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State-owned Chinese insurer with historic Hong Kong roots, offering life, P&C and reinsurance across Greater China.
State-owned Chinese insurer with historic Hong Kong roots, offering life, P&C and reinsurance across Greater China.
Collects premiums and invests them until claims fall due, with life insurance carrying most of the business, sold through agents and banks in mainland China and Hong Kong. The group's roots go back to 1929 and its ultimate owner is the Ministry of Finance.
In one line: A state-owned Chinese insurer with an HK international heritage.
Moat: narrow (brand, regulatory licence). Long HK/overseas Chinese insurance heritage under central-government (Ministry of Finance) ownership.
Headquarters: Hong Kong · Founded: 1929 · Employees: 57,951
Size China Taiping Insurance (0966.HK) is a Hong Kong Financials company (Multi-Line Insurance) with a market value of $8.28B, the 191st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$18.07 on 6 Nov 2026.
Performance Over six months the shares fell 23.8%, against +6.0% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 18.5% over the last twelve months (peer median +6.9%); the operating margin is 24.6% (peer median 14.1%).
Valuation It trades at 0.63× book value against a peer median of 1.25× (2nd cheapest of 21).
Price implies The share price implies a return on equity of about 8.1%; China Taiping Insurance delivers 36.2%, so the price asks less than the business earns today.
Credit China Taiping Insurance has 1 bond outstanding ($2.00B), rated BBB by the agencies.
Next results Next results expected around 29 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$197B | HK$179B | HK$160B | HK$136B | HK$159B |
| Revenue growth | — | +12% | +18% | -14% | — |
| Net income | HK$32.2B | HK$26.1B | HK$7.43B | HK$5.37B | HK$4.30B |
| Free cash flow | n/a | HK$151B | HK$152B | HK$128B | HK$129B |
| Capital expenditure | HK$0 | HK$5.43B | HK$9.71B | HK$6.92B | HK$6.30B |
| Total debt | n/a | HK$202B | HK$145B | HK$147B | HK$117B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| China Taiping Insurance 0966.HK | $8.28B | -24% | +19% | 36% | 0.63× | 8.1% |
| People's Insurance Co. (Group) of China 1339.HK | $46.1B | -2% | +11% | 18% | 0.60× | 5.6% |
| China Pacific Insurance (Group) 2601.HK | $42.5B | -22% | +9% | 14% | 0.69× | 8.4% |
| New China Life Insurance 1336.HK | $21.5B | -24% | +44% | 42% | 0.87× | 10.3% |
| China Life 2628.HK | $134B | -17% | +38% | 41% | 0.93× | 10.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 0966.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.8% | +1.9% | 5th lowest of 21 |
| 6-month return | -23.8% | +6.0% | lowest of 21 |
| Return on equity | 36.2% | 14.6% | highest of 21 |
| Price / book | 0.63× | 1.25× | 2nd cheapest of 21 |
| Trailing P/E | 2.0× | 10.6× | cheapest of 21 |
| ROE the price implies | 8.1% | 8.1% | 9th least demanding of 21 |
| ROE delivered | 36.2% | 14.4% | highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| China Taiping Insurance 0966.HK | Hong Kong | $8.28B | -24% | +19% | 36% | 0.63× | 8.1% | 36.2% |
| Hiscox HSX.L | United Kingdom | $8.08B | +18% | +4% | 17% | 2.06× | 15.1% | 16.6% |
| Kinsale Capital KNSL | United States | $8.64B | +26% | +8% | 28% | 4.70× | 30.6% | 27.8% |
| Lincoln National LNC | United States | $7.67B | +12% | +12% | 23% | 0.74× | 8.6% | 22.6% |
| Axis Capital AXS | United States | $7.60B | +7% | +10% | 16% | 1.33× | 8.1% | 16.0% |
| Great Eastern G07.SI | Singapore | $7.47B | +21% | +27% | 15% | 1.73× | 11.4% | 14.8% |
| Db Insurance 005830.KS | South Korea | $6.90B | +2% | -14% | 17% | 0.85× | 5.1% | 17.0% |
| China Reinsurance (Group) 1508.HK | Hong Kong | $6.64B | -5% | +11% | 10% | 0.40× | 5.5% | 9.7% |
| Enact ACT | United States | $6.38B | +5% | +2% | 13% | 1.19× | 7.9% | 12.9% |
| RLI RLI | United States | $6.27B | +39% | +6% | 22% | 3.70× | 15.4% | 22.1% |
| Sony Financial 8729.T | Japan | $6.06B | +1% | -10% | 14% | 1.08× | 5.1% | 14.4% |
| Aditya Birla Capital ABCAPITAL.NS | India | $11.5B | +8% | +24% | 12% | 2.56× | 41.9% | 12.1% |
| Globe Life GL | United States | $12.1B | +4% | +6% | 21% | 2.08× | 11.7% | n/a |
| Unum UNM | United States | $12.2B | -5% | -5% | 3% | 1.52× | 8.1% | 2.6% |
| FWD 1828.HK | Hong Kong | $5.54B | +7% | +24% | 4% | 0.92× | 7.3% | 4.1% |
| Aegon AGN.AS | Netherlands | $12.7B | +4% | +16% | 10% | 1.25× | 8.2% | 10.5% |
| CNA Financial CNA | United States | $12.8B | +9% | +2% | 10% | 1.25× | 7.2% | 9.6% |
| Sunshine Insurance 6963.HK | Hong Kong | $5.35B | 0% | +8% | 14% | 0.66× | 5.4% | 13.7% |
| White Mountains Insurance WTM | United States | $5.35B | +5% | +21% | 22% | 0.99× | 6.3% | 21.9% |
| CNO Financial CNO | United States | $5.09B | +20% | +2% | 17% | 2.19× | 16.0% | 16.9% |
| Mapfre MAP.MC | Spain | $14.1B | -2% | +5% | 12% | 1.26× | 8.4% | 12.4% |
China Taiping Insurance has 1 bond outstanding with $2.00B face value. The agencies rate it BBB.