HSBC Holdings PLC

HSBA: XLON (GBR)

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HSBC: Attractive Multiple for Singapore Life Insurance Exit, but Shares Look Fairly Valued

Kathy Chan

Jul 23, 2026

HSBC announced the sale of HSBC Life (Singapore) to Allianz for USD 2.1 billion. Upon completion, expected in the first half of 2027, HSBC will enter into a 15-year bancassurance distribution agreement with Allianz. The deal is expected to add 15 basis points to HSBC's common equity Tier 1 ratio.

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HSBC Holdings PLC

HSBC: Attractive Multiple for Singapore Life Insurance Exit, but Shares Look Fairly Valued

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