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.
The regulatory cut to bancassurance commission rate has benefited 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
|
01299
|
|---|---|---|---|
Price/Earnings (Normalized) | 11.36 | 52.46 | 21.74 |
Price/Book Value | 1.12 | 2.52 | 2.67 |
Price/Sales | 1.27 | 2.43 | 5.79 |
Price/Cash Flow | 2.05 | 3.02 | — |
|
Metric
|
601318
|
601628
|
01299
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | 1.02 | — | 12.10 |
|
Metric
|
601318
|
601628
|
01299
|
|---|---|---|---|
Return on Assets (Normalized) | 0.98% | 0.95% | 2.23% |
Return on Equity (Normalized) | 12.58% | 12.06% | 15.38% |
Return on Invested Capital (Normalized) | 7.94% | 5.76% | 12.10% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| China Life Insurance Co Ltd Class H
CILJF
| — | Lzj | $146.4 Bil | |||
| Ping An Insurance (Group) Co. of China Ltd ADR
PNGAY
| — | Dgnws | $140.0 Bil | |||
| Ping An Insurance (Group) Co. of China Ltd Class H
PIAIF
| Rkwbvwr | Ssbk | $140.0 Bil | |||
| AIA Group Ltd ADR
AAGIY
| — | Pfxv | $100.7 Bil | |||
| AIA Group Ltd
AAIGF
| — | Kkqzs | $100.7 Bil | |||
| Aflac Inc
AFL
| Zjltsprh | Cbjchm | $63.6 Bil | |||
| MetLife Inc
MET
| Stdwwkb | Dsvm | $56.9 Bil | |||
| Manulife Financial Corp
MFC
| Fjxkgnm | Wclwn | $52.6 Bil | |||
| Prudential Financial Inc
PRU
| Dwyfpbct | Ghwt | $42.4 Bil | |||
| Prudential PLC ADR
PUK
| Qrcxkwxfw | Fgpg | $25.1 Bil |
United States