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Major Chinese insurer offering life, property-and-casualty and asset-management products nationwide.
Major Chinese insurer offering life, property-and-casualty and asset-management products nationwide.
Collects life premiums, mostly sold by agents and through banks, and property and casualty premiums mainly on cars and businesses, then invests the money until benefits and claims are paid, so investment returns matter as much as underwriting. Life is the larger profit source. This is the Hong Kong H share.
In one line: A large diversified Chinese insurer, akin to a China-based MetLife/Allstate combo.
Moat: narrow (scale, brand, distribution). Large agent/bancassurance distribution network and brand trust built over three decades.
Headquarters: Shanghai, China · Founded: 1991 · Employees: 91,639
Size China Pacific Insurance (Group) (2601.HK) is a Hong Kong Financials company (Multi-Line Insurance) with a market value of $42.5B, the 41st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$27.86 on 6 Nov 2026.
Performance Over six months the shares fell 21.6%, against +15.5% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 9.4% over the last twelve months (peer median +9.4%); the operating margin is 11.6% (peer median 17.3%).
Valuation It trades at 0.69× book value against a peer median of 1.78× (cheapest of 21).
Price implies The share price implies a return on equity of about 8.4%; China Pacific Insurance (Group) delivers 14.4%, so the price asks less than the business earns today.
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$474B | HK$419B | HK$375B | HK$355B | HK$384B |
| Revenue growth | — | +12% | +6% | -8% | — |
| Net income | HK$50.3B | HK$58.0B | HK$48.7B | HK$30.1B | HK$43.5B |
| Free cash flow | HK$316B | HK$288B | HK$236B | HK$230B | HK$249B |
| Capital expenditure | HK$3.49B | HK$4.65B | HK$4.20B | HK$4.41B | HK$10.6B |
| Total debt | HK$203B | HK$271B | HK$207B | HK$142B | HK$149B |
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 Pacific Insurance (Group) 2601.HK | $42.5B | -22% | +9% | 14% | 0.69× | 8.4% |
| Ping An 2318.HK | $138B | -17% | -8% | 10% | 0.79× | 9.7% |
| China Life 2628.HK | $134B | -17% | +38% | 41% | 0.93× | 10.0% |
| People's Insurance Co. (Group) of China 1339.HK | $46.1B | -2% | +11% | 18% | 0.60× | 5.6% |
| New China Life Insurance 1336.HK | $21.5B | -24% | +44% | 42% | 0.87× | 10.3% |
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 | 2601.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.0% | +3.3% | 8th lowest of 21 |
| 6-month return | -21.6% | +15.5% | 2nd lowest of 21 |
| Return on equity | 14.4% | 16.3% | 8th lowest of 21 |
| Price / book | 0.69× | 1.78× | cheapest of 21 |
| Trailing P/E | 5.3× | 12.2× | 2nd cheapest of 21 |
| ROE the price implies | 8.4% | 10.9% | 9th least demanding of 21 |
| ROE delivered | 14.4% | 16.3% | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| China Pacific Insurance (Group) 2601.HK | Hong Kong | $42.5B | -22% | +9% | 14% | 0.69× | 8.4% | 14.4% |
| Power Corporation of Canada POW.TO | Canada | $40.7B | +16% | +10% | 11% | 2.42× | 15.9% | 11.0% |
| Ms&ad Ins Gp Hldgs 8725.T | Japan | $44.4B | +22% | +21% | 17% | 1.07× | 6.9% | 16.6% |
| People's Insurance Co. (Group) of China 601319.SS | China | $44.4B | +1% | +4% | 10% | 0.96× | 6.0% | 9.7% |
| American International AIG | United States | $40.7B | +2% | +1% | 8% | 1.04× | 7.5% | 8.2% |
| Sun Life Financial SLF.TO | Canada | $40.1B | +7% | -1% | 13% | 2.38× | 13.7% | 13.5% |
| Sompo 8630.T | Japan | $39.6B | +17% | +41% | 15% | 1.14× | 6.2% | 14.6% |
| Arch Capital ACGL | United States | $36.6B | +14% | -5% | 19% | 1.58× | 8.3% | 18.7% |
| Swiss Re SREN.SW | Switzerland | $50.6B | +27% | -12% | 20% | 2.27× | 6.1% | 20.4% |
| Prudential plc Sponsored ADR PUK | United States | $31.7B | -21% | +39% | 19% | 1.56× | 11.4% | 19.2% |
| Great-West Lifeco GWO.TO | Canada | $57.4B | +18% | +4% | 16% | 3.02× | 15.7% | 16.0% |
| Prudential 2378.HK | Hong Kong | $30.8B | -24% | +30% | 19% | 1.54× | 11.3% | 19.3% |
| Aviva AV..L | United Kingdom | $29.5B | +18% | +86% | 7% | 2.46× | 23.8% | 6.8% |
| Aflac AFL | United States | $62.2B | +10% | +14% | 17% | 2.06× | 12.5% | 16.9% |
| MetLife MET | United States | $62.4B | +27% | +9% | 13% | 2.28× | 16.2% | 13.2% |
| Fubon Financial Hldg 2881.TW | Taiwan | $62.7B | +66% | +12% | 16% | 1.66× | 7.4% | 16.0% |
| Cincinnati Financial CINF | United States | $28.5B | +15% | +10% | 17% | 1.76× | 10.6% | 16.9% |
| Allstate ALL | United States | $64.4B | +20% | +6% | 46% | 2.04× | 9.9% | 46.1% |
| W. R. Berkley WRB | United States | $27.9B | +16% | +1% | 19% | 2.91× | 12.8% | 19.2% |
| Helvetia Baloise HBAN.SW | Switzerland | $27.0B | +5% | +54% | 4% | 1.80× | 4.8% | 4.0% |
| Unipol Assicurazioni UNI.MI | Italy | $23.8B | +13% | +7% | 17% | 1.62× | 14.9% | 16.9% |