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China's first licensed online-only property and casualty insurer, selling insurance digitally including via e-commerce and fintech platforms.
China's first licensed online-only property and casualty insurer, selling insurance digitally including via e-commerce and fintech platforms.
Sells insurance inside partners' apps, so the platforms that bring the customers matter as much as pricing. Ant Group, Tencent and Ping An co-founded it. It also runs a virtual bank in Hong Kong, ZA Bank, and sells its insurance software to other insurers.
In one line: China's Lemonade, but P&C and much larger scale.
Moat: narrow (data, network effects, regulatory licence). Early online-insurance licence and data-driven underwriting built through partnerships with major internet platforms.
Headquarters: Shanghai, China · Founded: 2013 · Employees: 2,242
Size Zhongan Online P&C Insurance (6060.HK) is a Hong Kong Financials company (Multi-Line Insurance) with a market value of $2.06B, the 408th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$9.90 on 6 Nov 2026.
Performance Over six months the shares fell 18.5%, against +4.0% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 15.6% over the last twelve months (peer median +12.7%); the operating margin is 9.3% (peer median 9.1%).
Valuation It trades at 0.54× book value against a peer median of 1.76× (3rd cheapest of 21).
Price implies The share price implies a return on equity of about 8.0%; Zhongan Online P&C Insurance delivers 8.2%, so the price asks less than the business earns today.
Next results Next results expected around 23 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$42.1B | HK$38.8B | HK$35.8B | HK$36.3B | HK$29.2B |
| Revenue growth | — | +8% | -1% | +25% | — |
| Net income | HK$2.24B | HK$1.19B | HK$654M | HK$4.51B | -HK$1.29B |
| Free cash flow | HK$2.92B | HK$3.21B | HK$1.82B | HK$2.74B | -HK$236M |
| Capital expenditure | HK$230M | HK$1.13B | HK$972M | HK$322M | HK$478M |
| Total debt | n/a | HK$9.52B | HK$16.0B | HK$17.3B | HK$15.9B |
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 |
|---|---|---|---|---|---|---|
| Zhongan Online P&C Insurance 6060.HK | $2.06B | -19% | +16% | 8% | 0.54× | 8.0% |
| Ping An 2318.HK | $138B | -17% | -8% | 10% | 0.79× | 9.7% |
| China Pacific Insurance (Group) 2601.HK | $42.5B | -22% | +9% | 14% | 0.69× | 8.4% |
| Lemonade LMND | $3.06B | -28% | +77% | -27% | 6.12× | 75.0% |
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 | 6060.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.1% | +2.3% | 10th highest of 21 |
| 6-month return | -18.5% | +4.0% | 3rd lowest of 21 |
| Return on equity | 8.2% | 9.0% | 10th lowest of 21 |
| Price / book | 0.54× | 1.76× | 3rd cheapest of 21 |
| Trailing P/E | 7.4× | 14.0× | 5th cheapest of 19 |
| ROE the price implies | 8.0% | 10.2% | 8th least demanding of 20 |
| ROE delivered | 8.2% | 9.0% | 9th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Zhongan Online P&C Insurance 6060.HK | Hong Kong | $2.06B | -19% | +16% | 8% | 0.54× | 8.0% | 8.2% |
| Seoul Guarantee Insurance 031210.KS | South Korea | $2.26B | -8% | +14% | 6% | 0.61× | 4.5% | 6.0% |
| NIB NHF.AX | Australia | $2.29B | +4% | +5% | 17% | 2.90× | 13.2% | 16.6% |
| Pelagos Insurance Capital PLGO | United States | $2.29B | +33% | -4% | 18% | 1.03× | 6.5% | 17.6% |
| Korean Reinsurance 003690.KS | South Korea | $1.74B | +8% | -2% | 14% | 0.73× | 4.8% | 14.4% |
| Go Digit General Insurance GODIGIT.NS | India | $2.44B | -21% | +9% | 12% | 4.91× | 37.4% | n/a |
| Trupanion TRUP | United States | $1.61B | +49% | +12% | 6% | 3.94× | 35.3% | 6.1% |
| Vaudoise Assurances VAHN.SW | Switzerland | $2.66B | -8% | +14% | 6% | 0.78× | n/a | 5.9% |
| Skyward Specialty Insurance SKWD | United States | $2.68B | +29% | +38% | 17% | 2.11× | 10.2% | 17.3% |
| New India Assurance NIACL.NS | India | $2.74B | -5% | +9% | -1% | 0.62× | 14.0% | -1.3% |
| Linea Directa Aseguradora LDA.MC | Spain | $1.48B | +3% | +10% | 23% | 3.07× | 11.7% | 23.3% |
| Wuestenrot & Wuerttembergische WUW.DE | Germany | $1.39B | -6% | +4% | 3% | 0.25× | 3.6% | 2.7% |
| Lemonade LMND | United States | $3.06B | -28% | +77% | -27% | 6.12× | 75.0% | -27.0% |
| F&G Annuities & Life FG | United States | $3.06B | -17% | +14% | 9% | 0.66× | 8.4% | 9.2% |
| Genworth Financial GNW | United States | $3.29B | -5% | -1% | 2% | 0.38× | 5.3% | 2.3% |
| Hamilton Insurance HG | United States | $3.64B | +20% | +20% | 19% | 1.24× | 8.0% | 19.0% |
| Alm. Brand A/S ALMB.CO | Denmark | $3.70B | +16% | +3% | 9% | 2.19× | 7.3% | 8.8% |
| Central Reinsurance 2851.TW | Taiwan | $1.12B | +52% | +21% | 37% | 1.41× | 5.1% | 37.4% |
| Bowhead Specialty BOW | United States | $1.12B | +26% | +24% | 14% | 2.48× | 11.3% | 13.6% |
| Chesnara CSN.L | United Kingdom | $1.08B | +11% | +192% | 0% | 2.14× | 15.7% | 0.3% |
| Religare Enterprises RELIGARE.NS | India | $845M | +4% | +18% | 3% | 2.67× | 23.7% | n/a |