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PICC Property and Casualty Company Limited's (HKG:2328) Stock Has Fared Decently: Is the Market Following Strong Financials?
PICC P&C Co. Announces Interim Results Presentation
China Merchants Securities: Overall improvement in life insurance in July, and stability in property insurance growth.
In July, life insurance premiums of various companies continued to increase, while property insurance was slightly differentiated due to the base.
Adjustments are imminent! Many agency platforms are facing a wave of delisting for dozens of old products with a reserved interest rate of 3% on insurance products.
Ant Insurance, Huize and other insurance agency platforms have released reminders that nearly 30 insurance products with a 3% reservation rate will be taken off the shelves at the end of this month. Industry insiders have analyzed that after the reservation rate is lowered, the yield of savings-type products will decrease by approximately 14%, while premiums for guarantee-type insurance such as critical illness insurance are expected to increase by 20%.
PICC P&C Schedules Key Financial Results Meeting
PICC P&C (02328.HK) held a board of directors meeting on August 28 to review and approve the release of its interim performance.
PICC P&C announced on August 16th that the board of directors will hold a meeting on August 28th, 2024 (Wednesday) to review and approve the company's interim performance announcement for the six months ended June 30, 2024 and consider the distribution of interim dividends.
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