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Hong Kong (HSI) Insurance Industry Analysis

UpdatedJan 30, 2025
DataAggregated Company Financials
Companies12
  • 7D3.6%
  • 3M-8.8%
  • 1Y28.7%
  • YTD2.8%

In the last week, the Insurance industry is up 1.6%, with China Life Insurance up 5.0%. In the last 12 months, the industry was up 28%. As for the next few years, earnings are forecast to decline by 4.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Jan 2025HK$2.3tHK$2.5tHK$222.6b7.5x10.4x0.9x
Sat, 28 Dec 2024HK$2.4tHK$2.5tHK$220.5b7.4x10.8x1x
Mon, 25 Nov 2024HK$2.4tHK$2.5tHK$222.5b7.3x10.6x0.9x
Wed, 23 Oct 2024HK$2.5tHK$2.5tHK$142.6b9x17.8x1x
Fri, 20 Sep 2024HK$2.1tHK$2.5tHK$143.8b7.6x14.7x0.8x
Sun, 18 Aug 2024HK$1.9tHK$2.4tHK$118.8b8.6x16.2x0.8x
Tue, 16 Jul 2024HK$1.9tHK$2.4tHK$117.9b7.8x16.5x0.8x
Thu, 13 Jun 2024HK$2.0tHK$2.4tHK$118.0b8.2x16.6x0.8x
Sat, 11 May 2024HK$2.1tHK$2.4tHK$118.4b8.6x17.7x0.9x
Mon, 08 Apr 2024HK$1.9tHK$2.4tHK$124.3b8.5x15.1x0.8x
Wed, 06 Mar 2024HK$2.0tHK$2.9tHK$92.4b7.4x21.7x0.7x
Fri, 02 Feb 2024HK$1.9tHK$2.9tHK$92.6b7.2x21x0.7x
Sun, 31 Dec 2023HK$2.8tHK$4.5tHK$179.8b7.3x15.5x0.6x
Tue, 28 Nov 2023HK$2.9tHK$4.5tHK$178.1b7.6x16.3x0.6x
Thu, 26 Oct 2023HK$3.0tHK$4.4tHK$191.5b7.8x15.6x0.7x
Sat, 23 Sep 2023HK$3.2tHK$4.4tHK$191.8b8.8x16.8x0.7x
Mon, 21 Aug 2023HK$3.2tHK$4.2tHK$207.3b8.7x15.2x0.8x
Wed, 19 Jul 2023HK$3.3tHK$4.2tHK$209.8b9x15.6x0.8x
Fri, 16 Jun 2023HK$3.5tHK$4.2tHK$210.3b9.7x16.5x0.8x
Sun, 14 May 2023HK$3.6tHK$4.3tHK$217.1b9.9x16.7x0.8x
Tue, 11 Apr 2023HK$3.3tHK$4.3tHK$200.4b9.8x16.6x0.8x
Thu, 09 Mar 2023HK$3.5tHK$4.3tHK$247.0b7x14.2x0.8x
Sat, 04 Feb 2023HK$3.6tHK$4.5tHK$253.9b7.6x14.1x0.8x
Mon, 02 Jan 2023HK$3.6tHK$4.3tHK$247.6b7.9x14.4x0.8x
Wed, 30 Nov 2022HK$3.2tHK$4.1tHK$232.4b6.4x13.8x0.8x
Fri, 28 Oct 2022HK$2.6tHK$4.1tHK$234.4b6.2x11.2x0.6x
Sun, 25 Sep 2022HK$2.9tHK$4.1tHK$243.9b6.6x12x0.7x
Tue, 23 Aug 2022HK$2.9tHK$4.4tHK$279.1b6.8x10.5x0.7x
Thu, 21 Jul 2022HK$3.2tHK$4.4tHK$279.4b7.1x11.4x0.7x
Sat, 18 Jun 2022HK$3.2tHK$4.5tHK$280.7b7x11.5x0.7x
Mon, 16 May 2022HK$2.9tHK$4.4tHK$278.1b6.5x10.6x0.7x
Wed, 13 Apr 2022HK$3.3tHK$4.7tHK$318.5b5.2x10.5x0.7x
Fri, 11 Mar 2022HK$3.2tHK$4.9tHK$359.2b5.1x8.9x0.7x
Sun, 06 Feb 2022HK$3.5tHK$4.9tHK$343.0b5.3x10.1x0.7x
Price to Earnings Ratio

10.1x


Total Market Cap: HK$3.5tTotal Earnings: HK$343.0bTotal Revenue: HK$4.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Insurance Industry Price to Earnings3Y Average 14.6x202320242025
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 10.4x 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 0.79x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have declined 13% 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 Market1.94%
Financials3.72%
Insurance3.57%
General Insurance5.94%
Property and Casualty Insurance5.41%
Life and Health Insurance2.92%
Reinsurance2.53%
Insurance Brokers0%0
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry even though it's trading below its 3-year average PE ratio of 18.8x.
    • Analysts are expecting annual earnings decline of 6.8%, which is lower than the prior year's growth of 21.3% 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 Property and Casualty Insurance industry, expecting annual earnings growth of 4.4% over the next 5 years.
  • However this is lower than its past earnings growth rate of 26% per year.
  • In contrast, the General Insurance industry is expected to see its earnings decline by 52% 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
2628 China Life InsuranceHK$14.385.0%
+HK$19.2b
60.1%PE4.3x
1339 People's Insurance Company (Group) of ChinaHK$3.987.3%
+HK$11.9b
63.8%PE4.3x
2328 PICC Property and CasualtyHK$12.643.4%
+HK$9.3b
30.0%PE11.5x
966 China Taiping Insurance HoldingsHK$11.587.2%
+HK$2.8b
78.7%PE6.9x
6060 ZhongAn Online P & C InsuranceHK$12.067.5%
+HK$1.3b
-0.8%PE4.4x
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Latest News

2628

HK$14.38

China Life Insurance

7D

5.0%

1Y

60.1%

1339

HK$3.98

People's Insurance Company (Group) of China

7D

7.3%

1Y

63.8%

662

HK$3.90

Asia Financial Holdings

7D

-1.3%

1Y

11.4%

6060

HK$12.06

ZhongAn Online P & C Insurance

7D

7.5%

1Y

-0.8%

1508

HK$0.81

China Reinsurance (Group)

7D

2.5%

1Y

92.9%

2328

HK$12.64

PICC Property and Casualty

7D

3.4%

1Y

30.0%

6963

HK$2.80

Sunshine Insurance Group

7D

3.7%

1Y

-29.3%

376

HK$1.06

Yunfeng Financial Group

7D

8.2%

1Y

29.3%