Three insurance companies have been approved to issue bonds worth 39 billion. Insurance companies have replenished a total of 117.5 billion yuan this year, slightly exceeding last year's total.
① On the same day, the Financial Regulatory Bureau disclosed that the perpetual bonds or capital supplement bonds issued by Ping An Life, China Postal Insurance, and China United Property Insurance have been approved, with a cumulative approved issuance scale not exceeding 39 billion yuan; ② The demand for "blood replenishment" in the Insurance Industry remains significant within the year. As of December 20, the cumulative issuance scale of capital supplement bonds and perpetual bonds by Insurance Institutions has reached 117.5 billion yuan, slightly higher than the total for last year.
New China Life to Elect Directors at 2025 Meeting
Hong Kong stocks moved significantly | Mainland Insurance Companies rose in the afternoon as the booming auto sales drive high growth in auto insurance. Institutions indicate that auto insurance premiums are expected to further open up incremental space.
Mainland Insurance Companies rose in the afternoon. As of the time of writing, China Pacific Insurance (02601) is up 3.38%, priced at 24.45 HKD; CHINA TAIPING (00966) rose 2.06%, priced at 11.9 HKD; New China Life Insurance (01336) increased by 1.28%, priced at 23.8 HKD; China Life Insurance (02628) rose 1.24%, priced at 14.74 HKD.
Open-source securities: The proportion of dividend-type products has increased, and the strong start for insurance companies is expected to continue.
The transformation of individual insurance channels has shown results, and the medium to long-term demand for dividend insurance is promising; high-quality growth is expected to continue in 2025.
December 17 Insurance Daily | The premium income of listed insurance companies increased by 5.6% year-on-year in the first 11 months, and the "Retirement Finance" development roadmap has arrived!
In the first 11 months, listed insurance companies achieved a premium income of 2,666.7 billion yuan, a year-on-year increase of 5.6%. Some customer demand being overdrawn poses challenges for the "good start". Among the five A-share listed insurance companies, Ping An Insurance achieved a premium income of 796.396 billion yuan, a year-on-year increase of 7.9%; The People's Insurance achieved a premium income of 646.933 billion yuan, a year-on-year increase of 5.5%; China Life Insurance achieved a premium income of 644.3 billion yuan, a year-on-year increase of 4.8%; China Pacific Insurance achieved a premium income of 415.875 billion yuan, a year-on-year increase of 4.3%; New China Life Insurance achieved a premium income of
Passenger Vehicle Usage-based Insurance Market - Growth Opportunities Analysis 2024-2030
Guosen: Deposit rate cuts combined with product optimization drive a new round of "good start" for insurance companies.
The Insurance Industry's "New Year Start" in 2025 will focus on late November and early December, and it is expected that during this "New Year Start" period, the incremental opportunities may be concentrated in the exploration of increased insurance demand brought about by the combined product strategy.
[Brokerage Focus] Everbright points out that the growth rate of life insurance premiums is recovering and pays attention to the progress of the "New Year Opening" in 2025.
Jinwu Financial News | Everbright stated that recently, five major listed insurance companies have successively announced their premium income data for January to November 2024. In terms of life insurance, the premium income of the five listed insurance companies in November increased by a total of 1.7% year-on-year, with the growth rate improving by 2.9 percentage points compared to the previous month. Looking ahead, attention should be paid to the further improvement of the value rate and the progress of preparations for the "New Year's Opening" in 2025. Due to the impact of the switch in the predetermined interest rate, short-term sales are inevitably facing a downturn after a significant release of demand in advance. Combined with the good performance achieved in the first three quarters, various insurance companies have gradually shifted to the preparation work for the "New Year's Opening" in 2025, with the focus moving towards the "reporting and actions" of each insurance company.
Selected announcements | Ping An Insurance's original premium income in the current year is nearly 800 billion yuan; GANFENGLITHIUM's Goulamina spodumene project phase one has officially gone into production.
In the first 11 months, New China Life Insurance accumulated original insurance premium income of 163.1663 billion yuan, a year-on-year increase of 2.2%; Ideal Autos granted a total of 3.94697 million restricted stock units.
Hong Kong Stock Announcement Gold Mining | In the first 11 months, Ping An Insurance's premium income from original insurance contracts totaled approximately 796.3966 billion yuan, a year-on-year increase of 7.86%.
GRANDPHARMA (00512): The Phase II clinical study of the global innovative product STC3141 in China has completed the enrollment of all patients.
New China Life Insurance Logs Over 2% Rise in 11-Month Premium Income
New China Life Insurance (01336): Gong Xingfeng resigns as Chief Actuary.
New China Life Insurance (01336) announced that the Board of Directors received Mr. Gong Xingfeng's... on December 12, 2024.
New China Life Insurance (601336.SH): In the first 11 months, cumulative premium income reached 163.166 billion yuan, an increase of 2.2% year-on-year.
Gelonghui reported on December 13 that New China Life Insurance (601336.SH) announced that from January 1, 2024, to November 30, 2024, the cumulative original insurance premium income was 163.166 billion yuan, a year-on-year increase of 2.2%. The company's dual enhancement of scale value and dual optimization of quality structure have further demonstrated high-quality connotative development results.
Express News | New China Life Insurance - Gross Premium Income of New China Life Insurance Between Jan and Nov RMB163,166.30 Mln
Hong Kong stocks fluctuate | Mainland Insurance Companies continue to decline as the 30-year treasury yield drops below the 2% mark, affecting the investment returns of insurance companies' Fixed Income Assets.
Mainland Insurance Companies continued to decline. As of the time of writing, China Pacific Insurance (02601) fell by 4.67% to 24.5 Hong Kong dollars; China Life Insurance (02628) dropped by 3.33% to 15.08 Hong Kong dollars; The People's Insurance (01336) decreased by 3.9% to 24.65 Hong Kong dollars; The People's Insurance (01339) declined by 3.85% to 3.75 Hong Kong dollars.
Investing over 2 billion again! Zhongbao Investment, along with New China Life Insurance and others, establishes a new Fund as integrated circuit investment transforms from a "marathon" into a "relay race."
① Shanghai has become one of the centers of the integrated circuit industry in China, with significant contributions from insurance capital; ② China Insurance Investment and others have established a Fund, investing over 2 billion to take shares in the Shanghai integrated circuit Fund; ③ The advanced manufacturing industry, which is highly capital and technology-intensive, requires "live water" from insurance financial capital.
Hong Kong stocks are showing unusual activity | Mainland Insurance Companies collectively declined as Institutions state that the third quarter performance exceeded expectations or has already been realized, and market concerns are focused on long-term in
Mainland Insurance Companies collectively declined. As of the time of writing, China Pacific Insurance (02601) fell by 3.98% to 25.35 Hong Kong dollars; New China Life Insurance (01336) decreased by 2.68% to 25.45 Hong Kong dollars; China Life Insurance (02628) dropped by 1.53% to 15.46 Hong Kong dollars; PICC P&C (02328) declined by 0.49% to 12.1 Hong Kong dollars.
HAITONG SEC (06837.HK) received a Shareholding increase of 3.326 million shares from New China Life Insurance.
On December 11, according to the latest equity disclosure data from the Hong Kong Stock Exchange, on December 5, 2024, HAITONG SEC (06837.HK) was increased by New China Life Insurance Company Ltd. by 3.326 million shares at an average price of HK$7.0956 per share, involving about HK$23.6 million. After the shareholding, New China Life Insurance Company Ltd.'s latest number of shares held is 206,326,000 shares, with the shareholding ratio rising from 5.95%.
New China Life Insurance Announces Key Secretary Change
New China Life Insurance (01336.HK) has nominated Mao Sixue and Zhuozhi as candidates for director.
Gelonghui reported on December 9 that new china life insurance (01336.HK) announced that at the 27th meeting of the 8th board of directors held on December 9, 2024, the proposals for "nominating Ms. Mao Sixue as a candidate for non-executive director of the 8th board of directors" and "nominating Mr. Zhuozhi as a candidate for independent non-executive director of the 8th board of directors" were reviewed and approved, agreeing to nominate Mao Sixue as a candidate for non-executive director and Zhuozhi as a candidate for independent non-executive director of the 8th board of directors. The above proposals must be reviewed by the company’s shareholder meeting. After approval by the shareholder meeting, Mao Sixue and Zhuozhi's