AIA Group Limited (HKG: 1299)

AIA Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	18,631	17,514	16,319	34,444	33,328	32,611
Total Interest & Dividend Income	-529	-1,765	30,273	8,688	9,117	7,901
Gain (Loss) on Sale of Investments	3,033	4,228	-30,407	3,416	8,014	6,807
Other Revenue	-143	-220	1,579	-191	392	626
Total Revenue	20,992	19,757	17,764	46,357	50,851	47,945
Revenue Growth (YoY)	9.61%	11.22%	-61.68%	-8.84%	6.06%	45.18%
Policy Benefits	13,320	12,423	10,853	30,055	34,739	32,128
Policy Acquisition & Underwriting Costs	-	-	-	4,597	4,402	4,283
Selling, General & Administrative	-	-	-	3,031	2,695	2,468
Other Operating Expenses	1,622	1,586	1,536	668	659	599
Total Operating Expenses	14,942	14,009	12,389	38,351	42,495	39,478
Operating Income	6,050	5,748	5,375	8,006	8,356	8,467
Interest Expense	-534	-485	-394	-357	-292	-283
Earnings From Equity Investments	-92	-267	-121	-11	-17	-8
Currency Exchange Gain (Loss)	596	-141	-519	1,103	-200	-806
Other Non Operating Income (Expenses)	35	22	9	-	-	-
EBT Excluding Unusual Items	6,055	4,877	4,350	8,741	7,847	7,370
Merger & Restructuring Charges	-166	-166	-360	-338	-285	-246
Asset Writedown	-104	-147	64	65	-292	103
Pretax Income	5,785	4,564	4,054	8,468	7,270	7,227
Income Tax Expense	939	783	689	991	1,491	1,209
Earnings From Continuing Ops.	4,846	3,781	3,365	7,477	5,779	6,018
Minority Interest in Earnings	-18	-17	-34	-50	-	-39
Net Income	4,828	3,764	3,331	7,427	5,779	5,979
Net Income to Common	4,828	3,764	3,331	7,427	5,779	5,979
Net Income Growth	19.56%	13.00%	-55.15%	28.52%	-3.35%	104.78%
Shares Outstanding (Basic)	11,326	11,518	11,929	12,066	12,060	12,042
Shares Outstanding (Diluted)	11,334	11,528	11,938	12,087	12,080	12,071
Shares Change (YoY)	-3.33%	-3.43%	-1.23%	0.06%	0.07%	0.13%
EPS (Basic)	0.43	0.33	0.28	0.62	0.48	0.50
EPS (Diluted)	0.43	0.33	0.28	0.61	0.48	0.50
EPS Growth	23.69%	17.03%	-54.60%	28.45%	-3.41%	104.49%
Free Cash Flow	9,455	10,919	9,867	3,909	2,357	3,337
Free Cash Flow Per Share	0.83	0.95	0.83	0.32	0.20	0.28
Dividend Per Share	0.210	0.207	0.197	0.187	0.175	0.163
Dividend Growth	4.93%	4.80%	5.27%	7.29%	7.37%	20.96%
Operating Margin	28.82%	29.09%	30.26%	17.27%	16.43%	17.66%
Profit Margin	23.00%	19.05%	18.75%	16.02%	11.36%	12.47%
Free Cash Flow Margin	45.04%	55.27%	55.54%	8.43%	4.64%	6.96%
EBITDA	6,204	5,919	5,524	8,173	8,524	8,646
EBITDA Margin	29.55%	29.96%	31.10%	17.63%	16.76%	18.03%
D&A For EBITDA	154	171	149	167	168	179
EBIT	6,050	5,748	5,375	8,006	8,356	8,467
EBIT Margin	28.82%	29.09%	30.26%	17.27%	16.43%	17.66%
Effective Tax Rate	16.23%	17.16%	17.00%	11.70%	20.51%	16.73%
Revenue as Reported	-	-	-	47,525	50,359	47,242

Source: S&P Capital IQ. Insurance template. Financial Sources.