Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Hong Kong (HSI) Insurance Industry Analysis

UpdatedMay 23, 2026
DataAggregated Company Financials
Companies14
  • 7D-2.4%
  • 3M-9.8%
  • 1Y36.1%
  • YTD-5.1%

Over the last 7 days, the Insurance industry has dropped 2.4%, driven by a pullback from China Life Insurance of 3.2%. Over the past 12 months, the industry was up 36%. Earnings are forecast to grow by 6.4% annually.

Industry Valuation and Performance

Has the Hong Kong Insurance Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 May 2026HK$2.8tHK$2.4tHK$360.9b6.3x7.8x1.2x
Mon, 20 Apr 2026HK$2.9tHK$2.4tHK$375.1b6.3x7.7x1.2x
Wed, 18 Mar 2026HK$3.1tHK$2.3tHK$377.4b8.8x8.3x1.3x
Fri, 13 Feb 2026HK$3.4tHK$2.3tHK$374.4b9.8x9x1.4x
Sun, 11 Jan 2026HK$3.4tHK$2.3tHK$369.9b8.9x9.1x1.5x
Tue, 09 Dec 2025HK$3.1tHK$2.3tHK$365.2b8.7x8.6x1.4x
Thu, 06 Nov 2025HK$3.1tHK$2.3tHK$362.4b8.9x8.4x1.4x
Sat, 04 Oct 2025HK$2.9tHK$2.2tHK$289.5b8.2x9.9x1.3x
Mon, 01 Sep 2025HK$3.0tHK$2.2tHK$288.8b8.9x10.5x1.4x
Wed, 30 Jul 2025HK$2.9tHK$2.1tHK$292.0b10.4x10.1x1.4x
Fri, 27 Jun 2025HK$2.8tHK$2.1tHK$292.0b8.9x9.6x1.3x
Sun, 25 May 2025HK$2.5tHK$2.1tHK$288.7b7.9x8.7x1.2x
Tue, 22 Apr 2025HK$2.2tHK$2.0tHK$273.1b7.4x8.2x1.1x
Thu, 20 Mar 2025HK$2.5tHK$2.5tHK$238.1b8.8x10.4x1x
Sat, 15 Feb 2025HK$2.4tHK$2.5tHK$222.0b7.6x10.7x0.9x
Mon, 13 Jan 2025HK$2.2tHK$2.5tHK$220.4b7x9.8x0.9x
Wed, 11 Dec 2024HK$2.5tHK$2.5tHK$222.0b7.8x11.2x1x
Fri, 08 Nov 2024HK$2.7tHK$2.5tHK$224.3b9x12x1.1x
Sun, 06 Oct 2024HK$2.8tHK$2.5tHK$143.4b9.2x19.2x1.1x
Tue, 03 Sep 2024HK$2.1tHK$2.4tHK$158.0b7.9x13.2x0.9x
Thu, 01 Aug 2024HK$2.0tHK$2.4tHK$118.4b8.6x16.6x0.8x
Sat, 29 Jun 2024HK$1.9tHK$2.4tHK$117.9b8.2x16.2x0.8x
Mon, 27 May 2024HK$2.1tHK$2.4tHK$118.2b8.6x17.4x0.9x
Wed, 24 Apr 2024HK$1.8tHK$2.4tHK$123.8b8.2x14.5x0.8x
Fri, 22 Mar 2024HK$1.9tHK$2.9tHK$114.1b7x16.9x0.7x
Sun, 18 Feb 2024HK$2.1tHK$2.9tHK$92.5b7.1x22.2x0.7x
Tue, 16 Jan 2024HK$2.6tHK$4.2tHK$178.3b7.2x14.7x0.6x
Thu, 14 Dec 2023HK$2.7tHK$4.5tHK$178.0b7x14.9x0.6x
Sat, 11 Nov 2023HK$2.9tHK$4.4tHK$181.3b7.6x15.9x0.6x
Mon, 09 Oct 2023HK$3.2tHK$4.4tHK$192.1b8.2x16.4x0.7x
Wed, 06 Sep 2023HK$3.3tHK$4.4tHK$192.2b8.8x17x0.7x
Fri, 04 Aug 2023HK$3.4tHK$4.2tHK$209.7b9.7x16.4x0.8x
Sun, 02 Jul 2023HK$3.3tHK$4.2tHK$208.2b9.7x15.8x0.8x
Tue, 30 May 2023HK$3.4tHK$4.3tHK$213.1b9.6x16.1x0.8x
Price to Earnings Ratio

16.1x


Total Market Cap: HK$3.4tTotal Earnings: HK$213.1bTotal Revenue: HK$4.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Insurance Industry Price to Earnings3Y Average 12.9x202420252026
Current Industry PE
  • Investors are pessimistic on the Hong Kong Insurance industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 7.8x which is lower than its 3-year average PE of 12.9x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 19% per year over the last three years.
  • Meanwhile revenues for these companies have declined 18% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Hong Kong Financials industry?

HK Market-1.48%
Financials-1.21%
Insurance-2.41%
Insurance Brokers0%0
Property and Casualty Insurance-1.46%
Life and Health Insurance-2.69%
Reinsurance-3.10%
General Insurance-4.43%
Industry PE
  • Investors are most optimistic about the General Insurance industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 12.0%, which is lower than the prior year's growth of 72.6% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 5.3x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 73% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings grow by 5.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
1339 People's Insurance Company (Group) of ChinaHK$5.440.7%
+HK$1.8b		3.6%PE4.9x
1471 Zhongmiao Holdings (Qingdao)HK$11.8811.1%
+HK$168.0m		-15.5%PE28.1x
2621 Shouhui GroupHK$3.336.4%
+HK$45.1m		n/aPE0.8x

Latest News

6060
HK$10.63
ZhongAn Online P & C Insurance
7D
-5.3%
1Y
-14.5%
1299
HK$86.05
AIA Group
7D
-1.8%
1Y
32.7%
2328
HK$14.78
PICC Property and Casualty
7D
-3.6%
1Y
-1.3%
Narrative Update • May 21

2328: Dividend Policy Will Support Future Returns Despite Reduced Fair Value Estimate

Analysts have adjusted their HK$ price target for PICC Property and Casualty to align with an updated fair value estimate of HK$20.77, reflecting revised assumptions for the discount rate, revenue growth, profit margin and future P/E. What's in the News On 29 April 2026, the Board appointed Zhang Daoming as President of PICC Property and Casualty, following his prior role as Temporary Responsible Officer and executive director.
1508
HK$1.25
China Reinsurance (Group)
7D
-3.1%
1Y
27.6%
Narrative Update • May 20

1508: Governance Decisions And Dividend Policy Will Guide Balanced Risk Profile

Analysts have modestly raised their HK$ price target for China Reinsurance (Group), citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E, which together point to a slightly higher assessed valuation. What's in the News A board meeting is scheduled for March 30, 2026 to consider the 2025 annual results, a potential final dividend, and other business matters (company event filing).
2628
HK$28.92
China Life Insurance
7D
-3.2%
1Y
83.5%
Narrative Update • May 18

2628: 2025 Final Dividend Will Support Future Upside Potential

Analysts have raised their Hong Kong dollar price target for China Life Insurance from about HK$35.32 to around HK$36.13, reflecting updated assumptions for revenue growth, profit margins, discount rate, and future P/E multiples. What's in the News Board meeting on 25 March 2026 to consider and approve the final results for the year ended 31 December 2025 and to review the recommendation of a final dividend, along with other business (company announcement).
1339
HK$5.44
People's Insurance Company (Group) of China
7D
0.7%
1Y
3.6%
Narrative Update • May 02

1339: Dividend Outlook And Higher Margins Will Drive Future Upside

Analysts have trimmed their price target on People's Insurance Company (Group) of China slightly to HK$7.50 from HK$7.51, citing updated assumptions around a lower discount rate, more moderate revenue growth, a higher profit margin, and a reduced future P/E multiple. What's in the News A board meeting is scheduled for March 26, 2026, to consider and approve the annual results for the year ended December 31, 2025, and to consider the payment of a final dividend, if any (Key Developments).
1471
HK$11.88
Zhongmiao Holdings (Qingdao)
7D
11.1%
1Y
-15.5%
376
HK$2.20
Yunfeng Financial Group
7D
-9.8%
1Y
15.8%
2621
HK$3.33
Shouhui Group
7D
6.4%
1Y
n/a
966
HK$20.44
China Taiping Insurance Holdings
7D
-6.1%
1Y
70.9%
6963
HK$3.49
Sunshine Insurance Group
7D
-2.5%
1Y
6.7%