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Hong Kong (HSI) Insurance Industry Analysis

UpdatedNov 27, 2022
DataAggregated Company Financials
Companies11
  • 7D2.8%
  • 3M-3.6%
  • 1Y-14.1%
  • YTD-12.1%

In the last week, the Insurance industry is up 2.8%, with Ping An Insurance (Group) Company of China up 3.3%. In contrast, the industry has lost 14% in the last 12 months. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 27 Nov 2022HK$3.1tHK$4.1tHK$233.4b6.3x13.3x0.8x
Tue, 25 Oct 2022HK$2.7tHK$4.1tHK$240.6b5.9x11.3x0.7x
Thu, 22 Sep 2022HK$3.0tHK$4.2tHK$247.2b6.7x11.9x0.7x
Sat, 20 Aug 2022HK$2.9tHK$4.4tHK$280.1b6.7x10.5x0.7x
Mon, 18 Jul 2022HK$3.1tHK$4.4tHK$279.0b6.9x11.2x0.7x
Wed, 15 Jun 2022HK$3.1tHK$4.4tHK$279.1b7x11.1x0.7x
Fri, 13 May 2022HK$3.0tHK$4.5tHK$279.7b6.5x10.6x0.7x
Sun, 10 Apr 2022HK$3.4tHK$4.7tHK$318.7b5.2x10.7x0.7x
Tue, 08 Mar 2022HK$3.3tHK$4.9tHK$359.1b5.2x9.1x0.7x
Thu, 03 Feb 2022HK$3.4tHK$4.9tHK$343.0b5.2x9.9x0.7x
Sat, 01 Jan 2022HK$3.4tHK$4.9tHK$342.7b5x9.9x0.7x
Mon, 29 Nov 2021HK$3.4tHK$4.9tHK$341.9b5.1x10x0.7x
Wed, 27 Oct 2021HK$3.7tHK$4.7tHK$368.0b5.4x10.1x0.8x
Fri, 24 Sep 2021HK$3.5tHK$4.7tHK$365.0b4.9x9.5x0.7x
Sun, 22 Aug 2021HK$3.7tHK$4.6tHK$364.3b6.3x10.1x0.8x
Fri, 09 Jul 2021HK$4.1tHK$4.6tHK$364.3b7x11.3x0.9x
Thu, 01 Apr 2021HK$4.3tHK$4.6tHK$364.3b8.7x11.9x0.9x
Sun, 03 Jan 2021HK$4.6tHK$4.5tHK$338.2b10.7x13.7x1x
Wed, 07 Oct 2020HK$4.2tHK$4.3tHK$294.3b13.2x14.2x1x
Tue, 30 Jun 2020HK$3.6tHK$4.1tHK$280.1b11.8x12.8x0.9x
Fri, 03 Apr 2020HK$3.5tHK$4.0tHK$298.6b10x11.8x0.9x
Mon, 06 Jan 2020HK$4.5tHK$4.0tHK$346.5b10.2x13x1.1x
Price to Earnings Ratio

13.3x


Total Market Cap: HK$4.3tTotal Earnings: HK$322.1bTotal Revenue: HK$3.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Insurance Industry Price to Earnings3Y Average 12.1x202020212022
Current Industry PE
  • Investors are relatively neutral on the Hong Kong Insurance industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 12.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.88x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have declined 10% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.2% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

HK Market-0.24%
Financials3.68%
Insurance2.83%
Reinsurance7.69%
Property and Casualty Insurance5.47%
Life and Health Insurance2.49%
Insurance Brokers0%
General Insurance-4.65%
Industry PE
  • Investors are most optimistic about the General Insurance industry which is trading above its 3-year average PE ratio of 29.0x.
    • Analysts are expecting annual earnings growth of 95.7%, which is higher than its past year's earnings decline of 46.0% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading close to its 3-year average of 5.1x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 96% over the next 5 years.
  • This is better than its past earnings decline of 46% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings grow by 8.9% 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
2318 Ping An Insurance (Group) Company of ChinaHK$43.853.3%
+HK$27.2b
-20.8%PE8.1x
2628 China Life InsuranceHK$11.226.7%
+HK$19.8b
-15.0%PE8.7x
2328 PICC Property and CasualtyHK$7.715.6%
+HK$9.1b
13.2%PE6.3x
1339 People's Insurance Company (Group) of ChinaHK$2.535.4%
+HK$5.7b
8.6%PE4.2x
1508 China Reinsurance (Group)HK$0.497.7%
+HK$1.5b
-34.7%PE4.7x
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1299

HK$74.55

AIA Group

7D

-2.0%

1Y

-11.9%

376

HK$0.99

Yunfeng Financial Group

7D

6.5%

1Y

-45.0%

966

HK$7.08

China Taiping Insurance Holdings

7D

4.9%

1Y

-36.7%

662

HK$3.24

Asia Financial Holdings

7D

-0.9%

1Y

-10.2%

6060

HK$17.62

ZhongAn Online P & C Insurance

7D

-5.1%

1Y

-35.1%

2328

HK$7.71

PICC Property and Casualty

7D

5.6%

1Y

13.2%

222

HK$2.87

Min Xin Holdings

7D

-2.0%

1Y

-29.8%

1508

HK$0.49

China Reinsurance (Group)

7D

7.7%

1Y

-34.7%

2318

HK$43.85

Ping An Insurance (Group) Company of China

7D

3.3%

1Y

-20.8%

2628

HK$11.22

China Life Insurance

7D

6.7%

1Y

-15.0%

1339

HK$2.53

People's Insurance Company (Group) of China

7D

5.4%

1Y

8.6%