Formerly part of the American International Group (AIG), which required a US government bailout at the height of the global financial crisis in 2008, Hong Kong-based American International Assurance (AIA) separated from the group in 2009.  A plan for UK-based Prudential to buy AIA for US$35.5 billion fell through, and AIA held an initial public offering in Hong Kong in 2010, raising US$20.5 billion.

Citibank bancassurance deal expected to add to strong sales growth for AIA

Mark Tucker says AIA will expand its business mainly through organic growth, though he will not rule out acquisitions. Photo: Thomas Yau

AIA, the second-largest Asian insurer by market value, expects to expand its business this year by way of organic growth and through its new regional bancassurance deal with Citibank, chief executive Mark Tucker said.

Saturday, 22 February, 2014, 4:52am

AIA shares rise to record high after strong results

AIA shares rise to record high after strong results

AIA, the second-largest Asia-based insurer by market value, saw its shares rise to a record in Hong Kong yesterday after its value of new business climbed a stronger-than-expected 26 per cent in the third quarter.

19 Oct 2013 - 3:13am

AIA beats forecasts with 34pc gain

AIA chief executive Mark Tucker, in his Central office, will consider further acquisitions when the opportunities arise. Photo: May Tse

AIA, one of the largest providers of life insurance and pension funds in Asia, reported a higher-than-expected 34 per cent rise in net profit to US$1.93 billion in the six months to May 31. The gains were driven by sales growth and acquisitions.

27 Jul 2013 - 5:00am

AIA's long-term assurance

Mark Tucker says AIA 'was set up in Asia and grew up in Asia. We are a pure Asian insurance company'. Photo: May Tse

AIA, the world's fifth-largest insurer, is undeterred by volatile investment markets and low interest rates in its push for further expansion in the region.

13 May 2013 - 3:31am

AIA shares fall on AIG stake sale

AIA shares fall on AIG stake sale

Shares of AIA declined yesterday after American International Group (AIG) priced the sale of its remaining stake in the Hong Kong-listed insurer near the top end of the indicative range.

19 Dec 2012 - 2:37am

AIG to offload remaining stake in AIA for US$6.5b

American International Group has operated life insurance and pension businesses through AIA for more than 90 years. Photo: Bloomberg

American International Group (AIG) plans to sell its remaining stake in Hong Kong-listed insurer AIA to raise up to US$6.5 billion, marking the end of the US financial group's almost century-old association with the Asian insurer.

18 Dec 2012 - 3:51am

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7 Dec 2012 - 3:23am

Stock Watch: life insurance

Upwardly mobile: markets think AIA is worth about 46 times the value of a year of new business. Photo: Bloomberg

Many of us have bought life insurance, but what about buying shares in life insurance companies?

The industry is a black hole to investors who struggle to see how such companies create value and make money.

3 Dec 2012 - 4:26am

ING Group sells Hong Kong, Macau, Thai insurance units to Richard Li

Pacific Century Group boss Richard Li said the US$2.14 billion purchase of ING’s Hong Kong, Macau and Thailand insurance businesses was in line with the group’s long-term strategy. Photo: AFP

ING Group said it has agreed to sell its Hong Kong, Macau and Thailand insurance businesses to Richard Li Tzar-kai’s Pacific Century Group (PCG) for HK$16.59 billion.

19 Oct 2012 - 6:08pm

Richard Li close to a deal on ING's insurance units

ING's Malaysian unit, above, has been sold while Richard Li will likely pick up two others.

ING Group, under European Union orders to divest assets, is near an agreement to sell its Hong Kong and Thailand insurance businesses to Richard Li Tzar-kai, three people familiar with the matter said.

19 Oct 2012 - 3:33am

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11 Oct 2012 - 3:03am

AIA shares rise strongly after AIG sells stake in HK unit

Mark Tucker led AIA to eight consecutive quarters of growth.

AIA Group shares rose the most in 11 months yesterday. The stock also topped the turnover list.

Shares of the third-largest Asian-based insurer by market value rose 6.84 per cent to HK$28.10 after its parent firm, American International Group, sold US$2 billion of shares at a premium to Thursday's closing price.

Turnover in the stock topped HK$20.31 billion.

8 Sep 2012 - 2:55am

AIG raises US$2b from AIA stake sale

The US Treasury Department has trimmed its holding in AIG to 53 per cent from 92 per cent through four share sales. Photo: Bloomberg

American International Group (AIG), the bailed-out US insurer, is raising as much as US$2 billion selling a stake in Hong Kong-based AIA as chief executive Robert Benmosche accumulates funds to repurchase his company's stock from the US Treasury Department.

AIG is offering about 600 million AIA shares at HK$25.75 to HK$26.75 each, according to a term sheet obtained by Bloomberg.

7 Sep 2012 - 3:29am

New business drives up AIA earnings 10pc

AIA Group has posted a higher-than-expected 10 per cent increase in first-half profit, powered by strong new business growth across Asia except South Korea.

The locally listed life insurer, the largest in Hong Kong and third-largest in Asia in terms of market capitalisation, reported net profit for the six months to May 31 of US$1.44 billion.

28 Jul 2012 - 12:00am

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