3 listed insurance companies flex their muscles! The China Life, New China Life, and Ping An collectively distribute a mid-term dividend of 17.252 billion yuan, with the highest dividend yield reaching 15.2%.

① Ping An Insurance distributed cash dividends of 9.914 billion yuan, accounting for 13.29% of the mid-term attributable net income; ② New China Life Insurance distributed cash dividends of 1.685 billion yuan, accounting for 15.2% of the mid-term attributable net income; ③ New China Life Insurance distributed cash dividends of 5.653 billion yuan, accounting for 14.77% of the mid-term attributable net income.

cls.cn07:01 ET

Hong Kong stocks are on the move | The decline of mainland insurance companies has widened as October's life insurance premium growth slows down. The market is paying attention to the liability side performance during the New Year opening phase.

Mainland insurance companies saw their decline expand, as of the time of publication, new china life insurance (01336) fell by 7.24%, closing at 23.05 Hong Kong dollars; china life insurance (02628) fell by 6.68%, closing at 14.52 Hong Kong dollars; china pacific insurance (02601) fell by 4.09%, closing at 24.6 Hong Kong dollars; the people's insurance (01339) fell by 3.89%, closing at 3.71 Hong Kong dollars.

Zhitong Finance01:13 ET

China Life Insurance Announces Board and Committee Roles

TipRanksNov 21 04:09 ET

China Life Insurance Appoints New Independent Director

TipRanksNov 21 04:09 ET

gtja: Strengthening the connection between assets and liabilities to return to the "real growth" of insurance profits.

The fundamental reason for the mismatch on the liability side is the pressure of business assessment represented by premium scale and NBV. During the interest rate down cycle, there is a divergence between the new business profit growth and the new business value growth of insurance companies, and greater emphasis should be placed on the value growth of achievable investment returns.

Zhitong FinanceNov 21 01:11 ET

November 21 Insurance Daily丨The top five listed insurance companies achieved premium income of 2.52 trillion yuan in the first ten months! Insurance agents are fighting for a "good start".

The premium income of the top five listed insurance companies reached 2.52 trillion yuan in the first ten months! Product switching combined with a 'good start' preparation, life insurance premium growth slowed down starting from October 1st, and the maximum guaranteed rate for dividend insurance was lowered from 2.5% to 2.0%. With the landing of rate reductions for traditional insurance and dividend insurance, the pulse-like growth of life insurance premiums has come to a temporary halt. The latest premium data for January-October 2024 shows that China Life Insurance, Ping An Life Insurance, Taikang Life Insurance, New China Life Insurance, and PICC Life Insurance achieved a total premium income of approximately 1.55 trillion yuan, with a year-on-year growth of 5.5%, further slowing down from the premium growth rate in January-September.

Market newsNov 21 00:25 ET