AIA Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

AIA Group (HKG:1299) Full Year 2023 Results

Key Financial Results

• Revenue: US$19.7b (flat on FY 2022).
• Net income: US$3.76b (up by US$3.48b from FY 2022).
• Profit margin: 19% (up from 1.4% in FY 2022).
• EPS: US$0.003.

All figures shown in the chart above are for the trailing 12 month (TTM) period

AIA Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates by 34%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Insurance industry in Hong Kong.

Performance of the Hong Kong Insurance industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on AIA Group's balance sheet health.

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