China Taiping Insurance Holdings (HKG:966) Full Year 2024 Results
Key Financial Results
- Revenue: HK$121.0b (up 7.7% from FY 2023).
- Net income: HK$7.43b (up 38% from FY 2023).
- Profit margin: 6.1% (up from 4.8% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: HK$2.07 (up from HK$1.50 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Taiping Insurance Holdings Earnings Insights
Looking ahead, revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Insurance industry in Hong Kong.
Performance of the Hong Kong Insurance industry.
The company's shares are down 12% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for China Taiping Insurance Holdings that you need to be mindful of.
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