AIA Group Limited

1299
Failed

Company Overview

AIA Holdings Limited and its subsidiaries (collectively, “AIA” or the “Group”) are the largest independent listed life insurance groups in the Pan-Asian region, covering 18 markets, including Mainland China, Hong Kong SAR, Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan, Vietnam, Brunei and Macau, as well as 49% interests in joint ventures in India. AIA's business success today can be traced back to 1919, the birthplace of Shanghai over a century ago. In terms of life insurance premiums, the Group leads the industry in Asia (excluding Japan) and has a steady leading position in most markets. As of December 31, 2022, the Group's total assets were worth US$303 billion. AIA provides a range of products and services, covering life insurance, accident and health insurance and savings plans to meet the long-term savings and protection needs of individual customers. In addition, the Group also provides employee benefits, credit insurance and retirement protection services to corporate customers. Through a large network of exclusive agents, partners and employees throughout Asia, the Group provides services to more than 41 million individual insurance policy holders and more than 17 million participants in group insurance plans. AIA Holdings Limited is listed on the main board of The Stock Exchange of Hong Kong Limited (stock code “1299”); its American Depositary Securities (Tier 1) are traded on the OTC market (transaction number “AAGIY”).

Country
HK
Market Cap
$94.48B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
47.37% failed
5% Threshold
47.4%
Liabilities Compliance
223.64% failed
33% Threshold
223.6%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name AIA Group Limited
Ticker 1299
Main Business Insurance—Life
Type Common Stock
Industry Insurance—Life
Country HK
Market Cap $94.48 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Underwriting life insurance business, providing life, accident and medical insurance and savings schemes to customers in the local market, and distributing related investments and other financial services products $21,850.0 $21,850.0 insuranceinsuranceinvestmentsfinancial
Other business $2,430.0 $0.0 -
Interest income $0.0 $0.0 -
Total $24,280.0 $21,850.0 47.37% (failed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
insurance contract $203,270,000,000.0 215.14%
derivative financial liabilities $8,040,000,000.0 8.51%
Total Interest-Bearing Debt $211,310,000,000.0 223.64%
Market Capitalization $94,484,807,692.3 100.00%
Compliance Status Threshold: 33% failed