People's Insurance Co (Group) of China Ltd Class H (HK:1339)
:1339
Top Page
People's Insurance Co (Group) of China
(1339)
Select Model
Select Model
Rating:68Neutral
Price Target:
HK$6.00
▼(-6.10% Downside)
Action:ReiteratedDate:03/28/26
The score is supported by improving profitability and strong cash generation, plus an attractive valuation (low P/E and solid dividend yield). These positives are tempered by elevated balance-sheet risk from the sharp 2025 leverage increase and weak technicals with the stock trading below key moving averages amid bearish momentum.
Positive Factors
Strong cash generation
Consistent FCF near parity with net income and a large 2025 uplift provide durable internal funding for claims, reinvestment and dividends. High cash conversion reduces reliance on external funding, supports capital resiliency through underwriting cycles, and enables strategic investments.
Negative Factors
Rising leverage
A sudden jump in debt-to-equity materially increases balance-sheet risk for an insurer, tightening regulatory and capital flexibility. Higher leverage raises funding costs and reduces the buffer against large-loss events, potentially forcing capital raises or conservative underwriting if stress persists.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent FCF near parity with net income and a large 2025 uplift provide durable internal funding for claims, reinvestment and dividends. High cash conversion reduces reliance on external funding, supports capital resiliency through underwriting cycles, and enables strategic investments.
Read all positive factors
People's Insurance Co (Group) of China (1339) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$343.67B
Dividend Yield3.05%
Average Volume (3M)42.92M
Price to Earnings (P/E)6.0
Beta (1Y)0.95
Revenue Growth9.40%
EPS Growth79.93%
CountryHK
Employees175,121
SectorFinancial
Sector Strength70
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)0.59
Shares Outstanding8,726,234,000
10 Day Avg. Volume45,486,751
30 Day Avg. Volume42,921,017
Financial Highlights & Ratios
PEG Ratio0.44
Price to Book (P/B)0.87
Price to Sales (P/S)0.43
P/FCF Ratio1.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$7.85Price Target Upside22.85% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.05
Revenue Forecast (FY)HK$667.21B
People's Insurance Co (Group) of China Business Overview & Revenue Model
Company Description
The People's Insurance Company (Group) of China Limited, an investment holding company, engages in the insurance business in the People's Republic of China. It operates through Non-Life Insurance, Life Insurance, Health Insurance, Asset Management...
How the Company Makes Money
PICC Group makes money primarily by underwriting insurance and investing the assets generated from its insurance operations. Its key revenue streams generally include: (1) Insurance underwriting income: subsidiaries issue insurance policies and ea...
People's Insurance Co (Group) of China Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
60
Neutral
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 576.06B | 622.98B | 598.79B | 530.21B | 475.09B | 592.01B |
| Gross Profit | 576.06B | 622.98B | 653.20B | 577.73B | 469.88B | 539.73B |
| EBITDA | 0.00 | 80.23B | 77.48B | 42.07B | 52.85B | 45.90B |
| Net Income | 46.71B | 45.01B | 42.15B | 22.32B | 25.37B | 21.48B |
Balance Sheet | ||||||
| Total Assets | 1.88T | 2.03T | 1.77T | 1.56T | 1.51T | 1.38T |
| Cash, Cash Equivalents and Short-Term Investments | 737.01B | 73.57B | 664.26B | 21.87B | 21.36B | 21.79B |
| Total Debt | 41.51B | 224.55B | 52.60B | 40.26B | 46.20B | 47.43B |
| Total Liabilities | 1.49T | 1.61T | 1.40T | 1.23T | 1.21T | 1.08T |
| Stockholders Equity | 285.11B | 309.32B | 268.73B | 242.35B | 221.77B | 219.26B |
Cash Flow | ||||||
| Free Cash Flow | 88.51B | 138.91B | 83.59B | 66.98B | 65.08B | 110.35B |
| Operating Cash Flow | 92.79B | 143.57B | 87.99B | 70.55B | 71.65B | 72.73B |
| Investing Cash Flow | -98.88B | -173.96B | -77.60B | -70.93B | -73.28B | -81.56B |
| Financing Cash Flow | 12.05B | 45.65B | 4.86B | -11.48B | 8.56B | -35.86B |
People's Insurance Co (Group) of China Technical Analysis
Negative
6.39
Price Trends
6.37
Negative
6.69
Negative
6.53
Negative
Market Momentum
-0.28
Positive
31.26
Neutral
19.74
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1339, the sentiment is Negative. The current price of 6.39 is above the 20-day moving average (MA) of 5.98, above the 50-day MA of 6.37, and below the 200-day MA of 6.53, indicating a bearish trend. The MACD of -0.28 indicates Positive momentum. The RSI at 31.26 is Neutral, neither overbought nor oversold. The STOCH value of 19.74 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1339.
People's Insurance Co (Group) of China Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$389.47B | 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$322.74B | 8.31 | 14.21% | 3.77% | 6.42% | 66.35% | |
70 Outperform | HK$189.23B | 4.31 | 38.67% | 5.24% | 49.90% | 203.77% | |
68 Neutral | HK$343.67B | 5.96 | 15.71% | 3.05% | 9.40% | 79.93% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
59 Neutral | HK$148.01B | 9.05 | 9.55% | 3.83% | 51.04% | 24.56% |
* Financial Sector Average
HK:1339
People's Insurance Co (Group) of China
5.39
1.84
51.87%
HK:2601
China Pacific Insurance (Group) Co
33.16
13.66
70.09%
HK:0966
China Taiping Insurance Holdings Co
21.12
11.37
116.68%
HK:2328
PICC Property & Casualty Co
14.51
1.90
15.06%
HK:6099
China Merchants Securities Co., Ltd. Class H
13.18
2.56
24.07%
HK:1336
New China Life Insurance Co., Ltd. Class H
45.88
22.01
92.19%
People's Insurance Co (Group) of China Corporate Events
PICC Group Announces Final 2025 Dividend of RMB 0.145 per Share
Mar 26, 2026
The People’s Insurance Company (Group) of China Limited, a leading Chinese insurance group listed in Hong Kong, focuses on property and casualty insurance and related financial services, and is governed by a board comprising executive, non-e...
PICC Group Delivers Higher Profit and Revenue in 2025 Results
Mar 26, 2026
The People’s Insurance Company (Group) of China Limited reported audited annual results for 2025 showing solid top-line and bottom-line growth. Total operating income rose to RMB669.3 billion from RMB622.2 billion a year earlier, supported b...
PICC Group Schedules Webcast for 2025 Annual Results Disclosure
Mar 19, 2026
The People’s Insurance Company (Group) of China Limited plans to release its 2025 annual results on 26 March 2026 on the Hong Kong Stock Exchange website, followed by a webcast results presentation on 27 March 2026. Chairperson Ding Xiangqun...
PICC Group Sets March 2026 Board Meeting to Approve 2025 Results and Mull Dividend
Mar 16, 2026
The People’s Insurance Company (Group) of China Limited has scheduled a board meeting for 26 March 2026 in Beijing, where directors will review and approve the group’s annual results for the financial year ended 31 December 2025. The m...
PICC Tightens Audit Committee Rules to Bolster Governance Oversight
Mar 4, 2026
The People’s Insurance Company (Group) of China Limited has updated the terms of reference for its Board Audit Committee to strengthen oversight of financial reporting, internal controls, and internal and external audit work. The committee, ...
PICC Confirms Regulatory Approval and Effective Date of New Independent Non-Executive Director
Feb 4, 2026
The People’s Insurance Company (Group) of China Limited has confirmed that the appointment of Ms. Yeung Cheung Ying as an independent non-executive director became effective on 2 February 2026, following regulatory approval from the National...
People’s Insurance Co (Group) of China updates board and committee roster
Feb 4, 2026
The insurer re-affirmed the composition of its board, listing five executive, non-executive, and independent non-executive directors and detailing the membership of five special committees overseeing strategy, risk, audit, nominations, and related...
PICC Group Confirms Appointment of New Independent Non-Executive Director as Shiu Sin Por Retires
Dec 31, 2025
The People’s Insurance Company (Group) of China Limited has confirmed that the appointment of Mr. Jia Ruo as an independent non-executive director has become effective following regulatory approval from the National Financial Regulatory Admi...
PICC Group Outlines Board Composition and Committee Roles
Dec 31, 2025
People’s Insurance Co (Group) of China has announced the current composition of its board of directors, which includes three executive directors, four non-executive directors and four independent non-executive directors, led by Chairperson D...
PICC Group Reshapes Governance as NFRA Clears Articles Amendments
Dec 31, 2025
The People’s Insurance Company (Group) of China Limited has obtained approval from China’s National Financial Regulatory Administration for amendments to its Articles of Association, adopted at its 2024 annual general meeting, and has ...
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.