AIA Group Ltd
01299: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HK$45.00 | Kjlzq | Jbnxtddm |
AIA's New Business Growth Remains Strong Despite High Base in 2023
Business Strategy and Outlook
As a leading life insurer in the Asia-Pacific region, AIA enjoys an entrenched position in most markets in which it operates. While we expect regional growth to be sluggish over the next 12 months, we believe AIA's established and broad distribution networks, strong product offerings, and diversified geographic mix should enable the company to maintain decent sales growth and support a valuation premium over peers.