[Brokerage Focus] Bocom Intl indicates that investment in insurance stocks still needs to continue to focus on the asset side. Currently, the valuation of the life insurance industry is low.

According to BOCOM Intl, in the first half of 2024, Xinhua's life insurance premium decreased by 8.4%, Taibao's by 1.2%, PICC's remained unchanged, while China Life and Ping An increased by 4.1% and 5.1%, respectively. The total premium growth of the five listed companies was 2.1%, and the premium growth rate continued to trend upwards. In the first half of 2024, premium for PICC, Ping An and Taibao's property insurance increased by 3.7%, 4.1% and 7.7% YoY, while premium for their car insurance increased by 2.5%, 3.4% and 2.8% respectively, all of which were higher than in 2023.

金吾財訊20:51 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

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

Hong Kong stocks fluctuate | Most insurance stocks rise, and the five major insurance companies achieved premiums of 1.76 trillion yuan in the first half of the year, and the results of the reform have continued to be released.

Most insurance stocks are up. As of press time, China Pacific Insurance (02601) rose 4.55% to HKD 20.45, China Life Insurance (02628) rose 2.58% to HKD 11.12, and New China Life Insurance (01336) rose 1.89% to HKD 15.12.

Zhitong FinanceJul 17 02:48 ET

Express News | China Pacific Insurance - Jan-June Accumulated Primary Premium Income of China Pacific Life Insurance RMB153.159 Bln, Down 1.2%

ReutersJul 16 06:47 ET

Express News | China Pacific Insurance - Jan-June Accumulated Primary Insurance Premiums of China Pacific Life Insurance 153.2 Bln Yuan, Down 1.2%

ReutersJul 16 05:55 ET