AIA Group (HKG:1299) Has Announced That It Will Be Increasing Its Dividend To $1.19
May 04
Hong Kong (HSI) Life and Health Insurance Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies5
- 7D7.2%
- 3M14.9%
- 1Y-14.7%
- YTDn/a
In the last week, the Life and Health Insurance industry is up 4.9%, with all of the companies up. In contrast, the industry has lost 20% in the last 12 months. Earnings are forecast to grow by 20% annually.
Industry Valuation and Performance
Has the Hong Kong Life and Health Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | HK$1.6t | HK$1.1t | HK$59.7b | 9.1x | 27.4x | 1.4x |
| Tue, 16 Apr 2024 | HK$1.3t | HK$1.1t | HK$62.1b | 7.9x | 20.5x | 1.1x |
| Thu, 14 Mar 2024 | HK$1.5t | HK$1.5t | HK$35.8b | 8.6x | 42.6x | 1.1x |
| Sat, 10 Feb 2024 | HK$1.6t | HK$1.4t | HK$35.8b | 8.9x | 43.4x | 1.1x |
| Mon, 08 Jan 2024 | HK$2.2t | HK$3.1t | HK$121.9b | 9.3x | 18x | 0.7x |
| Wed, 06 Dec 2023 | HK$2.2t | HK$3.1t | HK$122.0b | 8.6x | 18.4x | 0.7x |
| Fri, 03 Nov 2023 | HK$2.5t | HK$3.0t | HK$119.4b | 9.1x | 20.7x | 0.8x |
| Sun, 01 Oct 2023 | HK$2.6t | HK$3.1t | HK$130.4b | 10.3x | 19.9x | 0.9x |
| Tue, 29 Aug 2023 | HK$2.6t | HK$3.1t | HK$144.6b | 8.7x | 18.2x | 0.9x |
| Thu, 27 Jul 2023 | HK$2.8t | HK$2.9t | HK$153.2b | 9.2x | 18.2x | 1x |
| Sat, 24 Jun 2023 | HK$2.8t | HK$2.9t | HK$153.1b | 9.6x | 18.3x | 1x |
| Mon, 22 May 2023 | HK$3.1t | HK$2.9t | HK$156.4b | 10.7x | 19.7x | 1.1x |
| Wed, 19 Apr 2023 | HK$3.0t | HK$2.9t | HK$142.6b | 10.9x | 21.2x | 1.1x |
| Fri, 17 Mar 2023 | HK$2.9t | HK$2.9t | HK$147.3b | 9.5x | 19.4x | 1x |
| Sun, 12 Feb 2023 | HK$3.1t | HK$3.0t | HK$189.9b | 9.9x | 16.5x | 1x |
| Tue, 10 Jan 2023 | HK$3.3t | HK$3.0t | HK$189.5b | 10.2x | 17.2x | 1.1x |
| Thu, 08 Dec 2022 | HK$2.9t | HK$2.8t | HK$177.6b | 8.9x | 16.3x | 1x |
| Sat, 05 Nov 2022 | HK$2.3t | HK$2.7t | HK$173.1b | 6.9x | 13.2x | 0.8x |
| Mon, 03 Oct 2022 | HK$2.4t | HK$2.8t | HK$187.0b | 6.7x | 12.8x | 0.9x |
| Wed, 31 Aug 2022 | HK$2.6t | HK$2.8t | HK$191.5b | 7.5x | 13.5x | 0.9x |
| Fri, 29 Jul 2022 | HK$2.6t | HK$3.0t | HK$220.2b | 7.9x | 12x | 0.9x |
| Sun, 26 Jun 2022 | HK$2.9t | HK$3.1t | HK$221.9b | 8.7x | 12.9x | 0.9x |
| Tue, 24 May 2022 | HK$2.6t | HK$3.1t | HK$221.8b | 7.7x | 11.6x | 0.8x |
| Thu, 21 Apr 2022 | HK$2.7t | HK$3.2t | HK$253.4b | 7.8x | 10.8x | 0.9x |
| Sat, 19 Mar 2022 | HK$2.8t | HK$3.3t | HK$256.4b | 5.8x | 11.1x | 0.9x |
| Mon, 14 Feb 2022 | HK$3.3t | HK$3.4t | HK$288.7b | 7.5x | 11.3x | 1x |
| Wed, 12 Jan 2022 | HK$3.0t | HK$3.4t | HK$274.7b | 6x | 10.9x | 0.9x |
| Fri, 10 Dec 2021 | HK$3.0t | HK$3.4t | HK$275.8b | 6.5x | 11x | 0.9x |
| Sun, 07 Nov 2021 | HK$3.0t | HK$3.4t | HK$273.6b | 6.6x | 10.9x | 0.9x |
| Tue, 05 Oct 2021 | HK$3.0t | HK$3.2t | HK$296.2b | 5.8x | 10x | 0.9x |
| Thu, 02 Sep 2021 | HK$3.2t | HK$3.2t | HK$295.0b | 9.1x | 10.7x | 1x |
| Sat, 31 Jul 2021 | HK$3.2t | HK$3.2t | HK$295.0b | 9.3x | 10.8x | 1x |
Price to Earnings Ratio
12.8x
Current Industry PE
- Investors are optimistic on the Hong Kong Life and Health Insurance industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 26.3x which is higher than its 3-year average PE of 16.8x.
- The 3-year average PS ratio of 0.97x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Life and Health Insurance industry have declined 42% per year over the last three years,
- Revenues have also declined 29% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Life and Health Insurance compare with similar industries?
| HK Market | 2.56% | |
| Financials | 3.78% | |
| Insurance | 6.40% | |
| Life and Health Insurance | 7.19% | |
| General Insurance | 4.19% | |
| Property and Casualty Insurance | 4.03% | |
| Reinsurance | 3.28% | |
| Insurance Brokers | 0% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2628 China Life Insurance | HK$13.00 | 12.5% +HK$40.7b | -11.7% | PE17.9x | |
| 1299 AIA Group | HK$65.30 | 1.7% +HK$12.3b | -17.2% | PE24.9x | |
| 966 China Taiping Insurance Holdings | HK$9.30 | 15.4% +HK$4.5b | 2.8% | PE6.2x | |
| 6963 Sunshine Insurance Group | HK$2.66 | 0.4% +HK$115.0m | -38.0% | PE7.6x | |
| 376 Yunfeng Financial Group | HK$0.93 | 1.1% +HK$38.7m | -22.5% | PE9.1x |