ZhongAn Online P & C Insurance Co., Ltd. (HKG:6060) Full-Year Results: Here's What Analysts Are Forecasting For This Year
Mar 21
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Hong Kong (HSI) Insurance Industry Analysis
UpdatedMar 22, 2025
DataAggregated Company Financials
Companies12
- 7D-1.1%
- 3M12.7%
- 1Y42.3%
- YTD14.7%
Over the last 7 days, the Insurance industry has dropped 1.1%, driven by China Life Insurance declining 3.8%. On the other hand PICC Property and Casualty is actually up 8.7%. In the past year, the industry has gained 42%. Looking forward, earnings are forecast to decline by 5.5% per year.
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 |
|---|---|---|---|---|---|---|
| Sun, 23 Mar 2025 | HK$2.4t | HK$2.5t | HK$234.2b | 8.8x | 10.2x | 0.9x |
| Tue, 18 Feb 2025 | HK$2.4t | HK$2.5t | HK$222.0b | 7.6x | 10.6x | 0.9x |
| Thu, 16 Jan 2025 | HK$2.2t | HK$2.5t | HK$220.5b | 7.1x | 9.9x | 0.9x |
| Sat, 14 Dec 2024 | HK$2.4t | HK$2.5t | HK$221.5b | 7.6x | 10.8x | 1x |
| Mon, 11 Nov 2024 | HK$2.7t | HK$2.5t | HK$223.9b | 8.7x | 12x | 1.1x |
| Wed, 09 Oct 2024 | HK$2.7t | HK$2.5t | HK$143.6b | 9.4x | 19.1x | 1.1x |
| Fri, 06 Sep 2024 | HK$2.1t | HK$2.5t | HK$143.3b | 8.4x | 14.6x | 0.8x |
| Sun, 04 Aug 2024 | HK$2.0t | HK$2.4t | HK$119.1b | 8.5x | 16.4x | 0.8x |
| Tue, 02 Jul 2024 | HK$1.9t | HK$2.4t | HK$117.9b | 8.2x | 16.2x | 0.8x |
| Thu, 30 May 2024 | HK$2.0t | HK$2.4t | HK$118.1b | 8.6x | 17.3x | 0.9x |
| Sat, 27 Apr 2024 | HK$1.9t | HK$2.4t | HK$123.7b | 8.4x | 15.4x | 0.8x |
| Mon, 25 Mar 2024 | HK$1.9t | HK$2.8t | HK$113.7b | 6.9x | 16.6x | 0.7x |
| Wed, 21 Feb 2024 | HK$2.0t | HK$2.9t | HK$92.4b | 7.2x | 22.1x | 0.7x |
| Fri, 19 Jan 2024 | HK$1.9t | HK$2.9t | HK$92.5b | 7.2x | 20.1x | 0.6x |
| Sun, 17 Dec 2023 | HK$2.7t | HK$4.5t | HK$179.2b | 7.1x | 15.2x | 0.6x |
| Tue, 14 Nov 2023 | HK$2.9t | HK$4.4t | HK$181.2b | 7.6x | 16x | 0.7x |
| Thu, 12 Oct 2023 | HK$3.2t | HK$4.4t | HK$191.8b | 8.5x | 16.5x | 0.7x |
| Sat, 09 Sep 2023 | HK$3.2t | HK$4.4t | HK$191.2b | 9.1x | 16.9x | 0.7x |
| Mon, 07 Aug 2023 | HK$3.4t | HK$4.2t | HK$209.9b | 9.8x | 16.4x | 0.8x |
| Wed, 05 Jul 2023 | HK$3.4t | HK$4.2t | HK$209.1b | 9.7x | 16.2x | 0.8x |
| Fri, 02 Jun 2023 | HK$3.4t | HK$4.3t | HK$212.3b | 9.4x | 15.9x | 0.8x |
| Sun, 30 Apr 2023 | HK$3.7t | HK$4.3t | HK$213.4b | 10.5x | 17.4x | 0.9x |
| Tue, 28 Mar 2023 | HK$3.3t | HK$4.3t | HK$207.9b | 6.6x | 16x | 0.8x |
| Thu, 23 Feb 2023 | HK$3.5t | HK$4.4t | HK$248.9b | 7.4x | 14.2x | 0.8x |
| Sat, 21 Jan 2023 | HK$3.8t | HK$4.4t | HK$252.0b | 8.2x | 15x | 0.9x |
| Mon, 19 Dec 2022 | HK$3.5t | HK$4.3t | HK$244.6b | 7.1x | 14.2x | 0.8x |
| Wed, 16 Nov 2022 | HK$3.1t | HK$4.1t | HK$236.8b | 5.8x | 13x | 0.7x |
| Fri, 14 Oct 2022 | HK$2.8t | HK$4.1t | HK$242.5b | 6.1x | 11.7x | 0.7x |
| Sun, 11 Sep 2022 | HK$3.1t | HK$4.2t | HK$250.0b | 6.9x | 12.5x | 0.7x |
| Tue, 09 Aug 2022 | HK$3.0t | HK$4.4t | HK$281.0b | 6.6x | 10.5x | 0.7x |
| Thu, 07 Jul 2022 | HK$3.3t | HK$4.4t | HK$280.1b | 7.1x | 11.9x | 0.8x |
| Sat, 04 Jun 2022 | HK$3.1t | HK$4.5t | HK$281.9b | 6.5x | 10.9x | 0.7x |
| Mon, 02 May 2022 | HK$3.1t | HK$4.6t | HK$293.8b | 5.8x | 10.5x | 0.7x |
| Wed, 30 Mar 2022 | HK$3.2t | HK$4.7t | HK$317.9b | 5.1x | 10.2x | 0.7x |
Price to Earnings Ratio
10.2x
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 10.2x which is lower than its 3-year average PE of 14.6x.
- The industry is trading close to its 3-year average PS ratio of 0.80x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have declined 9.7% per year over the last three years,
- Revenues have also declined 18% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Financials industry?
| HK Market | -0.73% | |
| Financials | -0.38% | |
| Insurance | -1.14% | |
| Property and Casualty Insurance | 3.05% | |
| General Insurance | 1.74% | |
| Insurance Brokers | 0% | 0 |
| Reinsurance | 0% | 0 |
| Life and Health Insurance | -2.69% | |
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 14.9%, which is higher than its past year's earnings decline of 37.8% per year.
- Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 5.5x.
Forecasted Growth
- Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 15% over the next 5 years.
- This is better than its past earnings decline of 38% per year.
- In contrast, the Life and Health Insurance industry is expected to see its earnings decline by 9.6% 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 | |
|---|---|---|---|---|---|
| 2328 PICC Property and Casualty | HK$14.72 | 8.7% +HK$26.2b | 40.2% | PE13.4x | |
| 6963 Sunshine Insurance Group | HK$3.26 | 0.9% +HK$345.0m | 12.4% | PE8.8x | |
| 1471 Zhongmiao Holdings (Qingdao) | HK$17.66 | 10.4% +HK$234.4m | n/a | PE56.1x | |
| 6060 ZhongAn Online P & C Insurance | HK$13.50 | 3.5% +HK$24.1m | 11.0% | PE30.7x |
