AIA Group (HKG:1299) Will Pay A Larger Dividend Than Last Year At $1.19
Apr 20
Hong Kong (HSI) Life and Health Insurance Industry Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies5
- 7D7.0%
- 3M-9.6%
- 1Y-36.9%
- YTDn/a
In the last week, Life and Health Insurance has been flat. Unfortunately though, the industry is down 39% over the past 12 months. As for the next few years, earnings are expected to grow by 23% per annum.
Industry Valuation and Performance
Has the Hong Kong Life and Health Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | HK$1.3t | HK$1.1t | HK$62.1b | 8.4x | 21.2x | 1.1x |
| Fri, 22 Mar 2024 | HK$1.4t | HK$1.4t | HK$57.5b | 8x | 24.8x | 1x |
| Sun, 18 Feb 2024 | HK$1.6t | HK$1.5t | HK$35.8b | 9x | 44x | 1.1x |
| Tue, 16 Jan 2024 | HK$2.2t | HK$2.8t | HK$121.6b | 9.5x | 17.7x | 0.8x |
| Thu, 14 Dec 2023 | HK$2.2t | HK$3.1t | HK$121.3b | 8.6x | 18.1x | 0.7x |
| Sat, 11 Nov 2023 | HK$2.4t | HK$3.0t | HK$119.6b | 9.2x | 20x | 0.8x |
| Mon, 09 Oct 2023 | HK$2.6t | HK$3.1t | HK$130.4b | 10.2x | 20.1x | 0.9x |
| Wed, 06 Sep 2023 | HK$2.7t | HK$3.1t | HK$130.5b | 10.8x | 21x | 0.9x |
| Fri, 04 Aug 2023 | HK$2.9t | HK$2.8t | HK$152.8b | 10.1x | 19.1x | 1x |
| Sun, 02 Jul 2023 | HK$2.8t | HK$2.8t | HK$151.7b | 9.8x | 18.4x | 1x |
| Tue, 30 May 2023 | HK$2.9t | HK$2.9t | HK$155.3b | 9.9x | 18.6x | 1x |
| Thu, 27 Apr 2023 | HK$3.0t | HK$2.9t | HK$141.6b | 10.9x | 20.8x | 1x |
| Sat, 25 Mar 2023 | HK$2.9t | HK$2.9t | HK$147.7b | 9.6x | 19.6x | 1x |
| Mon, 20 Feb 2023 | HK$3.1t | HK$3.0t | HK$188.4b | 10x | 16.3x | 1x |
| Wed, 18 Jan 2023 | HK$3.2t | HK$3.0t | HK$190.2b | 10.3x | 17x | 1.1x |
| Fri, 16 Dec 2022 | HK$3.0t | HK$2.9t | HK$184.7b | 9x | 16.2x | 1x |
| Sun, 13 Nov 2022 | HK$2.5t | HK$2.7t | HK$176.6b | 7.5x | 14.2x | 0.9x |
| Tue, 11 Oct 2022 | HK$2.4t | HK$2.8t | HK$187.0b | 6.7x | 12.9x | 0.9x |
| Thu, 08 Sep 2022 | HK$2.6t | HK$2.8t | HK$190.9b | 7.4x | 13.6x | 0.9x |
| Sat, 06 Aug 2022 | HK$2.5t | HK$3.0t | HK$220.5b | 7.5x | 11.5x | 0.8x |
| Mon, 04 Jul 2022 | HK$2.9t | HK$3.1t | HK$221.5b | 8.8x | 13x | 0.9x |
| Wed, 01 Jun 2022 | HK$2.6t | HK$3.1t | HK$222.5b | 8.1x | 11.8x | 0.8x |
| Fri, 29 Apr 2022 | HK$2.6t | HK$3.1t | HK$232.7b | 7.5x | 11.2x | 0.8x |
| Sun, 27 Mar 2022 | HK$2.8t | HK$3.2t | HK$254.2b | 6.1x | 10.9x | 0.9x |
| Tue, 22 Feb 2022 | HK$3.2t | HK$3.4t | HK$289.8b | 7.3x | 11x | 0.9x |
| Thu, 20 Jan 2022 | HK$3.0t | HK$3.4t | HK$275.4b | 7.1x | 11x | 0.9x |
| Sat, 18 Dec 2021 | HK$3.0t | HK$3.4t | HK$275.2b | 6x | 10.7x | 0.9x |
| Mon, 15 Nov 2021 | HK$3.0t | HK$3.4t | HK$274.5b | 7.2x | 10.9x | 0.9x |
| Wed, 13 Oct 2021 | HK$3.1t | HK$3.2t | HK$295.7b | 6.5x | 10.5x | 1x |
| Fri, 10 Sep 2021 | HK$3.2t | HK$3.2t | HK$295.0b | 8.5x | 10.9x | 1x |
| Sun, 08 Aug 2021 | HK$3.2t | HK$3.2t | HK$295.0b | 8.7x | 10.7x | 1x |
| Sat, 01 May 2021 | HK$3.8t | HK$3.2t | HK$301.7b | 12.9x | 12.5x | 1.2x |
Price to Earnings Ratio
12.5x
Current Industry PE
- Investors are optimistic on the Hong Kong Life and Health Insurance industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 20.6x which is higher than its 3-year average PE of 16.5x.
- The 3-year average PS ratio of 0.97x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Life and Health Insurance industry have declined 41% per year over the last three years,
- Revenues have also declined 29% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Life and Health Insurance compare with similar industries?
| HK Market | 2.33% | |
| Financials | 4.08% | |
| Insurance | 5.07% | |
| Life and Health Insurance | 6.99% | |
| Reinsurance | 3.85% | |
| Property and Casualty Insurance | 0.058% | |
| Insurance Brokers | 0% | |
| General Insurance | -0.79% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
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$50.45 | 7.8% +HK$40.9b | -39.8% | PE19.2x | |
| 2628 China Life Insurance | HK$10.04 | 13.7% +HK$34.2b | -28.3% | PE12.4x | |
| 966 China Taiping Insurance Holdings | HK$6.83 | 9.6% +HK$2.2b | -22.1% | PE4.6x | |
| 376 Yunfeng Financial Group | HK$0.88 | 3.5% +HK$116.0m | -24.8% | PE8.6x |