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Hong Kong (HSI) Insurance Industry Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies14
  • 7D1.4%
  • 3M-15.3%
  • 1Y60.0%
  • YTD-9.5%

Over the last 7 days, the Insurance industry has risen 1.4%, driven by gains in AIA Group and China Life Insurance of 1.5% and 1.6%, respectively. In the last 12 months, the industry was up 60%. Earnings are forecast to grow by 4.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Apr 2026HK$2.9tHK$2.4tHK$372.6b6.5x7.7x1.2x
Fri, 06 Mar 2026HK$3.1tHK$2.3tHK$375.0b8.8x8.4x1.3x
Sun, 01 Feb 2026HK$3.5tHK$2.3tHK$371.9b9.8x9.3x1.5x
Tue, 30 Dec 2025HK$3.2tHK$2.3tHK$367.7b8.5x8.7x1.4x
Thu, 27 Nov 2025HK$3.1tHK$2.3tHK$364.6b8.8x8.5x1.4x
Sat, 25 Oct 2025HK$3.0tHK$2.2tHK$289.0b8.9x10.5x1.4x
Mon, 22 Sep 2025HK$2.8tHK$2.2tHK$288.9b8.3x9.8x1.3x
Wed, 20 Aug 2025HK$3.0tHK$2.1tHK$290.2b11.8x10.3x1.4x
Fri, 18 Jul 2025HK$2.7tHK$2.1tHK$291.9b9.7x9.3x1.3x
Sun, 15 Jun 2025HK$2.7tHK$2.1tHK$291.7b8.2x9.2x1.3x
Tue, 13 May 2025HK$2.5tHK$2.1tHK$286.4b8.1x8.6x1.2x
Thu, 10 Apr 2025HK$2.1tHK$2.0tHK$271.4b7.4x7.9x1.1x
Sat, 08 Mar 2025HK$2.4tHK$2.5tHK$222.4b8.3x10.8x1x
Mon, 03 Feb 2025HK$2.3tHK$2.5tHK$222.6b7.5x10.4x0.9x
Wed, 01 Jan 2025HK$2.4tHK$2.5tHK$220.6b7.4x10.9x1x
Fri, 29 Nov 2024HK$2.4tHK$2.5tHK$222.3b7.5x10.7x0.9x
Sun, 27 Oct 2024HK$2.6tHK$2.5tHK$142.6b9.4x18.1x1x
Tue, 24 Sep 2024HK$2.1tHK$2.5tHK$143.9b7.6x14.9x0.9x
Thu, 22 Aug 2024HK$1.9tHK$2.4tHK$119.3b8.4x16.2x0.8x
Sat, 20 Jul 2024HK$1.9tHK$2.4tHK$117.8b8x16.5x0.8x
Mon, 17 Jun 2024HK$2.0tHK$2.4tHK$118.0b8.2x16.6x0.8x
Wed, 15 May 2024HK$2.1tHK$2.4tHK$118.3b8.7x17.6x0.9x
Fri, 12 Apr 2024HK$1.8tHK$2.4tHK$124.3b8.3x14.7x0.8x
Sun, 10 Mar 2024HK$2.0tHK$2.9tHK$92.5b7x21.6x0.7x
Tue, 06 Feb 2024HK$1.9tHK$2.9tHK$93.3b7.1x20.8x0.7x
Thu, 04 Jan 2024HK$2.7tHK$4.5tHK$178.7b7.2x15.1x0.6x
Sat, 02 Dec 2023HK$2.8tHK$4.5tHK$178.9b7.4x15.8x0.6x
Mon, 30 Oct 2023HK$3.0tHK$4.4tHK$180.8b7.8x16.6x0.7x
Wed, 27 Sep 2023HK$3.1tHK$4.4tHK$191.7b8.3x16.3x0.7x
Fri, 25 Aug 2023HK$3.1tHK$4.1tHK$201.4b9.1x15.4x0.7x
Sun, 23 Jul 2023HK$3.2tHK$4.2tHK$209.6b8.9x15.3x0.8x
Tue, 20 Jun 2023HK$3.4tHK$4.2tHK$210.4b9.8x16.4x0.8x
Thu, 18 May 2023HK$3.7tHK$4.3tHK$215.5b9.9x17.2x0.9x
Sat, 15 Apr 2023HK$3.4tHK$4.3tHK$200.9b10x16.7x0.8x
Price to Earnings Ratio

16.7x


Total Market Cap: HK$3.4tTotal Earnings: HK$200.9bTotal Revenue: HK$4.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Insurance Industry Price to Earnings3Y Average 13.3x202420252026
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 7.7x which is lower than its 3-year average PE of 13.3x.
  • The 3-year average PS ratio of 0.99x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 23% per year over the last three years.
  • Meanwhile revenues for these companies have declined 18% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

HK Market1.56%
Financials1.48%
Insurance1.41%
Life and Health Insurance1.67%
Property and Casualty Insurance0.73%
General Insurance0.60%
Insurance Brokers0%0
Reinsurance-0.68%
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 12.0%, which is lower than the prior year's growth of 72.6% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading close to its 3-year average of 5.6x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 73% per year.
  • In contrast, the Life and Health Insurance industry is expected to see its earnings grow by 4.6% 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
1299 AIA GroupHK$86.151.5%
+HK$13.2b		62.1%PE18.4x
2628 China Life InsuranceHK$25.001.6%
+HK$11.3b		93.8%PE4x
2328 PICC Property and CasualtyHK$14.511.8%
+HK$5.6b		8.4%PE7x
966 China Taiping Insurance HoldingsHK$21.123.1%
+HK$2.3b		111.2%PE2.9x
1828 FWD Group HoldingsHK$31.182.6%
+HK$1.0b		n/aPE30.6x

Latest News

2328
HK$14.51
PICC Property and Casualty
7D
1.8%
1Y
8.4%

2328: Future Dividend Plans And Reinsurance Frameworks Will Shape Fair Outlook

Analysts have reduced their price target for PICC Property and Casualty by around HK$1.93. This reflects updated assumptions for slower revenue growth, a slightly different profit margin outlook, and a lower future P/E multiple.
1508
HK$1.46
China Reinsurance (Group)
7D
-0.7%
1Y
75.9%

1508: Governance Changes And Higher Discount Rate Will Temper Fair Value Outlook

Analysts have reduced their HK$ price target on China Reinsurance (Group), citing updated assumptions that reflect a higher discount rate along with revised views on revenue growth, profit margins, and future P/E. What's in the News A board meeting is scheduled for 30 March 2026 to review annual results for the year ended 31 December 2025 and to consider a final dividend, along with other business on the agenda (company announcement).
1339
HK$5.39
People's Insurance Company (Group) of China
7D
-0.2%
1Y
41.1%

1339: Fair Outlook Will Depend On Dividend Continuity And Margin Discipline

Analysts have trimmed their HK$ price target for People's Insurance Company (Group) of China, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News Proposed final ordinary dividend of RMB 0.145 per share for the year ended 31 December 2025, with payment scheduled for 28 August 2026, subject to approvals (Key Developments).
1299
HK$86.15
AIA Group
7D
1.5%
1Y
62.1%

1299: Share Buybacks And Higher Dividend Will Support Future Upside Potential

Analysts have raised their price target on AIA Group from about HK$100.40 to roughly HK$103.42, citing updated assumptions that now factor in revenue growth of 3.45%, a profit margin of 32.14% and a forward P/E of 17.80x. What's in the News The Board of Directors authorized a share buyback plan on March 19, 2026, as part of AIA Group Limited's capital management approach (Key Developments).
1471
HK$45.70
Zhongmiao Holdings (Qingdao)
7D
14.3%
1Y
184.6%
2628
HK$25.00
China Life Insurance
7D
1.6%
1Y
93.8%
222
HK$2.84
Min Xin Holdings
7D
-4.1%
1Y
38.5%
376
HK$2.85
Yunfeng Financial Group
7D
2.9%
1Y
220.2%
966
HK$21.12
China Taiping Insurance Holdings
7D
3.1%
1Y
111.2%
1828
HK$31.18
FWD Group Holdings
7D
2.6%
1Y
n/a
6963
HK$3.70
Sunshine Insurance Group
7D
1.9%
1Y
11.4%