AIA Group Limited

1299.HK

Insurance - Life · Financial Services

Exchange

Hong Kong Stock Exchange

Winston Score

Winston is happy

A high-quality business with solid fundamentals.

Data as of Aug 23, 2026 · filings through Dec 31, 2025

How the score breaks down

Quality

Exceptional

Growth

Mixed

Cash Flow

Strong

Stability

Exceptional

Valuation

Mixed

Track this stock — start free trial

Winston Score History

The full picture

AIA Group is one of the largest life insurance companies in Asia. It sells life insurance, health insurance, and savings products to individual customers across more than a dozen Asian markets. The company is headquartered in Hong Kong and has been operating in Asia for over a century, giving it one of the most recognized insurance brands in the region.

AIA makes money by collecting premiums from policyholders and investing those funds, earning returns that cover future claims and generate profit. It operates across markets including China, Hong Kong, Thailand, Singapore, Malaysia, and several other Asian countries, with over 40 million individual policyholders. Its long history and deep distribution network of agents give it a strong competitive position, but its biggest risk is slower economic growth or regulatory changes across Asia, particularly in mainland China, which represents a major source of new business growth.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+39.6% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+9.4% YoY

YoY Growth Rate

Slow EPS growth

Insider Activity

0.0%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

HK$323.4B cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

AIA Group Limited grew revenue 40% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

100.0%

Premium pricing power — 100.0% gross margin

Profit after running costs

Operating Margin

25.7%

Excellent — 25.7% operating margin

Return on the money invested

ROCE

27.9%

Exceptional — 27.9% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+48.9%

Fast-growing sales (+48.9% YoY)

Profit growth

EPS YoY

-4.8%

Earnings shrinking (-4.8% YoY)

Slight earnings drop. Typical near a cyclical low.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

95%

Turns 95% of profit into real cash

Spare cash per sale

FCF Margin

19.3%

Converts sales into free cash efficiently (19.3%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.47

Conservative — low debt load (0.47)

Covers its interest

Interest Cover

25.69x

Comfortably covers interest (25.7x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

15.7x

no trend

Fair value — P/E 15.7

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial