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$23.00
â–²(8.90% Upside)
Action:ReiteratedDate: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
Very strong free cash flow generation
Consistent, large free cash flow relative to earnings provides a durable source to fund underwriting capacity, pay claims, invest premiums, support dividends and buybacks, and shore up reserves. This boosts strategic flexibility and reduces reliance on external funding over the medium term.
Negative Factors
Significantly higher financial leverage
A sharp increase in leverage materially raises solvency and liquidity risk for an insurer, reducing balance-sheet flexibility to withstand underwriting losses or investment shocks. Higher debt amplifies earnings sensitivity to rate moves and limits capacity for opportunistic investments or capital returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Very strong free cash flow generation
Consistent, large free cash flow relative to earnings provides a durable source to fund underwriting capacity, pay claims, invest premiums, support dividends and buybacks, and shore up reserves. This boosts strategic flexibility and reduces reliance on external funding over the medium term.
Read all positive factors
China Taiping Insurance Holdings Co (0966) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$75.91B
Dividend Yield1.81%
Average Volume (3M)10.79M
Price to Earnings (P/E)2.5
Beta (1Y)1.36
Revenue Growth23.64%
EPS Growth36.32%
CountryHK
Employees62,266
SectorFinancial
Sector Strength70
IndustryInsurance - Life
Share Statistics
EPS (TTM)5.42
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$28.76Price Target Upside36.17% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)3.98
Revenue Forecast (FY)HK$119.80B
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
21.12
Price Trends
23.04
Negative
21.08
Positive
18.69
Positive
Market Momentum
-0.58
Positive
46.53
Neutral
27.94
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 21.12 is below the 20-day moving average (MA) of 21.34, below the 50-day MA of 23.04, and above the 200-day MA of 18.69, indicating a neutral trend. The MACD of -0.58 indicates Positive momentum. The RSI at 46.53 is Neutral, neither overbought nor oversold. The STOCH value of 27.94 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$1.05T | 4.51 | 31.07% | 3.42% | 17.69% | 126.41% | |
71 Outperform | HK$390.79B | 9.89 | 18.91% | 3.28% | 15.08% | 23.13% | |
70 Outperform | HK$75.91B | 2.48 | 29.19% | 1.81% | 23.64% | 36.32% | |
70 Outperform | HK$905.29B | 17.34 | 15.16% | 2.16% | 5.65% | 30.47% | |
70 Outperform | HK$191.24B | 4.31 | 38.67% | 5.24% | 49.90% | 203.77% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | HK$1.14T | 8.07 | 14.77% | 4.25% | 10.20% | 19.74% |
* Financial Sector Average
HK:0966
China Taiping Insurance Holdings Co
21.12
9.27
78.24%
HK:2318
Ping An Insurance Company of China
60.20
15.79
35.56%
HK:1299
AIA Group
86.15
28.10
48.40%
HK:2601
China Pacific Insurance (Group) Co
33.16
13.66
70.09%
HK:2628
China Life Insurance Co
25.00
10.38
70.94%
HK:1336
New China Life Insurance Co., Ltd. Class H
45.88
17.19
59.89%
China Taiping Insurance Holdings Co Corporate Events
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...
China Taiping forecasts more than tripling of 2025 profit on stronger investments and tax gain
Jan 19, 2026
China Taiping Insurance Holdings has told shareholders and investors that it expects profit attributable to owners for the year ending 31 December 2025 to surge by about 215% to 225% from the HK$8.43 billion reported for 2024. Management attribute...
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.