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:
Hanwha Corporation
of KOREA (SOUTH)
(2020
sales of 50.93 trillion Korean Won [US$45.58 billion]
of which 58%
was Finance Business),
Dai-ichi Life Holdings Inc
of JAPAN
(6.31 trillion Japanese Yen [US$58.33 billion]
of which 93%
was local insurance), and
China Taiping Insurance Holdings Company Limited
(268.17 billion Hong Kong Dollars [US$34.54 billion]
).
Sales Analysis.
AIA Group Limited reported sales of HK$386.45 billion (US$49.77 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)
.