AIA Group Ltd
BRIEF: For the fiscal year ended 30 November 2012, AIA Group Ltd revenues increased 42% to $20.39B. Net income increased 89% to $3.02B. Revenues reflect Premiums and fee income increase of 7% to $13.82B, Investment Income increase of 8% to $4.46B. Net income benefited from Expense Ratio -% - China decrease of 9% to 12.4%, Insur. & Invest. Contract Benefits Ceded increase of 33% to $703M (income).
AIA Group Limited is an investment holding company. The Company and its subsidiaries are engaged in provision of products and services to individuals and businesses for their insurance, protection, savings, investment and retirement needs. The Company operates life insurance business, providing life, pensions, and accident and health products to customers in its local market, and distributes related investment and other financial services products. The Company serves more than 100,000 corporate clients with more than 13 million group insurance scheme members. It has operations in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Indonesia, Vietnam, India, Australia, Taiwan, New Zealand, Macau and Brunei. As of November 30, 2012, its subsidiaries included American International Assurance Company, Limited (AIA Co.), American International Assurance Company (Bermuda) Limited (AIA-B), AIA Australia Limited and PT AIA Financial, among others.