|Bid||68.050 x 0|
|Ask||68.100 x 0|
|Day's range||68.000 - 69.500|
|52-week range||54.500 - 75.000|
|PE ratio (TTM)||17.09|
|Earnings date||26 Jul 2018 - 30 Jul 2018|
|Forward dividend & yield||1.00 (1.44%)|
|1y target est||78.68|
Mark Konyn, chief investment officer at AIA Group, discusses market reaction to the Trump-Kim summit and where he's seeing opportunity. He speaks on "Bloomberg Markets: Asia." (Source: Bloomberg)...
Commonwealth Bank of Australia (CBA) is selling its 37.5 percent stake in a Chinese life insurer to Japan's Mitsui Sumitomo Insurance Co for 3.2 billion yuan ($502.67 million), in a bid to simplify its portfolio and focus on its core banking business. CBA said on Wednesday it will record an after-tax gain of about A$450 million ($341.01 million) on the sale of the stake in BoComm Life Insurance, which it jointly owns with China's Bank of Communications Co Ltd. Mitsui Sumitomo is a unit of Japan's MS&AD Insurance Group Holdings Inc.
May 23 (Reuters) - Commonwealth Bank Of Australia: * SELLS 37.5% EQUITY INTEREST IN BOCOMM LIFE INSURANCE CO TO MITSUI SUMITOMO INSURANCE CO FOR RMB3.2 BILLION * DEAL EXPECTED TO RESULT IN AN INDICATIVE ...
China Tower, the world's biggest operator of mobile phone towers, has applied to list its shares in Hong Kong in what could become the city's second $10 billion offering this year. The company, formed in 2014 from the towers operations of China's three state-backed telecoms providers, filed its application for an initial public offering (IPO) on Monday.
Chinese online healthcare solutions platform WeDoctor, which is backed by tech giant Tencent Holdings Ltd, said on Wednesday it had raised $500 million from several investors, valuing the firm at $5.5 billion ahead of a listing this year. The investment round was led by AIA Company Ltd, part of Hong Kong-listed insurer AIA Group Ltd, and infrastructure and services group NWS Holdings Ltd. WeDoctor is among a spate of technology-driven firms looking to shake up China's overburdened public healthcare market, with increasingly affluent consumers willing to pay for ways to get more convenient access to doctors and health services.
Insurer AIA Group Ltd on Friday reported a 20 percent rise in new business in the fiscal first quarter, as demand for insurance products remained strong in its key markets of China and Hong Kong. Foreign insurers including AIA are gaining market share in China, the world's second-largest economy, aided by a regulatory crackdown on short-term investments packaged as insurance that has hurt many of their local rivals. AIA, however, is the only wholly owned foreign insurance firm in China as its operations were set up before the restrictions were introduced.
AIA Group Ltd., the second-largest Asia-Pacific insurer by market value, said its value of new business rose 26 percent in the first quarter, as growth in China offset slowing Hong Kong sales. AIA is increasingly reliant on China to drive growth. In Hong Kong, AIA’s biggest market, sales to mainland visitors have slowed since China introduced curbs to slow capital outflows, and a stronger domestic currency reduced incentives for residents to move assets offshore.
May 4 (Reuters) - AIA Group Ltd: * Q1 VONB MARGIN 59.7% * IN Q1, 20% GROWTH IN VONB TO $1,021 MILLION * IN Q1, 1 PERCENT INCREASE IN ANNUALISED NEW PREMIUMS TO $1,696 MILLION Source text for Eikon: Further ...
Insurer AIA Group Ltd on Friday reported a 20 percent rise in its new business in the fiscal first quarter, as demand for insurance products remained strong in its key markets of China and Hong Kong. The insurer's value of new business, which measures expected profits from new premiums and is a key gauge for growth, rose to $1.02 billion during the quarter from $811 million a year earlier, a company statement said. China and Hong Kong together account for about half of new business growth globally at AIA, which was founded in Shanghai nearly 100 years ago and was the first foreign insurer to be granted a license in China.
Commonwealth Bank of Australia said on Thursday it is undertaking a strategic review of its Indonesian life insurance business, PT Commonwealth Life, and that it has engaged external advisers for guidance on a possible sale of the venture. The decision follows an earlier announcement of the proposed sale of the bank's life insurance businesses in Australia and New Zealand to AIA Group, the company added in a statement. Reuters had earlier reported, citing people familiar with the matter, that Australia's biggest lender was considering selling its majority stake in an Indonesian insurance venture in a deal valued at up to $250 million.
When Zhang Xixi, a 25-year-old staffer at an online financial company in China's southern province of Guangdong, decided last year to buy personal insurance for the first time, he was swamped with options. Local insurers rushed to offer him products with attractive financial returns. Customers like Zhang are helping foreign insurers quickly gain market share in China, aided by a regulatory crackdown on short-term investments packaged as insurance that has hurt many of their local rivals.
March 12 (Reuters) - Universal Scientific Industrial Shanghai Co Ltd: * SAYS IT HAS SOLD 1.44 MILLION SHARES IN AIA GROUP FOR HK$97.1 MILLION ($12.39 million) ON MARCH 12 Source text in Chinese: http://bit.ly/2IhyVnk ...
Feb 27 (Reuters) - AIA Group: * SHARES SET TO OPEN UP 3 PERCENT AFTER POSTING 28 PERCENT RISE IN 2017 NEW BUSINESS VALUE Source text for Eikon: Further company coverage: (Reporting by Sumeet Chatterjee)...
AIA Group Ltd on Tuesday posted a 28 percent rise in new business in the latest fiscal year, meeting forecasts, as the insurer gained from sustained demand in its core markets of Hong Kong and China. AIA's value of new business, which measures expected profits from new premiums and is a key gauge for growth, rose to $3.51 billion for the year ended Nov. 30, up from $2.75 billion a year ago, the company said in a filing with the exchange. Analysts had expected AIA to post a 28 percent jump in value of new business to $3.52 billion, as per Thomson Reuters data.
Feb 27 (Reuters) - AIA Group Ltd: * EXPECTS FINAL NET CASH OUTLAY ABOUT US$1.5 BILLION ON CBA DEAL AFTER EXPECTED REINSURANCE AGREEMENTS Source text for Eikon: Further company coverage:
Feb 27 (Reuters) - Aia Group Ltd: * IN FY 28 PER CENT GROWTH IN VONB TO US$3,512 MILLION * FY ANNUALISED NEW PREMIUMS INCREASED BY 19 PER CENT TO US$6,092 MILLION * SAYS 17 PER CENT GROWTH IN FINAL DIVIDEND ...
Australia's QBE Insurance Group on Monday said it would exit Latin America to focus on its struggling units in Asia Pacific and North America, as it confirmed a record annual loss hurt by claims from natural disasters. The country's second-largest listed insurer by market size said it had agreed to sell its Latin American business to Zurich Insurance, for $409 million, making good on its promise to be smaller and less complex.
Australia's biggest insurer, QBE Insurance Group, reported an annual loss on Monday, as claims from natural disasters soared and its emerging-markets business underperformed. The insurer had said last month that it would record an after-tax loss of $1.2 billion as payouts related to California wildfires, storms in Australia and Hurricane Maria weighed on earnings. "Natural disasters were not the only challenge confronted by QBE during the year, with the performance of the Emerging Markets division a major disappointment due to adverse claims experience in numerous portfolios," the company said in a statement.
Australia's biggest insurer QBE Insurance Group reported an annual loss on Monday as it reels from a claims blowout from natural disasters at home and overseas. Annual cash loss came in at $258 million compared with a profit of $898 million a year ago as payouts related to massive California wildfires, storms in Australia and Hurricane Maria weighed on earnings.
Commonwealth Bank of Australia (CBA) will consider selling its majority stake in an Indonesian insurance venture, with any deal likely valuing the insurer at up to $250 million, people familiar with the matter said. Australia's biggest lender is in talks with some investment banks and is expected to hire a financial adviser soon to help it decide on its 80 percent stake in PT Commonwealth Life, the people said.
SYDNEY (Reuters) - Recent Australian life insurance sales (ranked by deal value) *CommInsure (2017) - Commonwealth Bank of Australia, the country's biggest lender, sells its life insurance unit to Hong ...
Jun.12 -- Mark Konyn, chief investment officer at AIA Group, discusses market reaction to the Trump-Kim summit and where he's seeing opportunity. He speaks on "Bloomberg Markets: Asia."