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January 21 Insurance Daily | The five major A-share listed insurance companies have a total premium of 2.84 trillion yuan in 2024! The performance report for exclusive commercial Retirement Insurance in 2024 reaches up to 4.07%.
The "report card" for the five major listed insurance companies in A-shares for 2024 is out: total premium of 2.84 trillion yuan, with a year-on-year growth of 5.3%. In 2024, the annual premiums of the listed insurance companies in A-shares for the period from January to December have been fully released. From January to December 2024, the total premium income of Ping An Insurance, The People's Insurance, China Life Insurance, China Pacific Insurance, and New China Life Insurance reached 2.84 trillion yuan, with a year-on-year increase of approximately 5.3%. Specifically, Ping An Insurance's total premium income was 858.142 billion yuan, a year-on-year growth of 7.17%, ranking at the forefront of listed companies in terms of both scale and growth rate. In addition, The People's Insurance and China Life Insurance also saw significant premium income.
[Brokerage Focus] CCB International indicates that the growth rate of life insurance's opening performance is differentiated, while property insurance's growth rate is slowed down due to non-auto segments.
Jinwu Financial News | Zheshang International stated that in December, the growth rate of life insurance premiums for listed insurance companies showed significant divergence. Due to the slowdown of new business sales momentum for the industry in the 2025 New Year's opening, the growth rate of premium income for insurance companies weakened month-on-month from November to December. In December, six listed insurance companies reported life insurance premium income of 82.3 billion yuan, a year-on-year decrease of 2.5%, down 1.9 percentage points month-on-month from November. The growth rate of life insurance premiums in December varied, influenced by the rhythm of the New Year's opening and differences in product strategies. Looking ahead, the bank expects the new business value (NBV) of listed life insurance companies to maintain steady growth in 2025, thanks to the value of NBV.
China Securities Co.,Ltd.: The synergy between policy and fundamentals is Bullish on the upward elasticity of the non-bank Sector.
Life insurance benefits from the continuously optimized policy environment, and high-quality development is expected. Following the introduction and effective implementation of a series of growth-stabilizing policies, equity investments are expected to contribute to performance elasticity.
New China Life Insurance Sees Higher 2024 Profit Due to Significantly Higher Investment Returns>1336.HK
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