China Taiping Insurance Holdings Co Ltd (HK:0966)
:0966
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China Taiping Insurance Holdings Co
(0966)
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Rating:70Outperform
Price Target:
HK$27.00
â–²(21.62% Upside)
Action:Reiterated
Date:03/27/26
The score is driven mainly by strong 2025 financial performance and cash generation, supported by a very low P/E valuation. These positives are tempered by increased balance-sheet leverage and weak near-term technical momentum (negative MACD and price below key moving averages).
Positive Factors
Cash generation
Very strong free cash flow that closely tracks reported earnings indicates high earnings quality and durable internal funding. Over a multi-quarter horizon this supports capital for claims, reinvestment, dividends, or capital buffers, reducing reliance on external financing and improving operational resilience.
Negative Factors
Rising leverage
A meaningful rise in leverage materially increases balance-sheet risk and reduces financial flexibility if earnings weaken. Higher debt-to-equity elevates sensitivity to interest costs and regulatory capital constraints, making the insurer more vulnerable to reserve shocks or adverse market moves over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Very strong free cash flow that closely tracks reported earnings indicates high earnings quality and durable internal funding. Over a multi-quarter horizon this supports capital for claims, reinvestment, dividends, or capital buffers, reducing reliance on external financing and improving operational resilience.
Read all positive factors
China Taiping Insurance Holdings Co (0966) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$78.21B
Dividend Yield1.81%
Average Volume (3M)10.79M
Price to Earnings (P/E)0.8
Beta (1Y)1.40
Revenue Growth11.51%
EPS Growth250.65%
CountryHK
Employees62,266
SectorFinancial
Sector Strength70
IndustryInsurance - Life
Share Statistics
EPS (TTM)7.25
Shares Outstanding3,594,018,600
10 Day Avg. Volume11,963,404
30 Day Avg. Volume10,794,639
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.71
Price to Sales (P/S)0.38
P/FCF Ratio0.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$28.60Price Target Upside28.82% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)4.1
Revenue Forecast (FY)HK$116.75B
China Taiping Insurance Holdings Co Business Overview & Revenue Model
Company Description
China Taiping Insurance Holdings Company Limited, an investment holding company, underwrites various insurance and reinsurance products in the People's Republic of China and internationally. The company operates through three business segments: Li...
How the Company Makes Money
China Taiping Insurance Holdings Co. makes money primarily through its insurance operations and the investment of insurance funds. Key revenue and earnings drivers typically include: (1) Underwriting and policy-related income: The group earns prem...
China Taiping Insurance Holdings Co Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
56
Neutral
Cash Flow
80
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 178.68B | 121.00B | 106.12B | 158.81B | 318.98B |
| Gross Profit | 178.68B | 121.00B | 123.32B | 104.86B | 316.11B |
| EBITDA | 40.54B | 26.91B | 19.85B | 12.65B | 16.45B |
| Net Income | 27.06B | 8.43B | 5.37B | 4.30B | 7.51B |
Balance Sheet | |||||
| Total Assets | 1.99T | 1.73T | 1.51T | 1.41T | 1.38T |
| Cash, Cash Equivalents and Short-Term Investments | 62.01B | 44.39B | 42.55B | 308.46B | 293.80B |
| Total Debt | 201.66B | 82.12B | 101.43B | 117.05B | 95.17B |
| Total Liabilities | 1.84T | 1.61T | 1.38T | 1.31T | 1.27T |
| Stockholders Equity | 95.15B | 87.07B | 78.99B | 75.51B | 88.07B |
Cash Flow | |||||
| Free Cash Flow | 151.32B | 116.24B | 127.67B | 88.72B | 94.48B |
| Operating Cash Flow | 156.75B | 125.95B | 134.60B | 95.02B | 98.63B |
| Investing Cash Flow | -149.61B | -95.63B | -130.95B | -80.30B | -99.62B |
| Financing Cash Flow | 1.65B | -27.91B | 19.79B | -9.76B | 9.06B |
China Taiping Insurance Holdings Co Technical Analysis
Positive
22.20
Price Trends
22.71
Negative
21.34
Positive
19.06
Positive
Market Momentum
0.05
Negative
52.16
Neutral
58.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0966, the sentiment is Positive. The current price of 22.2 is above the 20-day moving average (MA) of 21.57, below the 50-day MA of 22.71, and above the 200-day MA of 19.06, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 52.16 is Neutral, neither overbought nor oversold. The STOCH value of 58.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0966.
China Taiping Insurance Holdings Co Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$1.07T | 7.84 | 31.07% | 3.42% | 36.40% | 44.74% | |
77 Outperform | HK$198.61B | 4.89 | 35.23% | 5.24% | 39.01% | 38.60% | |
70 Outperform | HK$78.21B | 0.83 | 29.19% | 1.81% | 11.51% | 250.65% | |
69 Neutral | HK$364.19B | 6.78 | 18.16% | 3.28% | 10.54% | 27.66% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | HK$915.68B | 7.26 | 15.16% | 2.16% | 9.97% | -4.43% | |
64 Neutral | HK$1.14T | 9.14 | 13.93% | 4.25% | >-0.01% | 6.63% |
* Financial Sector Average
HK:0966
China Taiping Insurance Holdings Co
21.76
10.17
87.67%
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China Taiping Insurance Holdings Co Corporate Events
China Taiping discloses unaudited Q1 2026 figures and solvency data for key PRC insurance units
Apr 29, 2026
China Taiping Insurance Holdings has disclosed unaudited first-quarter 2026 financial figures and solvency information for several mainland Chinese insurance subsidiaries, including Taiping Life, Taiping General and Taiping Reinsurance (China), in...
China Taiping posts strong Q1 2026 solvency metrics for key mainland units
Apr 29, 2026
China Taiping Insurance Holdings has disclosed first‑quarter 2026 solvency information for several key mainland subsidiaries, as required under China’s C‑ROSS II framework and supervised by the National Financial Regulatory Admin...
China Taiping Announces Retirement of Non-Executive Director Hu Xingguo
Apr 24, 2026
China Taiping Insurance Holdings has announced that non-executive director Hu Xingguo will step down from the board, as well as from the audit committee and the strategy and investment committee, with effect from 24 April 2026 upon reaching the co...
China Taiping Clarifies Board Line-Up and Committee Roles
Apr 24, 2026
China Taiping Insurance Holdings Company Limited has announced the current composition of its board of directors, detailing the roles of its executive, non-executive, and independent non-executive directors. The board is chaired by Mr. Yin Zhaojun...
China Taiping caps five-year plan with record profits and expanded strategic footprint
Mar 25, 2026
China Taiping reported that 2025 marked the successful close of its current five-year strategic plan, with business and financial indicators reaching their strongest levels in recent years. Total assets rose above HK$1.9 trillion and net assets cl...
China Taiping Insurance Sets HKD 1.23 Final Dividend for 2025
Mar 25, 2026
China Taiping Insurance Holdings Company Limited has declared a final ordinary cash dividend of HKD 1.23 per share for the financial year ended 31 December 2025, payable in Hong Kong dollars. The dividend remains subject to shareholder approval, w...
China Taiping Sets March 25 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 9, 2026
China Taiping Insurance Holdings Company Limited has scheduled a board meeting for 25 March 2026 to review and approve its annual results for the financial year ended 31 December 2025. The board will also consider the declaration of a final divide...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.