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 Finance50minutes ago

New China Life Insurance (601336.SH) 2024 half-year equity distribution: a distribution of 0.54 yuan per share on November 28 for equity registration.

new china life insurance (601336.SH) announced the semi-annual equity distribution notice for 2024, with profit distribution based on the plan...

Zhitong FinanceNov 21 04:17 ET

new china life insurance (01336) will distribute a cash dividend of 0.54 yuan per share for the 2024 interim A shares on November 29.

New China Life Insurance (01336) issued an announcement stating that it will distribute the 2024 semi-annual A-shares on November 29, 2024...

Zhitong FinanceNov 21 04:00 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

Open Source Securities: In October, the growth rate of insurance company premiums fell, focusing on the 25-year anniversary preparations and product switch progress.

Currently, the market is concerned about the performance of the liability end in the early stages of 2025. From the perspective of NBV growth prospects, the impact of price may be greater than quantity. The convergence of individual and bancassurance, optimization of product structure, and further support for the improvement of value rates through the convergence of the scheduled interest rate.

Zhitong FinanceNov 19 02:05 ET

New China Life Insurance Company Ltd.'s (SHSE:601336) Last Week's 10% Decline Must Have Disappointed Individual Investors Who Have a Significant Stake

Simply Wall StNov 19 00:27 ET