China Pacific Insurance (Group) Co Ltd Class A 601601

Stock XSHG Rating as of Sep 30, 2026

CN¥31.06 +0.66 (2.17%)

As of Sep 30, 2026, 7:00:03 AM Delayed Price Closed

Company Report

China Pacific Insurance Earnings: New Business Growth Improves; H-Shares Undervalued

Iris Tan Aug 28, 2026

China Pacific Insurance's, or CPIC's, interim net profit and operating profit after tax, or OPAT, grew 10% and 6%, respectively. Its property-casualty insurance combined ratio fell 1.3 percentage points to 95%, reflecting improved underwriting profitability.

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Price vs Fair Value

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601601 is trading at a LOCK|f&G@H% premium.

Price

CN¥31.06

Sep 30, 2026

Fair Value

Jan 21, 2026

Uncertainty

LOCK|KgW

1-Star Price: LOCK|.xs
5-Star Price: LOCK|.r
Economic Moat: LOCK|QW
Capital Allocation: LOCK|YN&F#?

Bulls Say, Bears Say

Bulls

CPIC has reported above-peer growth in new business value over the past two years, thanks to the strong sales in the bancassurance channel.

Bears

CPIC's new energy vehicle insurance business is still seeing underwriting losses, due to the lack of sufficient data to correctly price risks.

Trading Information

Previous Close Price: CN¥30.40
Day Range: CN¥30.33–31.25
52-Week Range: CN¥28.21–48.39
Bid/Ask: CN¥31.06 / CN¥31.07
Shares Outstanding: 9.62B
Market Cap: CN¥298.81B
Volume/Avg: 32M / 49M

Key Statistics

Price/Earnings (Normalized): 5.59
Price/Sales: 0.71
Dividend Yield (Trailing): 3.70%
Dividend Yield (Forward): 3.70%
Dividend Payment Schedule: Jul
Total Yield: 3.70%

Company Profile

Established in 1988, China Pacific Insurance is China's third-largest life insurer and third-largest general property and casualty insurer, with headquarters in Beijing. The company strives to create an integrated financial services platform that encompasses insurance, banking, and asset management. CPIC's major shareholders are state-owned companies related to the Shanghai government.

Sector: Financial Services
Industry: Insurance - Life
Stock Style Box: Large Value
Total Number of Employees: 91,639
Website: https://www.cpic.com.cn

Competitors

Valuation

Metric	601601	601318	01299
Price/Earnings (Normalized)	5.59	6.32	11.94
Price/Book Value	0.94	0.94	2.35
Price/Sales	0.71	1.01	2.04
Price/Cash Flow	1.64	1.47	—

Price/Earnings

601601

601318

01299

Financial Strength

Metric	601601	601318	01299
Quick Ratio	—	—	—
Current Ratio	—	—	—
Interest Coverage	—	4.89	15.25

Quick Ratio

No chart available

Profitability

Metric	601601	601318	01299
Return on Assets (Normalized)	1.85%	1.33%	2.35%
Return on Equity (Normalized)	19.35%	18.71%	19.29%
Return on Invested Capital (Normalized)	10.74%	1.17%	13.90%

Return on Assets