0627 GMT - AIA Group's proposition for affluent customers is likely to set it apart from peers amid China's migration of wealth to long-term investment alternatives from property, says Morningstar's Iris Tan in a report. The Hong Kong-based insurer is tiering up from mass-affluent to high-net-worth clientele through its products and selective bank partnerships, she notes. She reckons the high-net-worth segment faces less competition from any digital disruptions to insurance. The segment also has greater resilience amid rate and currency volatility, as clients prioritize wealth preservation and risk diversification over guaranteed yields, compared with commoditized mass-market offerings, she says. Morningstar retains its HK$104 fair-value estimate, noting that the stock looks undervalued. Shares rise 3.5% to HK$85.70. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 20, 2026 02:27 ET (06:27 GMT)
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