Report
Iris Tan
EUR 100.00 For Business Accounts Only

AIA Group Delivered Stronger than Expected NBV Growth in 2018, Other Markets' Growth Recovered

No-moat AIA Group's 2018 results reported a 22% year-on-year growth in new business value, or NBV, beating our expectation for a 15% growth. The strong NBV growth was broad-based, with all major markets delivering double-digit increases. Embedded value, or EV, growth came in line with our expectation at 10% from end of November 2017, or 7.2% from end of December 2017, the new ending date after the change in its financial year-end in 2018. In light of increasing boost from NBV and operating varia...
Underlying
AIA Group Limited

AIA Group is an investment holding company. Co. is a life insurance based financial services provider operating throughout the Asia Pacific region. Through its subsidiaries, Co. is engaged in writing of life insurance business; providing life insurance, pension, accident and health insurance and savings plans throughout Asia; and distributing related investment and other financial services products to its customers. Through a network across Asia-Pacific, Co. serves the holders of over 28 million individual policies and over 16 million participating members of group policies. As of Nov 30 2013, Co. had operations in 17 markets throughout Asia-Pacific region.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Iris Tan

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