In China's highly competitive insurance market, Ping An differentiates itself with its ability to use proprietary technology to strengthen the customer experience and enhance cross-sales for its major ecosystems: integrated finance, auto, healthcare, and eldercare. We believe its competitive advantage results in a better outlook than peers in terms of underwriting profitability and growth.
We believe the regulatory cut to bancassurance commission rate will benefit large insurers such as Ping An, with about 75% of bancassurance sales being generated from its banking subsidiary and a strong product pipeline.
Frequent top management turnover posts more temporary headwinds to its ongoing business restructuring.
|
Metric
|
601318
|
601628
|
01336
|
|---|---|---|---|
Price/Earnings (Normalized) | 8.97 | 35.27 | 6.77 |
Price/Book Value | 0.84 | 1.81 | 0.47 |
Price/Sales | 0.95 | 1.49 | 0.65 |
Price/Cash Flow | 3.37 | 2.17 | 0.49 |
|
Metric
|
601318
|
601628
|
01336
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | 1.00 | — | 1.04 |
|
Metric
|
601318
|
601628
|
01336
|
|---|---|---|---|
Return on Assets (Normalized) | 0.94% | 0.96% | 0.62% |
Return on Equity (Normalized) | 11.99% | 12.05% | 7.77% |
Return on Invested Capital (Normalized) | 7.89% | 5.38% | 27.23% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| China Life Insurance Co Ltd Class H
CILJF
| — | Gxgz | $98.3 Bil | |||
| Ping An Insurance (Group) Co. of China Ltd Class H
PIAIF
| Zvhhmdhpj | Sybj | $97.1 Bil | |||
| Ping An Insurance (Group) Co. of China Ltd ADR
PNGAY
| — | Vvcc | $97.1 Bil | |||
| AIA Group Ltd ADR
AAGIY
| — | Nlrxd | $75.3 Bil | |||
| AIA Group Ltd
AAIGF
| — | Qwrz | $75.3 Bil | |||
| Aflac Inc
AFL
| Mvmfytbm | Yqtjb | $50.6 Bil | |||
| MetLife Inc
MET
| Vmtcscqd | Kddm | $49.4 Bil | |||
| Manulife Financial Corp
MFC
| Tltmtzv | Fkcjn | $47.8 Bil | |||
| Prudential Financial Inc
PRU
| Gttrtpphm | Frbd | $42.0 Bil | |||
| Prudential PLC ADR
PUK
| Xdhspgg | Mmkb | $24.8 Bil |
