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Hong Kong (HSI) Insurance Industry Analysis
UpdatedApr 18, 2026
DataAggregated Company Financials
Companies14
- 7D-3.3%
- 3M-11.1%
- 1Y54.5%
- YTD-8.0%
In the last week, the Insurance industry is flat overall, with AIA Group standing out by going down 8.3%. The past year has been better, since the industry has gained 58% in that time. Earnings are forecast to grow by 4.9% annually.
Industry Valuation and Performance
Has the Hong Kong Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 18 Apr 2026 | HK$2.9t | HK$2.4t | HK$374.9b | 6.3x | 7.7x | 1.2x |
| Mon, 16 Mar 2026 | HK$3.1t | HK$2.3t | HK$375.1b | 8.7x | 8.2x | 1.3x |
| Wed, 11 Feb 2026 | HK$3.4t | HK$2.3t | HK$373.9b | 9.9x | 9.2x | 1.5x |
| Fri, 09 Jan 2026 | HK$3.4t | HK$2.3t | HK$369.6b | 9x | 9.1x | 1.5x |
| Sun, 07 Dec 2025 | HK$3.1t | HK$2.3t | HK$365.3b | 8.7x | 8.6x | 1.4x |
| Tue, 04 Nov 2025 | HK$3.1t | HK$2.3t | HK$362.6b | 8.9x | 8.5x | 1.4x |
| Thu, 02 Oct 2025 | HK$2.9t | HK$2.2t | HK$289.5b | 8.2x | 9.9x | 1.3x |
| Sat, 30 Aug 2025 | HK$3.0t | HK$2.2t | HK$288.4b | 8.9x | 10.5x | 1.4x |
| Mon, 28 Jul 2025 | HK$2.9t | HK$2.1t | HK$292.3b | 10.3x | 9.8x | 1.4x |
| Wed, 25 Jun 2025 | HK$2.8t | HK$2.1t | HK$291.9b | 8.8x | 9.5x | 1.3x |
| Fri, 23 May 2025 | HK$2.5t | HK$2.1t | HK$287.7b | 8x | 8.8x | 1.2x |
| Sun, 20 Apr 2025 | HK$2.2t | HK$2.0t | HK$272.9b | 7.4x | 8.2x | 1.1x |
| Tue, 18 Mar 2025 | HK$2.5t | HK$2.5t | HK$238.0b | 8.9x | 10.3x | 1x |
| Thu, 13 Feb 2025 | HK$2.3t | HK$2.5t | HK$221.0b | 7.6x | 10.4x | 0.9x |
| Sat, 11 Jan 2025 | HK$2.2t | HK$2.5t | HK$220.4b | 7x | 9.8x | 0.9x |
| Mon, 09 Dec 2024 | HK$2.4t | HK$2.5t | HK$221.8b | 7.7x | 11x | 1x |
| Wed, 06 Nov 2024 | HK$2.6t | HK$2.6t | HK$225.7b | 8.8x | 11.6x | 1x |
| Fri, 04 Oct 2024 | HK$2.7t | HK$2.5t | HK$143.7b | 9x | 18.8x | 1.1x |
| Sun, 01 Sep 2024 | HK$2.1t | HK$2.4t | HK$158.4b | 7.6x | 13x | 0.9x |
| Tue, 30 Jul 2024 | HK$1.9t | HK$2.4t | HK$118.0b | 8.3x | 16.3x | 0.8x |
| Thu, 27 Jun 2024 | HK$1.9t | HK$2.4t | HK$117.9b | 8.3x | 16.5x | 0.8x |
| Sat, 25 May 2024 | HK$2.1t | HK$2.4t | HK$118.2b | 8.6x | 17.4x | 0.9x |
| Mon, 22 Apr 2024 | HK$1.8t | HK$2.4t | HK$123.8b | 8.1x | 14.4x | 0.8x |
| Wed, 20 Mar 2024 | HK$1.9t | HK$2.9t | HK$114.1b | 7x | 16.9x | 0.7x |
| Fri, 16 Feb 2024 | HK$2.0t | HK$2.9t | HK$93.3b | 7x | 21.8x | 0.7x |
| Sun, 14 Jan 2024 | HK$2.6t | HK$4.2t | HK$178.5b | 7.2x | 14.6x | 0.6x |
| Tue, 12 Dec 2023 | HK$2.7t | HK$4.5t | HK$177.8b | 7x | 15.1x | 0.6x |
| Thu, 09 Nov 2023 | HK$2.9t | HK$4.4t | HK$181.6b | 7.7x | 16.2x | 0.7x |
| Sat, 07 Oct 2023 | HK$3.2t | HK$4.4t | HK$192.1b | 8.2x | 16.4x | 0.7x |
| Mon, 04 Sep 2023 | HK$3.3t | HK$4.5t | HK$193.4b | 8.3x | 16.9x | 0.7x |
| Wed, 02 Aug 2023 | HK$3.4t | HK$4.2t | HK$209.6b | 9.8x | 16.4x | 0.8x |
| Fri, 30 Jun 2023 | HK$3.3t | HK$4.2t | HK$208.8b | 9.6x | 15.8x | 0.8x |
| Sun, 28 May 2023 | HK$3.4t | HK$4.3t | HK$213.7b | 9.6x | 16.1x | 0.8x |
| Tue, 25 Apr 2023 | HK$3.5t | HK$4.3t | HK$199.7b | 10.5x | 17.5x | 0.8x |
Price to Earnings Ratio
17.5x
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 13.2x.
- The 3-year average PS ratio of 0.99x 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 23% 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 | 0.60% | |
| Financials | 0.91% | |
| Insurance | -3.26% | |
| Reinsurance | 1.46% | |
| Insurance Brokers | 0% | 0 |
| Life and Health Insurance | -2.76% | |
| Property and Casualty Insurance | -4.70% | |
| General Insurance | -6.25% | |
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 close to its 3-year average of 5.5x.
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 4.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2628 China Life Insurance | HK$27.74 | 2.1% +HK$16.4b | 102.8% | PE4.4x | |
| 1508 China Reinsurance (Group) | HK$1.39 | 1.5% +HK$849.6m | 67.5% | PE5.3x |
