Balance Sheet AIA Group Limited

Equities

1299

HK0000069689

Life & Health Insurance

Market Closed - Hong Kong S.E. Other stock markets 09:08:15 17/09/2024 BST			5-day change	1st Jan Change
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09-06	AIA Group Updates Ex-Dividend Data, Record Date for Interim Dividend 2024	MT
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Published financial data: AIA GROUP LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Premiums and Annuity Revenues	32.61B	33.33B	34.44B	33.91B	17.51B
Total Interest And Dividend Income	7.9B	9.12B	8.69B	-715M	-1.76B
Gain (Loss) on Sale of Investments, Total (Rev)	6.81B	8.01B	3.42B	-13.85B	4.23B
Other Revenues, Total	626M	392M	-191M	378M	-220M
Total Revenues	47.94B	50.85B	46.36B	19.72B	19.76B
Policy Benefits	31.46B	34.74B	30.06B	9.96B	12.42B
Policy Acquisition / Underwriting Costs, Total	4.28B	4.4B	4.6B	4.02B	-
Selling General & Admin Expenses, Total	2.47B	2.7B	3.03B	3.25B	-
Other Operating Expenses	599M	659M	657M	602M	1.59B
Total Operating Expenses	38.81B	42.5B	38.34B	17.83B	14.01B
Operating Income	9.14B	8.36B	8.02B	1.89B	5.75B
Interest Expense, Total	-283M	-292M	-357M	-394M	-485M
Income (Loss) on Equity Invest.	-8M	-17M	-11M	-32M	-267M
Currency Exchange Gains (Loss)	-806M	-200M	1.1B	-681M	-141M
Other Non Operating Income (Expenses)	-	-	-	-	22M
EBT, Excl. Unusual Items	8.04B	7.85B	8.75B	781M	4.88B
Restructuring Charges	-246M	-285M	-338M	-360M	-166M
Total Merger & Related Restructuring Charges	-	-	-11M	-	-
Asset Writedown	103M	-292M	65M	70M	-147M
EBT, Incl. Unusual Items	7.9B	7.27B	8.47B	491M	4.56B
Income Tax Expense	1.21B	1.49B	991M	171M	783M
Earnings From Continuing Operations	6.69B	5.78B	7.48B	320M	3.78B
Net Income to Company	6.69B	5.78B	7.48B	320M	3.78B
Minority Interest	-39M	-	-50M	-38M	-17M
Net Income - (IS)	6.65B	5.78B	7.43B	282M	3.76B
Net Income to Common Incl Extra Items	6.65B	5.78B	7.43B	282M	3.76B
Net Income to Common Excl. Extra Items	6.65B	5.78B	7.43B	282M	3.76B
Per Share Items
Net EPS - Basic	0.55	0.48	0.62	0.02	0.33
Basic EPS - Continuing Operations	0.55	0.48	0.62	0.02	0.33
Basic Weighted Average Shares Outstanding	12.04B	12.06B	12.07B	11.93B	11.52B
Net EPS - Diluted	0.55	0.48	0.61	0.02	0.33
Diluted EPS - Continuing Operations	0.55	0.48	0.61	0.02	0.33
Diluted Weighted Average Shares Outstanding	12.07B	12.08B	12.09B	11.94B	11.53B
Normalized Basic EPS	0.41	0.41	0.45	0.04	0.26
Normalized Diluted EPS	0.41	0.41	0.45	0.04	0.26
Dividend Per Share	0.16	0.17	0.19	0.2	0.21
Payout Ratio	27.3	34.56	28.91	801.06	60.92
American Depositary Receipts Ratio (ADR)	4	4	4	4	4
Supplemental Items
EBITDA	9.31B	8.52B	8.18B	2.05B	5.92B
EBITA	9.19B	8.41B	8.06B	1.93B	5.8B
EBIT	9.14B	8.36B	8.02B	1.89B	5.75B
EBITDAR	9.35B	8.53B	8.19B	2.05B	-
Total Revenues (As Reported)	47.24B	50.36B	47.52B	19.11B	-
Effective Tax Rate - (Ratio)	15.3	20.51	11.7	34.83	17.16
Total Current Taxes	610M	1.06B	981M	777M	657M
Total Deferred Taxes	598M	432M	10M	-606M	126M
Normalized Net Income	4.98B	4.9B	5.42B	450M	3.03B
Interest on Long-Term Debt	224M	264M	315M	350M	415M
Supplemental Operating Expense Items
Net Rental Expense, Total	34M	7M	6M	2M	-
Imputed Operating Lease Interest Expense	10.28M	1.69M	1.5M	508K	-
Imputed Operating Lease Depreciation	23.72M	5.31M	4.5M	1.49M	-
Stock-Based Comp., SG&A Exp. (Total)	79M	72M	80M	66M	-
Stock-Based Comp., Other (Total)	9M	8M	6M	14M	77M
Total Stock-Based Compensation	88M	80M	86M	80M	77M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Investment In Debt Securities	172B	202B	200B	165B	178B
Investment In Equity and Preferred Securities, Total	50.94B	59.79B	31.5B	25.47B	20.62B
Trading Asset Securities, Total	487M	561M	326M	-	210M
Real Estate Owned	4.83B	4.64B	4.72B	4.6B	4.5B
Mortgage Loans	655M	639M	569M	-	-
Policy Loans	3.23B	3.53B	3.61B	-	-
Total Other Investments	3.96B	2.95B	43.45B	47.17B	51.16B
Total investments	236B	274B	284B	242B	254B
Cash And Equivalents	3.19B	4.4B	3.91B	8.02B	10.81B
Reinsurance Recoverable - (IS)	3.83B	4.56B	4.99B	5.12B	6.05B
Other Receivables - (Insurance Template)	5.61B	6.12B	5.46B	117M	4.79B
Deferred Policy Acquisition Costs - (BS)	25.92B	27.55B	28.38B	29.74B	-
Gross Property Plant And Equipment	3.55B	3.62B	3.77B	3.86B	5.09B
Accumulated Depreciation	-682M	-900M	-1.03B	-1.02B	-1.04B
Net Property Plant And Equipment	2.86B	2.72B	2.74B	2.84B	4.06B
Goodwill	1.55B	1.66B	1.85B	1.78B	1.93B
Other Intangibles, Total	969M	979M	1.06B	1.5B	1.69B
Restricted Cash	752M	1.22B	1.08B	-	713M
Other Current Assets, Total	484M	508M	1.14B	4.95B	542M
Deferred Tax Assets Long-Term (Collected)	23M	23M	50M	141M	301M
Deferred Charges Long-Term	302M	261M	229M	205M	-
Other Long-Term Assets, Total	2.55B	2.13B	4.72B	6.32B	1.19B
Total Assets	284B	326B	340B	303B	286B
Liabilities
Accounts Payable, Total	6.26B	4.85B	5.62B	-	3.68B
Insurance And Annuity Liabilities	178B	196B	208B	220B	203B
Unearned Premiums	12.05B	26.72B	30.94B	-	-
Reinsurance Payable - (BS)	1.48B	1.42B	1.51B	-	336M
Current Portion of Long-Term Debt	-	1B	167M	500M	-
Current Portion of Leases	178M	177M	174M	-	-
Short-Term Borrowings	1.83B	1.66B	1.59B	1.75B	3.46B
Long-Term Debt	5.92B	7.86B	9.64B	10.71B	11.91B
Long-Term Leases	378M	325M	301M	-	365M
Current Income Taxes Payable	432M	346M	389M	464M	387M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	-	-	-	4.23B	-
Unearned Revenue Non Current	367M	312M	265M	-	195M
Pension & Other Post Retirement Benefits	176M	195M	158M	133M	153M
Deferred Tax Liability Non-Current	6.24B	6.9B	5.98B	3.56B	3.2B
Other Non Current Liabilities	13.32B	14.32B	13.72B	23.58B	17.77B
Total Liabilities	226B	262B	279B	264B	245B
Common Stock, Total	14.13B	14.16B	14.16B	14.17B	14.18B
Retained Earnings	40.37B	44.7B	49.98B	44.44B	44.33B
Comprehensive Income and Other	3.01B	4.34B	-3.68B	-20.51B	-17.4B
Total Common Equity	57.51B	63.2B	60.47B	38.1B	41.11B
Minority Interest	448M	468M	467M	454M	483M
Total Equity	57.96B	63.67B	60.93B	38.55B	41.59B
Total Liabilities And Equity	284B	326B	340B	303B	286B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	12.05B	12.07B	12.07B	11.7B	11.32B
ECS Total Common Shares Outstanding	12.05B	12.07B	12.07B	11.7B	11.32B
Book Value / Share	4.77	5.24	5.01	3.26	3.63
Tangible Book Value	54.99B	60.57B	57.55B	34.82B	37.5B
Tangible Book Value Per Share	4.56	5.02	4.77	2.98	3.31
Total Debt	8.3B	11.03B	11.87B	12.95B	15.74B
Net Debt	5.11B	6.63B	7.96B	4.93B	4.92B
Debt Equivalent Oper. Leases	272M	56M	48M	16M	-
Minority Interest, Total (Incl. Fin. Div)	448M	468M	467M	454M	483M
Equity Method Investments, Total	615M	606M	679M	2.09B	1.33B
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	802M	869M	875M	857M	830M
Full Time Employees	23K	23K	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	6.65B	5.78B	7.43B	282M	3.76B
Depreciation, Depletion & Amortization	270M	297M	301M	283M	264M
Amortization of Goodwill and Intangible Assets - (CF)	52M	50M	46M	46M	53M
Total Depreciation, Depletion & Amortization	322M	347M	347M	329M	317M
Amortization of Deferred Charges, Total	69M	92M	93M	121M	152M
Other Operating Activities	-3.7B	-3.86B	-3.96B	9.14B	6.69B
Cash from Operations	3.34B	2.36B	3.91B	9.87B	10.92B
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-155M	-839M	-16M	-271M	-324M
Divestitures	-	-	-	-	-
Purchase / Sale of Intangible Assets	-169M	-254M	-640M	-386M	-326M
Sale (Purchase) of Real Estate Properties (Collected)	84M	-120M	-233M	-150M	-1.42B
Investment in Marketable and Equity Securities, Total	-5M	-6M	-1.89B	-10M	-67M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-245M	-1.22B	-2.78B	-817M	-2.14B
Long-Term Debt Issued, Total	2.86B	3.73B	4.04B	3.18B	1.15B
Total Debt Issued	2.86B	3.73B	4.04B	3.18B	1.15B
Long-Term Debt Repaid, Total	-2.22B	-1.11B	-3.13B	-1.7B	-764M
Total Debt Repaid	-2.22B	-1.11B	-3.13B	-1.7B	-764M
Issuance of Common Stock	56M	26M	5M	11M	5M
Repurchase of Common Stock	-21M	-16M	-106M	-3.67B	-3.75B
Common Dividends Paid	-1.82B	-2B	-2.15B	-2.26B	-2.29B
Common & Preferred Stock Dividends Paid	-1.82B	-2B	-2.15B	-2.26B	-2.29B
Special Dividend Paid	-146M	-	-	-	-
Other Financing Activities, Total	-236M	-233M	-320M	-350M	-411M
Cash from Financing	-1.52B	392M	-1.66B	-4.79B	-6.07B
Foreign Exchange Rate Adjustments	35M	110M	-165M	-193M	-29M
Net Change in Cash	1.61B	1.64B	-698M	4.07B	2.68B
Supplemental Items
Cash Interest Paid	267M	264M	350M	377M	476M
Cash Income Tax Paid (Refund)	737M	1.03B	831M	680M	793M
Net Debt Issued / Repaid	642M	2.61B	907M	1.48B	382M
Levered Free Cash Flow	8.88B	15.34B	9.54B	-62.18B	3.47B
Unlevered Free Cash Flow	9.05B	15.52B	9.76B	-61.93B	3.78B
Change In Net Working Capital	-3.03B	-10.03B	-4.86B	63.25B	37M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.22	1.71	1.5	0.37	1.29
Return on Total Capital	10.16	7.55	6.79	1.9	6.22
Return On Equity %	13.74	9.71	12	0.64	8.72
Return on Common Equity	13.78	9.78	12.01	0.57	8.78
Margin Analysis
Gross Profit Margin %	25.45	23.03	25.25	29.11	37.12
SG&A Margin	5.15	5.3	6.54	16.48	-
EBITDA Margin %	19.43	16.76	17.65	10.4	29.96
EBITA Margin %	19.16	16.53	17.39	9.81	29.36
EBIT Margin %	19.05	16.43	17.29	9.57	29.09
Income From Continuing Operations Margin %	13.95	11.36	16.13	1.62	19.14
Net Income Margin %	13.87	11.36	16.02	1.43	19.05
Net Avail. For Common Margin %	13.87	11.36	16.02	1.43	19.05
Normalized Net Income Margin	10.4	9.64	11.69	2.28	15.34
Levered Free Cash Flow Margin	18.51	30.16	20.57	-315.27	17.58
Unlevered Free Cash Flow Margin	18.88	30.52	21.05	-314.03	19.11
Asset Turnover
Asset Turnover	0.19	0.17	0.14	0.06	0.07
Fixed Assets Turnover	23.4	18.2	16.96	7.06	5.73
Receivables Turnover (Average Receivables)	29.2	24.66	23.89	-	6.58
Short Term Liquidity
Current Ratio	0.4	0.23	0.22	2.62	3.07
Quick Ratio	0.18	0.11	0.09	1.17	1.86
Operating Cash Flow to Current Liabilities	0.11	0.04	0.05	1.42	1.45
Days Sales Outstanding (Average Receivables)	12.5	14.84	15.28	-	55.48
Average Days Payable Outstanding	146.23	308.11	394.07	-	-
Long Term Solvency
Total Debt/Equity	14.32	17.33	19.49	33.6	37.83
Total Debt / Total Capital	12.53	14.77	16.31	25.15	27.45
LT Debt/Equity	10.86	12.86	16.32	27.77	29.51
Long-Term Debt / Total Capital	9.5	10.96	13.66	20.79	21.41
Total Liabilities / Total Assets	79.6	80.48	82.07	87.28	85.47
EBIT / Interest Expense	32.28	28.62	22.46	4.79	11.85
EBITDA / Interest Expense	33.42	29.8	23.43	5.63	12.51
(EBITDA - Capex) / Interest Expense	33.42	29.8	23.43	5.63	12.51
Total Debt / EBITDA	0.88	1.27	1.42	5.84	2.59
Net Debt / EBITDA	0.54	0.76	0.95