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China Pacific Insurance (Group) Co (2601) AI Stock Analysis
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China Pacific Insurance (Group) Co
(HKEX:2601)
The score is driven primarily by strong underlying financial performance (resilient margins and very strong cash generation) and especially attractive valuation (low P/E and high dividend yield). These positives are tempered by weak technicals (below major moving averages with negative MACD) and recent fundamental softening (TTM revenue/earnings decline and a rising leverage trend).
China Pacific Insurance (Group) Co (2601) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 31.36B
- Dividend Yield
- 6.89%
- Average Volume (3M)
- 9.74M
- Price to Earnings (P/E)
- 6.7
- Beta (1Y)
- 1.06
- Revenue Growth
- 9.37%
- EPS Growth
- -11.20%
- Country
- Hong Kong
- Employees
- 19,052
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Insurance - Diversified
China Pacific Insurance (Group) Co Business Overview & Revenue Model
Company Description
China Pacific Insurance (Group) Co., Ltd., together with its subsidiaries, provides insurance products to in the People's Republic of China. It operates through Life and Health Insurance, Property and Casualty Insurance, Asset Management, and Other B...
How the Company Makes Money
CPIC primarily makes money through (1) underwriting income from selling insurance policies and (2) investment income earned on premiums and policyholder funds it holds and invests, with additional contributions from fees/commissions and asset managem...
China Pacific Insurance (Group) Co Earnings Call Summary
The earnings call highlighted significant growth in net profit and new business value, alongside improved product mix and asset management growth. However, these positive aspects were balanced by challenges in CPIC Life revenue, a decrease in Group Channel GWP, and pressures on net investment yield, with additional impacts from catastrophes on P&C business.
Q3-2024 Updates
Positive Updates
Negative Updates
Company Guidance
In the Q3 2024 earnings call for CPIC Group, the executives provided a comprehensive overview of the company's performance metrics and strategic focuses. The group reported an insurance revenue of CNY 209.4 billion, a 2.3% increase year-on-year, with CPIC Life contributing CNY 62.3 billion, despite a 2.5% decrease, and CPIC P&C delivering CNY 145.2 billion, up 4.1%. The net profit soared to CNY 38.3 billion, marking a significant 65.5% rise. CPIC Life's new business value saw a remarkable 37.9% growth to CNY 14.2 billion, with a new business margin improvement of 6.2 percentage points, reaching 20.0%. The persistency ratios improved, with the 13-month ratio increasing to 97.5% and the 25-month ratio to 92.3%. The total assets under management rose by 14.9% to CNY 2.58 trillion, although the net investment yield slightly decreased by 0.1 percentage points to 2.9%. The call also highlighted strategies like "BIG HEALTH," "BIG REGION," and "BIG DATA" to enhance customer management and business quality, along with digital innovations in AI for auditing and claims processing. Looking forward, CPIC aims to maintain high-quality growth, optimize service processes, and focus on digital transformation and risk management.
China Pacific Insurance (Group) Co Financial Statement Overview
Summary
Strong profitability and cash generation support the score (TTM net margin ~13.4%, EBIT margin ~17.2%, operating cash flow ~254.1B and free cash flow ~251.1B with FCF/net income ~0.99). Offsetting this, revenue and earnings momentum have turned negative (TTM revenue growth -7.4%, net income down vs 2025), and leverage has risen versus prior years (debt-to-equity elevated vs 2021–2024), increasing balance-sheet risk.
Income Statement
74PositiveBalance Sheet
63PositiveCash Flow
78Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 380.28B | 376.40B | 401.90B | 321.68B | 328.96B | 436.39B |
| Gross Profit | 380.27B | 376.40B | 401.84B | 321.67B | 301.03B | 406.09B |
| EBITDA | 46.90B | 72.57B | 60.21B | 314.87B | 320.92B | 38.77B |
| Net Income | 44.00B | 52.12B | 44.96B | 27.26B | 37.38B | 26.83B |
Balance Sheet | ||||||
| Total Assets | 3.34T | 3.15T | 2.83T | 2.34T | 2.18T | 1.95T |
| Cash, Cash Equivalents and Short-Term Investments | 64.99B | 77.49B | 29.36B | 30.93B | 748.22B | 677.93B |
| Total Debt | 23.64B | 243.44B | 13.01B | 13.38B | 12.72B | 13.10B |
| Total Liabilities | 2.98T | 2.81T | 2.52T | 2.08T | 1.94T | 1.71T |
| Stockholders Equity | 330.15B | 302.27B | 291.42B | 249.59B | 228.45B | 226.74B |
Cash Flow | ||||||
| Free Cash Flow | 251.07B | 258.31B | 150.53B | 133.88B | 138.81B | 104.72B |
| Operating Cash Flow | 254.14B | 262.49B | 154.40B | 137.86B | 147.91B | 108.41B |
| Investing Cash Flow | -172.39B | -251.64B | -209.90B | -161.36B | -168.98B | -66.09B |
| Financing Cash Flow | -55.49B | 35.74B | 61.34B | 3.29B | 28.48B | -31.37B |
China Pacific Insurance (Group) Co Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2601, the sentiment is Negative. The current price of 26.22 is below the 20-day moving average (MA) of 26.95, below the 50-day MA of 28.26, and below the 200-day MA of 30.69, indicating a bearish trend. The MACD of -0.57 indicates Negative momentum. The RSI at 37.21 is Neutral, neither overbought nor oversold. The STOCH value of 75.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2601.
China Pacific Insurance (Group) Co Peers Comparison
Overall Rating
HK:096685Outperform
HK:262883Outperform
HK:232878Outperform
HK:133672Outperform- HK:260170Outperform
HK:231866Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:0966 | 85Outperform | HKD 60.95B | 1.89 | 33.37% | 7.25% | 18.51% | 293.61% |
| HK:2628 | 83Outperform | HKD 1.03T | 3.95 | 12.07% | 4.72% | 38.17% | 134.02% |
| HK:2328 | 78Outperform | HKD 362.11B | 6.44 | 16.11% | 5.55% | 9.17% | 31.94% |
| HK:1336 | 72Outperform | HKD 163.68B | 6.11 | 21.09% | 7.99% | 44.36% | 53.14% |
| HK:2601 | 70Outperform | HKD 320.14B | 6.67 | 13.91% | 6.89% | 9.37% | -11.20% |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| HK:2318 | 66Neutral | HKD 1.03T | 9.71 | 9.64% | 6.32% | -7.57% | -25.97% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:2601 | China Pacific Insurance (Group) Co Class H | 26.22 | -3.48 | -11.71% | |
| HK:2318 | Ping An Insurance | 49.74 | -3.82 | -7.13% | |
| HK:2628 | China Life Insurance Co Class H | 23.88 | 0.30 | 1.26% | |
| HK:0966 | China Taiping Insurance Holdings Co | 16.96 | 0.37 | 2.20% | |
| HK:2328 | PICC Property & Casualty Co Class H | 16.28 | -1.06 | -6.10% | |
| HK:1336 | New China Life Insurance Co., Ltd. Class H | 38.84 | -6.86 | -15.01% |
China Pacific Insurance (Group) Co Corporate Events
China Pacific Insurance Issues Q3 Solvency Disclosure for Health Unit
China Pacific Insurance (Group) Co., Ltd. has issued an overseas regulatory announcement in Hong Kong regarding its third-quarter 2026 solvency report for subsidiary Pacific Health Insurance Co., Ltd. The disclosure, made under Hong Kong’s list...
China Pacific Insurance Publishes Q3 Solvency Update for Agricultural Unit
China Pacific Insurance (Group) Co., Ltd. has issued an overseas regulatory announcement in Hong Kong, in line with local listing and securities regulations, to provide investors with a summary of the third-quarter 2026 solvency report of its subsidi...
China Pacific Insurance Publishes Q3 2026 Solvency Update for Life Unit
China Pacific Insurance (Group) Co., Ltd. has issued an overseas regulatory announcement via the Hong Kong Stock Exchange, notifying investors that a quarterly solvency report excerpt for China Pacific Life Insurance Co., Ltd. for the third quarter o...
China Pacific Insurance Issues Notice on Q3 2026 Solvency Report Disclosure
China Pacific Insurance (Group) Co., Ltd. announced an overseas regulatory filing relating to the third-quarter 2026 solvency report of its subsidiary, China Pacific Property Insurance Co., Ltd. The disclosure, made under Hong Kong listing and securi...
China Pacific Insurance Sees Profits Slide Despite Asset and Equity Growth
China Pacific Insurance reported a sharp decline in profitability for the third quarter of 2026, with operating income for the period down 45% year-on-year and profit before tax dropping 86.7%, while net profit fell 68.4%. For the first nine months o...
China Pacific Insurance to Host 2026 Q3 Results Presentation for Investors
China Pacific Insurance (Group) Co., Ltd. has announced that it will host an online presentation of its 2026 third quarter results on 28 October 2026, from 18:30 to 19:30 Beijing time, with senior management in attendance. The session aims to give in...
China Pacific Insurance Schedules Board Meeting to Approve Q3 2026 Results
China Pacific Insurance (Group) Co., Ltd., a leading Chinese insurance group listed on the Hong Kong Stock Exchange, has announced that its board of directors will convene on 28 October 2026 to review and approve the company’s third‑quart...
China Pacific Insurance to Hold Online Interim Results Roadshow for Investors
China Pacific Insurance (Group) Co., Ltd. has announced that it will join the 2026 Listed Company Collective Reception Day in Shanghai and host an interim results presentation event on September 16, 2026, via the Panorama Roadshow online platform. Se...
China Pacific Insurance Publishes Q2 2026 Solvency Summary for Health Unit
China Pacific Insurance (Group) Co., Ltd. issued an overseas regulatory announcement in Hong Kong to release an excerpted summary of the second-quarter 2026 solvency report for its health insurance arm, Pacific Health Insurance Co., Ltd. The disclosu...
China Pacific Insurance Issues Hong Kong Regulatory Solvency Update
China Pacific Insurance (Group) Co., Ltd. has issued an overseas regulatory announcement in Hong Kong, citing the disclosure and inside information provisions of the local listing and securities rules. The notice indicates that an attached announceme...
China Pacific Insurance Publishes Q2 2026 Solvency Disclosure for Property Unit
China Pacific Insurance (Group) Co., Ltd. issued an overseas regulatory announcement in Hong Kong to release excerpts of the second‑quarter 2026 solvency report for its subsidiary China Pacific Property Insurance Co., Ltd. The disclosure, made...
China Pacific Insurance Issues Hong Kong Regulatory Notice on Interim Solvency Report
China Pacific Insurance (Group) Co., Ltd. has issued an overseas regulatory announcement in Hong Kong, in line with local listing and securities rules governing disclosure of inside information. The filing signals the release of excerpts from the gro...
China Pacific Insurance Issues Hong Kong Notice on 2026 Interim Results
China Pacific Insurance (Group) Co., Ltd. has issued an overseas regulatory announcement in Hong Kong in connection with the release of its 2026 interim results, in accordance with local listing rules. The company noted that the Hong Kong Exchanges a...
China Pacific Insurance Declares Interim Dividend for First Half of 2026
China Pacific Insurance (Group) Co., Ltd. has declared an interim ordinary dividend of RMB 0.42 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. For H shareholders, the payout will be in Hong Kong dolla...
China Pacific Insurance Announces 2026 Interim Dividend and Tax Withholding Details
China Pacific Insurance (Group) Co., Ltd. has approved an interim dividend for the first half of 2026, declaring a payout of RMB0.42 per share, or HK$0.485444 per H share based on the specified exchange rate. The interim dividend will be distributed...
China Pacific Insurance posts higher interim profit as health and P&C businesses strengthen
China Pacific Insurance reported steady growth for the six months to 30 June 2026, with group operating income rising 5.8% to RMB212.136 billion and net profit up 10.4% to RMB30.775 billion, supported by higher OPAT and a 5.6% increase in net assets....
China Pacific Insurance Sets Interactive Briefing for 2026 Interim Results
China Pacific Insurance (Group) Co., Ltd. will publish its interim results for the first half of 2026 on the Hong Kong Stock Exchange’s news website on 27 August 2026. To deepen investor understanding of its performance and operating position,...
China Pacific Insurance Sets August 2026 Board Meeting to Review Interim Results and Dividend
China Pacific Insurance (Group) Co., Ltd. has scheduled a board meeting for 27 August 2026 to review and approve its interim results for the six months ended 30 June 2026. The board will also consider the potential payment of an interim dividend and...
China Pacific Insurance announces routine board reshuffle as vice chairman steps down
China Pacific Insurance (Group) Co., Ltd. announced that vice chairman and non-executive director Lu Qiaoling has resigned from the board and from the Strategic and Investment Decision-Making & ESG Committee due to age, effective 11 August 2026....
China Pacific Insurance Clarifies Board and Committee Roles
China Pacific Insurance (Group) Co., Ltd., a leading Chinese insurance group listed in Hong Kong, has outlined the composition and functional roles of its board of directors and key governance committees. The Board includes executive, non-executive,...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 29, 2026