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China Pacific Insurance (Group) Co., Ltd.'s (SHSE:601601) Earnings Are Not Doing Enough For Some Investors
GTJA: The life insurance sector is establishing a predetermined interest rate adjustment mechanism, and the performance of Brokerages is expected to exceed expectations.
GTJA believes that due to the decline in yield levels in the fourth quarter of 2024, Brokerage profit growth in 2024 is expected to exceed expectations. GTJA also recommends Shareholding in the Brokerage Sector, which has undergone sufficient price adjustments.
Mainland Insurance Companies are under pressure, New China Life Insurance (02628) fell by 4.82%, it is reported that the mainland will lower the guaranteed interest rate for life insurance products in the next season.
Golden Watch | Mainland Insurance Companies are under pressure. As of the time of writing, New China Life Insurance (01336) has dropped 4.82%, China Life Insurance (02628) has fallen 4.67%, CHINA TAIPING (00966) has decreased by 4.34%, Ping An Insurance (02318) has declined by 4.21%, and China Pacific Insurance (02601) has decreased by 4.18%. According to media reports citing an industry insider, the upper limit for the preset interest rate of newly filed regular insurance products is expected to decrease from 2.5% to 2%; the upper limit for the preset interest rate of newly filed participating insurance products is expected to be adjusted down from 2% to 1.5%; the minimum guarantee for newly filed universal insurance products is under consideration.
Hong Kong stocks moving differently | Mainland Insurance Companies fell in the morning as news emerged that insurance companies will once again adjust the scheduled interest rates. Institutions state that the Industry's investment side in stocks and bonds
Mainland Insurance Companies fell in the morning, as of the time of writing, New China Life Insurance (01336) was down 4.95%, at HKD 21.1; China Life Insurance (02628) was down 3.94%, at HKD 13.16; China Pacific Insurance (02601) was down 3.74%, at HKD 21.9; The People's Insurance (01339) was down 1.63%, at HKD 3.61.
China Galaxy Securities: The impact of the interest rate shift continues, and the growth rate of the property insurance Business has slowed down.
The overall asset scale of the Insurance Industry continues to grow, with an increasing year-on-year growth rate of total assets and net assets.
Open source securities: Policies to stabilize the stock market are successively implemented. The central bank's report outlines four strategies to address the risk of insurance companies' margin losses.
Kaiyuan Securities published a Research Report stating that strong demand for Retirement, ongoing effectiveness of product and channel transformations are expected to continue supporting stable growth of new orders in 2025, with a slight boost in value rate anticipated from the reduction of the scheduled interest rate, optimization of product structure, and integration of personal insurance and brokerage. The leading insurance companies are expected to achieve double-digit growth in NBV in the first quarter of 2025.
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