Ping An Insurance (Group) Company of China Full Year 2024 Earnings: EPS Misses Expectations

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Ping An Insurance (Group) Company of China (SHSE:601318) Full Year 2024 Results

Key Financial Results

  • Revenue: CN¥963.6b (up 6.3% from FY 2023).
  • Net income: CN¥126.6b (up 48% from FY 2023).
  • Profit margin: 13% (up from 9.4% in FY 2023). The increase in margin was driven by higher revenue.
  • EPS: CN¥7.16 (up from CN¥4.84 in FY 2023).

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SHSE:601318 Earnings and Revenue Growth March 21st 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ping An Insurance (Group) Company of China EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.5%.

Looking ahead, revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Insurance industry in Asia are expected to grow by 1.1%.

Performance of the market in China.

The company's shares are up 2.6% from a week ago.

Valuation

Following the latest earnings results, Ping An Insurance (Group) Company of China may be undervalued based on 6 different valuation benchmarks we assess. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

Valuation is complex, but we're here to simplify it.

Discover if Ping An Insurance (Group) Company of China might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.