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Hong Kong (HSI) Insurance Industry Analysis

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies11
  • 7D-1.1%
  • 3M-2.7%
  • 1Y-19.0%
  • YTD-2.8%

Over the last 7 days, the Insurance industry has dropped 1.1%, driven by a pullback from PICC Property and Casualty of 3.3%. However, the industry is down 19% over the past year. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 18 Mar 2024HK$2.0tHK$2.9tHK$114.1b7x17.2x0.7x
Wed, 14 Feb 2024HK$2.0tHK$2.9tHK$92.4b7x21.8x0.7x
Fri, 12 Jan 2024HK$2.6tHK$4.2tHK$178.6b7.2x14.4x0.6x
Sun, 10 Dec 2023HK$2.7tHK$4.5tHK$178.3b7x15.1x0.6x
Tue, 07 Nov 2023HK$3.1tHK$4.4tHK$182.0b8.1x16.9x0.7x
Thu, 05 Oct 2023HK$3.1tHK$4.4tHK$192.1b8.1x16.3x0.7x
Sat, 02 Sep 2023HK$3.3tHK$4.5tHK$193.5b8.3x16.9x0.7x
Mon, 31 Jul 2023HK$3.5tHK$4.2tHK$210.1b9.9x16.5x0.8x
Wed, 28 Jun 2023HK$3.3tHK$4.2tHK$209.2b9.6x15.7x0.8x
Fri, 26 May 2023HK$3.5tHK$4.3tHK$214.0b9.7x16.1x0.8x
Sun, 23 Apr 2023HK$3.4tHK$4.3tHK$199.7b10.5x17.3x0.8x
Tue, 21 Mar 2023HK$3.3tHK$4.3tHK$208.8b6.7x15.6x0.8x
Thu, 16 Feb 2023HK$3.6tHK$4.4tHK$250.8b7.3x14.2x0.8x
Sat, 14 Jan 2023HK$3.8tHK$4.5tHK$253.4b8.1x15.1x0.9x
Mon, 12 Dec 2022HK$3.5tHK$4.3tHK$245.2b7.9x14.5x0.8x
Wed, 09 Nov 2022HK$2.8tHK$4.1tHK$234.0b5.9x11.9x0.7x
Fri, 07 Oct 2022HK$2.9tHK$4.1tHK$244.3b6.5x11.9x0.7x
Sun, 04 Sep 2022HK$3.1tHK$4.3tHK$250.8b6.8x12.2x0.7x
Tue, 02 Aug 2022HK$3.0tHK$4.4tHK$279.4b6.7x10.8x0.7x
Thu, 30 Jun 2022HK$3.4tHK$4.4tHK$280.5b7x12x0.8x
Sat, 28 May 2022HK$3.0tHK$4.4tHK$279.6b6.7x10.8x0.7x
Mon, 25 Apr 2022HK$3.2tHK$4.6tHK$313.7b5.2x10.2x0.7x
Wed, 23 Mar 2022HK$3.3tHK$4.8tHK$324.5b5.1x10.2x0.7x
Fri, 18 Feb 2022HK$3.7tHK$4.9tHK$357.6b5.5x10.4x0.8x
Sun, 16 Jan 2022HK$3.5tHK$4.9tHK$343.0b5.2x10.2x0.7x
Tue, 14 Dec 2021HK$3.5tHK$4.9tHK$342.8b5.1x10.1x0.7x
Thu, 11 Nov 2021HK$3.4tHK$4.9tHK$341.5b5.2x9.9x0.7x
Sat, 09 Oct 2021HK$3.6tHK$4.7tHK$365.6b5.1x9.9x0.8x
Mon, 06 Sep 2021HK$3.7tHK$4.6tHK$364.3b6.3x10.2x0.8x
Wed, 04 Aug 2021HK$3.7tHK$4.6tHK$364.3b6.3x10.1x0.8x
Sat, 08 May 2021HK$4.3tHK$4.6tHK$364.3b8.1x11.9x0.9x
Price to Earnings Ratio

11.9x


Total Market Cap: HK$4.3tTotal Earnings: HK$364.3bTotal Revenue: HK$4.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Insurance Industry Price to Earnings3Y Average 13.5x202220232024
Current Industry PE
  • Investors are optimistic on the Hong Kong Insurance industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 17.2x which is higher than its 3-year average PE of 13.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.77x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have declined 32% per year over the last three years,
  • Revenues have also declined 15% 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 Market1.55%
Financials-0.84%
Insurance-1.09%
General Insurance2.40%
Insurance Brokers0%
Life and Health Insurance-0.28%
Reinsurance-2.00%
Property and Casualty Insurance-3.68%
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 16.2x.
    • Analysts are expecting annual earnings growth of 24.0%, which is higher than its past year's earnings decline of 36.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings grow by 13% 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
1508 China Reinsurance (Group)HK$0.524.0%
+HK$849.6m
-7.1%PE6x
6060 ZhongAn Online P & C InsuranceHK$12.683.9%
+HK$705.5m
-44.4%PS0.7x
2628 China Life InsuranceHK$9.610.1%
+HK$282.6m
-25.8%PE14.5x
966 China Taiping Insurance HoldingsHK$7.070.9%
+HK$215.6m
-17.8%PE7.5x
662 Asia Financial HoldingsHK$3.220.6%
+HK$18.6m
-0.6%PE6.7x
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Latest News

222

HK$2.38

Min Xin Holdings

7D

-6.3%

1Y

-20.4%

2328

HK$10.58

PICC Property and Casualty

7D

-6.2%

1Y

43.0%

662

HK$3.22

Asia Financial Holdings

7D

0.6%

1Y

-0.6%

376

HK$0.77

Yunfeng Financial Group

7D

-1.3%

1Y

-35.8%

6963

HK$3.00

Sunshine Insurance Group

7D

-2.3%

1Y

-29.1%

966

HK$7.07

China Taiping Insurance Holdings

7D

0.9%

1Y

-17.8%

2628

HK$9.61

China Life Insurance

7D

0.1%

1Y

-25.8%

1339

HK$2.57

People's Insurance Company (Group) of China

7D

-3.4%

1Y

0.4%