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Hong Kong (HSI) Insurance Industry Analysis

UpdatedJul 19, 2026
DataAggregated Company Financials
Companies14
  • 7D-1.6%
  • 3M-5.8%
  • 1Y9.8%
  • YTD-13.3%

Over the last 7 days, the Insurance industry has dropped 1.6%, driven by China Life Insurance declining 6.8%. Over the past 12 months, the industry was up 9.8%. Earnings are forecast to grow by 5.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 19 Jul 2026HK$2.8tHK$2.4tHK$361.9b6.1x7.7x1.2x
Tue, 16 Jun 2026HK$2.8tHK$2.4tHK$362.1b6.7x7.8x1.2x
Thu, 14 May 2026HK$2.9tHK$2.4tHK$360.9b6.5x8.2x1.2x
Sat, 11 Apr 2026HK$3.0tHK$2.4tHK$374.7b6.6x8x1.3x
Mon, 09 Mar 2026HK$3.2tHK$2.3tHK$374.6b8.9x8.4x1.4x
Wed, 04 Feb 2026HK$3.4tHK$2.3tHK$372.5b9.6x9.1x1.5x
Fri, 02 Jan 2026HK$3.2tHK$2.3tHK$368.6b8.4x8.6x1.4x
Sun, 30 Nov 2025HK$3.1tHK$2.3tHK$365.2b8.5x8.5x1.4x
Tue, 28 Oct 2025HK$3.1tHK$2.2tHK$289.4b9x10.6x1.4x
Thu, 25 Sep 2025HK$2.8tHK$2.2tHK$288.6b8x9.6x1.3x
Sat, 23 Aug 2025HK$3.0tHK$2.1tHK$285.4b11.7x10.6x1.4x
Mon, 21 Jul 2025HK$2.8tHK$2.1tHK$291.9b9.8x9.5x1.3x
Wed, 18 Jun 2025HK$2.7tHK$2.1tHK$291.6b8.2x9.2x1.3x
Fri, 16 May 2025HK$2.6tHK$2.1tHK$287.0b8.1x8.9x1.2x
Sun, 13 Apr 2025HK$2.1tHK$2.0tHK$273.2b7.2x7.8x1.1x
Tue, 11 Mar 2025HK$2.4tHK$2.5tHK$221.7b8.3x10.7x0.9x
Thu, 06 Feb 2025HK$2.3tHK$2.5tHK$221.8b7.3x10.3x0.9x
Sat, 04 Jan 2025HK$2.3tHK$2.5tHK$220.6b7.2x10.3x0.9x
Mon, 02 Dec 2024HK$2.4tHK$2.5tHK$222.5b7.5x10.7x0.9x
Wed, 30 Oct 2024HK$2.5tHK$2.5tHK$142.4b9x17.9x1x
Fri, 27 Sep 2024HK$2.4tHK$2.5tHK$144.3b7.8x16.5x1x
Sun, 25 Aug 2024HK$2.0tHK$2.4tHK$127.7b8.3x15.7x0.8x
Tue, 23 Jul 2024HK$1.9tHK$2.4tHK$117.8b8.1x16.5x0.8x
Thu, 20 Jun 2024HK$2.0tHK$2.4tHK$117.9b8.4x16.7x0.8x
Sat, 18 May 2024HK$2.2tHK$2.4tHK$118.2b8.8x18.3x0.9x
Mon, 15 Apr 2024HK$1.7tHK$2.4tHK$124.4b8x14x0.7x
Wed, 13 Mar 2024HK$2.1tHK$2.9tHK$92.7b7.2x22.3x0.7x
Fri, 09 Feb 2024HK$2.0tHK$2.9tHK$93.3b7.1x21.7x0.7x
Sun, 07 Jan 2024HK$2.7tHK$4.5tHK$178.9b7.2x14.9x0.6x
Tue, 05 Dec 2023HK$2.8tHK$4.5tHK$179.1b7.3x15.5x0.6x
Thu, 02 Nov 2023HK$3.0tHK$4.4tHK$180.9b7.7x16.3x0.7x
Sat, 30 Sep 2023HK$3.1tHK$4.4tHK$192.2b8.3x16.3x0.7x
Mon, 28 Aug 2023HK$3.1tHK$4.4tHK$207.8b8x14.9x0.7x
Wed, 26 Jul 2023HK$3.3tHK$4.2tHK$210.7b9x15.7x0.8x
Price to Earnings Ratio

15.7x


Total Market Cap: HK$3.3tTotal Earnings: HK$210.7bTotal Revenue: HK$4.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Insurance Industry Price to Earnings3Y Average 12.5x202420252026
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 12.5x.
  • The 3-year average PS ratio of 1.0x 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 20% per year over the last three years.
  • Meanwhile revenues for these companies have declined 17% 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 Market0.25%
Financials1.50%
Insurance-1.60%
General Insurance1.36%
Property and Casualty Insurance1.03%
Reinsurance0.87%
Insurance Brokers0%0
Life and Health Insurance-2.49%
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 13.5%, 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 below its 3-year average of 4.9x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 14% 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 5.8% 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$75.554.0%
+HK$29.9b		9.8%PE16x
1339 People's Insurance Company (Group) of ChinaHK$5.052.0%
+HK$4.4b		-11.2%PE4.6x
966 China Taiping Insurance HoldingsHK$19.052.5%
+HK$1.7b		17.4%PE2.6x
1508 China Reinsurance (Group)HK$1.160.9%
+HK$424.8m		-13.4%PE4.4x
1828 FWD Group HoldingsHK$29.321.1%
+HK$409.5m		-23.2%PE28.8x

Latest News

966
HK$19.05
China Taiping Insurance Holdings
7D
2.5%
1Y
17.4%
1508
HK$1.16
China Reinsurance (Group)
7D
0.9%
1Y
-13.4%
Narrative Update • Jul 16

1508: Dividend Payout And Governance Refresh Will Support A Firmer Outlook

Analysts have adjusted their price target for China Reinsurance (Group) to HK$1.67 from HK$1.59, reflecting updated views on fair value, discount rate assumptions and the stock's future P/E multiple. What’s in the News for China Reinsurance (Group) Shareholders of China Reinsurance (Group) approved a final cash dividend of RMB 0.0691 per share, equivalent to HK$0.079455 per share, for the financial year ended December 31, 2025, at the shareholders’ meeting held on June 26, 2026.
1828
HK$29.32
FWD Group Holdings
7D
1.1%
1Y
-23.2%
2628
HK$26.48
China Life Insurance
7D
-6.8%
1Y
34.7%
1471
HK$9.68
Zhongmiao Holdings (Qingdao)
7D
3.0%
1Y
-34.1%
6060
HK$10.14
ZhongAn Online P & C Insurance
7D
1.7%
1Y
-48.2%
Narrative Update • Jul 08

6060: Auditor Rotation And Earnings Outlook Will Support Future Upside

The analyst price target for ZhongAn Online P & C Insurance has been revised from HK$26.87 to HK$24.46 as analysts factor in updated assumptions around fair value, discount rates, revenue growth, profit margins and future P/E levels. What’s in the News for ZhongAn Online P & C Insurance At the annual general meeting held on June 23, 2026, ZhongAn Online P & C Insurance shareholders approved the appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the PRC auditor for the 2026 audit and review services, to serve until the next annual general meeting.
1339
HK$5.05
People's Insurance Company (Group) of China
7D
2.0%
1Y
-11.2%
Narrative Update • Jul 06

1339: Higher Margins And Earnings Multiple Reset Will Support Future Re Rating

Analysts have trimmed their price target on People's Insurance Company (Group) of China to HK$8.92 from HK$9.87, reflecting a slightly higher discount rate, more moderate revenue growth assumptions, an improved profit margin outlook, and a lower future P/E multiple. What's in the News People's Insurance Company (Group) of China has scheduled a board meeting for April 29, 2026, to review and approve the unaudited first quarterly results for the period ended March 31, 2026.
2672
HK$61.30
Baige Online Digital Technology
7D
-0.08%
1Y
n/a
222
HK$3.16
Min Xin Holdings
7D
-3.1%
1Y
27.9%
376
HK$1.50
Yunfeng Financial Group
7D
-8.0%
1Y
-65.7%
1299
HK$75.55
AIA Group
7D
4.0%
1Y
9.8%
Narrative Update • Jun 22

1299: Dividend Lift And New Bylaws Will Support Stronger Future Returns

Analysts have inched their consolidated price target for AIA Group lower to about HK$104.36 from around HK$104.43, reflecting slightly updated assumptions on long term revenue growth, profit margins, discount rate and future P/E multiples. What's in the News AIA Group approved the adoption of new articles of association at its Annual General Meeting held on 22 May 2026, formalizing updated company bylaws.
6963
HK$3.43
Sunshine Insurance Group
7D
-2.6%
1Y
-6.3%
2621
HK$3.07
Shouhui Group
7D
-4.7%
1Y
-36.7%