VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

Stock Comparison

AIA Group Limited vs Intercontinental Exchange, Inc.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

AIA Group Limited

1299.HK · Hong Kong Stock Exchange

Market cap (USD)$112.4B
Gross margin (TTM)100%
Operating margin (TTM)79.3%
Net margin (TTM)25.8%
SectorFinancials
IndustryInsurance - Life
CountryHK
Data as of2026-05-27
Moat score
70/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into AIA Group Limited's moat claims, evidence, and risks.

View 1299.HK analysis

Intercontinental Exchange, Inc.

ICE · New York Stock Exchange

Market cap (USD)$84.4B
Gross margin (TTM)69%
Operating margin (TTM)40.8%
Net margin (TTM)30%
SectorFinancials
IndustryFinancial - Data & Stock Exchanges
CountryUS
Data as of2026-05-26
Moat score
91/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Intercontinental Exchange, Inc.'s moat claims, evidence, and risks.

View ICE analysis

Comparison highlights

  • Moat score gap: Intercontinental Exchange, Inc. leads (91 / 100 vs 70 / 100 for AIA Group Limited).
  • Segment focus: AIA Group Limited has 6 segments (31.4% in Hong Kong (including Macau)); Intercontinental Exchange, Inc. has 4 segments (46.2% in Exchange transaction and clearing).
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: n/a vs Strong.
  • Moat breadth: AIA Group Limited has 4 moat types across 3 domains; Intercontinental Exchange, Inc. has 8 across 4.

Primary market context

AIA Group Limited

Hong Kong (including Macau)

Market

Life insurance, accident & health insurance, and long-term savings products

Geography

Hong Kong & Macau

Customer

Individuals and corporate clients (group insurance/employee benefits)

Role

Insurer / underwriter and distributor (agency and partnerships)

Revenue share

31.4%

Intercontinental Exchange, Inc.

Exchange transaction and clearing

Market

Global regulated derivatives, cash equities, equity options, OTC energy trading and clearing venues

Geography

Global, with major venues and clearing houses in the U.S., U.K., EU, Canada, Asia Pacific and the Middle East

Customer

Financial institutions, asset managers, market makers, hedgers, corporates, energy firms and brokers

Role

Regulated exchange operator, execution venue and central counterparty clearing infrastructure

Revenue share

46.2%

Side-by-side metrics

AIA Group Limited
Intercontinental Exchange, Inc.
Ticker / Exchange
1299.HK - Hong Kong Stock Exchange
ICE - New York Stock Exchange
Market cap (USD)
$112.4B
$84.4B
Gross margin (TTM)
100%
69%
Operating margin (TTM)
79.3%
40.8%
Net margin (TTM)
25.8%
30%
Sector
Financials
Financials
Industry
Insurance - Life
Financial - Data & Stock Exchanges
HQ country
HK
US
Primary segment
Hong Kong (including Macau)
Exchange transaction and clearing
Market structure
Oligopoly
Oligopoly
Market share
n/a
19.8%-20.1% (reported)
HHI estimate
n/a
n/a
Pricing power
n/a
Strong
Moat score
70 / 100
91 / 100
Moat domains
Legal, Supply, Demand
Network, Financial, Demand, Supply
Last update
2026-05-27
2026-05-26

Moat coverage

Shared moat types

Brand Trust

AIA Group Limited strengths

Concession LicenseService Field NetworkLong Term Contracts

Intercontinental Exchange, Inc. strengths

Two Sided NetworkBenchmark Pricing PowerClearing SettlementData Workflow LockinScope EconomiesEcosystem ComplementsData Network Effects

Segment mix

AIA Group Limited segments

Full profile >

Mainland China

Oligopoly

24%

Hong Kong (including Macau)

Oligopoly

31.4%

Thailand

Oligopoly

11.4%

Singapore (including Brunei)

Oligopoly

11.2%

Malaysia

Oligopoly

6.5%

Other Markets

Competitive

15.4%

Intercontinental Exchange, Inc. segments

Full profile >

Exchange transaction and clearing

Oligopoly

46.2%

Exchange data, connectivity and listings

Oligopoly

13.6%

Fixed Income and Data Services

Oligopoly

22.1%

Mortgage Technology

Quasi-Monopoly

18.1%

Want the full wide moat stocks list?

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Proven models entering the expansion stage with unit economics that work.

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.