Group Limited operates in the Life insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares AIA Group Limited with three other
insurance companies in Asia:
Japan Post Insurance Co Ltd
of JAPAN
(2020
sales of 7.09 trillion Japanese Yen [US$64.94 billion]
of which 100%
was Insurance & Related Activities),
China Taiping Insurance Holdings Company Limited
(274.13 billion Hong Kong Dollars [US$35.20 billion]
of which 77%
was Life Insurance), and
Dai-ichi Life Holdings Inc
which is
based in JAPAN
(6.31 trillion Japanese Yen [US$57.76 billion]
of which 93%
was local insurance).
Sales Analysis.
During the second
quarter of 2021, sales at AIA Group Limited totalled
HK$191.47 billion.
This is
an increase of 31.8%
from the HK$145.30 billion in sales at the company during the second quarter of 2020.
AIA Group Limited reported sales of HK$386.45 billion (US$49.63 billion)
for the
year ending
December of 2020.
This
represents
an
increase of 3.8%
versus 2019, when the company's sales were HK$372.17 billion.
Sales of Other Non-Operating Items saw an increase
that was more than double the company's growth rate: sales were up
61.4% in 2020, from
HK$31.12 billion to HK$50.22 billion.
AIA Group Limited also saw significant increases in sales in
China (up 14.3% to HK$51.79 billion)
and
Group Corporate Center (up 15.2% to HK$4.59 billion)
.
Not all segments of AIA Group Limited experienced an increase in sales in 2020:
sales of Short-Term Flunctuations In Investment R fell 44.9% to HK$6.36 billion.
(However, this segment's sales were only a very small portion of the company's overall sales).
AIA Group Limited also experienced decreases in sales in
Hong Kong (down 0.5% to HK$134.88 billion)
and
Thailand (down 2.9% to HK$42.71 billion)
and
Malaysia (down 1.7% to HK$18.54 billion)
.