China Pacific Insurance

2601
Failed

Company Overview

The company is an insurance group company formed on the basis of China Pacific Insurance Company established on May 13, 1991. It is headquartered in Shanghai. It is a leading comprehensive insurance group in China, and the first insurance company listed in Shanghai, Hong Kong, and London. The company is a leading comprehensive insurance group in China, and the first insurance company listed in Shanghai, Hong Kong, and London. The company focuses on the insurance industry chain and provides various products and services such as risk protection, wealth planning, and asset management through its subsidiaries. The company mainly provides customers with personal insurance products and services through Taibao Life Insurance; provides customers with property insurance products and services through Taibao Industrial Insurance and Pacific Anxin Agricultural Insurance; provides customers with professional health insurance products and health management services through Pacific Health Insurance; carries out insurance fund use and third-party asset management business through Taibao Assets; engages in pension management and related asset management business through Yangtze River Pension; the company also carries out public fund management business through China Union Security Fund. Company honors: China Taibao was selected as one of the top 500 companies in the US “Fortune” for nine consecutive years, up 21 places from the previous year; China Taibao ranked 6th in the “2019 World's Most Valuable 100 Insurance Brands” ranking published by BrandFinance, with a brand value exceeding 10 billion US dollars for the first time; Taibao Industrial Insurance and Taibao Life Insurance also received the highest level A in the business evaluation of insurance companies for 4 consecutive years; Taibao Insurance's “Poverty Prevention” products won the “National Poverty Alleviation Attack” by the State Council's Poverty Alleviation Leading Group “Strong Award for Organizational Innovation Award”, etc.

Country
HK
Market Cap
$19.44B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
0.00% passed
5% Threshold
0.0%
Liabilities Compliance
1347.45% failed
33% Threshold
1347.5%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name China Pacific Insurance
Ticker 2601
Main Business Insurance—Life
Type Common Stock
Industry Insurance—Life
Country HK
Market Cap $19.44 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Revenue $321,680.0 $0.0 -
Interest income $0.0 $0.0 -
Total $321,680.0 $0.0 0.00% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
insurance contract $261,904,761,904.8 1,347.43%
derivative financial liabilities $2,941,176.5 0.02%
Total Interest-Bearing Debt $261,907,703,081.2 1,347.45%
Market Capitalization $19,437,333,333.3 100.00%
Compliance Status Threshold: 33% failed