Investors Aren't Entirely Convinced By China Taiping Insurance Holdings Company Limited's (HKG:966) Earnings
Jan 27
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Hong Kong (HSI) Life and Health Insurance Industry Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies5
- 7D0.03%
- 3M-0.09%
- 1Y13.2%
- YTDn/a
The Life and Health Insurance is pretty flat in the last 7 days, but AIA Group has stood out, gaining 3.0%. As for the the longer term, the industry is up 13% over the past 12 months. Looking forward, earnings are forecast to decline by 6.2% per year.
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 |
|---|---|---|---|---|---|---|
| Sat, 22 Feb 2025 | HK$1.6t | HK$1.2t | HK$142.0b | 7.7x | 11.6x | 1.3x |
| Mon, 20 Jan 2025 | HK$1.6t | HK$1.2t | HK$141.2b | 7.2x | 11.5x | 1.3x |
| Wed, 18 Dec 2024 | HK$1.7t | HK$1.2t | HK$141.5b | 7.5x | 12x | 1.4x |
| Fri, 15 Nov 2024 | HK$1.9t | HK$1.2t | HK$142.3b | 7.7x | 13x | 1.5x |
| Sun, 13 Oct 2024 | HK$1.9t | HK$1.2t | HK$75.6b | 10.1x | 25.5x | 1.6x |
| Tue, 10 Sep 2024 | HK$1.5t | HK$1.2t | HK$75.6b | 7.5x | 20x | 1.2x |
| Thu, 08 Aug 2024 | HK$1.4t | HK$1.2t | HK$59.8b | 8.4x | 23.2x | 1.2x |
| Sat, 06 Jul 2024 | HK$1.4t | HK$1.1t | HK$59.6b | 8.7x | 23.3x | 1.2x |
| Mon, 03 Jun 2024 | HK$1.5t | HK$1.1t | HK$59.7b | 9.1x | 25.5x | 1.3x |
| Wed, 01 May 2024 | HK$1.5t | HK$1.1t | HK$59.8b | 8.3x | 24.7x | 1.3x |
| Fri, 29 Mar 2024 | HK$1.4t | HK$1.2t | HK$58.0b | 7.6x | 23.5x | 1.2x |
| Sun, 25 Feb 2024 | HK$1.6t | HK$1.5t | HK$35.8b | 8.9x | 44.5x | 1.1x |
| Tue, 23 Jan 2024 | HK$1.4t | HK$1.4t | HK$35.8b | 8.8x | 38.7x | 1x |
| Thu, 21 Dec 2023 | HK$2.2t | HK$3.1t | HK$121.8b | 9.3x | 18.3x | 0.7x |
| Sat, 18 Nov 2023 | HK$2.5t | HK$3.1t | HK$120.6b | 9x | 20.5x | 0.8x |
| Mon, 16 Oct 2023 | HK$2.7t | HK$3.0t | HK$130.2b | 10x | 20.5x | 0.9x |
| Wed, 13 Sep 2023 | HK$2.7t | HK$3.1t | HK$130.6b | 10.6x | 20.4x | 0.9x |
| Fri, 11 Aug 2023 | HK$2.9t | HK$2.8t | HK$152.3b | 9.8x | 18.7x | 1x |
| Sun, 09 Jul 2023 | HK$2.7t | HK$2.8t | HK$152.2b | 9.2x | 18.1x | 1x |
| Tue, 06 Jun 2023 | HK$2.9t | HK$2.9t | HK$154.6b | 9.9x | 19x | 1x |
| Thu, 04 May 2023 | HK$3.1t | HK$3.0t | HK$159.3b | 10.5x | 19.7x | 1.1x |
| Sat, 01 Apr 2023 | HK$2.8t | HK$2.9t | HK$142.6b | 10x | 19.8x | 1x |
| Mon, 27 Feb 2023 | HK$3.0t | HK$2.9t | HK$186.6b | 9.7x | 16.2x | 1x |
| Wed, 25 Jan 2023 | HK$3.3t | HK$3.0t | HK$190.0b | 10.8x | 17.3x | 1.1x |
| Fri, 23 Dec 2022 | HK$3.0t | HK$2.9t | HK$184.8b | 9.1x | 16.2x | 1x |
| Sun, 20 Nov 2022 | HK$2.6t | HK$2.7t | HK$176.1b | 7.9x | 14.8x | 1x |
| Tue, 18 Oct 2022 | HK$2.4t | HK$2.8t | HK$185.3b | 6.6x | 12.9x | 0.9x |
| Thu, 15 Sep 2022 | HK$2.6t | HK$2.8t | HK$191.2b | 7.5x | 13.6x | 0.9x |
| Sat, 13 Aug 2022 | HK$2.6t | HK$3.0t | HK$220.5b | 7.6x | 11.7x | 0.8x |
| Mon, 11 Jul 2022 | HK$2.9t | HK$3.1t | HK$221.8b | 8.6x | 12.9x | 0.9x |
| Wed, 08 Jun 2022 | HK$2.6t | HK$3.1t | HK$222.6b | 7.8x | 11.8x | 0.8x |
| Fri, 06 May 2022 | HK$2.6t | HK$3.1t | HK$223.8b | 8.2x | 11.7x | 0.8x |
| Sun, 03 Apr 2022 | HK$2.9t | HK$3.2t | HK$254.0b | 8.2x | 11.4x | 0.9x |
| Tue, 01 Mar 2022 | HK$3.0t | HK$3.4t | HK$290.9b | 6.7x | 10.2x | 0.9x |
Price to Earnings Ratio
10.2x
Current Industry PE
- Investors are pessimistic on the Hong Kong Life and Health 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 11.6x which is lower than its 3-year average PE of 18.8x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Life and Health Insurance industry have declined 21% 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 | 3.24% | |
| Financials | 1.78% | |
| Insurance | 0.74% | |
| Life and Health Insurance | 0.025% | |
| General Insurance | 11.43% | |
| Reinsurance | 4.55% | |
| Property and Casualty Insurance | 2.11% | |
| Insurance Brokers | 0% | 0 |
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$58.00 | 3.0% +HK$18.1b | -10.4% | PE16.5x | |
| 966 China Taiping Insurance Holdings | HK$12.20 | 2.3% +HK$1.0b | 69.2% | PE7.3x | |
| 6963 Sunshine Insurance Group | HK$2.89 | 2.1% +HK$690.1m | -26.1% | PE7.8x | |
| 376 Yunfeng Financial Group | HK$1.18 | 1.7% +HK$77.4m | 40.5% | PE9.9x |