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Hong Kong (HSI) Insurance Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies14
  • 7D-4.4%
  • 3M8.3%
  • 1Y75.8%
  • YTD5.4%

Over the last 7 days, the Insurance industry has dropped 4.4%, driven by AIA Group declining 7.6%. Over the past 12 months, the industry was up 76%. Looking forward, earnings are forecast to decline by 7.5% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026HK$3.3tHK$2.3tHK$372.5b9.5x8.9x1.4x
Tue, 06 Jan 2026HK$3.3tHK$2.3tHK$369.3b9x9x1.5x
Thu, 04 Dec 2025HK$3.0tHK$2.3tHK$365.6b8.3x8.3x1.3x
Sat, 01 Nov 2025HK$3.0tHK$2.3tHK$362.8b8.8x8.4x1.3x
Mon, 29 Sep 2025HK$2.8tHK$2.2tHK$289.0b8x9.6x1.3x
Wed, 27 Aug 2025HK$3.0tHK$2.1tHK$285.7b11.6x10.6x1.4x
Fri, 25 Jul 2025HK$2.9tHK$2.1tHK$292.7b10.3x9.8x1.4x
Sun, 22 Jun 2025HK$2.7tHK$2.1tHK$291.7b8.1x9.1x1.3x
Tue, 20 May 2025HK$2.5tHK$2.1tHK$287.3b8x8.8x1.2x
Thu, 17 Apr 2025HK$2.2tHK$2.0tHK$272.7b7.4x8.1x1.1x
Sat, 15 Mar 2025HK$2.4tHK$2.5tHK$222.5b8.7x10.9x1x
Mon, 10 Feb 2025HK$2.3tHK$2.5tHK$221.6b7.7x10.4x0.9x
Wed, 08 Jan 2025HK$2.2tHK$2.5tHK$220.3b7.1x10.2x0.9x
Fri, 06 Dec 2024HK$2.4tHK$2.5tHK$221.9b7.5x10.7x1x
Sun, 03 Nov 2024HK$2.5tHK$2.6tHK$225.4b8.7x11.1x1x
Tue, 01 Oct 2024HK$2.6tHK$2.5tHK$144.0b9x18.2x1x
Thu, 29 Aug 2024HK$2.0tHK$2.4tHK$128.5b8.4x15.8x0.8x
Sat, 27 Jul 2024HK$1.9tHK$2.4tHK$118.0b8.3x16.1x0.8x
Mon, 24 Jun 2024HK$2.0tHK$2.4tHK$117.9b8.4x16.6x0.8x
Wed, 22 May 2024HK$2.1tHK$2.4tHK$118.1b8.8x18x0.9x
Fri, 19 Apr 2024HK$1.8tHK$2.4tHK$124.3b8.3x14.5x0.8x
Sun, 17 Mar 2024HK$2.0tHK$2.9tHK$114.1b7x17.2x0.7x
Tue, 13 Feb 2024HK$2.0tHK$2.9tHK$92.4b7x21.8x0.7x
Thu, 11 Jan 2024HK$2.6tHK$4.2tHK$178.4b7.1x14.4x0.6x
Sat, 09 Dec 2023HK$2.7tHK$4.5tHK$178.4b7x15.1x0.6x
Mon, 06 Nov 2023HK$3.0tHK$4.4tHK$181.2b7.9x16.6x0.7x
Wed, 04 Oct 2023HK$3.1tHK$4.4tHK$192.2b8.1x16.3x0.7x
Fri, 01 Sep 2023HK$3.2tHK$4.5tHK$192.9b8.3x16.6x0.7x
Sun, 30 Jul 2023HK$3.5tHK$4.2tHK$210.1b9.9x16.5x0.8x
Tue, 27 Jun 2023HK$3.3tHK$4.2tHK$208.8b9.5x15.6x0.8x
Thu, 25 May 2023HK$3.5tHK$4.3tHK$214.0b9.7x16.1x0.8x
Sat, 22 Apr 2023HK$3.5tHK$4.3tHK$199.8b10.5x17.3x0.8x
Mon, 20 Mar 2023HK$3.3tHK$4.3tHK$208.7b6.9x16x0.8x
Wed, 15 Feb 2023HK$3.6tHK$4.4tHK$251.6b7.4x14.4x0.8x
Price to Earnings Ratio

14.4x


Total Market Cap: HK$3.6tTotal Earnings: HK$251.6bTotal Revenue: HK$4.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Insurance Industry Price to Earnings3Y Average 13.7x202420252026
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 8.9x which is lower than its 3-year average PE of 13.7x.
  • The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 14% per year over the last three years.
  • Meanwhile revenues for these companies have declined 19% 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-1.98%
Financials-0.77%
Insurance-4.37%
Insurance Brokers0%0
Property and Casualty Insurance-2.78%
Life and Health Insurance-4.85%
Reinsurance-5.11%
General Insurance-6.14%
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 5.9%, which is higher than its past year's earnings growth of 2.3% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading close to its 3-year average of 5.6x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 5.9% over the next 5 years.
  • This is better than its past earnings growth rate of 2.3% per year.
  • In contrast, the Life and Health Insurance industry is expected to see its earnings decline by 11% 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
1828 FWD Group HoldingsHK$37.902.4%
+HK$1.1b		n/aPE91x
1471 Zhongmiao Holdings (Qingdao)HK$19.6517.0%
+HK$402.4m		53.0%PE49.1x

Latest News

6060
HK$15.46
ZhongAn Online P & C Insurance
7D
-7.1%
1Y
24.9%

6060: Updated Assumptions Will Support Future Upside From Unchanged Fair Value Estimate

Analysts have nudged their price target for ZhongAn Online P & C Insurance to HK$28.77, a level that reflects updated assumptions for discount rate, revenue growth, profit margin and future P/E, even though the underlying fair value remains stated at HK$28.77. Valuation Changes Fair Value: Unchanged at HK$28.77, with no adjustment to the stated fair value estimate.
1339
HK$6.58
People's Insurance Company (Group) of China
7D
-3.2%
1Y
62.9%

1339: Non Auto Insurance Outlook Will Support Future Re Rating

Analysts have nudged their price target on People's Insurance Company (Group) of China slightly higher to reflect updated fair value, discount rate, revenue growth, profit margin, and future P/E assumptions that are now marginally different from prior estimates. What's in the News People's Insurance Company (Group) of China plans an Analyst and Investor Day focused on the outlook for the high-quality development of non-auto insurance.
1471
HK$19.65
Zhongmiao Holdings (Qingdao)
7D
17.0%
1Y
53.0%
1299
HK$83.50
AIA Group
7D
-7.6%
1Y
57.3%
2628
HK$33.70
China Life Insurance
7D
-3.4%
1Y
124.1%

China Life Insurance Company Limited (HKG:2628) Surges 25% Yet Its Low P/E Is No Reason For Excitement

Jan 28
China Life Insurance Company Limited (HKG:2628) Surges 25% Yet Its Low P/E Is No Reason For Excitement
1508
HK$1.67
China Reinsurance (Group)
7D
-5.1%
1Y
89.8%
966
HK$24.64
China Taiping Insurance Holdings
7D
-3.8%
1Y
110.2%

China Taiping Insurance Holdings Company Limited (HKG:966) Stock Rockets 28% But Many Are Still Ignoring The Company

Jan 27
China Taiping Insurance Holdings Company Limited (HKG:966) Stock Rockets 28% But Many Are Still Ignoring The Company
2328
HK$15.83
PICC Property and Casualty
7D
-2.2%
1Y
21.2%

2328: Reinsurance Agreements And Dividend Policy Will Support Stronger Margins And Shareholder Returns

Analysts have raised their price target for PICC Property and Casualty to C$24.23 from C$23.84, reflecting updated assumptions regarding revenue growth, profit margin and future P/E inputs. What's in the News PICC Property and Casualty and PICC Reinsurance entered into a one year Reinsurance Framework Agreement effective from 1 January 2026 to 31 December 2026, covering treaty and facultative reinsurance across all property and casualty lines, with ceding ratios between 0.1% and 80% and commission rates capped at 45% on ceded business (Key Developments).
376
HK$2.98
Yunfeng Financial Group
7D
-8.0%
1Y
189.3%

Yunfeng Financial Group Limited (HKG:376) Shares May Have Slumped 28% But Getting In Cheap Is Still Unlikely

Nov 02
Yunfeng Financial Group Limited (HKG:376) Shares May Have Slumped 28% But Getting In Cheap Is Still Unlikely
1828
HK$37.90
FWD Group Holdings
7D
2.4%
1Y
n/a