ZhongAn Online P & C Insurance Co., Ltd (HK:6060)
:6060
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ZhongAn Online P & C Insurance Co., Ltd
(6060)
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Rating:55Neutral
Price Target:
HK$12.50
▼(-0.87% Downside)
Action:ReiteratedDate:03/21/26
The score is held back most by weak technicals (trading below key moving averages with negative MACD). Financials are mixed: solid capitalization and improving 2025 cash flow are offset by volatile earnings/ROE and inconsistent cash generation. Valuation is supportive due to a low P/E, but lacks dividend yield data.
Positive Factors
Digital / embedded distribution model
A tech-enabled, embedded distribution model supports scalable, high-volume small-ticket P&C sales with lower unit acquisition costs and easier integration into e-commerce ecosystems. Structurally, this model favors steady premium growth and distribution reach over quarters as digital adoption advances.
Negative Factors
Volatile profitability and falling ROE
Material swings in net income and a declining ROE indicate inconsistent underwriting or investment performance. This undermines predictability of earnings and capital returns, complicating capital planning and making durable margin improvements harder to assume over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Digital / embedded distribution model
A tech-enabled, embedded distribution model supports scalable, high-volume small-ticket P&C sales with lower unit acquisition costs and easier integration into e-commerce ecosystems. Structurally, this model favors steady premium growth and distribution reach over quarters as digital adoption advances.
Read all positive factors
ZhongAn Online P & C Insurance Co., Ltd (6060) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$20.47B
Dividend YieldN/A
Average Volume (3M)22.22M
Price to Earnings (P/E)14.3
Beta (1Y)1.81
Revenue Growth8.41%
EPS Growth72.89%
CountryHK
Employees2,395
SectorFinancial
Sector Strength70
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)0.28
Shares Outstanding1,634,812,900
10 Day Avg. Volume14,719,029
30 Day Avg. Volume22,215,322
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)0.96
Price to Sales (P/S)0.70
P/FCF Ratio8.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$21.17Price Target Upside67.85% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
EPS Forecast (FY)0.82
Revenue Forecast (FY)HK$36.08B
ZhongAn Online P & C Insurance Co., Ltd Business Overview & Revenue Model
Company Description
ZhongAn Online P & C Insurance Co., Ltd., an Internet-based Insurtech company, provides internet insurance and insurance information technology services in the People's Republic of China. The company operates through Insurance, Technology, Banking...
How the Company Makes Money
ZhongAn makes money primarily through (1) insurance underwriting income and (2) insurance service and technology-related income.
1) Insurance underwriting (core)
- Premiums: The company collects gross written premiums from policyholders for P&C c...
ZhongAn Online P & C Insurance Co., Ltd Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
71
Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 34.84B | 33.73B | 29.23B | 22.64B | 21.94B |
| Gross Profit | 34.84B | 33.73B | 29.23B | 22.64B | 21.94B |
| EBITDA | 2.07B | 1.63B | 4.83B | 0.00 | 1.40B |
| Net Income | 1.07B | 603.46M | 4.08B | -1.11B | 757.10M |
Balance Sheet | |||||
| Total Assets | 47.29B | 45.28B | 42.86B | 54.56B | 51.77B |
| Cash, Cash Equivalents and Short-Term Investments | 3.38B | 1.47B | 1.58B | 15.39B | 26.28B |
| Total Debt | 8.55B | 7.12B | 7.19B | 7.18B | 6.65B |
| Total Liabilities | 21.83B | 24.36B | 22.79B | 37.53B | 32.64B |
| Stockholders Equity | 25.46B | 20.93B | 20.07B | 15.21B | 16.75B |
Cash Flow | |||||
| Free Cash Flow | 2.88B | 1.08B | 1.92B | -1.11B | -863.71M |
| Operating Cash Flow | 3.90B | 1.98B | 2.21B | -701.91M | -602.95M |
| Investing Cash Flow | 436.42M | -556.30M | -5.33B | 158.04M | -5.94B |
| Financing Cash Flow | -2.93B | -1.09B | 1.14B | 236.03M | 2.19B |
ZhongAn Online P & C Insurance Co., Ltd Technical Analysis
Negative
12.61
Price Trends
14.44
Negative
15.25
Negative
16.66
Negative
Market Momentum
-0.49
Negative
38.73
Neutral
12.50
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6060, the sentiment is Negative. The current price of 12.61 is below the 20-day moving average (MA) of 13.21, below the 50-day MA of 14.44, and below the 200-day MA of 16.66, indicating a bearish trend. The MACD of -0.49 indicates Negative momentum. The RSI at 38.73 is Neutral, neither overbought nor oversold. The STOCH value of 12.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6060.
ZhongAn Online P & C Insurance Co., Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$3.54B | 7.07 | 11.00% | 6.92% | 2.65% | 16.91% | |
70 Outperform | HK$321.63B | 8.31 | 14.21% | 3.77% | 6.50% | 25.27% | |
68 Neutral | HK$339.29B | -37.16 | 15.71% | 3.05% | 9.46% | 9.49% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
55 Neutral | HK$20.47B | 14.26 | 5.72% | ― | 8.41% | 72.89% |
* Financial Sector Average
HK:6060
ZhongAn Online P & C Insurance Co., Ltd
12.15
0.93
8.29%
HK:1339
People's Insurance Co (Group) of China
5.29
0.85
19.17%
HK:2328
PICC Property & Casualty Co
14.46
0.69
5.04%
HK:0900
AEON Credit Service (Asia) Co., Ltd.
8.46
2.67
46.11%
HK:6623
Lufax Holding Ltd Class A
10.90
0.00
0.00%
HK:1828
FWD Group Holdings Limited
31.00
-7.00
-18.42%
ZhongAn Online P & C Insurance Co., Ltd Corporate Events
ZhongAn Online Reports Strong Solvency Ratios and First-Quarter 2026 Metrics
Apr 30, 2026
ZhongAn Online P C Insurance has reported key solvency indicators for the quarter ended March 31, 2026, showing a comprehensive solvency margin ratio of 241.21% and a core solvency margin ratio of 231.87%, both well above regulatory minimums. The...
ZhongAn Wins NFRA Nod for New Independent Director, Bolstering Board Governance
Apr 22, 2026
ZhongAn Online P C Insurance has received regulatory approval from China’s National Financial Regulatory Administration for the qualification of Mr. Hongjun Zhong as an independent non-executive director, allowing him to formally assume his...
ZhongAn Online Clarifies Board Composition and Committee Roles
Apr 22, 2026
ZhongAn Online P C Insurance Co., Ltd. has announced the current composition of its board of directors, listing executive, non-executive, and independent non-executive members, with Hai Yin serving as chairman. The company also detailed the membe...
ZhongAn Releases Audited 2025 Annual Results and Confirms Board Line-up
Mar 19, 2026
ZhongAn Online P C Insurance Co., Ltd. has released its audited annual results for the year ended December 31, 2025, fulfilling disclosure requirements of the Hong Kong Stock Exchange. The company will distribute its full 2025 Annual Report to H-...
ZhongAn Online Schedules March 2026 Board Meeting to Approve 2025 Results
Feb 11, 2026
ZhongAn Online P C Insurance Co., Ltd. has scheduled a board meeting for March 19, 2026 to review and approve the group’s audited financial results for the year ended December 31, 2025. The board will also consider a potential final dividen...
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.