May 2026
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Largest Insurance Carriers Public Companies in Hong Kong
Benchmark revenue and EBITDA valuation multiples for public comps like
AIA Group and FWD Group Holdings.
 | Headquartered in Hong Kong, AIA is one of the largest pan-Asian insurance providers with diversifed products offerings including retirement savings plans, life insurance, and accident and health insurance. It was previously part of American International Group 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 operates in 18 markets and serves the holders of more than 30 million individual policies and over 16 million participating members of group insurance schemes. | $11 | +31% | $114B | $120B | 3.0x | 14.0x | ||
| FWD Group Holdings Ltd is a holding company. The Company and its subsidiaries are principally engaged in the provision of products and services focusing on life insurance, general insurance, and investment services (the Insurance Business). The operating segments of the company are each of the geographical markets in which the Operating Group operates, which are Hong Kong, Thailand, Japan, Emerging Markets & Corporate, and Others. | $4 | -- | $5B | $7B | 1.4x | 10.6x | ||
| Median | $7 | +31% | $59B | $63B | 2.2x | 12.3x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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