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