Hong Kong stocks fluctuate | Mainland insurance companies collectively rise, with higher net profits of listed insurance companies in the first three quarters, and the sector's valuation center is expected to move up.

Mainland insurance companies collectively rose. As of the time of publication, Ping An Insurance (02318) rose by 4.11% to HK$50.65; New China Life Insurance (01336) rose by 3.69% to HK$28.1; China Life Insurance (02628) rose by 3.66% to HK$17.

Zhitong FinanceNov 7 01:15 ET

New China Life Insurance Declares Interim Dividend

TipRanksNov 6 06:10 ET

china life insurance (601628.SH): In mid-2024, a profit distribution of 10 shares 2 yuan will be distributed, with a total distribution of 5.653 billion yuan.

Gelonghui on November 6th: china life insurance (601628.SH) announced that the profit distribution for the mid-term of 2024 will be based on the total share capital of the company before the implementation of the plan, which is 28,264,705,000 shares in total. A cash dividend of 0.20 yuan per share (tax included) will be distributed, totaling 5.653 billion yuan in cash dividends (tax included). After this dividend distribution, the solvency of the company will still remain at a sufficient level to meet regulatory requirements. The equity registration date is 2024/11/12, and the cash dividend payment date is 2024/11/13.

Gelonghui FinanceNov 6 04:10 ET

china life insurance (601628.SH) declared a half-year dividend of 0.2 yuan per share with a record date of November 12th.

china life insurance (601628.SH) announced that the company will implement the distribution of A-share profits in the first half of 2024, each...

Zhitong FinanceNov 6 04:08 ET

Hong Kong stocks are volatile | Mainland insurance companies collectively decline, market concerns about excessive demand for "opening red". Institutions still bullish on premium income performance.

Mainland insurance companies collectively fell. As of press time, New China Life Insurance (01336) fell by 4.93%, closing at 27 Hong Kong dollars; China Pacific Insurance (02601) fell by 4.63%, closing at 26.75 Hong Kong dollars; China Life Insurance (02628) fell by 4.45%, closing at 16.32 Hong Kong dollars; The People's Insurance (01339) fell by 1.93%, closing at 4.06 Hong Kong dollars.

Zhitong FinanceNov 6 02:43 ET

Insurance Daily on November 6th: Property insurance 'Big Three' share 80% of industry profits, 75 life insurance companies earned more than 280 billion in net profit in the first three quarters.

The Matthew effect continues, with the three major property insurance companies capturing 80% of the industry's profits. Over 60% of institutions have a comprehensive cost ratio exceeding 100%. With the release of the solvency reports of insurance companies in the third quarter, the performance of property insurance companies in the first three quarters has emerged. According to statistics, except for a few insurance companies that have not disclosed their solvency reports for the third quarter due to special circumstances, the report cards of most property insurance companies have been released, with a total of 84 property insurance companies disclosing third-quarter performance data. The data shows that the 84 property insurance companies collectively achieved a net income of 50.681 billion yuan in the first three quarters, with 63 profitable companies and 21 companies incurring losses, accounting for less than three-tenths of the total number of loss-making companies.

Market newsNov 6 01:01 ET