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Hong Kong (HSI) Insurance Industry Analysis

UpdatedMay 23, 2025
DataAggregated Company Financials
Companies12
  • 7D-1.5%
  • 3M9.9%
  • 1Y29.1%
  • YTD19.2%

Over the last 7 days, the Insurance industry has dropped 1.5%, driven by AIA Group declining 1.7%. This takes the industry's 12 month performance to a gain of 29%. In the next few years, earnings are forecast to decline by 2.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 May 2025HK$2.5tHK$2.1tHK$287.7b8x8.8x1.2x
Mon, 21 Apr 2025HK$2.2tHK$2.0tHK$272.9b7.4x8.2x1.1x
Wed, 19 Mar 2025HK$2.5tHK$2.5tHK$238.1b8.8x10.4x1x
Fri, 14 Feb 2025HK$2.3tHK$2.5tHK$221.4b7.5x10.4x0.9x
Sun, 12 Jan 2025HK$2.2tHK$2.5tHK$220.4b7x9.8x0.9x
Tue, 10 Dec 2024HK$2.5tHK$2.5tHK$221.7b8x11.2x1x
Thu, 07 Nov 2024HK$2.6tHK$2.5tHK$223.9b8.7x11.4x1x
Sat, 05 Oct 2024HK$2.8tHK$2.5tHK$143.5b9.2x19.3x1.1x
Mon, 02 Sep 2024HK$2.1tHK$2.4tHK$158.4b7.6x13x0.9x
Wed, 31 Jul 2024HK$1.9tHK$2.4tHK$118.1b8.3x16.3x0.8x
Fri, 28 Jun 2024HK$1.9tHK$2.4tHK$117.8b8.2x16.2x0.8x
Sun, 26 May 2024HK$2.1tHK$2.4tHK$118.2b8.6x17.4x0.9x
Tue, 23 Apr 2024HK$1.8tHK$2.4tHK$123.8b8.1x14.4x0.8x
Thu, 21 Mar 2024HK$1.9tHK$2.9tHK$114.1b7x16.8x0.7x
Sat, 17 Feb 2024HK$2.1tHK$2.9tHK$93.3b7x22x0.7x
Mon, 15 Jan 2024HK$2.6tHK$4.2tHK$178.5b7.2x14.6x0.6x
Wed, 13 Dec 2023HK$2.7tHK$4.5tHK$178.1b7.1x15.1x0.6x
Fri, 10 Nov 2023HK$2.9tHK$4.4tHK$181.3b7.7x16.2x0.7x
Sun, 08 Oct 2023HK$3.2tHK$4.4tHK$192.1b8.2x16.4x0.7x
Tue, 05 Sep 2023HK$3.4tHK$4.5tHK$192.9b8.6x17.4x0.8x
Thu, 03 Aug 2023HK$3.4tHK$4.2tHK$209.4b9.6x16.2x0.8x
Sat, 01 Jul 2023HK$3.3tHK$4.2tHK$207.8b9.7x15.8x0.8x
Mon, 29 May 2023HK$3.4tHK$4.3tHK$213.7b9.6x16.1x0.8x
Wed, 26 Apr 2023HK$3.5tHK$4.3tHK$198.9b10.4x17.6x0.8x
Fri, 24 Mar 2023HK$3.4tHK$4.3tHK$209.3b6.7x16.2x0.8x
Sun, 19 Feb 2023HK$3.5tHK$4.4tHK$249.7b7.5x14.1x0.8x
Tue, 17 Jan 2023HK$3.8tHK$4.4tHK$253.1b8.1x15x0.9x
Thu, 15 Dec 2022HK$3.5tHK$4.3tHK$245.0b7.8x14.1x0.8x
Sat, 12 Nov 2022HK$2.9tHK$4.1tHK$233.2b6.3x12.6x0.7x
Mon, 10 Oct 2022HK$2.9tHK$4.1tHK$244.3b6.3x11.9x0.7x
Wed, 07 Sep 2022HK$3.1tHK$4.2tHK$249.7b6.9x12.3x0.7x
Fri, 05 Aug 2022HK$3.0tHK$4.4tHK$279.0b6.6x10.6x0.7x
Sun, 03 Jul 2022HK$3.4tHK$4.4tHK$280.7b6.9x12x0.8x
Tue, 31 May 2022HK$3.1tHK$4.5tHK$280.8b6.6x10.9x0.7x
Price to Earnings Ratio

10.9x


Total Market Cap: HK$3.1tTotal Earnings: HK$280.8bTotal Revenue: HK$4.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Insurance Industry Price to Earnings3Y Average 14.5x202320242025
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 8.8x which is lower than its 3-year average PE of 14.5x.
  • The 3-year average PS ratio of 0.82x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 23% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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

HK Market1.43%
Financials-0.0084%
Insurance-1.51%
Insurance Brokers0%0
Reinsurance0%0
Property and Casualty Insurance-0.40%
Life and Health Insurance-1.96%
General Insurance-3.99%
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 14.9%, which is higher than its past year's earnings growth of 0.7% 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 General Insurance industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings growth rate of 0.7% per year.
  • In contrast, the Life and Health Insurance industry is expected to see its earnings decline by 4.9% 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
1339 People's Insurance Company (Group) of ChinaHK$5.250.8%
+HK$1.8b
87.5%PE4.6x
2628 China Life InsuranceHK$15.760.4%
+HK$1.7b
33.8%PE3.6x
966 China Taiping Insurance HoldingsHK$11.961.0%
+HK$431.3m
37.8%PE5.8x
1508 China Reinsurance (Group)HK$0.981.0%
+HK$424.8m
66.1%PE4.6x
6060 ZhongAn Online P & C InsuranceHK$12.440.5%
+HK$88.2m
-9.5%PE27.8x
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Latest News

1299

HK$64.85

AIA Group

7D

-1.7%

1Y

7.3%

6060

HK$12.44

ZhongAn Online P & C Insurance

7D

0.5%

1Y

-9.5%

1471

HK$14.06

Zhongmiao Holdings (Qingdao)

7D

-11.6%

1Y

n/a

1508

HK$0.98

China Reinsurance (Group)

7D

1.0%

1Y

66.1%

1339

HK$5.25

People's Insurance Company (Group) of China

7D

0.8%

1Y

87.5%

2628

HK$15.76

China Life Insurance

7D

0.4%

1Y

33.8%

6963

HK$3.27

Sunshine Insurance Group

7D

-2.1%

1Y

26.3%

662

HK$3.99

Asia Financial Holdings

7D

-0.3%

1Y

9.3%

2328

HK$14.98

PICC Property and Casualty

7D

-0.3%

1Y

45.7%

222

HK$1.76

Min Xin Holdings

7D

-9.3%

1Y

-34.1%