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Apr 26
Hong Kong (HSI) Insurance Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies11
- 7D6.8%
- 3M-4.2%
- 1Y-29.3%
- YTD-6.4%
The Insurance industry is up 8.1% in the last week, with AIA Group up 7.7%. In contrast, the industry has lost 28% in the last 12 months. As for the next few years, earnings are expected to grow by 19% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | HK$1.9t | HK$2.4t | HK$123.7b | 8.5x | 15x | 0.8x |
| Sun, 24 Mar 2024 | HK$1.9t | HK$2.8t | HK$113.7b | 6.9x | 16.6x | 0.7x |
| Tue, 20 Feb 2024 | HK$2.1t | HK$2.9t | HK$92.4b | 7.1x | 22.2x | 0.7x |
| Thu, 18 Jan 2024 | HK$1.9t | HK$2.9t | HK$92.5b | 7.1x | 20.1x | 0.6x |
| Sat, 16 Dec 2023 | HK$2.7t | HK$4.5t | HK$179.6b | 7.1x | 15.2x | 0.6x |
| Mon, 13 Nov 2023 | HK$2.9t | HK$4.4t | HK$181.3b | 7.6x | 15.9x | 0.6x |
| Wed, 11 Oct 2023 | HK$3.1t | HK$4.4t | HK$191.9b | 8.4x | 16.3x | 0.7x |
| Fri, 08 Sep 2023 | HK$3.2t | HK$4.4t | HK$191.6b | 9.1x | 16.8x | 0.7x |
| Sun, 06 Aug 2023 | HK$3.4t | HK$4.2t | HK$209.9b | 9.8x | 16.4x | 0.8x |
| Tue, 04 Jul 2023 | HK$3.4t | HK$4.2t | HK$208.4b | 9.8x | 16.3x | 0.8x |
| Thu, 01 Jun 2023 | HK$3.4t | HK$4.3t | HK$212.5b | 9.4x | 15.8x | 0.8x |
| Sat, 29 Apr 2023 | HK$3.7t | HK$4.3t | HK$213.3b | 10.5x | 17.4x | 0.9x |
| Mon, 27 Mar 2023 | HK$3.4t | HK$4.3t | HK$208.2b | 6.6x | 16.1x | 0.8x |
| Wed, 22 Feb 2023 | HK$3.6t | HK$4.4t | HK$249.4b | 7.4x | 14.4x | 0.8x |
| Fri, 20 Jan 2023 | HK$3.7t | HK$4.4t | HK$251.9b | 7.9x | 14.9x | 0.8x |
| Sun, 18 Dec 2022 | HK$3.5t | HK$4.3t | HK$244.6b | 7.1x | 14.2x | 0.8x |
| Tue, 15 Nov 2022 | HK$3.0t | HK$4.1t | HK$235.8b | 5.9x | 12.9x | 0.7x |
| Thu, 13 Oct 2022 | HK$2.9t | HK$4.1t | HK$242.8b | 6.2x | 11.8x | 0.7x |
| Sat, 10 Sep 2022 | HK$3.1t | HK$4.2t | HK$249.0b | 7x | 12.6x | 0.7x |
| Mon, 08 Aug 2022 | HK$3.0t | HK$4.4t | HK$281.0b | 6.7x | 10.6x | 0.7x |
| Wed, 06 Jul 2022 | HK$3.4t | HK$4.4t | HK$280.7b | 7.2x | 12.1x | 0.8x |
| Fri, 03 Jun 2022 | HK$3.1t | HK$4.5t | HK$281.6b | 6.3x | 10.9x | 0.7x |
| Sun, 01 May 2022 | HK$3.1t | HK$4.6t | HK$293.8b | 5.8x | 10.5x | 0.7x |
| Tue, 29 Mar 2022 | HK$3.2t | HK$4.6t | HK$317.8b | 4.9x | 10.1x | 0.7x |
| Thu, 24 Feb 2022 | HK$3.6t | HK$4.9t | HK$358.8b | 4.8x | 10.1x | 0.7x |
| Sat, 22 Jan 2022 | HK$3.6t | HK$4.9t | HK$343.5b | 5.2x | 10.6x | 0.7x |
| Mon, 20 Dec 2021 | HK$3.4t | HK$4.9t | HK$342.7b | 4.9x | 9.9x | 0.7x |
| Wed, 17 Nov 2021 | HK$3.5t | HK$4.9t | HK$342.1b | 5.1x | 10.2x | 0.7x |
| Fri, 15 Oct 2021 | HK$3.6t | HK$4.7t | HK$366.3b | 5.2x | 9.8x | 0.8x |
| Sun, 12 Sep 2021 | HK$3.7t | HK$4.6t | HK$364.3b | 6.4x | 10.2x | 0.8x |
| Tue, 10 Aug 2021 | HK$3.7t | HK$4.6t | HK$364.3b | 6.5x | 10.2x | 0.8x |
| Mon, 03 May 2021 | HK$4.3t | HK$4.6t | HK$364.3b | 8.1x | 11.9x | 0.9x |
Price to Earnings Ratio
11.9x
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 13.6x.
- The industry is trading close to its 3-year average PS ratio of 0.76x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have declined 30% per year over the last three years,
- Revenues have also declined 20% 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 | 3.52% | |
| Financials | 3.53% | |
| Insurance | 6.75% | |
| Life and Health Insurance | 9.63% | |
| Reinsurance | 5.77% | |
| Insurance Brokers | 0% | |
| Property and Casualty Insurance | -0.69% | |
| General Insurance | -1.38% | |
Industry PE
- Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 16.6x.
- Analysts are expecting annual earnings growth of 22.3%, which is higher than its past year's earnings decline of 5.2% 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 Life and Health Insurance industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings decline of 5.2% per year.
- In contrast, the General Insurance industry is expected to see its earnings decline by 30% 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 | |
|---|---|---|---|---|---|
| 1299 AIA Group | HK$51.55 | 7.7% +HK$41.4b | -39.5% | PE19.6x | |
| 2628 China Life Insurance | HK$10.12 | 11.7% +HK$30.0b | -31.3% | PE12.5x | |
| 966 China Taiping Insurance Holdings | HK$7.04 | 8.8% +HK$2.0b | -23.3% | PE4.7x | |
| 1508 China Reinsurance (Group) | HK$0.55 | 5.8% +HK$1.3b | -5.2% | PE3.8x | |
| 376 Yunfeng Financial Group | HK$0.88 | 3.5% +HK$116.0m | -25.4% | PE8.6x |
