Ping An Insurance (Group) Company of China Third Quarter 2023 Earnings: EPS: CN¥1.00 (vs CN¥1.27 in 3Q 2022)

Ping An Insurance (Group) Company of China (HKG:2318) Third Quarter 2023 Results

Key Financial Results

• Revenue: CN¥225.6b (flat on 3Q 2022).
• Net income: CN¥17.7b (down 20% from 3Q 2022).
• Profit margin: 7.9% (down from 9.7% in 3Q 2022).
• EPS: CN¥1.00 (down from CN¥1.27 in 3Q 2022).

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

Ping An Insurance (Group) Company of China Earnings Insights

Looking ahead, revenue is expected to fall by 7.4% p.a. on average during the next 3 years compared to a 1.5% decline forecast for the Insurance industry in Hong Kong.

Performance of the Hong Kong Insurance industry.

The company's shares are down 2.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Ping An Insurance (Group) Company of China has 2 warning signs we think you should be aware of.

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