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ZhongAn Online P & C Insurance Co Ltd
HKEX:6060

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ZhongAn Online P & C Insurance Co Ltd
HKEX:6060
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Price: 11.94 HKD 1.02% Market Closed
Market Cap: 17.5B HKD
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ZhongAn Online P & C Insurance Co Ltd
Operating Income

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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ZhongAn Online P & C Insurance Co Ltd
Operating Income Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Operating Income CAGR 3Y CAGR 5Y CAGR 10Y
Z
ZhongAn Online P & C Insurance Co Ltd
HKEX:6060
Operating Income
ÂĄ834.2m
CAGR 3-Years
-7%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
People's Insurance Company Group of China Ltd
SSE:601319
Operating Income
ÂĄ43B
CAGR 3-Years
0%
CAGR 5-Years
12%
CAGR 10-Years
9%
PICC Property and Casualty Co Ltd
HKEX:2328
Operating Income
ÂĄ21.8B
CAGR 3-Years
-8%
CAGR 5-Years
0%
CAGR 10-Years
2%
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ZhongAn Online P & C Insurance Co Ltd
Glance View

Market Cap
17.5B HKD
Industry
Insurance

ZhongAn Online P & C Insurance Co Ltd., a pioneering force in the field of online insurance, transformed traditional insurance models by leveraging technology to cater to a digitally-savvy customer base. Founded in 2013 as a joint venture by heavyweights of the Chinese business landscape, Alibaba’s Jack Ma, Tencent’s Pony Ma, and Ping An Insurance’s Ma Mingzhe, ZhongAn emerged as the first pure online insurer in China. By utilizing big data analytics and AI, they crafted bespoke insurance products catering to niche markets and needs that were previously underserved, such as insurance for mobile-screen damage or flight delays. This innovative approach allowed them to penetrate the market rapidly, sidestepping the conventional brick-and-mortar infrastructure that burdened many traditional insurance companies. The revenue engine of ZhongAn spins primarily from its tailored insurance offerings sold through online platforms, with a significant emphasis on volume-driven sales. ZhongAn disrupted the industry by integrating seamlessly with partner e-commerce giants like Alibaba and Tencent, providing convenient access to its policies right at the point-of-sale for customers who are already in an online buying mood. The company’s sharp focus on digital channels not only stretches its market reach but also keeps operating costs low, enabling competitive pricing strategies. ZhongAn further amplifies its profitability through its innovative tech solutions umbrella, ZhongAn Technology, which provides software as a service to other insurers, enabling them to modernize their digital infrastructures. It's this dual-strength approach of cutting-edge technology and strategic partnerships that secures ZhongAn's position as a leader in the digital insurance revolution.

Intrinsic Value
16.68 HKD
Undervaluation 28%
Intrinsic Value
Price
Z

See Also

What is ZhongAn Online P & C Insurance Co Ltd's Operating Income?
Operating Income
834.2m CNY

Based on the financial report for Jun 30, 2024, ZhongAn Online P & C Insurance Co Ltd's Operating Income amounts to 834.2m CNY.

What is ZhongAn Online P & C Insurance Co Ltd's Operating Income growth rate?
Operating Income CAGR 3Y
-7%

The average annual Operating Income growth rates for ZhongAn Online P & C Insurance Co Ltd have been -7% over the past three years .

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