Sunshine Insurance Group Full Year 2024 Earnings: Beats Expectations

Simply Wall St

March 28, 2025

Sunshine Insurance Group (HKG:6963) Full Year 2024 Results

Key Financial Results

Revenue: CN¥80.3b (up 12% from FY 2023).
Net income: CN¥5.45b (up 46% from FY 2023).
Profit margin: 6.8% (up from 5.2% in FY 2023). The increase in margin was driven by higher revenue.
EPS: CN¥0.47 (up from CN¥0.33 in FY 2023).

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earnings-and-revenue-growth — SEHK:6963 Earnings and Revenue Growth March 28th 2025

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

Sunshine Insurance Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Insurance industry in Hong Kong.

Performance of the Hong Kong Insurance industry.

The company's shares are up 5.4% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Sunshine Insurance Group's balance sheet.

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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.