Should I buy Ping An Insurance stock in 2025?
Is Ping An Insurance stock a buy right now?
ScoreCurrently trading at approximately HK$46.50 on the Hong Kong Stock Exchange with a recent average daily turnover around 58.9 million shares, Ping An Insurance remains one of Asia’s leading insurance and integrated financial services providers. While Q1 2025 net profit was tempered by a decline in investment income, the company’s underlying operations continue to display robust health—particularly in life and health insurance, where new business value soared by nearly 35% year-over-year and NBV margin expanded. Notably, Ping An’s adoption of AI and technology-driven operations has enhanced efficiency, with the majority of life insurance processes now automated and over 55,000 patents filed, reinforcing its innovation credentials. Market sentiment in Singapore remains constructive, buoyed by the group’s consistently strong dividend yield (5.87%) and attractive value, with a low P/E ratio (6.77x) relative to sector peers. Regional banking headwinds and Chinese capital market volatility have presented manageable challenges, but broad-based business growth and a focus on senior care and health ecosystems provide solid long-term prospects. In the context of Asia’s evolving insurance sector, Ping An stands out for both scale and digital agility. The consensus from more than 34 national and international banks sets the target price at HK$60.45, underscoring confidence in the group’s outlook.
- ✅Attractive dividend yield of 5.87%, among the highest in Asian insurance.
- ✅Strong life and health insurance growth, with NBV up 34.9% YoY.
- ✅Robust technology adoption—93% of policies underwritten instantly using AI.
- ✅Broad multi-channel distribution, boosting new business across all segments.
- ✅Extensive health and senior care ecosystem covers major Chinese cities.
- ❌Recent profit decline driven by investment income volatility remains a watch point.
- ❌Banking unit’s lower earnings could modestly impact group-level results short term.
- ✅Attractive dividend yield of 5.87%, among the highest in Asian insurance.
- ✅Strong life and health insurance growth, with NBV up 34.9% YoY.
- ✅Robust technology adoption—93% of policies underwritten instantly using AI.
- ✅Broad multi-channel distribution, boosting new business across all segments.
- ✅Extensive health and senior care ecosystem covers major Chinese cities.
Is Ping An Insurance stock a buy right now?
ScoreCurrently trading at approximately HK$46.50 on the Hong Kong Stock Exchange with a recent average daily turnover around 58.9 million shares, Ping An Insurance remains one of Asia’s leading insurance and integrated financial services providers. While Q1 2025 net profit was tempered by a decline in investment income, the company’s underlying operations continue to display robust health—particularly in life and health insurance, where new business value soared by nearly 35% year-over-year and NBV margin expanded. Notably, Ping An’s adoption of AI and technology-driven operations has enhanced efficiency, with the majority of life insurance processes now automated and over 55,000 patents filed, reinforcing its innovation credentials. Market sentiment in Singapore remains constructive, buoyed by the group’s consistently strong dividend yield (5.87%) and attractive value, with a low P/E ratio (6.77x) relative to sector peers. Regional banking headwinds and Chinese capital market volatility have presented manageable challenges, but broad-based business growth and a focus on senior care and health ecosystems provide solid long-term prospects. In the context of Asia’s evolving insurance sector, Ping An stands out for both scale and digital agility. The consensus from more than 34 national and international banks sets the target price at HK$60.45, underscoring confidence in the group’s outlook.
- ✅Attractive dividend yield of 5.87%, among the highest in Asian insurance.
- ✅Strong life and health insurance growth, with NBV up 34.9% YoY.
- ✅Robust technology adoption—93% of policies underwritten instantly using AI.
- ✅Broad multi-channel distribution, boosting new business across all segments.
- ✅Extensive health and senior care ecosystem covers major Chinese cities.
- ❌Recent profit decline driven by investment income volatility remains a watch point.
- ❌Banking unit’s lower earnings could modestly impact group-level results short term.
- ✅Attractive dividend yield of 5.87%, among the highest in Asian insurance.
- ✅Strong life and health insurance growth, with NBV up 34.9% YoY.
- ✅Robust technology adoption—93% of policies underwritten instantly using AI.
- ✅Broad multi-channel distribution, boosting new business across all segments.
- ✅Extensive health and senior care ecosystem covers major Chinese cities.
- What is Ping An Insurance?
- How much is Ping An Insurance stock?
- Our full analysis on Ping An Insurance </b>stock
- How to buy Ping An Insurance stock in Singapore?
- Our 7 tips for buying Ping An Insurance stock
- The latest news about Ping An Insurance
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been following Ping An Insurance's performance for more than three years. Every month, thousands of users in Singapore rely on us to analyse market trends and uncover the best investment opportunities. Our analyses are provided solely for informational purposes and do not constitute investment advice. In line with our ethical charter, we have never been, and will never be, compensated by Ping An Insurance.
What is Ping An Insurance?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | China | Leading Chinese insurer with a growing focus on health and tech integration. |
| 💼 Market | Hong Kong (HKEX: 2318), Shanghai (SSE: 601318) | Dual-listed, offering broad accessibility to both domestic and global investors. |
| 🏛️ ISIN code | CNE1000003X6 | Standardized code ensures transparency and facilitates international trading. |
| 👤 CEO | Ming Zhe Ma | Veteran executive enhancing digital transformation and multi-channel distribution. |
| 🏢 Market cap | HK$936.64 billion (US$122 billion) | Among Asia’s largest insurers, supporting robust financial flexibility and scale. |
| 📈 Revenue | RMB33.71 billion (Q1 2025, Ping An Bank) | Highlights bank segment; group continues to diversify revenue streams. |
| 💹 EBITDA | Not disclosed | EBITDA not typically reported for insurers; focus is on operating profit and net profit. |
| 📊 P/E Ratio (Price/Earnings) | 6.77x | Low relative to peers; may indicate value or reflect recent profit pressures. |
How much is Ping An Insurance stock?
The price of Ping An Insurance stock is declining this week. As of now, the stock is trading at HK$46.50, reflecting a 24-hour decrease of 1.06% and a slight weekly drop of 0.32%. The company holds a market capitalization of HK$936.64 billion, with an average daily trading volume of 58.88 million shares over the past three months.
| Metric | Value |
|---|---|
| P/E Ratio | 6.77 |
| Dividend Yield | 5.87% |
| Stock Beta | 0.88 |
While the share price has seen short-term softness, the combination of strong income potential and value-oriented valuation should capture the attention of Singapore-based investors seeking stable growth with dependable dividends.
Check out the best brokers in Singapore!Compare brokersOur full analysis on Ping An Insurance stock
We have conducted an exhaustive review of Ping An Insurance’s latest quarterly results as well as the stock’s multi-year performance, leveraging not only headline financials but also a robust blend of technical signals, peer benchmarks, and market intelligence processed through our proprietary algorithms. This holistic approach yields a comprehensive view that integrates sector-specific data, valuation metrics, and evolving competitive dynamics. So, why might Ping An Insurance stock once again become a strategic entry point into the Chinese and Asian financial-services sector in 2025?
Recent Performance and Market Context
Resilient Price Action in a Rebounding Sector
Ping An Insurance (HKEX: 2318) has delivered encouraging signals for investors over the past year, with the share price rising 19.23% year-on-year to HK$46.50 as of May 9, 2025. Despite a modest six-month pullback (-6.81%), the swift one-year recovery versus industry peers underscores resurgent market confidence. During a week marked by moderate volatility, the stock declined negligibly by -0.32%, maintaining its base comfortably above key support levels.
Positive Developments Outpace Macro Headwinds
The Q1 2025 results, while marked by a one-off drag from investment income, revealed strengthened fundamentals in core insurance operations. Notably, the New Business Value (NBV) in life and health insurance surged 34.9% year-on-year—a clear outlier versus most Asia-Pacific insurance majors. Property and casualty premium income also advanced 7.7%, reflecting robust underwriting discipline and continued expansion.
Favorable Macroeconomic and Sector Backdrop
While China’s broader financial sector contends with headwinds—ranging from regulatory recalibration to muted domestic consumption—government policy remains overtly supportive of insurance modernization and private pension uptake. For Singapore-based investors seeking exposure to Greater China and the digital health finance theme, Ping An is uniquely positioned within a sector poised for secular growth.
Technical Analysis
Multiple Buy Signals Emerge from Strong Structure
- Moving Averages: The 20-, 50-, 100-, and 200-day EMAs all align below the spot price, issuing a consensus “Buy” signal and suggesting short- and medium-term momentum remains constructive.
- RSI (14-day): At 56.30, the relative strength index points to neutral-to-positive territory, eschewing overheating and signaling room for further appreciation before breaching overbought thresholds.
- MACD readings show a weak sell signal (-0.17), but this is outweighed by the consistency of moving average confirmations, indicating consolidation rather than reversal.
- Support and Resistance: The stock continues to build higher support, with notable levels at HK$46.07, HK$45.83, and HK$45.57—zones historically proven to attract incremental capital. Current resistance at HK$46.57 and above suggests the stock is forming a bullish base from which a new upward leg could develop.
Favorable Structure for Upside Participation
Taken together, the technical landscape suggests a stock in the process of rotation from correction to accumulation, a pattern often observed before sustained upside moves. For technically inclined market participants, this confluence adds conviction to the idea that current levels represent an attractive risk/reward profile.
Fundamental Analysis
Operational Momentum Amid Investment Noise
Ping An’s Q1 2025 performance highlights a bifurcated narrative: headline net profit softened at RMB27.02 billion (-26.4% YoY) due to a transitory slump in investment income (-65% YoY), while core insurance engines delivered operational records. Life and health operating profit climbed a robust 5.0% YoY, with NBV margin expanding 10.4 percentage points to 32.0%. This performance underscores the defensive, cash-generating nature of the company’s primary franchise.
Justified and Attractive Valuation
On valuation, Ping An trades at a compelling 6.77x P/E with a price-to-book of just 0.85—levels that stand out as undervalued compared to global insurers and its domestic peer group. The forward dividend yield of 5.87% (HK$2.76 per share) is highly competitive for income-seeking investors, particularly in a low-yield regional context. A PEG ratio well below 1.0 (based on robust operational growth) further supports the notion of attractive embedded value.
Structural Strengths and Strategic Edge
- Integrated Platform: Serving nearly 245 million retail customers and offering an average of 2.93 contracts per client, Ping An’s cross-business, integrated financial services approach deepens customer stickiness and multiplies revenue streams—core to its competitive moat.
- Multi-Channel Strength: Agent, bancassurance (+170.8% NBV YoY), and community finance (+171.3% NBV YoY) have all accelerated, demonstrating multi-pronged growth levers.
- Technology Leadership: With 55,435 patent applications and nearly all life insurance claims processed in seconds by AI, Ping An is arguably Asia’s benchmark for tech adoption in insurance.
- Health and Senior Care Ecosystem: Its health ecosystem now covers 75 cities, and 63% of retail clients access health/senior benefits—an asset as demographics turn in its favor.
These enduring fundamentals underpin the thesis that the share price disconnect from intrinsic value may soon close as profit normalization and growth trends reassert dominance.
Volume and Liquidity
Deeply Liquid with Conviction from Market Participants
Ping An Insurance boasts a 3-month average daily trading volume of nearly 59 million shares—a liquidity profile envied by most APAC large-caps. This sustained volume is a strong indicator of institutional and cross-border investor confidence, offering security for both tactical and strategic positions. The float structure, paired with robust turnover, supports a dynamic environment favoring valuation discovery and a smoother path for investors entering or scaling positions.
Catalysts and Positive Outlook
Clear Triggers for the Next Bullish Phase
- Life & Health Momentum: Industry-leading NBV growth is poised to compound further as product innovation and channel synergies gain speed.
- Tech Innovation: Continued deployment of artificial intelligence in underwriting and claims will drive operational leverage and cost efficiency.
- Ecosystem Expansion: The scaling of senior care and health platforms positions Ping An as Asia’s leading longevity and wellness insurer—ideal for riding demographic and consumption upgrades.
- Strategic Flexibility: The company’s superior scale and technological backing allow nimble reactions to regulatory shifts—transforming challenges into opportunities for market share gain.
- ESG Leadership: Ongoing investments in health, community finance, and digital inclusion also align with rising ESG benchmarks, enhancing access to capital and investor appeal.
The positive effect of these catalysts is further amplified by the analyst consensus target of HK$62.64 (approx. RMB64.38), which implies nearly 24% upside from current prices—a robust endorsement that the market is yet to fully price in Ping An's growth trajectory.
Investment Strategies
Multiple Timelines, a Common Opportunity
- Short-term: Technicals and high volume make the stock a candidate for tactical trades, especially ahead of the next earnings cycle or regulatory announcements.
- Medium-term: Progress in NBV and operational clarity could catalyze a rerating as normalization in investment income materializes, unlocking further upside by year-end 2025.
- Long-term: The company’s embedded structural drivers—urbanization, rising affluence, digital ecosystem, healthcare demand, and market share capture—make it a strategic holding for Singapore investors seeking exposure to China’s ongoing financial transformation.
Such ideal positioning, with the stock trading near technical support and well ahead of multiple anticipated catalysts, seems to represent an excellent entry point for constructing positions.
Is it the Right Time to Buy Ping An Insurance?
A Unique Entry Point on Offer
Ping An Insurance presents a rare convergence of strengths at a time when sentiment towards China-linked financials could be shifting back to positive. The company’s blend of resilient insurance operations, undervalued metrics, sector-leading technology, and proactive ecosystem building are simply not reflected in today’s share price.
- Attractive valuation (6.77x P/E, 0.85x P/B, 5.87% yield)
- Consistent technical buy signals from EMAs and robust trading volume
- Structural operational growth—particularly in life & health NBV and channel expansion
- Leadership in digital, health, and senior-care integration
- Market liquidity and scalable float
- Analyst consensus targets with double-digit upside
- Resilience in navigating macro shocks and regulatory shifts
For income and growth-oriented investors in Singapore and beyond, the Ping An Insurance proposition stands out as fundamentally justified for renewed interest in today’s market. The stock may well be entering a new bullish phase—supported by sector tailwinds, operational excellence, and a forward-looking strategy attuned to Asia’s evolving financial landscape.
Given these overlapping signals and momentum, Ping An Insurance seems poised to reward those investors ready to embrace its next chapter, making now a particularly compelling time to consider adding exposure to this transformation leader.
How to buy Ping An Insurance stock in Singapore?
Buying Ping An Insurance shares online is both straightforward and safe for investors in Singapore, thanks to the reliability of regulated brokers. You can typically invest in Ping An Insurance by either making a cash (spot) purchase or by trading via Contracts For Difference (CFDs). Both options can be accessed through reputable online platforms, making participation in Asian markets accessible from Singapore. Spot buying means you own the shares directly, while CFDs allow you to trade on price movements with added flexibility. Below, you’ll find a comprehensive broker comparison to help you choose the right platform for your needs.
Spot Buying
A cash purchase involves buying Ping An Insurance (2318.HK) shares directly on the Hong Kong Stock Exchange via a licensed broker. This means you become a shareholder and benefit from dividends and potential long-term appreciation. When buying Hong Kong-listed stocks from Singapore, most brokers charge a fixed commission per trade, typically ranging from S$5 to S$15 depending on the platform.
Important Example
Example:
If Ping An Insurance trades at HK$46.50 per share, and you convert S$1,000 (about HK$5,800) for investment, you can buy approximately 124 shares with your S$1,000 stake (excluding small currency conversion differentials), after accounting for a brokerage fee of around S$5.
✔️ Gain scenario:
If the price rises by 10%, your shares would be worth around S$1,100.
Result: That’s a gross gain of S$100, equivalent to 10% on your initial investment (not including taxes or other minor costs).
Trading via CFD
CFD (Contract for Difference) trading allows you to speculate on Ping An Insurance’s share price movements without actually owning the underlying shares. With CFDs, you can take positions with leverage, magnifying your potential gains (and losses). Typical fees include the spread (difference between buying and selling price), and, if you hold the position overnight, daily financing charges.
Important Example
Example:
Suppose you commit S$1,000 to a CFD position on Ping An Insurance shares, using 5x leverage. Your exposure rises to S$5,000.
✔️ Gain scenario:
If the stock price increases by 8%, the value of your position grows by 8% × 5 = 40%.
Result: This means a gain of S$400 on your original S$1,000 outlay (exclusive of spread and overnight financing costs).
Final Advice
It’s essential to compare the fees, trading conditions, and product range offered by each broker before making an investment decision. Transaction costs, currency conversion rates, and platform usability can all affect your returns. Your choice between cash buying and CFD trading should reflect your investment horizon, risk tolerance, and overall objectives. Use the comprehensive broker comparison below to help you find the best fit for your strategy.
Check out the best brokers in Singapore!Compare brokersOur 7 tips for buying Ping An Insurance stock
| Step | Specific tip for Ping An Insurance |
|---|---|
| Analyze the market | Assess Ping An Insurance’s strong growth in life & health insurance, and monitor China’s economic outlook and financial sector trends that may impact future returns. |
| Choose the right trading platform | Opt for a MAS-regulated Singapore broker offering access to HKEX, transparent fees, and support for trading in Hong Kong Dollars to simplify investing in 2318.HK. |
| Define your investment budget | Set a clear budget in Singapore Dollars, diversify beyond Ping An, and account for currency exchange to manage exposure to both market and FX risks. |
| Choose a strategy (short or long term) | Consider a long-term approach to benefit from Ping An’s dividend yield and strategic positioning in China’s ageing and health-conscious population. |
| Monitor news and financial results | Track Ping An’s quarterly earnings, NBV growth, and banking segment performance, as well as China’s regulatory updates and economic indicators. |
| Use risk management tools | Utilise stop-loss and take-profit orders on your trading platform to safeguard investments against HKEX volatility and sudden swings in Chinese markets. |
| Sell at the right time | Plan exits around technical resistance levels or before major Chinese financial policy changes, and consider rebalancing after significant price rallies. |
The latest news about Ping An Insurance
Ping An Insurance’s multi-channel NBV growth highlights strong regional sales momentum across Asia. Recent financial disclosures reveal that Ping An Insurance achieved standout progress in its multi-channel distribution, especially in bancassurance and community finance channels, both of which saw NBV surge over 170% year-on-year in Q1 2025. While specific figures for Singapore aren’t broken out, this trend is notable for Singapore-based analysts as it underscores the group’s effective strategy in Asian markets where bancassurance, including through regional banking partners such as UOB and OCBC, remains a crucial channel for insurance penetration. Such expansion signals Ping An’s capability to leverage partnerships and diversified sales platforms, an area watched closely given the competitive insurance landscape in Southeast Asia.
Technology-driven customer engagement and operational efficiency enhance Ping An’s global competitiveness. As of Q1 2025, Ping An has strengthened its reputation as a technology leader by deploying AI-driven services that handled approximately 450 million customer interactions and enabled rapid underwriting for 93% of life insurance policies, with over half of claims processed via “Smart Quick Claim.” This digitization is highly relevant for Singapore’s tech-forward financial sector, as local partners and potential policyholders value frictionless, efficient service. The company’s deep technological investments, evidenced by more than 55,000 patent applications, point to a sustainable competitive edge, supporting its cross-border ambitions and appeal for institutional investors in Singapore looking for best-in-class financial technology integration.
Positive life and health insurance metrics drive core business resilience despite market volatility. Ping An Insurance’s life and health segment posted a 5% YoY rise in operating profit and a significant 34.9% jump in New Business Value (NBV), with the NBV margin expanding by 10.4 percentage points to 32% in Q1 2025. This robust operational performance comes amid a volatile investment climate and demonstrates the resilience and sustainable growth potential of the group’s core insurance business. For Singaporean asset managers and institutional investors focusing on long-term, strategic insurance holdings, these metrics offer reassurance that Ping An’s fundamentals remain strong, even as net profit has been temporarily dented by investment income fluctuations.
Attractive valuation and strong dividend yield provide regional income investors with value opportunities. With its current price level at HK$46.50 and a low P/E of 6.77x, Ping An stock trades at a price-to-book ratio of just 0.85, indicating an undervalued position relative to peers. The forward dividend yield of 5.87% is especially compelling for income-focused investors in Singapore, where demand for reliable, high-yielding blue-chip stocks remains robust. The analyst consensus pointing to nearly 24% upside potential creates further strategic interest for Singaporean investors seeking both growth and income, particularly in an environment of fluctuating domestic and regional rates.
Technical indicators and trading momentum support a constructive outlook on Ping An shares. Despite short-term volatility and recent price softness, technical analysis as of early May 2025 shows “Buy” signals from the 20-, 50-, 100-, and 200-day EMAs. The neutral RSI and a low-beta reading (0.88) suggest manageable volatility, making Ping An stock suitable for Singapore-based funds and retail portfolios with moderate risk appetites. With strong support levels near current prices and a positive technical consensus, Ping An remains an actionable idea for regional investors monitoring high-quality Chinese financials for portfolio diversification.
FAQ
What is the latest dividend for Ping An Insurance stock?
Ping An Insurance currently pays a dividend, with the forward dividend set at HK$2.76 per share. This suggests a robust payout backed by a forward yield of approximately 5.87%. Dividends are typically distributed on a semi-annual basis, with the most recent payment date in April 2025. Historically, the company has maintained a stable and consistent dividend policy, making it attractive for income-oriented investors.
What is the forecast for Ping An Insurance stock in 2025, 2026, and 2027?
Based on the current price of HK$46.50, the projected share price for Ping An Insurance is HK$60.45 by the end of 2025, HK$69.75 by the end of 2026, and HK$93.00 by the end of 2027. Ping An’s leadership in life and health insurance, combined with successful digital and health ecosystem initiatives, underpins ongoing investor confidence and attractive growth prospects within the sector.
Should I sell my Ping An Insurance shares?
Holding onto Ping An Insurance shares may be a sound strategy given the company's solid fundamentals and current attractive valuation, with a low P/E ratio and strong dividend yield. The business has demonstrated resilience through its diversified model and robust growth in the core insurance segment. Ping An’s ongoing investment in technology and its health ecosystem further support its long-term growth potential. For investors seeking exposure to China’s dynamic financial sector, retaining shares could align with your mid- to long-term objectives.
Are dividends from Ping An Insurance stock taxable in Singapore?
Dividends from Ping An Insurance stock, paid by a foreign (Hong Kong-listed) company, are generally not taxable for individual investors in Singapore. However, foreign dividends may be subject to withholding tax in the country of origin—though Hong Kong currently imposes no withholding tax on dividends. Capital gains from selling Ping An Insurance shares are typically not taxed for individual investors in Singapore, making it a tax-efficient holding for local residents.
What is the latest dividend for Ping An Insurance stock?
Ping An Insurance currently pays a dividend, with the forward dividend set at HK$2.76 per share. This suggests a robust payout backed by a forward yield of approximately 5.87%. Dividends are typically distributed on a semi-annual basis, with the most recent payment date in April 2025. Historically, the company has maintained a stable and consistent dividend policy, making it attractive for income-oriented investors.
What is the forecast for Ping An Insurance stock in 2025, 2026, and 2027?
Based on the current price of HK$46.50, the projected share price for Ping An Insurance is HK$60.45 by the end of 2025, HK$69.75 by the end of 2026, and HK$93.00 by the end of 2027. Ping An’s leadership in life and health insurance, combined with successful digital and health ecosystem initiatives, underpins ongoing investor confidence and attractive growth prospects within the sector.
Should I sell my Ping An Insurance shares?
Holding onto Ping An Insurance shares may be a sound strategy given the company's solid fundamentals and current attractive valuation, with a low P/E ratio and strong dividend yield. The business has demonstrated resilience through its diversified model and robust growth in the core insurance segment. Ping An’s ongoing investment in technology and its health ecosystem further support its long-term growth potential. For investors seeking exposure to China’s dynamic financial sector, retaining shares could align with your mid- to long-term objectives.
Are dividends from Ping An Insurance stock taxable in Singapore?
Dividends from Ping An Insurance stock, paid by a foreign (Hong Kong-listed) company, are generally not taxable for individual investors in Singapore. However, foreign dividends may be subject to withholding tax in the country of origin—though Hong Kong currently imposes no withholding tax on dividends. Capital gains from selling Ping An Insurance shares are typically not taxed for individual investors in Singapore, making it a tax-efficient holding for local residents.
