People's Insurance Company (Group) of China Full Year 2024 Earnings: Revenues Disappoint

People's Insurance Company (Group) of China (HKG:1339) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥580.1b (up 10% from FY 2023).
• Net income: CN¥42.2b (up 89% from FY 2023).
• Profit margin: 7.3% (up from 4.2% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.95 (up from CN¥0.51 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

People's Insurance Company (Group) of China Revenues Disappoint

Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Insurance industry in Hong Kong.

Performance of the Hong Kong Insurance industry.

The company's shares are down 5.3% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for People's Insurance Company (Group) of China (1 doesn't sit too well with us) you should be aware of.

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