China Life Insurance Company Limited (CILJF) Q3 2024 Earnings Call Transcript Summary

moomoo AINov 2 04:46 ET · Conference Call

New China Life Insurance third-quarter report: weak premium growth, substantial net profit surge, sustainability of high investment income questioned by industry insiders.

1. In the first three quarters, new china life insurance achieved a net income attributable to the parent company of 20.68 billion yuan, a staggering increase of 116.7% year-on-year; 2. In the first three quarters, new china life insurance achieved an original premium income of 145.644 billion yuan, showing weak growth of 1.9% year-on-year; 3. In the first three quarters, the annualized comprehensive investment yield was 8.1%, up 5.1 percentage points year-on-year.

cls.cnOct 31 03:44 ET

china life insurance third quarter report released: net income attributable to mother breaks one trillion for the first time, 'report and operation integrated' has been implemented in individual insurance channels, will moderately increase investment in h

①China Life Insurance achieved a net income attributable to the parent company of 104.523 billion yuan in the first three quarters, a year-on-year increase of 173.9%; ②moderately increasing high-quality high dividend stocks investment, grasping the right allocation pace and investment safety margin; ③favors stable operational performance, sound corporate governance, reasonable market valuation, and high dividend yield leading industries.

cls.cnOct 30 19:44 ET

Prudential's Mainland vascular 'regrowth', shandong, anhui 2 branch companies approved.

AIA (1299.HK) is continuously increasing its investment in the mainland market. On October 28, AIA's mainland subsidiary AIA Life revealed, Shandong, ...

wallstreetcnOct 28 06:41 ET

The large-scale landing insurance industry has entered a stage of deepening application. Industry insiders suggest strengthening technological cooperation and ecological development, as well as enhancing the training of composite talents.

①Large-scale models help insurance companies transition from equal management to reduced management; ②The most difficult part of AI innovation in the insurance industry is the building of compound organizations; ③More and more asset management institutions are replacing investment analysis work with a combination of human and intelligent systems.

cls.cnOct 27 23:18 ET

SunCar Technology Expands Strategic Partnership With Ping An Property & Casualty Insurance Co. Across Key Provinces; Total Contract Value From These Agreements Is ~$4.2M

BenzingaOct 24 08:07 ET