Ping An's first-half operating profit after tax, or OPAT, growth accelerated to 8.3% year on year from 7.6% in the first quarter, driven by wealth management turnaround that offset slower growth in the life and P&C segments.
The regulatory cut to bancassurance commission rate has benefited large insurers such as Ping An, with about 75% of bancassurance sales being generated from its banking subsidiary and a strong product pipeline.
Frequent top management turnover poses more temporary headwinds to its ongoing business restructuring.
|
Metric
|
601318
|
601628
|
01299
|
|---|---|---|---|
Price/Earnings (Normalized) | 6.60 | 7.43 | 12.47 |
Price/Book Value | 0.98 | 1.62 | 2.46 |
Price/Sales | 1.05 | 1.35 | 2.13 |
Price/Cash Flow | 1.54 | 2.43 | — |
|
Metric
|
601318
|
601628
|
01299
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | 4.89 | — | 15.25 |
|
Metric
|
601318
|
601628
|
01299
|
|---|---|---|---|
Return on Assets (Normalized) | 1.33% | 3.32% | 2.35% |
Return on Equity (Normalized) | 18.71% | 42.76% | 19.29% |
Return on Invested Capital (Normalized) | 1.17% | 28.25% | 13.90% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| China Life Insurance Co Ltd Class H
CILJF
| — | LOCK|Tg? | $151B | |||
| Ping An Insurance (Group) Co. of China Ltd Class H
PIAIF
| LOCK|<l^C>n@ | LOCK|RS> | $147B | |||
| Ping An Insurance (Group) Co. of China Ltd ADR
PNGAY
| LOCK|^?rQN@ | LOCK|f! | $147B | |||
| AIA Group Ltd ADR
AAGIY
| — | LOCK|?W | $102B | |||
| AIA Group Ltd
AAIGF
| — | LOCK|Vc# | $102B | |||
| Manulife Financial Corp
MFC
| LOCK|^GBlgm | LOCK|#T | $74B | |||
| MetLife Inc
MET
| LOCK|C<Wv#? | LOCK|gf | $62B | |||
| Great-West Lifeco Inc
GWLIF
| LOCK|wd@^?% | LOCK|c? | $60B | |||
| Prudential Financial Inc
PRU
| LOCK|#gMlq% | LOCK|lX | $42B | |||
| Prudential PLC ADR
PUK
| LOCK|Wqs!!K& | LOCK|%R& | $34B |
United States