New China Life Insurance Books 1.8% Higher Premium Income for January-October

MT NewswiresNov 18 06:46 ET

Hong Kong stock market anomaly | Mainland insurance companies rose in early trading, maintaining the growth momentum of listed insurance companies premiums in the first 10 months. The attention to the 25-year 'great start' has increased.

Mainland insurance companies rose in the morning session, as of the time of publication, new china life insurance (01336) rose by 4.56%, trading at 25.2 Hong Kong dollars; china life insurance (02628) rose by 3.52%, trading at 15.9 Hong Kong dollars; china pacific insurance (02601) rose by 4.41%, trading at 26.05 Hong Kong dollars; china taiping (00966) rose by 3.4%, trading at 12.76 Hong Kong dollars.

Zhitong FinanceNov 17 21:26 ET

Stocks are hitting the ceiling! Since October, 10 A-share listed companies have announced being targeted, with china national medicines corporation and sh pharma being targeted on the same day by new china life insurance.

① According to incomplete statistics, since October, 10 A-share listed companies including zhejiang east crystal electronic, semiconductor manufacturing international corporation, quanjinhao, lifecome biochemistry, zhejiang jingu, primeton information technologies, inc., guangzhou goaland energy conservation tech, xuzhou handler special vehicle, china national medicines corporation, and sh pharma have announced that they have received major stock purchases from relevant parties (see attached table). ② In the secondary market, this week, xuzhou handler special vehicle and guangzhou goaland energy conservation tech have both seen their stock prices increase by more than 100% since September.

cls.cnNov 17 02:30 ET

Express News | New China Life Insurance Says Jan-Oct Accumulated Gross Premium Income up 1.8% Y/Y

ReutersNov 15 03:40 ET

New China Life Insurance: The premium income for the first 10 months was 155.632 billion yuan, a year-on-year increase of 1.8%.

On November 15, Glonghui reported that new china life insurance (601336.SH) announced that from January 1, 2024, to October 31, 2024, the cumulative original insurance premium income was 155.632 billion yuan, a year-on-year increase of 1.8%. At the same time, the company's product structure, business structure, and business quality continue to optimize, and the company's sustainable development capacity continues to enhance.

Gelonghui FinanceNov 15 03:35 ET

guolian: How has the investment strategy of insurance companies evolved?

The current insurance industry has established an investment strategy that primarily focuses on fixed income assets, supplemented by equities and other assets. In the first half of 2024, the insurance industry has allocated 9.3% to bank deposits, 47.5% to bonds, and 12.7% to stocks and securities investments.

Zhitong FinanceNov 15 03:29 ET