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People's Insurance Co (Group) of China
(1339)
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Rating:64Neutral
Price Target:
HK$6.00
â–²(16.05% Upside)
Action:Reiterated
Date:07/05/26
The score is supported primarily by solid underlying financial performance (improved profitability/returns and strong cash conversion), and reinforced by attractive valuation (low P/E and high dividend yield). These positives are tempered by weak technicals (price below major moving averages with negative MACD) and key financial risks to monitor (sharp TTM revenue decline and higher leverage versus prior years).
Positive Factors
Improved Profitability and Returns
Higher margins than in 2021–2023 and strong recent ROE indicate better underwriting, operating or investment performance. Sustained profitability improves internal capital generation and supports the group’s ability to absorb claims and fund future growth.
Negative Factors
Sharp TTM Revenue Decline
A pronounced trailing-twelve-month revenue contraction creates uncertainty about the durability of recent earnings improvement. If weaker premium or investment-related revenue persists, it could reduce operating leverage and make margins harder to sustain.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability and Returns
Higher margins than in 2021–2023 and strong recent ROE indicate better underwriting, operating or investment performance. Sustained profitability improves internal capital generation and supports the group’s ability to absorb claims and fund future growth.
Read all positive factors
People's Insurance Co (Group) of China (1339) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$333.85B
Dividend Yield4.72%
Average Volume (3M)42.92M
Price to Earnings (P/E)7.2
Beta (1Y)1.08
Revenue Growth9.46%
EPS Growth9.49%
CountryHK
Employees179,898
SectorFinancial
Sector Strength70
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)0.98
Shares Outstanding8,726,234,000
10 Day Avg. Volume45,486,751
30 Day Avg. Volume42,921,017
Financial Highlights & Ratios
PEG Ratio0.95
Price to Book (P/B)0.87
Price to Sales (P/S)0.41
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$7.07Price Target Upside36.69% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)1.11
Revenue Forecast (FY)HK$652.12B
People's Insurance Co (Group) of China Business Overview & Revenue Model
Company Description
The People's Insurance Company (Group) of China Limited functions as an investment holding enterprise, primarily conducting insurance activities throughout the People's Republic of China. Its operations are structured across several key divisions:...
How the Company Makes Money
PICC Group primarily makes money by underwriting insurance and investing the premiums it collects. Its key revenue streams typically include: (1) P&C insurance premiums: The group’s P&C arm generates premium income from products such as motor, com...
People's Insurance Co (Group) of China Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
58
Neutral
Cash Flow
69
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 616.93B | 647.17B | 598.79B | 530.21B | 475.09B | 592.01B |
| Gross Profit | 616.93B | 712.24B | 653.20B | 577.73B | 469.88B | 539.73B |
| EBITDA | 104.52B | 80.23B | 77.48B | 42.07B | 52.85B | 45.90B |
| Net Income | 40.98B | 45.01B | 42.15B | 22.32B | 25.37B | 21.48B |
Balance Sheet | ||||||
| Total Assets | 2.02T | 2.03T | 1.77T | 1.56T | 1.51T | 1.38T |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 73.57B | 664.26B | 21.87B | 21.36B | 21.79B |
| Total Debt | 42.04B | 224.55B | 52.60B | 40.26B | 46.20B | 47.43B |
| Total Liabilities | 1.59T | 1.61T | 1.40T | 1.23T | 1.21T | 1.08T |
| Stockholders Equity | 319.36B | 309.32B | 268.73B | 242.35B | 221.77B | 219.26B |
Cash Flow | ||||||
| Free Cash Flow | 92.74B | 138.91B | 83.59B | 66.98B | 65.08B | 110.35B |
| Operating Cash Flow | 97.49B | 143.57B | 87.99B | 70.55B | 71.65B | 72.73B |
| Investing Cash Flow | -122.89B | -173.96B | -77.60B | -70.93B | -73.28B | -81.56B |
| Financing Cash Flow | 22.85B | 45.65B | 4.86B | -11.48B | 8.56B | -35.86B |
People's Insurance Co (Group) of China Technical Analysis
Positive
5.17
Price Trends
5.11
Positive
5.15
Positive
5.85
Negative
Market Momentum
-0.01
Positive
54.82
Neutral
45.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1339, the sentiment is Positive. The current price of 5.17 is below the 20-day moving average (MA) of 5.25, above the 50-day MA of 5.11, and below the 200-day MA of 5.85, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 54.82 is Neutral, neither overbought nor oversold. The STOCH value of 45.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$357.89B | 7.65 | 14.21% | 4.61% | 6.50% | 25.27% | |
77 Outperform | HK$324.68B | 5.43 | 18.16% | 4.44% | 10.54% | 27.66% | |
77 Outperform | HK$73.75B | 2.83 | 29.19% | 5.55% | 11.51% | 250.65% | |
76 Outperform | HK$39.05B | 5.28 | 10.97% | 5.22% | 3.44% | 15.71% | |
68 Neutral | HK$192.50B | 4.97 | 35.23% | 6.41% | 39.01% | 38.60% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | HK$333.85B | 7.19 | 13.89% | 4.82% | 9.46% | 9.49% |
* Financial Sector Average
HK:1339
People's Insurance Co (Group) of China
5.28
-1.24
-19.10%
HK:2601
China Pacific Insurance (Group) Co
29.46
-6.21
-17.40%
HK:0966
China Taiping Insurance Holdings Co
20.52
2.42
13.40%
HK:2328
PICC Property & Casualty Co
16.09
-1.13
-6.58%
HK:1336
New China Life Insurance Co., Ltd. Class H
47.84
0.88
1.88%
HK:6963
Sunshine Insurance Group Co. Ltd.
3.40
-0.64
-15.88%
People's Insurance Co (Group) of China Corporate Events
PICC Group Sets August Board Meeting to Review Interim Results and Dividend
Aug 18, 2026
The People’s Insurance Company (Group) of China Limited has scheduled a board meeting for 28 August 2026 to review and approve its interim results for the six months ended 30 June 2026. The board will also consider the declaration of an inte...
PICC names veteran banker Tan Jiong as new chairman
Aug 11, 2026
The People’s Insurance Company (Group) of China has appointed Tan Jiong as an executive director and chairman of its fifth board session, with his term to begin upon shareholder approval and regulatory clearance from the National Financial R...
PICC Group Calls 2026 EGM to Elect New Executive Director
Aug 11, 2026
The People’s Insurance Company (Group) of China Limited has called its first extraordinary general meeting of 2026 for 28 August in Beijing, with shareholders of H Shares eligible to attend and vote subject to specified registration and prox...
PICC announces age-related resignation of non-executive director Song Hongjun
Jun 26, 2026
The People’s Insurance Company (Group) of China Limited announced the resignation of non-executive director Song Hongjun, who also served on the Strategy and Investment/Sustainable Development Committee and the Risk Management ConsumersR...
PICC Group Updates Final 2025 Dividend and Tax Details for Hong Kong Shareholders
Jun 25, 2026
The People’s Insurance Company (Group) of China Limited has updated its final dividend declaration for the year ended 31 December 2025, confirming a payout of RMB 0.145 per share, equivalent to HKD 0.16674765 per share based on an exchange r...
PICC Group Wins Strong Shareholder Backing at 2025 AGM
Jun 25, 2026
Shareholders of the People’s Insurance Company (Group) of China approved all resolutions at their 2025 annual general meeting held on June 25, 2026. Items passed included the 2025 board report, final financial accounts, profit distribution, ...
PICC Group Updates Final 2025 Dividend and Tax Arrangements for H-Share Investors
Jun 4, 2026
The People’s Insurance Company (Group) of China Limited has announced an updated final cash dividend for the financial year ended 31 December 2025, declaring a payout of RMB 0.145 per share subject to shareholder approval on 25 June 2026. Th...
PICC Group Sets 2025 AGM to Approve Results, Capital Plan and Dividend Timetable
Jun 4, 2026
The People’s Insurance Company (Group) of China has called its 2025 annual general meeting for 25 June 2026 in Beijing, where shareholders will review the 2025 board report, financial accounts, profit distribution, fixed-asset investment bud...
PICC Group Clarifies Board Line-up and Committee Roles
May 31, 2026
The People’s Insurance Company (Group) of China Limited has published an updated list of its directors and clarified their respective roles and functions within the board. The announcement distinguishes executive, non-executive and independe...
PICC Group Chairperson Ding Xiangqun Resigns Amid Strategic Transition
May 31, 2026
The People’s Insurance Company (Group) of China Limited announced that executive director and chairperson of the board, Ms. Ding Xiangqun, has resigned from her roles, including chair of the Strategy and Investment/Sustainable Development Co...
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.