Ping An Insurance (Group) Co. of China Ltd Class H 02318

Stock XHKG Rating as of Oct 2, 2026

HK$52.00 −0.75 (1.42%)

As of Oct 2, 2026, 8:08:08 AM Delayed Price Closed

Company Report

Ping An's Strong Bancassurance Sales Continued in 2026

Iris Tan May 4, 2026

In China's competitive insurance market, Ping An stands out for its proprietary technology that enhances the customer experience and supports cross-selling across its four core ecosystems: integrated finance, automotive, healthcare, and eldercare. We expect this technological edge to lead to stronger underwriting profitability and above-peer long-term growth.

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Price vs Fair Value

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02318 is trading at a LOCK|!Q?cYz premium.

Price

HK$52.00

Oct 2, 2026

Fair Value

May 4, 2026

Uncertainty

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1-Star Price: LOCK|C.#!
5-Star Price: jJ
Economic Moat: LOCK|dx
Capital Allocation: LOCK|V#<<sjX

Bulls Say, Bears Say

Bulls

The regulatory cut to bancassurance commission rate has benefited large insurers such as Ping An, with about 75% of bancassurance sales being generated from its banking subsidiary and a strong product pipeline.

Bears

Frequent top management turnover poses more temporary headwinds to its ongoing business restructuring.

News

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Trading Information

Previous Close Price: HK$52.75
Day Range: HK$51.45–52.45
52-Week Range: HK$50.00–74.15
Bid/Ask: HK$51.95 / HK$52.00
Shares Outstanding: 18.11B
Market Cap: HK$941.60B
Volume/Avg: 24M / 32M

Key Statistics

Price/Earnings (Normalized): 5.60
Price/Sales: 0.89
Dividend Yield (Trailing): 6.05%
Dividend Yield (Forward): 6.05%
Dividend Payment Schedule: Jul, Oct
Total Yield: 6.05%

Company Profile

Ping An Insurance was founded in 1988 and headquartered in Shenzhen. As an integrated financial service provider, the company offers healthcare services and integrated financial products. Ping An is China's second-largest life and P&C insurer. The company strives for an integrated financial services platform comprising life insurance, P&C insurance, banking, and other financial services. These business segments contributed 66%, 10%, 28%, and 1% of the company’s pretax profits, respectively, in 2025.

Sector: Financial Services
Industry: Insurance - Life
Stock Style Box: Large Value
Total Number of Employees: 258,806
Website: https://www.pingan.cn

Competitors

Valuation

Metric	02318	601628	01299
Price/Earnings (Normalized)	5.60	4.19	11.94
Price/Book Value	0.81	1.56	2.35
Price/Sales	0.89	1.30	2.04
Price/Cash Flow	1.30	2.35	—

Price/Earnings

02318

601628

01299

Financial Strength

Metric	02318	601628	01299
Quick Ratio	—	—	—
Current Ratio	—	—	—
Interest Coverage	4.89	—	15.25

Quick Ratio

No chart available

Profitability

Metric	02318	601628	01299
Return on Assets (Normalized)	1.33%	3.32%	2.35%
Return on Equity (Normalized)	18.71%	42.76%	19.29%
Return on Invested Capital (Normalized)	1.17%	28.25%	13.90%

Return on Assets