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AIA Group (HKSE:01299) Claims Ratio % : 0.00% (As of . 20)


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What is AIA Group Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

The historical rank and industry rank for AIA Group's Claims Ratio % or its related term are showing as below:

HKSE:01299's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

AIA Group Claims Ratio % Historical Data

The historical data trend for AIA Group's Claims Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AIA Group Claims Ratio % Chart


AIA Group  (HKSE:01299) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %=Total Claims / Total Premiums Earned * 100%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

AIA Group  (HKSE:01299) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

AIA Group Claims Ratio % Related Terms

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AIA Group (HKSE:01299) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AIA Group Ltd (HKSE:01299) » Definitions » Claims Ratio %
Comparable Companies
HKSE:00966 HKSE:00376 HKSE:00662 SHSE:601628 SHSE:601318 BOM:543526 AFL MET PRU SHSE:601601 TSX:MFC LSE:PRU TSX:GWO TPE:2881 TSE:8750 TPE:2882 BOM:540777 BOM:540719 TSX:POW SHSE:601336
Traded in Other Exchanges
AAIGF:USA AAGIY:USA 1299:Mexico 7A2:Germany
Address
No. 1 Connaught Road Central, 35th Floor, AIA Central, Hong Kong, HKG
Website
https://www.aia.com
AIA is one of the largest pan-Asian insurance providers with a wide range of products including retirement savings plans, life insurance, and accident and health insurance. The company is headquartered in Hong Kong. It was previously part of AIG and went for a separate listing in Hong Kong in 2010. The firm also provides employee benefits, credit life, and pension services to corporate clients. AIA is present in 18 markets and serves the holders of more than 30 million individual policies and over 16 million participating members of group insurance schemes.

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