Changjiang Securities: Asset-end contradictions remain the core factor in the valuation of insurance for 24 years.

Looking back at the changes in the valuation of the insurance industry from 2011 to now, improvements in assets have been a common factor in the rebound of the valuation six times, while the termination of the market is mostly due to the deterioration of assets, and the industry as a whole exhibits a strong beta property.

Zhitong FinanceJul 22 03:10 ET

China Merchants Securities: There may still be room for a reduction in life insurance reserve interest rates, will continue to be bullish on the sector's opportunities in the mid-year report.

Benefiting from the sustained supply and demand of savings insurance, it is expected that the NBV growth rate of listed insurance companies in the first half of 2024 will be above double digits and profits are also expected to increase.

Zhitong FinanceJul 19 03:10 ET

Haitong Securities: Strengthen product and service supply to create a comprehensive ecological system of 'insurance + retirement.'

Basic retirement insurance has a wide coverage, but currently faces significant payment pressures. As of the end of 2023, the number of participants in basic retirement insurance accounted for 76% of the total population that year, and has entered a phase of slow growth. In addition, the accumulated surplus is largely dependent on subsidies from various levels of government finance. According to the calculations of the Chinese Academy of Social Sciences, the accumulated surplus will be completely exhausted by 2035.

Zhitong FinanceJul 18 23:37 ET

Breaking News: Insurance stocks show a collective rise, with the top five insurance companies achieving a premium income of 1.76 trillion in the first half of the year. Full-year NBV is expected to have a high-quality growth.

On July 18th, insurance stocks (BK1130.HK) rose collectively. As of press time, PICC P&C (02328.HK) rose 4.01% to 9.6 Hong Kong dollars; China Pacific Insurance (02601.HK) rose 3.69% to 21.1 Hong Kong dollars; and China Taiping (00966.HK) rose 1.61% to 8.21 Hong Kong dollars. Market data source: Futubull. In the first half of this year, the original insurance premium income of the five listed insurance companies, Ping An Insurance, China Life Insurance, the People's Insurance, China Taiping Insurance, and New China Life Insurance, increased by 3.0% YoY, with the total amount being 1763.3 billion yuan.

Zhitong FinanceJul 18 02:18 ET

Avichina (02357) rose 4.52% on strong buying interest. Institutions believe that the valuation of state-owned enterprises in the aviation industry has the basis and potential for continuous improvement.

King Golden Financial News | The special valuation sector is strongly pushing higher. Minmetals Land (00230) rose 4.88%, Avichina (02357) rose 4.52%, China Railway Signal & Communication Corporation (03969) rose 3.68%, COSCO Ship Engy (01138) rose 3.47%, PICC P&C (02328) rose 3.14%, CRRC Corporation (01766) rose 2.52%. Sealand Securities said that the valuation of central SOEs has the basis and possibility of continuous improvement. Against the background of deepening reforms, the profit-making ability of SOEs is relatively strong, and the financing channels for high-quality assets are constantly expanding, which has played a key role in stabilizing the capital markets.

金吾財訊Jul 18 01:26 ET

The insurance sector is generally rising. PICC P&C (02328) rose by 3.68%. Institutions indicated that the net income of life insurance is expected to improve quarter by quarter due to the low base.

Insurance stocks generally rose, with PICC P&C up 3.68%, China Pacific Insurance up 3.44%, Prudential, China Life Insurance, PICC Group, and za online up more than 1%. Open Source Securities Research Report pointed out that the life insurance liability side has a good business environment, and net profits are expected to improve quarter by quarter under a low base, the industry's debt cost is expected to continue to decline, and the stable stage of the asset side interest rate spread loss is expected to improve. We remain bullish on investment opportunities in the life insurance sector and focus on mid-year reports, long-term interest rates, and July policies.

金吾財訊Jul 18 01:22 ET